TDHC
ActiveSummary
TDHC has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €102k. Equity is shrinking by ~36% per year across the filed fiscal years. Its solvency ranks better than 13% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency30▼-1
Growth58=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
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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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
5.2%
Return on assets
94.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 13%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
32 d early
2024
38 d early
2023
34 d early
2022
33 d early
2021
25 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 26.0%
2024 · €8k
Total assets
€108k▼ 12.9%
2024 · €124k
Net result
€102k▼ 5.7%
2024 · €108k
Working capital
€4k▲ 62.0%
2024 · €2k
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€33k-€105k▲ 221%€125k▲ 19.4%€140k▲ 11.7%€132k▼ 5.6%
Net result€26k-€82k▲ 218%€98k▲ 18.8%€108k▲ 10.9%€102k▼ 5.7%
Equity€31k-€111k▲ 261%€207k▲ 86.2%€8k▼ 96.3%€6k▼ 26.0%
Total assets€40k-€123k▲ 206%€222k▲ 80.3%€124k▼ 44.1%€108k▼ 12.9%
Debt€9k-€12k▲ 27.0%€15k▲ 25.1%€117k▲ 680%€103k▼ 12.1%
Working capital€27k-€107k▲ 288%€197k▲ 84.9%€2k▼ 98.9%€4k▲ 62.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108k
Fixed assets
€2k ▼ 58.3%
Current assets
€106k ▼ 10.7%
Equity and liabilities €108k
Equity
€6k ▼ 26.0%
Debt
€103k ▼ 12.1%
Debt's share of the balance-sheet total rises from 93.9% to 94.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€136k▼
2024 · €145k
Cash flow
€105k▼
2024 · €113k
Current ratio
1.03▲
2024 · 1.02
Debt to equity
18.26▲
2024 · 15.36
ROA
94.3%▲
2024 · 87.1%
Interest coverage
2511.99▼
2024 · 2680.67
Debt ≤ 1 year
€102k▼
2024 · €116k
Income taxes
€31k▼
2024 · €32k
A ratio outside any meaningful range has been withheld (balance sheet total €108k, equity €6k).
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €422 | €2k | €3k | €5k | €3k | ▼ 26.8% |
| Other operating charges640/8 | €115 | €358 | €621 | €598 | €369 | ▼ 38.3% |
| Gross operating margin9900 | €33k | €107k | €129k | €145k | €136k | ▼ 6.4% |
| Operating profit (loss)9901 | €33k | €105k | €125k | €140k | €132k | ▼ 5.6% |
| Financial income75/76B | - | - | - | - | €569 | - |
| Recurring financial income75 | - | - | - | - | €569 | - |
| Financial charges65/66B | - | €113 | €93 | €54 | €54 | = |
| Recurring financial charges65 | - | €113 | €93 | €54 | €54 | = |
| Profit (loss) for the period before taxes9903 | €33k | €105k | €125k | €140k | €133k | ▼ 5.2% |
| Income taxes67/77 | €7k | €23k | €28k | €32k | €31k | ▼ 3.5% |
| Profit (loss) for the period9904 | €26k | €82k | €98k | €108k | €102k | ▼ 5.7% |
| Profit (loss) for the period to be appropriated9905 | €26k | €82k | €98k | €108k | €102k | ▼ 5.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €40k | €123k | €222k | €124k | €108k | ▼ 12.9% |
| Fixed assets21/28 | €3k | €5k | €10k | €6k | €2k | ▼ 58.3% |
| Tangible fixed assets22/27 | €3k | €5k | €10k | €6k | €2k | ▼ 58.3% |
| Furniture and vehicles24 | €3k | €5k | €10k | €6k | €2k | ▼ 58.3% |
| Current assets29/58 | €37k | €119k | €212k | €118k | €106k | ▼ 10.7% |
| Amounts receivable within one year40/41 | €18k | €19k | €19k | €30k | €31k | ▲ 2.6% |
| Trade receivables40 | €18k | €19k | €19k | €30k | €31k | ▲ 2.6% |
| Current investments50/53 | - | - | - | €25k | €25k | = |
| Cash at bank and in hand54/58 | €17k | €98k | €191k | €60k | €47k | ▼ 22.3% |
| Deferred charges and accrued income490/1 | €2k | €2k | €3k | €3k | €3k | ▼ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €40k | €123k | €222k | €124k | €108k | ▼ 12.9% |
| Equity10/15 | €31k | €111k | €207k | €8k | €6k | ▼ 26.0% |
| Contributions10/11 | €5k | €5k | €5k | €5k | €5k | = |
| Reserves13 | €26k | €106k | €202k | €3k | €614 | ▼ 76.3% |
| Distributable reserves133 | €26k | €106k | €202k | €3k | €614 | ▼ 76.3% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €9k | €12k | €15k | €117k | €103k | ▼ 12.1% |
| Amounts payable within one year42/48 | €9k | €12k | €15k | €116k | €102k | ▼ 12.1% |
| Trade debts44 | €232 | €3k | €465 | €2k | €1,000 | ▼ 54.0% |
| Suppliers440/4 | €232 | €3k | €465 | €2k | €1,000 | ▼ 54.0% |
| Taxes, remuneration and social security45 | €8k | €6k | €13k | €6k | €8k | ▲ 53.5% |
| Taxes450/3 | €8k | €6k | €13k | €4k | €6k | ▲ 84.0% |
| Remuneration and social security454/9 | - | - | - | €2k | €2k | = |
| Other amounts payable47/48 | €1k | €2k | €2k | €109k | €93k | ▼ 14.6% |
| Accrued charges and deferred income492/3 | - | - | - | €325 | €325 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €82k | €98k | €108k | €102k | ▼ 5.7% |
| + Depreciation and write-downs630 | €422 | €2k | €3k | €5k | €3k | ▼ 26.8% |
| Operating cash flow (approximation) | €26k | €84k | €101k | €113k | €105k | ▼ 6.6% |
| Investment in fixed assets (approximation) | - | €-3k | €-9k | €0 | €0 | - |
| Change in cash | - | €81k | €93k | €-131k | €-13k | ▲ 89.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
State Gazette act
Incorporation · Founder
Founding capital · Bank account
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €108k ▲10.9%
Operating result €140k, net result €108k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €207k ▲86.2%
3 profitable years in a row build equity to €207k.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 9.91
Current ratio from 3.92 to 9.91.
31-12
Financial
Equity above €100kEq €111k ▲261%
2 profitable years in a row build equity to €111k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB 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, Kortrijk · 1 establishment unit since 2021
Ground area
441 m²
Building footprint
114 m²
Parcel 34353B0139/00Z004, Flanders. Linked by address, not a title deed.
1 establishment unit
TDHC
since 20212.318.916.840
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0139/00Z004 | Flanders | 441 m² | 1 · 114 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.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 16,671 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
Founded28-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.