TS AUTOMATION
ActiveSummary
TS AUTOMATION has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.59M and a net result of €282k. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 81% of 2692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
96
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▼-1
Solvency100▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 4.85 against 2.42 in 2024; short-term debt: 15.3% and cash: 51.7% of total assets), and 20.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.9%
Return on assets
14.2%
Age of the figures
9 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
30 d early
2023
35 d early
2022
26 d early
2021
44 d early
2020
32 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.59M▲ 45.1%
2024 · €1.09M
2018: €616k
2019: €772k
2020: €818k
2021: €881k
2022: €906k
2023: €1.05M
2024: €1.09M
2018 → 2025
Total assets
€1.99M▲ 14.9%
2024 · €1.73M
2018: €900k
2019: €1.40M
2020: €1.52M
2021: €1.33M
2022: €1.48M
2023: €1.63M
2024: €1.73M
2018 → 2025
Net result
€282k▲ 14.1%
2024 · €247k
2018: €152k
2019: €156k
2020: €198k
2021: €106k
2022: €143k
2023: €146k
2024: €247k
2018 → 2025
Working capital
€1.17M▲ 67.8%
2024 · €696k
2018: €563k
2019: €485k
2020: €460k
2021: €521k
2022: €489k
2023: €623k
2024: €696k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€881k-€906k▲ 2.8%€1.05M▲ 16.2%€1.09M▲ 3.9%€1.59M▲ 45.1%
Operating result€156k-€209k▲ 34.4%€217k▲ 3.5%€367k▲ 69.3%€406k▲ 10.7%
Net result€106k-€143k▲ 35.4%€146k▲ 2.5%€247k▲ 68.8%€282k▲ 14.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.99M
Fixed assets
€516k ▼ 5.3%
Current assets
€1.47M ▲ 24.1%
Equity and liabilities €1.99M
Equity
€1.59M ▲ 45.1%
Debt
€400k ▼ 37.1%
Debt's share of the balance-sheet total falls from 36.8% to 20.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€477k▲
2024 · €444k
Cash flow
€353k▲
2024 · €325k
Current ratio
4.85▲
2024 · 2.42
Quick ratio
4.46▲
2024 · 2.38
Debt to equity
0.25▼
2024 · 0.58
ROE
17.8%▼
2024 · 22.6%
ROA
14.2%▼
2024 · 14.3%
Interest coverage
123.01▲
2024 · 33.50
Debt ≤ 1 year
€303k▼
2024 · €489k
Debt > 1 year
€97k▼
2024 · €139k
Income taxes
€127k▲
2024 · €112k
Staff costs
€310k▲
2024 · €224k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.73M€1.99M▲
Fixed assets21/28€544k€516k▼
Tangible fixed assets22/27€544k€516k▼
Land and buildings22€373k€361k▼
Plant, machinery and equipment23€27k€21k▼
Furniture and vehicles24€70k€68k▼
Leasing and similar rights25€74k€66k▼
Current assets29/58€1.18M€1.47M▲
Stocks and contracts in progress3€21k€119k▲
Stocks30/36€21k€119k▲
Amounts receivable within one year40/41€112k€324k▲
Trade receivables40€99k€137k▲
Other amounts receivable41€14k€186k▲
Cash at bank and in hand54/58€1.05M€1.03M▼
Deferred charges and accrued income490/1€783€1k▲
Equity and liabilities
Total equity and liabilities10/49€1.73M€1.99M▲
Equity10/15€1.09M€1.59M▲
Contributions10/11€19k€19k=
Reserves13€998k€1.49M▲
Distributable reserves133€998k€1.49M▲
Profit (loss) carried forward14€76k€76k=
Amounts payable17/49€636k€400k▼
Amounts payable after more than one year17€139k€97k▼
Financial debts170/4€139k€97k▼
Amounts payable within one year42/48€489k€303k▼
Current portion of amounts payable after more than one year42€41k€42k▲
Financial debts43€17k€0▼
Credit institutions430/8€17k€0▼
Trade debts44€43k€30k▼
Suppliers440/4€43k€30k▼
Advances received on contracts in progress46€0€9k▲
Taxes, remuneration and social security45€83k€123k▲
Taxes450/3€50k€81k▲
Remuneration and social security454/9€33k€42k▲
Other amounts payable47/48€305k€99k▼
Accrued charges and deferred income492/3€8k€82▼
Income statement
Code20242025
