TEBYSCO
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 17-03-2026 PDF all 13 filings
Turnover
≈ €150,000
Estimated: probably between €68,000 and €360,000
Total assets
€136,696▼ 13.8%
2024 · €158,645
Net result
-€381
2024 · €26,617
Working capital
€70,082▲ 14.0%
2024 · €61,484
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
-€465
2025
20192025
Net result
-€381
2025
lowest quarter of the sector
20192025
Equity
€127,610
▼ 0.3%
2025
middle half of the sector
20192025
Total assets
€136,696
▼ 13.8%
2025
middle half of the sector
20192025
Debt
€9,086
▼ 70.4%
2025
20192025
Working capital
€70,082
▲ 14.0%
2025
middle half of the sector
20192025
Solvency
93.4%
▲ 12.7pp
2025
highest quarter of the sector
20192025
Current ratio
8.71
▲ 4.68
2025
highest quarter of the sector
20192025
Return on assets (ROA)
-0.3%
▼ 17.1pp
2025
lowest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€53,081-€13,093▼ 75.3%€15,987▲ 22.1%€19,392▲ 21.3%€27,748▲ 43.1%€32,142▲ 15.8%-€465
Net result€41,819-€8,538within the sector's middle half▼ 79.6%€10,951within the sector's middle half▲ 28.3%€13,310within the sector's middle half▲ 21.5%€18,500within the sector's middle half▲ 39.0%€26,617within the sector's middle half▲ 43.9%-€381below the sector's middle half
Equity€83,482-€87,020within the sector's middle half▲ 4.2%€78,589within the sector's middle half▼ 9.7%€88,374within the sector's middle half▲ 12.5%€105,374within the sector's middle half▲ 19.2%€127,992within the sector's middle half▲ 21.5%€127,610within the sector's middle half▼ 0.3%
Total assets€119,694-€99,293within the sector's middle half▼ 17.0%€110,606within the sector's middle half▲ 11.4%€103,174within the sector's middle half▼ 6.7%€128,281within the sector's middle half▲ 24.3%€158,645within the sector's middle half▲ 23.7%€136,696within the sector's middle half▼ 13.8%
Debt€36,212-€12,273▼ 66.1%€32,017▲ 161%€14,800▼ 53.8%€22,906▲ 54.8%€30,654▲ 33.8%€9,086▼ 70.4%
Working capital€80,964-€77,442within the sector's middle half▼ 4.4%€75,480within the sector's middle half▼ 2.5%€85,469within the sector's middle half▲ 13.2%€106,694above the sector's middle half▲ 24.8%€61,484within the sector's middle half▼ 42.4%€70,082within the sector's middle half▲ 14.0%
Solvency69.7%-87.6%above the sector's middle half▲ 17.9pp71.1%within the sector's middle half▼ 16.6pp85.7%above the sector's middle half▲ 14.6pp82.1%above the sector's middle half▼ 3.5pp80.7%above the sector's middle half▼ 1.5pp93.4%above the sector's middle half▲ 12.7pp
Current ratio3.24-7.31above the sector's middle half▲ 4.073.60within the sector's middle half▼ 3.717.74above the sector's middle half▲ 4.146.50above the sector's middle half▼ 1.254.03within the sector's middle half▼ 2.478.71above the sector's middle half▲ 4.68
Return on assets (ROA)34.9%-8.6%within the sector's middle half▼ 26.3pp9.9%within the sector's middle half▲ 1.3pp12.9%within the sector's middle half▲ 3.0pp14.4%within the sector's middle half▲ 1.5pp16.8%within the sector's middle half▲ 2.4pp-0.3%below the sector's middle half▼ 17.1pp
above
within
below
The sector band is the middle half of the companies in Computing infrastructure, data processing, hosting and other information service activities (NACE 63). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €465, after a profit of €32,142 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €136,696
Fixed assets
€57,528 ▼ 25.2%
Current assets
€79,168 ▼ 3.2%
Equity and liabilities €136,696
Equity
€127,610 ▼ 0.3%
Debt
€9,086 ▼ 70.4%
Debt's share of the balance-sheet total falls from 19.3% to 6.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18,745▼
2024 · €49,505
Cash flow
€18,830▼
2024 · €43,980
Debt to equity
0.07▼
2024 · 0.24
ROE
-0.3%▼
2024 · 20.8%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€9,086▼
2024 · €20,273
Income taxes
€325▼
2024 · €5,523
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,947 | - | €92,070 | - |
| Depreciation and write-downs of the year | €4,026 | €2,850 | €17,363 | €19,211 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,660 | €3,243 | €3,470 | €4,026 | €2,850 | €17,363 | €19,211 | ▲ 10.6% |
| Other operating charges640/8 | - | - | - | €852 | €912 | €1,032 | €664 | ▼ 35.7% |
| Gross operating margin9900 | €55,639 | €17,198 | €20,299 | €24,269 | €31,510 | €50,536 | €19,409 | ▼ 61.6% |
| Operating profit (loss)9901 | €53,081 | €13,093 | €15,987 | €19,392 | €27,748 | €32,142 | -€465 | - |
| Financial income75/76B | - | - | - | €0 | €90 | €179 | €567 | ▲ 216% |
| Recurring financial income75 | €54 | €71 | €0 | €0 | €90 | €179 | €567 | ▲ 216% |
| Financial charges65/66B | - | - | - | €181 | €181 | €181 | €158 | ▼ 12.7% |
