TCM BELGIUM
ActiveTCM BELGIUM has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €492k and a net result of €825k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 32% of 922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent▲ +15 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency61▲+31
Growth78=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.08 in 2024), but 74.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
25.7%
Return on assets
43%
Age of the figures
8 mo
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
9 d early
2023
26 d early
2022
30 d late
2021
38 d early
2020
73 d early
2019
on the day
← 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, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€825k▲ 11.1%
2024 · €742k
2018: €-12k
2019: €-4k
2020: €6k
2021: €494
2022: €117k
2023: €420k
2024: €742k
2018 → 2025
Working capital
€774k▲ 1,202%
2024 · €59k
2018: €83k
2019: €100k
2020: €139k
2021: €146k
2022: €162k
2023: €498k
2024: €59k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€185k-€195k▲ 5.6%€205k▲ 5.1%€218k▲ 6.0%€492k▲ 126%
Operating result€35k-€173k▲ 395%€585k▲ 239%€999k▲ 70.7%€1.12M▲ 12.2%
Net result€494-€117k▲ 23,647%€420k▲ 258%€742k▲ 76.8%€825k▲ 11.1%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 12% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.92M
Fixed assets
€385k▲ 75.4%
Current assets
€1.53M▲ 89.1%
Equity and liabilities €1.92M
Equity
€492k▲ 126%
Debt
€1.43M▲ 75.5%
The debt ratio falls from 78.9% to 74.3%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.26M▲
2024 · €1.08M
Cash flow
€964k▲
2024 · €823k
Solvency
25.7%▲
2024 · 21.1%
Current ratio
2.02▲
2024 · 1.08
Quick ratio
2.02▲
2024 · 1.08
Debt / equity
2.90▼
2024 · 3.73
ROE
167.5%▼
2024 · 341.0%
ROA
43.0%▼
2024 · 72.0%
Interest coverage
101.80▼
2024 · 133.32
Debt
€1.43M▲
2024 · €813k
Debt ≤ 1 year
€759k▲
2024 · €751k
Income taxes
€286k▲
2024 · €257k
Staff costs
€847k▲
2024 · €640k
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€1.03M€1.92M▲
Fixed assets21/28€220k€385k▲
Tangible fixed assets22/27€216k€382k▲
Plant, machinery and equipment23€148k€252k▲
Furniture and vehicles24€28k€39k▲
Other tangible fixed assets26€40k€90k▲
Financial fixed assets28€4k€4k=
Current assets29/58€811k€1.53M▲
Amounts receivable within one year40/41€283k€412k▲
Trade receivables40€270k€388k▲
Other amounts receivable41€14k€25k▲
Current investments50/53€400k€350k▼
Cash at bank and in hand54/58€125k€758k▲
Deferred charges and accrued income490/1€3k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.03M€1.92M▲
Equity10/15€218k€492k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€156k€430k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€150k€424k▲
Amounts payable17/49€813k€1.43M▲
Amounts payable within one year42/48€751k€759k▲
Current portion of amounts payable after more than one year42€23k€13k▼
Trade debts44€32k€71k▲
Suppliers440/4€32k€71k▲
Taxes, remuneration and social security45€64k€124k▲
Taxes450/3€2k€41k▲
Remuneration and social security454/9€63k€83k▲
Other amounts payable47/48€632k€552k▼
Accrued charges and deferred income492/3€62k€667k▲
Income statement
Code20242025
Non-recurring operating income76A€16k-
Remuneration, social security and pensions62€640k€847k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€81k€139k▲
Other operating charges640/8€734€2k▲
Gross operating margin9900€1.72M€2.11M▲
Operating profit (loss)9901€999k€1.12M▲
Financial income75/76B€8k€1k▼
Recurring financial income75€8k€1k▼
Financial charges65/66B€8k€12k▲
Recurring financial charges65€8k€12k▲
Profit (loss) for the period before taxes9903€999k€1.11M▲
Income taxes67/77€257k€286k▲
Profit (loss) for the period9904€742k€825k▲
Profit (loss) for the period to be appropriated9905€742k€825k▲
Appropriation of the result
Profit (loss) to be appropriated9906€742k€825k▲
Transfer to equity691/2€12k€275k▲
To other reserves6921€12k€275k▲
Profit to be distributed694/7€730k€550k▼
Return on contributions (dividend)694€730k€550k▼
The notes to these accounts (5 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
17-08
State Gazette act
Purpose · Statutes amendment · Resignations & appointmentsGeneral meeting · Director appointment · Permanent representative8 facts ▸
State Gazette act
Purpose · Statutes amendment · Resignations & appointments
General meeting · Director appointment · Permanent representative8 facts ▸
- General meeting, 2026-08-13
- Director appointment, ETHICO (bestuurder)
- Permanent representative, DEREZE, Sven François
- Director appointment, PALMERS, Debbie Guillaume Louise (bestuurder)
- Purpose change, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden: • het minnelijk en gerechtelijk inne…
- Statutes amendment
- Capital, €62.000
- Power of attorney, ODEURS, Philip
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €825k ▲11.1%
Operating result €1.12M, net result €825k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €205k ▲5.1%
4 profitable years in a row build equity to €205k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after 2 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
ETHICO
CurrentDirector · since 13-08-2026 · Private limited company · perm. rep.: DEREZE, Sven François
PALMERS, Debbie Guillaume Louise
CurrentDirector · since 13-08-2026
13-08-2026
ETHICO: Appointed as Director
13-08-2026
PALMERS, Debbie Guillaume Louise: Appointed as Director
Location & real-estate footprint
Registered office, Tienen · 1 establishment unit since 1993
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.
Industriepark 63300 TienenGround area
2,463 m²
Building footprint
519 m²
Volume, LiDAR
9,455 m³
Parcel 24594C0039/00X000, Flanders · tallest building 20.6 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Industriepark 6, 3300 Tienen
since 19932.064.229.680
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24594C0039/00X000 | Flanders | 2,463 m² | 1 · 519 m² | 20.6 m · 6 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.
Structure & network
Ownership & control
1 partyControl over this companysits on this company's board1
1 subsidiary · 1 location
controls
TCM BELGIUMBE 0451.082.959
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 7,140 EUR awarded · 7,140 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,500 EUR | 4,500 EUR |
| 2024 | 1 | 1,155 EUR | 1,890 EUR |
| 2023 | 1 | 735 EUR | 0 EUR |
| 2022 | 1 | 750 EUR | 750 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
6488N389ZX8WQ5W09I46
Similar companies · same sector, comparable size
Collection Attorneys Europe
BE 0465.233.081
Antwerpen · Eq €522k
CREDIT MANAGEMENT & ADVICE
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Justified
BE 0701.944.062
Gent · Eq €454k
FLEXCREDIT
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TRIVION
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Vosselaar · Eq €452k
Of 150 companies in sector 82910 we hold annual accounts for 78. 49 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-10-1993
Fiscal year end31-12
Activities, NACEBEL
74873
82910Office administrative, office support and other business support activities
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.