Active BE 0799.312.761Private limited company

TDR Projects

Sint - Jansdreef 4 ·9900 Eeklo, Belgium· 3 yrs active

Sector: Joinery installation (43320)

Conclusion Checked

The computed 12-month bankruptcy probability of TDR Projects is 2.6% (moderate). The 2025 annual accounts show equity of €8k and a net result of €2k. Its solvency ranks better than 13% of 26547 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€8k
Net result	€2k
Better than sector	13%
Active	3 yrs

Financial profile 5 of 5 axes measured · computed by Checked

58 / 100

Mixed profile: strong on profitability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 38

Profitability 100

Solvency 6

Growth 52

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

2.6% Moderate

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2023, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

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 FY 2025 · computed

38 / 100 Weak

050100

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

€500

estimate, not credit advice

Score history

43 2024

38 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.50 (< 1.0) -10

Quick ratio Quick ratio 0.42 (< 0.6) -5

Leverage Debt/equity 9.89 (> 3.0) -10

Profitability ROE 24% (≥ 10%) +10

Interest coverage Interest coverage 2.0× +3

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 10-12-2025 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	9.2%	47.4%	better than 13% of 26547 sector peers
Net result	€2k	€10k	better than 30% of 26539 sector peers
Equity	€8k	€60k	better than 14% of 26557 sector peers
Gross operating margin	€22k	€39k	better than 34% of 26517 sector peers
Total assets	€83k	€141k	better than 32% of 26551 sector peers

EBITDA

€20k

-13.7% 24-25

Net profit

€2k

-45.8% 24-25

Cash flow

€10k

-50.7% 24-25

Total assets

€83k

+53.1% 24-25

Equity

€8k

+30.9% 24-25

Working capital

€-25k

+8.3% 24-25

Income taxes

€131

-89.5% 24-25

Debt

€75k

+55.8% 24-25

Debt ≤ 1y

€50k

+37.8% 24-25

Debt > 1y

€25k

+110.2% 24-25

Current ratio

0.50

+103.9% 24-25

Quick ratio

0.42

+71.1% 24-25

Solvency

9.2%

-14.5% 24-25

Debt / equity

9.89

+19.0% 24-25

ROE

23.6%

-58.6% 24-25

ROA

2.2%

-64.6% 24-25

Interest coverage

1.99

-82.9% 24-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€20k	€23k
Net profit	€2k	€3k
Cash flow	€10k	€20k
Staff costs	-	-
Income taxes	€131	€1k
Dividends	-	-
Total assets	€83k	€54k
Equity	€8k	€6k
Debt	€75k	€48k
of which ≤ 1y	€50k	€36k
of which > 1y	€25k	€12k
Working capital	€-25k	€-28k
Employees (FTE)	-	-

Ratios (computed)

	2025	2024
Current ratio	0.50	0.24
Quick ratio	0.42	0.24
Working capital ratio	-30.4%	-50.8%
Solvency	9.2%	10.7%
Debt / equity	9.89	8.31
Long-term debt ratio	3.30	2.06
Interest coverage	1.99	11.64
Gross margin	-	-
Net margin	-	-
ROA	2.2%	6.1%
ROE	23.6%	57.0%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2025

Assets

Fixed assets €58k · 70.0% Current assets €25k · 30.0%

Equity & liabilities

Equity €8k · 9.2% Debt €75k · 90.8%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€83k	€54k
Fixed assets	21/28	€58k	€45k
Tangible fixed assets	22/27	€58k	€45k
Current assets	29/58	€25k	€9k
Stocks & contracts in progress	3	€4k	-
Amounts receivable within one year	40/41	€15k	€5k
Cash & bank	54/58	€4k	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€83k	€54k
Equity	10/15	€8k	€6k
Contributions / capital	10/11	€3k	€3k
Reserves	13	€5k	€3k
Amounts payable	17/49	€75k	€48k
Amounts payable after one year	17	€25k	€12k
Amounts payable within one year	42/48	€50k	€36k
Trade debts payable within one year	44	€3k	€704
Income statement
Gross operating margin	9900	€22k	€25k
Operating result	9901	€12k	€7k
Financial income	75	€0	€1
Financial charges	65	€10k	€2k
Result before taxes	9903	€2k	€5k
Income taxes	67/77	€131	€1k
Net result for the period	9904	€2k	€3k
Result to be appropriated	9905	€2k	€3k

Legal Structure

NACE primary	Joinery installation(43320)
Legal form	Private limited company(610)
Incorporation	08-03-2023
Status	Active
Postal code	9900

Establishment units 1 location

TDR Projects

Sint - Jansdreef 4, 9900 EekloManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20232.342.767.160

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
43005B0727/00E004	Flanders	206 m²	1 · 206 m²	10.7 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 2 events

All 2Filings 2

Next filing, fiscal year 2026, expected by 30-04-2027

2025

10-12

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2024

05-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Joinery installation43320Manufacture of other builders' carpentry and joinery16230General construction of residential buildings41001Plumbing work43221Retail sale of lighting equipment47552Retail trade47592Other professional, scientific and technical activities74104Interior design74130

Names & trade names

Legal nameNL

TDR Projects

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