TLCA
ActiveSummary
The computed 12-month bankruptcy probability of TLCA is 2.0% (moderate). The 2025 annual accounts show equity of €80,603 and a net result of -€29,710. Equity is growing by ~29% per year across the filed fiscal years. Its solvency ranks better than 55% of 11502 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-86
Solvency73▼-7
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.67 against 1.98 in 2024; short-term debt: 51.9% and cash: 5.8% of total assets), but 51.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
48.1%
Return on assets
-17.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
107 d early
2023
29 d late
2022
32 d late
2021
2 d early
2020
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 30 August (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€80,603▼ 26.9%
2024 · €110,313
Total assets
€167,647▼ 16.5%
2024 · €200,656
Net result
-€29,710
2024 · €27,358
Working capital
€57,952▼ 29.0%
2024 · €81,576
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,993▲ 148%€44,590▲ 14.4%€20,290▼ 54.5%€40,122▲ 97.7%-€26,656
Net result€32,366above the sector's middle half▲ 182%€32,604above the sector's middle half▲ 0.7%€11,519within the sector's middle half▼ 64.7%€27,358above the sector's middle half▲ 138%-€29,710below the sector's middle half
Equity€38,832within the sector's middle half▲ 136%€71,436within the sector's middle half▲ 84.0%€82,955within the sector's middle half▲ 16.1%€110,313within the sector's middle half▲ 33.0%€80,603within the sector's middle half▼ 26.9%
Total assets€94,246within the sector's middle half▲ 83.3%€190,821within the sector's middle half▲ 102%€184,781within the sector's middle half▼ 3.2%€200,656within the sector's middle half▲ 8.6%€167,647within the sector's middle half▼ 16.5%
Debt€55,414▲ 58.6%€119,385▲ 115%€101,826▼ 14.7%€90,343▼ 11.3%€87,044▼ 3.7%
Working capital€22,572within the sector's middle half▲ 70.1%€34,840within the sector's middle half▲ 54.4%€50,646within the sector's middle half▲ 45.4%€81,576within the sector's middle half▲ 61.1%€57,952within the sector's middle half▼ 29.0%
Solvency41.2%within the sector's middle half▲ 9.2pp37.4%within the sector's middle half▼ 3.8pp44.9%within the sector's middle half▲ 7.5pp55.0%within the sector's middle half▲ 10.1pp48.1%within the sector's middle half▼ 6.9pp
Current ratio1.49within the sector's middle half▲ 0.051.40within the sector's middle half▼ 0.091.61within the sector's middle half▲ 0.211.98within the sector's middle half▲ 0.371.67within the sector's middle half▼ 0.31
Return on assets (ROA)34.3%above the sector's middle half▲ 12.0pp17.1%above the sector's middle half▼ 17.3pp6.2%within the sector's middle half▼ 10.9pp13.6%above the sector's middle half▲ 7.4pp-17.7%below the sector's middle half▼ 31.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
The operating result turns negative in 2025: a loss of €26,656 after €40,122 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €167,647
Fixed assets
€22,746 ▼ 36.3%
Current assets
€144,901 ▼ 12.1%
Equity and liabilities €167,647
Equity
€80,603 ▼ 26.9%
Debt
€87,044 ▼ 3.7%
Debt's share of the balance-sheet total rises from 45.0% to 51.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€10,750▼
2024 · €55,459
Cash flow
-€13,805▼
2024 · €42,695
Quick ratio
0.47▼
2024 · 1.16
Debt to equity
1.08▲
2024 · 0.82
ROE
-36.9%▼
2024 · 24.8%
Interest coverage
-3.52▼
2024 · 14.60
Debt ≤ 1 year
€86,949▲
2024 · €83,353
Debt > 1 year
€0▼
2024 · €6,989
Income taxes
€0▼
2024 · €10,245
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% 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%.
| 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 3,597 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €570 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,824 | €15,353 | €17,294 | €15,337 | €15,905 | ▲ 3.7% |
| Other operating charges640/8 | €186 | €1,103 | €992 | €1,937 | €938 | ▼ 51.6% |
| Non-recurring operating charges66A | - | - | - | €3,904 | €0 | ▼ 100% |
| Gross operating margin9900 | €43,003 | €61,046 | €38,576 | €61,300 | -€9,812 | ▼ 116% |
| Operating profit (loss)9901 | €38,993 | €44,590 | €20,290 | €40,122 | -€26,656 | ▼ 166% |
| Financial income75/76B | €1,083 | €888 | €136 | €1,280 | €0 | ▼ 100% |
| Recurring financial income75 | €1,083 | €888 | €136 | €1,280 | €0 | ▼ 100% |
| Financial charges65/66B | €1,707 | €2,724 | €3,043 | €3,799 | €3,054 | ▼ 19.6% |
| Recurring financial charges65 | €1,707 | €2,724 | €3,043 | €3,799 | €3,054 | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | €38,369 | €42,754 | €17,383 | €37,603 | -€29,710 | ▼ 179% |
| Income taxes67/77 | €6,003 | €10,150 | €5,864 | €10,245 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €32,366 | €32,604 | €11,519 | €27,358 | -€29,710 | ▼ 209% |
| Profit (loss) for the period to be appropriated9905 | €32,366 | €32,604 | €11,519 | €27,358 | -€29,710 | ▼ 209% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,246 | €190,821 | €184,781 | €200,656 | €167,647 | ▼ 16.5% |
