ACTIVE

T.R.D.

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Financial year 2025 · closed on 31/12/2025

Net result

-327,9 k €

+60.8% YoY

Gross margin

33,5 k €

+125.8% YoY

Equity

16,1 M €

-2.0% YoY

Workforce

0,0 ETP

What does T.R.D. do?

T.R.D. is a Private limited company incorporated in 1977. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0417.053.478

Incorporation

29/03/1977

Legal form

Private limited company

Registered office

Bosstraat(Kor) 15
8500 Kortrijk · FlandreSee on map

Contributed capital

14 530 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy 74203Photographic activities 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 70200Management consultancy activities+2

Signals

Solid equityLow riskGood liquidityPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2009		2008		2007		2006
Income statement
Gross margin	33,5 k €	+126%	-129,5 k €	-123%	-58,2 k €	-1593%	-3,4 k €	+97.6%	-141,4 k €	-143%	330,5 k €	+167%	123,7 k €	-94.6%	2,3 M €	+522%	365,9 k €	+10.8%	330,3 k €	-14.0%	384 k €	-15.3%	453,2 k €	-0.8%	456,8 k €	-5.7%	484,3 k €	-7.4%	522,8 k €	+5.0%	498,2 k €	+27.2%	391,5 k €
EBITDA	11,5 k €	+108%	-146,5 k €	-95.7%	-74,8 k €	-15.6%	-64,8 k €	+67.1%	-196,8 k €	-170%	283,1 k €	+221%	88,2 k €	-96.1%	2,2 M €	+593%	323,3 k €	+13.2%	285,6 k €	-16.3%	341,4 k €	-17.3%	413 k €	-0.2%	413,7 k €	-33.7%	624 k €	+36.8%	456,2 k €	+4.4%	437,2 k €	+30.9%	333,9 k €
Operating result	-141 k €	+52.9%	-299,3 k €	-35.6%	-220,7 k €	-17.8%	-187,3 k €	+41.9%	-322,6 k €	-340%	134,5 k €	+215%	-116,7 k €	-106%	2 M €	+2643%	74 k €	+586%	-15,2 k €	-110%	160,4 k €	-31.0%	232,5 k €	-11.0%	261,4 k €	-40.0%	435,6 k €	+31.9%	330,4 k €	+6.3%	310,9 k €	+44.0%	215,8 k €
Net result	-327,9 k €	+60.8%	-835,9 k €	-3698%	23,2 k €	-68.0%	72,6 k €	-97.7%	3,1 M €	+260%	863,3 k €	-82.6%	5 M €	+113%	2,3 M €	+231%	-1,8 M €	-281%	979,6 k €	+1687%	-61,7 k €	-108%	792,8 k €	+157%	-1,4 M €	+27.4%	-1,9 M €	+37.3%	-3,1 M €	-1211%	275,5 k €	-69.5%	902,7 k €
Balance sheet
Equity	16,1 M €	-2.0%	16,4 M €	-4.8%	17,3 M €	+0.1%	17,3 M €	+0.4%	17,2 M €	-8.0%	18,7 M €	+4.8%	17,8 M €	+38.5%	12,9 M €	+22.0%	10,5 M €	-14.4%	12,3 M €	+8.6%	11,3 M €	-0.5%	11,4 M €	+7.5%	10,6 M €	+407%	2,1 M €	-47.8%	4 M €	-43.3%	7,1 M €	+4.1%	6,8 M €
Total assets	23,7 M €	+0.8%	23,6 M €	+10.5%	21,3 M €	-0.3%	21,4 M €	+3.6%	20,6 M €	-13.6%	23,9 M €	-0.4%	24 M €	+12.6%	21,3 M €	-11.4%	24 M €	-7.8%	26,1 M €	+10.3%	23,6 M €	+11.1%	21,3 M €	+3.4%	20,6 M €	+24.4%	16,5 M €	-0.4%	16,6 M €	-11.7%	18,8 M €	+28.4%	14,6 M €
Cash	416,9 k €	+593%	60,2 k €	-93.2%	884,2 k €	-52.2%	1,8 M €	+77.7%	1 M €	-85.0%	7 M €	+155%	2,7 M €	+344%	613 k €	+978%	56,9 k €	-11.8%	64,5 k €	-18.6%	79,2 k €	-50.4%	159,8 k €	-80.1%	804,8 k €	+932%	78 k €	+123%	35 k €	-83.8%	215,7 k €	-91.9%	2,7 M €
Debts	7,2 M €	+8.4%	6,7 M €	+85.1%	3,6 M €	-3.7%	3,7 M €	+21.3%	3,1 M €	-24.3%	4,1 M €	-21.5%	5,2 M €	-30.1%	7,4 M €	-42.8%	13 M €	+1.0%	12,8 M €	+12.2%	11,4 M €	+26.0%	9,1 M €	-3.2%	9,4 M €	-31.3%	13,7 M €	+20.5%	11,3 M €	+6.5%	10,6 M €	+49.5%	7,1 M €
Other
Workforce	0,0 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Willy Deceuninck

