TE.DE.ROUTE
Dissolution or liquidationThe KBO register records for TE.DE.ROUTE the legal situation: dissolution or liquidation (code 012); this is today's state according to the register itself, which carries no start date. The 2025 annual accounts show equity of €853k and a net result of €-1.56M.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
1819202122232425
2018 to 2025 · latest year €-1.56M
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 27451 sector peers (2025).
NBB · sector comparisonPosition among 27451 sector peers
Solvency
better than 25%
← weakest
strongest →
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 23-06-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
14 d early
2023
on the day
2022
2 d early
2021
2 d early
2020
on the day
2019
on the day
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1.56M▼ 46.3%
2024 · €-1.07M
2018: €111k
2019: €375k
2020: €172k
2021: €354k
2022: €300k
2023: €111k
2024: €-1.07M
2018 → 2025
Working capital
€1.15M▼ 56.3%
2024 · €2.62M
2018: €1.59M
2019: €1.91M
2020: €1.86M
2021: €1.49M
2022: €1.33M
2023: €3.62M
2024: €2.62M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€3.19M-€3.47M▲ 8.7%€3.48M▲ 0.3%€2.41M▼ 30.6%€853k▼ 64.6%
Operating result€131k-€334k▲ 156%€195k▼ 41.7%€-1.01M€-1.39M▼ 37.5%
Net result€354k-€300k▼ 15.3%€111k▼ 63.0%€-1.07M€-1.56M▼ 46.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.39M in 2025 against €1.01M 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 €3.67M
Fixed assets
€58k▼ 76.2%
Current assets
€3.61M▼ 13.7%
Equity and liabilities €3.67M
Equity
€853k▼ 64.6%
Provisions
€352k
Debt
€2.46M▲ 22.4%
The debt ratio rises from 45.5% to 67.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1.32M▼
2024 · €-859k
Cash flow
€-1.49M▼
2024 · €-912k
Solvency
23.3%▼
2024 · 54.5%
Current ratio
1.47▼
2024 · 2.68
Quick ratio
1.44▼
2024 · 2.63
Debt / equity
2.89▲
2024 · 0.83
ROE
-182.7%▼
2024 · -44.2%
ROA
-42.5%▼
2024 · -24.1%
Interest coverage
-9.42▲
2024 · -18.46
Debt
€2.46M▲
2024 · €2.01M
Debt ≤ 1 year
€2.46M▲
2024 · €1.56M
Staff costs
€599k▲
2024 · €579k
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€4.43M€3.67M▼
Fixed assets21/28€243k€58k▼
Intangible fixed assets21€3k-
Tangible fixed assets22/27€240k€58k▼
Land and buildings22€25k€25k=
Plant, machinery and equipment23€62k€20k▼
Furniture and vehicles24€153k€12k▼
Financial fixed assets28€207€72▼
Current assets29/58€4.18M€3.61M▼
Amounts receivable after more than one year29€2.44M€1.94M▼
Trade receivables290€2.44M-
Other amounts receivable291-€1.94M
Stocks and contracts in progress3€80k€59k▼
Stocks30/36€61k€59k▼
Contracts in progress37€19k-
Amounts receivable within one year40/41€1.54M€1.51M▼
Trade receivables40€714k€595k▼
Other amounts receivable41€831k€916k▲
Cash at bank and in hand54/58€115k€91k▼
Deferred charges and accrued income490/1€2k€8k▲
Equity and liabilities
Total equity and liabilities10/49€4.43M€3.67M▼
Equity10/15€2.41M€853k▼
Contributions10/11€278k€278k=
Capital10€278k€278k=
Issued capital100€278k€278k=
Reserves13€2.85M€2.79M▼
Non-distributable reserves130/1€2.14M€2.14M=
Legal reserve130€28k€28k=
Own shares acquired1312€2.11M-
Financial assistance1313-€2.11M
Tax-exempt reserves132€707k€654k▼
Profit (loss) carried forward14€-711k€-2.22M▼
Provisions and deferred taxes16-€352k
Provisions for liabilities and charges160/5-€352k
Major repairs and maintenance162-€111k
Other liabilities and charges164/5-€241k
Amounts payable17/49€2.01M€2.46M▲
Amounts payable after more than one year17€454k-
Financial debts170/4€454k-
Amounts payable within one year42/48€1.56M€2.46M▲
Current portion of amounts payable after more than one year42€40k€592k▲
Financial debts43€550k€701k▲
Credit institutions430/8€550k€701k▲
Trade debts44€782k€980k▲
Suppliers440/4€782k€980k▲
Taxes, remuneration and social security45€10k€13k▲
Taxes450/3€322€322=
Remuneration and social security454/9€10k€13k▲
Other amounts payable47/48€177k€178k▲
Income statement
Code20242025
Non-recurring operating income76A€2k€14k▲
Remuneration, social security and pensions62€579k€599k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€154k€67k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18k€208k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-19k€213k▲
Other operating charges640/8€40k€11k▼
Non-recurring operating charges66A-€6k
Gross operating margin9900€-241k€-288k▼
Operating profit (loss)9901€-1.01M€-1.39M▼
Financial income75/76B€10k€14k▲
Recurring financial income75€3k€197▼
Non-recurring financial income76B€7k€14k▲
Financial charges65/66B€64k€181k▲
Recurring financial charges65€47k€141k▲
Non-recurring financial charges66B€17k€40k▲
Profit (loss) for the period before taxes9903€-1.07M€-1.56M▼
Income taxes67/77€322-
Profit (loss) for the period9904€-1.07M€-1.56M▼
Transfer from tax-exempt reserves789€355k€53k▼
Profit (loss) for the period to be appropriated9905€-711k€-1.51M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-711k€-2.22M▼
Profit (loss) brought forward from the previous period14P-€-711k
The notes to these accounts (18 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
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-1.56M
Net result drops to €-1.56M, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Liquidity doublescurrent ratio 8.64
Current ratio from 4.20 to 8.64; short-term debt falls from €465k to €174k.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Highest result since 2018net €375k ▲238%
Net result €375k, the highest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
11 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, Liège · 1 establishment unit since 2002
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.
Rue du Haut-Pré 104000 LiègeGround area
3,832 m²
Building footprint
723 m²
Volume, LiDAR
3,937 m³
2 parcels, Wallonia · tallest building 15.5 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
TE.DE.ROUTE
since 20022.099.038.725
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001A0101/00L002 | Wallonia | 3,707 m² | 1 · 652 m² | 10.3 m · 1 fl. |
| 62815C0679/00T002 | Wallonia | 125 m² | 1 · 71 m² | 15.5 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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesTE.DE.ROUTE SA30934
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Of 2,329 companies in sector 42110 we hold annual accounts for 1,097. 722 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-03-2002
Fiscal year end31-12
Activities, NACEBEL
42110Construction of roads and motorways
43120Site preparation
45112
45230
01410Raising of dairy cattle
43990Other specialised construction activities
43999Specialised construction activities
45250
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.