T-BD
ActiveSummary
The computed 12-month bankruptcy probability of T-BD is 4.9% (elevated). The 2025 annual accounts show equity of €89,915 and a net result of €16,199. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 62% of 1880 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-20
Solvency75▼-6
Growth52=
Track record94
Bankruptcy probability, 12 months
4.9%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.64 against 1.98 in 2024; short-term debt: 50.1% and cash: 34.3% of total assets), but 50.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.9%
Return on assets
9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
28 d late
2024
23 d early
2023
309 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 105 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€89,915▲ 22.0%
2024 · €73,715
Total assets
€180,358▲ 36.5%
2024 · €132,173
Net result
€16,199▼ 64.1%
2024 · €45,173
Working capital
€58,071▲ 0.9%
2024 · €57,537
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€53,258-€50,605▼ 5.0%€19,359▼ 61.7%
Net result€53,259-€45,173▼ 15.2%€16,199▼ 64.1%
Equity€64,341-€73,715▲ 14.6%€89,915▲ 22.0%
Total assets€75,970-€132,173▲ 74.0%€180,358▲ 36.5%
Debt€11,630-€58,457▲ 403%€90,443▲ 54.7%
Working capital€35,060-€57,537▲ 64.1%€58,071▲ 0.9%
Staff (FTE)0.21.8▲ 800%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 62% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180,358
Fixed assets
€31,843 ▲ 96.8%
Current assets
€148,515 ▲ 28.0%
Equity and liabilities €180,358
Equity
€89,915 ▲ 22.0%
Debt
€90,443 ▲ 54.7%
Debt's share of the balance-sheet total rises from 44.2% to 50.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€25,018▼
2024 · €57,673
Cash flow
€21,858▼
2024 · €52,241
Current ratio
1.64▼
2024 · 1.98
Debt to equity
1.01▲
2024 · 0.79
ROE
18.0%▼
2024 · 61.3%
ROA
9.0%▼
2024 · 34.2%
Interest coverage
117.81▼
2024 · 357.17
Debt ≤ 1 year
€90,443▲
2024 · €58,457
Income taxes
€5,482▲
2024 · €5,270
Staff costs
€115,185▲
2024 · €7,204
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €7,204 | €115,185 | ▲ 1,499% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,647 | €7,068 | €5,659 | ▼ 19.9% |
| Other operating charges640/8 | €5,262 | €4,278 | €7,527 | ▲ 75.9% |
| Non-recurring operating charges66A | - | €2,769 | - | - |
| Gross operating margin9900 | €68,168 | €71,925 | €147,731 | ▲ 105% |
| Operating profit (loss)9901 | €53,258 | €50,605 | €19,359 | ▼ 61.7% |
| Financial income75/76B | €7 | - | €2,534 | - |
| Recurring financial income75 | €7 | - | €2,534 | - |
| Financial charges65/66B | €6 | €161 | €212 | ▲ 31.5% |
| Recurring financial charges65 | €6 | €161 | €212 | ▲ 31.5% |
| Profit (loss) for the period before taxes9903 | €53,259 | €50,443 | €21,681 | ▼ 57.0% |
| Income taxes67/77 | - | €5,270 | €5,482 | ▲ 4.0% |
| Profit (loss) for the period9904 | €53,259 | €45,173 | €16,199 | ▼ 64.1% |
| Profit (loss) for the period to be appropriated9905 | €53,259 | €45,173 | €16,199 | ▼ 64.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €75,970 | €132,173 | €180,358 | ▲ 36.5% |
| Fixed assets21/28 | €29,281 | €16,178 | €31,843 | ▲ 96.8% |
| Tangible fixed assets22/27 | €16,281 | €3,178 | €13,843 | ▲ 336% |
| Plant, machinery and equipment23 | - | €1,334 | €1,669 | ▲ 25.2% |
| Furniture and vehicles24 | €16,281 | €1,845 | €12,174 | ▲ 560% |
| Financial fixed assets28 | €13,000 | €13,000 | €18,000 | ▲ 38.5% |
| Current assets29/58 | €46,690 | €115,994 | €148,515 | ▲ 28.0% |
| Amounts receivable within one year40/41 | €10,113 | €8,944 | €86,661 | ▲ 869% |
| Trade receivables40 | €10,113 | €719 | €31,089 | ▲ 4,224% |
| Other amounts receivable41 | - | €8,225 | €55,573 | ▲ 576% |
| Cash at bank and in hand54/58 | €36,577 | €107,050 | €61,853 | ▼ 42.2% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €75,970 | €132,173 | €180,358 | ▲ 36.5% |
| Equity10/15 | €64,341 | €73,715 | €89,915 | ▲ 22.0% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Outside capital11 | €10,000 | €10,000 | €10,000 | = |
| Other1109/19 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €54,341 | €63,715 | €79,915 | ▲ 25.4% |
| Amounts payable17/49 | €11,630 | €58,457 | €90,443 | ▲ 54.7% |
| Amounts payable within one year42/48 | €11,630 | €58,457 | €90,443 | ▲ 54.7% |
| Trade debts44 | €765 | €4,703 | €8,722 | ▲ 85.5% |
| Suppliers440/4 | €765 | €4,703 | €8,722 | ▲ 85.5% |
| Taxes, remuneration and social security45 | €9,150 | €28,754 | €56,721 | ▲ 97.3% |
| Taxes450/3 | €9,150 | €25,360 | €26,319 | ▲ 3.8% |
| Remuneration and social security454/9 | - | €3,394 | €30,401 | ▲ 796% |
| Other amounts payable47/48 | €1,715 | €25,000 | €25,000 | = |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,259 | €45,173 | €16,199 | ▼ 64.1% |
| + Depreciation and write-downs630 | €9,647 | €7,068 | €5,659 | ▼ 19.9% |
| Operating cash flow (approximation) | €62,906 | €52,241 | €21,858 | ▼ 58.2% |
| Investment in fixed assets (approximation) | - | €6,034 | -€21,324 | ▼ 453% |
| Change in cash | - | €70,473 | -€45,197 | ▼ 164% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €16,199 ▼64.1%
Net result drops to €16,199, the lowest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 309 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2022
Ground area
254 m²
Building footprint
100 m²
Volume, LiDAR
1,310 m³
Parcel 21302A0017/00H006, Brussels · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
T-BD - Débouchage
since 20222.332.856.829
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21302A0017/00H006 | Brussels | 254 m² | 1 · 100 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
HAMATRA
BE 0880.186.413
Genk · Eq €89,876
SRN TRANSPORT
BE 0753.759.680
Grimbergen · Eq €89,963
ID Freight Belgium
BE 0454.342.852
Willebroek · Eq €89,803
King Logistics
BE 0713.517.152
Antwerpen · Eq €90,027
Brondeel Transport
BE 0758.539.703
Aalst · Eq €89,780
Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 6,321 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded18-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
52249Warehousing and support activities for transportation
52250Logistics services
53200Other postal and courier activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0784903907
Also
9925:BE0784903907
Registered
17-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.