Financials
- Financial year
- 2024
- Turnover
- €97,828
- Profit
- €13,219
- Solvency
- 97.0%
Turnover▲ 125%
Net result
20232024
TL CONNECTIONS
ActiveSummary
The computed 12-month bankruptcy probability of TL CONNECTIONS is 5.0% (elevated). The 2024 annual accounts show equity of €30,963 and a net result of €13,219. Its solvency ranks better than 95% of 6,611 sector peers (NACE 49, financial year 2024). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
On-demand passenger transport by chauffeured vehicle
NACE 49330
1 site
Size
€97,828turnover 2024
- Equity
- €30,963
- Profit
- €13,219
Structure
- SARFRAZ HaiderDirector
2025 accounts not filed, 88 days past the deadline2 of 3 deeds summarised
Why 42raises risk1 financial year not filed after the legal deadline; last filed accounts filed 140 days late; 2 of the last 3 lateSize: turnover €97,828, total assets €31,908Founded in 2022lowers riskEquity €30,963 (97.0% of total assets)Show the evidence
Checked score
Score 2024
42
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 84% of its sector peers (NACE 49, micro)
Financial strength · tick = 2023
Strong
Solvency
100+14
equity 97.0% of total assets
Liquidity
61+28
short-term debt 3.0% · cash 8.9%
Profitability
98+98
return on assets 41.4%
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.3%
12-2024: 5.3%● unchanged vs 11-2024
01-2025: 5.3%● unchanged vs 12-2024
02-2025: 5.3%● unchanged vs 01-2025
03-2025: 7.7%▲ +2.4 percentage points vs 02-2025
04-2025: 7.8%▲ +0.1 percentage points vs 03-2025
05-2025: 7.8%● unchanged vs 04-2025
06-2025: 7.5%▼ -0.3 percentage points vs 05-2025
07-2025: 7.4%▼ -0.1 percentage points vs 06-2025
08-2025: 7.6%▲ +0.2 percentage points vs 07-2025
09-2025: 7.8%▲ +0.2 percentage points vs 08-2025
10-2025: 8.9%▲ +1.1 percentage points vs 09-2025
11-2025: 9.0%▲ +0.1 percentage points vs 10-2025
12-2025: 10.0%▲ +1.0 percentage point vs 11-2025highest value
01-2026: 4.4%▼ -5.6 percentage points vs 12-2025
02-2026: 4.5%▲ +0.1 percentage points vs 01-2026
03-2026: 4.6%▲ +0.1 percentage points vs 02-2026
04-2026: 4.7%▲ +0.1 percentage points vs 03-2026
05-2026: 4.5%▼ -0.2 percentage points vs 04-2026
06-2026: 4.4%▼ -0.1 percentage points vs 05-2026
07-2026: 4.4%● unchanged vs 06-2026
08-2026: 4.3%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 4.4%▲ +0.1 percentage points vs 08-2026
10-2026: 5.0%▲ +0.6 percentage points vs 09-2026
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity ample (current ratio 17.75, compared with 0.79 in 2023, above the usual 1.5; short-term debt: 3% and cash: 8.9% of total assets), and 3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro): better than 92% on solvency, 68% on liquidity, 86% on profitability and 89% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 88 days later.
NBB · 2 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline27-10-2026 today
raises risk · 2024 accounts filed 140 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-12-2025, 140 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
140 days late
2023
194 days 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 167 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: SINGH Jasdeep (director)Appointment: SARFRAZ Haider (director) ·…
- Annual accounts filedfinancial year 2023 · micro…
Key points
- Positive: Turnover rose in 2024from €43,522 to €97,828 ▲ 125% View
- Positive: Among the best 5% on solvencysector median 37.2% · 6,611 companies 97.0% View
- Caution: 2025 accounts not fileddeadline was 31-07-2026 88 days past the deadline View
- Caution: A director leftlatest change 03-11-2025 · 1 in office 1 left View
By topic
Board & ownership
- Board
- 1 member
- SARFRAZ HaiderDirector
Timeline
- Events
- 6
- Since
- 2023
- 31-12-2024Back to profit
- 31-12-2024Liquidity more than 22 times
- 14-08-2023Capital & shares · Resignations & appointments
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- On-demand passenger transport by chauffeured vehicleNACE 49330
- Founded
- 26-08-2022
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about TL CONNECTIONS
- What is the company number of TL CONNECTIONS?
- 0790.113.993. In Belgium the VAT number is the company number with BE in front: BE 0790.113.993.
- Where is TL CONNECTIONS based?
- The registered office is at Bergensesteenweg 423A, 1600 Sint-Pieters-Leeuw.Company details
- What does TL CONNECTIONS do?
- According to the KBO register, the main activity is on-demand passenger transport by chauffeured vehicle (NACE 49330).
- What is the legal form of TL CONNECTIONS?
- Private limited company (BV).
- When was TL CONNECTIONS founded?
- On 26-08-2022.
- Is TL CONNECTIONS still active?
- Yes, TL CONNECTIONS is an active enterprise in the KBO register.
- What is the turnover of TL CONNECTIONS?
- €97,828 in financial year 2024, according to the filed annual accounts.Financials
- Is TL CONNECTIONS profitable?
- In financial year 2024, TL CONNECTIONS made a profit of €13,219.
- Where can I find the annual accounts of TL CONNECTIONS?
- TL CONNECTIONS filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Companies related to TL CONNECTIONS
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.