TO-DO
ActiveSummary
TO-DO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92k and a net result of €19k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▲+31
Solvency94▲+44
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.55 against 1.12 in 2024; short-term debt: 22.9% and cash: 38.2% of total assets), and 31.1% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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
68.9%
Return on assets
14.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
27 d late
2023
31 d late
2022
12 d late
2021
16 d late
2020
24 d late
2019
9 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€92k▲ 26.4%
2024 · €73k
2018: €27klowest in 8 years
2019: €29k▲ +6.6% vs 2018
2020: €54k▲ +86.5% vs 2019
2021: €67k▲ +23.6% vs 2020
2022: €75k▲ +12.7% vs 2021
2023: €79k▲ +4.7% vs 2022
2024: €73k▼ -7.5% vs 2023
2025: €92k▲ +26.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€133k▼ 55.0%
2024 · €296k
2018: €253k
2019: €239k▼ -5.5% vs 2018
2020: €297k▲ +24.2% vs 2019
2021: €267k▼ -10.1% vs 2020
2022: €306k▲ +14.5% vs 2021highest in 8 years
2023: €297k▼ -3.0% vs 2022
2024: €296k▼ -0.3% vs 2023
2025: €133k▼ -55.0% vs 2024lowest in 8 years
2018 → 2025
Net result
€19k
2024 · €-6k
2018: €6k
2019: €2k▼ -69.8% vs 2018
2020: €31k▲ +1629% vs 2019highest in 8 years
2021: €13k▼ -59.1% vs 2020
2022: €8k▼ -33.3% vs 2021
2023: €4k▼ -58.5% vs 2022
2024: €-6k▼ -269% vs 2023lowest in 8 years
2025: €19k▲ +423% vs 2024
2018 → 2025
Working capital
€78k▲ 531%
2024 · €12k
2018: €-1k
2019: €-7k▼ -472% vs 2018
2020: €-14k▼ -105% vs 2019lowest in 8 years
2021: €12k▲ +184% vs 2020
2022: €14k▲ +12.9% vs 2021
2023: €17k▲ +25.0% vs 2022
2024: €12k▼ -28.2% vs 2023
2025: €78k▲ +531% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€75k▲ 12.7%€79k▲ 4.7%€73k▼ 7.5%€92k▲ 26.4%
2021: €67klowest in 5 years
2022: €75k▲ +12.7% vs 2021
2023: €79k▲ +4.7% vs 2022
2024: €73k▼ -7.5% vs 2023
2025: €92k▲ +26.4% vs 2024highest in 5 years
Operating result€31k-€14k▼ 56.0%€11k▼ 19.5%€-1k€35k
2021: €31k
2022: €14k▼ -56.0% vs 2021
2023: €11k▼ -19.5% vs 2022
2024: €-1k▼ -112% vs 2023lowest in 5 years
2025: €35k▲ +2747% vs 2024highest in 5 years
Net result€13k-€8k▼ 33.3%€4k▼ 58.5%€-6k€19k
2021: €13k
2022: €8k▼ -33.3% vs 2021
2023: €4k▼ -58.5% vs 2022
2024: €-6k▼ -269% vs 2023lowest in 5 years
2025: €19k▲ +423% vs 2024highest in 5 years
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 returns to profit in 2025: €35k after a loss of €1k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €133k
Fixed assets
€25k ▼ 86.3%
Current assets
€109k ▼ 7.0%
Equity and liabilities €133k
Equity
€92k ▲ 26.4%
Debt
€41k ▼ 81.4%
Debt's share of the balance-sheet total falls from 75.5% to 31.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▲
2024 · €25k
Cash flow
€35k▲
2024 · €21k
Current ratio
3.55▲
2024 · 1.12
Quick ratio
3.08▲
2024 · 0.94
Debt to equity
0.45▼
2024 · 3.08
ROE
20.9%▲
2024 · -8.2%
ROA
14.4%▲
2024 · -2.0%
Interest coverage
6.82▲
2024 · 4.77
Debt ≤ 1 year
€31k▼
2024 · €104k
Debt > 1 year
€11k▼
2024 · €119k
Income taxes
€8k▲
2024 · €-433
Staff costs
€66k▼
2024 · €74k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€296k€133k▼
Fixed assets21/28€179k€25k▼
Tangible fixed assets22/27€179k€25k▼
Land and buildings22€139k-
Plant, machinery and equipment23€5k€2k▼
Furniture and vehicles24€35k€23k▼
Current assets29/58€117k€109k▼
Stocks and contracts in progress3€19k€14k▼
Stocks30/36€19k€14k▼
