TAM PROJECT
ActiveTAM PROJECT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42k and a net result of €16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 22% of 9450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability78▼-11
Solvency45▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.96 in 2024; short-term debt: 75.6% and cash: 0.5% of total assets), and 80.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.9%
Return on assets
7.6%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9450 sector peers (2025).
NBB · sector comparisonPosition among 9450 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-05-2026, 28 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
15 d late
2023
7 d early
2022
24 d late
2021
1 d early
2020
16 d early
2019
14 d late
← before the deadline
after the deadline →
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
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€42k▲ 62.1%
2024 · €26k
2019: €7k
2020: €-5k
2021: €-10k
2022: €-13k
2023: €-2k
2024: €26k
2019 → 2025
Total assets
€213k▲ 23.1%
2024 · €173k
2019: €30k
2020: €35k
2021: €44k
2022: €81k
2023: €63k
2024: €173k
2019 → 2025
Net result
€16k▼ 41.3%
2024 · €28k
2019: €1k
2020: €-13k
2021: €-5k
2022: €-3k
2023: €11k
2024: €28k
2019 → 2025
Working capital
€18k
2024 · €-5k
2019: €-2k
2020: €-12k
2021: €-15k
2022: €-37k
2023: €-24k
2024: €-5k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-10k-€-13k▼ 27.8%€-2k▲ 87.8%€26k€42k▲ 62.1%
Operating result€-4k-€-3k▲ 24.4%€16k€39k▲ 149%€22k▼ 43.3%
Net result€-5k-€-3k▲ 40.9%€11k€28k▲ 151%€16k▼ 41.3%
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 2025; 2025 is 43% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €213k
Fixed assets
€34k▼ 18.5%
Current assets
€179k▲ 36.1%
Equity and liabilities €213k
Equity
€42k▲ 62.1%
Debt
€171k▲ 16.2%
The debt ratio falls from 84.9% to 80.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30k▼
2024 · €47k
Cash flow
€24k▼
2024 · €35k
Solvency
19.9%▲
2024 · 15.1%
Current ratio
1.11▲
2024 · 0.96
Quick ratio
1.11▲
2024 · 0.96
Debt / equity
4.04▼
2024 · 5.63
ROE
38.3%▼
2024 · 105.9%
ROA
7.6%▼
2024 · 16.0%
Interest coverage
312.36▲
2024 · 10.32
Debt
€171k▲
2024 · €147k
Debt ≤ 1 year
€161k▲
2024 · €137k
Debt > 1 year
€10k=
2024 · €10k
Income taxes
€6k▼
2024 · €14k
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€173k€213k▲
Fixed assets21/28€41k€34k▼
Tangible fixed assets22/27€26k€18k▼
Plant, machinery and equipment23€10k€9k▼
Furniture and vehicles24€16k€10k▼
Financial fixed assets28€15k€15k=
Current assets29/58€132k€179k▲
Amounts receivable within one year40/41€130k€175k▲
Trade receivables40-€40k
Other amounts receivable41€130k€135k▲
Cash at bank and in hand54/58€145€1k▲
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€173k€213k▲
Equity10/15€26k€42k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€20k€36k▲
Amounts payable17/49€147k€171k▲
Amounts payable after more than one year17€10k€10k=
Financial debts170/4€10k€10k=
Amounts payable within one year42/48€137k€161k▲
Current portion of amounts payable after more than one year42€6k€2k▼
Trade debts44€973€6k▲
Suppliers440/4€973€6k▲
Advances received on contracts in progress46€590€590=
Taxes, remuneration and social security45€35k€58k▲
Taxes450/3€35k€53k▲
Remuneration and social security454/9-€5k
Other amounts payable47/48€94k€95k▲
Accrued charges and deferred income492/3€500-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▼
Other operating charges640/8€772€456▼
Non-recurring operating charges66A€51-
Gross operating margin9900€48k€30k▼
Operating profit (loss)9901€39k€22k▼
Financial income75/76B€6k-
Recurring financial income75€6k-
Financial charges65/66B€5k€96▼
Recurring financial charges65€5k€96▼
Profit (loss) for the period before taxes9903€41k€22k▼
Income taxes67/77€14k€6k▼
Profit (loss) for the period9904€28k€16k▼
Profit (loss) for the period to be appropriated9905€28k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€20k€36k▲
Profit (loss) brought forward from the previous period14P€-8k€20k▲
The notes to these accounts (7 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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
30-09
Financial
Highest result since 2019net €28k ▲151%
Operating result €39k, net result €28k, both a record.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
24-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-13k ▼1214%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
14-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Genappe · 1 establishment unit since 2018
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.
Rue Nicolas Lebrun 101470 GenappeGround area
1,578 m²
Building footprint
496 m²
Volume, LiDAR
2,911 m³
Parcel 25031A0623/00X004, Wallonia · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TAM PROJECT
since 20182.283.871.730
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25031A0623/00X004 | Wallonia | 1,578 m² | 1 · 496 m² | 9.7 m · 2 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.
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Studio Penelope
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LENTO INTERIORS
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Habitus
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STEELANDT.DECLERCQ ARCHITECTEN
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 1,067 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-12-2018
Fiscal year end30-09
Activities, NACEBEL
71112Activities of interior architects
68121Development of residential building projects
68122Development of non-residential building projects
70200Business and other management consultancy
70220Business consulting
74112Other professional, scientific and technical activities
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.