TDE Technologies
Open bankruptcyFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 23-10-2024 PDF all 31 filings
Turnover
€775,074
EBIT margin
4.9%
Net result
-€8,119▲ 95.1%
2023 · -€164,857
Working capital
-€383,171=
2023 · -€383,097
Multi-year overview
2019 to 2024, 6 financial yearsTurnover
no figure
2024
20192024
Operating result
€8,564
2024
20192024
Net result
-€8,119
▲ 95.1%
2024
lowest quarter of the sector
20192024
EBIT margin
no figure
2024
20192024
Equity
-€369,158
▼ 2.2%
2024
lowest quarter of the sector
20192024
Total assets
€152,234
▼ 0.6%
2024
lowest quarter of the sector
20192024
Debt
€521,391
▲ 1.4%
2024
20192024
Working capital
-€383,171
=
2024
lowest quarter of the sector
20192024
Solvency
-242.5%
▼ 6.7pp
2024
lowest quarter of the sector
20192024
Current ratio
0.27
▲ 0.01
2024
lowest quarter of the sector
20192024
Return on assets (ROA)
-5.3%
▲ 102.3pp
2024
lowest quarter of the sector
20192024
Staff (FTE)
5.3
▼ 7.0%
2024
middle half of the sector
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Turnover€775,074
Operating result€73,131-€43,016▼ 41.2%€37,979▼ 11.7%-€53,198-€125,903▼ 137%€8,564
Net result€61,474-€26,091within the sector's middle half▼ 57.6%€17,752within the sector's middle half▼ 32.0%-€61,790below the sector's middle half-€164,857below the sector's middle half▼ 167%-€8,119below the sector's middle half▲ 95.1%
EBIT margin4.9%
Equity-€178,235--€152,143below the sector's middle half▲ 14.6%-€134,391below the sector's middle half▲ 11.7%-€196,181below the sector's middle half▼ 46.0%-€361,038below the sector's middle half▼ 84.0%-€369,158below the sector's middle half▼ 2.2%
Total assets€338,021-€333,393within the sector's middle half▼ 1.4%€316,844within the sector's middle half▼ 5.0%€230,835below the sector's middle half▼ 27.1%€153,115below the sector's middle half▼ 33.7%€152,234below the sector's middle half▼ 0.6%
Debt€516,255-€485,536▼ 6.0%€451,235▼ 7.1%€427,016▼ 5.4%€514,153▲ 20.4%€521,391▲ 1.4%
Working capital-€221,045--€196,217below the sector's middle half▲ 11.2%-€170,234below the sector's middle half▲ 13.2%-€224,096below the sector's middle half▼ 31.6%-€383,097below the sector's middle half▼ 71.0%-€383,171below the sector's middle half=
Solvency-52.7%--45.6%below the sector's middle half▲ 7.1pp-42.4%below the sector's middle half▲ 3.2pp-85.0%below the sector's middle half▼ 42.6pp-235.8%below the sector's middle half▼ 150.8pp-242.5%below the sector's middle half▼ 6.7pp
Current ratio0.57-0.60below the sector's middle half▲ 0.020.62below the sector's middle half▲ 0.030.48below the sector's middle half▼ 0.150.25below the sector's middle half▼ 0.220.27below the sector's middle half▲ 0.01
Return on assets (ROA)18.2%-7.8%within the sector's middle half▼ 10.4pp5.6%within the sector's middle half▼ 2.2pp-26.8%below the sector's middle half▼ 32.4pp-107.7%below the sector's middle half▼ 80.9pp-5.3%below the sector's middle half▲ 102.3pp
Staff (FTE)12.2-13.1above the sector's middle half▲ 7.4%11.1above the sector's middle half▼ 15.3%8.2within the sector's middle half▼ 26.1%5.7within the sector's middle half▼ 30.5%5.3within the sector's middle half▼ 7.0%
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a profit of €8,564, after a loss of €125,903 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €152,234
Fixed assets
€14,013 ▼ 36.5%
Current assets
€138,220 ▲ 5.5%
Equity and liabilities
Equity-€369,158
Debt€521,391
Equity is negative. Debt (€521,391) exceeds the balance-sheet total (€152,234).
