TM GAZ
ActiveSummary
TM GAZ has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40,466 and a net result of €4,050. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+7
Solvency30▼-1
Growth65▲+11
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 0.8 in 2024; short-term debt: 17.4% and cash: 36.8% of total assets), but 94.6% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
5.4%
Return on assets
0.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 10522 sector peers (2025).
NBB · sector comparisonPosition among 10522 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 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
15 d late
2024
7 d late
2023
2 d early
2022
on the day
2021
2 d early
2020
3 d early
2019
41 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 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€524,607▼ 13.9%
2024 · €609,568
EBIT margin
4.0%▲ 1.4pp
2024 · 2.5%
Net result
€4,050
2024 · -€6,308
Working capital
€151,345
2024 · -€21,299
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Turnover€443,894▲ 41.2%€446,612▲ 0.6%€567,736▲ 27.1%€609,568▲ 7.4%€524,607▼ 13.9%
Operating result-€9,148▲ 12.8%€23,845€30,428▲ 27.6%€15,434▼ 49.3%€20,843▲ 35.1%
Net result-€16,054below the sector's middle half▼ 47.1%€16,240within the sector's middle half-€1,531within the sector's middle half-€6,308below the sector's middle half▼ 312%€4,050within the sector's middle half
EBIT margin-2.1%▲ 1.3pp5.3%▲ 7.4pp5.4%=2.5%▼ 2.8pp4.0%▲ 1.4pp
Equity€32,778within the sector's middle half▼ 32.9%€49,018below the sector's middle half▲ 49.5%€49,142below the sector's middle half▲ 0.3%€36,415within the sector's middle half▼ 25.9%€40,466below the sector's middle half▲ 11.1%
Total assets€445,514above the sector's middle half▲ 341%€475,308within the sector's middle half▲ 6.7%€635,280within the sector's middle half▲ 33.7%€599,746above the sector's middle half▼ 5.6%€742,922within the sector's middle half▲ 23.9%
Debt€405,070▲ 3,356%€426,290▲ 5.2%€586,138▲ 37.5%€563,331▼ 3.9%€702,456▲ 24.7%
Working capital€93,382above the sector's middle half▲ 20.5%€54,269within the sector's middle half▼ 41.9%€66,142within the sector's middle half▲ 21.9%-€21,299below the sector's middle half€151,345within the sector's middle half
Solvency7.4%within the sector's middle half▼ 41.0pp10.3%below the sector's middle half▲ 3.0pp7.7%below the sector's middle half▼ 2.6pp6.1%within the sector's middle half▼ 1.7pp5.4%below the sector's middle half▼ 0.6pp
Current ratio3.50above the sector's middle half▼ 4.111.75within the sector's middle half▼ 1.751.61within the sector's middle half▼ 0.130.80below the sector's middle half▼ 0.812.17within the sector's middle half▲ 1.37
Return on assets (ROA)-3.6%below the sector's middle half▲ 7.2pp3.4%within the sector's middle half▲ 7.0pp-0.2%within the sector's middle half▼ 3.7pp-1.1%within the sector's middle half▼ 0.8pp0.5%within the sector's middle half▲ 1.6pp
Staff (FTE)1.3below the sector's middle half1.1below the sector's middle half▼ 15.4%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €742,922
Fixed assets
€462,139 ▼ 10.2%
Current assets
€280,783 ▲ 231%
Equity and liabilities €742,922
Equity
€40,466 ▲ 11.1%
Debt
€702,456 ▲ 24.7%
Debt's share of the balance-sheet total rises from 93.9% to 94.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66,398▼
2024 · €70,184
Cash flow
€49,605▲
2024 · €48,443
Quick ratio
2.16▲
2024 · 0.69
Debt to equity
17.36▲
2024 · 15.47
ROE
10.0%▲
2024 · -17.3%
Interest coverage
3.87▲
2024 · 3.13
Debt ≤ 1 year
€129,438▲
2024 · €106,254
