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TSOLV

Active
Private limited companyfounded 20224 yrs activeFrederik Moddestraat 27, 8210 Zedelgem, BelgiumKBO/BCE: BE 0781.441.896
Summary

TSOLV has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €106,427 and a net result of €34,614. Its solvency ranks better than 77% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100▲+3
Growth52
Track record94
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days only on tighter terms
Liquidity ample (current ratio 5.12 against 3.53 in 2023; short-term debt: 19.2% and cash: 30.8% of total assets), and 19.2% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
80.8%
Return on assets
26.3%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 151 days later.
NBB · 2 filings
Position against the passed deadline
30-09-2025 close30-04-2026 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 04-04-2025, 26 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
not filed
2024
26 d early
2023
35 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 31 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 1 February 2022, TSOLV was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€106,427▲ 48.2%
2023 · €71,812
Total assets
€131,641▲ 32.5%
2023 · €99,378
Net result
€34,614▼ 51.1%
2023 · €70,812
Working capital
€103,785▲ 48.9%
2023 · €69,721
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result€90,255-€47,358▼ 47.5%
Net result€70,812above the sector's middle half-€34,614within the sector's middle half▼ 51.1%
Equity€71,812within the sector's middle half-€106,427within the sector's middle half▲ 48.2%
Total assets€99,378within the sector's middle half-€131,641within the sector's middle half▲ 32.5%
Debt€27,566-€25,214▼ 8.5%
Working capital€69,721within the sector's middle half-€103,785within the sector's middle half▲ 48.9%
Solvency72.3%within the sector's middle half-80.8%above the sector's middle half▲ 8.6pp
Current ratio3.53within the sector's middle half-5.12above the sector's middle half▲ 1.59
Return on assets (ROA)71.3%above the sector's middle half-26.3%within the sector's middle half▼ 45.0pp
above within below the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€25,000€50,000€75,000€100,000Operating result 2023: €90,255€90,255Net result 2023: €70,812€70,812Operating result 2024: €47,358€47,358Net result 2024: €34,614€34,61420232024€0€25,000€50,000€75,000€100,000Operating result 2023: €90,255€90,300Net result 2023: €70,812€70,800Operating result 2024: €47,358€47,400Net result 2024: €34,614€34,60020232024
The operating result falls in 2024; 2024 is 48% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €131,641
Fixed assets €2,642 ▲ 26.3%
Current assets €128,999 ▲ 32.6%
Equity and liabilities €131,641
Equity €106,427 ▲ 48.2%
Debt €25,214 ▼ 8.5%
Debt's share of the balance-sheet total falls from 27.7% to 19.2%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€48,138▼
2023 · €90,264
Cash flow
€35,394▼
2023 · €70,822
Debt to equity
0.24▼
2023 · 0.38
ROE
32.5%▼
2023 · 98.6%
Interest coverage
34.27▼
2023 · 219.79
Debt ≤ 1 year
€25,214▼
2023 · €27,566
Income taxes
€13,267▼
2023 · €20,057
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€99,378€131,641▲
Fixed assets21/28€2,092€2,642▲
Tangible fixed assets22/27€2,092€2,642▲
Furniture and vehicles24€2,092€2,642▲
Current assets29/58€97,287€128,999▲
Amounts receivable after more than one year29€45,000€45,000=
Other amounts receivable291€45,000€45,000=
Amounts receivable within one year40/41€16,135€40,638▲
Trade receivables40€16,135€19,095▲
Other amounts receivable41-€21,542
Cash at bank and in hand54/58€34,457€40,522▲
Deferred charges and accrued income490/1€1,694€2,840▲
Equity and liabilities
Total equity and liabilities10/49€99,378€131,641▲
Equity10/15€71,812€106,427▲
Contributions10/11€1,000€1,000=
Reserves13€15,812€50,427▲
Distributable reserves133€15,812€50,427▲
Profit (loss) carried forward14€55,000€55,000=
Amounts payable17/49€27,566€25,214▼
Amounts payable within one year42/48€27,566€25,214▼
Trade debts44€1,024€3,605▲
