TK · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of TK is 2.3% (moderate). The 2024 annual accounts show equity of €53k and a net result of €33k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 6722 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Signals

3 signals · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 79% of 6722 peers (2024). A comfortable equity buffer.

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 32 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

A punctual record breaks

This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

How we compute the deadline

The year end is derived from 6 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	24-09-2025	55 d late	2025-00500614
31-12-2023	31-07-2024	24-07-2024	7 d early	2024-00276687
31-12-2022	31-07-2023	26-06-2023	35 d early	2023-00157649
31-12-2021	31-07-2022	30-06-2022	31 d early	2022-20140858
31-12-2020	31-07-2021	02-07-2021	29 d early	2021-30500519
31-12-2019	31-07-2020	26-08-2020	26 d late	2020-45300222

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

2.3% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Higher-failure-rate sector +Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

Turnover€339k+146.5%

EBIT margin14.1%+13.9pp

Net result€33k+704.9%

Working capital€48k+219.4%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 24-09-2025 with the NBB · fiscal year 2024 · micro

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~13.6%/year over 6 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	55.3%	20.4%	better than 79% of 6722 sector peers
Net result	€33k	€4k	better than 83% of 6703 sector peers
Equity	€53k	€16k	better than 74% of 6737 sector peers
Gross operating margin	€142k	€24k	better than 88% of 6682 sector peers
Staff costs	€90k	€33k	higher than 81% of 3049 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P79

Stable position over 2020-2024 · n=1505-6722

Net result P83

Improving position over 2020-2024 · n=1499-6703

Equity P74

Improving position over 2020-2024 · n=1508-6737

Gross operating margin P88

Improving position over 2020-2024 · n=1494-6682

Describes the position versus peers, not a forecast.

Revenue

€339k

+146.5% 19-24

EBITDA

€51k

+462.1% 19-24

Net profit

€33k

+704.9% 19-24

Cash flow

€36k

+359.6% 19-24

Total assets

€97k

+130.7% 19-24

Equity

€53k

+164.6% 19-24

Working capital

€48k

+219.4% 19-24

Staff costs

€90k

+26.0% 19-24

Show 12 other metrics

Income taxes

€15k

+1204.3% 19-24

Debt

€43k

+99.2% 19-24

Debt ≤ 1y

€43k

+99.2% 19-24

Current ratio

2.12

+24.8% 19-24

Quick ratio

1.52

+4.1% 19-24

Solvency

55.3%

+14.7% 19-24

Debt / equity

0.81

-24.7% 19-24

ROE

62.2%

+204.2% 19-24

ROA

34.4%

+248.9% 19-24

Net margin

9.8%

+10910.3% 19-24

EBITDA margin

15.0%

+250.8% 19-24

Interest coverage

378.74

+747.9% 19-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	€339k
EBITDA	€51k
Net profit	€33k
Cash flow	€36k
Staff costs	€90k
Income taxes	€15k
Dividends	-
Total assets	€97k
Equity	€53k
Debt	€43k
of which ≤ 1y	€43k
of which > 1y	-
Working capital	€48k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	2.12
Quick ratio	1.52
Working capital ratio	50.0%
Solvency	55.3%
Debt / equity	0.81
Long-term debt ratio	-
Interest coverage	378.74
Gross margin	41.7%
Net margin	9.8%
ROA	34.4%
ROE	62.2%
EBITDA margin	15.0%
Days sales outstanding	12d
Days payable outstanding	33d
Inventory turnover	7.60
Days inventory (DSI)	48d

Balance-sheet composition 2024

Assets

Fixed assets €5k · 5.3% Current assets €92k · 94.7%

Equity & liabilities

Equity €53k · 55.3% Debt €43k · 44.7%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€97k
Fixed assets	21/28	€5k
Tangible fixed assets	22/27	€5k
Current assets	29/58	€92k
Stocks & contracts in progress	3	€26k
Amounts receivable within one year	40/41	€18k
Cash & bank	54/58	€47k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€97k
Equity	10/15	€53k
Contributions / capital	10/11	€12k
Reserves	13	€2k
Accumulated profits (losses)	14	€39k
Amounts payable	17/49	€43k
Amounts payable within one year	42/48	€43k
Trade debts payable within one year	44	€18k
Income statement
Turnover	70	€339k
Gross operating margin	9900	€142k
Operating result	9901	€48k
Financial income	75	€786
Financial charges	65	€134
Result before taxes	9903	€49k
Income taxes	67/77	€15k
Net result for the period	9904	€33k
Result to be appropriated	9905	€33k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

4 companies at this address See who is registered here

Establishment units

2 locations

TK

Brederodestraat 153, 2018 AntwerpenVervaardiging van versnaperingen, zoet dan wel gezouten

since 20192.286.669.783

Çavuszade

Brederodestraat 137, 2018 AntwerpenAmbachtelijke vervaardiging van brood, broodjes, verse cakes, taarten en ander vers banketbakkerswerk door warme bakkers

since 20262.388.395.366

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area242 m²

Buildings2

Building footprint242 m²

Volume (LiDAR)2,605 m³

Tallest building16.3 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)