TS INSTAL
The computed 12-month bankruptcy probability of TS INSTAL is 0.4% (very low). The 2025 annual accounts show negative equity (€-23k) and a net result of €3k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 56 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-23k |
| Net result | €3k |
| Better than sector | 5% |
| Active | 4 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -9.9% | 48.3% | |
| Net result | €3k | €31k | |
| Equity | €-23k | €187k | |
| Gross operating margin | €4k | €59k | |
| Total assets | €229k | €477k |
| Fiscal year | 2025 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €4k |
| Net profit | €3k |
| Cash flow | €3k |
| Staff costs | - |
| Income taxes | €831 |
| Dividends | - |
| Total assets | €229k |
| Equity | €-23k |
| Debt | €252k |
| of which ≤ 1y | €252k |
| of which > 1y | - |
| Working capital | €-23k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.91 |
| Quick ratio | 0.91 |
| Working capital ratio | -10.0% |
| Solvency | -9.9% |
| Debt / equity | -11.05 |
| Long-term debt ratio | - |
| Interest coverage | 38.19 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.4% |
| ROE | -14.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | 169d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €229k |
| Fixed assets | 21/28 | €0 |
| Formation expenses | 20 | €30 |
| Intangible fixed assets | 21 | €0 |
| Current assets | 29/58 | €229k |
| Amounts receivable within one year | 40/41 | €225k |
| Cash & bank | 54/58 | €4k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €229k |
| Equity | 10/15 | €-23k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €-28k |
| Amounts payable | 17/49 | €252k |
| Amounts payable within one year | 42/48 | €252k |
| Trade debts payable within one year | 44 | €102k |
| Income statement | ||
| Gross operating margin | 9900 | €4k |
| Operating result | 9901 | €4k |
| Financial charges | 65 | €113 |
| Result before taxes | 9903 | €4k |
| Income taxes | 67/77 | €831 |
| Net result for the period | 9904 | €3k |
| Result to be appropriated | 9905 | €3k |
-
ORTIZ LAGOS Jose ManuelDirectorState Gazette act 24413039 (05-07-2024)Current05-07-2024 → present
2 events
- 05-07-2024 Appointed· Director
- 05-07-2024 Resigned· Manager
| NACE primary | Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts(71121) |
| Legal form | Cooperative company(706) |
| Incorporation | 23-05-2022 |
| Status | Active |
| Postal code | 1050 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21009A1057/00C009 | Brussels | 435 m² | 1 · 84 m² | 16.7 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
05-07-2024 1 director appointed, 1 resigning
- ORTIZ LAGOS Jose Manuel, Bestuurder
- ORTIZ LAGOS Jose Manuel, Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_in",
"role": "administrateur",
"person": {
"rrn": null,
"name": "ORTIZ LAGOS Jose Manuel",
"address": "Avenue Louise, 228/b8.2 - 1050 Bruxelles",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "director_out",
"role": "gerant",
"person": {
"rrn": null,
"name": "ORTIZ LAGOS Jose Manuel",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "end_of_term",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "decharge_pending",
"role": "administrateur",
"person": {
"rrn": null,
"name": "ORTIZ LAGOS Jose Manuel",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u2019assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cidera \u00E0 la prochaine assembl\u00E9e g\u00E9n\u00E9rale annuelle sur la d\u00E9charge \u00E0 l\u2019 administrateur d\u00E9missionnaire pour l\u2019ex\u00E9cution de son mandat au sein de la soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e \u00AB TS INSTAL \u00BB.",
"decharge_status": "pending_next_agm",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "rep_rotation",
"role": "vaste_vertegenwoordiger",
"person": {
"rrn": null,
"name": "ORTIZ LAGOS Jose Manuel",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "decharge_granted",
"role": "commissaris",
"person": {
"rrn": null,
"name": "Denys Leboutte",
"address": "4020 Li\u00E8ge, Boulevard Emile de Laveleye, 203",
"birth_date": null,
"profession": "R\u00E9viseur d\u2019Entreprises",
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": {
"kbo": null,
"name": "SRL 3R, Leboutte \u0026 Co",
"address": null,
"country": null,
"legal_form": "SRL"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Christophe HOSPEL",
"firm_city": null,
"firm_name": null,
"office_city": "Montigny-le-Tilleul",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-07-05",
"filing_date": "2024-07-03",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2024-06-13",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0786.484.611",
"name_full": "TS INSTAL",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameFR | TS INSTAL |