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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Tight liquidity NBB
Cash and receivables cover 21 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
TMD IMMO from Saint-Georges-sur-Meuse, company number BE0833485366, closed financial year 2025 with a result of € -13,052 after tax. For that financial year TMD IMMO recorded a gross margin of € 32,037 and equity of € 4,978. Compared with financial year 2024, the result moved from € 13,064 to € -13,052. The company made a loss. The buffer shrank hard: equity is 72 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 26, 2026.
€ 4,978
▼ 72% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,052
▼ still € 13,064 profit in 2024
Profit after tax over the fiscal year.
€ 19,529
▲ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8,662.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 8,230
▲ € 7,746 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,084
▲ 196% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 10,764 | € 11,250 | € 44,067 | € 32,037 | ▼ 27% |
| Profit after taxes | € 4,780 | € -35,338 | € 13,064 | € -13,052 | ▼ € 26,116 |
| Equity | € 57,304 | € 4,966 | € 18,030 | € 4,978 | ▼ 72% |
| Total debts | € 14,303 | € 33,379 | € 91,842 | € 146,544 | ▲ 60% |
| Cash | € 36,376 | € 13,949 | € 13,911 | € 19,529 | ▲ 40% |
| Land & buildings | € 614 | € 491 | € 369 | € 246 | ▼ 33% |
| Retained profit | € 43,664 | € -8,674 | € 4,390 | € -8,662 | ▼ € 13,052 |
| Dividend | € 0 | € 17,000 | € 0 | € 0 | |
| Balance sheet total | € 71,607 | € 38,345 | € 109,872 | € 151,522 | ▲ 38% |
Key figures of TMD IMMO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to TMD IMMO?
What happened at TMD IMMO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 13,052 (▼ € 26,116 vs 2024). Source: NBB ↗
- New establishment in Donceel. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,780 profit in 2022 to € 13,052 loss in 2025.
Paid € 8,851 in corporate taxes since 2022.
Best year ever: 2024, with € 13,064 profit.
Paid out € 17,000 in dividends to the owners in total.
Management
Behind TMD IMMO is Thierry DAVID.
Directors
According to the 2025 annual accounts
Thierry DAVID
Director
Establishments
Establishment units
Physical locations of this company
Rue Sur-les-Sarts 8C
4470 Saint-Georges-sur-Meuse
Rue des Templiers 18 box 5
4357 Donceel
Active since 4 February 2011
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0833.485.366
- VAT number
- BE 0833.485.366
- Registered office
- Rue Sur-les-Sarts 8C, 4470 Saint-Georges-sur-Meuse
- Names & denominations
- TMD IMMO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 February 2011
- Peppol
- Active · Active since 14 Apr 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
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