T.E.O.
ActiveSummary
T.E.O. has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231,270 and a net result of €48,021. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 62% of 10519 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+12
Solvency74▼-17
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity tight (current ratio 1.1 against 2.62 in 2024; short-term debt: 51.1% and cash: 3.2% of total assets), and 51.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
48.9%
Return on assets
10.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
56 d late
2023
8 d late
2022
25 d early
2021
4 d early
2020
27 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 9 August (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€231,270▲ 26.2%
2024 · €183,249
Total assets
€473,051▲ 71.1%
2024 · €276,532
Net result
€48,021▲ 161%
2024 · €18,393
Working capital
€23,369▼ 84.6%
2024 · €151,258
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result€3,300▼ 92.2%€10,222▲ 210%-€3,828€25,701€68,042▲ 165%
Net result-€494within the sector's middle half€4,964within the sector's middle half-€9,642below the sector's middle half€18,393within the sector's middle half€48,021within the sector's middle half▲ 161%
Equity€169,534above the sector's middle half▼ 0.3%€174,497above the sector's middle half▲ 2.9%€164,855above the sector's middle half▼ 5.5%€183,249above the sector's middle half▲ 11.2%€231,270within the sector's middle half▲ 26.2%
Total assets€206,160within the sector's middle half▼ 36.5%€225,677within the sector's middle half▲ 9.5%€204,798within the sector's middle half▼ 9.3%€276,532within the sector's middle half▲ 35.0%€473,051within the sector's middle half▲ 71.1%
Debt€36,460▼ 76.4%€51,180▲ 40.4%€39,943▼ 22.0%€93,284▲ 134%€241,781▲ 159%
Working capital€155,321above the sector's middle half▼ 8.8%€147,863above the sector's middle half▼ 4.8%€139,870above the sector's middle half▼ 5.4%€151,258above the sector's middle half▲ 8.1%€23,369within the sector's middle half▼ 84.6%
Solvency82.2%above the sector's middle half▲ 29.9pp77.3%above the sector's middle half▼ 4.9pp80.5%above the sector's middle half▲ 3.2pp66.3%above the sector's middle half▼ 14.2pp48.9%within the sector's middle half▼ 17.4pp
Current ratio5.83above the sector's middle half▲ 3.573.89above the sector's middle half▼ 1.954.50above the sector's middle half▲ 0.612.62within the sector's middle half▼ 1.881.10within the sector's middle half▼ 1.52
Return on assets (ROA)-0.2%within the sector's middle half▼ 11.8pp2.2%within the sector's middle half▲ 2.4pp-4.7%below the sector's middle half▼ 6.9pp6.7%within the sector's middle half▲ 11.4pp10.2%within the sector's middle half▲ 3.5pp
Staff (FTE)1.71▼ 41.2%2▲ 100%1.1▼ 45.0%1below the sector's middle half▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 165% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €473,051
Fixed assets
€207,901 ▲ 550%
Current assets
€265,150 ▲ 8.4%
Equity and liabilities €473,051
Equity
€231,270 ▲ 26.2%
Debt
€241,781 ▲ 159%
Debt's share of the balance-sheet total rises from 33.7% to 51.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€100,772▲
2024 · €29,376
Cash flow
€80,751▲
2024 · €22,068
Quick ratio
0.17▼
2024 · 0.74
Debt to equity
1.05▲
2024 · 0.51
ROE
20.8%▲
2024 · 10.0%
Interest coverage
15.52▲
2024 · 5.06
Debt ≤ 1 year
€241,781▲
2024 · €93,284
Income taxes
€13,527▲
2024 · €1,503
Staff costs
€32,297▼
2024 · €37,158
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €21,341 | €37,247 | €40,667 | €37,158 | €32,297 | ▼ 13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,995 | €2,132 | €3,524 | €3,675 | €32,730 | ▲ 791% |
| Other operating charges640/8 | €796 | €2,308 | €8,636 | €2,478 | €2,276 | ▼ 8.1% |
| Gross operating margin9900 | €30,432 | €51,910 | €48,999 | €69,012 | €135,345 | ▲ 96.1% |
| Operating profit (loss)9901 | €3,300 | €10,222 | -€3,828 | €25,701 | €68,042 | ▲ 165% |
| Financial income75/76B | €0 | - | - | €0 | €0 | ▼ 16.7% |
| Recurring financial income75 | €0 | - | - | €0 | €0 | ▼ 16.7% |
| Financial charges65/66B | €3,794 | €5,139 | €5,682 | €5,805 | €6,494 | ▲ 11.9% |
| Recurring financial charges65 | €3,794 | €5,139 | €5,682 | €5,805 | €6,494 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | -€494 | €5,083 | -€9,510 | €19,896 | €61,548 | ▲ 209% |
| Income taxes67/77 | - | €120 | €132 | €1,503 | €13,527 | ▲ 800% |
| Profit (loss) for the period9904 | -€494 | €4,964 | -€9,642 | €18,393 | €48,021 | ▲ 161% |
| Profit (loss) for the period to be appropriated9905 | -€494 | €4,964 | -€9,642 | €18,393 | €48,021 | ▲ 161% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €206,160 | €225,677 | €204,798 | €276,532 | €473,051 | ▲ 71.1% |
| Fixed assets21/28 | €18,713 | €26,634 | €24,985 | €31,990 | €207,901 | ▲ 550% |
| Tangible fixed assets22/27 | €3,412 | €11,332 | €9,683 | €16,688 | €192,599 | ▲ 1,054% |
| Land and buildings22 | €2,970 | €2,370 | €1,770 | €1,170 | €4,456 | ▲ 281% |
| Plant, machinery and equipment23 | - | €6,640 | €5,148 | €14,318 | €158,120 | ▲ 1,004% |
| Furniture and vehicles24 | €441 | €2,322 | €2,765 | €1,200 | €30,023 | ▲ 2,401% |
