Tissubel
ActiveTissubel has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €98k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 37% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▼-11
Solvency61▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.81 in 2024; short-term debt: 58.5% and cash: 45.2% of total assets), but 63.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
36.3%
Return on assets
16.2%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-02-2026, 1 day late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 7 filingsDeviation from the deadline
2025
1 d late
2024
on the day
2023
29 d early
2022
1 d early
2021
3 d early
2020
41 d early
2019
2 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€221k▼ 10.0%
2024 · €246k
2019: €159k
2020: €228k
2021: €319k
2022: €329k
2023: €232k
2024: €246k
2019 → 2025
Total assets
€609k▲ 4.5%
2024 · €582k
2019: €420k
2020: €329k
2021: €401k
2022: €566k
2023: €574k
2024: €582k
2019 → 2025
Net result
€98k▼ 34.8%
2024 · €151k
2019: €153k
2020: €69k
2021: €91k
2022: €24k
2023: €104k
2024: €151k
2019 → 2025
Working capital
€242k▼ 4.9%
2024 · €254k
2019: €155k
2020: €237k
2021: €332k
2022: €309k
2023: €236k
2024: €254k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€319k-€329k▲ 3.0%€232k▼ 29.4%€246k▲ 5.8%€221k▼ 10.0%
Operating result€120k-€32k▼ 73.7%€148k▲ 368%€198k▲ 34.1%€131k▼ 34.2%
Net result€91k-€24k▼ 73.1%€104k▲ 324%€151k▲ 45.9%€98k▼ 34.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €609k
Fixed assets
€11k▼ 13.7%
Current assets
€598k▲ 4.9%
Equity and liabilities €609k
Equity
€221k▼ 10.0%
Debt
€388k▲ 15.1%
The debt ratio rises from 57.8% to 63.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€132k▼
2024 · €200k
Cash flow
€100k▼
2024 · €153k
Solvency
36.3%▼
2024 · 42.2%
Current ratio
1.68▼
2024 · 1.81
Quick ratio
0.89▼
2024 · 1.12
Debt / equity
1.75▲
2024 · 1.37
ROE
44.5%▼
2024 · 61.5%
ROA
16.2%▼
2024 · 25.9%
Interest coverage
11.75▼
2024 · 43.05
Debt
€388k▲
2024 · €337k
Debt ≤ 1 year
€356k▲
2024 · €316k
Income taxes
€43k▼
2024 · €49k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€582k€609k▲
Fixed assets21/28€13k€11k▼
Tangible fixed assets22/27€13k€11k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€570k€598k▲
Stocks and contracts in progress3€216k€280k▲
Stocks30/36€216k€280k▲
Amounts receivable within one year40/41€199k€43k▼
Trade receivables40€184k€32k▼
Other amounts receivable41€15k€11k▼
Cash at bank and in hand54/58€150k€275k▲
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€582k€609k▲
Equity10/15€246k€221k▼
Contributions10/11€19k€19k=
Reserves13€226k€201k▼
Distributable reserves133€226k€201k▼
Profit (loss) carried forward14€970€1k▲
Amounts payable17/49€337k€388k▲
Amounts payable within one year42/48€316k€356k▲
Trade debts44€30k€40k▲
Suppliers440/4€30k€40k▲
Taxes, remuneration and social security45€25k€20k▼
Taxes450/3€25k€20k▼
Other amounts payable47/48€260k€296k▲
Accrued charges and deferred income492/3€21k€31k▲
Income statement
Code20242025
Non-recurring operating income76A€3k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€3k€1k▼
Gross operating margin9900€203k€133k▼
Operating profit (loss)9901€198k€131k▼
Financial income75/76B€6k€23k▲
Recurring financial income75€6k€23k▲
Financial charges65/66B€5k€11k▲
Recurring financial charges65€5k€11k▲
Profit (loss) for the period before taxes9903€200k€142k▼
Income taxes67/77€49k€43k▼
Profit (loss) for the period9904€151k€98k▼
Profit (loss) for the period to be appropriated9905€151k€98k▼
Appropriation of the result
Profit (loss) to be appropriated9906€152k€99k▼
Profit (loss) brought forward from the previous period14P€1k€970▼
Transfer from equity791/2-€123k
Transfer to equity691/2€1k€98k▲
To other reserves6921€1k€98k▲
Profit to be distributed694/7€150k€123k▼
Return on contributions (dividend)694€150k€123k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 1 day late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €24k ▼73.1%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 3.76
Current ratio from 1.60 to 3.76; short-term debt falls from €261k to €86k.
30-06
Financial
Equity above €200kEq €228k ▲43.3%
2 profitable years in a row build equity to €228k.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Moorslede · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Meensesteenweg 2608890 MoorsledeGround area
1.4 ha
Building footprint
703 m²
Volume, LiDAR
5,416 m³
Parcel 36003A0464/00N000, Flanders · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Tissubel
since 20172.267.505.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36003A0464/00N000 | Flanders | 1.4 ha | 1 · 703 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 4,099 EUR awarded · 4,099 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,090 EUR | 2,090 EUR |
| 2024 | 1 | 2,009 EUR | 2,009 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 598 companies in sector 13929 we hold annual accounts for 236. 182 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-2017
Fiscal year end30-06
Activities, NACEBEL
13929Manufacture of textiles
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46419Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.