TGM
ActiveTGM has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298k and a net result of €59k. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 74% of 11323 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+2
Solvency97▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 5.49 against 3.31 in 2024; short-term debt: 8.8% and cash: 22.3% of total assets), and 28.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.9%
Return on assets
14.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
31 d early
2023
28 d early
2022
3 d early
2021
34 d early
2020
10 d late
2019
30 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€298k▲ 24.9%
2024 · €239k
2018: €111k
2019: €60k
2020: €116k
2021: €140k
2022: €159k
2023: €221k
2024: €239k
2018 → 2025
Total assets
€415k▲ 5.2%
2024 · €394k
2018: €210k
2019: €182k
2020: €210k
2021: €310k
2022: €301k
2023: €398k
2024: €394k
2018 → 2025
Net result
€59k▲ 17.8%
2024 · €50k
2018: €37k
2019: €41k
2020: €61k
2021: €37k
2022: €31k
2023: €68k
2024: €50k
2018 → 2025
Working capital
€163k▲ 53.8%
2024 · €106k
2018: €76k
2019: €29k
2020: €66k
2021: €39k
2022: €66k
2023: €95k
2024: €106k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€140k-€159k▲ 14.1%€221k▲ 38.5%€239k▲ 8.2%€298k▲ 24.9%
Operating result€55k-€49k▼ 11.3%€97k▲ 96.7%€73k▼ 25.0%€83k▲ 15.0%
Net result€37k-€31k▼ 17.0%€68k▲ 119%€50k▼ 25.8%€59k▲ 17.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 15% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €415k
Fixed assets
€216k▼ 11.1%
Current assets
€200k▲ 31.3%
Equity and liabilities €415k
Equity
€298k▲ 24.9%
Debt
€117k▼ 24.9%
The debt ratio falls from 39.4% to 28.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€111k▲
2024 · €101k
Cash flow
€87k▲
2024 · €79k
Solvency
71.9%▲
2024 · 60.6%
Current ratio
5.49▲
2024 · 3.31
Quick ratio
5.49▲
2024 · 3.31
Debt / equity
0.39▼
2024 · 0.65
ROE
19.9%▼
2024 · 21.1%
ROA
14.3%▲
2024 · 12.8%
Interest coverage
36.47▲
2024 · 28.02
Debt
€117k▼
2024 · €155k
Debt ≤ 1 year
€36k▼
2024 · €46k
Debt > 1 year
€80k▼
2024 · €109k
Income taxes
€24k▲
2024 · €20k
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€394k€415k▲
Fixed assets21/28€242k€216k▼
Tangible fixed assets22/27€242k€216k▼
Land and buildings22€181k€170k▼
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€57k€42k▼
Current assets29/58€152k€200k▲
Amounts receivable within one year40/41€16k€35k▲
Trade receivables40€7k€3k▼
Other amounts receivable41€9k€33k▲
Current investments50/53€60k€70k▲
Cash at bank and in hand54/58€75k€93k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€394k€415k▲
Equity10/15€239k€298k▲
Contributions10/11€10k€10k=
Reserves13€229k€289k▲
Distributable reserves133€229k€289k▲
Amounts payable17/49€155k€117k▼
Amounts payable after more than one year17€109k€80k▼
Financial debts170/4€109k€80k▼
Amounts payable within one year42/48€46k€36k▼
Current portion of amounts payable after more than one year42€28k€29k▲
Trade debts44€5k€4k▼
Suppliers440/4€5k€4k▼
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48€12k-
Accrued charges and deferred income492/3€207-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€28k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€102k€113k▲
Operating profit (loss)9901€73k€83k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€71k€83k▲
Income taxes67/77€20k€24k▲
Profit (loss) for the period9904€50k€59k▲
Profit (loss) for the period to be appropriated9905€50k€59k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€59k▲
Transfer from equity791/2€32k-
Transfer to equity691/2€50k€59k▲
To other reserves6921€50k€59k▲
Profit to be distributed694/7€32k-
Return on contributions (dividend)694€32k-
The notes to these accounts (6 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €68k ▲119%
Operating result €97k, net result €68k, both a record.
31-12
Financial
Equity above €200kEq €221k ▲38.5%
6 profitable years in a row build equity to €221k.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €31k ▼17%
Net result drops to €31k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €159k ▲14.1%
5 profitable years in a row build equity to €159k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Equity above €100kEq €116k ▲93.7%
3 profitable years in a row build equity to €116k.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Zoersel · 1 establishment unit since 1988
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.
De Hulsten 252980 ZoerselGround area
1,128 m²
Building footprint
171 m²
Volume, LiDAR
753 m³
Parcel 11055A0134/00K002, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TGM
since 19882.041.464.176
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11055A0134/00K002 | Flanders | 1,128 m² | 1 · 171 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900BY9KY74ORIY970
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,730 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-1988
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.