T.E.P.
ActiveSummary
T.E.P. has been active since 1971 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €772k and a net result of €77k. Equity is shrinking by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-11
Solvency90▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 10.56 against 5.54 in 2024; short-term debt: 2.9% and cash: 29.7% of total assets), and 35.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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
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 →
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
64.8%
Return on assets
6.5%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
73 d early
2023
79 d early
2022
46 d early
2021
88 d early
2020
32 d early
2019
119 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€772k▲ 11.1%
2024 · €695k
Total assets
€1.19M▲ 4.2%
2024 · €1.14M
Net result
€77k
2024 · €-35k
Working capital
€331k▲ 70.2%
2024 · €195k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€-15k▲ 61.8%€-73k▼ 393%€-43k▲ 40.7%€-35k▲ 19.7%€-53k▼ 52.8%
Net result€-4k▲ 88.7%€-75k▼ 1,653%€-44k▲ 40.6%€-35k▲ 20.1%€77k
Equity€859k▼ 0.5%€785k▼ 8.7%€740k▼ 5.6%€695k▼ 6.1%€772k▲ 11.1%
Total assets€1.16M▲ 8.9%€1.27M▲ 9.6%€1.19M▼ 6.2%€1.14M▼ 4.1%€1.19M▲ 4.2%
Debt€223k▲ 112%€413k▲ 85.4%€383k▼ 7.4%€384k▲ 0.2%€358k▼ 6.6%
Working capital€269k▲ 21.5%€158k▼ 41.3%€213k▲ 35.3%€195k▼ 8.8%€331k▲ 70.2%
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 stays negative: a loss of €53k in 2025 against €35k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.19M
Fixed assets
€825k ▼ 8.9%
Current assets
€366k ▲ 54.1%
Equity and liabilities €1.19M
Equity
€772k ▲ 11.1%
Provisions
€61k ▼ 6.2%
Debt
€358k ▼ 6.6%
Debt's share of the balance-sheet total falls from 33.6% to 30.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €27k
Cash flow
€143k▲
2024 · €26k
Current ratio
10.56▲
2024 · 5.54
Debt to equity
0.46▼
2024 · 0.55
ROE
10.0%▲
2024 · -5.1%
ROA
6.5%▲
2024 · -3.1%
Interest coverage
3.30▼
2024 · 6.13
Debt ≤ 1 year
€35k▼
2024 · €43k
Debt > 1 year
€316k▼
2024 · €335k
Income taxes
€9k▲
2024 · €326
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54k | €60k | €61k | €62k | €66k | ▲ 6.4% |
| Other operating charges640/8 | €6k | €7k | €8k | €9k | €13k | ▲ 46.7% |
| Non-recurring operating charges66A | - | - | - | - | €6k | - |
| Gross operating margin9900 | €46k | €-6k | €26k | €36k | €31k | ▼ 12.3% |
| Operating profit (loss)9901 | €-15k | €-73k | €-43k | €-35k | €-53k | ▼ 52.8% |
| Financial income75/76B | - | - | - | - | €139k | - |
| Recurring financial income75 | - | - | - | - | €139k | - |
| Non-recurring financial income76B | - | - | - | - | €139k | - |
| Financial charges65/66B | €3k | €6k | €5k | €4k | €4k | ▼ 13.3% |
| Recurring financial charges65 | €3k | €6k | €5k | €4k | €4k | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | €-18k | €-78k | €-48k | €-39k | €82k | ▲ 310% |
| Transfer from deferred taxes780 | €19k | €4k | €4k | €4k | €4k | = |
| Income taxes67/77 | €6k | €278 | €319 | €326 | €9k | ▲ 2,726% |
| Profit (loss) for the period9904 | €-4k | €-75k | €-44k | €-35k | €77k | ▲ 317% |
| Transfer from tax-exempt reserves789 | €48k | €12k | €12k | €12k | €12k | = |
| Profit (loss) for the period to be appropriated9905 | €43k | €-63k | €-32k | €-24k | €89k | ▲ 478% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.16M | €1.27M | €1.19M | €1.14M | €1.19M | ▲ 4.2% |
| Fixed assets21/28 | €808k | €1.07M | €952k | €906k | €825k | ▼ 8.9% |
| Tangible fixed assets22/27 | €808k | €1.07M | €952k | €906k | €825k | ▼ 8.9% |
| Land and buildings22 | €729k | €978k | €872k | €827k | €767k | ▼ 7.3% |
| Plant, machinery and equipment23 | €78k | €95k | €80k | €64k | €49k | ▼ 24.0% |
| Furniture and vehicles24 | €1k | €470 | - | €14k | €9k | ▼ 36.4% |
