Equity
TODE paid out €239,455 in dividends. That is 434% of the 2025 profit.
In July 2024, 6,047 companies had the same profile as TODE has now. Each dot stands for 16 companies, two years later.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,047 companies, not a prediction for TODE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
These companies have the same main activity as TODE: physiotherapy (NACE 86951). They are comparable in size and age: total assets between €1.1m and €2.5m, founded between 2008 and 2014.
TODE files the abbreviated format. That format states no turnover. The gross margin fell from €172,340 in 2011 to €167,519 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €320,000. Estimated: probably between €280,000 and €470,000.
Higher than 67% of 3,054 companies in 2025.
Higher than 30% of 2,998 companies in 2025.
Higher than 20% of 3,010 companies in 2025.
Net result: middle half · Equity: top quarter · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
1.7m | 1.7m | 1.7m | 1.7m | 1.2m | 1.3m | 1.4m | 1.4m | 1.3m | 1.3m | 1.2m | 1.1m | 1.0m | 992,565 | 618,778 | |
21/28 |
1.2m | 1.2m | 1.3m | 1.1m | 995,699 | 860,029 | 925,203 | 983,929 | 1.0m | 1.1m | 1.0m | 1.0m | 974,834 | 943,376 | 524,904 | |
21 |
- | - | - | 200 | 400 | 600 | 800 | - | - | - | - | - | - | - | - | |
22/27 |
1.2m | 1.2m | 1.3m | 1.1m | 995,299 | 859,429 | 924,403 | 983,929 | 1.0m | 1.1m | 1.0m | 1.0m | 974,834 | 943,376 | 524,904 | |
22 |
1.2m | 1.2m | 1.2m | 1.1m | 984,957 | 834,218 | 859,620 | 884,481 | 910,687 | 926,133 | 885,919 | 883,023 | 817,933 | 763,888 | 524,904 | |
23 |
2,216 | - | 70 | 370 | 788 | 1,206 | 1,275 | 472 | - | - | - | - | - | - | - | |
24 |
28,724 | 38,209 | 48,117 | 10,817 | 9,554 | 24,005 | 63,507 | 98,976 | 136,162 | 178,942 | 118,381 | 139,915 | 156,901 | 179,488 | - | |
26 |
218 | 427 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
502,016 | 463,371 | 404,965 | 568,288 | 188,411 | 439,446 | 434,103 | 372,055 | 206,874 | 177,349 | 198,965 | 86,237 | 30,285 | 49,189 | 93,874 | |
3 |
6,331 | 6,257 | 6,897 | 6,348 | 6,320 | 6,824 | 7,326 | - | - | - | - | - | - | - | - | |
30/36 |
6,331 | 6,257 | 6,897 | 6,348 | 6,320 | 6,824 | 7,326 | - | - | - | - | - | - | - | - | |
40/41 |
50,684 | 178,280 | 167,886 | 151,425 | 22,751 | 16,484 | 46,704 | 47,605 | 30,173 | 97,494 | 181,615 | 45,857 | 24,700 | 25,759 | 16,936 | |
40 |
30,975 | 44,441 | 43,068 | 15,576 | 3,751 | 4,087 | 43,704 | 45,605 | 30,173 | 89,494 | 151,615 | 44,141 | 24,700 | 25,759 | - | |
41 |
19,709 | 133,839 | 124,818 | 135,849 | 19,000 | 12,397 | 3,000 | 2,000 | - | 8,000 | 30,000 | 1,716 | - | - | 16,936 | |
50/53 |
314,263 | 44,735 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
114,473 | 226,689 | 226,084 | 410,515 | 159,340 | 416,052 | 380,074 | 324,450 | 176,701 | 79,854 | 17,350 | 40,380 | 5,585 | 23,430 | 76,938 | |
490/1 |
16,265 | 7,411 | 4,099 | - | - | 86 | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
1.7m | 1.7m | 1.7m | 1.7m | 1.2m | 1.3m | 1.4m | 1.4m | 1.3m | 1.3m | 1.2m | 1.1m | 1.0m | 992,565 | 618,778 | |
10/15 |
1.3m | 1.5m | 1.4m | 1.3m | 388,097 | 447,568 | 447,180 | 393,945 | 347,003 | 281,764 | 238,625 | 178,931 | 154,125 | 147,159 | 105,177 | |
