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TP IMMO

Active
Private limited companyfounded 2024active for 2 yearsFanfarestraat 25, 2260 Westerlo, BelgiumKBO/BCE: BE 1012.960.409
Summary

TP IMMO has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,125) and a net result of -€15,125. Its solvency ranks better than 12% of 17,057 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203
1 site
Size
€44,898total assets 2025
Equity
-€5,125
Loss
-€15,125
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.2%
Structure
2025 accounts filed 3 days late
Why 53raises riskCapped at 59: negative equityNegative equity -€5,125Founded in 2024lowers riskSector: Real estate activities (NACE 68)Size: total assets €44,898Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 8% of its sector peers (NACE 68, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength
Weak
Solvency 14
equity -11.4% of total assets
Liquidity 5
short-term debt 111.4% · cash 3.7%
Profitability 0
return on assets -33.7%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,621 companies, NACE 68, micro)
Last 24 months 09-2025: 0.7%lowest value 10-2025: 0.7%● unchanged vs 09-2025lowest value 11-2025: 0.7%● unchanged vs 10-2025 12-2025: 0.7%● unchanged vs 11-2025 01-2026: 0.8%▲ +0.1 percentage points vs 12-2025 02-2026: 0.9%▲ +0.1 percentage points vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 1.0%▲ +0.1 percentage points vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 0.9%▼ -0.1 percentage points vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 1.1%▲ +0.2 percentage points vs 07-2026 09-2026: 1.2%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 1.2%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.03, below 1; short-term debt: 111.4% and cash: 3.7% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 13% on solvency, 8% on liquidity and 4% on profitability.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Negative equity -€5,125
NBB · annual accounts
lowers risk · Size: total assets €44,898
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
raises risk · 2025 accounts filed 3 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
3 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointments: VAN DEN WOUWER Mark…

Financials · financial year 2025, micro format

2025 annual accounts filed late (3 days) Filed on 3 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00374380.

Equity
-€5,125
Total assets
€44,898
Net result
-€15,125
Working capital
-€48,345

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €44,898
Fixed assets €43,220
Current assets €1,678
Equity and liabilities
Equity-€5,125
Debt€50,023
Equity is negative: debt (€50,023) exceeds the balance-sheet total (€44,898).
Key figures and ratios
2025 value
Solvency
-11.4%
Current ratio
0.03
ROA
-33.7%
Debt
€50,023
Debt ≤ 1 year
€50,023
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.8% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.8% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 1.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,639 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
Filed annual accounts As filed with the NBB · 2025 · 24 lines
Balance sheet Code2025
Assets
Total assets20/58€44,898
Fixed assets21/28€43,220
Tangible fixed assets22/27€43,220
Land and buildings22€43,220
Current assets29/58€1,678
Cash at bank and in hand54/58€1,678
Equity and liabilities
Total equity and liabilities10/49€44,898
Equity10/15-€5,125
Contributions10/11€10,000
Profit (loss) carried forward14-€15,125
Amounts payable17/49€50,023
Amounts payable within one year42/48€50,023
Trade debts44€23
Suppliers440/4€23
Other amounts payable47/48€50,000
Income statement Code2025
Other operating charges640/8€6,093
Gross operating margin9900-€9,019
Operating profit (loss)9901-€15,113
Financial charges65/66B€12
Recurring financial charges65€12
Profit (loss) for the period before taxes9903-€15,125
Profit (loss) for the period9904-€15,125
Profit (loss) for the period to be appropriated9905-€15,125
Appropriation of the result
Profit (loss) to be appropriated9906-€15,125

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Other operating charges640/8€6,093
Gross operating margin9900-€9,019
Operating profit (loss)9901-€15,113
Financial charges65/66B€12
Recurring financial charges65€12
Profit (loss) for the period before taxes9903-€15,125
Profit (loss) for the period9904-€15,125
Profit (loss) for the period to be appropriated9905-€15,125
Line2025
Assets
Total assets20/58€44,898
Fixed assets21/28€43,220
Tangible fixed assets22/27€43,220
Land and buildings22€43,220
Current assets29/58€1,678
Cash at bank and in hand54/58€1,678
Equity and liabilities
Total equity and liabilities10/49€44,898
Equity10/15-€5,125
Contributions10/11€10,000
Profit (loss) carried forward14-€15,125
Amounts payable17/49€50,023
Amounts payable within one year42/48€50,023
Trade debts44€23
Suppliers440/4€23
Other amounts payable47/48€50,000
Line2025
Profit (loss) for the period9904-€15,125
Operating cash flow (approximation)-€15,125

