TS IMMO
ActiveSummary
TS IMMO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7,579 and a net result of -€2,455. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▼-85
Solvency53▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
28.3%
Return on assets
-9.2%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
23 d early
2024
56 d early
2023
27 d early
2022
21 d late
2021
23 d early
2020
20 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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. Usually files around 8 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€7,579▼ 24.5%
2024 · €10,034
Total assets
€26,824▼ 11.3%
2024 · €30,236
Net result
-€2,455
2024 · €11,412
Working capital
€4,579▼ 54.4%
2024 · €10,034
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,820▲ 11.0%-€5,297▼ 87.9%€6,698€17,406▲ 160%-€1,826
Net result-€3,146below the sector's middle half▼ 4.7%-€6,009below the sector's middle half▼ 91.0%€5,782within the sector's middle half€11,412within the sector's middle half▲ 97.4%-€2,455below the sector's middle half
Equity-€1,152below the sector's middle half-€7,161below the sector's middle half▼ 522%-€1,378below the sector's middle half▲ 80.8%€10,034below the sector's middle half€7,579below the sector's middle half▼ 24.5%
Total assets€26,748below the sector's middle half▲ 131%€14,916below the sector's middle half▼ 44.2%€32,318below the sector's middle half▲ 117%€30,236below the sector's middle half▼ 6.4%€26,824below the sector's middle half▼ 11.3%
Debt€27,900▲ 191%€22,076▼ 20.9%€33,697▲ 52.6%€20,202▼ 40.0%€19,245▼ 4.7%
Working capital-€6,463below the sector's middle half-€10,308below the sector's middle half▼ 59.5%-€2,418below the sector's middle half▲ 76.5%€10,034within the sector's middle half€4,579within the sector's middle half▼ 54.4%
Solvency-4.3%below the sector's middle half▼ 21.5pp-48.0%below the sector's middle half▼ 43.7pp-4.3%below the sector's middle half▲ 43.7pp33.2%within the sector's middle half▲ 37.5pp28.3%within the sector's middle half▼ 4.9pp
Current ratio0.66below the sector's middle half▼ 0.550.38below the sector's middle half▼ 0.280.92below the sector's middle half▲ 0.541.50within the sector's middle half▲ 0.571.24within the sector's middle half▼ 0.26
Return on assets (ROA)-11.8%below the sector's middle half▲ 14.2pp-40.3%below the sector's middle half▼ 28.5pp17.9%within the sector's middle half▲ 58.2pp37.7%above the sector's middle half▲ 19.9pp-9.2%below the sector's middle half▼ 46.9pp
Staff (FTE)1.8▲ 63.6%1.5▼ 16.7%1▼ 33.3%1=1=
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
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 €1,826 after €17,406 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €26,824
Fixed assets
€3,000
Current assets
€23,824
Equity and liabilities €26,824
Equity
€7,579 ▼ 24.5%
Debt
€19,245 ▼ 4.7%
Debt's share of the balance-sheet total rises from 66.8% to 71.7%. Equity and debt are lower.
Key figures and ratios
Debt to equity
2.54▲
2024 · 2.01
ROE
-32.4%▼
2024 · 113.7%
Debt ≤ 1 year
€19,245▼
2024 · €20,202
Income taxes
€449▼
2024 · €5,766
Staff costs
€55,363▲
2024 · €53,873
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,549 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 91% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a small loss
3.9%
went bankrupt
3.7%
stopped otherwise
91%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,549 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €55,581 | €62,334 | €49,811 | €53,873 | €55,363 | ▲ 2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,824 | €5,663 | €5,663 | €2,839 | - | - |
| Other operating charges640/8 | €479 | €531 | €547 | €609 | €630 | ▲ 3.5% |
| Gross operating margin9900 | €56,065 | €63,231 | €62,719 | €74,728 | €54,167 | ▼ 27.5% |
| Operating profit (loss)9901 | -€2,820 | -€5,297 | €6,698 | €17,406 | -€1,826 | ▼ 110% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €281 | €543 | €224 | €227 | €180 | ▼ 21.0% |
| Recurring financial charges65 | €281 | €543 | €224 | €227 | €180 | ▼ 21.0% |
| Profit (loss) for the period before taxes9903 | -€3,100 | -€5,840 | €6,474 | €17,179 | -€2,006 | ▼ 112% |
