TdO Consult
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 6 filings
Equity
-€30,348
2024 · €118,391
Net result
-€148,581▼ 129%
2024 · -€64,960
Total assets
€43,858▼ 66.1%
2024 · €129,561
Solvency
-69.2%▼ 160.6pp
2024 · 91.4%
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
-€72,482
▼ 112%
2025
20202025
Net result
-€148,581
▼ 129%
2025
lowest quarter of the sector
20202025
Equity
-€30,348
2025
lowest quarter of the sector
20202025
Total assets
€43,858
▼ 66.1%
2025
lowest quarter of the sector
20202025
Debt
€74,206
▲ 564%
2025
20202025
Working capital
-€43,930
2025
lowest quarter of the sector
20202025
Solvency
-69.2%
▼ 160.6pp
2025
lowest quarter of the sector
20202025
Current ratio
0.41
▼ 8.51
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
-338.8%
▼ 288.6pp
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€55,191-€48,199▼ 12.7%€132,212▲ 174%€54,256▼ 59.0%-€34,163-€72,482▼ 112%
Net result€39,499within the sector's middle half-€34,275within the sector's middle half▼ 13.2%€93,018above the sector's middle half▲ 171%€14,559within the sector's middle half▼ 84.3%-€64,960below the sector's middle half-€148,581below the sector's middle half▼ 129%
Equity€41,499within the sector's middle half-€75,774within the sector's middle half▲ 82.6%€168,792within the sector's middle half▲ 123%€183,351within the sector's middle half▲ 8.6%€118,391within the sector's middle half▼ 35.4%-€30,348below the sector's middle half
Total assets€64,439below the sector's middle half-€115,205below the sector's middle half▲ 78.8%€229,240within the sector's middle half▲ 99.0%€195,802within the sector's middle half▼ 14.6%€129,561below the sector's middle half▼ 33.8%€43,858below the sector's middle half▼ 66.1%
Debt€22,940-€39,431▲ 71.9%€60,448▲ 53.3%€12,451▼ 79.4%€11,170▼ 10.3%€74,206▲ 564%
Working capital€41,499within the sector's middle half-€74,345within the sector's middle half▲ 79.1%€104,046within the sector's middle half▲ 40.0%€136,132within the sector's middle half▲ 30.8%€88,479within the sector's middle half▼ 35.0%-€43,930below the sector's middle half
Solvency64.4%within the sector's middle half-65.8%within the sector's middle half▲ 1.4pp73.6%within the sector's middle half▲ 7.9pp93.6%above the sector's middle half▲ 20.0pp91.4%above the sector's middle half▼ 2.3pp-69.2%below the sector's middle half▼ 160.6pp
Current ratio2.81within the sector's middle half-2.89within the sector's middle half▲ 0.082.72within the sector's middle half▼ 0.1611.93above the sector's middle half▲ 9.218.92above the sector's middle half▼ 3.010.41below the sector's middle half▼ 8.51
Return on assets (ROA)61.3%above the sector's middle half-29.8%above the sector's middle half▼ 31.5pp40.6%above the sector's middle half▲ 10.8pp7.4%within the sector's middle half▼ 33.1pp-50.1%below the sector's middle half▼ 57.6pp-338.8%below the sector's middle half▼ 288.6pp
above
within
below
The sector band is the middle half of the companies in Activities auxiliary to financial services and insurance activities (NACE 66). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €72,482, larger than the loss of €34,163 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,858
Fixed assets
€13,582 ▼ 54.6%
Current assets
€30,276 ▼ 69.6%
Equity and liabilities
Equity-€30,348
Debt€74,206
Equity is negative. Debt (€74,206) exceeds the balance-sheet total (€43,858).
