TEAKSTORE.BE
ActiveSummary
TEAKSTORE.BE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €359,382 and a net result of €24,612. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 10522 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▲+3
Solvency39=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.38 in 2024; short-term debt: 42% and cash: 1.4% of total assets), and 85.8% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
14.2%
Return on assets
1%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 10522 sector peers (2025).
NBB · sector comparisonPosition among 10522 sector peers
Solvency
better than 24%
← 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 02-03-2026, 151 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
151 d early
2024
25 d late
2023
30 d late
2022
17 d late
2021
16 d early
2020
2 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 17 August (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€359,382▲ 7.4%
2024 · €334,770
Total assets
€2.5m▲ 5.2%
2024 · €2.4m
Net result
€24,612▲ 333%
2024 · €5,681
Working capital
€377,006▲ 7.0%
2024 · €352,400
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line20212022202320242025
Operating result€77,576▼ 20.1%€31,092▼ 59.9%€64,994▲ 109%€47,274▼ 27.3%€83,848▲ 77.4%
Net result€46,980within the sector's middle half▼ 22.4%€1,000below the sector's middle half▼ 97.9%€17,496within the sector's middle half▲ 1,650%€5,681within the sector's middle half▼ 67.5%€24,612within the sector's middle half▲ 333%
Equity€310,593within the sector's middle half▲ 17.8%€311,593within the sector's middle half▲ 0.3%€329,089within the sector's middle half▲ 5.6%€334,770within the sector's middle half▲ 1.7%€359,382within the sector's middle half▲ 7.4%
Total assets€1.5mwithin the sector's middle half▲ 22.9%€2.7mabove the sector's middle half▲ 78.9%€2.5mabove the sector's middle half▼ 9.2%€2.4mabove the sector's middle half▼ 2.0%€2.5mabove the sector's middle half▲ 5.2%
Debt€1.2m▲ 24.3%€2.4m▲ 99.2%€2.1m▼ 11.2%€2.1m▼ 2.5%€2.2m▲ 4.9%
Working capital€551,312above the sector's middle half▼ 14.3%€351,994within the sector's middle half▼ 36.2%€362,646within the sector's middle half▲ 3.0%€352,400within the sector's middle half▼ 2.8%€377,006within the sector's middle half▲ 7.0%
Solvency20.5%within the sector's middle half▼ 0.9pp11.5%below the sector's middle half▼ 9.0pp13.4%below the sector's middle half▲ 1.9pp13.9%below the sector's middle half▲ 0.5pp14.2%below the sector's middle half▲ 0.3pp
Current ratio1.63within the sector's middle half▼ 0.531.30within the sector's middle half▼ 0.331.38within the sector's middle half▲ 0.081.38within the sector's middle half=1.35within the sector's middle half▼ 0.02
Return on assets (ROA)3.1%within the sector's middle half▼ 1.8pp0.0%below the sector's middle half▼ 3.1pp0.7%within the sector's middle half▲ 0.7pp0.2%below the sector's middle half▼ 0.5pp1.0%within the sector's middle half▲ 0.7pp
Staff (FTE)3.9within the sector's middle half▲ 5.4%5within the sector's middle half▲ 28.2%5.3within the sector's middle half▲ 6.0%5.2within the sector's middle half▼ 1.9%5.5within the sector's middle half▲ 5.8%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 77% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.5m
Fixed assets
€1.1m ▼ 2.9%
Current assets
€1.4m ▲ 12.4%
Equity and liabilities €2.5m
Equity
€359,382 ▲ 7.4%
Debt
€2.2m ▲ 4.9%
Debt's share of the balance-sheet total falls from 86.1% to 85.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€130,066▲
2024 · €107,997
Cash flow
€70,830▲
2024 · €66,404
Quick ratio
0.32▲
2024 · 0.30
Debt to equity
6.05▼
2024 · 6.19
ROE
6.8%▲
2024 · 1.7%
Interest coverage
2.96▲
2024 · 2.71
Debt ≤ 1 year
€1.1m▲
