TCHAK
ActiveSummary
The annual accounts of TCHAK for fiscal year 2025 show a net loss of 339% of the equity at the start of that year. The 2025 annual accounts show equity of €8k and a net result of €-21k. Equity is shrinking by ~18.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 20% of 956 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency34▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.27 against 1.53 in 2024; short-term debt: 65.2% and cash: 7.2% of total assets), and 90.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.2%
Return on assets
-23.6%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 956 sector peers (2025).
NBB · sector comparisonPosition among 956 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 7 filingsDeviation from the deadline
2025
25 d late
2024
64 d late
2023
45 d late
2022
61 d late
2021
66 d late
2020
33 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€8k▲ 32.0%
2024 · €6k
2019: €15k
2020: €36k
2021: €28k
2022: €38k
2023: €23k
2024: €6k
2019 → 2025
Total assets
€87k▲ 13.8%
2024 · €77k
2019: €27k
2020: €63k
2021: €56k
2022: €91k
2023: €96k
2024: €77k
2019 → 2025
Net result
€-21k▼ 17.5%
2024 · €-18k
2019: €-10k
2020: €278
2021: €-24k
2022: €-19k
2023: €-17k
2024: €-18k
2019 → 2025
Working capital
€15k▼ 38.3%
2024 · €25k
2019: €21k
2020: €43k
2021: €37k
2022: €52k
2023: €54k
2024: €25k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€38k▲ 34.7%€23k▼ 39.3%€6k▼ 73.4%€8k▲ 32.0%
Operating result€-24k-€-19k▲ 22.0%€-17k▲ 8.6%€-17k▼ 2.1%€-20k▼ 15.2%
Net result€-24k-€-19k▲ 22.2%€-17k▲ 7.5%€-18k▼ 2.0%€-21k▼ 17.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €17k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€15k ▲ 220%
Current assets
€72k ▲ 0.4%
Equity and liabilities €87k
Equity
€8k ▲ 32.0%
Debt
€79k ▲ 12.2%
Debt's share of the balance-sheet total falls from 92.1% to 90.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€-18k▼
2024 · €-17k
Cash flow
€-18k▼
2024 · €-17k
Current ratio
1.27▼
2024 · 1.53
Quick ratio
1.12▼
2024 · 1.29
Debt to equity
9.86▼
2024 · 11.60
ROE
-256.7%▲
2024 · -288.5%
ROA
-23.6%▼
2024 · -22.9%
Interest coverage
-17.97▲
2024 · -87.66
Debt ≤ 1 year
€57k▲
2024 · €47k
Staff costs
€126k▼
2024 · €130k
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 · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€77k€87k▲
Fixed assets21/28€5k€15k▲
Intangible fixed assets21€4k€15k▲
Financial fixed assets28€363€363=
Current assets29/58€72k€72k▲
Stocks and contracts in progress3€11k€9k▼
Stocks30/36€11k€9k▼
Amounts receivable within one year40/41€34k€44k▲
Trade receivables40€16k€13k▼
Other amounts receivable41€17k€31k▲
Cash at bank and in hand54/58€18k€6k▼
Deferred charges and accrued income490/1€8k€13k▲
Equity and liabilities
Total equity and liabilities10/49€77k€87k▲
Equity10/15€6k€8k▲
Contributions10/11€93k€116k▲
Profit (loss) carried forward14€-87k€-108k▼
Amounts payable17/49€71k€79k▲
Amounts payable within one year42/48€47k€57k▲
Trade debts44€29k€25k▼
Suppliers440/4€29k€25k▼
Taxes, remuneration and social security45€18k€17k▼
Taxes450/3€214-
Remuneration and social security454/9€18k€17k▼
Other amounts payable47/48-€15k
Accrued charges and deferred income492/3€24k€22k▼
Income statement
Code20242025
Remuneration, social security and pensions62€130k€126k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93€2k▲
Other operating charges640/8€932€445▼
Gross operating margin9900€114k€108k▼
Operating profit (loss)9901€-17k€-20k▼
Financial income75/76B€16€390▲
Recurring financial income75€16€390▲
Financial charges65/66B€197€995▲
Recurring financial charges65€197€995▲
Profit (loss) for the period before taxes9903€-18k€-21k▼
Profit (loss) for the period9904€-18k€-21k▼
Profit (loss) for the period to be appropriated9905€-18k€-21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-87k€-108k▼
Profit (loss) brought forward from the previous period14P€-70k€-87k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 64 days late
2024
14-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 45 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
31-12
Financial
Weakest financial yearnet €-24k ▼8699%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 33 days late
2020
31-12
Financial
Back to profitnet €278
Net result €278 after one loss-making year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Floreffe · 1 establishment unit since 2019
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.
Rue Célestin-Hastir 1075150 FloreffeGround area
711 m²
Building footprint
214 m²
Parcel 92045A0743/03C000, Wallonia. Linked by address, not a title deed.
1 establishment unit
COOPERATIVE D'EDITION POUR L'AGRICULTURE ET L'ALIMENTATION AUTREMENT
since 20192.289.344.906
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92045A0743/03C000 | Wallonia | 711 m² | 1 · 214 m² | - |
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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 to 2025 · 5 entries · 228,420 EUR in total| Year | Entries | paid |
|---|---|---|
| 2025 | 3 | 88,811 EUR |
| 2024 | 1 | 72,943 EUR |
| 2023 | 1 | 66,666 EUR |
Budget allocations
Aide directe à la presse d'opinion et à la presse périodique
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Of 2,855 companies in sector 18130 we hold annual accounts for 832. 397 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 formCooperative company
Founded02-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
94999Other membership organisations
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.