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TSAKI

Active
Private limited companyfounded 20215 yrs activeOud-Stationsplein 5, 2830 Willebroek, BelgiumKBO/BCE: BE 0761.933.812
Summary

TSAKI has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159,922 and a net result of €22,994. Equity is growing by ~24.3% per year across the filed fiscal years. Its solvency ranks better than 70% of 9574 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability82▼-3
Solvency98▲+10
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 3.52 against 2.48 in 2024; short-term debt: 27% and cash: 21.1% of total assets), and 27% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
73%
Return on assets
10.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-09-2026, 57 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 · 5 filings
Deviation from the deadline
2025
57 d late
2024
61 d late
2023
30 d late
2022
396 d late
2021
108 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 130 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 30 September (4 of the last 5 filed years within 47 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 22 January 2021, TSAKI was incorporated as a Private limited company.1 Total assets went from EUR 59,234 in 2021 to EUR 219,012 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€159,922▲ 1.9%
2024 · €156,928
Total assets
€219,012▼ 12.0%
2024 · €248,761
Net result
€22,994▼ 30.2%
2024 · €32,921
Working capital
€149,091▲ 9.5%
2024 · €136,141
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result€30,138-€55,757▲ 85.0%€71,350▲ 28.0%€41,588▼ 41.7%€32,557▼ 21.7%
Net result€24,247within the sector's middle half-€43,502above the sector's middle half▲ 79.4%€86,179above the sector's middle half▲ 98.1%€32,921within the sector's middle half▼ 61.8%€22,994within the sector's middle half▼ 30.2%
Equity€27,247within the sector's middle half-€70,749within the sector's middle half▲ 160%€156,928within the sector's middle half▲ 122%€156,928within the sector's middle half=€159,922within the sector's middle half▲ 1.9%
Total assets€59,234below the sector's middle half-€149,598within the sector's middle half▲ 153%€246,216within the sector's middle half▲ 64.6%€248,761within the sector's middle half▲ 1.0%€219,012within the sector's middle half▼ 12.0%
Debt€31,987-€78,849▲ 147%€89,288▲ 13.2%€91,832▲ 2.8%€59,090▼ 35.7%
Working capital€6,280below the sector's middle half-€14,529within the sector's middle half▲ 131%€136,083above the sector's middle half▲ 837%€136,141above the sector's middle half=€149,091above the sector's middle half▲ 9.5%
Solvency46.0%within the sector's middle half-47.3%within the sector's middle half▲ 1.3pp63.7%within the sector's middle half▲ 16.4pp63.1%within the sector's middle half▼ 0.7pp73.0%within the sector's middle half▲ 9.9pp
Current ratio1.20within the sector's middle half-1.23within the sector's middle half▲ 0.032.60within the sector's middle half▲ 1.372.48within the sector's middle half▼ 0.113.52within the sector's middle half▲ 1.04
Return on assets (ROA)40.9%above the sector's middle half-29.1%above the sector's middle half▼ 11.9pp35.0%above the sector's middle half▲ 5.9pp13.2%within the sector's middle half▼ 21.8pp10.5%within the sector's middle half▼ 2.7pp
above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000Operating result 2021: €30,138€30,138Net result 2021: €24,247€24,247Operating result 2022: €55,757€55,757Net result 2022: €43,502€43,502Operating result 2023: €71,350€71,350Net result 2023: €86,179€86,179Operating result 2024: €41,588€41,588Net result 2024: €32,921€32,921Operating result 2025: €32,557€32,557Net result 2025: €22,994€22,99420212022202320242025€0€25,000€50,000€75,000Operating result 2023: €71,350€71,300Net result 2023: €86,179€86,200Operating result 2024: €41,588€41,600Net result 2024: €32,921€32,900Operating result 2025: €32,557€32,600Net result 2025: €22,994€23,000202320242025
The operating result has fallen two years in a row; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219,012
Fixed assets €10,832 ▼ 47.3%
Current assets €208,181 ▼ 8.7%
Equity and liabilities €219,012
Equity €159,922 ▲ 1.9%
Debt €59,090 ▼ 35.7%
Debt's share of the balance-sheet total falls from 36.9% to 27.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€40,091▼
2024 · €50,335
Cash flow
€30,528▼
2024 · €41,668
Debt to equity
0.37▼
2024 · 0.59
ROE
14.4%▼
2024 · 21.0%
Interest coverage
38.35▲
2024 · 36.49
Debt ≤ 1 year
€59,090▼
2024 · €91,832
Income taxes
€11,450▲
2024 · €9,412
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€248,761€219,012▼
Formation expenses20€247-
Fixed assets21/28€20,541€10,832▼
Intangible fixed assets21€6,657€5,228▼
Tangible fixed assets22/27€10,884€5,603▼
Plant, machinery and equipment23€1,704€1,157▼
Furniture and vehicles24€9,181€4,446▼
Financial fixed assets28€3,000-
Current assets29/58€227,973€208,181▼
