TIAMI

Active

Private limited companyfounded 200224 yrs activeDuindoornstraat 25, 8450 Bredene, BelgiumKBO/BCE: BE 0477.501.108

The computed 12-month bankruptcy probability of TIAMI is 2.8% (moderate). The 2024 annual accounts show negative equity (€-31k) and a net result of €-21k. Equity is shrinking by ~102.2% per year across the filed fiscal years. Its solvency ranks better than 23% of 18938 sector peers (fiscal year 2024). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

35 / 100

Weak▲ +3 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency45▼-1

Growth32=

Stability100

Bankruptcy probability, 12 months

2.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.01 against 1.06 in 2023), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

-12.2%

Return on assets

-8.2%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

222324

2022 to 2024 · latest year -€31k

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 20-11-2025, 112 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 filings

Deviation from the deadline

2025

not confirmed

2024

112 d late

2023

61 d late

2022

31 d late

2021

31 d late

2020

88 d late

2019

108 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-31k▼ 205%

2023 · €-10k

2022: €32k 2023: €-10k

2022 → 2024

Total assets

€251k▼ 8.9%

2023 · €276k

2022: €279k 2023: €276k

2022 → 2024

Net result

€-21k▲ 51.0%

2023 · €-42k

2022: €-11k 2023: €-42k

2022 → 2024

Working capital

€3k▼ 77.8%

2023 · €14k

2022: €58k 2023: €14k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€32k-€-10k€-31k▼ 205%

Operating result€-6k-€-37k▼ 552%€-12k▲ 67.8%

Net result€-11k-€-42k▼ 282%€-21k▲ 51.0%

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 €12k in 2024 against €37k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €251k

97.1%

Fixed assets €7k▼ 71.5%

Current assets €244k▼ 2.5%

Key figures and ratios

2024 value · change against 2023

EBITDA

€6k▲

2023 · €-16k

Cash flow

€-2k▲

2023 · €-20k

Solvency

-12.2%▼

2023 · -3.6%

Current ratio

1.01▼

2023 · 1.06

Quick ratio

0.97▼

2023 · 1.02

Debt / equity

-9.17▲

2023 · -28.40

ROE

67.2%▼

2023 · 418.8%

ROA

-8.2%▲

2023 · -15.3%

Interest coverage

0.51▲

2023 · -1.86

Debt

€282k▼

2023 · €286k

Debt ≤ 1 year

€241k▲

2023 · €236k

Debt > 1 year

€41k▼

2023 · €49k

Income taxes

€444=

2023 · €444

Staff costs

€183k▼

2023 · €207k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Total assets 20/58€276k€251k▼

Fixed assets 21/28€26k€7k▼

Tangible fixed assets 22/27€24k€6k▼

Financial fixed assets 28€2k€2k=

Current assets 29/58€250k€244k▼

Stocks & contracts in progress 3€10k€11k▲

Amounts receivable within one year 40/41€78k€117k▲

Cash & bank 54/58€86k€45k▼

Total equity & liabilities 10/49€276k€251k▼

Equity 10/15€-10k€-31k▼

Contributions / capital 10/11€19k€19k=

Reserves 13€25k€25k=

Accumulated profits (losses) 14€-53k€-74k▼

Amounts payable 17/49€286k€282k▼

Amounts payable after one year 17€49k€41k▼

Amounts payable within one year 42/48€236k€241k▲

Trade debts payable within one year 44€156k€171k▲

Income statement Code20232024

Gross operating margin 9900€201k€244k▲

Operating result 9901€-37k€-12k▲

Financial income 75€4k€4k▲

Financial charges 65€8k€12k▲

Result before taxes 9903€-42k€-20k▲

Income taxes 67/77€444€444=

Net result for the period 9904€-42k€-21k▲

Result to be appropriated 9905€-42k€-21k▲

Timeline · acts, filings and financial milestones

All 12Financial 1Gazette 1Filings 10

2025

20-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 112 days late

2024

30-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 61 days late

2023

31-12

Financial Weakest financial yearnet €-42k

Net result drops to €-42k, the lowest in the series; recovery starts the following year.

21-12

State Gazette act Director changes

Frederik Vanden Driessche

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

27-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 88 days late

2020

16-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 108 days late

2019

06-11

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 98 days late

2018

06-10

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 67 days late

2017

30-08

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 30 days late

2016

28-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 4 acts read

About the unread acts

Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

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