True Digital
ActiveSummary
True Digital has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €191,087 and a net result of €13,165. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 61% of 2715 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+3
Solvency85▲+3
Growth52=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.48 in 2024; short-term debt: 40.4% and cash: 34% of total assets), and 40.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.6%
Return on assets
4.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
53 d early
2024
36 d early
2023
35 d early
2022
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, abbreviated schema
Equity
€191,087▲ 7.4%
2024 · €177,922
Total assets
€320,625▲ 2.1%
2024 · €313,931
Net result
€13,165▲ 100%
2024 · €6,577
Working capital
€102,668▲ 57.9%
2024 · €65,012
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€116,107-€78,940▼ 32.0%€10,716▼ 86.4%€13,506▲ 26.0%
Net result€91,269above the sector's middle half-€62,076within the sector's middle half▼ 32.0%€6,577within the sector's middle half▼ 89.4%€13,165within the sector's middle half▲ 100%
Equity€109,269within the sector's middle half-€171,345within the sector's middle half▲ 56.8%€177,922within the sector's middle half▲ 3.8%€191,087within the sector's middle half▲ 7.4%
Total assets€335,132above the sector's middle half-€327,445within the sector's middle half▼ 2.3%€313,931within the sector's middle half▼ 4.1%€320,625within the sector's middle half▲ 2.1%
Debt€225,864-€156,100▼ 30.9%€136,009▼ 12.9%€129,538▼ 4.8%
Working capital-€65,236-€43,163€65,012▲ 50.6%€102,668▲ 57.9%
Solvency32.6%below the sector's middle half-52.3%within the sector's middle half▲ 19.7pp56.7%within the sector's middle half▲ 4.3pp59.6%within the sector's middle half▲ 2.9pp
Staff (FTE)5-4.8within the sector's middle half▼ 4.0%4.6within the sector's middle half▼ 4.2%4.9within the sector's middle half▲ 6.5%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 26% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320,625
Fixed assets
€88,420 ▼ 21.7%
Current assets
€232,206 ▲ 15.5%
Equity and liabilities €320,625
Equity
€191,087 ▲ 7.4%
Debt
€129,538 ▼ 4.8%
Debt's share of the balance-sheet total falls from 43.3% to 40.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43,905▲
2024 · €39,382
Cash flow
€43,565▲
2024 · €35,244
Current ratio
1.79▲
2024 · 1.48
Debt to equity
0.68▼
2024 · 0.76
ROE
6.9%▲
2024 · 3.7%
ROA
4.1%▲
2024 · 2.1%
Interest coverage
18.77▲
2024 · 16.50
Debt ≤ 1 year
€129,538▼
2024 · €136,009
Income taxes
€6,518▲
2024 · €4,537
Staff costs
€253,175▲
2024 · €224,947
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,549 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
1.8%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 2,549 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €202,251 | €231,205 | €224,947 | €253,175 | ▲ 12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,157 | €24,706 | €28,666 | €30,400 | ▲ 6.0% |
| Other operating charges640/8 | - | - | €19,410 | - | - |
| Gross operating margin9900 | €323,514 | €334,851 | €283,740 | €297,080 | ▲ 4.7% |
| Operating profit (loss)9901 | €116,107 | €78,940 | €10,716 | €13,506 | ▲ 26.0% |
| Financial income75/76B | €70 | €5,453 | €2,784 | €8,517 | ▲ 206% |
| Recurring financial income75 | €70 | €5,453 | €2,784 | €4,062 | ▲ 45.9% |
| Non-recurring financial income76B | - | - | - | €4,455 | - |
| Financial charges65/66B | €860 | €4,306 | €2,387 | €2,339 | ▼ 2.0% |
| Recurring financial charges65 | €860 | €4,306 | €2,387 | €2,339 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | €115,317 | €80,087 | €11,114 | €19,683 | ▲ 77.1% |
| Income taxes67/77 | €24,048 | €18,011 | €4,537 | €6,518 | ▲ 43.7% |
| Profit (loss) for the period9904 | €91,269 | €62,076 | €6,577 | €13,165 | ▲ 100% |
| Profit (loss) for the period to be appropriated9905 | €91,269 | €62,076 | €6,577 | €13,165 | ▲ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €335,132 | €327,445 | €313,931 | €320,625 | ▲ 2.1% |
| Fixed assets21/28 | €174,505 | €128,182 | €112,910 | €88,420 | ▼ 21.7% |
| Intangible fixed assets21 | €168,139 | €104,175 | €86,210 | €70,576 | ▼ 18.1% |
| Tangible fixed assets22/27 | €6,366 | €24,007 | €26,700 | €17,844 | ▼ 33.2% |
| Plant, machinery and equipment23 | €6,366 | €19,458 | €21,906 | €14,197 | ▼ 35.2% |
| Furniture and vehicles24 | - | €4,549 | €4,794 | €3,646 | ▼ 23.9% |
| Current assets29/58 | €160,628 | €199,263 | €201,020 | €232,206 | ▲ 15.5% |
