TSE_VD
Open bankruptcyA bankruptcy procedure is open for TSE_VD according to publications in the Belgian State Gazette; curator: ANOUK DE VLEESHOUWER. The 2024 annual accounts show equity of €119k and a net result of €16k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 10-12-2024, 40 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 · 4 filingsDeviation from the deadline
2025
not filed
2024
40 d late
2023
30 d late
2022
44 d late
2021
9 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€119k▲ 15.6%
2023 · €103k
2021: €36k
2022: €88k
2023: €103k
2021 → 2024
Total assets
€320k▲ 66.6%
2023 · €192k
2021: €135k
2022: €153k
2023: €192k
2021 → 2024
Net result
€16k▲ 8.0%
2023 · €15k
2021: €93k
2022: €52k
2023: €15k
2021 → 2024
Working capital
€242k▲ 182%
2023 · €86k
2021: €33k
2022: €83k
2023: €86k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€36k-€88k▲ 145%€103k▲ 16.8%€119k▲ 15.6%
Operating result€95k-€63k▼ 33.3%€15k▼ 75.5%€14k▼ 9.2%
Net result€93k-€52k▼ 44.0%€15k▼ 71.5%€16k▲ 8.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2024 is 9% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €320k
Fixed assets
€28k▼ 26.1%
Current assets
€292k▲ 89.8%
Equity and liabilities €320k
Equity
€119k▲ 15.6%
Debt
€202k▲ 125%
The debt ratio rises from 46.5% to 62.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€25k▲
2023 · €24k
Cash flow
€27k▲
2023 · €23k
Solvency
37.1%▼
2023 · 53.5%
Current ratio
5.88▲
2023 · 2.26
Quick ratio
5.88▲
2023 · 2.26
Debt / equity
1.70▲
2023 · 0.87
ROE
13.5%▼
2023 · 14.4%
ROA
5.0%▼
2023 · 7.7%
Interest coverage
20.20▲
2023 · 14.56
Debt
€202k▲
2023 · €89k
Debt ≤ 1 year
€50k▼
2023 · €68k
Debt > 1 year
€16k▼
2023 · €21k
Income taxes
€4k▼
2023 · €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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€192k€320k▲
Fixed assets21/28€38k€28k▼
Tangible fixed assets22/27€38k€28k▼
Plant, machinery and equipment23-€1k
Furniture and vehicles24€10k€5k▼
Leasing and similar rights25€29k€22k▼
Current assets29/58€154k€292k▲
Amounts receivable within one year40/41€145k€287k▲
Trade receivables40€19k€45k▲
Other amounts receivable41€126k€242k▲
Cash at bank and in hand54/58€6k€5k▼
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€192k€320k▲
Equity10/15€103k€119k▲
Contributions10/11€6k€6k=
Reserves13€600€600=
Non-distributable reserves130/1€600€600=
Reserves not available under the articles1311€600€600=
Profit (loss) carried forward14€96k€112k▲
Amounts payable17/49€89k€202k▲
Amounts payable after more than one year17€21k€16k▼
Financial debts170/4€21k€16k▼
Amounts payable within one year42/48€68k€50k▼
Current portion of amounts payable after more than one year42€6k€5k▼
Trade debts44€54k€37k▼
Suppliers440/4€54k€37k▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Accrued charges and deferred income492/3-€136k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€11k▲
Other operating charges640/8€837€752▼
Gross operating margin9900€25k€26k▲
Operating profit (loss)9901€15k€14k▼
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€20k€20k▲
Income taxes67/77€5k€4k▼
Profit (loss) for the period9904€15k€16k▲
Profit (loss) for the period to be appropriated9905€15k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€96k€112k▲
Profit (loss) brought forward from the previous period14P€81k€96k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · TSE_VD BV DOORNVELD 150, 1731 ZELLIK · event 27-05-2025
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
31-03
Financial
Liquidity triplescurrent ratio 5.88
Current ratio from 2.26 to 5.88; short-term debt falls from €68k to €50k.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €15k ▼71.5%
Net result drops to €15k, the lowest in the series.
31-03
Financial
Equity above €100kEq €103k ▲16.8%
3 profitable years in a row build equity to €103k.
2022
14-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 44 days late
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
Stanciugel Marius Eleodor
CurrentManager · since 01-10-2024
01-10-2024
Stanciugel Marius Eleodor: Appointed as Manager
01-10-2024
Teganciuc Victor: Resigned as Zaakvoerders
Location & real-estate footprint
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.
Ground area
1,158 m²
Building footprint
295 m²
Volume, LiDAR
2,271 m³
Parcel 31039E0270/00C003, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TSE_VD
since 20202.303.542.637
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039E0270/00C003 | Flanders | 1,158 m² | 1 · 295 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANOUK DE VLEESHOUWER PEGASUSLAAN 5,
1831 DIEGEM |
27-05-2025 → present |
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SOLID BUILDING GEEL
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Arjol
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Of 2,429 companies in sector 41003 we hold annual accounts for 1,047. 748 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-05-2020
Fiscal year end31-03
Activities, NACEBEL
41003General construction of other non-residential buildings
43341Painting of buildings
43990Other specialised construction activities
43995Specialised construction activities
43999Specialised construction activities
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.