TDH
ActiveSummary
TDH has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.65M and a net result of €434k. Equity is growing by ~19% per year across the filed fiscal years. Its solvency ranks better than 65% of 2152 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+2
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 2.6 against 2.43 in 2023; short-term debt: 17.2% and cash: 34% of total assets), and 23.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
76.3%
Return on assets
20.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
69 d early
2022
136 d early
2021
51 d early
2020
72 d early
2019
65 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.65M▲ 15.9%
2023 · €1.42M
2018: €599klowest in 7 years
2019: €657k▲ +9.8% vs 2018
2020: €849k▲ +29.2% vs 2019
2021: €1.01M▲ +19.0% vs 2020
2022: €1.21M▲ +19.5% vs 2021
2023: €1.42M▲ +17.6% vs 2022
2024: €1.65M▲ +15.9% vs 2023highest in 7 years
2018 → 2024
Total assets
€2.16M▲ 13.1%
2023 · €1.91M
2018: €1.08Mlowest in 7 years
2019: €1.31M▲ +21.1% vs 2018
2020: €1.32M▲ +1.3% vs 2019
2021: €1.46M▲ +10.2% vs 2020
2022: €1.68M▲ +14.9% vs 2021
2023: €1.91M▲ +13.7% vs 2022
2024: €2.16M▲ +13.1% vs 2023highest in 7 years
2018 → 2024
Net result
€434k▲ 21.4%
2023 · €358k
2018: €145klowest in 7 years
2019: €208k▲ +44.2% vs 2018
2020: €192k▼ -8.1% vs 2019
2021: €269k▲ +40.6% vs 2020
2022: €354k▲ +31.5% vs 2021
2023: €358k▲ +0.9% vs 2022
2024: €434k▲ +21.4% vs 2023highest in 7 years
2018 → 2024
Working capital
€594k▲ 38.7%
2023 · €428k
2018: €216k
2019: €137k▼ -36.6% vs 2018
2020: €252k▲ +83.7% vs 2019
2021: €128k▼ -49.2% vs 2020lowest in 7 years
2022: €256k▲ +101% vs 2021
2023: €428k▲ +67.0% vs 2022
2024: €594k▲ +38.7% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€849k-€1.01M▲ 19.0%€1.21M▲ 19.5%€1.42M▲ 17.6%€1.65M▲ 15.9%
2020: €849klowest in 5 years
2021: €1.01M▲ +19.0% vs 2020
2022: €1.21M▲ +19.5% vs 2021
2023: €1.42M▲ +17.6% vs 2022
2024: €1.65M▲ +15.9% vs 2023highest in 5 years
Operating result€281k-€367k▲ 30.7%€512k▲ 39.3%€524k▲ 2.3%€623k▲ 19.1%
2020: €281klowest in 5 years
2021: €367k▲ +30.7% vs 2020
2022: €512k▲ +39.3% vs 2021
2023: €524k▲ +2.3% vs 2022
2024: €623k▲ +19.1% vs 2023highest in 5 years
Net result€192k-€269k▲ 40.6%€354k▲ 31.5%€358k▲ 0.9%€434k▲ 21.4%
2020: €192klowest in 5 years
2021: €269k▲ +40.6% vs 2020
2022: €354k▲ +31.5% vs 2021
2023: €358k▲ +0.9% vs 2022
2024: €434k▲ +21.4% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 19% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.16M
Fixed assets
€1.19M ▲ 1.0%
Current assets
€966k ▲ 32.6%
Equity and liabilities €2.16M
Equity
€1.65M ▲ 15.9%
Debt
€511k ▲ 5.0%
Debt's share of the balance-sheet total falls from 25.5% to 23.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€763k▲
2023 · €654k
Cash flow
€574k▲
2023 · €488k
Current ratio
2.60▲
2023 · 2.43
Quick ratio
2.59▲
2023 · 2.42
Debt to equity
0.31▼
2023 · 0.34
ROE
26.4%▲
2023 · 25.2%
ROA
20.1%▲
2023 · 18.7%
Interest coverage
136.30▲
2023 · 88.14
Debt ≤ 1 year
€372k▲
2023 · €300k
Debt > 1 year
€139k▼
2023 · €187k
Income taxes
€199k▲
2023 · €165k
Staff costs
€157k▲
2023 · €118k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.91M€2.16M▲
Fixed assets21/28€1.18M€1.19M▲
Tangible fixed assets22/27€1.18M€1.19M▲
Land and buildings22€1.05M€1.01M▼
Plant, machinery and equipment23€71k€77k▲
Furniture and vehicles24€52k€104k▲
Other tangible fixed assets26€4k€4k=
Current assets29/58€728k€966k▲
