Summary
TP GESTION is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €114,632 and a net result of €47,364. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 17% of 5587 sector peers (fiscal year 2025). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5587 sector peers (2025).
NBB · sector comparisonPosition among 5587 sector peers
Solvency
better than 17%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €114,632
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
17 d late
2024
20 d late
2023
22 d late
2022
31 d late
2021
26 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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. Usually files around 23 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#7 oldest company in the province of Luxembourg, Financial services sector#9 employer in the province of Luxembourg, Finance and insurance sector
Equity
€114,632▲ 70.4%
2024 · €67,268
Net result
€47,364
2024 · -€36,836
Total assets
€757,021▲ 26.6%
2024 · €597,889
Solvency
15.1%▲ 3.9pp
2024 · 11.3%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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€34,515-€3,178€50,629-€26,057€87,666
Net result€17,137within the sector's middle half-€20,889below the sector's middle half€16,936within the sector's middle half-€36,836below the sector's middle half€47,364within the sector's middle half
Equity€108,058below the sector's middle half▲ 18.8%€87,168below the sector's middle half▼ 19.3%€104,104below the sector's middle half▲ 19.4%€67,268below the sector's middle half▼ 35.4%€114,632below the sector's middle half▲ 70.4%
Total assets€495,352below the sector's middle half▲ 21.2%€486,619below the sector's middle half▼ 1.8%€596,370below the sector's middle half▲ 22.6%€597,889below the sector's middle half▲ 0.3%€757,021within the sector's middle half▲ 26.6%
Debt€387,295▲ 21.9%€399,451▲ 3.1%€492,266▲ 23.2%€530,620▲ 7.8%€642,389▲ 21.1%
Working capital€97,702within the sector's middle half▲ 11.6%€79,215within the sector's middle half▼ 18.9%€99,753within the sector's middle half▲ 25.9%€64,539within the sector's middle half▼ 35.3%€113,350within the sector's middle half▲ 75.6%
Solvency21.8%below the sector's middle half▼ 0.4pp17.9%below the sector's middle half▼ 3.9pp17.5%below the sector's middle half▼ 0.5pp11.3%below the sector's middle half▼ 6.2pp15.1%below the sector's middle half▲ 3.9pp
Current ratio1.25within the sector's middle half▼ 0.021.20within the sector's middle half▼ 0.051.20within the sector's middle half=1.12within the sector's middle half▼ 0.081.18within the sector's middle half▲ 0.05
Return on assets (ROA)3.5%within the sector's middle half▲ 6.9pp-4.3%below the sector's middle half▼ 7.8pp2.8%within the sector's middle half▲ 7.1pp-6.2%below the sector's middle half▼ 9.0pp6.3%within the sector's middle half▲ 12.4pp
Staff (FTE)10.5above the sector's middle half▲ 2.9%11.9above the sector's middle half▲ 13.3%11.9above the sector's middle half=11.5above the sector's middle half▼ 3.4%9above the sector's middle half▼ 21.7%
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €87,666 after a loss of €26,057 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €757,021
Fixed assets
€1,282 ▼ 53.0%
Current assets
€755,739 ▲ 27.0%
Equity and liabilities €757,021
Equity
€114,632 ▲ 70.4%
Debt
€642,389 ▲ 21.1%
Debt's share of the balance-sheet total falls from 88.7% to 84.9%. Equity and debt are higher.
Key figures and ratios
ROE
41.3%▲
2024 · -54.8%
Debt ≤ 1 year
€642,389▲
2024 · €530,620
Income taxes
€34,318▲
2024 · €7,098
Staff costs
€1.0m▼
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €956,521 | €1.2m | €1.4m | €1.3m | €1.0m | ▼ 21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,098 | €5,212 | €5,473 | €3,124 | €1,446 | ▼ 53.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €52 | - | - | - | - | - |
| Other operating charges640/8 | €424 | €454 | €434 | €5,488 | €457 | ▼ 91.7% |
| Non-recurring operating charges66A | - | - | - | €99 | - | - |
| Gross operating margin9900 | €996,611 | €1.2m | €1.4m | €1.3m | €1.1m | ▼ 13.5% |
| Operating profit (loss)9901 | €34,515 | -€3,178 | €50,629 | -€26,057 | €87,666 | ▲ 436% |
| Financial income75/76B | €619 | - | - | €7,854 | €6,603 | ▼ 15.9% |
| Recurring financial income75 | €24 | - | - | €7,854 | €6,603 | ▼ 15.9% |
| Non-recurring financial income76B | €595 | - | - | - | - | - |
| Financial charges65/66B | €5,977 | €7,362 | €9,455 | €11,535 | €12,587 | ▲ 9.1% |
| Recurring financial charges65 | €5,977 | €7,362 | €9,455 | €11,535 | €12,587 | ▲ 9.1% |
| Profit (loss) for the period before taxes9903 | €29,158 | -€10,539 | €41,174 | -€29,738 | €81,682 | ▲ 375% |
| Income taxes67/77 | €12,021 | €10,350 | €24,238 | €7,098 | €34,318 | ▲ 384% |
| Profit (loss) for the period9904 | €17,137 | -€20,889 | €16,936 | -€36,836 | €47,364 | ▲ 229% |
| Profit (loss) for the period to be appropriated9905 | €17,137 | -€20,889 | €16,936 | -€36,836 | €47,364 | ▲ 229% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €495,352 | €486,619 | €596,370 | €597,889 | €757,021 | ▲ 26.6% |
| Fixed assets21/28 | €10,355 | €7,954 | €4,351 | €2,729 | €1,282 | ▼ 53.0% |
| Tangible fixed assets22/27 | €10,355 | €7,954 | €4,351 | €2,729 | €1,282 | ▼ 53.0% |
| Furniture and vehicles24 | €10,355 | €7,954 | €4,351 | €2,729 | €1,282 | ▼ 53.0% |
| Current assets29/58 | €484,997 | €478,665 | €592,019 | €595,160 | €755,739 | ▲ 27.0% |
