"TVD ENGINEERING"
ActiveSummary
"TVD ENGINEERING" has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170k and a net result of €101k. Equity is growing by ~31.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 6.97 against 12.66 in 2024; short-term debt: 12.5% and cash: 67.2% of total assets), and 12.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
87.1%
Return on assets
51.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 03-12-2025, 148 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
148 d early
2024
152 d early
2023
21 d early
2022
108 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€170k▼ 37.9%
2024 · €274k
2022: €96klowest in 4 years
2023: €181k▲ +89.6% vs 2022
2024: €274k▲ +51.2% vs 2023highest in 4 years
2025: €170k▼ -37.9% vs 2024
2022 → 2025
Total assets
€195k▼ 35.7%
2024 · €304k
2022: €142klowest in 4 years
2023: €222k▲ +57.1% vs 2022
2024: €304k▲ +36.6% vs 2023highest in 4 years
2025: €195k▼ -35.7% vs 2024
2022 → 2025
Net result
€101k▲ 9.1%
2024 · €93k
2022: €91k
2023: €86k▼ -5.5% vs 2022lowest in 4 years
2024: €93k▲ +8.3% vs 2023
2025: €101k▲ +9.1% vs 2024highest in 4 years
2022 → 2025
Working capital
€146k▼ 40.9%
2024 · €247k
2022: €88klowest in 4 years
2023: €152k▲ +72.6% vs 2022
2024: €247k▲ +62.5% vs 2023highest in 4 years
2025: €146k▼ -40.9% vs 2024
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€96k-€181k▲ 89.6%€274k▲ 51.2%€170k▼ 37.9%
2022: €96klowest in 4 years
2023: €181k▲ +89.6% vs 2022
2024: €274k▲ +51.2% vs 2023highest in 4 years
2025: €170k▼ -37.9% vs 2024
Operating result€116k-€108k▼ 7.0%€118k▲ 9.0%€129k▲ 9.7%
2022: €116k
2023: €108k▼ -7.0% vs 2022lowest in 4 years
2024: €118k▲ +9.0% vs 2023
2025: €129k▲ +9.7% vs 2024highest in 4 years
Net result€91k-€86k▼ 5.5%€93k▲ 8.3%€101k▲ 9.1%
2022: €91k
2023: €86k▼ -5.5% vs 2022lowest in 4 years
2024: €93k▲ +8.3% vs 2023
2025: €101k▲ +9.1% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €195k
Fixed assets
€25k ▼ 30.0%
Current assets
€170k ▼ 36.5%
Equity and liabilities €195k
Equity
€170k ▼ 37.9%
Debt
€25k ▼ 15.8%
Debt's share of the balance-sheet total rises from 9.8% to 12.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€140k▲
2024 · €128k
Cash flow
€112k▲
2024 · €103k
Current ratio
6.97▼
2024 · 12.66
Debt to equity
0.15▲
2024 · 0.11
ROE
59.4%▲
2024 · 33.8%
ROA
51.8%▲
2024 · 30.5%
Interest coverage
388.02▲
2024 · 324.29
Debt ≤ 1 year
€24k▲
2024 · €21k
Debt > 1 year
€675▼
2024 · €9k
Income taxes
€28k▲
2024 · €25k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€304k€195k▼
Fixed assets21/28€36k€25k▼
Tangible fixed assets22/27€36k€25k▼
Furniture and vehicles24€16k€8k▼
Other tangible fixed assets26€19k€17k▼
Current assets29/58€268k€170k▼
Amounts receivable within one year40/41€42k€37k▼
Trade receivables40€42k€34k▼
Other amounts receivable41€480€2k▲
Cash at bank and in hand54/58€224k€131k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€304k€195k▼
Equity10/15€274k€170k▼
Contributions10/11€5k€5k=
Reserves13€268k€163k▼
Distributable reserves133€268k€163k▼
Profit (loss) carried forward14€1k€2k▲
Amounts payable17/49€30k€25k▼
Amounts payable after more than one year17€9k€675▼
Financial debts170/4€9k€675▼
Amounts payable within one year42/48€21k€24k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€4k€5k▲
Suppliers440/4€4k€5k▲
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Other amounts payable47/48€5k€7k▲
Accrued charges and deferred income492/3€0€25▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€11k=
Other operating charges640/8€1k€1k▼
Gross operating margin9900€130k€141k▲
Operating profit (loss)9901€118k€129k▲
Financial income75/76B€10€1▼
Recurring financial income75€10€1▼
Financial charges65/66B€396€360▼
Recurring financial charges65€396€360▼
Profit (loss) for the period before taxes9903€117k€129k▲
Income taxes67/77€25k€28k▲
Profit (loss) for the period9904€93k€101k▲
Profit (loss) for the period to be appropriated9905€93k€101k▲
Appropriation of the result
Profit (loss) to be appropriated9906€93k€102k▲
Profit (loss) brought forward from the previous period14P€278€1k▲
Transfer from equity791/2-€205k
Transfer to equity691/2€92k€100k▲
To other reserves6921€92k€100k▲
Profit to be distributed694/7-€205k
Return on contributions (dividend)694-€205k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €9k | €11k | €11k | = |
| Other operating charges640/8 | €3k | €1k | €1k | €1k | ▼ 8.6% |
