Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for TMN Services according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €439k and a net result of €271k.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events23-09-2024
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 21-09-2022, 52 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.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2021, that is 31-07-2022.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | nothing on record | not filed | - |
| 31-12-2022 | 31-07-2023 | nothing on record | not filed | - |
| 31-12-2021 | 31-07-2022 | 21-09-2022 | 52 d late | 2022-20434380 |
| 31-12-2020 | 31-07-2021 | 31-08-2021 | 31 d late | 2021-65700462 |
| 31-12-2019 | 31-07-2020 | 31-10-2020 | 92 d late | 2020-67800113 |
| 31-12-2018 | 31-07-2019 | 30-08-2019 | 30 d late | 2019-62000089 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No administrative flags
Financials
Turnover€6.48M+39.2%
EBIT margin5.4%+1.2pp
Net result€271k+91.7%
Working capital€293k-47.5%
Directors2
Annual accounts & ratios
Source: NBB · 2021Annual accounts filed on 21-09-2022 with the NBB · fiscal year 2021 · volledig
€6.48M
+39.2%
18-21
€407k
+101.9%
18-21
€271k
+91.7%
18-21
€328k
+125.4%
18-21
€695k
-37.8%
18-21
€439k
+168.1%
18-21
€293k
-47.5%
18-21
€33k
+92.3%
18-21
€78k
+51.5%
18-21
€256k
-73.1%
18-21
€256k
-53.6%
18-21
2.14
+6.6%
18-21
0.96
+47.3%
18-21
63.1%
+331.0%
18-21
0.58
-90.0%
18-21
61.8%
-28.5%
18-21
39.0%
+208.1%
18-21
4.2%
+37.7%
18-21
6.3%
+45.1%
18-21
50.35
-
18-21
Figures by fiscal year
| Fiscal year | 2021 |
|---|---|
| Deposit | volledig |
| Revenue | €6.48M |
| EBITDA | €407k |
| Net profit | €271k |
| Cash flow | €328k |
| Staff costs | €33k |
| Income taxes | €78k |
| Dividends | - |
| Total assets | €695k |
| Equity | €439k |
| Debt | €256k |
| of which ≤ 1y | €256k |
| of which > 1y | - |
| Working capital | €293k |
| Employees (FTE) | - |
Ratios (computed)
| 2021 | |
|---|---|
| Current ratio | 2.14 |
| Quick ratio | 0.96 |
| Working capital ratio | 42.1% |
| Solvency | 63.1% |
| Debt / equity | 0.58 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | 6.8% |
| Net margin | 4.2% |
| ROA | 39.0% |
| ROE | 61.8% |
| EBITDA margin | 6.3% |
| Days sales outstanding | 12d |
| Days payable outstanding | - |
| Inventory turnover | 19.96 |
| Days inventory (DSI) | 18d |
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €695k |
| Fixed assets | 21/28 | €146k |
| Tangible fixed assets | 22/27 | €146k |
| Current assets | 29/58 | €549k |
| Stocks & contracts in progress | 3 | €302k |
| Amounts receivable within one year | 40/41 | €214k |
| Cash & bank | 54/58 | €33k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €695k |
| Equity | 10/15 | €439k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €418k |
| Amounts payable | 17/49 | €256k |
| Amounts payable within one year | 42/48 | €256k |
| Income statement | ||
| Turnover | 70 | €6.48M |
| Gross operating margin | 9900 | €442k |
| Operating result | 9901 | €349k |
| Result before taxes | 9903 | €349k |
| Income taxes | 67/77 | €78k |
| Net result for the period | 9904 | €271k |
| Result to be appropriated | 9905 | €271k |
You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2021 · computed30
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2021 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
Zain Serifi MohamedDirectorState Gazette act 22107528 (08-09-2022)Current01-08-2022 → present
Former directors (1)
-
Lamalame, MouradDirectorState Gazette act 22107528 (08-09-2022)Former- → 01-08-2022
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
2 mandates| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | JULIEN STOCKMAN RUE DES CHAMPS, 58,
4020 LIEGE 2 |
16-09-2024 → present | Belgian State Gazette |
| Curator | DIDIER GRIGNARD RUE DES
CHAMPS 58, 4020 LIEGE 2 |
16-09-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 16-06-2017 |
| Status | Active |
| Postal code | - |
| First BS signal | 23-09-2024 |
| Latest BS signal | 23-09-2024 |
Structure & network
Company structure: linked entities
2 linked entitiesMandates
↔
2
of these mandate-holders are active on other cases, click any red card to open that KBO.
Locations & real estate
Establishment units
1 locationTMN Services
since 20172.271.166.908
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area378 m²
Buildings2
Building footprint377 m²
Volume (LiDAR)3,139 m³
Tallest building15.3 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0193/00X006 | Flanders | 346 m² | 1 · 346 m² | 12.1 m · 2 fl. |
| 62063A0187/00_000 | Wallonia | 32 m² | 1 · 31 m² | 15.3 m · 5 fl. |
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.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette23-09-2024
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts Capital history · 1
08-09-2022
Capital change
All acts · 1
updated 3 years ago
2022
08-09-2022 All shares are now held by a single shareholder
Analysis
Snowflake analysis
financial profile on 5 axes55
/ 100
Mixed profile: strong on solvency, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
30
Profitability
59
Solvency
99
Growth
85
Stability
0
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soonAI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameNL | TMN Services |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.