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TECO

Active
Public limited companyfounded 1988active for 37 yearsWissenstraat 14, 9200 Dendermonde, BelgiumKBO/BCE: BE 0436.140.902
Summary

TECO has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16.9m and a net result of €4.7m. Equity is growing by about 19% per year across the filed financial years. Its solvency ranks better than 91% of 125 sector peers (NACE 27, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
TECOActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of electrical equipment
NACE 27120Manufacture of rubber and plastic products NACE 22260
3rd largest company by equity in East Flanders, Electrical equipment sector1 site
Size
€17.0mturnover 2025
Staff
22.4 FTE
Equity
€16.9m
Profit
€4.7m
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
Netceed Holding Belgium · 100%
  • Parisian BidCo SASDirector · permanent representative Mathieu Sarday
  • Robert KresingDirector
Auditor: Pwc Bedrijfsrevisoren2025 accounts filed 10 days late5 of 20 deeds summarised
Why 97raises riskLiquidity: current ratio 6.34, cash €333,982, halvedlowers riskFounded in 1988Profit of €4.7m (financial year 2025)Equity €16.9m (85.2% of total assets)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 76% of its sector peers (NACE 27, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 85.2% of total assets
Liquidity 49-17
short-term debt 14.3% · cash 1.7%
Profitability 99-1
return on assets 23.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (92 companies, NACE 27, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.2 percentage points vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026lowest value 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: 0.1%▲ +0.1 percentage points vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €1,600,000 on 30-day terms is acceptable
Liquidity ample (current ratio 6.34, compared with 4.51 in 2024, above the usual 1.5; short-term debt: 14.3% and cash: 1.7% of total assets), and 14.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 27, small): better than 94% on solvency, 57% on liquidity, 95% on profitability and 60% on growth.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Founded in 1988
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Profit of €4.7m (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 6.34, cash €333,982, halved
NBB · annual accounts
lowers risk · Equity €16.9m (85.2% of total assets)
NBB · annual accounts
raises risk · 2025 accounts filed 10 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 10 filings
Deviation from the deadline
2025
10 days late
2024
on the day
2023
8 days late
2022
on the day
2021
on the day
2020
19 days early
2019
25 days late
← 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 3 days after the deadline; the sector median (NACE 27) for financial year 2024 is 6 days before the deadline, and 37% 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 31 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Highest result from 2018 to 2025net €4.7m ▲1.4%
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Key points

  • Positive: 3rd largest company by equity in East Flanders, Electrical equipment sectorin the Checked rankings No. 3 View
  • Positive: 8 profitable years in a rowprofit 2025: €4.7m 8 years View
  • Controlled by Netceed Holding Belgiumultimately: EOS Finco Sarl 100% View
  • Positive: Equity rose in 2025from €12.2m to €16.9m ▲ 38.5% View

By topic

Financials

Financial year
2025
Turnover
€17.0m
Profit
€4.7m
Solvency
85.2%
Turnover▲ 0.8%
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
Netceed Holding Belgium · 100%
Auditor
Pwc Bedrijfsrevisoren
  • Parisian BidCo SASDirector
  • Robert KresingDirector
Go to Board & ownership

Timeline

Events
46
Since
1991
Next accounts
by 31-07-2027
  1. 21-03-2025Permanent representatives: Alper Turken, Thibaud Lanaspre and…
  2. 21-03-2025Appointment: PwC Bedrijfsrevisoren (statutory auditor)
  3. 31-12-2024Equity above €10m
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of electrical equipmentNACE 27120
Founded
08-12-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Key facts about TECO

What is the company number of TECO?
0436.140.902. In Belgium the VAT number is the company number with BE in front: BE 0436.140.902.
Where is TECO based?
The registered office is at Wissenstraat 14, 9200 Dendermonde.Company details
What does TECO do?
According to the KBO register, the main activity is manufacture of electrical equipment (NACE 27120).
What is the legal form of TECO?
Public limited company (NV).
When was TECO founded?
On 08-12-1988.
Is TECO still active?
Yes, TECO is an active enterprise in the KBO register.
How many employees does TECO have?
On average 22.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TECO?
€17.0m in financial year 2025, according to the filed annual accounts.
Is TECO profitable?
In financial year 2025, TECO made a profit of €4.7m.
Where can I find the annual accounts of TECO?
TECO filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TECO due?
By 31-07-2027, for financial year 2026.Timeline

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