TTNVH Management
ActiveSummary
TTNVH Management has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-61k) and a net result of €8k. Equity is shrinking by ~37.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 7750 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability63▲+55
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.29 against 0.28 in 2024; short-term debt: 152.5% and cash: 11.8% of total assets), and equity is negative.
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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-52.5%
Return on assets
7.2%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 7750 sector peers (2025).
NBB · sector comparisonPosition among 7750 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
51 d early
2023
30 d late
2022
8 d late
2021
31 d late
2020
57 d early
2019
32 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-61k▲ 12.1%
2024 · €-69k
2018: €-208
2019: €1k
2020: €1k
2021: €-20k
2022: €-39k
2023: €-49k
2024: €-69k
2018 → 2025
Total assets
€115k▼ 28.5%
2024 · €161k
2018: €86k
2019: €89k
2020: €73k
2021: €172k
2022: €160k
2023: €139k
2024: €161k
2018 → 2025
Net result
€8k
2024 · €-20k
2018: €-19k
2019: €1k
2020: €-106
2021: €-21k
2022: €-19k
2023: €-10k
2024: €-20k
2018 → 2025
Working capital
€-125k▲ 24.2%
2024 · €-165k
2018: €-13k
2019: €-9k
2020: €-5k
2021: €-118k
2022: €-129k
2023: €-132k
2024: €-165k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-20k-€-39k▼ 98.8%€-49k▼ 25.3%€-69k▼ 41.6%€-61k▲ 12.1%
Operating result€-19k-€-17k▲ 7.8%€-8k▲ 54.3%€-15k▼ 92.7%€14k
Net result€-21k-€-19k▲ 6.5%€-10k▲ 49.1%€-20k▼ 106%€8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €15k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €115k
Fixed assets
€64k ▼ 32.9%
Current assets
€51k ▼ 21.9%
Key figures and ratios
EBITDA
€25k▲
2024 · €3k
Cash flow
€19k▲
2024 · €-2k
Solvency
-52.5%▼
2024 · -42.7%
Current ratio
0.29▲
2024 · 0.28
Quick ratio
0.09▼
2024 · 0.09
Debt to equity
-2.90▲
2024 · -3.34
ROA
7.2%▲
2024 · -12.5%
Interest coverage
4.18▲
2024 · 0.62
Debt
€176k▼
2024 · €230k
Debt ≤ 1 year
€176k▼
2024 · €230k
Staff costs
€249k▲
2024 · €221k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€161k€115k▼
Fixed assets21/28€96k€64k▼
Intangible fixed assets21€25k€22k▼
Tangible fixed assets22/27€69k€42k▼
Plant, machinery and equipment23€1k€677▼
Furniture and vehicles24€2k€994▼
Other tangible fixed assets26€66k€41k▼
Financial fixed assets28€2k€0▼
Current assets29/58€65k€51k▼
Stocks and contracts in progress3€44k€35k▼
Stocks30/36€44k€35k▼
Amounts receivable within one year40/41€175€983▲
Trade receivables40-€970
Other amounts receivable41€175€13▼
Cash at bank and in hand54/58€15k€14k▼
Deferred charges and accrued income490/1€6k€1k▼
Equity and liabilities
Total equity and liabilities10/49€161k€115k▼
Equity10/15€-69k€-61k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-87k€-79k▲
Amounts payable17/49€230k€176k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€230k€176k▼
Current portion of amounts payable after more than one year42€10k€0▼
Financial debts43€4k€5k▲
Credit institutions430/8€4k€5k▲
Trade debts44€14k€11k▼
Suppliers440/4€14k€11k▼
Taxes, remuneration and social security45€48k€43k▼
Taxes450/3€9k€13k▲
Remuneration and social security454/9€38k€30k▼
Other amounts payable47/48€154k€117k▼
Accrued charges and deferred income492/3€11€0▼
Income statement
Code20242025
Non-recurring operating income76A-€10k
Remuneration, social security and pensions62€221k€249k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€11k▼
Other operating charges640/8€756€900▲
Gross operating margin9900€225k€276k▲
Operating profit (loss)9901€-15k€14k▲
Financial income75/76B€0€43▲
Recurring financial income75€0€43▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€-20k€8k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-20k€8k▲
Profit (loss) for the period to be appropriated9905€-20k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-87k€-79k▲
Profit (loss) brought forward from the previous period14P€-67k€-87k▼
The notes to these accounts (14 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €8k
Net result €8k after 5 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Malmedy · 2 establishment units since 2018
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 des Arsilliers 344960 MalmedyGround area
510 m²
Building footprint
387 m²
Volume, LiDAR
4,479 m³
2 parcels, Wallonia · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Place du Monument 2, 4900 Spa
since 20182.276.403.225
NEW LOOK HAIR ARTIST
since 20242.362.169.734
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63049D0209/00P002indicative | Wallonia | 322 m² | 1 · 273 m² | 16.0 m · 4 fl. |
| 63072G0432/00C002 | Wallonia | 189 m² | 1 · 114 m² | 12.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 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 24,500 companies in sector 82990 we hold annual accounts for 9,404. 1,096 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.