TMH
Open bankruptcyA bankruptcy procedure is open for TMH according to publications in the Belgian State Gazette; curator: BERNARD POPYN.
Summary
The 2022 annual accounts show equity of €328k and a net result of €19k.
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 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 31 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
27 d early
2020
42 d late
2019
43 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€328k▲ 6.1%
2021 · €309k
2018: €114klowest in 5 years
2019: €151k▲ +31.9% vs 2018
2020: €155k▲ +3.1% vs 2019
2021: €309k▲ +99.0% vs 2020
2022: €328k▲ +6.1% vs 2021highest in 5 years
2018 → 2022
Total assets
€1.23M▼ 0.3%
2021 · €1.23M
2018: €367klowest in 5 years
2019: €494k▲ +34.5% vs 2018
2020: €599k▲ +21.3% vs 2019
2021: €1.23M▲ +105% vs 2020highest in 5 years
2022: €1.23M▼ -0.3% vs 2021
2018 → 2022
Net result
€19k▼ 87.7%
2021 · €154k
2018: €15k
2019: €44k▲ +196% vs 2018
2020: €5k▼ -89.3% vs 2019lowest in 5 years
2021: €154k▲ +3175% vs 2020highest in 5 years
2022: €19k▼ -87.7% vs 2021
2018 → 2022
Working capital
€-21k▼ 28.9%
2021 · €-16k
2018: €16khighest in 5 years
2019: €-28k▼ -276% vs 2018
2020: €-65k▼ -131% vs 2019lowest in 5 years
2021: €-16k▲ +74.8% vs 2020
2022: €-21k▼ -28.9% vs 2021
2018 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€114k-€151k▲ 31.9%€155k▲ 3.1%€309k▲ 99.0%€328k▲ 6.1%
2018: €114klowest in 5 years
2019: €151k▲ +31.9% vs 2018
2020: €155k▲ +3.1% vs 2019
2021: €309k▲ +99.0% vs 2020
2022: €328k▲ +6.1% vs 2021highest in 5 years
Operating result€36k-€67k▲ 85.3%€10k▼ 85.4%€220k▲ 2,141%€46k▼ 79.2%
2018: €36k
2019: €67k▲ +85.3% vs 2018
2020: €10k▼ -85.4% vs 2019lowest in 5 years
2021: €220k▲ +2141% vs 2020highest in 5 years
2022: €46k▼ -79.2% vs 2021
Net result€15k-€44k▲ 196%€5k▼ 89.3%€154k▲ 3,175%€19k▼ 87.7%
2018: €15k
2019: €44k▲ +196% vs 2018
2020: €5k▼ -89.3% vs 2019lowest in 5 years
2021: €154k▲ +3175% vs 2020highest in 5 years
2022: €19k▼ -87.7% vs 2021
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 2022; 2022 is 79% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.23M
Fixed assets
€790k ▼ 9.7%
Current assets
€436k ▲ 22.9%
Equity and liabilities €1.23M
Equity
€328k ▲ 6.1%
Debt
€898k ▼ 2.5%
Debt's share of the balance-sheet total falls from 74.9% to 73.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€247k▼
2021 · €402k
Cash flow
€221k▼
2021 · €336k
Current ratio
0.95▼
2021 · 0.96
Quick ratio
0.82▼
2021 · 0.87
Debt to equity
2.73▼
2021 · 2.98
ROE
5.8%▼
2021 · 49.8%
ROA
1.5%▼
2021 · 12.5%
Interest coverage
9.44▲
2021 · 6.11
Debt ≤ 1 year
€457k▲
2021 · €371k
Debt > 1 year
€441k▼
2021 · €550k
Income taxes
€347▲
2021 · €334
Staff costs
€233k▲
2021 · €154k
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 · 2022 against 2021 · 58 lines
Balance sheet
Code20212022
Assets
Total assets20/58€1.23M€1.23M▼
Fixed assets21/28€876k€790k▼
Tangible fixed assets22/27€841k€755k▼
Plant, machinery and equipment23€23k€51k▲
Furniture and vehicles24€33k€30k▼
Leasing and similar rights25€761k€654k▼
Other tangible fixed assets26€24k€21k▼
Financial fixed assets28€35k€35k▲
Current assets29/58€355k€436k▲
Stocks and contracts in progress3€32k€63k▲
Stocks30/36€32k€63k▲
Amounts receivable within one year40/41€315k€363k▲
Trade receivables40€306k€322k▲
Other amounts receivable41€9k€41k▲
Cash at bank and in hand54/58€7k€10k▲
Deferred charges and accrued income490/1€421€266▼
Equity and liabilities
Total equity and liabilities10/49€1.23M€1.23M▼
Equity10/15€309k€328k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€289k€308k▲
Amounts payable17/49€921k€898k▼
Amounts payable after more than one year17€550k€441k▼