Debt > 1 year
€570,579▲
2024 · €456,267
Income taxes
€162▼
2024 · €300
Staff costs
€78,189▲
2024 · €48,717
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,216 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
2.5%
stopped otherwise
96%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,216 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €443,894 | €446,612 | €567,736 | €609,568 | €524,607 | ▼ 13.9% |
| Non-recurring operating income76A | - | - | - | - | €38,017 | - |
| Goods, raw materials, services and sundry goods60/61 | €376,695 | €338,303 | €426,017 | €484,604 | €412,656 | ▼ 14.8% |
| Remuneration, social security and pensions62 | €24,695 | €49,779 | €59,540 | €48,717 | €78,189 | ▲ 60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,784 | €32,187 | €23,513 | €54,751 | €45,555 | ▼ 16.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €675 | - |
| Other operating charges640/8 | €45,868 | €2,499 | €28,236 | €6,063 | €4,706 | ▼ 22.4% |
| Gross operating margin9900 | €67,199 | €108,309 | €141,718 | €124,965 | €149,968 | ▲ 20.0% |
| Operating profit (loss)9901 | -€9,148 | €23,845 | €30,428 | €15,434 | €20,843 | ▲ 35.1% |
| Financial income75/76B | - | €1,604 | €329 | €999 | €546 | ▼ 45.3% |
| Recurring financial income75 | - | €224 | €329 | €999 | €546 | ▼ 45.3% |
| Non-recurring financial income76B | - | €1,380 | - | - | - | - |
| Financial charges65/66B | €6,906 | €9,209 | €21,430 | €22,441 | €17,176 | ▼ 23.5% |
| Recurring financial charges65 | €6,906 | €9,209 | €21,430 | €22,441 | €17,176 | ▼ 23.5% |
| Profit (loss) for the period before taxes9903 | -€16,054 | €16,240 | €9,328 | -€6,008 | €4,213 | ▲ 170% |
| Income taxes67/77 | - | - | €10,858 | €300 | €162 | ▼ 45.9% |
| Profit (loss) for the period9904 | -€16,054 | €16,240 | -€1,531 | -€6,308 | €4,050 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | -€16,054 | €16,240 | -€1,531 | -€6,308 | €4,050 | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €445,514 | €475,308 | €635,280 | €599,746 | €742,922 | ▲ 23.9% |
| Fixed assets21/28 | €314,778 | €348,394 | €461,162 | €514,791 | €462,139 | ▼ 10.2% |
| Tangible fixed assets22/27 | €312,728 | €346,344 | €459,112 | €512,741 | €460,089 | ▼ 10.3% |
| Land and buildings22 | €304,550 | €305,043 | €438,280 | €418,293 | €401,364 | ▼ 4.0% |
| Plant, machinery and equipment23 | €1,562 | €8,983 | €18,241 | €18,401 | €12,110 | ▼ 34.2% |
| Furniture and vehicles24 | €5,738 | €32,317 | €2,591 | €76,046 | €46,615 | ▼ 38.7% |
| Other tangible fixed assets26 | €878 | - | - | - | - | - |
| Financial fixed assets28 | €2,050 | €2,050 | €2,050 | €2,050 | €2,050 | = |
| Current assets29/58 | €130,736 | €126,914 | €174,118 | €84,955 | €280,783 | ▲ 231% |
| Stocks and contracts in progress3 | €23,750 | €4,500 | €21,750 | €12,000 | €1,825 | ▼ 84.8% |
| Stocks30/36 | €23,750 | €4,500 | €21,750 | €12,000 | €1,825 | ▼ 84.8% |
| Amounts receivable within one year40/41 | €19,038 | €5,274 | €24,948 | €5,158 | €5,912 | ▲ 14.6% |
| Trade receivables40 | €12,375 | €5,066 | €24,741 | €4,950 | €5,704 | ▲ 15.2% |
| Other amounts receivable41 | €6,663 | €208 | €208 | €208 | €208 | = |
| Cash at bank and in hand54/58 | €87,948 | €117,140 | €127,419 | €67,797 | €273,047 | ▲ 303% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €445,514 | €475,308 | €635,280 | €599,746 | €742,922 | ▲ 23.9% |
| Equity10/15 | €32,778 | €49,018 | €49,142 | €36,415 | €40,466 | ▲ 11.1% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Issued capital100 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €12,327 | €28,567 | €28,691 | €15,964 | €20,015 | ▲ 25.4% |
