Summary
TAD has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €826,593 and a net result of €125,554. Equity is growing by ~22.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 8115 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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 · 5 filingsDeviation from the deadline
2025
11 d late
2024
5 d late
2023
26 d late
2022
29 d late
2021
51 d late
← 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 24 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€826,593▲ 17.9%
2024 · €701,039
Total assets
€1.1m▲ 7.6%
2024 · €1.0m
Net result
€125,554▼ 17.5%
2024 · €152,213
Working capital
-€145,921▲ 34.5%
2024 · -€222,737
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€8,673--€4,535▲ 47.7%-€10,304▼ 127%€5,175€93,256▲ 1,702%
Net result€33,752above the sector's middle half-€35,855above the sector's middle half▲ 6.2%€127,969above the sector's middle half▲ 257%€152,213above the sector's middle half▲ 18.9%€125,554within the sector's middle half▼ 17.5%
Equity€385,002above the sector's middle half-€420,856above the sector's middle half▲ 9.3%€548,826above the sector's middle half▲ 30.4%€701,039above the sector's middle half▲ 27.7%€826,593within the sector's middle half▲ 17.9%
Total assets€1.0mabove the sector's middle half-€1.0mabove the sector's middle half▲ 0.7%€1.0mabove the sector's middle half▼ 0.3%€1.0mabove the sector's middle half▲ 0.2%€1.1mwithin the sector's middle half▲ 7.6%
Debt€656,274-€627,655▼ 4.4%€496,511▼ 20.9%€346,812▼ 30.2%€300,430▼ 13.4%
Working capital-€401,778--€415,189▼ 3.3%-€326,083▲ 21.5%-€222,737▲ 31.7%-€145,921▲ 34.5%
Solvency37.0%within the sector's middle half-40.1%within the sector's middle half▲ 3.2pp52.5%within the sector's middle half▲ 12.4pp66.9%within the sector's middle half▲ 14.4pp73.3%above the sector's middle half▲ 6.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,702% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.0m ▲ 0.2%
Current assets
€84,912 ▲ 1,000%
Equity and liabilities €1.1m
Equity
€826,593 ▲ 17.9%
Debt
€300,430 ▼ 13.4%
Debt's share of the balance-sheet total falls from 33.1% to 26.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
15.2%▼
2024 · 21.7%
ROA
11.1%▼
2024 · 14.5%
Debt ≤ 1 year
€230,833▲
2024 · €230,454
Debt > 1 year
€69,598▼
2024 · €116,357
Income taxes
€15,774
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €632 | €765 | €765 | €765 | €616 | ▼ 19.4% |
| Other operating charges640/8 | €715 | €348 | €960 | - | €1,966 | - |
| Gross operating margin9900 | -€7,326 | -€3,422 | -€8,579 | €5,940 | €95,838 | ▲ 1,513% |
| Operating profit (loss)9901 | -€8,673 | -€4,535 | -€10,304 | €5,175 | €93,256 | ▲ 1,702% |
| Financial income75/76B | €50,006 | €50,000 | €135,000 | €150,000 | €50,000 | ▼ 66.7% |
| Recurring financial income75 | €50,006 | €50,000 | €125,000 | €150,000 | €50,000 | ▼ 66.7% |
| Non-recurring financial income76B | - | - | €10,000 | - | - | - |
| Financial charges65/66B | €7,581 | €3,444 | €2,893 | €2,962 | €1,927 | ▼ 34.9% |
| Recurring financial charges65 | €7,581 | €3,444 | €2,893 | €2,962 | €1,927 | ▼ 34.9% |
| Profit (loss) for the period before taxes9903 | €33,752 | €42,021 | €121,803 | €152,213 | €141,328 | ▼ 7.2% |
| Income taxes67/77 | - | €6,167 | -€6,167 | - | €15,774 | - |
| Profit (loss) for the period9904 | €33,752 | €35,855 | €127,969 | €152,213 | €125,554 | ▼ 17.5% |
| Profit (loss) for the period to be appropriated9905 | €33,752 | €35,855 | €127,969 | €152,213 | €125,554 | ▼ 17.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 7.6% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | ▲ 0.2% |
| Tangible fixed assets22/27 | €2,428 | €1,663 | €898 | €133 | €2,112 | ▲ 1,488% |
