TAPETECH
ActiveSummary
The computed 12-month bankruptcy probability of TAPETECH is 6.0% (elevated). The 2025 annual accounts show equity of €32k and a net result of €-23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 24% of 7500 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▲+30
Solvency43▼-1
Growth52=
Track record92
Bankruptcy probability, 12 months
6.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.86 against 0.94 in 2024; short-term debt: 82.5% and cash: 4.6% of total assets), and 82.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
17.5%
Return on assets
-12.3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-23k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 7500 sector peers (2025).
NBB · sector comparisonPosition among 7500 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 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 · 7 filingsDeviation from the deadline
2025
21 d late
2024
172 d late
2023
41 d late
2022
2 d late
2021
110 d late
2020
53 d late
2019
10 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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, micro schema
Equity
€32k▼ 41.3%
2024 · €55k
2019: €15klowest in 7 years
2020: €43k▲ +178% vs 2019
2021: €59k▲ +37.1% vs 2020
2022: €78k▲ +32.6% vs 2021
2023: €94k▲ +20.0% vs 2022highest in 7 years
2024: €55k▼ -41.1% vs 2023
2025: €32k▼ -41.3% vs 2024
2019 → 2025
Total assets
€186k▼ 34.9%
2024 · €285k
2019: €23klowest in 7 years
2020: €128k▲ +451% vs 2019
2021: €241k▲ +88.0% vs 2020
2022: €269k▲ +11.7% vs 2021
2023: €510k▲ +89.4% vs 2022highest in 7 years
2024: €285k▼ -44.1% vs 2023
2025: €186k▼ -34.9% vs 2024
2019 → 2025
Net result
€-23k▲ 40.8%
2024 · €-39k
2019: €9k
2020: €28k▲ +196% vs 2019highest in 7 years
2021: €16k▼ -42.0% vs 2020
2022: €19k▲ +20.3% vs 2021
2023: €16k▼ -18.6% vs 2022
2024: €-39k▼ -346% vs 2023lowest in 7 years
2025: €-23k▲ +40.8% vs 2024
2019 → 2025
Working capital
€-21k▼ 53.3%
2024 · €-14k
2019: €10k
2020: €17k▲ +69.1% vs 2019
2021: €63k▲ +267% vs 2020highest in 7 years
2022: €35k▼ -44.4% vs 2021
2023: €46k▲ +30.7% vs 2022
2024: €-14k▼ -129% vs 2023
2025: €-21k▼ -53.3% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€78k▲ 32.6%€94k▲ 20.0%€55k▼ 41.1%€32k▼ 41.3%
2021: €59k
2022: €78k▲ +32.6% vs 2021
2023: €94k▲ +20.0% vs 2022highest in 5 years
2024: €55k▼ -41.1% vs 2023
2025: €32k▼ -41.3% vs 2024lowest in 5 years
Operating result€16k-€38k▲ 139%€30k▼ 22.7%€-8k€-13k▼ 67.1%
2021: €16k
2022: €38k▲ +139% vs 2021highest in 5 years
2023: €30k▼ -22.7% vs 2022
2024: €-8k▼ -127% vs 2023
2025: €-13k▼ -67.1% vs 2024lowest in 5 years
Net result€16k-€19k▲ 20.3%€16k▼ 18.6%€-39k€-23k▲ 40.8%
2021: €16k
2022: €19k▲ +20.3% vs 2021highest in 5 years
2023: €16k▼ -18.6% vs 2022
2024: €-39k▼ -346% vs 2023lowest in 5 years
2025: €-23k▲ +40.8% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €13k in 2025 against €8k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €186k
Fixed assets
€53k ▼ 32.1%
Current assets
€132k ▼ 35.9%
Equity and liabilities €186k
Equity
€32k ▼ 41.3%
Debt
€153k ▼ 33.3%
Debt's share of the balance-sheet total rises from 80.6% to 82.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▲
2024 · €-3k
Cash flow
€2k▲
2024 · €-34k
Current ratio
0.86▼
2024 · 0.94
Quick ratio
0.76▼
2024 · 0.93
Debt to equity
4.71▲
2024 · 4.15
ROE
-70.3%▼
2024 · -69.7%
ROA
-12.3%▲
2024 · -13.5%
Interest coverage
3.45▲
2024 · -0.60
Debt ≤ 1 year
€153k▼
2024 · €220k
Income taxes
€6k▼
2024 · €26k
Staff costs
€224
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 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€285k€186k▼
Fixed assets21/28€78k€53k▼
