ACTIVE

TB-D

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Financial year 2025 · closed on 30/09/2025

Net result

-338,4 k €

-100.8% YoY

Gross margin

181,6 k €

-56.6% YoY

Equity

256,6 k €

-56.9% YoY

Workforce

6,4 ETP

-48.4% YoY

What does TB-D do?

TB-D is a Public limited company incorporated in 1973. Its main activity is: Floor and wall covering. Its registered office is in Zulte. It employs on average 6,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.268.795

Incorporation

23/05/1973

Legal form

Public limited company

Registered office

Statiestraat 69
9870 Zulte · FlandreSee on map

Contributed capital

62 602,85 €

Latest accounts

30/09/2025

Average workforce

6,4 ETP

Activities (NACE)

43331Floor and wall covering· main 43331Floor and wall covering 45431Sale, maintenance and repair of motorcycles and related parts and accessories

Joint committees (5)

124
12400
200
2000
218

Signals

Healthy social debts

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	181,6 k €	-56.6%	418,8 k €	-56.8%	969,9 k €	+61.4%	601 k €	-35.1%	926,1 k €	-31.7%	1,4 M €	-17.6%	1,6 M €	+107%	795,6 k €	-45.6%	1,5 M €	-2.6%	1,5 M €	-19.9%	1,9 M €	-1.3%	1,9 M €	+5.1%	1,8 M €	+4.8%	1,7 M €	+8.5%	1,6 M €	+3.5%	1,5 M €
EBITDA	-285,6 k €	+22.2%	-367,3 k €	-277%	207,6 k €	+852%	-27,6 k €	-124%	114,7 k €	-72.6%	418,7 k €	-34.7%	641,4 k €	+711%	79,1 k €	-68.5%	251,3 k €	-3.7%	261 k €	-40.4%	437,9 k €	+14.1%	383,8 k €	-15.9%	456,1 k €	+6.8%	427,1 k €	+47.6%	289,3 k €	+46.1%	198,1 k €
Operating result	-301,1 k €	-68.2%	-179,1 k €	-189%	201 k €	+1231%	-17,8 k €	-123%	78,9 k €	-78.7%	369,7 k €	-35.7%	575,3 k €	+1574%	34,4 k €	-81.0%	181,2 k €	-2.5%	185,8 k €	-45.6%	341,7 k €	+13.2%	301,9 k €	-15.9%	359 k €	+15.2%	311,8 k €	+111%	147,6 k €	+147%	59,7 k €
Net result	-338,4 k €	-101%	-168,5 k €	-197%	173,9 k €	+3502%	4,8 k €	-94.2%	83,5 k €	-65.5%	242,2 k €	-33.0%	361,6 k €	+6845%	5,2 k €	-95.1%	106,5 k €	-4.6%	111,7 k €	-48.3%	215,8 k €	+22.8%	175,7 k €	-25.1%	234,5 k €	+31.8%	177,9 k €	+218%	55,9 k €	+1367%	3,8 k €
Balance sheet
Equity	256,6 k €	-56.9%	595,1 k €	-22.1%	763,6 k €	+0.5%	759,7 k €	-11.1%	854,8 k €	-15.2%	1 M €	0.0%	1 M €	+74.7%	576,9 k €	-45.9%	1,1 M €	+0.0%	1,1 M €	+0.1%	1,1 M €	+0.1%	1,1 M €	+19.8%	888 k €	+21.9%	728,6 k €	+4.0%	700,7 k €	+8.7%	644,8 k €
Total assets	976,3 k €	-41.4%	1,7 M €	-35.2%	2,6 M €	+6.8%	2,4 M €	-3.4%	2,5 M €	-2.8%	2,6 M €	+13.6%	2,3 M €	+41.6%	1,6 M €	-24.7%	2,1 M €	+13.3%	1,9 M €	-5.9%	2 M €	-4.8%	2,1 M €	+29.2%	1,6 M €	-2.7%	1,7 M €	+7.0%	1,5 M €	+6.7%	1,5 M €
Cash	600,9 €	-98.4%	38,6 k €	-77.1%	168,6 k €	+80.2%	93,6 k €	-83.3%	561,7 k €	-23.5%	734,1 k €	+54.1%	476,4 k €	-25.5%	639,1 k €	-10.2%	711,5 k €	+62.1%	438,8 k €	-7.3%	473,3 k €	-24.3%	625,1 k €	+102%	309,7 k €	-45.4%	567,3 k €	+74.7%	324,7 k €	+26.9%	256 k €
Debts	719,7 k €	-32.7%	1,1 M €	-33.4%	1,6 M €	+11.1%	1,4 M €	+5.3%	1,4 M €	+8.8%	1,3 M €	+36.1%	927,2 k €	+16.8%	793,6 k €	+21.6%	652,5 k €	+24.0%	526,1 k €	-19.2%	651,4 k €	-17.1%	786,1 k €	+47.7%	532,1 k €	-33.8%	804,3 k €	+9.0%	738,2 k €	+8.3%	681,4 k €
Other
Workforce	6,4 ETP	-48.4%	12,4 ETP	-4.6%	13,0 ETP	-3.7%	13,5 ETP	-11.8%	15,3 ETP	-28.5%	21,4 ETP	+1.9%	21,0 ETP	+9.9%	19,1 ETP	-21.7%	24,4 ETP	-10.3%	27,2 ETP	-8.1%	29,6 ETP	+1.0%	29,3 ETP	+3.5%	28,3 ETP	-2.7%	29,1 ETP	-0.3%	29,2 ETP	+3.9%	28,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 16 ended