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 03-08-2026 2026-00374380

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 12,064 active companies whose main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203), figures are known for 6,192. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, no change since 2024
Mark Van den Wouwer
Director (not named in the articles) · since 02-09-2024
Current
VANDECRUYS Joost
Director (not named in the articles) · since 02-09-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2024, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Mark Van den Wouwer
  • Director (not named in the articles), from 02-09-2024 to date
VANDECRUYS Joost
  • Director (not named in the articles), from 02-09-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 02-09-2024 ↗
  • VAN DEN WOUWER Yannick 1,889 shares (18.9%) · €1,889 in cash
  • VAN DEN WOUWER Mark Agnes 2,856 shares (28.6%) · €2,856 in cash
  • VANDECRUYS Joost 4,755 shares (47.6%) · €4,755 in cash
  • BARBÉ Hanne 500 shares (5%) · €500 in cash

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 02-09-2024 Incorporation · €10,000 · 10,000 shares

Group and network

Connections & network

8 connected companies

History

On 29 August 2024, TP IMMO was incorporated as a private limited company by four natural persons, with a starting capital of €10,000.12 Of the 2 current board members, 2 have served since 2024.2 The company has filed annual accounts once, for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 02-09-2024
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
03-08
NBB filing Annual accounts filed
financial year 2025 · micro format · 3 days late
2024
02-09
Gazette deed Incorporation
Appointments: VAN DEN WOUWER Mark Agnes (director) and VANDECRUYS Joost (director) · Founder · Founding capital13 facts ▸
  • Incorporation, 28-08-2024
  • Founder, VAN DEN WOUWER Yannick
  • Founder, VAN DEN WOUWER Mark Agnes
  • Founder, VANDECRUYS Joost
  • Founder, BARBÉ Hanne
  • Founding capital, €10,000
  • Bank account, “Belfius Bank, deponering van het aanvangsvermogen” (deed in Dutch)
  • Registered office clause, “2260 Westerlo, Fanfarestraat 25” (deed in Dutch)
  • Board rule, 2
  • Director appointment, VAN DEN WOUWER Mark Agnes (director (not named in the articles))
  • Director appointment, VANDECRUYS Joost (director (not named in the articles))
  • Pre-incorporation commitments, “takeover, Alle verbintenissen en alle verplichtingen die eruit voortvloeien, en alle activiteiten ondernomen sinds 01-07-2024 door de comparanten in naam en vo…” (deed in Dutch)
  • +1 further fact in this act
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded29-08-2024
Financial year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
929 m²
Building footprint
223 m²
Building volume
3 m³
Parcel 13052A0201/02P002, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
TP IMMO
Fanfarestraat 25, 2260 WesterloRenting and operating of own or leased non-residential real estate, excluding land
since 2024unit no. 2.363.246.434
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
13052A0201/02P002 Flanders 929 m² 1 · 223 m² 0.2 m
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het beheer van onroerend vermogen, de aan- en verkoop, de verhuring, de verkaveling van alle onroerende goederen alsmede alle verrichtingen…” (deed in Dutch)
12 activities (deed in Dutch)
  1. Het beheer van onroerend vermogen, de aan- en verkoop, de verhuring, de verkaveling van alle onroerende goederen alsmede alle verrichtingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan
  2. Het beheren, uitbaten, valoriseren, huren en verhuren, verwerven of vervreemden van alle roerende en onroerende goederen, het verkavelen, ordenen, het doen bouwen of verbouwen van onroerende goederen, evenals alle roerende en onroerende handelingen in de meest ruime zin
  3. Het ontwikkelen van bouwprojecten
  4. Dienstprestaties, het opvolgen en coördineren van bouwwerkzaamheden
  5. Syndicus
  6. Veiligheidscoördinatie
  7. Uitbaten van immobiliënkantoor
  8. Het verlenen van management en adviezen van financiële, technische, commerciële of administratieve aard, rechtstreeks of onrechtstreeks, op het gebied van management en consultancy
  9. Het beheer en het management van andere vennootschappen waar zij al dan niet een deelneming in bezit en kan tevens de functie van bestuurder of vereffenaar uitoefenen
  10. Samenwerken met, deelnemen in, of op gelijk welke wijze, rechtstreeks of onrechtstreeks, belangen nemen in andere ondernemingen
  11. Borgstellen tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak
  12. Alle commerciële, industriële, financiële, roerende en onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of die van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
TP IMMO
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
One provision in the deed
Elected domicileThe address where directors or the company receive official documents.
“Voor de uitvoering van deze statuten, kiest elke in het buitenland wonende aandeelhouder, bestuurder, commissaris, vereffenaar of…” (deed in Dutch)

