TMC GROUP
ActiveSummary
The computed 12-month bankruptcy probability of TMC GROUP is 4.5% (elevated). The annual accounts of TMC GROUP for fiscal year 2024 show a net loss of 77% of the equity at the start of that year. The 2024 annual accounts show equity of €11,185 and a net result of -€37,000. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 6720 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability33▼-38
Solvency28▼-9
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.73 against 0.82 in 2023; short-term debt: 58.4% of total assets), and 96.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
3.2%
Return on assets
-10.6%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 6720 sector peers (2024).
NBB · sector comparisonPosition among 6720 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-01-2026, 182 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
182 d late
2023
140 d late
2022
66 d late
2021
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 112 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€11,185▼ 76.8%
2023 · €48,185
Total assets
€348,343▼ 11.8%
2023 · €394,801
Net result
-€37,000
2023 · €9,941
Working capital
-€55,119▼ 81.8%
2023 · -€30,327
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
Line2021202220232024
Operating result€951-€22,167▲ 2,232%€25,302▲ 14.1%-€19,152
Net result-€3,223below the sector's middle half-€16,467within the sector's middle half€9,941within the sector's middle half▼ 39.6%-€37,000below the sector's middle half
Equity€21,777within the sector's middle half-€38,244within the sector's middle half▲ 75.6%€48,185within the sector's middle half▲ 26.0%€11,185within the sector's middle half▼ 76.8%
Total assets€154,973within the sector's middle half-€269,871within the sector's middle half▲ 74.1%€394,801above the sector's middle half▲ 46.3%€348,343above the sector's middle half▼ 11.8%
Debt€133,196-€231,627▲ 73.9%€346,616▲ 49.6%€337,159▼ 2.7%
Working capital-€14,091below the sector's middle half--€28,740below the sector's middle half▼ 104%-€30,327below the sector's middle half▼ 5.5%-€55,119below the sector's middle half▼ 81.8%
Solvency14.1%below the sector's middle half-14.2%below the sector's middle half▲ 0.1pp12.2%below the sector's middle half▼ 2.0pp3.2%below the sector's middle half▼ 9.0pp
Current ratio0.80below the sector's middle half-0.75below the sector's middle half▼ 0.050.82within the sector's middle half▲ 0.070.73below the sector's middle half▼ 0.09
Return on assets (ROA)-2.1%below the sector's middle half-6.1%within the sector's middle half▲ 8.2pp2.5%within the sector's middle half▼ 3.6pp-10.6%below the sector's middle half▼ 13.1pp
Staff (FTE)0.2-1.6▲ 700%
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
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 2024: a loss of €19,152 after €25,302 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €348,343
Fixed assets
€200,188 ▼ 22.7%
Current assets
€148,156 ▲ 9.2%
Equity and liabilities €348,343
Equity
€11,185 ▼ 76.8%
Debt
€337,159 ▼ 2.7%
Debt's share of the balance-sheet total rises from 87.8% to 96.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€59,980▼
2023 · €91,111
Cash flow
€42,131▼
2023 · €75,750
Debt to equity
30.14▲
2023 · 7.19
ROE
-330.8%▼
2023 · 20.6%
Interest coverage
3.36▼
2023 · 5.93
Debt ≤ 1 year
€203,275▲
2023 · €166,050
Debt > 1 year
€133,884▼
2023 · €180,566
Staff costs
€233,141▲
2023 · €183,665
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 647 companies that looked in July 2024 the way this one looks now, 6.6% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
6.6%
went bankrupt
5.6%
stopped otherwise
86%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.5% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 647 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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7,465 | €68,645 | €183,665 | €233,141 | ▲ 26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,669 | €35,195 | €65,810 | €79,132 | ▲ 20.2% |
| Other operating charges640/8 | €12,654 | €35,961 | €68,578 | €107,955 | ▲ 57.4% |
| Gross operating margin9900 | €44,738 | €161,968 | €343,355 | €401,075 | ▲ 16.8% |
| Operating profit (loss)9901 | €951 | €22,167 | €25,302 | -€19,152 | ▼ 176% |
| Financial charges65/66B | €4,174 | €5,699 | €15,361 | €17,848 | ▲ 16.2% |
| Recurring financial charges65 | €4,174 | €5,699 | €15,361 | €17,848 | ▲ 16.2% |
