T.C.M.
ActiveSummary
T.C.M. has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €-9k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 51% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-53
Solvency73▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.25 in 2024; short-term debt: 47.4% and cash: 1.1% of total assets), and 51.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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 2025Solvency, return and age of the figures
Solvency
48.4%
Return on assets
-5.6%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
2 d early
2023
5 d early
2022
3 d early
2021
33 d early
2020
44 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€75k▼ 10.4%
2024 · €84k
2018: €10klowest in 8 years
2019: €20k▲ +99.2% vs 2018
2020: €38k▲ +83.9% vs 2019
2021: €78k▲ +107% vs 2020
2022: €43k▼ -44.6% vs 2021
2023: €53k▲ +21.8% vs 2022
2024: €84k▲ +60.2% vs 2023highest in 8 years
2025: €75k▼ -10.4% vs 2024
2018 → 2025
Total assets
€156k=
2024 · €156k
2018: €139k
2019: €109k▼ -21.2% vs 2018lowest in 8 years
2020: €120k▲ +9.6% vs 2019
2021: €180k▲ +50.0% vs 2020highest in 8 years
2022: €130k▼ -27.8% vs 2021
2023: €149k▲ +15.0% vs 2022
2024: €156k▲ +4.6% vs 2023
2025: €156k● -0.0% vs 2024
2018 → 2025
Net result
€-9k
2024 · €32k
2018: €-4k
2019: €10k▲ +369% vs 2018
2020: €17k▲ +68.4% vs 2019
2021: €40k▲ +134% vs 2020highest in 8 years
2022: €-35k▼ -186% vs 2021lowest in 8 years
2023: €9k▲ +127% vs 2022
2024: €32k▲ +236% vs 2023
2025: €-9k▼ -128% vs 2024
2018 → 2025
Working capital
€11k▼ 27.4%
2024 · €15k
2018: €-56klowest in 8 years
2019: €-42k▲ +25.4% vs 2018
2020: €-18k▲ +57.0% vs 2019
2021: €19k▲ +208% vs 2020highest in 8 years
2022: €-22k▼ -213% vs 2021
2023: €-12k▲ +45.6% vs 2022
2024: €15k▲ +226% vs 2023
2025: €11k▼ -27.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€78k-€43k▼ 44.6%€53k▲ 21.8%€84k▲ 60.2%€75k▼ 10.4%
2021: €78k
2022: €43k▼ -44.6% vs 2021lowest in 5 years
2023: €53k▲ +21.8% vs 2022
2024: €84k▲ +60.2% vs 2023highest in 5 years
2025: €75k▼ -10.4% vs 2024
Operating result€25k-€-31k€13k€49k▲ 271%€-6k
2021: €25k
2022: €-31k▼ -224% vs 2021lowest in 5 years
2023: €13k▲ +142% vs 2022
2024: €49k▲ +271% vs 2023highest in 5 years
2025: €-6k▼ -112% vs 2024
Net result€40k-€-35k€9k€32k▲ 236%€-9k
2021: €40khighest in 5 years
2022: €-35k▼ -186% vs 2021lowest in 5 years
2023: €9k▲ +127% vs 2022
2024: €32k▲ +236% vs 2023
2025: €-9k▼ -128% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €49k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €156k
Fixed assets
€71k ▼ 11.3%
Current assets
€85k ▲ 11.8%
Equity and liabilities €156k
Equity
€75k ▼ 10.4%
Debt
€80k ▲ 12.2%
Debt's share of the balance-sheet total rises from 46.0% to 51.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16k▼
2024 · €72k
Cash flow
€13k▼
2024 · €55k
Current ratio
1.15▼
2024 · 1.25
Quick ratio
0.35▼
2024 · 1.25
Debt to equity
1.07▲
2024 · 0.85
ROE
-11.6%▼
2024 · 37.6%
ROA
-5.6%▼
2024 · 20.3%
Interest coverage
3.57▼
2024 · 13.34
Debt ≤ 1 year
€74k▲
2024 · €61k
Debt > 1 year
€4k▼
2024 · €11k
Income taxes
€242▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€156k€156k=
Fixed assets21/28€80k€71k▼
Tangible fixed assets22/27€80k€71k▼
Land and buildings22€51k€46k▼
Plant, machinery and equipment23€15k€11k▼
Furniture and vehicles24€15k€14k▼
Financial fixed assets28€185€185=
Current assets29/58€76k€85k▲
Stocks and contracts in progress3-€59k
Contracts in progress37-€59k
Amounts receivable within one year40/41€65k€19k▼
Trade receivables40€2k€9k▲
Other amounts receivable41€63k€10k▼
Cash at bank and in hand54/58€2k€2k▼
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€156k€156k=
Equity10/15€84k€75k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€76k€67k▼
Amounts payable17/49€72k€80k▲
Amounts payable after more than one year17€11k€4k▼
Financial debts170/4€11k€4k▼
Amounts payable within one year42/48€61k€74k▲
Current portion of amounts payable after more than one year42€19k€11k▼
Financial debts43€21k€27k▲
Credit institutions430/8€21k€27k▲
Trade debts44€8k€33k▲
Suppliers440/4€8k€33k▲
Taxes, remuneration and social security45€13k€3k▼
Taxes450/3€11k€1k▼
Remuneration and social security454/9€3k€2k▼
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Remuneration, social security and pensions62€185-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Other operating charges640/8€5k€3k▼
Gross operating margin9900€77k€19k▼
Operating profit (loss)9901€49k€-6k▼
Financial income75/76B€1€2k▲
Recurring financial income75€1€2k▲
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€44k€-9k▼
Income taxes67/77€12k€242▼
Profit (loss) for the period9904€32k€-9k▼
Profit (loss) for the period to be appropriated9905€32k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€76k€67k▼
