TOTAL M Solutions
ActiveThe file of TOTAL M Solutions contains 1 judicial reorganisation, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 4.6% (elevated). The 2025 annual accounts show equity of €244k and a net result of €31k. Equity is growing by ~38.4% per year across the filed fiscal years. Its solvency ranks better than 24% of 1648 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+3
Solvency39▲+2
Growth78=
Track record60
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity short (current ratio 0.96 against 0.95 in 2024; short-term debt: 79% and cash: 4% of total assets), and 86.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
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
13.9%
Return on assets
1.8%
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 24% of 1648 sector peers (2025).
NBB · sector comparisonPosition among 1648 sector peers
Solvency
better than 24%
← weakest
strongest →
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 · 10 filingsDeviation from the deadline
2025
on the day
2024
21 d early
2023
33 d early
2022
143 d early
2021
31 d early
2020
1 d early
2019
34 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.46M
EBIT margin
4.6%
Net result
€31k▲ 7.9%
2024 · €29k
2018: €-108klowest in 8 years
2019: €4k▲ +104% vs 2018
2020: €-49k▼ -1384% vs 2019
2021: €6k▲ +113% vs 2020
2022: €20k▲ +207% vs 2021
2023: €23k▲ +16.1% vs 2022
2024: €29k▲ +26.4% vs 2023
2025: €31k▲ +7.9% vs 2024highest in 8 years
2018 → 2025
Working capital
€-53k▲ 23.7%
2024 · €-70k
2018: €-89k
2019: €-91k▼ -2.8% vs 2018
2020: €-189k▼ -107% vs 2019
2021: €-222k▼ -17.5% vs 2020lowest in 8 years
2022: €-177k▲ +20.1% vs 2021
2023: €31k▲ +118% vs 2022highest in 8 years
2024: €-70k▼ -322% vs 2023
2025: €-53k▲ +23.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.46M-
Equity€76k-€131k▲ 72.1%€184k▲ 40.5%€213k▲ 15.8%€244k▲ 14.7%
2021: €76klowest in 5 years
2022: €131k▲ +72.1% vs 2021
2023: €184k▲ +40.5% vs 2022
2024: €213k▲ +15.8% vs 2023
2025: €244k▲ +14.7% vs 2024highest in 5 years
Operating result€113k-€116k▲ 2.4%€126k▲ 8.8%€146k▲ 15.3%€142k▼ 2.7%
2021: €113klowest in 5 years
2022: €116k▲ +2.4% vs 2021
2023: €126k▲ +8.8% vs 2022
2024: €146k▲ +15.3% vs 2023highest in 5 years
2025: €142k▼ -2.7% vs 2024
Net result€6k-€20k▲ 207%€23k▲ 16.1%€29k▲ 26.4%€31k▲ 7.9%
2021: €6klowest in 5 years
2022: €20k▲ +207% vs 2021
2023: €23k▲ +16.1% vs 2022
2024: €29k▲ +26.4% vs 2023
2025: €31k▲ +7.9% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.76M
Fixed assets
€423k ▼ 15.8%
Current assets
€1.34M ▲ 5.0%
Equity and liabilities €1.76M
Equity
€244k ▲ 14.7%
Debt
€1.52M ▼ 3.0%
Debt's share of the balance-sheet total falls from 88.0% to 86.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€239k▲
2024 · €230k
Cash flow
€128k▲
2024 · €113k
Current ratio
0.96▲
2024 · 0.95
Quick ratio
0.86▲
2024 · 0.85
Debt to equity
6.20▼
2024 · 7.34
ROE
12.8%▼
2024 · 13.7%
ROA
1.8%▲
2024 · 1.6%
Interest coverage
2.77▲
2024 · 2.45
Debt ≤ 1 year
€1.39M▲
2024 · €1.34M
Debt > 1 year
€125k▼
2024 · €219k
Income taxes
€24k▲
2024 · €23k
Staff costs
€206k▼
2024 · €837k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 63 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.78M€1.76M▼
Fixed assets21/28€502k€423k▼
Intangible fixed assets21€34k€23k▼
Tangible fixed assets22/27€449k€381k▼
Land and buildings22€178k€167k▼
Plant, machinery and equipment23€129k€111k▼
Furniture and vehicles24€122k€82k▼
Leasing and similar rights25€0-
Other tangible fixed assets26€20k€21k▲
Financial fixed assets28€19k€19k=
Current assets29/58€1.27M€1.34M▲
Amounts receivable after more than one year29€91k€113k▲
Other amounts receivable291€91k€113k▲
Stocks and contracts in progress3€138k€143k▲
Stocks30/36€138k€143k▲
Amounts receivable within one year40/41€921k€984k▲
Trade receivables40€685k€739k▲
Other amounts receivable41€236k€245k▲
Cash at bank and in hand54/58€95k€70k▼
Deferred charges and accrued income490/1€29k€28k▼
Equity and liabilities
Total equity and liabilities10/49€1.78M€1.76M▼
Equity10/15€213k€244k▲
Contributions10/11€20k€20k=
Revaluation surpluses12€173k€173k=
