TVRN
ActiveSummary
TVRN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €150,504 and a net result of €65,126. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 46% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability96▲+5
Solvency75▼-25
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.45 against 10.72 in 2023; short-term debt: 48.5% and cash: 15.9% of total assets), and 49.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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 23-06-2025, 38 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
27 d early
2022
38 d early
2021
25 d early
2020
33 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€150,504▼ 57.0%
2023 · €350,377
Total assets
€299,927▼ 23.4%
2023 · €391,765
Net result
€65,126▼ 4.5%
2023 · €68,225
Working capital
€65,638▼ 79.5%
2023 · €319,454
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€113,081▲ 3.4%€86,560▼ 23.5%€89,346▲ 3.2%€92,662▲ 3.7%€93,604▲ 1.0%
Net result€92,451above the sector's middle half▲ 8.9%€68,255above the sector's middle half▼ 26.2%€66,119above the sector's middle half▼ 3.1%€68,225above the sector's middle half▲ 3.2%€65,126above the sector's middle half▼ 4.5%
Equity€189,778above the sector's middle half▲ 95.0%€258,033above the sector's middle half▲ 36.0%€324,152above the sector's middle half▲ 25.6%€350,377above the sector's middle half▲ 8.1%€150,504within the sector's middle half▼ 57.0%
Total assets€248,097within the sector's middle half▲ 53.2%€287,450within the sector's middle half▲ 15.9%€349,007above the sector's middle half▲ 21.4%€391,765above the sector's middle half▲ 12.3%€299,927within the sector's middle half▼ 23.4%
Debt€58,319▼ 9.7%€29,417▼ 49.6%€24,854▼ 15.5%€41,388▲ 66.5%€149,423▲ 261%
Working capital€162,328▲ 110%€229,675▲ 41.5%€296,481▲ 29.1%€319,454▲ 7.7%€65,638▼ 79.5%
Solvency76.5%above the sector's middle half▲ 16.4pp89.8%above the sector's middle half▲ 13.3pp92.9%above the sector's middle half▲ 3.1pp89.4%above the sector's middle half▼ 3.4pp50.2%within the sector's middle half▼ 39.3pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 1% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €299,927
Fixed assets
€88,751 ▲ 125%
Current assets
€211,176 ▼ 40.1%
Equity and liabilities €299,927
Equity
€150,504 ▼ 57.0%
Debt
€149,423 ▲ 261%
Debt's share of the balance-sheet total rises from 10.6% to 49.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€95,282▲
2023 · €94,689
Cash flow
€66,804▼
2023 · €70,252
Current ratio
1.45▼
2023 · 10.72
Debt to equity
0.99▲
2023 · 0.12
ROE
43.3%▲
2023 · 19.5%
ROA
21.7%▲
2023 · 17.4%
Interest coverage
12.03▼
2023 · 41.80
Debt ≤ 1 year
€145,538▲
2023 · €32,882
Debt > 1 year
€3,885▼
2023 · €8,506
Income taxes
€22,443▼
2023 · €22,564
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,470 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,064 | €5,187 | €5,649 | €2,027 | €1,678 | ▼ 17.2% |
| Other operating charges640/8 | - | €618 | €627 | €533 | €455 | ▼ 14.5% |
| Gross operating margin9900 | €118,413 | €92,365 | €95,622 | €95,222 | €95,738 | ▲ 0.5% |
| Operating profit (loss)9901 | €113,081 | €86,560 | €89,346 | €92,662 | €93,604 | ▲ 1.0% |
| Financial income75/76B | - | €290 | €389 | €392 | €1,885 | ▲ 381% |
| Recurring financial income75 | €3,724 | €290 | €389 | €392 | €1,885 | ▲ 381% |
| Financial charges65/66B | - | €402 | €366 | €2,265 | €7,920 | ▲ 250% |
| Recurring financial charges65 | €622 | €402 | €366 | €2,265 | €7,920 | ▲ 250% |
| Profit (loss) for the period before taxes9903 | €116,182 | €86,448 | €89,369 | €90,789 | €87,569 | ▼ 3.5% |
| Income taxes67/77 | €23,731 | €18,193 | €23,250 | €22,564 | €22,443 | ▼ 0.5% |
| Profit (loss) for the period9904 | €92,451 | €68,255 | €66,119 | €68,225 | €65,126 | ▼ 4.5% |
| Profit (loss) for the period to be appropriated9905 | €92,451 | €68,255 | €66,119 | €68,225 | €65,126 | ▼ 4.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €248,097 | €287,450 | €349,007 | €391,765 | €299,927 | ▼ 23.4% |
