TECHNICAL SERVICES GROUP BELGIUM

Active

Public limited companyfounded 2015active for 10 yearsTreskesdijk 7, 2300 Turnhout, BelgiumKBO/BCE: BE 0642.808.013

Summary

TECHNICAL SERVICES GROUP BELGIUM has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.8m and a net result of €8.2m. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 23% of 190 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

TECHNICAL SERVICES GROUP BELGIUMActiveChecked score 95/100

Risk analysis Report Compare

Activity

Installation of industrial machinery and equipment

NACE 33200

3rd largest employer in the province of Antwerp, Repair and installation of machinery sector1 site

Size

€63.8mturnover 2025

Staff: 178.3 FTE
Equity: €10.8m
Profit: €8.2m

Financial health

95 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: TSG Holding SAS

Bart WOUTERSDirector

Auditor: Ernst en Young Bedrijfsrevisoren BV2025 accounts 3 days early3 of 18 deeds summarised

Why 95raises riskSector: Repair, maintenance and installation of machinery and equipment (NACE 33)Equity €10.8m (22.6% of total assets)lowers riskSize: turnover €63.8m, 178.3 FTE, total assets €47.6mLiquidity: current ratio 1.25, cash €15.2mShow the evidence

Checked score

Score 2025

95 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 75% of its sector peers (NACE 33, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 48+6

equity 22.6% of total assets

Liquidity 54-7

short-term debt 67.4% · cash 31.9%

Profitability 93+6

return on assets 17.3%

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (35 companies, NACE 33, medium-sized)

Last 24 months 11-2024: 0.2% 12-2024: 0.4%▲ +0.2 percentage points vs 11-2024highest value 01-2025: 0.2%▼ -0.2 percentage points vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.1%▼ -0.1 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.1%▼ -0.1 percentage points vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €1,000,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.25, compared with 1.16 in 2024, below the usual 1.5; short-term debt: 67.4% and cash: 31.9% of total assets), and 77.4% 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 33, medium-sized): better than 50% on solvency, 85% on liquidity, 97% on profitability and 69% on growth.

The bankruptcy probability was computed on 30-10-2026 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

Six signals.

lowers riskraises riskneutral

Size: turnover €63.8m, 178.3 FTE, total assets €47.6m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 1.25, cash €15.2m

NBB · annual accounts

Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)

KBO

Equity €10.8m (22.6% of total assets)

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 190 sector peers (2025).

NBB · sector comparison

Position among 190 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 27-11-2025, 3 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

3 days early

2024

10 days late

2023

18 days late

2022

55 days late

2021

21 days late

2020

16 days late

2019

18 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 19 days after the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 30-04-2026 is due by 30-11-2026. Nothing is late today. The company usually files around 18 December (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-04-2026 year end31-10-2026 today30-11-2026 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

27-11-2025 Annual accounts filedfinancial year 2025 · full…
26-08-2025 Reappointment: Ernst en Young Bedrijfsrevisoren BV…Permanent representative: Koen DE NIJS
30-04-2025 Highest result from 2019 to 2025net €8.2m ▲20.1%

Key points

Positive: Among the best 5% on net resultsector median €75,265 · 188 companies €8.2m View
Positive: 4 years of growth in a rowturnover 2025: €63.8m 4 years View
Controlled by TSG Holding SASknown shareholders 100% parent View
Positive: Equity rose in 2025from €7.6m to €10.8m ▲ 42.5% View

By topic

Financials

Financial year: 2025
Turnover: €63.8m
Profit: €8.2m
Solvency: 22.6%

Turnover▲ 1.2%

Net result

20192025

Go to Financials

Board & ownership

Board: 1 member
Parent: TSG Holding SAS
Known shareholders: 100%
Auditor: Ernst en Young Bedrijfsrevisoren…

Bart WOUTERSDirector

Go to Board & ownership

Timeline

Events: 17
Since: 2016
Next accounts: by 30-11-2026

30-04-2025Equity above €10m
10-12-2024Annual accounts filed
25-09-2024Appointment: Bart WOUTERS (director)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Installation of industrial machinery and equipmentNACE 33200
Founded: 10-11-2015
Year ends: 30-04
Peppol: Reachable for e-invoices

Go to Company details

Key facts about TECHNICAL SERVICES GROUP BELGIUM

What is the company number of TECHNICAL SERVICES GROUP BELGIUM?: 0642.808.013. In Belgium the VAT number is the company number with BE in front: BE 0642.808.013.
Where is TECHNICAL SERVICES GROUP BELGIUM based?: The registered office is at Treskesdijk 7, 2300 Turnhout.Company details
What does TECHNICAL SERVICES GROUP BELGIUM do?: According to the KBO register, the main activity is installation of industrial machinery and equipment (NACE 33200).
What is the legal form of TECHNICAL SERVICES GROUP BELGIUM?: Public limited company (NV).
When was TECHNICAL SERVICES GROUP BELGIUM founded?: On 10-11-2015.
Is TECHNICAL SERVICES GROUP BELGIUM still active?: Yes, TECHNICAL SERVICES GROUP BELGIUM is an active enterprise in the KBO register.
How many employees does TECHNICAL SERVICES GROUP BELGIUM have?: On average 178.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TECHNICAL SERVICES GROUP BELGIUM?: €63.8m in financial year 2025, according to the filed annual accounts.
Is TECHNICAL SERVICES GROUP BELGIUM profitable?: In financial year 2025, TECHNICAL SERVICES GROUP BELGIUM made a profit of €8.2m.
Where can I find the annual accounts of TECHNICAL SERVICES GROUP BELGIUM?: TECHNICAL SERVICES GROUP BELGIUM filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TECHNICAL SERVICES GROUP BELGIUM due?: By 30-11-2026, for financial year 2026.Timeline