TSTM
TSTM 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 €10k and a net result of €120k. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 9% of 2328 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €10k |
| Net result | €120k |
| Better than sector | 9% |
| Active | 7 yrs |
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.1% | 61.4% | |
| Net result | €120k | €102k | |
| Equity | €10k | €5.06M | |
| Gross operating margin | €163k | €72k | |
| Total assets | €163k | €11.12M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | unclassified schema |
| Revenue | n/a | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a | n/a |
| Net profit | €120k | €127k | €84k | €52k | €92k |
| Cash flow | n/a | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - | - |
| Income taxes | €35k | €36k | €22k | €16k | €33k |
| Dividends | €270k | €127k | €84k | €29k | €800 |
| Total assets | €163k | €293k | €251k | €198k | €164k |
| Equity | €10k | €160k | €160k | €160k | €137k |
| Debt | €153k | €133k | €91k | €38k | €27k |
| of which ≤ 1y | €149k | €129k | €87k | €34k | €23k |
| of which > 1y | - | - | - | - | - |
| Working capital | n/a | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a | n/a |
| Solvency | 6.1% | 54.7% | 63.7% | 80.9% | 83.6% |
| Debt / equity | n/a | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a | n/a |
| ROA | 73.7% | 43.2% | 33.3% | 26.3% | 56.0% |
| ROE | 1200.7% | 79.0% | 52.3% | 32.5% | 67.0% |
| EBITDA margin | n/a | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a | n/a |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €163k | €293k | €251k | €198k | €164k |
| Fixed assets | 21/28 | €21k | €26k | €29k | €20k | €5k |
| Tangible fixed assets | 22/27 | €16k | €21k | €24k | €16k | €548 |
| Financial fixed assets | 28 | €5k | €5k | €5k | €5k | €5k |
| Current assets | 29/58 | €142k | €268k | €223k | €178k | €159k |
| Amounts receivable within one year | 40/41 | €6k | €4k | €2k | €2k | €11k |
| Investments | 50/53 | - | - | €100k | - | - |
| Cash & bank | 54/58 | €135k | €227k | €82k | €134k | €77k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €163k | €293k | €251k | €198k | €164k |
| Equity | 10/15 | €10k | €160k | €160k | €160k | €137k |
| Contributions / capital | 10/11 | €10k | €10k | €10k | €10k | - |
| Reserves | 13 | - | €150k | €150k | €150k | €126k |
| Accumulated profits (losses) | 14 | - | €429 | €117 | €305 | €965 |
| Amounts payable | 17/49 | €153k | €133k | €91k | €38k | €27k |
| Amounts payable within one year | 42/48 | €149k | €129k | €87k | €34k | €23k |
| Trade debts payable within one year | 44 | €2k | €2k | €2k | €3k | €1k |
| Income statement | ||||||
| Gross operating margin | 9900 | €163k | €165k | €107k | €69k | €114k |
| Operating result | 9901 | €158k | €159k | €103k | €67k | €111k |
| Financial income | 75 | €2k | €5k | €3k | €1k | €14k |
| Financial charges | 65 | €5k | €1k | €164 | €283 | €696 |
| Result before taxes | 9903 | €155k | €163k | €106k | €68k | €124k |
| Income taxes | 67/77 | €35k | €36k | €22k | €16k | €33k |
| Net result for the period | 9904 | €120k | €127k | €84k | €52k | €92k |
| Result to be appropriated | 9905 | €120k | €127k | €84k | €52k | €92k |
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 05-09-2019 |
| Status | Active |
| Postal code | 4700 |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
10-10-2022 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "EUPEN",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": null,
"act_kind_objet": "Verlegung des Gesellschaftssitzes"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2022-09-29",
"unanimous": true
},
"agm_change": null,
"detected_kind": "other_address_change",
"other_address": {
"action": "modified",
"purpose": "statutaire_zetel",
"address_new": "Friedrich-Hennes-Strasse 2 in 4700 EUPEN",
"address_old": "Pappelweg 13 -4700 EUPEN",
"effective_date": "2022-10-01",
"effective_date_is_approximate": false
},
"mandate_renewal": null,
"subject_company": {
"kbo": "0733.734.130",
"name_full": "TSTM Gmb\u041D",
"legal_form": "Gesellschaft mit beschr\u00E4nkter Haftung"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "STRANG Thomas",
"org_rep_person_name": null
},
"co_filed_documents": [
"Bericht der AGV vom 27/09/2022"
],
"fiscal_year_change": null,
"liquidation_closure": null,
"officer_designation": null,
"special_procuration": null,
"is_volet_a_only_stub": true,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}| Legal nameDE | TSTM |