ACTIVE

TDN

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Financial year 2025 · closed on 30/09/2025
Net result
1,3 M €
-89.0% YoY
Gross margin
-86,5 k €
+89.2% YoY
Equity
42,2 M €
+53.2% YoY
Workforce
0,5 ETP
0.0% YoY

What does TDN do?

TDN is a Private limited company incorporated in 1993. Its registered office is in Heist-op-den-Berg. It employs on average 0,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0450.803.342
Incorporation
02/09/1993
Legal form
Private limited company
Registered office
Donatusstraat(HAL) 19
2220 Heist-op-den-Berg · FlandreSee on map
Contributed capital
14 781 283,25 €
Latest accounts
30/09/2025
Average workforce
0,5 ETP
Joint committees (2)
  • 20000
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220202019201820172016201520142013201220112010200820072006
Income statement
Gross margin-86,5 k €-797,7 k €215,7 k €191,8 k €226,7 k €214,4 k €223,8 k €185,2 k €213,5 k €226,5 k €320,9 k €231,3 k €98,6 k €84,8 k €208,6 k €125,4 k €90,2 k €52,2 k €
EBITDA-226,6 k €-969,8 k €116 k €95,5 k €176,9 k €146,7 k €148,3 k €114,3 k €154,3 k €163,2 k €267,1 k €149,8 k €-25,8 k €184 k €198 k €118,2 k €77,9 k €34,1 k €
Operating result-344,8 k €-1,1 M €38,2 k €28,3 k €117,6 k €38,9 k €38,2 k €4,4 k €41,4 k €44,6 k €151,7 k €19,9 k €-163,8 k €60,5 k €51,7 k €83,6 k €38,3 k €8,8 k €
Net result1,3 M €11,8 M €208,6 k €36,9 k €87,6 k €297,6 k €-8,7 k €-46,8 k €332,2 k €320,6 k €515 k €-42,7 k €-664 k €176,9 k €559,3 k €170,7 k €144,4 k €126,1 k €
Balance sheet
Equity42,2 M €27,6 M €15,7 M €15,5 M €2,6 M €2,6 M €2,3 M €2,3 M €2,3 M €2 M €1,7 M €1,2 M €1,2 M €1,9 M €1,7 M €1,1 M €950,9 k €806,4 k €
Total assets46,9 M €28 M €16,2 M €16,2 M €3,7 M €3,7 M €3,8 M €4 M €4,1 M €4,3 M €4,5 M €4,6 M €4,6 M €5,3 M €3,3 M €2,6 M €2,1 M €2 M €
Cash8,3 M €15,8 M €253,9 k €10,5 M €46,4 k €158,1 k €81,8 k €95,4 k €109,3 k €77 k €95,4 k €19,9 k €5,4 k €174,2 k €17,2 k €33,7 k €10,7 k €4,1 k €
Debts4,6 M €334,3 k €439,2 k €621,2 k €933,9 k €1,1 M €1,5 M €1,6 M €1,7 M €2,1 M €2,7 M €3,3 M €3,2 M €3,2 M €1,3 M €1,4 M €1,1 M €1,1 M €
Other
Workforce0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,5 ETP0,7 ETP––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 2 ended

Active mandates

Patrick Percy

Director · since 02 novembre 2023

Active
Tom De Neef

Director

Active

Ended mandates

Tom De Neef

Manager · since 02 septembre 1993

Ended
Tom De Neef

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/10/202401/10/202301/10/202201/10/202101/10/202001/10/2019
Closing of the financial year30/09/202530/09/202430/09/202330/09/202230/09/202130/09/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date27/03/202614/04/202519/03/202403/04/202312/04/202230/04/2021
General meeting20/03/202621/03/202515/03/202417/03/202318/03/202209/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/09/202520/03/202627/03/2026DutchPDF
Abridged model30/09/202421/03/202514/04/2025DutchPDF
Abridged model30/09/202315/03/202419/03/2024DutchPDF
Abridged model30/09/202217/03/202303/04/2023DutchPDF
Abridged model30/09/202118/03/202212/04/2022DutchPDF
Abridged model30/09/202009/04/202130/04/2021DutchPDF
Abridged model30/09/201920/03/202026/03/2020DutchPDF
Abridged model30/09/201815/03/201928/03/2019DutchPDF
Abridged model30/09/201716/03/201816/04/2018DutchPDF
Abridged model30/09/201617/03/201710/04/2017DutchPDF
Abridged model30/09/201518/03/201622/03/2016DutchPDF
Abridged model30/09/201420/03/201530/03/2015DutchPDF
Abridged model30/09/201321/03/201402/04/2014DutchPDF
Abridged model30/09/201215/03/201330/04/2013DutchPDF
Abridged model30/09/201116/03/201224/04/2012DutchPDF
Abridged model30/09/201018/03/201127/04/2011DutchPDF
Abridged model31/12/200821/05/200921/08/2009DutchPDF
Abridged model31/12/200715/05/200814/08/2008DutchPDF
Abridged model31/12/200630/06/200724/07/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 30/09/2025 · 2 active · 2 ended

Active mandates

Patrick Percy

Director · since 02 novembre 2023

Active
Tom De Neef

Director

Active

Ended mandates

Tom De Neef

Manager · since 02 septembre 1993

Ended
Tom De Neef

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office14/09/2026
    ALGEMENE VERGADERING, MAATSCHAPPELIJKE ZETEL,
    PDF
  • Other10/07/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates20/11/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring18/01/2022
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring04/11/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates22/10/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/01/2010
    Statutenwijziging
    PDF
  • Capital / shares02/02/2004
    BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - KAPITAAL - AANDELEN
    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

Timeline

  1. 2025
    Annual accounts 20251,3 M €↓
  2. 2024
    Annual accounts 202411,8 M €↑
  3. 2023
    Annual accounts 2023208,6 k €↑
  4. 2022
    Annual accounts 202236,9 k €↓
  5. 2020
    Annual accounts 202087,6 k €↓
  6. 2019
    Annual accounts 2019297,6 k €↑
  7. 2018
    Annual accounts 2018-8,7 k €↑
  8. 2017
    Annual accounts 2017-46,8 k €↓
  9. 2016
    Annual accounts 2016332,2 k €↑
  10. 2015
    Annual accounts 2015320,6 k €↓
  11. 2014
    Annual accounts 2014515 k €↑
  12. 2013
    Annual accounts 2013-42,7 k €↑
  13. 2012
    Annual accounts 2012-664 k €↓
  14. 2011
    Annual accounts 2011176,9 k €↓
  15. 2010
    Annual accounts 2010559,3 k €↑
  16. 2008
    Annual accounts 2008170,7 k €↑
  17. 2007
    Annual accounts 2007144,4 k €↑
  18. 2006
    Annual accounts 2006126,1 k €
  19. 02/09/1993
    IncorporationPrivate limited company