TM RENOVATION
ActiveThe computed 12-month bankruptcy probability of TM RENOVATION is 3.8% (moderate). The 2025 annual accounts show negative equity (€-1k) and a net result of €-4k. Its solvency ranks better than 10% of 7331 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
20
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-72
Solvency21▼-61
Growth32
Track record94
Bankruptcy probability, 12 months
3.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.86 against 1.66 in 2024; short-term debt: 104% and cash: 3.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-4%
Return on assets
-15.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year €-1k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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 · 2 filingsDeviation from the deadline
2025
6 d late
2024
1 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-1k
2024 · €3k
2024: €3k
2024 → 2025
Total assets
€29k▲ 398%
2024 · €6k
2024: €6k
2024 → 2025
Net result
€-4k
2024 · €2k
2024: €2k
2024 → 2025
Working capital
€-4k
2024 · €2k
2024: €2k
2024 → 2025
Multi-year overview
Available amounts per fiscal year
Line20242025Trend
Equity€3k-€-1k
Operating result€5k-€-3k
Net result€2k-€-4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €3k after €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29k
Fixed assets
€3k▲ 90.6%
Current assets
€26k▲ 522%
Key figures and ratios
EBITDA
€-2k▼
2024 · €5k
Cash flow
€-3k▼
2024 · €2k
Solvency
-4.0%▼
2024 · 57.1%
Current ratio
0.86▼
2024 · 1.66
Quick ratio
0.86▼
2024 · 1.66
Debt / equity
-25.86▼
2024 · 0.75
ROA
-15.5%▼
2024 · 31.1%
Interest coverage
-1.44▼
2024 · 2.64
Debt
€30k▲
2024 · €2k
Debt ≤ 1 year
€30k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€6k€29k▲
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€596€326▼
Leasing and similar rights25-€860
Financial fixed assets28-€144
Current assets29/58€4k€26k▲
Amounts receivable within one year40/41€2k€25k▲
Trade receivables40-€23k
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€2k€942▼
Equity and liabilities
Total equity and liabilities10/49€6k€29k▲
Equity10/15€3k€-1k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€2k€-3k▼
Amounts payable17/49€2k€30k▲
Amounts payable within one year42/48€2k€30k▲
Trade debts44€138€23k▲
Suppliers440/4€138€23k▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€496€496=
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48-€4k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€308€1k▲
Other operating charges640/8€1k€644▼
Gross operating margin9900€6k€-1k▼
Operating profit (loss)9901€5k€-3k▼
Financial income75/76B-€30
Recurring financial income75-€30
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Non-recurring financial charges66B€475-
Profit (loss) for the period before taxes9903€2k€-4k▼
Income taxes67/77€496-
Profit (loss) for the period9904€2k€-4k▼
Profit (loss) for the period to be appropriated9905€2k€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€-3k▼
Profit (loss) brought forward from the previous period14P-€2k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
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, Asse · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Brusselsesteenweg 181730 AsseGround area
369 m²
Building footprint
167 m²
Volume, LiDAR
876 m³
Parcel 23322E0103/00N000, Flanders · tallest building 10.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TM RENOVATION
since 20232.346.970.131
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322E0103/00N000 | Flanders | 369 m² | 1 · 167 m² | 10.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Cojones
BE 1004.015.326
Rumst · Eq €3k
ENTREPRISE DE CONSTRUCTION HENNUY ALBIN
BE 0473.025.745
Rochefort · Eq €3k
AOX BUILD
BE 1014.518.149
Dilbeek · Eq €3k
BOUWWERKEN KRISTOF PAUWELS
BE 0765.709.882
Lievegem · Eq €3k
D & I TOITURE
BE 1011.132.552
Sint-Pieters-Leeuw · Eq €3k
Of 29,810 companies in sector 41001 we hold annual accounts for 16,032. 4,899 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-2023
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.