2024 · €928,962
Debt > 1 year
€1.1m▼
2024 · €1.1m
Income taxes
€15,369▲
2024 · €2,115
Staff costs
€231,638▲
2024 · €205,561
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,984 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.3%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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% | 1.9% |
| 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 3,984 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | €15,871 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €180,046 | €221,835 | €221,793 | €205,561 | €231,638 | ▲ 12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,640 | €67,153 | €49,249 | €60,723 | €46,218 | ▼ 23.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €434 | - | - | - | - | - |
| Other operating charges640/8 | €984 | €6,532 | €9,918 | €10,186 | €10,422 | ▲ 2.3% |
| Non-recurring operating charges66A | - | - | - | €1,528 | €2,956 | ▲ 93.5% |
| Gross operating margin9900 | €279,681 | €326,612 | €345,954 | €325,271 | €375,082 | ▲ 15.3% |
| Operating profit (loss)9901 | €77,576 | €31,092 | €64,994 | €47,274 | €83,848 | ▲ 77.4% |
| Financial income75/76B | €0 | €82 | €187 | €367 | €60 | ▼ 83.6% |
| Recurring financial income75 | €0 | €82 | €187 | €367 | €60 | ▼ 83.6% |
| Financial charges65/66B | €16,742 | €29,336 | €40,356 | €39,845 | €43,927 | ▲ 10.2% |
| Recurring financial charges65 | €16,742 | €29,336 | €40,356 | €39,845 | €43,927 | ▲ 10.2% |
| Profit (loss) for the period before taxes9903 | €60,834 | €1,838 | €24,826 | €7,796 | €39,981 | ▲ 413% |
| Income taxes67/77 | €13,854 | €838 | €7,330 | €2,115 | €15,369 | ▲ 627% |
| Profit (loss) for the period9904 | €46,980 | €1,000 | €17,496 | €5,681 | €24,612 | ▲ 333% |
| Profit (loss) for the period to be appropriated9905 | €46,980 | €1,000 | €17,496 | €5,681 | €24,612 | ▲ 333% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €2.7m | €2.5m | €2.4m | €2.5m | ▲ 5.2% |
| Fixed assets21/28 | €88,468 | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 2.9% |
| Intangible fixed assets21 | - | - | €5,749 | €27,031 | €20,790 | ▼ 23.1% |
| Tangible fixed assets22/27 | €83,522 | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 2.4% |
| Land and buildings22 | - | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 2.4% |
| Plant, machinery and equipment23 | €13,368 | €10,718 | €8,150 | €5,233 | €7,414 | ▲ 41.7% |
| Furniture and vehicles24 | €35,099 | €33,387 | €21,184 | €11,161 | €13,036 | ▲ 16.8% |
| Leasing and similar rights25 | €8,810 | €0 | - | - | - | - |
| Other tangible fixed assets26 | €26,245 | €22,355 | €18,765 | €22,608 | €17,288 | ▼ 23.5% |
| Financial fixed assets28 | €4,946 | €2,321 | €2,321 | €2,321 | €2,321 | = |
| Current assets29/58 | €1.4m | €1.5m | €1.3m | €1.3m | €1.4m | ▲ 12.4% |
| Stocks and contracts in progress3 | €890,114 | €1.1m | €944,907 | €999,761 | €1.1m | ▲ 10.2% |
| Stocks30/36 | €890,114 | €1.1m | €944,907 | €999,761 | €1.1m | ▲ 10.2% |
| Amounts receivable within one year40/41 | €183,709 | €306,142 | €242,848 | €239,283 | €298,417 | ▲ 24.7% |
| Trade receivables40 | €152,721 | €272,655 | €228,296 | €223,370 | €280,629 | ▲ 25.6% |
| Other amounts receivable41 | €30,988 | €33,488 | €14,553 | €15,913 | €17,788 | ▲ 11.8% |
| Cash at bank and in hand54/58 | €349,722 | €70,531 | €114,642 | €35,464 | €34,256 | ▼ 3.4% |
| Deferred charges and accrued income490/1 | - | €2,674 | €8,748 | €6,854 | €5,237 | ▼ 23.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €2.7m | €2.5m | €2.4m | €2.5m | ▲ 5.2% |
| Equity10/15 | €310,593 | €311,593 | €329,089 | €334,770 | €359,382 | ▲ 7.4% |
