TVM PROJECTS
InactiveInactive; last annual accounts for fiscal year 2021.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 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 · 9 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 06-04-2022, 116 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
116 d early
2020
39 d late
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 27 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€16.0m▲ 8.8%
2020 · €14.7m
Total assets
€30.7m▲ 4.9%
2020 · €29.3m
Net result
€1.3m▲ 6,081%
2020 · €21,016
Working capital
-€5.7m▼ 26.1%
2020 · -€4.5m
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
Line2018201920202021
Operating result€115,122-€142,346▲ 23.6%€73,469▼ 48.4%€56,486▼ 23.1%
Net result€233,834-€390,921▲ 67.2%€21,016▼ 94.6%€1.3m▲ 6,081%
Equity€14.4m-€14.7m▲ 2.1%€14.7m=€16.0m▲ 8.8%
Total assets€28.4m-€27.7m▼ 2.4%€29.3m▲ 5.5%€30.7m▲ 4.9%
Debt€14.1m-€13.1m▼ 7.1%€14.6m▲ 11.6%€14.7m▲ 1.0%
Working capital-€3.3m--€3.0m▲ 9.0%-€4.5m▼ 49.1%-€5.7m▼ 26.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2021 is 23% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €30.7m
Fixed assets
€21.7m ▲ 12.9%
Current assets
€9.0m ▼ 10.4%
Equity and liabilities €30.7m
Equity
€16.0m ▲ 8.8%
Debt
€14.7m ▲ 1.0%
Debt's share of the balance-sheet total falls from 49.8% to 47.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.61▼
2020 · 0.69
Debt to equity
0.92
ROE
8.1%▲
2020 · 0.1%
ROA
4.2%▲
2020 · 0.1%
Debt ≤ 1 year
€14.7m▲
2020 · €14.6m
Income taxes
€1,108▼
2020 · €2,190
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0 | - |
| Gross operating margin9900 | €115,227 | €142,453 | €73,712 | €56,486 | ▼ 23.4% |
| Operating profit (loss)9901 | €115,122 | €142,346 | €73,469 | €56,486 | ▼ 23.1% |
| Financial income75/76B | - | - | - | €1.4m | - |
| Recurring financial income75 | €334,389 | €452,860 | €113,685 | €1.4m | ▲ 1,150% |
| Financial charges65/66B | - | - | - | €177,932 | - |
| Recurring financial charges65 | €215,676 | €204,165 | €163,948 | €177,932 | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €233,834 | €391,040 | €23,206 | €1.3m | ▲ 5,502% |
| Income taxes67/77 | - | €120 | €2,190 | €1,108 | ▼ 49.4% |
| Profit (loss) for the period9904 | €233,834 | €390,921 | €21,016 | €1.3m | ▲ 6,081% |
| Profit (loss) for the period to be appropriated9905 | €233,834 | €390,921 | €21,016 | €1.3m | ▲ 6,081% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €28.4m | €27.7m | €29.3m | €30.7m | ▲ 4.9% |
| Fixed assets21/28 | €17.7m | €17.7m | €19.2m | €21.7m | ▲ 12.9% |
| Financial fixed assets28 | €17.7m | €17.7m | €19.2m | €21.7m | ▲ 12.9% |
| Current assets29/58 | €10.7m | €10.0m | €10.0m | €9.0m | ▼ 10.4% |
| Amounts receivable within one year40/41 | €10.6m | €10.0m | €10.0m | €8.8m | ▼ 11.4% |
| Trade receivables40 | - | - | - | €0 | - |
| Other amounts receivable41 | - | - | - | €8.8m | - |
| Cash at bank and in hand54/58 | €125,032 | €4,364 | €68,140 | €163,480 | ▲ 140% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €28.4m | €27.7m | €29.3m | €30.7m | ▲ 4.9% |
| Equity10/15 | €14.4m | €14.7m | €14.7m | €16.0m | ▲ 8.8% |
| Contributions10/11 | €14.1m | €14.1m | €14.1m | €14.1m | = |
| Capital10 | - | - | - | €14.1m | - |
| Issued capital100 | - | - | - | €14.1m | - |
| Reserves13 | €246,794 | €547,715 | €548,016 | €548,016 | = |
| Non-distributable reserves130/1 | - | - | - | €548,016 | - |
| Legal reserve130 | - | - | - | €548,016 | - |
| Profit (loss) carried forward14 | - | - | €5,715 | €1.3m | ▲ 22,728% |
| Amounts payable17/49 | €14.1m | €13.1m | €14.6m | €14.7m | ▲ 1.0% |
| Amounts payable within one year42/48 | €14.1m | €13.1m | €14.6m | €14.7m | ▲ 1.0% |
| Financial debts43 | - | - | - | €14.6m | - |
| Credit institutions430/8 | - | - | - | €14.6m | - |
| Trade debts44 | - | - | €1,051 | €99,220 | ▲ 9,344% |
| Suppliers440/4 | - | - | - | €99,220 | - |
| Advances received on contracts in progress46 | - | - | - | €0 | - |
| Taxes, remuneration and social security45 | - | - | - | €1,108 | - |
| Taxes450/3 | - | - | - | €1,108 | - |
| Other amounts payable47/48 | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €233,834 | €390,921 | €21,016 | €1.3m | ▲ 6,081% |
| Operating cash flow (approximation) | €233,834 | €390,921 | €21,016 | €1.3m | ▲ 6,081% |
| Investment in fixed assets (approximation) | - | €0 | -€1.5m | -€2.5m | ▼ 65.5% |
| Change in cash | - | -€120,668 | €63,776 | €95,340 | ▲ 49.5% |
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
2022
06-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €1.3m ▲6,081%
Net result €1.3m, the highest in the series.
08-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 39 days late
2020
31-12
Financial
Weakest financial yearnet €21,016 ▼94.6%
Net result drops to €21,016, the lowest in the series.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
03-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
14-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
15-07
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 1
-
25%
According to the 2021 annual accounts of TVM PROJECTS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.