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TD-PROJECTS

Active
Private limited companyfounded 20232 yrs activeSchapenstraat 18/B, 3583 Beringen, BelgiumKBO/BCE: BE 1003.729.076
Summary

The computed 12-month bankruptcy probability of TD-PROJECTS is 2.7% (moderate). The 2025 annual accounts show equity of €97,051 and a net result of -€17,620. Its solvency ranks better than 60% of 28254 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability6▼-94
Solvency81▼-19
Growth32
Track record82
Bankruptcy probability, 12 months
2.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 5.99 against 5.28 in 2024; short-term debt: 7.8% and cash: 20.1% of total assets), and 43.8% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
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 →
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 2025
Solvency, return and age of the figures
Solvency
56.2%
Return on assets
-10.2%
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 04-07-2026, 27 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
27 d early
2024
13 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 7 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.
Companies Code · seven months
Position in the running window
28-09-2026 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

History

TD-PROJECTS was incorporated on 21 December 2023 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€97,051▼ 15.4%
2024 · €114,671
Total assets
€172,683▲ 22.3%
2024 · €141,151
Net result
-€17,620
2024 · €112,504
Working capital
€67,072▼ 40.7%
2024 · €113,161
Trend over the years

Click a name to add, emphasise or remove a line.Band: 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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€154,307--€14,713
Net result€112,504above the sector's middle half--€17,620below the sector's middle half
Equity€114,671within the sector's middle half-€97,051within the sector's middle half▼ 15.4%
Total assets€141,151within the sector's middle half-€172,683within the sector's middle half▲ 22.3%
Debt€26,480-€75,632▲ 186%
Working capital€113,161above the sector's middle half-€67,072within the sector's middle half▼ 40.7%
Solvency81.2%above the sector's middle half-56.2%within the sector's middle half▼ 25.0pp
Current ratio5.28above the sector's middle half-5.99above the sector's middle half▲ 0.70
Return on assets (ROA)79.7%above the sector's middle half--10.2%below the sector's middle half▼ 89.9pp
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
-€50,000€0€50,000€100,000€150,000Operating result 2024: €154,307€154,307Net result 2024: €112,504€112,504Operating result 2025: -€14,713-€14,713Net result 2025: -€17,620-€17,62020242025-€50,000€0€50,000€100,000€150,000Operating result 2024: €154,307€154,000Net result 2024: €112,504€113,000Operating result 2025: -€14,713-€14,700Net result 2025: -€17,620-€17,60020242025
The operating result turns negative in 2025: a loss of €14,713 after €154,307 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €172,683
Fixed assets €92,164 ▲ 5,749%
Current assets €80,519 ▼ 42.3%
Equity and liabilities €172,683
Equity €97,051 ▼ 15.4%
Debt €75,632 ▲ 186%
Debt's share of the balance-sheet total rises from 18.8% to 43.8%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€12,169▼
2024 · €154,687
Cash flow
-€15,076▼
2024 · €112,884
Debt to equity
0.78▲
2024 · 0.23
ROE
-18.2%▼
2024 · 98.1%
Interest coverage
-3.81▼
2024 · 62.75
Debt ≤ 1 year
€13,447▼
2024 · €26,415
Debt > 1 year
€62,185
Income taxes
€267▼
2024 · €39,338
Staff costs
€1,920
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,227 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.9% went bankrupt
8.6% stopped otherwise
87% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 3,227 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€141,151€172,683▲
Fixed assets21/28€1,576€92,164▲
Tangible fixed assets22/27€1,576€92,164▲
Plant, machinery and equipment23€1,576€1,185▼
Furniture and vehicles24-€88,792
Other tangible fixed assets26-€2,187
Current assets29/58€139,576€80,519▼
Amounts receivable after more than one year29-€18,047
Other amounts receivable291-€18,047
Amounts receivable within one year40/41€49,244€26,260▼
Trade receivables40€49,244€20,800▼
Other amounts receivable41-€5,460
Cash at bank and in hand54/58€90,331€34,666▼
Deferred charges and accrued income490/1-€1,547
Equity and liabilities
Total equity and liabilities10/49€141,151€172,683▲
Equity10/15€114,671€97,051▼
Contributions10/11€3,000€3,000=
Reserves13€50,000€50,000=
Distributable reserves133€50,000€50,000=
Profit (loss) carried forward14€61,671€44,051▼
Amounts payable17/49€26,480€75,632▲
Amounts payable after more than one year17-€62,185
Financial debts170/4-€62,185
Amounts payable within one year42/48€26,415€13,447▼
Current portion of amounts payable after more than one year42-€10,124
Trade debts44€4,867€3,016▼
Suppliers440/4€4,867€3,016▼
Taxes, remuneration and social security45€20,434€267▼
Taxes450/3€20,434€267▼
Other amounts payable47/48€1,114€40▼
Accrued charges and deferred income492/3€65-
Income statement Code20242025
Remuneration, social security and pensions62-€1,920
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€380€2,544▲
Other operating charges640/8€1,859€1,410▼
Gross operating margin9900€156,546-€8,840▼
Operating profit (loss)9901€154,307-€14,713▼
Financial income75/76B-€558
Recurring financial income75-€558
Financial charges65/66B€2,465€3,198▲
Recurring financial charges65€2,465€3,198▲
Profit (loss) for the period before taxes9903€151,842-€17,353▼
Income taxes67/77€39,338€267▼
Profit (loss) for the period9904€112,504-€17,620▼
Profit (loss) for the period to be appropriated9905€112,504-€17,620▼
Appropriation of the result
Profit (loss) to be appropriated9906€112,504€44,051▼
Profit (loss) brought forward from the previous period14P-€61,671
Transfer to equity691/2€50,000-
To other reserves6921€50,000-
Profit to be distributed694/7€833-
Return on contributions (dividend)694€833-