Key figures and ratios
EBITDA
€17,270▲
2023 · -€117,778
Cash flow
€586▲
2023 · -€156,732
Interest coverage
1.04▲
2023 · -16.60
Debt ≤ 1 year
€521,391▲
2023 · €514,153
Staff costs
€330,520▼
2023 · €453,630
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Employees at the balance-sheet date | 7 | 6 | 6 |
| full-time | 5 | 4 | 4 |
| part-time | 2 | 2 | 2 |
| in full-time equivalents | 6.3 | 5.3 | 5.3 |
| Average over the year, in full-time equivalents | 8.2 | 5.7 | 5.3 |
| On a permanent contract | 7 | 6 | 6 |
| Joined | 2 | 0 | - |
| Left | 6 | 1 | - |
Source: social balance sheet in the 2022 to 2024 annual accounts
Investments
| Item | 30-06-2022 | 30-06-2023 | 30-06-2024 |
|---|---|---|---|
| Tangible fixed assets | - | €2,269 | €660 |
| Depreciation and write-downs of the year | €7,928 | €8,125 | €8,706 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €2,847 awarded · €2,847 paidAnnual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €775,074 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €486,191 | €453,630 | €330,520 | ▼ 27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,193 | €8,230 | €8,230 | €7,928 | €8,125 | €8,706 | ▲ 7.1% |
| Other operating charges640/8 | - | - | - | €855 | €895 | €965 | ▲ 7.8% |
| Gross operating margin9900 | €701,178 | €754,800 | €628,743 | €441,775 | €336,747 | €348,754 | ▲ 3.6% |
| Operating profit (loss)9901 | €73,131 | €43,016 | €37,979 | -€53,198 | -€125,903 | €8,564 | - |
| Financial income75/76B | - | - | - | €0 | - | - | - |
| Recurring financial income75 | €11 | €0 | €0 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €8,592 | €29,880 | €16,684 | ▼ 44.2% |
| Recurring financial charges65 | €11,076 | €9,839 | €9,043 | €8,592 | €7,094 | €16,684 | ▲ 135% |
| Non-recurring financial charges66B | - | - | - | - | €22,786 | - | - |
| Profit (loss) for the period before taxes9903 | €62,066 | €33,178 | €28,937 | -€61,790 | -€155,783 | -€8,119 | ▲ 94.8% |
| Income taxes67/77 | €593 | €7,086 | €11,185 | - | €9,074 | - | - |
| Profit (loss) for the period9904 | €61,474 | €26,091 | €17,752 | -€61,790 | -€164,857 | -€8,119 | ▲ 95.1% |
| Profit (loss) for the period to be appropriated9905 | €61,474 | €26,091 | €17,752 | -€61,790 | -€164,857 | -€8,119 | ▲ 95.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €338,021 | €333,393 | €316,844 | €230,835 | €153,115 | €152,234 | ▼ 0.6% |
| Fixed assets21/28 | €42,810 | €44,073 | €35,843 | €27,915 | €22,059 | €14,013 | ▼ 36.5% |
| Intangible fixed assets21 | €42,206 | €36,177 | €30,147 | €24,118 | €18,088 | €12,059 | ▼ 33.3% |
| Tangible fixed assets22/27 | €604 | €7,897 | €5,696 | €3,797 | €3,970 | €1,955 | ▼ 50.8% |
| Plant, machinery and equipment23 | - | - | - | - | €2,072 | €1,955 | ▼ 5.7% |
| Furniture and vehicles24 | - | - | - | €3,797 | €1,899 | - | - |
| Current assets29/58 | €295,210 | €289,319 | €281,001 | €202,920 | €131,056 | €138,220 | ▲ 5.5% |
| Amounts receivable within one year40/41 | €186,695 | €126,568 | €109,079 | €74,328 | €60,721 | €66,034 | ▲ 8.7% |
| Trade receivables40 | - | - | - | €74,328 | €60,721 | €66,034 | ▲ 8.7% |
