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TSU

Active
Private limited companyfounded 20197 years activeLourdesstraat 64, 9041 Gent, BelgiumKBO/BCE: BE 0721.990.004
Summary

The computed 12-month bankruptcy probability of TSU is 8.7% (elevated). The 2024 annual accounts show equity of €153,361 and a net result of €58,139. Equity is growing by ~36% per year across the filed fiscal years. Its solvency ranks better than 55% of 36,396 sector peers (NACE 43, fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€299,193total assets 2024
Equity
€153,361
Profit
€58,139
Turnover not published (abridged schema)
Financial health
35 Weak Checked score 2024
Bankruptcy probability, 12 months
8.7%
Structure
Accounts 68 days overdue0 of 6 deeds read
Why 35- Figures for FY 2024 (filed 22-10-2025)- 1 change of registered office in 24 months- 1 financial year not filed after the legal deadline; latest accounts 83 days late; 2 of the last 3 late- Founded in 2019Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 63% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Strong
Solvency 76+17
equity 51.3% of total assets
Liquidity 40+8
short-term debt 42.8% · cash 8.7%
Profitability 93+42
return on assets 19.4%
Bankruptcy probability, 12 months
8.7% Elevated
0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,518 companies)
Last 24 months 11-2024: 2.0%lowest value 12-2024: 2.0%● unchanged vs 11-2024lowest value 01-2025: 2.8%▲ +0.8 percentage points vs 12-2024 02-2025: 2.7%▼ -0.1 percentage points vs 01-2025 03-2025: 2.7%● unchanged vs 02-2025 04-2025: 3.0%▲ +0.3 percentage points vs 03-2025 05-2025: 3.5%▲ +0.5 percentage points vs 04-2025 06-2025: 2.8%▼ -0.7 percentage points vs 05-2025 07-2025: 2.9%▲ +0.1 percentage points vs 06-2025 08-2025: 4.1%▲ +1.2 percentage points vs 07-2025 09-2025: 4.6%▲ +0.5 percentage points vs 08-2025 10-2025: 7.6%▲ +3.0 percentage points vs 09-2025 11-2025: 3.4%▼ -4.2 percentage points vs 10-2025 12-2025: 3.4%● unchanged vs 11-2025 01-2026: 3.3%▼ -0.1 percentage points vs 12-2025 02-2026: 3.3%● unchanged vs 01-2026 03-2026: 3.3%● unchanged vs 02-2026 04-2026: 3.6%▲ +0.3 percentage points vs 03-2026 05-2026: 3.9%▲ +0.3 percentage points vs 04-2026 06-2026: 3.8%▼ -0.1 percentage points vs 05-2026 07-2026: 3.8%● unchanged vs 06-2026 08-2026: 4.9%▲ +1.1 percentage points vs 07-2026 09-2026: 5.4%▲ +0.5 percentage points vs 08-2026 10-2026: 8.7%▲ +3.3 percentage points vs 09-2026highest value
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.89 against 1.44 in 2023; short-term debt: 42.8% and cash: 8.7% of total assets), and 48.7% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 56% on solvency, 29% on liquidity, 79% on profitability and 86% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
+raises risk○neutral
raises risk · Figures for FY 2024 (filed 22-10-2025)
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
raises risk · 1 financial year not filed after the legal deadline; latest accounts 83 days late; 2 of the last 3 late
NBB · filings
raises risk · Founded in 2019
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filings
Deviation from the deadline
2025
not confirmed
2024
83 days late
2023
27 days early
2022
86 days late
2021
30 days late
2020
59 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 46 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Highest result since 2020net €58,139 ▲372%
  3. Equity above €150,000Eq €153,361 ▲61.1%

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View
  • Positive: Among the best 11% on net resultsector median €9,287 · 36,363 companies €58,139 View
  • Positive: Equity rose in 2024from €95,222 to €153,361 ▲ 61.1% View
  • Positive: 5 profitable years in a rowprofit 2024: €58,139 5 years View

By topic

Financials

Fiscal year
2024
Total assets
€299,193
Profit
€58,139
Solvency
51.3%
Total assets▲ 7.2%
Net result
20202024
Go to Financials

Timeline

Events
8
Since
2021
  1. 04-07-2024Annual accounts filed
  2. 25-10-2023Annual accounts filed
  3. 30-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General electrical installation workNACE 43211
Founded
07-03-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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