deed of 02-09-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
3 provisions in the deed
Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
One provision in the deed

deed of 02-09-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“10000, gelijk recht in de winstverdeling en in het vereffeningsaldo” (deed in Dutch)
1 more provision on this in the deed
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
5 provisions in the deed
Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
“De aanwending van de jaarlijkse nettowinst wordt bepaald door de algemene vergadering, op voorstel van het bestuursorgaan, waarbij elk…” (deed in Dutch)

deed of 02-09-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Tuesday of June at 16:00
Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
“E-mail, Iedere persoon kan verzaken aan de oproeping en zal in ieder geval als regelmatig opgeroepen worden beschouwd als hij aanwezig of…” (deed in Dutch)
Meeting accessWho may attend the meeting and what is needed to be admitted.
“Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…” (deed in Dutch)
Meeting procedureHow the meeting runs, from opening to minutes.
“Kopieën voor derden worden ondertekend door één of meer vertegenwoordigingsbevoegde leden van het bestuursorgaan, De notulen van de algemene…” (deed in Dutch)
Meeting agendaHow the agenda is set and who may add items to it.
“Behoudens in de gevallen voorzien door de wet of deze statuten, worden de besluiten genomen bij meerderheid van stemmen, ongeacht het aantal…” (deed in Dutch)
Proxy ruleWhether a shareholder may be represented at the meeting by someone else.
“Een aandeelhouder die niet aanwezig kan zijn, heeft tevens de mogelijkheid om zijn stem vooraf schriftelijk uit te brengen, Een verleende…” (deed in Dutch)
“Een schriftelijk uitgebrachte stem blijft geldig voor elke volgende algemene vergadering in de mate waarin daarop dezelfde agendapunten…” (deed in Dutch)
Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
“Elke aandeelhouder kan aan ieder andere persoon, al dan niet aandeelhouder, door alle middelen van overdracht, een schriftelijke volmacht…” (deed in Dutch)

deed of 02-09-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
“Één of meerdere, commissarissen” (deed in Dutch)
Dissolution ruleWhen and by whom the company can be dissolved.
“De vennootschap kan op elk moment worden ontbonden door beslissing van de algemene vergadering beslissende in de vormen vereist voor de…” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Bij ontbinding van de vennootschap, om welke reden en op welk ogenblik het ook zij, is/zijn de bestuurder(s) in functie aangewezen als…” (deed in Dutch)
JurisdictionWhich court has jurisdiction in a dispute about the company.
One provision in the deed

deed of 02-09-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Het bestuursorgaan stelt de eventuele toekenningen en verloning vast voor de gedelegeerden tot het dagelijks bestuur. Het kan hen op elk…” (deed in Dutch)
“Tenzij de algemene vergadering er anders over beslist, doet deze vergadering geen afbreuk aan de andere genomen besluiten, Elke gewone of…” (deed in Dutch)
Liquidation distribution: “Na aanzuivering van alle schulden, lasten en kosten van de vereffening of consignatie van de nodige sommen om die te voldoen en, indien er…” (deed in Dutch)
“Deze wordt geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten, De algemene vergadering beslist of…” (deed in Dutch)
9 more provisions in the deed, see the deed of 02-09-2024

deed of 02-09-2024