Checked.be
Active
BE 0899.717.263Private limited company
TM DISTRIBUTION
Rue François-Hittelet 84 ·5190 Jemeppe-sur-Sambre, Belgium· 18 yrs active
Sector: Wholesale trade
(46391)
Conclusion
TM DISTRIBUTION has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €683k and a net result of €92k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 63% of 6007 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €683k |
| Net result | €92k |
| Staff (FTE) | 2.7 |
| Better than sector | 63% |
Financial profile
88
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
67
Solvency
97
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€70k
estimate, not credit advice
Score history
73
2021
94
2022
86
2023
100
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.03 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.53 (≥ 1.0)
+5
Leverage
Debt/equity 0.85 (< 1.0)
+10
Profitability
ROE 13% (≥ 10%)
+10
Interest coverage
Interest coverage 12.4× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 04-07-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~17.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 54.0% | 41.8% | |
| Net result | €92k | €89k | |
| Equity | €683k | €1.19M | |
| Gross operating margin | €399k | €245k | |
| Staff costs | €149k | €631k |
€240k
+13.1%
21-24
€92k
+39.7%
21-24
€187k
+13.7%
21-24
€1.26M
+0.2%
21-24
€683k
+15.0%
21-24
€283k
+51.7%
21-24
3
+12.5%
21-24
€149k
+19.3%
21-24
€39k
+33.1%
21-24
€580k
-12.9%
21-24
€275k
+0.4%
21-24
€305k
-22.2%
21-24
2.03
+20.7%
21-24
1.53
+10.7%
21-24
54.0%
+14.7%
21-24
0.85
-24.3%
21-24
13.4%
+21.5%
21-24
7.3%
+39.4%
21-24
12.43
+13.0%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €240k | €212k | €303k | €193k |
| Net profit | €92k | €66k | €157k | €82k |
| Cash flow | €187k | €164k | €252k | €157k |
| Staff costs | €149k | €125k | €75k | €71k |
| Income taxes | €39k | €29k | €63k | €30k |
| Dividends | - | - | - | - |
| Total assets | €1.26M | €1.26M | €1.24M | €1.15M |
| Equity | €683k | €593k | €521k | €366k |
| Debt | €580k | €666k | €718k | €783k |
| of which ≤ 1y | €275k | €273k | €247k | €337k |
| of which > 1y | €305k | €392k | €472k | €446k |
| Working capital | €283k | €187k | €147k | €81k |
| Employees (FTE) | 2.7 | 2.4 | 2.6 | 2.6 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 2.03 | 1.68 | 1.60 | 1.24 |
| Quick ratio | 1.53 | 1.38 | 1.21 | 0.94 |
| Working capital ratio | 22.4% | 14.8% | 11.9% | 7.0% |
| Solvency | 54.0% | 47.1% | 42.0% | 31.8% |
| Debt / equity | 0.85 | 1.12 | 1.38 | 2.14 |
| Long-term debt ratio | 0.45 | 0.66 | 0.91 | 1.22 |
| Interest coverage | 12.43 | 11.00 | 28.68 | 18.64 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 7.3% | 5.2% | 12.7% | 7.1% |
| ROE | 13.4% | 11.1% | 30.1% | 22.4% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.26M | €1.26M | €1.24M | €1.15M |
| Fixed assets | 21/28 | €705k | €800k | €846k | €733k |
| Intangible fixed assets | 21 | €548 | €4k | €8k | €8k |
| Tangible fixed assets | 22/27 | €701k | €792k | €834k | €722k |
| Financial fixed assets | 28 | €4k | €4k | €4k | €4k |
| Current assets | 29/58 | €558k | €460k | €394k | €418k |
| Stocks & contracts in progress | 3 | €138k | €83k | €95k | €100k |
| Amounts receivable within one year | 40/41 | €147k | €153k | €120k | €89k |
| Cash & bank | 54/58 | €272k | €221k | €177k | €189k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.26M | €1.26M | €1.24M | €1.15M |
| Equity | 10/15 | €683k | €593k | €521k | €366k |
| Contributions / capital | 10/11 | €112k | €112k | €112k | €112k |
| Reserves | 13 | €524k | €432k | €367k | €208k |
| Provisions & deferred taxes | 16 | €572 | €848 | €1k | €2k |
| Amounts payable | 17/49 | €580k | €666k | €718k | €783k |
| Amounts payable after one year | 17 | €305k | €392k | €472k | €446k |
| Amounts payable within one year | 42/48 | €275k | €273k | €247k | €337k |
| Trade debts payable within one year | 44 | €104k | €141k | €101k | €149k |
| Income statement | |||||
| Gross operating margin | 9900 | €399k | €350k | €377k | €289k |
| Operating result | 9901 | €145k | €113k | €208k | €118k |
| Financial income | 75 | €5k | €119 | €4k | €4k |
| Financial charges | 65 | €19k | €19k | €11k | €10k |
| Result before taxes | 9903 | €130k | €94k | €219k | €112k |
| Income taxes | 67/77 | €39k | €29k | €63k | €30k |
| Net result for the period | 9904 | €92k | €66k | €157k | €82k |
| Result to be appropriated | 9905 | €93k | €67k | €159k | €84k |
Legal Structure
| NACE primary | Wholesale trade(46391) |
| Legal form | Private limited company(610) |
| Incorporation | 08-08-2008 |
| Status | Active |
| Postal code | 5190 |
Establishment units
TM Distribution
since 20082.173.409.417
Updates
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €66k ▼58.2%
Net result drops to €66k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €157k ▲91.1%
Operating result €208k, net result €157k, both a record.
31-12
Financial
Equity above €500kEq €521k ▲42.2%
2 profitable years in a row build equity to €521k.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 8 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 23 days late
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Wholesale trade46391
Names & trade names
| Legal nameFR | TM DISTRIBUTION |
| AbbreviationFR | TMD |
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