TDJ
ActiveSummary
TDJ has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €988k and a net result of €308k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 75% of 4157 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+11
Solvency86▲+25
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days only on tighter terms
Liquidity ample (current ratio 1.86 against 0.58 in 2024; short-term debt: 35% and cash: 0.4% of total assets), and 38.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
61.2%
Return on assets
19.1%
Age of the figures
15 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
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €988k
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-05-2026, 95 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
95 d late
2024
28 d late
2023
7 d late
2022
23 d late
2021
119 d late
2020
2 d early
2019
137 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€0
2024 · €0
2021: €0
2022: €0
2023: €0
2024: €0
2021 → 2025
EBIT margin
Not included in this filing
Net result
€308k▲ 49.7%
2024 · €206k
2019: €178k
2020: €53k
2021: €-1.25M
2022: €324k
2023: €72k
2024: €206k
2019 → 2025
Working capital
€486k
2024 · €-465k
2019: €-865k
2020: €-1.15M
2021: €-1.26M
2022: €-800k
2023: €-591k
2024: €-465k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0€0€0€0
Equity€78k-€401k▲ 416%€473k▲ 17.9%€679k▲ 43.5%€988k▲ 45.4%
Operating result€-1.23M-€457k€177k▼ 61.4%€295k▲ 67.0%€395k▲ 34.0%
Net result€-1.25M-€324k€72k▼ 77.8%€206k▲ 187%€308k▲ 49.7%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 34% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.62M
Fixed assets
€564k ▼ 55.4%
Current assets
€1.05M ▲ 66.6%
Equity and liabilities €1.62M
Equity
€988k ▲ 45.4%
Debt
€627k ▼ 48.4%
Debt's share of the balance-sheet total falls from 64.2% to 38.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€413k▲
2024 · €306k
Cash flow
€326k▲
2024 · €217k
Current ratio
1.86▲
2024 · 0.58
Debt to equity
0.64▼
2024 · 1.79
ROE
31.2%▲
2024 · 30.3%
ROA
19.1%▲
2024 · 10.9%
Interest coverage
63.93▲
2024 · 38.64
Debt ≤ 1 year
€565k▼
2024 · €1.10M
Debt > 1 year
€63k▼
2024 · €121k
Income taxes
€87k▲
2024 · €82k
Staff costs
€316k▲
2024 · €294k
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 · 2025 against 2024 · 68 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.90M€1.62M▼
Formation expenses20€0€0=
Fixed assets21/28€1.27M€564k▼
Intangible fixed assets21€4k€0▼
Tangible fixed assets22/27€149k€64k▼
Land and buildings22€84k€0▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€56k€56k=
Other tangible fixed assets26€6k€5k▼
Financial fixed assets28€1.11M€500k▼
Current assets29/58€631k€1.05M▲
Amounts receivable within one year40/41€602k€1.02M▲
Trade receivables40€384k€435k▲
Other amounts receivable41€218k€586k▲
Current investments50/53€6-
Cash at bank and in hand54/58€7k€6k▼
Deferred charges and accrued income490/1€23k€23k▲
Equity and liabilities
Total equity and liabilities10/49€1.90M€1.62M▼
Equity10/15€679k€988k▲
Contributions10/11€657k€657k=
Capital10€657k€657k=
Issued capital100€712k€712k=
Uncalled capital101€55k€55k=
Reserves13€119k€252k▲
Non-distributable reserves130/1€48k€71k▲
Legal reserve130€48k€71k▲
Tax-exempt reserves132€0€109k▲
Distributable reserves133€71k€71k=
Profit (loss) carried forward14€-97k€79k▲
Amounts payable17/49€1.22M€627k▼
Amounts payable after more than one year17€121k€63k▼
Financial debts170/4€121k€63k▼
Amounts payable within one year42/48€1.10M€565k▼
Current portion of amounts payable after more than one year42€61k€63k▲
Financial debts43-€37
Credit institutions430/8-€37
Trade debts44€512k€303k▼
Suppliers440/4€512k€303k▼
Taxes, remuneration and social security45€133k€168k▲
Taxes450/3€99k€129k▲
Remuneration and social security454/9€34k€39k▲
Other amounts payable47/48€389k€31k▼
Accrued charges and deferred income492/3-€328
Income statement
Code20242025
Turnover70€0€0=
Goods, raw materials, services and sundry goods60/61€0€0=
Remuneration, social security and pensions62€294k€316k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€17k▲
Other operating charges640/8€7k€2k▼
Non-recurring operating charges66A-€356
Gross operating margin9900€607k€732k▲
Operating profit (loss)9901€295k€395k▲
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€5k▲
Non-recurring financial income76B-€1k
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€288k€395k▲
Income taxes67/77€82k€87k▲
Profit (loss) for the period9904€206k€308k▲
Transfer from tax-exempt reserves789€71k-
Transfer to tax-exempt reserves689-€109k
Profit (loss) for the period to be appropriated9905€277k€199k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€102k▲
Profit (loss) brought forward from the previous period14P€-303k€-97k▲
Transfer to equity691/2€71k€23k▼
To the legal reserve6920-€23k
To other reserves6921€71k-
Social balance
Average headcount (FTE)90875.05.4▲
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 95 days late
2025
30-06
Financial
Liquidity triplescurrent ratio 1.86
Current ratio from 0.58 to 1.86; short-term debt falls from €1.10M to €565k.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-06
Financial
Equity above €500kEq €679k ▲43.5%
3 profitable years in a row build equity to €679k.
07-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 7 days late
2023
23-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
30-06
Financial
Back to profitnet €324k
Net result €324k after one loss-making year.
30-06
Financial
Equity above €200kEq €401k ▲416%
Equity rises from €78k to €401k.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 119 days late
2021
30-06
Financial
Weakest financial yearnet €-1.25M ▼2436%
Net result drops to €-1.25M, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 137 days late
Show earlier events
2019
19-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
16-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 16 days late
2017
09-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Wavre · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Zénobe Gramme 23A1300 WavreGround area
4,998 m²
Building footprint
1,655 m²
Volume, LiDAR
12,661 m³
Parcel 25006A0145/00M000, Wallonia · tallest building 8.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TDJ WATCH SA
since 20102.240.831.543
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006A0145/00M000 | Wallonia | 4,998 m² | 1 · 1,654 m² | 8.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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, comparable size
CHOICE JUWELEN
BE 0454.040.667
Antwerpen · Eq €988k
GOLD CONCEPT
BE 0436.411.710
Sint-Pieters-Woluwe · Eq €984k
PALACE D'OR
BE 0560.748.882
Liège · Eq €971k
COBIMO
BE 0453.613.174
Elsene · Eq €1.01M
COLMAN ANTWERPEN
BE 0646.673.957
Antwerpen · Eq €1.03M
Of 2,017 companies in sector 47770 we hold annual accounts for 898. 530 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded09-12-2010
Fiscal year end30-06
Activities, NACEBEL 2025
47770Retail sale of watches and jewellery
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.