TSDesign
ActiveSummary
TSDesign has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2,341 and a net result of €3,841. Equity is growing by ~53.3% per year across the filed fiscal years. Its solvency ranks better than 20% of 32023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability98▼-2
Solvency39▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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 dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 32023 sector peers (2025).
NBB · sector comparisonPosition among 32023 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-08-2026, 16 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 · 6 filingsDeviation from the deadline
2025
16 d late
2024
21 d late
2023
15 d early
2022
54 d early
2021
44 d early
2020
31 d early
← 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 18 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 17 July (4 of the last 5 filed years within 35 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€2,341▲ 56.1%
2024 · €1,500
Total assets
€16,146▲ 1.5%
2024 · €15,914
Net result
€3,841▼ 49.9%
2024 · €7,666
Working capital
€791
2024 · -€772
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,837-€62-€1,262▼ 1,934%€9,956€5,872▼ 41.0%
Net result€2,202within the sector's middle half-€212below the sector's middle half-€1,415below the sector's middle half▼ 567%€7,666within the sector's middle half€3,841within the sector's middle half▼ 49.9%
Equity€274below the sector's middle half€62below the sector's middle half▼ 77.4%-€1,353below the sector's middle half€1,500below the sector's middle half€2,341below the sector's middle half▲ 56.1%
Total assets€7,332below the sector's middle half▲ 525%€2,639below the sector's middle half▼ 64.0%€1,062below the sector's middle half▼ 59.8%€15,914below the sector's middle half▲ 1,398%€16,146below the sector's middle half▲ 1.5%
Debt€7,058▲ 128%€2,577▼ 63.5%€2,415▼ 6.3%€14,414▲ 497%€13,805▼ 4.2%
Working capital-€683below the sector's middle half▲ 75.9%-€445below the sector's middle half▲ 34.8%-€1,492below the sector's middle half▼ 235%-€772below the sector's middle half▲ 48.2%€791within the sector's middle half
Solvency3.7%below the sector's middle half9.4%below the sector's middle half14.5%below the sector's middle half▲ 5.1pp
Current ratio0.90below the sector's middle half0.95below the sector's middle half1.06within the sector's middle half▲ 0.11
Return on assets (ROA)30.0%above the sector's middle half48.2%above the sector's middle half23.8%within the sector's middle half▼ 24.4pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
The operating result falls in 2025; 2025 is 41% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16,146
Fixed assets
€1,549 ▼ 31.8%
Current assets
€14,596 ▲ 7.0%
Equity and liabilities €16,146
Equity
€2,341 ▲ 56.1%
Debt
€13,805 ▼ 4.2%
Debt's share of the balance-sheet total falls from 90.6% to 85.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,595▼
2024 · €10,374
Cash flow
€4,564▼
2024 · €8,084
Debt to equity
5.90▼
2024 · 9.61
ROE
164.1%▼
2024 · 511.1%
Interest coverage
18.40▼
2024 · 62.69
Debt ≤ 1 year
€13,805▼
2024 · €14,414
Income taxes
€1,690▼
2024 · €2,126
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
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 0.4% 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%.
