TDGC
ActiveSummary
TDGC has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167,020 and a net result of €42,099. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 33% of 14173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency35▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.03 against 0.03 in 2024; short-term debt: 53.8% and cash: 1.3% of total assets), and 89.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
10.5%
Return on assets
2.6%
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 01-06-2026, 60 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
60 d early
2024
2 d early
2023
on the day
2022
153 d early
2021
146 d early
2020
80 d early
2019
101 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 77 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€167,020▲ 33.7%
2024 · €124,921
Total assets
€1.6m▼ 4.5%
2024 · €1.7m
Net result
€42,099▲ 24.7%
2024 · €33,769
Working capital
-€828,227▼ 3.5%
2024 · -€800,472
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€75,515▲ 244%€21,686▼ 71.3%€25,241▲ 16.4%€55,634▲ 120%€71,588▲ 28.7%
Net result€59,142▲ 1,607%€2,676▼ 95.5%€5,083▲ 90.0%€33,769▲ 564%€42,099▲ 24.7%
Equity€83,393▲ 244%€86,068▲ 3.2%€91,152▲ 5.9%€124,921▲ 37.0%€167,020▲ 33.7%
Total assets€1.6m▲ 18.7%€1.8m▲ 8.6%€1.7m▼ 1.0%€1.7m▼ 4.3%€1.6m▼ 4.5%
Debt€1.5m▲ 14.6%€1.7m▲ 8.9%€1.6m▼ 1.3%€1.5m▼ 6.5%€1.4m▼ 7.6%
Working capital-€520,053▼ 9.3%-€661,625▼ 27.2%-€772,766▼ 16.8%-€800,472▼ 3.6%-€828,227▼ 3.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 29% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.6m ▼ 4.7%
Current assets
€29,015 ▲ 8.9%
Equity and liabilities €1.6m
Equity
€167,020 ▲ 33.7%
Debt
€1.4m ▼ 7.6%
Debt's share of the balance-sheet total falls from 92.5% to 89.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€148,541▲
2024 · €132,890
Cash flow
€119,051▲
2024 · €111,026
Current ratio
0.03▲
2024 · 0.03
Debt to equity
8.53▼
2024 · 12.34
ROE
25.2%▼
2024 · 27.0%
ROA
2.6%▲
2024 · 2.0%
Interest coverage
9.93▲
2024 · 7.48
Debt ≤ 1 year
€857,242▲
2024 · €827,109
Debt > 1 year
€565,249▼
2024 · €710,091
Income taxes
€14,541▲
2024 · €4,101
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €1,350 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60,211 | €70,334 | €75,497 | €77,256 | €76,953 | ▼ 0.4% |
| Other operating charges640/8 | - | €12,526 | €13,152 | €14,920 | €13,367 | ▼ 10.4% |
| Non-recurring operating charges66A | - | €2,398 | €0 | - | - | - |
| Gross operating margin9900 | €146,922 | €106,945 | €113,890 | €147,810 | €161,908 | ▲ 9.5% |
| Operating profit (loss)9901 | €75,515 | €21,686 | €25,241 | €55,634 | €71,588 | ▲ 28.7% |
| Financial income75/76B | - | €118 | €9 | €0 | €11 | ▲ 53,400% |
| Recurring financial income75 | €176 | €118 | €9 | €0 | €11 | ▲ 53,400% |
| Financial charges65/66B | - | €19,129 | €20,164 | €17,763 | €14,959 | ▼ 15.8% |
| Recurring financial charges65 | €16,549 | €19,129 | €20,164 | €17,763 | €14,959 | ▼ 15.8% |
| Profit (loss) for the period before taxes9903 | €59,142 | €2,676 | €5,086 | €37,871 | €56,640 | ▲ 49.6% |
| Income taxes67/77 | - | - | €3 | €4,101 | €14,541 | ▲ 255% |
| Profit (loss) for the period9904 | €59,142 | €2,676 | €5,083 | €33,769 | €42,099 | ▲ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €59,142 | €2,676 | €5,083 | €33,769 | €42,099 | ▲ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.8m | €1.7m | €1.7m | €1.6m | ▼ 4.5% |
| Fixed assets21/28 | €1.5m | €1.7m | €1.7m | €1.6m | €1.6m | ▼ 4.7% |
| Tangible fixed assets22/27 | €1.5m | €1.7m | €1.7m | €1.6m | €1.6m | ▼ 4.7% |
| Land and buildings22 | - | €1.7m | €1.7m | €1.6m | €1.6m | ▼ 4.7% |
| Furniture and vehicles24 | - | €697 | €304 | €0 | - | - |
| Current assets29/58 | €116,227 | €47,914 | €23,512 | €26,637 | €29,015 | ▲ 8.9% |
| Amounts receivable within one year40/41 | €42,756 | €10,108 | €95 | €1,013 | - | - |
| Trade receivables40 | - | €10,108 | €95 | €1,013 | - | - |
