Checked.be
Active
BE 0650.913.055Private limited company
TDM Logistics
Krekelendries 30 ·1700 Dilbeek, Belgium· 10 yrs active
Sector: Logistics services
(52250)
Conclusion
TDM Logistics has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €159k and a net result of €72k. Equity is growing by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 902 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €159k |
| Net result | €72k |
| Better than sector | 30% |
| Active | 10 yrs |
Financial profile
69
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
51
Profitability
100
Solvency
14
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2016, 10 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
51
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€8k
estimate, not credit advice
Score history
36
2021
51
2022
36
2023
44
2024
51
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.08 (< 1.0)
-10
Quick ratio
Quick ratio 0.08 (< 0.6)
-5
Leverage
Debt/equity 3.98 (> 3.0)
-10
Profitability
ROE 45% (≥ 10%)
+10
Interest coverage
Interest coverage 30.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 28-08-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~13.5%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 52, Warehousing and support activities for transportation · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 20.1% | 43.5% | |
| Net result | €72k | €12k | |
| Equity | €159k | €60k | |
| Gross operating margin | €140k | €46k | |
| Total assets | €791k | €181k |
€137k
+252.2%
21-25
€72k
+1591.3%
21-25
€107k
+231.4%
21-25
€791k
+41.6%
21-25
€159k
+82.8%
21-25
€-342k
-127.3%
21-25
€25k
+1508.5%
21-25
€632k
+34.0%
21-25
€373k
+103.2%
21-25
€259k
-9.6%
21-25
0.08
-54.0%
21-25
0.08
-54.0%
21-25
20.1%
+29.1%
21-25
3.98
-26.7%
21-25
45.3%
+825.4%
21-25
9.1%
+1094.7%
21-25
29.97
+287.0%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €137k | €39k | €30k | €45k | €22k |
| Net profit | €72k | €4k | €3k | €14k | €1k |
| Cash flow | €107k | €32k | €23k | €36k | €17k |
| Staff costs | - | - | - | - | - |
| Income taxes | €25k | €2k | €2k | €3k | - |
| Dividends | - | - | - | - | - |
| Total assets | €791k | €559k | €550k | €566k | €556k |
| Equity | €159k | €87k | €83k | €80k | €66k |
| Debt | €632k | €472k | €468k | €486k | €490k |
| of which ≤ 1y | €373k | €184k | €154k | €146k | €139k |
| of which > 1y | €259k | €287k | €314k | €340k | €351k |
| Working capital | €-342k | €-151k | €-123k | €-118k | €-112k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.08 | 0.18 | 0.20 | 0.19 | 0.19 |
| Quick ratio | 0.08 | 0.18 | 0.20 | 0.19 | 0.19 |
| Working capital ratio | -43.3% | -27.0% | -22.3% | -20.8% | -20.2% |
| Solvency | 20.1% | 15.5% | 15.0% | 14.1% | 11.9% |
| Debt / equity | 3.98 | 5.43 | 5.66 | 6.08 | 7.43 |
| Long-term debt ratio | 1.63 | 3.30 | 3.79 | 4.25 | 5.32 |
| Interest coverage | 29.97 | 7.75 | 5.33 | 7.65 | 4.51 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 9.1% | 0.8% | 0.5% | 2.5% | 0.2% |
| ROE | 45.3% | 4.9% | 3.2% | 17.6% | 1.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €791k | €559k | €550k | €566k | €556k |
| Fixed assets | 21/28 | €760k | €526k | €519k | €538k | €530k |
| Tangible fixed assets | 22/27 | €759k | €525k | €519k | €538k | €529k |
| Financial fixed assets | 28 | €944 | €522 | €100 | €100 | €100 |
| Current assets | 29/58 | €31k | €33k | €31k | €28k | €27k |
| Amounts receivable within one year | 40/41 | €28k | €25k | €23k | €15k | €15k |
| Cash & bank | 54/58 | €868 | €5k | €9k | €13k | €4k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €791k | €559k | €550k | €566k | €556k |
| Equity | 10/15 | €159k | €87k | €83k | €80k | €66k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €138k | €66k | €62k | €60k | €46k |
| Amounts payable | 17/49 | €632k | €472k | €468k | €486k | €490k |
| Amounts payable after one year | 17 | €259k | €287k | €314k | €340k | €351k |
| Amounts payable within one year | 42/48 | €373k | €184k | €154k | €146k | €139k |
| Trade debts payable within one year | 44 | €3k | €2k | €12k | €3k | - |
| Income statement | ||||||
| Gross operating margin | 9900 | €140k | €42k | €33k | €48k | €22k |
| Operating result | 9901 | €102k | €11k | €10k | €23k | €6k |
| Financial income | 75 | - | €2 | - | - | - |
| Financial charges | 65 | €5k | €5k | €6k | €6k | €5k |
| Result before taxes | 9903 | €97k | €6k | €5k | €17k | €1k |
| Income taxes | 67/77 | €25k | €2k | €2k | €3k | - |
| Net result for the period | 9904 | €72k | €4k | €3k | €14k | €1k |
| Result to be appropriated | 9905 | €72k | €4k | €3k | €14k | €1k |
Legal Structure
| NACE primary | Logistics services(52250) |
| Legal form | Private limited company(610) |
| Incorporation | 31-03-2016 |
| Status | Active |
| Postal code | 1700 |
Establishment units
Krekelendries 30, 1700 Dilbeek
since 20162.252.020.987
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23079B0025/00N000 | Flanders | 1,254 m² | 1 · 134 m² | 9.7 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Highest result since 2021net €72k ▲1591%
Operating result €102k, net result €72k, both a record.
31-12
Financial
Equity above €150kEq €159k ▲82.8%
5 profitable years in a row build equity to €159k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Logistics services52250Warehousing and support activities for transportation52290Freight transport by road49410Removal services49420Warehousing and storage52100
Names & trade names
| Legal nameNL | TDM Logistics |
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