Tondelier Development
ActiveTondelier Development has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.17M and a net result of €-1k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 40% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability37▼-1
Solvency45▲+1
Growth85=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €330k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.42 in 2023; short-term debt: 68.2% and cash: 5.8% of total assets), and 79.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
55 d early
2022
33 d early
2021
2 d early
2020
58 d late
2019
61 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€12.88M▼ 29.4%
2023 · €18.25M
2019: €41k
2020: €5k
2021: €45.00M
2022: €17.34M
2023: €18.25M
2019 → 2024
EBIT margin
6.3%▲ 1.1pp
2023 · 5.2%
2019: 1336.5%
2020: 13514.9%
2021: 1.2%
2022: 4.2%
2023: 5.2%
2019 → 2024
Net result
€-1k
2023 · €94k
2018: €-27k
2019: €-27k
2020: €-28k
2021: €91k
2022: €153k
2023: €94k
2018 → 2024
Working capital
€9.58M▲ 1.8%
2023 · €9.41M
2018: €8.36M
2019: €9.10M
2020: €9.11M
2021: €8.98M
2022: €9.30M
2023: €9.41M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€5k-€45.00M▲ 981,639%€17.34M▼ 61.5%€18.25M▲ 5.2%€12.88M▼ 29.4%
Equity€5.84M-€5.93M▲ 1.6%€6.08M▲ 2.6%€6.18M▲ 1.5%€6.17M=
Operating result€619k-€556k▼ 10.2%€731k▲ 31.5%€953k▲ 30.4%€815k▼ 14.5%
Net result€-28k-€91k€153k▲ 68.1%€94k▼ 38.8%€-1k
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 14% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €30.13M
Equity
€6.17M=
Debt
€23.95M▼ 6.6%
The debt ratio falls from 80.6% to 79.5%. Debt is lower.
Key figures and ratios
Solvency
20.5%▲
2023 · 19.4%
Current ratio
1.47▲
2023 · 1.42
Quick ratio
0.21▲
2023 · 0.13
Debt / equity
3.88▼
2023 · 4.15
ROE
0.0%▼
2023 · 1.5%
ROA
0.0%▼
2023 · 0.3%
Debt
€23.95M▼
2023 · €25.64M
Debt ≤ 1 year
€20.55M▼
2023 · €22.41M
Debt > 1 year
€2.90M=
2023 · €2.90M
Income taxes
€2k▼
2023 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€31.81M€30.13M▼
Current assets29/58€31.81M€30.13M▼
Amounts receivable after more than one year29€156k€130k▼
Other amounts receivable291€156k€130k▼
Stocks and contracts in progress3€28.99M€25.83M▼
Stocks30/36€154k€154k=
Property held for sale35€154k€154k=
Contracts in progress37€28.83M€25.67M▼
Amounts receivable within one year40/41€1.80M€2.36M▲
Trade receivables40€1.72M€2.28M▲
Other amounts receivable41€84k€85k▲
Cash at bank and in hand54/58€807k€1.73M▲
Deferred charges and accrued income490/1€60k€74k▲
Equity and liabilities
Total equity and liabilities10/49€31.81M€30.13M▼
Equity10/15€6.18M€6.17M=
Contributions10/11€6.06M€6.06M=
Capital10€6.06M€6.06M=
Issued capital100€6.06M€6.06M=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€109k€107k▼
Amounts payable17/49€25.64M€23.95M▼
Amounts payable after more than one year17€2.90M€2.90M=
Financial debts170/4€2.90M€2.90M=
Subordinated loans170€2.90M€2.90M=
Amounts payable within one year42/48€22.41M€20.55M▼
Financial debts43€10.25M€8.44M▼
Credit institutions430/8€10.25M€8.44M▼
Trade debts44€6.14M€5.73M▼
Suppliers440/4€6.14M€5.73M▼
Advances received on contracts in progress46€1.15M€1.15M=
Taxes, remuneration and social security45€187k-
Taxes450/3€187k-
Other amounts payable47/48€4.68M€5.23M▲
Accrued charges and deferred income492/3€327k€503k▲
Income statement
Code20232024
Operating income70/76A€13.34M€9.84M▼
Turnover70€18.25M€12.88M▼
Change in stocks of work in progress, finished goods and contracts in progress71€-5.36M€-3.11M▲
Other operating income74€458k€80k▼
Operating charges60/66A€12.39M€9.03M▼
Goods for resale, raw materials and consumables60€12.12M€8.96M▼
Purchases600/8€12.12M€8.96M▼
Services and other goods61€71k€67k▼
Other operating charges640/8€202k€1k▼
Operating profit (loss)9901€953k€815k▼
Financial income75/76B€4k€9k▲
Recurring financial income75€4k€9k▲
Other financial income752/9€4k€9k▲
Financial charges65/66B€823k€824k=
Recurring financial charges65€823k€824k=
Debt charges650€803k€782k▼
Other financial charges652/9€20k€42k▲
Profit (loss) for the period before taxes9903€134k€174▼
Income taxes67/77€40k€2k▼
Taxes670/3€40k€2k▼
Profit (loss) for the period9904€94k€-1k▼
Profit (loss) for the period to be appropriated9905€94k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€113k€107k▼
Profit (loss) brought forward from the previous period14P€20k€109k▲
Transfer to equity691/2€5k-
To the legal reserve6920€5k-
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €153k ▲68.1%
Net result €153k, the highest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €91k
Net result €91k after 3 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 58 days late
2020
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
31-12
Financial
Equity above €5MEq €5.87M ▲561%
Equity rises from €888k to €5.87M.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
03-06
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.
Directors · office · real estate
Directors
18 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, Gent · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Industrieweg 769032 GentGround area
2.4 ha
Building footprint
2.9 ha
Volume, LiDAR
221,652 m³
Parcel 44074C0142/00B000, Flanders · tallest building 14.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Industrieweg 76, 9032 Gent
since 20122.207.634.480
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074C0142/00B000 | Flanders | 2.4 ha | 1 · 2.9 ha | 14.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,695 companies in sector 68121 we hold annual accounts for 7,383. 1,632 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-02-2012
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.