Total Software Solutions
ActiveSummary
Total Software Solutions has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€8,681) and a net result of -€1,890. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 7% of 20786 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability25▼-65
Solvency2▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.81 against 0.85 in 2023; short-term debt: 122.8% and cash: 83.5% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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 2024Solvency, return and age of the figures
Solvency
-22.8%
Return on assets
-5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€8,681
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
2 d early
2022
3 d early
2021
4 d early
2020
6 d early
2019
31 d early
← 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 8 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€8,681▼ 27.8%
2023 · -€6,791
Total assets
€38,149▼ 3.8%
2023 · €39,660
Net result
-€1,890
2023 · €8,343
Working capital
-€8,681▼ 27.8%
2023 · -€6,791
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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
Line20202021202220232024
Operating result€14,368▲ 53.3%€5,130▼ 64.3%€4,274▼ 16.7%€8,686▲ 103%-€1,597
Net result€14,306within the sector's middle half▲ 148%€4,844within the sector's middle half▼ 66.1%€3,975within the sector's middle half▼ 17.9%€8,343within the sector's middle half▲ 110%-€1,890below the sector's middle half
Equity-€23,953below the sector's middle half▲ 37.4%-€19,109below the sector's middle half▲ 20.2%-€15,134below the sector's middle half▲ 20.8%-€6,791below the sector's middle half▲ 55.1%-€8,681below the sector's middle half▼ 27.8%
Total assets€45,294below the sector's middle half▲ 2.4%€33,016below the sector's middle half▼ 27.1%€30,995below the sector's middle half▼ 6.1%€39,660below the sector's middle half▲ 28.0%€38,149below the sector's middle half▼ 3.8%
Debt€69,246▼ 16.0%€52,125▼ 24.7%€46,129▼ 11.5%€46,451▲ 0.7%€46,830▲ 0.8%
Working capital-€24,640below the sector's middle half▲ 37.8%-€19,109below the sector's middle half▲ 22.4%-€15,134below the sector's middle half▲ 20.8%-€6,791below the sector's middle half▲ 55.1%-€8,681below the sector's middle half▼ 27.8%
Solvency-52.9%below the sector's middle half▲ 33.6pp-57.9%below the sector's middle half▼ 5.0pp-48.8%below the sector's middle half▲ 9.1pp-17.1%below the sector's middle half▲ 31.7pp-22.8%below the sector's middle half▼ 5.6pp
Current ratio0.64below the sector's middle half▲ 0.120.63below the sector's middle half▼ 0.010.67below the sector's middle half▲ 0.040.85below the sector's middle half▲ 0.180.81below the sector's middle half▼ 0.04
Return on assets (ROA)31.6%above the sector's middle half▲ 18.5pp14.7%within the sector's middle half▼ 16.9pp12.8%within the sector's middle half▼ 1.8pp21.0%within the sector's middle half▲ 8.2pp-5.0%below the sector's middle half▼ 26.0pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, 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 2024: a loss of €1,597 after €8,686 in 2023, the lowest result in the available series.
