TODINI
ActiveSummary
TODINI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-3.92M) and a net result of €-3.00M. Equity is shrinking by ~28.1% per year across the filed fiscal years. Its solvency ranks better than 8% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability26▲+14
Solvency21▼-3
Growth55=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92 against 0.95 in 2023; short-term debt: 103.5% and cash: 7.9% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five 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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
-3.7%
Return on assets
-2.9%
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 €-3.92M
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 14-07-2025, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
13 d early
2022
45 d early
2021
45 d early
2020
30 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€220.79M▼ 25.7%
2023 · €297.12M
2018: €68.71Mlowest in 7 years
2019: €81.80M▲ +19.1% vs 2018
2020: €90.17M▲ +10.2% vs 2019
2021: €250.71M▲ +178% vs 2020
2022: €405.48M▲ +61.7% vs 2021highest in 7 years
2023: €297.12M▼ -26.7% vs 2022
2024: €220.79M▼ -25.7% vs 2023
2018 → 2024
EBIT margin
2.4%▲ 3.9pp
2023 · -1.6%
2018: 10.7%highest in 7 years
2019: 6.1%▼ -43.3% vs 2018
2020: 2.4%▼ -61.3% vs 2019
2021: 6.6%▲ +180% vs 2020
2022: 6.3%▼ -4.7% vs 2021
2023: -1.6%▼ -125% vs 2022lowest in 7 years
2024: 2.4%▲ +251% vs 2023
2018 → 2024
Net result
€-3.00M▲ 61.4%
2023 · €-7.77M
2018: €4.31M
2019: €3.06M▼ -28.9% vs 2018
2020: €2.02M▼ -34.2% vs 2019
2021: €9.88M▲ +390% vs 2020
2022: €13.16M▲ +33.3% vs 2021highest in 7 years
2023: €-7.77M▼ -159% vs 2022lowest in 7 years
2024: €-3.00M▲ +61.4% vs 2023
2018 → 2024
Working capital
€-8.47M▼ 35.4%
2023 · €-6.26M
2018: €4.61M
2019: €3.44M▼ -25.3% vs 2018
2020: €2.36M▼ -31.4% vs 2019
2021: €3.22M▲ +36.2% vs 2020
2022: €7.30M▲ +127% vs 2021highest in 7 years
2023: €-6.26M▼ -186% vs 2022
2024: €-8.47M▼ -35.4% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€90.17M-€250.71M▲ 178%€405.48M▲ 61.7%€297.12M▼ 26.7%€220.79M▼ 25.7%
2020: €90.17Mlowest in 5 years
2021: €250.71M▲ +178% vs 2020
2022: €405.48M▲ +61.7% vs 2021highest in 5 years
2023: €297.12M▼ -26.7% vs 2022
2024: €220.79M▼ -25.7% vs 2023
Equity€2.29M-€10.15M▲ 344%€13.43M▲ 32.4%€-920k€-3.92M▼ 326%
2020: €2.29M
2021: €10.15M▲ +344% vs 2020
2022: €13.43M▲ +32.4% vs 2021highest in 5 years
2023: €-920k▼ -107% vs 2022
2024: €-3.92M▼ -326% vs 2023lowest in 5 years
Operating result€2.12M-€16.52M▲ 679%€25.47M▲ 54.1%€-4.67M€5.25M
2020: €2.12M
2021: €16.52M▲ +679% vs 2020
2022: €25.47M▲ +54.1% vs 2021highest in 5 years
2023: €-4.67M▼ -118% vs 2022lowest in 5 years
2024: €5.25M▲ +212% vs 2023
Net result€2.02M-€9.88M▲ 390%€13.16M▲ 33.3%€-7.77M€-3.00M▲ 61.4%
2020: €2.02M
2021: €9.88M▲ +390% vs 2020
2022: €13.16M▲ +33.3% vs 2021highest in 5 years
2023: €-7.77M▼ -159% vs 2022lowest in 5 years
2024: €-3.00M▲ +61.4% vs 2023
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5.25M after a loss of €4.67M in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €105.08M
Fixed assets
€4.77M ▼ 14.3%
Current assets
€100.31M ▼ 10.6%
Key figures and ratios
EBITDA
€6.05M▲
2023 · €-3.87M
Cash flow
€-2.20M▲
2023 · €-6.98M
Solvency
-3.7%▼
2023 · -0.8%
Current ratio
0.92▼
2023 · 0.95
Quick ratio
0.58▲
2023 · 0.52
Debt to equity
-27.82
ROA
-2.9%▲
2023 · -6.6%
Interest coverage
0.93▲
2023 · -0.79
Debt
€109.00M▼
2023 · €118.68M
Debt ≤ 1 year
€108.78M▼
2023 · €118.45M
