Financials
- Fiscal year
- 2025
- Turnover
- €23.5m
- Loss
- -€1.3m
- Solvency
- 11.3%
Turnover▼ 9.7%
Net result
20222025
TB
ActiveSummary
The computed 12-month bankruptcy probability of TB is 4.9% (elevated). The 2025 annual accounts show equity of €644,418 and a net result of -€1.3m. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 22% of 4889 sector peers (fiscal year 2025). The company has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811NACE 45113NACE 50103
4 sites
Size
€23.5mturnover 2025
- Staff
- 18.2 FTE
- Equity
- €644,418
- Loss
- -€1.3m
Structure
- Parent
- SAAEM SA
Accounts 56 d early0 of 22 deeds read
Why 35- Loss of €1.3m (FY 2025)- Equity €644,418 (11.3% of total assets)- Liquidity: current ratio 1.15, cash €152,498, halved- Sector Retail trade (NACE 47)Show the evidence
Checked score
Score 2025
35
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 11% of its sector peers (NACE 47, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
36-9
equity 11.3% of total assets
Liquidity
5-12
short-term debt 87.1% · cash 2.7%
Profitability
1-37
return on assets -22.9%
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.1%
12-2024: 1.1%▲ +2.8% vs 11-2024
01-2025: 0.4%▼ -60.7% vs 12-2024lowest value
02-2025: 0.8%▲ +72.0% vs 01-2025
03-2025: 0.8%● 0.0% vs 02-2025
04-2025: 0.8%● 0.0% vs 03-2025
05-2025: 0.8%● 0.0% vs 04-2025
06-2025: 0.8%● 0.0% vs 05-2025
07-2025: 0.8%● 0.0% vs 06-2025
08-2025: 0.7%▼ -3.4% vs 07-2025
09-2025: 0.7%▲ +2.5% vs 08-2025
10-2025: 0.8%▲ +4.4% vs 09-2025
11-2025: 0.9%▲ +20.5% vs 10-2025
12-2025: 0.9%▼ -0.6% vs 11-2025
01-2026: 1.0%▲ +7.4% vs 12-2025
02-2026: 1.5%▲ +50.3% vs 01-2026
03-2026: 1.9%▲ +28.4% vs 02-2026
04-2026: 3.1%▲ +58.9% vs 03-2026
05-2026: 3.1%▲ +2.0% vs 04-2026
06-2026: 3.6%▲ +15.1% vs 05-2026
07-2026: 4.9%▲ +36.5% vs 06-2026highest value
08-2026: 4.9%● 0.0% vs 07-2026highest value
09-2026: 4.9%● 0.0% vs 08-2026highest value
10-2026: 4.9%● 0.0% vs 09-2026highest value
- Loss of €1.3m (FY 2025) raises the probability
- Equity €644,418 (11.3% of total assets) raises the probability
- Liquidity: current ratio 1.15, cash €152,498, halved raises the probability
- Sector Retail trade (NACE 47) raises the probability
Credit up to €22,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.15 against 1.25 in 2024; short-term debt: 87.1% and cash: 2.7% of total assets), and 88.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, small). Better than this share of them on solvency 24%, liquidity 5%, profitability 5%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4889 sector peers (2025).
NBB · sector comparisonPosition among 4889 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
56 d early
2024
46 d early
2023
44 d early
2022
40 d early
2021
39 d early
2020
25 d early
2018
50 d early
← 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 43 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€1.3m
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Board & ownership
- Parent
- SAAEM SA
Timeline
- Events
- 14
- Since
- 2016
- 05-06-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 16-12-2024Annual accounts filed
Company details
- Sites
- 4
- Legal form
- Public limited company
- Activity
- Retail sale of cars and light vans (up…NACE 47811
- Founded
- 14-11-1989
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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 Is the workforce growing, and do people stay?Employer check 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
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