TVO Group
Open bankruptcyA bankruptcy procedure is open for TVO Group according to publications in the Belgian State Gazette; curator: JAN DE POORTER. The 2020 annual accounts show negative equity (€-8k) and a net result of €-31k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2020, micro schema
Equity
€-8k
2019 · €23k
2018: €20k
2019: €23k
2018 → 2020
Total assets
€9k▼ 84.5%
2019 · €59k
2018: €77k
2019: €59k
2018 → 2020
Net result
€-31k
2019 · €2k
2018: €2k
2019: €2k
2018 → 2020
Working capital
€-14k
2019 · €15k
2018: €-4k
2019: €15k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€20k-€23k▲ 11.2%€-8k
Operating result€3k-€3k▼ 1.1%€-31k
Net result€2k-€2k▲ 31.1%€-31k
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 turns negative in 2020: a loss of €31k after €3k in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €9k
Fixed assets
€6k▼ 25.8%
Current assets
€3k▼ 94.3%
Key figures and ratios
EBITDA
€-24k▼
2019 · €22k
Cash flow
€-24k▼
2019 · €20k
Solvency
-87.8%▼
2019 · 38.6%
Current ratio
0.17▼
2019 · 1.42
Quick ratio
0.17▼
2019 · 1.42
ROA
-337.3%▼
2019 · 3.9%
Debt
€17k▼
2019 · €36k
Debt ≤ 1 year
€17k▼
2019 · €35k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€59k€9k▼
Fixed assets21/28€8k€6k▼
Intangible fixed assets21€1k-
Tangible fixed assets22/27€4k€3k▼
Financial fixed assets28€3k€3k=
Current assets29/58€50k€3k▼
Amounts receivable within one year40/41€49k€2k▼
Cash at bank and in hand54/58€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€59k€9k▼
Equity10/15€23k€-8k▼
Contributions10/11€19k€19k=
Reserves13€4k€4k=
Profit (loss) carried forward14-€-31k
Amounts payable17/49€36k€17k▼
Amounts payable within one year42/48€35k€17k▼
Trade debts44€26k-
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€6k▼
Gross operating margin9900€23k€-23k▼
Operating profit (loss)9901€3k€-31k▼
Recurring financial charges65€67€26▼
Profit (loss) for the period before taxes9903€3k€-31k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€2k€-31k▼
Profit (loss) for the period to be appropriated9905€2k€-31k▼
Timeline · acts, filings and financial milestones
2023
19-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · TVO GROUP BV DROGEN- BROODSTRAAT 65/15, 9940 EVERGEM · event 11-07-2023
2022
04-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 216 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 210 days late
2020
31-12
Financial
Weakest financial yearnet €-31k ▼1446%
Net result drops to €-31k, the lowest in the series.
2019
31-12
Financial
Highest result since 2018net €2k ▲31.1%
Net result €2k, the highest in the series.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Evergem · 1 establishment unit since 2014
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.
Drogenbroodstraat 659940 EvergemGround area
674 m²
Building footprint
184 m²
Volume, LiDAR
960 m³
2 parcels, Flanders · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Thomas Verhulst Opmetingen
since 20142.235.271.958
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019B0854/00G000 | Flanders | 636 m² | 1 · 146 m² | 5.5 m · 1 fl. |
| 44815F2123/00A002 | Flanders | 39 m² | 1 · 39 m² | 14.9 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JAN DE POORTER LANGERBRUGGESTRAAT 70,
9940 EVERGEM |
11-07-2023 → present |
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,558. 4,145 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded25-06-2014
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 6 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.