TVM PROJECTS
InactiveOverview
Overview
Official details
Source: KBO- Status
- Inactive deed of incorporation of 31-12-2012 · last publication under the heading End on 19-04-2022
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
No score
Annual accounts 2021
- Gross margin
- €56,486
- ▼ 23.4%
- Turnover
- ≈ €160,000
- estimated
- Profit
- €1.3m
- ▲ 62×
- Equity
- €16.0m
- ▲ 8.8%
- Total assets
- €30.7m
- ▲ 4.9%
Financials
Financials · financial year 2021, abbreviated format
Annual accounts 2021 filed on 06-04-2022 PDF all 9 filings
Turnover
≈ €160,000
Estimated: probably between €97,000 and €300,000
Total assets
€30.7m▲ 4.9%
2020 · €29.3m
Net result
€1.3m▲ 62×
2020 · €21,016
Working capital
-€5.7m▼ 26.1%
2020 · -€4.5m
Multi-year overview
2018 to 2021, 4 financial yearsOperating result
€56,486
▼ 23.1%
2021
20182021
Net result
€1.3m
▲ 62×
2021
20182021
Equity
€16.0m
▲ 8.8%
2021
20182021
Total assets
€30.7m
▲ 4.9%
2021
20182021
Debt
€14.7m
▲ 1.0%
2021
20182021
Working capital
-€5.7m
▼ 26.1%
2021
20182021
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€0.1m-€0.1m▲ 23.6%€0.07m▼ 48.4%€0.06m▼ 23.1%
Net result€0.2m-€0.4m▲ 67.2%€0.02m▼ 94.6%€1.3m▲ 62×
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%
The operating result for 2021 is 23% lower than in 2020 and the lowest since 2018. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
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.
Investments
| Item | 2021 |
|---|---|
| Financial fixed assets | €18.7m |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0 | - |
| Gross operating margin9900 | €0.1m | €0.1m | €0.07m | €0.06m | ▼ 23.4% |
| Operating profit (loss)9901 | €0.1m | €0.1m | €0.07m | €0.06m | ▼ 23.1% |
| Financial income75/76B | - | - | - | €1.4m | - |
| Recurring financial income75 | €0.3m | €0.5m | €0.1m | €1.4m | ▲ 13× |
| Financial charges65/66B | - | - | - | €0.2m | - |
| Recurring financial charges65 | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 8.5% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.4m | €0.02m | €1.3m | ▲ 56× |
| Income taxes67/77 | - | €120 | €0.002m | €0.001m | ▼ 49.4% |
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.02m | €1.3m | ▲ 62× |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.4m | €0.02m | €1.3m | ▲ 62× |
| 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 | €0.1m | €0.004m | €0.07m | €0.2m | ▲ 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 | €0.2m | €0.5m | €0.5m | €0.5m | = |
| Non-distributable reserves130/1 | - | - | - | €0.5m | - |
| Legal reserve130 | - | - | - | €0.5m | - |
| Profit (loss) carried forward14 | - | - | €0.006m | €1.3m | ▲ 228× |
| 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 | - | - | €0.001m | €0.1m | ▲ 94× |
| Suppliers440/4 | - | - | - | €0.1m | - |
| Advances received on contracts in progress46 | - | - | - | €0 | - |
| Taxes, remuneration and social security45 | - | - | - | €0.001m | - |
| Taxes450/3 | - | - | - | €0.001m | - |
| Other amounts payable47/48 | - | - | - | €0 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.4m | €0.02m | €1.3m | ▲ 62× |
| Operating cash flow (approximation) | €0.2m | €0.4m | €0.02m | €1.3m | ▲ 62× |
| Investment in fixed assets (approximation) | - | €0 | -€1.5m | -€2.5m | ▼ 65.5% |
| Change in cash | - | -€0.1m | €0.06m | €0.1m | ▲ 49.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2021 | abbreviated format | 06-04-2022 | 2022-20001448 | |
| 31-12-2020 | abbreviated format | 08-09-2021 | 2021-66800432 | |
| 31-12-2019 | abbreviated format | 27-07-2020 | 2020-35300563 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-59000134 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-59000558 | |
| 31-12-2016 | abbreviated format | 14-07-2017 | 2017-31300024 | |
| 31-12-2015 | abbreviated format | 03-06-2016 | 2016-15500278 | |
| 31-12-2014 | abbreviated format | 14-07-2015 | 2015-31300524 | |
| 31-12-2013 | abbreviated format | 15-07-2014 | 2014-31000441 |
Board & ownership
Directors
Directors
2 directors
GT & Co BV
Current
Director · listed in the 2021 annual accounts, filed on 06-04-2022
JLD BV
Current
Director · listed in the 2021 annual accounts, filed on 06-04-2022
Owners and capital
Shareholders
Stated in the act
act of 19-04-2022 ↗
- enige aandeelhouder all shares
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GT & Co BV |
|
| JLD BV |
|
Articles of association
- Custody of recordsThe books and records are kept for at least five years after liquidation. The articles set where.