Profit (loss) brought forward from the previous period14P€45k€76k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €185 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €23k | €22k | €23k | €22k | ▼ 3.4% |
| Other operating charges640/8 | - | €1k | €3k | €5k | €3k | ▼ 48.5% |
| Gross operating margin9900 | €45k | €-7k | €38k | €77k | €19k | ▼ 75.4% |
| Operating profit (loss)9901 | €25k | €-31k | €13k | €49k | €-6k | ▼ 112% |
| Financial income75/76B | - | €42 | €215 | €1 | €2k | ▲ 314,557% |
| Recurring financial income75 | €20k | €42 | €215 | €1 | €2k | ▲ 314,557% |
| Financial charges65/66B | - | €3k | €4k | €5k | €5k | ▼ 15.6% |
| Recurring financial charges65 | €5k | €3k | €4k | €5k | €5k | ▼ 15.6% |
| Profit (loss) for the period before taxes9903 | €40k | €-35k | €9k | €44k | €-9k | ▼ 120% |
| Income taxes67/77 | - | - | - | €12k | €242 | ▼ 98.0% |
| Profit (loss) for the period9904 | €40k | €-35k | €9k | €32k | €-9k | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €40k | €-35k | €9k | €32k | €-9k | ▼ 128% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €180k | €130k | €149k | €156k | €156k | = |
| Fixed assets21/28 | €110k | €95k | €91k | €80k | €71k | ▼ 11.3% |
| Tangible fixed assets22/27 | €110k | €95k | €91k | €80k | €71k | ▼ 11.3% |
| Land and buildings22 | - | €44k | €53k | €51k | €46k | ▼ 9.4% |
| Plant, machinery and equipment23 | - | €8k | €9k | €15k | €11k | ▼ 26.1% |
| Furniture and vehicles24 | - | €44k | €29k | €15k | €14k | ▼ 3.1% |
| Financial fixed assets28 | €185 | €185 | €185 | €185 | €185 | = |
| Current assets29/58 | €70k | €34k | €58k | €76k | €85k | ▲ 11.8% |
| Stocks and contracts in progress3 | - | - | - | - | €59k | - |
| Contracts in progress37 | - | - | - | - | €59k | - |
| Amounts receivable within one year40/41 | €64k | €25k | €51k | €65k | €19k | ▼ 71.2% |
| Trade receivables40 | - | €3k | €34k | €2k | €9k | ▲ 318% |
| Other amounts receivable41 | - | €21k | €16k | €63k | €10k | ▼ 84.2% |
| Cash at bank and in hand54/58 | €3k | €6k | €3k | €2k | €2k | ▼ 19.1% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €9k | €5k | ▼ 40.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €180k | €130k | €149k | €156k | €156k | = |
| Equity10/15 | €78k | €43k | €53k | €84k | €75k | ▼ 10.4% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €70k | €35k | €45k | €76k | €67k | ▼ 11.5% |
| Amounts payable17/49 | €102k | €87k | €97k | €72k | €80k | ▲ 12.2% |
| Amounts payable after more than one year17 | €52k | €30k | €27k | €11k | €4k | ▼ 65.5% |
| Financial debts170/4 | - | €30k | €27k | €11k | €4k | ▼ 65.5% |
| Amounts payable within one year42/48 | €50k | €56k | €70k | €61k | €74k | ▲ 21.6% |
| Current portion of amounts payable after more than one year42 | - | €26k | €17k | €19k | €11k | ▼ 43.6% |
| Financial debts43 | - | €18k | €32k | €21k | €27k | ▲ 32.6% |
| Credit institutions430/8 | - | €18k | €32k | €21k | €27k | ▲ 32.6% |
| Trade debts44 | €23k | €12k | €18k | €8k | €33k | ▲ 315% |
| Suppliers440/4 | - | €12k | €18k | €8k | €33k | ▲ 315% |
| Taxes, remuneration and social security45 | - | €846 | €3k | €13k | €3k | ▼ 77.7% |
| Taxes450/3 | - | €846 | €585 | €11k | €1k | ▼ 89.7% |
| Remuneration and social security454/9 | - | - | €3k | €3k | €2k | ▼ 29.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40k | €-35k | €9k | €32k | €-9k | ▼ 128% |
| + Depreciation and write-downs630 | €18k | €23k | €22k | €23k | €22k | ▼ 3.4% |
| Operating cash flow (approximation) | €58k | €-11k | €32k | €55k | €13k | ▼ 75.4% |
| Investment in fixed assets (approximation) | - | €-8k | €-18k | €-12k | €-13k | ▼ 10.9% |
| Change in cash | - | €3k | €-3k | €-572 | €-409 | ▲ 28.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €40k ▲134%
Net result €40k, the highest in the series.
30-09
Financial
Liquidity doublescurrent ratio 1.39
Current ratio from 0.67 to 1.39; short-term debt falls from €54k to €50k.
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
Show earlier events
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Tongeren-Borgloon · 1 establishment unit since 2001
Ground area
382 m²
Building footprint
125 m²
Volume, LiDAR
762 m³
Parcel 73036B0333/00X000, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bellingstraat 31, 3840 Tongeren-Borgloon
since 20012.098.249.758
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73036B0333/00X000 | Flanders | 382 m² | 1 · 125 m² | 9.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 751 companies in sector 43422 we hold annual accounts for 424. 356 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-06-2001
Fiscal year end30-09
Activities, NACEBEL 2025
43422Screed work
43331Floor and wall tiling
81300Landscape service activities
Scores and ratios are computed by Checked and are not a credit decision.