TGV Partners 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 €21k and a net result of €4k. Equity is growing by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 11% of 8018 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
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
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 11% of 8018 sector peers (2025).
NBB · sector comparisonPosition among 8018 sector peers
Solvency
better than 11%
← weakest
strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
25 d early
2024
62 d early
2023
62 d early
2022
31 d late
2021
11 d early
2020
64 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▲ 21.5%
2024 · €17k
2020: €16k
2021: €11k
2022: €1k
2023: €11k
2024: €17k
2020 → 2025
Net result
€4k▼ 40.4%
2024 · €6k
2020: €-3k
2021: €-5k
2022: €-10k
2023: €10k
2024: €6k
2020 → 2025
Total assets
€626k▼ 0.6%
2024 · €629k
2020: €58k
2021: €718k
2022: €680k
2023: €662k
2024: €629k
2020 → 2025
Solvency
3.4%▲ 0.6pp
2024 · 2.8%
2020: 27.9%
2021: 1.6%
2022: 0.2%
2023: 1.7%
2024: 2.8%
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€1k▼ 90.2%€11k▲ 914%€17k▲ 56.3%€21k▲ 21.5%
Operating result€-911-€-3k▼ 181%€17k€13k▼ 24.9%€11k▼ 13.6%
Net result€-5k-€-10k▼ 102%€10k€6k▼ 37.6%€4k▼ 40.4%
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 has fallen two years in a row; 2025 is 14% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €626k
Fixed assets
€606k▼ 1.7%
Current assets
€20k▲ 46.8%
Equity and liabilities €626k
Equity
€21k▲ 21.5%
Debt
€605k▼ 1.2%
The debt ratio falls from 97.2% to 96.6%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
3.4%▲
2024 · 2.8%
ROE
17.7%▼
2024 · 36.0%
ROA
0.6%▼
2024 · 1.0%
Debt
€605k▼
2024 · €612k
Debt ≤ 1 year
€297k▲
2024 · €276k
Debt > 1 year
€307k▼
2024 · €336k
Income taxes
€1k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€629k€626k▼
Formation expenses20€0-
Fixed assets21/28€616k€606k▼
Tangible fixed assets22/27€616k€606k▼
Land and buildings22€616k€606k▼
Current assets29/58€14k€20k▲
Amounts receivable within one year40/41€10k€17k▲
Trade receivables40€0€7k▲
Other amounts receivable41€10k€10k▼
Cash at bank and in hand54/58€3k€3k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€629k€626k▼
Equity10/15€17k€21k▲
Contributions10/11€20k€20k=
Reserves13-€2k
Distributable reserves133-€2k
Profit (loss) carried forward14€-2k€0▲
Amounts payable17/49€612k€605k▼
Amounts payable after more than one year17€336k€307k▼
Financial debts170/4€336k€307k▼
Amounts payable within one year42/48€276k€297k▲
Current portion of amounts payable after more than one year42€28k€29k▲
Trade debts44€2k€20k▲
Suppliers440/4€2k€20k▲
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€716€2k▲
Remuneration and social security454/9€400€2k▲
Other amounts payable47/48€246k€246k=
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€23k▼
Other operating charges640/8€4k€6k▲
Gross operating margin9900€41k€40k▼
Operating profit (loss)9901€13k€11k▼
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€6k€5k▼
Income taxes67/77-€1k
Profit (loss) for the period9904€6k€4k▼
Profit (loss) for the period to be appropriated9905€6k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€2k▲
Profit (loss) brought forward from the previous period14P€-8k€-2k▲
Transfer to equity691/2-€2k
To other reserves6921-€2k
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
Next filing, fiscal year 2026, expected by
2026
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €10k
Net result €10k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Ichtegem · 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.
Zedelgemsesteenweg(EER) 588480 IchtegemGround area
3,631 m²
Building footprint
296 m²
Volume, LiDAR
1,511 m³
Parcel 35003C0870/00A000, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TGV Partners
since 20192.296.243.386
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003C0870/00A000 | Flanders | 3,631 m² | 1 · 296 m² | 7.4 m · 2 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.
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,762. 7,576 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-11-2019
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.