Summary
TEC is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €264,763 and a net result of €94,505. Equity has been growing by about 27% per year since 2021. Its solvency ranks better than 80% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-04-2021 Normal situation
- Activity
- Activities of holding companies NACE 64210
- Establishment unit
- 2.316.638.429 2970 Schilde, since 30-04-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 26-12-2025
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Profit
- €94,505
- ▲ 44.8%
- Equity
- €264,763
- ▲ 25.9%
- Total assets
- €324,893
- ▲ 4.9%
- 2025 accounts filed 21 days after the deadline
Signalsraises risk2025 accounts filed 21 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 21 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filingsDeviation from the deadline
2025
21 days late
2024
30 days late
2023
29 days late
2022
12 days early
2021
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 8 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (4 of the last 5 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 21 days after the deadline Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00413648.
Annual accounts 2025 filed on 21-08-2026 at the NBB all 5 filings
Equity
€264,763▲ 25.9%
2024 · €210,257
Net result
€94,505▲ 44.8%
2024 · €65,269
Total assets
€324,893▲ 4.9%
2024 · €309,768
Solvency
81.5%▲ 13.6pp
2024 · 67.9%
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€105,636
▲ 24.2%
2025
20212025
Net result
€94,505
▲ 44.8%
2025
highest quarter of the sector
20212025
Equity
€264,763
▲ 25.9%
2025
middle half of the sector
20212025
Total assets
€324,893
▲ 4.9%
2025
middle half of the sector
20212025
Debt
€60,130
▼ 39.6%
2025
20212025
Working capital
€231,492
▲ 10.7%
2025
highest quarter of the sector
20212025
Solvency
81.5%
▲ 13.6pp
2025
highest quarter of the sector
20212025
Current ratio
12.19
▲ 9.09
2025
highest quarter of the sector
20212025
Return on assets (ROA)
29.1%
▲ 8.0pp
2025
highest quarter of the sector
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€36,249-€134,130▲ 270%€146,497▲ 9.2%€85,020▼ 42.0%€105,636▲ 24.2%
Net result€26,233within the sector's middle half-€102,326above the sector's middle half▲ 290%€112,030above the sector's middle half▲ 9.5%€65,269within the sector's middle half▼ 41.7%€94,505above the sector's middle half▲ 44.8%
Equity€28,633below the sector's middle half-€130,959within the sector's middle half▲ 357%€242,988within the sector's middle half▲ 85.5%€210,257within the sector's middle half▼ 13.5%€264,763within the sector's middle half▲ 25.9%
Total assets€43,115below the sector's middle half-€175,639within the sector's middle half▲ 307%€311,862within the sector's middle half▲ 77.6%€309,768within the sector's middle half▼ 0.7%€324,893within the sector's middle half▲ 4.9%
Debt€14,482-€44,680▲ 209%€68,873▲ 54.1%€99,511▲ 44.5%€60,130▼ 39.6%
Working capital€24,555within the sector's middle half-€128,206within the sector's middle half▲ 422%€240,657above the sector's middle half▲ 87.7%€209,078above the sector's middle half▼ 13.1%€231,492above the sector's middle half▲ 10.7%
Solvency66.4%within the sector's middle half-74.6%within the sector's middle half▲ 8.2pp77.9%above the sector's middle half▲ 3.4pp67.9%within the sector's middle half▼ 10.0pp81.5%above the sector's middle half▲ 13.6pp
Current ratio2.70within the sector's middle half-3.87within the sector's middle half▲ 1.174.49above the sector's middle half▲ 0.623.10within the sector's middle half▼ 1.3912.19above the sector's middle half▲ 9.09
Return on assets (ROA)60.8%above the sector's middle half-58.3%above the sector's middle half▼ 2.6pp35.9%above the sector's middle half▼ 22.3pp21.1%within the sector's middle half▼ 14.9pp29.1%above the sector's middle half▲ 8.0pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 24% higher than in 2024. It is a recovery after the fall in 2024.
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 €324,893
Fixed assets
€72,709 ▲ 62×
Current assets
€252,185 ▼ 18.3%
Equity and liabilities €324,893
Equity
€264,763 ▲ 25.9%
Debt
€60,130 ▼ 39.6%
Debt's share of the balance-sheet total falls from 32.1% to 18.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
35.7%▲
2024 · 31.0%
Debt ≤ 1 year
€20,693▼
2024 · €99,511
Debt > 1 year
€39,438
Income taxes
€25,464▲
2024 · €20,642
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,783 | - | €1,163 | - | €81,443 |
| Depreciation and write-downs of the year | €705 | €1,326 | €1,584 | €1,152 | €9,913 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €705 | €1,326 | €1,584 | €1,152 | €9,913 | ▲ 761% |
| Other operating charges640/8 | €2,055 | €652 | €709 | €749 | €120 | ▼ 84.0% |
| Gross operating margin9900 | €39,009 | €136,108 | €148,789 | €86,921 | €115,670 | ▲ 33.1% |
| Operating profit (loss)9901 | €36,249 | €134,130 | €146,497 | €85,020 | €105,636 | ▲ 24.2% |
| Financial income75/76B | - | - | €596 | €989 | €15,623 | ▲ 16× |
| Recurring financial income75 | - | - | €596 | €989 | €15,623 | ▲ 16× |
| Financial charges65/66B | €173 | €374 | €662 | €99 | €1,290 | ▲ 13× |
| Recurring financial charges65 | €173 | €374 | €662 | €99 | €1,290 | ▲ 13× |
