TECside
ActiveSummary
The computed 12-month bankruptcy probability of TECside is 1.6% (moderate). The 2025 annual accounts show negative equity (-€53,996) and a net result of -€45,073. Equity has been shrinking by about 113% per year since 2023. Its solvency ranks better than 6% of 39,242 sector peers (NACE 70, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-12-2022 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 2 others
- Establishment unit
- 2.340.875.759 3012 Leuven, since 22-12-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.6%
- Gross margin
- €49,727
- ▼ 52.1%
- Turnover
- ≈ €140,000
- estimated
- Loss
- €45,073
- Equity
- -€53,996
- ▼ 505%
- Total assets
- €239,525
- ▲ 70.1%
- Staff
- ≈ 1.2 FTE
- estimated
- Negative equity on 31-12-2025
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskCapped at 59: negative equity1 change of registered office in 24 monthsNegative equity -€53,996lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Size: total assets €239,525Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 70, micro). It does better than 6% of them on solvency, 4% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 27 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00470398.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is a loss of €39,068, after a profit of €14,031 in 2024. It is the lowest result since 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Staff
| Item | 31-12-2023 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 2 |
| full-time | 2 | 2 |
| in full-time equivalents | 2 | 2 |
| Average over the year, in full-time equivalents | 1.2 | 2.2 |
| On a permanent contract | 2 | 2 |
| Joined | 3 | - |
| Left | 1 | - |
Source: social balance sheet in the 2023 to 2024 annual accounts
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €25,050 | €4,306 | €32,548 |
| Financial fixed assets | €1,000 | - | €17,290 |
| Depreciation and write-downs of the year | €3,768 | €6,182 | €10,312 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as TECside: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €198,000 and €287,000, founded between 2022 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| TECside Leuven | 2022 | €239,525 | -€53,996 | €49,727 | -€45,073 | 2025 |
| STINUS PROJECTS Rotselaar | 2023 | €268,554 | €180,107 | €52,114 | €35,824 | 2025 |
| ML Angelino Dilbeek | 2022 | €220,421 | €88,587 | €52,558 | €33,514 | 2026 |
| Glenn Bruyninckx Bekkevoort | 2022 | €286,733 | €63,519 | €48,731 | €25,760 | 2025 |
| Management JB Glabbeek | 2022 | €286,527 | €56,118 | €47,302 | €21,497 | 2025 |
| Exsilio Hoegaarden | 2022 | €197,538 | €2,500 | €49,486 | €18,081 | 2025 |
| Bulsmann Rotselaar | 2022 | €245,583 | €106,178 | €54,653 | €41,211 | 2025 |
They were chosen from the 54,693 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 7,639 companies had the same profile as TECside has now. Two years later, 8.8% had gone bankrupt and 84.9% were still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TECside itself is lower: 1.6% within 12 months. It rests on far more data about TECside 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 7,639 companies, not a prediction for TECside. 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.
| 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 | - |
| 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 | - |
| Income taxes67/77 | €108 | €128 | - | - |
| Profit (loss) for the period9904 | -€16,704 | €7,680 | -€45,073 | - |
| Profit (loss) for the period to be appropriated9905 | -€16,704 | €7,680 | -€45,073 | - |
| 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 | ▲ 18× |
| 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 | - |
| + Depreciation and write-downs630 | €3,768 | €6,182 | €10,312 | ▲ 66.8% |
| Operating cash flow (approximation) | -€12,936 | €13,862 | -€34,761 | - |
| Investment in fixed assets (approximation) | - | -€4,306 | -€49,838 | ▼ 1,058% |
| Change in cash | - | €1,700 | €6,411 | ▲ 277% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- DESRAMAULT Giovanni Louis Eric 10 shares (100%) · €100 in cash
Capital transactions
- 27-12-2022 Incorporation · €100 · 10 shares
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Één of meerdere vereffenaars aanduiden bevoegdheden omlijnen vergoeding bepalen, bestuurder(s) in functie als vereffenaar(s) krachtens…”
Articles of association, deed of 27-12-2022 (in Dutch)
Network & group
Board mandates elsewhere
1 board mandateCompanies at the same address
3 other companiesConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
11-03
Gazette deed
Registered office moved within LeuvenDirector in office5 points ▸
- General meeting, 01-01-2025
- Director in office, Giovanni Desramault (sole director)
- Other provision, “zetelverplaatsing, handelsnaam LED Creaties” (deed in Dutch)
- Registered-office move, Kolonel Begaultlaan 11, 3012 Leuven
- Other provision, “handelsnaam, toevoeging” (deed in Dutch)
27-12
Gazette deed
IncorporationStarting capital €100 · Appointment: DESRAMAULT Giovanni Louis Eric (director) · Founder8 points ▸
- Incorporation, “TECside” (deed in Dutch)
- Founder, DESRAMAULT Giovanni Louis Eric
- Founding capital, €100
- Bank account, “bijzondere rekening, vennootschap in oprichting” (deed in Dutch)
- Share issue, 10, “inbrengen” (deed in Dutch)
- Registered office clause, “3012 Wilsele, Wijgmaalsesteenweg 36D” (deed in Dutch)
- Board rule, 1
- Director appointment, DESRAMAULT Giovanni Louis Eric (director (not named in the articles))
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
TECside was incorporated on 22 December 2022 as a private limited company by one natural person, with a starting capital of €100.12 The registered office was moved to Leuven in 2025.3 DESRAMAULT Giovanni Louis Eric is director of the company, appointed in the act of 27-12-2022.2 Total assets rose from €67,583 in 2023 to €239,525 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24126D0194/00G004 | Flanders | 7,914 m² | 1 · 15 m² | 2.5 m · 1 |