T.E.S. ELECTRIC
ActiveSummary
The computed 12-month bankruptcy probability of T.E.S. ELECTRIC is 1.6% (moderate). The 2025 annual accounts show equity of €70k and a net result of €14k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 74% of 7453 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
79
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+8
Solvency91▲+12
Growth35=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 3.34 against 2.76 in 2024; short-term debt: 29.9% and cash: 66.9% of total assets), and 34.3% 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 41
Relative position
BE, all sectors
reference
Sector 41
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
65.7%
Return on assets
13.4%
Age of the figures
13 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 19-03-2026, 12 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
12 d early
2024
32 d early
2023
2 d late
2022
3 d early
2021
on the day
2020
5 d early
2019
39 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 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close24-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€354k▲ 15.1%
2020 · €307k
2019: €566k
2020: €307k
2019 → 2021
EBIT margin
3.6%▼ 0.4pp
2020 · 4.0%
2019: 4.1%
2020: 4.0%
2019 → 2021
Net result
€14k▲ 132%
2024 · €6k
2019: €18k
2020: €10k
2021: €9k
2022: €12k
2023: €11k
2024: €6k
2019 → 2025
Working capital
€74k▲ 65.2%
2024 · €45k
2019: €26k
2020: €36k
2021: €30k
2022: €34k
2023: €27k
2024: €45k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€354k-
Equity€46k-€58k▲ 26.7%€39k▼ 32.8%€45k▲ 15.8%€70k▲ 55.4%
Operating result€13k-€17k▲ 31.9%€14k▼ 14.5%€8k▼ 44.4%€18k▲ 131%
Net result€9k-€12k▲ 28.2%€11k▼ 8.7%€6k▼ 44.6%€14k▲ 132%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 131% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €106k
Equity
€70k ▲ 55.4%
Debt
€36k ▼ 5.8%
Debt's share of the balance-sheet total falls from 46.2% to 34.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29k▲
2024 · €29k
Cash flow
€25k▼
2024 · €27k
Current ratio
3.34▲
2024 · 2.76
Debt to equity
0.52▼
2024 · 0.86
ROE
20.4%▲
2024 · 13.7%
ROA
13.4%▲
2024 · 7.4%
Interest coverage
278.64▲
2024 · 224.48
Debt ≤ 1 year
€32k▲
2024 · €26k
Debt > 1 year
€5k▼
2024 · €13k
Income taxes
€4k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines
Balance sheet
Code20242025
Assets
Total assets20/58€84k€106k▲
Fixed assets21/28€13k-
Tangible fixed assets22/27€13k-
Furniture and vehicles24€13k-
Current assets29/58€71k€106k▲
Amounts receivable within one year40/41€21k€35k▲
Trade receivables40€21k€35k▲
Other amounts receivable41€199€369▲
Cash at bank and in hand54/58€49k€71k▲
Equity and liabilities
Total equity and liabilities10/49€84k€106k▲
Equity10/15€45k€70k▲
Contributions10/11€8k€19k▲
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€35k€49k▲
Amounts payable17/49€39k€36k▼
Amounts payable after more than one year17€13k€5k▼
Financial debts170/4€13k€5k▼
Amounts payable within one year42/48€26k€32k▲
Current portion of amounts payable after more than one year42€8k€8k=
Trade debts44€15k€19k▲
Suppliers440/4€15k€19k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€11k▼
Other operating charges640/8€632€1k▲
Gross operating margin9900€29k€30k▲
Operating profit (loss)9901€8k€18k▲
Financial charges65/66B€128€104▼
Recurring financial charges65€128€104▼
Profit (loss) for the period before taxes9903€8k€18k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€6k€14k▲
Profit (loss) for the period to be appropriated9905€6k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€65k€79k▲
Profit (loss) brought forward from the previous period14P€59k€65k▲
Profit to be distributed694/7€30k€30k=
Directors or managers695€30k€30k=
The notes to these accounts (7 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
19-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
Financial
Weakest financial yearnet €6k ▼44.6%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
Financial
Liquidity quadruplescurrent ratio 8.75
Current ratio from 2.21 to 8.75; short-term debt falls from €22k to €5k.
21-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Jette · 1 establishment unit since 2018
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.
de Rivierendreef 2121090 JetteGround area
856 m²
Building footprint
295 m²
Volume, LiDAR
4,172 m³
2 parcels, Brussels · tallest building 18.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
T.E.S. ELECTRIC
since 20182.276.041.058
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21463C0430/00P002 | Brussels | 773 m² | 1 · 212 m² | 17.1 m · 5 fl. |
| 21815D0016/00F003 | Brussels | 83 m² | 1 · 83 m² | 18.7 m · 5 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.
Similar companies · same sector, comparable size
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BE 0432.419.862
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Eli Construct Algemene Bouwonderneming
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DELL'ARIA BRUNO
BE 0864.493.989
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LL RENOVATION
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 13,231 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-2018
Fiscal year end31-08
Activities, NACEBEL 2025
41001General construction of residential buildings
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.