TDS
ActiveSummary
TDS has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €43,333. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 975 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-5
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100,000 at 30 days acceptable
Liquidity ample (current ratio 12.95 against 9.72 in 2024; short-term debt: 6.8% and cash: 10.3% of total assets), and 9.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 52
Relative position
BE, all sectors
reference
Warehousing and support activities for transportation (NACE 52)
about 72% 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
90.4%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
13 d late
2023
34 d early
2022
7 d early
2021
21 d early
2020
24 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 36% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#5 company by equity in Maldegem, Transport and storage sector#6 oldest company in Maldegem, Transport and storage sector
Equity
€1.2m▲ 3.6%
2024 · €1.2m
Total assets
€1.4m▲ 2.1%
2024 · €1.3m
Net result
€43,333▼ 57.1%
2024 · €100,970
Working capital
€1.1m▼ 1.2%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€227,868▲ 165%€177,115▼ 22.3%€148,797▼ 16.0%€133,570▼ 10.2%€59,023▼ 55.8%
Net result€157,475above the sector's middle half▲ 147%€128,969above the sector's middle half▼ 18.1%€107,601above the sector's middle half▼ 16.6%€100,970above the sector's middle half▼ 6.2%€43,333above the sector's middle half▼ 57.1%
Equity€857,164above the sector's middle half▲ 22.5%€986,133above the sector's middle half▲ 15.0%€1.1mabove the sector's middle half▲ 10.9%€1.2mabove the sector's middle half▲ 9.2%€1.2mabove the sector's middle half▲ 3.6%
Total assets€987,833above the sector's middle half▲ 28.3%€1.2mabove the sector's middle half▲ 21.0%€1.3mabove the sector's middle half▲ 7.6%€1.3mabove the sector's middle half▲ 4.3%€1.4mabove the sector's middle half▲ 2.1%
Debt€130,669▲ 86.4%€209,097▲ 60.0%€192,708▼ 7.8%€146,851▼ 23.8%€131,852▼ 10.2%
Working capital€801,925▲ 23.4%€917,820▲ 14.5%€1.0m▲ 12.1%€1.1m▲ 9.9%€1.1m▼ 1.2%
Solvency86.8%above the sector's middle half▼ 4.1pp82.5%above the sector's middle half▼ 4.3pp85.0%above the sector's middle half▲ 2.5pp89.1%above the sector's middle half▲ 4.0pp90.4%above the sector's middle half▲ 1.3pp
Staff (FTE)4▲ 33.3%4=3.4▼ 15.0%3.9▲ 14.7%3.9=
above
within
below
the middle half (P25 to P75) of NACE 52, Warehousing and support activities for transportation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€158,725 ▲ 96.8%
Current assets
€1.2m ▼ 3.9%
Equity and liabilities €1.4m
Equity
€1.2m ▲ 3.6%
Debt
€131,852 ▼ 10.2%
Debt's share of the balance-sheet total falls from 10.9% to 9.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€82,846▼
2024 · €153,736
Cash flow
€67,156▼
2024 · €121,136
Current ratio
12.95▲
2024 · 9.72
Quick ratio
12.79▲
2024 · 9.60
Debt to equity
0.11▼
2024 · 0.12
ROE
3.5%▼
2024 · 8.5%
ROA
3.2%▼
2024 · 7.5%
Interest coverage
9.67▼
2024 · 26.31
Debt ≤ 1 year
€93,496▼
2024 · €129,740
Debt > 1 year
€38,356▲
2024 · €17,111
Income taxes
€21,058▼
2024 · €42,627
Staff costs
€235,714▲
2024 · €218,916
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €161,949 | €198,918 | €197,379 | €218,916 | €235,714 | ▲ 7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,389 | €20,469 | €21,006 | €20,166 | €23,823 | ▲ 18.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €25,037 | - | - |
| Other operating charges640/8 | €4,105 | €4,710 | €6,533 | €4,698 | €6,673 | ▲ 42.0% |
| Gross operating margin9900 | €399,312 | €401,212 | €373,716 | €402,386 | €325,233 | ▼ 19.2% |
| Operating profit (loss)9901 | €227,868 | €177,115 | €148,797 | €133,570 | €59,023 | ▼ 55.8% |
| Financial income75/76B | €14,287 | €13,124 | €12,631 | €15,869 | €13,939 | ▼ 12.2% |
| Recurring financial income75 | €10,186 | €13,124 | €12,631 | €15,869 | €13,939 | ▼ 12.2% |
| Non-recurring financial income76B | €4,100 | - | - | - | - | - |
| Financial charges65/66B | €4,090 | €6,767 | €5,839 | €5,842 | €8,571 | ▲ 46.7% |
| Recurring financial charges65 | €4,090 | €6,767 | €5,839 | €5,842 | €8,571 | ▲ 46.7% |
| Profit (loss) for the period before taxes9903 | €238,065 | €183,472 | €155,589 | €143,597 | €64,390 | ▼ 55.2% |
| Income taxes67/77 | €80,590 | €54,503 | €47,988 | €42,627 | €21,058 | ▼ 50.6% |
| Profit (loss) for the period9904 | €157,475 | €128,969 | €107,601 | €100,970 | €43,333 | ▼ 57.1% |
| Profit (loss) for the period to be appropriated9905 | €157,475 | €128,969 | €107,601 | €100,970 | €43,333 | ▼ 57.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €987,833 | €1.2m | €1.3m | €1.3m | €1.4m | ▲ 2.1% |
| Fixed assets21/28 | €55,239 | €112,297 | €95,339 | €80,633 | €158,725 | ▲ 96.8% |
| Tangible fixed assets22/27 | €55,239 | €112,297 | €95,339 | €80,633 | €158,725 | ▲ 96.8% |
