TEAL2GROW
InactiveTEAL2GROW was declared bankrupt on 01-10-2024 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 10-03-2026, published in the Belgian State Gazette on 16-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 06-10-2023, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
67 d late
2021
220 d late
2020
83 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 100 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2022, micro schema
Equity
€64,183▲ 555%
2021 · €9,792
Total assets
€142,217▲ 160%
2021 · €54,669
Net result
€54,390▲ 553%
2021 · €8,329
Working capital
€27,485▲ 0.7%
2021 · €27,295
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result-€12,190--€2,539▲ 79.2%€8,329€73,188▲ 779%
Net result-€13,128--€3,959▲ 69.8%€8,329€54,390▲ 553%
Equity€5,422-€1,463▼ 73.0%€9,792▲ 569%€64,183▲ 555%
Total assets€47,278-€48,347▲ 2.3%€54,669▲ 13.1%€142,217▲ 160%
Debt€41,855-€46,884▲ 12.0%€44,877▼ 4.3%€78,035▲ 73.9%
Working capital€24,125-€22,566▼ 6.5%€27,295▲ 21.0%€27,485▲ 0.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2022 is 779% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €142,217
Fixed assets
€37,201 ▲ 61.7%
Current assets
€105,016 ▲ 232%
Equity and liabilities €142,217
Equity
€64,183 ▲ 555%
Debt
€78,035 ▲ 73.9%
Debt's share of the balance-sheet total falls from 82.1% to 54.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,978
Cash flow
€55,180
Current ratio
1.35▼
2021 · 7.24
Debt to equity
1.22▼
2021 · 4.58
ROE
84.7%▼
2021 · 85.1%
ROA
38.2%▲
2021 · 15.2%
Interest coverage
77.26
Debt ≤ 1 year
€77,531▲
2021 · €4,374
Income taxes
€17,840
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €789 | - |
| Other operating charges640/8 | - | - | €253 | €713 | ▲ 182% |
| Gross operating margin9900 | -€11,688 | -€2,019 | €8,582 | €74,690 | ▲ 770% |
| Operating profit (loss)9901 | -€12,190 | -€2,539 | €8,329 | €73,188 | ▲ 779% |
| Recurring financial income75 | €814 | €1,020 | - | - | - |
| Financial charges65/66B | - | - | - | €958 | - |
| Recurring financial charges65 | €1,752 | €2,439 | - | €958 | - |
| Profit (loss) for the period before taxes9903 | -€13,128 | -€3,959 | €8,329 | €72,231 | ▲ 767% |
| Income taxes67/77 | - | - | - | €17,840 | - |
| Profit (loss) for the period9904 | -€13,128 | -€3,959 | €8,329 | €54,390 | ▲ 553% |
| Profit (loss) for the period to be appropriated9905 | -€13,128 | -€3,959 | €8,329 | €54,390 | ▲ 553% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €47,278 | €48,347 | €54,669 | €142,217 | ▲ 160% |
| Fixed assets21/28 | €23,000 | €23,000 | €23,000 | €37,201 | ▲ 61.7% |
| Tangible fixed assets22/27 | - | - | - | €14,201 | - |
| Plant, machinery and equipment23 | - | - | - | €2,013 | - |
| Furniture and vehicles24 | - | - | - | €12,188 | - |
| Financial fixed assets28 | €23,000 | €23,000 | €23,000 | €23,000 | = |
| Current assets29/58 | €24,278 | €25,347 | €31,669 | €105,016 | ▲ 232% |
| Amounts receivable within one year40/41 | €23,556 | €21,485 | €29,929 | €101,785 | ▲ 240% |
| Trade receivables40 | - | - | - | €28,483 | - |
| Other amounts receivable41 | - | - | €29,929 | €73,302 | ▲ 145% |
| Cash at bank and in hand54/58 | €6 | €2,127 | €5 | €1,496 | ▲ 29,819% |
| Deferred charges and accrued income490/1 | - | - | €1,735 | €1,735 | = |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €47,278 | €48,347 | €54,669 | €142,217 | ▲ 160% |
| Equity10/15 | €5,422 | €1,463 | €9,792 | €64,183 | ▲ 555% |
| Contributions10/11 | €18,550 | - | €18,550 | €18,550 | = |
| Profit (loss) carried forward14 | -€13,128 | -€17,087 | -€8,758 | €45,633 | ▲ 621% |
| Amounts payable17/49 | €41,855 | €46,884 | €44,877 | €78,035 | ▲ 73.9% |
| Amounts payable after more than one year17 | €40,000 | €40,000 | €40,000 | - | - |
| Financial debts170/4 | - | - | €40,000 | - | - |
| Amounts payable within one year42/48 | €152 | €2,781 | €4,374 | €77,531 | ▲ 1,673% |
| Trade debts44 | €152 | €348 | €4,374 | €30,736 | ▲ 603% |
| Suppliers440/4 | - | - | €4,374 | €30,736 | ▲ 603% |
| Advances received on contracts in progress46 | - | - | - | €3,119 | - |
| Taxes, remuneration and social security45 | - | - | - | €43,677 | - |
| Taxes450/3 | - | - | - | €43,677 | - |
| Accrued charges and deferred income492/3 | - | - | €503 | €503 | = |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,128 | -€3,959 | €8,329 | €54,390 | ▲ 553% |
| + Depreciation and write-downs630 | - | - | - | €789 | - |
| Operating cash flow (approximation) | -€13,128 | -€3,959 | €8,329 | €55,180 | ▲ 563% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€14,990 | - |
| Change in cash | - | €2,121 | -€2,122 | €1,491 | ▲ 170% |
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
2026
16-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 10-03-2026
2024
07-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 01-10-2024
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 220 days late
2022
31-12
Financial
Highest result since 2019net €54,390 ▲553%
Operating result €73,188, net result €54,390, both a record.
2021
31-12
Financial
Back to profitnet €8,329
Net result €8,329 after 2 loss-making years.
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 83 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SYLVIA LAGROU FRANKRIJKLEI 115,
2000 ANTWERPEN 1 |
01-10-2024 → 10-03-2026 |