TSM GROUP
ActiveTSM GROUP has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €98k and a net result of €19k. Equity is growing by ~78.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▼-12
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 3.4 against 2.04 in 2024; short-term debt: 23% and cash: 46.9% of total assets), and 23% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
77%
Return on assets
15%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-09-2026, 50 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
50 d late
2024
9 d early
2023
20 d early
2022
on the day
2021
55 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€98k▲ 24.2%
2024 · €79k
2021: €-2k
2022: €-3k
2023: €37k
2024: €79k
2021 → 2025
Total assets
€127k▲ 6.4%
2024 · €120k
2021: €11k
2022: €11k
2023: €66k
2024: €120k
2021 → 2025
Net result
€19k▼ 54.6%
2024 · €42k
2021: €-9k
2022: €-448
2023: €40k
2024: €42k
2021 → 2025
Working capital
€70k▲ 65.7%
2024 · €42k
2021: €-3k
2022: €-3k
2023: €33k
2024: €42k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€-3k▼ 18.0%€37k€79k▲ 114%€98k▲ 24.2%
Operating result€-9k-€-298▲ 96.9%€48k€58k▲ 21.8%€26k▼ 54.5%
Net result€-9k-€-448▲ 95.3%€40k€42k▲ 5.8%€19k▼ 54.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 55% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €127k
Fixed assets
€28k▼ 23.8%
Current assets
€99k▲ 19.7%
Equity and liabilities €127k
Equity
€98k▲ 24.2%
Debt
€29k▼ 28.2%
The debt ratio falls from 34.0% to 23.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▼
2024 · €64k
Cash flow
€29k▼
2024 · €48k
Solvency
77.0%▲
2024 · 66.0%
Current ratio
3.40▲
2024 · 2.04
Quick ratio
3.40▲
2024 · 2.04
Debt / equity
0.30▼
2024 · 0.52
ROE
19.5%▼
2024 · 53.3%
ROA
15.0%▼
2024 · 35.2%
Interest coverage
306.28▲
2024 · 177.09
Debt
€29k▼
2024 · €41k
Debt ≤ 1 year
€29k▼
2024 · €41k
Income taxes
€7k▼
2024 · €16k
Staff costs
€301
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€120k€127k▲
Fixed assets21/28€36k€28k▼
Tangible fixed assets22/27€33k€24k▼
Plant, machinery and equipment23€851€2k▲
Furniture and vehicles24€32k€22k▼
Financial fixed assets28€4k€4k=
Current assets29/58€83k€99k▲
Amounts receivable within one year40/41€32k€40k▲
Trade receivables40€32k€38k▲
Other amounts receivable41€46€1k▲
Cash at bank and in hand54/58€51k€60k▲
Equity and liabilities
Total equity and liabilities10/49€120k€127k▲
Equity10/15€79k€98k▲
Contributions10/11€7k€7k=
Reserves13€30k€45k▲
Distributable reserves133€30k€45k▲
Profit (loss) carried forward14€42k€46k▲
Amounts payable17/49€41k€29k▼
Amounts payable within one year42/48€41k€29k▼
Trade debts44€5k€5k▲
Suppliers440/4€5k€5k▲
Taxes, remuneration and social security45€22k€13k▼
Taxes450/3€21k€13k▼
Remuneration and social security454/9€691€199▼
Other amounts payable47/48€14k€11k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€301
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€10k▲
Other operating charges640/8€13k€12k▼
Gross operating margin9900€77k€49k▼
Operating profit (loss)9901€58k€26k▼
Financial charges65/66B€362€118▼
Recurring financial charges65€362€118▼
Profit (loss) for the period before taxes9903€58k€26k▼
Income taxes67/77€16k€7k▼
Profit (loss) for the period9904€42k€19k▼
Profit (loss) for the period to be appropriated9905€42k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€72k€61k▼
Profit (loss) brought forward from the previous period14P€30k€42k▲
Transfer to equity691/2€30k€15k▼
To other reserves6921€30k€15k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 50 days late
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €42k ▲5.8%
Operating result €58k, net result €42k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €40k
Net result €40k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.11
Current ratio from 0.78 to 2.11.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 55 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Linkebeek · 2 establishment units since 2020
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.
Alsembergsesteenweg 871630 LinkebeekGround area
4,415 m²
Building footprint
1,009 m²
Volume, LiDAR
8,320 m³
2 parcels, Brussels, Flanders · tallest building 14.7 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
TSM Consulting
since 20202.306.384.638
TSM Sandwicherie
since 20232.341.280.486
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22003A0087/00C000 | Flanders | 4,357 m² | 1 · 951 m² | 10.3 m · 3 fl. |
| 21812N0840/00B000 | Brussels | 58 m² | 1 · 58 m² | 14.7 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 15,574 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-07-2020
Fiscal year end31-12
Activities, NACEBEL
56111Full-service restaurants
62020IT consultancy
62200Computer consultancy and computer facilities management
56101Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
62010Computer programming, consultancy and related activities
62900Other information technology and computer services
62100Computer programming
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.