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TSC

Active
Private limited companyfounded 2019active for 7 yearsLiebroekstraat 69, 3545 Halen, BelgiumKBO/BCE: BE 0719.352.691
Summary

The computed 12-month bankruptcy probability of TSC is 4.1% (elevated). The 2024 annual accounts show equity of €591,880 and a net result of €2,489. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 23% of 505 sector peers (NACE 28, financial year 2024). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28299Landscape service activities NACE 81300
8th largest company by total assets in Halen, Manufacturing sector1 site
Size
€2.9mtotal assets 2024
Staff
14.1 FTE
Equity
€591,880
Profit
€2,489
Turnover not published (abbreviated or micro format)
Financial health
47 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
4.1%
Structure
Parent
RSH · 80%
Accounts 73 days overdue0 of 4 deeds read
Why 47raises riskFigures for financial year 2024 (filed 03-10-2025)1 financial year not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 lateSize: 14.1 FTE, total assets €2.9mFounded in 2019Show the evidence

Checked score

Score 2024
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 29% of its sector peers (NACE 28, small)
Financial strength · tick = 2023
Weak
Solvency 46+6
equity 20.7% of total assets
Liquidity 34+14
short-term debt 79.3% · cash 22.0%
Profitability 49+9
return on assets 0.1%
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (291 companies, NACE 28, small)
Last 24 months 11-2024: 1.4% 12-2024: 1.4%● unchanged vs 11-2024 01-2025: 1.4%● unchanged vs 12-2024 02-2025: 1.4%● unchanged vs 01-2025 03-2025: 1.4%● unchanged vs 02-2025 04-2025: 1.4%● unchanged vs 03-2025 05-2025: 1.4%● unchanged vs 04-2025 06-2025: 1.5%▲ +0.1 percentage points vs 05-2025 07-2025: 1.6%▲ +0.1 percentage points vs 06-2025 08-2025: 2.3%▲ +0.7 percentage points vs 07-2025 09-2025: 2.5%▲ +0.2 percentage points vs 08-2025 10-2025: 3.8%▲ +1.3 percentage points vs 09-2025 11-2025: 1.3%▼ -2.5 percentage points vs 10-2025lowest value 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: 1.4%▲ +0.1 percentage points vs 02-2026 04-2026: 1.4%● unchanged vs 03-2026 05-2026: 1.5%▲ +0.1 percentage points vs 04-2026 06-2026: 1.5%● unchanged vs 05-2026 07-2026: 1.7%▲ +0.2 percentage points vs 06-2026 08-2026: 2.4%▲ +0.7 percentage points vs 07-2026 09-2026: 2.7%▲ +0.3 percentage points vs 08-2026 10-2026: 4.1%▲ +1.4 percentage points vs 09-2026highest value
Credit of up to €25,000 on 30-day terms, only on tighter conditions
Liquidity tight (current ratio 1.18, compared with 1.12 in 2023; short-term debt: 79.3% and cash: 22% of total assets), and 79.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 28, small): better than 17% on solvency, 33% on liquidity, 27% on profitability and 38% on growth.

The bankruptcy probability was computed on 11-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises riskneutral
raises risk · Figures for financial year 2024 (filed 03-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 61 days late; 2 of the last 3 late
NBB · filings
raises risk · Size: 14.1 FTE, total assets €2.9m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2019
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 505 sector peers (2024).
NBB · sector comparison
Position among 505 sector peers
Solvency
better than 23%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 73 days later.
NBB · 6 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline12-10-2026 today
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. 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 · 6 filings
Deviation from the deadline
2025
not filed
2024
61 days late
2023
28 days late
2022
92 days late
2021
31 days late
2020
27 days late
2019
38 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 46 days after the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · abbreviated…
  2. Annual accounts filedfinancial year 2023 · abbreviated…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Positive: Staff rose in 2024from 6.6 FTE to 14.1 FTE ▲ 114% View
  • Caution: Accounts not fileddeadline was 31-07-2026 73 days late View
  • Positive: 8th largest company by total assets in Halen, Manufacturing sectorin the Checked rankings No. 8 View
  • Controlled by RSH 80% View
  • Flemish supportawarded from 2023 to 2025 €125,713 View

By topic

Financials

Financial year
2024
Total assets
€2.9m
Profit
€2,489
Solvency
20.7%
Total assets▼ 28.6%
Net result
20192024
Go to Financials

Timeline

Events
10
Since
2020
  1. 31-12-2022Equity above €500,000
  2. 31-08-2022Annual accounts filed
  3. 31-12-2021Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of machinery and equipment not elsewhere classifiedNACE 28299
Founded
24-01-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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