TISCO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

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 €1.04M and a net result of €47k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 94% of 216 sector peers (fiscal year 2025). The company has been active since 1927 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Signals

2 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 94% of 216 peers (2025). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result 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

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. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 30-09. 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 30-09-2025, that is 30-04-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-09-2025	30-04-2026	17-03-2026	44 d early	2026-00056794
30-09-2024	30-04-2025	25-03-2025	36 d early	2025-00055090
30-09-2023	30-04-2024	12-02-2024	78 d early	2024-00029832
30-09-2022	30-04-2023	27-02-2023	62 d early	2023-00033934
30-09-2021	30-04-2022	10-02-2022	79 d early	2022-05300392
30-09-2020	30-04-2021	10-02-2021	79 d early	2021-05100431
30-09-2019	30-04-2020	12-02-2020	78 d early	2020-04900154
30-09-2018	30-04-2019	13-02-2019	76 d early	2019-05000092
30-09-2017	30-04-2018	05-02-2018	84 d early	2018-04500109
30-09-2016	30-04-2017	13-02-2017	76 d early	2017-04400496

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 1927, 98 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

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Financials

Equity€1.04M+4.7%

Net result€47k-49.9%

Total assets€1.04M+1.5%

Solvency99.6%+3.1pp

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 17-03-2026 with the NBB · fiscal year 2025 · volledig

Operating resultNet result

Trajectory (indicative)

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

stable Equity: stable across 8 fiscal years (±0.2%/year).

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 2025 · NACE 64, Financial services · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	99.6%	55.4%	better than 94% of 216 sector peers
Net result	€47k	€65k	better than 46% of 216 sector peers
Equity	€1.04M	€3.31M	better than 38% of 216 sector peers
Total assets	€1.04M	€6.77M	better than 21% of 216 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 P94

Stable position over 2020-2025 · n=129-678

Net result P46

Stable position over 2020-2025 · n=129-677

Equity P38

Weakening position over 2020-2025 · n=129-678

Total assets P21

Weakening position over 2020-2025 · n=129-678

Describes the position versus peers, not a forecast.

Net profit

€47k

-49.9% 18-25

Total assets

€1.04M

+1.5% 18-25

Equity

€1.04M

+4.7% 18-25

Income taxes

€22k

-36.4% 18-25

Dividends

€4.60M

- 18-25

Debt

€5k

-87.1% 18-25

Debt ≤ 1y

€5k

-86.7% 18-25

Solvency

99.6%

+3.2% 18-25

ROE

4.5%

-52.2% 18-25

ROA

4.5%

-50.7% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	n/a
EBITDA	n/a
Net profit	€47k
Cash flow	n/a
Staff costs	-
Income taxes	€22k
Dividends	-
Total assets	€1.04M
Equity	€1.04M
Debt	€5k
of which ≤ 1y	€5k
of which > 1y	-
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	99.6%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	4.5%
ROE	4.5%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2025

Assets

Fixed assets €203k · 19.5% Current assets €841k · 80.5%

Equity & liabilities

Equity €1.04M · 99.6% Debt €5k · 0.5%

Full annual accounts

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

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.04M
Fixed assets	21/28	€203k
Tangible fixed assets	22/27	€203k
Financial fixed assets	28	€617
Current assets	29/58	€841k
Amounts receivable within one year	40/41	€34k
Investments	50/53	€700k
Cash & bank	54/58	€90k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.04M
Equity	10/15	€1.04M
Contributions / capital	10/11	€429k
Reserves	13	€611k
Amounts payable	17/49	€5k
Amounts payable within one year	42/48	€5k
Trade debts payable within one year	44	€5k
Income statement
Operating result	9901	€54k
Financial income	75	€15k
Financial charges	65	€345
Result before taxes	9903	€69k
Income taxes	67/77	€22k
Net result for the period	9904	€47k
Result to be appropriated	9905	€47k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

Model not applicable to financial institutions

The health 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.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

3 companies at this address See who is registered here

Establishment units

1 location

TISCO

Zwaarveld 33, 9220 Hamme (Vl.)de vervaardiging van etiketten, insignes, badges, enz.

since 19272.003.027.234

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

Parcels1

Ground area3.0 ha

Buildings1

Building footprint1.1 ha

Volume (LiDAR)68,360 m³

Tallest building9.2 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.
42452C0101/00D000	Flanders	3.0 ha	1 · 1.1 ha	9.2 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

Belgisch Staatsblad · acts

2 acts

All acts · 2 updated 2 years ago

2024

05-01-2024 Articles of association amended, translation of the articles, coordination of the articles and full restatement of the articles Statutes amendment·Cédric Roegiers

Summary: De vennootschap heeft tot voorwerp de fabricatie van en handel in lint, band, singles en weefsels, inclusief voorbereidende en nabehandelende activiteiten, alsook alle artikelen dienend voor de breigo…Notary: Cédric Roegiers · Vrasene

Original publication ↗

2004

19-03-2004 Publication in the Belgian Official Gazette, Minor change Minor change

Summary: Officer designation

Original publication ↗

Analysis

Snowflake analysis

financial profile on 5 axes

64 / 100

Strong profile, led by solvency.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 23

Solvency 100

Growth 32

Stability 100

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