Remuneration, social security and pensions62€224k€310k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€71k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€41k▲
Other operating charges640/8€7k€5k▼
Non-recurring operating charges66A€255€4k▲
Gross operating margin9900€675k€837k▲
Operating profit (loss)9901€367k€406k▲
Financial income75/76B€5k€6k▲
Recurring financial income75€5k€6k▲
Financial charges65/66B€13k€4k▼
Recurring financial charges65€13k€4k▼
Profit (loss) for the period before taxes9903€359k€409k▲
Income taxes67/77€112k€127k▲
Profit (loss) for the period9904€247k€282k▲
Profit (loss) for the period to be appropriated9905€247k€282k▲
Appropriation of the result
Profit (loss) to be appropriated9906€323k€358k▲
Profit (loss) brought forward from the previous period14P€76k€76k=
Transfer from equity791/2€206k-
Transfer to equity691/2€247k€282k▲
To other reserves6921€247k€282k▲
Profit to be distributed694/7€206k-
Return on contributions (dividend)694€206k-
Social balance
Average headcount (FTE)90874.15.2▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-09
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 21-09-2026
- Registered-office move, Sint-Niklaasstraat(SGW) 129, 9170 Sint-Gillis-Waas
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €282k ▲14.1%
Operating result €406k, net result €282k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.85
Current ratio from 2.42 to 4.85; short-term debt falls from €489k to €303k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.05M ▲16.2%
6 profitable years in a row build equity to €1.05M.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €106k ▼46.7%
Net result drops to €106k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Gillis-Waas · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Niklaasstraat(SGW) 1299170 Sint-Gillis-WaasGround area
1,937 m²
Building footprint
263 m²
Volume, LiDAR
1,679 m³
2 parcels, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Beekstraat(SP) 29, 9170 Sint-Gillis-Waas
since 20102.193.637.083
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46022A0884/00X000 | Flanders | 1,128 m² | 1 · 117 m² | 9.1 m · 2 fl. |
| 46022A0884/00S000 | Flanders | 809 m² | 1 · 147 m² | 11.8 m · 2 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 5 entries · 8,524 EUR awarded · 8,524 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 3,991 EUR | 3,991 EUR |
| 2024 | 1 | 2,100 EUR | 2,100 EUR |
| 2023 | 1 | 2,433 EUR | 2,433 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
Premie kwalificerend werkplekleren
Recognitions · licences · registrations
Dual-learning approval
4 live approvals · 4 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Show 4 ended approvals
Elektrische installaties duaal (so)
Elektrotechnisch installateur (vwo)
Installateur elektrotechnische basiscomponenten duaal (so)
Residentieel elektrotechnisch installateur (so)
Similar companies · same sector, comparable size
TIPIK COMMUNICATION AGENCY
BE 0435.539.007
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PULSAR CONSULTING
BE 0464.074.427
Wavre · Eq €1,592,129
DILEOZ
BE 0898.817.539
Zaventem · Eq €1,592,442
ALLIED COMPUTING SERVICES LIMITED
BE 0466.029.273
Antwerpen · Eq €1,592,955
AMOOBI
BE 0835.209.788
Nivelles · Eq €1,577,344
Of 29,996 companies in sector 62200 we hold annual accounts for 18,393. 6,026 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-11-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
62200Computer consultancy and computer facilities management
43212Electrical installation work in industrial facilities
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.