TYCON
ActiveSummary
TYCON has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €347,866 and a net result of €43,097. Equity is shrinking by ~10.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+2
Solvency57▲+5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 3.97 against 3.63 in 2024; short-term debt: 6.8% and cash: 1.3% of total assets), but 68.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
31.9%
Return on assets
4%
Age of the figures
12 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €347,866
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-03-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
5 d early
2023
5 d early
2022
8 d early
2021
5 d early
2020
52 d early
2019
56 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 24 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€347,866▲ 14.1%
2024 · €304,770
Total assets
€1.1m▼ 2.2%
2024 · €1.1m
Net result
€43,097▲ 29.0%
2024 · €33,408
Working capital
€219,017▲ 8.8%
2024 · €201,279
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€54,461▼ 8.4%€39,276▼ 27.9%€54,254▲ 38.1%€53,814▼ 0.8%€64,919▲ 20.6%
Net result€37,225▼ 10.3%€25,110▼ 32.5%€36,670▲ 46.0%€33,408▼ 8.9%€43,097▲ 29.0%
Equity€729,581▲ 6.1%€234,691▼ 67.8%€271,361▲ 15.6%€304,770▲ 12.3%€347,866▲ 14.1%
Total assets€1.3m▲ 54.1%€1.2m▼ 4.9%€1.1m▼ 3.5%€1.1m▼ 2.8%€1.1m▼ 2.2%
Debt€508,099▲ 403%€947,109▲ 86.4%€874,729▼ 7.6%€810,017▼ 7.4%€742,107▼ 8.4%
Working capital€234,365▼ 5.0%€187,089▼ 20.2%€193,879▲ 3.6%€201,279▲ 3.8%€219,017▲ 8.8%
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 21% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€797,158 ▼ 4.8%
Current assets
€292,816 ▲ 5.4%
Equity and liabilities €1.1m
Equity
€347,866 ▲ 14.1%
Debt
€742,107 ▼ 8.4%
Debt's share of the balance-sheet total falls from 72.7% to 68.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€104,713▲
2024 · €93,609
Cash flow
€82,891▲
2024 · €73,203
Current ratio
3.97▲
2024 · 3.63
Debt to equity
2.13▼
2024 · 2.66
ROE
12.4%▲
2024 · 11.0%
ROA
4.0%▲
2024 · 3.0%
Interest coverage
16.74▲
2024 · 13.83
Debt ≤ 1 year
€73,799▼
2024 · €76,556
Debt > 1 year
€667,309▼
2024 · €732,494
Income taxes
€15,822▲
2024 · €14,768
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,265 | €39,613 | €39,794 | €39,794 | €39,794 | = |
| Other operating charges640/8 | €7,901 | €7,911 | €8,670 | €9,008 | €9,285 | ▲ 3.1% |
| Gross operating margin9900 | €101,627 | €86,800 | €102,719 | €102,617 | €113,998 | ▲ 11.1% |
| Operating profit (loss)9901 | €54,461 | €39,276 | €54,254 | €53,814 | €64,919 | ▲ 20.6% |
| Financial income75/76B | €0 | - | - | - | €257 | - |
| Recurring financial income75 | €0 | - | - | - | €257 | - |
| Financial charges65/66B | €6,919 | €8,178 | €7,339 | €6,770 | €6,256 | ▼ 7.6% |
| Recurring financial charges65 | €6,919 | €8,178 | €7,339 | €6,770 | €6,256 | ▼ 7.6% |
| Profit (loss) for the period before taxes9903 | €47,543 | €31,099 | €46,916 | €47,044 | €58,919 | ▲ 25.2% |
| Transfer from deferred taxes780 | €5,610 | €5,610 | €5,610 | €1,132 | €0 | ▼ 100% |
| Income taxes67/77 | €15,927 | €11,598 | €15,855 | €14,768 | €15,822 | ▲ 7.1% |
| Profit (loss) for the period9904 | €37,225 | €25,110 | €36,670 | €33,408 | €43,097 | ▲ 29.0% |
| Transfer from tax-exempt reserves789 | €10,895 | €10,895 | €10,895 | €10,895 | €4,370 | ▼ 59.9% |
| Profit (loss) for the period to be appropriated9905 | €48,120 | €36,005 | €47,565 | €44,303 | €47,467 | ▲ 7.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 2.2% |
| Fixed assets21/28 | €951,314 | €916,541 | €876,746 | €836,952 | €797,158 | ▼ 4.8% |
| Tangible fixed assets22/27 | €371,314 | €336,541 | €296,746 | €256,952 | €217,158 | ▼ 15.5% |
| Land and buildings22 | €371,314 | €336,541 | €296,746 | €256,952 | €217,158 | ▼ 15.5% |
| Financial fixed assets28 | €580,000 | €580,000 | €580,000 | €580,000 | €580,000 | = |
| Current assets29/58 | €298,717 | €272,000 | €270,476 | €277,835 | €292,816 | ▲ 5.4% |
