Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
T&D Service from Gent, company number BE0639847137, closed financial year 2025 with a result of € 321,796 after tax. For that financial year T&D Service recorded a gross margin of € 1.6 million and equity of € 548,433. Compared with financial year 2024, the result moved from € 430,027 to € 321,796. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 3, 2026.
€ 548,433
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 321,796
▼ 25% vs 2024
Profit after tax over the fiscal year.
€ 814,312
▲ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 290,000 paid out
90 % of the profit went to the shareholders, mostly to MHM Consulting (100 % of the shares). That is where the money ends up.
People and assets in 2025
32.1
▼ 4.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 11% vs 2024
€ 37,900 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.
€ 29,755
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 377,832
▲ € 344,004 vs 2024
€ 124,074 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 58,902
▲ 194% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 219,320
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 666,242 | € 1,338,765 | € 1,857,720 | € 1,589,773 | ▼ 14% |
| Profit after taxes | € 106,158 | € 277,886 | € 430,027 | € 321,796 | ▼ 25% |
| Equity | € 228,723 | € 386,609 | € 516,636 | € 548,433 | ▲ 6% |
| Total debts | € 435,093 | € 663,237 | € 668,812 | € 947,096 | ▲ 42% |
| Cash | € 74,589 | € 122,081 | € 754,388 | € 814,312 | ▲ 8% |
| Retained profit | € 228,223 | € 386,109 | € 516,136 | € 547,933 | ▲ 6% |
| Dividend | € 100,000 | € 120,000 | € 300,000 | € 290,000 | ▼ 3% |
| Bank debt | € 167,512 | € 150,000 | € 33,828 | € 377,832 | ▲ € 344,004 |
| Balance sheet total | € 663,816 | € 1,049,846 | € 1,185,448 | € 1,495,529 | ▲ 26% |
| Employees (FTE) | 14.8 | 24.1 | 36.8 | 32.1 | ▼ 4.7 |
Key figures of T&D Service, 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 Service?
What happened at T&D Service in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 321,796 (▼ 25% vs 2024). Source: NBB ↗
- MHM consulting BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 106,158 profit in 2022 to € 321,796 profit in 2025.
Paid € 133,191 in corporate taxes since 2022.
Best year ever: 2024, with € 430,027 profit.
On average € 49,500 of value added per employee in 2025.
Management
The stake of MHM Consulting comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
T&D ServiceBehind T&D Service is MHM consulting BV. The shares are held by MHM Consulting (100%).
Directors
According to the 2025 annual accounts
Director · represented by Michiel Minjauw
Also active at: T&D Academy, T&D Security
since 2019
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dublinstraat 35 box //16
9000 Gent
Dublinstraat 35 box 16
9000 Gent
Active since 2 October 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →YAPADO
€ 225,595 gross margin · 2026
THE HEALTHWORKS COMPANY
€ 396,298 gross margin · 2025
TAVERNIER -VAN DE VIJVER
€ 242,399 gross margin · 2025
Brick9
€ 246,120 gross margin · 2025
MHM Consulting same network
€ 645,044 gross margin · 2025
+23 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0639.847.137
- VAT number
- BE 0639.847.137
- Registered office
- Dublinstraat 35 bus //16, 9000 Gent
- Names & denominations
- T&D Service
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 October 2015
- Peppol
- Active · Active since 30 Apr 2025
- Activities · NACE
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