TS Annio's
ActiveSummary
TS Annio's has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €20k. Its solvency ranks better than 29% of 203 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability61▲+18
Solvency42▲+5
Growth78
Track record82
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days only on tighter terms
Liquidity ample (current ratio 1.68 against 1.37 in 2024; short-term debt: 30.1% and cash: 1.6% of total assets), but 82.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established 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
17.2%
Return on assets
2.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-02-2026, 156 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
156 d early
2024
27 d early
← 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
€117k▲ 20.4%
2024 · €98k
2024: €98k
2024 → 2025
Total assets
€685k▼ 13.8%
2024 · €794k
2024: €794k
2024 → 2025
Net result
€20k
2024 · €-2k
2024: €-2k
2024 → 2025
Working capital
€140k▲ 27.0%
2024 · €110k
2024: €110k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€98k-€117k▲ 20.4%
Operating result€11k-€49k▲ 349%
Net result€-2k-€20k
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 rises in 2025; 2025 is 349% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €685k
Fixed assets
€338k ▼ 12.9%
Current assets
€347k ▼ 14.7%
Equity and liabilities €685k
Equity
€117k ▲ 20.4%
Debt
€567k ▼ 18.6%
Debt's share of the balance-sheet total falls from 87.7% to 82.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€100k▲
2024 · €39k
Cash flow
€72k▲
2024 · €26k
Current ratio
1.68▲
2024 · 1.37
Quick ratio
0.85▲
2024 · 0.82
Debt to equity
4.83▼
2024 · 7.14
ROE
17.0%▲
2024 · -2.6%
ROA
2.9%▲
2024 · -0.3%
Interest coverage
4.60▲
2024 · 2.99
Debt ≤ 1 year
€206k▼
2024 · €296k
Debt > 1 year
€356k▼
2024 · €396k
Income taxes
€9k▲
2024 · €220
Staff costs
€248k▲
2024 · €159k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€794k€685k▼
Fixed assets21/28€388k€338k▼
Intangible fixed assets21€329k€294k▼
Tangible fixed assets22/27€55k€39k▼
Plant, machinery and equipment23€55k€39k▼
Financial fixed assets28€5k€5k=
Current assets29/58€406k€347k▼
Stocks and contracts in progress3€163k€171k▲
Stocks30/36€154k€155k▲
Contracts in progress37€9k€16k▲
Amounts receivable within one year40/41€241k€155k▼
Trade receivables40€241k€155k▼
Cash at bank and in hand54/58-€11k
Deferred charges and accrued income490/1€2k€10k▲
Equity and liabilities
Total equity and liabilities10/49€794k€685k▼
Equity10/15€98k€117k▲
Contributions10/11€100k€100k=
Reserves13-€17k
Distributable reserves133-€17k
Profit (loss) carried forward14€-2k€0▲
Amounts payable17/49€697k€567k▼
Amounts payable after more than one year17€396k€356k▼
Financial debts170/4€396k€356k▼
Amounts payable within one year42/48€296k€206k▼
Current portion of amounts payable after more than one year42€39k€40k▲
Financial debts43€25k€0▼
Credit institutions430/8€25k€0▼
Trade debts44€100k€97k▼
Suppliers440/4€100k€97k▼
Taxes, remuneration and social security45€62k€69k▲
Taxes450/3€53k€51k▼
Remuneration and social security454/9€10k€19k▲
Other amounts payable47/48€70k€0▼
Accrued charges and deferred income492/3€5k€5k=
Income statement
Code20242025
Remuneration, social security and pensions62€159k€248k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€52k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€200k€350k▲
Operating profit (loss)9901€11k€49k▲
Financial income75/76B-€2k
Recurring financial income75-€2k
Financial charges65/66B€13k€22k▲
Recurring financial charges65€13k€22k▲
Profit (loss) for the period before taxes9903€-2k€29k▲
Income taxes67/77€220€9k▲
Profit (loss) for the period9904€-2k€20k▲
Profit (loss) for the period to be appropriated9905€-2k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€17k▲
Profit (loss) brought forward from the previous period14P-€-2k
Transfer to equity691/2-€17k
To other reserves6921-€17k
Social balance
Average headcount (FTE)90873.0-
The notes to these accounts (14 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
31-08
State Gazette act
Resignation: ANST BV (sole director)Appointments: DSAR Holding BV, SPADA Management BV and KIDIWII BV · Permanent representatives: Eddy Verbrugge, Dave Spapen and Mohamed Jebali · Director discharge11 facts ▸
State Gazette act
Resignation: ANST BV (sole director)
Appointments: DSAR Holding BV, SPADA Management BV and KIDIWII BV · Permanent representatives: Eddy Verbrugge, Dave Spapen and Mohamed Jebali · Director discharge11 facts ▸
- General meeting, 14-08-2026
- Director resignation, ANST BV (sole director)
- Director discharge, ANST BV
- Director appointment, DSAR Holding BV (director)
- Permanent representative, Eddy Verbrugge
- Director appointment, SPADA Management BV (director)
- Permanent representative, Dave Spapen
- Director appointment, KIDIWII BV (director)
- Permanent representative, Mohamed Jebali
- Mandate compensation, DSAR Holding BV
- Power of attorney, Monard Law BV
25-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Equity above €100kEq €117k ▲20.4%
Equity rises from €98k to €117k.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26109461). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
DSAR Holding
CurrentDirector · since 14-08-2026 · Private limited company · perm. rep.: Eddy Verbrugge
KIDIWII
CurrentDirector · since 14-08-2026 · Private limited company · perm. rep.: Mohamed Jebali
SPADA Management
CurrentDirector · since 14-08-2026 · Private limited company · perm. rep.: Dave Spapen
14-08-2026
DSAR Holding: Appointed as Director
14-08-2026
KIDIWII: Appointed as Director
14-08-2026
SPADA Management: Appointed as Director
14-08-2026
ANST: Resigned as Sole director
Location & real-estate footprint
Registered office, Herentals · 1 establishment unit since 2024
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.
Laarstraat(NDW) 82200 HerentalsGround area
3,319 m²
Building footprint
804 m²
Volume, LiDAR
4,219 m³
Parcel 13027D0107/00L003, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Laarstraat(NDW) 8, 2200 Herentals
since 20242.359.273.887
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13027D0107/00L003 | Flanders | 3,319 m² | 1 · 804 m² | 9.2 m · 2 fl. |
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.
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared corporate director
→
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Of 755 companies in sector 13300 we hold annual accounts for 160. 116 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 formPrivate limited company
Founded10-04-2024
Fiscal year end31-12
Activities, NACEBEL 2025
13300Finishing of textiles
46421Wholesale trade
18120Other printing
18130Pre-press and pre-media services
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46423Wholesale of clothing, excluding workwear and underwear
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:stefan@annios.be