TUMAG
ActiveTUMAG has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €743k and a net result of €-277k. Equity is shrinking by ~15% per year across the filed fiscal years. Its solvency ranks better than 20% of 1027 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
49
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▲+9
Solvency46▼-8
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.74 against 1.04 in 2024; short-term debt: 41.9% and cash: 1.4% of total assets), and 79.2% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-277k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1027 sector peers (2025).
NBB · sector comparisonPosition among 1027 sector peers
Solvency
better than 20%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
2 d early
2023
49 d early
2022
70 d late
2021
32 d early
2020
9 d late
2019
36 d early
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€743k▼ 27.2%
2024 · €1.02M
2018: €2.21M
2019: €2.29M
2020: €1.51M
2021: €1.57M
2022: €1.27M
2023: €1.27M
2024: €1.02M
2018 → 2025
Total assets
€3.58M▲ 2.0%
2024 · €3.51M
2018: €4.04M
2019: €4.26M
2020: €3.42M
2021: €3.78M
2022: €3.77M
2023: €3.52M
2024: €3.51M
2018 → 2025
Net result
€-277k▼ 9.8%
2024 · €-252k
2018: €153k
2019: €230k
2020: €-59k
2021: €61k
2022: €-300k
2023: €1k
2024: €-252k
2018 → 2025
Working capital
€-382k
2024 · €57k
2018: €1.45M
2019: €1.38M
2020: €1.04M
2021: €671k
2022: €219k
2023: €301k
2024: €57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.57M-€1.27M▼ 19.1%€1.27M▲ 0.1%€1.02M▼ 19.8%€743k▼ 27.2%
Operating result€79k-€-282k€27k€-148k€-235k▼ 58.5%
Net result€61k-€-300k€1k€-252k€-277k▼ 9.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €235k in 2025 against €148k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.58M
Fixed assets
€2.46M▲ 29.3%
Current assets
€1.11M▼ 30.4%
Equity and liabilities €3.58M
Equity
€743k▼ 27.2%
Debt
€2.83M▲ 14.0%
The debt ratio rises from 70.9% to 79.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€114k▼
2024 · €160k
Cash flow
€72k▲
2024 · €56k
Solvency
20.8%▼
2024 · 29.1%
Current ratio
0.74▼
2024 · 1.04
Quick ratio
0.49▼
2024 · 0.78
Debt / equity
3.81▲
2024 · 2.44
ROE
-37.3%▼
2024 · -24.7%
ROA
-7.7%▼
2024 · -7.2%
Interest coverage
2.59▲
2024 · 1.45
Debt
€2.83M▲
2024 · €2.48M
Debt ≤ 1 year
€1.50M▼
2024 · €1.54M
Debt > 1 year
€1.34M▲
2024 · €941k
Income taxes
€888▲
2024 · €800
Staff costs
€2.31M▲
2024 · €2.06M
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€3.51M€3.58M▲
Fixed assets21/28€1.90M€2.46M▲
Tangible fixed assets22/27€1.90M€2.46M▲
Plant, machinery and equipment23€134k€159k▲
Furniture and vehicles24€106k€79k▼
Leasing and similar rights25€437k€1.10M▲
Other tangible fixed assets26€1.23M€1.12M▼
Financial fixed assets28€140€140=
Current assets29/58€1.60M€1.11M▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€403k€381k▼
Stocks30/36€403k€381k▼
Amounts receivable within one year40/41€958k€679k▼
Trade receivables40€949k€604k▼
Other amounts receivable41€9k€75k▲
Cash at bank and in hand54/58€240k€52k▼
Deferred charges and accrued income490/1€870€3k▲
Equity and liabilities
Total equity and liabilities10/49€3.51M€3.58M▲
Equity10/15€1.02M€743k▼
Contributions10/11€120k€120k=
Reserves13€901k€624k▼
Non-distributable reserves130/1€300k€300k=
Reserves not available under the articles1311€300k€300k=
Distributable reserves133€601k€324k▼
Amounts payable17/49€2.48M€2.83M▲
Amounts payable after more than one year17€941k€1.34M▲
Financial debts170/4€941k€1.34M▲
Amounts payable within one year42/48€1.54M€1.50M▼
Current portion of amounts payable after more than one year42€574k€762k▲
Trade debts44€221k€270k▲
Suppliers440/4€221k€270k▲
Advances received on contracts in progress46€133k€98k▼
Taxes, remuneration and social security45€278k€367k▲
Taxes450/3€16k€69k▲
Remuneration and social security454/9€262k€298k▲
Other amounts payable47/48€337k€379▼
Income statement
Code20242025
Remuneration, social security and pensions62€2.06M€2.31M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€309k€349k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€28k
Other operating charges640/8€5k€11k▲
Gross operating margin9900€2.22M€2.47M▲
Operating profit (loss)9901€-148k€-235k▼
Financial income75/76B€7k€3k▼
Recurring financial income75€7k€3k▼
Financial charges65/66B€111k€44k▼
Recurring financial charges65€111k€44k▼
Profit (loss) for the period before taxes9903€-252k€-276k▼
Income taxes67/77€800€888▲
Profit (loss) for the period9904€-252k€-277k▼
Profit (loss) for the period to be appropriated9905€-252k€-277k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-252k€-277k▼
Transfer from equity791/2€252k€277k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Social balance
Average headcount (FTE)908726.627.9▲
The notes to these accounts (24 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
03-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 70 days late
2022
31-12
Financial
Weakest financial yearnet €-300k ▼593%
Net result drops to €-300k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €61k
Net result €61k after one loss-making year.
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 9 days late
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €230k ▲50.5%
Operating result €236k, net result €230k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
07-07
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.
Directors · office · real estate
Directors
7 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, Turnhout · 1 establishment unit since 1976
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.
Bremheidelaan 22300 TurnhoutGround area
7,605 m²
Building footprint
1,522 m²
Volume, LiDAR
7,091 m³
Parcel 13452M0712/00D002, Flanders · tallest building 7.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TUMAG
since 19762.013.749.989
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13452M0712/00D002 | Flanders | 7,605 m² | 1 · 1,522 m² | 7.4 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 23,210 EUR awarded · 20,886 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,571 EUR | 5,247 EUR |
| 2024 | 1 | 4,824 EUR | 4,824 EUR |
| 2023 | 2 | 3,596 EUR | 6,617 EUR |
| 2022 | 2 | 7,219 EUR | 4,198 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 108 companies in sector 25639 we hold annual accounts for 81. 61 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-11-1976
Fiscal year end31-12
Activities, NACEBEL
25639Manufacture of fabricated metal products, except machinery and equipment
28620
25999Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.