T.M. CONSULTING
ActiveT.M. CONSULTING has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €338k and a net result of €-72k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 63% of 31545 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 2.06 against 2.83 in 2024), and 31.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€72k
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
8 d early
2023
19 d early
2022
6 d early
2021
30 d early
2020
162 d late
2019
192 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€338k▼ 17.6%
2024 · €411k
2018: €526k
2019: €497k
2020: €488k
2021: €475k
2022: €490k
2023: €458k
2024: €411k
2018 → 2025
Total assets
€494k▼ 9.7%
2024 · €547k
2018: €526k
2019: €498k
2020: €490k
2021: €484k
2022: €506k
2023: €557k
2024: €547k
2018 → 2025
Net result
€-72k▼ 54.5%
2024 · €-47k
2018: €-83k
2019: €-28k
2020: €-10k
2021: €-13k
2022: €15k
2023: €-32k
2024: €-47k
2018 → 2025
Working capital
€146k▼ 20.5%
2024 · €184k
2018: €300k
2019: €277k
2020: €270k
2021: €262k
2022: €275k
2023: €229k
2024: €184k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€475k-€490k▲ 3.1%€458k▼ 6.5%€411k▼ 10.2%€338k▼ 17.6%
Operating result€-11k-€15k€-29k€-44k▼ 53.3%€-70k▼ 59.4%
Net result€-13k-€15k€-32k€-47k▼ 46.3%€-72k▼ 54.5%
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 stays negative: a loss of €70k in 2025 against €44k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €494k
Fixed assets
€211k▼ 19.9%
Current assets
€283k▼ 0.3%
Equity and liabilities €494k
Equity
€338k▼ 17.6%
Debt
€156k▲ 14.1%
The debt ratio rises from 24.9% to 31.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-69k▼
2024 · €-26k
Cash flow
€-71k▼
2024 · €-28k
Solvency
68.5%▼
2024 · 75.1%
Current ratio
2.06▼
2024 · 2.83
Quick ratio
2.06▼
2024 · 2.83
Debt / equity
0.46▲
2024 · 0.33
ROE
-21.4%▼
2024 · -11.4%
ROA
-14.6%▼
2024 · -8.6%
Interest coverage
-27.99▼
2024 · -9.08
Debt
€156k▲
2024 · €136k
Debt ≤ 1 year
€137k▲
2024 · €100k
Debt > 1 year
€18k▼
2024 · €36k
Income taxes
€253▲
2024 · €233
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€547k€494k▼
Fixed assets21/28€263k€211k▼
Tangible fixed assets22/27€57k€5k▼
Plant, machinery and equipment23€6k€5k▼
Furniture and vehicles24€51k€37▼
Financial fixed assets28€206k€206k=
Current assets29/58€284k€283k▼
Amounts receivable after more than one year29€108k€108k=
Other amounts receivable291€108k€108k=
Amounts receivable within one year40/41€51k€51k▲
Trade receivables40€10k€10k▲
Other amounts receivable41€41k€42k▲
Current investments50/53€112k€112k=
Cash at bank and in hand54/58€13k€12k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€547k€494k▼
Equity10/15€411k€338k▼
Contributions10/11€656k€656k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Other1319€7k€7k=
Distributable reserves133€0-
Profit (loss) carried forward14€-253k€-325k▼
Amounts payable17/49€136k€156k▲
Amounts payable after more than one year17€36k€18k▼
Financial debts170/4€36k€18k▼
Amounts payable within one year42/48€100k€137k▲
Current portion of amounts payable after more than one year42€17k€18k▲
Trade debts44€15k€17k▲
Suppliers440/4€15k€17k▲
Taxes, remuneration and social security45€5k€0▼
Taxes450/3€5k€0▼
Remuneration and social security454/9€0-
Other amounts payable47/48€63k€103k▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€1k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€2k€15k▲
Gross operating margin9900€-23k€-52k▼
Operating profit (loss)9901€-44k€-70k▼
Financial income75/76B€409€800▲
Recurring financial income75€409€800▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€-47k€-72k▼
Income taxes67/77€233€253▲
Profit (loss) for the period9904€-47k€-72k▼
Profit (loss) for the period to be appropriated9905€-47k€-72k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-265k€-325k▼
Profit (loss) brought forward from the previous period14P€-218k€-253k▼
Transfer from equity791/2€13k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
02-04
State Gazette act
Board meeting · Director resignation
Permanent representative · Director appointment
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after 4 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
09-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 162 days late
2021
08-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 192 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 3946.43
Current ratio from 1128.33 to 3946.43; short-term debt falls from €266 to €70.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2013
27-09
State Gazette act
General meeting · Director resignation
Member resignation · Director appointment
27-09
State Gazette act
General meeting · Director resignation
2012
27-11
State Gazette act
General meeting · Board meeting
Member admission · Member resignation
27-11
State Gazette act
General meeting · Board meeting
Member admission · Member resignation
05-10
State Gazette act
General meeting · Director appointment
Permanent representative
27-09
State Gazette act
General meeting · Board meeting
Member admission · Member resignation
27-09
State Gazette act
General meeting · Board meeting
Member admission · Member resignation
20-09
State Gazette act
General meeting · Board meeting
Director appointment · Permanent representative
2008
18-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
2007
27-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brussel · 1 establishment unit since 1993
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.
Bergstraat 561000 BrusselGround area
1,137 m²
Building footprint
162 m²
Volume, LiDAR
2,476 m³
Parcel 21802B1067/00G000, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
T.M. CONSULTING BVBA
since 19932.064.869.583
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B1067/00G000 ProtectedMonumentVoormalig warenhuis Wolfers Frères |
Brussels | 1,137 m² | 1 · 162 m² | 18.8 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared director
→
Shared director
→
Ownership & control
5 partiesT.M. CONSULTINGBE 0451.428.397
controls
Where this company holds controlthis company sits on their board5
56 locations
1 subsidiary · 30 locations
1 subsidiary · 25 locations
1 subsidiary · 14 locations
1 location
Similar companies · same sector, comparable size
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WICA
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S.M. CONSULT
BE 0458.194.247
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LASER
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Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 37,286 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-1993
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.