TDC PROJECTS
ActiveSummary
TDC PROJECTS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €148,515 and a net result of €6,451. Equity is growing by ~32.8% per year across the filed fiscal years. Its solvency ranks better than 36% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability50▼-26
Solvency58▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 1.52 against 1.6 in 2024; short-term debt: 24.8% and cash: 12.5% of total assets), but 67.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
32.6%
Return on assets
1.4%
Age of the figures
12 mo
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 07-05-2026, 7 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
7 d late
2024
13 d early
2023
22 d early
2022
6 d early
2021
2 d early
2020
4 d early
2019
3 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 6 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€148,515▲ 4.5%
2024 · €142,064
Total assets
€455,320▲ 1.3%
2024 · €449,489
Net result
€6,451▼ 76.0%
2024 · €26,856
Working capital
€58,207▲ 3.0%
2024 · €56,529
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€29,777▲ 14.9%€31,600▲ 6.1%€46,260▲ 46.4%€42,805▼ 7.5%€16,927▼ 60.5%
Net result€16,325▲ 38.5%€17,904▲ 9.7%€28,022▲ 56.5%€26,856▼ 4.2%€6,451▼ 76.0%
Equity€61,814▲ 35.9%€78,119▲ 26.4%€104,474▲ 33.7%€142,064▲ 36.0%€148,515▲ 4.5%
Total assets€400,244▲ 2.2%€415,541▲ 3.8%€444,878▲ 7.1%€449,489▲ 1.0%€455,320▲ 1.3%
Debt€338,429▼ 2.3%€337,422▼ 0.3%€340,404▲ 0.9%€307,425▼ 9.7%€306,805▼ 0.2%
Working capital€20,959▲ 105%-€928€22,186€56,529▲ 155%€58,207▲ 3.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 60% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €455,320
Fixed assets
€284,329 ▼ 4.6%
Current assets
€170,991 ▲ 12.9%
Equity and liabilities €455,320
Equity
€148,515 ▲ 4.5%
Debt
€306,805 ▼ 0.2%
Debt's share of the balance-sheet total falls from 68.4% to 67.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30,647▼
2024 · €56,526
Cash flow
€20,172▼
2024 · €40,577
Current ratio
1.52▼
2024 · 1.60
Debt to equity
2.07▼
2024 · 2.16
ROE
4.3%▼
2024 · 18.9%
ROA
1.4%▼
2024 · 6.0%
Interest coverage
3.48▼
2024 · 6.58
Debt ≤ 1 year
€112,784▲
2024 · €94,910
Debt > 1 year
€188,581▼
2024 · €207,466
Income taxes
€2,759▼
2024 · €10,177
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,040 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
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 0.3% 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 497,058 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% | 1.6% |
| 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 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 6,040 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 | - | - | - | €922 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,467 | €14,433 | €13,895 | €13,721 | €13,721 | = |
| Other operating charges640/8 | €1,503 | €1,267 | €2,178 | €2,140 | €2,112 | ▼ 1.3% |
| Gross operating margin9900 | €42,748 | €47,300 | €62,333 | €58,666 | €32,759 | ▼ 44.2% |
| Operating profit (loss)9901 | €29,777 | €31,600 | €46,260 | €42,805 | €16,927 | ▼ 60.5% |
| Financial income75/76B | €0 | - | €574 | €2,821 | €1,092 | ▼ 61.3% |
| Recurring financial income75 | €0 | - | €574 | €2,821 | €1,092 | ▼ 61.3% |
| Financial charges65/66B | €8,037 | €6,328 | €7,290 | €8,593 | €8,808 | ▲ 2.5% |
| Recurring financial charges65 | €8,037 | €6,328 | €7,290 | €8,593 | €8,808 | ▲ 2.5% |
| Profit (loss) for the period before taxes9903 | €21,740 | €25,272 | €39,544 | €37,032 | €9,211 | ▼ 75.1% |
| Income taxes67/77 | €5,415 | €7,368 | €11,523 | €10,177 | €2,759 | ▼ 72.9% |
| Profit (loss) for the period9904 | €16,325 | €17,904 | €28,022 | €26,856 | €6,451 | ▼ 76.0% |
| Profit (loss) for the period to be appropriated9905 | €16,325 | €17,904 | €28,022 | €26,856 | €6,451 | ▼ 76.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €400,244 | €415,541 | €444,878 | €449,489 | €455,320 | ▲ 1.3% |
| Fixed assets21/28 | €303,320 | €325,666 | €311,771 | €298,050 | €284,329 | ▼ 4.6% |
| Tangible fixed assets22/27 | €303,320 | €325,666 | €311,771 | €298,050 | €284,329 | ▼ 4.6% |
| Land and buildings22 | €301,035 | €306,806 | €297,276 | €287,921 | €278,565 | ▼ 3.2% |
