TST
ActiveSummary
TST has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €62,046 and a net result of €18,118. Equity is growing by ~14.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability92▲+23
Solvency89▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.01 against 1.79 in 2023; short-term debt: 36% and cash: 22.5% of total assets), and 36.3% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
63.7%
Return on assets
18.6%
Age of the figures
21 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 17-06-2026, 44 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
44 d early
2024
48 d early
2023
35 d early
2022
49 d early
2021
51 d early
2020
86 d late
2019
14 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 13 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Equity
€62,046▲ 21.8%
2023 · €50,928
Total assets
€97,413▲ 1.6%
2023 · €95,923
Net result
€18,118▲ 17,350%
2023 · €104
Working capital
€35,238▲ 3.1%
2023 · €34,195
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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
Line20202021202220232024
Operating result€24,593▲ 58.1%€5,133▼ 79.1%€6,092▲ 18.7%€1,876▼ 69.2%€22,224▲ 1,085%
Net result€18,074within the sector's middle half▲ 64.1%€2,722within the sector's middle half▼ 84.9%€3,349within the sector's middle half▲ 23.1%€104within the sector's middle half▼ 96.9%€18,118within the sector's middle half▲ 17,350%
Equity€44,753within the sector's middle half▲ 67.7%€47,474within the sector's middle half▲ 6.1%€50,824within the sector's middle half▲ 7.1%€50,928within the sector's middle half▲ 0.2%€62,046within the sector's middle half▲ 21.8%
Total assets€94,197below the sector's middle half=€87,526below the sector's middle half▼ 7.1%€102,925below the sector's middle half▲ 17.6%€95,923below the sector's middle half▼ 6.8%€97,413within the sector's middle half▲ 1.6%
Debt€49,445▼ 26.8%€40,051▼ 19.0%€52,101▲ 30.1%€44,995▼ 13.6%€35,368▼ 21.4%
Working capital€26,838within the sector's middle half▲ 65.6%€19,741within the sector's middle half▼ 26.4%€30,713within the sector's middle half▲ 55.6%€34,195within the sector's middle half▲ 11.3%€35,238within the sector's middle half▲ 3.1%
Solvency47.5%within the sector's middle half▲ 19.2pp54.2%within the sector's middle half▲ 6.7pp49.4%within the sector's middle half▼ 4.9pp53.1%within the sector's middle half▲ 3.7pp63.7%within the sector's middle half▲ 10.6pp
Current ratio1.68within the sector's middle half▲ 0.381.55within the sector's middle half▼ 0.141.61within the sector's middle half▲ 0.061.79within the sector's middle half▲ 0.182.01within the sector's middle half▲ 0.22
Return on assets (ROA)19.2%above the sector's middle half▲ 7.5pp3.1%within the sector's middle half▼ 16.1pp3.3%within the sector's middle half▲ 0.1pp0.1%within the sector's middle half▼ 3.1pp18.6%above the sector's middle half▲ 18.5pp
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, 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
The operating result recovers in 2024; 2024 is 1,085% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €97,413
Fixed assets
€27,148 ▲ 48.9%
Current assets
€70,266 ▼ 9.6%
Equity and liabilities €97,413
Equity
€62,046 ▲ 21.8%
Debt
€35,368 ▼ 21.4%
Debt's share of the balance-sheet total falls from 46.9% to 36.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,020▲
2023 · €9,669
Cash flow
€26,913▲
2023 · €7,896
Quick ratio
0.77▼
2023 · 0.78
Debt to equity
0.57▼
2023 · 0.88
ROE
29.2%▲
2023 · 0.2%
Interest coverage
380.00▲
2023 · 171.25
Debt ≤ 1 year
€35,028▼
2023 · €43,495
Income taxes
€4,025▲
2023 · €1,800
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 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% | 1.9% |
| 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 26,975 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €1,778 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,326 | €13,027 | €14,379 | €7,792 | €8,795 | ▲ 12.9% |
| Other operating charges640/8 | - | €1,113 | €1,286 | €996 | €2,255 | ▲ 126% |
| Gross operating margin9900 | €35,515 | €21,051 | €21,756 | €10,664 | €33,275 | ▲ 212% |
| Operating profit (loss)9901 | €24,593 | €5,133 | €6,092 | €1,876 | €22,224 | ▲ 1,085% |
| Financial income75/76B | - | €18 | €1 | €84 | - | - |
| Recurring financial income75 | €0 | €18 | €1 | €84 | - | - |
| Financial charges65/66B | - | €551 | €180 | €56 | €82 | ▲ 44.6% |
| Recurring financial charges65 | €2,149 | €551 | €180 | €56 | €82 | ▲ 44.6% |
| Profit (loss) for the period before taxes9903 | €22,444 | €4,600 | €5,912 | €1,904 | €22,143 | ▲ 1,063% |
