tp46
ActiveSummary
tp46 has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €454k and a net result of €119k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-1
Solvency38▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.2 in 2024; short-term debt: 58% and cash: 0% of total assets), and 87.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
12.9%
Return on assets
3.4%
Age of the figures
12 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 8692 sector peers (2025).
NBB · sector comparisonPosition among 8692 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 €454k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
2 d early
2021
3 d late
2020
25 d late
2019
44 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€454k▲ 35.3%
2024 · €336k
Total assets
€3.51M▼ 2.1%
2024 · €3.58M
Net result
€119k▼ 45.2%
2024 · €216k
Working capital
€-1.65M▲ 3.1%
2024 · €-1.71M
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
Line20212022202320242025
Operating result€40k€-175k€648k€344k▼ 46.8%€243k▼ 29.3%
Net result€-18k▲ 82.7%€-235k▼ 1,179%€255k€216k▼ 15.3%€119k▼ 45.2%
Equity€99k▼ 15.7%€-136k€119k€336k▲ 181%€454k▲ 35.3%
Total assets€3.53M▲ 45.4%€4.71M▲ 33.5%€4.27M▼ 9.2%€3.58M▼ 16.2%€3.51M▼ 2.1%
Debt€3.39M▲ 49.6%€4.81M▲ 41.9%€4.12M▼ 14.3%€3.25M▼ 21.2%€3.05M▼ 6.0%
Working capital€-1.51M▼ 60.4%€-3.06M▼ 103%€-1.06M▲ 65.3%€-1.71M▼ 60.8%€-1.65M▲ 3.1%
Staff (FTE)1=0.9▼ 10.0%0▼ 100%00
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 29% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.51M
Fixed assets
€3.13M ▼ 1.3%
Current assets
€383k ▼ 8.3%
Equity and liabilities €3.51M
Equity
€454k ▲ 35.3%
Debt
€3.05M ▼ 6.0%
Debt's share of the balance-sheet total falls from 90.6% to 87.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€292k▼
2024 · €362k
Cash flow
€167k▼
2024 · €234k
Current ratio
0.19▼
2024 · 0.20
Debt to equity
6.73▼
2024 · 9.68
ROE
26.1%▼
2024 · 64.5%
ROA
3.4%▼
2024 · 6.0%
Interest coverage
2.47▲
2024 · 2.27
Debt ≤ 1 year
€2.04M▼
2024 · €2.12M
Debt > 1 year
€1.01M▼
2024 · €1.12M
Income taxes
€7k▲
2024 · €879
Staff costs
€0▼
2024 · €74
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €146k | €1.17M | €451k | €25k | ▼ 94.5% |
| Remuneration, social security and pensions62 | €43k | €47k | €305 | €74 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79k | €211k | €63k | €17k | €49k | ▲ 181% |
| Other operating charges640/8 | €15k | €5k | €10k | €34k | €14k | ▼ 60.0% |
| Non-recurring operating charges66A | €0 | - | €97k | €0 | - | - |
| Gross operating margin9900 | €177k | €88k | €818k | €396k | €306k | ▼ 22.7% |
| Operating profit (loss)9901 | €40k | €-175k | €648k | €344k | €243k | ▼ 29.3% |
| Financial income75/76B | €80 | €702 | €494 | €0 | €434 | ▲ 361,483% |
| Recurring financial income75 | €80 | €702 | €494 | €0 | €434 | ▲ 361,483% |
| Financial charges65/66B | €44k | €63k | €171k | €159k | €118k | ▼ 25.8% |
| Recurring financial charges65 | €44k | €63k | €171k | €159k | €118k | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €-4k | €-237k | €477k | €185k | €126k | ▼ 32.1% |
| Transfer from deferred taxes780 | €4k | €3k | €3k | €32k | €0 | ▼ 100% |
| Income taxes67/77 | €19k | €2k | €225k | €879 | €7k | ▲ 698% |
| Profit (loss) for the period9904 | €-18k | €-235k | €255k | €216k | €119k | ▼ 45.2% |
| Transfer from tax-exempt reserves789 | €5k | €6k | €6k | €63k | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €-13k | €-229k | €262k | €279k | €119k | ▼ 57.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.53M | €4.71M | €4.27M | €3.58M | €3.51M | ▼ 2.1% |
| Fixed assets21/28 | €3.38M | €4.52M | €3.61M | €3.17M | €3.13M | ▼ 1.3% |
| Tangible fixed assets22/27 | €2.39M | €3.54M | €2.62M | €2.18M | €2.14M | ▼ 1.9% |
| Land and buildings22 | €1.58M | €2.73M | €1.74M | €1.58M | €1.57M | ▼ 0.9% |
| Plant, machinery and equipment23 | €2k | €1k | €4k | €7k | €6k | ▼ 20.7% |
| Furniture and vehicles24 | €549k | €541k | €566k | €595k | €569k | ▼ 4.4% |
