TVL+
ActiveFor TVL+, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €163k and a net result of €-70k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 75% of 9007 sector peers (fiscal year 2023). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-76
Solvency89▼-10
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
64.2%
Return on assets
-27.6%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-10-2024, 76 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
76 d late
2022
57 d late
2021
415 d late
2020
248 d late
2019
241 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€163k▼ 30.1%
2022 · €233k
2018: €184k
2019: €185k
2020: €172k
2021: €215k
2022: €233k
2018 → 2023
Total assets
€253k▼ 19.1%
2022 · €313k
2018: €257k
2019: €276k
2020: €247k
2021: €343k
2022: €313k
2018 → 2023
Net result
€-70k
2022 · €17k
2018: €29k
2019: €1k
2020: €-13k
2021: €44k
2022: €17k
2018 → 2023
Working capital
€144k▼ 30.2%
2022 · €207k
2018: €129k
2019: €98k
2020: €110k
2021: €175k
2022: €207k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€185k-€172k▼ 7.3%€215k▲ 25.6%€233k▲ 7.9%€163k▼ 30.1%
Operating result€2k-€-13k€64k€23k▼ 64.5%€-50k
Net result€1k-€-13k€44k€17k▼ 61.2%€-70k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €50k after €23k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €253k
Fixed assets
€18k▼ 29.1%
Current assets
€235k▼ 18.2%
Equity and liabilities €253k
Equity
€163k▼ 30.1%
Debt
€91k▲ 12.6%
The debt ratio rises from 25.7% to 35.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-33k▼
2022 · €48k
Cash flow
€-53k▼
2022 · €42k
Solvency
64.2%▼
2022 · 74.3%
Current ratio
2.60▼
2022 · 3.58
Quick ratio
1.82▼
2022 · 2.73
Debt / equity
0.56▲
2022 · 0.35
ROE
-43.0%▼
2022 · 7.3%
ROA
-27.6%▼
2022 · 5.4%
Interest coverage
-249.39▼
2022 · 149.73
Debt
€91k▲
2022 · €81k
Debt ≤ 1 year
€90k▲
2022 · €80k
Income taxes
€20k▲
2022 · €6k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€313k€253k▼
Fixed assets21/28€26k€18k▼
Tangible fixed assets22/27€26k€18k▼
Plant, machinery and equipment23€23k€17k▼
Furniture and vehicles24€3k€2k▼
Current assets29/58€287k€235k▼
Stocks and contracts in progress3€68k€70k▲
Stocks30/36€68k€70k▲
Amounts receivable within one year40/41€142k€95k▼
Trade receivables40€132k€87k▼
Other amounts receivable41€10k€9k▼
Cash at bank and in hand54/58€76k€68k▼
Deferred charges and accrued income490/1€813€1k▲
Equity and liabilities
Total equity and liabilities10/49€313k€253k▼
Equity10/15€233k€163k▼
Contributions10/11€20k€20k=
Reserves13€213k€213k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€211k€211k=
Profit (loss) carried forward14-€-70k
Amounts payable17/49€81k€91k▲
Amounts payable within one year42/48€80k€90k▲
Trade debts44€20k€15k▼
Suppliers440/4€20k€15k▼
Taxes, remuneration and social security45€25k€45k▲
Taxes450/3€25k€45k▲
Other amounts payable47/48€35k€30k▼
Accrued charges and deferred income492/3€361€302▼
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€17k▼
Other operating charges640/8€10k€4k▼
Gross operating margin9900€57k€-28k▼
Operating profit (loss)9901€23k€-50k▼
Financial income75/76B€321€55▼
Recurring financial income75€321€55▼
Financial charges65/66B€318€132▼
Recurring financial charges65€318€132▼
Profit (loss) for the period before taxes9903€23k€-50k▼
Income taxes67/77€6k€20k▲
Profit (loss) for the period9904€17k€-70k▼
Profit (loss) for the period to be appropriated9905€17k€-70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€-70k▼
Transfer to equity691/2€17k€0▼
To other reserves6921€17k€0▼
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
2024
15-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 76 days late
2023
31-12
Financial
Weakest financial yearnet €-70k ▼511%
Net result drops to €-70k, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 415 days late
2022
05-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 248 days late
2021
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
31-12
Financial
Equity above €200kEq €215k ▲25.6%
Equity rises from €172k to €215k.
29-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 241 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 36 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Lo-Reninge · 1 establishment unit since 2009
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.
Halve Reningestraat(Ren) 28647 Lo-ReningeGround area
1.7 ha
Building footprint
242 m²
Volume, LiDAR
1,265 m³
Parcel 32021D1005/00K000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Halve Reningestraat(Ren) 2, 8647 Lo-Reninge
since 20092.184.225.412
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32021D1005/00K000 | Flanders | 1.7 ha | 1 · 242 m² | 8.4 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.
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DSG BOUW
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G.L. CONSTRUCTION
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ELEKTRO ED
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Of 29,801 companies in sector 41001 we hold annual accounts for 16,045. 12,497 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded09-12-2009
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.