TIRION · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

For the legal form of TIRION, Checked does not compute a bankruptcy probability. The 2023 annual accounts show equity of €17k and a net result of €11k. Equity is shrinking by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 2576 sector peers (fiscal year 2023). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

1 signal · with evidence

Growing equity

Equity grew over 2021-2023. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 394 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed after the deadline

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 17-10-2024, 78 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	17-10-2024	78 d late	2024-00508592
31-12-2022	31-07-2023	31-08-2023	31 d late	2023-00406415
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20373279
31-12-2020	31-07-2021	20-09-2021	51 d late	2021-67500437
31-12-2019	31-07-2020	20-11-2020	112 d late	2020-71200079
31-12-2018	31-07-2019	14-10-2019	75 d late	2019-69800213
31-12-2017	31-07-2018	30-09-2018	61 d late	2018-67200069
31-12-2016	31-07-2017	26-09-2017	57 d late	2017-62200319
31-12-2015	31-07-2016	31-08-2016	31 d late	2016-51600486
31-12-2014	31-07-2015	29-08-2015	29 d late	2015-49000045

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 1991, 35 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

For this legal form (e.g. co-owners' association, public body or foreign branch) we don't show a bankruptcy probability: some of these forms legally cannot go bankrupt and no reliable figure is possible here.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€11k

Working capital€-48k+20.6%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 17-10-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~9.8%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 82 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	24.0%	51.1%	better than 28% of 2576 sector peers
Net result	€11k	€16k	better than 42% of 2572 sector peers
Equity	€17k	€34k	better than 34% of 2577 sector peers
Gross operating margin	€17k	€34k	better than 34% of 2570 sector peers
Total assets	€69k	€85k	better than 43% of 2578 sector peers

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

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P28

Stable position over 2020-2023 · n=451-2576

Net result P42

Improving position over 2020-2023 · n=450-2572

Equity P34

Stable position over 2020-2023 · n=452-2577

Gross operating margin P34

Improving position over 2020-2023 · n=445-2570

Describes the position versus peers, not a forecast.

EBITDA

€12k

+751.5% 18-23

Net profit

€11k

- 18-23

Cash flow

€12k

+809.6% 18-23

Total assets

€69k

+4.9% 18-23

Equity

€17k

+205.6% 18-23

Working capital

€-48k

+20.6% 18-23

Debt

€53k

-13.2% 18-23

Debt ≤ 1y

€53k

-13.2% 18-23

Show 7 other metrics

Current ratio

0.09

+1182.7% 18-23

Quick ratio

0.09

+1182.7% 18-23

Solvency

24.0%

+191.4% 18-23

Debt / equity

3.16

-71.6% 18-23

ROE

67.3%

- 18-23

ROA

16.2%

- 18-23

Interest coverage

171.63

+1088.7% 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€12k
Net profit	€11k
Cash flow	€12k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€69k
Equity	€17k
Debt	€53k
of which ≤ 1y	€53k
of which > 1y	-
Working capital	€-48k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	0.09
Quick ratio	0.09
Working capital ratio	-68.9%
Solvency	24.0%
Debt / equity	3.16
Long-term debt ratio	-
Interest coverage	171.63
Gross margin	-
Net margin	-
ROA	16.2%
ROE	67.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €64k · 93.0% Current assets €5k · 7.0%

Equity & liabilities

Equity €17k · 24.0% Debt €53k · 76.0%

Full annual accounts (19 line items)

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

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€69k
Fixed assets	21/28	€64k
Tangible fixed assets	22/27	€64k
Current assets	29/58	€5k
Amounts receivable within one year	40/41	€648
Cash & bank	54/58	€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€69k
Equity	10/15	€17k
Contributions / capital	10/11	€221k
Accumulated profits (losses)	14	€-565k
Amounts payable	17/49	€53k
Amounts payable within one year	42/48	€53k
Trade debts payable within one year	44	€11k
Income statement
Gross operating margin	9900	€17k
Operating result	9901	€11k
Financial charges	65	€73
Result before taxes	9903	€11k
Net result for the period	9904	€11k
Result to be appropriated	9905	€11k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

51 / 100 Fair

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Buitenland(BOR) 10, 2880 Bornem

Overige reparaties, n.e.g.

since 19912.055.002.210

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

Parcels1

Ground area318 m²

Buildings1

Building footprint156 m²

Volume (LiDAR)1,073 m³

Tallest building12.5 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
12007A0078/00L003	Flanders	317 m²	1 · 156 m²	12.5 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

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

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

71 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 51

Profitability 100

Solvency 24

Growth 78

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 355 of the 4,568 companies in this sector. 272 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Organisatie van salons, tentoonstellingen en beurzen74872Organisatie van congressen en beurzen82300Beheer van residentiële gebouwen70321Diverse ondersteunende activiteiten ten behoeve van voorzieningen81100

Primary activity highlighted.

Names & trade names

Legal nameNL

TIRION

Registered office

Buitenland(BOR) 10

2880 Bornem, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.