| Profit (loss) for the period before taxes9903 | -€3,223 | €16,467 | €9,941 | -€37,000 | ▼ 472% |
| Profit (loss) for the period9904 | -€3,223 | €16,467 | €9,941 | -€37,000 | ▼ 472% |
| Profit (loss) for the period to be appropriated9905 | -€3,223 | €16,467 | €9,941 | -€37,000 | ▼ 472% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €154,973 | €269,871 | €394,801 | €348,343 | ▼ 11.8% |
| Fixed assets21/28 | €97,836 | €184,780 | €259,078 | €200,188 | ▼ 22.7% |
| Tangible fixed assets22/27 | €83,431 | €165,375 | €229,673 | €170,783 | ▼ 25.6% |
| Plant, machinery and equipment23 | €976 | €610 | €243 | - | - |
| Furniture and vehicles24 | - | €893 | €1,534 | €2,098 | ▲ 36.8% |
| Leasing and similar rights25 | €82,455 | €163,872 | €227,896 | €168,685 | ▼ 26.0% |
| Financial fixed assets28 | €14,405 | €19,405 | €29,405 | €29,405 | = |
| Current assets29/58 | €57,137 | €85,091 | €135,724 | €148,156 | ▲ 9.2% |
| Amounts receivable within one year40/41 | €57,091 | €85,040 | €135,724 | €148,156 | ▲ 9.2% |
| Trade receivables40 | €57,091 | €85,040 | €131,445 | €139,875 | ▲ 6.4% |
| Other amounts receivable41 | - | - | €4,278 | €8,281 | ▲ 93.6% |
| Cash at bank and in hand54/58 | €46 | €51 | - | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €154,973 | €269,871 | €394,801 | €348,343 | ▼ 11.8% |
| Equity10/15 | €21,777 | €38,244 | €48,185 | €11,185 | ▼ 76.8% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€3,223 | €13,244 | €23,185 | -€13,815 | ▼ 160% |
| Amounts payable17/49 | €133,196 | €231,627 | €346,616 | €337,159 | ▼ 2.7% |
| Amounts payable after more than one year17 | €61,968 | €117,796 | €180,566 | €133,884 | ▼ 25.9% |
| Financial debts170/4 | €52,968 | €103,796 | €156,566 | €109,884 | ▼ 29.8% |
| Other amounts payable178/9 | €9,000 | €14,000 | €24,000 | €24,000 | = |
| Amounts payable within one year42/48 | €71,228 | €113,831 | €166,050 | €203,275 | ▲ 22.4% |
| Current portion of amounts payable after more than one year42 | €24,372 | €41,949 | €63,333 | €58,162 | ▼ 8.2% |
| Financial debts43 | - | - | €24,889 | €49,976 | ▲ 101% |
| Credit institutions430/8 | - | - | €24,889 | €49,976 | ▲ 101% |
| Trade debts44 | €9,972 | €15,528 | €18,572 | €69,942 | ▲ 277% |
| Suppliers440/4 | €9,972 | €15,528 | €18,572 | €69,942 | ▲ 277% |
| Taxes, remuneration and social security45 | €6,425 | €14,343 | €33,078 | €25,194 | ▼ 23.8% |
| Taxes450/3 | €2,911 | €5,178 | €6,653 | €10,975 | ▲ 65.0% |
| Remuneration and social security454/9 | €3,514 | €9,165 | €26,425 | €14,220 | ▼ 46.2% |
| Other amounts payable47/48 | €30,459 | €42,011 | €26,179 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,223 | €16,467 | €9,941 | -€37,000 | ▼ 472% |
| + Depreciation and write-downs630 | €23,669 | €35,195 | €65,810 | €79,132 | ▲ 20.2% |
| Operating cash flow (approximation) | €20,446 | €51,663 | €75,750 | €42,131 | ▼ 44.4% |
| Investment in fixed assets (approximation) | - | -€122,140 | -€140,107 | -€20,241 | ▲ 85.6% |
| Change in cash | - | €6 | - | - | - |
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
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 182 days late
2024
31-12
Financial
Weakest financial yearnet -€37,000
Net result drops to -€37,000, the lowest in the series.
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 140 days late
2023
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-12
Financial
Back to profitnet €16,467
Net result €16,467 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 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, Liège · 1 establishment unit since 2021
Ground area
210 m²
Building footprint
82 m²
Volume, LiDAR
618 m³
Parcel 62059B0674/00S000, Wallonia · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TMC GROUP
since 20212.313.391.404
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62059B0674/00S000 | Wallonia | 210 m² | 1 · 82 m² | 8.6 m · 3 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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INTERDOM
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UKA TRANS
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 4,074 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
Founded15-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0763639626
Also
9925:BE0763639626
Registered
02-02-2026
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.