Tangible fixed assets22/27€71k€45k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€60k€39k▼
Financial fixed assets28€8k€8k=
Current assets29/58€206k€132k▼
Stocks and contracts in progress3€1k€15k▲
Stocks30/36€1k€15k▲
Amounts receivable within one year40/41€185k€108k▼
Trade receivables40€179k€105k▼
Other amounts receivable41€6k€4k▼
Cash at bank and in hand54/58€20k€9k▼
Equity and liabilities
Total equity and liabilities10/49€285k€186k▼
Equity10/15€55k€32k▼
Contributions10/11€6k€6k=
Reserves13€500€500=
Distributable reserves133€500€500=
Profit (loss) carried forward14€49k€26k▼
Amounts payable17/49€229k€153k▼
Amounts payable after more than one year17€10k-
Financial debts170/4€10k-
Amounts payable within one year42/48€220k€153k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Financial debts43€62k€62k=
Credit institutions430/8€62k€62k=
Trade debts44€138k€34k▼
Suppliers440/4€138k€34k▼
Taxes, remuneration and social security45€8k€20k▲
Taxes450/3€8k€20k▲
Other amounts payable47/48€9k€32k▲
Income statement
Code20242025
Remuneration, social security and pensions62-€224
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€25k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€84k-
Other operating charges640/8€53k€3k▼
Gross operating margin9900€134k€15k▼
Operating profit (loss)9901€-8k€-13k▼
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€-13k€-17k▼
Income taxes67/77€26k€6k▼
Profit (loss) for the period9904€-39k€-23k▲
Profit (loss) for the period to be appropriated9905€-39k€-23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€26k▼
Profit (loss) brought forward from the previous period14P€87k€49k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €224 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €18k | €17k | €5k | €25k | ▲ 433% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €49k | €84k | - | - |
| Other operating charges640/8 | - | €1k | €7k | €53k | €3k | ▼ 94.6% |
| Gross operating margin9900 | €30k | €58k | €103k | €134k | €15k | ▼ 88.7% |
| Operating profit (loss)9901 | €16k | €38k | €30k | €-8k | €-13k | ▼ 67.1% |
| Financial income75/76B | - | €1k | - | - | - | - |
| Recurring financial income75 | - | €1k | - | - | - | - |
| Financial charges65/66B | - | €7k | €1k | €5k | €3k | ▼ 33.1% |
| Recurring financial charges65 | - | €7k | €1k | €5k | €3k | ▼ 33.1% |
| Profit (loss) for the period before taxes9903 | €16k | €32k | €28k | €-13k | €-17k | ▼ 27.1% |
| Income taxes67/77 | - | €13k | €13k | €26k | €6k | ▼ 75.6% |
| Profit (loss) for the period9904 | €16k | €19k | €16k | €-39k | €-23k | ▲ 40.8% |
| Profit (loss) for the period to be appropriated9905 | €16k | €19k | €16k | €-39k | €-23k | ▲ 40.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €241k | €269k | €510k | €285k | €186k | ▼ 34.9% |
| Fixed assets21/28 | €59k | €43k | €58k | €78k | €53k | ▼ 32.1% |
| Tangible fixed assets22/27 | €56k | €41k | €50k | €71k | €45k | ▼ 35.6% |
| Plant, machinery and equipment23 | €56k | €9k | €11k | €11k | €7k | ▼ 36.9% |
| Furniture and vehicles24 | - | €32k | €39k | €60k | €39k | ▼ 35.4% |
| Financial fixed assets28 | €2k | €2k | €8k | €8k | €8k | = |
| Current assets29/58 | €182k | €226k | €452k | €206k | €132k | ▼ 35.9% |
| Stocks and contracts in progress3 | - | €13k | €3k | €1k | €15k | ▲ 1,147% |
| Stocks30/36 | - | €13k | €3k | €1k | €15k | ▲ 1,147% |
| Amounts receivable within one year40/41 | €161k | €190k | €445k | €185k | €108k | ▼ 41.3% |
| Trade receivables40 | €161k | €190k | €442k | €179k | €105k | ▼ 41.6% |
| Other amounts receivable41 | - | - | €4k | €6k | €4k | ▼ 32.2% |
