TVX
ActiveTVX has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.96M and a net result of €569k. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 41% of 1822 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
84
/ 100
Excellent▲ +21 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+10
Solvency55▲+9
Growth78=
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.97 in 2024), and 66.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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
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
33.4%
Return on assets
9.7%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
6 d late
2023
27 d late
2022
9 d late
2021
5 d late
2020
23 d early
2019
4 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€11.33M
EBIT margin
1.5%
Net result
€569k▲ 76.4%
2024 · €323k
2018: €224k
2019: €392k
2020: €382k
2021: €396k
2022: €214k
2023: €69k
2024: €323k
2018 → 2025
Working capital
€206k
2024 · €-65k
2018: €70k
2019: €-54k
2020: €19k
2021: €69k
2022: €-507k
2023: €-172k
2024: €-65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€11.33M
Equity€1.60M-€1.82M▲ 13.4%€1.89M▲ 3.8%€1.79M▼ 5.4%€1.96M▲ 9.9%
Operating result€544k-€291k▼ 46.5%€166k▼ 43.1%€485k▲ 193%€941k▲ 93.9%
Net result€396k-€214k▼ 45.9%€69k▼ 67.7%€323k▲ 365%€569k▲ 76.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 94% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.87M
Fixed assets
€3.50M▼ 5.6%
Current assets
€2.37M▲ 5.1%
Equity and liabilities €5.87M
Equity
€1.96M▲ 9.9%
Debt
€3.91M▼ 6.5%
The debt ratio falls from 70.1% to 66.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€2.21M▲
2024 · €1.55M
Cash flow
€1.84M▲
2024 · €1.38M
Solvency
33.4%▲
2024 · 29.9%
Current ratio
1.09▲
2024 · 0.97
Quick ratio
1.00▲
2024 · 0.96
Debt / equity
1.99▼
2024 · 2.34
ROE
29.0%▲
2024 · 18.1%
ROA
9.7%▲
2024 · 5.4%
Interest coverage
17.90▲
2024 · 17.73
Debt
€3.91M▼
2024 · €4.18M
Debt ≤ 1 year
€2.17M▼
2024 · €2.32M
Debt > 1 year
€1.74M▼
2024 · €1.86M
Income taxes
€255k▲
2024 · €93k
Staff costs
€4.28M▲
2024 · €4.09M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.97M€5.87M▼
Fixed assets21/28€3.71M€3.50M▼
Tangible fixed assets22/27€3.70M€3.49M▼
Land and buildings22€499k€460k▼
Plant, machinery and equipment23€148k€156k▲
Furniture and vehicles24€523k€424k▼
Leasing and similar rights25€2.53M€2.45M▼
Financial fixed assets28€10k€10k=
Current assets29/58€2.26M€2.37M▲
Amounts receivable after more than one year29€150k€0▼
Other amounts receivable291€150k€0▼
Stocks and contracts in progress3€26k€208k▲
Stocks30/36€26k€208k▲
Amounts receivable within one year40/41€1.90M€1.87M▼
Trade receivables40€1.44M€1.82M▲
Other amounts receivable41€457k€55k▼
Cash at bank and in hand54/58€124k€250k▲
Deferred charges and accrued income490/1€55k€41k▼
Equity and liabilities
Total equity and liabilities10/49€5.97M€5.87M▼
Equity10/15€1.79M€1.96M▲
Contributions10/11€6k€6k=
Reserves13€1.78M€1.96M▲
Distributable reserves133€1.78M€1.96M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€4.18M€3.91M▼
Amounts payable after more than one year17€1.86M€1.74M▼
Financial debts170/4€1.86M€1.74M▼
Amounts payable within one year42/48€2.32M€2.17M▼
Current portion of amounts payable after more than one year42€902k€966k▲
Financial debts43€171k€9k▼
Credit institutions430/8€171k€9k▼
Trade debts44€385k€720k▲
Suppliers440/4€385k€720k▲
Taxes, remuneration and social security45€439k€471k▲
Taxes450/3€4k€55k▲
Remuneration and social security454/9€435k€415k▼
Other amounts payable47/48€425k€0▼
Accrued charges and deferred income492/3€369€1k▲
Income statement
Code20242025
Non-recurring operating income76A€89k€236k▲
Remuneration, social security and pensions62€4.09M€4.28M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.06M€1.27M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€63k€0▼
Other operating charges640/8€902k€957k▲
Non-recurring operating charges66A€48k€153▼
Gross operating margin9900€6.65M€7.45M▲
Operating profit (loss)9901€485k€941k▲
Financial income75/76B€18k€7k▼
Recurring financial income75€18k€7k▼
Financial charges65/66B€87k€123k▲
Recurring financial charges65€87k€123k▲
Profit (loss) for the period before taxes9903€415k€825k▲
Income taxes67/77€93k€255k▲
Profit (loss) for the period9904€323k€569k▲
Profit (loss) for the period to be appropriated9905€323k€569k▲
Appropriation of the result
Profit (loss) to be appropriated9906€323k€569k▲
Transfer from equity791/2€425k€392k▼
Transfer to equity691/2€323k€569k▲
To other reserves6921€323k€569k▲
Profit to be distributed694/7€425k€392k▼
Return on contributions (dividend)694€425k€392k▼
Social balance
Average headcount (FTE)908745.744.9▼
The notes to these accounts (24 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €569k ▲76.4%
Operating result €941k, net result €569k, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 27 days late
2023
31-12
Financial
Weakest financial yearnet €69k ▼67.7%
Net result drops to €69k, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €1MEq €1.21M ▲46.3%
3 profitable years in a row build equity to €1.21M.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 4 days late
2019
31-12
Financial
Equity above €500kEq €826k ▲90.5%
2 profitable years in a row build equity to €826k.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
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.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
16-12-2025
Resigned as Director
Location & real-estate footprint
Registered office, Kortemark · 1 establishment unit since 2018
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.
Fabrieksweg 18610 KortemarkGround area
3,000 m²
Building footprint
1,005 m²
Volume, LiDAR
96 m³
Parcel 32011C0396/00R005, Flanders · tallest building 3.2 m. Linked by address, not a title deed.
1 establishment unit
Fabrieksweg 1 A, 8610 Kortemark
since 20182.282.796.713
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32011C0396/00R005 | Flanders | 3,000 m² | 1 · 1,005 m² | 3.2 m |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortemark2.282.796.713
Similar companies · same sector, comparable size
SCHEERS GROUP
BE 0849.289.141
Zemst · Eq €1.96M
NEDCARGO LOGISTICS BELGIUM
BE 0414.238.993
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TRANSPORT ROELAND LUC
BE 0462.827.184
Zottegem · Eq €1.96M
Trans JP Martens
BE 0464.434.515
Ternat · Eq €1.96M
TRANS-PETEREYNS
BE 0866.325.707
Merelbeke-Melle · Eq €1.97M
Of 12,446 companies in sector 49410 we hold annual accounts for 8,086. 3,029 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-11-2002
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
46711Wholesale of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.