Income taxes
€257▲
2023 · €0
Staff costs
€551k▲
2023 · €467k
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 · 2024 against 2023 · 72 lines
Balance sheet
Code20232024
Assets
Total assets20/58€117.76M€105.08M▼
Fixed assets21/28€5.56M€4.77M▼
Intangible fixed assets21€5.53M€4.74M▼
Tangible fixed assets22/27€26k€19k▼
Plant, machinery and equipment23€25k€18k▼
Furniture and vehicles24€1k€864▼
Financial fixed assets28€7k€8k▲
Other financial fixed assets284/8€7k€8k▲
Amounts receivable and cash guarantees285/8€7k€8k▲
Current assets29/58€112.20M€100.31M▼
Stocks and contracts in progress3€50.82M€36.99M▼
Stocks30/36€50.82M€36.99M▼
Goods purchased for resale34€50.82M€36.99M▼
Amounts receivable within one year40/41€47.16M€55.00M▲
Trade receivables40€45.51M€53.65M▲
Other amounts receivable41€1.65M€1.35M▼
Cash at bank and in hand54/58€14.22M€8.32M▼
Deferred charges and accrued income490/1€0€79▲
Equity and liabilities
Total equity and liabilities10/49€117.76M€105.08M▼
Equity10/15€-920k€-3.92M▼
Contributions10/11€250k€250k=
Reserves13€6.60M€25k▼
Non-distributable reserves130/1€25k€25k=
Reserves not available under the articles1311€25k-
Other1319-€25k
Distributable reserves133€6.58M€0▼
Profit (loss) carried forward14€-7.77M€-4.19M▲
Amounts payable17/49€118.68M€109.00M▼
Amounts payable within one year42/48€118.45M€108.78M▼
Financial debts43€55.47M€65.23M▲
Credit institutions430/8€55.47M€65.23M▲
Trade debts44€57.77M€43.07M▼
Suppliers440/4€57.77M€43.07M▼
Advances received on contracts in progress46€366k€416k▲
Taxes, remuneration and social security45€4.85M€68k▼
Taxes450/3€4.80M€534▼
Remuneration and social security454/9€56k€67k▲
Accrued charges and deferred income492/3€228k€214k▼
Income statement
Code20232024
Operating income70/76A€297.39M€220.84M▼
Turnover70€297.12M€220.79M▼
Other operating income74€267k€51k▼
Operating charges60/66A€302.06M€215.60M▼
Goods for resale, raw materials and consumables60€293.98M€208.56M▼
Purchases600/8€275.92M€194.73M▼
Change in stocks: decrease (increase)609€18.07M€13.83M▼
Services and other goods61€6.80M€5.69M▼
Remuneration, social security and pensions62€467k€551k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€799k€798k▼
Other operating charges640/8€2k€1k▼
Operating profit (loss)9901€-4.67M€5.25M▲
Financial income75/76B€13.55M€10.87M▼
Recurring financial income75€13.55M€10.87M▼
Income from current assets751€28k€13k▼
Other financial income752/9€13.53M€10.86M▼
Financial charges65/66B€16.66M€19.11M▲
Recurring financial charges65€16.66M€19.11M▲
Debt charges650€4.92M€6.50M▲
Other financial charges652/9€11.74M€12.62M▲
Profit (loss) for the period before taxes9903€-7.77M€-3.00M▲
Income taxes67/77€0€257▲
Taxes670/3€0€257▲
Profit (loss) for the period9904€-7.77M€-3.00M▲
Profit (loss) for the period to be appropriated9905€-7.77M€-3.00M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7.77M€-10.77M▼
Profit (loss) brought forward from the previous period14P-€-7.77M
Transfer from equity791/2€6.58M€6.58M=
From reserves792€6.58M€6.58M=
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€6.58M€0▼
Return on contributions (dividend)694€6.58M€0▼
Social balance
Average headcount (FTE)90875.86.0▲
The notes to these accounts (52 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €250.77M | €405.62M | €297.39M | €220.84M | ▼ 25.7% |
| Turnover70 | €90.17M | €250.71M | €405.48M | €297.12M | €220.79M | ▼ 25.7% |
| Other operating income74 | - | €62k | €140k | €267k | €51k | ▼ 80.8% |