10/11 |
39,436 | 39,436 | 39,436 | 39,436 | 20,000 | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
100 |
- | - | - | - | - | - | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | |
11 |
- | - | - | - | - | 20,000 | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 20,000 | - | - | - | - | - | - | - | - | - | |
13 |
1.3m | 1.4m | 1.4m | 1.3m | 366,943 | 426,637 | 426,249 | 373,014 | 326,072 | 260,833 | 217,694 | 158,000 | 134,000 | 127,000 | 82,000 | |
130/1 |
- | 25,921 | 25,921 | 25,921 | 2,000 | 2,000 | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | |
1311 |
- | 25,921 | 25,921 | 25,921 | 2,000 | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | 2,000 | - | - | - | - | - | - | - | - | - | |
132 |
52,129 | 52,129 | 52,129 | 52,129 | - | - | - | - | - | - | - | - | - | - | - | |
133 |
1.2m | 1.4m | 1.3m | 1.2m | 364,943 | 424,637 | 424,249 | 371,014 | 324,072 | 258,833 | 215,694 | 156,000 | 132,000 | 125,000 | 80,000 | |
14 |
- | 1,155 | 1,155 | 1,155 | 1,155 | 931 | 931 | 931 | 931 | 931 | 931 | 931 | 125 | 159 | 3,177 | |
17/49 |
407,144 | 223,567 | 277,937 | 347,919 | 796,013 | 851,907 | 912,126 | 962,039 | 906,719 | 1.0m | 964,640 | 930,244 | 850,993 | 845,406 | 513,601 | |
17 |
- | 16,636 | 46,619 | 75,382 | 102,989 | 129,479 | 166,073 | 209,368 | 251,402 | 292,202 | 246,690 | 267,343 | 287,190 | 306,235 | 324,510 | |
170/4 |
- | 16,636 | 46,619 | 75,382 | 102,989 | 129,479 | 166,073 | 209,368 | 251,402 | 292,202 | 246,690 | 267,343 | 287,190 | 306,235 | 324,510 | |
42/48 |
393,771 | 195,789 | 231,090 | 272,537 | 693,024 | 722,428 | 746,012 | 752,671 | 655,317 | 708,458 | 692,950 | 662,901 | 563,535 | 507,903 | 189,092 | |
42 |
16,636 | 29,982 | 28,764 | 27,607 | 26,490 | 36,594 | 44,858 | 42,034 | 40,800 | 39,608 | 20,653 | 19,847 | 19,045 | 18,275 | 17,501 | |
43 |
- | - | 10,150 | 20,111 | 5,026 | 3,347 | 4,013 | 4,691 | - | 17,071 | - | 8,395 | - | - | - | |
430/8 |
- | - | 10,150 | 20,111 | 5,026 | 3,347 | 4,013 | 4,691 | - | 17,071 | - | 8,395 | - | - | - | |
44 |
19,147 | 21,895 | 19,226 | 16,718 | 3,592 | 12,516 | 4,047 | 7,591 | 2,154 | 21,290 | 5,156 | 18,214 | 14,429 | 117,763 | 26,327 | |
440/4 |
19,147 | 21,895 | 19,226 | 16,718 | 3,592 | 12,516 | 4,047 | 7,591 | 2,154 | 21,290 | 5,156 | 18,214 | 14,429 | 117,763 | 26,327 | |
45 |
12,271 | 12,932 | 10,704 | 12,494 | 13,571 | 14,224 | 20,876 | 14,092 | 27,475 | 30,296 | 52,051 | 25,449 | 19,000 | 67,965 | 16,546 | |
450/3 |
12,271 | 12,932 | 10,704 | 3,864 | 8,732 | 7,403 | 14,359 | 9,167 | 21,556 | 18,921 | 41,610 | 15,711 | 9,684 | 55,548 | 16,546 | |
454/9 |
- | - | - | 8,630 | 4,839 | 6,821 | 6,517 | 4,926 | 5,918 | 11,375 | 10,441 | 9,738 | 9,316 | 12,417 | - | |
47/48 |
345,717 | 130,980 | 162,247 | 195,607 | 644,345 | 655,748 | 672,217 | 684,263 | 584,888 | 600,192 | 615,090 | 590,996 | 511,061 | 303,899 | 128,718 | |
492/3 |
13,373 | 11,141 | 229 | - | - | - | 41 | - | - | - | 25,000 | - | 269 | 31,269 | - | |
| Income statement | ||||||||||||||||
76A |
538 | - | 5,992 | - | 1,582 | - | 2,000 | 2,397 | - | - | - | - | - | - | - | |
9900 |
167,519 | 176,657 | 181,994 | 169,848 | 116,115 | 122,281 | 187,796 | 182,414 | 202,845 | 243,295 | 262,568 | 177,037 | 139,820 | 192,930 | 172,340 | |
