TTA SYSTEME
ActiveSummary
The computed 12-month bankruptcy probability of TTA SYSTEME is 2.6% (moderate). The 2024 annual accounts show equity of €23,388 and a net result of €21,888. Its solvency ranks better than 25% of 540 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes
Profitability82
Solvency36
Growth-
Track record79
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.99; short-term debt: 10.6% and cash: 2.4% of total assets), but 88.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 31
Relative position
BE, all sectors
reference
Manufacture of furniture (NACE 31)
about 43% 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
11.4%
Return on assets
10.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 540 sector peers (2024).
NBB · sector comparisonPosition among 540 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 1 filingDeviation from the deadline
2024
29 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its 2024 accounts 29 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€23,388
Total assets
€205,356
Net result
€21,888
Working capital
€21,512
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €205,356
Fixed assets
€162,137
Current assets
€43,219
Equity and liabilities €205,356
Equity
€23,388
Debt
€181,968
Debt finances 88.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€33,623
Cash flow
€25,046
Current ratio
1.99
Debt to equity
7.78
ROE
93.6%
ROA
10.7%
Interest coverage
44.87
Debt ≤ 1 year
€21,707
Debt > 1 year
€160,000
Income taxes
€7,828
Staff costs
€110,396
Annual accounts
| Line | 2024 |
|---|---|
| Remuneration, social security and pensions62 | €110,396 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,159 |
| Other operating charges640/8 | €882 |
| Gross operating margin9900 | €144,901 |
| Operating profit (loss)9901 | €30,465 |
| Financial charges65/66B | €749 |
| Recurring financial charges65 | €749 |
| Profit (loss) for the period before taxes9903 | €29,715 |
| Income taxes67/77 | €7,828 |
| Profit (loss) for the period9904 | €21,888 |
| Profit (loss) for the period to be appropriated9905 | €21,888 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €205,356 | |
| Fixed assets21/28 | €162,137 | |
| Tangible fixed assets22/27 | €2,137 | |
| Furniture and vehicles24 | €2,137 | |
| Financial fixed assets28 | €160,000 | |
| Current assets29/58 | €43,219 | |
| Amounts receivable within one year40/41 | €37,072 | |
| Trade receivables40 | €31,510 | |
| Other amounts receivable41 | €5,562 | |
| Cash at bank and in hand54/58 | €4,831 | |
| Deferred charges and accrued income490/1 | €1,316 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €205,356 | |
| Equity10/15 | €23,388 | |
| Contributions10/11 | €1,500 | |
| Profit (loss) carried forward14 | €21,888 | |
| Amounts payable17/49 | €181,968 | |
| Amounts payable after more than one year17 | €160,000 | |
| Other amounts payable178/9 | €160,000 | |
| Amounts payable within one year42/48 | €21,707 | |
| Trade debts44 | €6,233 | |
| Suppliers440/4 | €6,233 | |
| Taxes, remuneration and social security45 | €15,474 | |
| Taxes450/3 | €9,807 | |
| Remuneration and social security454/9 | €5,667 | |
| Accrued charges and deferred income492/3 | €262 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | €21,888 |
| + Depreciation and write-downs630 | €3,159 |
| Operating cash flow (approximation) | €25,046 |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
NBB filing
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, Wavre · 1 establishment unit since 2023
Ground area
2,672 m²
Building footprint
71 m²
Volume, LiDAR
559 m³
Parcel 25055A0232/00G000, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TTA SYSTEME
since 20232.348.510.352
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055A0232/00G000 | Wallonia | 2,672 m² | 1 · 71 m² | 9.5 m · 3 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.
Similar companies · same sector, comparable size
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Of 618 companies in sector 31002 we hold annual accounts for 348. 188 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
Founded03-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
31002Manufacture of furniture
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0801371834
Also
9925:BE0801371834
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.