TVO CONSEIL
ActiveThe computed 12-month bankruptcy probability of TVO CONSEIL is 4.1% (elevated). The 2024 annual accounts show equity of €27k and a net result of €51k. Equity is growing by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 20% of 9982 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability98▲+1
Solvency37▼-63
Growth58▲+6
Track record94
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.1 against 5.21 in 2023; short-term debt: 87.8% and cash: 28% of total assets), and 87.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
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
12.2%
Return on assets
23.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 20%
← weakest
strongest →
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 27-06-2025, 34 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
56 d early
2022
41 d early
2021
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€27k▼ 80.1%
2023 · €136k
2021: €55k
2022: €99k
2023: €136k
2021 → 2024
Total assets
€222k▲ 32.9%
2023 · €167k
2021: €72k
2022: €118k
2023: €167k
2021 → 2024
Net result
€51k▲ 38.2%
2023 · €37k
2021: €50k
2022: €44k
2023: €37k
2021 → 2024
Working capital
€20k▼ 85.0%
2023 · €131k
2021: €55k
2022: €91k
2023: €131k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€55k-€99k▲ 79.4%€136k▲ 37.6%€27k▼ 80.1%
Operating result€63k-€55k▼ 12.1%€48k▼ 12.9%€62k▲ 29.3%
Net result€50k-€44k▼ 12.7%€37k▼ 15.0%€51k▲ 38.2%
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 29% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €222k
Fixed assets
€7k▲ 50.5%
Current assets
€214k▲ 32.4%
Equity and liabilities €222k
Equity
€27k▼ 80.1%
Debt
€195k▲ 526%
The debt ratio rises from 18.6% to 87.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€65k▲
2023 · €50k
Cash flow
€54k▲
2023 · €40k
Solvency
12.2%▼
2023 · 81.4%
Current ratio
1.10▼
2023 · 5.21
Quick ratio
1.10▼
2023 · 5.21
Debt / equity
7.23▲
2023 · 0.23
ROE
190.3%▲
2023 · 27.3%
ROA
23.1%▲
2023 · 22.2%
Interest coverage
352.62▲
2023 · 67.47
Debt
€195k▲
2023 · €31k
Debt ≤ 1 year
€195k▲
2023 · €31k
Income taxes
€14k▲
2023 · €10k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€167k€222k▲
Fixed assets21/28€5k€7k▲
Tangible fixed assets22/27€5k€2k▼
Furniture and vehicles24€5k€2k▼
Financial fixed assets28-€5k
Current assets29/58€162k€214k▲
Amounts receivable within one year40/41€25k€25k▲
Trade receivables40€24k€25k▲
Other amounts receivable41€603€603=
Current investments50/53-€127k
Cash at bank and in hand54/58€137k€62k▼
Equity and liabilities
Total equity and liabilities10/49€167k€222k▲
Equity10/15€136k€27k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€131k€22k▼
Amounts payable17/49€31k€195k▲
Amounts payable within one year42/48€31k€195k▲
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45€25k€30k▲
Taxes450/3€25k€30k▲
Other amounts payable47/48€5k€165k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€384€387▲
Gross operating margin9900€51k€65k▲
Operating profit (loss)9901€48k€62k▲
Financial income75/76B-€4k
Recurring financial income75-€4k
Financial charges65/66B€748€183▼
Recurring financial charges65€748€183▼
Profit (loss) for the period before taxes9903€47k€65k▲
Income taxes67/77€10k€14k▲
Profit (loss) for the period9904€37k€51k▲
Profit (loss) for the period to be appropriated9905€37k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€131k€182k▲
Profit (loss) brought forward from the previous period14P€94k€131k▲
Profit to be distributed694/7-€160k
Return on contributions (dividend)694-€160k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €51k ▲38.2%
Net result €51k, the highest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €37k ▼15%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100kEq €136k ▲37.6%
3 profitable years in a row build equity to €136k.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2021
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.
Zavelstraat 91000 BrusselGround area
220 m²
Building footprint
177 m²
Volume, LiDAR
2,870 m³
Parcel 21808H1536/00D000, Brussels · tallest building 20.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Zavelstraat 9, 1000 Brussel
since 20212.317.758.085
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1536/00D000 | Brussels | 220 m² | 1 · 177 m² | 20.4 m · 6 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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Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 12,228 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-05-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.