T.D.M
ActiveSummary
T.D.M has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65,675 and a net result of €19,784. Equity is growing by ~44% per year across the filed fiscal years. Its solvency ranks better than 41% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+34
Solvency64▲+15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.0 in 2024; short-term debt: 32.2% and cash: 0% of total assets), and 61.2% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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 · 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
38.8%
Return on assets
11.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
63 d early
2024
13 d early
2023
30 d late
2022
on the day
2021
30 d early
2020
19 d late
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 18 July (4 of the last 5 filed years within 44 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€65,675▲ 43.1%
2024 · €45,891
Total assets
€169,333▼ 13.2%
2024 · €195,014
Net result
€19,784▲ 209%
2024 · €6,402
Working capital
€15,559
2024 · -€213
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,498▼ 59.5%€24,797▲ 351%€19,850▼ 19.9%€15,421▼ 22.3%€33,357▲ 116%
Net result€2,602within the sector's middle half▼ 75.1%€17,838within the sector's middle half▲ 585%€12,354within the sector's middle half▼ 30.7%€6,402within the sector's middle half▼ 48.2%€19,784within the sector's middle half▲ 209%
Equity€9,298below the sector's middle half▲ 38.9%€27,135within the sector's middle half▲ 192%€39,489within the sector's middle half▲ 45.5%€45,891within the sector's middle half▲ 16.2%€65,675within the sector's middle half▲ 43.1%
Total assets€58,415below the sector's middle half▲ 39.3%€57,023below the sector's middle half▼ 2.4%€168,881within the sector's middle half▲ 196%€195,014within the sector's middle half▲ 15.5%€169,333within the sector's middle half▼ 13.2%
Debt€49,118▲ 39.3%€29,888▼ 39.2%€129,392▲ 333%€149,124▲ 15.2%€103,658▼ 30.5%
Working capital-€8,728below the sector's middle half▼ 65.3%€12,015within the sector's middle half€1,917below the sector's middle half▼ 84.0%-€213below the sector's middle half€15,559within the sector's middle half
Solvency15.9%below the sector's middle half=47.6%within the sector's middle half▲ 31.7pp23.4%within the sector's middle half▼ 24.2pp23.5%below the sector's middle half▲ 0.1pp38.8%within the sector's middle half▲ 15.3pp
Current ratio0.82below the sector's middle half▼ 0.011.40within the sector's middle half▲ 0.581.03below the sector's middle half▼ 0.371.00below the sector's middle half▼ 0.031.29within the sector's middle half▲ 0.29
Return on assets (ROA)4.5%within the sector's middle half▼ 20.5pp31.3%above the sector's middle half▲ 26.8pp7.3%within the sector's middle half▼ 24.0pp3.3%within the sector's middle half▼ 4.0pp11.7%within the sector's middle half▲ 8.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 116% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €169,333
Fixed assets
€99,234 ▼ 6.4%
Current assets
€70,099 ▼ 21.2%
Equity and liabilities €169,333
Equity
€65,675 ▲ 43.1%
Debt
€103,658 ▼ 30.5%
Debt's share of the balance-sheet total falls from 76.5% to 61.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,159▲
2024 · €22,196
Cash flow
€26,586▲
2024 · €13,177
Debt to equity
1.58▼
2024 · 3.25
ROE
30.1%▲
2024 · 14.0%
Interest coverage
7.00▲
2024 · 3.16
Debt ≤ 1 year
€54,540▼
2024 · €89,191
Debt > 1 year
€49,118▼
2024 · €59,933
Income taxes
€7,837▲
2024 · €2,003
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 26,975 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €17,184 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,007 | €2,302 | €2,257 | €6,776 | €6,802 | ▲ 0.4% |
| Other operating charges640/8 | €2,386 | €1,960 | €650 | €632 | €1,665 | ▲ 164% |
| Non-recurring operating charges66A | - | €104 | €0 | - | - | - |
| Gross operating margin9900 | €11,892 | €29,163 | €22,757 | €22,828 | €41,823 | ▲ 83.2% |
| Operating profit (loss)9901 | €5,498 | €24,797 | €19,850 | €15,421 | €33,357 | ▲ 116% |
| Financial income75/76B | €10 | €0 | €49 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €10 | €0 | €49 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €2,228 | €2,253 | €4,112 | €7,016 | €5,735 | ▼ 18.3% |
| Recurring financial charges65 | €2,228 | €2,253 | €4,112 | €7,016 | €5,735 | ▼ 18.3% |
| Profit (loss) for the period before taxes9903 | €3,280 | €22,544 | €15,787 | €8,404 | €27,621 | ▲ 229% |
| Income taxes67/77 | €678 | €4,706 | €3,433 | €2,003 | €7,837 | ▲ 291% |
| Profit (loss) for the period9904 | €2,602 | €17,838 | €12,354 | €6,402 | €19,784 | ▲ 209% |
