TDRB
ActiveSummary
TDRB has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 1865 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+2
Solvency34=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 0.96 in 2024; short-term debt: 34.2% and cash: 0.7% of total assets), and 90.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
9.5%
Return on assets
1.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 1865 sector peers (2025).
NBB · sector comparisonPosition among 1865 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
30 d late
2022
10 d late
2021
31 d late
2020
30 d late
2019
122 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€26k
2024 · €-2k
Working capital
€101k
2024 · €-19k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12k▼ 57.2%€77k▲ 543%€54k▼ 29.9%€33k▼ 39.0%€66k▲ 98.6%
Net result€3k▼ 86.6%€57k▲ 1,810%€16k▼ 71.3%€-2k€26k
Equity€-89k▲ 3.2%€164k€167k▲ 1.8%€152k▼ 9.0%€164k▲ 8.2%
Total assets€676k▼ 3.8%€1.62M▲ 139%€1.73M▲ 7.3%€1.76M▲ 1.3%€1.73M▼ 1.2%
Debt€765k▼ 3.7%€1.45M▲ 89.7%€1.57M▲ 7.9%€1.60M▲ 2.3%€1.57M▼ 2.1%
Working capital€-49k▼ 7.9%€63k€-10k€-19k▼ 99.5%€101k
Staff (FTE)9.9▲ 12.5%9.7▼ 2.0%9.7=10▲ 3.1%6.9▼ 31.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 99% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.73M
Fixed assets
€1.04M ▼ 19.8%
Current assets
€695k ▲ 51.0%
Equity and liabilities €1.73M
Equity
€164k ▲ 8.2%
Debt
€1.57M ▼ 2.1%
Debt's share of the balance-sheet total falls from 91.4% to 90.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€317k▲
2024 · €314k
Cash flow
€277k▼
2024 · €279k
Current ratio
1.17▲
2024 · 0.96
Quick ratio
1.15▲
2024 · 0.93
Debt to equity
9.57▼
2024 · 10.58
ROE
15.7%▲
2024 · -1.1%
ROA
1.5%▲
2024 · -0.1%
Interest coverage
7.33▲
2024 · 6.66
Debt ≤ 1 year
€593k▲
2024 · €480k
Debt > 1 year
€954k▼
2024 · €1.11M
Income taxes
€10k▲
2024 · €933
Staff costs
€473k▼
2024 · €581k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €207 | - | - | - | - |
| Remuneration, social security and pensions62 | €474k | €491k | €562k | €581k | €473k | ▼ 18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €128k | €161k | €240k | €281k | €251k | ▼ 10.6% |
| Other operating charges640/8 | €73k | €75k | €84k | €86k | €67k | ▼ 22.8% |
| Non-recurring operating charges66A | €5k | €6k | €2k | €3k | €2k | ▼ 16.1% |
| Gross operating margin9900 | €692k | €812k | €942k | €984k | €859k | ▼ 12.7% |
| Operating profit (loss)9901 | €12k | €77k | €54k | €33k | €66k | ▲ 98.6% |
| Financial income75/76B | €1 | €4k | €14k | €13k | €13k | = |
| Recurring financial income75 | €1 | €4k | €14k | €13k | €13k | = |
| Financial charges65/66B | €9k | €14k | €46k | €47k | €43k | ▼ 8.3% |
| Recurring financial charges65 | €9k | €14k | €46k | €47k | €43k | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €3k | €67k | €22k | €-719 | €36k | ▲ 5,083% |
| Income taxes67/77 | €229 | €10k | €5k | €933 | €10k | ▲ 981% |
| Profit (loss) for the period9904 | €3k | €57k | €16k | €-2k | €26k | ▲ 1,659% |
| Profit (loss) for the period to be appropriated9905 | €3k | €57k | €16k | €-2k | €26k | ▲ 1,659% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €676k | €1.62M | €1.73M | €1.76M | €1.73M | ▼ 1.2% |
| Fixed assets21/28 | €436k | €1.14M | €1.35M | €1.29M | €1.04M | ▼ 19.8% |
| Tangible fixed assets22/27 | €435k | €1.14M | €1.35M | €1.29M | €1.04M | ▼ 19.8% |
| Plant, machinery and equipment23 | - | - | - | €23k | €20k | ▼ 10.5% |
| Furniture and vehicles24 | €62k | €916k | €953k | €819k | €657k | ▼ 19.8% |
