TOD
Judicial reorganisationSummary
The file of TOD contains 1 judicial reorganisation, as published in the Belgian State Gazette. The KBO register records for TOD the legal situation: special situation; this is today's state according to the register itself, which carries no start date. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2025 annual accounts show equity of €138k and a net result of €4k. Equity is growing by ~24.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 7058 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-59
Solvency71▼-3
Growth52▼-26
Track record30
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity ample (current ratio 1.83 against 1.95 in 2024; short-term debt: 54.4% and cash: 0% of total assets), but 54.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
126 d late
2023
27 d late
2022
25 d late
2021
24 d late
2020
8 d early
2019
20 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
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€4k▼ 83.9%
2024 · €26k
2018: €12k
2019: €16k▲ +31.4% vs 2018
2020: €45k▲ +177% vs 2019
2021: €51k▲ +12.0% vs 2020highest in 8 years
2022: €-6k▼ -113% vs 2021lowest in 8 years
2023: €7k▲ +206% vs 2022
2024: €26k▲ +279% vs 2023
2025: €4k▼ -83.9% vs 2024
2018 → 2025
Working capital
€137k▼ 7.8%
2024 · €149k
2018: €23klowest in 8 years
2019: €39k▲ +67.1% vs 2018
2020: €81k▲ +105% vs 2019
2021: €135k▲ +68.3% vs 2020
2022: €135k▼ -0.2% vs 2021
2023: €144k▲ +6.4% vs 2022
2024: €149k▲ +3.5% vs 2023highest in 8 years
2025: €137k▼ -7.8% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€136k-€133k▼ 1.8%€140k▲ 5.1%€150k▲ 6.8%€138k▼ 7.9%
2021: €136k
2022: €133k▼ -1.8% vs 2021lowest in 5 years
2023: €140k▲ +5.1% vs 2022
2024: €150k▲ +6.8% vs 2023highest in 5 years
2025: €138k▼ -7.9% vs 2024
Operating result€65k-€-12k€6k€31k▲ 410%€-522
2021: €65khighest in 5 years
2022: €-12k▼ -118% vs 2021lowest in 5 years
2023: €6k▲ +151% vs 2022
2024: €31k▲ +410% vs 2023
2025: €-522▼ -102% vs 2024
Net result€51k-€-6k€7k€26k▲ 279%€4k▼ 83.9%
2021: €51khighest in 5 years
2022: €-6k▼ -113% vs 2021lowest in 5 years
2023: €7k▲ +206% vs 2022
2024: €26k▲ +279% vs 2023
2025: €4k▼ -83.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €522 after €31k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €302k
Fixed assets
€701 ▼ 27.1%
Current assets
€302k ▼ 1.3%
Equity and liabilities €302k
Equity
€138k ▼ 7.9%
Debt
€164k ▲ 4.9%
Debt's share of the balance-sheet total rises from 51.1% to 54.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-262▼
2024 · €31k
Cash flow
€4k▼
2024 · €26k
Current ratio
1.83▼
2024 · 1.95
Debt to equity
1.19▲
2024 · 1.05
ROE
3.0%▼
2024 · 17.1%
ROA
1.4%▼
2024 · 8.4%
Interest coverage
-0.71▼
2024 · 20.72
Debt ≤ 1 year
€164k▲
2024 · €157k
Income taxes
€2k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€307k€302k▼
Fixed assets21/28€961€701▼
Tangible fixed assets22/27€863€603▼
Furniture and vehicles24€863€603▼
Financial fixed assets28€98€98=
Current assets29/58€306k€302k▼
Amounts receivable after more than one year29€196k€223k▲
Other amounts receivable291€196k€223k▲
Amounts receivable within one year40/41€101k€78k▼
Trade receivables40€9k€13k▲
Other amounts receivable41€92k€65k▼
Cash at bank and in hand54/58€6k€1▼
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€307k€302k▼
Equity10/15€150k€138k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€136k€124k▼
Amounts payable17/49€157k€164k▲
Amounts payable within one year42/48€157k€164k▲
Trade debts44€22k€12k▼
Suppliers440/4€22k€12k▼
Taxes, remuneration and social security45€36k€35k▼
Taxes450/3€36k€35k▼
Other amounts payable47/48€98k€118k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€110€260▲
Other operating charges640/8€21k€20k▼
Gross operating margin9900€52k€19k▼
Operating profit (loss)9901€31k€-522▼
Financial income75/76B€9k€7k▼
Recurring financial income75€9k€7k▼
Financial charges65/66B€2k€366▼
Recurring financial charges65€2k€366▼
Profit (loss) for the period before taxes9903€38k€7k▼
Income taxes67/77€13k€2k▼
Profit (loss) for the period9904€26k€4k▼
Profit (loss) for the period to be appropriated9905€26k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€152k€140k▼
Profit (loss) brought forward from the previous period14P€126k€136k▲
Profit to be distributed694/7€16k€16k=
Directors or managers695€16k€16k=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €2k | €250 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €5k | €110 | €260 | ▲ 137% |
| Other operating charges640/8 | €839 | €5k | €3k | €21k | €20k | ▼ 5.4% |
| Non-recurring operating charges66A | €3k | - | - | - | - | - |
| Gross operating margin9900 | €76k | €-1k | €14k | €52k | €19k | ▼ 62.8% |
| Operating profit (loss)9901 | €65k | €-12k | €6k | €31k | €-522 | ▼ 102% |
