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Tamaris Development

Active
Private limited companyfounded 20233 yrs activeEdmond Machtenslaan 134, 1080 Sint-Jans-Molenbeek, BelgiumKBO/BCE: BE 0802.205.044
Summary

The computed 12-month bankruptcy probability of Tamaris Development is 5.5% (elevated). The 2024 annual accounts show equity of €10,739 and a net result of €739. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability38
Solvency25
Growth-
Track record79
Bankruptcy probability, 12 months
5.5% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity ample (current ratio 3.02; short-term debt: 33.1% and cash: 1.1% of total assets), but 99.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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 · 1 filing
Deviation from the deadline
2024
12 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2024 accounts 12 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Tamaris Development was incorporated on 30 May 2023 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€739
Working capital
€2.5m
Balance-sheet composition
Equity and liabilities €3.7m
Equity €10,739
Debt €3.7m
Debt finances 99.7% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
-€3,803
Cash flow
€2,728
Current ratio
3.02
Quick ratio
0.10
ROE
6.9%
ROA
0.0%
Debt ≤ 1 year
€1.2m
Debt > 1 year
€2.5m
Income taxes
€185
A ratio outside any meaningful range has been withheld (balance sheet total €3.7m, equity €10,739).

Peer companies

Historical observation

Of the 1,514 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 96% are still going.

  • Small
  • 2 to 5 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
1.5% stopped otherwise
96% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,514 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 32 lines
Balance sheet Code2024
Assets
Total assets20/58€3.7m
Current assets29/58€3.7m
Stocks and contracts in progress3€3.6m
Stocks30/36€3.6m
Amounts receivable within one year40/41€82,217
Other amounts receivable41€82,217
Cash at bank and in hand54/58€38,750
Equity and liabilities
Total equity and liabilities10/49€3.7m
Equity10/15€10,739
Contributions10/11€10,000
Profit (loss) carried forward14€739
Amounts payable17/49€3.7m
Amounts payable after more than one year17€2.5m
Financial debts170/4€2.5m
Amounts payable within one year42/48€1.2m
Trade debts44€115,898
Suppliers440/4€115,898
Taxes, remuneration and social security45€185
Taxes450/3€185
Other amounts payable47/48€1.1m
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,989
Other operating charges640/8€400
Gross operating margin9900-€3,403
Operating profit (loss)9901-€5,792
Financial income75/76B€6,715
Recurring financial income75€6,715
Profit (loss) for the period before taxes9903€923
Income taxes67/77€185
Profit (loss) for the period9904€739
Profit (loss) for the period to be appropriated9905€739
Appropriation of the result
Profit (loss) to be appropriated9906€739
Social balance
Average headcount (FTE)90870.0

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,989
Other operating charges640/8€400
Gross operating margin9900-€3,403
Operating profit (loss)9901-€5,792
Financial income75/76B€6,715
Recurring financial income75€6,715
Profit (loss) for the period before taxes9903€923
Income taxes67/77€185
Profit (loss) for the period9904€739
Profit (loss) for the period to be appropriated9905€739
Line2024
Assets
Total assets20/58€3.7m
Current assets29/58€3.7m
Stocks and contracts in progress3€3.6m
Stocks30/36€3.6m
Amounts receivable within one year40/41€82,217
Other amounts receivable41€82,217
Cash at bank and in hand54/58€38,750
Equity and liabilities
Total equity and liabilities10/49€3.7m
Equity10/15€10,739
Contributions10/11€10,000
Profit (loss) carried forward14€739
Amounts payable17/49€3.7m
Amounts payable after more than one year17€2.5m
Financial debts170/4€2.5m
Amounts payable within one year42/48€1.2m
Trade debts44€115,898
Suppliers440/4€115,898
Taxes, remuneration and social security45€185
Taxes450/3€185
Other amounts payable47/48€1.1m
Line2024
Profit (loss) for the period9904€739
+ Depreciation and write-downs630€1,989
Operating cash flow (approximation)€2,728

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
12-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 12 days late
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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-Jans-Molenbeek · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
3,225 m²
Building footprint
2,598 m²
Volume, LiDAR
31,548 m³
Parcel 21524C0249/00F000, Brussels · tallest building 30.2 m, ±1 floor. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
Tamaris Development
Edmond Machtenslaan 134, 1080 Sint-Jans-MolenbeekReal estate development
since 20232.345.623.811
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21524C0249/00F000 Brussels 3,225 m² 1 · 2,598 m² 30.2 m · 1 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. QUEEN'S LANE PROPERTIES 100%
  2. Tamaris Development

Highest known parent: QUEEN'S LANE PROPERTIES. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded30-05-2023
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802205044
Registered 31-12-2025

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.