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 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 2.2 to 0.6.
Financials
Financial year 2025
T & L Projects from Geel, company number BE0839510947, closed financial year 2025 with a result of € -143,289 after tax. For that financial year T & L Projects recorded a gross margin of € -31,985 and equity of € -139,893. Compared with financial year 2024, the result moved from € -294,016 to € -143,289. 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 June 22, 2026.
€ -139,893
▼ € 143,289 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -143,289
▲ 51 % less loss than in 2024
Profit after tax over the fiscal year.
€ 46,633
▼ 25% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -239,893.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 19,024
▼ 73% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 48,633
▼ 61% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 150,000
Loans from banks and other lenders, long and short.
€ 88,954
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 271,760 | € -19,630 | € -117,873 | € -31,985 | ▲ € 85,888 |
| Profit after taxes | € 17,815 | € -324,406 | € -294,016 | € -143,289 | ▲ € 150,727 |
| Equity | € 621,819 | € 297,413 | € 3,396 | € -139,893 | ▼ € 143,289 |
| Total debts | € 104,420 | € 412,105 | € 307,811 | € 306,276 | |
| Cash | € 436,462 | € 258,054 | € 61,961 | € 46,633 | ▼ 25% |
| Retained profit | € 521,819 | € 197,413 | € -96,604 | € -239,893 | ▼ € 143,289 |
| Bank debt | € 0 | € 200,000 | € 150,000 | € 150,000 | |
| Balance sheet total | € 726,238 | € 709,518 | € 311,207 | € 166,383 | ▼ 47% |
| Employees (FTE) | 2.4 | 2.2 | 0.9 | 0.6 | ▼ 0.3 |
Key figures of T & L Projects, 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 T & L Projects?
What happened at T & L Projects in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 143,289. Source: NBB ↗
- New establishment in Geel. KBO
- Timothy Mathys became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 17,815 profit in 2022 to € 143,289 loss in 2025.
Paid € 5,282 in corporate taxes since 2022.
Best year ever: 2022, with € 17,815 profit.
On average € 113,200 of value added per employee in 2022.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind T & L Projects is Timothy Mathys. Timothy Mathys is also behind Industrial Investment Partners 6-Standing, MTM and STANDING BUILDING GROUP.
Directors
According to the 2025 annual accounts
Timothy Mathys
Director
Also active at: Industrial Investment Partners 6-Standing, MTM, STANDING BUILDING GROUP
since 2011
Establishments
Establishment units
Physical locations of this company
Winkelom 83 box D3
2440 Geel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →SERVICE CENTER JEAN LUYCKX
€ -18,461 gross margin · 2025
Standing Construct
€ 2.6 million gross margin · 2025
Industrial Investment Partners 6-Standing same network
Christ The Lord Gospel Church
MTM same network
€ 300,315 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0839.510.947
- VAT number
- BE 0839.510.947
- Registered office
- Winkelom 83 bus D3, 2440 Geel
- Names & denominations
- T & L Projects
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 September 2011
- Peppol
- Active · Active since 9 Oct 2025
- Activities · NACE
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