TSK
ActiveSummary
TSK has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €387,720 and a net result of €33,269. Equity is growing by ~26.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result has fallen two years in a row; 2025 is 76% below 2024 and is the lowest result in the available series.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 6,049 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €3,642 | €3,642 | €3,642 | €3,642 | €3,642 | €80 | €80 | = |
| Other operating charges640/8 | - | - | - | €696 | €72 | €507 | €493 | €512 | ▲ 3.9% |
| Gross operating margin9900 | €3,720 | €48,601 | €34,739 | €106,665 | €58,155 | €77,790 | €70,796 | €17,102 | ▼ 75.8% |
| Operating profit (loss)9901 | €3,334 | €43,423 | €30,942 | €102,327 | €54,441 | €73,641 | €70,223 | €16,509 | ▼ 76.5% |
| Financial income75/76B | - | - | - | €20,112 | €26,786 | €26,935 | €38,071 | €37,132 | ▼ 2.5% |
| Recurring financial income75 | €1,343 | €7,563 | €0 | €20,112 | €26,786 | €26,935 | €38,071 | €37,132 | ▼ 2.5% |
| Financial charges65/66B | - | - | - | €436 | €64 | €61 | €334 | €13 | ▼ 96.3% |
| Recurring financial charges65 | €53 | €60 | €190 | €436 | €64 | €61 | €334 | €13 | ▼ 96.3% |
| Profit (loss) for the period before taxes9903 | €4,624 | €50,926 | €30,753 | €122,003 | €81,163 | €100,515 | €107,960 | €53,628 | ▼ 50.3% |
| Income taxes67/77 | €1,911 | €19,730 | €14,097 | €52,368 | €31,383 | €34,080 | €38,472 | €20,360 | ▼ 47.1% |
| Profit (loss) for the period9904 | €2,713 | €31,195 | €16,656 | €69,635 | €49,780 | €66,435 | €69,488 | €33,269 | ▼ 52.1% |
| Profit (loss) for the period to be appropriated9905 | €2,713 | €31,195 | €16,656 | €69,635 | €49,780 | €66,435 | €69,488 | €33,269 | ▼ 52.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €66,414 | €213,008 | €319,835 | €397,787 | €486,881 | €594,685 | €677,334 | €703,961 | ▲ 3.9% |
| Fixed assets21/28 | €2,120 | €16,206 | €12,850 | €9,208 | €4,842 | €1,200 | €1,120 | €1,040 | ▼ 7.1% |
| Tangible fixed assets22/27 | €1,680 | €15,766 | €12,125 | €8,483 | €4,842 | €1,200 | €1,120 | €1,040 | ▼ 7.1% |
| Land and buildings22 | - | - | - | €1,360 | €1,280 | €1,200 | €1,120 | €1,040 | ▼ 7.1% |
| Furniture and vehicles24 | - | - | - | €7,123 | €3,562 | - | - | - | - |
| Financial fixed assets28 | €440 | €440 | €725 | €725 | - | - | - | - | - |
| Current assets29/58 | €64,294 | €196,802 | €306,985 | €388,579 | €482,039 | €593,485 | €676,214 | €702,921 | ▲ 3.9% |
| Amounts receivable within one year40/41 | €62,967 | €195,087 | €10,354 | €387,863 | €477,328 | €592,529 | €675,575 | €702,905 | ▲ 4.0% |
| Trade receivables40 | - | - | - | €35,275 | €37,075 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €352,588 | €440,253 | €592,529 | €675,575 | €702,905 | ▲ 4.0% |
| Current investments50/53 | €9 | €9 | €9 | €9 | €9 | €9 | €9 | €9 | = |
| Cash at bank and in hand54/58 | €1,319 | €1,707 | €744 | €708 | €4,703 | €947 | €630 | €7 | ▼ 98.8% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €66,414 | €213,008 | €319,835 | €397,787 | €486,881 | €594,685 | €677,334 | €703,961 | ▲ 3.9% |
| Equity10/15 | €51,261 | €82,456 | €99,112 | €168,748 | €218,528 | €284,963 | €354,451 | €387,720 | ▲ 9.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €3,860 | €35,055 | €51,711 | €121,347 | €171,127 | €237,562 | €307,050 | €340,319 | ▲ 10.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €119,487 | €169,267 | €235,702 | €305,190 | €338,459 | ▲ 10.9% |
| Profit (loss) carried forward14 | €41,201 | €41,201 | €41,201 | €41,201 | €41,201 | €41,201 | €41,201 | €41,201 | = |
| Amounts payable17/49 | €15,153 | €130,552 | €220,723 | €229,039 | €268,353 | €309,722 | €322,883 | €316,241 | ▼ 2.1% |
| Amounts payable within one year42/48 | €15,153 | €130,552 | €220,723 | €229,039 | €268,353 | €309,722 | €322,883 | €316,241 | ▼ 2.1% |
| Trade debts44 | €318 | €714 | €24,035 | €2,169 | €24,833 | €991 | €365 | €805 | ▲ 120% |
| Suppliers440/4 | - | - | - | €2,169 | €24,833 | €991 | €365 | €805 | ▲ 120% |
| Taxes, remuneration and social security45 | - | - | - | €57,961 | €74,611 | €61,319 | €75,106 | €53,982 | ▼ 28.1% |
| Taxes450/3 | - | - | - | €57,961 | €74,611 | €61,319 | €75,106 | €53,982 | ▼ 28.1% |
| Other amounts payable47/48 | - | - | - | €168,909 | €168,909 | €247,412 | €247,412 | €261,454 | ▲ 5.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,713 | €31,195 | €16,656 | €69,635 | €49,780 | €66,435 | €69,488 | €33,269 | ▼ 52.1% |
| + Depreciation and write-downs630 | - | €3,642 | €3,642 | €3,642 | €3,642 | €3,642 | €80 | €80 | = |
| Operating cash flow (approximation) | €2,713 | €34,837 | €20,298 | €73,277 | €53,422 | €70,076 | €69,568 | €33,349 | ▼ 52.1% |
| Investment in fixed assets (approximation) | - | -€17,728 | -€285 | €0 | €725 | €0 | €0 | €0 | - |
| Change in cash | - | €388 | -€962 | -€37 | €3,995 | -€3,756 | -€316 | -€623 | ▼ 96.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.