Equity
€1.8m ▲ 31.6%
TMB projects has made a profit without a break since 2016.
TMB projects
Lifetime
12 annual accounts with figures on one time axispeak €1.3m (2025)
€1.3m▲ 35.6%
lowest -€1,068 (2015)
€425,725▲ 173%
peak €1.8m (2025)
€1.8m▲ 31.6%
€1.1m▲ 19.2%
peak 5.8 FTE (2021)
-not published
Board1 name since 2021
1 directorMASSART Tom
Documentsfilings and deeds
12-06-202649 days before the deadline
2025micro format
Gross margin from €925,820 to €1.3mResult from €155,811 to €425,725Equity from €1.3m to €1.8mDebts from €921,166 to €1.1mCash from €131,878 to €593,641
Key points
from the 2025 annual accountsChecked score
98
Excellent
Financially stronger than 87% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: 0.1%▲ +0.1 percentage points vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026highest value
07-2026: < 0.1%▼ -0.1 percentage points vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €2.9m
Figures for financial year 2025 (filed on 12-06-2026)
Liquidity: current ratio 3.08, cash €593,641
Equity €1.8m (61.8% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 68, small). It does better than 76% of them on solvency, 92% on liquidity, 95% on profitability and 86% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as TMB projects has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of TMB projects itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for TMB projects. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.08 (2.59 in 2024), above the usual 1.5. Short-term debt is 22.5% and cash 20.7% of total assets. 38.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 days early
2024
42 days early
2023
30 days late
2022
48 days early
2021
19 days late
2020
40 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 June (4 of the last 5 accounts filed within 61 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0502558582
Legal-form change · Resignations & appointments
Resignation: MASSART Tom (director) · Appointment: MASSART Tom (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 25-06-2024 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden · Berlaar
Environmental permit refused
Bouwen of herbouwen · Putte
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TMB projects Putte | €2.9m | €1.3m | 61.8% | - |
| B.A.B.E.L. Kortemark | €2.7m | €1.1m | 13.2% | 15 |
| DERWECO Zele | €3.0m | €1.1m | 7.4% | 18.4 |
| POLLENTIA Lierde | €2.6m | €1.5m | 34.4% | 13.9 |
| GRISK Consulting Mont-Saint-Guibert | €3.1m | €1.7m | 42.6% | 13.7 |
| B&H Group Ghent | €2.7m | €0.8m | -13.1% | 12.9 |
| VERADA Zwevegem | €2.5m | €1.8m | 54.8% | 16.3 |
These companies have the same main activity as TMB projects: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €2.5m and €3.1m, founded between 2011 and 2013.
Official details
Source: KBO- Status
- Active since 07-01-2013Normal situation
- Activity
- Development of residential building projectsNACE 68121and 5 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.215.764.8622580 Putte, since 07-01-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 07-01-2026
Annual accounts 2025
- ≈ €1.6mestimated
- €2.9m▲ 26.5%
- Employeeson 31-12-2025
- 8▲ 14.3%
- Filing
- Filed on 12-06-2026, 49 days before the end of the filing period
Insights on TMB projects
TMB projects files the micro format. That format states no turnover. The gross margin rose from €59,729 in 2014 to €1.3m in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TMB projects
- What is the company number of TMB projects?
- The company number of TMB projects is 0502.558.582. The VAT number is the same number with BE in front: BE 0502.558.582.
- Where is TMB projects based?
- The registered office is at Kleistraat 12, 2580 Putte.Company details
- What does TMB projects do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of TMB projects?
- TMB projects is a private limited company (BV).
- When was TMB projects founded?
- TMB projects was founded on 07-01-2013.
- Is TMB projects still active?
- Yes, TMB projects is an active enterprise in the KBO register.
- How many employees does TMB projects have?
- TMB projects had an average of 6.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TMB projects fall under?
- In its 2025 annual accounts, TMB projects states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TMB projects?
- The turnover in financial year 2025 is ≈ €1.6m. This figure is estimated from the gross margin of €1.3m and 40 comparable companies (NACE 681). It probably lies between €1.3m and €3.4m.
- Is TMB projects profitable?
- In financial year 2025, TMB projects made a profit of €425,725.
- Where can I find the annual accounts of TMB projects?
- TMB projects filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TMB projects due?
- TMB projects must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.