TiQo Coating
ActiveThe computed 12-month bankruptcy probability of TiQo Coating is 2.3% (moderate). The 2025 annual accounts show negative equity (€-196k) and a net result of €-37k. Equity is shrinking by ~26% per year across the filed fiscal years. Its solvency ranks better than 5% of 1030 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
27
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▲+11
Solvency1▼-8
Growth58=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.79 against 0.85 in 2024; short-term debt: 67.1% and cash: 2.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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
-24.3%
Return on assets
-4.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-196k
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 20-07-2026, 11 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
11 d early
2024
27 d late
2023
10 d early
2022
28 d early
2021
29 d late
2020
30 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-196k▼ 23.4%
2024 · €-159k
2020: €-57k
2021: €-74k
2022: €-121k
2023: €-93k
2024: €-159k
2020 → 2025
Total assets
€806k▼ 18.5%
2024 · €990k
2020: €1.11M
2021: €1.10M
2022: €1.06M
2023: €1.05M
2024: €990k
2020 → 2025
Net result
€-37k▲ 43.7%
2024 · €-66k
2020: €-77k
2021: €-17k
2022: €-47k
2023: €29k
2024: €-66k
2020 → 2025
Working capital
€-114k▼ 23.2%
2024 · €-93k
2020: €37k
2021: €4k
2022: €-39k
2023: €-25k
2024: €-93k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-74k-€-121k▼ 63.4%€-93k▲ 23.6%€-159k▼ 71.2%€-196k▼ 23.4%
Operating result€599-€-27k€55k€-32k€-10k▲ 68.9%
Net result€-17k-€-47k▼ 171%€29k€-66k€-37k▲ 43.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2025 against €32k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €806k
Fixed assets
€379k▼ 19.3%
Current assets
€427k▼ 17.8%
Key figures and ratios
EBITDA
€79k▲
2024 · €61k
Cash flow
€52k▲
2024 · €28k
Solvency
-24.3%▼
2024 · -16.0%
Current ratio
0.79▼
2024 · 0.85
Quick ratio
0.65▼
2024 · 0.73
Debt / equity
-5.12▲
2024 · -7.23
ROA
-4.6%▲
2024 · -6.7%
Interest coverage
2.93▲
2024 · 1.83
Debt
€1.00M▼
2024 · €1.15M
Debt ≤ 1 year
€541k▼
2024 · €612k
Debt > 1 year
€457k▼
2024 · €526k
Staff costs
€571k▼
2024 · €577k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€990k€806k▼
Fixed assets21/28€470k€379k▼
Intangible fixed assets21€113€0▼
Tangible fixed assets22/27€469k€379k▼
Plant, machinery and equipment23€367k€313k▼
Furniture and vehicles24€17k€13k▼
Leasing and similar rights25€36k€0▼
Other tangible fixed assets26€50k€52k▲
Financial fixed assets28€145€145=
Current assets29/58€520k€427k▼
Stocks and contracts in progress3€70k€75k▲
Stocks30/36€70k€75k▲
Amounts receivable within one year40/41€371k€307k▼
Trade receivables40€370k€306k▼
Other amounts receivable41€1k€979▼
Cash at bank and in hand54/58€58k€19k▼
Deferred charges and accrued income490/1€20k€26k▲
Equity and liabilities
Total equity and liabilities10/49€990k€806k▼
Equity10/15€-159k€-196k▼
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-179k€-216k▼
Amounts payable17/49€1.15M€1.00M▼
Amounts payable after more than one year17€526k€457k▼
Financial debts170/4€476k€407k▼
Other amounts payable178/9€50k€50k=
Amounts payable within one year42/48€612k€541k▼
Current portion of amounts payable after more than one year42€82k€83k▲
Financial debts43€150k€182k▲
Credit institutions430/8€150k€182k▲
Trade debts44€246k€156k▼
Suppliers440/4€246k€156k▼
Taxes, remuneration and social security45€76k€63k▼
Taxes450/3€21k€24k▲
Remuneration and social security454/9€55k€38k▼
Other amounts payable47/48€59k€59k▲
Accrued charges and deferred income492/3€9k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€577k€571k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€94k€89k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€4k€25k▲
Gross operating margin9900€645k€677k▲
Operating profit (loss)9901€-32k€-10k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€34k€27k▼
Recurring financial charges65€34k€27k▼
Profit (loss) for the period before taxes9903€-66k€-37k▲
Profit (loss) for the period9904€-66k€-37k▲
Profit (loss) for the period to be appropriated9905€-66k€-37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-179k€-216k▼
Profit (loss) brought forward from the previous period14P€-113k€-179k▼
Social balance
Average headcount (FTE)90879.88.4▼
The notes to these accounts (28 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €29k
Net result €29k after 3 loss-making years.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kapellen · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Klinkaardstraat 2102950 KapellenGround area
66 m²
Parcel 11023A0605/00K000, Flanders. Linked by address, not a title deed.
1 establishment unit
TiQo Coating
since 20192.290.529.492
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023A0605/00K000indicative | Flanders | 66 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 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
2024 to 2025 · 2 entries · 2,029 EUR awarded · 2,029 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,827 EUR | 1,827 EUR |
| 2024 | 1 | 202 EUR | 202 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 710 companies in sector 25510 we hold annual accounts for 409. 198 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-06-2019
Fiscal year end31-12
Activities, NACEBEL
25510Coating of metals
25610Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.