Financials
- Financial year
- 2025
- Turnover
- €14.1m
- Profit
- €3.4m
- Solvency
- 25.0%
Turnover▼ 34.2%
Net result
20182025
TITECA
ActiveSummary
TITECA has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.2m and a net result of €3.4m. Equity is growing by about 7.3% per year across the filed financial years. Its solvency ranks better than 43% of 1,056 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Activity
Certified accountants and tax accountants
NACE 69201
2nd largest company by total assets in West Flanders, Legal and accounting sector1 site
Size
€14.1mturnover 2025
- Staff
- 31.3 FTE
- Equity
- €10.2m
- Profit
- €3.4m
Net result +1,679%: merger
Structure
- Board
- 9 members
- Holdings
- 20
- És LegalDaily manager · permanent representative Jurka Vanthournout
Accounts 17 days early
Why 80raises risk2 changes of registered office in 24 monthsLiquidity: current ratio 0.65, cash €1.4mlowers riskSector: Legal and accounting activities (NACE 69)Size: turnover €14.1m, 31.3 FTE, total assets €40.7mShow the evidence
Checked score
Score 2025
80
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 29% of its sector peers (NACE 69, small)
Financial strength · tick = 2024
Average
Solvency
50+2
equity 25.0% of total assets
Liquidity
31+4
short-term debt 48.0% · cash 3.4%
Profitability
70+40
return on assets 8.4%
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%lowest value
12-2024: 0.2%● unchanged vs 11-2024lowest value
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.7%▲ +0.5 percentage points vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.6%▼ -0.1 percentage points vs 01-2026
03-2026: 0.7%▲ +0.1 percentage points vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.8%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026highest value
08-2026: 0.5%▼ -0.3 percentage points vs 07-2026
09-2026: 0.4%▼ -0.1 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €800,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.65, compared with 0.75 in 2024, below 1; short-term debt: 48% and cash: 3.4% of total assets), and 75% 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 69, small): better than 31% on solvency, 10% on liquidity, 26% on profitability and 49% on growth.
The bankruptcy probability was computed on 18-10-2026 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
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2024
3 days early
2023
13 days early
2022
13 days early
2021
12 days early
2020
19 days late
2019
14 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median (NACE 69) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
19-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2018 to 2025net €3.4m ▲1,679%
- Equity above €10mequity €10.2m ▲47.4%
Key points
- Result rose in 2025merger with Bofisc Holding ▲ 1,679% View
- Positive: Among the best 5% on net resultsector median €120,887 · 1,049 companies €3.4m View
- 2 restructurings since 2025latest: merger with Bofisc Holding 2 View
- Heads a groupcompanies controlled 21 View
- Positive: 8 profitable years in a rowprofit 2025: €3.4m 8 years View
- Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
- Flemish supportawarded from 2022 to 2025 €61,695 View
By topic
Board & ownership
- Board
- 9 members
- BV Vercruysse FrankDirector
- Blomme Accountancy CommVDirector
- BV TiemacDirector
- Focus nyDirector
- ANTERMOIADirector
and 4 other directors
Network & group
- Subsidiaries
- 21
- Holdings
- 20
- Connected companies
- 8
- Mergers and asset contributions
- 3
21 subsidiaries
Timeline
- Events
- 48
- Since
- 2008
- Next accounts
- by 31-07-2027
- 08-10-2025Registered office · Miscellaneous
- 31-07-2025Capital & shares · Restructuring
- 30-07-2025Resignations & appointments · Restructuring
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Certified accountants and tax accountantsNACE 69201
- Founded
- 05-07-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 24
- Annual meeting
- First Monday of June at 14:00
- Purpose
- “De juridische dienstverlening in verband met de werkzaamheden van beroepsbeoefenaar; Het…” (deed in Dutch)
- Statutory auditor
- No statutory auditor
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