TEACODER
ActiveThe computed 12-month bankruptcy probability of TEACODER is 2.2% (moderate). The 2025 annual accounts show equity of €201k and a net result of €96k. Equity is growing by ~59% per year across the filed fiscal years. Its solvency ranks better than 40% of 16906 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
94
/ 100
Excellent▲ +13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency94▲+46
Growth78=
Stability100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.21 against 1.3 in 2024), but 51.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
48.5%
Return on assets
23.2%
Age of the figures
8 mo
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 01-06-2026, 60 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
60 d early
2024
60 d late
2023
40 d early
2022
38 d early
2021
24 d late
2020
11 d late
2019
46 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€201k▲ 91.5%
2024 · €105k
2019: €10k
2020: €21k
2021: €38k
2022: €69k
2023: €78k
2024: €105k
2019 → 2025
Total assets
€414k▲ 6.6%
2024 · €388k
2019: €35k
2020: €49k
2021: €188k
2022: €218k
2023: €343k
2024: €388k
2019 → 2025
Net result
€96k▲ 259%
2024 · €27k
2019: €4k
2020: €11k
2021: €4k
2022: €31k
2023: €9k
2024: €27k
2019 → 2025
Working capital
€122k▲ 299%
2024 · €30k
2019: €1k
2020: €10k
2021: €-2k
2022: €27k
2023: €53k
2024: €30k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€38k-€69k▲ 81.0%€78k▲ 13.8%€105k▲ 34.3%€201k▲ 91.5%
Operating result€7k-€47k▲ 554%€19k▼ 60.8%€49k▲ 162%€137k▲ 182%
Net result€4k-€31k▲ 610%€9k▼ 69.2%€27k▲ 183%€96k▲ 259%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 182% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €414k
Fixed assets
€237k▼ 7.8%
Current assets
€177k▲ 34.7%
Equity and liabilities €414k
Equity
€201k▲ 91.5%
Debt
€213k▼ 24.8%
The debt ratio falls from 73.0% to 51.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€159k▲
2024 · €69k
Cash flow
€117k▲
2024 · €47k
Solvency
48.5%▲
2024 · 27.0%
Current ratio
3.21▲
2024 · 1.30
Quick ratio
2.07▲
2024 · 0.80
Debt / equity
1.06▼
2024 · 2.70
ROE
47.8%▲
2024 · 25.5%
ROA
23.2%▲
2024 · 6.9%
Interest coverage
16.23▲
2024 · 6.10
Debt
€213k▼
2024 · €283k
Debt ≤ 1 year
€55k▼
2024 · €101k
Debt > 1 year
€158k▼
2024 · €183k
Income taxes
€32k▲
2024 · €11k
Staff costs
€56▲
2024 · €27
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€388k€414k▲
Fixed assets21/28€257k€237k▼
Tangible fixed assets22/27€257k€237k▼
Land and buildings22€196k€189k▼
Plant, machinery and equipment23€15k€13k▼
Furniture and vehicles24€17k€13k▼
Leasing and similar rights25€29k€22k▼
Current assets29/58€131k€177k▲
Stocks and contracts in progress3€50k€63k▲
Stocks30/36€50k€63k▲
Amounts receivable within one year40/41€53k€21k▼
Trade receivables40€52k€21k▼
Other amounts receivable41€429-
Cash at bank and in hand54/58€27k€92k▲
Deferred charges and accrued income490/1€880€2k▲
Equity and liabilities
Total equity and liabilities10/49€388k€414k▲
Equity10/15€105k€201k▲
Contributions10/11€19k€19k=
Reserves13€86k€182k▲
Tax-exempt reserves132€2k€2k=
Distributable reserves133€84k€180k▲
Profit (loss) carried forward14€315€315=
Amounts payable17/49€283k€213k▼
Amounts payable after more than one year17€183k€158k▼
Financial debts170/4€183k€158k▼
Amounts payable within one year42/48€101k€55k▼
Current portion of amounts payable after more than one year42€30k€25k▼
Financial debts43€760€759▼
Credit institutions430/8€760€759▼
Trade debts44€14k€3k▼
Suppliers440/4€14k€3k▼
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€33k€25k▼
Taxes450/3€33k€25k▼
Other amounts payable47/48€19k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€27€56▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€22k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€70k€161k▲
Operating profit (loss)9901€49k€137k▲
Financial income75/76B€213€387▲
Recurring financial income75€213€387▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€38k€128k▲
Income taxes67/77€11k€32k▲
Profit (loss) for the period9904€27k€96k▲
Profit (loss) for the period to be appropriated9905€27k€96k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€96k▲
Profit (loss) brought forward from the previous period14P€315€315=
Transfer to equity691/2€27k€96k▲
To other reserves6921€27k€96k▲
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
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €96k ▲259%
Operating result €137k, net result €96k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.21
Current ratio from 1.30 to 3.21; short-term debt falls from €101k to €55k.
31-12
Financial
Equity above €200kEq €201k ▲91.5%
7 profitable years in a row build equity to €201k.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Equity above €100kEq €105k ▲34.3%
6 profitable years in a row build equity to €105k.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
11-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
Kay DE GREEF
CurrentDirector · since 01-01-2023
01-01-2023
Appointed as Director
Location & real-estate footprint
Registered office, Aalst · 3 establishment units since 2019
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.
Sleedoorn 129300 AalstGround area
534 m²
Building footprint
366 m²
Volume, LiDAR
2,703 m³
3 parcels, Flanders · tallest building 20.2 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
Teacoder
since 20192.284.050.783
Keppestraat 13, 9320 Aalst
since 20242.355.945.797
Kortrijksepoortstraat 160, 9000 Gent
since 20262.390.987.444
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304G0176/00M000 | Flanders | 226 m² | 1 · 70 m² | 0.0 m |
| 41342B0503/00D002 | Flanders | 169 m² | 1 · 157 m² | 10.7 m · 3 fl. |
| 44805E1001/00C000 | Flanders | 139 m² | 1 · 139 m² | 20.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels 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
TOYS TRADE
BE 0838.016.355
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Patrick Detaille
BE 0841.916.052
Fleurus · Eq €202k
Eurojouets - Wavre
BE 0447.481.685
Wavre · Eq €199k
GM Webstore
BE 0651.739.337
Antwerpen · Eq €198k
DEDALE.BE
BE 0536.658.834
Sint-Lambrechts-Woluwe · Eq €203k
Of 2,092 companies in sector 47640 we hold annual accounts for 901. 709 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-01-2019
Fiscal year end31-12
Activities, NACEBEL
47640Retail sale of games and toys
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.