62 |
- | -18 | 5,546 | 33,081 | 25,085 | 23,256 | 24,525 | 23,115 | 24,031 | 84,090 | 82,678 | 72,318 | 63,759 | 63,819 | - | |
630 |
49,059 | 48,039 | 43,708 | 35,034 | 58,880 | 68,092 | 67,987 | 69,452 | 69,578 | 69,238 | 46,570 | 45,564 | 43,495 | 43,235 | 30,771 | |
640/8 |
4,809 | 5,020 | 3,221 | 4,804 | 4,258 | 2,231 | 3,474 | 3,253 | 3,028 | 1,978 | 4,547 | 5,132 | 870 | 1,412 | 5,445 | |
66A |
- | - | 132 | - | - | - | - | 618 | - | - | 2,317 | - | - | 6,771 | - | |
9901 |
113,652 | 123,616 | 129,387 | 96,930 | 27,891 | 28,702 | 91,810 | 85,976 | 106,207 | 87,990 | 128,774 | 54,022 | 31,696 | 84,464 | 136,124 | |
75/76B |
11,949 | 7,259 | 2,858 | 7,902 | 3,300 | 142 | 1,206 | 214 | 75 | 65 | 80 | 3,645 | 27 | 4,382 | 21 | |
75 |
11,949 | 7,259 | 2,858 | 7,902 | 3,300 | 142 | 1,206 | 214 | 75 | 65 | 80 | 3,645 | 27 | 4,382 | 21 | |
65/66B |
41,384 | 15,291 | 40,814 | 15,042 | 27,940 | 27,852 | 26,926 | 25,127 | 23,727 | 24,383 | 29,066 | 22,576 | 22,410 | 22,643 | 7,902 | |
65 |
41,384 | 15,291 | 40,814 | 15,042 | 27,940 | 27,852 | 26,926 | 25,127 | 23,727 | 24,383 | 29,066 | 22,576 | 22,410 | 22,643 | 7,902 | |
9903 |
84,218 | 115,584 | 91,431 | 89,790 | 3,251 | 992 | 66,090 | 61,064 | 82,555 | 63,672 | 97,471 | 35,092 | 9,312 | 59,432 | 128,244 | |
67/77 |
29,003 | 38,671 | 31,569 | 51,097 | 3,028 | 603 | 12,855 | 14,121 | 17,316 | 20,533 | 37,777 | 10,286 | 2,346 | 17,450 | 43,067 | |
9904 |
55,215 | 76,913 | 59,863 | 38,693 | 223 | 388 | 53,235 | 46,942 | 65,239 | 43,139 | 59,694 | 24,806 | 6,966 | 41,982 | 85,177 | |
9905 |
55,215 | 76,913 | 59,863 | 38,693 | 223 | 388 | 53,235 | 46,942 | 65,239 | 43,139 | 59,694 | 24,806 | 6,966 | 41,982 | 85,177 | |
| Appropriation of the result | ||||||||||||||||
9906 |
56,369 | 78,068 | 61,017 | 151,536 | 1,155 | 1,319 | 54,166 | 47,873 | 66,170 | 44,070 | 60,625 | 24,931 | 7,125 | 45,159 | 85,177 | |
14P |
1,155 | 1,155 | 1,155 | 112,843 | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
239,455 | - | - | - | 59,694 | - | - | - | - | - | - | - | - | - | - | |
691/2 |
56,369 | 76,913 | 59,863 | 150,382 | - | 388 | 53,235 | 46,942 | 65,239 | 43,139 | 59,694 | 24,000 | 7,000 | 45,000 | 82,000 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,000 | |
6921 |
56,369 | 76,913 | 59,863 | 150,382 | - | 388 | 53,235 | 46,942 | 65,239 | 43,139 | 59,694 | 24,000 | 7,000 | 45,000 | 80,000 | |
694/7 |
239,455 | - | - | - | 59,694 | - | - | - | - | - | - | - | - | - | - | |
694 |
239,455 | - | - | - | 59,694 | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||||||
9087 |
- | - | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.9 | 0.9 | 0.9 | 0.8 | 0.8 | 0.8 | - | |
Hours worked1013 |
- | - | - | 382 | 385 | 156 | 399 | 352 | 1,648 | 1,648 | 1,564 | 1,412 | 1,380 | 1,384 | - | |
| Document | ||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00022369 | |
| 30-06-2024 | abbreviated format | 18-12-2024 | 2024-00619206 | |
| 30-06-2023 | abbreviated format | 26-01-2024 | 2024-00008038 | |
| 30-06-2022 | abbreviated format | 31-01-2023 | 2023-00019071 | |
| 30-06-2021 | abbreviated format | 28-01-2022 | 2022-03200407 | |