Suppliers440/4€1,024€3,605▲
Taxes, remuneration and social security45€24,337€21,609▼
Taxes450/3€24,337€21,609▼
Other amounts payable47/48€2,205€0▼
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9€780▲
Other operating charges640/8€50€477▲
Gross operating margin9900€90,314€48,616▼
Operating profit (loss)9901€90,255€47,358▼
Financial income75/76B€1,026€1,927▲
Recurring financial income75€1,026€1,927▲
Financial charges65/66B€411€1,405▲
Recurring financial charges65€411€1,405▲
Profit (loss) for the period before taxes9903€90,870€47,881▼
Income taxes67/77€20,057€13,267▼
Profit (loss) for the period9904€70,812€34,614▼
Profit (loss) for the period to be appropriated9905€70,812€34,614▼
Appropriation of the result
Profit (loss) to be appropriated9906€70,812€89,614▲
Profit (loss) brought forward from the previous period14P-€55,000
Transfer to equity691/2€15,812€34,614▲
To other reserves6921€15,812€34,614▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9€780▲ 8,369%
Other operating charges640/8€50€477▲ 855%
Gross operating margin9900€90,314€48,616▼ 46.2%
Operating profit (loss)9901€90,255€47,358▼ 47.5%
Financial income75/76B€1,026€1,927▲ 87.9%
Recurring financial income75€1,026€1,927▲ 87.9%
Financial charges65/66B€411€1,405▲ 242%
Recurring financial charges65€411€1,405▲ 242%
Profit (loss) for the period before taxes9903€90,870€47,881▼ 47.3%
Income taxes67/77€20,057€13,267▼ 33.9%
Profit (loss) for the period9904€70,812€34,614▼ 51.1%
Profit (loss) for the period to be appropriated9905€70,812€34,614▼ 51.1%
Line20232024Change
Assets
Total assets20/58€99,378€131,641▲ 32.5%
Fixed assets21/28€2,092€2,642▲ 26.3%
Tangible fixed assets22/27€2,092€2,642▲ 26.3%
Furniture and vehicles24€2,092€2,642▲ 26.3%
Current assets29/58€97,287€128,999▲ 32.6%
Amounts receivable after more than one year29€45,000€45,000=
Other amounts receivable291€45,000€45,000=
Amounts receivable within one year40/41€16,135€40,638▲ 152%
Trade receivables40€16,135€19,095▲ 18.3%
Other amounts receivable41-€21,542-
Cash at bank and in hand54/58€34,457€40,522▲ 17.6%
Deferred charges and accrued income490/1€1,694€2,840▲ 67.6%
Equity and liabilities
Total equity and liabilities10/49€99,378€131,641▲ 32.5%
Equity10/15€71,812€106,427▲ 48.2%
Contributions10/11€1,000€1,000=
Reserves13€15,812€50,427▲ 219%
Distributable reserves133€15,812€50,427▲ 219%
Profit (loss) carried forward14€55,000€55,000=
Amounts payable17/49€27,566€25,214▼ 8.5%
Amounts payable within one year42/48€27,566€25,214▼ 8.5%
Trade debts44€1,024€3,605▲ 252%
Suppliers440/4€1,024€3,605▲ 252%
Taxes, remuneration and social security45€24,337€21,609▼ 11.2%
Taxes450/3€24,337€21,609▼ 11.2%
Other amounts payable47/48€2,205€0▼ 100%
Line20232024Change
Profit (loss) for the period9904€70,812€34,614▼ 51.1%
+ Depreciation and write-downs630€9€780▲ 8,369%
Operating cash flow (approximation)€70,822€35,394▼ 50.0%
Investment in fixed assets (approximation)--€1,330-
Change in cash-€6,065-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
04-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Equity above €100,000Eq €106,427 ▲48.2%
2 profitable years in a row build equity to €106,427.
26-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
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, Zedelgem · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
551 m²
Building footprint
160 m²
Volume, LiDAR
833 m³
Parcel 31036G0594/00B003, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TSOLV
Frederik Moddestraat 27, 8210 ZedelgemComputer programming, consultancy and related activities
since 20222.327.502.132
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31036G0594/00B003 Flanders 551 m² 1 · 160 m² 8.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
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

Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 40,727 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded01-02-2022
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID 0208:0781441896
Also 9925:BE0781441896
Registered 06-05-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.