T.D.E.
ActiveSummary
T.D.E. has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €-18k. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 9% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+36
Solvency29▼-2
Growth55▲+3
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.41 against 0.43 in 2024; short-term debt: 96% and cash: 4.5% of total assets), and 96.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.9%
Return on assets
-3%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-18k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7838 sector peers (2025).
NBB · sector comparisonPosition among 7838 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-12-2025, 140 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
140 d early
2024
100 d early
2023
1 d early
2022
4 d early
2021
4 d early
2020
34 d early
2019
124 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€735k▲ 26.4%
2024 · €581k
2024: €581k
2025: €735k▲ +26.4% vs 2024
2024 → 2025
EBIT margin
0.1%▲ 12.6pp
2024 · -12.5%
2024: -12.5%
2025: 0.1%▲ +101% vs 2024
2024 → 2025
Net result
€-18k▲ 81.3%
2024 · €-95k
2018: €4k
2019: €9k▲ +108% vs 2018
2020: €3k▼ -71.8% vs 2019
2021: €9k▲ +244% vs 2020
2022: €16k▲ +72.2% vs 2021highest in 8 years
2023: €-4k▼ -124% vs 2022
2024: €-95k▼ -2467% vs 2023lowest in 8 years
2025: €-18k▲ +81.3% vs 2024
2018 → 2025
Working capital
€-338k▲ 5.1%
2024 · €-357k
2018: €91khighest in 8 years
2019: €76k▼ -17.1% vs 2018
2020: €51k▼ -32.4% vs 2019
2021: €62k▲ +21.8% vs 2020
2022: €56k▼ -10.3% vs 2021
2023: €61k▲ +8.7% vs 2022
2024: €-357k▼ -687% vs 2023lowest in 8 years
2025: €-338k▲ +5.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€581k€735k▲ 26.4%
2024: €581k
2025: €735k▲ +26.4% vs 2024
Equity€44k-€60k▲ 35.3%€56k▼ 6.2%€41k▼ 27.2%€23k▼ 43.6%
2021: €44k
2022: €60k▲ +35.3% vs 2021highest in 5 years
2023: €56k▼ -6.2% vs 2022
2024: €41k▼ -27.2% vs 2023
2025: €23k▼ -43.6% vs 2024lowest in 5 years
Operating result€35k-€54k▲ 54.6%€14k▼ 73.4%€-73k€945
2021: €35k
2022: €54k▲ +54.6% vs 2021highest in 5 years
2023: €14k▼ -73.4% vs 2022
2024: €-73k▼ -603% vs 2023lowest in 5 years
2025: €945▲ +101% vs 2024
Net result€9k-€16k▲ 72.2%€-4k€-95k▼ 2,467%€-18k▲ 81.3%
2021: €9k
2022: €16k▲ +72.2% vs 2021highest in 5 years
2023: €-4k▼ -124% vs 2022
2024: €-95k▼ -2467% vs 2023lowest in 5 years
2025: €-18k▲ +81.3% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €945 after a loss of €73k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €594k
Fixed assets
€362k ▼ 10.6%
Current assets
€232k ▼ 14.9%
Equity and liabilities €594k
Equity
€23k ▼ 43.6%
Debt
€571k ▼ 10.3%
Debt's share of the balance-sheet total rises from 94.0% to 96.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€50k▲
2024 · €-23k
Cash flow
€32k▲
2024 · €-46k
Current ratio
0.41▼
2024 · 0.43
Quick ratio
0.39▼
2024 · 0.42
Debt to equity
24.83▲
2024 · 15.60
ROE
-77.5%▲
2024 · -233.3%
ROA
-3.0%▲
2024 · -14.1%
Interest coverage
2.26▲
2024 · -1.03
Debt ≤ 1 year
€570k▼
2024 · €629k
Debt > 1 year
€0▼
2024 · €3k
Income taxes
€13▼
2024 · €23
Staff costs
€205k▲
2024 · €194k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€678k€594k▼
Fixed assets21/28€405k€362k▼
Tangible fixed assets22/27€405k€362k▼
Plant, machinery and equipment23€399k€355k▼
Furniture and vehicles24€6k€7k▲
Current assets29/58€273k€232k▼
Stocks and contracts in progress3€11k€10k▼
Stocks30/36€11k€10k▼
Contracts in progress37€0-
Amounts receivable within one year40/41€262k€193k▼
Trade receivables40€130k€149k▲
Other amounts receivable41€133k€43k▼
Cash at bank and in hand54/58€0€26k▲
Deferred charges and accrued income490/1€0€3k▲
