Foreign entity · founded 2001 · active for 25 yearsAvenida Joana Peres 383, 32664.330 Betim, BrazilKBO/BCE: BE 0474.134.218
Summary
TEAK THAT ENTERPRISES has the legal form “Foreign entity” in the KBO; Checked does not compute a bankruptcy probability for it. The 2010 annual accounts show equity of €25,189 and a net result of €1,965. Equity is growing by about 4.5% per year across the filed financial years. The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.
2010 figures too old to scoreBankruptcy probability: legal form outside the model
Structure
2011 accounts not filed, 5201 days past the deadline3 deeds in the Belgian Official Gazette
Signalsraises risk2010 accounts filed 61 days lateneutralNo filing for yearsShow the evidence
Checked score
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2010 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2010 · tick = 2009
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Weak
Solvency52+16
equity 27.4% of total assets
Liquidity22+19
short-term debt 72.6%
Profitability43+2
return on assets 2.1%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
The KBO gives the legal form as “Foreign entity”. We show no bankruptcy probability for it: the model is built on companies and gives no reliable figure for this form.
31-12-2011 year end31-07-2012 deadline27-10-2026 today
raises risk · 2010 accounts filed 61 days late
The financial year that closed on 31-12-2010 was due by 31-07-2011 and was filed on 30-09-2011, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.