TV Corporation
ActiveSummary
TV Corporation has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-44k) and a net result of €-17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 2043 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
40
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.08 against 0.13 in 2024; short-term debt: 975.7% and cash: 34.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five 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 85
Relative position
BE, all sectors
reference
Sector 85
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
-875.7%
Return on assets
-330.3%
Age of the figures
12 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
18192022232425
2018 to 2025 · latest year €-44k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
23 d late
2022
17 d early
2020
1 d early
2019
80 d early
2018
61 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-44k▼ 60.6%
2024 · €-27k
2018: €-7k
2019: €-6k
2020: €720
2022: €13k
2023: €6k
2024: €-27k
2018 → 2025
Total assets
€5k▼ 4.5%
2024 · €5k
2018: €10k
2019: €3k
2020: €6k
2022: €19k
2023: €9k
2024: €5k
2018 → 2025
Net result
€-17k▲ 50.1%
2024 · €-33k
2018: €24
2019: €1k
2020: €7k
2022: €12k
2023: €-8k
2024: €-33k
2018 → 2025
Working capital
€-45k▼ 60.3%
2024 · €-28k
2018: €-9k
2019: €-7k
2020: €-330
2022: €13k
2023: €6k
2024: €-28k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€720-€13k▲ 1,757%€6k▼ 56.5%€-27k€-44k▼ 60.6%
Operating result€7k-€12k▲ 81.2%€-7k€-33k▼ 347%€-16k▲ 52.4%
Net result€7k-€12k▲ 80.9%€-8k€-33k▼ 338%€-17k▲ 50.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €33k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5k
Fixed assets
€927 ▼ 22.3%
Current assets
€4k ▲ 0.7%
Key figures and ratios
EBITDA
€-15k▲
2024 · €-33k
Cash flow
€-16k▲
2024 · €-33k
Solvency
-875.7%▼
2024 · -520.8%
Current ratio
0.08▼
2024 · 0.13
Debt to equity
-1.11▲
2024 · -1.19
ROA
-330.3%▲
2024 · -631.9%
Interest coverage
-109.97▲
2024 · -155.51
Debt
€49k▲
2024 · €33k
Debt ≤ 1 year
€49k▲
2024 · €32k
Income taxes
€836
Staff costs
€0▼
2024 · €509
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 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5k€5k▼
Fixed assets21/28€1k€927▼
Tangible fixed assets22/27€1k€927▼
Plant, machinery and equipment23€1k€0▼
Furniture and vehicles24-€927
Current assets29/58€4k€4k▲
Amounts receivable within one year40/41€528€2k▲
Trade receivables40€0€2k▲
Other amounts receivable41€528€0▼
Cash at bank and in hand54/58€3€2k▲
Deferred charges and accrued income490/1€4k€0▼
Equity and liabilities
Total equity and liabilities10/49€5k€5k▼
Equity10/15€-27k€-44k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-46k€-62k▼
Amounts payable17/49€33k€49k▲
Amounts payable within one year42/48€32k€49k▲
Trade debts44€4k€1k▼
Suppliers440/4€4k€1k▼
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€0€2k▲
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€25k€45k▲
Accrued charges and deferred income492/3€578€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€509€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€137€266▲
Other operating charges640/8€3k€634▼
Gross operating margin9900€-29k€-15k▲
Operating profit (loss)9901€-33k€-16k▲
Financial income75/76B-€106
Recurring financial income75-€106
Financial charges65/66B€211€140▼
Recurring financial charges65€211€140▼
Profit (loss) for the period before taxes9903€-33k€-16k▲
Income taxes67/77-€836
Profit (loss) for the period9904€-33k€-17k▲
Profit (loss) for the period to be appropriated9905€-33k€-17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-46k€-62k▼
Profit (loss) brought forward from the previous period14P€-13k€-46k▼
The notes to these accounts (5 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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €12k ▲80.9%
Operating result €12k, net result €12k, both a record.
30-09
Financial
Liquidity quadruplescurrent ratio 3.45
Current ratio from 0.93 to 3.45.
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
08-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Oud-Turnhout · 1 establishment unit since 2012
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.
Witte Bremlaan 142360 Oud-TurnhoutGround area
2,288 m²
Building footprint
334 m²
Volume, LiDAR
1,848 m³
Parcel 13482F1107/00B000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TV Corporation
since 20122.206.399.810
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F1107/00B000 | Flanders | 2,288 m² | 1 · 334 m² | 8.2 m · 2 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.
Similar companies · same sector, comparable size
KD Aerospace
BE 0792.445.458
Namur · Eq €6k
Multipurpose Aviation Solutions
BE 0784.581.035
Maaseik · Eq €5k
In the air
BE 0671.834.173
Beveren-Kruibeke-Zwijndrecht · Eq €7k
EOLE AVIATION
BE 0885.759.161
Eghezée · Eq €8k
ALFAKO
BE 0891.927.767
Sint-Martens-Latem · Eq €4k
Of 293 companies in sector 85532 we hold annual accounts for 83. 42 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
Founded20-01-2012
Fiscal year end30-09
Activities, NACEBEL 2025
85532Education
32123Manufacture of jewellery
51100Air transport
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.