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GROEP TITECA

Active
Private limited companyfounded 20233 yrs activeLappersfortstraat(L) 2, 8600 Diksmuide, BelgiumKBO/BCE: BE 0797.011.089
Summary

GROEP TITECA has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,735 and a net result of €164,435. Its solvency ranks better than 37% of 14284 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency39▲+32
Growth78
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 4.07 against 0.84 in 2024; short-term debt: 24.5% and cash: 53.7% of total assets), but 85.6% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 30-10-2025, 1 day ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
1 d early
2024
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven months
Position in the running window
31-03-2026 close30-09-2026 today31-10-2026 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 11 January 2023, GROEP TITECA was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, micro schema

Equity
€74,735
2024 · -€89,700
Total assets
€517,214▲ 5.4%
2024 · €490,614
Net result
€164,435
2024 · -€94,700
Working capital
€389,425
2024 · -€90,971
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result-€94,828-€189,824
Net result-€94,700below the sector's middle half-€164,435above the sector's middle half
Equity-€89,700below the sector's middle half-€74,735within the sector's middle half
Total assets€490,614within the sector's middle half-€517,214within the sector's middle half▲ 5.4%
Debt€580,314-€442,479▼ 23.8%
Working capital-€90,971below the sector's middle half-€389,425above the sector's middle half
Solvency-18.3%below the sector's middle half-14.4%within the sector's middle half▲ 32.7pp
Current ratio0.84within the sector's middle half-4.07above the sector's middle half▲ 3.23
Return on assets (ROA)-19.3%below the sector's middle half-31.8%above the sector's middle half▲ 51.1pp
Staff (FTE)0.5-0.3▼ 40.0%
above within below the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2024: -€94,828-€94,828Net result 2024: -€94,700-€94,700Operating result 2025: €189,824€189,824Net result 2025: €164,435€164,43520242025-€100,000€0€100,000€200,000Operating result 2024: -€94,828-€94,800Net result 2024: -€94,700-€94,700Operating result 2025: €189,824€190,000Net result 2025: €164,435€164,00020242025
The operating result returns to profit in 2025: €189,824 after a loss of €94,828 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €517,214
Fixed assets €961 ▼ 24.4%
Current assets €516,253 ▲ 5.5%
Equity and liabilities €517,214
Equity €74,735
Debt €442,479
Debt finances 85.6% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
EBITDA
€190,134▲
2024 · -€93,296
Cash flow
€164,745▲
2024 · -€93,168
Quick ratio
3.58▲
2024 · 0.13
Debt to equity
5.92▲
2024 · -6.47
ROE
220.0%
Interest coverage
32.51▲
2024 · -869.89
Debt ≤ 1 year
€126,828▼
2024 · €580,314
Income taxes
€23,336
Staff costs
€3,755▼
2024 · €7,125
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 7,976 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet Code20242025
Assets
Total assets20/58€490,614€517,214▲
Fixed assets21/28€1,271€961▼
Tangible fixed assets22/27€1,271€961▼
Furniture and vehicles24€1,271€961▼
Current assets29/58€489,343€516,253▲
Stocks and contracts in progress3€414,289€62,530▼
Stocks30/36€414,289€62,530▼
Amounts receivable within one year40/41€38,025€174,132▲
Trade receivables40€7,806€111,826▲
Other amounts receivable41€30,219€62,307▲
Cash at bank and in hand54/58€33,890€277,496▲
Deferred charges and accrued income490/1€3,139€2,095▼
Equity and liabilities
Total equity and liabilities10/49€490,614€517,214▲
Equity10/15-€89,700€74,735▲
Contributions10/11€5,000€5,000=
Reserves13-€69,735
Distributable reserves133-€69,735
Profit (loss) carried forward14-€94,700€0▲
Amounts payable17/49€580,314€442,479▼
Amounts payable within one year42/48€580,314€126,828▼
Trade debts44€150,305€75,404▼
Suppliers440/4€150,305€75,404▼
Taxes, remuneration and social security45€3,176€51,424▲
Taxes450/3€2,046€51,424▲
Remuneration and social security454/9€1,130€0▼
Other amounts payable47/48€426,833€0▼
Accrued charges and deferred income492/3-€315,651
Income statement Code20242025
Remuneration, social security and pensions62€7,125€3,755▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,532€310▼
Other operating charges640/8€2,817€5,272▲
Gross operating margin9900-€83,354€199,160▲
Operating profit (loss)9901-€94,828€189,824▲
Financial income75/76B€235€3,796▲
Recurring financial income75€235€3,796▲
Financial charges65/66B€107€5,849▲
Recurring financial charges65€107€5,849▲
Profit (loss) for the period before taxes9903-€94,700€187,771▲
Income taxes67/77-€23,336
Profit (loss) for the period9904-€94,700€164,435▲
Profit (loss) for the period to be appropriated9905-€94,700€164,435▲
Appropriation of the result
Profit (loss) to be appropriated9906-€94,700€69,735▲
Profit (loss) brought forward from the previous period14P--€94,700
Transfer to equity691/2-€69,735
To other reserves6921-€69,735

