TANDEM BE
ActiveTANDEM BE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €242k and a net result of €10k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 91% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-17
Solvency100=
Growth45▲+5
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 9.96 against 6.62 in 2024; short-term debt: 8.2% and cash: 5.5% of total assets), and 8.2% 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
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 · 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
91.8%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 26-05-2026, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
66 d early
2024
71 d early
2023
69 d early
2022
61 d early
2021
67 d early
2020
67 d early
2019
16 d late
← 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
Turnover
€318k▲ 27.2%
2024 · €250k
2018: €349k
2019: €363k
2020: €229k
2021: €316k
2022: €256k
2023: €274k
2024: €250k
2018 → 2025
EBIT margin
5.5%▼ 9.7pp
2024 · 15.2%
2018: 16.7%
2019: 12.2%
2020: 1.0%
2021: 1.1%
2022: -2.3%
2023: 12.1%
2024: 15.2%
2018 → 2025
Net result
€10k▼ 64.4%
2024 · €29k
2018: €43k
2019: €26k
2020: €273
2021: €3k
2022: €2k
2023: €23k
2024: €29k
2018 → 2025
Working capital
€194k▲ 6.3%
2024 · €182k
2018: €113k
2019: €125k
2020: €115k
2021: €128k
2022: €105k
2023: €137k
2024: €182k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€316k-€256k▼ 19.1%€274k▲ 7.2%€250k▼ 8.8%€318k▲ 27.2%
Equity€179k-€180k▲ 0.8%€203k▲ 12.7%€232k▲ 14.1%€242k▲ 4.4%
Operating result€3k-€-6k€33k€38k▲ 13.8%€17k▼ 54.1%
Net result€3k-€2k▼ 51.1%€23k▲ 1,418%€29k▲ 25.3%€10k▼ 64.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263k
Fixed assets
€48k▼ 9.5%
Current assets
€215k▲ 0.3%
Equity and liabilities €263k
Equity
€242k▲ 4.4%
Debt
€22k▼ 40.5%
The debt ratio falls from 13.5% to 8.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▼
2024 · €59k
Cash flow
€30k▼
2024 · €50k
Solvency
91.8%▲
2024 · 86.5%
Current ratio
9.96▲
2024 · 6.62
Quick ratio
9.96▲
2024 · 6.62
Debt / equity
0.09▼
2024 · 0.16
ROE
4.2%▼
2024 · 12.4%
ROA
3.9%▼
2024 · 10.7%
Interest coverage
169.42▼
2024 · 189.56
Debt
€22k▼
2024 · €36k
Debt ≤ 1 year
€22k▼
2024 · €32k
Income taxes
€8k▼
2024 · €9k
Staff costs
€114▼
2024 · €612
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€268k€263k▼
Fixed assets21/28€53k€48k▼
Tangible fixed assets22/27€53k€48k▼
Land and buildings22€17k€21k▲
Plant, machinery and equipment23€1k€6k▲
Furniture and vehicles24€35k€21k▼
Current assets29/58€215k€215k▲
Amounts receivable within one year40/41€48k€41k▼
Trade receivables40€30k€27k▼
Other amounts receivable41€18k€14k▼
Current investments50/53€156k€160k▲
Cash at bank and in hand54/58€11k€15k▲
Equity and liabilities
Total equity and liabilities10/49€268k€263k▼
Equity10/15€232k€242k▲
Contributions10/11€6k€6k=
Reserves13€225k€236k▲
Distributable reserves133€225k€236k▲
Amounts payable17/49€36k€22k▼
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€32k€22k▼
Current portion of amounts payable after more than one year42€5k€4k▼
Trade debts44€18k€12k▼
Suppliers440/4€18k€12k▼
Taxes, remuneration and social security45€9k€6k▼
Taxes450/3€9k€6k▼
Income statement
Code20242025
Turnover70€250k€318k▲
Goods, raw materials, services and sundry goods60/61€189k€285k▲
Remuneration, social security and pensions62€612€114▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€20k▼
Other operating charges640/8€4k€2k▼
Gross operating margin9900€64k€39k▼
Operating profit (loss)9901€38k€17k▼
Financial income75/76B€465€915▲
Recurring financial income75€465€915▲
Financial charges65/66B€313€219▼
Recurring financial charges65€313€219▼
Profit (loss) for the period before taxes9903€38k€18k▼
Income taxes67/77€9k€8k▼
Profit (loss) for the period9904€29k€10k▼
Profit (loss) for the period to be appropriated9905€29k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€10k▼
Profit (loss) brought forward from the previous period14P€456-
Transfer to equity691/2€29k€10k▼
To other reserves6921€29k€10k▼
The notes to these accounts (6 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
26-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €203k ▲12.7%
6 profitable years in a row build equity to €203k.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €273 ▼98.9%
Net result drops to €273, the lowest in the series; recovery starts the following year.
16-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 16 days late
2019
31-12
Financial
Equity above €150kEq €175k ▲17.3%
2 profitable years in a row build equity to €175k.
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-05
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.
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2006
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.
Dorp 819130 Beveren-Kruibeke-ZwijndrechtGround area
47 m²
Parcel 46012D0259/00X000, Flanders. Linked by address, not a title deed.
1 establishment unit
Eco-Solar
since 20062.158.172.695
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46012D0259/00X000 | Flanders | 47 m² | - | - |
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.
Similar companies · same sector, comparable size
PAUWELS INDUSTRIAL
BE 0422.140.337
Evergem · Eq €242k
CATRONICS ELEKTRO WILLEMS
BE 0445.700.647
Grobbendonk · Eq €241k
STOOMTECHNIEK
BE 0428.276.576
Zulte · Eq €239k
ENVIRONMENT TECHNICAL SERVICES EUROPE
BE 0446.415.180
Wommelgem · Eq €238k
Sunpower Systems Belgium
BE 0833.124.288
Brussel · Eq €238k
Of 1,247 companies in sector 46643 we hold annual accounts for 954. 693 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-09-2006
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
46620Wholesale of machine tools
Sources
Crossroads Bank for EnterprisesNational Bank · 19 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.