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€104k€29k▼
Trade receivables40€104k€29k▼
Current investments50/53-€201k
Cash at bank and in hand54/58€617k€733k▲
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€1.91M€2.16M▲
Equity10/15€1.42M€1.65M▲
Contributions10/11€19k€19k=
Reserves13€1.40M€1.63M▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€1.40M€1.63M▲
Amounts payable17/49€487k€511k▲
Amounts payable after more than one year17€187k€139k▼
Financial debts170/4€187k€139k▼
Amounts payable within one year42/48€300k€372k▲
Current portion of amounts payable after more than one year42€83k€48k▼
Trade debts44€27k€70k▲
Suppliers440/4€27k€70k▲
Taxes, remuneration and social security45€58k€64k▲
Taxes450/3€43k€35k▼
Remuneration and social security454/9€15k€29k▲
Other amounts payable47/48€132k€190k▲
Income statement
Code20232024
Remuneration, social security and pensions62€118k€157k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€131k€140k▲
Other operating charges640/8€6k€5k▼
Gross operating margin9900€778k€925k▲
Operating profit (loss)9901€524k€623k▲
Financial income75/76B€6k€16k▲
Recurring financial income75€6k€16k▲
Financial charges65/66B€7k€6k▼
Recurring financial charges65€7k€6k▼
Profit (loss) for the period before taxes9903€522k€633k▲
Income taxes67/77€165k€199k▲
Profit (loss) for the period9904€358k€434k▲
Profit (loss) for the period to be appropriated9905€358k€434k▲
Appropriation of the result
Profit (loss) to be appropriated9906€358k€434k▲
Transfer from equity791/2€145k€208k▲
Transfer to equity691/2€358k€434k▲
To other reserves6921€358k€434k▲
Profit to be distributed694/7€145k€208k▲
Return on contributions (dividend)694€145k€208k▲
Social balance
Average headcount (FTE)90873.13.6▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €109k | €112k | €118k | €157k | ▲ 33.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78k | €89k | €109k | €131k | €140k | ▲ 7.0% |
| Other operating charges640/8 | - | €4k | €12k | €6k | €5k | ▼ 17.6% |
| Gross operating margin9900 | €431k | €569k | €745k | €778k | €925k | ▲ 18.9% |
| Operating profit (loss)9901 | €281k | €367k | €512k | €524k | €623k | ▲ 19.1% |
| Financial income75/76B | - | €16k | €10 | €6k | €16k | ▲ 163% |
| Recurring financial income75 | €3 | €5k | €10 | €6k | €16k | ▲ 163% |
| Non-recurring financial income76B | - | €11k | - | - | - | - |
| Financial charges65/66B | - | €10k | €10k | €7k | €6k | ▼ 24.6% |
| Recurring financial charges65 | €11k | €10k | €10k | €7k | €6k | ▼ 24.6% |
| Profit (loss) for the period before taxes9903 | €270k | €373k | €502k | €522k | €633k | ▲ 21.3% |
| Income taxes67/77 | €78k | €104k | €148k | €165k | €199k | ▲ 21.1% |
| Profit (loss) for the period9904 | €192k | €269k | €354k | €358k | €434k | ▲ 21.4% |
| Transfer from tax-exempt reserves789 | - | €19k | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €192k | €288k | €354k | €358k | €434k | ▲ 21.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.32M | €1.46M | €1.68M | €1.91M | €2.16M | ▲ 13.1% |
| Fixed assets21/28 | €921k | €1.13M | €1.22M | €1.18M | €1.19M | ▲ 1.0% |
| Tangible fixed assets22/27 | €921k | €1.13M | €1.22M | €1.18M | €1.19M | ▲ 1.0% |
| Land and buildings22 | - | €1.06M | €1.10M | €1.05M | €1.01M | ▼ 4.4% |
| Plant, machinery and equipment23 | - | €43k | €91k | €71k | €77k | ▲ 9.0% |
| Furniture and vehicles24 | - | €30k | €28k | €52k | €104k | ▲ 101% |
| Other tangible fixed assets26 | - | - | - | €4k | €4k | = |
