TODI
ActiveSummary
The computed 12-month bankruptcy probability of TODI is 2.3% (moderate). The 2024 annual accounts show negative equity (-€1.1m) and a net result of -€181,621. Equity is shrinking by ~15.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 2937 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-14
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.71 in 2023; short-term debt: 120.6% and cash: 31% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
-225.1%
Return on assets
-36.2%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€1.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
29 d early
2022
26 d early
2021
26 d early
2020
9 d early
2019
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€1.1m▼ 19.2%
2023 · -€946,722
Total assets
€501,163▼ 9.1%
2023 · €551,481
Net result
-€181,621▼ 201%
2023 · -€60,404
Working capital
-€380,976▼ 163%
2023 · -€145,076
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
Line20202021202220232024
Operating result-€388,467▼ 297%-€232,133▲ 40.2%€101,979-€10,656-€129,719▼ 1,117%
Net result-€359,038▼ 159%-€167,179▲ 53.4%€44,254-€60,404-€181,621▼ 201%
Equity-€763,393▼ 88.8%-€930,572▼ 21.9%-€886,318▲ 4.8%-€946,722▼ 6.8%-€1.1m▼ 19.2%
Total assets€473,725▼ 28.0%€428,748▼ 9.5%€589,548▲ 37.5%€551,481▼ 6.5%€501,163▼ 9.1%
Debt€1.2m▲ 16.4%€1.4m▲ 9.9%€1.5m▲ 8.6%€1.5m▲ 1.5%€1.6m▲ 8.8%
Working capital-€156,431€62,018€155,767▲ 151%-€145,076-€380,976▼ 163%
Staff (FTE)30.8▲ 16.2%32.6▲ 5.8%36.2▲ 11.0%44.2▲ 22.1%28.1▼ 36.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result -201% on 2023. Cause not known from the registers.
- 2021 Net result +53% on 2020. Cause not known from the registers.
- 2020 Net result -159%, Equity -89% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €129,719 in 2024 against €10,656 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €501,163
Fixed assets
€277,696 ▲ 39.5%
Current assets
€223,467 ▼ 36.6%
Key figures and ratios
EBITDA
-€62,910▼
2023 · €54,286
Cash flow
-€114,812▼
2023 · €4,538
Solvency
-225.1%▼
2023 · -171.7%
Current ratio
0.37▼
2023 · 0.71
Debt to equity
-1.44▲
2023 · -1.58
ROA
-36.2%▼
2023 · -11.0%
Interest coverage
-1.20▼
2023 · 1.07
Debt ≤ 1 year
€604,443▲
2023 · €497,556
Debt > 1 year
€1.0m▲
2023 · €1.0m
Income taxes
€179▲
2023 · €162
Staff costs
€515,032▼
2023 · €955,203
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 8.5% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.5%
went bankrupt
5.9%
stopped otherwise
83%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 598 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €521,355 | €800,183 | €955,203 | €515,032 | ▼ 46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €91,397 | €50,689 | €57,987 | €64,942 | €66,808 | ▲ 2.9% |
| Other operating charges640/8 | - | €27,064 | €9,240 | €31,972 | €32,127 | ▲ 0.5% |
| Non-recurring operating charges66A | - | - | €3,296 | €1,971 | €18,421 | ▲ 835% |
| Gross operating margin9900 | €280,856 | €366,975 | €972,685 | €1.0m | €502,669 | ▼ 51.8% |
| Operating profit (loss)9901 | -€388,467 | -€232,133 | €101,979 | -€10,656 | -€129,719 | ▼ 1,117% |
| Financial income75/76B | - | €92,444 | €1,030 | €1,283 | €497 | ▼ 61.3% |
| Recurring financial income75 | - | €42 | €1,030 | €1,283 | €497 | ▼ 61.3% |
| Non-recurring financial income76B | - | €92,402 | €0 | - | - | - |
| Financial charges65/66B | - | €27,316 | €58,605 | €50,870 | €52,220 | ▲ 2.7% |
| Recurring financial charges65 | €27,893 | €27,316 | €58,605 | €50,870 | €52,220 | ▲ 2.7% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€358,805 | -€167,006 | €44,404 | -€60,242 | -€181,442 | ▼ 201% |
| Income taxes67/77 | €232 | €173 | €149 | €162 | €179 | ▲ 10.4% |
| Profit (loss) for the period9904 | -€359,038 | -€167,179 | €44,254 | -€60,404 | -€181,621 | ▼ 201% |
| Profit (loss) for the period to be appropriated9905 | -€359,038 | -€167,179 | €44,254 | -€60,404 | -€181,621 | ▼ 201% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €473,725 | €428,748 | €589,548 | €551,481 | €501,163 | ▼ 9.1% |
| Fixed assets21/28 | €208,563 | €186,541 | €180,403 | €199,000 | €277,696 | ▲ 39.5% |
| Intangible fixed assets21 | - | - | €22,500 | €17,500 | €12,500 | ▼ 28.6% |
| Tangible fixed assets22/27 | €207,563 | €185,541 | €156,903 | €180,500 | €264,196 | ▲ 46.4% |
| Plant, machinery and equipment23 | - | €94,650 | €73,369 | €70,985 | €42,940 | ▼ 39.5% |
| Furniture and vehicles24 | - | €17,093 | €17,112 | €12,823 | €9,291 | ▼ 27.5% |
| Other tangible fixed assets26 | - | €73,798 | €66,422 | €96,693 | €211,965 | ▲ 119% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €265,162 | €242,207 | €409,145 | €352,480 | €223,467 | ▼ 36.6% |
| Amounts receivable within one year40/41 | €87,139 | €27,156 | €64,260 | €79,011 | €51,793 | ▼ 34.4% |
| Trade receivables40 | - | €26,559 | €64,260 | €79,011 | €33,410 | ▼ 57.7% |
| Other amounts receivable41 | - | €596 | €0 | - | €18,383 | - |
