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TSA

Active
Private limited company (pre-2019)founded 200125 yrs activeRue Lulay 6, 4690 Bassenge, BelgiumKBO/BCE: BE 0474.732.846
Summary

The computed 12-month bankruptcy probability of TSA is 12.0% (high). The 2019 annual accounts show equity of €32,741 and a net result of €5,217. The company has been active since 2001 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).

Checked score

No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Bankruptcy probability: High
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2019
Profitability66
Solvency100
Growth-
Track record69
Bankruptcy probability, 12 months
12.0% High
0%0.5%1.5%4%10%≥ 25%
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Signals

Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Recent warning signals
The last 24 months brought warning signals in the Staatsblad or the KBO, and those often pile up before a bankruptcy.
Belgian State Gazette
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
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 2019
Solvency, return and age of the figures
Solvency
78.4%
Return on assets
12.5%
Age of the figures
89 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 25 years 0 30 y
raises risk · Ex-officio strike-off
The KBO struck this company off ex officio, which points to unmet obligations and often precedes a bankruptcy.
KBO publications
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · No filing for years
The last filed financial year closed on 30-04-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filings
Position against the passed deadline
30-04-2020 close30-11-2020 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2019 was due by 30-11-2019 and was filed on 30-09-2019, 61 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
61 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2019 accounts 61 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publications
Publications
Late accounts filingUBO non-compliance

History

TSA was incorporated on 4 May 2001.1 The company has filed 10 sets of annual accounts, the latest for fiscal year 2019.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019

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Financials · fiscal year 2019, micro schema

Turnover
€28,068
EBIT margin
10.4%
Net result
€5,217
Working capital
€32,029

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €41,780
Fixed assets €712
Current assets €41,068
Equity and liabilities €41,780
Equity €32,741
Debt €9,039
Debt finances 21.6% of the balance-sheet total.
Key figures and ratios
2019 value
EBITDA
€3,104
Cash flow
€5,396
Current ratio
4.54
ROE
15.9%
ROA
12.5%
Debt ≤ 1 year
€9,039
Annual accounts
Filed annual accounts As filed with the NBB · 2019 · 22 lines
Balance sheet Code2019
Assets
Total assets20/58€41,780
Fixed assets21/28€712
Tangible fixed assets22/27€712
Current assets29/58€41,068
Amounts receivable within one year40/41€26,088
Cash at bank and in hand54/58€14,980
Equity and liabilities
Total equity and liabilities10/49€41,780
Equity10/15€32,741
Contributions10/11€18,600
Reserves13€1,860
Profit (loss) carried forward14€12,281
Amounts payable17/49€9,039
Amounts payable within one year42/48€9,039
Trade debts44€3,689
Income statement Code2019
Turnover70€28,068
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€179
Gross operating margin9900€8,604
Operating profit (loss)9901€2,925
Recurring financial income75€2,292
Profit (loss) for the period before taxes9903€5,217
Profit (loss) for the period9904€5,217
Profit (loss) for the period to be appropriated9905€5,217
Line2019
Turnover70€28,068
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€179
Gross operating margin9900€8,604
Operating profit (loss)9901€2,925
Recurring financial income75€2,292
Profit (loss) for the period before taxes9903€5,217
Profit (loss) for the period9904€5,217
Profit (loss) for the period to be appropriated9905€5,217
Line2019
Assets
Total assets20/58€41,780
Fixed assets21/28€712
Tangible fixed assets22/27€712
Current assets29/58€41,068
Amounts receivable within one year40/41€26,088
Cash at bank and in hand54/58€14,980
Equity and liabilities
Total equity and liabilities10/49€41,780
Equity10/15€32,741
Contributions10/11€18,600
Reserves13€1,860
Profit (loss) carried forward14€12,281
Amounts payable17/49€9,039
Amounts payable within one year42/48€9,039
Trade debts44€3,689
Line2019
Profit (loss) for the period9904€5,217
+ Depreciation and write-downs630€179
Operating cash flow (approximation)€5,396

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
03-04
KBO administration Late accounts filing
12-01
KBO administration UBO non-compliance
event 22-12-2025
2019
30-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
08-03
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 98 days late
2016
02-05
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 154 days late
2015
06-03
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 96 days late
2014
23-01
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 54 days late
23-01
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 419 days late
23-01
NBB filing Annual accounts filed
fiscal year 2011 · full schema · 785 days late
2008
30-04
NBB filing Annual accounts filed
fiscal year 2003 · full schema · 1613 days late
30-04
NBB filing Annual accounts filed
fiscal year 2002 · full schema · 1978 days late
SignalNBB filing
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Bassenge · 1 establishment unit since 2001
seat establishment The establishment unit on the map
Ground area
4,459 m²
Building footprint
999 m²
Volume, LiDAR
5,374 m³
2 parcels, Wallonia · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue du Cheval Blanc 45, 4690 Bassenge
Water transport
since 20012.101.349.701
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62044A0613/02B000 Wallonia 4,318 m² 1 · 914 m² 5.7 m · 2 fl.
62044A0459/00L000 Wallonia 141 m² 1 · 85 m² 10.6 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded04-05-2001
Fiscal year end30-04
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.