TECTRA
ActiveTECTRA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €-64k. Equity is shrinking by ~13.1% per year across the filed fiscal years. Its solvency ranks better than 25% of 3446 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
60
/ 100
Healthy▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency79▼-6
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 9.13 against 12.49 in 2024), but 82.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
17.8%
Return on assets
-14.6%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€64k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
66 d early
2023
68 d early
2022
67 d early
2021
4 d early
2020
51 d early
2019
11 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€78k▼ 45.0%
2024 · €141k
2018: €279k
2019: €295k
2020: €314k
2021: €283k
2022: €244k
2023: €210k
2024: €141k
2018 → 2025
Total assets
€437k▼ 13.4%
2024 · €504k
2018: €807k
2019: €775k
2020: €744k
2021: €673k
2022: €615k
2023: €584k
2024: €504k
2018 → 2025
Net result
€-64k▲ 7.6%
2024 · €-69k
2018: €27k
2019: €16k
2020: €18k
2021: €-31k
2022: €-39k
2023: €-34k
2024: €-69k
2018 → 2025
Working capital
€74k▼ 45.0%
2024 · €134k
2018: €-13k
2019: €64k
2020: €138k
2021: €171k
2022: €197k
2023: €179k
2024: €134k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€283k-€244k▼ 13.8%€210k▼ 13.8%€141k▼ 32.8%€78k▼ 45.0%
Operating result€-31k-€-44k▼ 40.9%€-39k▲ 12.0%€-75k▼ 93.4%€-65k▲ 13.8%
Net result€-31k-€-39k▼ 26.5%€-34k▲ 13.6%€-69k▼ 104%€-64k▲ 7.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65k in 2025 against €75k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €437k
Fixed assets
€354k▼ 1.2%
Current assets
€83k▼ 43.2%
Equity and liabilities €437k
Equity
€78k▼ 45.0%
Provisions
€349k▼ 0.3%
Debt
€10k▼ 20.5%
The debt ratio falls from 2.5% to 2.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-36k▲
2024 · €-47k
Cash flow
€-35k▲
2024 · €-41k
Solvency
17.8%▼
2024 · 28.0%
Current ratio
9.13▼
2024 · 12.49
Quick ratio
9.13▼
2024 · 12.49
Debt / equity
0.13▲
2024 · 0.09
ROE
-82.0%▼
2024 · -48.7%
ROA
-14.6%▼
2024 · -13.6%
Interest coverage
-165.28▲
2024 · -243.52
Debt
€10k▼
2024 · €13k
Debt ≤ 1 year
€9k▼
2024 · €12k
Income taxes
€149▲
2024 · €143
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€504k€437k▼
Fixed assets21/28€358k€354k▼
Tangible fixed assets22/27€358k€354k▼
Land and buildings22€345k€335k▼
Plant, machinery and equipment23€13k€18k▲
Current assets29/58€146k€83k▼
Amounts receivable within one year40/41€6k€25k▲
Trade receivables40€6k€6k▼
Other amounts receivable41-€19k
Cash at bank and in hand54/58€138k€57k▼
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€504k€437k▼
Equity10/15€141k€78k▼
Contributions10/11€66k€66k=
Capital10€66k€66k=
Issued capital100€66k€66k=
Reserves13€75k€72k▼
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€68k€65k▼
Distributable reserves133€462-
Profit (loss) carried forward14-€-61k
Provisions and deferred taxes16€350k€349k▼
Provisions for liabilities and charges160/5€335k€335k=
Pensions and similar obligations160€335k€335k=
Deferred taxes168€15k€14k▼
Amounts payable17/49€13k€10k▼
Amounts payable within one year42/48€12k€9k▼
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€7k€7k▼
Taxes450/3€7k€7k▼
Other amounts payable47/48€494-
Accrued charges and deferred income492/3€943€949▲
Income statement
Code20242025
Non-recurring operating income76A-€1k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€28k▲
Other operating charges640/8€1k€836▼
Non-recurring operating charges66A-€144
Gross operating margin9900€-46k€-35k▲
Operating profit (loss)9901€-75k€-65k▲
Financial income75/76B€5k€158▼
Recurring financial income75€5k€158▼
Financial charges65/66B€195€220▲
Recurring financial charges65€195€220▲
Profit (loss) for the period before taxes9903€-70k€-65k▲
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€143€149▲
Profit (loss) for the period9904€-69k€-64k▲
Transfer from tax-exempt reserves789€2k€2k=
Profit (loss) for the period to be appropriated9905€-66k€-61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-66k€-61k▲
Transfer from equity791/2€66k€462▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-69k
Net result drops to €-69k, the lowest in the series; recovery starts the following year.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 5.73
Current ratio from 2.84 to 5.73; short-term debt falls from €75k to €36k.
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2022
Beirlaen Pieter
CurrentDirector · since 19-05-2022
Debouver Maria
CurrentDirector · since 19-05-2022
19-05-2022
Beirlaen Pieter: Appointed as Director
19-05-2022
Beirlaen Pieter: Appointed as Managing director
19-05-2022
Debouver Maria: Appointed as Director
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Driekavenstraat 418790 WaregemGround area
2,361 m²
Building footprint
196 m²
Volume, LiDAR
999 m³
Parcel 34452A0790/00Y000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TECTRA NV
since 19942.055.764.253
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452A0790/00Y000 | Flanders | 2,361 m² | 1 · 196 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PASCALE BARBAIX
BE 0833.710.842
Aalst · Eq €77k
AMBESSA
BE 0799.573.572
Evere · Eq €78k
CAPALDI TRADUCTIONS
BE 0471.790.281
Sint-Gillis (bij-Brussel) · Eq €77k
@MIRANDA TRANSLATION SERVICES
BE 0863.387.793
Overijse · Eq €77k
PLOX
BE 0461.269.147
Antwerpen · Eq €78k
Of 4,526 companies in sector 74301 we hold annual accounts for 716. 615 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-12-1991
Fiscal year end31-12
Activities, NACEBEL
74300Other professional, scientific and technical activities
74301Translation services
74852
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.