Key figures and ratios
Debt to equity
-5.39▲
2023 · -6.84
Debt ≤ 1 year
€46,830▲
2023 · €46,451
Income taxes
€237▲
2023 · €234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,799 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €687 | €687 | - | - | - | - |
| Other operating charges640/8 | - | €718 | €450 | €493 | €505 | ▲ 2.4% |
| Gross operating margin9900 | €15,540 | €6,534 | €4,723 | €9,179 | -€1,091 | ▼ 112% |
| Operating profit (loss)9901 | €14,368 | €5,130 | €4,274 | €8,686 | -€1,597 | ▼ 118% |
| Financial income75/76B | - | - | €4 | €22 | €38 | ▲ 74.3% |
| Recurring financial income75 | €157 | - | €4 | €22 | €38 | ▲ 74.3% |
| Financial charges65/66B | - | €78 | €81 | €131 | €95 | ▼ 27.4% |
| Recurring financial charges65 | €21 | €78 | €81 | €131 | €95 | ▼ 27.4% |
| Profit (loss) for the period before taxes9903 | €14,504 | €5,052 | €4,197 | €8,577 | -€1,653 | ▼ 119% |
| Income taxes67/77 | €198 | €208 | €222 | €234 | €237 | ▲ 1.3% |
| Profit (loss) for the period9904 | €14,306 | €4,844 | €3,975 | €8,343 | -€1,890 | ▼ 123% |
| Profit (loss) for the period to be appropriated9905 | €14,306 | €4,844 | €3,975 | €8,343 | -€1,890 | ▼ 123% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,294 | €33,016 | €30,995 | €39,660 | €38,149 | ▼ 3.8% |
| Fixed assets21/28 | €687 | - | - | - | - | - |
| Tangible fixed assets22/27 | €687 | - | - | - | - | - |
| Current assets29/58 | €44,607 | €33,016 | €30,995 | €39,660 | €38,149 | ▼ 3.8% |
| Amounts receivable within one year40/41 | €11,786 | €12,114 | €7,926 | €13,873 | €5,769 | ▼ 58.4% |
| Trade receivables40 | - | €11,322 | €6,857 | €13,850 | €5,745 | ▼ 58.5% |
| Other amounts receivable41 | - | €792 | €1,070 | €23 | €25 | ▲ 8.5% |
| Cash at bank and in hand54/58 | €31,062 | €20,136 | €22,288 | €25,306 | €31,873 | ▲ 26.0% |
| Deferred charges and accrued income490/1 | - | €767 | €781 | €481 | €506 | ▲ 5.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,294 | €33,016 | €30,995 | €39,660 | €38,149 | ▼ 3.8% |
| Equity10/15 | -€23,953 | -€19,109 | -€15,134 | -€6,791 | -€8,681 | ▼ 27.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €2,021 | €2,021 | €2,021 | €2,021 | €130 | ▼ 93.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | €161 | €161 | €161 | €130 | ▼ 18.8% |
| Profit (loss) carried forward14 | -€44,573 | -€39,730 | -€35,755 | -€27,412 | -€27,412 | = |
| Amounts payable17/49 | €69,246 | €52,125 | €46,129 | €46,451 | €46,830 | ▲ 0.8% |
| Amounts payable within one year42/48 | €69,246 | €52,125 | €46,129 | €46,451 | €46,830 | ▲ 0.8% |
| Trade debts44 | €334 | €1,097 | €808 | €676 | €1,024 | ▲ 51.6% |
| Suppliers440/4 | - | €1,097 | €808 | €676 | €1,024 | ▲ 51.6% |
| Taxes, remuneration and social security45 | - | €2,515 | €1,603 | €2,926 | €2,919 | ▼ 0.2% |
| Taxes450/3 | - | €1,275 | €363 | €1,686 | €1,679 | ▼ 0.4% |
| Remuneration and social security454/9 | - | €1,240 | €1,240 | €1,240 | €1,240 | = |
| Other amounts payable47/48 | - | €48,512 | €43,718 | €42,850 | €42,887 | ▲ 0.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,306 | €4,844 | €3,975 | €8,343 | -€1,890 | ▼ 123% |
| + Depreciation and write-downs630 | €687 | €687 | - | - | - | - |
| Operating cash flow (approximation) | €14,993 | €5,531 | €3,975 | €8,343 | -€1,890 | ▼ 123% |
| Change in cash | - | -€10,926 | €2,152 | €3,018 | €6,567 | ▲ 118% |
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
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€1,890
Net result drops to -€1,890, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Antwerpen · 1 establishment unit since 1999
Ground area
261 m²
Building footprint
261 m²
Volume, LiDAR
4,112 m³
Parcel 11811L3838/00N000, Flanders · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
236
companies at this address
See who is registered here
1 establishment unit
Brusselstraat 51, 2018 Antwerpen
since 19992.090.013.369
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3838/00N000 | Flanders | 261 m² | 1 · 261 m² | 22.5 m · 6 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-01-1999
Fiscal year end31-12
Abbreviation NL
T.S.S.
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465048187
Also
9925:BE0465048187
Registered
30-12-2025
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.