| Other tangible fixed assets26 | €266k | €266k | €316k | €0 | - | - |
| Financial fixed assets28 | €984k | €984k | €984k | €984k | €984k | = |
| Current assets29/58 | €149k | €187k | €667k | €417k | €383k | ▼ 8.3% |
| Amounts receivable within one year40/41 | €116k | €142k | €570k | €404k | €356k | ▼ 11.9% |
| Trade receivables40 | €3k | €8k | €24k | €23k | €3k | ▼ 86.2% |
| Other amounts receivable41 | €113k | €134k | €546k | €382k | €353k | ▼ 7.5% |
| Cash at bank and in hand54/58 | €25k | €35k | €2k | €112 | €288 | ▲ 158% |
| Deferred charges and accrued income490/1 | €8k | €10k | €96k | €13k | €26k | ▲ 105% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.53M | €4.71M | €4.27M | €3.58M | €3.51M | ▼ 2.1% |
| Equity10/15 | €99k | €-136k | €119k | €336k | €454k | ▲ 35.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €177k | €171k | €165k | €329k | €448k | ▲ 36.2% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €75k | €69k | €63k | €0 | - | - |
| Distributable reserves133 | €100k | €100k | €102k | €329k | €448k | ▲ 36.2% |
| Profit (loss) carried forward14 | €-84k | €-313k | €-52k | €543 | €61 | ▼ 88.7% |
| Provisions and deferred taxes16 | €39k | €36k | €32k | €0 | - | - |
| Deferred taxes168 | €39k | €36k | €32k | €0 | - | - |
| Amounts payable17/49 | €3.39M | €4.81M | €4.12M | €3.25M | €3.05M | ▼ 6.0% |
| Amounts payable after more than one year17 | €1.73M | €1.55M | €2.39M | €1.12M | €1.01M | ▼ 9.4% |
| Financial debts170/4 | €1.73M | €1.55M | €2.39M | €1.12M | €1.01M | ▼ 9.4% |
| Amounts payable within one year42/48 | €1.66M | €3.25M | €1.73M | €2.12M | €2.04M | ▼ 4.2% |
| Current portion of amounts payable after more than one year42 | €216k | €1.49M | €1.06M | €873k | €864k | ▼ 1.0% |
| Financial debts43 | €88k | €13k | €0 | - | - | - |
| Credit institutions430/8 | €75k | €0 | - | - | - | - |
| Other loans439 | €13k | €13k | €0 | - | - | - |
| Trade debts44 | €10k | €23k | €126k | €66k | €31k | ▼ 52.7% |
| Suppliers440/4 | €10k | €23k | €126k | €66k | €31k | ▼ 52.7% |
| Taxes, remuneration and social security45 | €32k | €43k | €236k | €239k | €207k | ▼ 13.5% |
| Taxes450/3 | €23k | €39k | €236k | €236k | €207k | ▼ 12.5% |
| Remuneration and social security454/9 | €9k | €4k | €0 | €3k | €0 | ▼ 100% |
| Other amounts payable47/48 | €1.31M | €1.69M | €307k | €947k | €934k | ▼ 1.3% |
| Accrued charges and deferred income492/3 | - | €5k | €3k | €3k | €3k | ▼ 8.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-18k | €-235k | €255k | €216k | €119k | ▼ 45.2% |
| + Depreciation and write-downs630 | €79k | €211k | €63k | €17k | €49k | ▲ 181% |
| Operating cash flow (approximation) | €61k | €-25k | €319k | €234k | €167k | ▼ 28.4% |
| Investment in fixed assets (approximation) | - | €-1.35M | €850k | €423k | €-8k | ▼ 102% |
| Change in cash | - | €10k | €-33k | €-2k | €177 | ▲ 111% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Equity above €200kEq €336k ▲181%
2 profitable years in a row build equity to €336k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Back to profitnet €255k
Net result €255k after 4 loss-making years.
30-09
Financial
Equity above €100kEq €119k
Equity rises from €-136k to €119k.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €-235k
Net result drops to €-235k, the lowest in the series; recovery starts the following year.
03-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Wortegem-Petegem · 1 establishment unit since 2008
Ground area
1,831 m²
Building footprint
325 m²
Volume, LiDAR
2,227 m³
Parcel 45025C0636/00C000, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
tp46
since 20082.172.574.623
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45025C0636/00C000 | Flanders | 1,831 m² | 1 · 325 m² | 12.9 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 35,413 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
Founded04-06-2008
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.