| Amounts receivable within one year40/41 | €90,323 | €73,079 | €82,229 | €73,284 | ▼ 10.9% |
| Trade receivables40 | €90,323 | €70,426 | €82,229 | €66,794 | ▼ 18.8% |
| Other amounts receivable41 | - | €2,653 | - | €6,489 | - |
| Current investments50/53 | - | - | - | €50,000 | - |
| Cash at bank and in hand54/58 | €70,305 | €125,346 | €118,533 | €108,922 | ▼ 8.1% |
| Deferred charges and accrued income490/1 | - | €838 | €259 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €335,132 | €327,445 | €313,931 | €320,625 | ▲ 2.1% |
| Equity10/15 | €109,269 | €171,345 | €177,922 | €191,087 | ▲ 7.4% |
| Contributions10/11 | €18,000 | €18,000 | €18,000 | €18,000 | = |
| Reserves13 | €91,269 | €153,345 | €159,922 | €173,087 | ▲ 8.2% |
| Distributable reserves133 | €91,269 | €153,345 | €159,922 | €173,087 | ▲ 8.2% |
| Amounts payable17/49 | €225,864 | €156,100 | €136,009 | €129,538 | ▼ 4.8% |
| Amounts payable within one year42/48 | €225,864 | €156,100 | €136,009 | €129,538 | ▼ 4.8% |
| Financial debts43 | - | €3,916 | €22,531 | €15,887 | ▼ 29.5% |
| Credit institutions430/8 | - | €3,916 | €22,531 | €15,887 | ▼ 29.5% |
| Trade debts44 | €130,891 | €43,885 | €41,063 | €15,595 | ▼ 62.0% |
| Suppliers440/4 | €130,891 | €43,885 | €41,063 | €15,595 | ▼ 62.0% |
| Taxes, remuneration and social security45 | €77,613 | €107,924 | €72,284 | €97,884 | ▲ 35.4% |
| Taxes450/3 | €58,501 | €50,500 | €47,767 | €46,473 | ▼ 2.7% |
| Remuneration and social security454/9 | €19,112 | €57,424 | €24,517 | €51,411 | ▲ 110% |
| Other amounts payable47/48 | €17,360 | €375 | €131 | €173 | ▲ 32.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,269 | €62,076 | €6,577 | €13,165 | ▲ 100% |
| + Depreciation and write-downs630 | €5,157 | €24,706 | €28,666 | €30,400 | ▲ 6.0% |
| Operating cash flow (approximation) | €96,425 | €86,781 | €35,244 | €43,565 | ▲ 23.6% |
| Investment in fixed assets (approximation) | - | €21,617 | -€13,395 | -€5,909 | ▲ 55.9% |
| Change in cash | - | €55,041 | -€6,814 | -€9,611 | ▼ 41.1% |
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
Next filing, fiscal year 2026, expected by
2026
15-09
State Gazette act
Resignation: SUS CONSULT (director)Permanent representative: Pieter Van Baekel5 facts ▸
State Gazette act
Resignation: SUS CONSULT (director)
Permanent representative: Pieter Van Baekel5 facts ▸
- General meeting, 08-09-2026
- Director resignation, SUS CONSULT (director)
- Permanent representative, Pieter Van Baekel (permanent representative)
- Other statement, e-mailadres, finance@truedigital.be
- Other statement, website, https://www.truedigital.be
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €6,577 ▼89.4%
Net result drops to €6,577, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €150,000Eq €171,345 ▲56.8%
2 profitable years in a row build equity to €171,345.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2022
Ground area
2,342 m²
Building footprint
1,841 m²
Volume, LiDAR
64,043 m³
Parcel 21808H0901/00N000, Brussels · tallest building 42.2 m, ±12 floors. Linked by address, not a title deed.
124
companies at this address
See who is registered here
1 establishment unit
True Digital
since 20222.326.355.156
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H0901/00N000 | Brussels | 2,342 m² | 1 · 1,841 m² | 42.2 m · 12 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.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| SUS CONSULT |
|
Structure & network
Owners and holdings
2 ownersOwners 2
- Pieter Van Baekelnatural personSourceown accounts 202350%
- Tom Rochtusnatural personSourceown accounts 202350%
Holdings 0
The accounts to 31-12-2023 list no holdings, and no other source names one.
According to the 2023 annual accounts of True Digital and those 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.
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Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. 14,845 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
Founded14-01-2022
Fiscal year end31-12
Trade name NL
KMO Shops BV
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
46500Wholesale of information and communication equipment
62100Computer programming
70200Business and other management consultancy
73110Advertising agencies
Contact
Website
truedigital.be
Website
www.truedigital.be
E-mail
finance@truedigital.be
E-mail
hallo@truedigital.be
Phone
+32 28289481
E-invoicing
Reachable via Peppol
Peppol ID
0208:0780490011
Also
9925:BE0780490011
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.