| Current investments50/53 | €29,955 | €29,955 | €29,955 | €29,955 | €29,955 | €29,370 | ▼ 2.0% |
| Cash at bank and in hand54/58 | €78,561 | €129,264 | €138,647 | €95,547 | €36,829 | €41,367 | ▲ 12.3% |
| Deferred charges and accrued income490/1 | - | - | - | €3,090 | €3,551 | €1,449 | ▼ 59.2% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €338,021 | €333,393 | €316,844 | €230,835 | €153,115 | €152,234 | ▼ 0.6% |
| Equity10/15 | -€178,235 | -€152,143 | -€134,391 | -€196,181 | -€361,038 | -€369,158 | ▼ 2.2% |
| Contributions10/11 | €23,550 | €23,550 | - | €23,550 | €23,550 | €23,550 | = |
| Reserves13 | €67,944 | €67,944 | €67,944 | €67,944 | €67,944 | €67,944 | = |
| Non-distributable reserves130/1 | - | - | - | €2,355 | €2,355 | - | - |
| Reserves not available under the articles1311 | - | - | - | €2,355 | €2,355 | - | - |
| Distributable reserves133 | - | - | - | €65,589 | €65,589 | €67,944 | ▲ 3.6% |
| Profit (loss) carried forward14 | -€269,728 | -€243,637 | -€225,885 | -€287,675 | -€452,532 | -€460,651 | ▼ 1.8% |
| Amounts payable17/49 | €516,255 | €485,536 | €451,235 | €427,016 | €514,153 | €521,391 | ▲ 1.4% |
| Amounts payable within one year42/48 | €516,255 | €485,536 | €451,235 | €427,016 | €514,153 | €521,391 | ▲ 1.4% |
| Financial debts43 | - | - | - | €250,000 | €250,000 | €250,000 | = |
| Credit institutions430/8 | - | - | - | €250,000 | €250,000 | €250,000 | = |
| Trade debts44 | €68,992 | €64,461 | €54,562 | €52,844 | €53,493 | €45,814 | ▼ 14.4% |
| Suppliers440/4 | - | - | - | €52,844 | €53,493 | €45,814 | ▼ 14.4% |
| Taxes, remuneration and social security45 | - | - | - | €31,570 | €44,557 | €39,919 | ▼ 10.4% |
| Taxes450/3 | - | - | - | €21,114 | €24,060 | €13,317 | ▼ 44.7% |
| Remuneration and social security454/9 | - | - | - | €10,456 | €20,497 | €26,602 | ▲ 29.8% |
| Other amounts payable47/48 | - | - | - | €92,602 | €166,103 | €185,658 | ▲ 11.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,474 | €26,091 | €17,752 | -€61,790 | -€164,857 | -€8,119 | ▲ 95.1% |
| + Depreciation and write-downs630 | €7,193 | €8,230 | €8,230 | €7,928 | €8,125 | €8,706 | ▲ 7.1% |
| Operating cash flow (approximation) | €68,666 | €34,322 | €25,982 | -€53,862 | -€156,732 | €586 | - |
| Investment in fixed assets (approximation) | - | -€9,493 | €0 | €0 | -€2,269 | -€660 | ▲ 70.9% |
| Change in cash | - | €50,703 | €9,383 | -€43,100 | -€58,718 | €4,539 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2024 | abbreviated format | 23-10-2024 | 2024-00512182 | |
| 30-06-2023 | abbreviated format | 16-11-2023 | 2023-00512222 | |
| 30-06-2022 | abbreviated format | 24-01-2023 | 2023-00002223 | |
| 30-06-2021 | abbreviated format | 25-01-2022 | 2022-01700445 | |
| 30-06-2020 | abbreviated format | 26-01-2021 | 2021-01800202 | |
| 30-06-2019 | abbreviated format | 25-01-2020 | 2020-02200361 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-03900227 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-03700057 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03200562 | |
| 30-06-2015 | abbreviated format | 29-01-2016 | 2016-03300050 |