Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
T.D. Williamson from Nivelles, company number BE0400359481, closed financial year 2025 with a result of € 3.2 million after tax. For that financial year T.D. Williamson recorded revenue of € 32.2 million and equity of € -12.4 million. Compared with financial year 2024, the result moved from € -4.5 million to € 3.2 million. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2026.
€ -12.4 million
▲ € 3.2 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.2 million
▲ still € 4.5 million loss in 2024
Profit after tax over the fiscal year.
€ 2.1 million
▲ € 2 million vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -17.5 million.
People and assets in 2025
123
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 14 million
▼ 3% vs 2024
€ 114,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 229,521
▼ 11% vs 2024
Of which on lease € 0.
Debts at end 2025
€ 27.1 million
Loans from banks and other lenders, long and short.
€ 6.1 million
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 131 days on average.
€ 3.7 million
▼ 6% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 23,682,613 | € 25,140,082 | € 24,603,477 | € 32,201,700 | ▲ 31% |
| Profit after taxes | € -5,332,238 | € -3,674,594 | € -4,532,818 | € 3,171,796 | ▲ € 7.7 million |
| Equity | € -7,394,133 | € -11,068,727 | € -15,601,545 | € -12,439,385 | ▲ € 3.2 million |
| Total debts | € 37,826,006 | € 36,726,382 | € 43,596,472 | € 38,396,761 | ▼ 12% |
| Cash | € 127,336 | € 342,376 | € 74,058 | € 2,073,122 | ▲ € 2 million |
| Land & buildings | € 1,913,601 | € 1,789,583 | € 1,687,246 | € 1,603,984 | ▼ 5% |
| Retained profit | € -12,472,300 | € -16,146,894 | € -20,679,712 | € -17,507,916 | ▲ € 3.2 million |
| Bank debt | € 24,424,122 | € 23,765,391 | € 27,259,387 | € 27,143,438 | |
| Balance sheet total | € 30,702,583 | € 25,991,313 | € 28,251,094 | € 26,033,986 | ▼ 8% |
| Employees (FTE) | 126 | 114 | 124 | 123 | ▼ 1 |
Key figures of T.D. Williamson, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to T.D. Williamson?
What happened at T.D. Williamson in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 3.2 million. Source: NBB ↗
- ENIKO HORVATH became a director. NBB
- Gregory Florean became a director. NBB
- Caroline Anberree became a director. NBB
- New establishment in Nivelles. KBO
- Start of the company according to the CBE. KBO
In short
From € 5.3 million loss in 2022 to € 3.2 million profit in 2025.
Paid € 242,147 in corporate taxes since 2022.
Best year ever: 2025, with € 3.2 million profit.
Pays suppliers within 131 days on average.
Management
Behind T.D. Williamson are ENIKO HORVATH, Gregory Florean and Caroline Anberree. The shares are held by TD Williamson UK International Ltd (100%). It owns 100% of TDW MIDDLE EAST FZE, 100% of TD WILLIAMSON EURASIA LLC and 100% of TD WILLIAMSON ITALIANA SRL itself.
Directors
According to the 2025 annual accounts
since 2024
Gregory Florean
Director
since 2020
Caroline Anberree
Director
since 2020
Shareholders
TD Williamson UK International Ltd
100%
Participations
TDW MIDDLE EAST FZE
100%
TD WILLIAMSON EURASIA LLC
100%
TD WILLIAMSON ITALIANA SRL
100%
Establishments
Establishment units
Physical locations of this company
Rue du Travail 6
1400 Nivelles
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
AMAZON-02 - Amazon.com, Inc., US
DNS
GoDaddy DNS
Domain
Domain
tdwilliamson.com
Registered
1996-11-26
Registrar
GoDaddy.com, LLC
Expires
2026-11-25
Website info
Features
Security
Network
Details
- Company number
- 0400.359.481
- VAT number
- BE 0400.359.481
- Registered office
- Rue du Travail 6, 1400 Nivelles
- Names & denominations
- T.D. Williamson
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 29 Dec 2025
- Contact
- tdwilliamson.com
- Activities · NACE
Reparatie en onderhoud van producten van metaal
Vervaardiging van andere transportmiddelen, neg
Vervaardiging van overige transportmiddelen, n.e.g.