TVPIG
ActiveSummary
TVPIG has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €66,929 and a net result of €22,683. Equity is growing by ~53.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+4
Solvency60▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.91 against 2.43 in 2024; short-term debt: 19.3% and cash: 11.4% of total assets), but 64.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.5%
Return on assets
12%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
51 d early
2023
47 d early
2022
6 d early
2021
4 d early
2020
25 d early
2019
39 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 29 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€66,929▲ 51.3%
2024 · €44,246
Total assets
€188,533▲ 9.2%
2024 · €172,641
Net result
€22,683▲ 47.3%
2024 · €15,401
Working capital
€69,744▲ 43.6%
2024 · €48,567
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
Line20212022202320242025
Operating result€20,647▼ 34.3%€25,290▲ 22.5%€10,592▼ 58.1%€29,891▲ 182%€38,738▲ 29.6%
Net result€11,804▼ 53.2%€14,288▲ 21.0%€3,106▼ 78.3%€15,401▲ 396%€22,683▲ 47.3%
Equity€11,450€25,738▲ 125%€28,844▲ 12.1%€44,246▲ 53.4%€66,929▲ 51.3%
Total assets€164,639▼ 9.4%€177,322▲ 7.7%€174,507▼ 1.6%€172,641▼ 1.1%€188,533▲ 9.2%
Debt€153,188▼ 15.9%€151,583▼ 1.0%€145,663▼ 3.9%€128,396▼ 11.9%€121,604▼ 5.3%
Working capital€23,976▲ 109%€27,461▲ 14.5%€32,041▲ 16.7%€48,567▲ 51.6%€69,744▲ 43.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €188,533
Fixed assets
€82,314 ▼ 8.7%
Current assets
€106,219 ▲ 28.8%
Equity and liabilities €188,533
Equity
€66,929 ▲ 51.3%
Debt
€121,604 ▼ 5.3%
Debt's share of the balance-sheet total falls from 74.4% to 64.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€48,685▲
2024 · €44,453
Cash flow
€32,631▲
2024 · €29,963
Current ratio
2.91▲
2024 · 2.43
Debt to equity
1.82▼
2024 · 2.90
ROE
33.9%▼
2024 · 34.8%
ROA
12.0%▲
2024 · 8.9%
Interest coverage
12.35▲
2024 · 6.58
Debt ≤ 1 year
€36,474▲
2024 · €33,924
Debt > 1 year
€85,129▼
2024 · €94,471
Income taxes
€12,127▲
2024 · €7,731
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,073 | €9,798 | €10,063 | €14,562 | €9,947 | ▼ 31.7% |
| Other operating charges640/8 | - | €544 | €126 | €1,080 | €547 | ▼ 49.3% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €38,315 | €35,632 | €20,781 | €45,534 | €49,232 | ▲ 8.1% |
| Operating profit (loss)9901 | €20,647 | €25,290 | €10,592 | €29,891 | €38,738 | ▲ 29.6% |
| Financial income75/76B | - | €1,950 | €26 | €0 | €14 | ▲ 11,575% |
| Recurring financial income75 | €2,791 | €1,950 | €26 | €0 | €14 | ▲ 11,575% |
| Financial charges65/66B | - | €5,527 | €4,554 | €6,759 | €3,941 | ▼ 41.7% |
| Recurring financial charges65 | €5,373 | €5,527 | €4,554 | €6,759 | €3,941 | ▼ 41.7% |
| Profit (loss) for the period before taxes9903 | €18,066 | €21,713 | €6,064 | €23,132 | €34,811 | ▲ 50.5% |
| Income taxes67/77 | €6,262 | €7,425 | €2,958 | €7,731 | €12,127 | ▲ 56.9% |
| Profit (loss) for the period9904 | €11,804 | €14,288 | €3,106 | €15,401 | €22,683 | ▲ 47.3% |
| Profit (loss) for the period to be appropriated9905 | €11,804 | €14,288 | €3,106 | €15,401 | €22,683 | ▲ 47.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €164,639 | €177,322 | €174,507 | €172,641 | €188,533 | ▲ 9.2% |
| Fixed assets21/28 | €113,238 | €114,776 | €104,713 | €90,150 | €82,314 | ▼ 8.7% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €113,238 | €114,776 | €104,713 | €90,150 | €82,314 | ▼ 8.7% |
| Land and buildings22 | - | €114,094 | €104,485 | €90,150 | €80,594 | ▼ 10.6% |
| Plant, machinery and equipment23 | - | - | €228 | €0 | €1,720 | - |
| Furniture and vehicles24 | - | €682 | - | - | - | - |
| Current assets29/58 | €51,400 | €62,546 | €69,795 | €82,491 | €106,219 | ▲ 28.8% |