| Financial fixed assets28 | €15,302 | €15,302 | €15,302 | €15,302 | €15,302 | = |
| Current assets29/58 | €187,447 | €199,043 | €179,813 | €244,542 | €265,150 | ▲ 8.4% |
| Stocks and contracts in progress3 | €187,097 | €139,327 | €104,004 | €175,436 | €223,040 | ▲ 27.1% |
| Stocks30/36 | €187,097 | €139,327 | €104,004 | €175,436 | €223,040 | ▲ 27.1% |
| Amounts receivable within one year40/41 | €350 | €11,000 | €13,936 | €13,513 | €26,986 | ▲ 99.7% |
| Trade receivables40 | - | - | - | €2,815 | €20,640 | ▲ 633% |
| Other amounts receivable41 | €350 | €11,000 | €13,936 | €10,698 | €6,346 | ▼ 40.7% |
| Cash at bank and in hand54/58 | - | €48,716 | €61,873 | €38,873 | €14,983 | ▼ 61.5% |
| Deferred charges and accrued income490/1 | - | - | - | €16,720 | €141 | ▼ 99.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €206,160 | €225,677 | €204,798 | €276,532 | €473,051 | ▲ 71.1% |
| Equity10/15 | €169,534 | €174,497 | €164,855 | €183,249 | €231,270 | ▲ 26.2% |
| Contributions10/11 | €7,437 | €7,437 | €7,437 | €7,437 | - | - |
| Capital10 | €7,437 | €7,437 | - | - | - | - |
| Issued capital100 | €7,437 | €7,437 | - | - | - | - |
| Outside capital11 | - | - | €7,437 | €7,437 | - | - |
| Other1109/19 | - | - | €7,437 | €7,437 | - | - |
| Reserves13 | €21,805 | €21,805 | €21,805 | €21,805 | €231,270 | ▲ 961% |
| Non-distributable reserves130/1 | €744 | €744 | €744 | €744 | €744 | = |
| Legal reserve130 | €744 | €744 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €744 | €744 | €744 | = |
| Tax-exempt reserves132 | €21,062 | €21,062 | €21,062 | €21,062 | €21,062 | = |
| Distributable reserves133 | - | - | - | - | €209,464 | - |
| Profit (loss) carried forward14 | €140,292 | €145,255 | €135,613 | €154,006 | - | - |
| Provisions and deferred taxes16 | €167 | - | - | - | - | - |
| Deferred taxes168 | €167 | - | - | - | - | - |
| Amounts payable17/49 | €36,460 | €51,180 | €39,943 | €93,284 | €241,781 | ▲ 159% |
| Amounts payable after more than one year17 | €4,334 | - | - | - | - | - |
| Financial debts170/4 | €4,334 | - | - | - | - | - |
| Amounts payable within one year42/48 | €32,126 | €51,180 | €39,943 | €93,284 | €241,781 | ▲ 159% |
| Financial debts43 | €20,108 | - | - | - | - | - |
| Credit institutions430/8 | €20,108 | - | - | - | - | - |
| Trade debts44 | €8,287 | €46,198 | €39,796 | €93,049 | €153,878 | ▲ 65.4% |
| Suppliers440/4 | €8,287 | €46,198 | €39,796 | €93,049 | €153,878 | ▲ 65.4% |
| Taxes, remuneration and social security45 | €3,182 | €3,968 | €132 | €235 | €40,128 | ▲ 17,000% |
| Taxes450/3 | - | €2,848 | €132 | €235 | €13,527 | ▲ 5,664% |
| Remuneration and social security454/9 | €3,182 | €1,120 | - | - | €26,600 | - |
| Other amounts payable47/48 | €549 | €1,015 | €15 | - | €47,776 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€494 | €4,964 | -€9,642 | €18,393 | €48,021 | ▲ 161% |
| + Depreciation and write-downs630 | €4,995 | €2,132 | €3,524 | €3,675 | €32,730 | ▲ 791% |
| Operating cash flow (approximation) | €4,501 | €7,096 | -€6,118 | €22,068 | €80,751 | ▲ 266% |
| Investment in fixed assets (approximation) | - | -€10,053 | -€1,875 | -€10,680 | -€208,640 | ▼ 1,854% |
| Change in cash | - | - | €13,157 | -€23,001 | -€23,890 | ▼ 3.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
31-12
Financial
Highest result since 2018net €48,021 ▲161%
Operating result €68,042, net result €48,021, both a record.
31-12
Financial
Equity above €200,000Eq €231,270 ▲26.2%
2 profitable years in a row build equity to €231,270.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Back to profitnet €18,393
Net result €18,393 after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €4,964
Net result €4,964 after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 5.83
Current ratio from 2.27 to 5.83; short-term debt falls from €134,190 to €32,126.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €37,374
Net result €37,374 after 2 loss-making years.
Show earlier events
31-12
Financial
Equity above €150,000Eq €170,028 ▲28.2%
Equity rises from €132,654 to €170,028.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 323 days late
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 688 days late
2019
31-12
Financial
Weakest financial yearnet -€60,449
Net result drops to -€60,449, the lowest in the series; recovery starts the following year.
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 421 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Schaarbeek · 1 establishment unit since 1986
Ground area
408 m²
Building footprint
409 m²
Volume, LiDAR
3,301 m³
Parcel 21908E0268/00F000, Brussels · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Haachtsesteenweg 117, 1030 Schaarbeek
since 19862.036.057.417
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21908E0268/00F000 | Brussels | 408 m² | 1 · 409 m² | 15.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.036.057.417
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,068 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
Founded19-08-1986
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429287653
Also
9925:BE0429287653
Registered
30-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.