Active BE 0802.236.817Private limited company

TMH

Heibaan 214 ·2235 Hulshout, Belgium· 3 yrs active

Sector: Freight transport by road (49410)

Conclusion Checked

The computed 12-month bankruptcy probability of TMH is 5.3% (elevated). The 2024 annual accounts show equity of €3k and a net result of €-756. Its solvency ranks better than 95% of 6710 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€3k
Net result	€-756
Better than sector	95%
Active	3 yrs

Financial profile 5 of 5 axes measured · computed by Checked

53 / 100

Mixed profile: strong on solvency, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 37

Profitability 0

Solvency 100

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

5.3% Elevated

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

37 / 100 Weak

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

No credit

negative equity or figures too weak

Score history

86 2023

37 2024

purely financial, excl. current insolvency signals

Score components

Leverage Debt/equity 0.00 (< 1.0) +10

Profitability Negatieve ROE -30% -10

Interest coverage Interest coverage -3.7× (< 1.5×) -10

Profit trend Net profit down YoY -3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 26-06-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 49, Land transport and transport via pipelines · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	100.0%	37.3%	better than 95% of 6710 sector peers
Net result	€-756	€6k	better than 29% of 6673 sector peers
Equity	€3k	€34k	better than 19% of 6718 sector peers
Gross operating margin	€-68	€39k	better than 11% of 6650 sector peers
Total assets	€3k	€108k	better than 5% of 6713 sector peers

EBITDA

€-250

- 23-24

Net profit

€-756

- 23-24

Cash flow

€-317

- 23-24

Total assets

€3k

-25.0% 23-24

Equity

€3k

-23.0% 23-24

Working capital

€925

-25.5% 23-24

Income taxes

€0

-100.0% 23-24

Debt

€0

-100.0% 23-24

Debt ≤ 1y

€0

-100.0% 23-24

Current ratio

15.20

- 23-24

Quick ratio

15.20

- 23-24

Solvency

100.0%

+2.7% 23-24

Debt / equity

0.00

-100.0% 23-24

ROE

-29.8%

- 23-24

ROA

-29.8%

- 23-24

Interest coverage

-3.72

- 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€-250	€548
Net profit	€-756	€291
Cash flow	€-317	€437
Staff costs	-	-
Income taxes	€0	€73
Dividends	-	-
Total assets	€3k	€3k
Equity	€3k	€3k
Debt	€0	€87
of which ≤ 1y	€0	€87
of which > 1y	-	-
Working capital	€925	€1k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	-	15.20
Quick ratio	-	15.20
Working capital ratio	36.5%	36.8%
Solvency	100.0%	97.4%
Debt / equity	0.00	0.03
Long-term debt ratio	-	-
Interest coverage	-3.72	14.03
Gross margin	-	-
Net margin	-	-
ROA	-29.8%	8.6%
ROE	-29.8%	8.8%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Full annual accounts (20 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€3k	€3k
Formation expenses	20	€2k	€2k
Current assets	29/58	€925	€1k
Amounts receivable within one year	40/41	€732	€928
Cash & bank	54/58	€193	€401
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€3k	€3k
Equity	10/15	€3k	€3k
Contributions / capital	10/11	€3k	€3k
Reserves	13	€0	€291
Accumulated profits (losses)	14	€-465	-
Amounts payable	17/49	€0	€87
Amounts payable within one year	42/48	€0	€87
Trade debts payable within one year	44	€0	€15
Income statement
Gross operating margin	9900	€-68	€548
Operating result	9901	€-689	€403
Financial charges	65	€67	€39
Result before taxes	9903	€-756	€364
Income taxes	67/77	€0	€73
Net result for the period	9904	€-756	€291
Result to be appropriated	9905	€-756	€291

Legal Structure

NACE primary	Freight transport by road(49410)
Legal form	Private limited company(610)
Incorporation	31-05-2023
Status	Active
Postal code	2235

Establishment units 1 location

Heibaan 214, 2235 Hulshout

Freight transport by road

since 20232.345.504.243

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13016B0162/00M002	Flanders	931 m²	1 · 157 m²	-

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.

Updates 2 events

All 2Filings 2

2025

26-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

25-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

NBB filing

Belgian State Gazette reading coverage 0 of 1 acts read

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.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Freight transport by road49410

Names & trade names

Legal nameNL

TMH

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