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TJS

Active
Private limited companyfounded 20215 yrs activeBlerebergstraat 49, 3390 Tielt-Winge, BelgiumKBO/BCE: BE 0766.890.413
Summary

The computed 12-month bankruptcy probability of TJS is 4.8% (elevated). The 2024 annual accounts show negative equity (-€84,370) and a net result of -€15,572. Its solvency ranks better than 5% of 2092 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2022
Profitability0=
Solvency0▼-19
Growth32
Track record94
Bankruptcy probability, 12 months
4.8% Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 3.27 in 2022; short-term debt: 473.9% and cash: 7.2% of total assets), and equity is negative.
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024
Solvency, return and age of the figures
Solvency
-411.6%
Return on assets
-76%
Age of the figures
21 mo
raises risk · 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
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
2224
2022 to 2024 · latest year -€84,370
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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
31 d late
2022
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 31 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · 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

History

On 19 April 2021, TJS was incorporated as a Private limited company.1 Total assets went from EUR 46,151 in 2022 to EUR 20,499 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
-€84,370▼ 2,854%
2022 · -€2,856
Total assets
€20,499▼ 55.6%
2022 · €46,151
Net result
-€15,572▼ 43.4%
2022 · -€10,856
Working capital
-€84,559
2022 · €27,371
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.

Available amounts per fiscal year
Line20222024
Operating result-€8,561--€13,530-
Net result-€10,856below the sector's middle half--€15,572below the sector's middle half-
Equity-€2,856below the sector's middle half--€84,370below the sector's middle half-
Total assets€46,151below the sector's middle half-€20,499below the sector's middle half-
Debt€49,007-€104,869-
Working capital€27,371within the sector's middle half--€84,559below the sector's middle half-
Solvency-6.2%below the sector's middle half--411.6%below the sector's middle half-
Current ratio3.27above the sector's middle half-0.13below the sector's middle half-
Return on assets (ROA)-23.5%below the sector's middle half--76.0%below the sector's middle half-
above within below the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: -€8,561-€8,561Net result 2022: -€10,856-€10,856Operating result 2024: -€13,530-€13,530Net result 2024: -€15,572-€15,57220222024-€20,000-€15,000-€10,000-€5,000€0Operating result 2022: -€8,561-€8,560Net result 2022: -€10,856-€10,900Operating result 2024: -€13,530-€13,500Net result 2024: -€15,572-€15,60020222024
The operating result is -€13,530 in 2024, compared with -€8,561 in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €20,499
Fixed assets €7,914 ▲ 17.7%
Current assets €12,584 ▼ 68.1%
Key figures and ratios
2024 value · change against 2022
EBITDA
-€8,849▼
2022 · -€5,987
Cash flow
-€10,891▼
2022 · -€8,282
Debt to equity
-1.24▲
2022 · -17.16
Interest coverage
-4.33▼
2022 · -2.61
Debt ≤ 1 year
€97,143▲
2022 · €12,057
Debt > 1 year
€7,726▼
2022 · €36,950
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
7.3% went bankrupt
8.2% stopped otherwise
82% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 4.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,038 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2022 · 38 lines
Balance sheet Code20222024
Assets
Total assets20/58€46,151€20,499▼
Fixed assets21/28€6,723€7,914▲
Tangible fixed assets22/27€6,723€7,914▲
Plant, machinery and equipment23€1,681€5,968▲
Furniture and vehicles24€5,042€1,946▼
Current assets29/58€39,428€12,584▼
Amounts receivable within one year40/41€15,309€610▼
Trade receivables40€13,124€0▼
Other amounts receivable41€2,185€610▼
Current investments50/53-€10,490
Cash at bank and in hand54/58€5,971€1,484▼
Deferred charges and accrued income490/1€18,148-
Equity and liabilities
Total equity and liabilities10/49€46,151€20,499▼
Equity10/15-€2,856-€84,370▼
Contributions10/11€8,000€8,000=
Profit (loss) carried forward14-€10,856-€92,370▼
Amounts payable17/49€49,007€104,869▲
Amounts payable after more than one year17€36,950€7,726▼
Financial debts170/4€36,950€7,726▼
Amounts payable within one year42/48€12,057€97,143▲
Current portion of amounts payable after more than one year42-€10,166
Trade debts44€2,568€61,789▲
Suppliers440/4€2,568€61,789▲
Advances received on contracts in progress46-€14,241
Taxes, remuneration and social security45€9,489-
Taxes450/3€9,489-
Other amounts payable47/48-€10,947
Income statement Code20222024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,574€4,681▲
Other operating charges640/8€35,378€1,035▼
Gross operating margin9900€29,391-€7,814▼
Operating profit (loss)9901-€8,561-€13,530▼
Financial charges65/66B€2,295€2,042▼
Recurring financial charges65€2,295€2,042▼
Profit (loss) for the period before taxes9903-€10,856-€15,572▼
Profit (loss) for the period9904-€10,856-€15,572▼
Profit (loss) for the period to be appropriated9905-€10,856-€15,572▼
Appropriation of the result
Profit (loss) to be appropriated9906-€10,856-€92,370▼
Profit (loss) brought forward from the previous period14P--€76,798

