TECHNICAL DEVELOPMENT SERVICE
ActiveTECHNICAL DEVELOPMENT SERVICE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €32k and a net result of €-8k. Equity is growing by ~67% per year across the filed fiscal years. Its solvency ranks better than 73% of 1902 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-92
Solvency94▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 3.18 against 3.92 in 2024; short-term debt: 31.5% and cash: 7.2% of total assets), and 31.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
68.5%
Return on assets
-17.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
88 d late
2019
153 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€32k▼ 20.5%
2024 · €40k
2018: €2k
2019: €2k
2020: €3k
2021: €11k
2022: €15k
2023: €30k
2024: €40k
2018 → 2025
Total assets
€46k▼ 13.3%
2024 · €53k
2018: €12k
2019: €20k
2020: €23k
2021: €26k
2022: €41k
2023: €65k
2024: €53k
2018 → 2025
Net result
€-8k
2024 · €10k
2018: €51k
2019: €208
2020: €1k
2021: €8k
2022: €4k
2023: €15k
2024: €10k
2018 → 2025
Working capital
€32k▼ 19.5%
2024 · €39k
2018: €2k
2019: €5k
2020: €9k
2021: €9k
2022: €14k
2023: €29k
2024: €39k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€15k▲ 39.3%€30k▲ 99.1%€40k▲ 32.4%€32k▼ 20.5%
Operating result€11k-€6k▼ 43.2%€20k▲ 231%€13k▼ 37.3%€-11k
Net result€8k-€4k▼ 44.0%€15k▲ 251%€10k▼ 34.9%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €13k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €46k
Equity
€32k▼ 20.5%
Debt
€15k▲ 8.0%
The debt ratio rises from 25.3% to 31.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-10k▼
2024 · €13k
Cash flow
€-8k▼
2024 · €10k
Solvency
68.5%▼
2024 · 74.7%
Current ratio
3.18▼
2024 · 3.92
Quick ratio
3.18▼
2024 · 3.92
Debt / equity
0.46▲
2024 · 0.34
ROE
-25.7%▼
2024 · 24.5%
ROA
-17.6%▼
2024 · 18.3%
Interest coverage
-28.71▼
2024 · 39.30
Debt
€15k▲
2024 · €13k
Debt ≤ 1 year
€15k▲
2024 · €13k
Income taxes
€-3k▼
2024 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€53k€46k▼
Fixed assets21/28€484-
Tangible fixed assets22/27€484-
Furniture and vehicles24€484-
Current assets29/58€53k€46k▼
Amounts receivable within one year40/41€35k€43k▲
Trade receivables40€34k€42k▲
Other amounts receivable41€372€545▲
Cash at bank and in hand54/58€18k€3k▼
Equity and liabilities
Total equity and liabilities10/49€53k€46k▼
Equity10/15€40k€32k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€19k€11k▼
Amounts payable17/49€13k€15k▲
Amounts payable within one year42/48€13k€15k▲
Trade debts44€3k€7k▲
Suppliers440/4€3k€7k▲
Taxes, remuneration and social security45€3k€425▼
Taxes450/3€3k€425▼
Other amounts payable47/48€7k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€484€484=
Other operating charges640/8€387€400▲
Gross operating margin9900€14k€-10k▼
Operating profit (loss)9901€13k€-11k▼
Financial charges65/66B€337€352▲
Recurring financial charges65€337€352▲
Profit (loss) for the period before taxes9903€12k€-11k▼
Income taxes67/77€3k€-3k▼
Profit (loss) for the period9904€10k€-8k▼
Profit (loss) for the period to be appropriated9905€10k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€11k▼
Profit (loss) brought forward from the previous period14P€10k€19k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-8k ▼184%
Net result drops to €-8k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 3.92
Current ratio from 1.83 to 3.92; short-term debt falls from €35k to €13k.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 153 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Blégny · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue des Peupliers 24671 BlégnyGround area
136 m²
Building footprint
150 m²
Parcel 62095D0020/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue des Peupliers 2, 4671 Blégny
since 19872.031.439.920
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62095D0020/00A000 ProtectedMonument · Site or landscape |
Wallonia | 136 m² | 1 · 150 m² | - |
Linked by address, not proof of ownership
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 908 companies in sector 25120 we hold annual accounts for 677. 319 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-11-1987
Fiscal year end31-12
Abbreviation FR
T.D.S.
Activities, NACEBEL
25120Manufacture of fabricated metal products, except machinery and equipment
28120
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.