TS MANAGEMENT
ActiveTS MANAGEMENT has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140k and a net result of €59k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 31523 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency3▼-31
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity short (current ratio 0.04 against 1.16 in 2024), and 95.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.8%
Return on assets
2%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 31523 sector peers (2025).
NBB · sector comparisonPosition among 31523 sector peers
Solvency
better than 13%
← weakest
strongest →
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €140k
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
28 d late
2023
26 d late
2022
31 d late
2021
27 d early
2020
31 d late
2019
63 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€140k▲ 73.4%
2024 · €81k
2018: €-23k
2019: €-51k
2020: €-59k
2021: €63k
2022: €55k
2023: €76k
2024: €81k
2018 → 2025
Total assets
€2.92M▲ 704%
2024 · €364k
2018: €335k
2019: €335k
2020: €317k
2021: €316k
2022: €390k
2023: €345k
2024: €364k
2018 → 2025
Net result
€59k▲ 54.7%
2024 · €38k
2018: €-37k
2019: €-28k
2020: €-7k
2021: €21k
2022: €38k
2023: €36k
2024: €38k
2018 → 2025
Working capital
€-2.51M
2024 · €15k
2018: €-53k
2019: €-90k
2020: €-100k
2021: €25k
2022: €11k
2023: €25k
2024: €15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€63k-€55k▼ 11.4%€76k▲ 37.7%€81k▲ 5.6%€140k▲ 73.4%
Operating result€30k-€54k▲ 80.6%€58k▲ 7.6%€61k▲ 6.2%€103k▲ 67.5%
Net result€21k-€38k▲ 78.7%€36k▼ 5.2%€38k▲ 6.6%€59k▲ 54.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 67% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.92M
Fixed assets
€2.82M▲ 982%
Current assets
€103k▲ 0.3%
Equity and liabilities €2.92M
Equity
€140k▲ 73.4%
Debt
€2.78M▲ 884%
The debt ratio rises from 77.8% to 95.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€139k▲
2024 · €95k
Cash flow
€96k▲
2024 · €72k
Solvency
4.8%▼
2024 · 22.2%
Current ratio
0.04▼
2024 · 1.16
Quick ratio
0.04▼
2024 · 1.16
Debt / equity
19.91▲
2024 · 3.51
ROE
42.3%▼
2024 · 47.5%
ROA
2.0%▼
2024 · 10.5%
Interest coverage
13.00▼
2024 · 13.17
Debt
€2.78M▲
2024 · €283k
Debt ≤ 1 year
€2.61M▲
2024 · €88k
Debt > 1 year
€166k▼
2024 · €195k
Income taxes
€33k▲
2024 · €17k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€364k€2.92M▲
Fixed assets21/28€261k€2.82M▲
Tangible fixed assets22/27€260k€240k▼
Land and buildings22€188k€189k▲
Plant, machinery and equipment23€1k€1k▼
Furniture and vehicles24€36k€27k▼
Leasing and similar rights25€27k€17k▼
Other tangible fixed assets26€8k€6k▼
Financial fixed assets28€350€2.58M▲
Current assets29/58€103k€103k▲
Amounts receivable within one year40/41€81k€74k▼
Trade receivables40€48k€59k▲
Other amounts receivable41€33k€16k▼
Cash at bank and in hand54/58€19k€26k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€364k€2.92M▲
Equity10/15€81k€140k▲
Contributions10/11€18k€18k=
Reserves13€62k€121k▲
Distributable reserves133€62k€121k▲
Amounts payable17/49€283k€2.78M▲
Amounts payable after more than one year17€195k€166k▼
Financial debts170/4€195k€166k▼
Amounts payable within one year42/48€88k€2.61M▲
Current portion of amounts payable after more than one year42€29k€27k▼
Financial debts43€1k€1.80M▲
Credit institutions430/8€1k€1.80M▲
Trade debts44€4k€9k▲
Suppliers440/4€4k€9k▲
Taxes, remuneration and social security45€21k€21k▲
Taxes450/3€21k€21k▲
Other amounts payable47/48€34k€756k▲
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Non-recurring operating income76A€1k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€37k▲
Other operating charges640/8€5k€6k▲
Gross operating margin9900€100k€145k▲
Operating profit (loss)9901€61k€103k▲
Financial income75/76B€1k€13▼
Recurring financial income75€1k€13▼
Financial charges65/66B€7k€11k▲
Recurring financial charges65€7k€11k▲
Profit (loss) for the period before taxes9903€56k€92k▲
Income taxes67/77€17k€33k▲
Profit (loss) for the period9904€38k€59k▲
Profit (loss) for the period to be appropriated9905€38k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€38k€59k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€38k€59k▲
To other reserves6921€38k€59k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €59k ▲54.7%
Operating result €103k, net result €59k, both a record.
31-12
Financial
Equity above €100kEq €140k ▲73.4%
5 profitable years in a row build equity to €140k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €21k
Net result €21k after 3 loss-making years.
31-12
Financial
Liquidity times 6current ratio 1.73
Current ratio from 0.28 to 1.73; short-term debt falls from €140k to €34k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Katelijne-Waver · 1 establishment unit since 2010
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.
Berkelei 792860 Sint-Katelijne-WaverGround area
796 m²
Building footprint
204 m²
Volume, LiDAR
1,157 m³
Parcel 12422C0225/00C002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TS Management
since 20102.192.850.987
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12422C0225/00C002 | Flanders | 796 m² | 1 · 204 m² | 8.0 m · 2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 2,190 EUR awarded · 2,190 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 165 EUR | 165 EUR |
| 2023 | 1 | 1,650 EUR | 1,650 EUR |
| 2022 | 1 | 375 EUR | 375 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,218 companies in sector 70200 we hold annual accounts for 52,396. 40,739 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2010
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.