TSIOLLE
ActiveTSIOLLE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99k and a net result of €21k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 54% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
76
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-7
Solvency76▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 1.58 in 2024; short-term debt: 19% and cash: 20.2% of total assets), and 48.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
51.1%
Return on assets
10.9%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €99k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
64 d early
2023
114 d early
2022
130 d early
2021
2 d early
2020
41 d late
2019
35 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€99k▲ 27.1%
2024 · €78k
2018: €-13k
2019: €-13k
2020: €-25k
2021: €-8k
2022: €23k
2023: €44k
2024: €78k
2018 → 2025
Total assets
€193k▼ 8.6%
2024 · €211k
2018: €19k
2019: €19k
2020: €13k
2021: €29k
2022: €57k
2023: €192k
2024: €211k
2018 → 2025
Net result
€21k▼ 37.7%
2024 · €34k
2018: €-5k
2019: €-609
2020: €-12k
2021: €17k
2022: €31k
2023: €21k
2024: €34k
2018 → 2025
Working capital
€55k▲ 54.4%
2024 · €36k
2018: €-9k
2019: €-5k
2020: €-14k
2021: €-3k
2022: €26k
2023: €2k
2024: €36k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-8k-€23k€44k▲ 91.1%€78k▲ 76.8%€99k▲ 27.1%
Operating result€20k-€45k▲ 121%€24k▼ 46.7%€58k▲ 143%€37k▼ 36.4%
Net result€17k-€31k▲ 75.5%€21k▼ 31.5%€34k▲ 61.2%€21k▼ 37.7%
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 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193k
Fixed assets
€101k▼ 11.0%
Current assets
€92k▼ 5.8%
Equity and liabilities €193k
Equity
€99k▲ 27.1%
Debt
€94k▼ 29.3%
The debt ratio falls from 63.2% to 48.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▼
2024 · €71k
Cash flow
€35k▼
2024 · €47k
Solvency
51.1%▲
2024 · 36.8%
Current ratio
2.50▲
2024 · 1.58
Quick ratio
2.40▲
2024 · 1.50
Debt / equity
0.96▼
2024 · 1.72
ROE
21.3%▼
2024 · 43.5%
ROA
10.9%▼
2024 · 16.0%
Interest coverage
10.55▲
2024 · 8.60
Debt
€94k▼
2024 · €134k
Debt ≤ 1 year
€37k▼
2024 · €62k
Debt > 1 year
€58k▼
2024 · €71k
Income taxes
€11k▼
2024 · €18k
Staff costs
€2k▼
2024 · €24k
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€211k€193k▼
Fixed assets21/28€114k€101k▼
Tangible fixed assets22/27€114k€101k▼
Plant, machinery and equipment23€114k€100k▼
Furniture and vehicles24-€1k
Current assets29/58€97k€92k▼
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€47k€47k▲
Trade receivables40€38k€34k▼
Other amounts receivable41€8k€13k▲
Cash at bank and in hand54/58€43k€39k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€211k€193k▼
Equity10/15€78k€99k▲
Contributions10/11€12k€12k=
Reserves13€65k€86k▲
Distributable reserves133€65k€86k▲
Amounts payable17/49€134k€94k▼
Amounts payable after more than one year17€71k€58k▼
Financial debts170/4€71k€58k▼
Amounts payable within one year42/48€62k€37k▼
Current portion of amounts payable after more than one year42€14k€15k▲
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€25k€16k▼
Suppliers440/4€25k€16k▼
Taxes, remuneration and social security45€20k€6k▼
Taxes450/3€13k€6k▼
Remuneration and social security454/9€7k-
Accrued charges and deferred income492/3€432-
Income statement
Code20242025
Remuneration, social security and pensions62€24k€2k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€97k€54k▼
Operating profit (loss)9901€58k€37k▼
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€51k€32k▼
Income taxes67/77€18k€11k▼
Profit (loss) for the period9904€34k€21k▼
Profit (loss) for the period to be appropriated9905€34k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€21k▼
Transfer to equity691/2€34k€21k▼
To other reserves6921€34k€21k▼
The notes to these accounts (8 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €34k ▲61.2%
Operating result €58k, net result €34k, both a record.
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.86
Current ratio from 0.92 to 1.86; short-term debt falls from €31k to €30k.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €17k
Net result €17k after 3 loss-making years.
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 41 days late
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Middelkerke · 2 establishment units since 2011
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.
Westendelaan 3228434 MiddelkerkeGround area
298 m²
Building footprint
265 m²
Volume, LiDAR
7,189 m³
2 parcels, Flanders · tallest building 33.8 m, ±9 floors. Linked by address, not a title deed.
2 establishment units
TSIOLLE
since 20112.197.999.907
FRIET de MER
since 20232.349.297.339
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0073/00B003 | Flanders | 222 m² | - | - |
| 35022A0001/00G054 | Flanders | 76 m² | 1 · 265 m² | 33.8 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMiddelkerke2.349.297.339
Similar companies · same sector, comparable size
Entreprise générale de toiture mosane
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Huy · Eq €99k
VERVIHOUT
BE 1009.859.575
Ieper · Eq €99k
DEVILTON
BE 0692.833.089
Pajottegem · Eq €99k
Solidroofs
BE 0521.774.282
Asse · Eq €99k
MATEO
BE 0686.715.062
Vorselaar · Eq €98k
Of 8,564 companies in sector 43410 we hold annual accounts for 4,354. 3,807 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-03-2011
Fiscal year end31-12
Activities, NACEBEL
43410Roofing work
43421Specialised construction activities
43990Other specialised construction activities
43994Specialised construction activities
43999Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.