TSE
ActiveTSE has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €15k. Equity is growing by ~51.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 9450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69▲+4
Solvency40▲+7
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.4 against 0.32 in 2024; short-term debt: 23.2% and cash: 0.2% of total assets), and 85.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 71
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.8%
Return on assets
7%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9450 sector peers (2025).
NBB · sector comparisonPosition among 9450 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-03-2026, 58 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
58 d early
2024
15 d late
2023
on the day
2022
2 d early
2021
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 90.0%
2024 · €16k
2021: €7k
2022: €7k
2023: €3k
2024: €16k
2021 → 2025
Total assets
€212k▲ 2.7%
2024 · €206k
2021: €248k
2022: €234k
2023: €212k
2024: €206k
2021 → 2025
Net result
€15k▲ 11.3%
2024 · €13k
2021: €2k
2022: €30
2023: €-4k
2024: €13k
2021 → 2025
Working capital
€-30k▲ 6.3%
2024 · €-32k
2021: €-48k
2022: €-48k
2023: €-39k
2024: €-32k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€7k-€7k▲ 0.4%€3k▼ 53.5%€16k▲ 425%€31k▲ 90.0%
Operating result€5k-€6k▲ 26.5%€4k▼ 39.2%€25k▲ 561%€27k▲ 7.9%
Net result€2k-€30▼ 98.3%€-4k€13k€15k▲ 11.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €212k
Fixed assets
€192k▲ 0.4%
Current assets
€20k▲ 33.9%
Equity and liabilities €212k
Equity
€31k▲ 90.0%
Debt
€180k▼ 4.9%
The debt ratio falls from 92.0% to 85.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2024 · €31k
Cash flow
€21k▲
2024 · €19k
Solvency
14.8%▲
2024 · 8.0%
Current ratio
0.40▲
2024 · 0.32
Quick ratio
0.40▲
2024 · 0.32
Debt / equity
5.76▼
2024 · 11.51
ROE
47.4%▼
2024 · 80.9%
ROA
7.0%▲
2024 · 6.5%
Interest coverage
5.04▲
2024 · 4.62
Debt
€180k▼
2024 · €190k
Debt ≤ 1 year
€49k▲
2024 · €46k
Debt > 1 year
€131k▼
2024 · €143k
Income taxes
€5k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€206k€212k▲
Fixed assets21/28€191k€192k▲
Tangible fixed assets22/27€191k€192k▲
Land and buildings22€191k€185k▼
Furniture and vehicles24-€7k
Financial fixed assets28€213€213=
Current assets29/58€15k€20k▲
Amounts receivable within one year40/41€14k€19k▲
Trade receivables40€14k€19k▲
Other amounts receivable41€36€348▲
Cash at bank and in hand54/58€248€386▲
Deferred charges and accrued income490/1€234€0▼
Equity and liabilities
Total equity and liabilities10/49€206k€212k▲
Equity10/15€16k€31k▲
Contributions10/11€5k€5k=
Reserves13-€26k
Distributable reserves133-€26k
Profit (loss) carried forward14€11k€0▼
Amounts payable17/49€190k€180k▼
Amounts payable after more than one year17€143k€131k▼
Financial debts170/4€143k€131k▼
Amounts payable within one year42/48€46k€49k▲
Current portion of amounts payable after more than one year42€12k€12k▲
Financial debts43€612€1k▲
Credit institutions430/8€612€1k▲
Trade debts44€3k€6k▲
Suppliers440/4€3k€6k▲
Taxes, remuneration and social security45€20k€18k▼
Taxes450/3€20k€18k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€11k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€33k€35k▲
Operating profit (loss)9901€25k€27k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€7k€7k▼
Recurring financial charges65€7k€7k▼
Profit (loss) for the period before taxes9903€18k€20k▲
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€13k€15k▲
Profit (loss) for the period to be appropriated9905€13k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€26k▲
Profit (loss) brought forward from the previous period14P€-2k€11k▲
Transfer to equity691/2-€26k
To other reserves6921-€26k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2021net €15k ▲11.3%
Operating result €27k, net result €15k, both a record.
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
30-09
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €-4k ▼12109%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Eeklo · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Raamstraat 379900 EekloGround area
173 m²
Building footprint
96 m²
Volume, LiDAR
573 m³
Parcel 43352E0704/53B000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TSE
since 20202.307.737.490
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352E0704/53B000 | Flanders | 173 m² | 1 · 95 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 99 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 99 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,562. 4,490 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-09-2020
Fiscal year end30-09
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.