TCS
ActiveSummary
TCS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €272k and a net result of €51k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 68% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+8
Solvency100▲+7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days only on tighter terms
Liquidity ample (current ratio 4.64 against 3.25 in 2023; short-term debt: 15.9% and cash: 10.6% of total assets), and 23.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €272k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-01-2026, 166 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
166 d late
2023
92 d late
2022
93 d late
2021
41 d early
2020
107 d late
2019
152 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€272k▲ 22.8%
2023 · €222k
2018: €322k
2019: €336k▲ +4.4% vs 2018
2020: €347k▲ +3.3% vs 2019
2021: €351k▲ +1.2% vs 2020highest in 7 years
2022: €195k▼ -44.4% vs 2021lowest in 7 years
2023: €222k▲ +13.4% vs 2022
2024: €272k▲ +22.8% vs 2023
2018 → 2024
Total assets
€356k▲ 9.6%
2023 · €325k
2018: €406k
2019: €437k▲ +7.6% vs 2018highest in 7 years
2020: €426k▼ -2.5% vs 2019
2021: €415k▼ -2.4% vs 2020
2022: €290k▼ -30.3% vs 2021lowest in 7 years
2023: €325k▲ +12.1% vs 2022
2024: €356k▲ +9.6% vs 2023
2018 → 2024
Net result
€51k▲ 92.6%
2023 · €26k
2018: €3klowest in 7 years
2019: €14k▲ +337% vs 2018
2020: €11k▼ -20.8% vs 2019
2021: €4k▼ -63.2% vs 2020
2022: €27k▲ +565% vs 2021
2023: €26k▼ -4.1% vs 2022
2024: €51k▲ +92.6% vs 2023highest in 7 years
2018 → 2024
Working capital
€206k▲ 28.3%
2023 · €161k
2018: €298k
2019: €312k▲ +4.9% vs 2018
2020: €319k▲ +2.1% vs 2019highest in 7 years
2021: €306k▼ -4.1% vs 2020
2022: €147k▼ -52.1% vs 2021lowest in 7 years
2023: €161k▲ +9.6% vs 2022
2024: €206k▲ +28.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€347k-€351k▲ 1.2%€195k▼ 44.4%€222k▲ 13.4%€272k▲ 22.8%
2020: €347k
2021: €351k▲ +1.2% vs 2020highest in 5 years
2022: €195k▼ -44.4% vs 2021lowest in 5 years
2023: €222k▲ +13.4% vs 2022
2024: €272k▲ +22.8% vs 2023
Operating result€12k-€-892€36k€32k▼ 10.9%€39k▲ 22.3%
2020: €12k
2021: €-892▼ -107% vs 2020lowest in 5 years
2022: €36k▲ +4089% vs 2021
2023: €32k▼ -10.9% vs 2022
2024: €39k▲ +22.3% vs 2023highest in 5 years
Net result€11k-€4k▼ 63.2%€27k▲ 565%€26k▼ 4.1%€51k▲ 92.6%
2020: €11k
2021: €4k▼ -63.2% vs 2020lowest in 5 years
2022: €27k▲ +565% vs 2021
2023: €26k▼ -4.1% vs 2022
2024: €51k▲ +92.6% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 22% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €356k
Fixed assets
€93k ▲ 0.5%
Current assets
€263k ▲ 13.2%
Equity and liabilities €356k
Equity
€272k ▲ 22.8%
Provisions
€23k =
Debt
€61k ▼ 24.2%
Debt's share of the balance-sheet total falls from 24.6% to 17.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42k▲
2023 · €34k
Cash flow
€54k▲
2023 · €28k
Current ratio
4.64▲
2023 · 3.25
Debt to equity
0.22▼
2023 · 0.36
ROE
18.6%▲
2023 · 11.8%
ROA
14.2%▲
2023 · 8.1%
Interest coverage
32.03▼
2023 · 39.84
Debt ≤ 1 year
€57k▼
2023 · €71k
Debt > 1 year
€2k▼
2023 · €7k
Income taxes
€-9k▼
2023 · €10k
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 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€325k€356k▲
Fixed assets21/28€92k€93k▲
Tangible fixed assets22/27€88k€93k▲
Land and buildings22€86k€86k▼
Furniture and vehicles24€2k€7k▲
Financial fixed assets28€5k€0▼
Current assets29/58€232k€263k▲
Amounts receivable within one year40/41€149k€184k▲
Trade receivables40€14k€6k▼
Other amounts receivable41€135k€177k▲
Current investments50/53€41k€28k▼
Cash at bank and in hand54/58€31k€38k▲
Deferred charges and accrued income490/1€11k€13k▲
Equity and liabilities
Total equity and liabilities10/49€325k€356k▲
Equity10/15€222k€272k▲
Contributions10/11€12k€12k=
Reserves13€25k€45k▲