| Amounts receivable after more than one year29 | - | - | - | €47,500 | €47,500 | = |
| Other amounts receivable291 | - | - | - | €47,500 | €47,500 | = |
| Amounts receivable within one year40/41 | €30,208 | €31,933 | €51,848 | €17,990 | €27,298 | ▲ 51.7% |
| Other amounts receivable41 | - | €31,933 | €51,848 | €17,990 | €27,298 | ▲ 51.7% |
| Cash at bank and in hand54/58 | €10,769 | €18,969 | €9,801 | €7,770 | €21,429 | ▲ 176% |
| Deferred charges and accrued income490/1 | - | €11,644 | €8,145 | €9,231 | €9,991 | ▲ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €164,639 | €177,322 | €174,507 | €172,641 | €188,533 | ▲ 9.2% |
| Equity10/15 | €11,450 | €25,738 | €28,844 | €44,246 | €66,929 | ▲ 51.3% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €6,812 | €13,338 | €16,444 | €31,846 | €54,529 | ▲ 71.2% |
| Non-distributable reserves130/1 | - | €341 | €341 | €341 | €341 | = |
| Reserves not available under the articles1311 | - | €341 | €341 | €341 | €341 | = |
| Distributable reserves133 | - | €12,998 | €16,104 | €31,505 | €54,188 | ▲ 72.0% |
| Profit (loss) carried forward14 | -€7,762 | €0 | - | - | - | - |
| Amounts payable17/49 | €153,188 | €151,583 | €145,663 | €128,396 | €121,604 | ▼ 5.3% |
| Amounts payable after more than one year17 | €124,804 | €116,498 | €107,909 | €94,471 | €85,129 | ▼ 9.9% |
| Financial debts170/4 | - | €116,498 | €107,909 | €94,471 | €85,129 | ▼ 9.9% |
| Amounts payable within one year42/48 | €27,425 | €35,085 | €37,754 | €33,924 | €36,474 | ▲ 7.5% |
| Current portion of amounts payable after more than one year42 | - | €8,305 | €18,589 | €15,358 | €15,607 | ▲ 1.6% |
| Financial debts43 | - | €1,700 | - | - | - | - |
| Credit institutions430/8 | - | €1,700 | - | - | - | - |
| Trade debts44 | €558 | €788 | €898 | €0 | €174 | - |
| Suppliers440/4 | - | €788 | €898 | €0 | €174 | - |
| Taxes, remuneration and social security45 | - | €7,175 | €1,150 | €1,450 | €3,577 | ▲ 147% |
| Taxes450/3 | - | €6,175 | €150 | €450 | €2,577 | ▲ 473% |
| Remuneration and social security454/9 | - | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Other amounts payable47/48 | - | €17,116 | €17,116 | €17,116 | €17,116 | = |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,804 | €14,288 | €3,106 | €15,401 | €22,683 | ▲ 47.3% |
| + Depreciation and write-downs630 | €17,073 | €9,798 | €10,063 | €14,562 | €9,947 | ▼ 31.7% |
| Operating cash flow (approximation) | €28,877 | €24,086 | €13,169 | €29,963 | €32,631 | ▲ 8.9% |
| Investment in fixed assets (approximation) | - | -€11,335 | €0 | €0 | -€2,111 | - |
| Change in cash | - | €8,201 | -€9,169 | -€2,030 | €13,659 | ▲ 773% |
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
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
15-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €25,211
Net result €25,211 after one loss-making year.
30-06
Financial
Liquidity doublescurrent ratio 1.28
Current ratio from 0.62 to 1.28.
2019
23-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
18-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 18 days late
2018
15-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 15 days late
2017
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Bree · 1 establishment unit since 2012
Ground area
2,090 m²
Building footprint
206 m²
Volume, LiDAR
1,472 m³
Parcel 72004C0208/00X004, Flanders · tallest building 17.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TVPIG
since 20122.215.703.197
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004C0208/00X004 | Flanders | 2,090 m² | 1 · 206 m² | 17.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded27-11-2012
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0501735567
Also
9925:BE0501735567
Registered
19-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.