| Profit (loss) for the period before taxes9903 | €36,075 | €133,756 | €146,430 | €85,911 | €119,970 | ▲ 39.6% |
| Income taxes67/77 | €9,842 | €31,430 | €34,401 | €20,642 | €25,464 | ▲ 23.4% |
| Profit (loss) for the period9904 | €26,233 | €102,326 | €112,030 | €65,269 | €94,505 | ▲ 44.8% |
| Profit (loss) for the period to be appropriated9905 | €26,233 | €102,326 | €112,030 | €65,269 | €94,505 | ▲ 44.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,115 | €175,639 | €311,862 | €309,768 | €324,893 | ▲ 4.9% |
| Fixed assets21/28 | €4,078 | €2,752 | €2,331 | €1,179 | €72,709 | ▲ 62× |
| Tangible fixed assets22/27 | €4,078 | €2,752 | €2,331 | €1,179 | €72,709 | ▲ 62× |
| Plant, machinery and equipment23 | - | - | - | - | €1,725 | - |
| Furniture and vehicles24 | €4,078 | €2,752 | €2,331 | €1,179 | €70,984 | ▲ 60× |
| Current assets29/58 | €39,037 | €172,887 | €309,531 | €308,589 | €252,185 | ▼ 18.3% |
| Amounts receivable within one year40/41 | - | - | €39,051 | €64,472 | €75,689 | ▲ 17.4% |
| Trade receivables40 | - | - | €38,204 | €34,049 | €27,876 | ▼ 18.1% |
| Other amounts receivable41 | - | - | €848 | €30,423 | €47,813 | ▲ 57.2% |
| Current investments50/53 | - | €54,688 | €99,570 | €120,006 | €113,728 | ▼ 5.2% |
| Cash at bank and in hand54/58 | €39,037 | €118,199 | €170,910 | €124,110 | €62,767 | ▼ 49.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,115 | €175,639 | €311,862 | €309,768 | €324,893 | ▲ 4.9% |
| Equity10/15 | €28,633 | €130,959 | €242,988 | €210,257 | €264,763 | ▲ 25.9% |
| Contributions10/11 | €2,400 | €2,400 | €2,400 | €2,400 | €2,400 | = |
| Reserves13 | €26,233 | €128,559 | €240,588 | €207,857 | €262,363 | ▲ 26.2% |
| Distributable reserves133 | €26,233 | €128,559 | €240,588 | €207,857 | €262,363 | ▲ 26.2% |
| Amounts payable17/49 | €14,482 | €44,680 | €68,873 | €99,511 | €60,130 | ▼ 39.6% |
| Amounts payable after more than one year17 | - | - | - | - | €39,438 | - |
| Financial debts170/4 | - | - | - | - | €39,438 | - |
| Amounts payable within one year42/48 | €14,482 | €44,680 | €68,873 | €99,511 | €20,693 | ▼ 79.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10,461 | - |
| Trade debts44 | - | €29 | €500 | €2,540 | €1,185 | ▼ 53.3% |
| Suppliers440/4 | - | €29 | €500 | €2,540 | €1,185 | ▼ 53.3% |
| Taxes, remuneration and social security45 | €14,482 | €44,651 | €68,373 | €36,970 | €9,046 | ▼ 75.5% |
| Taxes450/3 | €13,672 | €44,651 | €68,373 | €36,970 | €9,046 | ▼ 75.5% |
| Remuneration and social security454/9 | €810 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €60,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,233 | €102,326 | €112,030 | €65,269 | €94,505 | ▲ 44.8% |
| + Depreciation and write-downs630 | €705 | €1,326 | €1,584 | €1,152 | €9,913 | ▲ 761% |
| Operating cash flow (approximation) | €26,938 | €103,652 | €113,614 | €66,421 | €104,419 | ▲ 57.2% |
| Investment in fixed assets (approximation) | - | €0 | -€1,163 | €0 | -€81,443 | - |
| Change in cash | - | €79,161 | €52,711 | -€46,800 | -€61,343 | ▼ 31.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-08-2026 | 2026-00413648 | |
| 31-12-2024 | micro format | 30-08-2025 | 2025-00465386 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00427441 | |
| 31-12-2022 | micro format | 19-07-2023 | 2023-00250029 | |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20119010 |
Board & ownership
Directors
Directors
1 director
Engels Thomas
Current
Owners and capital
Owners
Network & group
TEC shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of TEC. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
21-08
micro format · 21 days late
2025
31-12
Financial
Liquidity more than triplescurrent ratio 12.19
The current ratio rises from 3.10 to 12.19. Short-term debt falls from €99,511 to €20,693.
30-08
micro format · 30 days late
2024
29-08
micro format · 29 days late
2023
31-12
Financial
Highest result from 2021 to 2025net €112,030 ▲9.5%
The operating result of €146,497 and the net result of €112,030 are both a record.
31-12
Financial
Equity above €200,000equity €242,988 ▲85.5%
With a profit in every financial year since 2021, equity grows to €242,988.
19-07
micro format · 12 days before the deadline
2022
31-12
Financial
Equity above €100,000equity €130,959 ▲357%
With a profit in every financial year since 2021, equity grows to €130,959.
01-07
micro format · 30 days before the deadline
2021
04-05
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
TEC in Dutch
Enterprise number
0767.685.714
Legal form
Private limited company
Status
Active, normale toestand
Founded
30-04-2021
Entity type
Legal entity
Registered office and establishments
Registered office
Riemstraat 81, 2970 Schilde, Belgium
Establishment unit
TEC, Riemstraat 81, 2970 Schilde since 30-04-2021 · unit number 2.316.638.4297010001 Activities of head offices
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
Invoicing and payment
VAT number
BE 0767.685.714
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
2,339 m²
Building footprint
249 m²
Building volume
1,349 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11039A0503/00B002 | Flanders | 2,339 m² | 1 · 249 m² | 9.2 m · 2 |