TS Consult · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of TS Consult is 0.3% (very low). The 2025 annual accounts show equity of €190k and a net result of €57k. Equity is growing by ~85% per year across the filed fiscal years. Its solvency ranks better than 62% of 4723 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	18-12-2025	44 d early	2025-00586319
30-06-2024	31-01-2025	19-12-2024	43 d early	2024-00620726
30-06-2023	31-01-2024	19-12-2023	43 d early	2023-00531747
30-06-2022	31-01-2023	20-12-2022	42 d early	2022-20541839
30-06-2021	31-01-2022	31-01-2022	on the day	2022-03800438

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.3% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€57k+4.9%

Working capital€122k+52.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 18-12-2025 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~85%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	69.3%	55.5%	better than 62% of 4723 sector peers
Net result	€57k	€38k	better than 65% of 4722 sector peers
Equity	€190k	€64k	better than 80% of 4723 sector peers
Gross operating margin	€99k	€61k	better than 71% of 4715 sector peers
Total assets	€274k	€146k	better than 74% of 4723 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P62

Stable position over 2021-2025 · n=3465-12464

Net result P65

Improving position over 2021-2025 · n=3464-12466

Equity P80

Improving position over 2021-2025 · n=3470-12472

Gross operating margin P71

Improving position over 2021-2025 · n=3455-12452

Describes the position versus peers, not a forecast.

EBITDA

€97k

+32.2% 21-25

Net profit

€57k

+4.9% 21-25

Cash flow

€80k

+29.5% 21-25

Total assets

€274k

+30.1% 21-25

Equity

€190k

+43.0% 21-25

Working capital

€122k

+52.3% 21-25

Income taxes

€16k

+12.1% 21-25

Dividends

€0

-100.0% 21-25

Debt

€84k

+8.0% 21-25

Debt ≤ 1y

€35k

-55.6% 21-25

Debt > 1y

€50k

- 21-25

Current ratio

4.52

+123.3% 21-25

Quick ratio

4.52

+217.3% 21-25

Solvency

69.3%

+10.0% 21-25

Debt / equity

0.44

-24.5% 21-25

ROE

30.1%

-26.7% 21-25

ROA

20.8%

-19.4% 21-25

Interest coverage

24.20

-89.9% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€97k
Net profit	€57k
Cash flow	€80k
Staff costs	-
Income taxes	€16k
Dividends	€0
Total assets	€274k
Equity	€190k
Debt	€84k
of which ≤ 1y	€35k
of which > 1y	€50k
Working capital	€122k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	4.52
Quick ratio	4.52
Working capital ratio	44.5%
Solvency	69.3%
Debt / equity	0.44
Long-term debt ratio	0.26
Interest coverage	24.20
Gross margin	-
Net margin	-
ROA	20.8%
ROE	30.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €117k · 42.9% Current assets €156k · 57.1%

Equity & liabilities

Equity €190k · 69.3% Debt €84k · 30.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€274k
Fixed assets	21/28	€117k
Tangible fixed assets	22/27	€117k
Current assets	29/58	€156k
Stocks & contracts in progress	3	€0
Amounts receivable within one year	40/41	€77k
Cash & bank	54/58	€77k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€274k
Equity	10/15	€190k
Contributions / capital	10/11	€3k
Reserves	13	€187k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€84k
Amounts payable after one year	17	€50k
Amounts payable within one year	42/48	€35k
Trade debts payable within one year	44	€3k
Income statement
Gross operating margin	9900	€99k
Operating result	9901	€74k
Financial income	75	€2k
Financial charges	65	€4k
Result before taxes	9903	€73k
Income taxes	67/77	€16k
Net result for the period	9904	€57k
Result to be appropriated	9905	€57k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Connections & network

2 connected companies

Group structure

BATO

We sit on their board · 2 locations

→

SUREN I

We sit on their board · 1 location

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control

2 parties

TS ConsultBE 0759.670.841

controls

Where this company holds controlthis company sits on their board2

BATO

2 locations

SUREN I

1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

TS Consult

Geraardsbergsestraat 125, 1703 DilbeekHandelsbemiddeling in de groothandel in andere specifieke goederen

since 20202.312.175.340

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area3,661 m²

Buildings2

Building footprint346 m²

Volume (LiDAR)2,346 m³

Tallest building10.9 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23070D0351/00N002	Flanders	2,957 m²	1 · 215 m²	10.9 m · 2 fl.
23070A0286/00L002	Flanders	704 m²	1 · 131 m²	10.8 m · 2 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

94 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 78

Stability 94

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