TVL
ActiveSummary
The computed 12-month bankruptcy probability of TVL is 1.6% (moderate). The 2024 annual accounts show equity of €108k and a net result of €14k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 66% of 18936 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+1
Solvency73▲+8
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 1.85 in 2023; short-term debt: 11.5% and cash: 0.7% of total assets), but 52.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 · 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 2024Solvency, return and age of the figures
Solvency
47.7%
Return on assets
6.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
60 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
17 d late
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€108k▲ 14.9%
2023 · €94k
Total assets
€227k▼ 4.2%
2023 · €237k
Net result
€14k▲ 28.3%
2023 · €11k
Working capital
€29k▲ 1.8%
2023 · €29k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€19k▲ 146%€16k▼ 15.6%€24k▲ 47.8%€18k▼ 25.6%€21k▲ 18.9%
Net result€13k▲ 35.1%€9k▼ 30.2%€16k▲ 70.4%€11k▼ 30.0%€14k▲ 28.3%
Equity€58k▲ 29.0%€68k▲ 15.7%€83k▲ 23.1%€94k▲ 13.1%€108k▲ 14.9%
Total assets€218k▼ 2.5%€225k▲ 3.3%€230k▲ 2.1%€237k▲ 3.0%€227k▼ 4.2%
Debt€159k▼ 10.5%€157k▼ 1.2%€147k▼ 6.9%€143k▼ 2.7%€119k▼ 16.8%
Working capital€41k▲ 10.0%€32k▼ 23.0%€25k▼ 22.6%€29k▲ 16.8%€29k▲ 1.8%
Staff (FTE)0.4=0.8▲ 100%0.6▼ 25.0%3.8▲ 533%4▲ 5.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 19% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €227k
Fixed assets
€171k ▼ 1.5%
Current assets
€55k ▼ 11.6%
Equity and liabilities €227k
Equity
€108k ▲ 14.9%
Debt
€119k ▼ 16.8%
Debt's share of the balance-sheet total falls from 60.2% to 52.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€36k▼
2023 · €36k
Cash flow
€29k▼
2023 · €29k
Current ratio
2.12▲
2023 · 1.85
Quick ratio
1.97▲
2023 · 1.70
Debt to equity
1.10▼
2023 · 1.51
ROE
13.0%▲
2023 · 11.6%
ROA
6.2%▲
2023 · 4.6%
Interest coverage
10.88▼
2023 · 10.99
Debt ≤ 1 year
€26k▼
2023 · €34k
Debt > 1 year
€92k▼
2023 · €106k
Income taxes
€6k▲
2023 · €5k
Staff costs
€16k▲
2023 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €413 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €9k | €9k | €13k | €16k | ▲ 25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €11k | €18k | €18k | €15k | ▼ 19.8% |
| Other operating charges640/8 | - | €1k | €2k | €2k | €2k | ▼ 14.5% |
| Gross operating margin9900 | €35k | €38k | €53k | €51k | €54k | ▲ 5.2% |
| Operating profit (loss)9901 | €19k | €16k | €24k | €18k | €21k | ▲ 18.9% |
| Financial income75/76B | - | €1k | €934 | €1k | €2k | ▲ 37.8% |
| Recurring financial income75 | €4k | €1k | €933 | €1k | €2k | ▲ 37.8% |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | - | €5k | €4k | €3k | €3k | ▲ 0.3% |
| Recurring financial charges65 | €9k | €5k | €4k | €3k | €3k | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | €14k | €12k | €21k | €16k | €20k | ▲ 24.4% |
| Income taxes67/77 | €1k | €3k | €6k | €5k | €6k | ▲ 16.3% |
| Profit (loss) for the period9904 | €13k | €9k | €16k | €11k | €14k | ▲ 28.3% |
| Profit (loss) for the period to be appropriated9905 | €13k | €9k | €16k | €11k | €14k | ▲ 28.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €218k | €225k | €230k | €237k | €227k | ▼ 4.2% |
| Fixed assets21/28 | €156k | €173k | €180k | €174k | €171k | ▼ 1.5% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €156k | €173k | €180k | €174k | €171k | ▼ 1.5% |