| Furniture and vehicles24 | €2,428 | €1,663 | €898 | €133 | €2,112 | ▲ 1,488% |
| Financial fixed assets28 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Current assets29/58 | €1,348 | €4,348 | €6,939 | €7,717 | €84,912 | ▲ 1,000% |
| Amounts receivable within one year40/41 | €384 | €662 | €3,979 | €3,000 | €84,000 | ▲ 2,700% |
| Trade receivables40 | - | - | €3,064 | €3,000 | €11,500 | ▲ 283% |
| Other amounts receivable41 | €384 | €662 | €916 | - | €72,500 | - |
| Cash at bank and in hand54/58 | €964 | €3,686 | €2,959 | €4,717 | €912 | ▼ 80.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.0m | €1.0m | €1.0m | €1.1m | ▲ 7.6% |
| Equity10/15 | €385,002 | €420,856 | €548,826 | €701,039 | €826,593 | ▲ 17.9% |
| Contributions10/11 | €351,250 | €351,250 | €351,250 | €351,250 | €351,250 | = |
| Profit (loss) carried forward14 | €33,752 | €69,606 | €197,576 | €349,789 | €475,343 | ▲ 35.9% |
| Amounts payable17/49 | €656,274 | €627,655 | €496,511 | €346,812 | €300,430 | ▼ 13.4% |
| Amounts payable after more than one year17 | €253,148 | €208,117 | €162,529 | €116,357 | €69,598 | ▼ 40.2% |
| Financial debts170/4 | €253,148 | €208,117 | €162,529 | €116,357 | €69,598 | ▼ 40.2% |
| Amounts payable within one year42/48 | €403,126 | €419,537 | €333,022 | €230,454 | €230,833 | ▲ 0.2% |
| Current portion of amounts payable after more than one year42 | €44,476 | €45,030 | €45,589 | €46,172 | €46,760 | ▲ 1.3% |
| Trade debts44 | - | €348 | €16,098 | - | €2,017 | - |
| Suppliers440/4 | - | €348 | €16,098 | - | €2,017 | - |
| Taxes, remuneration and social security45 | - | €6,167 | - | €1,056 | €35,334 | ▲ 3,246% |
| Taxes450/3 | - | €6,167 | - | €1,056 | €35,334 | ▲ 3,246% |
| Other amounts payable47/48 | €358,650 | €367,993 | €271,336 | €183,227 | €146,723 | ▼ 19.9% |
| Accrued charges and deferred income492/3 | - | - | €960 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,752 | €35,855 | €127,969 | €152,213 | €125,554 | ▼ 17.5% |
| + Depreciation and write-downs630 | €632 | €765 | €765 | €765 | €616 | ▼ 19.4% |
| Operating cash flow (approximation) | €34,384 | €36,620 | €128,734 | €152,978 | €126,171 | ▼ 17.5% |
| Investment in fixed assets (approximation) | - | -€5,000 | €5,000 | -€2,500 | -€2,595 | ▼ 3.8% |
| Change in cash | - | €2,722 | -€727 | €1,758 | -€3,805 | ▼ 316% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 11 days late
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 5 days late
2024
31-12
Financial
Highest result since 2021net €152,213 ▲18.9%
Net result €152,213, the highest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Equity above €500,000Eq €548,826 ▲30.4%
3 profitable years in a row build equity to €548,826.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
20-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Neupré · 1 establishment unit since 2020
Ground area
3,421 m²
Building footprint
298 m²
Volume, LiDAR
2,222 m³
Parcel 62081D0103/00G000, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TAD
since 20202.310.754.883
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62081D0103/00G000 | Wallonia | 3,421 m² | 1 · 298 m² | 9.9 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 6,146 companies in sector 46190 we hold annual accounts for 2,576. 1,297 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
Founded15-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
46180Agents specialised in the wholesale of other particular products
46900Non-specialised wholesale trade
52100Warehousing and storage
52249Warehousing and support activities for transportation
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759826239
Registered
06-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.