Financial debts170/4€550k€441k▼
Amounts payable within one year42/48€371k€457k▲
Current portion of amounts payable after more than one year42€170k€176k▲
Financial debts43€15k-
Credit institutions430/8€15k-
Trade debts44€157k€269k▲
Suppliers440/4€157k€248k▲
Bills of exchange payable441-€21k
Advances received on contracts in progress46€2k€2k=
Taxes, remuneration and social security45€26k€9k▼
Taxes450/3€5k€2k▼
Remuneration and social security454/9€21k€7k▼
Other amounts payable47/48€1k€939▼
Accrued charges and deferred income492/3€287-
Income statement
Code20212022
Remuneration, social security and pensions62€154k€233k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€182k€202k▲
Other operating charges640/8€13k€8k▼
Non-recurring operating charges66A€422-
Gross operating margin9900€570k€489k▼
Operating profit (loss)9901€220k€46k▼
Financial income75/76B€111-
Recurring financial income75€111-
Financial charges65/66B€66k€26k▼
Recurring financial charges65€66k€26k▼
Non-recurring financial charges66B-€226
Profit (loss) for the period before taxes9903€154k€19k▼
Income taxes67/77€334€347▲
Profit (loss) for the period9904€154k€19k▼
Profit (loss) for the period to be appropriated9905€154k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€289k€308k▲
Profit (loss) brought forward from the previous period14P€135k€289k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €154k | €233k | ▲ 51.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €120k | €111k | €123k | €182k | €202k | ▲ 10.6% |
| Other operating charges640/8 | - | - | - | €13k | €8k | ▼ 39.9% |
| Non-recurring operating charges66A | - | - | - | €422 | - | - |
| Gross operating margin9900 | €246k | €238k | €203k | €570k | €489k | ▼ 14.2% |
| Operating profit (loss)9901 | €36k | €67k | €10k | €220k | €46k | ▼ 79.2% |
| Financial income75/76B | - | - | - | €111 | - | - |
| Recurring financial income75 | €8 | €119 | €29 | €111 | - | - |
| Financial charges65/66B | - | - | - | €66k | €26k | ▼ 59.8% |
| Recurring financial charges65 | €14k | €21k | €12k | €66k | €26k | ▼ 60.2% |
| Non-recurring financial charges66B | - | - | - | - | €226 | - |
| Profit (loss) for the period before taxes9903 | €23k | €50k | €-3k | €154k | €19k | ▼ 87.5% |
| Income taxes67/77 | €8k | €6k | €-7k | €334 | €347 | ▲ 3.9% |
| Profit (loss) for the period9904 | €15k | €44k | €5k | €154k | €19k | ▼ 87.7% |
| Profit (loss) for the period to be appropriated9905 | €15k | €44k | €5k | €154k | €19k | ▼ 87.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €367k | €494k | €599k | €1.23M | €1.23M | ▼ 0.3% |
| Fixed assets21/28 | €157k | €288k | €408k | €876k | €790k | ▼ 9.7% |
| Tangible fixed assets22/27 | €147k | €269k | €378k | €841k | €755k | ▼ 10.2% |
| Plant, machinery and equipment23 | - | - | - | €23k | €51k | ▲ 125% |
| Furniture and vehicles24 | - | - | - | €33k | €30k | ▼ 9.3% |
| Leasing and similar rights25 | - | - | - | €761k | €654k | ▼ 14.1% |
| Other tangible fixed assets26 | - | - | - | €24k | €21k | ▼ 14.2% |
| Financial fixed assets28 | €10k | €18k | €30k | €35k | €35k | ▲ 1.2% |
| Current assets29/58 | €210k | €207k | €191k | €355k | €436k | ▲ 22.9% |
| Stocks and contracts in progress3 | €2k | €3k | €32k | €32k | €63k | ▲ 96.9% |
| Stocks30/36 | - | - | - | €32k | €63k | ▲ 96.9% |
| Amounts receivable within one year40/41 | €186k | €183k | €155k | €315k | €363k | ▲ 15.1% |
| Trade receivables40 | - | - | - | €306k | €322k | ▲ 5.1% |
| Other amounts receivable41 | - | - | - | €9k | €41k | ▲ 350% |
| Cash at bank and in hand54/58 | €20k | €20k | €3k | €7k | €10k | ▲ 38.8% |
| Deferred charges and accrued income490/1 | - | - | - | €421 | €266 | ▼ 36.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €367k | €494k | €599k | €1.23M | €1.23M | ▼ 0.3% |