| Income taxes67/77 | €4,370 | €1,878 | €2,563 | €1,800 | €4,025 | ▲ 124% |
| Profit (loss) for the period9904 | €18,074 | €2,722 | €3,349 | €104 | €18,118 | ▲ 17,350% |
| Profit (loss) for the period to be appropriated9905 | €18,074 | €2,722 | €3,349 | €104 | €18,118 | ▲ 17,350% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,197 | €87,526 | €102,925 | €95,923 | €97,413 | ▲ 1.6% |
| Fixed assets21/28 | €28,135 | €31,604 | €21,911 | €18,233 | €27,148 | ▲ 48.9% |
| Intangible fixed assets21 | €13,361 | €18,566 | €12,794 | €8,523 | €4,251 | ▼ 50.1% |
| Tangible fixed assets22/27 | €14,595 | €12,858 | €8,937 | €9,710 | €22,897 | ▲ 136% |
| Plant, machinery and equipment23 | - | €835 | €5,061 | €5,825 | €9,713 | ▲ 66.8% |
| Furniture and vehicles24 | - | €5,576 | €3,876 | €3,886 | €13,184 | ▲ 239% |
| Leasing and similar rights25 | - | €6,447 | - | €0 | €0 | - |
| Financial fixed assets28 | €180 | €180 | €180 | - | - | - |
| Current assets29/58 | €66,062 | €55,922 | €81,014 | €77,690 | €70,266 | ▼ 9.6% |
| Stocks and contracts in progress3 | €24,587 | €30,253 | €60,320 | €43,803 | €43,426 | ▼ 0.9% |
| Stocks30/36 | - | €30,253 | €60,320 | €43,803 | €43,426 | ▼ 0.9% |
| Amounts receivable within one year40/41 | €4,588 | €15,214 | €19,101 | €10,427 | €4,946 | ▼ 52.6% |
| Trade receivables40 | - | €13,592 | €13,835 | €8,134 | €2,686 | ▼ 67.0% |
| Other amounts receivable41 | - | €1,622 | €5,266 | €2,293 | €2,260 | ▼ 1.4% |
| Cash at bank and in hand54/58 | €35,879 | €8,302 | €1,593 | €22,325 | €21,886 | ▼ 2.0% |
| Deferred charges and accrued income490/1 | - | €2,154 | - | €1,135 | €7 | ▼ 99.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,197 | €87,526 | €102,925 | €95,923 | €97,413 | ▲ 1.6% |
| Equity10/15 | €44,753 | €47,474 | €50,824 | €50,928 | €62,046 | ▲ 21.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €26,153 | €28,874 | €32,224 | €32,328 | €43,446 | ▲ 34.4% |
| Amounts payable17/49 | €49,445 | €40,051 | €52,101 | €44,995 | €35,368 | ▼ 21.4% |
| Amounts payable after more than one year17 | €8,421 | €2,371 | - | - | - | - |
| Financial debts170/4 | - | €2,371 | - | - | - | - |
| Amounts payable within one year42/48 | €39,224 | €36,181 | €50,301 | €43,495 | €35,028 | ▼ 19.5% |
| Current portion of amounts payable after more than one year42 | - | €6,050 | €2,371 | - | - | - |
| Trade debts44 | €5,626 | €3,766 | - | €3,440 | €0 | ▼ 100% |
| Suppliers440/4 | - | €3,766 | - | €3,440 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | - | - | €1,200 | - | - |
| Taxes, remuneration and social security45 | - | €854 | €13,363 | €1,800 | €823 | ▼ 54.3% |
| Taxes450/3 | - | €854 | €2,563 | €1,800 | €25 | ▼ 98.6% |
| Remuneration and social security454/9 | - | - | €10,800 | - | €798 | - |
| Other amounts payable47/48 | - | €25,512 | €34,568 | €37,055 | €34,205 | ▼ 7.7% |
| Accrued charges and deferred income492/3 | - | €1,500 | €1,800 | €1,500 | €340 | ▼ 77.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,074 | €2,722 | €3,349 | €104 | €18,118 | ▲ 17,350% |
| + Depreciation and write-downs630 | €9,326 | €13,027 | €14,379 | €7,792 | €8,795 | ▲ 12.9% |
| Operating cash flow (approximation) | €27,400 | €15,748 | €17,728 | €7,896 | €26,913 | ▲ 241% |
| Investment in fixed assets (approximation) | - | -€16,495 | -€4,686 | -€4,114 | -€17,710 | ▼ 330% |
| Change in cash | - | -€27,577 | -€6,709 | €20,732 | -€439 | ▼ 102% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €18,118 ▲17,350%
Net result €18,118, the highest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €104 ▼96.9%
Net result drops to €104, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 86 days late
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Sprimont · 1 establishment unit since 2016
Ground area
4,300 m²
Building footprint
157 m²
Volume, LiDAR
996 m³
Parcel 62100D1131/00E000, Wallonia · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AQUILEX - TST
since 20162.258.328.165
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62100D1131/00E000 | Wallonia | 4,300 m² | 1 · 157 m² | 10.1 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.
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Of 63 companies in sector 28295 we hold annual accounts for 55. 26 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
Founded10-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
28295Manufacture of machinery and equipment not elsewhere classified
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
95220Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0665903218
Also
9925:BE0665903218
Registered
01-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.