| 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 6,713 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €326 | €450 | €368 | €417 | €723 | ▲ 73.2% |
| Other operating charges640/8 | €5 | €406 | €359 | €987 | €18 | ▼ 98.2% |
| Non-recurring operating charges66A | €296 | - | - | - | - | - |
| Gross operating margin9900 | €3,465 | €795 | -€535 | €11,361 | €6,613 | ▼ 41.8% |
| Operating profit (loss)9901 | €2,837 | -€62 | -€1,262 | €9,956 | €5,872 | ▼ 41.0% |
| Financial income75/76B | - | €3 | €0 | €2 | €17 | ▲ 924% |
| Recurring financial income75 | - | €3 | €0 | €2 | €17 | ▲ 924% |
| Financial charges65/66B | €141 | €153 | €153 | €165 | €358 | ▲ 117% |
| Recurring financial charges65 | €141 | €153 | €153 | €165 | €358 | ▲ 117% |
| Profit (loss) for the period before taxes9903 | €2,697 | -€212 | -€1,415 | €9,793 | €5,531 | ▼ 43.5% |
| Income taxes67/77 | €495 | - | - | €2,126 | €1,690 | ▼ 20.5% |
| Profit (loss) for the period9904 | €2,202 | -€212 | -€1,415 | €7,666 | €3,841 | ▼ 49.9% |
| Profit (loss) for the period to be appropriated9905 | €2,202 | -€212 | -€1,415 | €7,666 | €3,841 | ▼ 49.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7,332 | €2,639 | €1,062 | €15,914 | €16,146 | ▲ 1.5% |
| Formation expenses20 | €296 | €148 | - | - | - | - |
| Fixed assets21/28 | €661 | €359 | €139 | €2,272 | €1,549 | ▼ 31.8% |
| Tangible fixed assets22/27 | €661 | €359 | €139 | €2,272 | €1,549 | ▼ 31.8% |
| Plant, machinery and equipment23 | €82 | - | - | - | - | - |
| Furniture and vehicles24 | €579 | €359 | €139 | €2,272 | €1,549 | ▼ 31.8% |
| Current assets29/58 | €6,375 | €2,132 | €923 | €13,642 | €14,596 | ▲ 7.0% |
| Amounts receivable within one year40/41 | €5,203 | €1,845 | €94 | €2,505 | €14,596 | ▲ 483% |
| Trade receivables40 | €5,203 | €1,845 | - | €2,505 | €3,285 | ▲ 31.2% |
| Other amounts receivable41 | - | - | €94 | - | €11,311 | - |
| Cash at bank and in hand54/58 | €1,172 | €287 | €829 | €11,137 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7,332 | €2,639 | €1,062 | €15,914 | €16,146 | ▲ 1.5% |
| Equity10/15 | €274 | €62 | -€1,353 | €1,500 | €2,341 | ▲ 56.1% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | -€1,226 | -€1,438 | -€2,853 | - | €841 | - |
| Amounts payable17/49 | €7,058 | €2,577 | €2,415 | €14,414 | €13,805 | ▼ 4.2% |
| Amounts payable within one year42/48 | €7,058 | €2,577 | €2,415 | €14,414 | €13,805 | ▼ 4.2% |
| Trade debts44 | €209 | €203 | €405 | €365 | €2,635 | ▲ 622% |
| Suppliers440/4 | €209 | €203 | €405 | €365 | €2,635 | ▲ 622% |
| Taxes, remuneration and social security45 | €1,143 | €1,068 | €495 | €6,056 | €11,169 | ▲ 84.4% |
| Taxes450/3 | €1,143 | €1,068 | €495 | €6,056 | €5,116 | ▼ 15.5% |
| Remuneration and social security454/9 | - | - | - | - | €6,053 | - |
| Other amounts payable47/48 | €5,707 | €1,307 | €1,515 | €7,993 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,202 | -€212 | -€1,415 | €7,666 | €3,841 | ▼ 49.9% |
| + Depreciation and write-downs630 | €326 | €450 | €368 | €417 | €723 | ▲ 73.2% |
| Operating cash flow (approximation) | €2,528 | €238 | -€1,047 | €8,084 | €4,564 | ▼ 43.5% |
| Investment in fixed assets (approximation) | - | -€148 | -€148 | -€2,551 | €0 | ▲ 100% |
| Change in cash | - | -€884 | €541 | €10,309 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Back to profitnet €7,666
Net result €7,666 after 2 loss-making years.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2,202
Net result €2,202 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
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
1 act for this company is 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, Grez-Doiceau · 1 establishment unit since 2019
Ground area
910 m²
Building footprint
201 m²
Volume, LiDAR
1,950 m³
Parcel 25037E0475/00Z004, Wallonia · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
TSDESIGN
since 20192.290.491.187
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037E0475/00Z004 | Wallonia | 910 m² | 1 · 201 m² | 12.2 m · 3 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.
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Of 82,641 companies in sector 70200 we hold annual accounts for 52,636. 9,560 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
82990Other business support services
Contact
E-mail
tom.schreurs@live.be
Phone
+32495810982
E-invoicing
Reachable via Peppol
Peppol ID
0208:0726632938
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.