Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 48 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
T.M.S. from Waterloo, company number BE0433994034, closed financial year 2024 with a result of € 70,598 after tax. For that financial year T.M.S. recorded a gross margin of € 254,155 and equity of € -57,819. Compared with financial year 2023, the result moved from € 78,737 to € 70,598. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 14, 2025.
€ -57,819
▲ € 70,598 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 70,598
▼ 10% vs 2023
Profit after tax over the fiscal year.
€ 51,693
▲ 68% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -76,411.
People and assets in 2024
€ 128,334
▲ 5% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,028
▼ 55% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 282,202
▼ 7% vs 2023
€ 21,103 is repaid this year. At this pace the long-term loan is gone in ≈ 13 years.
€ 31,683
▼ 15% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 85,158
▲ 8% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 104,256 | € 118,804 | € 270,921 | € 254,155 | ▼ 6% |
| Profit after taxes | € -6,039 | € -4,490 | € 78,737 | € 70,598 | ▼ 10% |
| Equity | € -202,664 | € -207,153 | € -128,417 | € -57,819 | ▲ € 70,598 |
| Total debts | € 595,556 | € 566,570 | € 484,985 | € 519,461 | ▲ 7% |
| Cash | € 50,446 | € 25,090 | € 30,743 | € 51,693 | ▲ 68% |
| Retained profit | € -221,256 | € -225,745 | € -148,868 | € -76,411 | ▲ € 72,457 |
| Bank debt | € 293,098 | € 323,194 | € 302,898 | € 282,202 | ▼ 7% |
| Balance sheet total | € 392,892 | € 359,416 | € 356,569 | € 461,642 | ▲ 29% |
Key figures of T.M.S., fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to T.M.S.?
What happened at T.M.S. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 70,598 (▼ 10% vs 2023). filed late Source: NBB ↗
- New establishment in Waterloo. KBO
- New establishment in Vorst. KBO
- Start of the company according to the CBE. KBO
In short
From € 6,039 loss in 2021 to € 70,598 profit in 2024.
Paid € 3,840 in corporate taxes since 2021.
Best year ever: 2023, with € 78,737 profit.
Establishments
Establishment units
Physical locations of this company
Chaussée de Bruxelles 304
1410 Waterloo
Bemptlaan 43
1190 Vorst
Active since 24 June 1988
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0433.994.034
- VAT number
- BE 0433.994.034
- Registered office
- Chaussée de Bruxelles 304, 1410 Waterloo
- Names & denominations
- T.M.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 18 April 1988
- Peppol
- Active · Active since 26 Feb 2026
- Activities · NACE
Schrijnwerk
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