TS Executive
ActiveThe computed 12-month bankruptcy probability of TS Executive is 2.3% (moderate). The 2025 annual accounts show negative equity (€-25k) and a net result of €-28k. Equity is shrinking by ~40% per year across the filed fiscal years. Its solvency ranks better than 8% of 7697 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
27
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-74
Solvency0▼-30
Growth32=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.69 against 1.04 in 2024; short-term debt: 144.9% and cash: 88.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
-44.9%
Return on assets
-50.3%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-25k
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 10-07-2026, 21 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
21 d early
2024
12 d late
2023
22 d late
2022
63 d late
2021
73 d late
2020
61 d late
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-25k
2024 · €3k
2020: €22k
2021: €15k
2022: €22k
2023: €3k
2024: €3k
2020 → 2025
Total assets
€56k▼ 14.1%
2024 · €66k
2020: €45k
2021: €43k
2022: €49k
2023: €61k
2024: €66k
2020 → 2025
Net result
€-28k
2024 · €3k
2020: €19k
2021: €-7k
2022: €7k
2023: €23k
2024: €3k
2020 → 2025
Working capital
€-26k
2024 · €3k
2020: €18k
2021: €11k
2022: €20k
2023: €2k
2024: €3k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€15k-€22k▲ 48.0%€3k▼ 86.3%€3k=€-25k
Operating result€-6k-€11k€31k▲ 181%€4k▼ 87.1%€-28k
Net result€-7k-€7k€23k▲ 223%€3k▼ 87.5%€-28k
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 2025: a loss of €28k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €56k
Fixed assets
€189▼ 49.9%
Current assets
€56k▼ 13.9%
Key figures and ratios
EBITDA
€-28k▼
2024 · €4k
Cash flow
€-28k▼
2024 · €3k
Solvency
-44.9%▼
2024 · 4.6%
Current ratio
0.69▼
2024 · 1.04
Quick ratio
0.69▼
2024 · 1.04
Debt / equity
-3.22▼
2024 · 20.86
ROA
-50.3%▼
2024 · 4.4%
Interest coverage
-237.12▼
2024 · 31.64
Debt
€82k▲
2024 · €63k
Debt ≤ 1 year
€82k▲
2024 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€66k€56k▼
Fixed assets21/28€377€189▼
Tangible fixed assets22/27€188€0▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€188€0▼
Financial fixed assets28€189€189=
Current assets29/58€65k€56k▼
Amounts receivable within one year40/41€15k€6k▼
Trade receivables40€11k€6k▼
Other amounts receivable41€4k-
Cash at bank and in hand54/58€50k€50k▲
Deferred charges and accrued income490/1-€221
Equity and liabilities
Total equity and liabilities10/49€66k€56k▼
Equity10/15€3k€-25k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14-€-28k
Amounts payable17/49€63k€82k▲
Amounts payable within one year42/48€63k€82k▲
Trade debts44€189€8k▲
Suppliers440/4€189€8k▲
Taxes, remuneration and social security45€7k€2k▼
Taxes450/3€7k€2k▼
Other amounts payable47/48€56k€72k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€213€188▼
Other operating charges640/8€387€400▲
Gross operating margin9900€5k€-28k▼
Operating profit (loss)9901€4k€-28k▼
Financial charges65/66B€134€118▼
Recurring financial charges65€134€118▼
Profit (loss) for the period before taxes9903€4k€-28k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€3k€-28k▼
Profit (loss) for the period to be appropriated9905€3k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€-28k▼
Profit to be distributed694/7€3k-
Return on contributions (dividend)694€3k-
The notes to these accounts (5 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-28k ▼1089%
Net result drops to €-28k, the lowest in the series.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
31-12
Financial
Highest result since 2020net €23k ▲223%
Operating result €31k, net result €23k, both a record.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
12-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 73 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Agatha-Berchem · 1 establishment unit since 2020
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.
Keizer Karellaan 5841082 Sint-Agatha-BerchemGround area
2,983 m²
Building footprint
1,288 m²
Volume, LiDAR
41,449 m³
Parcel 21003A0289/00L011, Brussels · tallest building 47.0 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
TS Executive
since 20202.298.715.106
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0289/00L011 | Brussels | 2,983 m² | 1 · 1,288 m² | 47.0 m · 11 fl. |
Linked by address, not proof of ownership
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.
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Of 24,505 companies in sector 82990 we hold annual accounts for 9,396. 2,315 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2020
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.