TAMU
ActiveSummary
TAMU has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €99,304 and a net result of €9,548. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 262 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+59
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 4.95 against 4.42 in 2024; short-term debt: 20.2% and cash: 24.5% of total assets), and 20.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 61
Relative position
BE, all sectors
reference
Telecommunications (NACE 61)
about 159% more bankruptcies
← 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
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
79.8%
Return on assets
7.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
14 d late
2022
11 d late
2021
29 d late
2020
30 d late
2018
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€99,304▲ 10.6%
2024 · €89,756
Total assets
€124,463▲ 7.3%
2024 · €115,990
Net result
€9,548▲ 6,666%
2024 · €141
Working capital
€99,304▲ 10.6%
2024 · €89,756
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 61, Telecommunications, 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
Line20212022202320242025
Operating result€7,943▲ 2.7%€1,830▼ 77.0%€4,421▲ 142%-€2,583€10,905
Net result€3,904within the sector's middle half▼ 65.0%-€10,699below the sector's middle half€5,536within the sector's middle half€141within the sector's middle half▼ 97.5%€9,548within the sector's middle half▲ 6,666%
Equity€94,778within the sector's middle half▲ 4.3%€84,078within the sector's middle half▼ 11.3%€89,615within the sector's middle half▲ 6.6%€89,756within the sector's middle half▲ 0.2%€99,304within the sector's middle half▲ 10.6%
Total assets€105,501within the sector's middle half▲ 4.0%€105,717within the sector's middle half▲ 0.2%€111,581within the sector's middle half▲ 5.5%€115,990within the sector's middle half▲ 4.0%€124,463within the sector's middle half▲ 7.3%
Debt€10,723▲ 1.3%€21,639▲ 102%€21,966▲ 1.5%€26,234▲ 19.4%€25,159▼ 4.1%
Working capital€94,778▲ 4.3%€83,832▼ 11.5%€90,016▲ 7.4%€89,756▼ 0.3%€99,304▲ 10.6%
Solvency89.8%above the sector's middle half▲ 0.3pp79.5%above the sector's middle half▼ 10.3pp80.3%above the sector's middle half▲ 0.8pp77.4%above the sector's middle half▼ 2.9pp79.8%above the sector's middle half▲ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 61, Telecommunications, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €10,905 after a loss of €2,583 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €124,463
Equity
€99,304 ▲ 10.6%
Debt
€25,159 ▼ 4.1%
Debt's share of the balance-sheet total falls from 22.6% to 20.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€10,905▲
2024 · -€2,550
Cash flow
€9,548▲
2024 · €174
Current ratio
4.95▲
2024 · 4.42
Quick ratio
2.36▲
2024 · 2.31
Debt to equity
0.25▼
2024 · 0.29
ROE
9.6%▲
2024 · 0.2%
ROA
7.7%▲
2024 · 0.1%
Interest coverage
17.44▲
2024 · -7.23
Debt ≤ 1 year
€25,159▼
2024 · €26,234
Income taxes
€2,758▲
2024 · €184
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
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: 1.0% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €978 | €33 | €0 | ▼ 100% |
| Other operating charges640/8 | €3,211 | €3,625 | €3,589 | €3,922 | €3,472 | ▼ 11.5% |
| Gross operating margin9900 | €11,154 | €5,455 | €8,988 | €1,372 | €14,378 | ▲ 948% |
| Operating profit (loss)9901 | €7,943 | €1,830 | €4,421 | -€2,583 | €10,905 | ▲ 522% |
| Financial income75/76B | €5,148 | €5,707 | €3,029 | €3,261 | €2,026 | ▼ 37.9% |
| Recurring financial income75 | €5,148 | €5,707 | €3,029 | €3,261 | €2,026 | ▼ 37.9% |
| Financial charges65/66B | -€12 | €139 | €411 | €353 | €625 | ▲ 77.3% |
| Recurring financial charges65 | -€12 | €139 | €411 | €353 | €625 | ▲ 77.3% |
| Profit (loss) for the period before taxes9903 | €13,102 | €7,399 | €7,039 | €325 | €12,306 | ▲ 3,682% |
| Income taxes67/77 | €9,198 | €18,099 | €1,503 | €184 | €2,758 | ▲ 1,396% |