| Leasing and similar rights25 | €372k | €221k | €398k | €452k | €360k | ▼ 20.4% |
| Financial fixed assets28 | €1k | €1k | €540 | €540 | €540 | = |
| Current assets29/58 | €241k | €477k | €382k | €460k | €695k | ▲ 51.0% |
| Stocks and contracts in progress3 | €5k | €15k | €15k | €15k | €15k | = |
| Stocks30/36 | €5k | €15k | €15k | €15k | €15k | = |
| Amounts receivable within one year40/41 | €224k | €349k | €317k | €372k | €656k | ▲ 76.7% |
| Trade receivables40 | €114k | €102k | €80k | €310k | €604k | ▲ 94.7% |
| Other amounts receivable41 | €110k | €247k | €237k | €61k | €53k | ▼ 14.2% |
| Cash at bank and in hand54/58 | €10k | €90k | €14k | €37k | €12k | ▼ 67.6% |
| Deferred charges and accrued income490/1 | €2k | €23k | €37k | €37k | €12k | ▼ 68.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €676k | €1.62M | €1.73M | €1.76M | €1.73M | ▼ 1.2% |
| Equity10/15 | €-89k | €164k | €167k | €152k | €164k | ▲ 8.2% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Profit (loss) carried forward14 | €-108k | €-51k | €-35k | €-37k | €-11k | ▲ 70.3% |
| Investment grants15 | - | €196k | €183k | €170k | €156k | ▼ 7.9% |
| Amounts payable17/49 | €765k | €1.45M | €1.57M | €1.60M | €1.57M | ▼ 2.1% |
| Amounts payable after more than one year17 | €473k | €1.03M | €1.17M | €1.11M | €954k | ▼ 13.9% |
| Financial debts170/4 | €158k | €716k | €847k | €790k | €632k | ▼ 20.0% |
| Other amounts payable178/9 | €315k | €318k | €318k | €318k | €322k | ▲ 1.1% |
| Amounts payable within one year42/48 | €289k | €415k | €392k | €480k | €593k | ▲ 23.7% |
| Current portion of amounts payable after more than one year42 | €109k | €135k | €153k | €181k | €158k | ▼ 12.6% |
| Trade debts44 | €116k | €218k | €151k | €228k | €374k | ▲ 64.2% |
| Suppliers440/4 | €116k | €218k | €151k | €228k | €374k | ▲ 64.2% |
| Taxes, remuneration and social security45 | €65k | €62k | €89k | €71k | €61k | ▼ 13.6% |
| Taxes450/3 | €2k | €13k | €27k | €20k | €13k | ▼ 36.3% |
| Remuneration and social security454/9 | €62k | €49k | €62k | €51k | €49k | ▼ 4.8% |
| Accrued charges and deferred income492/3 | €3k | €3k | €10k | €16k | €22k | ▲ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €57k | €16k | €-2k | €26k | ▲ 1,659% |
| + Depreciation and write-downs630 | €128k | €161k | €240k | €281k | €251k | ▼ 10.6% |
| Operating cash flow (approximation) | €131k | €218k | €256k | €279k | €277k | ▼ 0.9% |
| Investment in fixed assets (approximation) | - | €-864k | €-453k | €-225k | €5k | ▲ 102% |
| Change in cash | - | €80k | €-76k | €23k | €-25k | ▼ 208% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
31-12
Financial
Highest result since 2018net €57k ▲1,810%
Operating result €77k, net result €57k, both a record.
31-12
Financial
Equity above €150kEq €164k
3 profitable years in a row build equity to €164k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after 2 loss-making years.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €-74k
Net result drops to €-74k, the lowest in the series; recovery starts the following year.
18-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 110 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Namur · 1 establishment unit since 2016
Ground area
2.0 ha
Parcel 92009A0032/00M004, Wallonia. Linked by address, not a title deed.
1 establishment unit
TDRB
since 20162.257.261.561
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92009A0032/00M004 | Wallonia | 2.0 ha | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 6,326 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.