Summary
TMHS GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €634,496 and a net result of -€54,702. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 30% of 2817 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €634,496
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
34 d early
2022
32 d early
2021
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#7 company by total assets in Rixensart, Finance and insurance sector#10 company by equity in Rixensart, Finance and insurance sector
Equity
€634,496▲ 165%
2023 · €239,198
Net result
-€54,702▼ 2.1%
2023 · -€53,595
Total assets
€1.9m▲ 32.0%
2023 · €1.4m
Solvency
34.3%▲ 17.2pp
2023 · 17.1%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Line2021202220232024
Operating result-€8,323--€1,139▲ 86.3%-€543▲ 52.3%-€1,511▼ 178%
Net result-€45,033below the sector's middle half--€62,173below the sector's middle half▼ 38.1%-€53,595below the sector's middle half▲ 13.8%-€54,702below the sector's middle half▼ 2.1%
Equity€354,967below the sector's middle half-€292,794below the sector's middle half▼ 17.5%€239,198below the sector's middle half▼ 18.3%€634,496within the sector's middle half▲ 165%
Total assets€1.4mbelow the sector's middle half-€1.4mbelow the sector's middle half▼ 0.1%€1.4mbelow the sector's middle half=€1.9mwithin the sector's middle half▲ 32.0%
Debt€1.0m-€1.1m▲ 5.8%€1.2m▲ 4.8%€1.2m▲ 4.6%
Working capital-€937,825below the sector's middle half--€968,178below the sector's middle half▼ 3.2%-€1.0mbelow the sector's middle half▼ 4.4%-€1.0mbelow the sector's middle half▼ 1.2%
Solvency25.3%below the sector's middle half-20.9%below the sector's middle half▼ 4.4pp17.1%below the sector's middle half▼ 3.8pp34.3%within the sector's middle half▲ 17.2pp
Current ratio0.00below the sector's middle half-0.00below the sector's middle half=0.00below the sector's middle half=0.00below the sector's middle half=
Return on assets (ROA)-3.2%below the sector's middle half--4.4%below the sector's middle half▼ 1.2pp-3.8%below the sector's middle half▲ 0.6pp-3.0%below the sector's middle half▲ 0.9pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,511 in 2024 against €543 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.9m ▲ 32.1%
Current assets
€57 ▼ 91.7%
Equity and liabilities €1.9m
Equity
€634,496 ▲ 165%
Debt
€1.2m ▲ 4.6%
Debt's share of the balance-sheet total falls from 82.9% to 65.7%. Equity and debt are higher.
Key figures and ratios
ROE
-8.6%▲
2023 · -22.4%
Debt ≤ 1 year
€1.0m▲
2023 · €1.0m
Debt > 1 year
€40,500=
2023 · €40,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €458 | €458 | €458 | €458 | = |
| Other operating charges640/8 | - | - | - | €968 | - |
| Gross operating margin9900 | -€7,865 | -€681 | -€85 | -€85 | ▼ 0.4% |
| Operating profit (loss)9901 | -€8,323 | -€1,139 | -€543 | -€1,511 | ▼ 178% |
| Financial charges65/66B | €36,710 | €61,034 | €53,052 | €53,192 | ▲ 0.3% |
| Recurring financial charges65 | €36,710 | €61,034 | €53,052 | €53,192 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | -€45,033 | -€62,173 | -€53,595 | -€54,702 | ▼ 2.1% |
| Profit (loss) for the period9904 | -€45,033 | -€62,173 | -€53,595 | -€54,702 | ▼ 2.1% |
| Profit (loss) for the period to be appropriated9905 | -€45,033 | -€62,173 | -€53,595 | -€54,702 | ▼ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.4m | €1.4m | €1.4m | €1.9m | ▲ 32.0% |
| Formation expenses20 | €1,833 | €1,375 | €917 | €458 | ▼ 50.0% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.4m | €1.9m | ▲ 32.1% |
| Financial fixed assets28 | €1.4m | €1.4m | €1.4m | €1.9m | ▲ 32.1% |
| Current assets29/58 | €1,675 | €927 | €684 | €57 | ▼ 91.7% |
| Cash at bank and in hand54/58 | €1,675 | €927 | €684 | €57 | ▼ 91.7% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.4m | €1.4m | €1.4m | €1.9m | ▲ 32.0% |
| Equity10/15 | €354,967 | €292,794 | €239,198 | €634,496 | ▲ 165% |
| Contributions10/11 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Revaluation surpluses12 | - | - | - | €450,000 | - |
| Profit (loss) carried forward14 | -€45,033 | -€107,206 | -€160,802 | -€215,504 | ▼ 34.0% |
| Amounts payable17/49 | €1.0m | €1.1m | €1.2m | €1.2m | ▲ 4.6% |
| Amounts payable after more than one year17 | €72,500 | €72,500 | €40,500 | €40,500 | = |
| Financial debts170/4 | €72,500 | €72,500 | €40,500 | €40,500 | = |
| Amounts payable within one year42/48 | €939,500 | €969,105 | €1.0m | €1.0m | ▲ 1.1% |
| Trade debts44 | - | €605 | - | - | - |
| Suppliers440/4 | - | €605 | - | - | - |
| Other amounts payable47/48 | €939,500 | €968,500 | €1.0m | €1.0m | ▲ 1.1% |
| Accrued charges and deferred income492/3 | €36,541 | €67,903 | €110,403 | €153,019 | ▲ 38.6% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€45,033 | -€62,173 | -€53,595 | -€54,702 | ▼ 2.1% |
| + Depreciation and write-downs630 | €458 | €458 | €458 | €458 | = |
| Operating cash flow (approximation) | -€44,575 | -€61,715 | -€53,137 | -€54,244 | ▼ 2.1% |
| Investment in fixed assets (approximation) | - | -€458 | -€458 | -€450,458 | ▼ 98,193% |
| Change in cash | - | -€748 | -€242 | -€628 | ▼ 159% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €500,000Eq €634,496 ▲165%
Equity rises from €239,198 to €634,496.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet -€62,173
Net result drops to -€62,173, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Rixensart · 1 establishment unit since 2021
Ground area
1,000 m²
Building footprint
129 m²
Volume, LiDAR
841 m³
Parcel 25092B0147/00A002, Wallonia · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
TMHS GROUP
since 20212.316.329.514
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25092B0147/00A002 | Wallonia | 1,000 m² | 1 · 129 m² | 10.3 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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RODINVEST
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,800. 13,445 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
Founded28-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.