TUINSERVICE
ActiveSummary
TUINSERVICE has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €182k and a net result of €50k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 78% of 5894 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability92▼-8
Solvency94▼-5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 2.18 in 2023; short-term debt: 30.7% and cash: 43.3% of total assets), and 31.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three 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 81
Relative position
BE, all sectors
reference
Sector 81
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
27 d late
2021
30 d late
2020
51 d early
2019
117 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€182k▼ 4.7%
2023 · €191k
2018: €92k
2019: €135k
2020: €138k
2021: €178k
2022: €162k
2023: €191k
2018 → 2024
Total assets
€266k▲ 2.5%
2023 · €259k
2018: €193k
2019: €164k
2020: €212k
2021: €261k
2022: €269k
2023: €259k
2018 → 2024
Net result
€50k▼ 38.5%
2023 · €82k
2018: €-23k
2019: €42k
2020: €31k
2021: €92k
2022: €35k
2023: €82k
2018 → 2024
Working capital
€67k▼ 13.5%
2023 · €78k
2018: €19k
2019: €83k
2020: €67k
2021: €77k
2022: €5k
2023: €78k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€138k-€178k▲ 29.4%€162k▼ 9.4%€191k▲ 18.4%€182k▼ 4.7%
Operating result€34k-€126k▲ 265%€43k▼ 65.5%€104k▲ 141%€68k▼ 35.1%
Net result€31k-€92k▲ 200%€35k▼ 62.0%€82k▲ 133%€50k▼ 38.5%
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 falls in 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €266k
Fixed assets
€117k ▲ 1.4%
Current assets
€149k ▲ 3.4%
Equity and liabilities €266k
Equity
€182k ▼ 4.7%
Provisions
€2k ▼ 0.2%
Debt
€82k ▲ 23.3%
Debt's share of the balance-sheet total rises from 25.5% to 30.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€111k▼
2023 · €146k
Cash flow
€93k▼
2023 · €123k
Current ratio
1.83▼
2023 · 2.18
Debt to equity
0.45▲
2023 · 0.35
ROE
27.5%▼
2023 · 42.6%
ROA
18.9%▼
2023 · 31.5%
Interest coverage
87.99▲
2023 · 87.35
Debt ≤ 1 year
€82k▲
2023 · €66k
Income taxes
€18k▼
2023 · €21k
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 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€259k€266k▲
Fixed assets21/28€115k€117k▲
Tangible fixed assets22/27€115k€117k▲
Land and buildings22€3k€8k▲
Plant, machinery and equipment23€27k€40k▲
Furniture and vehicles24€86k€68k▼
Current assets29/58€144k€149k▲
Amounts receivable within one year40/41€86k€34k▼
Trade receivables40€78k€8k▼
Other amounts receivable41€8k€25k▲
Cash at bank and in hand54/58€56k€115k▲
Deferred charges and accrued income490/1€2k€223▼
Equity and liabilities
Total equity and liabilities10/49€259k€266k▲
Equity10/15€191k€182k▼
Contributions10/11€6k€6k=
Reserves13€185k€176k▼
Tax-exempt reserves132€6k€6k▼
Distributable reserves133€179k€170k▼
Provisions and deferred taxes16€2k€2k▼
Deferred taxes168€2k€2k▼
Amounts payable17/49€66k€82k▲
Amounts payable within one year42/48€66k€82k▲
Trade debts44€35k€57k▲
Suppliers440/4€35k€57k▲
Taxes, remuneration and social security45€32k€18k▼
Taxes450/3€32k€18k▼
Other amounts payable47/48-€7k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€43k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€148k€113k▼
Operating profit (loss)9901€104k€68k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€104k€68k▼
Transfer from deferred taxes780-€3
Transfer to deferred taxes680€2k-
Income taxes67/77€21k€18k▼
Profit (loss) for the period9904€82k€50k▼
Transfer from tax-exempt reserves789-€10
Transfer to tax-exempt reserves689€6k-
Profit (loss) for the period to be appropriated9905€75k€50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€50k▼
Transfer from equity791/2€52k€52k=
Transfer to equity691/2€75k€43k▼
To other reserves6921€75k€43k▼
Profit to be distributed694/7€52k€59k▲
Return on contributions (dividend)694€52k€52k=
Directors or managers695-€7k
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 2.18
Current ratio from 1.04 to 2.18; short-term debt falls from €107k to €66k.
27-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 27 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €92k ▲200%
Operating result €126k, net result €92k, both a record.
31-12
Financial
Equity above €150kEq €178k ▲29.4%
3 profitable years in a row build equity to €178k.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.77
Current ratio from 1.18 to 3.77; short-term debt falls from €101k to €30k.
31-12
Financial
Equity above €100kEq €135k ▲45.8%
Equity rises from €92k to €135k.
Show earlier events
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 36 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 42 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Herentals · 1 establishment unit since 1997
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.
Kapelstraat(MRH) 642200 HerentalsGround area
1,424 m²
Building footprint
156 m²
Volume, LiDAR
947 m³
Parcel 13026A0080/00C003, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TUINSERVCIE
since 19972.081.212.697
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13026A0080/00C003 | Flanders | 1,424 m² | 1 · 156 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
FORENCO
BE 0640.969.565
Court-Saint-Etienne · Eq €182,452
TUINEN PIETER VANDAELE
BE 0805.376.350
Moorslede · Eq €182,443
Carpe Diem Groep
BE 0461.125.429
Brecht · Eq €182,654
LOONBEDRIJF BUYS
BE 0457.885.431
Sint-Gillis-Waas · Eq €182,775
GEERAERTS MARC
BE 0447.108.335
Affligem · Eq €183,404
Of 21,216 companies in sector 81300 we hold annual accounts for 4,362. 3,460 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-03-1997
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.