TM
ActiveSummary
The computed 12-month bankruptcy probability of TM is 8.7% (elevated). The 2025 annual accounts show negative equity (-€5,150) and a net result of -€6,461. Equity has been shrinking by about 218% per year since 2023. Its solvency ranks better than 7% of 2,396 sector peers (NACE 49, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 05-05-2022 Normal situation
- Activity
- On-demand passenger transport by chauffeured vehicle NACE 49330and 1 other
- Establishment unit
- 2.331.534.857 1850 Grimbergen, since 05-05-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 8.7%
- Gross margin
- €6,003
- ▼ 49.0%
- Turnover
- ≈ €36,000
- estimated
- Loss
- €6,461
- ▲ 30×
- Equity
- -€5,150
- Total assets
- €20,322
- ▼ 64.6%
- Negative equity on 31-12-2025
- 2025 accounts filed 29 days after the deadline
Score breakdownraises risk2 changes of registered office in 24 monthsSector: Land transport and transport via pipelines (NACE 49)Negative equity -€5,150lowers riskLiquidity: current ratio 0.45, cash €8,844Show the evidence
Checked score
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, micro). It does better than 5% of them on solvency, 52% on liquidity, 27% on profitability and 1% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 48 days after the deadline. In the sector (NACE 49), the median for financial year 2024 was on the deadline day, and 49% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 29 days after the deadline Filed on 29 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00452543.
Annual accounts 2025 filed on 29-08-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2025 is a loss of €5,407, after a profit of €145 in 2024. It is the lowest result since 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €10,868 | €22,699 | - |
| Financial fixed assets | - | €200 | - |
| Depreciation and write-downs of the year | €3,623 | €10,048 | €11,189 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,623 | €10,048 | €11,189 | ▲ 11.4% |
| Other operating charges640/8 | €1,367 | €1,569 | €222 | ▼ 85.9% |
| Gross operating margin9900 | €11,287 | €11,762 | €6,003 | ▼ 49.0% |
| Operating profit (loss)9901 | €6,297 | €145 | -€5,407 | - |
| Financial income75/76B | €1,307 | - | - | - |
| Recurring financial income75 | €1,307 | - | - | - |
| Financial charges65/66B | €74 | €157 | €776 | ▲ 396% |
| Recurring financial charges65 | €74 | €157 | €158 | ▲ 0.6% |
| Non-recurring financial charges66B | - | - | €618 | - |
| Profit (loss) for the period before taxes9903 | €7,531 | -€12 | -€6,183 | ▼ 51,730% |
| Income taxes67/77 | - | €207 | €278 | ▲ 34.4% |
| Profit (loss) for the period9904 | €7,531 | -€219 | -€6,461 | ▼ 2,852% |
| Profit (loss) for the period to be appropriated9905 | €7,531 | -€219 | -€6,461 | ▼ 2,852% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €26,006 | €57,467 | €20,322 | ▼ 64.6% |
| Fixed assets21/28 | €7,245 | €20,096 | €8,908 | ▼ 55.7% |
| Tangible fixed assets22/27 | €7,245 | €19,896 | €8,708 | ▼ 56.2% |
| Furniture and vehicles24 | €7,245 | €19,896 | €8,708 | ▼ 56.2% |
| Financial fixed assets28 | - | €200 | €200 | = |
| Current assets29/58 | €18,761 | €37,370 | €11,415 | ▼ 69.5% |
| Amounts receivable within one year40/41 | €1,040 | €24,839 | €2,571 | ▼ 89.7% |
| Trade receivables40 | - | €24,174 | €2,571 | ▼ 89.4% |
| Other amounts receivable41 | €1,040 | €665 | - | - |
| Cash at bank and in hand54/58 | €17,721 | €12,532 | €8,844 | ▼ 29.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €26,006 | €57,467 | €20,322 | ▼ 64.6% |
| Equity10/15 | €1,531 | €1,312 | -€5,150 | - |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | = |
| Contributions outside capital11 | - | €1,000 | €1,000 | = |
| Share premium1100/10 | - | €1,000 | €1,000 | = |
| Reserves13 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | €100 | €100 | = |
