TSVD
ActiveSummary
TSVD has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €425k and a net result of €191k. Equity is growing by ~42% per year across the filed fiscal years. Its solvency ranks better than 51% of 16546 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+9
Solvency89▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.78 against 7.67 in 2024; short-term debt: 27% and cash: 28.1% of total assets), and 35.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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
64.3%
Return on assets
28.9%
Age of the figures
9 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
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 03-03-2026, 150 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
150 d early
2024
140 d early
2023
145 d early
2022
83 d early
2021
on the day
2020
78 d early
2019
105 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€425k▼ 24.0%
2024 · €558k
2018: €61k
2019: €64k
2020: €105k
2021: €222k
2022: €327k
2023: €431k
2024: €558k
2018 → 2025
Total assets
€660k▼ 8.7%
2024 · €723k
2018: €488k
2019: €493k
2020: €454k
2021: €573k
2022: €591k
2023: €644k
2024: €723k
2018 → 2025
Net result
€191k▲ 49.6%
2024 · €128k
2018: €47k
2019: €87k
2020: €73k
2021: €159k
2022: €105k
2023: €104k
2024: €128k
2018 → 2025
Working capital
€317k▼ 31.7%
2024 · €464k
2018: €41k
2019: €42k
2020: €81k
2021: €200k
2022: €255k
2023: €352k
2024: €464k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€222k-€327k▲ 47.4%€431k▲ 31.9%€558k▲ 29.6%€425k▼ 24.0%
Operating result€237k-€156k▼ 34.3%€157k▲ 0.7%€183k▲ 16.4%€271k▲ 48.6%
Net result€159k-€105k▼ 34.1%€104k▼ 0.6%€128k▲ 22.3%€191k▲ 49.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 49% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €660k
Fixed assets
€165k ▼ 13.0%
Current assets
€495k ▼ 7.2%
Equity and liabilities €660k
Equity
€425k ▼ 24.0%
Debt
€235k ▲ 42.7%
Debt's share of the balance-sheet total rises from 22.8% to 35.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€322k▲
2024 · €234k
Cash flow
€242k▲
2024 · €179k
Current ratio
2.78▼
2024 · 7.67
Quick ratio
2.73▼
2024 · 7.53
Debt to equity
0.55▲
2024 · 0.30
ROE
44.9%▲
2024 · 22.8%
ROA
28.9%▲
2024 · 17.6%
Interest coverage
40.04▲
2024 · 27.97
Debt ≤ 1 year
€178k▲
2024 · €70k
Debt > 1 year
€57k▼
2024 · €95k
Income taxes
€84k▲
2024 · €55k
Staff costs
€46k▲
2024 · €46k
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 · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€723k€660k▼
Fixed assets21/28€189k€165k▼
Tangible fixed assets22/27€189k€165k▼
Land and buildings22€60k€44k▼
Plant, machinery and equipment23€61k€71k▲
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26€66k€47k▼
Current assets29/58€534k€495k▼
Amounts receivable after more than one year29€15k€0▼
Other amounts receivable291€15k€0▼
Stocks and contracts in progress3€10k€10k=
Stocks30/36€10k€10k=
Amounts receivable within one year40/41€151k€40k▼
Other amounts receivable41€151k€40k▼
Current investments50/53-€248k
Cash at bank and in hand54/58€337k€185k▼
Deferred charges and accrued income490/1€21k€12k▼
Equity and liabilities
Total equity and liabilities10/49€723k€660k▼
Equity10/15€558k€425k▼
Contributions10/11€100€100=
Reserves13€558k€425k▼
Distributable reserves133€558k€425k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€165k€235k▲
Amounts payable after more than one year17€95k€57k▼
Financial debts170/4€95k€57k▼
Amounts payable within one year42/48€70k€178k▲
Current portion of amounts payable after more than one year42€49k€38k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€18k€31k▲
Taxes450/3€11k€25k▲
Remuneration and social security454/9€7k€7k▲
Other amounts payable47/48-€105k
Income statement
Code20242025
Remuneration, social security and pensions62€46k€46k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€51k▼
Other operating charges640/8€3k€4k▲
Gross operating margin9900€283k€372k▲
Operating profit (loss)9901€183k€271k▲
Financial income75/76B€8k€12k▲
Recurring financial income75€8k€12k▲
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€183k€275k▲
Income taxes67/77€55k€84k▲
Profit (loss) for the period9904€128k€191k▲
Profit (loss) for the period to be appropriated9905€128k€191k▲
Appropriation of the result
Profit (loss) to be appropriated9906€128k€191k▲
Transfer from equity791/2-€325k
Transfer to equity691/2€128k€191k▲
To other reserves6921€128k€191k▲
Profit to be distributed694/7-€325k
Return on contributions (dividend)694-€325k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €191k ▲49.6%
Operating result €271k, net result €191k, both a record.
13-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €558k ▲29.6%
7 profitable years in a row build equity to €558k.
08-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200kEq €222k ▲112%
4 profitable years in a row build equity to €222k.
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €100kEq €105k ▲62.7%
3 profitable years in a row build equity to €105k.
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Tervuren · 1 establishment unit since 2010
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.
Stationsstraat 403080 TervurenGround area
1,203 m²
Building footprint
167 m²
Volume, LiDAR
966 m³
Parcel 24114B0123/00D003, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Stationsstraat 40, 3080 Tervuren
since 20102.187.788.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24114B0123/00D003 | Flanders | 1,203 m² | 1 · 167 m² | 8.9 m · 2 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.
Similar companies · same sector, comparable size
SCHMIT FREDERIC
BE 0874.475.883
Etterbeek · Eq €424,565
VIRTAND
BE 0883.322.877
Brasschaat · Eq €424,892
JUST SMILING
BE 0832.566.341
Visé · Eq €424,323
BV ORTHODONTIE COX
BE 0763.757.313
Zonhoven · Eq €425,775
HM Dental Care
BE 0823.512.974
Beersel · Eq €423,422
Of 6,942 companies in sector 86230 we hold annual accounts for 4,291. 3,571 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.