CTESO
ActiveCTESO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €422k and a net result of €35k. Equity is growing by ~44.9% per year across the filed fiscal years. Its solvency ranks better than 34% of 125 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
73
/ 100
Healthy▼ -18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability41▼-59
Solvency63▼-11
Growth78=
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 2.14 in 2024), but 71.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 27
Relative position
BE, all sectors
reference
Sector 27
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
28.8%
Return on assets
2.4%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
28 d early
2024
30 d early
2023
40 d early
2022
14 d early
2021
3 d early
2020
41 d late
2019
56 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€422k▼ 1.1%
2024 · €427k
2018: €30k
2019: €69k
2020: €93k
2021: €188k
2022: €215k
2023: €311k
2024: €427k
2018 → 2025
Total assets
€1.46M▲ 13.6%
2024 · €1.29M
2018: €47k
2019: €349k
2020: €349k
2021: €821k
2022: €779k
2023: €881k
2024: €1.29M
2018 → 2025
Net result
€35k▼ 70.0%
2024 · €116k
2018: €11k
2019: €40k
2020: €23k
2021: €95k
2022: €28k
2023: €95k
2024: €116k
2018 → 2025
Working capital
€612k▲ 0.1%
2024 · €612k
2018: €24k
2019: €112k
2020: €147k
2021: €170k
2022: €147k
2023: €232k
2024: €612k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€188k-€215k▲ 14.7%€311k▲ 44.3%€427k▲ 37.3%€422k▼ 1.1%
Operating result€134k-€54k▼ 59.3%€167k▲ 207%€198k▲ 18.5%€104k▼ 47.4%
Net result€95k-€28k▼ 71.0%€95k▲ 246%€116k▲ 21.3%€35k▼ 70.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 47% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€88k▼ 36.8%
Current assets
€1.38M▲ 19.7%
Equity and liabilities €1.46M
Equity
€422k▼ 1.1%
Debt
€1.04M▲ 20.9%
The debt ratio rises from 66.9% to 71.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€160k▼
2024 · €263k
Cash flow
€91k▼
2024 · €181k
Solvency
28.8%▼
2024 · 33.1%
Current ratio
1.80▼
2024 · 2.14
Quick ratio
1.19▼
2024 · 1.38
Debt / equity
2.47▲
2024 · 2.02
ROE
8.2%▼
2024 · 27.1%
ROA
2.4%▼
2024 · 9.0%
Interest coverage
3.53▼
2024 · 7.83
Debt
€1.04M▲
2024 · €862k
Debt ≤ 1 year
€764k▲
2024 · €538k
Debt > 1 year
€279k▼
2024 · €325k
Income taxes
€24k▼
2024 · €48k
Staff costs
€1.36M▲
2024 · €1.02M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.29M€1.46M▲
Fixed assets21/28€139k€88k▼
Intangible fixed assets21€13k€0▼
Tangible fixed assets22/27€124k€85k▼
Land and buildings22€38k€32k▼
Plant, machinery and equipment23€60k€41k▼
Furniture and vehicles24€26k€13k▼
Financial fixed assets28€3k€3k=
Current assets29/58€1.15M€1.38M▲
Amounts receivable after more than one year29-€24k
Trade receivables290-€24k
Stocks and contracts in progress3€408k€464k▲
Stocks30/36€114k€92k▼
Contracts in progress37€294k€373k▲
Amounts receivable within one year40/41€718k€868k▲
Trade receivables40€680k€806k▲
Other amounts receivable41€38k€62k▲
Cash at bank and in hand54/58€9k€3k▼
Deferred charges and accrued income490/1€14k€18k▲
Equity and liabilities
Total equity and liabilities10/49€1.29M€1.46M▲
Equity10/15€427k€422k▼
Contributions10/11€19k€19k=
Reserves13€408k€403k▼
Distributable reserves133€408k€403k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€862k€1.04M▲
Amounts payable after more than one year17€325k€279k▼
Financial debts170/4€325k€279k▼
Amounts payable within one year42/48€538k€764k▲
Current portion of amounts payable after more than one year42€53k€79k▲
Financial debts43-€48k
Credit institutions430/8-€48k
Trade debts44€210k€310k▲
Suppliers440/4€210k€310k▲
Taxes, remuneration and social security45€274k€328k▲
Taxes450/3€99k€111k▲
Remuneration and social security454/9€175k€216k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.02M€1.36M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€56k▼
Other operating charges640/8€13k€13k▼
Gross operating margin9900€1.30M€1.53M▲
Operating profit (loss)9901€198k€104k▼
Financial income75/76B€2€0▼
Recurring financial income75€2€0▼
Financial charges65/66B€34k€45k▲
Recurring financial charges65€34k€45k▲
Profit (loss) for the period before taxes9903€164k€59k▼
Income taxes67/77€48k€24k▼
Profit (loss) for the period9904€116k€35k▼
Profit (loss) for the period to be appropriated9905€116k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€116k€35k▼
Transfer from equity791/2-€40k
Transfer to equity691/2€116k€35k▼
To other reserves6921€116k€35k▼
Profit to be distributed694/7-€40k
Return on contributions (dividend)694-€40k
Social balance
Average headcount (FTE)9087-19.2
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €116k ▲21.3%
Operating result €198k, net result €116k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €215k ▲14.7%
5 profitable years in a row build equity to €215k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €188k ▲102%
4 profitable years in a row build equity to €188k.
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 41 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudsbergen · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenweg 1453660 OudsbergenGround area
1.3 ha
Building footprint
5,627 m²
Volume, LiDAR
826 m³
2 parcels, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cteso
since 20172.263.554.782
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0905/00H003 | Flanders | 1.1 ha | 1 · 5,480 m² | - |
| 71047A0109/00H002 | Flanders | 1,212 m² | 1 · 146 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 159,778 EUR awarded · 49,975 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 51,769 EUR | 42,283 EUR |
| 2024 | 2 | 102,477 EUR | 2,591 EUR |
| 2023 | 1 | 1,615 EUR | 1,251 EUR |
| 2022 | 2 | 3,917 EUR | 3,850 EUR |
Schemes
Programma Circulaire Economie
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Werkbaarheidscheque (stopgezet)
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Of 260 companies in sector 27110 we hold annual accounts for 171. 121 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-04-2017
Fiscal year end31-12
Activities, NACEBEL
27110Manufacture of electrical equipment
71121Engineering and related technical consultancy, excluding land surveyors
46140Agents in the wholesale of industrial machinery, ships and aircraft
64200Holdings
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:rob@cteso.com