TISIE
TISIE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €2k. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 3462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
| Equity | €48k |
| Net result | €2k |
| Better than sector | 23% |
| Active | 23 yrs |
Fragile profile, watch solvency in particular.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 2.7% | 29.8% | |
| Net result | €2k | €11k | |
| Equity | €48k | €90k | |
| Gross operating margin | €48k | €260k | |
| Total assets | €1.81M | €375k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €45k | €40k | €-3k | €49k | €34k |
| Net profit | €2k | €64 | €-4k | €36k | €27k |
| Cash flow | €4k | €2k | €-3k | €36k | €31k |
| Staff costs | - | - | - | - | - |
| Income taxes | €217 | €195 | €21 | €14k | €2k |
| Dividends | - | - | - | - | - |
| Total assets | €1.81M | €1.75M | €535k | €104k | €161k |
| Equity | €48k | €46k | €46k | €50k | €14k |
| Debt | €1.76M | €1.71M | €489k | €54k | €147k |
| of which ≤ 1y | €794k | €726k | €489k | €54k | €147k |
| of which > 1y | €966k | €981k | - | - | - |
| Working capital | €-696k | €-686k | €42k | €50k | €13k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.12 | 0.06 | 1.09 | 1.92 | 1.09 |
| Quick ratio | 0.12 | 0.06 | 1.09 | 1.92 | 1.09 |
| Working capital ratio | -38.4% | -39.1% | 7.9% | 47.8% | 8.2% |
| Solvency | 2.7% | 2.6% | 8.5% | 48.2% | 8.8% |
| Debt / equity | 36.62 | 37.42 | 10.73 | 1.07 | 10.39 |
| Long-term debt ratio | 20.09 | 21.50 | - | - | - |
| Interest coverage | 1.10 | 1.05 | -7.54 | 116.10 | 106.09 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.1% | 0.0% | -0.8% | 34.6% | 16.9% |
| ROE | 5.1% | 0.1% | -9.6% | 71.7% | 192.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.81M | €1.75M | €535k | €104k | €161k |
| Fixed assets | 21/28 | €1.71M | €1.71M | €3k | €417 | €907 |
| Tangible fixed assets | 22/27 | €499 | €2k | €3k | €352 | €842 |
| Financial fixed assets | 28 | €1.71M | €1.71M | €65 | €65 | €65 |
| Current assets | 29/58 | €99k | €41k | €531k | €103k | €160k |
| Amounts receivable within one year | 40/41 | €83k | €6k | €23k | €97k | €153k |
| Cash & bank | 54/58 | €16k | €34k | €8k | €5k | €5k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.81M | €1.75M | €535k | €104k | €161k |
| Equity | 10/15 | €48k | €46k | €46k | €50k | €14k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €11k | €11k | €11k | €11k | €11k |
| Accumulated profits (losses) | 14 | €18k | €16k | €16k | €20k | €-16k |
| Amounts payable | 17/49 | €1.76M | €1.71M | €489k | €54k | €147k |
| Amounts payable after one year | 17 | €966k | €981k | - | - | - |
| Amounts payable within one year | 42/48 | €794k | €726k | €489k | €54k | €147k |
| Trade debts payable within one year | 44 | €3k | €2k | €10k | €27k | €7k |
| Income statement | ||||||
| Gross operating margin | 9900 | €48k | €44k | €-2k | €53k | €35k |
| Operating result | 9901 | €43k | €39k | €-4k | €49k | €30k |
| Financial income | 75 | €28 | - | - | €1k | €143 |
| Financial charges | 65 | €41k | €38k | €368 | €423 | €319 |
| Result before taxes | 9903 | €3k | €259 | €-4k | €49k | €30k |
| Income taxes | 67/77 | €217 | €195 | €21 | €14k | €2k |
| Net result for the period | 9904 | €2k | €64 | €-4k | €36k | €27k |
| Result to be appropriated | 9905 | €2k | €64 | €-4k | €36k | €27k |
Former directors (1)
-
Andrzej POLCZYKDirectorState Gazette act 23010080 (20-01-2023)Former- → 20-01-2023
| NACE primary | Limited-service restaurants, excluding mobile food services(56112) |
| Legal form | Private limited company(610) |
| Incorporation | 25-11-2002 |
| Status | Active |
| Postal code | 7390 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53065A0467/00K005 | Wallonia | 1.4 ha | 1 · 4,269 m² | 8.5 m · 2 fl. |
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
12-04-2024 Registered office moved from La Louvière to Quaregnon
- Rue Camille Lemonnier(L.L) 3 : 7100 La Louvière → 7390 Quaregnon, Zoning du Brulé 53
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "7390 Quaregnon, Zoning du Brul\u00E9 53",
"city": "Quaregnon",
"region": null,
"street": null,
"country": "BE",
"postcode": null,
"box_number": null,
"street_number": null,
"locality_suffix": null
},
"old_address": {
"raw": "Rue Camille Lemonnier(L.L) 3 : 7100 La Louvi\u00E8re",
"city": "La Louvi\u00E8re",
"region": "waals_gewest",
"street": "Rue Camille Lemonnier",
"country": "BE",
"postcode": "7100",
"box_number": null,
"street_number": "3",
"locality_suffix": "(L.L)"
},
"effective_date": null,
"evidence_quote": "",
"region_changed": true,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "not_specified",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": true,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Arnaud WILLEMS",
"firm_city": null,
"firm_name": null,
"office_city": "Jurbise",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2024-04-12",
"filing_date": "2024-04-10",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2024-04-04",
"unanimous": true
},
"subject_company": {
"kbo": "0478.828.028",
"name_full": "TISIE",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": []
}20-01-2023 Andrzej POLCZYK resigns as director
- Andrzej POLCZYK, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "Andrzej POLCZYK",
"address": "7420 Braine-L\u0027alleud, Rue Longue 27 Bo\u00EEte J3",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e g\u00E9n\u00E9rale prend acte et accepte la d\u00E9mission en tant qu\u0027administrateur de Monsieur Andrzej POLCZYK, domicili\u00E9 \u00E0 7420 Braine-L\u0027alleud, Rue Longue 27 Bo\u00EEte J3. D\u00E9charge-lui est donn\u00E9e pour sa gestion.",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2023-01-20",
"filing_date": null,
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2022-09-30",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0478.828.028",
"name_full": "TISIE",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "SCHEMBRI Giovanni",
"org_rep_person_name": null,
"person_role_at_subject": "Administrateur"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameFR | TISIE |