TINY PROJECTS
ActiveSummary
The computed 12-month bankruptcy probability of TINY PROJECTS is 2.2% (moderate). The 2024 annual accounts show equity of €261,348 and a net result of €102,996. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 57% of 18940 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability87▼-5
Solvency62▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 1.98 against 0.88 in 2023; short-term debt: 23% and cash: 12.5% of total assets), but 63.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
34 d early
2022
31 d late
2021
31 d late
2020
31 d late
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€261,348▲ 21.5%
2023 · €215,042
Total assets
€707,449▲ 55.8%
2023 · €453,973
Net result
€102,996▲ 23.9%
2023 · €83,101
Working capital
€158,808
2023 · -€20,793
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€27,382▼ 39.8%€104,031▲ 280%€39,169▼ 62.3%€119,379▲ 205%€149,484▲ 25.2%
Net result€21,527above the sector's middle half▼ 37.5%€77,524above the sector's middle half▲ 260%€32,012above the sector's middle half▼ 58.7%€83,101above the sector's middle half▲ 160%€102,996above the sector's middle half▲ 23.9%
Equity€79,547above the sector's middle half▲ 37.1%€157,071above the sector's middle half▲ 97.5%€189,084above the sector's middle half▲ 20.4%€215,042above the sector's middle half▲ 13.7%€261,348above the sector's middle half▲ 21.5%
Total assets€116,250within the sector's middle half▲ 3.5%€207,626within the sector's middle half▲ 78.6%€378,448above the sector's middle half▲ 82.3%€453,973above the sector's middle half▲ 20.0%€707,449above the sector's middle half▲ 55.8%
Debt€36,703▼ 32.4%€50,555▲ 37.7%€189,364▲ 275%€238,930▲ 26.2%€446,101▲ 86.7%
Working capital€22,870within the sector's middle half▲ 304%€3,788within the sector's middle half▼ 83.4%-€36,663below the sector's middle half-€20,793within the sector's middle half▲ 43.3%€158,808above the sector's middle half
Solvency68.4%above the sector's middle half▲ 16.8pp75.7%above the sector's middle half▲ 7.2pp50.0%within the sector's middle half▼ 25.7pp47.4%within the sector's middle half▼ 2.6pp36.9%within the sector's middle half▼ 10.4pp
Current ratio1.62within the sector's middle half▲ 0.511.07within the sector's middle half▼ 0.550.67within the sector's middle half▼ 0.400.88within the sector's middle half▲ 0.211.98within the sector's middle half▲ 1.10
Return on assets (ROA)18.5%above the sector's middle half▼ 12.2pp37.3%above the sector's middle half▲ 18.8pp8.5%within the sector's middle half▼ 28.9pp18.3%above the sector's middle half▲ 9.8pp14.6%within the sector's middle half▼ 3.7pp
Staff (FTE)3.1within the sector's middle half▼ 20.5%4.2▲ 35.5%3.5▼ 16.7%5.1▲ 45.7%6.3▲ 23.5%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 25% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €707,449
Fixed assets
€385,989 ▲ 26.7%
Current assets
€321,461 ▲ 115%
Equity and liabilities €707,449
Equity
€261,348 ▲ 21.5%
Debt
€446,101 ▲ 86.7%
Debt's share of the balance-sheet total rises from 52.6% to 63.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€206,842▲
2023 · €158,721
Cash flow
€160,354▲
2023 · €122,443
Quick ratio
1.88▲
2023 · 0.78
Debt to equity
1.71▲
2023 · 1.11
ROE
39.4%▲
2023 · 38.6%
Interest coverage
30.46▲
2023 · 21.77
Debt ≤ 1 year
€162,653▼
2023 · €170,013
Debt > 1 year
€274,123▲
2023 · €68,918
Income taxes
€46,268▲
2023 · €29,012
Staff costs
€314,010▲
2023 · €243,562
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,679 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,810 | - |
| Remuneration, social security and pensions62 | - | €67,904 | €131,936 | €243,562 | €314,010 | ▲ 28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,905 | €15,766 | €35,762 | €39,342 | €57,358 | ▲ 45.8% |
| Other operating charges640/8 | - | €1,825 | €3,063 | €5,503 | €2,311 | ▼ 58.0% |
| Gross operating margin9900 | €113,957 | €189,527 | €209,931 | €407,785 | €523,163 | ▲ 28.3% |
| Operating profit (loss)9901 | €27,382 | €104,031 | €39,169 | €119,379 | €149,484 | ▲ 25.2% |
| Financial income75/76B | - | €514 | €126 | €27 | €6,570 | ▲ 24,136% |
| Recurring financial income75 | €98 | €514 | €126 | €27 | €6,570 | ▲ 24,136% |
| Financial charges65/66B | - | €1,564 | €3,966 | €7,292 | €6,790 | ▼ 6.9% |
| Recurring financial charges65 | €588 | €1,564 | €3,966 | €7,292 | €6,790 | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €26,892 | €102,982 | €35,329 | €112,113 | €149,264 | ▲ 33.1% |
| Income taxes67/77 | €5,365 | €25,458 | €3,317 | €29,012 | €46,268 | ▲ 59.5% |
| Profit (loss) for the period9904 | €21,527 | €77,524 | €32,012 | €83,101 | €102,996 | ▲ 23.9% |
| Profit (loss) for the period to be appropriated9905 | €21,527 | €77,524 | €32,012 | €83,101 | €102,996 | ▲ 23.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €116,250 | €207,626 | €378,448 | €453,973 | €707,449 | ▲ 55.8% |
| Fixed assets21/28 | €56,677 | €153,283 | €303,202 | €304,753 | €385,989 | ▲ 26.7% |
| Tangible fixed assets22/27 | €56,677 | €151,933 | €301,852 | €303,403 | €385,989 | ▲ 27.2% |
