Equity
€41,920 from €350,377 in 2023
Equity fell by 88% in 2 years.
TVRN
Lifetime
7 annual accounts with figures on one time axispeak €128,083 (2025)
€128,083▲ 33.8%
peak €92,451 (2020)
€91,416▲ 40.4%
peak €350,377 (2023)
€41,920▼ 72.1%
€343,593▲ 130%
Board1 name since 2021
1 directorVAN ROOSBROECK Thijs
Documentsfilings and deeds
24-06-202637 days before the deadline
2025micro format
Gross margin from €95,738 to €128,083Result from €65,126 to €91,416Amendment of the articles 10-04Dividend €200,000Equity from €150,504 to €41,920Debts from €149,423 to €343,593
Key points
from the 2025 annual accountsDebts
€343,593 89% of the balance sheet
Suppliers 1%Taxes and wages 14%Other 85%
Investments
€2,098 2.5 × depreciation
Green is investment, beige is depreciation.
Liquidity
0.87 was 1.45 in 2024
Short-term debts rose from €145,538 to €343,593.
Filings
7 annual accounts since 2019
The last five annual accounts were filed 25 to 38 days before the end of the period.
Position in the sector
10.9%
Lower solvency than 84% of companies in architecture and engineering. Sector median 53.9% · 11,794 companies.
Checked score
92
Excellent
Financially stronger than 32% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.3 percentage points vs 06-2025highest value
08-2025: 0.3%● unchanged vs 07-2025highest value
09-2025: 0.3%● unchanged vs 08-2025highest value
10-2025: 0.1%▼ -0.2 percentage points vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026
10-2026: 0.1%▼ -0.1 percentage points vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €41,920 (10.9% of total assets)
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Size: total assets €385,513
Liquidity: current ratio 0.87, cash €152,579
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 16% of them on solvency, 33% on liquidity, 74% on profitability and 7% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as TVRN has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TVRN itself is lower: 0.1% within 12 months. It rests on far more data about TVRN than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,713 companies, not a prediction for TVRN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.87 (1.45 in 2024), below 1. Short-term debt is 89.1% and cash 39.6% of total assets. 89.1% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 11794 sector peers (2025).
NBB · sector comparisonPosition among 11794 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
37 days early
2024
38 days early
2023
27 days early
2022
38 days early
2021
25 days early
2020
33 days early
2019
42 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0705879589
Amendment of the articles
“Alle studies en activiteiten van raadgevend ingenieur,consultancy in raadgevend ingenieur en projectbeheer in…” (deed in Dutch) · General meeting of 08-04-2025 · Gazette deed
Registered office moved within Opwijk
New registered office: Kerkstraat 5, 1745 Opwijk · Previous registered office: Waaienberg 118, 1745 Opwijk · Appointment: VAN ROOSBROECK Thijs (director) · General meeting of 24-08-2023 · Gazette deed
First establishment
Waaienberg 118, Opwijk
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TVRN Opwijk | €385,513 | €128,083 | 10.9% | - |
| VDH Halle | €392,104 | €126,223 | 70.0% | - |
| RED MOOSE Vilvoorde | €384,044 | €109,212 | 5.3% | - |
| KT Engineering Lier | €363,590 | €133,167 | 11.3% | - |
| Energy Mobility & Safety consulting Merelbeke-Melle | €408,262 | €132,621 | 97.1% | - |
| REACTIVP Liège | €376,886 | €133,013 | 78.4% | - |
| HATEC ENGINEERING Zonhoven | €421,818 | €141,469 | 70.9% | 1.3 |
These companies have the same main activity as TVRN: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €364,000 and €422,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 26-09-2018Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121
- Establishment unit
- 2.281.108.2201745 Opwijk, since 01-10-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 19-11-2025
Annual accounts 2025
- ≈ €260,000estimated
- €385,513▲ 28.5%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on TVRN
TVRN files the micro format. That format states no turnover. The gross margin rose from €115,840 in 2019 to €128,083 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TVRN
- What is the company number of TVRN?
- The company number of TVRN is 0705.879.589. The VAT number is the same number with BE in front: BE 0705.879.589.
- Where is TVRN based?
- The registered office is at Kerkstraat 5, 1745 Opwijk.Company details
- What does TVRN do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of TVRN?
- TVRN is a private limited company (BV).
- When was TVRN founded?
- TVRN was founded on 26-09-2018.
- Is TVRN still active?
- Yes, TVRN is an active enterprise in the KBO register.
- What is the turnover of TVRN?
- The turnover in financial year 2025 is ≈ €260,000. This figure is estimated from the gross margin of €128,083 and 36 comparable companies (NACE 711). It probably lies between €200,000 and €330,000.Financials
- Is TVRN profitable?
- In financial year 2025, TVRN made a profit of €91,416.
- Where can I find the annual accounts of TVRN?
- TVRN filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TVRN due?
- TVRN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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