TDC
ActiveSummary
TDC has been active since 1961 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of -€183,771. Equity is shrinking by ~31.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+3
Solvency52▲+31
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75,000 at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.23 in 2024; short-term debt: 9.7% and cash: 2.4% of total assets), but 73.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
26.7%
Return on assets
-3.7%
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
38 d early
2023
37 d early
2022
40 d early
2021
41 d early
2020
45 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 41 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 21 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€1.3m
2024 · -€166,486
Total assets
€5.0m▲ 6.2%
2024 · €4.7m
Net result
-€183,771▲ 16.8%
2024 · -€220,833
Working capital
€336,216▲ 228%
2024 · €102,510
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€25,563▲ 90.9%-€124,776▼ 388%-€218,152▼ 74.8%-€140,459▲ 35.6%-€76,721▲ 45.4%
Net result-€58,268▲ 82.2%-€197,268▼ 239%-€286,982▼ 45.5%-€220,833▲ 23.0%-€183,771▲ 16.8%
Equity€538,597▼ 9.8%€341,329▼ 36.6%€54,347▼ 84.1%-€166,486€1.3m
Total assets€4.1m▲ 6.7%€4.2m▲ 2.0%€4.2m▲ 0.7%€4.7m▲ 11.6%€5.0m▲ 6.2%
Debt€3.5m▲ 9.9%€3.8m▲ 8.0%€4.1m▲ 8.4%€4.9m▲ 17.3%€3.6m▼ 24.9%
Working capital-€22,719▲ 86.6%-€65,978▼ 190%-€419,452▼ 536%€102,510€336,216▲ 228%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €76,721 in 2025 against €140,459 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.0m
Fixed assets
€4.2m ▲ 0.4%
Current assets
€823,223 ▲ 50.2%
Equity and liabilities €5.0m
Equity
€1.3m
Provisions
€17,026
Debt
€3.6m
Debt finances 72.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€27,091▲
2024 · -€48,867
Cash flow
-€79,959▲
2024 · -€129,240
Current ratio
1.69▲
2024 · 1.23
Quick ratio
0.26▼
2024 · 0.36
Debt to equity
2.73▲
2024 · -29.17
ROE
-13.7%
ROA
-3.7%▲
2024 · -4.7%
Interest coverage
0.25▲
2024 · -0.59
Debt ≤ 1 year
€487,007▲
2024 · €445,498
Debt > 1 year
€3.2m▼
2024 · €4.4m
Income taxes
€3,455▲
2024 · €1,743
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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%.
| 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 2,508 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 | €64,182 | €108,119 | €173,719 | €136,197 | €86,868 | ▼ 36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,009 | €82,183 | €89,502 | €91,593 | €103,812 | ▲ 13.3% |
| Other operating charges640/8 | €81,665 | €83,816 | €227,874 | €93,994 | €22,177 | ▼ 76.4% |
| Non-recurring operating charges66A | - | - | - | €26,809 | - | - |
| Gross operating margin9900 | €137,112 | €41,224 | €99,224 | €71,936 | €49,268 | ▼ 31.5% |
| Operating profit (loss)9901 | -€25,563 | -€124,776 | -€218,152 | -€140,459 | -€76,721 | ▲ 45.4% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | €34,558 | €35,889 | €70,665 | €82,166 | €107,130 | ▲ 30.4% |
| Recurring financial charges65 | €34,558 | €35,889 | €70,665 | €82,166 | €107,130 | ▲ 30.4% |
| Profit (loss) for the period before taxes9903 | -€60,121 | -€160,665 | -€288,817 | -€222,626 | -€183,851 | ▲ 17.4% |
| Transfer from deferred taxes780 | €3,536 | €3,536 | €3,536 | €3,536 | €3,536 | = |
| Income taxes67/77 | €1,682 | €40,139 | €1,701 | €1,743 | €3,455 | ▲ 98.2% |
| Profit (loss) for the period9904 | -€58,268 | -€197,268 | -€286,982 | -€220,833 | -€183,771 | ▲ 16.8% |
