Tissabo

Active

Public limited companyfounded 1988active for 37 yearsKortrijkstraat 130, 8770 Ingelmunster, BelgiumKBO/BCE: BE 0436.347.768

Summary

The computed 12-month bankruptcy probability of Tissabo is 2.8% (moderate). The 2024 annual accounts show equity of €929,904 and a net result of -€53,634. Equity is growing by about 3.5% per year across the filed financial years. Its solvency ranks better than 22% of 9,538 sector peers (NACE 47, financial year 2024). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

TissaboActiveChecked score 50/100

Risk analysis Report Compare

Activity

Other non-specialised retail sale

NACE 47120Retail sale of household textiles and bedding NACE 47512

7th largest company by total assets in Ingelmunster, Wholesale and retail trade sector3 sites

Size

€6.4mtotal assets 2024

Staff: 3 FTE
Equity: €929,904
Loss: -€53,634

Turnover not published (abbreviated or micro format)

Financial health

50 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 2.8%

Structure

Decock CatherineDaily manager
Deketelaere NicolasDirector

Accounts 85 days overdue1 of 4 deeds read

Why 50raises riskFigures for financial year 2024 (filed 18-12-2025)Liquidity: current ratio 0.84, cash €255,180Equity €929,904 (14.6% of total assets)lowers riskFounded in 1988Show the evidence

Checked score

Score 2024

50 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 31% of its sector peers (NACE 47, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Weak

Solvency 40-5

equity 14.6% of total assets

Liquidity 15-9

short-term debt 74.8% · cash 4.0%

Profitability 68+33

return on assets -0.8%

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,222 companies, NACE 47, micro)

Last 24 months 11-2024: 4.6%highest value 12-2024: 4.6%● unchanged vs 11-2024highest value 01-2025: 4.6%● unchanged vs 12-2024highest value 02-2025: 4.6%● unchanged vs 01-2025highest value 03-2025: 4.6%● unchanged vs 02-2025highest value 04-2025: 4.6%● unchanged vs 03-2025highest value 05-2025: 4.6%● unchanged vs 04-2025highest value 06-2025: 4.6%● unchanged vs 05-2025highest value 07-2025: 4.6%● unchanged vs 06-2025highest value 08-2025: 4.3%▼ -0.3 percentage points vs 07-2025 09-2025: 4.3%● unchanged vs 08-2025 10-2025: 4.3%● unchanged vs 09-2025 11-2025: 4.3%● unchanged vs 10-2025 12-2025: 4.3%● unchanged vs 11-2025 01-2026: 1.1%▼ -3.2 percentage points vs 12-2025lowest value 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.2%▲ +0.1 percentage points vs 03-2026 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.3%▲ +0.1 percentage points vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026 08-2026: 1.9%▲ +0.5 percentage points vs 07-2026 09-2026: 2.3%▲ +0.4 percentage points vs 08-2026 10-2026: 2.8%▲ +0.5 percentage points vs 09-2026

Credit of up to €45,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity insufficient (current ratio 0.84, compared with 0.8 in 2023, below 1; short-term debt: 74.8% and cash: 4% of total assets), and 85.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 31% on solvency, 14% on liquidity, 48% on profitability and 30% on growth.

The bankruptcy probability was computed on 23-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Eight signals.

lowers riskraises risk

Figures for financial year 2024 (filed 18-12-2025)

NBB · annual accounts

Liquidity: current ratio 0.84, cash €255,180

NBB · annual accounts

Founded in 1988

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €929,904 (14.6% of total assets)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year -€53,634

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9538 sector peers (2024).

NBB · sector comparison

Position among 9538 sector peers

Solvency

better than 22%

← weakest strongest →

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 85 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline24-10-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-12-2025, 138 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

138 days late

2023

502 days late

2022

867 days late

2021

85 days late

2020

106 days late

2019

114 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 302 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

16-12-2025 Annual accounts filedfinancial year 2024 · abbreviated…
15-12-2025 Annual accounts filedfinancial year 2023 · abbreviated…
14-12-2025 Annual accounts filedfinancial year 2022 · abbreviated…

Key points

Caution: Among the weakest 9% on net resultsector median €44,682 · 9,540 companies -€53,634 View
Caution: Accounts not fileddeadline was 31-07-2026 85 days late View
Caution: 2 loss-making years in a rowloss financial year 2024 -€53,634 View

By topic

Financials

Financial year: 2024
Total assets: €6.4m
Loss: -€53,634
Solvency: 14.6%

Total assets▲ 29.9%

Net result

20182024

Go to Financials

Board & ownership

Board: 2 members

Decock CatherineDaily manager
Deketelaere NicolasDirector

Go to Board & ownership

Timeline

Events: 32
Since: 1992

11-03-2025Reappointments: Deketelaere Nicolas (director) and Decock Catherine…
31-12-2024Weakest financial year
31-12-2022Highest result from 2018 to 2024

Go to Timeline

Company details

Sites: 3

Legal form: Public limited company
Activity: Other non-specialised retail saleNACE 47120
Founded: 28-12-1988
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about Tissabo

What is the company number of Tissabo?: 0436.347.768. In Belgium the VAT number is the company number with BE in front: BE 0436.347.768.
Where is Tissabo based?: The registered office is at Kortrijkstraat 130, 8770 Ingelmunster.Company details
What does Tissabo do?: According to the KBO register, the main activity is other non-specialised retail sale (NACE 47120).
What is the legal form of Tissabo?: Public limited company (NV).
When was Tissabo founded?: On 28-12-1988.
Is Tissabo still active?: Yes, Tissabo is an active enterprise in the KBO register.
How many employees does Tissabo have?: On average 3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of Tissabo?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is Tissabo profitable?: In financial year 2024, Tissabo made a loss of €53,634.
Where can I find the annual accounts of Tissabo?: Tissabo filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2024.