TS-R
ActiveTS-R has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60k and a net result of €4k. Equity is growing by ~10.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 26056 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
69
/ 100
Healthy▼ -1 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability32▲+32
Solvency37▼-63
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 3.18 in 2023), but 87.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
12.9%
Return on assets
0.8%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
30 d late
2022
76 d early
2021
34 d early
2020
33 d early
2019
13 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€60k▲ 6.8%
2023 · €56k
2018: €23k
2019: €26k
2020: €63k
2021: €63k
2022: €63k
2023: €56k
2018 → 2024
Total assets
€464k▲ 514%
2023 · €76k
2018: €73k
2019: €123k
2020: €178k
2021: €121k
2022: €106k
2023: €76k
2018 → 2024
Net result
€4k
2023 · €-7k
2018: €15k
2019: €3k
2020: €38k
2021: €1k
2022: €7k
2023: €-7k
2018 → 2024
Working capital
€43k▲ 1.8%
2023 · €42k
2018: €26k
2019: €31k
2020: €34k
2021: €31k
2022: €40k
2023: €42k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€63k-€63k=€63k▼ 0.3%€56k▼ 11.2%€60k▲ 6.8%
Operating result€47k-€4k▼ 91.8%€11k▲ 181%€-6k€13k
Net result€38k-€1k▼ 96.8%€7k▲ 480%€-7k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €13k after a loss of €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €464k
Fixed assets
€366k▲ 2,556%
Current assets
€99k▲ 59.3%
Equity and liabilities €464k
Equity
€60k▲ 6.8%
Debt
€404k▲ 1,979%
The debt ratio rises from 25.7% to 87.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€31k▲
2023 · €8k
Cash flow
€22k▲
2023 · €8k
Solvency
12.9%▼
2023 · 74.3%
Current ratio
1.78▼
2023 · 3.18
Quick ratio
0.90▼
2023 · 2.57
Debt / equity
6.74▲
2023 · 0.35
ROE
6.3%▲
2023 · -12.6%
ROA
0.8%▲
2023 · -9.3%
Interest coverage
4.02▼
2023 · 11.50
Debt
€404k▲
2023 · €19k
Debt ≤ 1 year
€55k▲
2023 · €19k
Debt > 1 year
€349k
Income taxes
€2k▲
2023 · €195
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€76k€464k▲
Fixed assets21/28€14k€366k▲
Tangible fixed assets22/27€14k€366k▲
Land and buildings22-€358k
Furniture and vehicles24€8k€4k▼
Other tangible fixed assets26€6k€3k▼
Current assets29/58€62k€99k▲
Stocks and contracts in progress3€12k€49k▲
Stocks30/36€12k€49k▲
Amounts receivable within one year40/41€35k€34k▼
Trade receivables40€35k€29k▼
Other amounts receivable41-€5k
Cash at bank and in hand54/58€15k€16k▲
Equity and liabilities
Total equity and liabilities10/49€76k€464k▲
Equity10/15€56k€60k▲
Contributions10/11€19k€19k=
Reserves13€45k€45k=
Distributable reserves133€45k€45k=
Profit (loss) carried forward14€-7k€-3k▲
Amounts payable17/49€19k€404k▲
Amounts payable after more than one year17-€349k
Financial debts170/4-€293k
Other amounts payable178/9-€56k
Amounts payable within one year42/48€19k€55k▲
Current portion of amounts payable after more than one year42€4k€9k▲
Trade debts44€4k€37k▲
Suppliers440/4€4k€37k▲
Taxes, remuneration and social security45€11k€10k▼
Taxes450/3€11k€10k▼
Other amounts payable47/48€502-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€18k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€10k€32k▲
Operating profit (loss)9901€-6k€13k▲
Financial income75/76B€262€123▼
Recurring financial income75€262€123▼
Financial charges65/66B€735€8k▲
Recurring financial charges65€735€8k▲
Profit (loss) for the period before taxes9903€-7k€6k▲
Income taxes67/77€195€2k▲
Profit (loss) for the period9904€-7k€4k▲
Profit (loss) for the period to be appropriated9905€-7k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-3k▲
Profit (loss) brought forward from the previous period14P-€-7k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-7k ▼202%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €38k ▲1377%
Operating result €47k, net result €38k, both a record.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
11-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
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
2 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, Hoegaarden · 1 establishment unit since 2016
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.
Tramstraat 33320 HoegaardenGround area
2,151 m²
Building footprint
173 m²
Parcel 24712A0862/00E002, Flanders. Linked by address, not a title deed.
1 establishment unit
TS-R
since 20162.249.995.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24712A0862/00E002 | Flanders | 2,151 m² | 1 · 173 m² | - |
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.
Similar companies · same sector, comparable size
FROU-FROU
BE 0431.700.676
Awans · Eq €60k
ANOUAL STORE
BE 0802.601.061
Sint-Jans-Molenbeek · Eq €60k
GOIA
BE 0835.348.459
De Haan · Eq €60k
Global Activities
BE 0825.771.292
Aalst · Eq €60k
DS GD Belgium
BE 0759.664.210
Watermaal-Bosvoorde · Eq €60k
Of 6,457 companies in sector 47716 we hold annual accounts for 2,421. 1,871 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-2016
Fiscal year end31-12
Activities, NACEBEL
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.