TG GROUP
Bankruptcy1 interim measureSummary
The KBO register records for TG GROUP the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €87,228 and a net result of €14,446.
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Open bankruptcy
Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, full schema
Turnover
€1.3m▼ 6.8%
2022 · €1.4m
EBIT margin
2.1%▼ 0.5pp
2022 · 2.6%
Net result
€14,446▼ 28.4%
2022 · €20,165
Working capital
€48,774▲ 35.5%
2022 · €36,004
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€1.4m▲ 19.3%€1.7m▲ 22.5%€2.0m▲ 14.6%€1.4m▼ 30.6%€1.3m▼ 6.8%
Operating result€44,512▲ 23.5%€60,409▲ 35.7%€6,817▼ 88.7%€35,578▲ 422%€27,320▼ 23.2%
Net result€28,022▲ 37.4%€43,923within the sector's middle half▲ 56.7%€883within the sector's middle half▼ 98.0%€20,165within the sector's middle half▲ 2,184%€14,446within the sector's middle half▼ 28.4%
EBIT margin3.1%▲ 0.1pp3.5%▲ 0.3pp0.3%▼ 3.1pp2.6%▲ 2.2pp2.1%▼ 0.5pp
Equity€93,525▼ 0.6%€108,877within the sector's middle half▲ 16.4%€109,760within the sector's middle half▲ 0.8%€87,068within the sector's middle half▼ 20.7%€87,228within the sector's middle half▲ 0.2%
Total assets€381,280▲ 7.9%€447,491within the sector's middle half▲ 17.4%€610,534within the sector's middle half▲ 36.4%€630,879within the sector's middle half▲ 3.3%€534,842within the sector's middle half▼ 15.2%
Debt€287,755▲ 11.0%€338,614▲ 17.7%€500,774▲ 47.9%€543,811▲ 8.6%€447,614▼ 17.7%
Working capital€22,292▼ 4.9%€46,279within the sector's middle half▲ 108%€47,822within the sector's middle half▲ 3.3%€36,004within the sector's middle half▼ 24.7%€48,774within the sector's middle half▲ 35.5%
Solvency24.5%▼ 2.1pp24.3%within the sector's middle half▼ 0.2pp18.0%within the sector's middle half▼ 6.4pp13.8%below the sector's middle half▼ 4.2pp16.3%within the sector's middle half▲ 2.5pp
Current ratio1.10=1.17within the sector's middle half▲ 0.071.13within the sector's middle half▼ 0.041.08within the sector's middle half▼ 0.041.13within the sector's middle half▲ 0.05
Return on assets (ROA)7.3%▲ 1.6pp9.8%above the sector's middle half▲ 2.5pp0.1%within the sector's middle half▼ 9.7pp3.2%within the sector's middle half▲ 3.1pp2.7%within the sector's middle half▼ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 23% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €534,842
Fixed assets
€120,405 ▼ 27.5%
Current assets
€414,437 ▼ 10.8%
Equity and liabilities €534,842
Equity
€87,228 ▲ 0.2%
Debt
€447,614 ▼ 17.7%
Debt's share of the balance-sheet total falls from 86.2% to 83.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82,812▼
2022 · €93,174
Cash flow
€69,938▼
2022 · €77,761
Quick ratio
1.09▲
2022 · 1.06
Debt to equity
5.13▼
2022 · 6.25
ROE
16.6%▼
2022 · 23.2%
Interest coverage
7.28▼
2022 · 9.25
Debt ≤ 1 year
€365,663▼
2022 · €428,782
Debt > 1 year
€81,335▼
2022 · €115,029
Income taxes
€4,956▼
2022 · €8,016
Staff costs
€43,486▲
2022 · €39,057
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €1.4m | €1.7m | €2.0m | €1.4m | €1.3m | ▼ 6.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €1.9m | €1.2m | €1.2m | ▼ 7.0% |
| Remuneration, social security and pensions62 | - | - | €39,445 | €39,057 | €43,486 | ▲ 11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,936 | €46,827 | €48,344 | €57,596 | €55,492 | ▼ 3.7% |
| Other operating charges640/8 | - | - | €1,101 | €2,377 | €1,383 | ▼ 41.8% |
| Gross operating margin9900 | €124,482 | €145,432 | €95,707 | €134,608 | €127,681 | ▼ 5.1% |
| Operating profit (loss)9901 | €44,512 | €60,409 | €6,817 | €35,578 | €27,320 | ▼ 23.2% |
| Financial income75/76B | - | - | €3,745 | €2,675 | €3,465 | ▲ 29.5% |
| Recurring financial income75 | - | €1,607 | €3,745 | €2,675 | €3,465 | ▲ 29.5% |
| Financial charges65/66B | - | - | €7,527 | €10,072 | €11,383 | ▲ 13.0% |
| Recurring financial charges65 | €7,000 | €4,531 | €7,527 | €10,072 | €11,383 | ▲ 13.0% |
| Profit (loss) for the period before taxes9903 | €37,627 | €57,485 | €3,035 | €28,181 | €19,402 | ▼ 31.2% |
| Income taxes67/77 | €9,605 | €13,562 | €2,152 | €8,016 | €4,956 | ▼ 38.2% |
| Profit (loss) for the period9904 | €28,022 | €43,923 | €883 | €20,165 | €14,446 | ▼ 28.4% |
| Profit (loss) for the period to be appropriated9905 | €28,022 | €43,923 | €883 | €20,165 | €14,446 | ▼ 28.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €381,280 | €447,491 | €610,534 | €630,879 | €534,842 | ▼ 15.2% |
| Fixed assets21/28 | €145,024 | €129,991 | €184,402 | €166,093 | €120,405 | ▼ 27.5% |
| Intangible fixed assets21 | €18,071 | €12,642 | €7,215 | €2,418 | - | - |
| Tangible fixed assets22/27 | €126,153 | €116,549 | €176,387 | €162,875 | €119,605 | ▼ 26.6% |
| Plant, machinery and equipment23 | - | - | €8,878 | €5,262 | €2,641 | ▼ 49.8% |
| Furniture and vehicles24 | - | - | €135,786 | €135,936 | €105,315 | ▼ 22.5% |
| Leasing and similar rights25 | - | - | €31,475 | €21,563 | €11,649 | ▼ 46.0% |
| Other tangible fixed assets26 | - | - | €248 | €114 | - | - |