| Other amounts receivable41 | - | €0 | - | - | - | - |
| Current investments50/53 | €50,009 | €3,000 | €1 | €1 | €1 | = |
| Cash at bank and in hand54/58 | €19,704 | €22,826 | €16,064 | €17,981 | €20,028 | ▲ 11.4% |
| Deferred charges and accrued income490/1 | - | €11,981 | €7,351 | €7,641 | €8,986 | ▲ 17.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.8m | €1.7m | €1.7m | €1.6m | ▼ 4.5% |
| Equity10/15 | €83,393 | €86,068 | €91,152 | €124,921 | €167,020 | ▲ 33.7% |
| Contributions10/11 | - | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Profit (loss) carried forward14 | €8,393 | €11,068 | €16,152 | €49,921 | €92,020 | ▲ 84.3% |
| Amounts payable17/49 | €1.5m | €1.7m | €1.6m | €1.5m | €1.4m | ▼ 7.6% |
| Amounts payable after more than one year17 | €896,252 | €958,432 | €851,841 | €710,091 | €565,249 | ▼ 20.4% |
| Financial debts170/4 | - | €940,457 | €836,126 | €694,036 | €549,189 | ▼ 20.9% |
| Other amounts payable178/9 | - | €17,975 | €15,715 | €16,055 | €16,060 | = |
| Amounts payable within one year42/48 | €636,280 | €709,539 | €796,278 | €827,109 | €857,242 | ▲ 3.6% |
| Current portion of amounts payable after more than one year42 | - | €128,861 | €139,395 | €142,090 | €144,847 | ▲ 1.9% |
| Trade debts44 | €5,164 | €4,935 | €4,368 | €1,133 | €1,892 | ▲ 67.0% |
| Suppliers440/4 | - | €4,935 | €4,368 | €1,133 | €1,892 | ▲ 67.0% |
| Taxes, remuneration and social security45 | - | €2,201 | €0 | €4,101 | €4,943 | ▲ 20.5% |
| Taxes450/3 | - | €2,201 | €0 | €4,101 | €4,943 | ▲ 20.5% |
| Other amounts payable47/48 | - | €573,543 | €652,514 | €679,785 | €705,560 | ▲ 3.8% |
| Accrued charges and deferred income492/3 | - | €3,716 | €1,401 | €4,419 | €2,454 | ▼ 44.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,142 | €2,676 | €5,083 | €33,769 | €42,099 | ▲ 24.7% |
| + Depreciation and write-downs630 | €60,211 | €70,334 | €75,497 | €77,256 | €76,953 | ▼ 0.4% |
| Operating cash flow (approximation) | €119,353 | €73,010 | €80,581 | €111,026 | €119,051 | ▲ 7.2% |
| Investment in fixed assets (approximation) | - | -€277,254 | -€82,815 | €0 | €0 | - |
| Change in cash | - | €3,121 | -€6,762 | €1,917 | €2,047 | ▲ 6.7% |
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
27-08
State Gazette act
Reappointment: Thierry DE LOOK (director)2 facts ▸
State Gazette act
Reappointment: Thierry DE LOOK (director)
2 facts ▸
- General meeting, 29-05-2026
- Director reappointment, Thierry DE LOOK (director)
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €150,000Eq €167,020 ▲33.7%
6 profitable years in a row build equity to €167,020.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €124,921 ▲37%
5 profitable years in a row build equity to €124,921.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €59,142 ▲1,607%
Operating result €75,515, net result €59,142, both a record.
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3,464
Net result €3,464 after 2 loss-making years.
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
15-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Thierry DE LOOK
CurrentDirector · since 29-05-2026
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
9 of this company's 10 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, Esneux · 1 establishment unit since 2015
Ground area
2,707 m²
Building footprint
88 m²
Parcel 62032A0879/00X002, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TDGC
since 20152.246.349.358
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62032A0879/00X002 | Wallonia | 2,707 m² | 1 · 88 m² | - |
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
1 person since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Thierry DE LOOK |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 9,143 companies in sector 68201 we hold annual accounts for 6,769. 4,689 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
Founded03-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.