Equity
Equity rose in 2025 from €44,319 to €170,043.
Equity rose in 2025 from €44,319 to €170,043.
The micro format states no turnover.
Short-term debts fell from €596,367 to €131,245.
Four of the last ten came late. The 2025 accounts came latest: 28 days after the end of the period.
Higher net result than 93% of companies in real estate. Sector median €5,986 · 17,185 companies.
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 63% of them on solvency, 87% on liquidity, 95% on profitability and 96% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as TDLV CONSULT has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of TDLV CONSULT itself: < 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for TDLV CONSULT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.04 (1.03 in 2024), above the usual 1.5. Short-term debt is 37.7% and cash 46.9% of total assets. However, 51.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 3 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TDLV CONSULT Forest | €348,129 | €221,671 | 48.8% | - |
| Ingénierie de la Construction & Stabilité Kraainem | €310,092 | €153,028 | 21.6% | - |
| ATLAS IMMO Jette | €283,974 | €227,480 | 41.3% | - |
| EMSA IMMO Anderlecht | €258,124 | €164,015 | 36.5% | - |
| JASON PROJECTS Keerbergen | €367,085 | €143,136 | 32.8% | - |
| VERLIMMO Schoten | €378,941 | €142,511 | 21.7% | - |
| JMCF INVEST Lasne | €456,381 | €173,497 | 9.9% | - |
These companies have the same main activity as TDLV CONSULT: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €258,000 and €456,000, founded between 2006 and 2010.
TDLV CONSULT files the micro format. That format states no turnover. The gross margin rose from -€19,904 in 2009 to €221,671 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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