| Recurring financial charges65 | €236 | €257 | €95 | €181 | €181 | €181 | €158 | ▼ 12.7% |
| Profit (loss) for the period before taxes9903 | €52,900 | €12,908 | €15,891 | €19,211 | €27,658 | €32,140 | -€57 | - |
| Income taxes67/77 | €11,081 | €4,370 | €4,941 | €5,901 | €9,157 | €5,523 | €325 | ▼ 94.1% |
| Profit (loss) for the period9904 | €41,819 | €8,538 | €10,951 | €13,310 | €18,500 | €26,617 | -€381 | - |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €41,819 | €8,538 | €11,152 | €13,310 | €18,500 | €26,617 | -€381 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €119,694 | €99,293 | €110,606 | €103,174 | €128,281 | €158,645 | €136,696 | ▼ 13.8% |
| Fixed assets21/28 | €2,518 | €9,578 | €6,109 | €5,030 | €2,181 | €76,888 | €57,528 | ▼ 25.2% |
| Tangible fixed assets22/27 | €2,369 | €9,429 | €5,960 | €4,881 | €2,032 | €76,739 | €57,528 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | - | - | €3,921 | €2,032 | €3,913 | €2,959 | ▼ 24.4% |
| Furniture and vehicles24 | - | - | - | €961 | €0 | €72,826 | €54,569 | ▼ 25.1% |
| Financial fixed assets28 | €149 | €149 | €149 | €149 | €149 | €149 | €0 | ▼ 100% |
| Current assets29/58 | €117,176 | €89,715 | €104,497 | €98,143 | €126,100 | €81,757 | €79,168 | ▼ 3.2% |
| Amounts receivable within one year40/41 | €45,347 | €14,052 | €28,403 | €14,257 | €7,841 | €17,561 | €37,516 | ▲ 114% |
| Trade receivables40 | - | - | - | €14,257 | €7,841 | €12,561 | €0 | ▼ 100% |
| Other amounts receivable41 | - | - | - | €0 | - | €5,000 | €37,516 | ▲ 650% |
| Cash at bank and in hand54/58 | €70,856 | €74,732 | €75,209 | €72,822 | €116,508 | €62,985 | €40,444 | ▼ 35.8% |
| Deferred charges and accrued income490/1 | - | - | - | €11,064 | €1,751 | €1,211 | €1,209 | ▼ 0.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €119,694 | €99,293 | €110,606 | €103,174 | €128,281 | €158,645 | €136,696 | ▼ 13.8% |
| Equity10/15 | €83,482 | €87,020 | €78,589 | €88,374 | €105,374 | €127,992 | €127,610 | ▼ 0.3% |
| Contributions10/11 | €18,550 | - | - | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €64,932 | €68,470 | €60,039 | €69,824 | €86,824 | €109,442 | €109,060 | ▼ 0.3% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €67,964 | €84,964 | €107,582 | €109,060 | ▲ 1.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €36,212 | €12,273 | €32,017 | €14,800 | €22,906 | €30,654 | €9,086 | ▼ 70.4% |
| Amounts payable within one year42/48 | €36,212 | €12,273 | €29,017 | €12,675 | €19,406 | €20,273 | €9,086 | ▼ 55.2% |
| Trade debts44 | €173 | €354 | €1,265 | €762 | €551 | €1,329 | €1,339 | ▲ 0.7% |
| Suppliers440/4 | - | - | - | €762 | €551 | €1,329 | €1,339 | ▲ 0.7% |
| Taxes, remuneration and social security45 | - | - | - | €5,570 | €12,754 | €7,320 | €67 | ▼ 99.1% |
| Taxes450/3 | - | - | - | €5,570 | €11,754 | €6,320 | €67 | ▼ 98.9% |
| Remuneration and social security454/9 | - | - | - | €0 | €1,000 | €1,000 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €6,343 | €6,101 | €11,623 | €7,679 | ▼ 33.9% |
| Accrued charges and deferred income492/3 | - | - | - | €2,125 | €3,500 | €10,381 | €0 | ▼ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,819 | €8,538 | €10,951 | €13,310 | €18,500 | €26,617 | -€381 | - |
| + Depreciation and write-downs630 | €1,660 | €3,243 | €3,470 | €4,026 | €2,850 | €17,363 | €19,211 | ▲ 10.6% |
| Operating cash flow (approximation) | €43,478 | €11,781 | €14,420 | €17,336 | €21,350 | €43,980 | €18,830 | ▼ 57.2% |
| Investment in fixed assets (approximation) | - | -€10,303 | €0 | -€2,947 | €0 | -€92,070 | €149 | - |
| Change in cash | - | €3,875 | €478 | -€2,387 | €43,685 | -€53,522 | -€22,542 | ▲ 57.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as TEBYSCO has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TEBYSCO itself is lower: < 0.1% within 12 months. It rests on far more data about TEBYSCO than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,908 companies, not a prediction for TEBYSCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 17-03-2026 | 2026-00056143 | |
| 30-09-2024 | micro format | 03-03-2025 | 2025-00041986 | |
| 30-09-2023 | micro format | 05-03-2024 | 2024-00040773 | |
| 30-09-2022 | micro format | 08-03-2023 | 2023-00037496 | |
| 30-09-2021 | micro format | 09-03-2022 | 2022-07500503 | |
| 30-09-2020 | micro format | 12-03-2021 | 2021-07500389 | |
| 30-09-2019 | micro format | 04-03-2020 | 2020-06300010 | |
| 30-09-2018 | abbreviated format | 26-03-2019 | 2019-08200168 | |
| 30-09-2017 | abbreviated format | 06-03-2018 | 2018-06500183 | |
| 30-09-2016 | abbreviated format | 08-03-2017 | 2017-06000413 |