| Fixed assets21/28 | €25,243 | €68,504 | €51,211 | €35,727 | €22,746 | ▼ 36.3% |
| Tangible fixed assets22/27 | €23,243 | €66,504 | €49,211 | €35,727 | €22,746 | ▼ 36.3% |
| Plant, machinery and equipment23 | €15,566 | €13,163 | €9,391 | €10,388 | €5,525 | ▼ 46.8% |
| Furniture and vehicles24 | €1,486 | €1,181 | €876 | €571 | €266 | ▼ 53.4% |
| Leasing and similar rights25 | - | €47,714 | €36,241 | €24,769 | €13,296 | ▼ 46.3% |
| Other tangible fixed assets26 | €6,191 | €4,447 | €2,702 | €0 | €3,660 | - |
| Financial fixed assets28 | €2,000 | €2,000 | €2,000 | €0 | - | - |
| Current assets29/58 | €69,003 | €122,317 | €133,570 | €164,929 | €144,901 | ▼ 12.1% |
| Amounts receivable after more than one year29 | - | - | €50,240 | €55,000 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | €50,240 | €55,000 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €28,243 | €74,601 | €58,667 | €68,568 | €103,718 | ▲ 51.3% |
| Stocks30/36 | €28,243 | €74,601 | €58,667 | €68,568 | €103,718 | ▲ 51.3% |
| Amounts receivable within one year40/41 | €32,315 | €37,749 | €24,664 | €33,449 | €15,135 | ▼ 54.8% |
| Trade receivables40 | €15,315 | €20,749 | €24,664 | €33,449 | €15,135 | ▼ 54.8% |
| Other amounts receivable41 | €17,000 | €17,000 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €8,445 | €9,933 | €0 | €6,398 | €9,697 | ▲ 51.6% |
| Deferred charges and accrued income490/1 | - | €34 | €0 | €1,514 | €16,351 | ▲ 980% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,246 | €190,821 | €184,781 | €200,656 | €167,647 | ▼ 16.5% |
| Equity10/15 | €38,832 | €71,436 | €82,955 | €110,313 | €80,603 | ▼ 26.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €33,832 | €66,436 | €77,955 | €105,313 | €105,313 | = |
| Distributable reserves133 | €33,832 | €66,436 | €77,955 | €105,313 | €105,313 | = |
| Profit (loss) carried forward14 | €0 | €0 | - | - | -€29,710 | - |
| Amounts payable17/49 | €55,414 | €119,385 | €101,826 | €90,343 | €87,044 | ▼ 3.7% |
| Amounts payable after more than one year17 | €8,982 | €31,908 | €18,901 | €6,989 | €0 | ▼ 100% |
| Financial debts170/4 | €8,982 | €31,908 | €18,901 | €6,989 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €46,432 | €87,477 | €82,924 | €83,353 | €86,949 | ▲ 4.3% |
| Current portion of amounts payable after more than one year42 | €9,192 | €20,689 | €13,823 | €19,556 | €6,989 | ▼ 64.3% |
| Financial debts43 | - | €24,489 | €38,816 | €30,000 | €30,000 | = |
| Credit institutions430/8 | - | €24,489 | €38,816 | €30,000 | €30,000 | = |
| Trade debts44 | €9,618 | €13,798 | €16,396 | €15,952 | €32,631 | ▲ 105% |
| Suppliers440/4 | €9,618 | €13,798 | €16,396 | €15,952 | €32,631 | ▲ 105% |
| Taxes, remuneration and social security45 | €15,238 | €25,603 | €13,889 | €16,158 | €15,349 | ▼ 5.0% |
| Taxes450/3 | €15,238 | €25,603 | €13,889 | €16,158 | €15,349 | ▼ 5.0% |
| Other amounts payable47/48 | €12,384 | €2,897 | €0 | €1,687 | €1,980 | ▲ 17.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €94 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,366 | €32,604 | €11,519 | €27,358 | -€29,710 | ▼ 209% |
| + Depreciation and write-downs630 | €3,824 | €15,353 | €17,294 | €15,337 | €15,905 | ▲ 3.7% |
| Operating cash flow (approximation) | €36,190 | €47,957 | €28,812 | €42,695 | -€13,805 | ▼ 132% |
| Investment in fixed assets (approximation) | - | -€58,614 | €0 | €146 | -€2,924 | ▼ 2,097% |
| Change in cash | - | €1,489 | -€9,933 | €6,398 | €3,299 | ▼ 48.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€29,710
Net result drops to -€29,710, the lowest in the series.
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €110,313 ▲33%
5 profitable years in a row build equity to €110,313.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
12-01
KBO administration
Address struck
Visserijstraat 22 8560 L’adresse du siège Visserijstraat 22 8560 Die Sitzadresse Visserijstraat 22 8560 Wevel-
Wevelgem is doorgehaald met ingang van Wevelgem · event 25-10-2023
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Highest result since 2020net €32,604 ▲0.7%
Operating result €44,590, net result €32,604, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 153 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Staden · 1 establishment unit since 2020
Ground area
2,592 m²
Building footprint
240 m²
Volume, LiDAR
1,030 m³
Parcel 36019A0373/00E000, Flanders · tallest building 8.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TLCA
since 20202.304.581.725
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019A0373/00E000 | Flanders | 2,592 m² | 1 · 240 m² | 8.5 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,095 EUR awarded · 1,095 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,095 EUR | 1,095 EUR |
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 1,409 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749574527
Registered
20-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.