Age6 yrs
Real estate1 parcel · 3.1 ha
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for TDM INVESTMENT according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €45k and a net result of €-57k.
Based on the State Gazette, CBE and 2 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events10-09-2024
Bankruptcy
Opening
Signals
Insufficient current data: the most recent filed accounts (financial year 2023) are too old to derive current signals.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
Latest accounts filed on time
The financial year that closed on 31-03-2023 was due by 31-10-2023 and was filed on 26-10-2023, 5 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2023, that is 31-10-2023.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-03-2025 | 31-10-2025 | nothing on record | not filed | - |
| 31-03-2024 | 31-10-2024 | nothing on record | not filed | - |
| 31-03-2023 | 31-10-2023 | 26-10-2023 | 5 d early | 2023-00493192 |
| 31-03-2022 | 31-10-2022 | 03-11-2022 | 3 d late | 2022-20516843 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-57k
Working capital€-84k+48.4%
Directors1
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 26-10-2023 with the NBB · fiscal year 2023 · verkort
Sector comparison
Fiscal year 2023 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 8.0% | 13.5% | |
| Net result | €-57k | €457 | |
| Equity | €45k | €94k | |
| Gross operating margin | €54k | €43k | |
| Employees (FTE) | 0.0 | 0.0 |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€19k
-84.8%
22-23
€-57k
-
22-23
€522
-99.5%
22-23
€566k
-27.9%
22-23
€45k
-55.8%
22-23
€-84k
+48.4%
22-23
0
-
22-23
€298
-97.8%
22-23
€521k
-23.7%
22-23
€472k
+67.4%
22-23
€49k
-87.8%
22-23
0.82
+93.7%
22-23
0.82
+93.7%
22-23
8.0%
-38.7%
22-23
11.52
+72.4%
22-23
-126.1%
-
22-23
-10.1%
-
22-23
1.04
-86.2%
22-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €19k |
| Net profit | €-57k |
| Cash flow | €522 |
| Staff costs | - |
| Income taxes | €298 |
| Dividends | - |
| Total assets | €566k |
| Equity | €45k |
| Debt | €521k |
| of which ≤ 1y | €472k |
| of which > 1y | €49k |
| Working capital | €-84k |
| Employees (FTE) | 0.0 |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.82 |
| Quick ratio | 0.82 |
| Working capital ratio | -14.8% |
| Solvency | 8.0% |
| Debt / equity | 11.52 |
| Long-term debt ratio | 1.08 |
| Interest coverage | 1.04 |
| Gross margin | - |
| Net margin | - |
| ROA | -10.1% |
| ROE | -126.1% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €566k |
| Fixed assets | 21/28 | €178k |
| Tangible fixed assets | 22/27 | €176k |
| Financial fixed assets | 28 | €2k |
| Current assets | 29/58 | €388k |
| Amounts receivable within one year | 40/41 | €388k |
| Cash & bank | 54/58 | €149 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €566k |
| Equity | 10/15 | €45k |
| Contributions / capital | 10/11 | €50k |
| Reserves | 13 | €50k |
| Accumulated profits (losses) | 14 | €-55k |
| Amounts payable | 17/49 | €521k |
| Amounts payable after one year | 17 | €49k |
| Amounts payable within one year | 42/48 | €472k |
| Trade debts payable within one year | 44 | €86k |
| Income statement | ||
| Gross operating margin | 9900 | €54k |
| Operating result | 9901 | €-39k |
| Financial income | 75 | €108 |
| Financial charges | 65 | €18k |
| Result before taxes | 9903 | €-57k |
| Income taxes | 67/77 | €298 |
| Net result for the period | 9904 | €-57k |
| Result to be appropriated | 9905 | €-57k |
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
1 directorFormer directors (1)
-
Gaëlle MaasDirectorState Gazette act 23143703 (13-11-2023)Former- → 13-11-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | CHRISTOPHE DEGRYSE KORTRIJKSESTEENWEG 361,
9000 GENT |
21-08-2024 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen(68201) |
| Legal form | Private limited company(610) |
| Incorporation | 16-04-2020 |
| Status | Active |
| Postal code | - |
| First BS signal | 10-09-2024 |
| Latest BS signal | 10-09-2024 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Establishment units
1 locationTDM INVESTMENT
since 20202.302.445.052
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3.1 ha
Buildings1
Building footprint1.1 ha
Volume (LiDAR)90,413 m³
Tallest building14.2 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352F0323/00K000 | Flanders | 3.1 ha | 1 · 1.1 ha | 14.2 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette10-09-2024
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 2 years ago
2023
13-11-2023 Gaëlle Maas resigns as director
Analysis
Snowflake analysis
financial profile on 5 axes9
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
0
Solvency
13
Growth
32
Stability
0
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Credit advice
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Company registry
Company registry (CBE)
Crossroads BankActivities
Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Activiteiten van hoofdkantoren70100Activiteiten van hoofdkantoren70100Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Lease van intellectuele eigendom en vergelijkbare producten, met uitzondering van werken onder auteursrecht77400Lease van intellectuele eigendom en vergelijkbare producten, met uitzondering van werken onder auteursrecht77400
Primary activity highlighted.
Names & trade names
| Legal nameNL | TDM INVESTMENT |
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.