T.L GROUPE
ActiveSummary
The computed 12-month bankruptcy probability of T.L GROUPE is 9.2% (elevated). The 2024 annual accounts show equity of €65k and a net result of €12k. Equity is growing by ~44% per year across the filed fiscal years. Its solvency ranks better than 45% of 18941 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-4
Solvency48▲+3
Growth47▼-38
Track record100
Bankruptcy probability, 12 months
9.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity short (current ratio 0.98 against 0.87 in 2023; short-term debt: 55.7% and cash: 24% of total assets), and 76.6% 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 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2024Solvency, return and age of the figures
Solvency
23.4%
Return on assets
4.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-09-2025, 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
43 d late
2023
75 d late
2022
79 d late
2021
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€329k▼ 29.5%
2023 · €467k
2021: €325k
2022: €317k
2023: €467k
2021 → 2024
EBIT margin
5.4%▼ 2.7pp
2023 · 8.1%
2021: 5.3%
2022: 2.3%
2023: 8.1%
2021 → 2024
Net result
€12k▼ 59.1%
2023 · €30k
2021: €16k
2022: €6k
2023: €30k
2021 → 2024
Working capital
€-4k▲ 81.1%
2023 · €-20k
2021: €35k
2022: €13k
2023: €-20k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€325k-€317k▼ 2.4%€467k▲ 47.4%€329k▼ 29.5%
Equity€18k-€24k▲ 34.9%€53k▲ 125%€65k▲ 22.8%
Operating result€17k-€7k▼ 57.8%€38k▲ 422%€18k▼ 52.9%
Net result€16k-€6k▼ 60.6%€30k▲ 384%€12k▼ 59.1%
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 2024; 2024 is 53% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €280k
Fixed assets
€128k ▼ 10.2%
Current assets
€152k ▲ 19.3%
Equity and liabilities €280k
Equity
€65k ▲ 22.8%
Debt
€215k ▼ 0.9%
Debt's share of the balance-sheet total falls from 80.3% to 76.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▼
2023 · €66k
Cash flow
€44k▼
2023 · €58k
Current ratio
0.98▲
2023 · 0.87
Debt to equity
3.28▼
2023 · 4.06
ROE
18.5%▼
2023 · 55.6%
ROA
4.3%▼
2023 · 11.0%
Interest coverage
22.22▼
2023 · 119.68
Debt ≤ 1 year
€156k▲
2023 · €147k
Debt > 1 year
€59k▼
2023 · €69k
Income taxes
€5k▼
2023 · €8k
Staff costs
€44k▼
2023 · €72k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€270k€280k▲
Fixed assets21/28€142k€128k▼
Tangible fixed assets22/27€142k€128k▼
Plant, machinery and equipment23€12k€9k▼
Furniture and vehicles24€47k€38k▼
Other tangible fixed assets26€83k€81k▼
Current assets29/58€128k€152k▲
Amounts receivable within one year40/41€78k€84k▲
Trade receivables40€58k€65k▲
Other amounts receivable41€20k€19k▼
Cash at bank and in hand54/58€49k€67k▲
Deferred charges and accrued income490/1€870€1k▲
Equity and liabilities
Total equity and liabilities10/49€270k€280k▲
Equity10/15€53k€65k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€51k€63k▲
Amounts payable17/49€217k€215k▼
Amounts payable after more than one year17€69k€59k▼
Financial debts170/4€11k€2k▼
Other amounts payable178/9€58k€56k▼
Amounts payable within one year42/48€147k€156k▲
Current portion of amounts payable after more than one year42€10k€9k▼
Trade debts44€96k€110k▲
Suppliers440/4€96k€110k▲
Taxes, remuneration and social security45€38k€36k▼
Taxes450/3€13k€14k▲
Remuneration and social security454/9€26k€23k▼
Other amounts payable47/48€3k€814▼
Income statement
Code20232024
Turnover70€467k€329k▼
Non-recurring operating income76A€4k-
Goods, raw materials, services and sundry goods60/61€333k€235k▼
Remuneration, social security and pensions62€72k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€32k▲
Other operating charges640/8€774€868▲
Gross operating margin9900€139k€94k▼
Operating profit (loss)9901€38k€18k▼
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€551€2k▲
Recurring financial charges65€551€2k▲
Profit (loss) for the period before taxes9903€37k€17k▼
Income taxes67/77€8k€5k▼
Profit (loss) for the period9904€30k€12k▼
Profit (loss) for the period to be appropriated9905€30k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€63k▲
Profit (loss) brought forward from the previous period14P€22k€51k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 43 days late
2024
14-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 75 days late
2023
31-12
Financial
Highest result since 2021net €30k ▲384%
Operating result €38k, net result €30k, both a record.
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 79 days late
2022
31-12
Financial
Weakest financial yearnet €6k ▼60.6%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 2 establishment units since 2020
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.
Louizalaan 209a1050 ElseneGround area
843 m²
Building footprint
741 m²
Volume, LiDAR
14,800 m³
3 parcels, Brussels · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
SUSHI ME
since 20202.306.189.351
BLACKKITCHEN
since 20222.337.293.093
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 fl. |
| 21616A0176/00T000 | Brussels | 233 m² | 1 · 233 m² | 19.0 m · 5 fl. |
| 21442A0084/00C017 | Brussels | 130 m² | 1 · 91 m² | 18.9 m · 5 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
1 siteElsene2.306.189.351
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Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,213 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56210Event catering
56220Contract catering and other food service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:ronin777@live.be
Phone:0476.58.47.88