TECside
ActiveSummary
TECside has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€53,996) and a net result of -€45,073. Equity is shrinking by ~112.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 31942 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-58
Solvency2▼-17
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.77 against 1.1 in 2024; short-term debt: 97.4% and cash: 7% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-22.5%
Return on assets
-18.8%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€53,996
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 27 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 27 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€53,996▼ 505%
2024 · -€8,924
Total assets
€239,525▲ 70.1%
2024 · €140,802
Net result
-€45,073
2024 · €7,680
Working capital
-€53,728
2024 · €10,871
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line202320242025
Operating result-€15,367-€14,031-€39,068
Net result-€16,704below the sector's middle half-€7,680within the sector's middle half-€45,073below the sector's middle half
Equity-€16,604below the sector's middle half--€8,924below the sector's middle half▲ 46.3%-€53,996below the sector's middle half▼ 505%
Total assets€67,583below the sector's middle half-€140,802within the sector's middle half▲ 108%€239,525within the sector's middle half▲ 70.1%
Debt€84,187-€149,726▲ 77.9%€293,522▲ 96.0%
Working capital€1,314within the sector's middle half-€10,871within the sector's middle half▲ 727%-€53,728below the sector's middle half
Solvency-24.6%below the sector's middle half--6.3%below the sector's middle half▲ 18.2pp-22.5%below the sector's middle half▼ 16.2pp
Current ratio1.03below the sector's middle half-1.10within the sector's middle half▲ 0.070.77below the sector's middle half▼ 0.33
Return on assets (ROA)-24.7%below the sector's middle half-5.5%within the sector's middle half▲ 30.2pp-18.8%below the sector's middle half▼ 24.3pp
Staff (FTE)1.2-2.2▲ 83.3%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
The operating result turns negative in 2025: a loss of €39,068 after €14,031 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €239,525
Fixed assets
€59,931 ▲ 194%
Current assets
€179,594 ▲ 49.2%
Key figures and ratios
EBITDA
-€28,756▼
2024 · €20,213
Cash flow
-€34,761▼
2024 · €13,862
Quick ratio
0.65▼
2024 · 0.74
Debt to equity
-5.44▲
2024 · -16.78
Interest coverage
-4.77▼
2024 · 3.91
Debt ≤ 1 year
€233,322▲
2024 · €109,526
Debt > 1 year
€60,200▲
2024 · €40,200
Staff costs
€77,825▼
2024 · €83,123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.2%
went bankrupt
5.3%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 7,657 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €48,887 | €83,123 | €77,825 | ▼ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,768 | €6,182 | €10,312 | ▲ 66.8% |
| Other operating charges640/8 | €189 | €586 | €657 | ▲ 12.2% |
| Non-recurring operating charges66A | €8,441 | - | - | - |
| Gross operating margin9900 | €45,919 | €103,922 | €49,727 | ▼ 52.1% |
| Operating profit (loss)9901 | -€15,367 | €14,031 | -€39,068 | ▼ 378% |
| Financial income75/76B | - | €465 | €20 | ▼ 95.8% |
| Recurring financial income75 | - | €465 | €20 | ▼ 95.8% |
| Financial charges65/66B | €1,228 | €6,688 | €6,025 | ▼ 9.9% |
| Recurring financial charges65 | €1,228 | €5,171 | €6,025 | ▲ 16.5% |
| Non-recurring financial charges66B | - | €1,516 | - | - |
| Profit (loss) for the period before taxes9903 | -€16,596 | €7,808 | -€45,073 | ▼ 677% |
| Income taxes67/77 | €108 | €128 | - | - |
| Profit (loss) for the period9904 | -€16,704 | €7,680 | -€45,073 | ▼ 687% |
| Profit (loss) for the period to be appropriated9905 | -€16,704 | €7,680 | -€45,073 | ▼ 687% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €67,583 | €140,802 | €239,525 | ▲ 70.1% |
| Fixed assets21/28 | €22,282 | €20,406 | €59,931 | ▲ 194% |
| Tangible fixed assets22/27 | €21,282 | €19,406 | €41,641 | ▲ 115% |
| Plant, machinery and equipment23 | €15,440 | €13,599 | €38,328 | ▲ 182% |
| Furniture and vehicles24 | €5,842 | €5,806 | €3,313 | ▼ 42.9% |
| Financial fixed assets28 | €1,000 | €1,000 | €18,290 | ▲ 1,729% |
| Current assets29/58 | €45,301 | €120,397 | €179,594 | ▲ 49.2% |
| Stocks and contracts in progress3 | - | €39,860 | €27,651 | ▼ 30.6% |
| Stocks30/36 | - | €39,860 | €27,651 | ▼ 30.6% |
| Amounts receivable within one year40/41 | €36,679 | €70,215 | €135,211 | ▲ 92.6% |
| Trade receivables40 | €36,338 | €70,215 | €134,304 | ▲ 91.3% |
| Other amounts receivable41 | €341 | - | €907 | - |
| Cash at bank and in hand54/58 | €8,622 | €10,322 | €16,733 | ▲ 62.1% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €67,583 | €140,802 | €239,525 | ▲ 70.1% |
| Equity10/15 | -€16,604 | -€8,924 | -€53,996 | ▼ 505% |
| Contributions10/11 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | -€16,704 | -€9,024 | -€54,096 | ▼ 499% |
| Amounts payable17/49 | €84,187 | €149,726 | €293,522 | ▲ 96.0% |
| Amounts payable after more than one year17 | €40,200 | €40,200 | €60,200 | ▲ 49.8% |
| Financial debts170/4 | €40,200 | €40,200 | €60,200 | ▲ 49.8% |
| Amounts payable within one year42/48 | €43,987 | €109,526 | €233,322 | ▲ 113% |
| Financial debts43 | €83 | €50,000 | €100,000 | ▲ 100% |
| Credit institutions430/8 | €83 | €50,000 | €100,000 | ▲ 100% |
| Trade debts44 | €23,327 | €31,028 | €66,714 | ▲ 115% |
| Suppliers440/4 | €23,327 | €31,028 | €66,714 | ▲ 115% |
| Advances received on contracts in progress46 | - | - | €2,963 | - |
| Taxes, remuneration and social security45 | €20,576 | €26,127 | €57,373 | ▲ 120% |
| Taxes450/3 | €4,723 | €17,391 | €44,966 | ▲ 159% |
| Remuneration and social security454/9 | €15,853 | €8,736 | €12,407 | ▲ 42.0% |
| Other amounts payable47/48 | - | €2,371 | €6,272 | ▲ 165% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,704 | €7,680 | -€45,073 | ▼ 687% |
| + Depreciation and write-downs630 | €3,768 | €6,182 | €10,312 | ▲ 66.8% |
| Operating cash flow (approximation) | -€12,936 | €13,862 | -€34,761 | ▼ 351% |
| Investment in fixed assets (approximation) | - | -€4,306 | -€49,838 | ▼ 1,058% |
| Change in cash | - | €1,700 | €6,411 | ▲ 277% |
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
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€45,073
Net result drops to -€45,073, the lowest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Back to profitnet €7,680
Net result €7,680 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Leuven · 1 establishment unit since 2022
Ground area
7,914 m²
Building footprint
15 m²
Volume, LiDAR
33 m³
Parcel 24126D0194/00G004, Flanders · tallest building 2.5 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
LED creaties
since 20222.340.875.759
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126D0194/00G004 | Flanders | 7,914 m² | 1 · 15 m² | 2.5 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
90393Specialised image, lighting and sound technical services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0795233912
Also
9925:BE0795233912
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.