Summary
TISCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.0m and a net result of €46,852. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 95% of 2413 sector peers (fiscal year 2025). The company has been active since 1927 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-03-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
20 d early
2023
78 d early
2022
62 d early
2021
79 d early
2020
79 d early
2019
78 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 63 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 oldest company in Hamme, Finance and insurance sector
Equity
€1.0m▲ 4.7%
2024 · €992,536
Net result
€46,852▼ 49.9%
2024 · €93,601
Total assets
€1.0m▲ 1.5%
2024 · €1.0m
Solvency
99.6%▲ 3.1pp
2024 · 96.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line20212022202320242025
Operating result€19,011€37,543▲ 97.5%€54,722▲ 45.8%€53,863▼ 1.6%€54,009▲ 0.3%
Net result€51,044within the sector's middle half▲ 2,319%€56,085within the sector's middle half▲ 9.9%€123,374within the sector's middle half▲ 120%€93,601within the sector's middle half▼ 24.1%€46,852within the sector's middle half▼ 49.9%
Equity€5.3mwithin the sector's middle half▲ 1.0%€5.4mwithin the sector's middle half▲ 1.1%€5.5mwithin the sector's middle half▲ 2.3%€992,536within the sector's middle half▼ 81.9%€1.0mwithin the sector's middle half▲ 4.7%
Total assets€5.3mwithin the sector's middle half▲ 0.8%€5.4mwithin the sector's middle half▲ 1.5%€5.5mwithin the sector's middle half▲ 2.7%€1.0mbelow the sector's middle half▼ 81.5%€1.0mbelow the sector's middle half▲ 1.5%
Debt€24,626€49,071▲ 99.3%€36,050▼ 26.5%€4,663▼ 87.1%
Working capital€5.1m€5.3m▲ 2.5%€782,256▼ 85.2%€835,984▲ 6.9%
Solvency100.0%above the sector's middle half▲ 0.2pp99.5%above the sector's middle half▼ 0.5pp99.1%above the sector's middle half▼ 0.4pp96.5%above the sector's middle half▼ 2.6pp99.6%above the sector's middle half▲ 3.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 0% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€203,404 ▼ 3.7%
Current assets
€840,647 ▲ 2.9%
Equity and liabilities €1.0m
Equity
€1.0m ▲ 4.7%
Debt
€4,663 ▼ 87.1%
Debt's share of the balance-sheet total falls from 3.5% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
4.5%▼
2024 · 9.4%
ROA
4.5%▼
2024 · 9.1%
Debt ≤ 1 year
€4,663▼
2024 · €35,076
Income taxes
€22,241▼
2024 · €34,949
A ratio outside any meaningful range has been withheld (balance sheet total €1.0m, equity €1.0m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €102,428 | €123,726 | €128,517 | €128,041 | ▼ 0.4% |
| Other operating income74 | - | €102,428 | €123,726 | €128,517 | €128,041 | ▼ 0.4% |
| Operating charges60/66A | - | €64,885 | €69,005 | €74,654 | €74,032 | ▼ 0.8% |
| Services and other goods61 | - | €15,925 | €16,789 | €20,130 | €17,861 | ▼ 11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,850 | €7,850 | €7,850 | €7,850 | €7,850 | = |
| Other operating charges640/8 | - | €41,110 | €44,366 | €46,674 | €48,321 | ▲ 3.5% |
| Operating profit (loss)9901 | €19,011 | €37,543 | €54,722 | €53,863 | €54,009 | ▲ 0.3% |
| Financial income75/76B | - | €41,253 | €113,833 | €74,988 | €15,430 | ▼ 79.4% |
| Recurring financial income75 | €50,449 | €41,253 | €113,833 | €74,988 | €15,430 | ▼ 79.4% |
| Income from current assets751 | - | €41,253 | €113,833 | €74,988 | €15,430 | ▼ 79.4% |
| Financial charges65/66B | - | €2,324 | €271 | €301 | €345 | ▲ 14.5% |
| Recurring financial charges65 | €1,311 | €2,324 | €271 | €301 | €345 | ▲ 14.5% |
| Debt charges650 | - | - | - | - | €21 | - |
| Other financial charges652/9 | - | €2,324 | €271 | €301 | €324 | ▲ 7.5% |
| Profit (loss) for the period before taxes9903 | €68,150 | €76,473 | €168,284 | €128,550 | €69,093 | ▼ 46.3% |
| Income taxes67/77 | €17,105 | €20,387 | €44,910 | €34,949 | €22,241 | ▼ 36.4% |
| Taxes670/3 | - | €20,387 | €44,910 | €34,949 | €22,241 | ▼ 36.4% |
| Profit (loss) for the period9904 | €51,044 | €56,085 | €123,374 | €93,601 | €46,852 | ▼ 49.9% |
| Profit (loss) for the period to be appropriated9905 | €51,044 | €56,085 | €123,374 | €93,601 | €46,852 | ▼ 49.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.3m | €5.4m | €5.5m | €1.0m | €1.0m | ▲ 1.5% |
| Fixed assets21/28 | €234,803 | €226,953 | €219,103 | €211,254 | €203,404 | ▼ 3.7% |
| Tangible fixed assets22/27 | €234,186 | €226,336 | €218,486 | €210,636 | €202,787 | ▼ 3.7% |
| Land and buildings22 | - | €171,992 | €171,992 | €171,992 | €171,992 | = |
