TCVE
ActiveSummary
TCVE has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€192,781) and a net result of €2,689. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 8% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
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Signals
This company filed its last 6 accounts on average 23 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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History
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Financials · fiscal year 2024, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 522 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.
- Small
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 522 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.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,752 | €38,432 | €41,612 | €39,758 | €36,138 | ▼ 9.1% |
| Other operating charges640/8 | - | €1,586 | €1,704 | €1,873 | €4,850 | ▲ 159% |
| Gross operating margin9900 | €100,540 | €43,573 | €40,622 | €41,775 | €50,398 | ▲ 20.6% |
| Operating profit (loss)9901 | €60,011 | €3,554 | -€2,693 | €144 | €9,410 | ▲ 6,453% |
| Recurring financial income75 | €3 | - | - | - | - | - |
| Financial charges65/66B | - | €8,853 | €8,629 | €7,881 | €6,640 | ▼ 15.7% |
| Recurring financial charges65 | €9,550 | €8,853 | €8,629 | €7,881 | €6,640 | ▼ 15.7% |
| Profit (loss) for the period before taxes9903 | €50,464 | -€5,299 | -€11,321 | -€7,737 | €2,770 | ▲ 136% |
| Income taxes67/77 | - | €18 | €189 | €196 | €81 | ▼ 58.6% |
| Profit (loss) for the period9904 | €50,464 | -€5,317 | -€11,511 | -€7,934 | €2,689 | ▲ 134% |
| Profit (loss) for the period to be appropriated9905 | €50,464 | -€5,317 | -€11,511 | -€7,934 | €2,689 | ▲ 134% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €520,025 | €493,631 | €456,539 | €484,497 | €466,897 | ▼ 3.6% |
| Fixed assets21/28 | €512,606 | €486,847 | €450,248 | €475,240 | €439,102 | ▼ 7.6% |
| Tangible fixed assets22/27 | €512,606 | €486,847 | €450,248 | €475,240 | €439,102 | ▼ 7.6% |
| Land and buildings22 | - | €302,913 | €288,375 | €274,963 | €262,609 | ▼ 4.5% |
| Plant, machinery and equipment23 | - | €181,442 | €160,797 | €199,532 | €176,079 | ▼ 11.8% |
| Furniture and vehicles24 | - | €2,493 | €1,076 | €745 | €414 | ▼ 44.4% |
| Current assets29/58 | €7,419 | €6,784 | €6,291 | €9,256 | €27,794 | ▲ 200% |
| Amounts receivable within one year40/41 | €6,178 | €3,323 | €4,771 | €7,994 | €25,457 | ▲ 218% |
| Trade receivables40 | - | €2,925 | €4,725 | €6,158 | €24,210 | ▲ 293% |
| Other amounts receivable41 | - | €398 | €46 | €1,836 | €1,247 | ▼ 32.1% |
| Cash at bank and in hand54/58 | €1,241 | €3,462 | €1,498 | €1,263 | €2,338 | ▲ 85.1% |
| Deferred charges and accrued income490/1 | - | - | €22 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €520,025 | €493,631 | €456,539 | €484,497 | €466,897 | ▼ 3.6% |
| Equity10/15 | -€170,708 | -€176,025 | -€187,536 | -€195,470 | -€192,781 | ▲ 1.4% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Outside capital11 | - | - | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€189,308 | -€194,625 | -€206,136 | -€214,070 | -€211,381 | ▲ 1.3% |
| Amounts payable17/49 | €690,733 | €669,657 | €644,075 | €679,967 | €659,677 | ▼ 3.0% |
| Amounts payable after more than one year17 | €437,686 | €397,051 | €355,668 | €313,523 | €270,603 | ▼ 13.7% |
| Financial debts170/4 | - | €397,051 | €355,668 | €313,523 | €270,603 | ▼ 13.7% |
| Amounts payable within one year42/48 | €253,047 | €272,606 | €288,407 | €366,443 | €387,996 | ▲ 5.9% |
| Current portion of amounts payable after more than one year42 | - | €40,635 | €41,383 | €42,145 | €42,920 | ▲ 1.8% |
| Trade debts44 | €1,178 | €1,274 | €857 | €3,930 | €506 | ▼ 87.1% |
| Suppliers440/4 | - | €1,274 | €857 | €3,930 | €506 | ▼ 87.1% |
| Taxes, remuneration and social security45 | - | €2,578 | €447 | €196 | €81 | ▼ 58.6% |
| Taxes450/3 | - | €2,578 | €447 | - | €81 | - |
| Remuneration and social security454/9 | - | - | - | €196 | - | - |
| Other amounts payable47/48 | - | €228,119 | €245,720 | €320,172 | €344,488 | ▲ 7.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,078 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,464 | -€5,317 | -€11,511 | -€7,934 | €2,689 | ▲ 134% |
| + Depreciation and write-downs630 | €38,752 | €38,432 | €41,612 | €39,758 | €36,138 | ▼ 9.1% |
| Operating cash flow (approximation) | €89,216 | €33,115 | €30,101 | €31,824 | €38,827 | ▲ 22.0% |
| Investment in fixed assets (approximation) | - | -€12,673 | -€5,013 | -€64,750 | €0 | ▲ 100% |
| Change in cash | - | €2,221 | -€1,964 | -€235 | €1,075 | ▲ 557% |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92029E0046/00R002 | Wallonia | 1,274 m² | 1 · 178 m² | - |
Linked by address, not proof of ownership
Similar companies · same sector and region
Identification & contact
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Register as of 28 September 2026 · Peppol Directory
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