T & L Projects
ActiveThe annual accounts of T & L Projects for fiscal year 2024 show a net loss of 94% of total assets and of 99% of the equity at the start of that year. The 2024 annual accounts show equity of €3k and a net result of €-294k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 19% of 908 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
42
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency26▼-41
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.18 against 3.74 in 2023; short-term debt: 50.6% and cash: 19.9% of total assets), and 98.9% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
1.1%
Return on assets
-94.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-294k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 908 sector peers (2024).
NBB · sector comparisonPosition among 908 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
40 d late
2022
16 d late
2021
24 d late
2020
15 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€3k▼ 98.9%
2023 · €297k
2018: €165k
2019: €182k
2020: €305k
2021: €604k
2022: €622k
2023: €297k
2018 → 2024
Total assets
€311k▼ 56.1%
2023 · €710k
2018: €518k
2019: €458k
2020: €404k
2021: €723k
2022: €726k
2023: €710k
2018 → 2024
Net result
€-294k▲ 9.4%
2023 · €-324k
2018: €35k
2019: €17k
2020: €123k
2021: €299k
2022: €18k
2023: €-324k
2018 → 2024
Working capital
€29k▼ 92.4%
2023 · €380k
2018: €87k
2019: €129k
2020: €226k
2021: €444k
2022: €500k
2023: €380k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€305k-€604k▲ 98.3%€622k▲ 2.9%€297k▼ 52.2%€3k▼ 98.9%
Operating result€176k-€397k▲ 125%€25k▼ 93.8%€-323k€-293k▲ 9.3%
Net result€123k-€299k▲ 144%€18k▼ 94.1%€-324k€-294k▲ 9.4%
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 stays negative: a loss of €293k in 2024 against €323k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €311k
Fixed assets
€125k▼ 34.6%
Current assets
€186k▼ 64.1%
Equity and liabilities €311k
Equity
€3k▼ 98.9%
Debt
€308k▼ 25.3%
The debt ratio rises from 58.1% to 98.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-189k▲
2023 · €-284k
Cash flow
€-190k▲
2023 · €-285k
Solvency
1.1%▼
2023 · 41.9%
Current ratio
1.18▼
2023 · 3.74
Quick ratio
1.18▼
2023 · 3.74
Debt / equity
90.63▲
2023 · 1.39
ROA
-94.5%▼
2023 · -45.7%
Interest coverage
-218.19▼
2023 · -206.83
Debt
€308k▼
2023 · €412k
Debt ≤ 1 year
€157k▲
2023 · €138k
Debt > 1 year
€150k▼
2023 · €200k
Staff costs
€70k▼
2023 · €154k
A ratio outside any meaningful range has been withheld (balance sheet total €311k, equity €3k).
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
Assets
Total assets20/58€710k€311k▼
Fixed assets21/28€191k€125k▼
Tangible fixed assets22/27€191k€125k▼
Furniture and vehicles24€191k€125k▼
Current assets29/58€518k€186k▼
Amounts receivable within one year40/41€255k€114k▼
Trade receivables40€233k€92k▼
Other amounts receivable41€22k€22k▼
Cash at bank and in hand54/58€258k€62k▼
Deferred charges and accrued income490/1€5k€11k▲
Equity and liabilities
Total equity and liabilities10/49€710k€311k▼
Equity10/15€297k€3k▼
Contributions10/11€100k€100k=
Reserves13€197k€197k▼
Distributable reserves133€197k€197k▼
Profit (loss) carried forward14-€-293k
Amounts payable17/49€412k€308k▼
Amounts payable after more than one year17€200k€150k▼
Financial debts170/4€200k€150k▼
Amounts payable within one year42/48€138k€157k▲
Trade debts44€97k€86k▼
Suppliers440/4€97k€86k▼
Advances received on contracts in progress46-€13k
Taxes, remuneration and social security45€24k€12k▼
Taxes450/3€3k-
Remuneration and social security454/9€20k€12k▼
Other amounts payable47/48€18k€47k▲
Accrued charges and deferred income492/3€74k€490▼
Income statement
Code20232024
Non-recurring operating income76A€754€2k▲
Remuneration, social security and pensions62€154k€70k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€104k▲
Other operating charges640/8€374€1k▲
Non-recurring operating charges66A€110k-
Gross operating margin9900€-20k€-118k▼
Operating profit (loss)9901€-323k€-293k▲
Financial income75/76B€355€208▼
Recurring financial income75€355€208▼
Financial charges65/66B€1k€866▼
Recurring financial charges65€1k€866▼
Profit (loss) for the period before taxes9903€-324k€-294k▲
Profit (loss) for the period9904€-324k€-294k▲
Profit (loss) for the period to be appropriated9905€-324k€-294k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-324k€-294k▲
Transfer from equity791/2€324k€636▼
Social balance
Average headcount (FTE)90872.20.9▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 40 days late
2023
31-12
Financial
Weakest financial yearnet €-324k ▼1921%
Net result drops to €-324k, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €299k ▲144%
Operating result €397k, net result €299k, both a record.
31-12
Financial
Equity above €500kEq €604k ▲98.3%
4 profitable years in a row build equity to €604k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 3.39
Current ratio from 1.50 to 3.39; short-term debt falls from €259k to €94k.
31-12
Financial
Equity above €200kEq €305k ▲67.3%
3 profitable years in a row build equity to €305k.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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
Registered office, Geel · 1 establishment unit since 2011
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.
Winkelom 832440 GeelGround area
2,951 m²
Parcel 13373K0125/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
T & L Projects
since 20112.203.338.370
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13373K0125/00C000 | Flanders | 2,951 m² | - | - |
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.
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Of 1,408 companies in sector 93129 we hold annual accounts for 172. 71 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-09-2011
Fiscal year end31-12
Activities, NACEBEL
93129Activities of other sports clubs
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.