| Provisions and deferred taxes16 | €7,666 | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €7,666 | - | - | - | - | - |
| Major repairs and maintenance162 | €7,666 | - | - | - | - | - |
| Amounts payable17/49 | €405,070 | €426,290 | €586,138 | €563,331 | €702,456 | ▲ 24.7% |
| Amounts payable after more than one year17 | €366,313 | €353,645 | €475,773 | €456,267 | €570,579 | ▲ 25.1% |
| Financial debts170/4 | €366,313 | €353,645 | €475,773 | €456,267 | €570,579 | ▲ 25.1% |
| Amounts payable within one year42/48 | €37,354 | €72,645 | €107,976 | €106,254 | €129,438 | ▲ 21.8% |
| Financial debts43 | €12,467 | €13,714 | €12,872 | €14,160 | €13,290 | ▼ 6.1% |
| Credit institutions430/8 | €12,467 | €13,714 | €12,872 | €14,160 | €13,290 | ▼ 6.1% |
| Trade debts44 | €22,824 | €33,210 | €69,259 | €58,304 | €67,065 | ▲ 15.0% |
| Suppliers440/4 | €22,824 | €33,210 | €69,259 | €58,304 | €67,065 | ▲ 15.0% |
| Taxes, remuneration and social security45 | €2,063 | €25,721 | €25,845 | €33,790 | €29,083 | ▼ 13.9% |
| Taxes450/3 | - | €18,587 | €19,667 | €27,341 | €20,574 | ▼ 24.7% |
| Remuneration and social security454/9 | €2,063 | €7,133 | €6,177 | €6,449 | €8,509 | ▲ 31.9% |
| Other amounts payable47/48 | - | - | - | - | €20,000 | - |
| Accrued charges and deferred income492/3 | €1,403 | - | €2,389 | €810 | €2,439 | ▲ 201% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,054 | €16,240 | -€1,531 | -€6,308 | €4,050 | ▲ 164% |
| + Depreciation and write-downs630 | €5,784 | €32,187 | €23,513 | €54,751 | €45,555 | ▼ 16.8% |
| Operating cash flow (approximation) | -€10,270 | €48,427 | €21,983 | €48,443 | €49,605 | ▲ 2.4% |
| Investment in fixed assets (approximation) | - | -€65,802 | -€136,282 | -€108,379 | €7,097 | ▲ 107% |
| Change in cash | - | €29,192 | €10,279 | -€59,622 | €205,249 | ▲ 444% |
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
15-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 15 days late
2025
31-12
Financial
Back to profitnet €4,050
Net result €4,050 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.17
Current ratio from 0.80 to 2.17.
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €16,240
Net result €16,240 after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€16,054
Net result drops to -€16,054, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 7.61
Current ratio from 2.93 to 7.61; short-term debt falls from €23,288 to €11,720.
20-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €9,443
Net result €9,443 after one loss-making year.
14-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, La Louvière · 1 establishment unit since 1993
Ground area
217 m²
Building footprint
136 m²
Volume, LiDAR
629 m³
Parcel 55372C0043/00W004, Wallonia · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Gustave Boël(L.L) 15, 7100 La Louvière
since 19932.060.736.789
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55372C0043/00W004 | Wallonia | 217 m² | 1 · 136 m² | 6.1 m · 2 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.
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Of 10,663 companies in sector 47811 we hold annual accounts for 5,225. 3,182 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
Founded15-12-1992
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
Contact
E-mail
info@tmgaz.beLa Louvière
Phone
0498122083La Louvière
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448947573
Also
9925:BE0448947573
Registered
03-02-2026
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.