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TEARDROP

Active Risk: not assessed
Private limited companyfounded 20233 yrs activeGraaf Boudewijn I-laan 13, 8200 Brugge, BelgiumKBO/BCE: BE 0802.444.574
Summary

TEARDROP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €37,113 and a net result of €16,469. Its solvency ranks better than 28% of 9866 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
61 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 June 2023, TEARDROP was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€37,113▲ 79.8%
2023 · €20,644
Net result
€16,469▼ 11.7%
2023 · €18,644
Total assets
€133,242▲ 57.7%
2023 · €84,491
Solvency
27.9%▲ 3.4pp
2023 · 24.4%
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
Line20232024
Operating result€25,836-€23,788▼ 7.9%
Net result€18,644-€16,469▼ 11.7%
Equity€20,644-€37,113▲ 79.8%
Total assets€84,491-€133,242▲ 57.7%
Debt€63,847-€96,129▲ 50.6%
Working capital€20,644-€44,564▲ 116%
Solvency24.4%-27.9%▲ 3.4pp
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000Operating result 2023: €25,836€25,836Net result 2023: €18,644€18,644Operating result 2024: €23,788€23,788Net result 2024: €16,469€16,46920232024€0€10,000€20,000€30,000Operating result 2023: €25,836€25,800Net result 2023: €18,644€18,600Operating result 2024: €23,788€23,800Net result 2024: €16,469€16,50020232024
The operating result falls in 2024; 2024 is 8% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €133,242
Equity €37,113 ▲ 79.8%
Debt €96,129 ▲ 50.6%
Debt's share of the balance-sheet total falls from 75.6% to 72.1%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
ROE
44.4%▼
2023 · 90.3%
ROA
12.4%▼
2023 · 22.1%
Debt ≤ 1 year
€88,678▲
2023 · €63,847
Debt > 1 year
€7,451
Income taxes
€7,226▼
2023 · €7,239
Staff costs
€41,695
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 40 lines
Balance sheet Code20232024
Assets
Total assets20/58€84,491€133,242▲
Current assets29/58€84,491€133,242▲
Amounts receivable within one year40/41€84,345€116,025▲
Trade receivables40€75,132€72,167▼
Other amounts receivable41€9,213€43,858▲
Cash at bank and in hand54/58€0€13,046▲
Deferred charges and accrued income490/1€146€4,172▲
Equity and liabilities
Total equity and liabilities10/49€84,491€133,242▲
Equity10/15€20,644€37,113▲
Contributions10/11€2,000€2,000=
Reserves13€18,644€35,113▲
Distributable reserves133€18,644€35,113▲
Amounts payable17/49€63,847€96,129▲
Amounts payable after more than one year17-€7,451
Financial debts170/4-€7,451
Amounts payable within one year42/48€63,847€88,678▲
Current portion of amounts payable after more than one year42-€1,820
Financial debts43-€5,123
Credit institutions430/8-€5,123
Trade debts44€44,222€47,286▲
Suppliers440/4€44,222€47,286▲
Taxes, remuneration and social security45€19,625€34,449▲
Taxes450/3€18,331€23,249▲
Remuneration and social security454/9€1,294€11,199▲
Income statement Code20232024
Remuneration, social security and pensions62-€41,695
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€16,234
Other operating charges640/8€321€315▼
Gross operating margin9900€26,157€82,031▲
Operating profit (loss)9901€25,836€23,788▼
Financial income75/76B€146€4,060▲
Recurring financial income75€146€4,060▲
Financial charges65/66B€98€4,152▲
Recurring financial charges65€98€4,152▲
Profit (loss) for the period before taxes9903€25,883€23,695▼
Income taxes67/77€7,239€7,226▼
Profit (loss) for the period9904€18,644€16,469▼
Profit (loss) for the period to be appropriated9905€18,644€16,469▼
Appropriation of the result
Profit (loss) to be appropriated9906€18,644€16,469▼
Transfer to equity691/2€18,644€16,469▼
To other reserves6921€18,644€16,469▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Remuneration, social security and pensions62-€41,695-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€16,234-
Other operating charges640/8€321€315▼ 2.0%
Gross operating margin9900€26,157€82,031▲ 214%
Operating profit (loss)9901€25,836€23,788▼ 7.9%
Financial income75/76B€146€4,060▲ 2,682%
Recurring financial income75€146€4,060▲ 2,682%
Financial charges65/66B€98€4,152▲ 4,116%
Recurring financial charges65€98€4,152▲ 4,116%
Profit (loss) for the period before taxes9903€25,883€23,695▼ 8.5%
Income taxes67/77€7,239€7,226▼ 0.2%
Profit (loss) for the period9904€18,644€16,469▼ 11.7%
Profit (loss) for the period to be appropriated9905€18,644€16,469▼ 11.7%
Line20232024Change
Assets
Total assets20/58€84,491€133,242▲ 57.7%
Current assets29/58€84,491€133,242▲ 57.7%
Amounts receivable within one year40/41€84,345€116,025▲ 37.6%
Trade receivables40€75,132€72,167▼ 3.9%
Other amounts receivable41€9,213€43,858▲ 376%
Cash at bank and in hand54/58€0€13,046▲ 7,247,533%
Deferred charges and accrued income490/1€146€4,172▲ 2,759%
Equity and liabilities
Total equity and liabilities10/49€84,491€133,242▲ 57.7%
Equity10/15€20,644€37,113▲ 79.8%
Contributions10/11€2,000€2,000=
Reserves13€18,644€35,113▲ 88.3%
Distributable reserves133€18,644€35,113▲ 88.3%
Amounts payable17/49€63,847€96,129▲ 50.6%
Amounts payable after more than one year17-€7,451-
Financial debts170/4-€7,451-
Amounts payable within one year42/48€63,847€88,678▲ 38.9%
Current portion of amounts payable after more than one year42-€1,820-
Financial debts43-€5,123-
Credit institutions430/8-€5,123-
Trade debts44€44,222€47,286▲ 6.9%
Suppliers440/4€44,222€47,286▲ 6.9%
Taxes, remuneration and social security45€19,625€34,449▲ 75.5%
Taxes450/3€18,331€23,249▲ 26.8%
Remuneration and social security454/9€1,294€11,199▲ 765%
Line20232024Change
Profit (loss) for the period9904€18,644€16,469▼ 11.7%
Operating cash flow (approximation)€18,644€16,469▼ 11.7%
Change in cash-€13,046-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
NBB filing

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
596 m²
Building footprint
149 m²
Volume, LiDAR
574 m³
Parcel 31512B0476/00N000, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TEARDROP
Graaf Boudewijn I-laan 13, 8200 BruggeFinancial service activities, except insurance and pension funding
since 20232.346.125.736
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31512B0476/00N000 Flanders 596 m² 1 · 149 m² 5.0 m · 1 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.

Similar companies · same sector, comparable size

Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 9,465 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
Founded06-06-2023
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0802444574
Also 9925:BE0802444574
Registered 17-11-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.