TEEK
ActiveSummary
TEEK has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58k and a net result of €12k. Equity is growing by ~22.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability86=
Solvency92▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.4 against 1.89 in 2023; short-term debt: 32.5% and cash: 56.8% of total assets), and 32.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
67.5%
Return on assets
13.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
42 d early
2022
33 d early
2021
37 d early
2020
32 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€58k▲ 21.0%
2023 · €48k
2018: €20k
2019: €17k▼ -16.0% vs 2018lowest in 7 years
2020: €22k▲ +27.1% vs 2019
2021: €22k▲ +2.7% vs 2020
2022: €31k▲ +40.1% vs 2021
2023: €48k▲ +51.8% vs 2022
2024: €58k▲ +21.0% vs 2023highest in 7 years
2018 → 2024
Total assets
€85k▲ 1.9%
2023 · €84k
2018: €32k
2019: €24k▼ -25.3% vs 2018lowest in 7 years
2020: €70k▲ +193% vs 2019
2021: €70k● +0.0% vs 2020
2022: €73k▲ +4.7% vs 2021
2023: €84k▲ +15.1% vs 2022
2024: €85k▲ +1.9% vs 2023highest in 7 years
2018 → 2024
Net result
€12k▲ 0.1%
2023 · €12k
2018: €2k
2019: €-3k▼ -248% vs 2018lowest in 7 years
2020: €6k▲ +291% vs 2019
2021: €2k▼ -64.9% vs 2020
2022: €11k▲ +383% vs 2021
2023: €12k▲ +10.2% vs 2022
2024: €12k▲ +0.1% vs 2023highest in 7 years
2018 → 2024
Working capital
€39k▲ 42.2%
2023 · €27k
2018: €11k
2019: €16k▲ +40.6% vs 2018
2020: €13k▼ -17.1% vs 2019
2021: €13k▼ -4.7% vs 2020
2022: €9k▼ -27.2% vs 2021lowest in 7 years
2023: €27k▲ +196% vs 2022
2024: €39k▲ +42.2% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€22k-€22k▲ 2.7%€31k▲ 40.1%€48k▲ 51.8%€58k▲ 21.0%
2020: €22klowest in 5 years
2021: €22k▲ +2.7% vs 2020
2022: €31k▲ +40.1% vs 2021
2023: €48k▲ +51.8% vs 2022
2024: €58k▲ +21.0% vs 2023highest in 5 years
Operating result€11k-€5k▼ 50.0%€18k▲ 232%€19k▲ 9.0%€20k▲ 2.8%
2020: €11k
2021: €5k▼ -50.0% vs 2020lowest in 5 years
2022: €18k▲ +232% vs 2021
2023: €19k▲ +9.0% vs 2022
2024: €20k▲ +2.8% vs 2023highest in 5 years
Net result€6k-€2k▼ 64.9%€11k▲ 383%€12k▲ 10.2%€12k▲ 0.1%
2020: €6k
2021: €2k▼ -64.9% vs 2020lowest in 5 years
2022: €11k▲ +383% vs 2021
2023: €12k▲ +10.2% vs 2022
2024: €12k▲ +0.1% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €85k
Fixed assets
€19k ▼ 27.5%
Current assets
€67k ▲ 14.9%
Equity and liabilities €85k
Equity
€58k ▲ 21.0%
Debt
€28k ▼ 23.3%
Debt's share of the balance-sheet total falls from 43.2% to 32.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2023 · €29k
Cash flow
€22k▲
2023 · €22k
Current ratio
2.40▲
2023 · 1.89
Debt to equity
0.48▼
2023 · 0.76
ROE
20.2%▼
2023 · 24.5%
ROA
13.7%▼
2023 · 13.9%
Interest coverage
41.01▲
2023 · 40.89
Debt ≤ 1 year
€28k▼
2023 · €31k
Income taxes
€7k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€84k€85k▲
Fixed assets21/28€26k€19k▼
Tangible fixed assets22/27€26k€19k▼
Land and buildings22€12k€12k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€14k€5k▼
Current assets29/58€58k€67k▲
Amounts receivable within one year40/41€15k€17k▲
Trade receivables40€15k€17k▲
Cash at bank and in hand54/58€41k€49k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€84k€85k▲
Equity10/15€48k€58k▲
Contributions10/11€19k€19k=
Reserves13€29k€39k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€27k€39k▲
Amounts payable17/49€36k€28k▼
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€31k€28k▼
Current portion of amounts payable after more than one year42€8k€6k▼
Trade debts44€2k€2k▼
Suppliers440/4€2k€2k▼
Taxes, remuneration and social security45€15k€18k▲
Taxes450/3€15k€18k▲
Other amounts payable47/48€5k€2k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€717€753▲
Non-recurring operating charges66A€2k€2k▲
Gross operating margin9900€32k€33k▲
Operating profit (loss)9901€19k€20k▲
Financial charges65/66B€718€734▲
Recurring financial charges65€718€734▲
Profit (loss) for the period before taxes9903€19k€19k▲
Income taxes67/77€7k€7k▲
Profit (loss) for the period9904€12k€12k▲
Profit (loss) for the period to be appropriated9905€12k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€12k▲
Transfer to equity691/2€10k€10k▼
To other reserves6921€10k€10k▼