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20222024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,574€4,681-
Other operating charges640/8€35,378€1,035-
Gross operating margin9900€29,391-€7,814-
Operating profit (loss)9901-€8,561-€13,530-
Financial charges65/66B€2,295€2,042-
Recurring financial charges65€2,295€2,042-
Profit (loss) for the period before taxes9903-€10,856-€15,572-
Profit (loss) for the period9904-€10,856-€15,572-
Profit (loss) for the period to be appropriated9905-€10,856-€15,572-
Line20222024Change
Assets
Total assets20/58€46,151€20,499-
Fixed assets21/28€6,723€7,914-
Tangible fixed assets22/27€6,723€7,914-
Plant, machinery and equipment23€1,681€5,968-
Furniture and vehicles24€5,042€1,946-
Current assets29/58€39,428€12,584-
Amounts receivable within one year40/41€15,309€610-
Trade receivables40€13,124€0-
Other amounts receivable41€2,185€610-
Current investments50/53-€10,490-
Cash at bank and in hand54/58€5,971€1,484-
Deferred charges and accrued income490/1€18,148--
Equity and liabilities
Total equity and liabilities10/49€46,151€20,499-
Equity10/15-€2,856-€84,370-
Contributions10/11€8,000€8,000-
Profit (loss) carried forward14-€10,856-€92,370-
Amounts payable17/49€49,007€104,869-
Amounts payable after more than one year17€36,950€7,726-
Financial debts170/4€36,950€7,726-
Amounts payable within one year42/48€12,057€97,143-
Current portion of amounts payable after more than one year42-€10,166-
Trade debts44€2,568€61,789-
Suppliers440/4€2,568€61,789-
Advances received on contracts in progress46-€14,241-
Taxes, remuneration and social security45€9,489--
Taxes450/3€9,489--
Other amounts payable47/48-€10,947-
Line20222024Change
Profit (loss) for the period9904-€10,856-€15,572-
+ Depreciation and write-downs630€2,574€4,681-
Operating cash flow (approximation)-€8,282-€10,891-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
31-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 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, Tielt-Winge · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
3,873 m²
Building footprint
471 m²
Volume, LiDAR
1,490 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TJS
Manufacture of food products
since 20212.316.435.620
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24106C0341/00V004 Flanders 3,458 m² 1 · 336 m² 7.5 m
24057C0279/00C004 Flanders 415 m² 1 · 135 m² 8.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

254900YT5LH2DDJUOZ89
no longer live in the LEI register

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 445 companies in sector 10850 we hold annual accounts for 173. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded19-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
10850Manufacture of food products
E-invoicing
Reachable via Peppol
Peppol ID 0208:0766890413
Also 9925:BE0766890413
Registered 02-09-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.