Amounts receivable within one year40/41€82k€43k▼
Trade receivables40€57k€32k▼
Other amounts receivable41€25k€11k▼
Cash at bank and in hand54/58€13k€51k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€296k€133k▼
Equity10/15€73k€92k▲
Contributions10/11€19k€19k=
Reserves13€52k€71k▲
Distributable reserves133€52k€71k▲
Profit (loss) carried forward14€2k€2k=
Amounts payable17/49€223k€41k▼
Amounts payable after more than one year17€119k€11k▼
Financial debts170/4€119k€11k▼
Amounts payable within one year42/48€104k€31k▼
Current portion of amounts payable after more than one year42€32k€16k▼
Trade debts44€53k€2k▼
Suppliers440/4€53k€2k▼
Taxes, remuneration and social security45€19k€8k▼
Taxes450/3€13k€8k▼
Remuneration and social security454/9€6k-
Other amounts payable47/48-€4k
Income statement
Code20242025
Remuneration, social security and pensions62€74k€66k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€16k▼
Other operating charges640/8€3k€5k▲
Gross operating margin9900€103k€122k▲
Operating profit (loss)9901€-1k€35k▲
Financial income75/76B€236€190▼
Recurring financial income75€236€190▼
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€-6k€27k▲
Income taxes67/77€-433€8k▲
Profit (loss) for the period9904€-6k€19k▲
Profit (loss) for the period to be appropriated9905€-6k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€22k▲
Profit (loss) brought forward from the previous period14P€8k€2k▼
Transfer to equity691/2-€19k
To other reserves6921-€19k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €238 | €48k | €51k | €74k | €66k | ▼ 10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €30k | €26k | €27k | €16k | ▼ 40.6% |
| Other operating charges640/8 | €1k | €1k | €2k | €3k | €5k | ▲ 49.2% |
| Gross operating margin9900 | €60k | €92k | €90k | €103k | €122k | ▲ 18.5% |
| Operating profit (loss)9901 | €31k | €14k | €11k | €-1k | €35k | ▲ 2,747% |
| Financial income75/76B | €1k | €765 | €953 | €236 | €190 | ▼ 19.5% |
| Recurring financial income75 | €1k | €765 | €953 | €236 | €190 | ▼ 19.5% |
| Financial charges65/66B | €15k | €5k | €5k | €5k | €7k | ▲ 39.8% |
| Recurring financial charges65 | €5k | €5k | €5k | €5k | €7k | ▲ 39.8% |
| Non-recurring financial charges66B | €10k | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €17k | €10k | €7k | €-6k | €27k | ▲ 532% |
| Income taxes67/77 | €5k | €1k | €3k | €-433 | €8k | ▲ 2,017% |
| Profit (loss) for the period9904 | €13k | €8k | €4k | €-6k | €19k | ▲ 423% |
| Profit (loss) for the period to be appropriated9905 | €13k | €8k | €4k | €-6k | €19k | ▲ 423% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €267k | €306k | €297k | €296k | €133k | ▼ 55.0% |
| Fixed assets21/28 | €206k | €221k | €196k | €179k | €25k | ▼ 86.3% |
| Tangible fixed assets22/27 | €206k | €221k | €196k | €179k | €25k | ▼ 86.3% |
| Land and buildings22 | €163k | €153k | €143k | €139k | - | - |
| Plant, machinery and equipment23 | €7k | €9k | €7k | €5k | €2k | ▼ 61.3% |
| Furniture and vehicles24 | €36k | €59k | €47k | €35k | €23k | ▼ 35.7% |
| Current assets29/58 | €62k | €85k | €101k | €117k | €109k | ▼ 7.0% |
| Stocks and contracts in progress3 | €3k | €16k | €8k | €19k | €14k | ▼ 24.9% |
| Stocks30/36 | €3k | €16k | €8k | €19k | €14k | ▼ 24.9% |
| Amounts receivable within one year40/41 | €42k | €59k | €84k | €82k | €43k | ▼ 46.8% |
| Trade receivables40 | €23k | €26k | €63k | €57k | €32k | ▼ 43.9% |
