TSV
ActiveTSV has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.08M and a net result of €157k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 95% of 7431 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
93
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability73▼-16
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 12.14 against 5.36 in 2023), and 8.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 2024Solvency, return and age of the figures
Solvency
91.7%
Return on assets
13.4%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
14 d late
2022
39 d early
2021
32 d early
2020
26 d early
2019
44 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.08M▲ 12.1%
2023 · €959k
2022: €807k
2023: €959k
2022 → 2024
Total assets
€1.17M▲ 0.3%
2023 · €1.17M
2022: €973k
2023: €1.17M
2022 → 2024
Net result
€157k▼ 8.0%
2023 · €171k
2022: €135k
2023: €171k
2022 → 2024
Working capital
€928k▲ 14.6%
2023 · €810k
2022: €753k
2023: €810k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€807k-€959k▲ 18.9%€1.08M▲ 12.1%
Operating result€191k-€248k▲ 29.4%€227k▼ 8.3%
Net result€135k-€171k▲ 26.9%€157k▼ 8.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.17M
Fixed assets
€160k▼ 7.0%
Current assets
€1.01M▲ 1.6%
Equity and liabilities €1.17M
Equity
€1.08M▲ 12.1%
Debt
€97k▼ 53.8%
The debt ratio falls from 17.9% to 8.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€272k▼
2023 · €285k
Cash flow
€203k▼
2023 · €209k
Solvency
91.7%▲
2023 · 82.1%
Current ratio
12.14▲
2023 · 5.36
Quick ratio
9.88▲
2023 · 3.95
Debt / equity
0.09▼
2023 · 0.22
ROE
14.6%▼
2023 · 17.9%
ROA
13.4%▼
2023 · 14.7%
Interest coverage
90.65▲
2023 · 79.51
Debt
€97k▼
2023 · €209k
Debt ≤ 1 year
€83k▼
2023 · €186k
Debt > 1 year
€13k▼
2023 · €23k
Income taxes
€68k▼
2023 · €74k
Staff costs
€159k▼
2023 · €171k
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 · 2024 against 2023
Balance sheet
Code20232024
Total assets
20/58€1.17M€1.17M▲
Fixed assets
21/28€172k€160k▼
Tangible fixed assets
22/27€172k€160k▼
Current assets
29/58€996k€1.01M▲
Stocks & contracts in progress
3€262k€188k▼
Amounts receivable within one year
40/41€289k€307k▲
Cash & bank
54/58€439k€512k▲
Total equity & liabilities
10/49€1.17M€1.17M▲
Equity
10/15€959k€1.08M▲
Contributions / capital
10/11€19k€19k=
Reserves
13€940k€1.06M▲
Amounts payable
17/49€209k€97k▼
Amounts payable after one year
17€23k€13k▼
Amounts payable within one year
42/48€186k€83k▼
Trade debts payable within one year
44€136k€51k▼
Income statement
Code20232024
Gross operating margin
9900€458k€451k▼
Operating result
9901€248k€227k▼
Financial income
75€836€1k▲
Financial charges
65€4k€3k▼
Result before taxes
9903€245k€225k▼
Income taxes
67/77€74k€68k▼
Net result for the period
9904€171k€157k▼
Result to be appropriated
9905€171k€157k▼
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 12.14
Current ratio from 5.36 to 12.14; short-term debt falls from €186k to €83k.
31-12
Financial
Equity above €1MEq €1.08M ▲12.1%
3 profitable years in a row build equity to €1.08M.
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 14 days late
2023
31-12
Financial
Highest result since 2022net €171k ▲26.9%
Operating result €248k, net result €171k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
VANVER
BE 0443.700.665
Wingene · Eq €1.08M
S. Versieck
BE 0866.996.391
Maldegem · Eq €1.07M
Devokon
BE 0415.465.747
Kluisbergen · Eq €1.07M
STEDICOM
BE 0479.417.847
Wortegem-Petegem · Eq €1.08M
DE MEYER
BE 0871.370.893
Evergem · Eq €1.08M
Of 19,930 companies in sector 43320 we hold annual accounts for 8,866. 4,175 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2001
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43320Joinery installation
45310
45422
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-07-2026. Scores and ratios are computed by Checked and are not a credit decision.