TPMW

Active

Private limited companyfounded 20197 yrs activeRue de Charleroi(CO) 5, 6180 Courcelles, BelgiumKBO/BCE: BE 0729.979.735

The computed 12-month bankruptcy probability of TPMW is 4.0% (moderate). The 2024 annual accounts show equity of €128k and a net result of €49k. Equity is growing by ~29.1% per year across the filed fiscal years. Its solvency ranks better than 51% of 15870 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

94 / 100

Excellent= vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency84▲+5

Growth78=

Stability100

Bankruptcy probability, 12 months

4.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €12k at 30 days acceptable

Liquidity ample (current ratio 2.29 against 6.71 in 2023), but 59.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

34 d early

2023

6 d early

2022

6 d early

2021

16 d late

2020

3 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€49k▲ 175%

2023 · €18k

2020: €-1k 2021: €15k 2022: €16k 2023: €18k

2020 → 2024

Working capital

€169k▲ 2.5%

2023 · €165k

2020: €31k 2021: €22k 2022: €53k 2023: €165k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€29k-€44k▲ 51.4%€60k▲ 37.4%€78k▲ 29.8%€128k▲ 63.2%

Operating result€-919-€26k€35k▲ 32.9%€46k▲ 31.9%€85k▲ 83.3%

Net result€-1k-€15k€16k▲ 10.2%€18k▲ 9.4%€49k▲ 175%

Result per fiscal year

Operating resultNet result

The operating result has risen four years in a row; 2024 is 83% above 2023 and is the highest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €315k

95.5%

Fixed assets €14k▼ 34.2%

Current assets €301k▲ 54.9%

Equity and liabilities €315k

40.6%

59.4%

Equity €128k▲ 63.2%

Debt €187k▲ 36.1%

The debt ratio falls from 63.7% to 59.4%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€97k▲

2023 · €70k

Cash flow

€62k▲

2023 · €41k

Solvency

40.6%▲

2023 · 36.3%

Current ratio

2.29▼

2023 · 6.71

Quick ratio

1.56▼

2023 · 3.52

Debt / equity

1.46▼

2023 · 1.76

ROE

38.7%▲

2023 · 22.9%

ROA

15.7%▲

2023 · 8.3%

Interest coverage

6.00▲

2023 · 3.40

Debt

€187k▲

2023 · €137k

Debt ≤ 1 year

€131k▲

2023 · €29k

Income taxes

€19k▲

2023 · €8k

Staff costs

€137k▲

2023 · €91k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€216k€315k▲

Fixed assets21/28€22k€14k▼

Tangible fixed assets22/27€18k€11k▼

Plant, machinery and equipment23€8k€10k▲

Furniture and vehicles24€11k€1k▼

Financial fixed assets28€3k€3k=

Current assets29/58€194k€301k▲

Stocks and contracts in progress3€92k€96k▲

Stocks30/36€92k€96k▲

Amounts receivable within one year40/41-€29k

Trade receivables40-€29k

Cash at bank and in hand54/58€98k€172k▲

Deferred charges and accrued income490/1€3k€3k=

Equity and liabilities

Total equity and liabilities10/49€216k€315k▲

Equity10/15€78k€128k▲

Contributions10/11€30k€30k=

Capital10€30k-

Issued capital100€30k-

Outside capital11-€30k

Other1109/19-€30k

Reserves13€3k€3k=

Non-distributable reserves130/1€3k€3k=

Legal reserve130€3k-

Reserves not available under the articles1311-€3k

Profit (loss) carried forward14€45k€95k▲

Amounts payable17/49€137k€187k▲

Amounts payable within one year42/48€29k€131k▲

Trade debts44€4k€72k▲

Suppliers440/4€4k€72k▲

Taxes, remuneration and social security45€25k€59k▲

Taxes450/3€18k€47k▲

Remuneration and social security454/9€7k€12k▲

Accrued charges and deferred income492/3€109k€56k▼

Income statement Code20232024

Remuneration, social security and pensions62€91k€137k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€12k▼

Other operating charges640/8€831€3k▲

Gross operating margin9900€161k€237k▲

Operating profit (loss)9901€46k€85k▲

Financial income75/76B-€15

Recurring financial income75-€15

Financial charges65/66B€20k€16k▼

Recurring financial charges65€20k€16k▼

Profit (loss) for the period before taxes9903€26k€69k▲

Income taxes67/77€8k€19k▲

Profit (loss) for the period9904€18k€49k▲

Profit (loss) for the period to be appropriated9905€18k€49k▲

Appropriation of the result

Profit (loss) to be appropriated9906€45k€95k▲

Profit (loss) brought forward from the previous period14P€27k€45k▲

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

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Timeline · acts, filings and financial milestones

All 9Financial 4Filings 5

2025

27-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2020net €49k ▲175%

Operating result €85k, net result €49k, both a record.

31-12

Financial Equity above €100kEq €128k ▲63.2%

4 profitable years in a row build equity to €128k.

25-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity triplescurrent ratio 6.71

Current ratio from 1.94 to 6.71; short-term debt falls from €56k to €29k.

25-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

16-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 16 days late

2021

31-12

Financial Back to profitnet €15k

Net result €15k after one loss-making year.

03-08

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 3 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Courcelles · 6 establishment units since 2017

establishment All 6 establishment units on the map

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.

Rue de Charleroi(CO) 56180 Courcelles

Ground area

5,208 m²

Building footprint

1,947 m²

Volume, LiDAR

18,756 m³

6 parcels, Brussels, Wallonia · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.

6 establishment units

Magasin de Courcelles

Rue de Charleroi(CO) 5, 6180 CourcellesOther retail sale of new goods

since 20172.283.592.410

Magasin de Nivelles

Chaussée de Bruxelles 28, 1400 NivellesOther retail sale of new goods

since 20172.283.594.091

Magasin de Ottignies

Avenue Reine Astrid 11, 1340 Ottignies-Louvain-la-NeuveOther retail sale of new goods

since 20172.283.594.190

lpdt production

Chaussée de Bruxelles 165, 1410 WaterlooNon-specialised retail sale with food, beverages or tobacco predominating

since 20262.385.668.676

lpdt production

Lariksenstraat 67, 1050 ElseneNon-specialised retail sale with food, beverages or tobacco predominating

since 20262.385.668.577

Magasin de Chimay

Grand'Place(CH) 17, 6460 ChimayNon-specialised retail sale with food, beverages or tobacco predominating

since 20262.392.105.815

6 parcels

Wallonia 5 (83.3%) Brussels 1 (16.7%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
52322A0144/00S002	Wallonia	3,310 m²	1 · 668 m²	6.4 m · 2 fl.
25763L0424/00D000	Wallonia	1,273 m²	1 · 1,069 m²	13.0 m · 4 fl.
25083F0029/00D002	Wallonia	290 m²	1 · 66 m²	13.2 m · 4 fl.
25782C0049/00L005	Wallonia	216 m²	1 · 48 m²	13.0 m · 4 fl.
21447B0287/00A002	Brussels	70 m²	1 · 69 m²	17.6 m · 5 fl.
56016C0816/00B000	Wallonia	49 m²	1 · 26 m²	-