| Land and buildings22 | - | - | €1,371 | €7,065 | €5,595 | ▼ 20.8% |
| Plant, machinery and equipment23 | - | €18,478 | €23,057 | €44,244 | €41,934 | ▼ 5.2% |
| Furniture and vehicles24 | - | €11,140 | €8,066 | €7,848 | €96,007 | ▲ 1,123% |
| Other tangible fixed assets26 | - | €122,315 | €269,358 | €244,246 | €242,452 | ▼ 0.7% |
| Financial fixed assets28 | - | €1,350 | €1,350 | €1,350 | - | - |
| Current assets29/58 | €59,573 | €54,343 | €75,246 | €149,219 | €321,461 | ▲ 115% |
| Stocks and contracts in progress3 | €12,862 | €14,616 | €10,999 | €17,126 | €15,805 | ▼ 7.7% |
| Stocks30/36 | - | €14,616 | €10,999 | €17,126 | €15,805 | ▼ 7.7% |
| Amounts receivable within one year40/41 | €8,927 | €5,595 | €14,474 | €26,890 | €209,985 | ▲ 681% |
| Trade receivables40 | - | €424 | €11 | €18,423 | €80 | ▼ 99.6% |
| Other amounts receivable41 | - | €5,171 | €14,463 | €8,466 | €209,906 | ▲ 2,379% |
| Current investments50/53 | - | - | €1,951 | €13,939 | €1,956 | ▼ 86.0% |
| Cash at bank and in hand54/58 | €37,509 | €33,267 | €47,362 | €88,257 | €88,139 | ▼ 0.1% |
| Deferred charges and accrued income490/1 | - | €864 | €459 | €3,007 | €5,576 | ▲ 85.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €116,250 | €207,626 | €378,448 | €453,973 | €707,449 | ▲ 55.8% |
| Equity10/15 | €79,547 | €157,071 | €189,084 | €215,042 | €261,348 | ▲ 21.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €60,920 | €110,920 | €142,920 | €167,920 | €214,226 | ▲ 27.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €109,060 | €141,060 | €167,920 | €214,226 | ▲ 27.6% |
| Profit (loss) carried forward14 | €27 | €27,551 | €27,564 | €28,522 | €28,522 | = |
| Amounts payable17/49 | €36,703 | €50,555 | €189,364 | €238,930 | €446,101 | ▲ 86.7% |
| Amounts payable after more than one year17 | - | - | €76,890 | €68,918 | €274,123 | ▲ 298% |
| Financial debts170/4 | - | - | €76,890 | €68,918 | €274,123 | ▲ 298% |
| Amounts payable within one year42/48 | €36,703 | €50,555 | €111,909 | €170,013 | €162,653 | ▼ 4.3% |
| Current portion of amounts payable after more than one year42 | - | - | €7,892 | €7,972 | €25,413 | ▲ 219% |
| Financial debts43 | - | - | - | - | €650 | - |
| Credit institutions430/8 | - | - | - | - | €650 | - |
| Trade debts44 | €4,059 | €5,106 | €31,363 | €12,257 | €51,623 | ▲ 321% |
| Suppliers440/4 | - | €5,106 | €31,363 | €12,257 | €51,623 | ▲ 321% |
| Taxes, remuneration and social security45 | - | €43,965 | €31,459 | €66,989 | €39,763 | ▼ 40.6% |
| Taxes450/3 | - | €27,551 | €1,902 | €26,679 | €3,250 | ▼ 87.8% |
| Remuneration and social security454/9 | - | €16,414 | €29,557 | €40,310 | €36,513 | ▼ 9.4% |
| Other amounts payable47/48 | - | €1,485 | €41,194 | €82,794 | €45,203 | ▼ 45.4% |
| Accrued charges and deferred income492/3 | - | - | €565 | - | €9,325 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,527 | €77,524 | €32,012 | €83,101 | €102,996 | ▲ 23.9% |
| + Depreciation and write-downs630 | €14,905 | €15,766 | €35,762 | €39,342 | €57,358 | ▲ 45.8% |
| Operating cash flow (approximation) | €36,432 | €93,290 | €67,775 | €122,443 | €160,354 | ▲ 31.0% |
| Investment in fixed assets (approximation) | - | -€112,372 | -€185,682 | -€40,893 | -€138,594 | ▼ 239% |
| Change in cash | - | -€4,242 | €14,095 | €40,895 | -€118 | ▼ 100% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €102,996 ▲23.9%
Operating result €149,484, net result €102,996, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.98
Current ratio from 0.88 to 1.98; short-term debt falls from €170,013 to €162,653.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €215,042 ▲13.7%
6 profitable years in a row build equity to €215,042.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €150,000Eq €157,071 ▲97.5%
4 profitable years in a row build equity to €157,071.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Antwerpen · 2 establishment units since 2013
Ground area
207 m²
Building footprint
133 m²
Volume, LiDAR
1,890 m³
2 parcels, Flanders · tallest building 19.8 m, ±6 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Tinsel
since 20132.217.630.034
Kasteelpleinstraat 75, 2000 Antwerpen
since 20262.386.600.272
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A1967/00A000 | Flanders | 107 m² | 1 · 76 m² | 13.5 m · 4 fl. |
| 11804D2165/00R010 | Flanders | 100 m² | 1 · 57 m² | 19.8 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.217.630.034
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 7,985 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
Founded20-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
56301Cafés and bars
68201Renting and operating of own or leased residential real estate, excluding social housing
74120Graphic design and visual communication
85599Other education
90201Performing arts by independent artists
E-invoicing
Reachable via Peppol
Peppol ID
0208:0524728824
Also
9925:BE0524728824
Registered
18-10-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.