Director

Active

Ended mandates

WILLY DECEUNINCK

Manager · since 31 mars 2016

Ended

Willy Deceuninck

Director · since 30 mars 2016

Ended

WILLY DECEUNINCK

Manager · since 01 septembre 2000

Ended

WILLY DECEUNINCK

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
Allacha● Active	0720.501.548

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/06/2026	20/06/2025	16/07/2024	15/06/2023	30/06/2022	09/07/2021
General meeting	19/05/2026	20/05/2025	21/05/2024	16/05/2023	17/05/2022	18/05/2021
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	31/12/2025	19/05/2026	04/06/2026	Dutch	PDF
Abridged model	31/12/2024	20/05/2025	20/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/05/2024	16/07/2024	Dutch	PDF
Abridged model	31/12/2022	16/05/2023	15/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/05/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	18/05/2021	09/07/2021	Dutch	PDF
Abridged model	31/12/2019	19/05/2020	26/05/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	05/07/2019	Dutch	PDF
Abridged model	31/12/2017	06/06/2018	28/06/2018	Dutch	PDF
Abridged model	31/12/2016	31/05/2017	11/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/05/2016	11/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	04/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/06/2014	17/07/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	24/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/07/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/05/2011	08/06/2011	Dutch	PDF
Abridged model	31/12/2009	18/05/2010	25/05/2010	Dutch	PDF
Abridged model	31/12/2008	19/05/2009	18/06/2009	Dutch	PDF
Abridged model	31/12/2007	20/05/2008	06/06/2008	Dutch	PDF
Abridged model	31/12/2006	15/05/2007	12/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/12/2025 · 1 active · 4 ended

Active mandates

Willy Deceuninck

Director

Active

Ended mandates

WILLY DECEUNINCK

Manager · since 31 mars 2016

Ended

Willy Deceuninck

Director · since 30 mars 2016

Ended

WILLY DECEUNINCK

Manager · since 01 septembre 2000

Ended

WILLY DECEUNINCK

Manager

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/12/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/05/2016
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Restructuring05/08/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/05/2010
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office27/08/2004
MAATSCHAPPELIJKE ZETEL
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 2025-327,9 k €↑
2024
Annual accounts 2024-835,9 k €↓
2023
Annual accounts 202323,2 k €↓
2022
Annual accounts 202272,6 k €↓
2021
Annual accounts 20213,1 M €↑
2018
Annual accounts 2018863,3 k €↓
2017
Annual accounts 20175 M €↑
2016
Annual accounts 20162,3 M €↑
2015
Annual accounts 2015-1,8 M €↓
2014
Annual accounts 2014979,6 k €↑
2013
Annual accounts 2013-61,7 k €↓
2012
Annual accounts 2012792,8 k €↑
2011
Annual accounts 2011-1,4 M €↑
2009
Annual accounts 2009-1,9 M €↑
2008
Annual accounts 2008-3,1 M €↓
2007
Annual accounts 2007275,5 k €↓
2006
Annual accounts 2006902,7 k €
29/03/1977
IncorporationPrivate 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

T.R.D.

Overview

What does T.R.D. do?

Trend over 17 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