| Land and buildings22 | - | €138k | €151k | €153k | €150k | ▼ 1.6% |
| Plant, machinery and equipment23 | - | €23k | €24k | €21k | €21k | ▼ 0.8% |
| Furniture and vehicles24 | - | €12k | €5k | - | €0 | - |
| Current assets29/58 | €62k | €52k | €49k | €63k | €55k | ▼ 11.6% |
| Stocks and contracts in progress3 | €4k | €6k | €7k | €5k | €4k | ▼ 23.9% |
| Stocks30/36 | - | €6k | €7k | €5k | €4k | ▼ 23.9% |
| Amounts receivable within one year40/41 | €47k | €22k | €32k | €38k | €50k | ▲ 29.9% |
| Trade receivables40 | - | - | €212 | €3k | - | - |
| Other amounts receivable41 | - | €22k | €32k | €35k | €50k | ▲ 41.7% |
| Cash at bank and in hand54/58 | €9k | €23k | €8k | €16k | €2k | ▼ 90.5% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €3k | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €218k | €225k | €230k | €237k | €227k | ▼ 4.2% |
| Equity10/15 | €58k | €68k | €83k | €94k | €108k | ▲ 14.9% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €52k | €61k | €77k | €88k | €102k | ▲ 16.0% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | €59k | €75k | €86k | €102k | ▲ 18.5% |
| Amounts payable17/49 | €159k | €157k | €147k | €143k | €119k | ▼ 16.8% |
| Amounts payable after more than one year17 | €135k | €134k | €119k | €106k | €92k | ▼ 12.5% |
| Financial debts170/4 | - | €134k | €119k | €106k | €92k | ▼ 12.5% |
| Amounts payable within one year42/48 | €20k | €20k | €25k | €34k | €26k | ▼ 22.9% |
| Current portion of amounts payable after more than one year42 | - | €13k | €13k | €14k | €14k | ▲ 0.1% |
| Trade debts44 | €5k | €2k | €6k | €12k | €4k | ▼ 66.8% |
| Suppliers440/4 | - | €2k | €6k | €12k | €4k | ▼ 66.8% |
| Advances received on contracts in progress46 | - | €100 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €5k | €5k | €8k | €8k | ▲ 5.8% |
| Taxes450/3 | - | €1k | €4k | €7k | €7k | ▲ 4.9% |
| Remuneration and social security454/9 | - | €3k | €731 | €920 | €1k | ▲ 12.8% |
| Accrued charges and deferred income492/3 | - | €3k | €3k | €3k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €9k | €16k | €11k | €14k | ▲ 28.3% |
| + Depreciation and write-downs630 | €8k | €11k | €18k | €18k | €15k | ▼ 19.8% |
| Operating cash flow (approximation) | €21k | €20k | €34k | €29k | €29k | ▼ 1.9% |
| Investment in fixed assets (approximation) | - | €-28k | €-26k | €-12k | €-12k | ▼ 1.3% |
| Change in cash | - | €13k | €-14k | €8k | €-15k | ▼ 288% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Equity above €100kEq €108k ▲14.9%
7 profitable years in a row build equity to €108k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2018net €16k ▲70.4%
Operating result €24k, net result €16k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €9k ▼30.2%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Boutersem · 1 establishment unit since 2010
Ground area
738 m²
Building footprint
110 m²
Volume, LiDAR
1,018 m³
Parcel 24093C0347/00A000, Flanders · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
frituur thierry
since 20102.195.452.864
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24093C0347/00A000 | Flanders | 738 m² | 1 · 110 m² | 15.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBoutersem2.195.452.864
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 7,709 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-10-2010
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.