| 30-06-2020 | abbreviated format | 22-01-2021 | 2021-01400497 | |
| 30-06-2019 | abbreviated format | 10-01-2020 | 2020-00700316 | |
| 30-06-2018 | abbreviated format | 29-01-2019 | 2019-02900425 | |
| 30-06-2017 | abbreviated format | 29-12-2017 | 2017-73500439 | |
| 30-06-2016 | abbreviated format | 23-01-2017 | 2017-01900414 | |
| 30-06-2015 | abbreviated format | 04-01-2016 | 2016-00100538 | |
| 30-06-2014 | abbreviated format | 29-12-2014 | 2014-70900007 | |
| 30-06-2013 | abbreviated format | 04-02-2014 | 2014-02800176 | |
| 30-06-2012 | abbreviated format | 27-12-2012 | 2012-68200402 | |
| 30-06-2011 | abbreviated format | 26-01-2012 | 2012-01700324 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 162,710 | 171,654 | 173,095 | 131,964 | 86,772 | 96,794 | 159,798 | 155,428 | 175,786 | 157,228 | 175,343 | 99,586 | 75,190 | 127,699 | 166,895 | ||
| 104,274 | 124,952 | 103,571 | 73,727 | 59,104 | 68,480 | 121,222 | 116,394 | 134,817 | 112,377 | 106,263 | 70,370 | 50,461 | 85,218 | 115,947 | ||
| 9,751 | 12,176 | 196,714 | 244,107 | 192,968 | 2,919 | 9,262 | 4,135 | 11,352 | 170,013 | 30,248 | 104,468 | 74,953 | 459,718 | 555,675 | ||
| -112,216 | 605 | -184,432 | 251,175 | -256,712 | 35,979 | 55,624 | 147,749 | 96,847 | 62,504 | -23,030 | 34,796 | -17,846 | -53,508 | - | ||
| 108,245 | 267,581 | 173,875 | 295,751 | -504,613 | -282,983 | -311,909 | -380,616 | -448,444 | -531,109 | -493,985 | -576,664 | -533,250 | -458,713 | -95,217 | ||
| 76.0% | 86.9% | 83.4% | 79.4% | 32.8% | 34.4% | 32.9% | 29.1% | 27.7% | 22.0% | 19.8% | 16.1% | 15.3% | 14.8% | 17.0% | ||
| 1.27 | 2.37 | 1.75 | 2.09 | 0.27 | 0.61 | 0.58 | 0.49 | 0.32 | 0.25 | 0.29 | 0.13 | 0.05 | 0.10 | 0.50 | ||
| 1.26 | 2.33 | 1.72 | 2.06 | 0.26 | 0.60 | 0.57 | 0.49 | 0.32 | 0.25 | 0.29 | 0.13 | 0.05 | 0.10 | 0.50 | ||
| 0.31 | 0.15 | 0.20 | 0.26 | 2.05 | 1.90 | 2.04 | 2.44 | 2.61 | 3.55 | 4.04 | 5.20 | 5.52 | 5.74 | 4.88 | ||
| 4.3% | 5.2% | 4.3% | 2.9% | 0.1% | 0.1% | 11.9% | 11.9% | 18.8% | 15.3% | 25.0% | 13.9% | 4.5% | 28.5% | 81.0% | ||
| 3.2% | 4.5% | 3.6% | 2.3% | 0.0% | 0.0% | 3.9% | 3.5% | 5.2% | 3.4% | 5.0% | 2.2% | 0.7% | 4.2% | 13.8% | ||
| 3.93 | 11.23 | 4.24 | 8.77 | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2022 |
|---|---|
| Employees at the balance-sheet date | 1 |
| part-time | 1 |
| in full-time equivalents | 0.2 |
| 0.2 | |
| On a permanent contract | 1 |
Source: social balance sheet in the 2022 annual accounts
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €9,751 | €12,176 | €196,714 | €244,107 |
| €49,059 | €48,039 | €43,708 | €35,034 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 8% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 13.1% to 24.0%. Equity is lower and debt is higher.
TODE has no parent and no holdings in its annual accounts.
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Tode Management registered office Leenbosstraat 15A, 8830 Hooglede | 15-09-2009 | 2.214.298.083 |
| 05-07-2021 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 01-06-2021 · project 2021092172 | Hooglede |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36005D0378/00S000 | 5,247 m² | 1 · 330 m² | 3.9 m · 1 |
If something looks wrong or is missing, please tell us.