TG
Open bankruptcyA bankruptcy procedure is open for TG according to publications in the Belgian State Gazette; curator: JEROME HENRI.
Summary
The file additionally contains 2 judicial reorganisation notices and 1 administrative flag. The 2024 annual accounts show negative equity (€-53k) and a net result of €4k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2024 was due by 31-10-2024 and was filed on 31-10-2024, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
on the day
2023
251 d late
2022
301 d late
2021
380 d late
2020
193 d late
2019
34 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Turnover
€197k
EBIT margin
10.1%
Net result
€4k▲ 252%
2023 · €1k
Working capital
€-52k▲ 9.3%
2023 · €-57k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€197k
Operating result€-48k▼ 5.7%€20k€-1k€1k€4k▲ 181%
Net result€-73k▼ 52.1%€18k€-2k€1k€4k▲ 252%
EBIT margin10.1%
Equity€-74k▼ 12,422%€-56k▲ 23.9%€-58k▼ 3.1%€-57k▲ 1.8%€-53k▲ 6.6%
Total assets€68k▼ 52.2%€65k▼ 3.8%€127k▲ 94.9%€36k▼ 72.0%€43k▲ 21.4%
Debt€137k▼ 0.8%€117k▼ 14.7%€181k▲ 54.5%€88k▼ 51.3%€92k▲ 4.4%
Working capital€-82k▼ 640%€-66k▲ 19.9%€-62k▲ 5.5%€-57k▲ 8.7%€-52k▲ 9.3%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 181% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43k
Fixed assets
€3k ▼ 34.0%
Current assets
€40k ▲ 29.6%
Key figures and ratios
EBITDA
€6k▼
2023 · €6k
Cash flow
€5k▼
2023 · €5k
Solvency
-122.4%▲
2023 · -159.2%
Current ratio
0.44▲
2023 · 0.35
Debt to equity
-1.74▼
2023 · -1.55
ROA
8.7%▲
2023 · 3.0%
Interest coverage
14.83▲
2023 · 13.45
Debt ≤ 1 year
€92k▲
2023 · €88k
Staff costs
€80k▲
2023 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €197k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €107k | - | - | - | - |
| Remuneration, social security and pensions62 | - | €70k | €76k | €68k | €80k | ▲ 16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | - | €4k | €4k | €2k | ▼ 64.5% |
| Other operating charges640/8 | - | - | €1k | €812 | €942 | ▲ 16.0% |
| Gross operating margin9900 | €110k | €89k | €80k | €75k | €87k | ▲ 15.4% |
| Operating profit (loss)9901 | €-48k | €20k | €-1k | €1k | €4k | ▲ 181% |
| Financial income75/76B | - | - | - | €29 | - | - |
| Recurring financial income75 | - | - | - | €29 | - | - |
| Financial charges65/66B | - | €2k | €504 | €434 | €383 | ▼ 11.7% |
| Recurring financial charges65 | €1k | €2k | €504 | €434 | €383 | ▼ 11.7% |
| Profit (loss) for the period before taxes9903 | €-49k | €18k | €-2k | €1k | €4k | ▲ 252% |
| Income taxes67/77 | €24k | - | - | - | - | - |
| Profit (loss) for the period9904 | €-73k | €18k | €-2k | €1k | €4k | ▲ 252% |
| Profit (loss) for the period to be appropriated9905 | €-73k | €18k | €-2k | €1k | €4k | ▲ 252% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €68k | €65k | €127k | €36k | €43k | ▲ 21.4% |
| Fixed assets21/28 | €13k | €14k | €9k | €5k | €3k | ▼ 34.0% |
| Tangible fixed assets22/27 | €13k | €14k | €9k | €4k | €3k | ▼ 34.6% |
| Furniture and vehicles24 | - | €14k | €9k | €4k | €3k | ▼ 34.6% |
| Financial fixed assets28 | - | €78 | €78 | €78 | €78 | = |
| Current assets29/58 | €55k | €51k | €118k | €31k | €40k | ▲ 29.6% |
| Amounts receivable within one year40/41 | €52k | €49k | €116k | €28k | €37k | ▲ 30.3% |
| Trade receivables40 | - | €40k | €94k | €13k | €23k | ▲ 83.5% |
| Other amounts receivable41 | - | €9k | €21k | €16k | €14k | ▼ 12.4% |
| Cash at bank and in hand54/58 | €592 | €2k | €2k | €2k | €3k | ▲ 79.3% |
| Deferred charges and accrued income490/1 | - | - | €954 | €954 | €147 | ▼ 84.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €68k | €65k | €127k | €36k | €43k | ▲ 21.4% |
| Equity10/15 | €-74k | €-56k | €-58k | €-57k | €-53k | ▲ 6.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Other1319 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €8k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €-90k | €-72k | €-74k | €-73k | €-69k | ▲ 5.1% |
| Provisions and deferred taxes16 | €4k | €4k | €4k | €4k | €4k | = |
| Deferred taxes168 | - | €4k | €4k | €4k | €4k | = |
| Amounts payable17/49 | €137k | €117k | €181k | €88k | €92k | ▲ 4.4% |
| Amounts payable within one year42/48 | €137k | €117k | €181k | €88k | €92k | ▲ 4.4% |
| Trade debts44 | €21k | €30k | €86k | €18k | €6k | ▼ 68.9% |
| Suppliers440/4 | - | €30k | €86k | €18k | €6k | ▼ 68.9% |
| Taxes, remuneration and social security45 | - | €87k | €95k | €70k | €86k | ▲ 23.1% |
| Taxes450/3 | - | €77k | €85k | €68k | €79k | ▲ 15.9% |
| Remuneration and social security454/9 | - | €10k | €10k | €2k | €7k | ▲ 285% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-73k | €18k | €-2k | €1k | €4k | ▲ 252% |
| + Depreciation and write-downs630 | €1k | - | €4k | €4k | €2k | ▼ 64.5% |
| Operating cash flow (approximation) | €-72k | €18k | €3k | €5k | €5k | ▼ 2.5% |
| Investment in fixed assets (approximation) | - | €-1k | €1k | €0 | €0 | - |
| Change in cash | - | €1k | €42 | €131 | €1k | ▲ 980% |
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
2025
08-08
KBO administration
Address struck
2024
09-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 02-12-2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 251 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 301 days late
31-03
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 380 days late
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 193 days late
31-03
Financial
Back to profitnet €18k
Net result €18k after 2 loss-making years.
2020
15-06
Judicial reorganisation
Plan homologation
Tribunal de l’entreprise francophone de Bruxelles · event 10-06-2020
31-03
Financial
Weakest financial yearnet €-73k
Net result drops to €-73k, the lowest in the series.
2019
24-12
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement · event 18-12-2019
Show earlier events
05-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 765 days late
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
04-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 399 days late
2016
02-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 184 days late
2015
20-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 112 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2013
Ground area
640 m²
Building footprint
542 m²
Volume, LiDAR
11,122 m³
2 parcels, Brussels · tallest building 29.8 m, ±8 floors. Linked by address, not a title deed.
276
companies at this address
See who is registered here
1 establishment unit
TG
since 20132.219.641.003
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0120/00H005 | Brussels | 480 m² | 1 · 417 m² | 29.8 m · 8 fl. |
| 21906D0217/00W000 | Brussels | 160 m² | 1 · 125 m² | 18.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEROME HENRI AVENUE ROGER VANDEN-
DRIESSCHE 18, 1150 WOLUWE-SAINT-PIERRE- curateur@bazacle-
solon.eu |
02-12-2024 → present |
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 5,968 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded18-04-2012
Fiscal year end31-03
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.