TNG
ActiveSummary
TNG has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €280,030 and a net result of €75,096. Equity is growing by ~16.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability54▼-3
Solvency34▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.0 against 0.0 in 2023; short-term debt: 48.8% and cash: 0% of total assets), and 90.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-04-2026, 245 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
245 d late
2023
148 d late
2022
203 d late
2021
227 d late
2020
1 d early
2019
126 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 158 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€75,096▲ 85.2%
2023 · €40,539
Working capital
-€1.5m▼ 30.5%
2023 · -€1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€87,959▲ 64.9%€108,637▲ 23.5%€91,043▼ 16.2%€98,148▲ 7.8%€173,782▲ 77.1%
Net result-€1,550▲ 96.0%€32,772€24,591▼ 25.0%€40,539▲ 64.9%€75,096▲ 85.2%
Equity€115,569▼ 1.3%€148,341▲ 28.4%€172,933▲ 16.6%€213,472▲ 23.4%€280,030▲ 31.2%
Total assets€3.6m▼ 4.2%€3.5m▼ 4.5%€3.3m▼ 4.5%€3.2m▼ 4.6%€3.0m▼ 5.1%
Debt€3.5m▼ 5.6%€3.3m▼ 5.7%€3.1m▼ 5.5%€3.0m▼ 4.8%€2.7m▼ 7.7%
Working capital-€634,466▲ 23.9%-€765,255▼ 20.6%-€924,703▼ 20.8%-€1.1m▼ 21.7%-€1.5m▼ 30.5%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 77% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.0m
Fixed assets
€3.0m ▼ 4.9%
Current assets
€71 ▼ 98.7%
Equity and liabilities €3.0m
Equity
€280,030 ▲ 31.2%
Debt
€2.7m ▼ 7.7%
Debt's share of the balance-sheet total falls from 93.3% to 90.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€328,760▲
2023 · €254,172
Cash flow
€230,073▲
2023 · €196,563
Current ratio
0.00▼
2023 · 0.00
Debt to equity
9.75▼
2023 · 13.85
ROE
26.8%▲
2023 · 19.0%
ROA
2.5%▲
2023 · 1.3%
Interest coverage
3.84▼
2023 · 4.41
Debt ≤ 1 year
€1.5m▲
2023 · €1.1m
Debt > 1 year
€1.3m▼
2023 · €1.8m
Income taxes
€13,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,214 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 1,214 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €156,024 | €156,024 | €156,024 | €156,024 | €154,978 | ▼ 0.7% |
| Other operating charges640/8 | - | €215,021 | €900 | €109,298 | €85,482 | ▼ 21.8% |
| Gross operating margin9900 | €290,101 | €479,682 | €247,967 | €363,470 | €414,241 | ▲ 14.0% |
| Operating profit (loss)9901 | €87,959 | €108,637 | €91,043 | €98,148 | €173,782 | ▲ 77.1% |
| Financial charges65/66B | - | €75,865 | €66,452 | €57,609 | €85,588 | ▲ 48.6% |
| Recurring financial charges65 | €89,509 | €75,865 | €66,452 | €57,609 | €85,588 | ▲ 48.6% |
| Profit (loss) for the period before taxes9903 | -€1,550 | €32,772 | €24,591 | €40,539 | €88,194 | ▲ 118% |
| Income taxes67/77 | - | - | - | - | €13,098 | - |
| Profit (loss) for the period9904 | -€1,550 | €32,772 | €24,591 | €40,539 | €75,096 | ▲ 85.2% |
| Profit (loss) for the period to be appropriated9905 | -€1,550 | €32,772 | €24,591 | €40,539 | €75,096 | ▲ 85.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.6m | €3.5m | €3.3m | €3.2m | €3.0m | ▼ 5.1% |
| Fixed assets21/28 | €3.6m | €3.5m | €3.3m | €3.2m | €3.0m | ▼ 4.9% |
| Tangible fixed assets22/27 | €3.6m | €3.5m | €3.3m | €3.2m | €3.0m | ▼ 4.9% |
| Land and buildings22 | - | €3.5m | €3.3m | €3.2m | €3.0m | ▼ 4.9% |
| Plant, machinery and equipment23 | - | €2,092 | €1,046 | - | - | - |
| Current assets29/58 | €13,712 | €3,931 | €3,639 | €5,429 | €71 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €1,475 | €3,931 | €3,639 | €5,429 | €71 | ▼ 98.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.6m | €3.5m | €3.3m | €3.2m | €3.0m | ▼ 5.1% |
| Equity10/15 | €115,569 | €148,341 | €172,933 | €213,472 | €280,030 | ▲ 31.2% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €4,820 | €4,820 | €4,820 | €4,820 | €4,820 | = |