| Profit (loss) for the period to be appropriated9905 | €2,602 | €17,838 | €12,354 | €6,402 | €19,784 | ▲ 209% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,415 | €57,023 | €168,881 | €195,014 | €169,333 | ▼ 13.2% |
| Fixed assets21/28 | €18,026 | €15,120 | €107,790 | €106,036 | €99,234 | ▼ 6.4% |
| Tangible fixed assets22/27 | €11,026 | €8,120 | €100,790 | €99,036 | €92,234 | ▼ 6.9% |
| Land and buildings22 | €9,924 | €8,120 | €6,315 | €4,511 | €2,707 | ▼ 40.0% |
| Plant, machinery and equipment23 | €191 | €0 | - | - | - | - |
| Furniture and vehicles24 | €910 | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | €94,474 | €94,525 | €89,528 | ▼ 5.3% |
| Financial fixed assets28 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Current assets29/58 | €40,390 | €41,903 | €61,092 | €88,978 | €70,099 | ▼ 21.2% |
| Amounts receivable within one year40/41 | €25,367 | €39,887 | €61,066 | €74,477 | €70,099 | ▼ 5.9% |
| Trade receivables40 | €24,367 | €38,887 | €60,095 | €42,138 | €34,485 | ▼ 18.2% |
| Other amounts receivable41 | €1,000 | €1,000 | €971 | €32,339 | €35,614 | ▲ 10.1% |
| Cash at bank and in hand54/58 | €14,402 | €2,017 | €26 | €14,501 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €621 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,415 | €57,023 | €168,881 | €195,014 | €169,333 | ▼ 13.2% |
| Equity10/15 | €9,298 | €27,135 | €39,489 | €45,891 | €65,675 | ▲ 43.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €665 | €665 | €665 | €665 | €665 | = |
| Non-distributable reserves130/1 | €665 | €665 | €0 | - | - | - |
| Reserves not available under the articles1311 | €665 | €665 | €0 | - | - | - |
| Distributable reserves133 | - | - | €665 | €665 | €665 | = |
| Profit (loss) carried forward14 | €2,432 | €20,270 | €32,624 | €39,025 | €58,810 | ▲ 50.7% |
| Amounts payable17/49 | €49,118 | €29,888 | €129,392 | €149,124 | €103,658 | ▼ 30.5% |
| Amounts payable after more than one year17 | €0 | - | €70,218 | €59,933 | €49,118 | ▼ 18.0% |
| Financial debts170/4 | €0 | - | €70,218 | €59,933 | €49,118 | ▼ 18.0% |
| Amounts payable within one year42/48 | €49,118 | €29,888 | €59,174 | €89,191 | €54,540 | ▼ 38.9% |
| Current portion of amounts payable after more than one year42 | €3,056 | €0 | €8,985 | €10,285 | €10,815 | ▲ 5.1% |
| Financial debts43 | €15,048 | €15,230 | €15,453 | €15,053 | €15,132 | ▲ 0.5% |
| Credit institutions430/8 | €15,048 | €15,230 | €15,453 | €15,053 | €15,132 | ▲ 0.5% |
| Trade debts44 | €5,073 | €760 | €848 | €4,140 | €1,247 | ▼ 69.9% |
| Suppliers440/4 | €5,073 | €760 | €848 | €4,140 | €1,247 | ▼ 69.9% |
| Taxes, remuneration and social security45 | €5,042 | €9,627 | €13,683 | €8,378 | €14,283 | ▲ 70.5% |
| Taxes450/3 | €5,042 | €9,627 | €11,683 | €8,378 | €14,283 | ▲ 70.5% |
| Remuneration and social security454/9 | - | - | €2,000 | €0 | - | - |
| Other amounts payable47/48 | €20,898 | €4,271 | €20,205 | €51,335 | €13,064 | ▼ 74.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,602 | €17,838 | €12,354 | €6,402 | €19,784 | ▲ 209% |
| + Depreciation and write-downs630 | €4,007 | €2,302 | €2,257 | €6,776 | €6,802 | ▲ 0.4% |
| Operating cash flow (approximation) | €6,610 | €20,139 | €14,611 | €13,177 | €26,586 | ▲ 102% |
| Investment in fixed assets (approximation) | - | €604 | -€94,927 | -€5,022 | €0 | ▲ 100% |
| Change in cash | - | -€12,386 | -€1,991 | €14,475 | -€14,501 | ▼ 200% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €19,784 ▲209%
Operating result €33,357, net result €19,784, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Back to profitnet €10,455
Net result €10,455 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€23,266
Net result drops to -€23,266, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ravels · 1 establishment unit since 2017
Ground area
6,590 m²
Building footprint
346 m²
Volume, LiDAR
2,221 m³
Parcel 13048A0140/00K000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Laar 30, 2381 Ravels
since 20172.266.499.228
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13048A0140/00K000 | Flanders | 6,590 m² | 1 · 346 m² | 10.7 m · 2 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 3,959 companies in this sector we hold annual accounts for 1,788. 1,556 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded27-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
41001General construction of residential buildings
43350Other building finishing work
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678939523
Also
9925:BE0678939523
Registered
05-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.