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 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Tight liquidity NBB
Cash and receivables cover 56 % of short-term debt in 2022; threshold 65 %.
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Late annual account NBB
Fiscal year 2022 was filed 192 days after the legal deadline.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2022
TP CONNECTIONS from Ichtegem, company number BE0830218842, closed financial year 2022 with a result of € -153,613 after tax. For that financial year TP CONNECTIONS recorded a gross margin of € 345,844 and equity of € -296,418. Compared with financial year 2021, the result moved from € -403,626 to € -153,613. The company made a loss. 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 August 10, 2023.
€ -296,418
▼ € 153,613 vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -153,613
▲ 62 % less loss than in 2021
Profit after tax over the fiscal year.
€ 31,069
▼ 45% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -314,968.
People and assets in 2022
9.6
▼ 10.8 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 327,574
▼ 60% vs 2021
€ 34,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 55,822
▼ 68% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 953,266
▼ 33% vs 2021
€ 195,129 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 244,198
▲ 25% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 348,590
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 595,095 | € 345,844 | ▼ 42% |
| Profit after taxes | € -403,626 | € -153,613 | ▲ € 250,013 |
| Equity | € -142,805 | € -296,418 | ▼ € 153,613 |
| Total debts | € 2,348,709 | € 1,766,257 | ▼ 25% |
| Cash | € 56,156 | € 31,069 | ▼ 45% |
| Land & buildings | € 1,093,927 | € 573,933 | ▼ 48% |
| Retained profit | € -161,355 | € -314,968 | ▼ € 153,613 |
| Bank debt | € 1,420,147 | € 953,266 | ▼ 33% |
| Balance sheet total | € 2,205,904 | € 1,469,838 | ▼ 33% |
| Employees (FTE) | 20.4 | 9.6 | ▼ 10.8 |
By gross margin, TP CONNECTIONS ranks 15th of 52 companies with main activity “Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet” in West Flanders that publish figures (fiscal year 2022).
Key figures of TP CONNECTIONS, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 30 January 2024.
Ask about TP CONNECTIONS the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to TP CONNECTIONS?
What happened at TP CONNECTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
TP CONNECTIONS is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2022: loss of € 153,613. filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
- New establishment in Ichtegem. KBO
- Tim Peel became a director. NBB
In short
From € 403,626 loss in 2021 to € 153,613 loss in 2022.
Paid € 5,097 in corporate taxes since 2021.
On average € 36,000 of value added per employee in 2022.
Management
Behind TP CONNECTIONS is Tim Peel. It owns 80% of Noë Estate (Spanje) itself.
Directors
According to the 2022 annual accounts
Tim Peel
Director
since 2010
Establishments
Establishment units
Physical locations of this company
Aartrijkestraat(EER) 21
8480 Ichtegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- PEEL Tim Jo Raphaël(oprichter) 100%
Details
- Company number
- 0830.218.842
- VAT number
- BE 0830.218.842
- Registered office
- Aartrijkestraat(EER) 21, 8480 Ichtegem
- Names & denominations
- TP CONNECTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 11 October 2010
- Peppol
- Not registered
- Activities · NACE
Draadgebonden en draadloze telecommunicatie en telecommunicatie via satelliet
Draadloze telecommunicatie
Wederverkoop van telecommunicatie en bemiddelingsactiviteiten in verband met telecommunicatie
Handelsbemiddeling in de niet-gespecialiseerde groothandel
Draadgebonden telecommunicatie
Telecommunicatie via satelliet
Overige telecommunicatie