TAM
ActiveSummary
The computed 12-month bankruptcy probability of TAM is 9.2% (elevated). For TAM, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (-€48,208) and a net result of -€7,664. Equity is shrinking by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 6% of 17995 sector peers (fiscal year 2023). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
9.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 2023Solvency, return and age of the figures
Solvency
-223.5%
Return on assets
-35.5%
Age of the figures
33 mo
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
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-11-2024, 104 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
104 d late
2022
206 d late
2021
23 d early
2020
47 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€7,664▲ 36.9%
2022 · -€12,155
Working capital
-€63,247▼ 5.1%
2022 · -€60,192
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result-€11,882▼ 22.1%-€7,968▲ 32.9%-€3,720▲ 53.3%-€11,823▼ 218%-€7,140▲ 39.6%
Net result-€12,038▼ 23.6%-€8,167within the sector's middle half▲ 32.2%-€3,896below the sector's middle half▲ 52.3%-€12,155below the sector's middle half▼ 212%-€7,664within the sector's middle half▲ 36.9%
Equity-€16,325▼ 281%-€24,492below the sector's middle half▼ 50.0%-€28,388below the sector's middle half▼ 15.9%-€40,543below the sector's middle half▼ 42.8%-€48,208below the sector's middle half▼ 18.9%
Total assets€36,185▼ 19.8%€29,777below the sector's middle half▼ 17.7%€35,222below the sector's middle half▲ 18.3%€20,229below the sector's middle half▼ 42.6%€21,572below the sector's middle half▲ 6.6%
Debt€52,510▲ 6.3%€54,269▲ 3.3%€63,610▲ 17.2%€60,772▼ 4.5%€69,779▲ 14.8%
Working capital-€49,804▼ 17.5%-€53,361within the sector's middle half▼ 7.1%-€52,647below the sector's middle half▲ 1.3%-€60,192below the sector's middle half▼ 14.3%-€63,247below the sector's middle half▼ 5.1%
Solvency-45.1%▼ 35.6pp-82.3%below the sector's middle half▼ 37.1pp-80.6%below the sector's middle half▲ 1.7pp-200.4%below the sector's middle half▼ 119.8pp-223.5%below the sector's middle half▼ 23.1pp
Current ratio0.05▼ 0.090.02below the sector's middle half▼ 0.030.17below the sector's middle half▲ 0.160.01below the sector's middle half▼ 0.160.09below the sector's middle half▲ 0.08
Return on assets (ROA)-33.3%▼ 11.7pp-27.4%below the sector's middle half▲ 5.8pp-11.1%below the sector's middle half▲ 16.4pp-60.1%below the sector's middle half▼ 49.0pp-35.5%below the sector's middle half▲ 24.6pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,140 in 2023 against €11,823 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €21,572
Fixed assets
€15,039 ▼ 23.5%
Current assets
€6,533 ▲ 1,026%
Key figures and ratios
EBITDA
-€2,530▲
2022 · -€6,913
Cash flow
-€3,054▲
2022 · -€7,245
Quick ratio
0.08▲
2022 · 0.00
Debt to equity
-1.45▲
2022 · -1.50
Interest coverage
-4.82▲
2022 · -20.82
Debt ≤ 1 year
€69,779▲
2022 · €60,772
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,610 | €4,610 | €4,610 | €4,910 | €4,610 | ▼ 6.1% |
| Other operating charges640/8 | - | - | €1,073 | €1,635 | €300 | ▼ 81.7% |
| Gross operating margin9900 | -€4,743 | -€2,403 | €1,963 | -€5,278 | -€2,230 | ▲ 57.7% |
| Operating profit (loss)9901 | -€11,882 | -€7,968 | -€3,720 | -€11,823 | -€7,140 | ▲ 39.6% |
| Financial charges65/66B | - | - | €176 | €332 | €525 | ▲ 58.0% |
| Recurring financial charges65 | €139 | €199 | €176 | €332 | €525 | ▲ 58.0% |