| Profit (loss) for the period9904 | €3,904 | -€10,699 | €5,536 | €141 | €9,548 | ▲ 6,666% |
| Profit (loss) for the period to be appropriated9905 | €3,904 | -€10,699 | €5,536 | €141 | €9,548 | ▲ 6,666% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,501 | €105,717 | €111,581 | €115,990 | €124,463 | ▲ 7.3% |
| Fixed assets21/28 | - | €246 | €598 | €0 | - | - |
| Tangible fixed assets22/27 | - | - | €33 | €0 | - | - |
| Plant, machinery and equipment23 | - | - | €33 | €0 | - | - |
| Financial fixed assets28 | - | €246 | €565 | €0 | - | - |
| Current assets29/58 | €105,501 | €105,471 | €110,982 | €115,990 | €124,463 | ▲ 7.3% |
| Stocks and contracts in progress3 | €13,006 | €13,006 | €30,257 | €55,369 | €64,986 | ▲ 17.4% |
| Stocks30/36 | €13,006 | €13,006 | €30,257 | €55,369 | €64,986 | ▲ 17.4% |
| Amounts receivable within one year40/41 | €85,111 | €80,569 | €68,799 | €49,577 | €28,962 | ▼ 41.6% |
| Other amounts receivable41 | €85,111 | €80,569 | €68,799 | €49,577 | €28,962 | ▼ 41.6% |
| Cash at bank and in hand54/58 | €7,383 | €11,896 | €11,926 | €11,044 | €30,516 | ▲ 176% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,501 | €105,717 | €111,581 | €115,990 | €124,463 | ▲ 7.3% |
| Equity10/15 | €94,778 | €84,078 | €89,615 | €89,756 | €99,304 | ▲ 10.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €41,884 | €41,884 | €41,884 | €41,884 | €41,884 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €40,024 | €40,024 | €41,884 | €41,884 | €41,884 | = |
| Profit (loss) carried forward14 | €34,294 | €23,595 | €29,131 | €29,272 | €38,820 | ▲ 32.6% |
| Amounts payable17/49 | €10,723 | €21,639 | €21,966 | €26,234 | €25,159 | ▼ 4.1% |
| Amounts payable within one year42/48 | €10,723 | €21,639 | €20,966 | €26,234 | €25,159 | ▼ 4.1% |
| Trade debts44 | €2,521 | €11,761 | €18,385 | €24,547 | €22,166 | ▼ 9.7% |
| Suppliers440/4 | €2,521 | €11,761 | €18,385 | €24,547 | €22,166 | ▼ 9.7% |
| Taxes, remuneration and social security45 | €8,202 | €9,878 | €2,581 | €1,687 | €2,994 | ▲ 77.4% |
| Taxes450/3 | €8,202 | €9,878 | €2,581 | €1,687 | €2,994 | ▲ 77.4% |
| Accrued charges and deferred income492/3 | - | - | €1,000 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,904 | -€10,699 | €5,536 | €141 | €9,548 | ▲ 6,666% |
| + Depreciation and write-downs630 | €0 | - | €978 | €33 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €3,904 | -€10,699 | €6,514 | €174 | €9,548 | ▲ 5,377% |
| Investment in fixed assets (approximation) | - | - | -€1,330 | €565 | - | - |
| Change in cash | - | €4,513 | €29 | -€882 | €19,472 | ▲ 2,308% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
14-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
31-12
Financial
Back to profitnet €5,536
Net result €5,536 after one loss-making year.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Weakest financial yearnet -€10,699
Net result drops to -€10,699, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
07-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 494 days late
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2016
06-07
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.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Antwerpen · 1 establishment unit since 2007
Ground area
101 m²
Building footprint
101 m²
Volume, LiDAR
879 m³
Parcel 11302A0086/00P002, Flanders · tallest building 10.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Everest 1
since 20072.160.569.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11302A0086/00P002 | Flanders | 101 m² | 1 · 101 m² | 10.8 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.160.569.189
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Of 1,372 companies in sector 61100 we hold annual accounts for 590. 409 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
61100Wired, wireless and satellite telecommunications
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886304341
Also
9925:BE0886304341
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.