TMG+
ActiveSummary
TMG+ has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38,902 and a net result of €4,122. Equity is growing by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 83% of 11547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-1
Solvency100▲+29
Growth74=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 5.43 against 2.22 in 2024; short-term debt: 17.7% and cash: 24.8% of total assets), and 17.7% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
82.3%
Return on assets
8.7%
Age of the figures
9 mo
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 19-05-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
73 d early
2024
4 d late
2023
64 d early
2022
29 d late
2021
30 d late
2020
30 d late
2019
23 d late
← 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 3 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 4 August (4 of the last 5 filed years within 67 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€83,438▼ 0.6%
2021 · €83,940
EBIT margin
27.8%▲ 27.2pp
2021 · 0.6%
Net result
€4,122▲ 236%
2024 · €1,229
Working capital
€36,984▲ 54.9%
2024 · €23,873
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€83,940▲ 20.8%€83,438▼ 0.6%
Operating result€496▼ 95.4%€23,180▲ 4,571%€8,573▼ 63.0%€6,085▼ 29.0%€6,176▲ 1.5%
Net result-€1,947within the sector's middle half€20,018within the sector's middle half€5,395within the sector's middle half▼ 73.0%€1,229within the sector's middle half▼ 77.2%€4,122within the sector's middle half▲ 236%
EBIT margin0.6%▼ 14.9pp27.8%▲ 27.2pp
Equity€8,138within the sector's middle half▼ 19.3%€28,157within the sector's middle half▲ 246%€33,551within the sector's middle half▲ 19.2%€34,780within the sector's middle half▲ 3.7%€38,902within the sector's middle half▲ 11.9%
Total assets€61,596below the sector's middle half▼ 16.6%€48,044below the sector's middle half▼ 22.0%€84,222within the sector's middle half▲ 75.3%€76,423within the sector's middle half▼ 9.3%€47,260below the sector's middle half▼ 38.2%
Debt€53,457▼ 16.2%€19,887▼ 62.8%€50,671▲ 155%€41,643▼ 17.8%€8,357▼ 79.9%
Working capital-€1,230within the sector's middle half▼ 822%€21,027within the sector's middle half€20,208within the sector's middle half▼ 3.9%€23,873within the sector's middle half▲ 18.1%€36,984within the sector's middle half▲ 54.9%
Solvency13.2%within the sector's middle half▼ 0.4pp58.6%within the sector's middle half▲ 45.4pp39.8%within the sector's middle half▼ 18.8pp45.5%within the sector's middle half▲ 5.7pp82.3%above the sector's middle half▲ 36.8pp
Current ratio0.96within the sector's middle half▼ 0.042.06within the sector's middle half▲ 1.102.06within the sector's middle half=2.22within the sector's middle half▲ 0.175.43above the sector's middle half▲ 3.20
Return on assets (ROA)-3.2%below the sector's middle half▼ 13.4pp41.7%above the sector's middle half▲ 44.8pp6.4%within the sector's middle half▼ 35.3pp1.6%within the sector's middle half▼ 4.8pp8.7%within the sector's middle half▲ 7.1pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,260
Fixed assets
€1,918 ▼ 94.2%
Current assets
€45,341 ▲ 4.4%
Equity and liabilities €47,260
Equity
€38,902 ▲ 11.9%
Debt
€8,357 ▼ 79.9%
Debt's share of the balance-sheet total falls from 54.5% to 17.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,042▼
2024 · €17,957
Cash flow
€5,989▼
2024 · €13,100
Debt to equity
0.21▼
2024 · 1.20
ROE
10.6%▲
2024 · 3.5%
Interest coverage
4.79▼
2024 · 9.61
Debt ≤ 1 year
€8,357▼
2024 · €19,545
Income taxes
€2,275▲
2024 · €2,051
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €83,940 | €83,438 | - | - | - | - |
| Non-recurring operating income76A | - | €5,917 | - | - | €65 | - |
| Goods, raw materials, services and sundry goods60/61 | €69,816 | €63,131 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,681 | €2,744 | €12,482 | €11,872 | €1,867 | ▼ 84.3% |
| Other operating charges640/8 | €1,946 | €301 | €3,139 | €1,010 | €679 | ▼ 32.8% |
| Gross operating margin9900 | €14,123 | €26,225 | €24,194 | €18,968 | €8,721 | ▼ 54.0% |
| Operating profit (loss)9901 | €496 | €23,180 | €8,573 | €6,085 | €6,176 | ▲ 1.5% |
| Financial income75/76B | €914 | €3,167 | €647 | - | €1,901 | - |
| Recurring financial income75 | €914 | €3,167 | €647 | - | €17 | - |
| Non-recurring financial income76B | - | - | - | - | €1,884 | - |
| Financial charges65/66B | €911 | €843 | €1,170 | €2,806 | €1,680 | ▼ 40.1% |
| Recurring financial charges65 | €911 | €843 | €1,170 | €1,869 | €1,680 | ▼ 10.1% |
| Non-recurring financial charges66B | - | - | - | €937 | - | - |
| Profit (loss) for the period before taxes9903 | €499 | €25,504 | €8,050 | €3,280 | €6,397 | ▲ 95.0% |
| Income taxes67/77 | €2,447 | €5,486 | €2,655 | €2,051 | €2,275 | ▲ 10.9% |