| Current assets29/58 | €403k | €328k | €457k | €728k | €966k | ▲ 32.6% |
| Stocks and contracts in progress3 | €3k | €3k | €3k | €3k | €3k | = |
| Stocks30/36 | - | €3k | €3k | €3k | €3k | = |
| Amounts receivable within one year40/41 | €9k | €15k | €29k | €104k | €29k | ▼ 72.2% |
| Trade receivables40 | - | €15k | - | €104k | €29k | ▼ 72.2% |
| Other amounts receivable41 | - | - | €29k | - | - | - |
| Current investments50/53 | €7k | €7k | €7k | - | €201k | - |
| Cash at bank and in hand54/58 | €384k | €303k | €415k | €617k | €733k | ▲ 18.8% |
| Deferred charges and accrued income490/1 | - | - | €3k | €4k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.32M | €1.46M | €1.68M | €1.91M | €2.16M | ▲ 13.1% |
| Equity10/15 | €849k | €1.01M | €1.21M | €1.42M | €1.65M | ▲ 15.9% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €830k | €992k | €1.19M | €1.40M | €1.63M | ▲ 16.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | €990k | €1.19M | €1.40M | €1.63M | ▲ 16.3% |
| Amounts payable17/49 | €476k | €449k | €471k | €487k | €511k | ▲ 5.0% |
| Amounts payable after more than one year17 | €324k | €249k | €270k | €187k | €139k | ▼ 25.5% |
| Financial debts170/4 | - | €249k | €270k | €187k | €139k | ▼ 25.5% |
| Amounts payable within one year42/48 | €151k | €200k | €201k | €300k | €372k | ▲ 24.0% |
| Current portion of amounts payable after more than one year42 | - | €75k | €88k | €83k | €48k | ▼ 42.2% |
| Trade debts44 | €15k | €3k | €8k | €27k | €70k | ▲ 158% |
| Suppliers440/4 | - | €3k | €8k | €27k | €70k | ▲ 158% |
| Taxes, remuneration and social security45 | - | €25k | €28k | €58k | €64k | ▲ 9.5% |
| Taxes450/3 | - | €14k | €14k | €43k | €35k | ▼ 19.1% |
| Remuneration and social security454/9 | - | €12k | €15k | €15k | €29k | ▲ 89.3% |
| Other amounts payable47/48 | - | €97k | €77k | €132k | €190k | ▲ 44.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €192k | €269k | €354k | €358k | €434k | ▲ 21.4% |
| + Depreciation and write-downs630 | €78k | €89k | €109k | €131k | €140k | ▲ 7.0% |
| Operating cash flow (approximation) | €270k | €358k | €463k | €488k | €574k | ▲ 17.6% |
| Investment in fixed assets (approximation) | - | €-300k | €-198k | €-89k | €-152k | ▼ 70.1% |
| Change in cash | - | €-82k | €112k | €202k | €116k | ▼ 42.6% |
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
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €434k ▲21.4%
Operating result €623k, net result €434k, both a record.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1MEq €1.01M ▲19%
4 profitable years in a row build equity to €1.01M.
20-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 2 establishment units since 2007
Ground area
1,123 m²
Building footprint
526 m²
Volume, LiDAR
9,562 m³
2 parcels, Flanders · tallest building 27.2 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
TDH
since 20072.163.953.303
TDH bvba
since 20172.270.153.653
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44011B0385/00V007 | Flanders | 804 m² | 1 · 404 m² | 27.2 m · 8 fl. |
| 44809I0589/00E005 | Flanders | 319 m² | 1 · 122 m² | 11.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,942 companies in sector 86230 we hold annual accounts for 4,293. 2,351 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
Founded03-10-2005
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
Contact
E-mail
v.demeersseman@telenet.be
Phone
093388203
Scores and ratios are computed by Checked and are not a credit decision.