TGM CONSULT
ActiveSummary
The annual accounts of TGM CONSULT for fiscal year 2025 show a net loss of 52% of total assets. The 2025 annual accounts show equity of €38k and a net result of €-25k. Equity is growing by ~64.5% per year across the filed fiscal years. Its solvency ranks better than 73% of 17090 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency100▲+23
Growth68▼-17
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 4.61 against 2.02 in 2024; short-term debt: 20.5% and cash: 60.9% of total assets), and 20.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
79.5%
Return on assets
-52%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
28 d late
2024
24 d early
2023
23 d late
2022
38 d early
2021
29 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€159k▲ 10.8%
2024 · €143k
2021: €6klowest in 5 years
2022: €9k▲ +41.7% vs 2021
2023: €35k▲ +306% vs 2022
2024: €143k▲ +316% vs 2023
2025: €159k▲ +10.8% vs 2024highest in 5 years
2021 → 2025
EBIT margin
-14.0%▼ 73.9pp
2024 · 59.9%
2021: 55.2%
2022: 21.5%▼ -61.0% vs 2021
2023: 64.1%▲ +198% vs 2022highest in 5 years
2024: 59.9%▼ -6.6% vs 2023
2025: -14.0%▼ -123% vs 2024lowest in 5 years
2021 → 2025
Net result
€-25k
2024 · €67k
2021: €3k
2022: €1k▼ -52.2% vs 2021
2023: €16k▲ +1164% vs 2022
2024: €67k▲ +317% vs 2023highest in 5 years
2025: €-25k▼ -137% vs 2024lowest in 5 years
2021 → 2025
Working capital
€35k▼ 41.0%
2024 · €60k
2021: €9klowest in 5 years
2022: €10k▲ +11.0% vs 2021
2023: €24k▲ +151% vs 2022
2024: €60k▲ +148% vs 2023highest in 5 years
2025: €35k▼ -41.0% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€6k-€9k▲ 41.7%€35k▲ 306%€143k▲ 316%€159k▲ 10.8%
2021: €6klowest in 5 years
2022: €9k▲ +41.7% vs 2021
2023: €35k▲ +306% vs 2022
2024: €143k▲ +316% vs 2023
2025: €159k▲ +10.8% vs 2024highest in 5 years
Equity€9k-€10k▲ 14.6%€26k▲ 161%€63k▲ 142%€38k▼ 39.5%
2021: €9klowest in 5 years
2022: €10k▲ +14.6% vs 2021
2023: €26k▲ +161% vs 2022
2024: €63k▲ +142% vs 2023highest in 5 years
2025: €38k▼ -39.5% vs 2024
Operating result€3k-€2k▼ 44.8%€22k▲ 1,108%€86k▲ 288%€-22k
2021: €3k
2022: €2k▼ -44.8% vs 2021
2023: €22k▲ +1108% vs 2022
2024: €86k▲ +288% vs 2023highest in 5 years
2025: €-22k▼ -126% vs 2024lowest in 5 years
Net result€3k-€1k▼ 52.2%€16k▲ 1,164%€67k▲ 317%€-25k
2021: €3k
2022: €1k▼ -52.2% vs 2021
2023: €16k▲ +1164% vs 2022
2024: €67k▲ +317% vs 2023highest in 5 years
2025: €-25k▼ -137% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €22k after €86k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€3k ▼ 9.7%
Current assets
€45k ▼ 61.9%
Equity and liabilities €48k
Equity
€38k ▼ 39.5%
Debt
€10k ▼ 83.2%
Debt's share of the balance-sheet total falls from 48.2% to 20.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-21k▼
2024 · €87k
Cash flow
€-24k▼
2024 · €67k
Current ratio
4.61▲
2024 · 2.02
Debt to equity
0.26▼
2024 · 0.93
ROE
-65.4%▼
2024 · 106.5%
ROA
-52.0%▼
2024 · 55.1%
Interest coverage
-10.16▼
2024 · 32.09
Debt ≤ 1 year
€10k▼
2024 · €58k
Income taxes
€598▼
2024 · €16k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€121k€48k▼
Fixed assets21/28€3k€3k▼
Tangible fixed assets22/27€3k€3k▼
Furniture and vehicles24€3k€2k▼
Other tangible fixed assets26-€312
Current assets29/58€118k€45k▼
Amounts receivable within one year40/41€26k€15k▼
Trade receivables40€10k€11k▲
Other amounts receivable41€16k€4k▼
Current investments50/53-€0
Cash at bank and in hand54/58€90k€29k▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€121k€48k▼
Equity10/15€63k€38k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€57k€32k▼
Amounts payable17/49€58k€10k▼
Amounts payable within one year42/48€58k€10k▼
Current portion of amounts payable after more than one year42€0€0=
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€24k€5k▼
Taxes450/3€24k€5k▼
Other amounts payable47/48€30k€0▼
Income statement
Code20242025
Turnover70€143k€159k▲
Goods, raw materials, services and sundry goods60/61€54k€55k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€711€1k▲
Other operating charges640/8€5k€727▼
Non-recurring operating charges66A€0€126k▲
Gross operating margin9900€92k€106k▲
Operating profit (loss)9901€86k€-22k▼
Financial income75/76B€0€129▲
Recurring financial income75€0€129▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€83k€-24k▼
Income taxes67/77€16k€598▼
Profit (loss) for the period9904€67k€-25k▼
Profit (loss) for the period to be appropriated9905€67k€-25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€32k▼
Profit (loss) brought forward from the previous period14P€20k€57k▲
