T.E.L. Projects
ActiveThe computed 12-month bankruptcy probability of T.E.L. Projects is 1.8% (moderate). The 2025 annual accounts show equity of €104k and a net result of €31k. Equity is growing by ~38.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 27711 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 12.02 against 22.07 in 2024; short-term debt: 7.7% and cash: 72.2% of total assets), and 8.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
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
91.9%
Return on assets
27%
Age of the figures
9 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 01-06-2026, 60 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
60 d early
2024
56 d early
2023
163 d early
2022
34 d early
2021
58 d early
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€104k▲ 41.5%
2024 · €73k
2021: €28k
2022: €68k
2023: €101k
2024: €73k
2021 → 2025
Total assets
€113k▲ 47.3%
2024 · €77k
2021: €38k
2022: €73k
2023: €105k
2024: €77k
2021 → 2025
Net result
€31k▲ 26.3%
2024 · €24k
2021: €25k
2022: €40k
2023: €34k
2024: €24k
2021 → 2025
Working capital
€96k▲ 36.0%
2024 · €71k
2021: €27k
2022: €66k
2023: €100k
2024: €71k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€28k-€68k▲ 142%€101k▲ 49.8%€73k▼ 27.5%€104k▲ 41.5%
Operating result€32k-€50k▲ 55.7%€44k▼ 12.9%€32k▼ 27.2%€40k▲ 27.6%
Net result€25k-€40k▲ 59.2%€34k▼ 15.2%€24k▼ 28.2%€31k▲ 26.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113k
Fixed assets
€8k▲ 212%
Current assets
€105k▲ 41.6%
Equity and liabilities €113k
Equity
€104k▲ 41.5%
Debt
€9k▲ 174%
The debt ratio rises from 4.4% to 8.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€47k▲
2024 · €32k
Cash flow
€37k▲
2024 · €25k
Solvency
91.9%▼
2024 · 95.6%
Current ratio
12.02▼
2024 · 22.07
Quick ratio
12.02▼
2024 · 22.07
Debt / equity
0.09▲
2024 · 0.05
ROE
29.3%▼
2024 · 32.9%
ROA
27.0%▼
2024 · 31.5%
Interest coverage
27.90▼
2024 · 29.69
Debt
€9k▲
2024 · €3k
Debt ≤ 1 year
€9k▲
2024 · €3k
Income taxes
€8k▲
2024 · €6k
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€77k€113k▲
Fixed assets21/28€3k€8k▲
Tangible fixed assets22/27€3k€8k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€0€6k▲
Current assets29/58€74k€105k▲
Amounts receivable within one year40/41€18k€23k▲
Trade receivables40€13k€19k▲
Other amounts receivable41€5k€3k▼
Cash at bank and in hand54/58€56k€82k▲
Deferred charges and accrued income490/1€272€393▲
Equity and liabilities
Total equity and liabilities10/49€77k€113k▲
Equity10/15€73k€104k▲
Contributions10/11€3k€3k=
Reserves13€70k€101k▲
Distributable reserves133€70k€101k▲
Amounts payable17/49€3k€9k▲
Amounts payable within one year42/48€3k€9k▲
Financial debts43€3k€3k=
Credit institutions430/8€3k€3k=
Trade debts44€63€67▲
Suppliers440/4€63€67▲
Taxes, remuneration and social security45-€4k
Taxes450/3-€748
Remuneration and social security454/9-€3k
Other amounts payable47/48€800€2k▲
Accrued charges and deferred income492/3-€478
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€633€6k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€120-
Other operating charges640/8€800€732▼
Gross operating margin9900€33k€48k▲
Operating profit (loss)9901€32k€40k▲
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€31k€39k▲
Income taxes67/77€6k€8k▲
Profit (loss) for the period9904€24k€31k▲
Profit (loss) for the period to be appropriated9905€24k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€31k▲
Transfer from equity791/2€52k-
Transfer to equity691/2€24k€31k▲
To other reserves6921€24k€31k▲
Profit to be distributed694/7€52k-
Return on contributions (dividend)694€52k-
The notes to these accounts (5 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €104k ▲41.5%
5 profitable years in a row build equity to €104k.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €24k ▼28.2%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
19-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 29.84
Current ratio from 12.69 to 29.84; short-term debt falls from €6k to €3k.
31-12
Financial
Equity above €100kEq €101k ▲49.8%
3 profitable years in a row build equity to €101k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €40k ▲59.2%
Operating result €50k, net result €40k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 12.69
Current ratio from 3.65 to 12.69; short-term debt falls from €10k to €6k.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Beringen · 1 establishment unit since 2020
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.
Kraaienstraat 1223582 BeringenGround area
1,662 m²
Building footprint
150 m²
Volume, LiDAR
745 m³
Parcel 71522D0771/00C000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
T.E.L. Projects
since 20202.309.545.155
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71522D0771/00C000 | Flanders | 1,662 m² | 1 · 150 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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SWT
BE 0772.507.010
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L&M Kitwerken
BE 0803.225.326
Houthalen-Helchteren · Eq €104k
Bouwwerken Quirijnen
BE 1014.735.806
Brecht · Eq €104k
Of 11,137 companies in sector 43910 we hold annual accounts for 5,487. 4,807 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-11-2020
Fiscal year end31-12
Activities, NACEBEL
43910Bricklaying and masonry work
43994Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.