Active BE 0554.808.128Private limited company (pre-2019)Open bankruptcy

TVO Group

Drogenbroodstraat 65 ·9940 Evergem, Belgium· 12 yrs active

Sector: Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts (71121)

Conclusion Checked

A bankruptcy procedure is open for TVO Group according to publications in the Belgian State Gazette. The 2020 annual accounts show negative equity (€-8k) and a net result of €-31k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-8k
Net result	€-31k
Better than sector	5%
Active	12 yrs

Financial profile 5 of 5 axes measured · computed by Checked

26 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 0

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2020 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2020 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 04-03-2022 with the NBB · fiscal year 2020 · micro

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 71, Architecture & engineering · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-87.8%	44.5%	better than 5% of 421 sector peers
Net result	€-31k	€12k	better than 5% of 421 sector peers
Equity	€-8k	€55k	better than 9% of 421 sector peers
Gross operating margin	€-23k	€32k	better than 5% of 420 sector peers
Total assets	€9k	€145k	better than 5% of 421 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-24k

- 18-20

Net profit

€-31k

- 18-20

Cash flow

€-24k

- 18-20

Total assets

€9k

-84.5% 18-20

Equity

€-8k

- 18-20

Working capital

€-14k

- 18-20

Income taxes

€1k

-22.5% 18-20

Debt

€17k

-52.7% 18-20

Show 6 other metrics

Debt ≤ 1y

€17k

-51.8% 18-20

Current ratio

0.17

-88.1% 18-20

Quick ratio

0.17

-88.1% 18-20

Solvency

-87.8%

- 18-20

ROE

384.0%

+3723.1% 18-20

ROA

-337.3%

- 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	micro
Revenue	-
EBITDA	€-24k
Net profit	€-31k
Cash flow	€-24k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€9k
Equity	€-8k
Debt	€17k
of which ≤ 1y	€17k
of which > 1y	-
Working capital	€-14k
Employees (FTE)	-

Ratios (computed)

	2020
Current ratio	0.17
Quick ratio	0.17
Working capital ratio	-156.0%
Solvency	-87.8%
Debt / equity	-
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-337.3%
ROE	384.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €6k · 68.2% Current assets €3k · 31.8%

Full annual accounts (20 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€9k
Fixed assets	21/28	€6k
Tangible fixed assets	22/27	€3k
Financial fixed assets	28	€3k
Current assets	29/58	€3k
Amounts receivable within one year	40/41	€2k
Cash & bank	54/58	€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9k
Equity	10/15	€-8k
Contributions / capital	10/11	€19k
Reserves	13	€4k
Accumulated profits (losses)	14	€-31k
Amounts payable	17/49	€17k
Amounts payable within one year	42/48	€17k
Income statement
Gross operating margin	9900	€-23k
Operating result	9901	€-31k
Financial charges	65	€26
Result before taxes	9903	€-31k
Net result for the period	9904	€-31k
Result to be appropriated	9905	€-31k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	JAN DE POORTER LANGERBRUGGESTRAAT 70, 9940 EVERGEM	11-07-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts(71121)
Legal form	Private limited company (pre-2019)(015)
Incorporation	25-06-2014
Status	Active
Postal code	9940
First BS signal	19-07-2023
Latest BS signal	19-07-2023

Establishment units 1 location

Thomas Verhulst Opmetingen

Johan Daisnestraat 10, 9000 GentActiviteiten van landmeters-schatters van onroerende goederen

since 20142.235.271.958

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44019B0854/00G000	Flanders	636 m²	1 · 146 m²	5.5 m · 1 fl.
44815F2123/00A002	Flanders	39 m²	1 · 39 m²	14.9 m · 4 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

19-07-2023

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · TVO GROUP BV DROGEN- BROODSTRAAT 65/15, 9940 EVERGEM · event 11-07-2023

2022

04-03-2022