Bankrupt · Opening faillissement (CBE)

TP CONNECTIONS

BE0830218842

Rechtspersoon Private limited company 1 establishment

TP CONNECTIONS is a telecom company in Ichtegem. Private Limited, started on 11 October 2010, 1 establishment.

Aartrijkestraat(EER) 21, 8480 Ichtegem

Behind the company: Tim Peel.

Start date

11 October 2010

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

  • Negative equity NBB

    More debt than assets in 2 of the last 2 fiscal years.

  • Two loss years in a row NBB

    Negative result in 2021 and 2022.

  • Tight liquidity NBB

    Cash and receivables cover 56 % of short-term debt in 2022; threshold 65 %.

  • Late annual account NBB

    Fiscal year 2022 was filed 192 days after the legal deadline.

  • 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.

What it is worth Caution

€ -296,418

▼ € 153,613 vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -153,613

▲ 62 % less loss than in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 31,069

▼ 45% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -314,968.

People and assets in 2022

Full-time equivalents

9.6

▼ 10.8 vs 2021

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 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.

Vehicles and equipment

€ 55,822

▼ 68% vs 2021

Book value of vehicles, furniture and equipment.

Debts at end 2022

Bank debt ≈ 3 years to go

€ 953,266

▼ 33% vs 2021

€ 195,129 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.

Owed to suppliers

€ 244,198

▲ 25% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 348,590

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
20212022Change 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

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.

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 ↗
  • New establishment in Ichtegem. KBO
  • Tim Peel became a director. NBB
  • Start of the company according to the CBE. KBO

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

Tim Peel
TP CONNECTIONS
Noë Estate (Spanje) 80%

Behind TP CONNECTIONS is Tim Peel. It owns 80% of Noë Estate (Spanje) itself.

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Directors

According to the 2022 annual accounts

Tim Peel

Director

since 2010

Establishments

Establishment units

Physical locations of this company

Registered office

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.

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

Frequently asked questions

What does TP CONNECTIONS do?
TP CONNECTIONS is a telecom company in Ichtegem. Private Limited, started on 11 October 2010, 1 establishment.
What is the address of TP CONNECTIONS?
The registered office of TP CONNECTIONS is located at Aartrijkestraat(EER) 21, 8480 Ichtegem.
Is TP CONNECTIONS still active?
No. The CBE lists TP CONNECTIONS with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.
Is TP CONNECTIONS registered on Peppol?
No, TP CONNECTIONS is currently not registered on the Peppol network.
What is the enterprise number of TP CONNECTIONS?
The enterprise number of TP CONNECTIONS is BE0830218842.
When was TP CONNECTIONS founded?
TP CONNECTIONS was founded on 11 October 2010.