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TVM PROJECT

Active
Private limited companyfounded 20232 yrs activeBergensesteenweg 24, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 1001.026.736
Summary

The computed 12-month bankruptcy probability of TVM PROJECT is 2.3% (moderate). The 2024 annual accounts show equity of €39,829 and a net result of €36,829. Its solvency ranks better than 85% of 9975 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability100
Solvency100
Growth-
Track record67
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.38; short-term debt: 24.1% and cash: 27.9% of total assets), and 24.1% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
45 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 45 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 10 October 2023, TVM PROJECT was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€39,829
Total assets
€52,480
Net result
€36,829
Working capital
€17,436

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €52,480
Fixed assets €22,393
Current assets €30,087
Equity and liabilities €52,480
Equity €39,829
Debt €12,651
Debt finances 24.1% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€59,784
Cash flow
€47,328
Current ratio
2.38
Debt to equity
0.32
ROE
92.5%
ROA
70.2%
Interest coverage
383.45
Debt ≤ 1 year
€12,651
Income taxes
€12,305

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 · 37 lines
Balance sheet Code2024
Assets
Total assets20/58€52,480
Fixed assets21/28€22,393
Tangible fixed assets22/27€21,493
Plant, machinery and equipment23€655
Furniture and vehicles24€20,838
Financial fixed assets28€900
Current assets29/58€30,087
Amounts receivable within one year40/41€14,995
Trade receivables40€8,608
Other amounts receivable41€6,387
Cash at bank and in hand54/58€14,649
Deferred charges and accrued income490/1€443
Equity and liabilities
Total equity and liabilities10/49€52,480
Equity10/15€39,829
Contributions10/11€3,000
Outside capital11€3,000
Other1109/19€3,000
Profit (loss) carried forward14€36,829
Amounts payable17/49€12,651
Amounts payable within one year42/48€12,651
Trade debts44€346
Suppliers440/4€346
Taxes, remuneration and social security45€12,305
Taxes450/3€12,305
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,499
Other operating charges640/8€3,544
Gross operating margin9900€63,328
Operating profit (loss)9901€49,285
Financial income75/76B€5
Recurring financial income75€5
Financial charges65/66B€156
Recurring financial charges65€156
Profit (loss) for the period before taxes9903€49,134
Income taxes67/77€12,305
Profit (loss) for the period9904€36,829
Profit (loss) for the period to be appropriated9905€36,829
Appropriation of the result
Profit (loss) to be appropriated9906€36,829

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10,499
Other operating charges640/8€3,544
Gross operating margin9900€63,328
Operating profit (loss)9901€49,285
Financial income75/76B€5
Recurring financial income75€5
Financial charges65/66B€156
Recurring financial charges65€156
Profit (loss) for the period before taxes9903€49,134
Income taxes67/77€12,305
Profit (loss) for the period9904€36,829
Profit (loss) for the period to be appropriated9905€36,829
Line2024
Assets
Total assets20/58€52,480
Fixed assets21/28€22,393
Tangible fixed assets22/27€21,493
Plant, machinery and equipment23€655
Furniture and vehicles24€20,838
Financial fixed assets28€900
Current assets29/58€30,087
Amounts receivable within one year40/41€14,995
Trade receivables40€8,608
Other amounts receivable41€6,387
Cash at bank and in hand54/58€14,649
Deferred charges and accrued income490/1€443
Equity and liabilities
Total equity and liabilities10/49€52,480
Equity10/15€39,829
Contributions10/11€3,000
Outside capital11€3,000
Other1109/19€3,000
Profit (loss) carried forward14€36,829
Amounts payable17/49€12,651
Amounts payable within one year42/48€12,651
Trade debts44€346
Suppliers440/4€346
Taxes, remuneration and social security45€12,305
Taxes450/3€12,305
Line2024
Profit (loss) for the period9904€36,829
+ Depreciation and write-downs630€10,499
Operating cash flow (approximation)€47,328

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
16-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
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, Sint-Pieters-Leeuw · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
1.6 ha
Building footprint
398 m²
Volume, LiDAR
3,212 m³
2 parcels, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
515 companies at this address See who is registered here
1 establishment unit
TVM PROJECT
Poverstraat 12, 1785 MerchtemDemolition
since 20232.350.573.581
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23012F0057/00L000 Flanders 1.4 ha - -
23077A0118/00W082 Flanders 1,638 m² 1 · 398 m² 9.5 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

984500B3BE0E77368J34
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,865 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
Founded10-10-2023
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43110Demolition
43331Floor and wall tiling
43410Roofing work
43910Bricklaying and masonry work
81210General cleaning of buildings
Contact
E-mail viktor150587@icloud.com
E-invoicing
Reachable via Peppol
Peppol ID 0208:1001026736
Also 9925:BE1001026736

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.