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TMS culture

Active
Private limited companyfounded 1984active for 42 yearsZuidstraat 67, 1000 Brussel, BelgiumKBO/BCE: BE 0426.226.908
Summary

TMS culture has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €148,736 and a net result of €27,379. Equity has been growing by about 10% per year since 2019. Its solvency ranks better than 87% of 22,793 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Overview

Official details

Source: KBO
Status
Active since 24-09-1984 Normal situation
Activity
Retail sale of other cultural and recreation goods NACE 47690and 2 others
Establishment unit
2.025.548.456 1000 Brussel, since 20-09-1984
Financial year end
31 March
Peppol
Reachable since 14-11-2025

Board and ownership

Board

Financial position

85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.6%
Annual accounts to 31-03-2025
Gross margin
€91,021
▼ 13.3%
Turnover
≈ €550,000
estimated
Profit
€27,379
▼ 6.9%
Equity
€148,736
▲ 22.6%
Total assets
€188,274
▼ 9.1%
Employees on 31-03-2025
1
=
  • 2026 accounts not filed, 4 days past the deadline
Score breakdownraises riskFigures for financial year 2025 (filed on 04-11-2025)Size: total assets €188,274Sector: Retail trade (NACE 47)lowers riskFounded in 1984Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 78% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency 100+16
equity 79.0% of total assets
Liquidity 56+1
short-term debt 19.2% · cash 9.5%
Profitability 87+1
return on assets 14.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,278 companies, NACE 47, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025lowest value 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.3%▲ +0.2 percentage points vs 10-2025 12-2025: 0.2%▼ -0.1 percentage points vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged vs 07-2026 09-2026: 0.2%● unchanged vs 08-2026 10-2026: 0.5%▲ +0.3 percentage points vs 09-2026 11-2026: 0.6%▲ +0.1 percentage points vs 10-2026highest value
Credit of up to €12,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.85 (2.3 in 2024), above the usual 1.5. Short-term debt is 19.2% and cash 9.5% of total assets. 21% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 92% of them on solvency, 62% on liquidity, 82% on profitability and 75% on growth.

The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2025 (filed on 04-11-2025)
NBB · annual accounts
raises risk · Size: total assets €188,274
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Founded in 1984
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
not filed
2025
on the day
2024
3 days early
2023
16 days late
2022
22 days late
2021
25 days late
2020
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 15 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher solvency than 87% of companies in retail tradesector median 33.2% · 22,793 companies 79.0% View
  • Merger with Entre deux Mainsmerger on 15-05-2026 2026 View

Recent changes

  1. · Gazette deed Merger: TMS Culture takes over Entre deux MainsThe company holds all the shares of Entre deux Mains
  2. · Gazette deed Merger proposal: TMS CULTURE takes over Entre deux MainsThe company holds all the shares of Entre deux Mains
  3. · Gazette deed Resignation: Syfer Thierry (director)Appointment: Olne Pascale (director)
All 21 events

Comparable companies

These companies have the same main activity as TMS culture: retail sale of other cultural and recreation goods (NACE 47690). They are comparable in size and age: total assets between €148,000 and €291,000, founded between 1980 and 1999.

CompanyTotal assetsGross margin
TMS culture Brussel€188,274€91,021
La Boîte à Musique Brussel€147,646€90,114
PIANO'S CARLIER - VAN WESEMAEL EN ZOON Sint-Agatha-Berchem€238,035€149,088
J. WAUTERS Waterloo€290,650€63,771
ARTEFACT Mettet€192,986€28,751
Les ateliers de l'accordéon Gerpinnes€208,474€46,802
BILLEN MUZIEKHANDEL Mol€177,614€51,826
Full comparison

Key facts about TMS culture

What is the company number of TMS culture?
The company number of TMS culture is 0426.226.908. The VAT number is the same number with BE in front: BE 0426.226.908.
Where is TMS culture based?
The registered office is at Zuidstraat 67, 1000 Brussel.Company details
What does TMS culture do?
According to the KBO register, the main activity is retail sale of other cultural and recreation goods (NACE 47690).
What is the legal form of TMS culture?
The legal form of TMS culture is Private limited company (BV).
When was TMS culture founded?
TMS culture was founded on 24-09-1984.
Is TMS culture still active?
Yes, TMS culture is an active enterprise in the KBO register.
How many employees does TMS culture have?
TMS culture had an average of 1.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TMS culture?
The turnover in financial year 2025 is ≈ €550,000. This figure is estimated from the gross margin of €91,021 and 32 comparable companies (NACE 476). It probably lies between €250,000 and €910,000.
Is TMS culture profitable?
In financial year 2025, TMS culture made a profit of €27,379.
Where can I find the annual accounts of TMS culture?
TMS culture filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.

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