| Other amounts receivable41 | €19k | €33k | €21k | €25k | €11k | ▼ 53.6% |
| Cash at bank and in hand54/58 | €16k | €1k | €6k | €13k | €51k | ▲ 299% |
| Deferred charges and accrued income490/1 | - | €8k | €3k | €3k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €267k | €306k | €297k | €296k | €133k | ▼ 55.0% |
| Equity10/15 | €67k | €75k | €79k | €73k | €92k | ▲ 26.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €40k | €48k | €52k | €52k | €71k | ▲ 37.2% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €38k | €46k | €52k | €52k | €71k | ▲ 37.2% |
| Profit (loss) carried forward14 | €8k | €8k | €8k | €2k | €2k | = |
| Amounts payable17/49 | €201k | €231k | €218k | €223k | €41k | ▼ 81.4% |
| Amounts payable after more than one year17 | €151k | €160k | €135k | €119k | €11k | ▼ 90.8% |
| Financial debts170/4 | €151k | €160k | €135k | €119k | €11k | ▼ 90.8% |
| Amounts payable within one year42/48 | €49k | €71k | €83k | €104k | €31k | ▼ 70.7% |
| Current portion of amounts payable after more than one year42 | €25k | €32k | €25k | €32k | €16k | ▼ 51.0% |
| Trade debts44 | €19k | €27k | €38k | €53k | €2k | ▼ 95.7% |
| Suppliers440/4 | €19k | €27k | €38k | €53k | €2k | ▼ 95.7% |
| Taxes, remuneration and social security45 | €6k | €12k | €21k | €19k | €8k | ▼ 57.4% |
| Taxes450/3 | €6k | €8k | €15k | €13k | €8k | ▼ 38.3% |
| Remuneration and social security454/9 | - | €3k | €5k | €6k | - | - |
| Other amounts payable47/48 | - | - | - | - | €4k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €8k | €4k | €-6k | €19k | ▲ 423% |
| + Depreciation and write-downs630 | €27k | €30k | €26k | €27k | €16k | ▼ 40.6% |
| Operating cash flow (approximation) | €40k | €38k | €30k | €21k | €35k | ▲ 69.6% |
| Investment in fixed assets (approximation) | - | €-45k | €-1k | €-9k | €139k | ▲ 1,579% |
| Change in cash | - | €-15k | €4k | €7k | €38k | ▲ 457% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 3.55
Current ratio from 1.12 to 3.55; short-term debt falls from €104k to €31k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
12-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 12 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €31k ▲1,629%
Operating result €44k, net result €31k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
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.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Nijlen · 1 establishment unit since 2005
Ground area
370 m²
Building footprint
116 m²
Volume, LiDAR
817 m³
Parcel 12026D0417/00S005, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TO-DO
since 20052.150.176.036
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026D0417/00S005 | Flanders | 370 m² | 1 · 116 m² | 11.4 m · 3 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 · 4 entries · 6,561 EUR awarded · 6,561 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 930 EUR | 930 EUR |
| 2024 | 1 | 3,750 EUR | 3,750 EUR |
| 2023 | 1 | 270 EUR | 360 EUR |
| 2022 | 1 | 1,611 EUR | 1,521 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Debaled
BE 0737.477.637
Anzegem · Eq €91,726
ELEKTRO SPEECKE
BE 0787.797.574
Ichtegem · Eq €91,782
ELECTRICITE PAQUES
BE 0829.927.743
Courcelles · Eq €91,798
ADC SECURITE
BE 0809.041.960
Blégny · Eq €91,671
GELKA
BE 0639.960.765
Aalst · Eq €91,840
Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 8,815 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
Founded18-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.