Equity and liabilities
Total equity and liabilities10/49€678k€594k▼
Equity10/15€41k€23k▼
Contributions10/11€19k€19k=
Reserves13€41k€41k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€41k€41k=
Profit (loss) carried forward14€-19k€-37k▼
Amounts payable17/49€637k€571k▼
Amounts payable after more than one year17€3k€0▼
Financial debts170/4€3k€0▼
Amounts payable within one year42/48€629k€570k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43€291k€288k▼
Credit institutions430/8€291k€288k▼
Trade debts44€77k€63k▼
Suppliers440/4€77k€63k▼
Taxes, remuneration and social security45€36k€34k▼
Taxes450/3€2k€2k▼
Remuneration and social security454/9€35k€32k▼
Other amounts payable47/48€224k€186k▼
Accrued charges and deferred income492/3€5k€849▼
Income statement
Code20242025
Turnover70€581k€735k▲
Goods, raw materials, services and sundry goods60/61€424k€499k▲
Remuneration, social security and pensions62€194k€205k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€49k€50k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€173k€258k▲
Operating profit (loss)9901€-73k€945▲
Financial income75/76B€77€4k▲
Recurring financial income75€77€4k▲
Financial charges65/66B€23k€22k▼
Recurring financial charges65€23k€22k▼
Profit (loss) for the period before taxes9903€-95k€-18k▲
Income taxes67/77€23€13▼
Profit (loss) for the period9904€-95k€-18k▲
Profit (loss) for the period to be appropriated9905€-95k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-99k€-37k▲
Profit (loss) brought forward from the previous period14P€-4k€-19k▼
Shareholders' contribution to the loss794€80k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €581k | €735k | ▲ 26.4% |
| Non-recurring operating income76A | €6k | - | €7k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €424k | €499k | ▲ 17.8% |
| Remuneration, social security and pensions62 | €238k | €188k | €178k | €194k | €205k | ▲ 5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €16k | €6k | €49k | €50k | ▲ 0.7% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €2k | ▲ 6.5% |
| Non-recurring operating charges66A | - | - | €6k | - | - | - |
| Gross operating margin9900 | €279k | €260k | €207k | €173k | €258k | ▲ 49.2% |
| Operating profit (loss)9901 | €35k | €54k | €14k | €-73k | €945 | ▲ 101% |
| Financial income75/76B | €2k | €121 | €163 | €77 | €4k | ▲ 4,509% |
| Recurring financial income75 | €2k | €121 | €163 | €77 | €4k | ▲ 4,509% |
| Financial charges65/66B | €27k | €34k | €18k | €23k | €22k | ▼ 1.7% |
| Recurring financial charges65 | €27k | €34k | €18k | €23k | €22k | ▼ 1.7% |
| Profit (loss) for the period before taxes9903 | €10k | €21k | €-4k | €-95k | €-18k | ▲ 81.3% |
| Income taxes67/77 | €869 | €5k | €12 | €23 | €13 | ▼ 42.3% |
| Profit (loss) for the period9904 | €9k | €16k | €-4k | €-95k | €-18k | ▲ 81.3% |
| Profit (loss) for the period to be appropriated9905 | €9k | €16k | €-4k | €-95k | €-18k | ▲ 81.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €795k | €812k | €1.05M | €678k | €594k | ▼ 12.3% |
| Fixed assets21/28 | €50k | €35k | €11k | €405k | €362k | ▼ 10.6% |
| Tangible fixed assets22/27 | €50k | €35k | €11k | €405k | €362k | ▼ 10.6% |
| Plant, machinery and equipment23 | €5k | €4k | €2k | €399k | €355k | ▼ 10.9% |
| Furniture and vehicles24 | €22k | €14k | €10k | €6k | €7k | ▲ 14.6% |
| Leasing and similar rights25 | €22k | €18k | - | - | - | - |
| Current assets29/58 | €746k | €777k | €1.03M | €273k | €232k | ▼ 14.9% |
| Stocks and contracts in progress3 | €588k | €455k | €463k | €11k | €10k | ▼ 7.0% |
| Stocks30/36 | €24k | €15k | €20k | €11k | €10k | ▼ 7.0% |