| Operating charges60/66A | - | €234.25M | €380.15M | €302.06M | €215.60M | ▼ 28.6% |
| Goods for resale, raw materials and consumables60 | - | €228.35M | €372.37M | €293.98M | €208.56M | ▼ 29.1% |
| Purchases600/8 | - | €249.31M | €396.70M | €275.92M | €194.73M | ▼ 29.4% |
| Change in stocks: decrease (increase)609 | - | €-20.96M | €-24.33M | €18.07M | €13.83M | ▼ 23.5% |
| Services and other goods61 | - | €4.72M | €6.46M | €6.80M | €5.69M | ▼ 16.4% |
| Remuneration, social security and pensions62 | - | €384k | €522k | €467k | €551k | ▲ 17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €925 | €791k | €795k | €799k | €798k | ▼ 0.1% |
| Other operating charges640/8 | - | €1k | €1k | €2k | €1k | ▼ 39.3% |
| Operating profit (loss)9901 | €2.12M | €16.52M | €25.47M | €-4.67M | €5.25M | ▲ 212% |
| Financial income75/76B | - | €5.08M | €18.23M | €13.55M | €10.87M | ▼ 19.8% |
| Recurring financial income75 | €3.69M | €5.08M | €18.23M | €13.55M | €10.87M | ▼ 19.8% |
| Income from current assets751 | - | - | - | €28k | €13k | ▼ 52.4% |
| Other financial income752/9 | - | €5.08M | €18.23M | €13.53M | €10.86M | ▼ 19.7% |
| Non-recurring financial income76B | - | €3k | - | - | - | - |
| Financial charges65/66B | - | €8.12M | €25.74M | €16.66M | €19.11M | ▲ 14.7% |
| Recurring financial charges65 | €3.06M | €8.12M | €25.74M | €16.66M | €19.11M | ▲ 14.7% |
| Debt charges650 | €681k | €1.09M | €3.06M | €4.92M | €6.50M | ▲ 32.0% |
| Other financial charges652/9 | - | €7.03M | €22.68M | €11.74M | €12.62M | ▲ 7.5% |
| Profit (loss) for the period before taxes9903 | €2.75M | €13.48M | €17.96M | €-7.77M | €-3.00M | ▲ 61.4% |
| Income taxes67/77 | €738k | €3.60M | €4.80M | €0 | €257 | - |
| Taxes670/3 | - | €3.60M | €4.80M | €0 | €257 | - |
| Profit (loss) for the period9904 | €2.02M | €9.88M | €13.16M | €-7.77M | €-3.00M | ▲ 61.4% |
| Profit (loss) for the period to be appropriated9905 | €2.02M | €9.88M | €13.16M | €-7.77M | €-3.00M | ▲ 61.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41.97M | €121.99M | €166.92M | €117.76M | €105.08M | ▼ 10.8% |
| Fixed assets21/28 | €5k | €7.11M | €6.36M | €5.56M | €4.77M | ▼ 14.3% |
| Intangible fixed assets21 | - | €7.10M | €6.32M | €5.53M | €4.74M | ▼ 14.3% |
| Tangible fixed assets22/27 | €1k | €3k | €30k | €26k | €19k | ▼ 26.8% |
| Plant, machinery and equipment23 | - | - | €29k | €25k | €18k | ▼ 26.4% |
| Furniture and vehicles24 | - | €3k | €1k | €1k | €864 | ▼ 34.0% |
| Financial fixed assets28 | €4k | €4k | €7k | €7k | €8k | ▲ 13.6% |
| Other financial fixed assets284/8 | - | €4k | €7k | €7k | €8k | ▲ 13.6% |
| Amounts receivable and cash guarantees285/8 | - | €4k | €7k | €7k | €8k | ▲ 13.6% |
| Current assets29/58 | €41.97M | €114.88M | €160.56M | €112.20M | €100.31M | ▼ 10.6% |
| Stocks and contracts in progress3 | €23.60M | €44.56M | €68.89M | €50.82M | €36.99M | ▼ 27.2% |
| Stocks30/36 | - | €44.56M | €68.89M | €50.82M | €36.99M | ▼ 27.2% |
| Goods purchased for resale34 | - | €44.56M | €68.89M | €50.82M | €36.99M | ▼ 27.2% |
| Amounts receivable within one year40/41 | €14.60M | €59.42M | €74.72M | €47.16M | €55.00M | ▲ 16.6% |
| Trade receivables40 | - | €56.46M | €74.72M | €45.51M | €53.65M | ▲ 17.9% |
| Other amounts receivable41 | - | €2.95M | - | €1.65M | €1.35M | ▼ 18.2% |
| Cash at bank and in hand54/58 | €3.76M | €10.90M | €16.96M | €14.22M | €8.32M | ▼ 41.5% |
| Deferred charges and accrued income490/1 | - | €3k | €7k | €0 | €79 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41.97M | €121.99M | €166.92M | €117.76M | €105.08M | ▼ 10.8% |