Reserves13€94k€94k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€0-
Other1319€2k€2k=
Distributable reserves133€92k€92k=
Profit (loss) carried forward14€-75k€-43k▲
Amounts payable17/49€1.56M€1.52M▼
Amounts payable after more than one year17€219k€125k▼
Financial debts170/4€219k€121k▼
Other amounts payable178/9-€4k
Amounts payable within one year42/48€1.34M€1.39M▲
Current portion of amounts payable after more than one year42€96k€52k▼
Financial debts43€0-
Other loans439€0-
Trade debts44€374k€833k▲
Suppliers440/4€374k€833k▲
Taxes, remuneration and social security45€873k€506k▼
Taxes450/3€481k€192k▼
Remuneration and social security454/9€393k€314k▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3-€6
Income statement
Code20242025
Non-recurring operating income76A€15k€0▼
Remuneration, social security and pensions62€837k€206k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€97k▲
Other operating charges640/8€8k€10k▲
Non-recurring operating charges66A€616€0▼
Gross operating margin9900€1.08M€455k▼
Operating profit (loss)9901€146k€142k▼
Financial income75/76B€0€52▲
Recurring financial income75€0€52▲
Financial charges65/66B€94k€86k▼
Recurring financial charges65€94k€86k▼
Profit (loss) for the period before taxes9903€52k€55k▲
Income taxes67/77€23k€24k▲
Profit (loss) for the period9904€29k€31k▲
Profit (loss) for the period to be appropriated9905€29k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-75k€-43k▲
Profit (loss) brought forward from the previous period14P€-104k€-75k▲
Social balance
Average headcount (FTE)908715.82.5▼
The notes to these accounts (22 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.46M | - | - | - | - | - |
| Non-recurring operating income76A | - | €70k | €0 | €15k | €0 | ▼ 100% |
| Goods, raw materials, services and sundry goods60/61 | €1.04M | - | - | - | - | - |
| Remuneration, social security and pensions62 | €1.29M | €1.48M | €1.30M | €837k | €206k | ▼ 75.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40k | €47k | €60k | €84k | €97k | ▲ 14.9% |
| Other operating charges640/8 | €36k | €1k | €5k | €8k | €10k | ▲ 26.8% |
| Non-recurring operating charges66A | €8k | €0 | - | €616 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.49M | €1.64M | €1.49M | €1.08M | €455k | ▼ 57.7% |
| Operating profit (loss)9901 | €113k | €116k | €126k | €146k | €142k | ▼ 2.7% |
| Financial income75/76B | €5k | €6k | €6k | €0 | €52 | - |
| Recurring financial income75 | €5k | €6k | €6k | €0 | €52 | - |
| Financial charges65/66B | €56k | €64k | €76k | €94k | €86k | ▼ 8.2% |
| Recurring financial charges65 | €56k | €64k | €76k | €94k | €86k | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €62k | €58k | €57k | €52k | €55k | ▲ 7.4% |
| Income taxes67/77 | €56k | €38k | €34k | €23k | €24k | ▲ 6.7% |
| Profit (loss) for the period9904 | €6k | €20k | €23k | €29k | €31k | ▲ 7.9% |
| Profit (loss) for the period to be appropriated9905 | €6k | €20k | €23k | €29k | €31k | ▲ 7.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.60M | €1.32M | €1.72M | €1.78M | €1.76M | ▼ 0.9% |
| Fixed assets21/28 | €310k | €314k | €496k | €502k | €423k | ▼ 15.8% |
| Intangible fixed assets21 | €43k | €39k | €47k | €34k | €23k | ▼ 34.5% |
| Tangible fixed assets22/27 | €265k | €273k | €444k | €449k | €381k | ▼ 15.0% |
| Land and buildings22 | €126k | €158k | €185k | €178k | €167k | ▼ 6.4% |
| Plant, machinery and equipment23 | €16k | €18k | €149k | €129k | €111k | ▼ 13.7% |
| Furniture and vehicles24 | €80k | €64k | €86k | €122k | €82k | ▼ 32.2% |
| Leasing and similar rights25 | €10k | €5k | €877 | €0 | - | - |
| Other tangible fixed assets26 | €33k | €29k | €24k | €20k | €21k | ▲ 3.2% |
| Financial fixed assets28 | €2k | €2k | €5k | €19k | €19k | = |
| Current assets29/58 | €1.29M | €1.00M | €1.22M | €1.27M | €1.34M | ▲ 5.0% |
| Amounts receivable after more than one year29 | €336k | €315k | €133k | €91k | €113k | ▲ 23.7% |
| Other amounts receivable291 | €336k | €315k | €133k | €91k | €113k | ▲ 23.7% |
| Stocks and contracts in progress3 | €73k | €100k | €138k | €138k | €143k | ▲ 3.9% |
| Stocks30/36 | €73k | €100k | €138k | €138k | €143k | ▲ 3.9% |
