TODECO
ActiveSummary
TODECO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€25,814) and a net result of -€4,457. Equity is growing by ~4.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+31
Solvency19▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.32 in 2024; short-term debt: 103.7% and cash: 32.2% of total assets), and equity is negative.
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Signals
Six 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 · 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
-6.1%
Return on assets
-1%
Age of the figures
18 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€25,814
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
29 d late
2023
4 d early
2022
33 d early
2021
176 d late
2020
3 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 19 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€25,814▼ 20.9%
2024 · -€21,357
Total assets
€426,140▼ 1.5%
2024 · €432,536
Net result
-€4,457▲ 35.5%
2024 · -€6,914
Working capital
-€304,902▼ 1.6%
2024 · -€300,076
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€4,400-€3,691€204,339-€6,248-€4,235▲ 32.2%
Net result€4,109-€5,442€175,012-€6,914-€4,457▲ 35.5%
Equity-€27,491▲ 13.0%-€32,934▼ 19.8%-€14,443▲ 56.1%-€21,357▼ 47.9%-€25,814▼ 20.9%
Total assets€521,288▼ 1.7%€512,464▼ 1.7%€560,282▲ 9.3%€432,536▼ 22.8%€426,140▼ 1.5%
Debt€548,780▼ 2.3%€545,398▼ 0.6%€574,725▲ 5.4%€453,893▼ 21.0%€451,953▼ 0.4%
Working capital-€516,045▲ 1.8%-€516,075=-€293,695▲ 43.1%-€300,076▼ 2.2%-€304,902▼ 1.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,235 in 2025 against €6,248 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €426,140
Fixed assets
€288,991 ▼ 1.7%
Current assets
€137,149 ▼ 1.0%
Key figures and ratios
EBITDA
€812▲
2024 · -€1,201
Cash flow
€591▲
2024 · -€1,867
Solvency
-6.1%▼
2024 · -4.9%
Current ratio
0.31▼
2024 · 0.32
Debt to equity
-17.51▲
2024 · -21.25
ROA
-1.0%▲
2024 · -1.6%
Interest coverage
3.67▲
2024 · -1.80
Debt ≤ 1 year
€442,051▲
2024 · €438,574
Debt > 1 year
€9,902▼
2024 · €14,860
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
5.9%
stopped otherwise
90%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,662 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% | 1.7% |
| 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 75% 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 2,799 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €233,154 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,370 | €10,370 | €5,047 | €5,047 | €5,047 | = |
| Other operating charges640/8 | €3,579 | €3,486 | €4,448 | €1,738 | €4,079 | ▲ 135% |
| Non-recurring operating charges66A | - | - | €5,917 | - | - | - |
| Gross operating margin9900 | €18,349 | €10,166 | €219,751 | €537 | €4,891 | ▲ 810% |
| Operating profit (loss)9901 | €4,400 | -€3,691 | €204,339 | -€6,248 | -€4,235 | ▲ 32.2% |
| Financial charges65/66B | €291 | €215 | €248 | €666 | €221 | ▼ 66.8% |
| Recurring financial charges65 | €291 | €215 | €248 | €666 | €221 | ▼ 66.8% |
| Profit (loss) for the period before taxes9903 | €4,109 | -€3,906 | €204,091 | -€6,914 | -€4,457 | ▲ 35.5% |
| Income taxes67/77 | - | €1,536 | €29,079 | - | - | - |
| Profit (loss) for the period9904 | €4,109 | -€5,442 | €175,012 | -€6,914 | -€4,457 | ▲ 35.5% |
| Profit (loss) for the period to be appropriated9905 | €4,109 | -€5,442 | €175,012 | -€6,914 | -€4,457 | ▲ 35.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €521,288 | €512,464 | €560,282 | €432,536 | €426,140 | ▼ 1.5% |
| Fixed assets21/28 | €518,287 | €507,917 | €299,086 | €294,038 | €288,991 | ▼ 1.7% |
| Tangible fixed assets22/27 | €518,287 | €507,917 | €299,086 | €294,038 | €288,991 | ▼ 1.7% |
| Land and buildings22 | €488,554 | €483,141 | €279,268 | €279,178 | €279,089 | = |