| Financial income75/76B | €636 | €11k | €7k | €9k | €7k | ▼ 14.1% |
| Recurring financial income75 | €636 | €11k | €7k | €9k | €7k | ▼ 14.1% |
| Financial charges65/66B | €514 | €3k | €1k | €2k | €366 | ▼ 75.8% |
| Recurring financial charges65 | €514 | €3k | €1k | €2k | €366 | ▼ 75.8% |
| Profit (loss) for the period before taxes9903 | €65k | €-4k | €11k | €38k | €7k | ▼ 82.8% |
| Income taxes67/77 | €15k | €3k | €5k | €13k | €2k | ▼ 80.7% |
| Profit (loss) for the period9904 | €51k | €-6k | €7k | €26k | €4k | ▼ 83.9% |
| Profit (loss) for the period to be appropriated9905 | €51k | €-6k | €7k | €26k | €4k | ▼ 83.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €257k | €263k | €285k | €307k | €302k | ▼ 1.4% |
| Fixed assets21/28 | €11k | €6k | €317 | €961 | €701 | ▼ 27.1% |
| Tangible fixed assets22/27 | €11k | €6k | €219 | €863 | €603 | ▼ 30.2% |
| Furniture and vehicles24 | €3k | €1k | €219 | €863 | €603 | ▼ 30.2% |
| Leasing and similar rights25 | €8k | €4k | - | - | - | - |
| Financial fixed assets28 | €98 | €98 | €98 | €98 | €98 | = |
| Current assets29/58 | €245k | €257k | €285k | €306k | €302k | ▼ 1.3% |
| Amounts receivable after more than one year29 | €26k | €224k | €224k | €196k | €223k | ▲ 13.9% |
| Other amounts receivable291 | €26k | €224k | €224k | €196k | €223k | ▲ 13.9% |
| Amounts receivable within one year40/41 | €218k | €26k | €60k | €101k | €78k | ▼ 22.5% |
| Trade receivables40 | €47k | €14k | €8k | €9k | €13k | ▲ 47.5% |
| Other amounts receivable41 | €171k | €11k | €51k | €92k | €65k | ▼ 29.1% |
| Cash at bank and in hand54/58 | €347 | €8k | €746 | €6k | €1 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | €397 | - | €834 | €3k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €257k | €263k | €285k | €307k | €302k | ▼ 1.4% |
| Equity10/15 | €136k | €133k | €140k | €150k | €138k | ▼ 7.9% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Outside capital11 | €12k | - | - | - | - | - |
| Other1109/19 | €12k | - | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €122k | €119k | €126k | €136k | €124k | ▼ 8.8% |
| Amounts payable17/49 | €121k | €129k | €145k | €157k | €164k | ▲ 4.9% |
| Amounts payable after more than one year17 | €11k | €7k | €4k | - | - | - |
| Financial debts170/4 | €11k | €7k | €4k | - | - | - |
| Amounts payable within one year42/48 | €110k | €122k | €141k | €157k | €164k | ▲ 4.9% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €4k | - | - | - |
| Trade debts44 | €36k | €34k | €32k | €22k | €12k | ▼ 47.3% |
| Suppliers440/4 | €36k | €34k | €32k | €22k | €12k | ▼ 47.3% |
| Taxes, remuneration and social security45 | €70k | €84k | €105k | €36k | €35k | ▼ 4.6% |
| Taxes450/3 | €70k | €84k | €105k | €36k | €35k | ▼ 4.6% |
| Other amounts payable47/48 | - | €678 | - | €98k | €118k | ▲ 20.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €-6k | €7k | €26k | €4k | ▼ 83.9% |
| + Depreciation and write-downs630 | €5k | €5k | €5k | €110 | €260 | ▲ 137% |
| Operating cash flow (approximation) | €56k | €-1k | €12k | €26k | €4k | ▼ 83.0% |
| Investment in fixed assets (approximation) | - | €639 | €0 | €-754 | €0 | ▲ 100% |
| Change in cash | - | €7k | €-7k | €5k | €-6k | ▼ 215% |
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
16-07
Judicial reorganisation
Opening
Tribunal de l’entreprise francophone de Bruxelles · collective agreement (SME) · event 09-07-2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 126 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
31-12
Financial
Highest result since 2018net €51k ▲12%
Operating result €65k, net result €51k, both a record.
31-12
Financial
Equity above €100kEq €136k ▲59.6%
4 profitable years in a row build equity to €136k.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
Show earlier events
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 14 days late
2017
05-12
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 127 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Sint-Agatha-Berchem · 1 establishment unit since 2014
Ground area
290 m²
Building footprint
293 m²
Volume, LiDAR
2,049 m³
Parcel 21342B0043/00F003, Brussels · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
295
companies at this address
See who is registered here
1 establishment unit
TOD
since 20142.234.519.021
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21342B0043/00F003 | Brussels | 290 m² | 1 · 293 m² | 10.6 m · 2 fl. |
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 13,417 companies in sector 73300 we hold annual accounts for 6,898. 5,488 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
Founded21-08-2014
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Contact
E-mail
patrickja@me.com
Scores and ratios are computed by Checked and are not a credit decision.