- “Boeken en bescheiden van de vennootschap, 1140 Evere, Optimismelaan 1 bus 3”
Articles of association, deed of 19-04-2022 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
- Sourceown accounts 2021Equity €81.5m Profit of €174,000 in 2025 (profit of €1.7m in 2024) Checked score 8725%
Connections & network
2 current directorsThe network starts from the directors of TVM PROJECTS. Every other company they run is a node.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2022
19-04
Gazette deed
Dissolution with immediate closure of the liquidationApproval · Auditor report · Liquidation distribution19 points ▸
Gazette deed
Dissolution with immediate closure of the liquidation
Approval · Auditor report · Liquidation distribution19 points ▸
- General meeting, “proces-verbaal, buitengewone algemene vergadering van de aandeelhouders” (deed in Dutch)
- Other provision, “voorafgaande verklaringen, vaststelling en verzoek aan notaris te akteren” (deed in Dutch)
- Other provision, “schulden staat van activa en passiva, consignatie nodige gelden” (deed in Dutch)
- Other provision, “vereffenaar en voorwaarden artikel 2:80 WVV, goedkeuring bij unanimiteit blijkt uit verloop stemming” (deed in Dutch)
- Approval, “neergelegd op bureau, verslag bestuursorgaan met aangehechte staat van activa en passiva” (deed in Dutch)
- Auditor report, “discontinuïteit, kennisname verslag” (deed in Dutch), mentioned 2 times in the deed
- Auditor report, “zonder voorbehoud”, EUR (deed in Dutch)
- Auditor report, “vennoten of aandeelhouders of derden zoals vermeld in staat van activa en passiva, artikel 2:80 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Auditor report, “artikel 2:80, eerste lid, 2° Wetboek van vennootschappen en verenigingen, terugbetaald of geconsigneerd” (deed in Dutch)
- Auditor report, “buitengewone algemene vergadering, laattijdige overhandiging stukken” (deed in Dutch)
- Other provision, “hangende geschillen, claims en rechten en verplichtingen buiten balans, bestuursorgaan” (deed in Dutch)
- Auditor report, 31-03-2022, “Gent” (deed in Dutch)
- The act holds 7 more points.
06-04
abbreviated format · 116 days before the deadline
2021
31-12
Financial
Highest result from 2018 to 2021net €1.3m ▲6,081%
The net result of €1.3m is the highest of those years.
08-09
abbreviated format · 39 days late
2020
31-12
Financial
Weakest financial yearnet €21,016 ▼94.6%
The net result drops to €21,016, the lowest from 2018 to 2021.
27-07
abbreviated format · 4 days before the deadline
2019
30-08
abbreviated format · 30 days late
2018
31-08
abbreviated format · 31 days late
2017
14-07
abbreviated format · 17 days before the deadline
2016
03-06
abbreviated format · 58 days before the deadline
2015
14-07
abbreviated format · 17 days before the deadline
2014
15-07
abbreviated format · 16 days before the deadline
2012
31-12
10 publications in the Belgian Official Gazette, the last on 19-04-2022
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
Inactive
TVM PROJECTS is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Optimismelaan 1, Bus 3, 1140 Evereas published on 19 April 2022
- Legal form
- Public limited company
- First annual accounts
- financial year 2013