Active BE 0844.029.563Private limited company

T10

Vredestraat 95 ·2540 Hove, Belgium· 14 yrs active

Sector: Specialised image, lighting and sound technical services (90393)

Conclusion Checked

T10 has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106k and a net result of €27k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 40% of 184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€106k
Net result	€27k
Staff (FTE)	1
Better than sector	40%

Financial profile 5 of 5 axes measured · computed by Checked

77 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 61

Profitability 100

Solvency 44

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.2% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2012, 14 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

61 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€6k

estimate, not credit advice

Score history

68 2023

66 2024

61 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.84 (< 1.0) -10

Profitability ROE 25% (≥ 10%) +10

Interest coverage Interest coverage 3.0× +3

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview13 NBB filings

Annual accounts filed on 30-01-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~14.1%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 90, Arts creation and performing arts activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	30.0%	45.7%	better than 40% of 184 sector peers
Net result	€27k	€9k	better than 77% of 184 sector peers
Equity	€106k	€33k	better than 81% of 184 sector peers
Gross operating margin	€198k	€21k	better than 92% of 184 sector peers
Staff costs	€42k	€34k	higher than 56% of 37 sector peers

EBITDA

€145k

+53.9% 23-25

Net profit

€27k

+41.9% 23-25

Cash flow

€83k

+13.2% 23-25

Total assets

€354k

-8.5% 23-25

Equity

€106k

+9.0% 23-25

Working capital

€-13k

-427.2% 23-25

Employees (FTE)

1

0.0% 23-25

Staff costs

€42k

+3.3% 23-25

Income taxes

€13k

+42.8% 23-25

Dividends

€18k

+47.6% 23-25

Debt

€247k

-14.4% 23-25

Debt ≤ 1y

€81k

-5.5% 23-25

Debt > 1y

€166k

-18.2% 23-25

Current ratio

0.84

-13.4% 23-25

Quick ratio

0.84

-13.4% 23-25

Solvency

30.0%

+19.1% 23-25

Debt / equity

2.33

-21.5% 23-25

ROE

25.0%

+30.2% 23-25

ROA

7.5%

+55.1% 23-25

Interest coverage

2.96

-58.9% 23-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023
Deposit	micro schema	micro schema	micro schema
Revenue	-	-	-
EBITDA	€145k	€94k	€102k
Net profit	€27k	€19k	€16k
Cash flow	€83k	€74k	€86k
Staff costs	€42k	€40k	€27k
Income taxes	€13k	€9k	€9k
Dividends	€18k	-	€12k
Total assets	€354k	€386k	€412k
Equity	€106k	€97k	€79k
Debt	€247k	€289k	€333k
of which ≤ 1y	€81k	€86k	€153k
of which > 1y	€166k	€203k	€180k
Working capital	€-13k	€-2k	€2k
Employees (FTE)	1.0	1.0	-

Ratios (computed)

	2025	2024	2023
Current ratio	0.84	0.97	1.01
Quick ratio	0.84	0.97	1.01
Working capital ratio	-3.6%	-0.6%	0.4%
Solvency	30.0%	25.2%	19.1%
Debt / equity	2.33	2.97	4.23
Long-term debt ratio	1.56	2.08	2.29
Interest coverage	2.96	7.21	13.49
Gross margin	-	-	-
Net margin	-	-	-
ROA	7.5%	4.8%	4.0%
ROE	25.0%	19.2%	20.8%
EBITDA margin	-	-	-
Days sales outstanding	-	-	-
Days payable outstanding	-	-	-
Inventory turnover	-	-	-
Days inventory (DSI)	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €285k · 80.7% Current assets €68k · 19.4%

Equity & liabilities

Equity €106k · 30.0% Debt €247k · 70.0%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€354k	€386k	€412k
Fixed assets	21/28	€285k	€303k	€257k
Tangible fixed assets	22/27	€285k	€303k	€257k
Current assets	29/58	€68k	€84k	€154k
Amounts receivable within one year	40/41	€59k	€81k	€154k
Cash & bank	54/58	€10k	€3k	€78
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€354k	€386k	€412k
Equity	10/15	€106k	€97k	€79k
Contributions / capital	10/11	€12k	€12k	€12k
Reserves	13	€93k	€84k	€65k
Accumulated profits (losses)	14	€996	€996	€996
Amounts payable	17/49	€247k	€289k	€333k
Amounts payable after one year	17	€166k	€203k	€180k
Amounts payable within one year	42/48	€81k	€86k	€153k
Trade debts payable within one year	44	€8k	€16k	€75k
Income statement
Gross operating margin	9900	€198k	€138k	€132k
Operating result	9901	€89k	€40k	€33k
Financial income	75	€1	€1k	€5
Financial charges	65	€49k	€13k	€8k
Result before taxes	9903	€39k	€28k	€25k
Income taxes	67/77	€13k	€9k	€9k
Net result for the period	9904	€27k	€19k	€16k
Result to be appropriated	9905	€27k	€19k	€16k

Directors & mandates 1 directors

Current directors & mandates

Van Leuven Thomas
Director
State Gazette act 23347135 (22-05-2023)

Current
22-05-2023 → present
2 events
- 22-05-2023 Resigned· Director
- 22-05-2023 Appointed· Director

Legal Structure

NACE primary	Specialised image, lighting and sound technical services(90393)
Legal form	Private limited company(610)
Incorporation	24-02-2012
Status	Active
Postal code	2540

Establishment units 1 location

T10

Molenlei 52, 2530 BoechoutArts creation and performing arts activities

since 20122.207.617.852

Real-estate footprint Source: CBE × cadastre

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11021B0021/00Z003	Flanders	1,055 m²	1 · 155 m²	10.6 m · 1 fl.
11004D0418/00L002	Flanders	134 m²	1 · 69 m²	8.0 m · 2 fl.

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.

Updates 11 events

All 13Financial 2Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

30-01

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-06

Financial Highest result since 2023net €27k ▲41.9%

Operating result €89k, net result €27k, both a record.

30-06

Financial Equity above €100kEq €106k ▲9%

3 profitable years in a row build equity to €106k.

29-01

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

29-01

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

22-05

State Gazette act Director changes

Nathalie Heyde

30-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

29-01

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

29-01

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

24-01

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

29-01

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

24-01

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

12-01

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 3 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

22-05-2023 1 director appointed, 1 resigning Director changes·Nathalie Heyde

Van Leuven Thomas, Bestuurder
Van Leuven Thomas, Bestuurder

Notary: Nathalie Heyde · Antwerpen

Original publication ↗

Technical details

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  "notary": {
    "name": "Nathalie Heyde",
    "firm_city": null,
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    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-05-22",
    "filing_date": "2023-05-17",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-05-10",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0844.029.563",
    "name_full": "T10",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
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}

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Specialised image, lighting and sound technical services90393

Names & trade names

Legal nameNL

T10

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