| Gross operating margin9900 | €127k | €118k | €130k | €141k | ▲ 8.7% |
| Operating profit (loss)9901 | €116k | €108k | €118k | €129k | ▲ 9.7% |
| Financial income75/76B | - | €0 | €10 | €1 | ▼ 90.2% |
| Recurring financial income75 | - | €0 | €10 | €1 | ▼ 90.2% |
| Financial charges65/66B | €1k | €532 | €396 | €360 | ▼ 9.0% |
| Recurring financial charges65 | €1k | €532 | €396 | €360 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | €115k | €107k | €117k | €129k | ▲ 9.7% |
| Income taxes67/77 | €24k | €22k | €25k | €28k | ▲ 12.3% |
| Profit (loss) for the period9904 | €91k | €86k | €93k | €101k | ▲ 9.1% |
| Profit (loss) for the period to be appropriated9905 | €91k | €86k | €93k | €101k | ▲ 9.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €142k | €222k | €304k | €195k | ▼ 35.7% |
| Fixed assets21/28 | €32k | €46k | €36k | €25k | ▼ 30.0% |
| Tangible fixed assets22/27 | €32k | €46k | €36k | €25k | ▼ 30.0% |
| Furniture and vehicles24 | €32k | €24k | €16k | €8k | ▼ 49.1% |
| Other tangible fixed assets26 | - | €22k | €19k | €17k | ▼ 14.3% |
| Current assets29/58 | €110k | €176k | €268k | €170k | ▼ 36.5% |
| Amounts receivable within one year40/41 | €40k | €38k | €42k | €37k | ▼ 13.1% |
| Trade receivables40 | €39k | €38k | €42k | €34k | ▼ 18.0% |
| Other amounts receivable41 | €611 | €0 | €480 | €2k | ▲ 409% |
| Cash at bank and in hand54/58 | €68k | €136k | €224k | €131k | ▼ 41.2% |
| Deferred charges and accrued income490/1 | €2k | €2k | €3k | €2k | ▼ 7.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €142k | €222k | €304k | €195k | ▼ 35.7% |
| Equity10/15 | €96k | €181k | €274k | €170k | ▼ 37.9% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Reserves13 | €90k | €176k | €268k | €163k | ▼ 39.2% |
| Distributable reserves133 | €90k | €176k | €268k | €163k | ▼ 39.2% |
| Profit (loss) carried forward14 | €620 | €278 | €1k | €2k | ▲ 113% |
| Amounts payable17/49 | €46k | €41k | €30k | €25k | ▼ 15.8% |
| Amounts payable after more than one year17 | €24k | €17k | €9k | €675 | ▼ 92.2% |
| Financial debts170/4 | €24k | €17k | €9k | €675 | ▼ 92.2% |
| Amounts payable within one year42/48 | €22k | €24k | €21k | €24k | ▲ 15.4% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €8k | €8k | ▲ 1.5% |
| Trade debts44 | €3k | €9k | €4k | €5k | ▲ 47.9% |
| Suppliers440/4 | €3k | €9k | €4k | €5k | ▲ 47.9% |
| Taxes, remuneration and social security45 | €6k | €4k | €5k | €4k | ▼ 13.4% |
| Taxes450/3 | €4k | €4k | €5k | €4k | ▼ 13.4% |
| Remuneration and social security454/9 | €2k | €0 | - | - | - |
| Other amounts payable47/48 | €5k | €3k | €5k | €7k | ▲ 39.3% |
| Accrued charges and deferred income492/3 | - | €450 | €0 | €25 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91k | €86k | €93k | €101k | ▲ 9.1% |
| + Depreciation and write-downs630 | €8k | €9k | €11k | €11k | = |
| Operating cash flow (approximation) | €98k | €95k | €103k | €112k | ▲ 8.1% |
| Investment in fixed assets (approximation) | - | €-23k | €0 | €0 | - |
| Change in cash | - | €69k | €87k | €-92k | ▼ 205% |
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
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-09
Financial
Highest result since 2022net €101k ▲9.1%
Operating result €129k, net result €101k, both a record.
2024
29-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-09
Financial
Equity above €200kEq €274k ▲51.2%
3 profitable years in a row build equity to €274k.
09-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €86k ▼5.5%
Net result drops to €86k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €150kEq €181k ▲89.6%
2 profitable years in a row build equity to €181k.
12-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Alveringem · 1 establishment unit since 2021
Ground area
1,121 m²
Building footprint
150 m²
Volume, LiDAR
827 m³
Parcel 38002D1066/00B000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TVD ENGINEERING
since 20212.321.707.074
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38002D1066/00B000 | Flanders | 1,121 m² | 1 · 150 m² | 8.0 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 901 EUR awarded · 901 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 280 EUR | 280 EUR |
| 2022 | 1 | 621 EUR | 621 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 5,213 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
Founded21-09-2021
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.