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 financial years (±0% per year). Its solvency ranks better than 95% of 3,015 sector peers (NACE 64, financial year 2025). The company has been active since 1927 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €1.0m
- Profit
- €46,852
- Parent
- ECA · 99%
- Luc ChristiaenManaging director
- Martine ChristiaenDirector
- Nicky ChristiaenDirector
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average 63 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Liquidity more than 7 timescurrent ratio 180.29
- Equity above €1mequity €1.0m ▲4.7%
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result recovers in 2025; 2025 is 0% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Return on assets (ROA).
| Line | 2019 | 2020 | 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 | €605 | €7,850 | €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 | -€84,641 | -€90,360 | €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 | €95,576 | €93,563 | €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 | €331 | €286 | €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 | €10,603 | €2,917 | €68,150 | €76,473 | €168,284 | €128,550 | €69,093 | ▼ 46.3% |
| Income taxes67/77 | - | €807 | €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 | €10,603 | €2,110 | €51,044 | €56,085 | €123,374 | €93,601 | €46,852 | ▼ 49.9% |
| Profit (loss) for the period to be appropriated9905 | €10,603 | €2,110 | €51,044 | €56,085 | €123,374 | €93,601 | €46,852 | ▼ 49.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €5.3m | €5.3m | €5.3m | €5.4m | €5.5m | €1.0m | €1.0m | ▲ 1.5% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.7% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 3.7% |
| Land and buildings22 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Plant, machinery and equipment23 | - | - | - | €0.05m | €0.05m | €0.04m | €0.03m | ▼ 20.3% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Other financial fixed assets284/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Current assets29/58 | €5.0m | €5.0m | €5.1m | €5.2m | €5.3m | €0.8m | €0.8m | ▲ 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 | - | - | €0.003m | €0.009m | €0.02m | €0.007m | €0.03m | ▲ 362% |
| Trade receivables40 | - | - | - | €0.009m | €0.02m | €0.007m | €0.02m | ▲ 137% |
| Other amounts receivable41 | - | - | - | - | - | - | €0.02m | - |
| Current investments50/53 | - | - | - | - | - | €0.7m | €0.7m | = |
| Other investments51/53 | - | - | - | - | - | €0.7m | €0.7m | = |
| Cash at bank and in hand54/58 | €0.2m | €1.0m | €1.1m | €0.6m | €0.7m | €0.09m | €0.09m | ▼ 0.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.05m | €0.02m | €0.02m | €0.02m | ▼ 17.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €5.3m | €5.3m | €5.3m | €5.4m | €5.5m | €1.0m | €1.0m | ▲ 1.5% |
| Equity10/15 | €5.3m | €5.3m | €5.3m | €5.4m | €5.5m | €1.0m | €1.0m | ▲ 4.7% |
| Contributions10/11 | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Capital10 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Issued capital100 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Revaluation surpluses12 | - | - | - | €0.07m | - | - | - | - |
| Reserves13 | €4.8m | €4.8m | €4.8m | €4.9m | €5.1m | €0.6m | €0.6m | ▲ 8.3% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Tax-exempt reserves132 | - | - | - | - | €0.07m | €0.07m | €0.07m | = |
| Distributable reserves133 | - | - | - | €4.8m | €5.0m | €0.5m | €0.5m | ▲ 10.4% |
| Profit (loss) carried forward14 | €0.04m | - | - | - | - | - | - | - |
| Amounts payable17/49 | €0.008m | €0.009m | - | €0.02m | €0.05m | €0.04m | €0.005m | ▼ 87.1% |
| Amounts payable within one year42/48 | €0.008m | €0.001m | - | €0.02m | €0.05m | €0.04m | €0.005m | ▼ 86.7% |
| Trade debts44 | - | - | - | €0.004m | €0.004m | €0.001m | €0.005m | ▲ 321% |
| Suppliers440/4 | - | - | - | €0.004m | €0.004m | €0.001m | €0.005m | ▲ 321% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.04m | €0.03m | - | - |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €0.03m | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.001m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,603 | €2,110 | €51,044 | €56,085 | €123,374 | €93,601 | €46,852 | ▼ 49.9% |
| + Depreciation and write-downs630 | €605 | €7,850 | €7,850 | €7,850 | €7,850 | €7,850 | €7,850 | = |
| Operating cash flow (approximation) | €11,208 | €9,960 | €58,894 | €63,935 | €131,223 | €101,451 | €54,702 | ▼ 46.1% |
| Investment in fixed assets (approximation) | - | -€5,957 | €0 | €0 | €0 | €0 | -€0 | - |
| Change in cash | - | €780,392 | €45,561 | -€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.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | full format | 17-03-2026 | 2026-00056794 |
| 30-09-2024 | full format | 10-04-2025 | 2025-00068434 |
| 30-09-2023 | full format | 12-02-2024 | 2024-00029832 |
| 30-09-2022 | full format | 27-02-2023 | 2023-00033934 |
| 30-09-2021 | full format | 10-02-2022 | 2022-05300392 |
| 30-09-2020 | full format | 10-02-2021 | 2021-05100431 |
| 30-09-2019 | full format | 12-02-2020 | 2020-04900154 |
| 30-09-2018 | full format | 13-02-2019 | 2019-05000092 |
| 30-09-2017 | full format | 05-02-2018 | 2018-04500109 |
| 30-09-2016 | full format | 13-02-2017 | 2017-04400496 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Luc Christiaen |
|
| Martine Christiaen |
|
| Nicky Christiaen |
|
Owners and capital
Owners
1 ownerOwners 1
- ECAparentSourceaccounts ECA 202599%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
11-01
Gazette deed
Reappointment: Peter Leyns (statutory auditor)2 facts ▸
- General meeting, 09-01-2023
- Auditor reappointment, Peter Leyns (statutory auditor)
11-01
Gazette deed
Reappointments: Martine Christiaen, Luc Christiaen and Nicky Christiaen6 facts ▸
- General meeting, 10-01-2022
- Director reappointment, Martine Christiaen (director)
- Director reappointment, Luc Christiaen (director)
- Director reappointment, Nicky Christiaen (director)
- Board meeting, 13-12-2021
- Director reappointment, Luc Christiaen (managing director)
05-01
Gazette deed
Amendment of the articlesCapital contribution · Registered office clause4 facts ▸
- General meeting, 19-12-2023
- Amendment of the articles (2 times)
- Capital contribution
- Registered office clause, “9220 Hamme,Zwaarveld 33” (deed in Dutch)
Show earlier events
About the unread acts
Of the 14 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42452C0101/00D000 | Flanders | 3.0 ha | 1 · 1.1 ha | 9.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De fabricatie van en handel in: lint,band,singles en weefsels in de breedste zin zo van kwaliteit als samenstelling insluitend de…” (deed in Dutch)
Text of the purpose (deed in Dutch)
“De fabricatie van en handel in: lint,band,singles en weefsels in de breedste zin zo van kwaliteit als samenstelling insluitend de voorbereidende activiteiten en de nabehandelingen van deze artikelen,alsook van alle artikels dienend voor de breigoednijverheid en van welkdanige activiteit welke direct of indirect iets te maken heeft met deze industrie of handel.”
- Name clauseThe name the company operates under according to its articles.
- TISCO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Verder kan de raad van bestuur één of meerdere directeurs aanduiden, en tevens welbepaalde bevoegdheden met betrekking tot het stellen van…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Eenvoudige meerderheid van aanwezige en vertegenwoordigde aandelen, 3” (deed in Dutch)“Algemene vergadering kan afwijken bij gewone meerderheid van stemmen, onbezoldigd” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Monday of January at 15:00