| Profit (loss) for the period9904 | -€1,947 | €20,018 | €5,395 | €1,229 | €4,122 | ▲ 236% |
| Profit (loss) for the period to be appropriated9905 | -€1,947 | €20,018 | €5,395 | €1,229 | €4,122 | ▲ 236% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €61,596 | €48,044 | €84,222 | €76,423 | €47,260 | ▼ 38.2% |
| Fixed assets21/28 | €33,685 | €7,130 | €44,878 | €33,006 | €1,918 | ▼ 94.2% |
| Intangible fixed assets21 | €0 | €6,000 | €4,500 | €3,000 | €1,500 | ▼ 50.0% |
| Tangible fixed assets22/27 | €33,585 | €1,030 | €40,278 | €29,906 | €318 | ▼ 98.9% |
| Plant, machinery and equipment23 | €287 | €191 | €96 | - | - | - |
| Furniture and vehicles24 | €33,298 | €839 | €40,182 | €29,906 | €318 | ▼ 98.9% |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €27,911 | €40,914 | €39,344 | €43,417 | €45,341 | ▲ 4.4% |
| Amounts receivable within one year40/41 | €16,649 | €25,537 | €28,617 | €30,551 | €33,547 | ▲ 9.8% |
| Trade receivables40 | €16,649 | €18,663 | €11,281 | €10,693 | €11,619 | ▲ 8.7% |
| Other amounts receivable41 | - | €6,874 | €17,337 | €19,858 | €21,929 | ▲ 10.4% |
| Cash at bank and in hand54/58 | €10,800 | €15,251 | €10,293 | €12,501 | €11,733 | ▼ 6.1% |
| Deferred charges and accrued income490/1 | €463 | €126 | €434 | €366 | €61 | ▼ 83.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €61,596 | €48,044 | €84,222 | €76,423 | €47,260 | ▼ 38.2% |
| Equity10/15 | €8,138 | €28,157 | €33,551 | €34,780 | €38,902 | ▲ 11.9% |
| Contributions10/11 | €16,200 | €16,200 | €16,200 | €16,200 | €16,200 | = |
| Capital10 | €16,200 | €16,200 | €16,200 | €16,200 | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | €2,400 | €2,400 | €2,400 | €2,400 | - | - |
| Profit (loss) carried forward14 | -€8,062 | €11,957 | €17,351 | €18,580 | €22,702 | ▲ 22.2% |
| Amounts payable17/49 | €53,457 | €19,887 | €50,671 | €41,643 | €8,357 | ▼ 79.9% |
| Amounts payable after more than one year17 | €24,316 | - | €31,535 | €22,099 | - | - |
| Financial debts170/4 | €24,316 | - | €31,535 | €22,099 | - | - |
| Amounts payable within one year42/48 | €29,142 | €19,887 | €19,136 | €19,545 | €8,357 | ▼ 57.2% |
| Current portion of amounts payable after more than one year42 | €8,999 | €0 | €9,207 | €9,436 | - | - |
| Trade debts44 | €7,253 | €8,089 | €870 | €1,734 | €4,760 | ▲ 174% |
| Suppliers440/4 | €7,253 | €8,089 | €870 | €1,734 | €4,760 | ▲ 174% |
| Taxes, remuneration and social security45 | €9,158 | €11,798 | €9,059 | €8,374 | €3,598 | ▼ 57.0% |
| Taxes450/3 | €9,158 | €11,798 | €9,059 | €8,374 | €3,598 | ▼ 57.0% |
| Other amounts payable47/48 | €3,732 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,947 | €20,018 | €5,395 | €1,229 | €4,122 | ▲ 236% |
| + Depreciation and write-downs630 | €11,681 | €2,744 | €12,482 | €11,872 | €1,867 | ▼ 84.3% |
| Operating cash flow (approximation) | €9,734 | €22,762 | €17,877 | €13,100 | €5,989 | ▼ 54.3% |
| Investment in fixed assets (approximation) | - | €23,811 | -€50,230 | €0 | €29,221 | - |
| Change in cash | - | €4,451 | -€4,958 | €2,207 | -€768 | ▼ 135% |
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
Next filing, fiscal year 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 5.43
Current ratio from 2.22 to 5.43; short-term debt falls from €19,545 to €8,357.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €20,018
Net result €20,018 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.06
Current ratio from 0.96 to 2.06; short-term debt falls from €29,142 to €19,887.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet -€1,947
Net result drops to -€1,947, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
23-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 23 days late
2019
31-12
Financial
Back to profitnet €1,623
Net result €1,623 after one loss-making year.
Show earlier events
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2006
Ground area
573 m²
Building footprint
83 m²
Volume, LiDAR
617 m³
Parcel 57007C0248/00L000, Wallonia · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TMG+
since 20062.159.392.224
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57007C0248/00L000 | Wallonia | 573 m² | 1 · 83 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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Of 1,583 companies in this sector we hold annual accounts for 991. 570 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded18-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
46349Wholesale of beverages, general range
43350Other building finishing work
47252Retail sale of beverages, general range
81220Other building cleaning and industrial cleaning
Contact
Phone
0499/176925Tournai
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885876947
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.