TEATOWER
ActiveSummary
TEATOWER has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €213,641 and a net result of €117,733. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 11508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-5
Solvency56▼-15
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity tight (current ratio 1.29 against 1.67 in 2024; short-term debt: 68.9% and cash: 10.4% of total assets), and 68.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
31.1%
Return on assets
17.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 9 filingsDeviation from the deadline
2025
2 d late
2024
4 d late
2023
18 d late
2022
3 d early
2021
6 d early
2020
11 d late
2019
29 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 on the deadline day; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 2 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€213,641▲ 123%
2024 · €95,908
Total assets
€687,153▲ 227%
2024 · €210,114
Net result
€117,733▲ 170%
2024 · €43,674
Working capital
€136,250▲ 79.2%
2024 · €76,025
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale 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€15,815▼ 18.9%€10,272▼ 35.1%-€77,879€47,056€150,704▲ 220%
Net result€12,479within the sector's middle half▼ 19.7%€7,071within the sector's middle half▼ 43.3%-€80,500below the sector's middle half€43,674above the sector's middle half€117,733above the sector's middle half▲ 170%
Equity€125,663within the sector's middle half▲ 11.0%€132,734within the sector's middle half▲ 5.6%€52,234within the sector's middle half▼ 60.6%€95,908within the sector's middle half▲ 83.6%€213,641above the sector's middle half▲ 123%
Total assets€146,691within the sector's middle half▼ 4.0%€163,231within the sector's middle half▲ 11.3%€114,578within the sector's middle half▼ 29.8%€210,114within the sector's middle half▲ 83.4%€687,153above the sector's middle half▲ 227%
Debt€21,028▼ 46.9%€30,497▲ 45.0%€62,344▲ 104%€114,206▲ 83.2%€473,513▲ 315%
Working capital€88,796within the sector's middle half▲ 35.4%€103,576within the sector's middle half▲ 16.6%€24,518within the sector's middle half▼ 76.3%€76,025within the sector's middle half▲ 210%€136,250above the sector's middle half▲ 79.2%
Solvency85.7%above the sector's middle half▲ 11.6pp81.3%above the sector's middle half▼ 4.3pp45.6%within the sector's middle half▼ 35.7pp45.6%within the sector's middle half▲ 0.1pp31.1%within the sector's middle half▼ 14.6pp
Current ratio5.26above the sector's middle half▲ 2.594.42above the sector's middle half▼ 0.841.39within the sector's middle half▼ 3.021.67within the sector's middle half▲ 0.271.29within the sector's middle half▼ 0.38
Return on assets (ROA)8.5%within the sector's middle half▼ 1.7pp4.3%within the sector's middle half▼ 4.2pp-70.3%below the sector's middle half▼ 74.6pp20.8%above the sector's middle half▲ 91.0pp17.1%above the sector's middle half▼ 3.7pp
Staff (FTE)2.5▼ 21.9%2.7▲ 8.0%2.2▼ 18.5%10
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
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 220% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €687,153
Fixed assets
€77,391 ▲ 289%
Current assets
€609,763 ▲ 221%
Equity and liabilities €687,153
Equity
€213,641 ▲ 123%
Debt
€473,513 ▲ 315%
Debt's share of the balance-sheet total rises from 54.4% to 68.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€161,999▲
2024 · €55,063
Cash flow
€129,028▲
2024 · €51,681
Quick ratio
0.79▼
2024 · 1.57
Debt to equity
2.22▲
2024 · 1.19
ROE
55.1%▲
2024 · 45.5%
Interest coverage
10.83▼
2024 · 16.28
