TORMANS MANAGEMENT ENGINEERS
ActiveTORMANS MANAGEMENT ENGINEERS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €64k and a net result of €150k. Equity is shrinking by ~20.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 35% of 315 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency37▲+32
Growth64▲+17
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.79 in 2024; short-term debt: 88.2% and cash: 48.5% of total assets), and 88.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 78
Relative position
BE, all sectors
reference
Sector 78
lower
← 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
11.8%
Return on assets
27.7%
Age of the figures
9 mo
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
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
27 d early
2023
13 d late
2022
31 d late
2021
4 d late
2020
11 d early
2019
110 d late
← 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€1.68M=
2019 · €1.68M
2018: €1.32M
2019: €1.68M
2018 → 2020
EBIT margin
6.0%▲ 4.6pp
2019 · 1.4%
2018: 1.9%
2019: 1.4%
2018 → 2020
Net result
€150k
2024 · €-140k
2018: €-15k
2019: €-15k
2020: €65k
2021: €22k
2022: €-159k
2023: €-39k
2024: €-140k
2018 → 2025
Working capital
€30k
2024 · €-107k
2018: €174k
2019: €102k
2020: €102k
2021: €215k
2022: €81k
2023: €52k
2024: €-107k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€251k-€93k▼ 63.1%€54k▼ 42.0%€-86k€64k
Operating result€52k-€-153k€-31k▲ 79.9%€-130k▼ 321%€157k
Net result€22k-€-159k€-39k▲ 75.4%€-140k▼ 259%€150k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €157k after a loss of €130k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €541k
Fixed assets
€34k▲ 60.5%
Current assets
€507k▲ 23.2%
Equity and liabilities €541k
Equity
€64k
Debt
€477k
Debt finances 88.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€166k▲
2024 · €-126k
Cash flow
€159k▲
2024 · €-136k
Solvency
11.8%▲
2024 · -19.9%
Current ratio
1.06▲
2024 · 0.79
Quick ratio
1.06▲
2024 · 0.79
Debt / equity
7.51▲
2024 · -6.02
ROE
235.7%
ROA
27.7%▲
2024 · -32.3%
Interest coverage
122.04▲
2024 · -61.03
Debt
€477k▼
2024 · €519k
Debt ≤ 1 year
€477k▼
2024 · €519k
Income taxes
€6k▼
2024 · €8k
Staff costs
€2.17M▼
2024 · €2.19M
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€433k€541k▲
Fixed assets21/28€21k€34k▲
Tangible fixed assets22/27€21k€34k▲
Plant, machinery and equipment23€21k€21k▲
Furniture and vehicles24€0€12k▲
Current assets29/58€411k€507k▲
Amounts receivable within one year40/41€300k€236k▼
Trade receivables40€5k€30k▲
Other amounts receivable41€295k€206k▼
Cash at bank and in hand54/58€102k€262k▲
Deferred charges and accrued income490/1€10k€8k▼
Equity and liabilities
Total equity and liabilities10/49€433k€541k▲
Equity10/15€-86k€64k▲
Contributions10/11€6k€6k=
Reserves13€0€57k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€0€57k▲
Profit (loss) carried forward14€-92k€0▲
Amounts payable17/49€519k€477k▼
Amounts payable within one year42/48€519k€477k▼
Current portion of amounts payable after more than one year42€28k€0▼
Financial debts43€0€32k▲
Credit institutions430/8€0€32k▲
Trade debts44€91k€96k▲
Suppliers440/4€91k€96k▲
Taxes, remuneration and social security45€400k€349k▼
Taxes450/3€161k€126k▼
Remuneration and social security454/9€239k€223k▼
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A€26k€19k▼
Remuneration, social security and pensions62€2.19M€2.17M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€9k▲
Other operating charges640/8€7k€6k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€2.08M€2.34M▲
Operating profit (loss)9901€-130k€157k▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-132k€156k▲
Income taxes67/77€8k€6k▼
Profit (loss) for the period9904€-140k€150k▲
Profit (loss) for the period to be appropriated9905€-140k€150k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-140k€57k▲
Profit (loss) brought forward from the previous period14P-€-92k
Transfer from equity791/2€49k€0▼
Transfer to equity691/2€2k€57k▲
To other reserves6921€2k€57k▲
Social balance
Average headcount (FTE)9087-28.8
The notes to these accounts (13 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €150k
Net result €150k after 3 loss-making years.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 13 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-159k ▼834%
Net result drops to €-159k, the lowest in the series; recovery starts the following year.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €65k
Net result €65k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €230k ▲39.3%
Equity rises from €165k to €230k.
18-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 110 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 7 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Geel · 4 establishment units since 2011
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.
Kleinhoefstraat 112440 GeelGround area
3.7 ha
Building footprint
1.2 ha
Volume, LiDAR
116,624 m³
4 parcels, Flanders · tallest building 64.4 m, ±19 floors. Linked by address, not a title deed.
4 establishment units
Kleinhoefstraat 11, 2440 Geel
since 20112.208.315.757
Schaliënhoevedreef 20, 2800 Mechelen
since 20202.306.004.358
Baron Van Loolaan 15, 9940 Evergem
since 20202.306.004.556
Noorderlaan 147, 2030 Antwerpen
since 20212.386.113.193
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44019A1790/00B000 | Flanders | 1.5 ha | 1 · 8,714 m² | - |
| 11807G1698/02C000 | Flanders | 1.0 ha | 1 · 1,768 m² | 64.4 m · 19 fl. |
| 13376G0391/00D002 | Flanders | 7,965 m² | 1 · 270 m² | 1.0 m |
| 12402A0204/00R000 | Flanders | 3,774 m² | 1 · 1,004 m² | 24.9 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,789 EUR awarded · 1,789 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,789 EUR | 1,789 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Similar companies · same sector, comparable size
DANASADA
BE 0795.372.878
Charleroi · Eq €63k
Mi4U Consulting
BE 0744.631.980
Gingelom · Eq €64k
CHARLEO CONSULTING
BE 0800.705.207
Roeselare · Eq €64k
Your Future Solutions
BE 0749.450.209
Waregem · Eq €63k
CRESCENDO COACHING & CONSULTING
BE 0865.715.496
Herent · Eq €64k
Of 2,362 companies in sector 78100 we hold annual accounts for 1,365. 1,080 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-2011
Fiscal year end31-12
Abbreviation NL
T.M.E.
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
78100Employment placement agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.