TM
ActiveSummary
TM has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.10M and a net result of €41k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+25
Solvency94▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.08 against 10.79 in 2024; short-term debt: 7.2% and cash: 12.6% of total assets), and 30.5% 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 · 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
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
69.5%
Return on assets
0.6%
Age of the figures
9 mo
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
27 d early
2023
7 d late
2022
11 d early
2021
30 d early
2020
50 d early
2019
24 d early
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€585k
EBIT margin
25.5%
Net result
€41k▲ 319%
2024 · €10k
2018: €138k
2019: €148k
2020: €323k
2021: €1.49M
2022: €538k
2023: €59k
2024: €10k
2018 → 2025
Working capital
€572k▼ 60.1%
2024 · €1.43M
2018: €-947k
2019: €-773k
2020: €-577k
2021: €864k
2022: €2.22M
2023: €1.82M
2024: €1.43M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€585k
Equity€4.45M-€4.99M▲ 12.1%€5.05M▲ 1.2%€5.06M▲ 0.2%€5.10M▲ 0.8%
Operating result€394k-€455k▲ 15.6%€150k▼ 67.0%€101k▼ 32.7%€149k▲ 47.6%
Net result€1.49M-€538k▼ 63.9%€59k▼ 89.0%€10k▼ 83.6%€41k▲ 319%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 48% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.34M
Fixed assets
€6.24M ▲ 15.1%
Current assets
€1.10M ▼ 30.3%
Equity and liabilities €7.34M
Equity
€5.10M ▲ 0.8%
Provisions
€69k ▼ 1.8%
Debt
€2.17M ▲ 16.0%
Debt's share of the balance-sheet total rises from 26.7% to 29.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€317k▲
2024 · €273k
Cash flow
€208k▲
2024 · €181k
Current ratio
2.08▼
2024 · 10.79
Debt to equity
0.43▲
2024 · 0.37
ROE
0.8%▲
2024 · 0.2%
ROA
0.6%▲
2024 · 0.1%
Interest coverage
3.07▲
2024 · 2.33
Debt ≤ 1 year
€530k▲
2024 · €146k
Debt > 1 year
€1.64M▼
2024 · €1.73M
Income taxes
€19k▲
2024 · €8k
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 · 75 lines
Balance sheet
Code20242025
Assets
Total assets20/58€7.00M€7.34M▲
Fixed assets21/28€5.42M€6.24M▲
Tangible fixed assets22/27€1.82M€2.14M▲
Land and buildings22€1.61M€1.49M▼
Plant, machinery and equipment23€214k€169k▼
Furniture and vehicles24€334€195▼
Assets under construction and advance payments27-€485k
Financial fixed assets28€3.60M€4.10M▲
Companies linked by participating interests282/3-€4.10M
Participating interests282-€4.10M
Current assets29/58€1.58M€1.10M▼
Stocks and contracts in progress3-€0
Amounts receivable within one year40/41€387k€150k▼
Trade receivables40€11k€68k▲
Other amounts receivable41€377k€82k▼
Current investments50/53€800k€0▼
Other investments51/53-€0
Cash at bank and in hand54/58€347k€926k▲
Deferred charges and accrued income490/1€46k€26k▼
Equity and liabilities
Total equity and liabilities10/49€7.00M€7.34M▲
Equity10/15€5.06M€5.10M▲
Contributions10/11€1.36M€1.36M=
Capital10€1.36M€1.36M=
Issued capital100€1.36M€1.36M=
Reserves13€533k€531k▼
Non-distributable reserves130/1€136k€136k=
Legal reserve130€136k€136k=
Tax-exempt reserves132€204k€201k▼
Distributable reserves133€194k€194k=
Profit (loss) carried forward14€3.17M€3.21M▲
Provisions and deferred taxes16€70k€69k▼
Deferred taxes168€70k€69k▼
Amounts payable17/49€1.87M€2.17M▲
Amounts payable after more than one year17€1.73M€1.64M▼
Financial debts170/4€308k€217k▼
Credit institutions173-€217k
Other amounts payable178/9€1.42M€1.42M▲
Amounts payable within one year42/48€146k€530k▲
Current portion of amounts payable after more than one year42€110k€91k▼
Trade debts44€2k€389k▲
Suppliers440/4€2k€389k▲
Advances received on contracts in progress46-€10k
Taxes, remuneration and social security45€34k€40k▲
Taxes450/3€34k€36k▲
Remuneration and social security454/9-€4k
Accrued charges and deferred income492/3€1k€3k▲
Income statement
Code20242025
Operating income70/76A-€638k
Turnover70-€585k
Other operating income74-€52k
Non-recurring operating income76A€15k€0▼
Operating charges60/66A-€488k
Services and other goods61-€284k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€172k€167k▼
Other operating charges640/8€26k€37k▲
Gross operating margin9900€299k-
Operating profit (loss)9901€101k€149k▲
Financial income75/76B€32k€12k▼
Recurring financial income75€32k€12k▼
Income from current assets751-€12k
Financial charges65/66B€117k€104k▼
Recurring financial charges65€117k€104k▼
Debt charges650-€103k
Other financial charges652/9-€332
Profit (loss) for the period before taxes9903€16k€58k▲
Transfer from deferred taxes780€1k€1k▼
Income taxes67/77€8k€19k▲
Taxes670/3-€19k
Profit (loss) for the period9904€10k€41k▲
Transfer from tax-exempt reserves789€3k€2k▼
Profit (loss) for the period to be appropriated9905€12k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.17M€3.21M▲
Profit (loss) brought forward from the previous period14P€3.16M€3.17M▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (50 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
03-09
State Gazette act
Statutes amendment2 facts ▸
State Gazette act
Statutes amendment
2 facts ▸
- General meeting, 26-08-2026
- Statutes amendment
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €10k ▼83.6%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 7 days late
2023
31-12
Financial
Equity above €5MEq €5.05M ▲1.2%
6 profitable years in a row build equity to €5.05M.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity times 8current ratio 13.62
Current ratio from 1.80 to 13.62; short-term debt falls from €1.09M to €176k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.49M ▲362%
Net result €1.49M, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 1.80
Current ratio from 0.45 to 1.80.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €2MEq €2.64M ▲97.8%
2 profitable years in a row build equity to €2.64M.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 1997
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.
Chaussée de Bruxelles 2311410 WaterlooGround area
398 m²
Building footprint
353 m²
Parcel 25763L0346/00_000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Chaussée de Bruxelles 231, 1410 Waterloo
since 19972.064.402.104
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763L0346/00_000 | Wallonia | 398 m² | 1 · 353 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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Of 11,747 companies in sector 68310 we hold annual accounts for 6,905. 1,632 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 formPublic limited company
Founded28-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.