Losses
-€130,393 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
TsasT
Lifetime
3 annual accounts with figures on one time axispeak €3,175 (2024)
-€74,807▼ €77,982
lowest -€105,014 (2025)
-€105,014▼ €93,086
peak €222,107 (2025)
€222,107▲ 48×
€770,737▲ 88.1%
Board1 name since 2023
1 director
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €3,175 to -€74,807Loss of €105,014Equity from €4,621 to €222,107Debts from €409,804 to €770,737Investments €607,704Cash from €18,877 to €11,665
Key points
from the 2025 annual accountsDebts
€770,737 78% of the balance sheet
Financial debts 97%Suppliers 0%Other 3%
Of this, €16,035 falls due within a year.
Investments
€607,704 25.6 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 147.1% higher than in 2024.
Liquidity
0.86 was 42.69 in 2024
Short-term debts rose from €451 to €16,035.
Filings
3 annual accounts 61 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€105,014
Lower net result than 95% of companies in real estate. Sector median €5,854 · 19,790 companies.
Turnover not published (micro format)
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 690 companies had the same profile as TsasT has now. Each dot stands for 2 companies, two years later.
89.1%
were still trading
4.3%
stopped another way
5.2%
went bankrupt
Another 1.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 690 companies, not a prediction for TsasT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Director, since 17-02-2023
- 100 sharesdeed of 20-02-2023
- founderdeed of 20-02-2023
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0798522311
Incorporation
Founding capital of €30,000, 200 shares · Founders: and · Appointment: (director) · published on 20-02-2023 · Gazette deed
First establishment
TS a ST, Waverse steenweg 1409, Auderghem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TsasT Auderghem | €1.0m | -€74,807 | 22.4% | - |
| Ooms Invest Tessenderlo-Ham | €1.0m | -€7,657 | -1.3% | - |
| JOURDAN Bruges | €1.0m | -€37,239 | 77.7% | - |
| LIEGE AIRPORT CORPORATE VILLAGE Grez-Doiceau | €0.9m | -€2,593 | -2.8% | - |
| ROECOO Invest Bruges | €1.0m | -€52,995 | -6.3% | - |
| BUSARD Kortrijk | €1.0m | €1,187 | 100.0% | - |
| BVP 14 Menen | €1.0m | -€23,126 | -31.4% | - |
These companies have the same main activity as TsasT: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €915,000 and €1m, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 16-02-2023Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.345.605.4011160 Auderghem, since 16-02-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2023
Insights on TsasT
TsasT files the micro format. That format states no turnover. The gross margin fell from €1,164 in 2023 to -€74,807 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TsasT
- What is the company number of TsasT?
- The company number of TsasT is 0798.522.311. The VAT number is the same number with BE in front: BE 0798.522.311.
- Where is TsasT based?
- The registered office is at Waverse steenweg 1409, 1160 Auderghem.Company details
- What does TsasT do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of TsasT?
- TsasT is a private limited company (BV).
- When was TsasT founded?
- TsasT was founded on 16-02-2023.
- Is TsasT still active?
- Yes, TsasT is an active enterprise in the KBO register.
- What is the turnover of TsasT?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is TsasT profitable?
- In financial year 2025, TsasT made a loss of €105,014.
- Where can I find the annual accounts of TsasT?
- TsasT filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TsasT due?
- TsasT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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