TCM
The computed 12-month bankruptcy probability of TCM is 2.6% (moderate). The 2025 annual accounts show equity of €5k and a net result of €-6k. Equity is shrinking by ~21.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 35% of 1379 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €5k |
| Net result | €-6k |
| Better than sector | 35% |
| Active | 4 yrs |
Fragile profile, watch profitability in particular.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
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The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 9.5% | 23.3% | |
| Net result | €-6k | €8k | |
| Equity | €5k | €26k | |
| Gross operating margin | €19k | €36k | |
| Staff costs | €0 | €42k |
| Fiscal year | 2025 |
|---|---|
| Revenue | - |
| EBITDA | €9k |
| Net profit | €-6k |
| Cash flow | €4k |
| Staff costs | €0 |
| Income taxes | €590 |
| Dividends | - |
| Total assets | €52k |
| Equity | €5k |
| Debt | €47k |
| of which ≤ 1y | €35k |
| of which > 1y | €12k |
| Working capital | €-16k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 0.55 |
| Quick ratio | 0.41 |
| Working capital ratio | -30.5% |
| Solvency | 9.5% |
| Debt / equity | 9.57 |
| Long-term debt ratio | 2.38 |
| Interest coverage | 1.59 |
| Gross margin | - |
| Net margin | - |
| ROA | -11.1% |
| ROE | -117.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €52k |
| Fixed assets | 21/28 | €32k |
| Intangible fixed assets | 21 | €1 |
| Tangible fixed assets | 22/27 | €32k |
| Current assets | 29/58 | €20k |
| Stocks & contracts in progress | 3 | €5k |
| Amounts receivable within one year | 40/41 | €13k |
| Cash & bank | 54/58 | €1k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €52k |
| Equity | 10/15 | €5k |
| Contributions / capital | 10/11 | €5k |
| Reserves | 13 | €121 |
| Amounts payable | 17/49 | €47k |
| Amounts payable after one year | 17 | €12k |
| Amounts payable within one year | 42/48 | €35k |
| Trade debts payable within one year | 44 | €20k |
| Income statement | ||
| Gross operating margin | 9900 | €19k |
| Operating result | 9901 | €-596 |
| Financial income | 75 | €466 |
| Financial charges | 65 | €6k |
| Result before taxes | 9903 | €-5k |
| Income taxes | 67/77 | €590 |
| Net result for the period | 9904 | €-6k |
| Result to be appropriated | 9905 | €-6k |
| NACE primary | Retail trade(47279) |
| Legal form | Private limited company(610) |
| Incorporation | 17-12-2021 |
| Status | Active |
| Postal code | 8950 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33017C1016/00G000 | Flanders | 6,053 m² | 1 · 255 m² | 7.3 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
05-05-2026 General meeting · Officer resignation · Officer discharge · Approval
- Filing: 2026-04-22 · TСМ
- Publication: 2026-05-05 · TСМ
- General meeting: date: 2026-03-30, type: Bijzondere Algemene Vergadering · TСМ
- Officer resignation: role: bestuurder, effective_date: 2026-03-31 · Vercaemer Lieve
- Officer discharge: note: zal haar kwijting gegeven worden in de eerstvolgende jaarvergadering, status: pending · Vercaemer Lieve
- Approval: item: ontslag van Mevr. Vercaemer Lieve, voting: unanimiteit van stemmen, decision: aanvaarden · TСМ
- Mandate term: end_date: 2026-03-31 · Vercaemer Lieve
- Act object: Ontslag bestuurder
Technical details
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}21-12-2021 Incorporation of a new BV
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | TCM |