TE CATHEM
ActiveThe computed 12-month bankruptcy probability of TE CATHEM is 2.6% (moderate). The latest annual accounts of TE CATHEM were filed more than 90 days after the deadline. The 2022 annual accounts show equity of €15k and a net result of €10k. Its solvency ranks better than 32% of 1626 sector peers (fiscal year 2022). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: Filed more than 90 days late
Axes, FY 2022
Profitability66
Solvency29
Growth-
Track record79
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five 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 · 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 2022Solvency, return and age of the figures
Solvency
4%
Return on assets
2.6%
Age of the figures
45 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 14-03-2024, 227 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filingDeviation from the deadline
2022
227 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€15k
Total assets
€364k
Net result
€10k
Working capital
€-90k
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €364k
Fixed assets
€320k
Current assets
€45k
Equity and liabilities €364k
Equity
€15k
Debt
€350k
Debt finances 96.0% of the balance-sheet total.
Key figures and ratios
EBITDA
€49k
Cash flow
€38k
Solvency
4.0%
Current ratio
0.33
Quick ratio
0.29
Debt / equity
23.95
ROE
65.7%
ROA
2.6%
Interest coverage
5.30
Debt
€350k
Debt ≤ 1 year
€134k
Debt > 1 year
€215k
Income taxes
€2k
Staff costs
€8k
Filed annual accounts
As filed with the NBB · 2022
Balance sheet
Code2022
Assets
Total assets20/58€364k
Fixed assets21/28€320k
Tangible fixed assets22/27€320k
Land and buildings22€254k
Plant, machinery and equipment23€66k
Current assets29/58€45k
Stocks and contracts in progress3€5k
Stocks30/36€5k
Amounts receivable within one year40/41€10k
Trade receivables40€10k
Cash at bank and in hand54/58€22k
Deferred charges and accrued income490/1€8k
Equity and liabilities
Total equity and liabilities10/49€364k
Equity10/15€15k
Contributions10/11€5k
Reserves13€10k
Distributable reserves133€10k
Amounts payable17/49€350k
Amounts payable after more than one year17€215k
Financial debts170/4€215k
Amounts payable within one year42/48€134k
Current portion of amounts payable after more than one year42€10k
Trade debts44€14k
Suppliers440/4€14k
Taxes, remuneration and social security45€5k
Taxes450/3€2k
Remuneration and social security454/9€3k
Other amounts payable47/48€105k
Income statement
Code2022
Remuneration, social security and pensions62€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k
Other operating charges640/8€3k
Gross operating margin9900€60k
Operating profit (loss)9901€21k
Financial income75/76B€95
Recurring financial income75€95
Financial charges65/66B€9k
Recurring financial charges65€9k
Profit (loss) for the period before taxes9903€12k
Income taxes67/77€2k
Profit (loss) for the period9904€10k
Profit (loss) for the period to be appropriated9905€10k
Appropriation of the result
Profit (loss) to be appropriated9906€10k
Transfer to equity691/2€10k
To other reserves6921€10k
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
2024
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 227 days late
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Wervik · 1 establishment unit since 2021
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.
Menensesteenweg 2878940 WervikGround area
4,200 m²
Building footprint
931 m²
Volume, LiDAR
3,028 m³
Parcel 33029B0914/00B000, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
HOTEL HET ELSLAND
since 20212.317.185.587
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029B0914/00B000 | Flanders | 4,200 m² | 1 · 930 m² | 8.3 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 8,124 EUR awarded · 8,124 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | -290 EUR | 8,124 EUR |
| 2023 | 1 | 8,414 EUR | 0 EUR |
Schemes
Logiessubsidie: steun voor erkend toeristisch logies
Recognitions · licences · registrations
Food safety, FASFC
1 siteWervik2.317.185.587
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BE 0666.461.858
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Of 2,395 companies in sector 55100 we hold annual accounts for 1,516. 598 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2021
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.