Tilicho
ActiveSummary
The annual accounts of Tilicho for fiscal year 2025 show a net loss of 53% of total assets. The 2025 annual accounts show equity of €33,567 and a net result of -€22,679. Equity is shrinking by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 31840 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-9
Solvency100=
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 4.21 against 10.79 in 2024; short-term debt: 22.2% and cash: 62.9% of total assets), and 22.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77.8%
Return on assets
-52.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
22232425
2022 to 2025 · latest year -€22,679
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-04-2026, 101 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
101 d early
2024
43 d early
2023
16 d early
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€33,567▼ 52.9%
2024 · €71,246
Total assets
€43,120▼ 44.8%
2024 · €78,073
Net result
-€22,679▼ 280%
2024 · -€5,963
Working capital
€30,686▼ 54.1%
2024 · €66,870
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€69,065-€25,673▼ 62.8%-€5,876-€22,620▼ 285%
Net result€54,169-€20,040▼ 63.0%-€5,963-€22,679▼ 280%
Equity€57,169-€77,209▲ 35.1%€71,246▼ 7.7%€33,567▼ 52.9%
Total assets€86,964-€97,027▲ 11.6%€78,073▼ 19.5%€43,120▼ 44.8%
Debt€29,795-€19,818▼ 33.5%€6,827▼ 65.6%€9,553▲ 39.9%
Working capital€55,107-€75,384▲ 36.8%€66,870▼ 11.3%€30,686▼ 54.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22,620 in 2025 against €5,876 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,120
Fixed assets
€2,881 ▼ 34.2%
Current assets
€40,240 ▼ 45.4%
Equity and liabilities €43,120
Equity
€33,567 ▼ 52.9%
Debt
€9,553 ▲ 39.9%
Debt's share of the balance-sheet total rises from 8.7% to 22.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€21,125▼
2024 · -€4,638
Cash flow
-€21,184▼
2024 · -€4,725
Current ratio
4.21▼
2024 · 10.79
Debt to equity
0.28▲
2024 · 0.10
ROE
-67.6%▼
2024 · -8.4%
ROA
-52.6%▼
2024 · -7.6%
Interest coverage
-290.25▼
2024 · -53.61
Debt ≤ 1 year
€9,553▲
2024 · €6,827
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €912 | €907 | €1,238 | €1,495 | ▲ 20.8% |
| Other operating charges640/8 | €574 | €173 | €569 | €585 | ▲ 2.9% |
| Gross operating margin9900 | €70,551 | €26,753 | -€4,069 | -€20,539 | ▼ 405% |
| Operating profit (loss)9901 | €69,065 | €25,673 | -€5,876 | -€22,620 | ▼ 285% |
| Financial income75/76B | - | - | - | €14 | - |
| Recurring financial income75 | - | - | - | €14 | - |
| Financial charges65/66B | €338 | €53 | €87 | €73 | ▼ 15.9% |
| Recurring financial charges65 | €338 | €53 | €87 | €73 | ▼ 15.9% |
| Profit (loss) for the period before taxes9903 | €68,727 | €25,620 | -€5,963 | -€22,679 | ▼ 280% |
| Income taxes67/77 | €14,558 | €5,581 | €0 | - | - |
| Profit (loss) for the period9904 | €54,169 | €20,040 | -€5,963 | -€22,679 | ▼ 280% |
| Profit (loss) for the period to be appropriated9905 | €54,169 | €20,040 | -€5,963 | -€22,679 | ▼ 280% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €86,964 | €97,027 | €78,073 | €43,120 | ▼ 44.8% |
| Fixed assets21/28 | €2,100 | €1,825 | €4,376 | €2,881 | ▼ 34.2% |
| Tangible fixed assets22/27 | €2,100 | €1,825 | €4,376 | €2,881 | ▼ 34.2% |
| Furniture and vehicles24 | €2,100 | €1,825 | €4,376 | €2,881 | ▼ 34.2% |
| Current assets29/58 | €84,864 | €95,202 | €73,697 | €40,240 | ▼ 45.4% |
| Amounts receivable within one year40/41 | €71,430 | €58,986 | €49,580 | €13,067 | ▼ 73.6% |
| Trade receivables40 | €71,430 | €56,870 | €41,710 | €8,067 | ▼ 80.7% |
| Other amounts receivable41 | - | €2,116 | €7,870 | €5,000 | ▼ 36.5% |
| Cash at bank and in hand54/58 | €13,434 | €36,217 | €23,088 | €27,143 | ▲ 17.6% |
| Deferred charges and accrued income490/1 | - | - | €1,030 | €30 | ▼ 97.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €86,964 | €97,027 | €78,073 | €43,120 | ▼ 44.8% |
| Equity10/15 | €57,169 | €77,209 | €71,246 | €33,567 | ▼ 52.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €54,169 | €74,209 | €68,246 | €30,567 | ▼ 55.2% |
| Amounts payable17/49 | €29,795 | €19,818 | €6,827 | €9,553 | ▲ 39.9% |
| Amounts payable within one year42/48 | €29,757 | €19,818 | €6,827 | €9,553 | ▲ 39.9% |
| Trade debts44 | €1,807 | €1,171 | €3,367 | €1,664 | ▼ 50.6% |
| Suppliers440/4 | €1,807 | €1,171 | €3,367 | €1,664 | ▼ 50.6% |
| Taxes, remuneration and social security45 | €22,766 | €18,648 | €904 | €5,258 | ▲ 482% |
| Taxes450/3 | €19,728 | €18,648 | €0 | €4,213 | - |
| Remuneration and social security454/9 | €3,038 | €0 | €904 | €1,045 | ▲ 15.6% |
| Other amounts payable47/48 | €5,184 | €0 | €2,557 | €2,632 | ▲ 3.0% |
| Accrued charges and deferred income492/3 | €38 | €0 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,169 | €20,040 | -€5,963 | -€22,679 | ▼ 280% |
| + Depreciation and write-downs630 | €912 | €907 | €1,238 | €1,495 | ▲ 20.8% |
| Operating cash flow (approximation) | €55,081 | €20,947 | -€4,725 | -€21,184 | ▼ 348% |
| Investment in fixed assets (approximation) | - | -€632 | -€3,790 | €0 | ▲ 100% |
| Change in cash | - | €22,783 | -€13,129 | €4,056 | ▲ 131% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€22,679
Net result drops to -€22,679, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 10.79
Current ratio from 4.80 to 10.79; short-term debt falls from €19,818 to €6,827.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2021
Ground area
1,469 m²
Building footprint
206 m²
Volume, LiDAR
1,639 m³
Parcel 13049B0633/00D000, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Tilicho
since 20212.318.874.278
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13049B0633/00D000 | Flanders | 1,469 m² | 1 · 206 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 263 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 263 EUR | 0 EUR |
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,587. 35,313 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.