TLC GROUP
InactiveTLC GROUP was declared bankrupt on 09-01-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 06-05-2025, published in the Belgian State Gazette on 14-05-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline21-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-10-2021, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
92 d late
2019
132 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2020, micro schema
Equity
€16k▲ 102%
2019 · €8k
2018: €6k
2019: €8k
2018 → 2020
Total assets
€255k▼ 20.2%
2019 · €320k
2018: €6k
2019: €320k
2018 → 2020
Net result
€8k▲ 411%
2019 · €2k
2019: €2k
2019 → 2020
Working capital
€5k
2019 · €-5k
2019: €-5k
2019 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€6k-€8k▲ 25.0%€16k▲ 102%
Operating result€14k€13k▼ 5.1%
Net result€2k€8k▲ 411%
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 2020; 2020 is 5% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €255k
Fixed assets
€10k▼ 19.0%
Current assets
€245k▼ 20.2%
Equity and liabilities €255k
Equity
€16k▲ 102%
Debt
€240k▼ 23.2%
The debt ratio falls from 97.6% to 93.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▲
2019 · €19k
Cash flow
€15k▲
2019 · €7k
Solvency
6.1%▲
2019 · 2.4%
Current ratio
1.02▲
2019 · 0.98
Quick ratio
1.02▲
2019 · 0.98
ROE
50.5%▲
2019 · 20.0%
ROA
3.1%▲
2019 · 0.5%
Debt
€240k▼
2019 · €312k
Debt ≤ 1 year
€240k▼
2019 · €312k
Income taxes
€5k▼
2019 · €11k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€320k€255k▼
Fixed assets21/28€13k€10k▼
Tangible fixed assets22/27€13k€10k▼
Current assets29/58€307k€245k▼
Amounts receivable within one year40/41€287k€218k▼
Cash at bank and in hand54/58€20k€27k▲
Equity and liabilities
Total equity and liabilities10/49€320k€255k▼
Equity10/15€8k€16k▲
Contributions10/11€6k€6k=
Reserves13€2k€9k▲
Amounts payable17/49€312k€240k▼
Amounts payable within one year42/48€312k€240k▼
Trade debts44€234k€162k▼
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Gross operating margin9900€320k€228k▼
Operating profit (loss)9901€14k€13k▼
Recurring financial income75€63€0▼
Recurring financial charges65€1k€131▼
Profit (loss) for the period before taxes9903€12k€13k▲
Income taxes67/77€11k€5k▼
Profit (loss) for the period9904€2k€8k▲
Profit (loss) for the period to be appropriated9905€2k€8k▲
Timeline · acts, filings and financial milestones
2025
14-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · TLC GROUP BVBA CLAESSENSSTRAAT 73, 1020 BRUSSEL 2 · event 06-05-2025
2024
15-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · TLC GROUP BVBA CLAESSENS- STRAAT 73, 1020 BRUSSEL 2 · event 09-01-2024
2023
15-12
KBO administration
Address struck
Claessensstraat 73 Die Sitzadresse Rue Claessens 73 1020 Bru-
Bruxelles · event 14-03-2023
2021
31-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 92 days late
2020
10-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 132 days late
2019
29-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 151 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
SignalNBB filing
Directors · office · real estate
Directors
10 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
09-01-2024 → present |
Company data · Crossroads Bank
Identification
Legal formBVBA
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.