TE-PA
ActiveSummary
TE-PA has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €183,927 and a net result of -€6,711. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 36378 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability64▼-8
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days only on tighter terms
short-term debt: 0.2% and cash: 24% of total assets, and 0.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 2024Solvency, return and age of the figures
Solvency
99.8%
Return on assets
-3.6%
Age of the figures
21 mo
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-11-2025, 116 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
116 d late
2023
61 d late
2022
31 d late
2021
31 d late
2020
89 d late
2019
129 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 76 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€183,927▼ 3.5%
2023 · €190,637
Total assets
€184,333▼ 15.3%
2023 · €217,715
Net result
-€6,711
2023 · €5,473
Working capital
€146,644▲ 4.4%
2023 · €140,485
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€51,032▼ 23.5%€31,336▼ 38.6%€39,968▲ 27.5%€5,944▼ 85.1%-€6,670
Net result€36,819above the sector's middle half▼ 32.1%€21,676within the sector's middle half▼ 41.1%€28,943above the sector's middle half▲ 33.5%€5,473within the sector's middle half▼ 81.1%-€6,711below the sector's middle half
Equity€146,946above the sector's middle half▲ 33.4%€168,622above the sector's middle half▲ 14.8%€185,165above the sector's middle half▲ 9.8%€190,637above the sector's middle half▲ 3.0%€183,927above the sector's middle half▼ 3.5%
Total assets€173,019within the sector's middle half▲ 26.4%€219,413within the sector's middle half▲ 26.8%€224,803within the sector's middle half▲ 2.5%€217,715within the sector's middle half▼ 3.2%€184,333within the sector's middle half▼ 15.3%
Debt€26,073▼ 2.5%€50,791▲ 94.8%€39,639▼ 22.0%€27,078▼ 31.7%€406▼ 98.5%
Working capital€123,657above the sector's middle half▲ 54.4%€144,722above the sector's middle half▲ 17.0%€172,121above the sector's middle half▲ 18.9%€140,485above the sector's middle half▼ 18.4%€146,644above the sector's middle half▲ 4.4%
Solvency84.9%above the sector's middle half▲ 4.5pp76.9%above the sector's middle half▼ 8.1pp82.4%above the sector's middle half▲ 5.5pp87.6%above the sector's middle half▲ 5.2pp99.8%above the sector's middle half▲ 12.2pp
Current ratio5.74above the sector's middle half▲ 1.753.85above the sector's middle half▼ 1.895.34above the sector's middle half▲ 1.496.19above the sector's middle half▲ 0.85
Return on assets (ROA)21.3%above the sector's middle half▼ 18.3pp9.9%within the sector's middle half▼ 11.4pp12.9%within the sector's middle half▲ 3.0pp2.5%within the sector's middle half▼ 10.4pp-3.6%below the sector's middle half▼ 6.2pp
Staff (FTE)0.81▲ 25.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,670 after €5,944 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €184,333
Fixed assets
€37,283 ▼ 25.7%
Current assets
€147,050 ▼ 12.2%
Equity and liabilities €184,333
Equity
€183,927 ▼ 3.5%
Debt
€406 ▼ 98.5%
Debt's share of the balance-sheet total falls from 12.4% to 0.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€6,200▼
2023 · €17,100
Cash flow
€6,159▼
2023 · €16,629
Debt to equity
0.00▼
2023 · 0.14
ROE
-3.6%▼
2023 · 2.9%
Interest coverage
40.45▼
2023 · 97.74
Debt ≤ 1 year
€406▼
2023 · €27,078
Income taxes
€313▼
2023 · €556
Staff costs
€28,393▼
2023 · €29,675
A ratio outside any meaningful range has been withheld (balance sheet total €184,333, equity €183,927).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,441 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.3%
went bankrupt
7.5%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,441 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €29,675 | €28,393 | ▼ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,796 | €9,927 | €10,856 | €11,156 | €12,870 | ▲ 15.4% |
| Other operating charges640/8 | - | €826 | €266 | €1,191 | €657 | ▼ 44.9% |
| Gross operating margin9900 | €59,171 | €42,089 | €51,090 | €47,966 | €35,249 | ▼ 26.5% |
| Operating profit (loss)9901 | €51,032 | €31,336 | €39,968 | €5,944 | -€6,670 | ▼ 212% |
| Financial income75/76B | - | €1,140 | €0 | €259 | €425 | ▲ 64.1% |
| Recurring financial income75 | €57 | €1,140 | €0 | €259 | €425 | ▲ 64.1% |
| Financial charges65/66B | - | €1,013 | €158 | €175 | €153 | ▼ 12.4% |
| Recurring financial charges65 | €150 | €1,013 | €158 | €175 | €153 | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | €50,940 | €31,463 | €39,810 | €6,028 | -€6,398 | ▼ 206% |