Profit to be distributed694/7€2k€2k▲
Return on contributions (dividend)694€2k€2k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €9k | €9k | €10k | €10k | ▲ 2.1% |
| Other operating charges640/8 | - | €2k | €672 | €717 | €753 | ▲ 5.0% |
| Non-recurring operating charges66A | - | €106 | €746 | €2k | €2k | ▲ 11.6% |
| Gross operating margin9900 | €16k | €16k | €28k | €32k | €33k | ▲ 3.1% |
| Operating profit (loss)9901 | €11k | €5k | €18k | €19k | €20k | ▲ 2.8% |
| Financial charges65/66B | - | €628 | €651 | €718 | €734 | ▲ 2.2% |
| Recurring financial charges65 | €498 | €628 | €651 | €718 | €734 | ▲ 2.2% |
| Profit (loss) for the period before taxes9903 | €10k | €5k | €17k | €19k | €19k | ▲ 2.8% |
| Income taxes67/77 | €4k | €2k | €6k | €7k | €7k | ▲ 7.3% |
| Profit (loss) for the period9904 | €6k | €2k | €11k | €12k | €12k | ▲ 0.1% |
| Profit (loss) for the period to be appropriated9905 | €6k | €2k | €11k | €12k | €12k | ▲ 0.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70k | €70k | €73k | €84k | €85k | ▲ 1.9% |
| Fixed assets21/28 | €38k | €32k | €36k | €26k | €19k | ▼ 27.5% |
| Tangible fixed assets22/27 | €38k | €32k | €36k | €26k | €19k | ▼ 27.5% |
| Land and buildings22 | - | €409 | €13k | €12k | €12k | ▼ 1.6% |
| Plant, machinery and equipment23 | - | €330 | €165 | - | €2k | - |
| Furniture and vehicles24 | - | €31k | €22k | €14k | €5k | ▼ 61.1% |
| Current assets29/58 | €31k | €38k | €37k | €58k | €67k | ▲ 14.9% |
| Amounts receivable within one year40/41 | €14k | €20k | €18k | €15k | €17k | ▲ 9.4% |
| Trade receivables40 | - | €17k | €18k | €15k | €17k | ▲ 9.4% |
| Other amounts receivable41 | - | €4k | - | - | - | - |
| Cash at bank and in hand54/58 | €14k | €16k | €18k | €41k | €49k | ▲ 17.2% |
| Deferred charges and accrued income490/1 | - | €1k | €1k | €1k | €2k | ▲ 6.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70k | €70k | €73k | €84k | €85k | ▲ 1.9% |
| Equity10/15 | €22k | €22k | €31k | €48k | €58k | ▲ 21.0% |
| Contributions10/11 | - | €12k | €12k | €19k | €19k | = |
| Reserves13 | €9k | €10k | €19k | €29k | €39k | ▲ 34.5% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | - | - |
| Distributable reserves133 | - | €8k | €17k | €27k | €39k | ▲ 43.7% |
| Amounts payable17/49 | €48k | €47k | €41k | €36k | €28k | ▼ 23.3% |
| Amounts payable after more than one year17 | €30k | €22k | €14k | €6k | - | - |
| Financial debts170/4 | - | €22k | €14k | €6k | - | - |
| Amounts payable within one year42/48 | €18k | €25k | €28k | €31k | €28k | ▼ 9.4% |
| Current portion of amounts payable after more than one year42 | - | €8k | €8k | €8k | €6k | ▼ 32.8% |
| Trade debts44 | €1k | €1k | €813 | €2k | €2k | ▼ 24.2% |
| Suppliers440/4 | - | €1k | €813 | €2k | €2k | ▼ 24.2% |
| Taxes, remuneration and social security45 | - | €11k | €13k | €15k | €18k | ▲ 21.0% |
| Taxes450/3 | - | €11k | €13k | €15k | €18k | ▲ 21.0% |
| Other amounts payable47/48 | - | €5k | €6k | €5k | €2k | ▼ 54.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €2k | €11k | €12k | €12k | ▲ 0.1% |
| + Depreciation and write-downs630 | €4k | €9k | €9k | €10k | €10k | ▲ 2.1% |
| Operating cash flow (approximation) | €10k | €11k | €20k | €22k | €22k | ▲ 1.0% |
| Investment in fixed assets (approximation) | - | €-2k | €-13k | €0 | €-3k | - |
| Change in cash | - | €2k | €2k | €23k | €7k | ▼ 69.6% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €12k ▲0.1%
Operating result €20k, net result €12k, both a record.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Anzegem · 1 establishment unit since 2014
Ground area
703 m²
Building footprint
163 m²
Volume, LiDAR
906 m³
Parcel 34011A0362/00K000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TEEK
since 20142.235.936.409
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34011A0362/00K000 | Flanders | 703 m² | 1 · 163 m² | 7.7 m · 2 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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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 6,997 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-10-2014
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.