| Amounts receivable within one year40/41 | €827k | €517k | €819k | €921k | €984k | ▲ 6.8% |
| Trade receivables40 | €755k | €437k | €584k | €685k | €739k | ▲ 7.8% |
| Other amounts receivable41 | €72k | €80k | €236k | €236k | €245k | ▲ 4.0% |
| Cash at bank and in hand54/58 | €21k | €31k | €108k | €95k | €70k | ▼ 26.4% |
| Deferred charges and accrued income490/1 | €34k | €41k | €26k | €29k | €28k | ▼ 2.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.60M | €1.32M | €1.72M | €1.78M | €1.76M | ▼ 0.9% |
| Equity10/15 | €76k | €131k | €184k | €213k | €244k | ▲ 14.7% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Revaluation surpluses12 | €108k | €143k | €173k | €173k | €173k | = |
| Reserves13 | €94k | €94k | €94k | €94k | €94k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Other1319 | - | - | - | €2k | €2k | = |
| Distributable reserves133 | €92k | €92k | €92k | €92k | €92k | = |
| Profit (loss) carried forward14 | €-147k | €-127k | €-104k | €-75k | €-43k | ▲ 41.9% |
| Amounts payable17/49 | €1.53M | €1.19M | €1.54M | €1.56M | €1.52M | ▼ 3.0% |
| Amounts payable after more than one year17 | €12k | €6k | €343k | €219k | €125k | ▼ 43.0% |
| Financial debts170/4 | €12k | €6k | €343k | €219k | €121k | ▼ 44.6% |
| Other amounts payable178/9 | - | - | - | - | €4k | - |
| Amounts payable within one year42/48 | €1.51M | €1.18M | €1.19M | €1.34M | €1.39M | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | €18k | €34k | €39k | €96k | €52k | ▼ 45.9% |
| Financial debts43 | €613k | €107k | €47k | €0 | - | - |
| Credit institutions430/8 | €65k | €3k | €0 | - | - | - |
| Other loans439 | €548k | €103k | €47k | €0 | - | - |
| Trade debts44 | €158k | €134k | €150k | €374k | €833k | ▲ 123% |
| Suppliers440/4 | €158k | €134k | €150k | €374k | €833k | ▲ 123% |
| Taxes, remuneration and social security45 | €706k | €900k | €955k | €873k | €506k | ▼ 42.0% |
| Taxes450/3 | €295k | €473k | €534k | €481k | €192k | ▼ 60.0% |
| Remuneration and social security454/9 | €411k | €427k | €421k | €393k | €314k | ▼ 20.0% |
| Other amounts payable47/48 | €17k | €6k | €1k | €0 | - | - |
| Accrued charges and deferred income492/3 | €600 | €0 | - | - | €6 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €20k | €23k | €29k | €31k | ▲ 7.9% |
| + Depreciation and write-downs630 | €40k | €47k | €60k | €84k | €97k | ▲ 14.9% |
| Operating cash flow (approximation) | €47k | €67k | €83k | €113k | €128k | ▲ 13.1% |
| Investment in fixed assets (approximation) | - | €-50k | €-242k | €-91k | €-18k | ▲ 80.6% |
| Change in cash | - | €10k | €76k | €-13k | €-25k | ▼ 92.1% |
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 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €31k ▲7.9%
Net result €31k, the highest in the series.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €213k ▲15.8%
4 profitable years in a row build equity to €213k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150kEq €184k ▲40.5%
3 profitable years in a row build equity to €184k.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €131k ▲72.1%
2 profitable years in a row build equity to €131k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 19 days late
02-03
Judicial reorganisation
Transfer under judicial authority
rechtbank van koophandel te Hasselt · court-supervised transfer
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Herenthout · 1 establishment unit since 2008
Ground area
5,185 m²
Building footprint
1,279 m²
Volume, LiDAR
4,862 m³
Parcel 13012A0524/00G000, Flanders · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
STEADY AGENCY
since 20082.216.474.249
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13012A0524/00G000 | Flanders | 5,185 m² | 1 · 1,278 m² | 5.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,193 EUR awarded · 1,193 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,193 EUR | 1,193 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,709 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
Founded03-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
73300Public relations and communication consultancy
77225Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.