| Leasing and similar rights25 | €29,734 | €24,776 | €19,818 | €14,860 | €9,902 | ▼ 33.4% |
| Current assets29/58 | €3,001 | €4,547 | €261,196 | €138,498 | €137,149 | ▼ 1.0% |
| Amounts receivable within one year40/41 | - | €428 | €500 | €511 | - | - |
| Trade receivables40 | - | €428 | - | €511 | - | - |
| Other amounts receivable41 | - | - | €500 | - | - | - |
| Cash at bank and in hand54/58 | €3,001 | €4,119 | €260,696 | €137,964 | €137,124 | ▼ 0.6% |
| Deferred charges and accrued income490/1 | - | - | - | €23 | €25 | ▲ 8.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €521,288 | €512,464 | €560,282 | €432,536 | €426,140 | ▼ 1.5% |
| Equity10/15 | -€27,491 | -€32,934 | -€14,443 | -€21,357 | -€25,814 | ▼ 20.9% |
| Contributions10/11 | €223,104 | €223,104 | €223,104 | €223,104 | €223,104 | = |
| Capital10 | €223,104 | €223,104 | €223,104 | €223,104 | €223,104 | = |
| Issued capital100 | €223,104 | €223,104 | €223,104 | €223,104 | €223,104 | = |
| Revaluation surpluses12 | €434,930 | €434,930 | €278,409 | €278,409 | €278,409 | = |
| Reserves13 | €336,059 | €336,059 | €336,059 | €336,059 | €336,059 | = |
| Non-distributable reserves130/1 | €22,310 | €22,310 | €22,310 | €22,310 | €22,310 | = |
| Legal reserve130 | €22,310 | €22,310 | €22,310 | €22,310 | €22,310 | = |
| Distributable reserves133 | €313,748 | €313,748 | €313,748 | €313,748 | €313,748 | = |
| Profit (loss) carried forward14 | -€1.0m | -€1.0m | -€852,015 | -€858,929 | -€863,385 | ▼ 0.5% |
| Amounts payable17/49 | €548,780 | €545,398 | €574,725 | €453,893 | €451,953 | ▼ 0.4% |
| Amounts payable after more than one year17 | €29,734 | €24,776 | €19,818 | €14,860 | €9,902 | ▼ 33.4% |
| Financial debts170/4 | €29,734 | €24,776 | €19,818 | €14,860 | €9,902 | ▼ 33.4% |
| Amounts payable within one year42/48 | €519,046 | €520,622 | €554,890 | €438,574 | €442,051 | ▲ 0.8% |
| Current portion of amounts payable after more than one year42 | €4,958 | €4,958 | €4,958 | €4,958 | €4,958 | = |
| Trade debts44 | €3,541 | €1,097 | €2,363 | €2,349 | €868 | ▼ 63.1% |
| Suppliers440/4 | €3,541 | €1,097 | €2,363 | €2,349 | €868 | ▼ 63.1% |
| Taxes, remuneration and social security45 | - | - | €29,079 | - | - | - |
| Taxes450/3 | - | - | €29,079 | - | - | - |
| Other amounts payable47/48 | €510,548 | €514,567 | €518,491 | €431,268 | €436,226 | ▲ 1.1% |
| Accrued charges and deferred income492/3 | - | - | €16 | €459 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,109 | -€5,442 | €175,012 | -€6,914 | -€4,457 | ▲ 35.5% |
| + Depreciation and write-downs630 | €10,370 | €10,370 | €5,047 | €5,047 | €5,047 | = |
| Operating cash flow (approximation) | €14,479 | €4,928 | €180,059 | -€1,867 | €591 | ▲ 132% |
| Investment in fixed assets (approximation) | - | €0 | €203,784 | €0 | €0 | - |
| Change in cash | - | €1,118 | €256,577 | -€122,732 | -€840 | ▲ 99.3% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €175,012
Net result €175,012 after one loss-making year.
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 176 days late
2021
31-03
Financial
Back to profitnet €4,109
Net result €4,109 after 2 loss-making years.
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 113 days late
2016
21-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Riemst · 1 establishment unit since 1992
Ground area
591 m²
Parcel 73102B0797/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
St.-Rochusstraat 2, 3770 Riemst
since 19922.058.699.789
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73102B0797/00H000 | Flanders | 591 m² | - | - |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded29-07-1992
Fiscal year end31-03
Contact
E-mail
dewalque.rebecca@telenet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447976088
Registered
22-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.