Active mandates

P & T Trust

Director · 0729.963.107

Represented by Van QUICKENBORNE TANGUY

Active

Ended mandates

P & T Trust

Managing director · since 12 juillet 2019 · 0729.963.107

Represented by Vaste vertegenwoordiger Van Quickenborne Tanguy,

Ended

Eline Daelemans

Director · since 15 mars 2019 · until 21 mars 2025

Ended

Marianne Regemortel

Director · since 15 mars 2019 · until 21 mars 2025

Ended

IMMOSAIL

Managing director · since 18 mars 2016 · until 18 mars 2022 · 0862.295.554

Represented by vaste vertegenwoordiger Daelemans Frederik,

Ended

At this address

Other companies at this address

Company	CBE no.
VAN dEN WEGHE● Active	0418.474.925

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/04/2026	30/04/2025	20/03/2024	27/04/2023	29/04/2022	17/05/2021
General meeting	31/03/2026	31/03/2025	15/03/2024	31/03/2023	18/03/2022	19/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Abridged model	30/09/2024	31/03/2025	30/04/2025	Dutch	PDF
Abridged model	30/09/2023	15/03/2024	20/03/2024	Dutch	PDF
Abridged model	30/09/2022	31/03/2023	27/04/2023	Dutch	PDF
Abridged model	30/09/2021	18/03/2022	29/04/2022	Dutch	PDF
Abridged model	30/09/2020	19/03/2021	17/05/2021	Dutch	PDF
Abridged model	30/09/2019	20/03/2020	20/04/2020	Dutch	PDF
Abridged model	30/09/2018	15/03/2019	19/04/2019	Dutch	PDF
Abridged model	30/09/2017	16/03/2018	25/04/2018	Dutch	PDF
Abridged model	30/09/2016	17/03/2017	11/05/2017	Dutch	PDF
Abridged model	30/09/2015	18/03/2016	10/05/2016	Dutch	PDF
Abridged model	30/09/2014	20/03/2015	28/04/2015	Dutch	PDF
Abridged model	30/09/2013	21/03/2014	15/04/2014	Dutch	PDF
Abridged model	30/09/2012	15/03/2013	26/04/2013	Dutch	PDF
Abridged model	30/09/2011	30/03/2012	26/04/2012	Dutch	PDF
Abridged model	30/09/2010	18/03/2011	22/03/2011	Dutch	PDF
Abridged model	30/09/2009	19/03/2010	30/03/2010	Dutch	PDF
Abridged model	30/09/2008	20/03/2009	06/04/2009	Dutch	PDF
Abridged model	30/09/2007	31/03/2008	14/05/2008	Dutch	PDF
Abridged model	30/09/2006	30/03/2007	04/05/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 16 ended

Active mandates

P & T Trust

Director · 0729.963.107

Represented by Van QUICKENBORNE TANGUY

Active

Ended mandates

P & T Trust

Managing director · since 12 juillet 2019 · 0729.963.107

Represented by Vaste vertegenwoordiger Van Quickenborne Tanguy,

Ended

Eline Daelemans

Director · since 15 mars 2019 · until 21 mars 2025

Ended

Marianne Regemortel

Director · since 15 mars 2019 · until 21 mars 2025

Ended

IMMOSAIL

Managing director · since 18 mars 2016 · until 18 mars 2022 · 0862.295.554

Represented by vaste vertegenwoordiger Daelemans Frederik,

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other27/07/2026
BENAMING - DIVERSEN
PDF
Registered office21/11/2025
MAATSCHAPPELIJKE ZETEL
PDF
Other04/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL
PDF
Registered office07/11/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates23/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2019
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates27/08/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/05/2019
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-338,4 k €↓
2024
Annual accounts 2024-168,5 k €↓
2023
Annual accounts 2023173,9 k €↑
2022
Annual accounts 20224,8 k €↓
2021
Annual accounts 202183,5 k €↓
2019
Annual accounts 2019242,2 k €↓
2018
Annual accounts 2018361,6 k €↑
2017
Annual accounts 20175,2 k €↓
2015
Annual accounts 2015106,5 k €↓
2014
Annual accounts 2014111,7 k €↓
2013
Annual accounts 2013215,8 k €↑
2012
Annual accounts 2012175,7 k €↓
2011
Annual accounts 2011234,5 k €↑
2010
Annual accounts 2010177,9 k €↑
2009
Annual accounts 200955,9 k €↑
2008
Annual accounts 20083,8 k €
23/05/1973
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TB-D

Overview

What does TB-D do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline