Summary
TM CONSULT has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €73,598 and a net result of -€10,347. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 33% of 1672 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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
26 d late
2024
28 d late
2023
19 d early
2022
30 d late
2021
4 d early
2020
12 d late
2019
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
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. Usually files around 26 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€10,347
2024 · €21,426
Working capital
-€167,169▼ 28.6%
2024 · -€129,987
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€24,614▲ 99.2%€14,728▼ 40.2%€15,500▲ 5.2%€30,556▲ 97.1%-€6,199
Net result€14,545within the sector's middle half▲ 218%€8,338within the sector's middle half▼ 42.7%€8,887within the sector's middle half▲ 6.6%€21,426within the sector's middle half▲ 141%-€10,347below the sector's middle half
Equity€49,294within the sector's middle half▲ 41.9%€57,632within the sector's middle half▲ 16.9%€66,519within the sector's middle half▲ 15.4%€83,945within the sector's middle half▲ 26.2%€73,598within the sector's middle half▼ 12.3%
Total assets€256,303within the sector's middle half▼ 7.1%€247,045within the sector's middle half▼ 3.6%€281,429within the sector's middle half▲ 13.9%€313,768within the sector's middle half▲ 11.5%€307,732within the sector's middle half▼ 1.9%
Debt€207,009▼ 14.1%€189,414▼ 8.5%€214,910▲ 13.5%€229,823▲ 6.9%€234,135▲ 1.9%
Working capital-€150,924below the sector's middle half▲ 7.5%-€175,709below the sector's middle half▼ 16.4%-€129,757below the sector's middle half▲ 26.2%-€129,987below the sector's middle half▼ 0.2%-€167,169below the sector's middle half▼ 28.6%
Solvency19.2%within the sector's middle half▲ 6.6pp23.3%within the sector's middle half▲ 4.1pp23.6%within the sector's middle half▲ 0.3pp26.8%within the sector's middle half▲ 3.1pp23.9%within the sector's middle half▼ 2.8pp
Current ratio0.14below the sector's middle half▼ 0.030.07below the sector's middle half▼ 0.070.27below the sector's middle half▲ 0.200.37below the sector's middle half▲ 0.090.12below the sector's middle half▼ 0.25
Return on assets (ROA)5.7%within the sector's middle half▲ 4.0pp3.4%within the sector's middle half▼ 2.3pp3.2%within the sector's middle half▼ 0.2pp6.8%within the sector's middle half▲ 3.7pp-3.4%below the sector's middle half▼ 10.2pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6,199 after €30,556 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €307,732
Fixed assets
€284,933 ▲ 19.2%
Current assets
€22,799 ▼ 69.5%
Equity and liabilities €307,732
Equity
€73,598 ▼ 12.3%
Debt
€234,135 ▲ 1.9%
Debt's share of the balance-sheet total rises from 73.2% to 76.1%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-14.1%▼
2024 · 25.5%
Debt ≤ 1 year
€189,968▼
2024 · €204,758
Debt > 1 year
€44,166▲
2024 · €25,065
Income taxes
€498▼
2024 · €5,882
Staff costs
€463▲
2024 · -€947
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €19,008 | - |
| Remuneration, social security and pensions62 | €20,665 | €21,930 | €20,411 | -€947 | €463 | ▲ 149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,495 | €1,193 | €1,045 | €1,329 | €8,218 | ▲ 518% |
| Other operating charges640/8 | €2,416 | €1,071 | €1,012 | €1,774 | €7,570 | ▲ 327% |
| Gross operating margin9900 | €60,190 | €38,922 | €37,968 | €32,712 | €10,051 | ▼ 69.3% |
| Operating profit (loss)9901 | €24,614 | €14,728 | €15,500 | €30,556 | -€6,199 | ▼ 120% |
| Financial income75/76B | €19 | €0 | €0 | - | €9 | - |
| Recurring financial income75 | €19 | €0 | €0 | - | €9 | - |
| Financial charges65/66B | €2,377 | €2,429 | €3,398 | €3,248 | €3,658 | ▲ 12.6% |
| Recurring financial charges65 | €2,377 | €2,429 | €3,398 | €3,248 | €3,658 | ▲ 12.6% |
| Profit (loss) for the period before taxes9903 | €22,257 | €12,299 | €12,102 | €27,308 | -€9,849 | ▼ 136% |
| Income taxes67/77 | €7,711 | €3,961 | €3,215 | €5,882 | €498 | ▼ 91.5% |
| Profit (loss) for the period9904 | €14,545 | €8,338 | €8,887 | €21,426 | -€10,347 | ▼ 148% |
| Profit (loss) for the period to be appropriated9905 | €14,545 | €8,338 | €8,887 | €21,426 | -€10,347 | ▼ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €256,303 | €247,045 | €281,429 | €313,768 | €307,732 | ▼ 1.9% |
| Fixed assets21/28 | €232,520 | €233,605 | €233,160 | €238,997 | €284,933 | ▲ 19.2% |
| Intangible fixed assets21 | €1,213 | €913 | €613 | €313 | €56 | ▼ 82.0% |
| Tangible fixed assets22/27 | €1,217 | €2,602 | €1,857 | €7,993 | €54,187 | ▲ 578% |
| Furniture and vehicles24 | €1,217 | €2,602 | €1,857 | €7,993 | €5,849 | ▼ 26.8% |
| Leasing and similar rights25 | €0 | - | - | - | €48,338 | - |
| Financial fixed assets28 | €230,090 | €230,090 | €230,690 | €230,690 | €230,690 | = |
| Current assets29/58 | €23,783 | €13,440 | €48,268 | €74,771 | €22,799 | ▼ 69.5% |
| Amounts receivable within one year40/41 | €21,462 | €11,840 | €43,574 | €74,384 | €21,656 | ▼ 70.9% |
| Trade receivables40 | €0 | - | €31,725 | €55,950 | €1,100 | ▼ 98.0% |
| Other amounts receivable41 | €21,462 | €11,840 | €11,849 | €18,434 | €20,556 | ▲ 11.5% |
| Cash at bank and in hand54/58 | €2,256 | €982 | €4,489 | €387 | €116 | ▼ 70.2% |
| Deferred charges and accrued income490/1 | €64 | €617 | €205 | €0 | €1,028 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €256,303 | €247,045 | €281,429 | €313,768 | €307,732 | ▼ 1.9% |
| Equity10/15 | €49,294 | €57,632 | €66,519 | €83,945 | €73,598 | ▼ 12.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €28,834 | €37,172 | €46,059 | €63,485 | €53,138 | ▼ 16.3% |
| Amounts payable17/49 | €207,009 | €189,414 | €214,910 | €229,823 | €234,135 | ▲ 1.9% |
| Amounts payable after more than one year17 | €30,823 | €265 | €36,885 | €25,065 | €44,166 | ▲ 76.2% |
| Financial debts170/4 | €30,823 | €265 | €36,885 | €25,065 | €44,166 | ▲ 76.2% |
| Amounts payable within one year42/48 | €174,706 | €189,149 | €178,025 | €204,758 | €189,968 | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | €36,034 | €30,558 | €11,545 | €11,664 | €19,329 | ▲ 65.7% |
| Trade debts44 | €2,606 | €27,861 | €25,641 | €24,740 | €4,078 | ▼ 83.5% |
| Suppliers440/4 | €2,606 | €27,861 | €25,641 | €24,740 | €4,078 | ▼ 83.5% |
| Advances received on contracts in progress46 | €23,342 | €4,044 | €4,044 | €4,044 | €4,044 | = |
| Taxes, remuneration and social security45 | €28,678 | €31,403 | €25,510 | €24,354 | €14,755 | ▼ 39.4% |
| Taxes450/3 | €22,705 | €25,070 | €18,280 | €24,354 | €14,755 | ▼ 39.4% |
| Remuneration and social security454/9 | €5,973 | €6,333 | €7,230 | €0 | - | - |
| Other amounts payable47/48 | €84,046 | €95,283 | €111,285 | €139,956 | €147,762 | ▲ 5.6% |
| Accrued charges and deferred income492/3 | €1,481 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,545 | €8,338 | €8,887 | €21,426 | -€10,347 | ▼ 148% |
| + Depreciation and write-downs630 | €12,495 | €1,193 | €1,045 | €1,329 | €8,218 | ▲ 518% |
| Operating cash flow (approximation) | €27,040 | €9,532 | €9,932 | €22,755 | -€2,129 | ▼ 109% |
| Investment in fixed assets (approximation) | - | -€2,279 | -€600 | -€7,165 | -€54,154 | ▼ 656% |
| Change in cash | - | -€1,274 | €3,507 | -€4,102 | -€272 | ▲ 93.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet -€10,347
Net result drops to -€10,347, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €21,426 ▲141%
Operating result €30,556, net result €21,426, both a record.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €2,145
Net result €2,145 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Thuin · 1 establishment unit since 2005
Ground area
1,205 m²
Building footprint
100 m²
Volume, LiDAR
943 m³
Parcel 56030C0271/00R000, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TM CONSULT
since 20052.147.128.652
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56030C0271/00R000 | Wallonia | 1,205 m² | 1 · 100 m² | 11.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of TM CONSULT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 5,607 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-04-2005
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
64210Activities of holding companies
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0873122041
Registered
21-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.