| Non-distributable reserves130/1 | - | €4,820 | €4,820 | €4,820 | €4,820 | = |
| Legal reserve130 | - | €4,820 | €4,820 | €4,820 | €4,820 | = |
| Profit (loss) carried forward14 | -€39,251 | -€6,479 | €18,113 | €58,652 | €125,210 | ▲ 113% |
| Provisions and deferred taxes16 | €45,000 | €45,000 | €45,000 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €45,000 | €45,000 | - | - | - |
| Environmental obligations163 | - | €45,000 | €45,000 | - | - | - |
| Amounts payable17/49 | €3.5m | €3.3m | €3.1m | €3.0m | €2.7m | ▼ 7.7% |
| Amounts payable after more than one year17 | €2.8m | €2.5m | €2.2m | €1.8m | €1.3m | ▼ 30.9% |
| Financial debts170/4 | - | €2.0m | €1.7m | €1.3m | €753,387 | ▼ 42.9% |
| Other amounts payable178/9 | - | €508,180 | €508,180 | €508,180 | €508,180 | = |
| Amounts payable within one year42/48 | €648,177 | €769,186 | €928,342 | €1.1m | €1.5m | ▲ 29.9% |
| Current portion of amounts payable after more than one year42 | - | €117,600 | €132,469 | €148,221 | €362,701 | ▲ 145% |
| Trade debts44 | €362,514 | €405,842 | €211,062 | €245,379 | €239,662 | ▼ 2.3% |
| Suppliers440/4 | - | €405,842 | €211,062 | €245,379 | €239,662 | ▼ 2.3% |
| Other amounts payable47/48 | - | €245,744 | €584,811 | €736,985 | €866,338 | ▲ 17.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,550 | €32,772 | €24,591 | €40,539 | €75,096 | ▲ 85.2% |
| + Depreciation and write-downs630 | €156,024 | €156,024 | €156,024 | €156,024 | €154,978 | ▼ 0.7% |
| Operating cash flow (approximation) | €154,474 | €188,796 | €180,615 | €196,563 | €230,073 | ▲ 17.0% |
| Investment in fixed assets (approximation) | - | -€0 | -€1 | €1 | €0 | ▼ 100% |
| Change in cash | - | €2,456 | -€292 | €1,790 | -€5,358 | ▼ 399% |
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
2026
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 245 days late
2024
31-12
Financial
Highest result since 2018net €75,096 ▲85.2%
Operating result €173,782, net result €75,096, both a record.
26-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 148 days late
19-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 203 days late
2023
31-12
Financial
Equity above €200,000Eq €213,472 ▲23.4%
3 profitable years in a row build equity to €213,472.
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 227 days late
2022
31-12
Financial
Equity above €150,000Eq €172,933 ▲16.6%
2 profitable years in a row build equity to €172,933.
2021
31-12
Financial
Back to profitnet €32,772
Net result €32,772 after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 126 days late
2019
31-12
Financial
Weakest financial yearnet -€39,233
Net result drops to -€39,233, the lowest in the series; recovery starts the following year.
26-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 118 days late
Show earlier events
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 83 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
2016
13-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 44 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Schaarbeek · 1 establishment unit since 2006
Ground area
291 m²
Building footprint
144 m²
Volume, LiDAR
1,907 m³
Parcel 21906D0015/00D004, Brussels · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
TNG
since 20062.153.669.422
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21906D0015/00D004 | Brussels | 291 m² | 1 · 144 m² | 16.9 m · 5 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.
Identification & contact
Identification
Legal formPublic limited company
Founded13-12-2005
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877880286
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.