TZM
ActiveTZM has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €853k and a net result of €234k. Equity is growing by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 31584 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81=
Solvency70▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.68 in 2024; short-term debt: 17.2% and cash: 11.4% of total assets), and 54.6% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
45.4%
Return on assets
12.5%
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 · 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
28 d late
2023
29 d late
2022
30 d late
2021
25 d late
2020
30 d late
2019
13 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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€853k▲ 16.1%
2024 · €734k
2018: €591k
2019: €632k
2020: €839k
2021: €630k
2022: €678k
2023: €580k
2024: €734k
2018 → 2025
Total assets
€1.88M▲ 20.1%
2024 · €1.56M
2018: €1.29M
2019: €1.27M
2020: €1.41M
2021: €1.63M
2022: €1.47M
2023: €1.20M
2024: €1.56M
2018 → 2025
Net result
€234k▲ 52.0%
2024 · €154k
2018: €35k
2019: €43k
2020: €250k
2021: €238k
2022: €49k
2023: €-64k
2024: €154k
2018 → 2025
Working capital
€-65k▲ 25.9%
2024 · €-88k
2018: €-109k
2019: €-107k
2020: €74k
2021: €-196k
2022: €-163k
2023: €-108k
2024: €-88k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€630k-€678k▲ 7.6%€580k▼ 14.5%€734k▲ 26.6%€853k▲ 16.1%
Operating result€341k-€85k▼ 75.0%€-18k€99k€103k▲ 3.8%
Net result€238k-€49k▼ 79.3%€-64k€154k€234k▲ 52.0%
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 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.88M
Fixed assets
€1.62M▲ 17.4%
Current assets
€258k▲ 41.1%
Equity and liabilities €1.88M
Equity
€853k▲ 16.1%
Provisions
€12k▼ 3.0%
Debt
€1.01M▲ 24.1%
The debt ratio rises from 52.3% to 54.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€167k▲
2024 · €142k
Cash flow
€298k▲
2024 · €197k
Solvency
45.4%▼
2024 · 46.9%
Current ratio
0.80▲
2024 · 0.68
Quick ratio
0.80▲
2024 · 0.68
Debt / equity
1.19▲
2024 · 1.11
ROE
27.5%▲
2024 · 21.0%
ROA
12.5%▲
2024 · 9.9%
Interest coverage
5.63▼
2024 · 6.50
Debt
€1.01M▲
2024 · €817k
Debt ≤ 1 year
€323k▲
2024 · €271k
Debt > 1 year
€691k▲
2024 · €541k
Income taxes
€51k▲
2024 · €35k
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€1.56M€1.88M▲
Fixed assets21/28€1.38M€1.62M▲
Tangible fixed assets22/27€781k€1.02M▲
Land and buildings22€629k€895k▲
Plant, machinery and equipment23€12k€12k▼
Furniture and vehicles24€31k€21k▼
Other tangible fixed assets26€110k€94k▼
Financial fixed assets28€600k€600k=
Current assets29/58€183k€258k▲
Amounts receivable within one year40/41€52k€42k▼
Trade receivables40€52k€22k▼
Other amounts receivable41€156€20k▲
Cash at bank and in hand54/58€128k€213k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.88M▲
Equity10/15€734k€853k▲
Contributions10/11€6k€6k=
Reserves13€728k€846k▲
Tax-exempt reserves132€202k€78k▼
Distributable reserves133€526k€768k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€12k€12k▼
Deferred taxes168€12k€12k▼
Amounts payable17/49€817k€1.01M▲
Amounts payable after more than one year17€541k€691k▲
Financial debts170/4€541k€691k▲
Amounts payable within one year42/48€271k€323k▲
Current portion of amounts payable after more than one year42€57k€71k▲
Financial debts43€790€180k▲
Credit institutions430/8-€180k
Other loans439€790€162▼
Trade debts44€59k€0▼
Suppliers440/4€59k€0▼
Taxes, remuneration and social security45€73k€72k▼
Taxes450/3€73k€72k▼
Other amounts payable47/48€81k€0▼
Accrued charges and deferred income492/3€6k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€64k▲
Other operating charges640/8€8k€19k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€150k€186k▲
Operating profit (loss)9901€99k€103k▲
Financial income75/76B€111k€211k▲
Recurring financial income75€111k€211k▲
Financial charges65/66B€22k€30k▲
Recurring financial charges65€22k€30k▲
Profit (loss) for the period before taxes9903€189k€285k▲
Transfer from deferred taxes780€243€377▲
Transfer to deferred taxes680€0-
Income taxes67/77€35k€51k▲
Profit (loss) for the period9904€154k€234k▲
Transfer from tax-exempt reserves789€119k€123k▲
Transfer to tax-exempt reserves689€42k€0▼
Profit (loss) for the period to be appropriated9905€231k€358k▲
Appropriation of the result
Profit (loss) to be appropriated9906€231k€358k▲
Transfer from equity791/2€0€116k▲
Transfer to equity691/2€231k€358k▲
To other reserves6921€231k€358k▲
Profit to be distributed694/7€0€116k▲
Return on contributions (dividend)694€0€116k▲
The notes to these accounts (15 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 · micro schema · 31 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €154k
Net result €154k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-64k ▼230%
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €250k ▲483%
Operating result €345k, net result €250k, both a record.
31-12
Financial
Liquidity times 6current ratio 1.61
Current ratio from 0.28 to 1.61; short-term debt falls from €148k to €120k.
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
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, Kluisbergen · 1 establishment unit since 2011
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.
Keuzelingsstraat 69690 KluisbergenGround area
716 m²
Building footprint
348 m²
Volume, LiDAR
1,063 m³
Parcel 45018B0389/00S000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TZM
since 20112.194.479.104
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45018B0389/00S000 | Flanders | 716 m² | 1 · 348 m² | 6.6 m · 1 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.
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LEVAMA
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G & A
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 29,575 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2010
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
46190Agents in non-specialised wholesale trade
46499Wholesale of other household goods
64210Activities of holding companies
70100Activities of head offices
82990Other business support services
85510Sports and recreation education
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.