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62-€1,920-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€380€2,544▲ 570%
Other operating charges640/8€1,859€1,410▼ 24.2%
Gross operating margin9900€156,546-€8,840▼ 106%
Operating profit (loss)9901€154,307-€14,713▼ 110%
Financial income75/76B-€558-
Recurring financial income75-€558-
Financial charges65/66B€2,465€3,198▲ 29.7%
Recurring financial charges65€2,465€3,198▲ 29.7%
Profit (loss) for the period before taxes9903€151,842-€17,353▼ 111%
Income taxes67/77€39,338€267▼ 99.3%
Profit (loss) for the period9904€112,504-€17,620▼ 116%
Profit (loss) for the period to be appropriated9905€112,504-€17,620▼ 116%
Line20242025Change
Assets
Total assets20/58€141,151€172,683▲ 22.3%
Fixed assets21/28€1,576€92,164▲ 5,749%
Tangible fixed assets22/27€1,576€92,164▲ 5,749%
Plant, machinery and equipment23€1,576€1,185▼ 24.8%
Furniture and vehicles24-€88,792-
Other tangible fixed assets26-€2,187-
Current assets29/58€139,576€80,519▼ 42.3%
Amounts receivable after more than one year29-€18,047-
Other amounts receivable291-€18,047-
Amounts receivable within one year40/41€49,244€26,260▼ 46.7%
Trade receivables40€49,244€20,800▼ 57.8%
Other amounts receivable41-€5,460-
Cash at bank and in hand54/58€90,331€34,666▼ 61.6%
Deferred charges and accrued income490/1-€1,547-
Equity and liabilities
Total equity and liabilities10/49€141,151€172,683▲ 22.3%
Equity10/15€114,671€97,051▼ 15.4%
Contributions10/11€3,000€3,000=
Reserves13€50,000€50,000=
Distributable reserves133€50,000€50,000=
Profit (loss) carried forward14€61,671€44,051▼ 28.6%
Amounts payable17/49€26,480€75,632▲ 186%
Amounts payable after more than one year17-€62,185-
Financial debts170/4-€62,185-
Amounts payable within one year42/48€26,415€13,447▼ 49.1%
Current portion of amounts payable after more than one year42-€10,124-
Trade debts44€4,867€3,016▼ 38.0%
Suppliers440/4€4,867€3,016▼ 38.0%
Taxes, remuneration and social security45€20,434€267▼ 98.7%
Taxes450/3€20,434€267▼ 98.7%
Other amounts payable47/48€1,114€40▼ 96.4%
Accrued charges and deferred income492/3€65--
Line20242025Change
Profit (loss) for the period9904€112,504-€17,620▼ 116%
+ Depreciation and write-downs630€380€2,544▲ 570%
Operating cash flow (approximation)€112,884-€15,076▼ 113%
Investment in fixed assets (approximation)--€93,132-
Change in cash--€55,665-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
13-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
NBB filing
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, Beringen · 1 establishment unit since 2023
seat establishment approximate The establishment unit on the map
Ground area
1,554 m²
Building footprint
193 m²
Volume, LiDAR
954 m³
Parcel 71049B1453/00T002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TD-PROJECTS
Schapenstraat 18/B, 3583 BeringenManufacture of electrical equipment
since 20232.353.556.629
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71049B1453/00T002indicative Flanders 1,554 m² 1 · 193 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
0 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

Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,804 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
Founded21-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
33140Repair and maintenance of electrical equipment
43212Electrical installation work in industrial facilities
47521Retail sale of hardware, building materials, paint and glass (general range)
77221Rental and leasing activities
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003729076
Registered 03-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.