TM ASSOCIES
ActiveThe computed 12-month bankruptcy probability of TM ASSOCIES is 2.3% (moderate). The 2025 annual accounts show equity of €50k and a net result of €26k. Equity is growing by ~24.7% per year across the filed fiscal years. Its solvency ranks better than 42% of 13159 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-18
Solvency47▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.74 in 2024; short-term debt: 57.7% and cash: 22% of total assets), and 78.5% 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
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 →
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
neutral · Filed after the deadline
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 12-01-2026, 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 · 10 filingsDeviation from the deadline
2025
43 d late
2024
1 d early
2022
67 d late
2021
131 d late
2020
31 d late
2019
118 d late
2018
51 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close18-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k▲ 0.8%
2024 · €50k
2018: €3k
2019: €9k
2020: €25k
2021: €51k
2022: €-28k
2024: €50k
2018 → 2025
Total assets
€234k▼ 16.7%
2024 · €281k
2018: €192k
2019: €209k
2020: €195k
2021: €222k
2022: €302k
2024: €281k
2018 → 2025
Net result
€26k▼ 67.0%
2024 · €78k
2018: €9k
2019: €7k
2020: €16k
2021: €26k
2022: €-79k
2024: €78k
2018 → 2025
Working capital
€-26k▲ 38.7%
2024 · €-43k
2018: €-34k
2019: €-37k
2020: €-19k
2021: €-8k
2022: €-101k
2024: €-43k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€25k-€51k▲ 106%€-28k€50k€50k▲ 0.8%
Operating result€21k-€34k▲ 58.6%€-67k€88k€34k▼ 61.4%
Net result€16k-€26k▲ 67.8%€-79k€78k€26k▼ 67.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €234k
Fixed assets
€125k▼ 21.3%
Current assets
€109k▼ 10.7%
Equity and liabilities €234k
Equity
€50k▲ 0.8%
Debt
€184k▼ 20.5%
The debt ratio falls from 82.2% to 78.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€72k▼
2024 · €139k
Cash flow
€64k▼
2024 · €128k
Solvency
21.5%▲
2024 · 17.8%
Current ratio
0.81▲
2024 · 0.74
Quick ratio
0.81▲
2024 · 0.74
Debt / equity
3.65▼
2024 · 4.62
ROE
50.8%▼
2024 · 155.2%
ROA
10.9%▼
2024 · 27.6%
Interest coverage
12.23▼
2024 · 13.44
Debt
€184k▼
2024 · €231k
Debt ≤ 1 year
€135k▼
2024 · €165k
Debt > 1 year
€48k▼
2024 · €66k
Income taxes
€3k▲
2024 · €335
Staff costs
€219k▼
2024 · €268k
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€281k€234k▼
Fixed assets21/28€159k€125k▼
Intangible fixed assets21€907-
Tangible fixed assets22/27€158k€125k▼
Plant, machinery and equipment23€13k€8k▼
Furniture and vehicles24€31k€22k▼
Other tangible fixed assets26€114k€95k▼
Financial fixed assets28€140€140=
Current assets29/58€122k€109k▼
Amounts receivable within one year40/41€106k€57k▼
Trade receivables40€93k€49k▼
Other amounts receivable41€13k€8k▼
Cash at bank and in hand54/58€16k€52k▲
Deferred charges and accrued income490/1€241€398▲
Equity and liabilities
Total equity and liabilities10/49€281k€234k▼
Equity10/15€50k€50k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€31k€32k▲
Amounts payable17/49€231k€184k▼
Amounts payable after more than one year17€66k€48k▼
Financial debts170/4€66k€48k▼
Amounts payable within one year42/48€165k€135k▼
Current portion of amounts payable after more than one year42€29k€32k▲
Trade debts44€87k€43k▼
Suppliers440/4€87k€43k▼
Taxes, remuneration and social security45€36k€54k▲
Taxes450/3€13k€8k▼
Remuneration and social security454/9€24k€46k▲
Other amounts payable47/48€12k€6k▼
Accrued charges and deferred income492/3€348€348=
Income statement
Code20242025
Remuneration, social security and pensions62€268k€219k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50k€38k▼
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A€125-
Gross operating margin9900€409k€297k▼
Operating profit (loss)9901€88k€34k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€10k€6k▼
Recurring financial charges65€10k€6k▼
Profit (loss) for the period before taxes9903€78k€28k▼
Income taxes67/77€335€3k▲
Profit (loss) for the period9904€78k€26k▼
Profit (loss) for the period to be appropriated9905€78k€26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€32k▲
Profit (loss) brought forward from the previous period14P€-46k€6k▲
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
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 43 days late
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-04
Financial
Back to profitnet €78k
Net result €78k after one loss-making year.
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Weakest financial yearnet €-79k ▼399%
Net result drops to €-79k, the lowest in the series; recovery starts the following year.
09-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 131 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
2018
15-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 107 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Bassenge · 2 establishment units since 2012
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 Droit Thier 364690 BassengeGround area
1,227 m²
Building footprint
174 m²
Volume, LiDAR
1,220 m³
3 parcels, Wallonia · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Traiteur Maxime
since 20122.209.256.954
Rue des Guillemins 109, 4000 Liège
since 20172.269.694.387
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62086A0471/00D000 | Wallonia | 717 m² | - | - |
| 62805B0468/00V002 | Wallonia | 390 m² | 1 · 54 m² | 16.8 m · 5 fl. |
| 62809B0341/00R015 | Wallonia | 120 m² | 1 · 120 m² | 3.6 m · 1 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.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesLiège2.209.256.954
Liège2.269.694.387
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Of 7,508 companies in sector 56210 we hold annual accounts for 2,445. 2,039 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2012
Fiscal year end30-04
Activities, NACEBEL
56210Event catering
46389Wholesale of other food products
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@traiteurmaxime.be
Phone:0495383394