Profit to be distributed694/7€30k-
Return on contributions (dividend)694€30k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €6k | €9k | €35k | €143k | €159k | ▲ 10.8% |
| Goods, raw materials, services and sundry goods60/61 | €3k | €7k | €13k | €54k | €55k | ▲ 3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €58 | €307 | €711 | €1k | ▲ 48.7% |
| Other operating charges640/8 | - | - | - | €5k | €727 | ▼ 86.7% |
| Non-recurring operating charges66A | - | - | €2 | €0 | €126k | ▲ 1,261,927,400% |
| Gross operating margin9900 | €3k | €2k | €22k | €92k | €106k | ▲ 14.8% |
| Operating profit (loss)9901 | €3k | €2k | €22k | €86k | €-22k | ▼ 126% |
| Financial income75/76B | - | - | - | €0 | €129 | ▲ 1,292,900% |
| Recurring financial income75 | - | - | - | €0 | €129 | ▲ 1,292,900% |
| Financial charges65/66B | - | €48 | €98 | €3k | €2k | ▼ 22.7% |
| Recurring financial charges65 | - | €48 | €98 | €3k | €2k | ▼ 22.7% |
| Profit (loss) for the period before taxes9903 | €3k | €2k | €22k | €83k | €-24k | ▼ 129% |
| Income taxes67/77 | €663 | €516 | €6k | €16k | €598 | ▼ 96.4% |
| Profit (loss) for the period9904 | €3k | €1k | €16k | €67k | €-25k | ▼ 137% |
| Profit (loss) for the period to be appropriated9905 | €3k | €1k | €16k | €67k | €-25k | ▼ 137% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11k | €12k | €44k | €121k | €48k | ▼ 60.6% |
| Fixed assets21/28 | - | €313 | €2k | €3k | €3k | ▼ 9.7% |
| Tangible fixed assets22/27 | - | €313 | €2k | €3k | €3k | ▼ 9.7% |
| Furniture and vehicles24 | - | €313 | €2k | €3k | €2k | ▼ 20.5% |
| Other tangible fixed assets26 | - | - | - | - | €312 | - |
| Current assets29/58 | €11k | €12k | €42k | €118k | €45k | ▼ 61.9% |
| Amounts receivable within one year40/41 | €0 | €0 | €11k | €26k | €15k | ▼ 44.9% |
| Trade receivables40 | €0 | €0 | €11k | €10k | €11k | ▲ 6.8% |
| Other amounts receivable41 | €0 | €0 | €0 | €16k | €4k | ▼ 77.6% |
| Current investments50/53 | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €11k | €12k | €31k | €90k | €29k | ▼ 67.6% |
| Deferred charges and accrued income490/1 | - | - | €838 | €2k | €2k | ▼ 26.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11k | €12k | €44k | €121k | €48k | ▼ 60.6% |
| Equity10/15 | €9k | €10k | €26k | €63k | €38k | ▼ 39.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €3k | €4k | €20k | €57k | €32k | ▼ 43.7% |
| Amounts payable17/49 | €2k | €2k | €18k | €58k | €10k | ▼ 83.2% |
| Amounts payable within one year42/48 | €2k | €2k | €18k | €58k | €10k | ▼ 83.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0 | €0 | - |
| Trade debts44 | €450 | €1k | €2k | €4k | €5k | ▲ 12.9% |
| Suppliers440/4 | €450 | €1k | €2k | €4k | €5k | ▲ 12.9% |
| Taxes, remuneration and social security45 | €1k | €866 | €11k | €24k | €5k | ▼ 78.5% |
| Taxes450/3 | €1k | €866 | €11k | €24k | €5k | ▼ 78.5% |
| Other amounts payable47/48 | - | - | €4k | €30k | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €1k | €16k | €67k | €-25k | ▼ 137% |
| + Depreciation and write-downs630 | - | €58 | €307 | €711 | €1k | ▲ 48.7% |
| Operating cash flow (approximation) | €3k | €1k | €16k | €67k | €-24k | ▼ 135% |
| Investment in fixed assets (approximation) | - | - | €-2k | €-2k | €-776 | ▲ 57.4% |
| Change in cash | - | €1k | €19k | €59k | €-61k | ▼ 203% |
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
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-25k
Net result drops to €-25k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.61
Current ratio from 2.02 to 4.61; short-term debt falls from €58k to €10k.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €67k ▲317%
Operating result €86k, net result €67k, both a record.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Wanze · 1 establishment unit since 2021
Ground area
1,122 m²
Building footprint
102 m²
Volume, LiDAR
662 m³
Parcel 61070B0445/00R000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TGM Consult
since 20212.324.173.052
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61070B0445/00R000 | Wallonia | 1,122 m² | 1 · 102 m² | 7.9 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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,886 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
56210Event catering
70200Business and other management consultancy
73300Public relations and communication consultancy
82990Other business support services
85592Vocational training
Contact
E-mail
tgmconsult@hotmail.com
Phone
+32475864829
Scores and ratios are computed by Checked and are not a credit decision.