| Cash at bank and in hand54/58 | €136,801 | €185,575 | €331,608 | €253,664 | €155,397 | ▼ 38.7% |
| Deferred charges and accrued income490/1 | - | €29,476 | €13,277 | €19,805 | €16,278 | ▼ 17.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €473,725 | €428,748 | €589,548 | €551,481 | €501,163 | ▼ 9.1% |
| Equity10/15 | -€763,393 | -€930,572 | -€886,318 | -€946,722 | -€1.1m | ▼ 19.2% |
| Contributions10/11 | €338,485 | €338,485 | €338,485 | €338,485 | €338,485 | = |
| Capital10 | - | €338,485 | €338,485 | €338,485 | €338,485 | = |
| Issued capital100 | - | €338,485 | €338,485 | €338,485 | €338,485 | = |
| Profit (loss) carried forward14 | -€1.1m | -€1.3m | -€1.2m | -€1.3m | -€1.5m | ▼ 14.1% |
| Amounts payable17/49 | €1.2m | €1.4m | €1.5m | €1.5m | €1.6m | ▲ 8.8% |
| Amounts payable after more than one year17 | €815,525 | €1.2m | €1.2m | €1.0m | €1.0m | ▲ 2.4% |
| Financial debts170/4 | - | €1.2m | €1.2m | €1.0m | €1.0m | ▲ 2.4% |
| Amounts payable within one year42/48 | €421,593 | €180,189 | €253,378 | €497,556 | €604,443 | ▲ 21.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €249,258 | €255,506 | ▲ 2.5% |
| Trade debts44 | €41,906 | €81,576 | €127,028 | €111,626 | €285,611 | ▲ 156% |
| Suppliers440/4 | - | €81,576 | €127,028 | €111,626 | €285,611 | ▲ 156% |
| Advances received on contracts in progress46 | - | €39,675 | €17,343 | €10,380 | €14,901 | ▲ 43.6% |
| Taxes, remuneration and social security45 | - | €48,307 | €109,006 | €126,292 | €48,424 | ▼ 61.7% |
| Taxes450/3 | - | €1,211 | €12,642 | €12,040 | €9,430 | ▼ 21.7% |
| Remuneration and social security454/9 | - | €47,096 | €96,364 | €114,253 | €38,994 | ▼ 65.9% |
| Other amounts payable47/48 | - | €10,631 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €2,629 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€359,038 | -€167,179 | €44,254 | -€60,404 | -€181,621 | ▼ 201% |
| + Depreciation and write-downs630 | €91,397 | €50,689 | €57,987 | €64,942 | €66,808 | ▲ 2.9% |
| Operating cash flow (approximation) | -€267,641 | -€116,490 | €102,241 | €4,538 | -€114,812 | ▼ 2,630% |
| Investment in fixed assets (approximation) | - | -€28,667 | -€51,849 | -€83,539 | -€145,504 | ▼ 74.2% |
| Change in cash | - | €48,775 | €146,033 | -€77,944 | -€98,268 | ▼ 26.1% |
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
2026
24-08
State Gazette act
Capital & shares · Statutes amendmentCapital increase · Capital · Bank account15 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital increase · Capital · Bank account15 facts ▸
- General meeting, 20-08-2026
- Capital increase, €450.032,02
- Capital, €788.517,25
- Bank account, KBC Bank NV, 450032.02
- Capital increase, €1.271.101,29
- Capital, €2.059.618,54
- Capital decrease, €1.514.498,87
- Capital, €545.119,67
- Other statement, 20-08-2026
- Auditor report, 20-08-2026
- Auditor report, 20-08-2026
- Statutes amendment, 5
- +3 further facts in this act
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €44,254
Net result €44,254 after 3 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 1.34
Current ratio from 0.63 to 1.34; short-term debt falls from €421,593 to €180,189.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€359,038
Net result drops to -€359,038, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Beringen · 1 establishment unit since 2008
Ground area
3,108 m²
Building footprint
1,460 m²
Parcel 71522C0005/00E023, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Todi
since 20082.174.598.557
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522C0005/00E023 | Flanders | 3,108 m² | 1 · 1,460 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Part of the group
LIMBURGSE RECONVERSIE MAATSCHAPPIJ
23 companies
Group, risk and exposure
Owners and holdings
2 ownersChain of control
Highest known parent: LIMBURGSE RECONVERSIE MAATSCHAPPIJ. The sources do not say who stands above it.
Owners 2
- MIJNENparentSourceaccounts MIJNEN 202551%
-
49%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Shareholders according to the acts
After 2 capital increases
act of 24-08-2026 ↗
- MIJNEN 74,757 shares · 1,721,133.31 EUR in cash
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 24-08-2026 Capital increase of 450,032.02 EUR · to 788,517.25 EUR · 19,547 new shares · in cash
- 24-08-2026 Capital increase of 1,271,101.29 EUR · to 2,059,618.54 EUR · 55,210 new shares · in kind
- 24-08-2026 Capital reduction of 1,514,498.87 EUR · to 545,119.67 EUR · “verlaging van de fractiewaarde van alle bestaande aandelen”
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 2,247 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded27-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
93110Operation of sports facilities
36000Water collection, treatment and supply
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808056025
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.