TGW IMMO
ActiveTGW IMMO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €281k and a net result of €15k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 26% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-35
Solvency6=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days only on tighter terms
Liquidity short (current ratio 0.42 against 0.44 in 2023), and 91.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
2 d late
2022
2 d early
2021
33 d early
2020
31 d early
2019
3 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€281k▲ 5.8%
2023 · €266k
2018: €173k
2019: €185k
2020: €187k
2021: €212k
2022: €233k
2023: €266k
2018 → 2024
Total assets
€3.15M▼ 0.4%
2023 · €3.16M
2018: €1.83M
2019: €2.70M
2020: €2.82M
2021: €2.91M
2022: €2.90M
2023: €3.16M
2018 → 2024
Net result
€15k▼ 53.2%
2023 · €33k
2018: €3k
2019: €12k
2020: €2k
2021: €26k
2022: €21k
2023: €33k
2018 → 2024
Working capital
€-746k▼ 11.1%
2023 · €-672k
2018: €-171k
2019: €-258k
2020: €-409k
2021: €-546k
2022: €-579k
2023: €-672k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€187k-€212k▲ 13.7%€233k▲ 9.7%€266k▲ 14.1%€281k▲ 5.8%
Operating result€52k-€75k▲ 43.9%€76k▲ 0.2%€110k▲ 45.1%€87k▼ 20.4%
Net result€2k-€26k▲ 1,318%€21k▼ 19.5%€33k▲ 59.6%€15k▼ 53.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 20% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.15M
Fixed assets
€2.60M▼ 0.9%
Current assets
€542k▲ 1.9%
Equity and liabilities €3.15M
Equity
€281k▲ 5.8%
Debt
€2.86M▼ 1.0%
The debt ratio falls from 91.6% to 91.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€222k▼
2023 · €258k
Cash flow
€150k▼
2023 · €181k
Solvency
8.9%▲
2023 · 8.4%
Current ratio
0.42▼
2023 · 0.44
Quick ratio
0.42▼
2023 · 0.44
Debt / equity
10.18▼
2023 · 10.88
ROE
5.5%▼
2023 · 12.4%
ROA
0.5%▼
2023 · 1.0%
Interest coverage
3.18▼
2023 · 3.64
Debt
€2.86M▼
2023 · €2.89M
Debt ≤ 1 year
€1.29M▲
2023 · €1.20M
Debt > 1 year
€1.58M▼
2023 · €1.69M
Income taxes
€2k▼
2023 · €6k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.16M€3.15M▼
Fixed assets21/28€2.63M€2.60M▼
Tangible fixed assets22/27€2.63M€2.60M▼
Land and buildings22€2.62M€2.60M▼
Plant, machinery and equipment23€4k€913▼
Furniture and vehicles24€1k€858▼
Current assets29/58€532k€542k▲
Amounts receivable within one year40/41€518k€522k▲
Other amounts receivable41€518k€522k▲
Cash at bank and in hand54/58€13k€18k▲
Deferred charges and accrued income490/1€250€2k▲
Equity and liabilities
Total equity and liabilities10/49€3.16M€3.15M▼
Equity10/15€266k€281k▲
Contributions10/11€95k€95k=
Reserves13€171k€187k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€171k€187k▲
Amounts payable17/49€2.89M€2.86M▼
Amounts payable after more than one year17€1.69M€1.58M▼
Financial debts170/4€1.69M€1.58M▼
Amounts payable within one year42/48€1.20M€1.29M▲
Current portion of amounts payable after more than one year42€176k€175k▼
Trade debts44€4k€90k▲
Suppliers440/4€4k€90k▲
Taxes, remuneration and social security45€0-
Taxes450/3€0-
Other amounts payable47/48€1.02M€1.02M▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€148k€134k▼
Other operating charges640/8€20k€20k▲
Gross operating margin9900€277k€242k▼
Operating profit (loss)9901€110k€87k▼
Financial income75/76B€10€8▼
Recurring financial income75€10€8▼
Financial charges65/66B€71k€70k▼
Recurring financial charges65€71k€70k▼
Profit (loss) for the period before taxes9903€39k€18k▼
Income taxes67/77€6k€2k▼
Profit (loss) for the period9904€33k€15k▼
Profit (loss) for the period to be appropriated9905€33k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€33k€15k▼
Transfer from equity791/2€0-
Transfer to equity691/2€33k€15k▼
To the legal reserve6920€33k€0▼
To other reserves6921€0€15k▲
The notes to these accounts (16 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
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
31-12
Financial
Highest result since 2018net €33k ▲59.6%
Operating result €110k, net result €33k, both a record.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €200kEq €212k ▲13.7%
4 profitable years in a row build equity to €212k.
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €2k ▼84.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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 2015
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 Immo
since 20152.239.364.566
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.
Similar companies · same sector, comparable size
STEPCO
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QUANTOR
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Vastgoed Gillis
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BOUWCOMFORT
BE 0871.691.983
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PLUME CORPORATION
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Of 7,287 companies in sector 68110 we hold annual accounts for 5,353. 3,835 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-01-2015
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.