Equity
€199,254 ▼ 36.8%
TCMI paid out €155,555 in dividends. That is 392% of the 2025 profit.
TCMI
Lifetime
15 annual accounts with figures on one time axisGross marginpeak €115,204 (2016)
€75,734▼ 10.3%
Resultlowest -€6,660 (2013)
€39,710▼ 2.0%
Equitypeak €315,099 (2024)
€199,254▼ 36.8%
Debts
€31,325▲ 107%
Board2 names since 2010
2 directorsPhilippe MARECHAL and 1 other
Documentsfilings and deeds
24-07-20267 days before the deadline
2025micro format
Dividend €155,555Equity from €315,099 to €199,254Debts from €15,100 to €31,325
Key points
from the 2025 annual accountsChecked score
95
Excellent
Financially stronger than 58% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,826 companies (NACE 71, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.2%▲ +0.2 percentage points vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 7.31, cash €52,213
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Equity €199,254 (86.4% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 87% of them on solvency, 64% on liquidity, 64% on profitability and 14% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as TCMI has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of TCMI itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for TCMI. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.31 (21.6 in 2024), above the usual 1.5. Short-term debt is 13.6% and cash 22.6% of total assets. 13.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 days early
2024
on the day
2023
23 days late
2022
23 days late
2021
19 days late
2020
25 days late
2019
116 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 28 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved from Richelle to Visé
New registered office: Avenue Général Bertrand 26 à 4600 VISE · Previous registered office: Rue de La Vouée Juetta 26 B, 4600 Richelle · General meeting of 10-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0831740455
Reappointments: Philippe MARECHAL (director) and Pierre MARECHAL (director)
General meeting of 19-12-2023 · Gazette deed
First establishment
Avenue Général Bertrand 26, Visé
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| TCMI Visé | €230,579 | €75,734 | 86.4% | - |
| CAP ENERGIES Visé | €217,299 | €64,830 | 66.2% | - |
| GoldenGreen Chaudfontaine | €270,841 | €83,260 | 63.1% | - |
| VANDEGAR Technical Services Fléron | €264,761 | €66,077 | 61.0% | - |
| E.H. CONSULTING Seraing | €272,157 | €81,216 | 75.6% | - |
| CALCIS Liège | €244,864 | €84,705 | 69.0% | - |
| LEAN TECH Kortrijk | €230,786 | €76,107 | 71.4% | - |
These companies have the same main activity as TCMI: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €217,000 and €272,000, founded between 2011 and 2012.
Official details
Source: KBO- Status
- Active since 09-12-2010Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 1 other
- Establishment unit
- 2.194.349.3414600 Visé, since 01-01-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 29-07-2025
Annual accounts 2025
- Turnover
- ≈ €160,000estimated
- Total assets
- €230,579▼ 30.2%
- Staff
- ≈ 0.6 FTEestimated
- Filing
- Filed on 24-07-2026, 7 days before the end of the filing period
Insights on TCMI
TCMI files the micro format. That format states no turnover. The gross margin rose from €46,607 in 2011 to €75,734 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TCMI
- What is the company number of TCMI?
- The company number of TCMI is 0831.740.455. The VAT number is the same number with BE in front: BE 0831.740.455.
- Where is TCMI based?
- The registered office is at Avenue Général Bertrand 26, 4600 Visé.Company details
- What does TCMI do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of TCMI?
- TCMI is a private limited company (BV).
- When was TCMI founded?
- TCMI was founded on 09-12-2010.
- Is TCMI still active?
- Yes, TCMI is an active enterprise in the KBO register.
- What is the turnover of TCMI?
- The turnover in financial year 2025 is ≈ €160,000. This figure is estimated from the gross margin of €75,734 and 45 comparable companies (NACE 711). It probably lies between €120,000 and €220,000.Financials
- Is TCMI profitable?
- In financial year 2025, TCMI made a profit of €39,710.
- Where can I find the annual accounts of TCMI?
- TCMI filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TCMI due?
- TCMI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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