Checked.be
Active
BE 0817.665.557Private limited company (pre-2019)
TOTAL INTERIOR CONCEPT
Meersstraat 2B ·9500 Geraardsbergen, Belgium· 17 yrs active
Sector: Activities of interior architects
(71112)
Conclusion
TOTAL INTERIOR CONCEPT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €17k and a net result of €-9k. Equity is shrinking by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 11619 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €17k |
| Net result | €-9k |
| Better than sector | 11% |
| Active | 17 yrs |
Financial profile
30
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
20
Profitability
0
Solvency
3
Growth
27
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2009, 17 years in business.
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.
Checked score
20
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
46
2021
0
2022
36
2023
20
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.08 (< 1.0)
-10
Quick ratio
Quick ratio 0.08 (< 0.6)
-5
Leverage
Debt/equity 18.35 (> 3.0)
-10
Profitability
Negatieve ROE -53%
-10
Interest coverage
Interest coverage 3.4× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 01-12-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~32.7%/year over 4 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 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 5.2% | 54.7% | |
| Net result | €-9k | €15k | |
| Equity | €17k | €67k | |
| Gross operating margin | €26k | €40k | |
| Total assets | €321k | €141k |
€126k
+13.5%
21-24
€19k
-24.1%
21-24
€-9k
-170.7%
21-24
€12k
-32.3%
21-24
€321k
-6.1%
21-24
€17k
-34.6%
21-24
€-158k
-14.9%
21-24
€1k
+67.9%
21-24
€304k
-3.8%
21-24
€172k
+13.8%
21-24
€133k
-19.8%
21-24
0.08
-9.8%
21-24
0.08
-9.8%
21-24
5.2%
-30.4%
21-24
18.35
+47.2%
21-24
-53.0%
-314.1%
21-24
-2.7%
-188.2%
21-24
-2.6%
+89.3%
21-24
20.1%
-
21-24
3.37
-14.1%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | €126k | €111k | €140k |
| EBITDA | €19k | €25k | €-16k | €16k |
| Net profit | €-9k | €-3k | €-27k | €17k |
| Cash flow | €12k | €18k | €-2k | €43k |
| Staff costs | - | - | - | - |
| Income taxes | €1k | €750 | €4k | €6k |
| Dividends | - | - | - | - |
| Total assets | €321k | €342k | €372k | €424k |
| Equity | €17k | €25k | €29k | €55k |
| Debt | €304k | €316k | €343k | €367k |
| of which ≤ 1y | €172k | €151k | €145k | €139k |
| of which > 1y | €133k | €165k | €198k | €228k |
| Working capital | €-158k | €-138k | €-124k | €-90k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.08 | 0.09 | 0.15 | 0.35 |
| Quick ratio | 0.08 | 0.09 | 0.15 | 0.35 |
| Working capital ratio | -49.3% | -40.3% | -33.3% | -21.2% |
| Solvency | 5.2% | 7.4% | 7.7% | 13.1% |
| Debt / equity | 18.35 | 12.46 | 11.98 | 6.62 |
| Long-term debt ratio | 8.00 | 6.52 | 6.91 | 4.11 |
| Interest coverage | 3.37 | 3.92 | -1.38 | 1.55 |
| Gross margin | - | 25.5% | -10.3% | 4.8% |
| Net margin | - | -2.6% | -24.1% | 11.9% |
| ROA | -2.7% | -0.9% | -7.2% | 3.9% |
| ROE | -53.0% | -12.8% | -93.7% | 30.0% |
| EBITDA margin | - | 20.1% | -14.4% | 11.5% |
| Days sales outstanding | - | 38d | 52d | 108d |
| Days payable outstanding | - | 62d | 52d | 80d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €321k | €342k | €372k | €424k |
| Fixed assets | 21/28 | €306k | €327k | €348k | €372k |
| Formation expenses | 20 | €1k | €2k | €2k | €3k |
| Tangible fixed assets | 22/27 | €306k | €326k | €347k | €372k |
| Financial fixed assets | 28 | €450 | €450 | €450 | €450 |
| Current assets | 29/58 | €13k | €13k | €22k | €49k |
| Amounts receivable within one year | 40/41 | €13k | €13k | €22k | €49k |
| Cash & bank | 54/58 | €1 | €1 | €21 | €0 |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €321k | €342k | €372k | €424k |
| Equity | 10/15 | €17k | €25k | €29k | €55k |
| Contributions / capital | 10/11 | €119k | €119k | €119k | €119k |
| Accumulated profits (losses) | 14 | €-102k | €-93k | €-90k | €-63k |
| Provisions & deferred taxes | 16 | - | - | - | €2k |
| Amounts payable | 17/49 | €304k | €316k | €343k | €367k |
| Amounts payable after one year | 17 | €133k | €165k | €198k | €228k |
| Amounts payable within one year | 42/48 | €172k | €151k | €145k | €139k |
| Trade debts payable within one year | 44 | €44k | €16k | €17k | €29k |
| Income statement | |||||
| Turnover | 70 | - | €126k | €111k | €140k |
| Gross operating margin | 9900 | €26k | €32k | €-10k | €24k |
| Operating result | 9901 | €-2k | €4k | €-41k | €-10k |
| Financial income | 75 | - | - | €30k | €44k |
| Financial charges | 65 | €6k | €6k | €12k | €10k |
| Result before taxes | 9903 | €-8k | €-2k | €-23k | €23k |
| Income taxes | 67/77 | €1k | €750 | €4k | €6k |
| Net result for the period | 9904 | €-9k | €-3k | €-27k | €17k |
| Result to be appropriated | 9905 | €-9k | €-3k | €-27k | €17k |
Legal Structure
| NACE primary | Activities of interior architects(71112) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 10-08-2009 |
| Status | Active |
| Postal code | 9500 |
Establishment units
TOTAL INTERIOR CONCEPT
since 20092.180.063.617
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41018A0507/00V000 | Flanders | 619 m² | 1 · 186 m² | 10.8 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 123 days late
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 210 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 423 days late
2022
31-12
Financial
Weakest financial yearnet €-27k ▼261%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 96 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
02-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 33 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
15-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 288 days late
2017
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 392 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Activities of interior architects71112Other non-specialised retail sale47120Organisation of conventions and trade shows82300Visual arts creation90120Arts creation and performing arts activities90130
Names & trade names
| Legal nameNL | TOTAL INTERIOR CONCEPT |
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