TTK
Open bankruptcyInactive; last annual accounts for fiscal year 2017.
Summary
A bankruptcy procedure is open for TTK according to publications in the Belgian State Gazette.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2017. Since then, 8 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
31-12-2018 close31-07-2019 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 03-05-2019, 276 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
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2017, micro schema
Equity
€51k▼ 18.2%
2016 · €62k
2013: €110k
2014: €96k
2015: €81k
2016: €62k
2013 → 2017
Total assets
€99k=
2016 · €99k
2013: €139k
2014: €109k
2015: €118k
2016: €99k
2013 → 2017
Net result
€-11k▲ 42.0%
2016 · €-19k
2013: €5k
2014: €-14k
2015: €-14k
2016: €-19k
2013 → 2017
Working capital
€7k▼ 82.6%
2016 · €38k
2013: €34k
2014: €34k
2015: €9k
2016: €38k
2013 → 2017
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20132014201520162017Trend
Equity€110k-€96k▼ 13.1%€81k▼ 15.0%€62k▼ 23.9%€51k▼ 18.2%
Operating result€14k-€-15k€-10k▲ 32.9%€6k€-10k
Net result€5k-€-14k€-14k▲ 0.4%€-19k▼ 34.8%€-11k▲ 42.0%
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 turns negative in 2017: a loss of €10k after €6k in 2016.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €99k
Fixed assets
€45k ▲ 89.6%
Current assets
€54k ▼ 28.0%
Equity and liabilities €99k
Equity
€51k ▼ 18.2%
Debt
€49k ▲ 29.9%
Debt's share of the balance-sheet total rises from 37.7% to 49.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1k▼
2016 · €12k
Cash flow
€-361▲
2016 · €-13k
Current ratio
1.14▼
2016 · 2.02
Quick ratio
1.10▼
2016 · 1.95
ROE
-22.2%▲
2016 · -31.3%
ROA
-11.3%▲
2016 · -19.5%
Debt ≤ 1 year
€48k▲
2016 · €37k
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 · 2017 against 2016 · 25 lines
Balance sheet
Code20162017
Assets
Total assets20/58€99k€99k=
Fixed assets21/28€24k€45k▲
Intangible fixed assets21€4k€7k▲
Tangible fixed assets22/27€20k€36k▲
Financial fixed assets28€14€3k▲
Current assets29/58€76k€54k▼
Stocks and contracts in progress3€3k€2k▼
Amounts receivable within one year40/41€63k€43k▼
Cash at bank and in hand54/58€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€99k€99k=
Equity10/15€62k€51k▼
Contributions10/11€59k€59k=
Reserves13€51k€51k=
Profit (loss) carried forward14€-48k€-59k▼
Amounts payable17/49€37k€49k▲
Amounts payable within one year42/48€37k€48k▲
Trade debts44€3k€7k▲
Income statement
Code20162017
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Gross operating margin9900€13k€11k▼
Operating profit (loss)9901€6k€-10k▼
Recurring financial income75€8€25▲
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-19k€-11k▲
Profit (loss) for the period9904€-19k€-11k▲
Profit (loss) for the period to be appropriated9905€-19k€-11k▲
Timeline · acts, filings and financial milestones
2023
08-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 02-02-2023
2019
03-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 276 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
2015
19-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 80 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 61 days late
2013
02-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 33 days late
2012
28-09
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema · 59 days late
2011
09-08
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema · 9 days late
2010
09-08
NBB filing
Annual accounts filed
fiscal year 2009 · abbreviated schema · 9 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DOMINIC GIELEN VAN DIJCKLAAN 15, 3500 HASSELT- |
02-02-2023 → present |
| Curator | XAVIER GIELEN Van Dijcklaan 15,
3500 HASSELT |
02-02-2023 → present |
| Curator | FREDERIKA VAN SWYGENHOVEN VAN DIJCKLAAN 15, 3500 HASSELT |
02-02-2023 → present |