| Reserves not available under the articles1311 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €431 | €212 | -€6,250 | - |
| Provisions and deferred taxes16 | - | €87 | - | - |
| Provisions for liabilities and charges160/5 | - | €87 | - | - |
| Other liabilities and charges164/5 | - | €87 | - | - |
| Amounts payable17/49 | €24,475 | €56,068 | €25,472 | ▼ 54.6% |
| Amounts payable within one year42/48 | €24,475 | €56,068 | €25,472 | ▼ 54.6% |
| Trade debts44 | - | €25,129 | €3,024 | ▼ 88.0% |
| Suppliers440/4 | - | €25,129 | €3,024 | ▼ 88.0% |
| Taxes, remuneration and social security45 | - | €1,255 | €258 | ▼ 79.4% |
| Taxes450/3 | - | €207 | €258 | ▲ 24.8% |
| Remuneration and social security454/9 | - | €1,048 | - | - |
| Other amounts payable47/48 | €24,475 | €29,684 | €22,190 | ▼ 25.2% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,531 | -€219 | -€6,461 | ▼ 2,852% |
| + Depreciation and write-downs630 | €3,623 | €10,048 | €11,189 | ▲ 11.4% |
| Operating cash flow (approximation) | €11,153 | €9,829 | €4,727 | ▼ 51.9% |
| Investment in fixed assets (approximation) | - | -€22,899 | €0 | - |
| Change in cash | - | -€5,189 | -€3,688 | ▲ 28.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as TM has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TM itself: 8.7% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for TM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Shareholders
- AL MARIMAR Taha 75 shares
- BEN HILAL Hicham 25 shares
- AL MARIMAR Taha to BEN HILAL Hicham 25 shares
- AL MARIMAR Taha 100 shares (100%) · €1,000 in cash
Capital transactions
- 09-05-2022 Incorporation · €1,000 · 100 shares
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| AL MARIMAR Taha |
|
| BEN HILAL Hicham |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking, 1”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 09-05-2022 (in Dutch)
Network & group
TM shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of TM. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-07
Gazette deed
Registered office moved to VilvoordeNew seat: Amazonenlaan 63 - 1800 Vilvoorde · Director in office4 points ▸
- General meeting, 13-03-2026
- Registered-office move, Amazonenlaan 63 - 1800 Vilvoorde
- Director in office, Al Marimar Taha (director)
- Director in office, Ben Hilal Hicham (director)
01-07
Gazette deed
Registered office moved within GrimbergenNew seat: Hof Ter Weerestraat 80, 1850 Grimbergen · Previous seat: Tangedallan 37, 1850 Grimbergen · Director in office4 points ▸
- General meeting, 27-01-2025
- Director in office, Al Marimar Taha (director)
- Director in office, Ben Hilal Hicham (director)
- Registered-office move, Hof Ter Weerestraat 80, 1850 Grimbergen
21-10
Gazette deed
Transfer of 25 sharesAppointment: BEN HILAL Hicham (director) · Shareholding5 points ▸
- General meeting, 11-10-2022
- Share transfer, AL MARIMAR Taha → BEN HILAL Hicham
- AL MARIMAR Taha holds 75 shares
- BEN HILAL Hicham holds 25 shares
- Director appointment, BEN HILAL Hicham (director)
09-05
Gazette deed
IncorporationStarting capital €1,000 · Appointment: AL MARIMAR Taha (director) · Founder9 points ▸
- Founder, AL MARIMAR Taha (comparant)
- Incorporation, “TM” (deed in Dutch)
- Other provision, “inlichting artikel 2:3 Wetboek van vennootschappen en verenigingen en zijn gevolgen” (deed in Dutch)
- Founding capital, €1,000
- Capital
- Board rule, 1
- Director appointment, AL MARIMAR Taha (director)
- Other provision, 31-12-2023, “dag van verkrijging rechtspersoonlijkheid” (deed in Dutch)
- Other provision, “dag van verkrijging rechtspersoonlijkheid,hetzij dag van neerlegging ter griffie van uitgifte oprichtingsakte, begin werkzaamheden” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23025I0301/00K000 | Flanders | 394 m² | 1 · 132 m² | 11.9 m · 3 |
| 23088A0107/00W005 | Flanders | 230 m² | 1 · 60 m² | 11.4 m · 3 |