TMGV
ActiveSummary
TMGV has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €179k and a net result of €45k. Its solvency ranks better than 37% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▼-19
Solvency64▼-36
Growth52
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13k at 30 days acceptable
Liquidity ample (current ratio 2.91 against 6.81 in 2024; short-term debt: 9.2% and cash: 24% of total assets), but 60.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
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
39.2%
Return on assets
10%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
2 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€179k▲ 34.1%
2024 · €133k
2024: €133k
2025: €179k▲ +34.1% vs 2024
2024 → 2025
Total assets
€456k▲ 195%
2024 · €154k
2024: €154k
2025: €456k▲ +195% vs 2024
2024 → 2025
Net result
€45k▼ 63.2%
2024 · €123k
2024: €123k
2025: €45k▼ -63.2% vs 2024
2024 → 2025
Working capital
€80k▼ 34.6%
2024 · €122k
2024: €122k
2025: €80k▼ -34.6% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€133k-€179k▲ 34.1%
2024: €133k
2025: €179k▲ +34.1% vs 2024
Operating result€124k-€72k▼ 42.1%
2024: €124k
2025: €72k▼ -42.1% vs 2024
Net result€123k-€45k▼ 63.2%
2024: €123k
2025: €45k▼ -63.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €456k
Fixed assets
€334k ▲ 3,034%
Current assets
€122k ▼ 15.1%
Equity and liabilities €456k
Equity
€179k ▲ 34.1%
Debt
€277k ▲ 1,216%
Debt's share of the balance-sheet total rises from 13.6% to 60.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75k▼
2024 · €127k
Cash flow
€49k▼
2024 · €127k
Current ratio
2.91▼
2024 · 6.81
Debt to equity
1.55▲
2024 · 0.16
ROE
25.4%▼
2024 · 92.5%
ROA
10.0%▼
2024 · 79.9%
Interest coverage
449.69▼
2024 · 1270.30
Debt ≤ 1 year
€42k▲
2024 · €21k
Debt > 1 year
€235k
Income taxes
€26k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€154k€456k▲
Formation expenses20€391€98▼
Fixed assets21/28€11k€334k▲
Tangible fixed assets22/27€11k€334k▲
Land and buildings22-€327k
Furniture and vehicles24€11k€7k▼
Current assets29/58€143k€122k▼
Amounts receivable within one year40/41€17k€12k▼
Trade receivables40€12k€12k▲
Other amounts receivable41€5k€0▼
Cash at bank and in hand54/58€126k€109k▼
Equity and liabilities
Total equity and liabilities10/49€154k€456k▲
Equity10/15€133k€179k▲
Contributions10/11€10k€10k=
Profit (loss) carried forward14€123k€169k▲
Amounts payable17/49€21k€277k▲
Amounts payable after more than one year17-€235k
Financial debts170/4-€235k
Amounts payable within one year42/48€21k€42k▲
Current portion of amounts payable after more than one year42-€10k
Trade debts44€811€4k▲
Suppliers440/4€811€4k▲
Taxes, remuneration and social security45€10k€8k▼
Taxes450/3€6k€6k▲
Remuneration and social security454/9€4k€2k▼
Other amounts payable47/48€10k€20k▲
Income statement
Code20242025
Remuneration, social security and pensions62€169-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€589€23k▲
Gross operating margin9900€128k€98k▼
Operating profit (loss)9901€124k€72k▼
Financial income75/76B€8-
Recurring financial income75€8-
Financial charges65/66B€100€168▲
Recurring financial charges65€100€168▲
Profit (loss) for the period before taxes9903€123k€71k▼
Income taxes67/77-€26k
Profit (loss) for the period9904€123k€45k▼
Profit (loss) for the period to be appropriated9905€123k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€123k€169k▲
Profit (loss) brought forward from the previous period14P-€123k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €169 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | ▼ 1.1% |
| Other operating charges640/8 | €589 | €23k | ▲ 3,786% |
| Gross operating margin9900 | €128k | €98k | ▼ 23.3% |
| Operating profit (loss)9901 | €124k | €72k | ▼ 42.1% |
| Financial income75/76B | €8 | - | - |
| Recurring financial income75 | €8 | - | - |
| Financial charges65/66B | €100 | €168 | ▲ 67.1% |
| Recurring financial charges65 | €100 | €168 | ▲ 67.1% |
| Profit (loss) for the period before taxes9903 | €123k | €71k | ▼ 42.2% |
| Income taxes67/77 | - | €26k | - |
| Profit (loss) for the period9904 | €123k | €45k | ▼ 63.2% |
| Profit (loss) for the period to be appropriated9905 | €123k | €45k | ▼ 63.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €154k | €456k | ▲ 195% |
| Formation expenses20 | €391 | €98 | ▼ 75.0% |
| Fixed assets21/28 | €11k | €334k | ▲ 3,034% |
| Tangible fixed assets22/27 | €11k | €334k | ▲ 3,034% |
| Land and buildings22 | - | €327k | - |
| Furniture and vehicles24 | €11k | €7k | ▼ 32.9% |
| Current assets29/58 | €143k | €122k | ▼ 15.1% |
| Amounts receivable within one year40/41 | €17k | €12k | ▼ 27.5% |
| Trade receivables40 | €12k | €12k | ▲ 1.8% |
| Other amounts receivable41 | €5k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €126k | €109k | ▼ 13.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €154k | €456k | ▲ 195% |
| Equity10/15 | €133k | €179k | ▲ 34.1% |
| Contributions10/11 | €10k | €10k | = |
| Profit (loss) carried forward14 | €123k | €169k | ▲ 36.8% |
| Amounts payable17/49 | €21k | €277k | ▲ 1,216% |
| Amounts payable after more than one year17 | - | €235k | - |
| Financial debts170/4 | - | €235k | - |
| Amounts payable within one year42/48 | €21k | €42k | ▲ 98.6% |
| Current portion of amounts payable after more than one year42 | - | €10k | - |
| Trade debts44 | €811 | €4k | ▲ 360% |
| Suppliers440/4 | €811 | €4k | ▲ 360% |
| Taxes, remuneration and social security45 | €10k | €8k | ▼ 18.3% |
| Taxes450/3 | €6k | €6k | ▲ 5.8% |
| Remuneration and social security454/9 | €4k | €2k | ▼ 50.0% |
| Other amounts payable47/48 | €10k | €20k | ▲ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €123k | €45k | ▼ 63.2% |
| + Depreciation and write-downs630 | €4k | €4k | ▼ 1.1% |
| Operating cash flow (approximation) | €127k | €49k | ▼ 61.3% |
| Investment in fixed assets (approximation) | - | €-327k | - |
| Change in cash | - | €-17k | - |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Equity above €150kEq €179k ▲34.1%
2 profitable years in a row build equity to €179k.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Kruisem · 1 establishment unit since 2023
Ground area
3,802 m²
Building footprint
391 m²
Volume, LiDAR
2,319 m³
Parcel 45017A1044/00N002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TMGV
since 20232.341.245.547
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017A1044/00N002 | Flanders | 3,802 m² | 1 · 391 m² | 8.9 m · 2 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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That's Y
BE 0741.687.536
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,632 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
Founded31-01-2023
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.