| Contracts in progress37 | €564k | €440k | €443k | €0 | - | - |
| Amounts receivable within one year40/41 | €136k | €292k | €348k | €262k | €193k | ▼ 26.4% |
| Trade receivables40 | €81k | €188k | €271k | €130k | €149k | ▲ 15.4% |
| Other amounts receivable41 | €55k | €103k | €78k | €133k | €43k | ▼ 67.3% |
| Cash at bank and in hand54/58 | €20k | €30k | €219k | €0 | €26k | - |
| Deferred charges and accrued income490/1 | €2k | - | €3k | €0 | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €795k | €812k | €1.05M | €678k | €594k | ▼ 12.3% |
| Equity10/15 | €44k | €60k | €56k | €41k | €23k | ▼ 43.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | €19k | €19k | - | - | - |
| Other1109/19 | €19k | €19k | €19k | - | - | - |
| Reserves13 | €25k | €41k | €41k | €41k | €41k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €0 | - | - |
| Distributable reserves133 | €24k | €39k | €39k | €41k | €41k | = |
| Profit (loss) carried forward14 | - | - | €-4k | €-19k | €-37k | ▼ 94.0% |
| Amounts payable17/49 | €751k | €752k | €989k | €637k | €571k | ▼ 10.3% |
| Amounts payable after more than one year17 | €66k | €28k | €15k | €3k | €0 | ▼ 100% |
| Financial debts170/4 | €66k | €28k | €15k | €3k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €684k | €721k | €973k | €629k | €570k | ▼ 9.3% |
| Current portion of amounts payable after more than one year42 | €59k | €44k | €16k | €0 | - | - |
| Financial debts43 | €358k | €287k | €403k | €291k | €288k | ▼ 1.3% |
| Credit institutions430/8 | €13k | €2k | €118k | €291k | €288k | ▼ 1.3% |
| Other loans439 | €345k | €285k | €285k | - | - | - |
| Trade debts44 | €81k | €206k | €371k | €77k | €63k | ▼ 18.8% |
| Suppliers440/4 | €81k | €206k | €371k | €77k | €63k | ▼ 18.8% |
| Taxes, remuneration and social security45 | €14k | €16k | €14k | €36k | €34k | ▼ 7.5% |
| Taxes450/3 | €3k | €5k | - | €2k | €2k | ▼ 6.4% |
| Remuneration and social security454/9 | €12k | €11k | €14k | €35k | €32k | ▼ 7.6% |
| Other amounts payable47/48 | €171k | €168k | €169k | €224k | €186k | ▼ 16.8% |
| Accrued charges and deferred income492/3 | €2k | €3k | €1k | €5k | €849 | ▼ 83.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €16k | €-4k | €-95k | €-18k | ▲ 81.3% |
| + Depreciation and write-downs630 | €4k | €16k | €6k | €49k | €50k | ▲ 0.7% |
| Operating cash flow (approximation) | €13k | €31k | €2k | €-46k | €32k | ▲ 169% |
| Investment in fixed assets (approximation) | - | €-1k | €18k | €-443k | €-7k | ▲ 98.5% |
| Change in cash | - | €10k | €189k | €-219k | €26k | ▲ 112% |
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
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-95k
Net result drops to €-95k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €16k ▲72.2%
Operating result €54k, net result €16k, both a record.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
28-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Bree · 1 establishment unit since 2005
Ground area
2.5 ha
Building footprint
9,863 m²
Volume, LiDAR
84,600 m³
Parcel 72004B0089/00H003, Flanders · tallest building 15.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
T.D.E.
since 20052.148.585.434
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72004B0089/00H003 | Flanders | 2.5 ha | 1 · 9,863 m² | 15.4 m · 3 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.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 7,484 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
Founded02-08-2005
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail
breerik@yahoo.com
Scores and ratios are computed by Checked and are not a credit decision.