TITECA ACCOUNTANCY WAREGEM
ActiveTITECA ACCOUNTANCY WAREGEM has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €226k and a net result of €86k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 3184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+11
Solvency39▼-7
Growth84▲+4
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.97 in 2024; short-term debt: 75.3% and cash: 7.7% of total assets), and 85.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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
14.3%
Return on assets
5.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 3184 sector peers (2025).
NBB · sector comparisonPosition among 3184 sector peers
Solvency
better than 18%
← weakest
strongest →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
14 d early
2023
13 d early
2022
13 d early
2021
31 d early
2020
18 d late
2019
11 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.30M▲ 39.3%
2024 · €1.65M
2018: €680k
2019: €744k
2020: €809k
2021: €971k
2022: €1.14M
2023: €1.90M
2024: €1.65M
2018 → 2025
EBIT margin
5.8%▲ 1.3pp
2024 · 4.5%
2018: -3.4%
2019: 3.0%
2020: 17.3%
2021: 17.8%
2022: 9.7%
2023: 10.2%
2024: 4.5%
2018 → 2025
Net result
€86k▲ 212%
2024 · €27k
2018: €-22k
2019: €14k
2020: €118k
2021: €158k
2022: €107k
2023: €162k
2024: €27k
2018 → 2025
Working capital
€-35k▼ 25.6%
2024 · €-28k
2018: €79k
2019: €99k
2020: €125k
2021: €171k
2022: €58k
2023: €-264k
2024: €-28k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€971k-€1.14M▲ 17.5%€1.90M▲ 66.7%€1.65M▼ 13.2%€2.30M▲ 39.3%
Equity€238k-€242k▲ 1.6%€265k▲ 9.8%€286k▲ 7.8%€226k▼ 20.9%
Operating result€173k-€111k▼ 35.9%€195k▲ 75.7%€75k▼ 61.6%€133k▲ 78.2%
Net result€158k-€107k▼ 32.3%€162k▲ 51.8%€27k▼ 83.1%€86k▲ 212%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 78% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€425k▼ 12.0%
Current assets
€1.16M▲ 34.1%
Equity and liabilities €1.58M
Equity
€226k▼ 20.9%
Debt
€1.36M▲ 27.9%
The debt ratio rises from 78.8% to 85.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€198k▲
2024 · €138k
Cash flow
€150k▲
2024 · €91k
Solvency
14.3%▼
2024 · 21.2%
Current ratio
0.97▲
2024 · 0.97
Quick ratio
0.97▲
2024 · 0.97
Debt / equity
5.99▲
2024 · 3.71
ROE
37.8%▲
2024 · 9.6%
ROA
5.4%▲
2024 · 2.0%
Interest coverage
6.62▲
2024 · 4.47
Debt
€1.36M▲
2024 · €1.06M
Debt ≤ 1 year
€1.19M▲
2024 · €890k
Debt > 1 year
€151k▼
2024 · €169k
Income taxes
€17k▲
2024 · €15k
Staff costs
€517k▲
2024 · €424k
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€1.35M€1.58M▲
Fixed assets21/28€484k€425k▼
Tangible fixed assets22/27€484k€425k▼
Furniture and vehicles24€76k€68k▼
Other tangible fixed assets26€407k€358k▼
Financial fixed assets28€0-
Other financial fixed assets284/8€0-
Amounts receivable and cash guarantees285/8€0-
Current assets29/58€862k€1.16M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€787k€927k▲
Trade receivables40€766k€904k▲
Other amounts receivable41€21k€22k▲
Cash at bank and in hand54/58€69k€122k▲
Deferred charges and accrued income490/1€6k€108k▲
Equity and liabilities
Total equity and liabilities10/49€1.35M€1.58M▲
Equity10/15€286k€226k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€224k€165k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€218k€159k▼
Amounts payable17/49€1.06M€1.36M▲
Amounts payable after more than one year17€169k€151k▼
Financial debts170/4€169k€151k▼
Credit institutions173€169k€151k▼
Amounts payable within one year42/48€890k€1.19M▲
Current portion of amounts payable after more than one year42€18k€18k▲
Financial debts43€3k€8k▲
Other loans439€3k€8k▲
Trade debts44€213k€228k▲
Suppliers440/4€213k€228k▲
Advances received on contracts in progress46€267k€254k▼
Taxes, remuneration and social security45€42k€138k▲
Taxes450/3€419€64k▲
Remuneration and social security454/9€42k€74k▲
Other amounts payable47/48€346k€545k▲
Accrued charges and deferred income492/3€550€13k▲
Income statement
Code20242025
Operating income70/76A€1.67M€2.32M▲
Turnover70€1.65M€2.30M▲
Other operating income74€14k€21k▲
Non-recurring operating income76A€6k€0▼
Operating charges60/66A€1.59M€2.19M▲
Goods for resale, raw materials and consumables60€24k€253k▲
Purchases600/8€24k€253k▲
Services and other goods61€1.08M€1.33M▲
Remuneration, social security and pensions62€424k€517k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€63k€64k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€7k▲
Other operating charges640/8€7k€10k▲
Operating profit (loss)9901€75k€133k▲
Financial income75/76B€15€111▲
Recurring financial income75€15€111▲
Income from current assets751-€63
Other financial income752/9€15€48▲
Financial charges65/66B€32k€30k▼
Recurring financial charges65€32k€30k▼
Debt charges650€31k€30k▼
Other financial charges652/9€1k€493▼
Profit (loss) for the period before taxes9903€43k€103k▲
Income taxes67/77€15k€17k▲
Taxes670/3€30k€25k▼
Tax adjustments and reversals of tax provisions77€15k€8k▼
Profit (loss) for the period9904€27k€86k▲
Profit (loss) for the period to be appropriated9905€27k€86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€86k▲
Transfer from equity791/2-€85k
From reserves792-€85k
Transfer to equity691/2€21k€25k▲
To other reserves6921€21k€25k▲
Profit to be distributed694/7€7k€145k▲
Return on contributions (dividend)694-€85k
Directors or managers695€0€50k▲
Employees696€7k€10k▲
Social balance
Average headcount (FTE)90876.57.7▲
The notes to these accounts (49 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
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €162k ▲51.8%
Operating result €195k, net result €162k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200kEq €238k ▲33.3%
3 profitable years in a row build equity to €238k.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 18 days late
2020
31-12
Financial
Equity above €150kEq €179k ▲27.1%
2 profitable years in a row build equity to €179k.
11-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 11 days late
2019
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Waregem · 1 establishment unit since 1998
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.
Henri Lebbestraat 608790 WaregemGround area
1,107 m²
Building footprint
270 m²
Volume, LiDAR
1,673 m³
Parcel 34040C1192/00F000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TITECA ACCOUNTANCY WAREGEM
since 19982.259.645.781
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1192/00F000 | Flanders | 1,107 m² | 1 · 270 m² | 9.2 m · 2 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
2022 to 2025 · 4 entries · 4,857 EUR awarded · 4,641 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,244 EUR | 1,736 EUR |
| 2024 | 1 | 1,443 EUR | 1,483 EUR |
| 2023 | 1 | 799 EUR | 1,051 EUR |
| 2022 | 1 | 371 EUR | 371 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 39,332 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-02-1992
Fiscal year end31-12
Activities, NACEBEL
69201Certified accountants and tax accountants
70200Business and other management consultancy
70220Business consulting
74142
69202Legal and accounting activities
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info@titeca.be
Phone:056/609257
Fax:056/610352