TMGL
BankruptcySummary
The KBO register records for TMGL the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €34,245 and a net result of €16,827.
Are you a creditor?
Open bankruptcy
Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
61 d late
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 41 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Non-specialised retail sale with food, beverages or tobacco predominating sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€34,245▲ 88.0%
2022 · €18,218
Total assets
€151,171▲ 62.9%
2022 · €92,825
Net result
€16,827▲ 87.3%
2022 · €8,985
Working capital
€29,739▲ 128%
2022 · €13,027
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line202120222023
Operating result€792-€16,999▲ 2,046%€28,185▲ 65.8%
Net result€333within the sector's middle half-€8,985within the sector's middle half▲ 2,596%€16,827within the sector's middle half▲ 87.3%
Equity€10,033within the sector's middle half-€18,218within the sector's middle half▲ 81.6%€34,245within the sector's middle half▲ 88.0%
Total assets€65,251within the sector's middle half-€92,825within the sector's middle half▲ 42.3%€151,171within the sector's middle half▲ 62.9%
Debt€55,218-€74,607▲ 35.1%€116,926▲ 56.7%
Working capital€8,016within the sector's middle half-€13,027within the sector's middle half▲ 62.5%€29,739within the sector's middle half▲ 128%
Solvency15.4%within the sector's middle half-19.6%within the sector's middle half▲ 4.2pp22.7%within the sector's middle half▲ 3.0pp
Current ratio1.15within the sector's middle half-1.18within the sector's middle half▲ 0.031.26within the sector's middle half▲ 0.09
Return on assets (ROA)0.5%within the sector's middle half-9.7%within the sector's middle half▲ 9.2pp11.1%within the sector's middle half▲ 1.5pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail 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 has risen two years in a row; 2023 is 66% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €151,171
Fixed assets
€7,585 ▲ 39.9%
Current assets
€143,586 ▲ 64.3%
Equity and liabilities €151,171
Equity
€34,245 ▲ 88.0%
Debt
€116,926 ▲ 56.7%
Debt's share of the balance-sheet total falls from 80.4% to 77.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,559▲
2022 · €18,079
Cash flow
€18,201▲
2022 · €10,064
Quick ratio
1.18▲
2022 · 0.83
Debt to equity
3.41▼
2022 · 4.10
ROE
49.1%▼
2022 · 49.3%
Interest coverage
7.09▲
2022 · 4.64
Debt ≤ 1 year
€113,846▲
2022 · €74,374
Income taxes
€8,983▲
2022 · €4,121
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 | €1,700 | €1,079 | €1,374 | ▲ 27.3% |
| Other operating charges640/8 | €61 | €1,506 | €6,900 | ▲ 358% |
| Gross operating margin9900 | €2,553 | €19,584 | €36,460 | ▲ 86.2% |
| Operating profit (loss)9901 | €792 | €16,999 | €28,185 | ▲ 65.8% |
| Financial income75/76B | - | - | €1,797 | - |
| Recurring financial income75 | - | - | €1,797 | - |
| Financial charges65/66B | €382 | €3,894 | €4,172 | ▲ 7.1% |
| Recurring financial charges65 | €382 | €3,894 | €4,172 | ▲ 7.1% |
| Profit (loss) for the period before taxes9903 | €410 | €13,105 | €25,810 | ▲ 96.9% |
| Income taxes67/77 | €77 | €4,121 | €8,983 | ▲ 118% |
| Profit (loss) for the period9904 | €333 | €8,985 | €16,827 | ▲ 87.3% |
| Profit (loss) for the period to be appropriated9905 | €333 | €8,985 | €16,827 | ▲ 87.3% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €65,251 | €92,825 | €151,171 | ▲ 62.9% |
| Fixed assets21/28 | €2,017 | €5,424 | €7,585 | ▲ 39.9% |
| Tangible fixed assets22/27 | €1,654 | €5,061 | €7,222 | ▲ 42.7% |
| Furniture and vehicles24 | €1,654 | €1,181 | €3,756 | ▲ 218% |
| Other tangible fixed assets26 | - | €3,880 | €3,466 | ▼ 10.7% |
| Financial fixed assets28 | €363 | €363 | €363 | = |
| Current assets29/58 | €63,234 | €87,401 | €143,586 | ▲ 64.3% |
| Amounts receivable after more than one year29 | - | - | €101,500 | - |
| Other amounts receivable291 | - | - | €101,500 | - |
| Stocks and contracts in progress3 | €36,330 | €25,466 | €9,040 | ▼ 64.5% |
| Stocks30/36 | €36,330 | €25,466 | €9,040 | ▼ 64.5% |
| Amounts receivable within one year40/41 | €3,336 | €21,971 | €26,683 | ▲ 21.4% |
| Trade receivables40 | €714 | €14,498 | €19,688 | ▲ 35.8% |
| Other amounts receivable41 | €2,622 | €7,472 | €6,995 | ▼ 6.4% |
| Cash at bank and in hand54/58 | €23,224 | €37,332 | €1,200 | ▼ 96.8% |
| Deferred charges and accrued income490/1 | €344 | €2,633 | €5,163 | ▲ 96.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €65,251 | €92,825 | €151,171 | ▲ 62.9% |
| Equity10/15 | €10,033 | €18,218 | €34,245 | ▲ 88.0% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €33 | €8,218 | €24,245 | ▲ 195% |
| Amounts payable17/49 | €55,218 | €74,607 | €116,926 | ▲ 56.7% |
| Amounts payable within one year42/48 | €55,218 | €74,374 | €113,846 | ▲ 53.1% |
| Financial debts43 | €12,563 | - | €24,225 | - |
| Credit institutions430/8 | €12,563 | - | €24,225 | - |
| Trade debts44 | €36,851 | €66,065 | €78,769 | ▲ 19.2% |
| Suppliers440/4 | €36,851 | €66,065 | €78,769 | ▲ 19.2% |
| Advances received on contracts in progress46 | - | €233 | €769 | ▲ 230% |
| Taxes, remuneration and social security45 | €77 | €5,023 | €9,223 | ▲ 83.6% |
| Taxes450/3 | €77 | €5,023 | €9,223 | ▲ 83.6% |
| Other amounts payable47/48 | €5,727 | €3,053 | €860 | ▼ 71.8% |
| Accrued charges and deferred income492/3 | - | €233 | €3,079 | ▲ 1,222% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €333 | €8,985 | €16,827 | ▲ 87.3% |
| + Depreciation and write-downs630 | €1,700 | €1,079 | €1,374 | ▲ 27.3% |
| Operating cash flow (approximation) | €2,033 | €10,064 | €18,201 | ▲ 80.9% |
| Investment in fixed assets (approximation) | - | -€4,486 | -€3,536 | ▲ 21.2% |
| Change in cash | - | €14,107 | -€36,132 | ▼ 356% |
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
20-07
KBO administration
Address struck
Lariksenstraat 67 L’adresse du siège Rue des Mélèzes 67 1050 Die Sitzadresse Rue des Mélèzes / Lariksen-
1050 Elsene werd doorgehaald met ingang van Ixelles · event 18-05-2026
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2021net €16,827 ▲87.3%
Operating result €28,185, net result €16,827, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2021
Ground area
70 m²
Building footprint
69 m²
Volume, LiDAR
921 m³
Parcel 21447B0287/00A002, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TMGL
since 20212.323.062.896
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0287/00A002 | Brussels | 70 m² | 1 · 69 m² | 17.6 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.323.062.896
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 4,500 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
Founded16-09-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
47260Retail trade
Contact
E-mail
timothyghilardpro@outlook.be
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.