TVV SOUND PROJECT
ActiveSummary
The annual accounts of TVV SOUND PROJECT for fiscal year 2025 show a net loss of 189% of the equity at the start of that year. The 2025 annual accounts show equity of €6k and a net result of €-321k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 12% of 8001 sector peers (fiscal year 2025). The company has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
35
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-51
Solvency25▼-12
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.6 against 0.99 in 2024; short-term debt: 72.9% and cash: 0.4% of total assets), and 99.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
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 2025Solvency, return and age of the figures
Solvency
0.4%
Return on assets
-23.6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 8001 sector peers (2025).
NBB · sector comparisonPosition among 8001 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-01-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
22 d early
2023
27 d early
2022
33 d early
2021
25 d early
2020
1 d late
2019
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.14M
EBIT margin
0.3%
Net result
€-321k
2024 · €26k
2019: €28k
2020: €-18k
2021: €8k
2022: €47k
2023: €7k
2024: €26k
2019 → 2025
Working capital
€-400k▼ 5,343%
2024 · €-7k
2019: €78k
2020: €35k
2021: €99k
2022: €-4k
2023: €-57k
2024: €-7k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€139k-€137k▼ 2.0%€144k▲ 5.1%€170k▲ 18.4%€6k▼ 96.6%
Operating result€33k-€85k▲ 156%€48k▼ 43.2%€87k▲ 80.4%€-268k
Net result€8k-€47k▲ 498%€7k▼ 85.3%€26k▲ 282%€-321k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €268k after €87k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€769k ▲ 22.3%
Current assets
€593k ▼ 27.6%
Equity and liabilities €1.36M
Equity
€6k ▼ 96.6%
Debt
€1.36M ▲ 6.1%
Debt's share of the balance-sheet total rises from 88.3% to 99.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-160k▼
2024 · €190k
Cash flow
€-213k▼
2024 · €130k
Current ratio
0.60▼
2024 · 0.99
Quick ratio
0.22▼
2024 · 0.41
ROA
-23.6%▼
2024 · 1.8%
Interest coverage
-2.93▼
2024 · 3.59
Debt ≤ 1 year
€993k▲
2024 · €827k
Debt > 1 year
€364k▼
2024 · €452k
Income taxes
€760▼
2024 · €7k
Staff costs
€212k▼
2024 · €268k
A ratio outside any meaningful range has been withheld (balance sheet total €1.36M, equity €6k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.45M€1.36M▼
Fixed assets21/28€629k€769k▲
Intangible fixed assets21€32k€65k▲
Tangible fixed assets22/27€594k€704k▲
Land and buildings22€397k€528k▲
Plant, machinery and equipment23€177k€164k▼
Furniture and vehicles24€15k€10k▼
Other tangible fixed assets26€5k€2k▼
Financial fixed assets28€2k€585▼
Current assets29/58€819k€593k▼
Stocks and contracts in progress3€478k€376k▼
Stocks30/36€478k€376k▼
Amounts receivable within one year40/41€210k€204k▼
Trade receivables40€194k€196k▲
Other amounts receivable41€17k€8k▼
Cash at bank and in hand54/58€131k€5k▼
Deferred charges and accrued income490/1-€8k
Equity and liabilities
Total equity and liabilities10/49€1.45M€1.36M▼
Equity10/15€170k€6k▼
Contributions10/11€14k€14k=
Revaluation surpluses12-€157k
Reserves13€156k-
Distributable reserves133€156k-
Profit (loss) carried forward14-€-165k
Amounts payable17/49€1.28M€1.36M▲
Amounts payable after more than one year17€452k€364k▼
Financial debts170/4€452k€364k▼
Amounts payable within one year42/48€827k€993k▲
Current portion of amounts payable after more than one year42€140k€133k▼
Financial debts43€255k€401k▲
Credit institutions430/8€255k€401k▲
Trade debts44€265k€365k▲
Suppliers440/4€265k€365k▲
Taxes, remuneration and social security45€166k€80k▼
Taxes450/3€125k€41k▼
Remuneration and social security454/9€42k€39k▼
Other amounts payable47/48-€14k
Income statement
Code20242025
Non-recurring operating income76A€10k-
Remuneration, social security and pensions62€268k€212k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€104k€108k▲
Other operating charges640/8€4k€7k▲
Gross operating margin9900€463k€59k▼
Operating profit (loss)9901€87k€-268k▼
Financial income75/76B€267€2k▲
Recurring financial income75€267€2k▲
Financial charges65/66B€53k€55k▲
Recurring financial charges65€53k€55k▲
Profit (loss) for the period before taxes9903€34k€-320k▼
Income taxes67/77€7k€760▼
Profit (loss) for the period9904€26k€-321k▼
Profit (loss) for the period to be appropriated9905€26k€-321k▼
Appropriation of the result
Profit (loss) to be appropriated9906€26k€-321k▼
Transfer from equity791/2-€156k
Transfer to equity691/2€26k-
To other reserves6921€26k-
Social balance
Average headcount (FTE)90873.22.6▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-321k ▼1312%
Net result drops to €-321k, the lowest in the series.
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Equity above €150kEq €170k ▲18.4%
4 profitable years in a row build equity to €170k.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
29-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Highest result since 2019net €47k ▲498%
Net result €47k, the highest in the series.
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
01-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 1 day late
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Nazareth-De Pinte · 1 establishment unit since 2001
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.
Steenweg 148C9810 Nazareth-De PinteGround area
376 m²
Building footprint
163 m²
Volume, LiDAR
1,062 m³
Parcel 44018A0559/00X003, Flanders · tallest building 18.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Steenweg 148C, 9810 Nazareth-De Pinte
since 20012.093.052.637
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0559/00X003 | Flanders | 376 m² | 1 · 163 m² | 18.6 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 26,333 EUR awarded · 26,333 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 8,500 EUR | 8,500 EUR |
| 2024 | 1 | 5,981 EUR | 5,981 EUR |
| 2023 | 2 | 4,852 EUR | 4,852 EUR |
| 2022 | 1 | 7,000 EUR | 7,000 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
699400W24JCGRYYOBV50
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Of 977 companies in sector 46431 we hold annual accounts for 705. 142 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-12-2000
Fiscal year end30-06
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46649Wholesale of other machinery and equipment
47540Retail sale of electrical household appliances
62100Computer programming
73110Advertising agencies
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.