Summary
TGW HOLDING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €719k and a net result of €49k. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 46% of 6156 sector peers (fiscal year 2024). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
30 d late
2022
5 d early
2021
20 d early
2020
41 d early
2019
23 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€719k▲ 7.3%
2023 · €670k
2019: €669k
2020: €668k
2021: €670k
2022: €663k
2023: €670k
2019 → 2024
Net result
€49k▲ 603%
2023 · €7k
2019: €3k
2020: €-1k
2021: €2k
2022: €-7k
2023: €7k
2019 → 2024
Total assets
€1.51M▲ 1.9%
2023 · €1.48M
2019: €1.17M
2020: €1.18M
2021: €1.26M
2022: €1.32M
2023: €1.48M
2019 → 2024
Solvency
47.6%▲ 2.4pp
2023 · 45.2%
2019: 57.2%
2020: 56.5%
2021: 53.4%
2022: 50.2%
2023: 45.2%
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€668k-€670k▲ 0.3%€663k▼ 1.1%€670k▲ 1.0%€719k▲ 7.3%
Operating result€-272-€4k€2k▼ 38.5%€10k▲ 321%€62k▲ 522%
Net result€-1k-€2k€-7k€7k€49k▲ 603%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 522% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.51M
Fixed assets
€738k =
Current assets
€770k ▲ 3.7%
Equity and liabilities €1.51M
Equity
€719k ▲ 7.3%
Debt
€790k ▼ 2.6%
Debt's share of the balance-sheet total falls from 54.8% to 52.4%. Equity is higher and debt is lower.
Key figures and ratios
ROE
6.8%▲
2023 · 1.0%
ROA
3.2%▲
2023 · 0.5%
Debt ≤ 1 year
€790k▼
2023 · €811k
Income taxes
€13k▲
2023 · €3k
Staff costs
€256k▼
2023 · €392k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.48M€1.51M▲
Fixed assets21/28€738k€738k=
Financial fixed assets28€738k€738k=
Current assets29/58€742k€770k▲
Amounts receivable within one year40/41€713k€749k▲
Trade receivables40-€34k
Other amounts receivable41€713k€715k▲
Cash at bank and in hand54/58€23k€22k▼
Deferred charges and accrued income490/1€6k€33▼
Equity and liabilities
Total equity and liabilities10/49€1.48M€1.51M▲
Equity10/15€670k€719k▲
Contributions10/11€654k€654k=
Reserves13€16k€64k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€16k€64k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€811k€790k▼
Amounts payable within one year42/48€811k€790k▼
Trade debts44€2k€13k▲
Suppliers440/4€2k€13k▲
Taxes, remuneration and social security45€74k€44k▼
Taxes450/3€10k€0▼
Remuneration and social security454/9€64k€44k▼
Other amounts payable47/48€735k€733k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62€392k€256k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€404k€319k▼
Operating profit (loss)9901€10k€62k▲
Financial income75/76B€80€33▼
Recurring financial income75€80€33▼
Financial charges65/66B€104€44▼
Recurring financial charges65€104€44▼
Profit (loss) for the period before taxes9903€10k€61k▲
Income taxes67/77€3k€13k▲
Profit (loss) for the period9904€7k€49k▲
Profit (loss) for the period to be appropriated9905€7k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€49k▲
Profit (loss) brought forward from the previous period14P€-4k€0▲
Transfer from equity791/2€0-
Transfer to equity691/2€3k€49k▲
To other reserves6921€3k€49k▲
Social balance
Average headcount (FTE)90873.03.0=
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
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2019net €49k ▲603%
Operating result €62k, net result €49k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Weakest financial yearnet €-7k ▼448%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
11-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2020
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Dilsen-Stokkem · 1 establishment unit since 2014
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.
Teutelbergstraat 633650 Dilsen-StokkemGround area
1.4 ha
Building footprint
1,068 m²
Parcel 73043B0289/00G006, Flanders. Linked by address, not a title deed.
1 establishment unit
TGW Holding
since 20142.235.974.813
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73043B0289/00G006 | Flanders | 1.4 ha | 1 · 1,068 m² | - |
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.
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BE 0737.544.844
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VOSKO
BE 0473.583.296
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,295 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.