| Furniture and vehicles24 | - | €18,860 | €14,495 | €10,130 | €5,764 | ▼ 43.1% |
| Other tangible fixed assets26 | €2,286 | - | - | - | - | - |
| Current assets29/58 | €96,923 | €89,875 | €133,107 | €151,439 | €170,991 | ▲ 12.9% |
| Amounts receivable within one year40/41 | €113 | €1,010 | €12,265 | €11,316 | €13,459 | ▲ 18.9% |
| Trade receivables40 | €24 | - | €7,792 | €6,753 | €6,978 | ▲ 3.3% |
| Other amounts receivable41 | €89 | €1,010 | €4,472 | €4,562 | €6,482 | ▲ 42.1% |
| Current investments50/53 | - | €87,791 | €118,101 | €138,955 | €100,000 | ▼ 28.0% |
| Cash at bank and in hand54/58 | €96,652 | €804 | €2,148 | €470 | €56,900 | ▲ 12,012% |
| Deferred charges and accrued income490/1 | €158 | €270 | €594 | €699 | €632 | ▼ 9.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €400,244 | €415,541 | €444,878 | €449,489 | €455,320 | ▲ 1.3% |
| Equity10/15 | €61,814 | €78,119 | €104,474 | €142,064 | €148,515 | ▲ 4.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | €55,614 | €71,860 | €98,274 | €123,464 | €129,915 | ▲ 5.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €53,754 | €70,000 | €96,414 | €123,464 | €129,915 | ▲ 5.2% |
| Profit (loss) carried forward14 | - | €59 | - | - | €0 | - |
| Amounts payable17/49 | €338,429 | €337,422 | €340,404 | €307,425 | €306,805 | ▼ 0.2% |
| Amounts payable after more than one year17 | €262,465 | €244,399 | €226,074 | €207,466 | €188,581 | ▼ 9.1% |
| Financial debts170/4 | €262,465 | €244,399 | €226,074 | €207,466 | €188,581 | ▼ 9.1% |
| Amounts payable within one year42/48 | €75,964 | €90,803 | €110,921 | €94,910 | €112,784 | ▲ 18.8% |
| Current portion of amounts payable after more than one year42 | €17,800 | €18,065 | €18,325 | €18,608 | €18,885 | ▲ 1.5% |
| Trade debts44 | €361 | €509 | €2,556 | €558 | €3,438 | ▲ 516% |
| Suppliers440/4 | €361 | €509 | €2,556 | €558 | €3,438 | ▲ 516% |
| Taxes, remuneration and social security45 | €9,560 | €11,640 | €16,305 | €4,438 | €3,205 | ▼ 27.8% |
| Taxes450/3 | €8,655 | €11,640 | €16,305 | €4,438 | €3,205 | ▼ 27.8% |
| Remuneration and social security454/9 | €905 | - | - | - | - | - |
| Other amounts payable47/48 | €48,244 | €60,589 | €73,735 | €71,306 | €87,255 | ▲ 22.4% |
| Accrued charges and deferred income492/3 | - | €2,220 | €3,408 | €5,048 | €5,440 | ▲ 7.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,325 | €17,904 | €28,022 | €26,856 | €6,451 | ▼ 76.0% |
| + Depreciation and write-downs630 | €11,467 | €14,433 | €13,895 | €13,721 | €13,721 | = |
| Operating cash flow (approximation) | €27,793 | €32,338 | €41,917 | €40,577 | €20,172 | ▼ 50.3% |
| Investment in fixed assets (approximation) | - | -€36,779 | €0 | €0 | €0 | - |
| Change in cash | - | -€95,848 | €1,344 | -€1,678 | €56,430 | ▲ 3,463% |
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
07-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
30-09
Financial
Weakest financial yearnet €6,451 ▼76%
Net result drops to €6,451, the lowest in the series.
17-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €28,022 ▲56.5%
Operating result €46,260, net result €28,022, both a record.
30-09
Financial
Equity above €100,000Eq €104,474 ▲33.7%
6 profitable years in a row build equity to €104,474.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
10-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Waregem · 1 establishment unit since 2016
Ground area
1,665 m²
Building footprint
351 m²
Volume, LiDAR
2,089 m³
Parcel 34035B0190/00F002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TDC PROJECTS
since 20162.251.110.375
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035B0190/00F002 | Flanders | 1,665 m² | 1 · 350 m² | 9.1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 6,168 EUR awarded · 6,168 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,168 EUR | 6,168 EUR |
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Of 11,219 companies in sector 82100 we hold annual accounts for 3,509. 2,566 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
Founded10-02-2016
Fiscal year end30-09
Activities, NACEBEL 2025
82100Office administrative and support services
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0647979893
Also
9925:BE0647979893
Registered
10-12-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.