TMZ
ActiveSummary
The computed 12-month bankruptcy probability of TMZ is 2.0% (moderate). The 2025 annual accounts show equity of €227,535 and a net result of €29,421. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 28184 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+8
Solvency100▲+22
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity ample (current ratio 3.6 against 1.42 in 2024; short-term debt: 11.4% and cash: 13% of total assets), and 11.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
88.6%
Return on assets
11.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
145 d late
2023
72 d late
2022
58 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 61 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
In the rankings
#6 company by equity in Pont-à-Celles, Construction sector
Equity
€227,535▲ 14.9%
2024 · €198,114
Total assets
€256,704▼ 31.1%
2024 · €372,780
Net result
€29,421▲ 71.1%
2024 · €17,192
Working capital
€75,760▲ 2.7%
2024 · €73,799
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€35,072-€38,268▲ 9.1%€109,996▲ 187%€16,614▼ 84.9%€63,061▲ 280%
Net result€36,334above the sector's middle half-€32,524above the sector's middle half▼ 10.5%€102,063above the sector's middle half▲ 214%€17,192within the sector's middle half▼ 83.2%€29,421above the sector's middle half▲ 71.1%
Equity€46,334within the sector's middle half-€78,858within the sector's middle half▲ 70.2%€180,921above the sector's middle half▲ 129%€198,114above the sector's middle half▲ 9.5%€227,535above the sector's middle half▲ 14.9%
Total assets€51,283below the sector's middle half-€175,248within the sector's middle half▲ 242%€284,002within the sector's middle half▲ 62.1%€372,780above the sector's middle half▲ 31.3%€256,704within the sector's middle half▼ 31.1%
Debt€4,949-€96,390▲ 1,848%€103,080▲ 6.9%€174,666▲ 69.4%€29,168▼ 83.3%
Working capital€23,920-€56,873▲ 138%€70,887▲ 24.6%€73,799▲ 4.1%€75,760▲ 2.7%
Solvency90.3%above the sector's middle half-45.0%within the sector's middle half▼ 45.4pp63.7%within the sector's middle half▲ 18.7pp53.1%within the sector's middle half▼ 10.6pp88.6%above the sector's middle half▲ 35.5pp
Staff (FTE)11.51▼ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 280% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €256,704
Fixed assets
€151,775 ▲ 22.1%
Current assets
€104,928 ▼ 57.8%
Equity and liabilities €256,704
Equity
€227,535 ▲ 14.9%
Debt
€29,168 ▼ 83.3%
Debt's share of the balance-sheet total falls from 46.9% to 11.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€77,044▲
2024 · €29,718
Cash flow
€43,404▲
2024 · €30,296
Current ratio
3.60▲
2024 · 1.42
Quick ratio
3.09▲
2024 · 1.35
Debt to equity
0.13▼
2024 · 0.88
ROE
12.9%▲
2024 · 8.7%
ROA
11.5%▲
2024 · 4.6%
Interest coverage
71.44▼
2024 · 143.88
Debt ≤ 1 year
€29,168▼
2024 · €174,666
Income taxes
€37,239▲
2024 · €4,848
Staff costs
€17,453▼
2024 · €43,616
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,964 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €750 | - | - | - | - |
| Remuneration, social security and pensions62 | €12,871 | €11,301 | €16,521 | €43,616 | €17,453 | ▼ 60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,310 | €10,664 | €15,060 | €13,104 | €13,982 | ▲ 6.7% |
| Other operating charges640/8 | €398 | €389 | €636 | €609 | €594 | ▼ 2.6% |
| Non-recurring operating charges66A | - | - | €2,761 | €0 | - | - |
| Gross operating margin9900 | €57,651 | €60,621 | €144,974 | €73,944 | €95,091 | ▲ 28.6% |
| Operating profit (loss)9901 | €35,072 | €38,268 | €109,996 | €16,614 | €63,061 | ▲ 280% |
| Financial income75/76B | €1,283 | €1,943 | €5,450 | €5,632 | €4,677 | ▼ 17.0% |
| Recurring financial income75 | €1,283 | €1,943 | €5,450 | €5,632 | €4,677 | ▼ 17.0% |
| Financial charges65/66B | €21 | €187 | €312 | €207 | €1,078 | ▲ 422% |
| Recurring financial charges65 | €21 | €187 | €312 | €207 | €1,078 | ▲ 422% |
| Profit (loss) for the period before taxes9903 | €36,334 | €40,024 | €115,134 | €22,040 | €66,661 | ▲ 202% |
| Income taxes67/77 | - | €7,500 | €13,071 | €4,848 | €37,239 | ▲ 668% |
| Profit (loss) for the period9904 | €36,334 | €32,524 | €102,063 | €17,192 | €29,421 | ▲ 71.1% |
| Profit (loss) for the period to be appropriated9905 | €36,334 | €32,524 | €102,063 | €17,192 | €29,421 | ▲ 71.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51,283 | €175,248 | €284,002 | €372,780 | €256,704 | ▼ 31.1% |
| Fixed assets21/28 | €22,414 | €21,985 | €110,034 | €124,315 | €151,775 | ▲ 22.1% |
