TDC-SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of TDC-SERVICES is 1.7% (moderate). The 2025 annual accounts show negative equity (-€44,234) and a net result of -€11,429. Equity is shrinking by ~25.4% per year across the filed fiscal years. Its solvency ranks better than 8% of 4735 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-1
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.18 against 0.13 in 2024; short-term debt: 94.7% and cash: 11% of total assets), and equity is negative.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% 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 2025Solvency, return and age of the figures
Solvency
-45.7%
Return on assets
-11.8%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€44,234
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
20 d late
2023
22 d late
2022
18 d late
2021
12 d early
2020
17 d late
2019
19 d late
← 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 8 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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 18 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 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
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€44,234▼ 34.8%
2024 · -€32,805
Total assets
€96,751▲ 46.2%
2024 · €66,183
Net result
-€11,429▼ 40.4%
2024 · -€8,140
Working capital
-€75,199▼ 22.1%
2024 · -€61,595
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,711▲ 117%-€31,546€829-€1,025-€2,284▼ 123%
Net result€7,111within the sector's middle half▲ 117%-€20,117below the sector's middle half-€4,334below the sector's middle half▲ 78.5%-€8,140below the sector's middle half▼ 87.8%-€11,429below the sector's middle half▼ 40.4%
Equity-€214below the sector's middle half▲ 97.1%-€20,331below the sector's middle half▼ 9,401%-€24,665below the sector's middle half▼ 21.3%-€32,805below the sector's middle half▼ 33.0%-€44,234below the sector's middle half▼ 34.8%
Total assets€111,714within the sector's middle half▲ 46.4%€38,560below the sector's middle half▼ 65.5%€84,727within the sector's middle half▲ 120%€66,183within the sector's middle half▼ 21.9%€96,751within the sector's middle half▲ 46.2%
Debt€111,928▲ 33.9%€58,891▼ 47.4%€109,392▲ 85.8%€98,988▼ 9.5%€140,984▲ 42.4%
Working capital-€7,638within the sector's middle half▲ 66.6%-€33,223below the sector's middle half▼ 335%-€57,039below the sector's middle half▼ 71.7%-€61,595below the sector's middle half▼ 8.0%-€75,199below the sector's middle half▼ 22.1%
Solvency-0.2%below the sector's middle half▲ 9.4pp-52.7%below the sector's middle half▼ 52.5pp-29.1%below the sector's middle half▲ 23.6pp-49.6%below the sector's middle half▼ 20.5pp-45.7%below the sector's middle half▲ 3.8pp
Current ratio0.91within the sector's middle half▲ 0.190.17below the sector's middle half▼ 0.740.17below the sector's middle half▼ 0.010.13below the sector's middle half▼ 0.030.18below the sector's middle half▲ 0.05
Return on assets (ROA)6.4%within the sector's middle half▲ 2.1pp-52.2%below the sector's middle half▼ 58.5pp-5.1%below the sector's middle half▲ 47.1pp-12.3%below the sector's middle half▼ 7.2pp-11.8%below the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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
The operating result stays negative: a loss of €2,284 in 2025 against €1,025 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €96,751
Fixed assets
€80,373 ▲ 41.8%
Current assets
€16,378 ▲ 72.3%
Equity and liabilities
Equity-€44,234
Debt€140,984
Equity is negative: debt (€140,984) exceeds the balance-sheet total (€96,751).
Key figures and ratios
EBITDA
€21,191▲
2024 · €17,587
Cash flow
€12,046▲
2024 · €10,472
Interest coverage
2.32▼
2024 · 2.45
Debt ≤ 1 year
€91,577▲
2024 · €71,102
Debt > 1 year
€49,407▲
2024 · €27,886
Income taxes
€0▼
2024 · €0
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,906 companies that looked in July 2024 the way this one looks now, 5.8% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.8%
went bankrupt
8.1%
stopped otherwise
85%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,906 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,717 | €7,140 | €10,919 | €18,612 | €23,474 | ▲ 26.1% |
| Other operating charges640/8 | €1,082 | €1,695 | €1,556 | €621 | €1,150 | ▲ 85.1% |
| Gross operating margin9900 | €25,510 | -€22,710 | €13,304 | €18,208 | €22,341 | ▲ 22.7% |
| Operating profit (loss)9901 | €21,711 | -€31,546 | €829 | -€1,025 | -€2,284 | ▼ 123% |
| Financial income75/76B | €14 | €20,400 | €25 | €52 | €0 | ▼ 100% |
| Recurring financial income75 | €14 | €400 | €25 | €52 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | €20,000 | - | - | - | - |
| Financial charges65/66B | €11,205 | €8,971 | €5,188 | €7,167 | €9,145 | ▲ 27.6% |
| Recurring financial charges65 | €8,134 | €8,971 | €5,188 | €7,167 | €9,145 | ▲ 27.6% |
| Non-recurring financial charges66B | €3,071 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €10,520 | -€20,117 | -€4,334 | -€8,140 | -€11,429 | ▼ 40.4% |