Debt ≤ 1 year
€473,513▲
2024 · €114,206
Income taxes
€20,694
Staff costs
€607,680▲
2024 · -€8,676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 17,811 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €81,787 | €77,959 | -€8,676 | €607,680 | ▲ 7,104% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,717 | €7,708 | €7,747 | €8,007 | €11,296 | ▲ 41.1% |
| Other operating charges640/8 | - | €5,081 | €5,129 | €1,538 | €12,913 | ▲ 740% |
| Gross operating margin9900 | €100,729 | €104,848 | €12,957 | €47,924 | €782,593 | ▲ 1,533% |
| Operating profit (loss)9901 | €15,815 | €10,272 | -€77,879 | €47,056 | €150,704 | ▲ 220% |
| Financial income75/76B | - | €2 | €8 | - | €2,687 | - |
| Recurring financial income75 | €42 | €2 | €8 | - | €2,687 | - |
| Financial charges65/66B | - | €3,202 | €2,629 | €3,382 | €14,965 | ▲ 342% |
| Recurring financial charges65 | €3,378 | €3,202 | €2,629 | €3,382 | €14,965 | ▲ 342% |
| Profit (loss) for the period before taxes9903 | €12,479 | €7,071 | -€80,500 | €43,674 | €138,426 | ▲ 217% |
| Income taxes67/77 | - | - | - | - | €20,694 | - |
| Profit (loss) for the period9904 | €12,479 | €7,071 | -€80,500 | €43,674 | €117,733 | ▲ 170% |
| Profit (loss) for the period to be appropriated9905 | €12,479 | €7,071 | -€80,500 | €43,674 | €117,733 | ▲ 170% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,691 | €163,231 | €114,578 | €210,114 | €687,153 | ▲ 227% |
| Fixed assets21/28 | €37,041 | €29,333 | €27,890 | €19,883 | €77,391 | ▲ 289% |
| Intangible fixed assets21 | €22,612 | €18,000 | €13,500 | €9,000 | €8,100 | ▼ 10.0% |
| Tangible fixed assets22/27 | €14,429 | €11,333 | €14,390 | €10,883 | €69,291 | ▲ 537% |
| Plant, machinery and equipment23 | - | - | €693 | €522 | €4,980 | ▲ 855% |
| Furniture and vehicles24 | - | €82 | - | - | €15,536 | - |
| Other tangible fixed assets26 | - | €11,250 | €13,698 | €10,362 | €48,775 | ▲ 371% |
| Current assets29/58 | €109,651 | €133,899 | €86,688 | €190,231 | €609,763 | ▲ 221% |
| Stocks and contracts in progress3 | €24,188 | €30,878 | €33,125 | €11,410 | €235,983 | ▲ 1,968% |
| Stocks30/36 | - | €30,878 | €33,125 | €11,410 | €235,983 | ▲ 1,968% |
| Amounts receivable within one year40/41 | €5,520 | - | €43,242 | €157,346 | €302,086 | ▲ 92.0% |
| Trade receivables40 | - | - | €681 | €5,150 | €157,536 | ▲ 2,959% |
| Other amounts receivable41 | - | - | €42,561 | €152,196 | €144,550 | ▼ 5.0% |
| Cash at bank and in hand54/58 | €78,705 | €102,900 | €9,949 | €20,828 | €71,309 | ▲ 242% |
| Deferred charges and accrued income490/1 | - | €121 | €372 | €647 | €385 | ▼ 40.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,691 | €163,231 | €114,578 | €210,114 | €687,153 | ▲ 227% |
| Equity10/15 | €125,663 | €132,734 | €52,234 | €95,908 | €213,641 | ▲ 123% |
| Contributions10/11 | €160,000 | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Capital10 | - | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Issued capital100 | - | €160,000 | €160,000 | €160,000 | €160,000 | = |
| Profit (loss) carried forward14 | -€34,337 | -€27,266 | -€107,766 | -€64,092 | €53,641 | ▲ 184% |
| Amounts payable17/49 | €21,028 | €30,497 | €62,344 | €114,206 | €473,513 | ▲ 315% |
| Amounts payable within one year42/48 | €20,854 | €30,323 | €62,170 | €114,206 | €473,513 | ▲ 315% |
| Trade debts44 | €7,855 | €13,066 | €50,940 | €113,789 | €298,573 | ▲ 162% |
| Suppliers440/4 | - | €13,066 | €50,940 | €113,789 | €298,573 | ▲ 162% |
| Taxes, remuneration and social security45 | - | €17,257 | €11,230 | €417 | €133,939 | ▲ 32,014% |
