TSITE
ActiveTSITE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1k and a net result of €43k. Equity is shrinking by ~48% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2025. Its solvency ranks better than 15% of 9692 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency0▼-33
Growth58▲+26
Stability94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.04 in 2023), and 100% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 9692 sector peers (2024).
NBB · sector comparisonPosition among 9692 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
61 d late
2022
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1k
2023 · €-42k
2022: €29k
2023: €-42k
2022 → 2024
Total assets
€6.67M▼ 3.5%
2023 · €6.91M
2022: €3.75M
2023: €6.91M
2022 → 2024
Net result
€43k
2023 · €-71k
2022: €-61k
2023: €-71k
2022 → 2024
Working capital
€-4.97M▼ 2.0%
2023 · €-4.87M
2022: €-3.67M
2023: €-4.87M
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€29k-€-42k€1k
Operating result€-59k-€-54k▲ 7.7%€65k
Net result€-61k-€-71k▼ 17.8%€43k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €65k after a loss of €54k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.67M
Fixed assets
€6.51M▼ 3.2%
Current assets
€161k▼ 13.7%
Equity and liabilities €6.67M
Equity
€1k
Debt
€6.67M
Debt finances 100.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€334k▲
2023 · €155k
Cash flow
€312k▲
2023 · €138k
Solvency
0.0%▲
2023 · -0.6%
Current ratio
0.03▼
2023 · 0.04
Quick ratio
0.03▼
2023 · 0.04
ROA
0.6%▲
2023 · -1.0%
Interest coverage
15.31▲
2023 · 8.99
Debt
€6.67M▼
2023 · €6.95M
Debt ≤ 1 year
€5.13M▲
2023 · €5.06M
Debt > 1 year
€1.54M▼
2023 · €1.89M
A ratio outside any meaningful range has been withheld (balance sheet total €6.67M, equity €1k).
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€6.91M€6.67M▼
Fixed assets21/28€6.72M€6.51M▼
Tangible fixed assets22/27€6.72M€6.51M▼
Land and buildings22€6.56M€6.31M▼
Furniture and vehicles24€165k€170k▲
Assets under construction and advance payments27-€32k
Current assets29/58€187k€161k▼
Amounts receivable within one year40/41€176k€10k▼
Trade receivables40€159k-
Other amounts receivable41€17k€10k▼
Cash at bank and in hand54/58€11k€148k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€6.91M€6.67M▼
Equity10/15€-42k€1k▲
Contributions10/11€90k€90k=
Profit (loss) carried forward14€-132k€-89k▲
Amounts payable17/49€6.95M€6.67M▼
Amounts payable after more than one year17€1.89M€1.54M▼
Financial debts170/4€1.89M€1.54M▼
Amounts payable within one year42/48€5.06M€5.13M▲
Current portion of amounts payable after more than one year42€349k€353k▲
Trade debts44€2k€10k▲
Suppliers440/4€2k€10k▲
Taxes, remuneration and social security45-€18k
Taxes450/3-€18k
Other amounts payable47/48€4.71M€4.75M▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€209k€269k▲
Other operating charges640/8-€147
Gross operating margin9900€155k€334k▲
Operating profit (loss)9901€-54k€65k▲
Financial charges65/66B€17k€22k▲
Recurring financial charges65€17k€22k▲
Profit (loss) for the period before taxes9903€-71k€43k▲
Profit (loss) for the period9904€-71k€43k▲
Profit (loss) for the period to be appropriated9905€-71k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-132k€-89k▲
Profit (loss) brought forward from the previous period14P€-61k€-132k▼
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
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €43k
Net result €43k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-71k
Net result drops to €-71k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Tessenderlo-Ham · 1 establishment unit since 2021
Ground area
7,450 m²
Building footprint
1,126 m²
Volume, LiDAR
1 m³
Parcel 71362B1681/00A000, Flanders · tallest building 0.4 m. Linked by address, not a title deed.
1 establishment unit
TSITE
since 20212.323.631.139
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71362B1681/00A000 | Flanders | 7,450 m² | 1 · 1,126 m² | 0.4 m |
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.
Similar companies · same sector, comparable size
EVL Invest
BE 1018.457.042
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UNITED PROJECTS
BE 0840.446.107
Antwerpen · Eq €1k
De Zogse Hoeve
BE 1005.212.186
Hamme (Vl.) · Eq €1k
Ballet-Smeets
BE 0542.967.002
Genk · Eq €1k
ELVESA
BE 0445.873.267
Zulte · Eq €1k
Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 398 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-10-2021
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.