TITANS
ActiveSummary
TITANS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €923,642 and a net result of €55,893. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 56% of 2837 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability67▼-1
Solvency74▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.09 in 2023; short-term debt: 34% and cash: 1.6% of total assets), and 51.3% of the assets are financed with debt.
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Signals
Four 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
20 d early
2021
30 d late
2020
80 d late
2019
90 d 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 50 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€923,642▲ 6.4%
2023 · €867,750
Total assets
€1.9m▼ 10.6%
2023 · €2.1m
Net result
€55,893▲ 0.5%
2023 · €55,639
Working capital
€118,978▲ 55.0%
2023 · €76,747
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€91,192▼ 30.8%€32,872▼ 64.0%€107,210▲ 226%€114,622▲ 6.9%€126,751▲ 10.6%
Net result€54,486within the sector's middle half▼ 29.4%€16,217within the sector's middle half▼ 70.2%€107,004within the sector's middle half▲ 560%€55,639within the sector's middle half▼ 48.0%€55,893within the sector's middle half▲ 0.5%
Equity€748,890above the sector's middle half▲ 7.8%€765,106above the sector's middle half▲ 2.2%€812,110above the sector's middle half▲ 6.1%€867,750above the sector's middle half▲ 6.9%€923,642above the sector's middle half▲ 6.4%
Total assets€1.4mabove the sector's middle half▼ 24.5%€1.6mabove the sector's middle half▲ 9.9%€1.6mwithin the sector's middle half▲ 4.0%€2.1mabove the sector's middle half▲ 31.2%€1.9mabove the sector's middle half▼ 10.6%
Debt€666,223▼ 43.5%€789,397▲ 18.5%€805,144▲ 2.0%€1.3m▲ 55.8%€974,135▼ 22.3%
Working capital€526,623above the sector's middle half▲ 4.8%€475,620above the sector's middle half▼ 9.7%€544,724above the sector's middle half▲ 14.5%€76,747within the sector's middle half▼ 85.9%€118,978within the sector's middle half▲ 55.0%
Solvency52.9%within the sector's middle half▲ 15.9pp49.2%within the sector's middle half▼ 3.7pp50.2%within the sector's middle half▲ 1.0pp40.9%within the sector's middle half▼ 9.3pp48.7%within the sector's middle half▲ 7.8pp
Current ratio2.00within the sector's middle half▲ 0.471.63within the sector's middle half▼ 0.371.71within the sector's middle half▲ 0.071.09within the sector's middle half▼ 0.611.18within the sector's middle half▲ 0.09
Return on assets (ROA)3.9%within the sector's middle half▼ 0.3pp1.0%within the sector's middle half▼ 2.8pp6.6%within the sector's middle half▲ 5.6pp2.6%within the sector's middle half▼ 4.0pp2.9%within the sector's middle half▲ 0.3pp
Staff (FTE)10.5within the sector's middle half▼ 32.7%12.3within the sector's middle half▲ 17.1%14.9above the sector's middle half▲ 21.1%15.2above the sector's middle half▲ 2.0%17.4above the sector's middle half▲ 14.5%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 11% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.1m ▼ 5.5%
Current assets
€765,014 ▼ 17.1%
Equity and liabilities €1.9m
Equity
€923,642 ▲ 6.4%
Debt
€974,135 ▼ 22.3%
Debt's share of the balance-sheet total falls from 59.1% to 51.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€200,620▲
2023 · €175,145
Cash flow
€129,761▲
2023 · €116,163
Debt to equity
1.05▼
2023 · 1.45
ROE
6.1%▼
2023 · 6.4%
Interest coverage
5.30▼
2023 · 5.51
Debt ≤ 1 year
€646,036▼
2023 · €846,364
Debt > 1 year
€319,025▼
2023 · €407,665
Income taxes
€33,065▼
2023 · €37,485
Staff costs
€980,166▲
2023 · €958,886
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €822 | €496 | ▼ 39.7% |
| Remuneration, social security and pensions62 | - | €726,644 | €888,942 | €958,886 | €980,166 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,132 | €54,744 | €47,933 | €60,523 | €73,869 | ▲ 22.1% |
| Other operating charges640/8 | - | €10,227 | €9,345 | €7,709 | €12,865 | ▲ 66.9% |
| Non-recurring operating charges66A | - | - | €754 | - | - | - |
| Gross operating margin9900 | €654,512 | €824,487 | €1.1m | €1.1m | €1.2m | ▲ 4.5% |
| Operating profit (loss)9901 | €91,192 | €32,872 | €107,210 | €114,622 | €126,751 | ▲ 10.6% |
| Financial income75/76B | - | €9,566 | €71,137 | €10,305 | €73 | ▼ 99.3% |
| Recurring financial income75 | €7,522 | €9,566 | €71,137 | €10,305 | €73 | ▼ 99.3% |
| Financial charges65/66B | - | €7,302 | €7,681 | €31,802 | €37,866 | ▲ 19.1% |
| Recurring financial charges65 | €11,599 | €7,302 | €7,681 | €31,802 | €37,866 | ▲ 19.1% |
| Profit (loss) for the period before taxes9903 | €87,115 | €35,136 | €170,665 | €93,124 | €88,957 | ▼ 4.5% |
