T.C.G.
ActiveThe computed 12-month bankruptcy probability of T.C.G. is 1.6% (moderate). The annual accounts of T.C.G. for fiscal year 2024 show a net loss of 90% of total assets and of 84% of the equity at the start of that year. The 2024 annual accounts show equity of €14k and a net result of €-76k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 5895 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
36
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-20
Solvency42▼-52
Growth22▼-13
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.4 against 1.41 in 2023; short-term debt: 82.8% and cash: 29.1% of total assets), and 82.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
17.2%
Return on assets
-89.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
2021222324
2020 to 2024 · latest year €-76k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 5895 sector peers (2024).
NBB · sector comparisonPosition among 5895 sector peers
Solvency
better than 24%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-11-2025, 111 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
111 d late
2023
122 d late
2022
119 d late
2021
31 d late
2020
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€94k▼ 24.0%
2023 · €123k
2021: €205k
2022: €229k
2023: €123k
2021 → 2024
EBIT margin
-79.9%▼ 59.2pp
2023 · -20.7%
2021: 2.9%
2022: 25.6%
2023: -20.7%
2021 → 2024
Net result
€-76k▼ 189%
2023 · €-26k
2020: €48k
2021: €4k
2022: €42k
2023: €-26k
2020 → 2024
Working capital
€-42k
2023 · €14k
2020: €48k
2021: €47k
2022: €84k
2023: €14k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€205k€229k▲ 11.8%€123k▼ 46.3%€94k▼ 24.0%
Equity€70k-€74k▲ 6.3%€116k▲ 57.3%€90k▼ 22.5%€14k▼ 83.9%
Operating result€61k-€6k▼ 90.3%€59k▲ 886%€-25k€-75k▼ 194%
Net result€48k-€4k▼ 91.0%€42k▲ 870%€-26k€-76k▼ 189%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €75k in 2024 against €25k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84k
Fixed assets
€56k▼ 30.3%
Current assets
€28k▼ 42.7%
Equity and liabilities €84k
Equity
€14k▼ 83.9%
Debt
€70k▲ 76.3%
The debt ratio rises from 30.5% to 82.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-43k▼
2023 · €2k
Cash flow
€-44k▼
2023 · €945
Solvency
17.2%▼
2023 · 69.5%
Current ratio
0.40▼
2023 · 1.41
Quick ratio
0.40▼
2023 · 1.41
Debt / equity
4.82▲
2023 · 0.44
ROE
-522.3%▼
2023 · -29.0%
ROA
-89.8%▼
2023 · -20.2%
Interest coverage
-51.55▼
2023 · 2.09
Debt
€70k▲
2023 · €40k
Debt ≤ 1 year
€70k▲
2023 · €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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€130k€84k▼
Fixed assets21/28€81k€56k▼
Tangible fixed assets22/27€81k€56k▼
Plant, machinery and equipment23€20k€14k▼
Furniture and vehicles24€61k€39k▼
Other tangible fixed assets26-€2k
Current assets29/58€49k€28k▼
Amounts receivable within one year40/41€5k€511▼
Trade receivables40€1k-
Other amounts receivable41€4k€511▼
Cash at bank and in hand54/58€23k€25k▲
Deferred charges and accrued income490/1€21k€3k▼
Equity and liabilities
Total equity and liabilities10/49€130k€84k▼
Equity10/15€90k€14k▼
Contributions10/11€2k€2k=
Reserves13€14k€14k=
Non-distributable reserves130/1€200€200=
Reserves not available under the articles1311€200€200=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€74k€-2k▼
Amounts payable17/49€40k€70k▲
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€35k€70k▲
Current portion of amounts payable after more than one year42€15k€5k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€15k-
Taxes450/3€15k-
Other amounts payable47/48€579€63k▲
Income statement
Code20232024
Turnover70€123k€94k▼
Goods, raw materials, services and sundry goods60/61€121k€129k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€32k▲
Other operating charges640/8€2k€7k▲
Gross operating margin9900€3k€-36k▼
Operating profit (loss)9901€-25k€-75k▼
Financial income75/76B€96€1▼
Recurring financial income75€96€1▼
Financial charges65/66B€776€837▲
Recurring financial charges65€776€837▲
Profit (loss) for the period before taxes9903€-26k€-76k▼
Profit (loss) for the period9904€-26k€-76k▼
Profit (loss) for the period to be appropriated9905€-26k€-76k▼
Appropriation of the result
Profit (loss) to be appropriated9906€74k€-2k▼
Profit (loss) brought forward from the previous period14P€100k€74k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
31-12
Financial
Weakest financial yearnet €-76k
Net result drops to €-76k, the lowest in the series.
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 122 days late
2023
27-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 119 days late
2022
31-12
Financial
Equity above €100kEq €116k ▲57.3%
3 profitable years in a row build equity to €116k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · 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
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
09-07-2020
Andy Gastmans: Resigned as Director
31-12-2019
Jamie Gastmans: Resigned as Director
31-03-2019
Andy Gastmans: Resigned as Manager
Location & real-estate footprint
Registered office, Mol · 1 establishment unit since 2015
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.
Bosveld 682400 MolGround area
147 m²
Building footprint
118 m²
Volume, LiDAR
414 m³
Parcel 13434F0135/00G000, Flanders · tallest building 6.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
T.C.G.
since 20152.246.691.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0135/00G000 | Flanders | 147 m² | 1 · 118 m² | 6.1 m · 1 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 7,013 companies in sector 81220 we hold annual accounts for 2,416. 1,642 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-09-2015
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
81220Other building cleaning and industrial cleaning
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.