| Cash at bank and in hand54/58 | €21k | €23k | €4k | €20k | €9k | ▼ 57.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €241k | €269k | €510k | €285k | €186k | ▼ 34.9% |
| Equity10/15 | €59k | €78k | €94k | €55k | €32k | ▼ 41.3% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | €6k | €6k | - | - | - | - |
| Issued capital100 | €19k | €19k | - | - | - | - |
| Uncalled capital101 | €12k | €12k | - | - | - | - |
| Reserves13 | €500 | €500 | €500 | €500 | €500 | = |
| Non-distributable reserves130/1 | €500 | €500 | €500 | - | - | - |
| Legal reserve130 | €500 | €500 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €500 | - | - | - |
| Distributable reserves133 | - | - | - | €500 | €500 | = |
| Profit (loss) carried forward14 | €52k | €72k | €87k | €49k | €26k | ▼ 47.0% |
| Amounts payable17/49 | €182k | €191k | €416k | €229k | €153k | ▼ 33.3% |
| Amounts payable after more than one year17 | - | - | €10k | €10k | - | - |
| Financial debts170/4 | - | - | €10k | €10k | - | - |
| Amounts payable within one year42/48 | €119k | €191k | €406k | €220k | €153k | ▼ 30.4% |
| Current portion of amounts payable after more than one year42 | - | €6k | €11k | €4k | €4k | ▲ 13.2% |
| Financial debts43 | - | €25k | €62k | €62k | €62k | = |
| Credit institutions430/8 | - | €25k | €62k | €62k | €62k | = |
| Trade debts44 | €101k | €136k | €167k | €138k | €34k | ▼ 75.5% |
| Suppliers440/4 | €101k | €136k | €167k | €138k | €34k | ▼ 75.5% |
| Advances received on contracts in progress46 | - | - | €75k | - | - | - |
| Taxes, remuneration and social security45 | €17k | €7k | €3k | €8k | €20k | ▲ 166% |
| Taxes450/3 | €17k | €7k | €3k | €8k | €20k | ▲ 166% |
| Other amounts payable47/48 | €1k | €17k | €90k | €9k | €32k | ▲ 270% |
| Accrued charges and deferred income492/3 | €63k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €19k | €16k | €-39k | €-23k | ▲ 40.8% |
| + Depreciation and write-downs630 | €14k | €18k | €17k | €5k | €25k | ▲ 433% |
| Operating cash flow (approximation) | €30k | €38k | €33k | €-34k | €2k | ▲ 107% |
| Investment in fixed assets (approximation) | - | €-3k | €-32k | €-26k | €0 | ▲ 100.0% |
| Change in cash | - | €2k | €-19k | €17k | €-12k | ▼ 171% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
19-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 172 days late
2025
04-04
KBO administration
Address struck
2024
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
02-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
18-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 110 days late
2021
22-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 53 days late
2020
31-12
Financial
Highest result since 2019net €28k ▲196%
Net result €28k, the highest in the series.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
SignalFinancial 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, Zaventem · 1 establishment unit since 2019
Ground area
1.4 ha
Building footprint
4,047 m²
Volume, LiDAR
60,495 m³
2 parcels, Flanders · tallest building 45.7 m, ±14 floors. Linked by address, not a title deed.
215
companies at this address
See who is registered here
1 establishment unit
TAPETECH
since 20192.298.801.812
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0111/00M002 | Flanders | 8,965 m² | 1 · 1,730 m² | 45.7 m · 14 fl. |
| 23026A0132/00G006 | Flanders | 4,983 m² | 1 · 2,316 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 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 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,549 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
Founded04-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.