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TYROLIT

Active
Public limited companyfounded 1929active for 97 yearsPreenakker 23, 1785 Merchtem, BelgiumKBO/BCE: BE 0402.150.023
Summary

The computed 12-month bankruptcy probability of TYROLIT is 2.5% (moderate). The 2024 annual accounts show equity of €1.3m and a net result of €69,516. Equity is growing by about 31% per year across the filed financial years. Its solvency ranks better than 21% of 323 sector peers (NACE 23, financial year 2024). The company has been active since 1929 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Manufacture of other non-metallic mineral products
NACE 23910Wholesale of other machinery and equipment NACE 46649
Oldest company in Merchtem1 site
Size
€5.9mtotal assets 2024
Staff
22.2 FTE
Equity
€1.3m
Profit
€69,516
Net result -69%: other schema
Financial health
51 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
2.5%
Structure
Parent
Tysa Holding SA · 99.99%
Accounts 77 days overdue2 of 18 deeds read
Why 51raises riskLiquidity: current ratio 1.43, cash €6,527Figures for financial year 2024 (filed 14-10-2025)1 financial year not filed after the legal deadline; latest accounts 74 days late; 2 of the last 3 lateEquity €1.3m (21.9% of total assets)Show the evidence

Checked score

Score 2024
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 31% of its sector peers (NACE 23, small)
Financial strength · tick = 2023
Weak
Solvency 47-3
equity 21.9% of total assets
Liquidity 33-7
short-term debt 36.7% · cash 0.1%
Profitability 40-18
return on assets 1.2%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (234 companies, NACE 23, small)
Last 24 months 11-2024: 0.5% 12-2024: 0.5%● unchanged vs 11-2024 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.6%▲ +0.1 percentage points vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.5%▼ -0.1 percentage points vs 04-2025lowest value 06-2025: 0.6%▲ +0.1 percentage points vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 1.0%▲ +0.3 percentage points vs 07-2025 09-2025: 1.2%▲ +0.2 percentage points vs 08-2025 10-2025: 1.9%▲ +0.7 percentage points vs 09-2025 11-2025: 1.9%● unchanged vs 10-2025 12-2025: 1.9%● unchanged vs 11-2025 01-2026: 1.9%● unchanged vs 12-2025 02-2026: 1.9%● unchanged vs 01-2026 03-2026: 1.9%● unchanged vs 02-2026 04-2026: 1.1%▼ -0.8 percentage points vs 03-2026 05-2026: 1.1%● unchanged vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.1%● unchanged vs 06-2026 08-2026: 1.7%▲ +0.6 percentage points vs 07-2026 09-2026: 2.0%▲ +0.3 percentage points vs 08-2026 10-2026: 2.5%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €65,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity tight (current ratio 1.43, compared with 1.9 in 2023, below the usual 1.5; short-term debt: 36.7% and cash: 0.1% of total assets), and 78.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 23, small): better than 20% on solvency, 28% on liquidity, 17% on profitability and 59% on growth.

The bankruptcy probability was computed on 15-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
raises riskneutral
raises risk · Liquidity: current ratio 1.43, cash €6,527
NBB · annual accounts
raises risk · Figures for financial year 2024 (filed 14-10-2025)
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 74 days late; 2 of the last 3 late
NBB · filings
raises risk · Equity €1.3m (21.9% of total assets)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 323 sector peers (2024).
NBB · sector comparison
Position among 323 sector peers
Solvency
better than 21%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 77 days later.
NBB · 9 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline16-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-10-2025, 74 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filings
Deviation from the deadline
2025
not filed
2024
74 days late
2023
22 days late
2022
47 days early
2021
33 days early
2020
31 days late
2019
145 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 32 days after the deadline; the sector median (NACE 23) for financial year 2024 is 10 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: Elisabeth Calloc'h (day-to-day manager)Gazette deed
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Resignation: Thierry Piette (afgevaardigde voor het…Gazette deed

Key points

  • Caution: Result fell in 2024different schema filed ▼ 69.3% View
  • Positive: Oldest company in Merchtemin the Checked rankings No. 1 View
  • Caution: Accounts not fileddeadline was 31-07-2026 77 days late View
  • Controlled by Tysa Holding SAknown shareholders 100% 99.99% View
  • Active since 1929founded 01-01-1929 97 years View
  • A director leftlatest change 15-09-2026 · 0 in office 1 left View

By topic

Financials

Financial year
2024
Total assets
€5.9m
Profit
€69,516
Solvency
21.9%
Total assets▲ 19.6%
Net result
20182024
Go to Financials

Timeline

Events
55
Since
1978
  1. 03-10-2024Annual accounts filed
  2. 22-08-2024Annual accounts filed
  3. 31-12-2023Equity above €1m
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of other non-metallic mineral productsNACE 23910
Founded
01-01-1929
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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