| Income taxes67/77 | €32,629 | €18,920 | €63,661 | €37,485 | €33,065 | ▼ 11.8% |
| Profit (loss) for the period9904 | €54,486 | €16,217 | €107,004 | €55,639 | €55,893 | ▲ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €54,486 | €16,217 | €107,004 | €55,639 | €55,893 | ▲ 0.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.6m | €1.6m | €2.1m | €1.9m | ▼ 10.6% |
| Fixed assets21/28 | €362,036 | €326,045 | €300,351 | €1.2m | €1.1m | ▼ 5.5% |
| Tangible fixed assets22/27 | €362,036 | €326,045 | €300,351 | €1.2m | €1.1m | ▼ 5.5% |
| Land and buildings22 | - | €294,247 | €272,186 | €1.1m | €1.1m | ▼ 2.5% |
| Plant, machinery and equipment23 | - | - | - | €32,416 | €18,205 | ▼ 43.8% |
| Furniture and vehicles24 | - | €21,070 | €22,801 | €73,225 | €48,846 | ▼ 33.3% |
| Leasing and similar rights25 | - | €10,728 | €5,364 | - | - | - |
| Current assets29/58 | €1.1m | €1.2m | €1.3m | €923,111 | €765,014 | ▼ 17.1% |
| Amounts receivable within one year40/41 | €971,700 | €1.2m | €1.3m | €872,477 | €718,056 | ▼ 17.7% |
| Trade receivables40 | - | €493,233 | €660,113 | €699,552 | €541,301 | ▼ 22.6% |
| Other amounts receivable41 | - | €698,227 | €623,688 | €172,925 | €176,755 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €80,908 | €36,536 | €32,367 | €47,609 | €30,418 | ▼ 36.1% |
| Deferred charges and accrued income490/1 | - | €462 | €735 | €3,025 | €16,540 | ▲ 447% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.6m | €1.6m | €2.1m | €1.9m | ▼ 10.6% |
| Equity10/15 | €748,890 | €765,106 | €812,110 | €867,750 | €923,642 | ▲ 6.4% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €648,890 | €665,106 | €712,110 | €767,750 | €823,642 | ▲ 7.3% |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | - | €655,106 | €702,110 | €757,750 | €813,642 | ▲ 7.4% |
| Amounts payable17/49 | €666,223 | €789,397 | €805,144 | €1.3m | €974,135 | ▼ 22.3% |
| Amounts payable after more than one year17 | €139,770 | €36,558 | €15,169 | €407,665 | €319,025 | ▼ 21.7% |
| Financial debts170/4 | - | €36,558 | €15,169 | €407,665 | €319,025 | ▼ 21.7% |
| Amounts payable within one year42/48 | €526,453 | €752,838 | €772,179 | €846,364 | €646,036 | ▼ 23.7% |
| Current portion of amounts payable after more than one year42 | - | €163,211 | €102,116 | €142,560 | €177,163 | ▲ 24.3% |
| Financial debts43 | - | €200,000 | €200,000 | €100,779 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €200,000 | €200,000 | €100,779 | €0 | ▼ 100% |
| Trade debts44 | €185,664 | €245,139 | €266,083 | €286,373 | €250,649 | ▼ 12.5% |
| Suppliers440/4 | - | €245,139 | €266,083 | €286,373 | €250,649 | ▼ 12.5% |
| Taxes, remuneration and social security45 | - | €144,488 | €203,981 | €248,969 | €91,314 | ▼ 63.3% |
| Taxes450/3 | - | €58,511 | €82,326 | €111,553 | €16,658 | ▼ 85.1% |
| Remuneration and social security454/9 | - | €85,977 | €121,655 | €137,416 | €74,655 | ▼ 45.7% |
| Other amounts payable47/48 | - | - | - | €67,684 | €126,910 | ▲ 87.5% |
| Accrued charges and deferred income492/3 | - | - | €17,795 | €0 | €9,075 | ▲ 1,930,679% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,486 | €16,217 | €107,004 | €55,639 | €55,893 | ▲ 0.5% |
| + Depreciation and write-downs630 | €51,132 | €54,744 | €47,933 | €60,523 | €73,869 | ▲ 22.1% |
| Operating cash flow (approximation) | €105,618 | €70,961 | €154,937 | €116,163 | €129,761 | ▲ 11.7% |
| Investment in fixed assets (approximation) | - | -€18,752 | -€22,239 | -€958,841 | -€7,964 | ▲ 99.2% |
| Change in cash | - | -€44,372 | -€4,170 | €15,242 | -€17,191 | ▼ 213% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €16,217 ▼70.2%
Net result drops to €16,217, the lowest in the series; recovery starts the following year.
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 80 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 90 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2005
Ground area
159 m²
Building footprint
159 m²
Volume, LiDAR
1,135 m³
Parcel 44062B0299/00F002, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Titans
since 20052.147.429.550
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0299/00F002 | Flanders | 159 m² | 1 · 159 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,996 companies in this sector we hold annual accounts for 18,400. 8,955 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded26-05-2005
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
64210Activities of holding companies
78100Employment placement agencies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874069275
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.