| Income taxes67/77 | €46 | €168 | €691 | €5,766 | €449 | ▼ 92.2% |
| Profit (loss) for the period9904 | -€3,146 | -€6,009 | €5,782 | €11,412 | -€2,455 | ▼ 122% |
| Profit (loss) for the period to be appropriated9905 | -€3,146 | -€6,009 | €5,782 | €11,412 | -€2,455 | ▼ 122% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,748 | €14,916 | €32,318 | €30,236 | €26,824 | ▼ 11.3% |
| Fixed assets21/28 | €14,166 | €8,503 | €2,839 | - | €3,000 | - |
| Tangible fixed assets22/27 | €14,166 | €8,503 | €2,839 | - | €3,000 | - |
| Furniture and vehicles24 | €14,166 | €8,503 | €2,839 | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | €3,000 | - |
| Current assets29/58 | €12,582 | €6,413 | €29,479 | €30,236 | €23,824 | ▼ 21.2% |
| Stocks and contracts in progress3 | €4,250 | - | - | - | - | - |
| Contracts in progress37 | €4,250 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €8,168 | €976 | €22,880 | €2,845 | €12,004 | ▲ 322% |
| Trade receivables40 | €8,168 | €267 | €19,731 | €2,845 | €7,454 | ▲ 162% |
| Other amounts receivable41 | - | €710 | €3,148 | - | €4,551 | - |
| Cash at bank and in hand54/58 | €70 | €1,653 | €3,281 | €25,969 | €10,327 | ▼ 60.2% |
| Deferred charges and accrued income490/1 | €94 | €3,784 | €3,319 | €1,422 | €1,492 | ▲ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,748 | €14,916 | €32,318 | €30,236 | €26,824 | ▼ 11.3% |
| Equity10/15 | -€1,152 | -€7,161 | -€1,378 | €10,034 | €7,579 | ▼ 24.5% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€6,152 | -€12,161 | -€6,378 | €5,034 | €2,579 | ▼ 48.8% |
| Amounts payable17/49 | €27,900 | €22,076 | €33,697 | €20,202 | €19,245 | ▼ 4.7% |
| Amounts payable after more than one year17 | €8,855 | €5,355 | €1,800 | - | - | - |
| Financial debts170/4 | €8,855 | €5,355 | €1,800 | - | - | - |
| Amounts payable within one year42/48 | €19,045 | €16,721 | €31,897 | €20,202 | €19,245 | ▼ 4.7% |
| Current portion of amounts payable after more than one year42 | €3,444 | €3,499 | €6,556 | €1,800 | €1,264 | ▼ 29.8% |
| Trade debts44 | €138 | €1,527 | €5,556 | €1,711 | €4,045 | ▲ 136% |
| Suppliers440/4 | €138 | €1,527 | €5,556 | €1,711 | €4,045 | ▲ 136% |
| Taxes, remuneration and social security45 | €15,464 | €10,106 | €9,785 | €16,691 | €13,936 | ▼ 16.5% |
| Taxes450/3 | €4,432 | €4,106 | €2,694 | €8,440 | €5,497 | ▼ 34.9% |
| Remuneration and social security454/9 | €11,032 | €6,000 | €7,091 | €8,251 | €8,439 | ▲ 2.3% |
| Other amounts payable47/48 | - | €1,589 | €10,000 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,146 | -€6,009 | €5,782 | €11,412 | -€2,455 | ▼ 122% |
| + Depreciation and write-downs630 | €2,824 | €5,663 | €5,663 | €2,839 | - | - |
| Operating cash flow (approximation) | -€322 | -€345 | €11,446 | €14,252 | -€2,455 | ▼ 117% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - |
| Change in cash | - | €1,583 | €1,628 | €22,688 | -€15,642 | ▼ 169% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €11,412 ▲97.4%
Operating result €17,406, net result €11,412, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5,782
Net result €5,782 after 3 loss-making years.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
31-12
Financial
Weakest financial yearnet -€6,009
Net result drops to -€6,009, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Huy · 1 establishment unit since 2019
Ground area
786 m²
Building footprint
209 m²
Parcel 61031B0865/00L002, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TS IMMO
since 20192.290.103.583
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61031B0865/00L002 | Wallonia | 785 m² | 1 · 209 m² | - |
Linked by address, not proof of ownership
Good to know
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 11,577 companies in sector 71121 we hold annual accounts for 6,570. 2,480 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
74112Other professional, scientific and technical activities
Contact
E-mail
info@ts-immo.be
Phone
+32495223976
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726841586
Registered
28-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.