Age8 yrs
Real estate2 parcels · 6.2 ha
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of Total Solutions is 0.5% (low). The 2023 annual accounts show negative equity (€-19k) and a net result of €27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 31% of 134 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.5%
Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Annual accounts: weaker financial profile
+Young company
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Filing behaviour
From the deposit records, complete market-wideAnnual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 396 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 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.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 31-08-2024 | 31 d late | 2024-00426775 |
| 31-12-2022 | 31-07-2023 | 22-08-2023 | 22 d late | 2023-00350766 |
| 31-12-2021 | 31-07-2022 | 04-08-2022 | 4 d late | 2022-20274386 |
| 31-12-2020 | 31-07-2021 | 22-11-2021 | 114 d late | 2021-78000126 |
| 31-12-2019 | 31-07-2020 | 08-02-2021 | 192 d late | 2021-05000312 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
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.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€27k
Working capital€-212k+17.3%
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 31-08-2024 with the NBB · fiscal year 2023 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Net result: growth of ~73.9%/year over 5 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 2023 · NACE 93 · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -4.8% | 14.7% | |
| Net result | €27k | €-7k | |
| Equity | €-19k | €55k | |
| Gross operating margin | €74k | €116k | |
| Total assets | €390k | €712k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P31
Weakening position over 2020-2023
· n=57-134
P75
Weakening position over 2020-2023
· n=57-134
P29
Weakening position over 2020-2023
· n=57-134
P43
Stable position over 2020-2023
· n=56-133
Describes the position versus peers, not a forecast.
€72k
-
19-23
€27k
-
19-23
€70k
-
19-23
€390k
+59.6%
19-23
€-19k
+59.6%
19-23
€-212k
+17.3%
19-23
€408k
+40.7%
19-23
€406k
+54.8%
19-23
Show 8 other metrics
€2k
-92.2%
19-23
0.48
+1829.8%
19-23
0.48
+1829.8%
19-23
-4.8%
+74.7%
19-23
-22.00
-248.2%
19-23
-147.4%
-
19-23
7.0%
-
19-23
40.73
-
19-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €72k |
| Net profit | €27k |
| Cash flow | €70k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €390k |
| Equity | €-19k |
| Debt | €408k |
| of which ≤ 1y | €406k |
| of which > 1y | €2k |
| Working capital | €-212k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.48 |
| Quick ratio | 0.48 |
| Working capital ratio | -54.3% |
| Solvency | -4.8% |
| Debt / equity | -22.00 |
| Long-term debt ratio | -0.12 |
| Interest coverage | 40.73 |
| Gross margin | - |
| Net margin | - |
| ROA | 7.0% |
| ROE | -147.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €390k |
| Fixed assets | 21/28 | €195k |
| Tangible fixed assets | 22/27 | €193k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €195k |
| Amounts receivable within one year | 40/41 | €194k |
| Cash & bank | 54/58 | €35 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €390k |
| Equity | 10/15 | €-19k |
| Contributions / capital | 10/11 | €92k |
| Accumulated profits (losses) | 14 | €-111k |
| Amounts payable | 17/49 | €408k |
| Amounts payable after one year | 17 | €2k |
| Amounts payable within one year | 42/48 | €406k |
| Trade debts payable within one year | 44 | €49k |
| Income statement | ||
| Gross operating margin | 9900 | €74k |
| Operating result | 9901 | €29k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €27k |
| Net result for the period | 9904 | €27k |
| Result to be appropriated | 9905 | €27k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed16
/ 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.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationKatwilgweg 1, 2050 Antwerpen
since 20182.273.077.115
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area6.2 ha
Buildings2
Building footprint4,493 m²
Volume (LiDAR)16,070 m³
Tallest building13.6 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11813N0223/00H003 | Flanders | 5.7 ha | 1 · 2,765 m² | 13.6 m · 3 fl. |
| 13302C0364/00E000 | Flanders | 4,145 m² | 1 · 1,728 m² | - |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
2 acts Address history · 2
27-05-2024
Registered-office move
22-08-2023
Registered-office move
All acts · 2
updated 2 years ago
2024
27-05-2024 Registered office moved within Herentals
- Diamantstraat 8 bus 306 - 2200 Herentals → Noordervaart 25/105 te 2200 Herentals
2023
22-08-2023 Registered office moved from Antwerpen to Herentals
- Rubenslei 32 bus 2 : 2018 Antwerpen → 2200 Herentals, Diamantstraat 8 bus 306
Notary:
Eric Laenens · Zoersel
Analysis
Financial profile
5 of 5 axes measured41
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
16
Profitability
0
Solvency
33
Growth
58
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 281 of the 6,719 companies in this sector. 203 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Overige recreatie- en ontspanningsactiviteiten, neg93299Hotels en dergelijke accommodatie55100Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111Activiteiten van fitnesscentra93130
Primary activity highlighted.
Names & trade names
| Legal nameNL | Total Solutions |
Registered office
Noordervaart(HRT) 25 bus 105
2200 Herentals, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.