Equity
-€12,036
Debts exceed assets in financial year 2026.
TS Retail
Lifetime
5 annual accounts with figures on one time axispeak €67,826 (2024)
€26,077▼ 31.6%
lowest -€27,676 (2026)
-€27,676▼ €15,026
peak €28,289 (2024)
-€12,036▼ €27,676
€148,181▼ 5.0%
Board1 name since 2020
1 directorSCHREURS Tim Jos Elisa
Documentsfilings and deeds
30-10-20261 days before the deadline
2026micro format
Gross margin from €38,110 to €26,077Loss of €27,676Registered office moved from Hasselt to Sint-Truiden 23-02Equity from €15,640 to -€12,036Cash from €19,567 to €8,428
Key points
from the 2026 annual accountsLosses
-€40,326 in two years
The 2025 and 2026 financial years closed with a loss. 2026 was the heaviest.
Turnover
≈ €76,000 estimated
The micro format states no turnover.
Debts
€148,181 109% of the balance sheet
Financial debts 46%Suppliers 24%Taxes and wages 2%Other 28%
Of this, €104,467 falls due within a year.
Staff
1.5 FTE from 5.8 in 2024
Between 2024 and 2026, 74% of the full-time equivalents disappeared.
Position in the sector
-€12,036
Less equity than 95% of companies in head offices and management consultancy. Sector median €94,418 · 1,504 companies.
Checked score
51
Fair
Financially stronger than 5% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,555 companies (NACE 70, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025lowest value
05-2025: 0.1%● unchanged vs 04-2025lowest value
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.2%▲ +0.1 percentage points vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.8%▲ +0.6 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.7%▼ -0.1 percentage points vs 08-2026
10-2026: 1.9%▲ +1.2 percentage points vs 09-2026highest value
11-2026: 1.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Negative equity -€12,036
Loss of €27,676, the second in a row (financial year 2026)
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 7% of them on solvency, 7% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,008 companies had the same profile as TS Retail has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TS Retail itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,008 companies, not a prediction for TS Retail. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.62 (0.94 in 2025), below 1. Short-term debt is 76.7% and cash 6.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2026 annual accounts show negative equity and a net loss.
NBB · annual accounts 2026Equity per financial year
2223242526
2022 to 2026 · latest year -€12,036
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 30-10-2026, 1 day ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2026
1 day early
2025
on the day
2024
on the day
2023
29 days early
2022
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 7 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 30 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-03-2027 year end31-10-2027 deadline
Board and ownership
- SCHREURS Tim Jos Elisa founderdeed of 25-06-2020
Shares in 1 company, JJ Retail
Board & ownershipRecent changes
Registered office moved from Hasselt to Sint-Truiden
New registered office: Halingenstraat 76, 3806 Sint-Truiden · Previous registered office: Oude Molenstraat 13, 3512 Hasselt · Board meeting of 20-11-2025 · Gazette deed
Company renamed from TS MANAGEMENT to TS Retail
“Het uitbaten van een webshop in de meest ruime zin; Het uitbaten van een supermarkt in de meest ruime zin…” (deed in Dutch) · General meeting of 03-08-2022 · Gazette deed
Incorporation
Founder: SCHREURS Tim Jos Elisa · Founding capital of €2,000, 100 shares · Appointment: SCHREURS Tim Jos Elisa (director) · published on 25-06-2020 · Gazette deed
First establishment
TS MANAGEMENT, Halingenstraat 76, Sint-Truiden
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TS Retail Sint-Truiden | €136,145 | €26,077 | -8.8% | - |
| PVE Consult Hamont-Achel | €147,391 | €31,263 | 98.9% | - |
| OPGROENINGEN Diepenbeek | €155,819 | €31,566 | 37.9% | - |
| GALIO & PARTNERS Brussels | €140,263 | €25,156 | 26.3% | - |
| S. Cayet Buggenhout | €135,039 | €24,360 | 67.7% | - |
| ETHEON Lennik | €130,631 | €27,392 | 92.9% | - |
| JFJ Ixelles | €130,044 | €27,027 | 24.1% | - |
These companies have the same main activity as TS Retail: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €130,000 and €156,000, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 23-06-2020Normal situation
- Activity
- Business and other management consultancyNACE 70200and 4 others
- Joint committee
- 201Independent retail · annual accounts 31-03-2026
- Establishment unit
- 2.304.015.4623806 Sint-Truiden, since 23-06-2020
- Financial year end
- 31 March
- Peppol
- Reachable
Annual accounts to 31-03-2026
- €136,145▼ 20.7%
- Filing
- Filed on 30-10-2026, 1 day before the end of the filing period
Insights on TS Retail
TS Retail files the micro format. That format states no turnover. The gross margin rose from €4,712 in 2022 to €26,077 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TS Retail
- What is the company number of TS Retail?
- The company number of TS Retail is 0748.846.136. The VAT number is the same number with BE in front: BE 0748.846.136.
- Where is TS Retail based?
- The registered office is at Halingenstraat 76, 3806 Sint-Truiden.Company details
- What does TS Retail do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of TS Retail?
- TS Retail is a private limited company (BV).
- When was TS Retail founded?
- TS Retail was founded on 23-06-2020.
- Is TS Retail still active?
- Yes, TS Retail is an active enterprise in the KBO register.
- How many employees does TS Retail have?
- TS Retail had an average of 1.5 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- Which joint committee does TS Retail fall under?
- In its 31-03-2026 annual accounts, TS Retail states joint committee 201 (Independent retail).
- What is the turnover of TS Retail?
- The turnover in financial year 2026 is ≈ €76,000. This figure is estimated from the gross margin of €26,077 and 144 comparable companies (NACE 70200). It probably lies between €45,000 and €100,000.
- Is TS Retail profitable?
- In financial year 2026, TS Retail made a loss of €27,676.
- Where can I find the annual accounts of TS Retail?
- TS Retail filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of TS Retail due?
- TS Retail must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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