TGMV
ActiveSummary
The computed 12-month bankruptcy probability of TGMV is 3.1% (moderate). The 2025 annual accounts show equity of €14k and a net result of €8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 3674 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-28
Solvency30▼-30
Growth78=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.81 in 2024; short-term debt: 55.3% and cash: 20.2% of total assets), and 95.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.6%
Return on assets
2.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 3674 sector peers (2025).
NBB · sector comparisonPosition among 3674 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 7 filingsDeviation from the deadline
2025
30 d late
2024
91 d late
2023
28 d late
2022
7 d early
2021
109 d late
2020
31 d late
2019
61 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, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€14k▼ 84.6%
2024 · €91k
2019: €11k
2020: €65k
2021: €138k
2022: €84k
2023: €24k
2024: €91k
2019 → 2025
Total assets
€308k▲ 16.7%
2024 · €264k
2019: €301k
2020: €301k
2021: €452k
2022: €371k
2023: €271k
2024: €264k
2019 → 2025
Net result
€8k▼ 88.3%
2024 · €67k
2019: €261
2020: €54k
2021: €73k
2022: €-54k
2023: €18k
2024: €67k
2019 → 2025
Working capital
€-78k▼ 271%
2024 · €-21k
2019: €61k
2020: €61k
2021: €45k
2022: €-44k
2023: €-91k
2024: €-21k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€84k▼ 38.9%€24k▼ 71.4%€91k▲ 280%€14k▼ 84.6%
Operating result€84k-€-46k€28k€99k▲ 259%€25k▼ 75.1%
Net result€73k-€-54k€18k€67k▲ 277%€8k▼ 88.3%
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 falls in 2025; 2025 is 75% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €308k
Fixed assets
€216k ▲ 24.5%
Current assets
€92k ▲ 1.7%
Equity and liabilities €308k
Equity
€14k ▼ 84.6%
Debt
€294k ▲ 70.3%
Debt's share of the balance-sheet total rises from 65.4% to 95.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€73k▼
2024 · €147k
Cash flow
€56k▼
2024 · €115k
Current ratio
0.54▼
2024 · 0.81
Quick ratio
0.47▼
2024 · 0.69
Debt to equity
20.87▲
2024 · 1.89
ROE
56.0%▼
2024 · 73.7%
ROA
2.6%▼
2024 · 25.5%
Interest coverage
6.40▼
2024 · 12.44
Debt ≤ 1 year
€170k▲
2024 · €112k
Debt > 1 year
€123k▲
2024 · €61k
Income taxes
€5k▼
2024 · €20k
Staff costs
€682k▲
2024 · €565k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€264k€308k▲
Fixed assets21/28€173k€216k▲
Tangible fixed assets22/27€172k€215k▲
Plant, machinery and equipment23€51k€38k▼
Furniture and vehicles24€14k€82k▲
Other tangible fixed assets26€108k€95k▼
Financial fixed assets28€774€774=
Current assets29/58€91k€92k▲
Stocks and contracts in progress3€14k€13k▼
Stocks30/36€14k€13k▼
Amounts receivable within one year40/41€17k€9k▼
Trade receivables40€17k€7k▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€50k€62k▲
Deferred charges and accrued income490/1€9k€9k▼
Equity and liabilities
Total equity and liabilities10/49€264k€308k▲
Equity10/15€91k€14k▼
Contributions10/11€6k€6k=
Reserves13€85k€8k▼
Distributable reserves133€85k€8k▼
Amounts payable17/49€172k€294k▲
Amounts payable after more than one year17€61k€123k▲
Financial debts170/4€61k€57k▼
Other amounts payable178/9-€66k
Amounts payable within one year42/48€112k€170k▲
Current portion of amounts payable after more than one year42€21k€37k▲
Trade debts44€43k€12k▼
Suppliers440/4€43k€12k▼
Taxes, remuneration and social security45€48k€121k▲
Taxes450/3€38k€47k▲
Remuneration and social security454/9€10k€74k▲
Income statement
Code20242025
Remuneration, social security and pensions62€565k€682k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€48k▲
Other operating charges640/8€1k€10k▲
Gross operating margin9900€713k€765k▲
Operating profit (loss)9901€99k€25k▼
Financial income75/76B€0€7▲
Recurring financial income75€0€7▲
Financial charges65/66B€12k€11k▼
Recurring financial charges65€12k€11k▼
Profit (loss) for the period before taxes9903€87k€13k▼
Income taxes67/77€20k€5k▼
Profit (loss) for the period9904€67k€8k▼
Profit (loss) for the period to be appropriated9905€67k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€8k▼
Transfer from equity791/2-€85k
Transfer to equity691/2€67k€8k▼
To other reserves6921€67k€8k▼
Profit to be distributed694/7-€85k
Return on contributions (dividend)694-€85k
Social balance
Average headcount (FTE)908717.118.3▲
The notes to these accounts (9 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 91 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-54k ▼174%
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
31-12
Financial
Highest result since 2019net €73k ▲34.5%
Net result €73k, the highest in the series.
31-12
Financial
Equity above €100kEq €138k ▲112%
3 profitable years in a row build equity to €138k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brasschaat · 1 establishment unit since 2019
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.
Licht Vliegwezenlaan 112930 BrasschaatGround area
1.2 ha
Building footprint
564 m²
Volume, LiDAR
6,095 m³
Parcel 11008A0352/00B000, Flanders · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TGMV
since 20192.287.293.454
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008A0352/00B000 | Flanders | 1.2 ha | 1 · 564 m² | 13.7 m · 4 fl. |
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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 5 entries · 16,369 EUR awarded · 16,516 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 523 EUR | 648 EUR |
| 2023 | 2 | 6,482 EUR | 6,504 EUR |
| 2022 | 2 | 9,364 EUR | 9,364 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrasschaat2.287.293.454
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McLiégeois
BE 0849.391.386
Messancy · Eq €14,055
LE PANORAMA
BE 0466.768.057
Houffalize · Eq €14,050
VIC
BE 0460.582.526
Durbuy · Eq €14,048
Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 8,012 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
Founded01-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.