| Financial fixed assets28 | €800 | €800 | €800 | €800 | €800 | = |
| Current assets29/58 | €236,256 | €317,500 | €426,132 | €464,786 | €414,437 | ▼ 10.8% |
| Stocks and contracts in progress3 | - | - | €43,426 | €11,500 | €16,500 | ▲ 43.5% |
| Stocks30/36 | - | - | €43,426 | €11,500 | €16,500 | ▲ 43.5% |
| Amounts receivable within one year40/41 | €177,370 | €212,200 | €353,158 | €427,988 | €385,927 | ▼ 9.8% |
| Trade receivables40 | - | - | €308,445 | €359,888 | €281,134 | ▼ 21.9% |
| Other amounts receivable41 | - | - | €44,713 | €68,100 | €104,793 | ▲ 53.9% |
| Cash at bank and in hand54/58 | €45,542 | €93,601 | €21,209 | €15,743 | €5,747 | ▼ 63.5% |
| Deferred charges and accrued income490/1 | - | - | €8,339 | €9,555 | €6,263 | ▼ 34.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €381,280 | €447,491 | €610,534 | €630,879 | €534,842 | ▼ 15.2% |
| Equity10/15 | €93,525 | €108,877 | €109,760 | €87,068 | €87,228 | ▲ 0.2% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | - | - | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | - | - | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Non-distributable reserves130/1 | - | - | €7,500 | €7,500 | €7,500 | = |
| Legal reserve130 | - | - | €7,500 | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | €11,025 | €26,377 | €27,260 | €4,568 | €4,728 | ▲ 3.5% |
| Amounts payable17/49 | €287,755 | €338,614 | €500,774 | €543,811 | €447,614 | ▼ 17.7% |
| Amounts payable after more than one year17 | €69,090 | €66,566 | €122,464 | €115,029 | €81,335 | ▼ 29.3% |
| Financial debts170/4 | - | - | €122,464 | €115,029 | €81,335 | ▼ 29.3% |
| Amounts payable within one year42/48 | €213,964 | €271,221 | €378,310 | €428,782 | €365,663 | ▼ 14.7% |
| Current portion of amounts payable after more than one year42 | - | - | €40,821 | €145,323 | €133,457 | ▼ 8.2% |
| Financial debts43 | - | - | €26,427 | €7,261 | €9,888 | ▲ 36.2% |
| Credit institutions430/8 | - | - | €26,427 | €7,261 | €9,888 | ▲ 36.2% |
| Trade debts44 | €133,021 | €177,318 | €272,864 | €231,012 | €173,404 | ▼ 24.9% |
| Suppliers440/4 | - | - | €272,864 | €231,012 | €173,404 | ▼ 24.9% |
| Advances received on contracts in progress46 | - | - | €749 | €749 | €749 | = |
| Taxes, remuneration and social security45 | - | - | €22,378 | €23,354 | €41,453 | ▲ 77.5% |
| Taxes450/3 | - | - | €15,227 | €8,071 | €4,567 | ▼ 43.4% |
| Remuneration and social security454/9 | - | - | €7,151 | €15,283 | €36,886 | ▲ 141% |
| Other amounts payable47/48 | - | - | €15,071 | €21,083 | €6,712 | ▼ 68.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | €616 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,022 | €43,923 | €883 | €20,165 | €14,446 | ▼ 28.4% |
| + Depreciation and write-downs630 | €40,936 | €46,827 | €48,344 | €57,596 | €55,492 | ▼ 3.7% |
| Operating cash flow (approximation) | €68,958 | €90,750 | €49,227 | €77,761 | €69,938 | ▼ 10.1% |
| Investment in fixed assets (approximation) | - | -€31,794 | -€102,755 | -€39,287 | -€9,804 | ▲ 75.0% |
| Change in cash | - | €48,059 | -€72,392 | -€5,466 | -€9,996 | ▼ 82.9% |
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
03-10
Interim measure
Provisional administrator
Tribunal de l’entreprise de Liège
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 326 days late
2023
07-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 99 days late
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 324 days late
2021
31-12
Financial
Weakest financial yearnet €883 ▼98%
Net result drops to €883, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
21-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 174 days late
2020
31-12
Financial
Highest result since 2018net €43,923 ▲56.7%
Operating result €60,409, net result €43,923, both a record.
31-12
Financial
Equity above €100,000Eq €108,877 ▲16.4%
3 profitable years in a row build equity to €108,877.
2019
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 78 days late
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 152 days late
2016
28-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 150 days late
2015
19-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 111 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Jemeppe-sur-Sambre · 1 establishment unit since 2011
Ground area
1,095 m²
Building footprint
188 m²
Volume, LiDAR
1,237 m³
Parcel 92119C0111/00P000, Wallonia · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TG GROUP
since 20112.204.579.673
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92119C0111/00P000 | Wallonia | 1,095 m² | 1 · 188 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,056. 13,179 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43320Joinery installation
43331Floor and wall tiling
43350Other building finishing work
43910Bricklaying and masonry work
Contact
Website
www.tggroup.be
E-mail
info@tggroup.be
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.