Summary
T. PALM MANAGEMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5.96M and a net result of €40k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 2394 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
6 d early
2023
56 d early
2022
45 d early
2021
27 d early
2020
12 d early
2019
66 d late
← 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, full schema
Equity
€5.96M▲ 16.6%
2024 · €5.11M
2018: €-3.26M
2019: €5.77M
2020: €5.05M
2021: €4.83M
2022: €4.95M
2023: €5.15M
2024: €5.11M
2018 → 2025
Net result
€40k
2024 · €-45k
2018: €-3.79M
2019: €28k
2020: €-724k
2021: €-217k
2022: €119k
2023: €201k
2024: €-45k
2018 → 2025
Total assets
€12.96M▲ 7.9%
2024 · €12.01M
2018: €7.99M
2019: €13.81M
2020: €13.18M
2021: €12.06M
2022: €12.16M
2023: €12.16M
2024: €12.01M
2018 → 2025
Solvency
46.0%▲ 3.5pp
2024 · 42.5%
2018: -40.7%
2019: 41.8%
2020: 38.3%
2021: 40.1%
2022: 40.7%
2023: 42.4%
2024: 42.5%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€897k-€870k▼ 2.9%€886k▲ 1.7%€874k▼ 1.3%€872k▼ 0.2%
Equity€4.83M-€4.95M▲ 2.5%€5.15M▲ 4.1%€5.11M▼ 0.9%€5.96M▲ 16.6%
Operating result€226k-€297k▲ 31.6%€362k▲ 21.8%€361k▼ 0.3%€325k▼ 9.9%
Net result€-217k-€119k€201k▲ 69.5%€-45k€40k
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.96M
Fixed assets
€12.61M ▲ 6.9%
Current assets
€344k ▲ 63.5%
Equity and liabilities €12.96M
Equity
€5.96M ▲ 16.6%
Provisions
€84k =
Debt
€6.92M ▲ 1.4%
Debt's share of the balance-sheet total falls from 56.8% to 53.4%. Equity and debt are higher.
Key figures and ratios
ROE
0.7%▲
2024 · -0.9%
ROA
0.3%▲
2024 · -0.4%
Debt ≤ 1 year
€6.92M▲
2024 · €6.82M
Income taxes
€200▲
2024 · €185
Staff costs
€117k▲
2024 · €114k
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 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€12.01M€12.96M▲
Fixed assets21/28€11.80M€12.61M▲
Financial fixed assets28€11.80M€12.61M▲
Affiliated companies280/1€11.80M€12.61M▲
Participating interests280€11.80M€12.61M▲
Other financial fixed assets284/8€363€363=
Amounts receivable and cash guarantees285/8€363€363=
Current assets29/58€211k€344k▲
Amounts receivable within one year40/41€182k€272k▲
Trade receivables40€182k€272k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€29k€72k▲
Equity and liabilities
Total equity and liabilities10/49€12.01M€12.96M▲
Equity10/15€5.11M€5.96M▲
Contributions10/11€9.71M€10.52M▲
Capital10€9.71M€10.52M▲
Issued capital100€9.71M€10.52M▲
Outside capital11€2k€2k=
Share premium1100/10€2k€2k=
Reserves13€338k€338k=
Non-distributable reserves130/1€338k€338k=
Legal reserve130€338k€338k=
Profit (loss) carried forward14€-4.95M€-4.91M▲
Provisions and deferred taxes16€84k€84k=
Provisions for liabilities and charges160/5€84k€84k=
Other liabilities and charges164/5€84k€84k=
Amounts payable17/49€6.82M€6.92M▲
Amounts payable within one year42/48€6.82M€6.92M▲
Trade debts44€131k€261k▲
Suppliers440/4€131k€261k▲
Taxes, remuneration and social security45€29k€25k▼
Taxes450/3€13k€18k▲
Remuneration and social security454/9€16k€6k▼
Other amounts payable47/48€6.66M€6.63M▼
Income statement
Code20242025
Operating income70/76A€877k€872k▼
Turnover70€874k€872k▼
Other operating income74€3k€265▼
Operating charges60/66A€516k€547k▲
Services and other goods61€379k€429k▲
Remuneration, social security and pensions62€114k€117k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€22k-
Other operating charges640/8€2k€1k▼
Operating profit (loss)9901€361k€325k▼
Financial income75/76B€15k-
Recurring financial income75€2k-
Income from current assets751€2k-
Other financial income752/9€0-
Non-recurring financial income76B€14k-
Financial charges65/66B€421k€285k▼
Recurring financial charges65€343k€285k▼
Debt charges650€343k€283k▼
Other financial charges652/9€26€2k▲
Non-recurring financial charges66B€79k-
Profit (loss) for the period before taxes9903€-45k€40k▲
Income taxes67/77€185€200▲
Taxes670/3€185€200▲
Profit (loss) for the period9904€-45k€40k▲
Profit (loss) for the period to be appropriated9905€-45k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4.95M€-4.91M▲
Profit (loss) brought forward from the previous period14P€-4.90M€-4.95M▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (28 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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €201k ▲69.5%
Operating result €362k, net result €201k, both a record.
31-12
Financial
Equity above €5MEq €5.15M ▲4.1%
2 profitable years in a row build equity to €5.15M.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €119k
Net result €119k after 2 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
Show earlier events
31-12
Financial
Equity above €5MEq €5.77M
Equity rises from €-3.26M to €5.77M.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
28 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, Theux · 1 establishment unit since 1998
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.
Rue Armand Enkart 384910 TheuxGround area
2,580 m²
Building footprint
769 m²
Volume, LiDAR
838 m³
2 parcels, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Armand Enkart 40, 4910 Theux
since 19982.048.609.217
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63060D0133/00Z000 | Wallonia | 1,927 m² | 1 · 599 m² | - |
| 63060D0133/00A002 | Wallonia | 653 m² | 1 · 170 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
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.
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 7,567 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 formPublic limited company
Founded27-04-1990
Fiscal year end31-12
Abbreviation FR
T.P.M.
Activities, NACEBEL 2025
68122Development of non-residential building projects
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 52 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.