| Amounts receivable within one year40/41 | €118,600 | €182,002 | €228,600 | €228,833 | €277,855 | ▲ 21.4% |
| Other amounts receivable41 | €118,600 | €182,002 | €228,600 | €228,833 | €277,855 | ▲ 21.4% |
| Cash at bank and in hand54/58 | €149,604 | €69,444 | €31,260 | €48,350 | €14,290 | ▼ 70.4% |
| Deferred charges and accrued income490/1 | €30,513 | €20,555 | €10,615 | €652 | €671 | ▲ 2.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 2.2% |
| Equity10/15 | €729,581 | €234,691 | €271,361 | €304,770 | €347,866 | ▲ 14.1% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €655,212 | €160,323 | €196,993 | €230,402 | €273,498 | ▲ 18.7% |
| Non-distributable reserves130/1 | €7,437 | €7,437 | €7,437 | €0 | - | - |
| Reserves not available under the articles1311 | €7,437 | €7,437 | €7,437 | €0 | - | - |
| Tax-exempt reserves132 | €37,055 | €26,160 | €15,265 | €4,370 | €0 | ▼ 100% |
| Distributable reserves133 | €610,721 | €126,726 | €174,291 | €226,031 | €273,498 | ▲ 21.0% |
| Provisions and deferred taxes16 | €12,352 | €6,742 | €1,132 | €0 | - | - |
| Deferred taxes168 | €12,352 | €6,742 | €1,132 | €0 | - | - |
| Amounts payable17/49 | €508,099 | €947,109 | €874,729 | €810,017 | €742,107 | ▼ 8.4% |
| Amounts payable after more than one year17 | €443,747 | €861,329 | €797,172 | €732,494 | €667,309 | ▼ 8.9% |
| Financial debts170/4 | €443,747 | €861,329 | €797,172 | €732,494 | €667,309 | ▼ 8.9% |
| Amounts payable within one year42/48 | €64,352 | €84,911 | €76,597 | €76,556 | €73,799 | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | €59,056 | €80,571 | €64,157 | €64,678 | €65,185 | ▲ 0.8% |
| Trade debts44 | €868 | €840 | €8,084 | €8,378 | €8,614 | ▲ 2.8% |
| Suppliers440/4 | €868 | €840 | €8,084 | €8,378 | €8,614 | ▲ 2.8% |
| Taxes, remuneration and social security45 | €927 | - | €855 | €0 | - | - |
| Taxes450/3 | €927 | - | €855 | €0 | - | - |
| Other amounts payable47/48 | €3,500 | €3,500 | €3,500 | €3,500 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €868 | €960 | €968 | €998 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,225 | €25,110 | €36,670 | €33,408 | €43,097 | ▲ 29.0% |
| + Depreciation and write-downs630 | €39,265 | €39,613 | €39,794 | €39,794 | €39,794 | = |
| Operating cash flow (approximation) | €76,490 | €64,723 | €76,465 | €73,203 | €82,891 | ▲ 13.2% |
| Investment in fixed assets (approximation) | - | -€4,840 | €0 | €0 | €0 | - |
| Change in cash | - | -€80,161 | -€38,183 | €17,090 | -€34,060 | ▼ 299% |
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
Next filing, fiscal year 2026, expected by
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2018net €43,097 ▲29%
Operating result €64,919, net result €43,097, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €25,110 ▼32.5%
Net result drops to €25,110, the lowest in the series; recovery starts the following year.
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
09-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
05-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Geel · 1 establishment unit since 1998
Ground area
4,460 m²
Building footprint
1,688 m²
Volume, LiDAR
10,330 m³
Parcel 13373A0483/00H000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Lammerdries 11, 2440 Geel
since 19982.084.965.510
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373A0483/00H000 | Flanders | 4,460 m² | 1 · 1,688 m² | 7.8 m · 2 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- V & R TRADING
- TYCON
Highest known parent: V & R TRADING. The sources do not say who stands above it.
Owners 1
- V & R TRADINGparent100%
Holdings 1
-
100%
According to the annual accounts to 30-09-2025 of TYCON and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded09-01-1998
Fiscal year end30-09
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462370789
Also
9925:BE0462370789
Registered
29-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.