TS FINANCE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €7k and a net result of €-21k. Its solvency ranks better than 23% of 3321 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 3321 sector peers (2024).
NBB · sector comparisonPosition among 3321 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 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.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
46 d late
2023
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€7k▼ 75.2%
2023 · €28k
2023: €28k
2023 → 2024
Net result
€-21k▲ 7.6%
2023 · €-22k
2023: €-22k
2023 → 2024
Total assets
€38k▲ 16.4%
2023 · €33k
2023: €33k
2023 → 2024
Solvency
18.0%▼ 66.3pp
2023 · 84.3%
2023: 84.3%
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€28k-€7k▼ 75.2%
Operating result€-22k-€-20k▲ 10.5%
Net result€-22k-€-21k▲ 7.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2024 against €22k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €38k
Fixed assets
€17k▼ 6.2%
Current assets
€21k▲ 45.1%
Equity and liabilities €38k
Equity
€7k▼ 75.2%
Debt
€31k▲ 508%
The debt ratio rises from 15.7% to 82.0%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
18.0%▼
2023 · 84.3%
ROE
-302.5%▼
2023 · -81.4%
ROA
-54.4%▲
2023 · -68.6%
Debt
€31k▲
2023 · €5k
Debt ≤ 1 year
€19k▲
2023 · €5k
Debt > 1 year
€12k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€33k€38k▲
Fixed assets21/28€18k€17k▼
Tangible fixed assets22/27€18k€17k▼
Furniture and vehicles24€8k€6k▼
Other tangible fixed assets26€10k€11k▲
Current assets29/58€14k€21k▲
Amounts receivable within one year40/41-€128
Trade receivables40-€128
Cash at bank and in hand54/58€14k€20k▲
Deferred charges and accrued income490/1-€454
Equity and liabilities
Total equity and liabilities10/49€33k€38k▲
Equity10/15€28k€7k▼
Contributions10/11€50k€50k=
Profit (loss) carried forward14€-22k€-43k▼
Amounts payable17/49€5k€31k▲
Amounts payable after more than one year17-€12k
Financial debts170/4-€12k
Amounts payable within one year42/48€5k€19k▲
Current portion of amounts payable after more than one year42-€9k
Trade debts44€134-
Suppliers440/4€134-
Other amounts payable47/48€5k€10k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€5k▲
Other operating charges640/8€50€193▲
Gross operating margin9900€-21k€-15k▲
Operating profit (loss)9901€-22k€-20k▲
Financial charges65/66B€65€708▲
Recurring financial charges65€65€708▲
Profit (loss) for the period before taxes9903€-22k€-21k▲
Profit (loss) for the period9904€-22k€-21k▲
Profit (loss) for the period to be appropriated9905€-22k€-21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-43k▼
Profit (loss) brought forward from the previous period14P-€-22k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Morlanwelz · 2 establishment units since 2023
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.
Rue de la Gade(CAR) 627141 MorlanwelzGround area
4,711 m²
Building footprint
213 m²
Volume, LiDAR
4 m³
2 parcels, Wallonia · tallest building 0.1 m. Linked by address, not a title deed.
2 establishment units
TS FINANCE
since 20232.346.570.946
TS FINANCE
since 20232.346.571.045
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56020A0150/00W002 | Wallonia | 3,055 m² | 1 · 116 m² | 0.1 m |
| 56015D0452/00D000 | Wallonia | 1,656 m² | 1 · 96 m² | - |
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.
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Of 4,682 companies in sector 66220 we hold annual accounts for 3,227. 762 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-2023
Fiscal year end31-12
Activities, NACEBEL
66220Insurance agents and brokers
64921Financial service activities, except insurance and pension funding
64922Financial service activities, except insurance and pension funding
64929Financial service activities, except insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.