TIVACO
ActiveTIVACO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58k and a net result of €10k. Equity is growing by ~25.2% per year across the filed fiscal years. Its solvency ranks better than 26% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
66
/ 100
Healthy▲ +5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▼-17
Solvency44▼-17
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.87 in 2023), and 66.8% 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+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 69
Relative position
BE, all sectors
reference
Sector 69
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33.2%
Return on assets
5.5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
21 d late
2022
30 d late
2021
61 d late
2020
3 d early
2019
21 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€58k▲ 37.3%
2023 · €42k
2018: €13k
2019: €22k
2020: €38k
2021: €47k
2022: €33k
2023: €42k
2018 → 2024
Total assets
€175k▲ 72.8%
2023 · €101k
2018: €64k
2019: €53k
2020: €58k
2021: €59k
2022: €99k
2023: €101k
2018 → 2024
Net result
€10k▲ 1.4%
2023 · €9k
2018: €6k
2019: €10k
2020: €16k
2021: €9k
2022: €10k
2023: €9k
2018 → 2024
Working capital
€-23k▼ 521%
2023 · €-4k
2018: €-13k
2019: €8k
2020: €36k
2021: €44k
2022: €2k
2023: €-4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€38k-€47k▲ 25.2%€33k▼ 30.1%€42k▲ 28.8%€58k▲ 37.3%
Operating result€22k-€14k▼ 33.1%€15k▲ 1.7%€14k▼ 6.5%€24k▲ 70.8%
Net result€16k-€9k▼ 41.0%€10k▲ 3.2%€9k▼ 2.9%€10k▲ 1.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 71% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €175k
Fixed assets
€138k▲ 82.1%
Current assets
€37k▲ 44.9%
Equity and liabilities €175k
Equity
€58k▲ 37.3%
Debt
€117k▲ 98.2%
The debt ratio rises from 58.2% to 66.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€41k▲
2023 · €18k
Cash flow
€28k▲
2023 · €13k
Solvency
33.2%▼
2023 · 41.8%
Current ratio
0.61▼
2023 · 0.87
Quick ratio
0.61▼
2023 · 0.87
Debt / equity
2.01▲
2023 · 1.39
ROE
16.5%▼
2023 · 22.4%
ROA
5.5%▼
2023 · 9.4%
Interest coverage
7.40▼
2023 · 8.24
Debt
€117k▲
2023 · €59k
Debt ≤ 1 year
€60k▲
2023 · €29k
Debt > 1 year
€57k▲
2023 · €30k
Income taxes
€8k▲
2023 · €2k
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€101k€175k▲
Fixed assets21/28€76k€138k▲
Tangible fixed assets22/27€76k€138k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€73k€136k▲
Current assets29/58€26k€37k▲
Amounts receivable within one year40/41€14k€21k▲
Trade receivables40€13k€17k▲
Other amounts receivable41€1k€4k▲
Cash at bank and in hand54/58€2k€16k▲
Deferred charges and accrued income490/1€9k-
Equity and liabilities
Total equity and liabilities10/49€101k€175k▲
Equity10/15€42k€58k▲
Contributions10/11€12k€19k▲
Reserves13€30k€40k▲
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€29k€38k▲
Amounts payable17/49€59k€117k▲
Amounts payable after more than one year17€30k€57k▲
Financial debts170/4€30k€57k▲
Amounts payable within one year42/48€29k€60k▲
Current portion of amounts payable after more than one year42€9k€19k▲
Trade debts44€1k€56▼
Suppliers440/4€1k€56▼
Taxes, remuneration and social security45€19k€10k▼
Taxes450/3€19k€10k▼
Other amounts payable47/48-€31k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€18k▲
Other operating charges640/8€1k€4k▲
Gross operating margin9900€19k€45k▲
Operating profit (loss)9901€14k€24k▲
Financial income75/76B€8€1▼
Recurring financial income75€8€1▼
Financial charges65/66B€2k€6k▲
Recurring financial charges65€2k€6k▲
Profit (loss) for the period before taxes9903€12k€18k▲
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€9k€10k▲
Profit (loss) for the period to be appropriated9905€9k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€10k▲
Transfer to equity691/2€9k€10k▲
To other reserves6921€9k€10k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €16k ▲64.8%
Net result €16k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.36
Current ratio from 1.62 to 3.36.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 1.62
Current ratio from 0.58 to 1.62; short-term debt falls from €31k to €12k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-07
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.
Directors · office · real estate
Directors
4 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, Ninove · 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.
Kerkveld(Den) 69400 NinoveGround area
331 m²
Building footprint
91 m²
Volume, LiDAR
480 m³
Parcel 41012B0594/00P000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tivaco
since 20172.264.566.750
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41012B0594/00P000 | Flanders | 331 m² | 1 · 91 m² | 8.2 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
2023 · 1 entry · 105 EUR awarded · 105 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 105 EUR | 105 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 2,256 companies in sector 69209 we hold annual accounts for 1,089. 800 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded22-03-2007
Fiscal year end31-12
Activities, NACEBEL
69202Legal and accounting activities
69209Other tax advisory services
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.