TMN Services
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 16 September 2024
- Supervising judge
- Myriam Graillet
- Official Gazette
- 23-09-2024 (pdf) ↗search the document for 2024/135530
Deadlines
- Appeal or third-party opposition until
- passed on 8 October 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 16 October 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 31 October 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 16 September 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Julien StockmanRue Des Champs, 58, 4020 Liege 2j.stockman@leges.be
- Didier GrignardRue Des Champs 58, 4020 Liege 2d.grignard@leges.be
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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
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
Two 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 31-12-2021 was due by 31-07-2022 and was filed on 21-09-2022, 52 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 · 4 filingsDeviation from the deadline
2023
not filed
2022
not filed
2021
52 d late
2020
31 d late
2019
92 d late
2018
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 51 days after the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
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?Process a list
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, full schema
Turnover
€6.5m▲ 39.2%
2020 · €4.7m
EBIT margin
5.4%▲ 1.2pp
2020 · 4.2%
Net result
€270,996▲ 91.7%
2020 · €141,400
Working capital
€292,673▼ 47.5%
2020 · €557,604
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Turnover€4.7m€6.5m▲ 39.2%
Operating result€277-€569▲ 105%€197,170▲ 34,571%€349,446▲ 77.2%
Net result€277-€569▲ 105%€141,400▲ 24,764%€270,996▲ 91.7%
EBIT margin4.2%5.4%▲ 1.2pp
Equity€6,477-€7,046▲ 8.8%€163,573▲ 2,222%€438,521▲ 168%
Total assets€6,477-€7,046▲ 8.8%€1.1m▲ 15,749%€694,670▼ 37.8%
Debt€953,116€256,149▼ 73.1%
Working capital€557,604€292,673▼ 47.5%
Why a figure moved sharply
- 2020 Net result +24,764% on 2019. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2021 is 77% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €694,670
Fixed assets
€145,848 ▲ 2,042%
Current assets
€548,822 ▼ 50.6%
Equity and liabilities €694,670
Equity
€438,521 ▲ 168%
Debt
€256,149 ▼ 73.1%
Debt's share of the balance-sheet total falls from 85.4% to 36.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€406,700▲
2020 · €201,394
Cash flow
€328,250▲
2020 · €145,624
Current ratio
2.14▲
2020 · 2.01
Quick ratio
0.96▲
2020 · 0.65
Debt to equity
0.58▼
2020 · 5.83
ROE
61.8%▼
2020 · 86.4%
ROA
39.0%▲
2020 · 12.7%
Debt ≤ 1 year
€256,149▼
2020 · €552,276
Income taxes
€78,450▲
2020 · €51,770
Staff costs
€32,500▲
2020 · €16,902
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | €4.7m | €6.5m | ▲ 39.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €4.4m | €6.0m | ▲ 36.1% |
| Remuneration, social security and pensions62 | - | - | €16,902 | €32,500 | ▲ 92.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €4,224 | €57,254 | ▲ 1,255% |
| Other operating charges640/8 | - | - | €1,981 | €2,920 | ▲ 47.4% |
| Gross operating margin9900 | €277 | €569 | €220,277 | €442,120 | ▲ 101% |
| Operating profit (loss)9901 | €277 | €569 | €197,170 | €349,446 | ▲ 77.2% |
| Financial charges65/66B | - | - | €4,000 | - | - |
| Recurring financial charges65 | - | - | €4,000 | - | - |
| Profit (loss) for the period before taxes9903 | €277 | €569 | €193,170 | €349,446 | ▲ 80.9% |
| Income taxes67/77 | - | - | €51,770 | €78,450 | ▲ 51.5% |
| Profit (loss) for the period9904 | €277 | €569 | €141,400 | €270,996 | ▲ 91.7% |
| Profit (loss) for the period to be appropriated9905 | €277 | €569 | €141,400 | €270,996 | ▲ 91.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6,477 | €7,046 | €1.1m | €694,670 | ▼ 37.8% |
| Fixed assets21/28 | - | - | €6,809 | €145,848 | ▲ 2,042% |
| Tangible fixed assets22/27 | - | - | €6,809 | €145,848 | ▲ 2,042% |
| Plant, machinery and equipment23 | - | - | €2,449 | €124,994 | ▲ 5,004% |
| Furniture and vehicles24 | - | - | €3,506 | €20,000 | ▲ 470% |
| Other tangible fixed assets26 | - | - | €854 | €854 | = |
| Current assets29/58 | €6,477 | €7,046 | €1.1m | €548,822 | ▼ 50.6% |
| Stocks and contracts in progress3 | - | - | €749,014 | €302,366 | ▼ 59.6% |
| Stocks30/36 | - | - | €749,014 | €302,366 | ▼ 59.6% |
| Amounts receivable within one year40/41 | €6,477 | €7,046 | €323,570 | €213,570 | ▼ 34.0% |
| Trade receivables40 | - | - | €323,570 | €213,570 | ▼ 34.0% |
| Cash at bank and in hand54/58 | - | - | €37,296 | €32,886 | ▼ 11.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6,477 | €7,046 | €1.1m | €694,670 | ▼ 37.8% |
| Equity10/15 | €6,477 | €7,046 | €163,573 | €438,521 | ▲ 168% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | - | - | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €277 | €846 | €143,113 | €418,061 | ▲ 192% |
| Amounts payable17/49 | - | - | €953,116 | €256,149 | ▼ 73.1% |
| Amounts payable within one year42/48 | - | - | €552,276 | €256,149 | ▼ 53.6% |
| Trade debts44 | - | - | €471,787 | - | - |
| Suppliers440/4 | - | - | €471,787 | - | - |
| Taxes, remuneration and social security45 | - | - | €65,139 | €90,799 | ▲ 39.4% |
| Taxes450/3 | - | - | €56,940 | €78,450 | ▲ 37.8% |
| Remuneration and social security454/9 | - | - | €8,199 | €12,349 | ▲ 50.6% |
| Other amounts payable47/48 | - | - | €15,350 | €165,350 | ▲ 977% |
| Accrued charges and deferred income492/3 | - | - | €400,840 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €277 | €569 | €141,400 | €270,996 | ▲ 91.7% |
| + Depreciation and write-downs630 | - | - | €4,224 | €57,254 | ▲ 1,255% |
| Operating cash flow (approximation) | €277 | €569 | €145,624 | €328,250 | ▲ 125% |
| Investment in fixed assets (approximation) | - | - | - | -€196,293 | - |
| Change in cash | - | - | - | -€4,410 | - |
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
23-09
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 16-09-2024
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 52 days late
2021
31-12
Financial
Highest result since 2018net €270,996 ▲91.7%
Operating result €349,446, net result €270,996, both a record.
31-12
Financial
Equity above €200,000Eq €438,521 ▲168%
4 profitable years in a row build equity to €438,521.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €150,000Eq €163,573 ▲2,222%
3 profitable years in a row build equity to €163,573.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2017
Ground area
378 m²
Building footprint
377 m²
Volume, LiDAR
3,139 m³
2 parcels, Flanders, Wallonia · tallest building 15.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TMN Services
since 20172.271.166.908
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0193/00X006 | Flanders | 346 m² | 1 · 346 m² | 12.1 m · 2 fl. |
| 62063A0187/00_000 | Wallonia | 32 m² | 1 · 31 m² | 15.3 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JULIEN STOCKMAN Rue Des Champs, 58, 4020 Liege 2 |
16-09-2024 → present |
| Curator | DIDIER GRIGNARD Rue Des Champs 58, 4020 Liege 2 |
16-09-2024 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.271.166.908
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded16-06-2017
Fiscal year end31-12
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 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.