TITP

Active

Private limited companyfounded 20188 yrs activeRue du Planois 10, 7090 Braine-le-Comte, BelgiumKBO/BCE: BE 0701.836.570

TITP has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €275k and a net result of €153k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 18% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

63 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability84▼-14

Solvency47▼-6

Growth78=

Track record100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €17k at 30 days acceptable

Liquidity short (current ratio 0.74 against 1.41 in 2023; short-term debt: 70.3% and cash: 2% of total assets), and 78.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 20786 sector peers (2024).

NBB · sector comparison

Position among 20786 sector peers

Solvency

better than 18%

← weakest strongest →

Growing equity

Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.

NBB · annual accounts 2024

Equity per financial year

192021222324

2019 to 2024 · latest year €275k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-10-2025, 89 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

89 d late

2023

62 d early

2022

45 d early

2021

36 d late

2020

60 d late

2019

31 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€275k▲ 125%

2023 · €122k

2019: €9k 2020: €-3k 2021: €-652 2022: €19k 2023: €122k

2019 → 2024

Total assets

€1.26M▲ 185%

2023 · €441k

2019: €69k 2020: €90k 2021: €122k 2022: €169k 2023: €441k

2019 → 2024

Net result

€153k▲ 48.6%

2023 · €103k

2019: €3k 2020: €-13k 2021: €3k 2022: €20k 2023: €103k

2019 → 2024

Working capital

€-230k

2023 · €109k

2019: €1k 2020: €-8k 2021: €1k 2022: €5k 2023: €109k

2019 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-3k-€-652▲ 81.3%€19k€122k▲ 538%€275k▲ 125%

Operating result€-9k-€3k€25k▲ 768%€161k▲ 541%€230k▲ 43.0%

Net result€-13k-€3k€20k▲ 598%€103k▲ 420%€153k▲ 48.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2024 is 43% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.26M

48.1%

51.9%

Fixed assets €604k▲ 842%

Current assets €652k▲ 73.1%

Equity and liabilities €1.26M

21.9%

73.1%

Equity €275k▲ 125%

Provisions €63k

Debt €918k▲ 188%

The debt ratio rises from 72.3% to 73.1%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€249k▲

2023 · €178k

Cash flow

€172k▲

2023 · €121k

Solvency

21.9%▼

2023 · 27.7%

Current ratio

0.74▼

2023 · 1.41

Quick ratio

0.74▼

2023 · 1.41

Debt / equity

3.34▲

2023 · 2.61

ROE

55.6%▼

2023 · 84.3%

ROA

12.2%▼

2023 · 23.3%

Interest coverage

18.16▼

2023 · 35.09

Debt

€918k▲

2023 · €319k

Debt ≤ 1 year

€882k▲

2023 · €268k

Debt > 1 year

€35k▼

2023 · €51k

Income taxes

€63k▲

2023 · €54k

Staff costs

€393k▲

2023 · €173k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€441k€1.26M▲

Fixed assets21/28€64k€604k▲

Intangible fixed assets21-€553k

Tangible fixed assets22/27€64k€51k▼

Furniture and vehicles24€63k€50k▼

Other tangible fixed assets26€1k€952▼

Current assets29/58€377k€652k▲

Amounts receivable after more than one year29€30k€30k=

Other amounts receivable291€30k€30k=

Amounts receivable within one year40/41€317k€570k▲

Trade receivables40€269k€421k▲

Other amounts receivable41€49k€149k▲

Current investments50/53€5k€7k▲

Cash at bank and in hand54/58€19k€25k▲

Deferred charges and accrued income490/1€5k€21k▲

Equity and liabilities

Total equity and liabilities10/49€441k€1.26M▲

Equity10/15€122k€275k▲

Contributions10/11€6k€6k=

Profit (loss) carried forward14€116k€269k▲

Provisions and deferred taxes16-€63k

Provisions for liabilities and charges160/5-€63k

Other liabilities and charges164/5-€63k

Amounts payable17/49€319k€918k▲

Amounts payable after more than one year17€51k€35k▼

Financial debts170/4€42k€26k▼

Other amounts payable178/9€9k€9k=

Amounts payable within one year42/48€268k€882k▲

Current portion of amounts payable after more than one year42€16k€53k▲

Financial debts43-€152k

Credit institutions430/8-€134k

Other loans439-€17k

Trade debts44€8k€193k▲

Suppliers440/4€8k€193k▲

Taxes, remuneration and social security45€244k€457k▲

Taxes450/3€193k€288k▲

Remuneration and social security454/9€50k€168k▲

Other amounts payable47/48€895€28k▲

Accrued charges and deferred income492/3-€157

Income statement Code20232024

Remuneration, social security and pensions62€173k€393k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€19k▲

Other operating charges640/8€8k-

Gross operating margin9900€359k€642k▲

Operating profit (loss)9901€161k€230k▲

Financial income75/76B€1k€16▼

Recurring financial income75€1k€16▼

Financial charges65/66B€5k€14k▲

Recurring financial charges65€5k€14k▲

Profit (loss) for the period before taxes9903€157k€216k▲

Income taxes67/77€54k€63k▲

Profit (loss) for the period9904€103k€153k▲

Profit (loss) for the period to be appropriated9905€103k€153k▲

Appropriation of the result

Profit (loss) to be appropriated9906€116k€269k▲

Profit (loss) brought forward from the previous period14P€13k€116k▲

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 5Filings 6

2025

28-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 89 days late

2024

31-12

Financial Highest result since 2019net €153k ▲48.6%

Operating result €230k, net result €153k, both a record.

31-12

Financial Equity above €200kEq €275k ▲125%

4 profitable years in a row build equity to €275k.

30-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Equity above €100kEq €122k ▲538%

3 profitable years in a row build equity to €122k.

16-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

05-09

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 36 days late

2021

31-12

Financial Back to profitnet €3k

Net result €3k after one loss-making year.

29-09

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 60 days late

2020

31-12

Financial Weakest financial yearnet €-13k ▼514%

Net result drops to €-13k, the lowest in the series; recovery starts the following year.

30-06

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

no sitting director, no change since 2024

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

25-01-2024 Resigned as Director

Location & real-estate footprint

Registered office, Braine-le-Comte · 1 establishment unit since 2018

establishment The establishment unit on the map

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.

Rue du Planois 107090 Braine-le-Comte

Ground area

1,870 m²

Building footprint

215 m²

Parcel 55016C0158/00H000, Wallonia. Linked by address, not a title deed.