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Distributable reserves133€21k€41k▲
Profit (loss) carried forward14€185k€215k▲
Provisions and deferred taxes16€23k€23k=
Provisions for liabilities and charges160/5€23k€23k=
Pensions and similar obligations160€10k€10k=
Other liabilities and charges164/5€13k€13k=
Amounts payable17/49€80k€61k▼
Amounts payable after more than one year17€7k€2k▼
Financial debts170/4€7k€2k▼
Amounts payable within one year42/48€71k€57k▼
Current portion of amounts payable after more than one year42€9k€9k▼
Trade debts44€2k€6k▲
Suppliers440/4€2k€6k▲
Taxes, remuneration and social security45€60k€42k▼
Taxes450/3€57k€38k▼
Remuneration and social security454/9€3k€5k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20232024
Non-recurring operating income76A-€0
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-5k-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0
Other operating charges640/8€2k€2k▼
Gross operating margin9900€31k€44k▲
Operating profit (loss)9901€32k€39k▲
Financial income75/76B€6k€9k▲
Recurring financial income75€6k€9k▲
Financial charges65/66B€849€6k▲
Recurring financial charges65€849€1k▲
Non-recurring financial charges66B-€5k
Profit (loss) for the period before taxes9903€37k€42k▲
Income taxes67/77€10k€-9k▼
Profit (loss) for the period9904€26k€51k▲
Profit (loss) for the period to be appropriated9905€26k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€206k€235k▲
Profit (loss) brought forward from the previous period14P€179k€185k▲
Transfer to equity691/2€21k€20k▼
To other reserves6921€21k€20k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €2k | €2k | €4k | ▲ 74.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €-5k | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €0 | - |
| Other operating charges640/8 | - | €556 | €3k | €2k | €2k | ▼ 18.0% |
| Gross operating margin9900 | €13k | €-337 | €41k | €31k | €44k | ▲ 43.9% |
| Operating profit (loss)9901 | €12k | €-892 | €36k | €32k | €39k | ▲ 22.3% |
| Financial income75/76B | - | €7k | €0 | €6k | €9k | ▲ 47.5% |
| Recurring financial income75 | €8k | €7k | €0 | €6k | €9k | ▲ 47.5% |
| Financial charges65/66B | - | €724 | €761 | €849 | €6k | ▲ 586% |
| Recurring financial charges65 | €915 | €724 | €761 | €849 | €1k | ▲ 56.2% |
| Non-recurring financial charges66B | - | - | - | - | €5k | - |
| Profit (loss) for the period before taxes9903 | €19k | €6k | €35k | €37k | €42k | ▲ 13.3% |
| Income taxes67/77 | €7k | €2k | €7k | €10k | €-9k | ▼ 186% |
| Profit (loss) for the period9904 | €11k | €4k | €27k | €26k | €51k | ▲ 92.6% |
| Profit (loss) for the period to be appropriated9905 | €11k | €4k | €27k | €26k | €51k | ▲ 92.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €426k | €415k | €290k | €325k | €356k | ▲ 9.6% |
| Fixed assets21/28 | €85k | €90k | €95k | €92k | €93k | ▲ 0.5% |
| Tangible fixed assets22/27 | €85k | €85k | €90k | €88k | €93k | ▲ 5.6% |
| Land and buildings22 | - | €85k | €86k | €86k | €86k | ▼ 0.2% |
| Furniture and vehicles24 | - | - | €4k | €2k | €7k | ▲ 262% |
| Financial fixed assets28 | - | €5k | €5k | €5k | €0 | ▼ 100% |
| Current assets29/58 | €341k | €326k | €195k | €232k | €263k | ▲ 13.2% |
| Amounts receivable after more than one year29 | - | €249k | - | - | - | - |
| Other amounts receivable291 | - | €249k | - | - | - | - |
| Amounts receivable within one year40/41 | €69k | €72k | €143k | €149k | €184k | ▲ 23.1% |
| Trade receivables40 | - | €22k | €29k | €14k | €6k | ▼ 58.0% |
| Other amounts receivable41 | - | €51k | €114k | €135k | €177k | ▲ 31.7% |
| Current investments50/53 | €7k | €5k | €27k | €41k | €28k | ▼ 30.6% |
| Cash at bank and in hand54/58 | €1k | €372 | €21k | €31k | €38k | ▲ 21.7% |