| Income taxes67/77 | €14,121 | €9,788 | €10,867 | €556 | €313 | ▼ 43.7% |
| Profit (loss) for the period9904 | €36,819 | €21,676 | €28,943 | €5,473 | -€6,711 | ▼ 223% |
| Profit (loss) for the period to be appropriated9905 | €36,819 | €21,676 | €28,943 | €5,473 | -€6,711 | ▼ 223% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €173,019 | €219,413 | €224,803 | €217,715 | €184,333 | ▼ 15.3% |
| Fixed assets21/28 | €23,289 | €23,900 | €13,044 | €50,153 | €37,283 | ▼ 25.7% |
| Tangible fixed assets22/27 | €23,289 | €23,900 | €13,044 | €50,153 | €37,283 | ▼ 25.7% |
| Plant, machinery and equipment23 | - | €8,149 | €4,802 | €1,455 | €443 | ▼ 69.6% |
| Furniture and vehicles24 | - | €15,751 | €8,242 | €48,697 | €36,840 | ▼ 24.3% |
| Current assets29/58 | €149,730 | €195,513 | €211,760 | €167,563 | €147,050 | ▼ 12.2% |
| Amounts receivable after more than one year29 | - | - | €39,399 | €32,185 | €30,983 | ▼ 3.7% |
| Other amounts receivable291 | - | - | €39,399 | €32,185 | €30,983 | ▼ 3.7% |
| Amounts receivable within one year40/41 | €40,832 | €62,539 | €64,208 | €64,387 | €55,728 | ▼ 13.4% |
| Trade receivables40 | - | €52,275 | €58,518 | €37,110 | €38,361 | ▲ 3.4% |
| Other amounts receivable41 | - | €10,263 | €5,690 | €27,277 | €17,367 | ▼ 36.3% |
| Cash at bank and in hand54/58 | €108,898 | €132,974 | €107,575 | €56,005 | €44,258 | ▼ 21.0% |
| Deferred charges and accrued income490/1 | - | - | €578 | €14,985 | €16,081 | ▲ 7.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €173,019 | €219,413 | €224,803 | €217,715 | €184,333 | ▼ 15.3% |
| Equity10/15 | €146,946 | €168,622 | €185,165 | €190,637 | €183,927 | ▼ 3.5% |
| Contributions10/11 | - | €12,400 | - | - | - | - |
| Reserves13 | €134,546 | €156,222 | €185,165 | €185,165 | €185,165 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €154,362 | €183,305 | €183,305 | €183,305 | = |
| Profit (loss) carried forward14 | €41,644 | - | - | €5,473 | -€1,238 | ▼ 123% |
| Amounts payable17/49 | €26,073 | €50,791 | €39,639 | €27,078 | €406 | ▼ 98.5% |
| Amounts payable within one year42/48 | €26,073 | €50,791 | €39,639 | €27,078 | €406 | ▼ 98.5% |
| Trade debts44 | €22,587 | €48,553 | €34,102 | €18,512 | €406 | ▼ 97.8% |
| Suppliers440/4 | - | €48,553 | €34,102 | €18,512 | €406 | ▼ 97.8% |
| Taxes, remuneration and social security45 | - | - | €596 | €8,566 | - | - |
| Taxes450/3 | - | - | €596 | €1,300 | - | - |
| Remuneration and social security454/9 | - | - | - | €7,266 | - | - |
| Other amounts payable47/48 | - | €2,238 | €4,941 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,819 | €21,676 | €28,943 | €5,473 | -€6,711 | ▼ 223% |
| + Depreciation and write-downs630 | €7,796 | €9,927 | €10,856 | €11,156 | €12,870 | ▲ 15.4% |
| Operating cash flow (approximation) | €44,616 | €31,603 | €39,799 | €16,629 | €6,159 | ▼ 63.0% |
| Investment in fixed assets (approximation) | - | -€10,537 | €0 | -€48,265 | €0 | ▲ 100% |
| Change in cash | - | €24,076 | -€25,399 | -€51,570 | -€11,748 | ▲ 77.2% |
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
2025
24-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 116 days late
2024
31-12
Financial
Weakest financial yearnet -€6,711
Net result drops to -€6,711, the lowest in the series.
31-12
Financial
Liquidity times 58current ratio 361.79
Current ratio from 6.19 to 361.79; short-term debt falls from €27,078 to €406.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €150,000Eq €168,622 ▲14.8%
4 profitable years in a row build equity to €168,622.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
2019
31-12
Financial
Highest result since 2018net €54,222 ▲24.6%
Operating result €66,749, net result €54,222, both a record.
31-12
Financial
Equity above €100,000Eq €110,126 ▲97%
2 profitable years in a row build equity to €110,126.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Tielt-Winge · 1 establishment unit since 2018
Ground area
2,208 m²
Building footprint
193 m²
Volume, LiDAR
936 m³
Parcel 24067A0110/00F000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Neckerspoelstraat 14, 3391 Tielt-Winge
since 20182.273.146.302
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24067A0110/00F000 | Flanders | 2,208 m² | 1 · 193 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,429. 5,938 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
Founded05-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
43110Demolition
43221Plumbing work
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0689779569
Also
9925:BE0689779569
Registered
01-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.