| Land and buildings22 | €14,063 | €12,938 | €11,755 | €15,490 | €13,761 | ▼ 11.2% |
| Plant, machinery and equipment23 | - | €9,920 | €11,446 | €10,720 | €34,386 | ▲ 221% |
| Furniture and vehicles24 | €41,176 | €89,438 | €72,138 | €54,423 | €110,578 | ▲ 103% |
| Current assets29/58 | €932,594 | €1.1m | €1.2m | €1.3m | €1.2m | ▼ 3.9% |
| Stocks and contracts in progress3 | - | - | €15,000 | €15,000 | €15,000 | = |
| Stocks30/36 | - | - | €15,000 | €15,000 | €15,000 | = |
| Amounts receivable within one year40/41 | €661,766 | €702,638 | €728,029 | €670,047 | €736,531 | ▲ 9.9% |
| Trade receivables40 | €396,672 | €291,390 | €253,984 | €293,247 | €194,375 | ▼ 33.7% |
| Other amounts receivable41 | €265,094 | €411,247 | €474,045 | €376,799 | €542,156 | ▲ 43.9% |
| Current investments50/53 | €48,675 | €112,509 | €174,982 | €239,668 | €299,668 | ▲ 25.0% |
| Cash at bank and in hand54/58 | €220,998 | €264,468 | €270,040 | €324,701 | €140,894 | ▼ 56.6% |
| Deferred charges and accrued income490/1 | €1,155 | €3,319 | €3,051 | €11,505 | €19,070 | ▲ 65.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €987,833 | €1.2m | €1.3m | €1.3m | €1.4m | ▲ 2.1% |
| Equity10/15 | €857,164 | €986,133 | €1.1m | €1.2m | €1.2m | ▲ 3.6% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €565,497 | €694,466 | €802,067 | €903,036 | €946,369 | ▲ 4.8% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €563,638 | €692,607 | €800,208 | €901,177 | €944,510 | ▲ 4.8% |
| Profit (loss) carried forward14 | €273,075 | €273,075 | €273,075 | €273,075 | €273,075 | = |
| Amounts payable17/49 | €130,669 | €209,097 | €192,708 | €146,851 | €131,852 | ▼ 10.2% |
| Amounts payable after more than one year17 | - | €43,985 | €30,625 | €17,111 | €38,356 | ▲ 124% |
| Financial debts170/4 | - | €43,985 | €30,625 | €17,111 | €38,356 | ▲ 124% |
| Amounts payable within one year42/48 | €130,669 | €165,113 | €162,084 | €129,740 | €93,496 | ▼ 27.9% |
| Current portion of amounts payable after more than one year42 | €5,880 | €38,291 | €18,514 | €33,514 | €45,687 | ▲ 36.3% |
| Trade debts44 | €28,752 | €13,331 | €39,563 | €1,886 | €20,461 | ▲ 985% |
| Suppliers440/4 | €28,752 | €13,331 | €39,563 | €1,886 | €20,461 | ▲ 985% |
| Taxes, remuneration and social security45 | €96,037 | €113,492 | €104,006 | €94,340 | €27,348 | ▼ 71.0% |
| Taxes450/3 | €59,957 | €76,838 | €73,391 | €52,663 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €36,080 | €36,654 | €30,615 | €41,677 | €27,348 | ▼ 34.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €157,475 | €128,969 | €107,601 | €100,970 | €43,333 | ▼ 57.1% |
| + Depreciation and write-downs630 | €5,389 | €20,469 | €21,006 | €20,166 | €23,823 | ▲ 18.1% |
| Operating cash flow (approximation) | €162,864 | €149,437 | €128,607 | €121,136 | €67,156 | ▼ 44.6% |
| Investment in fixed assets (approximation) | - | -€77,526 | -€4,048 | -€5,460 | -€101,915 | ▼ 1,767% |
| Change in cash | - | €43,471 | €5,572 | €54,661 | -€183,807 | ▼ 436% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €43,333 ▼57.1%
Net result drops to €43,333, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €1mEq €1.1m ▲10.9%
6 profitable years in a row build equity to €1.1m.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €157,475 ▲147%
Operating result €227,868, net result €157,475, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
22-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Maldegem · 1 establishment unit since 2001
Ground area
4.3 ha
Building footprint
758 m²
Volume, LiDAR
3,826 m³
2 parcels, Flanders · tallest building 14.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Wijngaardveld 34, 9300 Aalst
since 20012.011.348.349
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41303D0052/00K000 | Flanders | 4.1 ha | 1 · 271 m² | 7.5 m · 2 fl. |
| 43001F0255/00H000 | Flanders | 1,889 m² | 1 · 487 m² | 14.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 227 EUR awarded · 129 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 227 EUR | 129 EUR |
Similar companies · same sector, comparable size
VAN EETVELDE
BE 0884.278.526
Lokeren · Eq €1,238,670
NAVIGLOBE
BE 0431.393.345
Antwerpen · Eq €1,239,833
BRASSERIE VERACHTERT
BE 0437.549.479
Saint-Georges-sur-Meuse · Eq €1,241,339
MARLOU
BE 0428.208.082
Zonhoven · Eq €1,233,700
DRANKEN SPECIAALZAAK DE CLERCQ MAURICE EN ZOON
BE 0433.832.401
Lochristi · Eq €1,243,913
Of 3,187 companies in sector 52250 we hold annual accounts for 1,963. 1,170 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
Founded29-08-1975
Fiscal year end31-12
Activities, NACEBEL 2025
52250Logistics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415314111
Also
9925:BE0415314111
Registered
14-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.