| Deferred charges and accrued income490/1 | - | - | €5k | €11k | €13k | ▲ 17.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €426k | €415k | €290k | €325k | €356k | ▲ 9.6% |
| Equity10/15 | €347k | €351k | €195k | €222k | €272k | ▲ 22.8% |
| Contributions10/11 | - | €6k | €12k | €12k | €12k | = |
| Reserves13 | €2k | €2k | €4k | €25k | €45k | ▲ 80.9% |
| Non-distributable reserves130/1 | - | €2k | €4k | €4k | €4k | = |
| Reserves not available under the articles1311 | - | €2k | €4k | €4k | €4k | = |
| Distributable reserves133 | - | - | - | €21k | €41k | ▲ 95.2% |
| Profit (loss) carried forward14 | €339k | €343k | €179k | €185k | €215k | ▲ 16.5% |
| Provisions and deferred taxes16 | €19k | €19k | €28k | €23k | €23k | = |
| Provisions for liabilities and charges160/5 | - | €19k | €28k | €23k | €23k | = |
| Pensions and similar obligations160 | - | €10k | €10k | €10k | €10k | = |
| Other liabilities and charges164/5 | - | €9k | €18k | €13k | €13k | = |
| Amounts payable17/49 | €60k | €45k | €66k | €80k | €61k | ▼ 24.2% |
| Amounts payable after more than one year17 | €34k | €25k | €16k | €7k | €2k | ▼ 65.5% |
| Financial debts170/4 | - | €25k | €16k | €7k | €2k | ▼ 65.5% |
| Amounts payable within one year42/48 | €22k | €20k | €48k | €71k | €57k | ▼ 20.8% |
| Current portion of amounts payable after more than one year42 | - | €9k | €9k | €9k | €9k | ▼ 4.4% |
| Trade debts44 | €1k | €950 | - | €2k | €6k | ▲ 131% |
| Suppliers440/4 | - | €950 | - | €2k | €6k | ▲ 131% |
| Taxes, remuneration and social security45 | - | €7k | €40k | €60k | €42k | ▼ 29.3% |
| Taxes450/3 | - | €7k | €40k | €57k | €38k | ▼ 33.9% |
| Remuneration and social security454/9 | - | - | - | €3k | €5k | ▲ 61.4% |
| Other amounts payable47/48 | - | €4k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €2k | €2k | €2k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €4k | €27k | €26k | €51k | ▲ 92.6% |
| + Depreciation and write-downs630 | - | - | €2k | €2k | €4k | ▲ 74.2% |
| Operating cash flow (approximation) | €11k | €4k | €30k | €28k | €54k | ▲ 91.2% |
| Investment in fixed assets (approximation) | - | €-5k | €-7k | €0 | €-4k | ▼ 5,149,013% |
| Change in cash | - | €-657 | €20k | €10k | €7k | ▼ 34.6% |
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
2026
13-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 166 days late
2024
31-12
Financial
Highest result since 2018net €51k ▲92.6%
Operating result €39k, net result €51k, both a record.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Equity above €200kEq €222k ▲13.4%
6 profitable years in a row build equity to €222k.
01-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 93 days late
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 152 days late
2019
21-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 82 days late
2018
16-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 108 days late
2017
17-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 78 days late
2016
16-11
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 108 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Kapellen · 1 establishment unit since 2008
Ground area
1,963 m²
Building footprint
159 m²
Volume, LiDAR
772 m³
Parcel 11362M0033/00R000, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TCS
since 20082.174.716.145
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0033/00R000 | Flanders | 1,963 m² | 1 · 159 m² | 9.3 m · 1 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.
Similar companies · same sector, comparable size
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SAFOX
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MIRROR MIRROR
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,002 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-09-2008
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.