Amounts receivable within one year40/41€199,088€161,936▼
Trade receivables40€56,320€46,168▼
Other amounts receivable41€142,767€115,767▼
Cash at bank and in hand54/58€28,885€46,245▲
Equity and liabilities
Total equity and liabilities10/49€248,761€219,012▼
Equity10/15€156,928€159,922▲
Contributions10/11€3,000€3,000=
Reserves13€81,818€81,818=
Distributable reserves133€81,818€81,818=
Profit (loss) carried forward14€72,110€75,104▲
Amounts payable17/49€91,832€59,090▼
Amounts payable within one year42/48€91,832€59,090▼
Current portion of amounts payable after more than one year42€4,036-
Trade debts44€46€454▲
Suppliers440/4€46€454▲
Taxes, remuneration and social security45€44,027€30,669▼
Taxes450/3€44,027€30,669▼
Other amounts payable47/48€43,723€27,967▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,747€7,534▼
Other operating charges640/8€4,065€2,028▼
Non-recurring operating charges66A-€169
Gross operating margin9900€54,400€42,288▼
Operating profit (loss)9901€41,588€32,557▼
Financial income75/76B€2,972€2,933▼
Recurring financial income75€2,972€2,408▼
Non-recurring financial income76B-€525
Financial charges65/66B€2,227€1,045▼
Recurring financial charges65€1,379€1,045▼
Non-recurring financial charges66B€847-
Profit (loss) for the period before taxes9903€42,333€34,444▼
Income taxes67/77€9,412€11,450▲
Profit (loss) for the period9904€32,921€22,994▼
Profit (loss) for the period to be appropriated9905€32,921€22,994▼
Appropriation of the result
Profit (loss) to be appropriated9906€105,031€95,104▼
Profit (loss) brought forward from the previous period14P€72,110€72,110=
Profit to be distributed694/7€32,921€20,000▼
Return on contributions (dividend)694€32,921€20,000▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,360€20,095€6,678€8,747€7,534▼ 13.9%
Other operating charges640/8€268€2,144€1,043€4,065€2,028▼ 50.1%
Non-recurring operating charges66A----€169-
Gross operating margin9900€31,766€77,996€79,071€54,400€42,288▼ 22.3%
Operating profit (loss)9901€30,138€55,757€71,350€41,588€32,557▼ 21.7%
Financial income75/76B-€17€48,848€2,972€2,933▼ 1.3%
Recurring financial income75-€17€48,848€2,972€2,408▼ 19.0%
Non-recurring financial income76B----€525-
Financial charges65/66B€50€978€799€2,227€1,045▼ 53.0%
Recurring financial charges65€50€978€799€1,379€1,045▼ 24.2%
Non-recurring financial charges66B---€847--
Profit (loss) for the period before taxes9903€30,088€54,796€119,398€42,333€34,444▼ 18.6%
Income taxes67/77€5,841€11,294€33,219€9,412€11,450▲ 21.7%
Profit (loss) for the period9904€24,247€43,502€86,179€32,921€22,994▼ 30.2%
Profit (loss) for the period to be appropriated9905€24,247€43,502€86,179€32,921€22,994▼ 30.2%
Line20212022202320242025Change
Assets
Total assets20/58€59,234€149,598€246,216€248,761€219,012▼ 12.0%
Formation expenses20€946€713€480€247--
Fixed assets21/28€20,021€71,427€24,402€20,541€10,832▼ 47.3%
Intangible fixed assets21€6,838€6,628€8,086€6,657€5,228▼ 21.5%
Tangible fixed assets22/27€13,184€61,799€13,316€10,884€5,603▼ 48.5%
Plant, machinery and equipment23-€535€275€1,704€1,157▼ 32.1%
Furniture and vehicles24€13,184€61,264€13,041€9,181€4,446▼ 51.6%
Financial fixed assets28-€3,000€3,000€3,000--
Current assets29/58€38,267€77,458€221,335€227,973€208,181▼ 8.7%
Amounts receivable within one year40/41€27,415€61,120€194,857€199,088€161,936▼ 18.7%
Trade receivables40€12,131€17,123€69,261€56,320€46,168▼ 18.0%
Other amounts receivable41€15,284€43,997€125,595€142,767€115,767▼ 18.9%
Cash at bank and in hand54/58€10,852€16,338€26,478€28,885€46,245▲ 60.1%
Equity and liabilities
Total equity and liabilities10/49€59,234€149,598€246,216€248,761€219,012▼ 12.0%
Equity10/15€27,247€70,749€156,928€156,928€159,922▲ 1.9%
Contributions10/11€3,000€3,000€3,000€3,000€3,000=
Reserves13--€81,818€81,818€81,818=
Distributable reserves133--€81,818€81,818€81,818=
Profit (loss) carried forward14€24,247€67,749€72,110€72,110€75,104▲ 4.2%
Amounts payable17/49€31,987€78,849€89,288€91,832€59,090▼ 35.7%
Amounts payable after more than one year17-€15,920€4,036---
Financial debts170/4-€15,920€4,036---
Amounts payable within one year42/48€31,987€62,929€85,252€91,832€59,090▼ 35.7%
Current portion of amounts payable after more than one year42-€11,556€11,884€4,036--
Trade debts44€12,034€601€669€46€454▲ 880%
Suppliers440/4€12,034€601€669€46€454▲ 880%
Taxes, remuneration and social security45€5,841€17,997€55,034€44,027€30,669▼ 30.3%
Taxes450/3€5,841€17,997€55,034€44,027€30,669▼ 30.3%
Other amounts payable47/48€14,112€32,775€17,665€43,723€27,967▼ 36.0%
Line20212022202320242025Change
Profit (loss) for the period9904€24,247€43,502€86,179€32,921€22,994▼ 30.2%
+ Depreciation and write-downs630€1,360€20,095€6,678€8,747€7,534▼ 13.9%
Operating cash flow (approximation)€25,607€63,597€92,858€41,668€30,528▼ 26.7%
Investment in fixed assets (approximation)--€71,501€40,347-€4,887€2,176▲ 145%
Change in cash-€5,487€10,139€2,407€17,360▲ 621%