| Income taxes67/77 | €3,409 | - | €1 | €0 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €7,111 | -€20,117 | -€4,334 | -€8,140 | -€11,429 | ▼ 40.4% |
| Profit (loss) for the period to be appropriated9905 | €7,111 | -€20,117 | -€4,334 | -€8,140 | -€11,429 | ▼ 40.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €111,714 | €38,560 | €84,727 | €66,183 | €96,751 | ▲ 46.2% |
| Fixed assets21/28 | €33,460 | €31,722 | €73,438 | €56,676 | €80,373 | ▲ 41.8% |
| Tangible fixed assets22/27 | €31,906 | €31,722 | €73,438 | €56,676 | €80,373 | ▲ 41.8% |
| Plant, machinery and equipment23 | €213 | €142 | €71 | €0 | - | - |
| Furniture and vehicles24 | €31,693 | €31,580 | €73,368 | €56,676 | €80,373 | ▲ 41.8% |
| Financial fixed assets28 | €1,554 | - | - | - | - | - |
| Current assets29/58 | €78,254 | €6,839 | €11,288 | €9,506 | €16,378 | ▲ 72.3% |
| Stocks and contracts in progress3 | €37,071 | - | - | - | - | - |
| Stocks30/36 | €37,071 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €295 | €1,991 | €5,167 | €2,613 | €3,603 | ▲ 37.9% |
| Trade receivables40 | - | €350 | - | €751 | €941 | ▲ 25.3% |
| Other amounts receivable41 | €295 | €1,641 | €5,167 | €1,862 | €2,662 | ▲ 43.0% |
| Cash at bank and in hand54/58 | €4,577 | €4,120 | €4,692 | €6,894 | €10,613 | ▲ 54.0% |
| Deferred charges and accrued income490/1 | €36,311 | €727 | €1,430 | €0 | €2,162 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €111,714 | €38,560 | €84,727 | €66,183 | €96,751 | ▲ 46.2% |
| Equity10/15 | -€214 | -€20,331 | -€24,665 | -€32,805 | -€44,234 | ▼ 34.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | - | - | - | - |
| Other1109/19 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €3,788 | €3,788 | €3,788 | €3,788 | €3,788 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €1,928 | €1,928 | €3,788 | €3,788 | €3,788 | = |
| Profit (loss) carried forward14 | -€22,602 | -€42,719 | -€47,054 | -€55,194 | -€66,622 | ▼ 20.7% |
| Amounts payable17/49 | €111,928 | €58,891 | €109,392 | €98,988 | €140,984 | ▲ 42.4% |
| Amounts payable after more than one year17 | €25,286 | €18,830 | €41,065 | €27,886 | €49,407 | ▲ 77.2% |
| Financial debts170/4 | €25,286 | €18,830 | €41,065 | €27,886 | €49,407 | ▲ 77.2% |
| Amounts payable within one year42/48 | €85,892 | €40,061 | €68,327 | €71,102 | €91,577 | ▲ 28.8% |
| Current portion of amounts payable after more than one year42 | €5,918 | €6,456 | €11,974 | €13,178 | €20,946 | ▲ 58.9% |
| Financial debts43 | €62,073 | €32,709 | €30,440 | €34,201 | €37,994 | ▲ 11.1% |
| Credit institutions430/8 | €62,073 | €32,709 | €30,440 | €34,201 | €37,994 | ▲ 11.1% |
| Trade debts44 | €14,897 | €255 | €1,805 | €803 | €2,761 | ▲ 244% |
| Suppliers440/4 | €14,897 | €255 | €1,805 | €803 | €2,761 | ▲ 244% |
| Taxes, remuneration and social security45 | €1,390 | - | €502 | €502 | €50 | ▼ 90.1% |
| Taxes450/3 | €1,390 | - | €502 | €502 | €50 | ▼ 90.1% |
| Other amounts payable47/48 | €1,614 | €641 | €23,607 | €22,418 | €29,826 | ▲ 33.0% |
| Accrued charges and deferred income492/3 | €750 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,111 | -€20,117 | -€4,334 | -€8,140 | -€11,429 | ▼ 40.4% |
| + Depreciation and write-downs630 | €2,717 | €7,140 | €10,919 | €18,612 | €23,474 | ▲ 26.1% |
| Operating cash flow (approximation) | €9,828 | -€12,976 | €6,584 | €10,472 | €12,046 | ▲ 15.0% |
| Investment in fixed assets (approximation) | - | -€5,402 | -€52,635 | -€1,850 | -€47,171 | ▼ 2,450% |
| Change in cash | - | -€457 | €572 | €2,201 | €3,719 | ▲ 69.0% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
31-12
Financial
Weakest financial yearnet -€20,117
Net result drops to -€20,117, the lowest in the series; recovery starts the following year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 19 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has 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
No directors read yet: 0 of 5 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Damme · 1 establishment unit since 2007
Ground area
407 m²
Building footprint
110 m²
Volume, LiDAR
672 m³
Parcel 31026C0665/00H000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TDC-SERVICES
since 20072.163.235.503
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31026C0665/00H000 | Flanders | 407 m² | 1 · 110 m² | 10.7 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.
Similar companies · same sector and region
Rotsaert Luchthavenservice
BE 0643.498.493
Damme
West Classic Cars
BE 0743.687.716
Damme
AUTO LUC
BE 0460.082.876
Brugge
Autobus-Autocars Demuynck & Vansteelandt
BE 0413.959.376
Zwevegem
AUTOCARS MARINO VERHENNE
BE 0446.114.777
Kortrijk
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,969 companies in this sector we hold annual accounts for 2,717. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded14-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
49410Freight transport by road
52210Service activities incidental to land transportation
53200Other postal and courier activities
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890081896
Also
9925:BE0890081896
Registered
15-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.