Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2020 and 2021.
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Tight liquidity NBB
Cash and receivables cover 19 % of short-term debt in 2021; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2021.
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Busy address KBO
98 other companies have their registered office at the same address; threshold 10.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2021
TITAN AUTOMOTIVE SOLUTIONS from Elsene, company number BE0546733570, closed financial year 2021 with a result of € -37.7 million after tax. For that financial year TITAN AUTOMOTIVE SOLUTIONS recorded revenue of € 25.7 million and equity of € -45.6 million. Compared with financial year 2020, the result moved from € -17.2 million to € -37.7 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 27, 2022.
€ -45.6 million
▼ € 37.7 million vs 2020
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -37.7 million
▼ 119 % more loss than in 2020
Profit after tax over the fiscal year.
€ 124,339
▼ 91% vs 2020
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -94.5 million.
People and assets in 2021
8
▼ 3.3 vs 2020
Average over the fiscal year, from the social balance sheet.
€ 836,661
▼ 31% vs 2020
€ 104,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 7,646
▼ 51% vs 2020
Book value of vehicles, furniture and equipment.
Debts at end 2021
€ 18 million
▼ 33% vs 2020
Loans from banks and other lenders, long and short.
€ 20.9 million
▲ 29% vs 2020
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 210 days on average.
€ 75,311
▼ 55% vs 2020
Taxes, VAT and social contributions still to pay.
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| 2020 | 2021 | Change 2020 → 2021 | |
|---|---|---|---|
| Revenue | € 38,075,309 | € 25,715,265 | ▼ 32% |
| Profit after taxes | € -17,198,990 | € -37,705,001 | ▼ € 20.5 million |
| Equity | € -7,898,384 | € -45,603,385 | ▼ € 37.7 million |
| Total debts | € 53,571,144 | € 71,760,438 | ▲ 34% |
| Cash | € 1,326,734 | € 124,339 | ▼ 91% |
| Retained profit | € -56,798,384 | € -94,503,385 | ▼ € 37.7 million |
| Bank debt | € 26,668,584 | € 17,990,280 | ▼ 33% |
| Balance sheet total | € 45,672,760 | € 26,157,053 | ▼ 43% |
| Employees (FTE) | 11.3 | 8 | ▼ 3.3 |
Key figures of TITAN AUTOMOTIVE SOLUTIONS, fiscal years 2020 to 2021, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2022 has not been filed yet; it was expected before 31 July 2023.
What happened to TITAN AUTOMOTIVE SOLUTIONS?
What happened at TITAN AUTOMOTIVE SOLUTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
TITAN AUTOMOTIVE SOLUTIONS is active according to the CBE. Legal situation: Opening faillissement.
- BO HU stepped down as director. NBB
- Corrected annual accounts filed for financial year 2021. Source: NBB ↗
- Tian Mengyu stepped down as director. NBB
- Tian Mengyu became a director. NBB
- KARL MA CHI KONG stepped down as director. NBB
- BO HU became a director. NBB
- LIN JIAN stepped down as director. NBB
- LIN JIAN became a director. NBB
In short
From € 17.2 million loss in 2020 to € 37.7 million loss in 2021.
Paid € 7,230 in corporate taxes since 2020.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by TITAN HK "TITAN INTELLIGENCE" BO (100%). It owns 100% of TITAN AUTOMOTIVE SOLUTIONS EURL, 100% of TITAN AUTOMOTIVE SOLUTIONS LTD and 100% of TITAN AUTOMOTIVE SOLUTIONS GMBH itself.
Directors
According to the 2021 annual accounts
Tian Mengyu
Director
since 2021 · until 2022
BO HU
Director
since 2021 · until 2026
LIN JIAN
Director
since 2020 · until 2021
KARL MA CHI KONG
Director
since 2019 · until 2021
Shareholders
TITAN HK "TITAN INTELLIGENCE" BO
100%
Participations
TITAN AUTOMOTIVE SOLUTIONS EURL
100%
TITAN AUTOMOTIVE SOLUTIONS LTD
100%
TITAN AUTOMOTIVE SOLUTIONS GMBH
100%
Establishments
Establishment units
Physical locations of this company
Arnaud Fraiteurlaan 15-23
1050 Elsene
Interleuvenlaan 80
3001 Leuven
Active since 17 February 2014
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 98 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0546.733.570
- VAT number
- BE 0546.733.570
- Registered office
- Arnaud Fraiteurlaan 15-23, 1050 Elsene
- Names & denominations
- TITAN AUTOMOTIVE SOLUTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 17 February 2014
- Peppol
- Active · Active since 14 Sept 2026
- Activities · NACE
Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen