Active BE 0644.432.564Private limited company (pre-2019)Open bankruptcy

TIQAH

· 10 yrs active

Sector: Activiteiten van reclamebureaus (73110)

Conclusion Checked

A bankruptcy procedure is open for TIQAH according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €109k and a net result of €42k.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€109k
Net result	€42k
Better than sector	23%
Active	10 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

38 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 8

Profitability 100

Solvency 31

Growth 52

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2021 · computed

8 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 26-10-2022 with the NBB · fiscal year 2021 · micro

Operating resultNet result

Sector comparison

Fiscal year 2021 · NACE 73, Advertising & market research · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	17.6%	50.0%	better than 23% of 824 sector peers
Net result	€42k	€16k	better than 76% of 824 sector peers
Equity	€109k	€34k	better than 81% of 825 sector peers
Gross operating margin	€109k	€33k	better than 85% of 824 sector peers
Staff costs	€0	€24k	higher than 5% of 149 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€94k

+13.0% 18-21

Net profit

€42k

-13.4% 18-21

Cash flow

€61k

-9.7% 18-21

Total assets

€618k

+7.2% 18-21

Equity

€109k

+63.9% 18-21

Working capital

€75k

+150.9% 18-21

Employees (FTE)

1

-20.0% 18-21

Staff costs

€0

- 18-21

Income taxes

€23k

+43.8% 18-21

Debt

€510k

-0.2% 18-21

Debt ≤ 1y

€212k

+7.7% 18-21

Debt > 1y

€297k

-5.1% 18-21

Current ratio

1.36

+17.6% 18-21

Quick ratio

1.36

+17.6% 18-21

Solvency

17.6%

+52.9% 18-21

Debt / equity

4.69

-0.8% 18-21

ROE

39.0%

-47.2% 18-21

ROA

6.9%

-19.2% 18-21

Interest coverage

8.95

- 18-21

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2021
Deposit	micro
Revenue	-
EBITDA	€94k
Net profit	€42k
Cash flow	€61k
Staff costs	€0
Income taxes	€23k
Dividends	-
Total assets	€618k
Equity	€109k
Debt	€510k
of which ≤ 1y	€212k
of which > 1y	€297k
Working capital	€75k
Employees (FTE)	-

Ratios (computed)

	2021
Current ratio	1.36
Quick ratio	1.36
Working capital ratio	12.2%
Solvency	17.6%
Debt / equity	4.69
Long-term debt ratio	2.74
Interest coverage	8.95
Gross margin	-
Net margin	-
ROA	6.9%
ROE	39.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2021

Assets

Fixed assets €331k · 53.5% Current assets €288k · 46.5%

Equity & liabilities

Equity €109k · 17.6% Debt €510k · 82.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€618k
Fixed assets	21/28	€331k
Tangible fixed assets	22/27	€331k
Current assets	29/58	€288k
Amounts receivable within one year	40/41	€238k
Cash & bank	54/58	€500
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€618k
Equity	10/15	€109k
Contributions / capital	10/11	€12k
Reserves	13	€96k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€510k
Amounts payable after one year	17	€297k
Amounts payable within one year	42/48	€212k
Trade debts payable within one year	44	€63k
Income statement
Gross operating margin	9900	€109k
Operating result	9901	€75k
Financial income	75	€865
Financial charges	65	€10k
Result before taxes	9903	€65k
Income taxes	67/77	€23k
Net result for the period	9904	€42k
Result to be appropriated	9905	€42k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71, 9100 SINT-NIKLAAS ↔ Also on 95 other cases	06-02-2024 → present	Belgian State Gazette
Curator	CATHA- RINA ORLENT PR.JOS.CHARLOTTELAAN 71, 9100 SINT-NIKLAAS-	06-02-2024 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van reclamebureaus(73110)
Legal form	Private limited company (pre-2019)(015)
Incorporation	09-12-2015
Status	Active
Postal code	-
First BS signal	12-02-2024
Latest BS signal	12-02-2024

Establishment units 1 location

TIQAH

Victor Kegelsstraat(WIN) 4, 2880 BornemVerwerking van thee en koffie

since 20152.258.109.817

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12015B0387/00V000	Flanders	944 m²	1 · 715 m²	27.4 m · 3 fl.
46443E0360/00C008	Flanders	404 m²	1 · 200 m²	14.6 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024

12-02-2024

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Dendermonde · TIQAH BV DR. VERDURMEN- STRAAT 34, 9100 SINT-NIKLAAS · event 06-02-2024

2022

26-10-2022