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

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 57 days late
2025
31-12
Financial Weakest financial yearnet €22,994 ▼30.2%
Net result drops to €22,994, the lowest in the series.
30-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 396 days late
2023
31-12
Financial Highest result since 2021net €86,179 ▲98.1%
Operating result €71,350, net result €86,179, both a record.
31-12
Financial Liquidity doublescurrent ratio 2.60
Current ratio from 1.23 to 2.60.
31-12
Financial Equity above €150,000Eq €156,928 ▲122%
3 profitable years in a row build equity to €156,928.
2022
16-11
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Willebroek · 1 establishment unit since 2021
seat establishment approximate The establishment unit on the map
Ground area
217 m²
Building footprint
117 m²
Volume, LiDAR
576 m³
Parcel 12040A0523/00K003, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TSAKI
Oud-Stationsplein 5, 2830 WillebroekRepair, maintenance and installation of machinery and equipment
since 20212.313.489.095
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12040A0523/00K003 Flanders 217 m² 1 · 117 m² 8.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of TSAKI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Subsidies and aid

Flemish government

2023 · 1 entry · 225 EUR awarded
Year Entries awardedpaid
2023 1 225 EUR0 EUR
Schemes
1 entry · 225 EUR · Fonds voor Innoveren en Ondernemen

Similar companies · same sector, comparable size

Of 11,567 companies in this sector we hold annual accounts for 6,567. 5,219 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded22-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID 0208:0761933812
Also 9925:BE0761933812
Registered 22-11-2024

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

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