| Amounts receivable within one year40/41 | €119,734 | €269,829 | €206,150 | €139,367 | €251,664 | ▲ 80.6% |
| Trade receivables40 | €116,255 | €253,200 | €193,001 | €133,464 | €244,879 | ▲ 83.5% |
| Other amounts receivable41 | €3,479 | €16,628 | €13,149 | €5,902 | €6,785 | ▲ 15.0% |
| Current investments50/53 | - | - | - | €348,280 | €461,468 | ▲ 32.5% |
| Cash at bank and in hand54/58 | €358,861 | €201,732 | €377,552 | €106,033 | €37,418 | ▼ 64.7% |
| Deferred charges and accrued income490/1 | €6,402 | €7,105 | €8,317 | €1,481 | €5,189 | ▲ 250% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €495,352 | €486,619 | €596,370 | €597,889 | €757,021 | ▲ 26.6% |
| Equity10/15 | €108,058 | €87,168 | €104,104 | €67,268 | €114,632 | ▲ 70.4% |
| Contributions10/11 | €6,605 | €6,605 | €8,505 | €8,505 | €8,505 | = |
| Reserves13 | €1,900 | €1,900 | - | - | - | - |
| Non-distributable reserves130/1 | €1,900 | €1,900 | - | - | - | - |
| Reserves not available under the articles1311 | €1,900 | €1,900 | - | - | - | - |
| Profit (loss) carried forward14 | €99,552 | €78,663 | €95,599 | €58,763 | €106,127 | ▲ 80.6% |
| Amounts payable17/49 | €387,295 | €399,451 | €492,266 | €530,620 | €642,389 | ▲ 21.1% |
| Amounts payable within one year42/48 | €387,295 | €399,451 | €492,266 | €530,620 | €642,389 | ▲ 21.1% |
| Trade debts44 | €78,017 | €13,151 | €18,983 | €40,297 | €288,002 | ▲ 615% |
| Suppliers440/4 | €78,017 | €13,151 | €18,983 | €40,297 | €288,002 | ▲ 615% |
| Taxes, remuneration and social security45 | €272,900 | €355,483 | €417,880 | €384,803 | €317,482 | ▼ 17.5% |
| Taxes450/3 | €82,996 | €109,709 | €146,838 | €136,278 | €113,554 | ▼ 16.7% |
| Remuneration and social security454/9 | €189,904 | €245,774 | €271,042 | €248,526 | €203,927 | ▼ 17.9% |
| Other amounts payable47/48 | €36,377 | €30,817 | €55,403 | €105,520 | €36,906 | ▼ 65.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,137 | -€20,889 | €16,936 | -€36,836 | €47,364 | ▲ 229% |
| + Depreciation and write-downs630 | €5,098 | €5,212 | €5,473 | €3,124 | €1,446 | ▼ 53.7% |
| Operating cash flow (approximation) | €22,234 | -€15,677 | €22,409 | -€33,712 | €48,810 | ▲ 245% |
| Investment in fixed assets (approximation) | - | -€2,811 | -€1,871 | -€1,502 | €0 | ▲ 100% |
| Change in cash | - | -€157,129 | €175,819 | -€271,519 | -€68,614 | ▲ 74.7% |
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
17-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 17 days late
2025
31-12
Financial
Back to profitnet €47,364
Net result €47,364 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €114,632 ▲70.4%
Equity rises from €67,268 to €114,632.
25-11
State Gazette act
Board meeting · Permanent representative
Power of attorney
24-11
State Gazette act
Board meeting · Power of attorney
Delegation replacement · Delegation effective date
20-11
State Gazette act
Board meeting · Power of attorney
Permanent representative · Delegation annulment
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 20 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
31-12
Financial
Back to profitnet €16,936
Net result €16,936 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €104,104 ▲19.4%
Equity rises from €87,168 to €104,104.
19-10
State Gazette act
Board meeting · Power of attorney
Supersedes
18-10
State Gazette act
Board meeting · Power of attorney
Annulment
Show earlier events
18-10
State Gazette act
Board meeting · Power of attorney
Delegation replacement
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
29-08
State Gazette act
Board meeting · Power of attorney
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
28-07
State Gazette act
Board meeting · Power of attorney
28-07
State Gazette act
Board meeting · Power of attorney
Delegation supersession
06-01
State Gazette act
Board meeting · Power of attorney
05-01
State Gazette act
Board meeting · Power of attorney
05-01
State Gazette act
Board meeting · Power of attorney
2021
31-12
Financial
Back to profitnet €17,137
Net result €17,137 after 2 loss-making years.
31-12
Financial
Equity above €100,000Eq €108,058 ▲18.8%
Equity rises from €90,921 to €108,058.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
24-11
State Gazette act
Board meeting · Delegation annulment
Board resolution · Power of attorney
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
25-03
State Gazette act
Board meeting · Committee membership
Delegation replacement
2019
31-12
Financial
Weakest financial yearnet -€41,809
Net result drops to -€41,809, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Paliseul · 1 establishment unit since 1997
Ground area
7,070 m²
Building footprint
397 m²
Volume, LiDAR
2,367 m³
Parcel 84048A0054/00P000, Wallonia · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Besace, Our 14, 6852 Paliseul
since 19972.080.062.555
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84048A0054/00P000 | Wallonia | 7,070 m² | 1 · 397 m² | 9.4 m · 2 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500YNB81XMRA0SH25
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 12,651 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
Founded23-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
69109Other legal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459561551
Also
9925:BE0459561551
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.