TSV
ActiveThe computed 12-month bankruptcy probability of TSV is 1.9% (moderate). The 2025 annual accounts show equity of €53k and a net result of €2k. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 17% of 1822 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
64
/ 100
Healthy▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability14▲+14
Solvency25▼-10
Growth52=
Stability100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.72 in 2024), and 88.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
11.9%
Return on assets
0.3%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1822 sector peers (2025).
NBB · sector comparisonPosition among 1822 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 8 filingsDeviation from the deadline
2025
27 d late
2024
9 d late
2023
4 d early
2022
30 d late
2021
17 d late
2020
30 d late
2019
89 d late
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€53k▲ 2.9%
2024 · €52k
2018: €25k
2019: €26k
2020: €34k
2021: €43k
2022: €53k
2023: €53k
2024: €52k
2018 → 2025
Total assets
€446k▲ 3.6%
2024 · €430k
2018: €175k
2019: €204k
2020: €237k
2021: €345k
2022: €500k
2023: €494k
2024: €430k
2018 → 2025
Net result
€2k
2024 · €-2k
2018: €6k
2019: €1k
2020: €8k
2021: €9k
2022: €10k
2023: €521
2024: €-2k
2018 → 2025
Working capital
€38k▼ 42.0%
2024 · €65k
2018: €-28k
2019: €-14k
2020: €-3k
2021: €-29k
2022: €141k
2023: €76k
2024: €65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€43k-€53k▲ 22.5%€53k▲ 1.0%€52k▼ 3.2%€53k▲ 2.9%
Operating result€19k-€25k▲ 29.7%€13k▼ 49.5%€12k▼ 2.9%€21k▲ 71.5%
Net result€9k-€10k▲ 7.5%€521▼ 94.7%€-2k€2k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 71% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446k
Fixed assets
€271k▼ 1.6%
Current assets
€174k▲ 12.9%
Equity and liabilities €446k
Equity
€53k▲ 2.9%
Debt
€392k▲ 3.7%
The debt ratio rises from 88.0% to 88.1%: debt grows faster than equity.
Key figures and ratios
EBITDA
€52k▲
2024 · €45k
Cash flow
€32k▲
2024 · €31k
Solvency
11.9%▼
2024 · 12.0%
Current ratio
1.28▼
2024 · 1.72
Quick ratio
1.25▼
2024 · 1.67
Debt / equity
7.38▲
2024 · 7.32
ROE
2.9%▲
2024 · -3.3%
ROA
0.3%▲
2024 · -0.4%
Interest coverage
2.64▼
2024 · 3.25
Debt
€392k▲
2024 · €378k
Debt ≤ 1 year
€137k▲
2024 · €90k
Debt > 1 year
€256k▼
2024 · €289k
Staff costs
€250k▼
2024 · €286k
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€430k€446k▲
Fixed assets21/28€275k€271k▼
Tangible fixed assets22/27€267k€263k▼
Land and buildings22€235k€227k▼
Plant, machinery and equipment23€2k-
Furniture and vehicles24€30k€36k▲
Financial fixed assets28€9k€8k▼
Current assets29/58€154k€174k▲
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€123k€165k▲
Trade receivables40€102k€126k▲
Other amounts receivable41€21k€39k▲
Cash at bank and in hand54/58€23k€4k▼
Deferred charges and accrued income490/1€4k€2k▼
Equity and liabilities
Total equity and liabilities10/49€430k€446k▲
Equity10/15€52k€53k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€31k€33k▲
Amounts payable17/49€378k€392k▲
Amounts payable after more than one year17€289k€256k▼
Financial debts170/4€289k€256k▼
Amounts payable within one year42/48€90k€137k▲
Current portion of amounts payable after more than one year42€42k€52k▲
Trade debts44€17k€8k▼
Suppliers440/4€17k€8k▼
Taxes, remuneration and social security45€31k€56k▲
Taxes450/3€25k€44k▲
Remuneration and social security454/9€6k€12k▲
Other amounts payable47/48-€21k
Income statement
Code20242025
Remuneration, social security and pensions62€286k€250k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€31k▼
Other operating charges640/8€1k€5k▲
Non-recurring operating charges66A-€794
Gross operating margin9900€332k€307k▼
Operating profit (loss)9901€12k€21k▲
Financial income75/76B€946€8▼
Recurring financial income75€946€8▼
Financial charges65/66B€14k€20k▲
Recurring financial charges65€14k€20k▲
Profit (loss) for the period before taxes9903€-443€2k▲
Income taxes67/77€1k-
Profit (loss) for the period9904€-2k€2k▲
Profit (loss) for the period to be appropriated9905€-2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€33k▲
Profit (loss) brought forward from the previous period14P€33k€31k▼
The notes to these accounts (7 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 9 days late
2024
31-12
Financial
Weakest financial yearnet €-2k ▼425%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €10k ▲7.5%
Operating result €25k, net result €10k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.86
Current ratio from 0.89 to 1.86; short-term debt falls from €268k to €163k.
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 · 2 establishment units since 2017
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.
Clos Yves Robert(LVG) 154141 SprimontGround area
4,590 m²
Building footprint
287 m²
Volume, LiDAR
1,938 m³
2 parcels, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
TSV
since 20172.267.176.347
TSV
since 20212.316.864.497
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62095A0088/00B000 | Wallonia | 3,344 m² | 1 · 161 m² | 8.6 m · 2 fl. |
| 62067B0503/00D006 | Wallonia | 1,246 m² | 1 · 126 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,446 companies in sector 49410 we hold annual accounts for 8,083. 5,937 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-08-2017
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.