TJ-SOLAR

Active

Private limited companyfounded 20224 yrs activeBrugsken 205, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0786.425.322

The computed 12-month bankruptcy probability of TJ-SOLAR is 2.5% (moderate). The 2024 annual accounts show equity of €164k and a net result of €15k. Its solvency ranks better than 75% of 36375 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

74 / 100

Healthy

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

Axes · tick = 2023

Profitability77▼-23

Solvency94▼-1

Growth52

Track record94

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity ample (current ratio 2.9 against 3.19 in 2023; short-term debt: 30.5% and cash: 79% of total assets), and 31% 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

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

+raises risk○neutral

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

28 d late

2023

351 d late

← 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

€164k▲ 10.2%

2023 · €149k

2023: €149k

2023 → 2024

Total assets

€237k▲ 11.6%

2023 · €213k

2023: €213k

2023 → 2024

Net result

€15k▼ 89.0%

2023 · €139k

2023: €139k

2023 → 2024

Working capital

€137k▼ 1.0%

2023 · €139k

2023: €139k

2023 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20232024Trend

Equity€149k-€164k▲ 10.2%

Operating result€197k-€21k▼ 89.3%

Net result€139k-€15k▼ 89.0%

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

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 89% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €237k

12%

88.4%

Fixed assets €28k▲ 161%

Current assets €210k▲ 3.8%

Equity and liabilities €237k

69.0%

31.0%

Equity €164k▲ 10.2%

Debt €73k▲ 14.7%

The debt ratio rises from 30.1% to 31.0%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€26k▼

2023 · €201k

Cash flow

€21k▼

2023 · €143k

Solvency

69.0%▼

2023 · 69.9%

Current ratio

2.90▼

2023 · 3.19

Quick ratio

2.89▼

2023 · 3.14

Debt / equity

0.45▲

2023 · 0.43

ROE

9.3%▼

2023 · 93.3%

ROA

6.4%▼

2023 · 65.2%

Interest coverage

467.98▼

2023 · 2972.38

Debt

€73k▲

2023 · €64k

Debt ≤ 1 year

€72k▲

2023 · €63k

Income taxes

€6k▼

2023 · €58k

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€213k€237k▲

Fixed assets21/28€11k€28k▲

Tangible fixed assets22/27€10k€27k▲

Plant, machinery and equipment23€3k€2k▼

Furniture and vehicles24€8k€25k▲

Financial fixed assets28€181€181=

Current assets29/58€202k€210k▲

Stocks and contracts in progress3€3k€678▼

Stocks30/36€3k€678▼

Amounts receivable within one year40/41€7k€21k▲

Trade receivables40€7k€20k▲

Other amounts receivable41€111€1k▲

Cash at bank and in hand54/58€191k€187k▼

Deferred charges and accrued income490/1€628€677▲

Equity and liabilities

Total equity and liabilities10/49€213k€237k▲

Equity10/15€149k€164k▲

Contributions10/11€10k€10k=

Reserves13€139k€154k▲

Distributable reserves133€139k€154k▲

Amounts payable17/49€64k€73k▲

Amounts payable within one year42/48€63k€72k▲

Trade debts44€4k€8k▲

Suppliers440/4€4k€8k▲

Taxes, remuneration and social security45€59k€64k▲

Taxes450/3€59k€64k▲

Accrued charges and deferred income492/3€668€1k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲

Other operating charges640/8€673€402▼

Gross operating margin9900€201k€27k▼

Operating profit (loss)9901€197k€21k▼

Financial income75/76B€61€0▼

Recurring financial income75€61€0▼

Financial charges65/66B€68€56▼

Recurring financial charges65€68€56▼

Profit (loss) for the period before taxes9903€197k€21k▼

Income taxes67/77€58k€6k▼

Profit (loss) for the period9904€139k€15k▼

Profit (loss) for the period to be appropriated9905€139k€15k▼

Appropriation of the result

Profit (loss) to be appropriated9906€139k€15k▼

Transfer to equity691/2€139k€15k▼

To other reserves6921€139k€15k▼

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 3Financial 1Filings 2

2025

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

17-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 351 days late

2024

31-12

Financial Equity above €150kEq €164k ▲10.2%

2 profitable years in a row build equity to €164k.

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Sint-Niklaas · 1 establishment unit since 2022

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.

Brugsken 2059100 Sint-Niklaas

Ground area

298 m²

Building footprint

116 m²

Volume, LiDAR

787 m³

Parcel 46445D1561/00G003, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

TJ-SOLAR

Brugsken 205, 9100 Sint-NiklaasRepair, maintenance and installation of machinery and equipment

since 20222.331.842.287

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
46445D1561/00G003	Flanders	298 m²	1 · 116 m²	10.2 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.

Similar companies · same sector, comparable size

Of 9,528 companies in sector 43222 we hold annual accounts for 5,659. 4,890 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-05-2022

Fiscal year end31-12

Activities, NACEBEL

43222Installation of electric heating, air conditioning, cooling and ventilation

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.