TMG Winters
ActiveTMG Winters has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130k and a net result of €29k. Equity is growing by ~45.3% per year across the filed fiscal years. Its solvency ranks better than 57% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83=
Solvency77▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 3.57 against 2.61 in 2024; short-term debt: 12.3% and cash: 14% of total assets), and 47.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← 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
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
52.4%
Return on assets
11.7%
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 05-07-2026, 26 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
26 d early
2024
29 d late
2023
30 d late
2022
31 d late
2021
11 d late
2020
31 d late
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€130k▲ 28.6%
2024 · €101k
2020: €-2k
2021: €36k
2022: €44k
2023: €72k
2024: €101k
2020 → 2025
Total assets
€247k▲ 2.6%
2024 · €241k
2020: €3k
2021: €79k
2022: €97k
2023: €116k
2024: €241k
2020 → 2025
Net result
€29k▲ 1.4%
2024 · €28k
2020: €-3k
2021: €38k
2022: €8k
2023: €28k
2024: €28k
2020 → 2025
Working capital
€78k▲ 26.0%
2024 · €62k
2020: €-264
2021: €12k
2022: €7k
2023: €37k
2024: €62k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36k-€44k▲ 22.1%€72k▲ 64.4%€101k▲ 39.3%€130k▲ 28.6%
Operating result€53k-€16k▼ 69.2%€45k▲ 176%€44k▼ 3.1%€49k▲ 11.4%
Net result€38k-€8k▼ 79.2%€28k▲ 256%€28k▲ 0.4%€29k▲ 1.4%
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 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247k
Fixed assets
€139k▼ 1.2%
Current assets
€108k▲ 7.9%
Equity and liabilities €247k
Equity
€130k▲ 28.6%
Debt
€118k▼ 16.0%
The debt ratio falls from 58.2% to 47.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€81k▲
2024 · €62k
Cash flow
€62k▲
2024 · €47k
Solvency
52.4%▲
2024 · 41.8%
Current ratio
3.57▲
2024 · 2.61
Quick ratio
3.57▲
2024 · 2.61
Debt / equity
0.91▼
2024 · 1.39
ROE
22.3%▼
2024 · 28.2%
ROA
11.7%▼
2024 · 11.8%
Interest coverage
18.67▼
2024 · 39.33
Debt
€118k▼
2024 · €140k
Debt ≤ 1 year
€30k▼
2024 · €39k
Debt > 1 year
€77k▼
2024 · €92k
Income taxes
€16k▲
2024 · €14k
Staff costs
€5k▼
2024 · €69k
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€241k€247k▲
Fixed assets21/28€141k€139k▼
Tangible fixed assets22/27€141k€139k▼
Plant, machinery and equipment23€24k€46k▲
Furniture and vehicles24€116k€93k▼
Current assets29/58€100k€108k▲
Amounts receivable after more than one year29€15k€15k=
Trade receivables290€15k€0▼
Other amounts receivable291-€15k
Amounts receivable within one year40/41€54k€54k▼
Trade receivables40€42k€44k▲
Other amounts receivable41€12k€10k▼
Cash at bank and in hand54/58€23k€35k▲
Deferred charges and accrued income490/1€9k€5k▼
Equity and liabilities
Total equity and liabilities10/49€241k€247k▲
Equity10/15€101k€130k▲
Contributions10/11€1k€1k=
Reserves13€100k€129k▲
Distributable reserves133€100k€129k▲
Amounts payable17/49€140k€118k▼
Amounts payable after more than one year17€92k€77k▼
Financial debts170/4€92k€77k▼
Amounts payable within one year42/48€39k€30k▼
Current portion of amounts payable after more than one year42€17k€15k▼
Financial debts43€10k€10k=
Credit institutions430/8-€10k
Other loans439€10k€0▼
Trade debts44€3k€126▼
Suppliers440/4€3k€126▼
Taxes, remuneration and social security45€8k€5k▼
Taxes450/3€4k€3k▼
Remuneration and social security454/9€4k€2k▼
Accrued charges and deferred income492/3€9k€10k▲
Income statement
Code20242025
Remuneration, social security and pensions62€69k€5k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€33k▲
Other operating charges640/8€3k€10k▲
Gross operating margin9900€133k€96k▼
Operating profit (loss)9901€44k€49k▲
Financial income75/76B€916€742▼
Recurring financial income75€916€742▼
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€43k€45k▲
Income taxes67/77€14k€16k▲
Profit (loss) for the period9904€28k€29k▲
Profit (loss) for the period to be appropriated9905€28k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€29k▲
Transfer to equity691/2€28k€29k▲
To other reserves6921€28k€29k▲
The notes to these accounts (10 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
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Equity above €100kEq €101k ▲39.3%
4 profitable years in a row build equity to €101k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 11 days late
2021
31-12
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Oudsbergen · 1 establishment unit since 2020
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.
Hensemstraat 53670 OudsbergenGround area
928 m²
Building footprint
248 m²
Volume, LiDAR
1,332 m³
Parcel 72022C0640/00H000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TMG Winters
since 20202.299.861.189
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72022C0640/00H000 | Flanders | 928 m² | 1 · 248 m² | 7.5 m · 2 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
ARBRES-BOIS-EAUX-FORETS
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FOREXPLOIT SPRL
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GESTION FORESTIERE
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Green Forest
BE 1018.097.152
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Dryades
BE 0691.614.651
Mont-Saint-Guibert · Eq €119k
Of 294 companies in sector 02400 we hold annual accounts for 77. 57 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-02-2020
Fiscal year end31-12
Activities, NACEBEL
02400Forestry and logging
49410Freight transport by road
71209Other technical testing and analysis
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.