TGEMC
ActiveTGEMC has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-13k) and a net result of €-4k. Equity is shrinking by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 16377 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+76
Solvency39▲+4
Growth32=
Stability94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.57 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-32.3%
Return on assets
-9.6%
Age of the figures
11 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€13k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
21 d early
2024
5 d early
2023
1 d early
2022
27 d early
2021
38 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-13k▼ 42.2%
2024 · €-9k
2021: €8k
2022: €-11k
2023: €-9k
2024: €-9k
2021 → 2025
Total assets
€39k▲ 139%
2024 · €16k
2021: €112k
2022: €58k
2023: €30k
2024: €16k
2021 → 2025
Net result
€-4k▼ 791%
2024 · €-423
2021: €7k
2022: €-19k
2023: €2k
2024: €-423
2021 → 2025
Working capital
€-14k▼ 27.2%
2024 · €-11k
2021: €7k
2022: €-14k
2023: €-9k
2024: €-11k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€8k-€-11k€-9k▲ 22.2%€-9k▼ 5.0%€-13k▼ 42.2%
Operating result€11k-€-17k€6k€-4k€2k
Net result€7k-€-19k€2k€-423€-4k▼ 791%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2k after a loss of €4k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €39k
Fixed assets
€1k▼ 43.2%
Current assets
€38k▲ 163%
Key figures and ratios
EBITDA
€3k▲
2024 · €-3k
Cash flow
€-3k▼
2024 · €295
Solvency
-32.3%▲
2024 · -54.4%
Current ratio
0.73▲
2024 · 0.57
Quick ratio
0.70▲
2024 · 0.55
Debt / equity
-4.09▼
2024 · -2.84
ROE
29.7%▲
2024 · 4.7%
ROA
-9.6%▼
2024 · -2.6%
Interest coverage
1.70▲
2024 · 1.54
Debt
€52k▲
2024 · €25k
Debt ≤ 1 year
€52k▲
2024 · €25k
Income taxes
€4k▲
2024 · €1k
Staff costs
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€16k€39k▲
Fixed assets21/28€2k€1k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€14k€38k▲
Stocks and contracts in progress3€500€2k▲
Stocks30/36€500€2k▲
Amounts receivable within one year40/41€11k€33k▲
Trade receivables40€11k€33k▲
Other amounts receivable41-€24
Cash at bank and in hand54/58€3k€4k▲
Deferred charges and accrued income490/1€43-
Equity and liabilities
Total equity and liabilities10/49€16k€39k▲
Equity10/15€-9k€-13k▼
Contributions10/11€500€500=
Profit (loss) carried forward14€-9k€-13k▼
Amounts payable17/49€25k€52k▲
Amounts payable within one year42/48€25k€52k▲
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€3k€35k▲
Taxes450/3€3k€35k▲
Other amounts payable47/48€21k€17k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€718€825▲
Other operating charges640/8€7k€403▼
Gross operating margin9900€4k€5k▲
Operating profit (loss)9901€-4k€2k▲
Financial income75/76B€3k€244▼
Recurring financial income75€3k€244▼
Financial charges65/66B€-2k€2k▲
Recurring financial charges65€-2k€2k▲
Profit (loss) for the period before taxes9903€763€668▼
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€-423€-4k▼
Profit (loss) for the period to be appropriated9905€-423€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-13k▼
Profit (loss) brought forward from the previous period14P€-9k€-9k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-19k ▼358%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 38 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Grez-Doiceau · 1 establishment unit since 2021
Cannot 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.
Chaussée de Wavre 1321390 Grez-DoiceauGround area
1.1 ha
Building footprint
1,624 m²
Volume, LiDAR
1,564 m³
2 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TGEMC
since 20212.313.617.571
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001B0048/00F002 | Wallonia | 8,061 m² | 1 · 1,445 m² | - |
| 25070B0029/00S000 | Wallonia | 2,921 m² | 1 · 179 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,680 companies in sector 86951 we hold annual accounts for 2,134. 1,367 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-02-2021
Fiscal year end30-09
Activities, NACEBEL
86905Human health activities
86951Physiotherapy
31002Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
31092Manufacture of furniture
47740Retail trade
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
86909Human health activities
86995Nutrition and dietetics services
95240Repair and maintenance of furniture and upholstery
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.