| Equity10/15 | €2.29M | €10.15M | €13.43M | €-920k | €-3.92M | ▼ 326% |
| Contributions10/11 | - | €250k | €250k | €250k | €250k | = |
| Reserves13 | €2.04M | €9.90M | €13.18M | €6.60M | €25k | ▼ 99.6% |
| Non-distributable reserves130/1 | - | €25k | €25k | €25k | €25k | = |
| Reserves not available under the articles1311 | - | €25k | €25k | €25k | - | - |
| Other1319 | - | - | - | - | €25k | - |
| Distributable reserves133 | - | €9.88M | €13.16M | €6.58M | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | - | €-7.77M | €-4.19M | ▲ 46.1% |
| Amounts payable17/49 | €39.68M | €111.84M | €153.49M | €118.68M | €109.00M | ▼ 8.2% |
| Amounts payable within one year42/48 | €39.60M | €111.66M | €153.27M | €118.45M | €108.78M | ▼ 8.2% |
| Financial debts43 | - | €42.20M | €57.47M | €55.47M | €65.23M | ▲ 17.6% |
| Credit institutions430/8 | - | €42.20M | €57.47M | €55.47M | €65.23M | ▲ 17.6% |
| Trade debts44 | €14.29M | €64.72M | €87.12M | €57.77M | €43.07M | ▼ 25.4% |
| Suppliers440/4 | - | €64.72M | €87.12M | €57.77M | €43.07M | ▼ 25.4% |
| Advances received on contracts in progress46 | - | €354k | €197k | €366k | €416k | ▲ 13.7% |
| Taxes, remuneration and social security45 | - | €4.38M | €8.48M | €4.85M | €68k | ▼ 98.6% |
| Taxes450/3 | - | €4.34M | €8.42M | €4.80M | €534 | ▼ 100.0% |
| Remuneration and social security454/9 | - | €44k | €60k | €56k | €67k | ▲ 20.1% |
| Accrued charges and deferred income492/3 | - | €177k | €224k | €228k | €214k | ▼ 6.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.02M | €9.88M | €13.16M | €-7.77M | €-3.00M | ▲ 61.4% |
| + Depreciation and write-downs630 | €925 | €791k | €795k | €799k | €798k | ▼ 0.1% |
| Operating cash flow (approximation) | €2.02M | €10.67M | €13.95M | €-6.98M | €-2.20M | ▲ 68.5% |
| Investment in fixed assets (approximation) | - | €-7.89M | €-46k | €-4k | €-1k | ▲ 72.2% |
| Change in cash | - | €7.13M | €6.06M | €-2.74M | €-5.89M | ▼ 115% |
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
2025
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-7.77M
Net result drops to €-7.77M, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €13.16M ▲33.3%
Operating result €25.47M, net result €13.16M, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €10MEq €10.15M ▲344%
4 profitable years in a row build equity to €10.15M.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Brugge · 1 establishment unit since 2011
Ground area
5.4 ha
Building footprint
469 m²
Volume, LiDAR
2,713 m³
Parcel 31810N0239/00F000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Todini
since 20112.199.392.252
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31810N0239/00F000 | Flanders | 5.4 ha | 1 · 469 m² | 7.9 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.
Structure & network
Ownership & control
1 parent companyControl over this companyparent company per the LEI register1
Brussel
controls
TODINIBE 0834.075.185
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.199.392.252
Legal Entity Identifier
213800JH8CMDL5FK2879
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Of 537 companies in sector 46120 we hold annual accounts for 304. 61 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
Founded23-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
46120Wholesale trade
46851Wholesale of industrial chemicals
Scores and ratios are computed by Checked and are not a credit decision.