| Equity10/15 | €114k | €151k | €155k | €309k | €328k | ▲ 6.1% |
| Contributions10/11 | €19k | €19k | - | €19k | €19k | = |
| Outside capital11 | - | - | - | €19k | - | - |
| Other1109/19 | - | - | - | €19k | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €94k | €130k | €135k | €289k | €308k | ▲ 6.6% |
| Amounts payable17/49 | €253k | €344k | €444k | €921k | €898k | ▼ 2.5% |
| Amounts payable after more than one year17 | €57k | €109k | €170k | €550k | €441k | ▼ 19.8% |
| Financial debts170/4 | - | - | - | €550k | €441k | ▼ 19.8% |
| Amounts payable within one year42/48 | €195k | €234k | €256k | €371k | €457k | ▲ 23.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €170k | €176k | ▲ 3.5% |
| Financial debts43 | - | - | - | €15k | - | - |
| Credit institutions430/8 | - | - | - | €15k | - | - |
| Trade debts44 | €115k | €162k | €157k | €157k | €269k | ▲ 71.4% |
| Suppliers440/4 | - | - | - | €157k | €248k | ▲ 58.1% |
| Bills of exchange payable441 | - | - | - | - | €21k | - |
| Advances received on contracts in progress46 | - | - | - | €2k | €2k | = |
| Taxes, remuneration and social security45 | - | - | - | €26k | €9k | ▼ 63.9% |
| Taxes450/3 | - | - | - | €5k | €2k | ▼ 55.4% |
| Remuneration and social security454/9 | - | - | - | €21k | €7k | ▼ 65.7% |
| Other amounts payable47/48 | - | - | - | €1k | €939 | ▼ 31.0% |
| Accrued charges and deferred income492/3 | - | - | - | €287 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €44k | €5k | €154k | €19k | ▼ 87.7% |
| + Depreciation and write-downs630 | €120k | €111k | €123k | €182k | €202k | ▲ 10.6% |
| Operating cash flow (approximation) | €135k | €155k | €128k | €336k | €221k | ▼ 34.4% |
| Investment in fixed assets (approximation) | - | €-242k | €-244k | €-650k | €-116k | ▲ 82.1% |
| Change in cash | - | €-398 | €-16k | €4k | €3k | ▼ 25.8% |
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
2024
16-08
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Mons · event 09-07-2024
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €154k ▲3,175%
Operating result €220k, net result €154k, both a record.
31-12
Financial
Equity above €200kEq €309k ▲99%
4 profitable years in a row build equity to €309k.
11-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 42 days late
2020
31-12
Financial
Weakest financial yearnet €5k ▼89.3%
Net result drops to €5k, the lowest in the series.
12-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 43 days late
2019
31-12
Financial
Equity above €150kEq €151k ▲31.9%
2 profitable years in a row build equity to €151k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Saint-Ghislain · 1 establishment unit since 2015
Ground area
2.1 ha
Building footprint
332 m²
Volume, LiDAR
1,022 m³
Parcel 53073B1726/00C000, Wallonia · tallest building 7.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TMH
since 20152.246.974.217
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53073B1726/00C000 | Wallonia | 2.1 ha | 1 · 332 m² | 7.6 m · 1 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | BERNARD POPYN RUE DE LA GRANDE TRIPERIE, 15,
7000 MONS- .
Date provisoire de cessation de paiement : 09/07/2024 |
09-07-2024 → present |
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Of 21,213 companies in sector 81300 we hold annual accounts for 4,364. 3,045 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 (pre-2019)
Founded26-10-2015
Fiscal year end31-12
Activities, NACEBEL 2025
81300Landscape service activities
Contact
Phone
065/31.88.09Saint-Ghislain
Scores and ratios are computed by Checked and are not a credit decision.