| Contributions10/11 | €145,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Capital10 | €145,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Issued capital100 | €145,000 | €145,000 | €145,000 | €145,000 | €145,000 | = |
| Reserves13 | €165,593 | €166,593 | €184,089 | €189,770 | €214,382 | ▲ 13.0% |
| Non-distributable reserves130/1 | €14,500 | €14,500 | €14,500 | €14,500 | €14,500 | = |
| Legal reserve130 | €14,500 | €14,500 | €14,500 | €14,500 | €14,500 | = |
| Distributable reserves133 | €151,093 | €152,093 | €169,589 | €175,270 | €199,882 | ▲ 14.0% |
| Amounts payable17/49 | €1.2m | €2.4m | €2.1m | €2.1m | €2.2m | ▲ 4.9% |
| Amounts payable after more than one year17 | €328,529 | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 2.2% |
| Financial debts170/4 | €328,529 | €1.2m | €1.2m | €1.1m | €1.1m | ▼ 2.2% |
| Amounts payable within one year42/48 | €872,233 | €1.2m | €948,499 | €928,962 | €1.1m | ▲ 14.4% |
| Current portion of amounts payable after more than one year42 | €311,426 | €296,609 | €300,634 | €379,263 | €431,041 | ▲ 13.7% |
| Financial debts43 | - | €62,461 | €16,107 | €12,242 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €62,461 | €16,107 | €12,242 | €0 | ▼ 100% |
| Trade debts44 | €65,162 | €44,756 | €74,705 | €115,640 | €80,769 | ▼ 30.2% |
| Suppliers440/4 | €65,162 | €44,756 | €74,705 | €115,640 | €80,769 | ▼ 30.2% |
| Advances received on contracts in progress46 | €381,987 | €581,734 | €415,880 | €292,432 | €398,944 | ▲ 36.4% |
| Taxes, remuneration and social security45 | €113,658 | €181,133 | €141,174 | €129,384 | €152,080 | ▲ 17.5% |
| Taxes450/3 | €79,793 | €143,798 | €103,641 | €92,615 | €104,609 | ▲ 13.0% |
| Remuneration and social security454/9 | €33,865 | €37,335 | €37,533 | €36,770 | €47,471 | ▲ 29.1% |
| Accrued charges and deferred income492/3 | €657 | €0 | €1,030 | €7,088 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,980 | €1,000 | €17,496 | €5,681 | €24,612 | ▲ 333% |
| + Depreciation and write-downs630 | €20,640 | €67,153 | €49,249 | €60,723 | €46,218 | ▼ 23.9% |
| Operating cash flow (approximation) | €67,620 | €68,152 | €66,745 | €66,404 | €70,830 | ▲ 6.7% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€7,204 | -€42,163 | -€13,683 | ▲ 67.5% |
| Change in cash | - | -€279,191 | €44,111 | -€79,177 | -€1,208 | ▲ 98.5% |
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
Next filing, fiscal year 2026, expected by
2026
02-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 17 days late
2022
31-12
Financial
Weakest financial yearnet €1,000 ▼97.9%
Net result drops to €1,000, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €60,565 ▲320%
Operating result €97,047, net result €60,565, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €203,048 ▲6.9%
2 profitable years in a row build equity to €203,048.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Zottegem · 3 establishment units since 2011
Ground area
1.7 ha
Building footprint
7,420 m²
Volume, LiDAR
41,622 m³
3 parcels, Flanders · tallest building 17.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Provinciebaan 180, 9620 Zottegem
since 20112.199.163.016
Teakstore.be
since 20162.249.204.524
Groenstraat 3, 9660 Brakel
since 20242.364.897.414
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808M0098/00W000 | Flanders | 7,335 m² | 1 · 2,044 m² | 17.3 m · 2 fl. |
| 41069C0334/00R000 | Flanders | 5,978 m² | 1 · 3,628 m² | 7.4 m · 1 fl. |
| 45024A0519/00H000 | Flanders | 3,735 m² | 1 · 1,749 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerOwners 1
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 2,605 companies in sector 47551 we hold annual accounts for 1,723. 1,273 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451893504
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.