Financials
- Fiscal year
- 2025
- Total assets
- €1.2m
- Profit
- €162,582
- Solvency
- 18.5%
Total assets▲ 25.9%
Net result
20182025
TM MONTAGE
ActiveSummary
TM MONTAGE has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €227,918 and a net result of €162,582. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 193 sector peers (NACE 33, fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Activity
Repair, maintenance and installation of machinery and equipment
NACE 33190Repair and maintenance of fabricated metal products NACE 33110
#10 employer in Seraing, Manufacturing sector1 site
Size
€1.2mtotal assets 2025
- Staff
- 22.3 FTE
- Equity
- €227,918
- Profit
- €162,582
Structure
- Parent
- CoPréFo · 83.15%
Accounts 162 days early0 of 7 deeds read
Why 70- Sector Repair, maintenance and installation of machinery and equipment (NACE 33)- Equity €227,918 (18.5% of total assets)- Liquidity: current ratio 1.15, cash €26,300- Size: 22.3 FTE, total assets €1.2mShow the evidence
Checked score
Score 2025
70
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 51% of its sector peers (NACE 33, small)
Financial strength · tick = 2024
Average
Solvency
43+24
equity 18.5% of total assets
Liquidity
8+6
short-term debt 81.5% · cash 2.1%
Profitability
85+55
return on assets 13.2%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.8%
12-2024: 1.8%● unchanged vs 11-2024
01-2025: 1.8%● unchanged vs 12-2024
02-2025: 1.8%● unchanged vs 01-2025
03-2025: 2.5%▲ +0.7 percentage points vs 02-2025highest value
04-2025: 2.5%● unchanged vs 03-2025highest value
05-2025: 2.5%● unchanged vs 04-2025highest value
06-2025: 2.5%● unchanged vs 05-2025highest value
07-2025: 2.5%● unchanged vs 06-2025highest value
08-2025: 2.5%● unchanged vs 07-2025highest value
09-2025: 2.4%▼ -0.1 percentage points vs 08-2025
10-2025: 2.4%● unchanged vs 09-2025
11-2025: 2.4%● unchanged vs 10-2025
12-2025: 2.4%● unchanged vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.4%● unchanged vs 01-2026
03-2026: 0.7%▼ -1.7 percentage points vs 02-2026lowest value
04-2026: 0.7%● unchanged vs 03-2026lowest value
05-2026: 0.7%● unchanged vs 04-2026lowest value
06-2026: 0.7%● unchanged vs 05-2026lowest value
07-2026: 0.7%● unchanged vs 06-2026lowest value
08-2026: 0.7%● unchanged vs 07-2026lowest value
09-2026: 0.7%● unchanged vs 08-2026lowest value
10-2026: 0.7%● unchanged vs 09-2026lowest value
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.15 against 0.99 in 2024; short-term debt: 81.5% and cash: 2.1% of total assets), and 81.5% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 33, small): better than 23% on solvency, 5% on liquidity, 79% on profitability and 99% on growth.
The bankruptcy probability was computed on 07-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 193 sector peers (2025).
NBB · sector comparisonPosition among 193 sector peers
Solvency
better than 20%
← weakest
strongest →
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 19-02-2026, 162 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
162 days early
2024
156 days early
2023
142 days early
2022
133 days early
2021
31 days early
2020
52 days early
2019
67 days 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 106 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 12 March (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Highest result since 2018net €162,582 ▲1,877%
- Equity above €200,000Eq €227,918
Key points
By topic
Board & ownership
- Parent
- CoPréFo · 83.15%
Timeline
- Events
- 14
- Since
- 2017
- Next accounts
- by 31-07-2027
- 25-02-2025Annual accounts filed
- 11-03-2024Annual accounts filed
- 20-03-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Repair, maintenance and installation of machinery and equipmentNACE 33190
- Founded
- 31-07-1991
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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