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€7,125€3,755▼ 47.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,532€310▼ 79.8%
Other operating charges640/8€2,817€5,272▲ 87.1%
Gross operating margin9900-€83,354€199,160▲ 339%
Operating profit (loss)9901-€94,828€189,824▲ 300%
Financial income75/76B€235€3,796▲ 1,515%
Recurring financial income75€235€3,796▲ 1,515%
Financial charges65/66B€107€5,849▲ 5,353%
Recurring financial charges65€107€5,849▲ 5,353%
Profit (loss) for the period before taxes9903-€94,700€187,771▲ 298%
Income taxes67/77-€23,336-
Profit (loss) for the period9904-€94,700€164,435▲ 274%
Profit (loss) for the period to be appropriated9905-€94,700€164,435▲ 274%
Line20242025Change
Assets
Total assets20/58€490,614€517,214▲ 5.4%
Fixed assets21/28€1,271€961▼ 24.4%
Tangible fixed assets22/27€1,271€961▼ 24.4%
Furniture and vehicles24€1,271€961▼ 24.4%
Current assets29/58€489,343€516,253▲ 5.5%
Stocks and contracts in progress3€414,289€62,530▼ 84.9%
Stocks30/36€414,289€62,530▼ 84.9%
Amounts receivable within one year40/41€38,025€174,132▲ 358%
Trade receivables40€7,806€111,826▲ 1,333%
Other amounts receivable41€30,219€62,307▲ 106%
Cash at bank and in hand54/58€33,890€277,496▲ 719%
Deferred charges and accrued income490/1€3,139€2,095▼ 33.3%
Equity and liabilities
Total equity and liabilities10/49€490,614€517,214▲ 5.4%
Equity10/15-€89,700€74,735▲ 183%
Contributions10/11€5,000€5,000=
Reserves13-€69,735-
Distributable reserves133-€69,735-
Profit (loss) carried forward14-€94,700€0▲ 100%
Amounts payable17/49€580,314€442,479▼ 23.8%
Amounts payable within one year42/48€580,314€126,828▼ 78.1%
Trade debts44€150,305€75,404▼ 49.8%
Suppliers440/4€150,305€75,404▼ 49.8%
Taxes, remuneration and social security45€3,176€51,424▲ 1,519%
Taxes450/3€2,046€51,424▲ 2,413%
Remuneration and social security454/9€1,130€0▼ 100%
Other amounts payable47/48€426,833€0▼ 100%
Accrued charges and deferred income492/3-€315,651-
Line20242025Change
Profit (loss) for the period9904-€94,700€164,435▲ 274%
+ Depreciation and write-downs630€1,532€310▼ 79.8%
Operating cash flow (approximation)-€93,168€164,745▲ 277%
Investment in fixed assets (approximation)-€0-
Change in cash-€243,606-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-10-2026
2025
30-10
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial Back to profitnet €164,435
Net result €164,435 after one loss-making year.
31-03
Financial Liquidity times 5current ratio 4.07
Current ratio from 0.84 to 4.07; short-term debt falls from €580,314 to €126,828.
2024
31-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Diksmuide · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
854 m²
Building footprint
231 m²
Volume, LiDAR
640 m³
2 parcels, Flanders · tallest building 6.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GROEP TITECA
Koekelarestraat 58, 8610 KortemarkReal estate development
since 20232.341.074.511
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
32013B0281/00W002indicative Flanders 470 m² 1 · 160 m² 6.8 m · 1 fl.
32005A0326/00D013 Flanders 384 m² 1 · 70 m² -
Linked by address, not proof of ownership
Good to know
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

2 owners

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Public money · subsidies and aid

Flemish government

2024 · 2 entries · 1,075 EUR awarded · 1,075 EUR paid
Year Entries awardedpaid
2024 2 1,075 EUR1,075 EUR
Schemes
1 entry · 1,000 EUR · 1,000 EUR paid · Departement Werk en Sociale Economie
1 entry · 75 EUR · 75 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Dual-learning approval

2 live approvals
Metselaar (vwo)
Goedgekeurd · 2023 to 2028
Ruwbouw duaal (so)
Goedgekeurd · 2023 to 2028

Similar companies · same sector, comparable size

Of 1,293 companies in sector 68122 we hold annual accounts for 903. 510 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded11-01-2023
Fiscal year end31-03
Activities, NACEBEL 2025
68122Development of non-residential building projects
68121Development of residential building projects
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797011089
Registered 05-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.