TM Workz
ActiveSummary
The computed 12-month bankruptcy probability of TM Workz is 4.1% (elevated). For TM Workz, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €3k and a net result of €4k. Equity remains stable across the filed fiscal years (±1.4% per year). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100▲+100
Solvency55▲+34
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five 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 · 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 2023Solvency, return and age of the figures
Solvency
29.6%
Return on assets
34.1%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-07-2024, 5 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
5 d early
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€3k
2022 · €-485
Total assets
€11k▼ 20.0%
2022 · €13k
Net result
€4k
2022 · €-4k
Working capital
€-1k▲ 72.3%
2022 · €-5k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202120222023
Operating result€2k-€-2k€5k
Net result€287-€-4k€4k
Equity€3k-€-485€3k
Total assets€7k-€13k▲ 89.7%€11k▼ 20.0%
Debt€4k-€14k▲ 266%€8k▼ 45.7%
Working capital€4k-€-5k€-1k▲ 72.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €5k after a loss of €2k in 2022, the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €11k
Fixed assets
€5k ▲ 4.5%
Current assets
€6k ▼ 31.6%
Equity and liabilities €11k
Equity
€3k
Debt
€8k
Debt finances 70.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€6k▲
2022 · €-2k
Cash flow
€5k▲
2022 · €-3k
Current ratio
0.82▲
2022 · 0.65
Debt to equity
2.37
ROE
115.2%
ROA
34.1%▲
2022 · -28.0%
Interest coverage
9.52▲
2022 · -1.91
Debt ≤ 1 year
€8k▼
2022 · €14k
Income taxes
€365▲
2022 · €291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €420 | €952 | ▲ 127% |
| Other operating charges640/8 | €628 | €405 | €64 | ▼ 84.3% |
| Gross operating margin9900 | €3k | €-2k | €6k | ▲ 452% |
| Operating profit (loss)9901 | €2k | €-2k | €5k | ▲ 291% |
| Financial charges65/66B | €1k | €1k | €586 | ▼ 44.3% |
| Recurring financial charges65 | €1k | €1k | €586 | ▼ 44.3% |
| Profit (loss) for the period before taxes9903 | €587 | €-3k | €4k | ▲ 216% |
| Income taxes67/77 | €300 | €291 | €365 | ▲ 25.3% |
| Profit (loss) for the period9904 | €287 | €-4k | €4k | ▲ 198% |
| Profit (loss) for the period to be appropriated9905 | €287 | €-4k | €4k | ▲ 198% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €7k | €13k | €11k | ▼ 20.0% |
| Fixed assets21/28 | - | €4k | €5k | ▲ 4.5% |
| Tangible fixed assets22/27 | - | €4k | €5k | ▲ 4.5% |
| Plant, machinery and equipment23 | - | €4k | €5k | ▲ 4.5% |
| Current assets29/58 | €7k | €9k | €6k | ▼ 31.6% |
| Amounts receivable within one year40/41 | €5k | €4k | €4k | ▲ 7.9% |
| Trade receivables40 | €4k | €2k | €4k | ▲ 67.5% |
| Other amounts receivable41 | €1k | €2k | €448 | ▼ 71.6% |
| Cash at bank and in hand54/58 | €2k | €4k | €2k | ▼ 59.8% |
| Deferred charges and accrued income490/1 | €334 | €1k | €547 | ▼ 51.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €7k | €13k | €11k | ▼ 20.0% |
| Equity10/15 | €3k | €-485 | €3k | ▲ 758% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €287 | €-3k | €195 | ▲ 106% |
| Amounts payable17/49 | €4k | €14k | €8k | ▼ 45.7% |
| Amounts payable within one year42/48 | €3k | €14k | €8k | ▼ 45.7% |
| Trade debts44 | €164 | €5k | €2k | ▼ 69.4% |
| Suppliers440/4 | €164 | €5k | €2k | ▼ 69.4% |
| Taxes, remuneration and social security45 | €300 | €300 | €400 | ▲ 33.3% |
| Taxes450/3 | €300 | €300 | €400 | ▲ 33.3% |
| Other amounts payable47/48 | €3k | €9k | €6k | ▼ 34.3% |
| Accrued charges and deferred income492/3 | €777 | - | - | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €287 | €-4k | €4k | ▲ 198% |
| + Depreciation and write-downs630 | - | €420 | €952 | ▲ 127% |
| Operating cash flow (approximation) | €287 | €-3k | €5k | ▲ 238% |
| Investment in fixed assets (approximation) | - | - | €-1k | - |
| Change in cash | - | €3k | €-3k | ▼ 196% |
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
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
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, Londerzeel · 1 establishment unit since 2020
Ground area
218 m²
Building footprint
97 m²
Parcel 23045F0092/00V003, Flanders. Linked by address, not a title deed.
1 establishment unit
TM Workz
since 20202.311.038.460
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045F0092/00V003 | Flanders | 218 m² | 1 · 96 m² | - |
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.
Identification & contact
Identification
Legal formPrivate limited company
Founded28-09-2020
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.