T.L.
Open bankruptcyA bankruptcy procedure is open for T.L. according to publications in the Belgian State Gazette; curator: GUILLAUME STOOP.
Summary
The 2024 annual accounts show equity of €34k and a net result of €-49k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 6717 sector peers (2024).
NBB · sector comparisonPosition among 6717 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 43 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
43 d late
2023
75 d late
2022
79 d late
2021
72 d late
2020
24 d late
2019
125 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€252k▼ 12.3%
2023 · €287k
2019: €379k
2020: €178k
2021: €312k
2022: €273k
2023: €287k
2019 → 2024
EBIT margin
-16.5%▼ 24.7pp
2023 · 8.3%
2019: 4.2%
2020: 6.4%
2021: -9.2%
2022: 4.8%
2023: 8.3%
2019 → 2024
Net result
€-49k
2023 · €19k
2018: €3k
2019: €4k
2020: €4k
2021: €-37k
2022: €8k
2023: €19k
2018 → 2024
Working capital
€210k▲ 78.7%
2023 · €118k
2018: €57k
2019: €36k
2020: €36k
2021: €61k
2022: €124k
2023: €118k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€178k-€312k▲ 75.3%€273k▼ 12.5%€287k▲ 5.1%€252k▼ 12.3%
Equity€93k-€56k▼ 39.9%€64k▲ 13.8%€82k▲ 29.4%€34k▼ 59.1%
Operating result€11k-€-29k€13k€24k▲ 81.5%€-41k
Net result€4k-€-37k€8k€19k▲ 142%€-49k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €41k after €24k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €556k
Fixed assets
€218k ▲ 100%
Current assets
€339k ▲ 87.2%
Equity and liabilities €556k
Equity
€34k ▼ 59.1%
Debt
€523k ▲ 152%
Debt's share of the balance-sheet total rises from 71.6% to 94.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€17k▼
2023 · €72k
Cash flow
€9k▼
2023 · €67k
Current ratio
2.64▼
2023 · 2.86
Quick ratio
2.60▼
2023 · 2.79
Debt to equity
15.54▲
2023 · 2.52
ROE
-144.7%▼
2023 · 22.7%
ROA
-8.8%▼
2023 · 6.5%
Interest coverage
2.29▼
2023 · 14.35
Debt ≤ 1 year
€128k▲
2023 · €63k
Debt > 1 year
€393k▲
2023 · €143k
Staff costs
€61k▲
2023 · €55k
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 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€289k€556k▲
Fixed assets21/28€109k€218k▲
Tangible fixed assets22/27€108k€217k▲
Furniture and vehicles24€67k€160k▲
Other tangible fixed assets26€40k€57k▲
Financial fixed assets28€658€658=
Current assets29/58€181k€339k▲
Stocks and contracts in progress3€5k€5k=
Stocks30/36€5k€5k=
Amounts receivable within one year40/41€104k€267k▲
Trade receivables40€73k€244k▲
Other amounts receivable41€31k€23k▼
Cash at bank and in hand54/58€58k€53k▼
Deferred charges and accrued income490/1€14k€14k▲
Equity and liabilities
Total equity and liabilities10/49€289k€556k▲
Equity10/15€82k€34k▼
Contributions10/11€20k€20k=
Reserves13€18k€18k=
Non-distributable reserves130/1€18k-
Other1319€18k-
Tax-exempt reserves132-€18k
Profit (loss) carried forward14€44k€-4k▼
Amounts payable17/49€207k€523k▲
Amounts payable after more than one year17€143k€393k▲
Financial debts170/4€34k€95k▲
Other amounts payable178/9€109k€298k▲
Amounts payable within one year42/48€63k€128k▲
Financial debts43€17k€38k▲
Other loans439€17k€38k▲
Trade debts44€22k€65k▲
Suppliers440/4€22k€65k▲
Taxes, remuneration and social security45€22k€22k▲
Taxes450/3€2k€580▼
Remuneration and social security454/9€21k€22k▲
Other amounts payable47/48€2k€3k▲
Accrued charges and deferred income492/3€935€935=
Income statement
Code20232024
Turnover70€287k€252k▼
Non-recurring operating income76A€913-
Goods, raw materials, services and sundry goods60/61€146k€156k▲
Remuneration, social security and pensions62€55k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€58k▲
Other operating charges640/8€15k€18k▲
Gross operating margin9900€142k€96k▼
Operating profit (loss)9901€24k€-41k▼
Financial income75/76B-€42
Recurring financial income75-€42
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€19k€-49k▼
Profit (loss) for the period9904€19k€-49k▼
Profit (loss) for the period to be appropriated9905€19k€-49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€44k€-4k▼
Profit (loss) brought forward from the previous period14P€26k€44k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-07
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL T.L. AVENUE LOUISE 209A/7, 1050 IXELLES · event 02-07-2026
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
31-12
Financial
Weakest financial yearnet €-49k ▼360%
Net result drops to €-49k, the lowest in the series.
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
31-12
Financial
Highest result since 2018net €19k ▲142%
Operating result €24k, net result €19k, both a record.
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 79 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 125 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
2 establishment units since 2016
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.
Ground area
1.4 ha
Building footprint
3,850 m²
Volume, LiDAR
32,198 m³
3 parcels, Brussels, Flanders · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
T.L.
since 20162.251.086.621
TL
since 20222.330.787.660
3 parcels
Flanders
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015B0162/00A004 | Flanders | 6,849 m² | 1 · 1,317 m² | 16.6 m · 4 fl. |
| 22004A0021/00X000 | Flanders | 6,468 m² | 1 · 2,116 m² | 16.4 m · 1 fl. |
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUILLAUME STOOP GALERIE DU ROI 27,
1000 BRUXELLES |
02-07-2026 → present |
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 5,656 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
Founded11-03-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49410Freight transport by road
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47812Retail trade
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95319Other maintenance and repair of motor vehicles
49310Scheduled passenger transport by road
53100Postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.