TSUYO
ActiveSummary
The computed 12-month bankruptcy probability of TSUYO is 3.0% (moderate). The 2024 annual accounts show negative equity (€-14k) and a net result of €-16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 36375 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability32▲+9
Solvency23▼-2
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.02 against 1.05 in 2023; short-term debt: 97.8% and cash: 0.3% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-1.8%
Return on assets
-2.1%
Age of the figures
21 mo
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-14k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
86 d late
2022
115 d late
2021
75 d late
2020
90 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€209k
EBIT margin
-2.5%
Net result
€-16k▲ 58.9%
2023 · €-39k
2018: €-5k
2019: €-287▲ +94.6% vs 2018
2020: €41k▲ +14465% vs 2019highest in 7 years
2021: €31k▼ -25.7% vs 2020
2022: €-26k▼ -184% vs 2021
2023: €-39k▼ -53.2% vs 2022lowest in 7 years
2024: €-16k▲ +58.9% vs 2023
2018 → 2024
Working capital
€16k▼ 49.6%
2023 · €33k
2018: €-825
2019: €-4k▼ -377% vs 2018lowest in 7 years
2020: €37k▲ +1048% vs 2019
2021: €68k▲ +82.1% vs 2020highest in 7 years
2022: €42k▼ -37.9% vs 2021
2023: €33k▼ -22.4% vs 2022
2024: €16k▼ -49.6% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€37k-€68k▲ 82.1%€42k▼ 37.9%€3k▼ 93.6%€-14k
2020: €37k
2021: €68k▲ +82.1% vs 2020highest in 5 years
2022: €42k▼ -37.9% vs 2021
2023: €3k▼ -93.6% vs 2022
2024: €-14k▼ -602% vs 2023lowest in 5 years
Operating result€57k-€48k▼ 14.6%€-19k€-40k▼ 111%€-16k▲ 59.2%
2020: €57khighest in 5 years
2021: €48k▼ -14.6% vs 2020
2022: €-19k▼ -139% vs 2021
2023: €-40k▼ -111% vs 2022lowest in 5 years
2024: €-16k▲ +59.2% vs 2023
Net result€41k-€31k▼ 25.7%€-26k€-39k▼ 53.2%€-16k▲ 58.9%
2020: €41khighest in 5 years
2021: €31k▼ -25.7% vs 2020
2022: €-26k▼ -184% vs 2021
2023: €-39k▼ -53.2% vs 2022lowest in 5 years
2024: €-16k▲ +58.9% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2024 against €40k in 2023; the loss shrinks.
Key figures and ratios
Solvency
-1.8%▼
2023 · 0.4%
Current ratio
1.02▼
2023 · 1.05
Debt to equity
-57.44
ROA
-2.1%▲
2023 · -5.7%
Debt
€777k▲
2023 · €689k
Debt ≤ 1 year
€747k▲
2023 · €659k
Debt > 1 year
€30k=
2023 · €30k
Staff costs
€0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 36 lines
Balance sheet
Code20232024
Assets
Total assets20/58€692k€763k▲
Current assets29/58€692k€763k▲
Amounts receivable within one year40/41€690k€761k▲
Trade receivables40€690k€752k▲
Other amounts receivable41€41€9k▲
Cash at bank and in hand54/58€3k€3k▲
Deferred charges and accrued income490/1-€0
Equity and liabilities
Total equity and liabilities10/49€692k€763k▲
Equity10/15€3k€-14k▼
Contributions10/11€7k€7k=
Reserves13€322€322=
Distributable reserves133€322€322=
Profit (loss) carried forward14€-5k€-21k▼
Amounts payable17/49€689k€777k▲
Amounts payable after more than one year17€30k€30k=
Financial debts170/4€30k€30k=
Amounts payable within one year42/48€659k€747k▲
Trade debts44€582k€643k▲
Suppliers440/4€582k€643k▲
Taxes, remuneration and social security45€19k€18k▼
Taxes450/3-€0
Remuneration and social security454/9€19k€18k▼
Other amounts payable47/48€59k€86k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€0
Other operating charges640/8€682€3k▲
Gross operating margin9900€-39k€-13k▲
Operating profit (loss)9901€-40k€-16k▲
Financial income75/76B€119-
Recurring financial income75€119-
Financial charges65/66B€0€86▲
Recurring financial charges65€0€86▲
Profit (loss) for the period before taxes9903€-39k€-16k▲
Profit (loss) for the period9904€-39k€-16k▲
Profit (loss) for the period to be appropriated9905€-39k€-16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-21k▼
Profit (loss) brought forward from the previous period14P€34k€-5k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €2k | €1k | - | €0 | - |
| Other operating charges640/8 | - | €1k | €1k | €682 | €3k | ▲ 326% |
| Gross operating margin9900 | €61k | €51k | €-16k | €-39k | €-13k | ▲ 66.0% |
| Operating profit (loss)9901 | €57k | €48k | €-19k | €-40k | €-16k | ▲ 59.2% |
| Financial income75/76B | - | - | - | €119 | - | - |
| Recurring financial income75 | €23 | - | - | €119 | - | - |
| Financial charges65/66B | - | €6k | €7k | €0 | €86 | - |
| Recurring financial charges65 | €6k | €6k | €7k | €0 | €86 | - |
| Profit (loss) for the period before taxes9903 | €51k | €43k | €-26k | €-39k | €-16k | ▲ 58.9% |
| Income taxes67/77 | €9k | €12k | - | - | - | - |
| Profit (loss) for the period9904 | €41k | €31k | €-26k | €-39k | €-16k | ▲ 58.9% |
| Profit (loss) for the period to be appropriated9905 | €41k | €31k | €-26k | €-39k | €-16k | ▲ 58.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €455k | €716k | €684k | €692k | €763k | ▲ 10.3% |
| Current assets29/58 | €455k | €716k | €684k | €692k | €763k | ▲ 10.3% |
| Amounts receivable within one year40/41 | €454k | €677k | €681k | €690k | €761k | ▲ 10.3% |
| Trade receivables40 | - | €674k | €681k | €690k | €752k | ▲ 9.1% |
| Other amounts receivable41 | - | €3k | €814 | €41 | €9k | ▲ 20,598% |
| Cash at bank and in hand54/58 | €1k | €39k | €2k | €3k | €3k | ▲ 0.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €455k | €716k | €684k | €692k | €763k | ▲ 10.3% |
| Equity10/15 | €37k | €68k | €42k | €3k | €-14k | ▼ 602% |
| Contributions10/11 | - | €7k | €7k | €7k | €7k | = |
| Reserves13 | €322 | €322 | €322 | €322 | €322 | = |
| Non-distributable reserves130/1 | - | €322 | €322 | - | - | - |
| Reserves not available under the articles1311 | - | €322 | €322 | - | - | - |
| Distributable reserves133 | - | - | - | €322 | €322 | = |
| Profit (loss) carried forward14 | €30k | €60k | €34k | €-5k | €-21k | ▼ 327% |
| Amounts payable17/49 | €418k | €648k | €641k | €689k | €777k | ▲ 12.7% |
| Amounts payable after more than one year17 | - | - | - | €30k | €30k | = |
| Financial debts170/4 | - | - | - | €30k | €30k | = |
| Amounts payable within one year42/48 | €418k | €648k | €641k | €659k | €747k | ▲ 13.3% |
| Trade debts44 | €236k | €329k | €458k | €582k | €643k | ▲ 10.5% |
| Suppliers440/4 | - | €329k | €458k | €582k | €643k | ▲ 10.5% |
| Taxes, remuneration and social security45 | - | €34k | €17k | €19k | €18k | ▼ 6.2% |
| Taxes450/3 | - | €12k | - | - | €0 | - |
| Remuneration and social security454/9 | - | €22k | €17k | €19k | €18k | ▼ 6.2% |
| Other amounts payable47/48 | - | €285k | €166k | €59k | €86k | ▲ 47.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €31k | €-26k | €-39k | €-16k | ▲ 58.9% |
| Operating cash flow (approximation) | €41k | €31k | €-26k | €-39k | €-16k | ▲ 58.9% |
| Change in cash | - | €38k | €-37k | €277 | €17 | ▼ 93.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
23-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 115 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Back to profitnet €41k
Net result €41k after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 134 days late
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, Vorst · 1 establishment unit since 2016
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.
K.M.-Hendrikalaan 191190 Vorst1 establishment unit
TSUYO
since 20162.270.391.601
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 946 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
Founded27-05-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
43990Other specialised construction activities
Contact
E-mail
info@bobservice.be
Scores and ratios are computed by Checked and are not a credit decision.