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TS-R

Active
Private limited companyfounded 2016active for 10 yearsTramstraat 3, 3320 Hoegaarden, BelgiumKBO/BCE: BE 0646.702.661
Summary

TS-R has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,284 and a net result of €2,291. Equity has been growing by about 4.6% per year since 2018. Its solvency ranks better than 32% of 22,726 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Overview

Official details

Source: KBO
Status
Active since 13-01-2016 Normal situation
Activity
Retail sale of clothing and accessories for women, men, children and babies (general range) NACE 47716
Establishment unit
2.249.995.865 3320 Hoegaarden, since 18-01-2016
Financial year end
31 December
Peppol
Reachable

Financial position

63 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.4%
Annual accounts 2025
Gross margin
€46,694
▲ 45.0%
Turnover
≈ €230,000
estimated
Profit
€2,291
▼ 39.9%
Equity
€62,284
▲ 3.8%
Total assets
€477,975
▲ 2.9%
  • 2025 accounts filed 61 days after the deadline
Filed on 30-09-2026
Score breakdownraises riskLast filed accounts filed 61 days late; 2 of the last 3 accounts lateLiquidity: current ratio 1.83, cash €4,466, halvedSector: Retail trade (NACE 47)lowers riskSize: total assets €477,975Show the evidence

Checked score

Score 2025
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 39% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Weak
Solvency 38=
equity 13.0% of total assets
Liquidity 48-5
short-term debt 14.9% · cash 0.9%
Profitability 36-17
return on assets 0.5%
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 0.6% 01-2025: 0.6%● unchanged vs 12-2024lowest value 02-2025: 0.6%● unchanged vs 01-2025lowest value 03-2025: 0.6%● unchanged vs 02-2025lowest value 04-2025: 0.7%▲ +0.1 percentage points vs 03-2025 05-2025: 0.6%▼ -0.1 percentage points vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025 09-2025: 1.2%▲ +0.1 percentage points vs 08-2025 10-2025: 1.3%▲ +0.1 percentage points vs 09-2025 11-2025: 1.3%● unchanged vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.3%● unchanged vs 02-2026 04-2026: 1.3%● unchanged vs 03-2026 05-2026: 1.4%▲ +0.1 percentage points vs 04-2026 06-2026: 1.3%▼ -0.1 percentage points vs 05-2026 07-2026: 1.2%▼ -0.1 percentage points vs 06-2026 08-2026: 1.5%▲ +0.3 percentage points vs 07-2026 09-2026: 1.9%▲ +0.4 percentage points vs 08-2026highest value 10-2026: 1.4%▼ -0.5 percentage points vs 09-2026 11-2026: 1.4%● unchanged vs 10-2026
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.83 (1.78 in 2024), above the usual 1.5. Short-term debt is 14.9% and cash 0.9% of total assets. However, 87% of the assets are financed with debt and provisions.
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 47, micro). It does better than 29% of them on solvency, 48% on liquidity, 28% on profitability and 49% on growth.

The bankruptcy probability was computed on 01-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
raises risk · Last filed accounts filed 61 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €477,975
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.83, cash €4,466, halved
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
61 days late
2024
61 days late
2023
30 days late
2022
76 days early
2021
34 days early
2020
33 days early
2019
13 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 65 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Larger balance sheet than 85% of companies in retail tradesector median €149,951 · 22,735 companies €477,975 View

Recent changes

  1. · Gazette deed Amendment of the articles · Legal-form change · Resignations & appointmentsResignation: SCARCÉRIAUX Thomas Emile Ursule (manager and director) · Reappointment: SCARCÉRIAUX Thomas Emile Ursule (director)
  2. · Gazette deed Incorporation
All 15 events

Comparable companies

These companies have the same main activity as TS-R: retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716). They are comparable in size and age: total assets between €371,000 and €571,000, founded between 2015 and 2018.

CompanyTotal assetsGross margin
TS-R Hoegaarden€477,975€46,694
CILIA Liège€538,170€48,383
VédéA Aalter€452,224€37,234
Cavallo Concept Heusden-Zolder€571,127€43,847
CaroK Ukkel€426,151€37,304
Torisport Laarne€370,965€53,382
LIMOU Retie€482,858€35,759
Full comparison

Key facts about TS-R

What is the company number of TS-R?
The company number of TS-R is 0646.702.661. The VAT number is the same number with BE in front: BE 0646.702.661.
Where is TS-R based?
The registered office is at Tramstraat 3, 3320 Hoegaarden.Company details
What does TS-R do?
According to the KBO register, the main activity is retail sale of clothing and accessories for women, men, children and babies (general range) (NACE 47716).
What is the legal form of TS-R?
The legal form of TS-R is Private limited company (BV).
When was TS-R founded?
TS-R was founded on 13-01-2016.
Is TS-R still active?
Yes, TS-R is an active enterprise in the KBO register.
What is the turnover of TS-R?
The turnover in financial year 2025 is ≈ €230,000. This figure is estimated from the gross margin of €46,694 and 51 comparable companies (NACE 477). It probably lies between €120,000 and €400,000.Financials
Is TS-R profitable?
In financial year 2025, TS-R made a profit of €2,291.
Where can I find the annual accounts of TS-R?
TS-R filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TS-R due?
TS-R must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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