Starting capital
€5,000 100 shares
TG-MAT
Lifetime
1 annual account with figurespeak -€3,407 (2025)
-€3,407
lowest -€3,427 (2025)
-€3,427
peak €1,573 (2025)
€1,573
€1,315
Board1 name since 2025
1 directorGOK Tahir
Documentsfilings and deeds
08-08-20268 days late
2025micro format
Loss of €3,427Incorporation 24-031 establishment registeredFirst year with figures
Key points
from the 2025 annual accountsPosition in the sector
€1,573
Less equity than 86% of companies in construction of buildings. Sector median €45,553 · 9,465 companies.
2025 accounts filed 8 days after the deadlineTurnover not published (micro format)
Checked score
55
Fair
Financially stronger than 50% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 3.7%
05-2026: 3.7%● unchanged vs 04-2026
06-2026: 3.9%▲ +0.2 percentage points vs 05-2026
07-2026: 4.2%▲ +0.3 percentage points vs 06-2026
08-2026: 4.4%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 1.1%▼ -3.3 percentage points vs 08-2026lowest value
10-2026: 1.1%● unchanged vs 09-2026
11-2026: 1.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Founded in 2025
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Liquidity: current ratio 2.20, cash €2,265
Equity €1,573 (54.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 63% of them on solvency, 81% on liquidity and 5% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 584 companies had the same profile as TG-MAT has now. Each dot stands for 2 companies, two years later.
92.6%
were still trading
6.0%
stopped another way
1.4%
went bankrupt
That fits the bankruptcy probability of TG-MAT itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 584 companies, not a prediction for TG-MAT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
The balance sheet total is too small for a liquidity verdict.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 8 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-08-2026, 8 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
8 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1021284789
Incorporation
Founding capital of €5,000, 100 shares · Founder: GOK Tahir · Appointment: GOK Tahir (director) · published on 24-03-2025 · Gazette deed
First establishment
Brichautstraat 11, Schaerbeek
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TG-MAT Schaerbeek | €2,888 | -€3,407 | 54.5% | - |
| INNOVATIVA Forest | €3,369 | -€561 | -27.7% | - |
| INNOVALEX Drogenbos | €3,070 | -€2,553 | 42.2% | - |
| AZ SERVICES Kraainem | €3,142 | €951 | 82.7% | - |
| DOROS MC Ternat | €2,556 | -€3,044 | -22.2% | - |
| Bebelle & CO Silly | €3,319 | -€293 | 51.4% | - |
| VDG & CO Melle | €2,661 | -€1,965 | -24.9% | - |
These companies have the same main activity as TG-MAT: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €2,560 and €3,370, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 20-03-2025Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 7 others
- Establishment unit
- 2.371.957.9251030 Schaerbeek, since 20-03-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 06-01-2026
Insights on TG-MAT
The annual accounts of TG-MAT for financial year 2025 show a net loss of 119% of total assets. The 2025 annual accounts show equity of €1,573 and a net result of -€3,427.
Its solvency ranks better than 62% of 9,462 sector peers (NACE 41, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.
The computed 12-month bankruptcy probability is 1.1% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TG-MAT
- What is the company number of TG-MAT?
- The company number of TG-MAT is 1021.284.789. The VAT number is the same number with BE in front: BE 1021.284.789.
- Where is TG-MAT based?
- The registered office is at Brichautstraat 11, 1030 Schaerbeek.Company details
- What does TG-MAT do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of TG-MAT?
- TG-MAT is a private limited company (BV).
- When was TG-MAT founded?
- TG-MAT was founded on 20-03-2025.
- Is TG-MAT still active?
- Yes, TG-MAT is an active enterprise in the KBO register.
- What is the turnover of TG-MAT?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is TG-MAT profitable?
- In financial year 2025, TG-MAT made a loss of €3,427.
- Where can I find the annual accounts of TG-MAT?
- TG-MAT filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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