TS FLOORS
ActiveSummary
The computed 12-month bankruptcy probability of TS FLOORS is 2.9% (moderate). The 2024 annual accounts show equity of €46k and a net result of €28k. Its solvency ranks better than 47% of 36375 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
Score 2024
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability89▲+2
Solvency69▲+19
Growth85
Track record94
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 0.82 in 2023; short-term debt: 42.3% and cash: 1.3% of total assets), and 55.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
44.2%
Return on assets
27.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 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
59 d late
2023
61 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€388k▲ 224%
2023 · €120k
2023: €120k
2023 → 2024
EBIT margin
9.8%▼ 4.0pp
2023 · 13.8%
2023: 13.8%
2023 → 2024
Net result
€28k▲ 120%
2023 · €13k
2023: €13k
2023 → 2024
Working capital
€8k
2023 · €-9k
2023: €-9k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Turnover€120k-€388k▲ 224%
Equity€17k-€46k▲ 163%
Operating result€16k-€38k▲ 131%
Net result€13k-€28k▲ 120%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 131% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €104k
Fixed assets
€52k ▲ 86.9%
Current assets
€52k ▲ 22.7%
Equity and liabilities €104k
Equity
€46k ▲ 163%
Debt
€58k ▲ 10.2%
Debt's share of the balance-sheet total falls from 75.1% to 55.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€46k▲
2023 · €17k
Cash flow
€36k▲
2023 · €13k
Current ratio
1.18▲
2023 · 0.82
Debt to equity
1.26▼
2023 · 3.02
ROE
62.0%▼
2023 · 74.1%
ROA
27.4%▲
2023 · 18.4%
Interest coverage
34.45▼
2023 · 262.19
Debt ≤ 1 year
€44k▼
2023 · €51k
Debt > 1 year
€14k
Income taxes
€8k▲
2023 · €4k
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 · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€70k€104k▲
Fixed assets21/28€28k€52k▲
Tangible fixed assets22/27€28k€52k▲
Plant, machinery and equipment23-€4k
Furniture and vehicles24€28k€48k▲
Current assets29/58€42k€52k▲
Amounts receivable within one year40/41€26k€50k▲
Trade receivables40€5k€8k▲
Other amounts receivable41€21k€42k▲
Cash at bank and in hand54/58€16k€1k▼
Equity and liabilities
Total equity and liabilities10/49€70k€104k▲
Equity10/15€17k€46k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€13k€41k▲
Amounts payable17/49€53k€58k▲
Amounts payable after more than one year17-€14k
Financial debts170/4-€14k
Amounts payable within one year42/48€51k€44k▼
Current portion of amounts payable after more than one year42-€6k
Trade debts44€47k€29k▼
Suppliers440/4€47k€29k▼
Taxes, remuneration and social security45€4k€9k▲
Taxes450/3€4k€9k▲
Remuneration and social security454/9€600-
Accrued charges and deferred income492/3€1k€214▼
Income statement
Code20232024
Turnover70€120k€388k▲
Goods, raw materials, services and sundry goods60/61€103k€337k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€293€8k▲
Other operating charges640/8€100€5k▲
Gross operating margin9900€17k€51k▲
Operating profit (loss)9901€16k€38k▲
Financial charges65/66B€64€1k▲
Recurring financial charges65€64€1k▲
Profit (loss) for the period before taxes9903€16k€37k▲
Income taxes67/77€4k€8k▲
Profit (loss) for the period9904€13k€28k▲
Profit (loss) for the period to be appropriated9905€13k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€13k€41k▲
Profit (loss) brought forward from the previous period14P-€13k
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
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
NBB filing
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, Zottegem · 1 establishment unit 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.
Marebeekstraat 99620 ZottegemGround area
880 m²
Building footprint
123 m²
Volume, LiDAR
614 m³
Parcel 41017D1253/02G000, Flanders · tallest building 9.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TS FLOORS
since 20232.344.354.101
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41017D1253/02G000 | Flanders | 880 m² | 1 · 123 m² | 9.6 m · 1 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.
Similar companies · same sector, comparable size
H.Ö. DECOR
BE 0862.568.738
Elsene · Eq €45,418
BC DECOR
BE 0882.639.325
Ramillies · Eq €45,295
C-Ling
BE 0693.821.697
Ardooie · Eq €45,267
SEMRA
BE 0429.732.368
Andenne · Eq €44,750
PETER VERCAUTEREN
BE 0885.084.616
Berlaar · Eq €44,298
Of 747 companies in sector 43332 we hold annual accounts for 411. 330 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
Founded19-04-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43332Laying of wooden floor and wall coverings
43333Wallpapering and laying of floor and wall coverings in other materials
43341Painting of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:tsfloors12@gmail.com