| Transfer from tax-exempt reserves789 | €10,607 | €10,607 | €10,607 | €10,607 | €10,607 | = |
| Profit (loss) for the period to be appropriated9905 | -€47,661 | -€186,662 | -€276,375 | -€210,226 | -€173,164 | ▲ 17.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.1m | €4.2m | €4.2m | €4.7m | €5.0m | ▲ 6.2% |
| Fixed assets21/28 | €3.9m | €4.0m | €4.1m | €4.2m | €4.2m | ▲ 0.4% |
| Tangible fixed assets22/27 | €3.9m | €4.0m | €4.1m | €4.2m | €4.2m | ▲ 0.4% |
| Land and buildings22 | €1.8m | €1.8m | €2.0m | €1.9m | €1.9m | ▲ 0.3% |
| Plant, machinery and equipment23 | €423 | - | - | - | - | - |
| Furniture and vehicles24 | €767 | €560 | €354 | €7,415 | €7,226 | ▼ 2.6% |
| Other tangible fixed assets26 | €2.0m | €2.1m | €2.2m | €2.2m | €2.2m | ▲ 0.4% |
| Assets under construction and advance payments27 | €37,950 | €128,184 | - | - | - | - |
| Financial fixed assets28 | €780 | €780 | €780 | - | - | - |
| Current assets29/58 | €246,698 | €180,366 | €97,105 | €548,008 | €823,223 | ▲ 50.2% |
| Stocks and contracts in progress3 | - | - | - | €387,321 | €695,323 | ▲ 79.5% |
| Stocks30/36 | - | - | - | €387,321 | €695,323 | ▲ 79.5% |
| Amounts receivable within one year40/41 | €153,129 | €1,425 | €1,891 | - | - | - |
| Trade receivables40 | €153,129 | €1,425 | €1,891 | - | - | - |
| Cash at bank and in hand54/58 | €87,314 | €174,067 | €89,811 | €154,968 | €122,526 | ▼ 20.9% |
| Deferred charges and accrued income490/1 | €6,255 | €4,875 | €5,403 | €5,718 | €5,374 | ▼ 6.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.1m | €4.2m | €4.2m | €4.7m | €5.0m | ▲ 6.2% |
| Equity10/15 | €538,597 | €341,329 | €54,347 | -€166,486 | €1.3m | ▲ 904% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €1.8m | ▲ 2,723% |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €1.8m | ▲ 2,723% |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €1.8m | ▲ 2,723% |
| Reserves13 | €840,585 | €829,978 | €819,371 | €808,764 | €798,158 | ▼ 1.3% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | €93,505 | €82,898 | €72,291 | €61,685 | €51,078 | ▼ 17.2% |
| Distributable reserves133 | €740,880 | €740,880 | €740,880 | €740,880 | €740,880 | = |
| Profit (loss) carried forward14 | -€363,987 | -€550,649 | -€827,024 | -€1.0m | -€1.2m | ▼ 16.7% |
| Provisions and deferred taxes16 | €31,168 | €27,633 | €24,097 | €20,562 | €17,026 | ▼ 17.2% |
| Deferred taxes168 | €31,168 | €27,633 | €24,097 | €20,562 | €17,026 | ▼ 17.2% |
| Amounts payable17/49 | €3.5m | €3.8m | €4.1m | €4.9m | €3.6m | ▼ 24.9% |
| Amounts payable after more than one year17 | €3.3m | €3.5m | €3.6m | €4.4m | €3.2m | ▼ 28.4% |
| Financial debts170/4 | €3.3m | €3.5m | €3.6m | €4.4m | €3.2m | ▼ 28.4% |
| Amounts payable within one year42/48 | €269,417 | €246,344 | €516,557 | €445,498 | €487,007 | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | €197,211 | €198,530 | €199,832 | €201,197 | €192,825 | ▼ 4.2% |
| Trade debts44 | €10,114 | €14,825 | €152,086 | €17,403 | €22,771 | ▲ 30.8% |
| Suppliers440/4 | €10,114 | €14,825 | €152,086 | €17,403 | €22,771 | ▲ 30.8% |
| Taxes, remuneration and social security45 | €3,364 | €3,368 | €1,701 | €1,743 | €3,455 | ▲ 98.2% |
| Taxes450/3 | €3,364 | €3,368 | €1,701 | €1,743 | €3,455 | ▲ 98.2% |
| Other amounts payable47/48 | €58,728 | €29,620 | €162,938 | €225,154 | €267,956 | ▲ 19.0% |
| Accrued charges and deferred income492/3 | €1,803 | €69,476 | €1,527 | €1,383 | €4,297 | ▲ 211% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€58,268 | -€197,268 | -€286,982 | -€220,833 | -€183,771 | ▲ 16.8% |