| Profit (loss) for the period before taxes9903 | -€12,038 | -€8,167 | -€3,896 | -€12,155 | -€7,664 | ▲ 36.9% |
| Profit (loss) for the period9904 | -€12,038 | -€8,167 | -€3,896 | -€12,155 | -€7,664 | ▲ 36.9% |
| Profit (loss) for the period to be appropriated9905 | -€12,038 | -€8,167 | -€3,896 | -€12,155 | -€7,664 | ▲ 36.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,185 | €29,777 | €35,222 | €20,229 | €21,572 | ▲ 6.6% |
| Fixed assets21/28 | €33,479 | €28,869 | €24,259 | €19,649 | €15,039 | ▼ 23.5% |
| Tangible fixed assets22/27 | €33,479 | €28,869 | €24,259 | €19,649 | €15,039 | ▼ 23.5% |
| Other tangible fixed assets26 | - | - | €24,259 | €19,649 | €15,039 | ▼ 23.5% |
| Current assets29/58 | €2,706 | €908 | €10,963 | €580 | €6,533 | ▲ 1,026% |
| Stocks and contracts in progress3 | €953 | €573 | €697 | €556 | €1,076 | ▲ 93.5% |
| Stocks30/36 | - | - | €697 | €556 | €1,076 | ▲ 93.5% |
| Amounts receivable within one year40/41 | €12 | €4 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,741 | €331 | €10,266 | €24 | €5,457 | ▲ 22,638% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,185 | €29,777 | €35,222 | €20,229 | €21,572 | ▲ 6.6% |
| Equity10/15 | -€16,325 | -€24,492 | -€28,388 | -€40,543 | -€48,208 | ▼ 18.9% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | €18,600 | - | - | - |
| Other1109/19 | - | - | €18,600 | - | - | - |
| Profit (loss) carried forward14 | -€34,925 | -€43,092 | -€46,988 | -€59,143 | -€66,808 | ▼ 13.0% |
| Amounts payable17/49 | €52,510 | €54,269 | €63,610 | €60,772 | €69,779 | ▲ 14.8% |
| Amounts payable within one year42/48 | €52,510 | €54,269 | €63,610 | €60,772 | €69,779 | ▲ 14.8% |
| Trade debts44 | €26,120 | €22,950 | €26,463 | €2,354 | €6,954 | ▲ 195% |
| Suppliers440/4 | - | - | €26,463 | €2,354 | €6,954 | ▲ 195% |
| Taxes, remuneration and social security45 | - | - | €365 | €1,226 | €4,656 | ▲ 280% |
| Taxes450/3 | - | - | €365 | €1,226 | €4,656 | ▲ 280% |
| Other amounts payable47/48 | - | - | €36,782 | €57,192 | €58,170 | ▲ 1.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,038 | -€8,167 | -€3,896 | -€12,155 | -€7,664 | ▲ 36.9% |
| + Depreciation and write-downs630 | €4,610 | €4,610 | €4,610 | €4,910 | €4,610 | ▼ 6.1% |
| Operating cash flow (approximation) | -€7,428 | -€3,557 | €714 | -€7,245 | -€3,054 | ▲ 57.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€300 | €0 | ▲ 100% |
| Change in cash | - | -€1,410 | €9,935 | -€10,242 | €5,433 | ▲ 153% |
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
2024
12-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 104 days late
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 206 days late
2022
31-12
Financial
Weakest financial yearnet -€12,155
Net result drops to -€12,155, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2017
Ground area
1,220 m²
Parcel 21562A0390/03_000, Brussels. Linked by address, not a title deed.
1 establishment unit
MARLO
since 20172.260.033.880
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0390/03_000indicative | Brussels | 1,220 m² | - | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel 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 siteSint-Gillis2.260.033.880
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,002 companies in sector 56301 we hold annual accounts for 4,896. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
56309Food and beverage service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668930014
Also
9925:BE0668930014
Registered
26-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.