| Taxes450/3 | - | €656 | €291 | €417 | €31,841 | ▲ 7,534% |
| Remuneration and social security454/9 | - | €16,601 | €10,939 | - | €102,098 | - |
| Other amounts payable47/48 | - | - | - | - | €41,000 | - |
| Accrued charges and deferred income492/3 | - | €174 | €174 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,479 | €7,071 | -€80,500 | €43,674 | €117,733 | ▲ 170% |
| + Depreciation and write-downs630 | €10,717 | €7,708 | €7,747 | €8,007 | €11,296 | ▲ 41.1% |
| Operating cash flow (approximation) | €23,196 | €14,780 | -€72,753 | €51,681 | €129,028 | ▲ 150% |
| Investment in fixed assets (approximation) | - | €0 | -€6,305 | €0 | -€68,803 | - |
| Change in cash | - | €24,195 | -€92,951 | €10,879 | €50,482 | ▲ 364% |
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
31-08
State Gazette act
Resignations & appointmentsIncorporation · Power of attorney · Name change6 facts ▸
State Gazette act
Resignations & appointments
Incorporation · Power of attorney · Name change6 facts ▸
- Incorporation, 17-06-2016
- General meeting, 11-06-2026
- Power of attorney, RAES Nicolas Guy Grégory Ghislain
- Power of attorney
- Power of attorney, Christophe PIRET-GERARD
- Name change, TEATOWER
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Highest result since 2019net €117,733 ▲170%
Operating result €150,704, net result €117,733, both a record.
30-06
Financial
Equity above €200,000Eq €213,641 ▲123%
2 profitable years in a row build equity to €213,641.
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Back to profitnet €43,674
Net result €43,674 after one loss-making year.
18-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 18 days late
2023
30-06
Financial
Weakest financial yearnet -€80,500
Net result drops to -€80,500, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 11 days late
2020
30-06
Financial
Back to profitnet €15,542
Net result €15,542 after one loss-making year.
Show earlier events
30-06
Financial
Equity above €100,000Eq €113,184 ▲15.9%
Equity rises from €97,642 to €113,184.
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
09-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 5 establishment units since 2016
Ground area
8,137 m²
Building footprint
2,340 m²
Volume, LiDAR
23,805 m³
5 parcels, Wallonia · tallest building 15.0 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
5 establishment units
Teatower Liege
since 20162.253.961.977
Teatower Namur
since 20242.363.277.316
TEATOWER WATERLOO
since 20252.379.131.470
TEATOWER DISTRIBUTION
since 20252.379.131.371
TEATOWER Rocourt
since 20262.390.769.094
5 parcels
Wallonia
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91101E0416/00H003 | Wallonia | 5,475 m² | - | - |
| 62087B0259/00M002 | Wallonia | 2,262 m² | 1 · 2,158 m² | 13.3 m · 4 fl. |
| 62063A1569/00E000 | Wallonia | 141 m² | 1 · 58 m² | 15.0 m · 5 fl. |
| 92094C0695/00D000 ProtectedArchitectural ensemble |
Wallonia | 137 m² | 1 · 69 m² | - |
| 25763L0403/00_000 | Wallonia | 122 m² | 1 · 55 m² | - |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
4 sitesLiège2.253.961.977
Namur2.363.277.316
Somme-Leuze2.379.131.371
Waterloo2.379.131.470
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Of 404 companies in sector 46370 we hold annual accounts for 210. 151 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
Founded20-06-2016
Fiscal year end30-06
Activities, NACEBEL 2025
46370Wholesale trade
47279Other retail sale of food
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0656763145
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.