| Formation expenses20 | €558 | €354 | €150 | €0 | - | - |
| Fixed assets21/28 | €48,985 | €45,613 | €40,602 | €39,429 | €88,751 | ▲ 125% |
| Tangible fixed assets22/27 | €13,751 | €10,379 | €5,368 | €4,194 | €2,517 | ▼ 40.0% |
| Plant, machinery and equipment23 | - | €408 | €172 | €0 | - | - |
| Furniture and vehicles24 | - | €9,971 | €5,196 | €4,194 | €2,517 | ▼ 40.0% |
| Financial fixed assets28 | €35,234 | €35,234 | €35,234 | €35,234 | €86,234 | ▲ 145% |
| Current assets29/58 | €198,554 | €241,483 | €308,255 | €352,337 | €211,176 | ▼ 40.1% |
| Amounts receivable within one year40/41 | €105,071 | €57,829 | €63,929 | €69,333 | €62,863 | ▼ 9.3% |
| Trade receivables40 | - | €50,624 | €56,399 | €60,932 | €61,816 | ▲ 1.5% |
| Other amounts receivable41 | - | €7,206 | €7,530 | €8,401 | €1,047 | ▼ 87.5% |
| Current investments50/53 | - | - | - | - | €99,999 | - |
| Cash at bank and in hand54/58 | €93,247 | €183,450 | €244,030 | €279,998 | €47,637 | ▼ 83.0% |
| Deferred charges and accrued income490/1 | - | €204 | €295 | €3,006 | €677 | ▼ 77.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €248,097 | €287,450 | €349,007 | €391,765 | €299,927 | ▼ 23.4% |
| Equity10/15 | €189,778 | €258,033 | €324,152 | €350,377 | €150,504 | ▼ 57.0% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €175,518 | €243,773 | €309,892 | €336,117 | €136,244 | ▼ 59.5% |
| Amounts payable17/49 | €58,319 | €29,417 | €24,854 | €41,388 | €149,423 | ▲ 261% |
| Amounts payable after more than one year17 | €22,093 | €17,609 | €13,080 | €8,506 | €3,885 | ▼ 54.3% |
| Financial debts170/4 | - | €17,609 | €13,080 | €8,506 | €3,885 | ▼ 54.3% |
| Amounts payable within one year42/48 | €36,226 | €11,808 | €11,774 | €32,882 | €145,538 | ▲ 343% |
| Current portion of amounts payable after more than one year42 | - | €4,215 | €6,776 | €6,880 | €6,936 | ▲ 0.8% |
| Trade debts44 | €64 | €94 | €153 | €3,362 | €2,211 | ▼ 34.2% |
| Suppliers440/4 | - | €94 | €153 | €3,362 | €2,211 | ▼ 34.2% |
| Taxes, remuneration and social security45 | - | €7,231 | €4,778 | €12,390 | €5,225 | ▼ 57.8% |
| Taxes450/3 | - | €7,231 | €4,778 | €12,390 | €5,225 | ▼ 57.8% |
| Other amounts payable47/48 | - | €269 | €66 | €10,250 | €131,165 | ▲ 1,180% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €92,451 | €68,255 | €66,119 | €68,225 | €65,126 | ▼ 4.5% |
| + Depreciation and write-downs630 | €5,064 | €5,187 | €5,649 | €2,027 | €1,678 | ▼ 17.2% |
| Operating cash flow (approximation) | €97,515 | €73,442 | €71,768 | €70,252 | €66,804 | ▼ 4.9% |
| Investment in fixed assets (approximation) | - | -€1,815 | -€638 | -€853 | -€51,000 | ▼ 5,877% |
| Change in cash | - | €90,203 | €60,581 | €35,967 | -€232,361 | ▼ 746% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €65,126 ▼4.5%
Net result drops to €65,126, the lowest in the series.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity quadruplescurrent ratio 20.45
Current ratio from 5.48 to 20.45; short-term debt falls from €36,226 to €11,808.
31-12
Financial
Equity above €200,000Eq €258,033 ▲36%
3 profitable years in a row build equity to €258,033.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2019net €92,451 ▲8.9%
Operating result €113,081, net result €92,451, both a record.
31-12
Financial
Equity above €150,000Eq €189,778 ▲95%
2 profitable years in a row build equity to €189,778.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Opwijk · 1 establishment unit since 2018
Ground area
3,068 m²
Building footprint
281 m²
Volume, LiDAR
1,646 m³
2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TVRN
since 20182.281.108.220
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23752E0074/00E000 | Flanders | 2,884 m² | 1 · 175 m² | 6.7 m · 1 fl. |
| 23060B0411/00L000 | Flanders | 184 m² | 1 · 106 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
8945007EU6999HBPFT82
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,222 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0705879589
Also
9925:BE0705879589
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.