Key figures and ratios
Debt ≤ 1 year
€74,206▲
2024 · €11,170
Income taxes
€75▼
2024 · €82
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,650 | €69,202 | - | - | €852 |
| Depreciation and write-downs of the year | €220 | €5,885 | €17,527 | €17,307 | €17,182 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €220 | €5,885 | €17,527 | €17,307 | €17,182 | ▼ 0.7% |
| Other operating charges640/8 | - | €45 | - | €384 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €55,191 | €48,464 | €138,097 | €72,168 | -€16,469 | -€54,900 | ▼ 233% |
| Operating profit (loss)9901 | €55,191 | €48,199 | €132,212 | €54,256 | -€34,163 | -€72,482 | ▼ 112% |
| Financial income75/76B | - | - | €68 | €67 | - | - | - |
| Recurring financial income75 | €2 | - | €68 | €67 | - | - | - |
| Financial charges65/66B | - | €19 | €120 | €33,811 | €30,715 | €76,025 | ▲ 148% |
| Recurring financial charges65 | €70 | €19 | €120 | €33,811 | €30,715 | €76,025 | ▲ 148% |
| Profit (loss) for the period before taxes9903 | €55,123 | €48,180 | €132,160 | €20,512 | -€64,878 | -€148,506 | ▼ 129% |
| Income taxes67/77 | €15,623 | €13,905 | €39,142 | €5,953 | €82 | €75 | ▼ 8.5% |
| Profit (loss) for the period9904 | €39,499 | €34,275 | €93,018 | €14,559 | -€64,960 | -€148,581 | ▼ 129% |
| Profit (loss) for the period to be appropriated9905 | €39,499 | €34,275 | €93,018 | €14,559 | -€64,960 | -€148,581 | ▼ 129% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €64,439 | €115,205 | €229,240 | €195,802 | €129,561 | €43,858 | ▼ 66.1% |
| Fixed assets21/28 | - | €1,429 | €64,746 | €47,219 | €29,912 | €13,582 | ▼ 54.6% |
| Tangible fixed assets22/27 | - | €1,429 | €64,746 | €47,219 | €29,912 | €13,582 | ▼ 54.6% |
| Plant, machinery and equipment23 | - | - | €2,476 | €2,205 | €1,934 | €1,664 | ▼ 14.0% |
| Furniture and vehicles24 | - | €1,429 | €62,270 | €45,014 | €27,977 | €11,918 | ▼ 57.4% |
| Current assets29/58 | €64,439 | €113,776 | €164,494 | €148,583 | €99,649 | €30,276 | ▼ 69.6% |
| Amounts receivable within one year40/41 | €13,794 | €14,286 | €1,594 | €10,835 | €11,707 | €632 | ▼ 94.6% |
| Trade receivables40 | - | €14,286 | - | €352 | €8,944 | - | - |
| Other amounts receivable41 | - | - | €1,594 | €10,484 | €2,763 | €632 | ▼ 77.1% |
| Cash at bank and in hand54/58 | €50,645 | €99,490 | €161,981 | €136,778 | €86,376 | €28,245 | ▼ 67.3% |
| Deferred charges and accrued income490/1 | - | - | €919 | €970 | €1,567 | €1,400 | ▼ 10.7% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €64,439 | €115,205 | €229,240 | €195,802 | €129,561 | €43,858 | ▼ 66.1% |
| Equity10/15 | €41,499 | €75,774 | €168,792 | €183,351 | €118,391 | -€30,348 | - |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €39,499 | €73,774 | €166,774 | €181,279 | €181,279 | €181,279 | = |
| Distributable reserves133 | - | €73,774 | €166,774 | €181,279 | €181,279 | €181,279 | = |
| Profit (loss) carried forward14 | €0 | €0 | €18 | €72 | -€64,888 | -€213,627 | ▼ 229% |
| Amounts payable17/49 | €22,940 | €39,431 | €60,448 | €12,451 | €11,170 | €74,206 | ▲ 564% |
| Amounts payable within one year42/48 | €22,940 | €39,431 | €60,448 | €12,451 | €11,170 | €74,206 | ▲ 564% |
| Trade debts44 | €1,518 | €116 | €967 | - | - | €489 | - |
| Suppliers440/4 | - | €116 | €967 | - | - | €489 | - |
| Taxes, remuneration and social security45 | - | €39,257 | €59,482 | €12,451 | €11,170 | €156 | ▼ 98.6% |
| Taxes450/3 | - | €37,257 | €59,482 | €9,751 | €11,170 | €156 | ▼ 98.6% |
| Remuneration and social security454/9 | - | €2,000 | - | €2,700 | - | - | - |
| Other amounts payable47/48 | - | €58 | - | - | - | €73,561 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,499 | €34,275 | €93,018 | €14,559 | -€64,960 | -€148,581 | ▼ 129% |
| + Depreciation and write-downs630 | - | €220 | €5,885 | €17,527 | €17,307 | €17,182 | ▼ 0.7% |
| Operating cash flow (approximation) | €39,499 | €34,495 | €98,903 | €32,086 | -€47,653 | -€131,399 | ▼ 176% |
| Investment in fixed assets (approximation) | - | - | -€69,202 | €0 | €0 | -€852 | - |
| Change in cash | - | €48,845 | €62,491 | -€25,203 | -€50,402 | -€58,130 | ▼ 15.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 13-07-2026 | 2026-00283420 | |
| 31-12-2024 | micro format | 27-08-2025 | 2025-00410939 | |
| 31-12-2023 | micro format | 12-07-2024 | 2024-00238484 | |
| 31-12-2022 | micro format | 30-06-2023 | 2023-00188504 | |
| 31-12-2021 | micro format | 29-06-2022 | 2022-20133737 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-59200310 |