Active BE 0830.218.842Private limited company (pre-2019)Open bankruptcy

TP CONNECTIONS

Aartrijkestraat(EER) 21 ·8480 Ichtegem, Belgium· 15 yrs active

Sector: NACE 61100 (61100)

Conclusion Checked

A bankruptcy procedure is open for TP CONNECTIONS according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-296k) and a net result of €-154k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-296k
Net result	€-154k
Staff (FTE)	9.6
Active	15 yrs

Snowflake analysis 5 axes · computed by Checked

33 / 100

Fragile profile — watch health in particular.

Health 0

Profitability 100

Solvency 35

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2022 · computed

0 / 100 Critical

050100

Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 10-08-2023 with the NBB · fiscal year 2022 · verkort

Operating resultNet result

EBITDA

€-11k

+95.6% 18–22

Net profit

€-154k

+61.9% 18–22

Cash flow

€-52k

+82.4% 18–22

Total assets

€1.47M

-33.4% 18–22

Equity

€-296k

-107.6% 18–22

Working capital

€-516k

+7.3% 18–22

Employees (FTE)

10

-52.9% 18–22

Staff costs

€328k

-60.4% 18–22

Income taxes

€2k

-58.1% 18–22

Debt

€1.77M

-24.8% 18–22

Debt ≤ 1y

€1.18M

-7.3% 18–22

Debt > 1y

€585k

-45.6% 18–22

Current ratio

0.56

0.0% 18–22

Quick ratio

0.56

0.0% 18–22

Solvency

-20.2%

-211.5% 18–22

Debt / equity

-5.96

+63.8% 18–22

ROE

51.8%

-81.7% 18–22

ROA

-10.5%

+42.9% 18–22

Interest coverage

-0.17

+96.7% 18–22

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	—
EBITDA	€-11k
Net profit	€-154k
Cash flow	€-52k
Staff costs	€328k
Income taxes	€2k
Dividends	—
Total assets	€1.47M
Equity	€-296k
Debt	€1.77M
of which ≤ 1y	€1.18M
of which > 1y	€585k
Working capital	€-516k
Employees (FTE)	9.6

Ratios (computed)

	2022
Current ratio	0.56
Quick ratio	0.56
Working capital ratio	-35.1%
Solvency	-20.2%
Debt / equity	-5.96
Long-term debt ratio	-1.97
Interest coverage	-0.17
Gross margin	—
Net margin	—
ROA	-10.5%
ROE	51.8%
EBITDA margin	—
Days sales outstanding	—
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2022

Assets

Fixed assets €806k · 54.9% Current assets €664k · 45.2%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet — Assets
TOTAL ASSETS	20/58	€1.47M
Fixed assets	21/28	€806k
Tangible fixed assets	22/27	€631k
Financial fixed assets	28	€175k
Current assets	29/58	€664k
Amounts receivable within one year	40/41	€632k
Cash & bank	54/58	€31k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.47M
Equity	10/15	€-296k
Contributions / capital	10/11	€19k
Reserves	13	€259k
Accumulated profits (losses)	14	€-574k
Amounts payable	17/49	€1.77M
Amounts payable after one year	17	€585k
Amounts payable within one year	42/48	€1.18M
Trade debts payable within one year	44	€244k
Income statement
Gross operating margin	9900	€346k
Operating result	9901	€-112k
Financial income	75	€23k
Financial charges	65	€63k
Result before taxes	9903	€-152k
Income taxes	67/77	€2k
Net result for the period	9904	€-154k
Result to be appropriated	9905	€-154k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	CHRISTINE VERMEIRE GROENDREEF 8, 8400 OOSTENDE ↔ Also on 11 other cases	07-12-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	61100
Legal form	Private limited company (pre-2019)(015)
Incorporation	11-10-2010
Status	Active
Postal code	8480
First BS signal	13-12-2023
Latest BS signal	13-12-2023

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

TP CONNECTIONS

Aartrijkestraat(EER) 21, 8480 IchtegemVervaardiging van apparatuur voor radio- en teledistributie

since 20102.192.612.843

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
35003D0028/00M000	Flanders	1,074 m²	1 · 219 m²	9.7 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

13-12-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Brugge · TP CONNECTIONS BV AARTRIJKESTRAAT 21, 8480 ICHTEGEM · event 07-12-2023

10-08-2023