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T.O.D.

Active
Private limited companyfounded 20205 yrs activeBelgiëlei 122, 2018 Antwerpen, BelgiumKBO/BCE: BE 0760.696.566
Summary

The computed 12-month bankruptcy probability of T.O.D. is 2.7% (moderate). The annual accounts of T.O.D. for fiscal year 2025 show a net loss of 152% of the equity at the start of that year. The 2025 annual accounts show equity of €7,029 and a net result of -€31,370. Equity is shrinking by ~22.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 19% of 493 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
T.O.D.ActiveChecked score 50/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of furniture
NACE 31009NACE 31099
1 site
Size
€190,692total assets 2025
Equity
€7,029
Loss
-€31,370
Turnover not published (abridged schema)
Financial health
50 Fair Checked score 2025
Bankruptcy chance 12 m
2.7%
Structure
Accounts 4 d early0 of 1 deed read
Why 50- 1 of the last 3 late- Founded in 2020- Sector Manufacture of furniture (NACE 31)- Equity €7,029 (3.7% of total assets)Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 20% of its sector peers (NACE 31, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 29-6
equity 3.7% of total assets
Liquidity 50-17
short-term debt 24.7% · cash 7.3%
Profitability 0=
return on assets -16.5%
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (828 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%▼ -3.2% vs 11-2024 01-2025: 0.3%▼ -1.1% vs 12-2024lowest value 02-2025: 0.3%▲ +0.7% vs 01-2025 03-2025: 0.3%● 0.0% vs 02-2025 04-2025: 0.3%▲ +9.2% vs 03-2025 05-2025: 0.4%▲ +18.5% vs 04-2025 06-2025: 0.4%▲ +9.1% vs 05-2025 07-2025: 0.4%▲ +6.2% vs 06-2025 08-2025: 2.3%▲ +459% vs 07-2025 09-2025: 2.3%● 0.0% vs 08-2025 10-2025: 2.3%● 0.0% vs 09-2025 11-2025: 2.3%● 0.0% vs 10-2025 12-2025: 2.3%▲ +0.4% vs 11-2025 01-2026: 2.3%▼ -2.0% vs 12-2025 02-2026: 2.3%▲ +0.1% vs 01-2026 03-2026: 2.2%▼ -0.9% vs 02-2026 04-2026: 2.2%▼ -1.6% vs 03-2026 05-2026: 2.2%▲ +2.1% vs 04-2026 06-2026: 2.3%▲ +1.0% vs 05-2026 07-2026: 2.3%▲ +2.2% vs 06-2026 08-2026: 2.7%▲ +14.6% vs 07-2026highest value 09-2026: 2.7%● 0.0% vs 08-2026highest value 10-2026: 2.7%● 0.0% vs 09-2026highest value
  • 1 of the last 3 late raises the probability
  • Founded in 2020 raises the probability for this profile
  • Sector Manufacture of furniture (NACE 31) raises the probability
  • Equity €7,029 (3.7% of total assets) raises the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 3.47 against 1.98 in 2024; short-term debt: 24.7% and cash: 7.3% of total assets), but 96.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 31, micro). Better than this share of them on solvency 19%, liquidity 46%, profitability 7%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Founded in 2020
In the bankruptcy model this factor raises the probability for this profile.
KBO
raises risk · Sector Manufacture of furniture (NACE 31)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Equity €7,029 (3.7% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
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 2025
Net result per financial year
2122232425
2021 to 2025 · latest year -€31,370
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 493 sector peers (2025).
NBB · sector comparison
Position among 493 sector peers
Solvency
better than 19%
← weakest strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
4 d early
2024
60 d late
2023
on the day
2022
20 d early
2021
5 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% 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 27 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Weakest financial yearnet -€68,560

Key points

  • Caution: Among the weakest 8% on net resultsector median €5,249 · 495 companies -€31,370 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€31,370 View
  • Total assets 20255 fiscal years filed €190,692 View

By topic

Financials

Fiscal year
2025
Total assets
€190,692
Loss
-€31,370
Solvency
3.7%
Total assets▼ 12.3%
Net result
20212025
Go to Financials

Timeline

Events
8
Since
2022
Next accounts
by 31-07-2027
  1. 27-07-2026Annual accounts filed
  2. 29-09-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Manufacture of furnitureNACE 31009
Founded
30-12-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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