TL-PROJECT
ActiveTL-PROJECT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88k and a net result of €33k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +14 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+96
Solvency98=
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.9 against 3.34 in 2024), and 42% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
58%
Return on assets
21.9%
Age of the figures
8 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
30 d late
2022
31 d late
2021
88 d late
2020
20 d late
2019
40 d late
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€88k▲ 60.7%
2024 · €55k
2018: €29k
2019: €53k
2020: €48k
2021: €47k
2022: €51k
2023: €55k
2024: €55k
2018 → 2025
Total assets
€152k▲ 60.9%
2024 · €95k
2018: €143k
2019: €159k
2020: €128k
2021: €115k
2022: €109k
2023: €83k
2024: €95k
2018 → 2025
Net result
€33k▲ 7,226%
2024 · €456
2018: €5k
2019: €24k
2020: €-5k
2021: €-370
2022: €4k
2023: €3k
2024: €456
2018 → 2025
Working capital
€98k▲ 53.6%
2024 · €64k
2018: €27k
2019: €76k
2020: €47k
2021: €68k
2022: €72k
2023: €75k
2024: €64k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€47k-€51k▲ 8.1%€55k▲ 6.4%€55k▲ 0.8%€88k▲ 60.7%
Operating result€2k-€6k▲ 173%€6k▲ 6.8%€586▼ 90.7%€46k▲ 7,826%
Net result€-370-€4k€3k▼ 13.6%€456▼ 86.2%€33k▲ 7,226%
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 7,826% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €152k
Fixed assets
€3k▼ 17.7%
Current assets
€149k▲ 64.3%
Equity and liabilities €152k
Equity
€88k▲ 60.7%
Debt
€64k▲ 61.3%
The debt ratio rises from 41.9% to 42.0%: debt grows faster than equity.
Key figures and ratios
EBITDA
€47k▲
2024 · €1k
Cash flow
€34k▲
2024 · €1k
Solvency
58.0%▼
2024 · 58.1%
Current ratio
2.90▼
2024 · 3.34
Quick ratio
2.90▼
2024 · 3.34
Debt / equity
0.72▲
2024 · 0.72
ROE
37.8%▲
2024 · 0.8%
ROA
21.9%▲
2024 · 0.5%
Interest coverage
88.92▲
2024 · 8.30
Debt
€64k▲
2024 · €40k
Debt ≤ 1 year
€51k▲
2024 · €27k
Income taxes
€13k
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€95k€152k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Land and buildings22€2k€2k▼
Plant, machinery and equipment23€1k€903▼
Current assets29/58€91k€149k▲
Stocks and contracts in progress3€75€101▲
Stocks30/36€75€101▲
Amounts receivable within one year40/41€85k€136k▲
Trade receivables40€72k€107k▲
Other amounts receivable41€13k€29k▲
Cash at bank and in hand54/58€2k€9k▲
Deferred charges and accrued income490/1€3k€3k=
Equity and liabilities
Total equity and liabilities10/49€95k€152k▲
Equity10/15€55k€88k▲
Contributions10/11€14k€14k=
Reserves13€34k€34k=
Distributable reserves133€34k€34k=
Profit (loss) carried forward14€7k€41k▲
Amounts payable17/49€40k€64k▲
Amounts payable within one year42/48€27k€51k▲
Trade debts44€20k€39k▲
Suppliers440/4€20k€39k▲
Taxes, remuneration and social security45€3k€12k▲
Taxes450/3€3k€12k▲
Other amounts payable47/48€4k-
Accrued charges and deferred income492/3€13k€13k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€686€686=
Other operating charges640/8€126€749▲
Gross operating margin9900€1k€48k▲
Operating profit (loss)9901€586€46k▲
Financial income75/76B€23€106▲
Recurring financial income75€23€106▲
Financial charges65/66B€153€530▲
Recurring financial charges65€153€530▲
Profit (loss) for the period before taxes9903€456€46k▲
Income taxes67/77-€13k
Profit (loss) for the period9904€456€33k▲
Profit (loss) for the period to be appropriated9905€456€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€41k▲
Profit (loss) brought forward from the previous period14P€7k€7k▲
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €33k ▲7226%
Operating result €46k, net result €33k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Liquidity times 7current ratio 23.69
Current ratio from 3.17 to 23.69; short-term debt falls from €33k to €3k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Weakest financial yearnet €-5k ▼121%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Balen · 1 establishment unit since 2011
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.
Steegsebaan 1812490 BalenGround area
1,752 m²
Building footprint
215 m²
Volume, LiDAR
1,448 m³
Parcel 13342B0895/00B000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TL - PROJECT
since 20112.204.421.109
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13342B0895/00B000 | Flanders | 1,752 m² | 1 · 215 m² | 10.2 m · 2 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.
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D’MB SOLAR
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FDG-Construct
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,269. 8,763 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-08-2011
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.