TG GROUNDS
ActiveSummary
The computed 12-month bankruptcy probability of TG GROUNDS is 2.7% (moderate). The 2024 annual accounts show equity of €51,462 and a net result of €57,850. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 4 accounts on average 17 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
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Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% 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 875 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €25,589 | €0 | - | - |
| Other operating charges640/8 | €1,851 | €128 | €131 | €145 | ▲ 10.7% |
| Gross operating margin9900 | -€2,691 | -€1,091 | -€1,370 | €91,025 | ▲ 6,744% |
| Operating profit (loss)9901 | -€4,542 | -€26,809 | -€1,501 | €90,880 | ▲ 6,154% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Financial charges65/66B | €4,730 | €6,290 | €12,517 | €31,652 | ▲ 153% |
| Recurring financial charges65 | €4,730 | €6,290 | €12,517 | €31,652 | ▲ 153% |
| Profit (loss) for the period before taxes9903 | -€9,272 | -€33,099 | -€14,018 | €59,228 | ▲ 523% |
| Income taxes67/77 | - | - | - | €1,378 | - |
| Profit (loss) for the period9904 | -€9,272 | -€33,099 | -€14,018 | €57,850 | ▲ 513% |
| Profit (loss) for the period to be appropriated9905 | -€9,272 | -€33,099 | -€14,018 | €57,850 | ▲ 513% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €377,370 | €560,317 | €576,092 | €622,693 | ▲ 8.1% |
| Fixed assets21/28 | - | €180,000 | €180,000 | €180,000 | = |
| Tangible fixed assets22/27 | - | €180,000 | €180,000 | €180,000 | = |
| Other tangible fixed assets26 | - | €180,000 | €180,000 | €180,000 | = |
| Current assets29/58 | €377,370 | €380,317 | €396,092 | €442,693 | ▲ 11.8% |
| Amounts receivable after more than one year29 | - | - | - | €162,506 | - |
| Other amounts receivable291 | - | - | - | €162,506 | - |
| Stocks and contracts in progress3 | €374,683 | €379,154 | €392,658 | €267,326 | ▼ 31.9% |
| Stocks30/36 | €374,683 | €379,154 | €392,658 | €267,326 | ▼ 31.9% |
| Cash at bank and in hand54/58 | €2,687 | €1,163 | €3,434 | €12,861 | ▲ 274% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €377,370 | €560,317 | €576,092 | €622,693 | ▲ 8.1% |
| Equity10/15 | €65,728 | €7,630 | -€6,388 | €51,462 | ▲ 906% |
| Contributions10/11 | €75,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | - | - | - | €1,462 | - |
| Distributable reserves133 | - | - | - | €1,462 | - |
| Profit (loss) carried forward14 | -€9,272 | -€42,370 | -€56,388 | €0 | ▲ 100% |
| Amounts payable17/49 | €311,642 | €552,687 | €582,481 | €571,231 | ▼ 1.9% |
| Amounts payable after more than one year17 | €58,000 | €139,206 | €168,206 | €193,206 | ▲ 14.9% |
| Other amounts payable178/9 | €58,000 | €139,206 | €168,206 | €193,206 | ▲ 14.9% |
| Amounts payable within one year42/48 | €250,000 | €410,471 | €410,000 | €372,010 | ▼ 9.3% |
| Financial debts43 | €250,000 | €410,000 | €410,000 | €370,632 | ▼ 9.6% |
| Credit institutions430/8 | €250,000 | €410,000 | €410,000 | €370,632 | ▼ 9.6% |
| Trade debts44 | - | €471 | €0 | - | - |
| Suppliers440/4 | - | €471 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €1,378 | - |
| Taxes450/3 | - | - | - | €1,378 | - |
| Accrued charges and deferred income492/3 | €3,642 | €3,010 | €4,275 | €6,015 | ▲ 40.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,272 | -€33,099 | -€14,018 | €57,850 | ▲ 513% |
| + Depreciation and write-downs630 | - | €25,589 | €0 | - | - |
| Operating cash flow (approximation) | -€9,272 | -€7,509 | -€14,018 | €57,850 | ▲ 513% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | -€1,524 | €2,271 | €9,427 | ▲ 315% |
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 1 Belgian State Gazette act for this company. It has not 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. |
|---|---|---|---|---|
| 35008B0376/00A002 | Flanders | 480 m² | 1 · 82 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.