TMR4
ActiveTMR4 has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7k and a net result of €-2k. Equity is growing by ~36.1% per year across the filed fiscal years. Its solvency ranks better than 19% of 1294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▼-24
Solvency40▼-1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
15%
Return on assets
-4.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1294 sector peers (2025).
NBB · sector comparisonPosition among 1294 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
29 d early
2023
20 d early
2022
28 d early
2021
32 d early
2020
52 d early
2019
17 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€7k▼ 22.1%
2024 · €9k
2018: €-12k
2019: €-12k
2020: €-8k
2021: €-2k
2022: €9k
2023: €1k
2024: €9k
2018 → 2025
Total assets
€47k▼ 16.5%
2024 · €57k
2018: €6k
2019: €4k
2020: €7k
2021: €21k
2022: €33k
2023: €25k
2024: €57k
2018 → 2025
Net result
€-2k
2024 · €8k
2018: €-418
2019: €278
2020: €3k
2021: €6k
2022: €11k
2023: €-8k
2024: €8k
2018 → 2025
Working capital
€-14k▼ 32.1%
2024 · €-11k
2018: €-15k
2019: €-12k
2020: €-10k
2021: €-15k
2022: €-9k
2023: €-16k
2024: €-11k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€9k€1k▼ 89.2%€9k▲ 805%€7k▼ 22.1%
Operating result€7k-€11k▲ 61.0%€-8k€9k€-1k
Net result€6k-€11k▲ 73.8%€-8k€8k€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1k after €9k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47k
Fixed assets
€28k▼ 19.4%
Current assets
€20k▼ 12.0%
Equity and liabilities €47k
Equity
€7k▼ 22.1%
Debt
€40k▼ 15.4%
The debt ratio rises from 83.9% to 85.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▼
2024 · €18k
Cash flow
€11k▼
2024 · €17k
Solvency
15.0%▼
2024 · 16.1%
Current ratio
0.58▼
2024 · 0.68
Quick ratio
0.58▼
2024 · 0.68
Debt / equity
5.65▲
2024 · 5.20
ROE
-28.4%▼
2024 · 89.0%
ROA
-4.3%▼
2024 · 14.4%
Interest coverage
11.83▼
2024 · 34.88
Debt
€40k▼
2024 · €48k
Debt ≤ 1 year
€34k▲
2024 · €33k
Debt > 1 year
€6k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€57k€47k▼
Fixed assets21/28€34k€28k▼
Tangible fixed assets22/27€34k€28k▼
Plant, machinery and equipment23€6k€7k▲
Furniture and vehicles24€28k€20k▼
Current assets29/58€22k€20k▼
Amounts receivable within one year40/41€4k€13k▲
Trade receivables40€4k€13k▲
Cash at bank and in hand54/58€17k€7k▼
Deferred charges and accrued income490/1€1k€637▼
Equity and liabilities
Total equity and liabilities10/49€57k€47k▼
Equity10/15€9k€7k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€0€0=
Reserves not available under the articles1311€0€0=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€1k€-924▼
Amounts payable17/49€48k€40k▼
Amounts payable after more than one year17€14k€6k▼
Financial debts170/4€14k€6k▼
Amounts payable within one year42/48€33k€34k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€23k€23k▼
Accrued charges and deferred income492/3€6-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€13k▲
Other operating charges640/8-€774
Gross operating margin9900€18k€12k▼
Operating profit (loss)9901€9k€-1k▼
Financial income75/76B€6-
Recurring financial income75€6-
Financial charges65/66B€504€971▲
Recurring financial charges65€504€971▲
Profit (loss) for the period before taxes9903€8k€-2k▼
Profit (loss) for the period9904€8k€-2k▼
Profit (loss) for the period to be appropriated9905€8k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-924▼
Profit (loss) brought forward from the previous period14P€-7k€1k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director appointment2 facts ▸
- General meeting, 30/06/2026
- Director appointment, Thierry Meunier (administrateur)
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-8k ▼175%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €11k ▲73.8%
Operating result €11k, net result €11k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €278
Net result €278 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2026
Thierry Meunier
CurrentDirector · since 01-07-2026
01-07-2026
Appointed as Director
Location & real-estate footprint
Registered office, Pepinster · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Mousset 1834860 PepinsterGround area
316 m²
Building footprint
52 m²
Parcel 63058A0349/00M000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Mousset 183, 4860 Pepinster
since 19922.058.470.850
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63058A0349/00M000indicative | Wallonia | 316 m² | 1 · 52 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ViGi
BE 0763.898.061
Stabroek · Eq €7k
LWS Technics
BE 0698.981.406
Gent · Eq €7k
C.P. TECHNICS
BE 0806.639.825
Sint-Truiden · Eq €7k
CARROSSERIE MOONS
BE 0860.146.807
Scherpenheuvel-Zichem · Eq €7k
HELL THERMIC
BE 0471.366.550
Braine-l'Alleud · Eq €7k
Of 887 companies in sector 33110 we hold annual accounts for 440. 172 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-04-1992
Fiscal year end31-12
Activities, NACEBEL
33110Repair and maintenance of fabricated metal products
45402
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95312Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
95313Repair and fitting of specific motor vehicle parts
45204
47820Retail sale of motor vehicle parts and accessories
47830Retail sale of motorcycles and motorcycle parts and accessories
95314Bodywork repair (including spraying and painting)
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.