| Tangible fixed assets22/27 | €22,239 | €21,810 | €24,859 | €30,709 | €45,073 | ▲ 46.8% |
| Plant, machinery and equipment23 | €12,057 | €13,249 | €9,537 | €7,155 | €28,594 | ▲ 300% |
| Furniture and vehicles24 | €10,182 | €8,562 | €15,322 | €23,553 | €16,479 | ▼ 30.0% |
| Financial fixed assets28 | €175 | €175 | €85,175 | €93,606 | €106,703 | ▲ 14.0% |
| Current assets29/58 | €28,869 | €153,263 | €173,968 | €248,465 | €104,928 | ▼ 57.8% |
| Amounts receivable after more than one year29 | - | - | - | €85,536 | €0 | ▼ 100% |
| Trade receivables290 | - | - | - | €85,536 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | - | €21,979 | €9,188 | €13,446 | €14,669 | ▲ 9.1% |
| Stocks30/36 | - | €21,979 | €9,188 | €13,446 | €14,669 | ▲ 9.1% |
| Amounts receivable within one year40/41 | €7,975 | €103,041 | €98,825 | €106,398 | €54,520 | ▼ 48.8% |
| Trade receivables40 | €1,079 | €55,384 | €39,013 | €97,480 | €22,821 | ▼ 76.6% |
| Other amounts receivable41 | €6,896 | €47,657 | €59,812 | €8,919 | €31,699 | ▲ 255% |
| Cash at bank and in hand54/58 | €20,453 | €26,008 | €64,173 | €40,758 | €33,390 | ▼ 18.1% |
| Deferred charges and accrued income490/1 | €441 | €2,235 | €1,781 | €2,326 | €2,350 | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51,283 | €175,248 | €284,002 | €372,780 | €256,704 | ▼ 31.1% |
| Equity10/15 | €46,334 | €78,858 | €180,921 | €198,114 | €227,535 | ▲ 14.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €36,334 | €68,858 | €170,921 | €188,114 | €217,535 | ▲ 15.6% |
| Amounts payable17/49 | €4,949 | €96,390 | €103,080 | €174,666 | €29,168 | ▼ 83.3% |
| Amounts payable within one year42/48 | €4,949 | €96,390 | €103,080 | €174,666 | €29,168 | ▼ 83.3% |
| Trade debts44 | €4,101 | €51,865 | €41,943 | €114,815 | €10,483 | ▼ 90.9% |
| Suppliers440/4 | €4,101 | €51,865 | €41,943 | €114,815 | €10,483 | ▼ 90.9% |
| Advances received on contracts in progress46 | - | €41,800 | €51,560 | €0 | - | - |
| Taxes, remuneration and social security45 | €848 | €2,724 | €9,577 | €9,851 | €18,685 | ▲ 89.7% |
| Taxes450/3 | €208 | - | €388 | €4,848 | €18,068 | ▲ 273% |
| Remuneration and social security454/9 | €640 | €2,724 | €9,189 | €5,003 | €617 | ▼ 87.7% |
| Other amounts payable47/48 | - | - | - | €50,000 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,334 | €32,524 | €102,063 | €17,192 | €29,421 | ▲ 71.1% |
| + Depreciation and write-downs630 | €9,310 | €10,664 | €15,060 | €13,104 | €13,982 | ▲ 6.7% |
| Operating cash flow (approximation) | €45,644 | €43,188 | €117,123 | €30,296 | €43,404 | ▲ 43.3% |
| Investment in fixed assets (approximation) | - | -€10,235 | -€103,108 | -€27,385 | -€41,443 | ▼ 51.3% |
| Change in cash | - | €5,555 | €38,165 | -€23,415 | -€7,369 | ▲ 68.5% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 3.60
Current ratio from 1.42 to 3.60; short-term debt falls from €174,666 to €29,168.
31-12
Financial
Equity above €200,000Eq €227,535 ▲14.9%
5 profitable years in a row build equity to €227,535.
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 145 days late
2024
31-12
Financial
Weakest financial yearnet €17,192 ▼83.2%
Net result drops to €17,192, the lowest in the series; recovery starts the following year.
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 72 days late
2023
31-12
Financial
Highest result since 2021net €102,063 ▲214%
Operating result €109,996, net result €102,063, both a record.
31-12
Financial
Equity above €150,000Eq €180,921 ▲129%
3 profitable years in a row build equity to €180,921.
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 acts for this company are 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, Pont-à-Celles · 1 establishment unit since 2020
Ground area
921 m²
Building footprint
148 m²
Parcel 52009B0108/00D000, Wallonia. Linked by address, not a title deed.
1 establishment unit
TMZ
since 20202.306.581.509
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52009B0108/00D000 | Wallonia | 921 m² | 1 · 147 m² | - |
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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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,069 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
Founded03-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47540Retail sale of electrical household appliances
Contact
E-mail
hauchartm@gmail.com
Phone
+32479053821
E-invoicing
Reachable via Peppol
Peppol ID
0208:0753644369
Registered
12-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.