| + Depreciation and write-downs630 | €81,009 | €82,183 | €89,502 | €91,593 | €103,812 | ▲ 13.3% |
| Operating cash flow (approximation) | €22,742 | -€115,085 | -€197,480 | -€129,240 | -€79,959 | ▲ 38.1% |
| Investment in fixed assets (approximation) | - | -€231,280 | -€202,177 | -€131,421 | -€120,389 | ▲ 8.4% |
| Change in cash | - | €86,752 | -€84,256 | €65,157 | -€32,442 | ▼ 150% |
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
14-08
State Gazette act
Reappointments: Felix BOULEZ, Betty CUYKX and Patricia BOULEZBoard rule · Shareholding7 facts ▸
State Gazette act
Reappointments: Felix BOULEZ, Betty CUYKX and Patricia BOULEZ
Board rule · Shareholding7 facts ▸
- General meeting, 22-05-2026
- Board meeting, 22-05-2026
- Board rule, 3, behouden
- Director reappointment, Felix BOULEZ (bestuurder,gedelegeerd bestuurder en voorzitter van de raad van bestuur)
- Director reappointment, Betty CUYKX (director)
- Director reappointment, Patricia BOULEZ (director)
- Shareholding, artikelen 2:8 § 4 en 2:12 van het Wetboek van Vennootschappen en Verenigingen, Raad van Bestuur van de Vennootschap
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €1mEq €1.3m
Equity rises from -€166,486 to €1.3m.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 7current ratio 1.23
Current ratio from 0.19 to 1.23; short-term debt falls from €516,557 to €445,498.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€326,933
Net result drops to -€326,933, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
under verification, last change in 2026
This board is reconstructed from a single act (26104513). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
Betty CUYKX
CurrentDirector · since 22-05-2026
Felix BOULEZ
CurrentBestuurder,gedelegeerd bestuurder en voorzitter van de raad van bestuur · since 22-05-2026
Patricia BOULEZ
CurrentDirector · since 22-05-2026
Day-to-day management 1
Felix BOULEZ
CurrentBestuurder,gedelegeerd bestuurder en voorzitter van de raad van bestuur · since 22-05-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
7 of this company's 8 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Sint-Truiden · 1 establishment unit since 2002
Ground area
4,813 m²
Building footprint
794 m²
Volume, LiDAR
3,591 m³
Parcel 71352C0759/00C002, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Hasseltsesteenweg 180, 3800 Sint-Truiden
since 20022.005.694.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352C0759/00C002 | Flanders | 4,813 m² | 1 · 794 m² | 10.9 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.
Mandate history
3 people since 2026, 3 in office
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Betty CUYKX |
|
| Felix BOULEZ |
|
| Patricia BOULEZ |
|
Structure & network
Owners and holdings
1 ownerChain of control
- BETONAC HOLDING
- TDC
Highest known parent: BETONAC HOLDING. The sources do not say who stands above it.
Owners 1
- BETONAC HOLDINGparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Shareholders according to the acts
Stated in the act
act of 14-08-2026 ↗
- enige aandeelhouder all shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Identification & contact
Identification
Legal formPublic limited company
Founded11-08-1961
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0401090446
Also
9925:BE0401090446
Registered
21-10-2025
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.