TLS & CO
The computed 12-month bankruptcy probability of TLS & CO is 5.6% (elevated). The 2023 annual accounts show negative equity (€-33k) and a net result of €-27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 1811 sector peers (fiscal year 2023). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-33k |
| Net result | €-27k |
| Staff (FTE) | 1.6 |
| Better than sector | 11% |
Mixed profile: strong on profitability, weaker on health.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -27.4% | 28.4% | |
| Net result | €-27k | €4k | |
| Equity | €-33k | €16k | |
| Gross operating margin | €85k | €25k | |
| Staff costs | €60k | €35k |
| Fiscal year | 2023 |
|---|---|
| Revenue | - |
| EBITDA | €-20k |
| Net profit | €-27k |
| Cash flow | €-25k |
| Staff costs | €60k |
| Income taxes | €4k |
| Dividends | - |
| Total assets | €119k |
| Equity | €-33k |
| Debt | €152k |
| of which ≤ 1y | €152k |
| of which > 1y | - |
| Working capital | €-38k |
| Employees (FTE) | 1.6 |
| 2023 | |
|---|---|
| Current ratio | 0.75 |
| Quick ratio | 0.75 |
| Working capital ratio | -31.6% |
| Solvency | -27.4% |
| Debt / equity | -4.65 |
| Long-term debt ratio | - |
| Interest coverage | -51.98 |
| Gross margin | - |
| Net margin | - |
| ROA | -22.4% |
| ROE | 81.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €119k |
| Fixed assets | 21/28 | €5k |
| Tangible fixed assets | 22/27 | €5k |
| Financial fixed assets | 28 | €150 |
| Current assets | 29/58 | €114k |
| Amounts receivable within one year | 40/41 | €111k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €119k |
| Equity | 10/15 | €-33k |
| Contributions / capital | 10/11 | €19k |
| Accumulated profits (losses) | 14 | €-51k |
| Amounts payable | 17/49 | €152k |
| Amounts payable within one year | 42/48 | €152k |
| Trade debts payable within one year | 44 | €61k |
| Income statement | ||
| Gross operating margin | 9900 | €85k |
| Operating result | 9901 | €-23k |
| Financial charges | 65 | €392 |
| Result before taxes | 9903 | €-23k |
| Income taxes | 67/77 | €4k |
| Net result for the period | 9904 | €-27k |
| Result to be appropriated | 9905 | €-27k |
| NACE primary | Road freight transport(49410) |
| Legal form | Private limited company(610) |
| Incorporation | 03-03-2016 |
| Status | Active |
| Postal code | 1030 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0136/00Y003 | Brussels | 451 m² | 1 · 132 m² | 19.9 m · 6 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
29-09-2025 1 director appointed, 1 resigning
- GÜLER Halis, Bestuurder
- SOETEWEY Benoit, Bestuurder
Technical details
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"een niet-geregistreerde gelijkvormig afschrift",
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}03-02-2023 Huseyin BAGCI resigns as director
- Huseyin BAGCI, Bestuurder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | TLS & CO |