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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
TB MORGAN from Sint-Lambrechts-Woluwe, company number BE0847679931, closed financial year 2024 with a result of € -13,283 after tax. For that financial year TB MORGAN recorded a gross margin of € 4,837 and equity of € -122,171. Compared with financial year 2023, the result moved from € -14,450 to € -13,283. 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 October 17, 2025.
€ -122,171
▼ € 13,283 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,283
▲ 8 % less loss than in 2023
Profit after tax over the fiscal year.
€ 9,035
▼ 40% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -140,771.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 3,239
▲ € 2,448 vs 2023
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 7,219
▲ 112% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 22,651
▲ 7% vs 2023
€ 3,565 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1,533
▼ 29% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1,978
▲ 13% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 14,188 | € 21,568 | € 491 | € 4,837 | ▲ € 4,346 |
| Profit after taxes | € 2,723 | € 5,938 | € -14,450 | € -13,283 | ▲ € 1,167 |
| Equity | € -100,376 | € -94,438 | € -108,888 | € -122,171 | ▼ € 13,283 |
| Total debts | € 176,452 | € 168,485 | € 173,388 | € 170,974 | ▼ 1% |
| Cash | € 4,952 | € 9,631 | € 15,175 | € 9,035 | ▼ 40% |
| Retained profit | € -118,976 | € -113,038 | € -127,488 | € -140,771 | ▼ € 13,283 |
| Bank debt | € 11,696 | € 18,197 | € 21,178 | € 22,651 | ▲ 7% |
| Balance sheet total | € 76,076 | € 74,046 | € 64,500 | € 48,803 | ▼ 24% |
Key figures of TB MORGAN, 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 TB MORGAN?
What happened at TB MORGAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 13,283. filed late Source: NBB ↗
- New establishment in Sint-Lambrechts-Woluwe. KBO
- Start of the company according to the CBE. KBO
- Tom Morgan became a director. NBB
In short
From € 2,723 profit in 2021 to € 13,283 loss in 2024.
Paid € 1,295 in corporate taxes since 2021.
Best year ever: 2022, with € 5,938 profit.
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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
Directors
According to the 2024 annual accounts
Tom Morgan
Administrateur
since 2012
Establishments
Establishment units
Physical locations of this company
Sint-Lambertusplein 10
1200 Sint-Lambrechts-Woluwe
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0847.679.931
- VAT number
- BE 0847.679.931
- Registered office
- Sint-Lambertusplein 10, 1200 Sint-Lambrechts-Woluwe
- Names & denominations
- TB MORGAN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 July 2012
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening