TST
ActiveTST has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €352k and a net result of €40k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 7585 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
85
/ 100
Excellent▼ -11 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability57▼-13
Solvency79▼-1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.21 in 2024), and 41% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
59%
Return on assets
6.7%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
7 d early
2023
6 d early
2022
11 d early
2021
23 d early
2020
12 d early
2019
25 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
09-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€352k▼ 3.2%
2024 · €363k
2018: €40k
2019: €138k
2020: €310k
2021: €371k
2022: €363k
2023: €313k
2024: €363k
2018 → 2025
Total assets
€596k▼ 7.8%
2024 · €647k
2018: €683k
2019: €828k
2020: €1.04M
2021: €1.06M
2022: €916k
2023: €669k
2024: €647k
2018 → 2025
Net result
€40k▼ 21.4%
2024 · €51k
2018: €15k
2019: €98k
2020: €182k
2021: €61k
2022: €-8k
2023: €-51k
2024: €51k
2018 → 2025
Working capital
€33k▼ 25.3%
2024 · €44k
2018: €-146k
2019: €-203k
2020: €-71k
2021: €159
2022: €33k
2023: €58k
2024: €44k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€371k-€363k▼ 2.1%€313k▼ 14.0%€363k▲ 16.2%€352k▼ 3.2%
Operating result€79k-€-63k€-18k▲ 70.9%€57k€67k▲ 18.2%
Net result€61k-€-8k€-51k▼ 565%€51k€40k▼ 21.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 18% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €596k
Fixed assets
€340k▼ 14.5%
Current assets
€256k▲ 2.8%
Equity and liabilities €596k
Equity
€352k▼ 3.2%
Debt
€244k▼ 13.8%
The debt ratio falls from 43.8% to 41.0%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€147k▲
2024 · €140k
Cash flow
€119k▼
2024 · €134k
Solvency
59.0%▲
2024 · 56.2%
Current ratio
1.15▼
2024 · 1.21
Quick ratio
1.15▼
2024 · 1.21
Debt / equity
0.69▼
2024 · 0.78
ROE
11.3%▼
2024 · 13.9%
ROA
6.7%▼
2024 · 7.8%
Interest coverage
24.97▲
2024 · 11.15
Debt
€244k▼
2024 · €284k
Debt ≤ 1 year
€223k▲
2024 · €205k
Debt > 1 year
€21k▼
2024 · €78k
Income taxes
€15k▲
2024 · €10k
Staff costs
€71k▲
2024 · €49k
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€647k€596k▼
Fixed assets21/28€398k€340k▼
Tangible fixed assets22/27€390k€332k▼
Plant, machinery and equipment23€312k€284k▼
Furniture and vehicles24€44k€36k▼
Leasing and similar rights25€19k-
Other tangible fixed assets26€15k€12k▼
Financial fixed assets28€8k€8k=
Current assets29/58€249k€256k▲
Amounts receivable after more than one year29€56k€56k=
Other amounts receivable291€56k€56k=
Amounts receivable within one year40/41€50k€71k▲
Trade receivables40€49k€70k▲
Other amounts receivable41€790€790=
Cash at bank and in hand54/58€121k€90k▼
Deferred charges and accrued income490/1€22k€40k▲
Equity and liabilities
Total equity and liabilities10/49€647k€596k▼
Equity10/15€363k€352k▼
Contributions10/11€31k€31k=
Reserves13€226k€215k▼
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€223k€212k▼
Profit (loss) carried forward14€106k€106k=
Amounts payable17/49€284k€244k▼
Amounts payable after more than one year17€78k€21k▼
Financial debts170/4€78k€21k▼
Amounts payable within one year42/48€205k€223k▲
Current portion of amounts payable after more than one year42€112k€57k▼
Trade debts44€48k€76k▲
Suppliers440/4€48k€76k▲
Taxes, remuneration and social security45€45k€77k▲
Taxes450/3€33k€64k▲
Remuneration and social security454/9€13k€13k▲
Other amounts payable47/48-€14k
Income statement
Code20242025
Remuneration, social security and pensions62€49k€71k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€79k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1k
Other operating charges640/8€16k€8k▼
Gross operating margin9900€205k€226k▲
Operating profit (loss)9901€57k€67k▲
Financial income75/76B€16k€2k▼
Recurring financial income75€2k€2k=
Non-recurring financial income76B€14k€345▼
Financial charges65/66B€13k€14k▲
Recurring financial charges65€13k€6k▼
Non-recurring financial charges66B-€8k
Profit (loss) for the period before taxes9903€60k€55k▼
Income taxes67/77€10k€15k▲
Profit (loss) for the period9904€51k€40k▼
Profit (loss) for the period to be appropriated9905€51k€40k▼
Appropriation of the result
Profit (loss) to be appropriated9906€157k€146k▼
Profit (loss) brought forward from the previous period14P€106k€106k=
Transfer to equity691/2€51k€40k▼
To other reserves6921€51k€40k▼
The notes to these accounts (10 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €51k
Net result €51k after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €182k ▲86.4%
Operating result €226k, net result €182k, both a record.
31-12
Financial
Equity above €200kEq €310k ▲125%
3 profitable years in a row build equity to €310k.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €138k ▲243%
2 profitable years in a row build equity to €138k.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-07
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
6 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, Scherpenheuvel-Zichem · 1 establishment unit since 1992
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.
Weg Messelbroek 1583271 Scherpenheuvel-ZichemGround area
2,894 m²
Building footprint
815 m²
Volume, LiDAR
4,419 m³
Parcel 24129D0462/00E002, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TST
since 19922.057.522.626
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24129D0462/00E002 | Flanders | 2,894 m² | 1 · 815 m² | 7.4 m · 2 fl. |
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.
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Ikarus Invest
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IDEO
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SCHERPEREEL HENDRIK
BE 0428.086.734
Avelgem · Eq €352k
Van Loo Energy
BE 0862.889.531
Balen · Eq €352k
JANI CONSTRUKT
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Rotselaar · Eq €351k
Of 15,445 companies in sector 43990 we hold annual accounts for 7,354. 5,118 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-05-1992
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.