| Current assets29/58 | €351k | €198k | €240k | €237k | €366k | ▲ 54.1% |
| Amounts receivable within one year40/41 | €10k | €6k | €4k | €1k | €10k | ▲ 666% |
| Trade receivables40 | €2k | €3k | €4k | €1k | €10k | ▲ 666% |
| Other amounts receivable41 | €8k | €4k | - | - | - | - |
| Cash at bank and in hand54/58 | €340k | €191k | €235k | €235k | €354k | ▲ 50.5% |
| Deferred charges and accrued income490/1 | €297 | €324 | €341 | €911 | €2k | ▲ 87.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.16M | €1.27M | €1.19M | €1.14M | €1.19M | ▲ 4.2% |
| Equity10/15 | €859k | €785k | €740k | €695k | €772k | ▲ 11.1% |
| Contributions10/11 | €204k | €204k | €204k | €204k | €204k | = |
| Capital10 | €204k | €204k | €204k | €204k | €204k | = |
| Issued capital100 | €204k | €204k | €204k | €204k | €204k | = |
| Reserves13 | €655k | €580k | €536k | €491k | €568k | ▲ 15.7% |
| Non-distributable reserves130/1 | €20k | €20k | €20k | €20k | €20k | = |
| Legal reserve130 | €20k | €20k | €20k | €20k | €20k | = |
| Tax-exempt reserves132 | €312k | €300k | €288k | €276k | €264k | ▼ 4.3% |
| Distributable reserves133 | €323k | €260k | €228k | €194k | €283k | ▲ 45.8% |
| Provisions and deferred taxes16 | €77k | €73k | €69k | €65k | €61k | ▼ 6.2% |
| Deferred taxes168 | €77k | €73k | €69k | €65k | €61k | ▼ 6.2% |
| Amounts payable17/49 | €223k | €413k | €383k | €384k | €358k | ▼ 6.6% |
| Amounts payable after more than one year17 | €135k | €373k | €354k | €335k | €316k | ▼ 5.6% |
| Financial debts170/4 | €125k | €373k | €354k | €335k | €316k | ▼ 5.6% |
| Other amounts payable178/9 | €10k | - | - | - | - | - |
| Amounts payable within one year42/48 | €82k | €40k | €27k | €43k | €35k | ▼ 19.1% |
| Current portion of amounts payable after more than one year42 | - | €18k | €19k | €19k | €19k | ▲ 0.9% |
| Trade debts44 | €72k | €17k | €6k | €12k | €997 | ▼ 91.7% |
| Suppliers440/4 | €72k | €17k | €6k | €12k | €997 | ▼ 91.7% |
| Taxes, remuneration and social security45 | €10k | €4k | €2k | €2k | €15k | ▲ 623% |
| Taxes450/3 | €10k | €4k | €2k | €2k | €15k | ▲ 623% |
| Other amounts payable47/48 | - | €150 | €150 | €10k | €150 | ▼ 98.5% |
| Accrued charges and deferred income492/3 | €7k | €980 | €2k | €6k | €7k | ▲ 29.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €-75k | €-44k | €-35k | €77k | ▲ 317% |
| + Depreciation and write-downs630 | €54k | €60k | €61k | €62k | €66k | ▲ 6.4% |
| Operating cash flow (approximation) | €50k | €-15k | €16k | €26k | €143k | ▲ 443% |
| Investment in fixed assets (approximation) | - | €-324k | €61k | €-16k | €15k | ▲ 197% |
| Change in cash | - | €-150k | €45k | €-155 | €119k | ▲ 76,750% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 25 days late
2025
31-12
Financial
Back to profitnet €77k
Net result €77k after 6 loss-making years.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-76k
Net result drops to €-76k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Viroinval · 2 establishment units since 1971
Ground area
2,671 m²
Building footprint
557 m²
Volume, LiDAR
594 m³
3 parcels, Wallonia · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Rue de la Villette 70, 6001 Charleroi
since 19712.006.457.173
Rue de la Ville 16, 5660 Couvin
since 19912.130.668.247
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93047A0996/00T000 | Wallonia | 2,188 m² | 1 · 321 m² | - |
| 93014F0126/00D000 | Wallonia | 317 m² | 1 · 145 m² | - |
| 52045A0184/00G007 | Wallonia | 166 m² | 1 · 91 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 4,254 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-09-1971
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
info@sa-tep.be
Scores and ratios are computed by Checked and are not a credit decision.