| Plant, machinery and equipment23 | - | €54,344 | €46,494 | €38,644 | €30,795 | ▼ 20.3% |
| Financial fixed assets28 | €617 | €617 | €617 | €617 | €617 | = |
| Other financial fixed assets284/8 | - | €617 | €617 | €617 | €617 | = |
| Amounts receivable and cash guarantees285/8 | - | €617 | €617 | €617 | €617 | = |
| Current assets29/58 | €5.1m | €5.2m | €5.3m | €817,332 | €840,647 | ▲ 2.9% |
| Amounts receivable after more than one year29 | - | €4.5m | €4.6m | - | - | - |
| Other amounts receivable291 | - | €4.5m | €4.6m | - | - | - |
| Amounts receivable within one year40/41 | €2,950 | €8,500 | €20,000 | €7,430 | €34,299 | ▲ 362% |
| Trade receivables40 | - | €8,500 | €20,000 | €7,430 | €17,572 | ▲ 137% |
| Other amounts receivable41 | - | - | - | - | €16,727 | - |
| Current investments50/53 | - | - | - | €700,000 | €700,000 | = |
| Other investments51/53 | - | - | - | €700,000 | €700,000 | = |
| Cash at bank and in hand54/58 | €1.1m | €610,175 | €683,886 | €89,929 | €89,852 | ▼ 0.1% |
| Deferred charges and accrued income490/1 | - | €52,803 | €23,261 | €19,974 | €16,496 | ▼ 17.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.3m | €5.4m | €5.5m | €1.0m | €1.0m | ▲ 1.5% |
| Equity10/15 | €5.3m | €5.4m | €5.5m | €992,536 | €1.0m | ▲ 4.7% |
| Contributions10/11 | €428,787 | €428,787 | €428,787 | €428,787 | €428,787 | = |
| Capital10 | - | €428,787 | €428,787 | €428,787 | €428,787 | = |
| Issued capital100 | - | €428,787 | €428,787 | €428,787 | €428,787 | = |
| Revaluation surpluses12 | - | €70,624 | - | - | - | - |
| Reserves13 | €4.8m | €4.9m | €5.1m | €563,748 | €610,600 | ▲ 8.3% |
| Non-distributable reserves130/1 | - | €42,879 | €42,879 | €42,879 | €42,879 | = |
| Legal reserve130 | - | €42,879 | €42,879 | €42,879 | €42,879 | = |
| Tax-exempt reserves132 | - | - | €70,624 | €70,624 | €70,624 | = |
| Distributable reserves133 | - | €4.8m | €5.0m | €450,245 | €497,097 | ▲ 10.4% |
| Amounts payable17/49 | - | €24,626 | €49,071 | €36,050 | €4,663 | ▼ 87.1% |
| Amounts payable within one year42/48 | - | €24,626 | €49,071 | €35,076 | €4,663 | ▼ 86.7% |
| Trade debts44 | - | €4,226 | €4,170 | €1,108 | €4,663 | ▲ 321% |
| Suppliers440/4 | - | €4,226 | €4,170 | €1,108 | €4,663 | ▲ 321% |
| Taxes, remuneration and social security45 | - | €20,400 | €44,901 | €33,968 | - | - |
| Taxes450/3 | - | €20,400 | €44,901 | €33,968 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €974 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,044 | €56,085 | €123,374 | €93,601 | €46,852 | ▼ 49.9% |
| + Depreciation and write-downs630 | €7,850 | €7,850 | €7,850 | €7,850 | €7,850 | = |
| Operating cash flow (approximation) | €58,894 | €63,935 | €131,223 | €101,451 | €54,702 | ▼ 46.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€0 | - |
| Change in cash | - | -€448,871 | €73,711 | -€593,957 | -€77 | ▲ 100.0% |
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
17-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Liquidity times 8current ratio 180.29
Current ratio from 23.30 to 180.29; short-term debt falls from €35,076 to €4,663.
30-09
Financial
Equity above €1mEq €1.0m ▲4.7%
8 profitable years in a row build equity to €1.0m.
10-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €123,374 ▲120%
Operating result €54,722, net result €123,374, both a record.
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
10-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Weakest financial yearnet €2,110 ▼80.1%
Net result drops to €2,110, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 10current ratio 6237.06
Current ratio from 639.30 to 6237.06; short-term debt falls from €7,865 to €807.
12-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Hamme (Vl.) · 1 establishment unit since 1927
Ground area
3.0 ha
Building footprint
1.1 ha
Volume, LiDAR
68,360 m³
Parcel 42452C0101/00D000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TISCO
since 19272.003.027.234
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42452C0101/00D000 | Flanders | 3.0 ha | 1 · 1.1 ha | 9.2 m · 2 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.
Structure & network
Owners and holdings
1 ownerOwners 1
- ECAparentSourceaccounts ECA 202599%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 12,593 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-09-1927
Fiscal year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0405055865
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.