T.P.M.
ActiveT.P.M. has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €555k and a net result of €47k. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
74
/ 100
Healthy▼ -14 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability42▼-58
Solvency82▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.35 in 2023), and 52.5% of the assets are financed with debt.
Credit advice 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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
70 d late
2022
20 d early
2021
34 d early
2020
36 d early
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€555k▲ 9.2%
2023 · €509k
2018: €117k
2019: €169k
2020: €190k
2021: €220k
2022: €377k
2023: €509k
2018 → 2024
Total assets
€1.17M▲ 18.2%
2023 · €990k
2018: €777k
2019: €939k
2020: €643k
2021: €967k
2022: €1.82M
2023: €990k
2018 → 2024
Net result
€47k▼ 64.7%
2023 · €132k
2018: €960
2019: €51k
2020: €42k
2021: €30k
2022: €607k
2023: €132k
2018 → 2024
Working capital
€305k▲ 82.3%
2023 · €167k
2018: €109k
2019: €178k
2020: €206k
2021: €241k
2022: €-35k
2023: €167k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€190k-€220k▲ 15.6%€377k▲ 71.4%€509k▲ 34.9%€555k▲ 9.2%
Operating result€46k-€33k▼ 29.5%€645k▲ 1,876%€162k▼ 74.9%€56k▼ 65.3%
Net result€42k-€30k▼ 28.5%€607k▲ 1,941%€132k▼ 78.3%€47k▼ 64.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 65% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.17M
Fixed assets
€253k▼ 26.3%
Current assets
€917k▲ 41.9%
Equity and liabilities €1.17M
Equity
€555k▲ 9.2%
Debt
€615k▲ 27.8%
The debt ratio rises from 48.6% to 52.5%: debt grows faster than equity.
Key figures and ratios
EBITDA
€149k▼
2023 · €260k
Cash flow
€139k▼
2023 · €230k
Solvency
47.5%▼
2023 · 51.4%
Current ratio
1.50▲
2023 · 1.35
Quick ratio
1.29▼
2023 · 1.32
Debt / equity
1.11▲
2023 · 0.95
ROE
8.4%▼
2023 · 25.9%
ROA
4.0%▼
2023 · 13.3%
Interest coverage
15.71▼
2023 · 58.69
Debt
€615k▲
2023 · €481k
Debt ≤ 1 year
€612k▲
2023 · €479k
Income taxes
€20k▼
2023 · €50k
Staff costs
€647k▲
2023 · €630k
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€990k€1.17M▲
Fixed assets21/28€344k€253k▼
Tangible fixed assets22/27€344k€253k▼
Plant, machinery and equipment23€281k€207k▼
Furniture and vehicles24€63k€46k▼
Financial fixed assets28€48€48=
Current assets29/58€646k€917k▲
Stocks and contracts in progress3€16k€130k▲
Contracts in progress37€16k€130k▲
Amounts receivable within one year40/41€428k€744k▲
Trade receivables40€182k€247k▲
Other amounts receivable41€247k€497k▲
Cash at bank and in hand54/58€184k€36k▼
Deferred charges and accrued income490/1€17k€8k▼
Equity and liabilities
Total equity and liabilities10/49€990k€1.17M▲
Equity10/15€509k€555k▲
Contributions10/11€19k€19k=
Reserves13€490k€537k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€490k€537k▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Other liabilities and charges164/5€0-
Amounts payable17/49€481k€615k▲
Amounts payable within one year42/48€479k€612k▲
Financial debts43€125k€125k=
Credit institutions430/8€125k€125k=
Trade debts44€104k€301k▲
Suppliers440/4€104k€301k▲
Advances received on contracts in progress46€122k€105k▼
Taxes, remuneration and social security45€128k€80k▼
Taxes450/3€106k€72k▼
Remuneration and social security454/9€22k€8k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20232024
Non-recurring operating income76A€165€0▼
Remuneration, social security and pensions62€630k€647k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€98k€93k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-9k€-22k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-30k€0▲
Other operating charges640/8€12k€25k▲
Non-recurring operating charges66A€11k€3k▼
Gross operating margin9900€874k€803k▼
Operating profit (loss)9901€162k€56k▼
Financial income75/76B€24k€20k▼
Recurring financial income75€24k€20k▼
Financial charges65/66B€4k€9k▲
Recurring financial charges65€4k€9k▲
Profit (loss) for the period before taxes9903€182k€66k▼
Income taxes67/77€50k€20k▼
Profit (loss) for the period9904€132k€47k▼
Profit (loss) for the period to be appropriated9905€132k€47k▼
Appropriation of the result
Profit (loss) to be appropriated9906€132k€47k▼
Transfer to equity691/2€132k€47k▼
To other reserves6921€132k€47k▼
Profit to be distributed694/7€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90879.79.4▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 70 days late
2023
31-12
Financial
Equity above €500kEq €509k ▲34.9%
6 profitable years in a row build equity to €509k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €607k ▲1941%
Operating result €645k, net result €607k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200kEq €220k ▲15.6%
4 profitable years in a row build equity to €220k.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €150kEq €169k ▲43.5%
2 profitable years in a row build equity to €169k.
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Spiere-Helkijn · 1 establishment unit since 1997
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.
Industriepark 4A8587 Spiere-HelkijnGround area
1.2 ha
Building footprint
7,329 m²
Volume, LiDAR
50,688 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
T.P.M.
since 19972.081.462.721
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34036C0022/00Z000 | Flanders | 9,087 m² | 1 · 4,796 m² | 9.2 m · 2 fl. |
| 34036C0022/00V000 | Flanders | 2,612 m² | 1 · 2,534 m² | 9.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 879 EUR awarded · 329 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 678 EUR | 128 EUR |
| 2024 | 1 | 0 EUR | 45 EUR |
| 2023 | 1 | 201 EUR | 156 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,551 companies in sector 41001 we hold annual accounts for 15,877. 8,726 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-1997
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
70111
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 27 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.