TEEMA GROUP
ActiveSummary
TEEMA GROUP has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-142k) and a net result of €140k. Equity is shrinking by ~45.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.9 against 0.54 in 2024; short-term debt: 84.7% and cash: 42.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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 2025Solvency, return and age of the figures
Solvency
-95.9%
Return on assets
94.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 9234 sector peers (2025).
NBB · sector comparisonPosition among 9234 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 10 filingsDeviation from the deadline
2025
28 d late
2024
8 d late
2023
61 d late
2022
67 d late
2021
31 d late
2020
31 d late
2019
41 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-142k▲ 49.6%
2024 · €-282k
Total assets
€148k▲ 14.9%
2024 · €129k
Net result
€140k▲ 23.8%
2024 · €113k
Working capital
€-13k▲ 87.7%
2024 · €-106k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€58k€32k▼ 44.1%€23k▼ 27.6%€162k▲ 589%€190k▲ 17.7%
Net result€-513k▼ 1,843%€20k€-542k€113k€140k▲ 23.8%
Equity€127k▼ 80.2%€147k▲ 16.1%€-395k€-282k▲ 28.6%€-142k▲ 49.6%
Total assets€682k▼ 44.8%€676k▼ 0.8%€82k▼ 87.9%€129k▲ 57.1%€148k▲ 14.9%
Debt€556k▼ 6.9%€529k▼ 4.7%€477k▼ 9.9%€411k▼ 13.8%€290k▼ 29.4%
Working capital€-290k▲ 13.6%€-263k▲ 9.3%€-243k▲ 7.5%€-106k▲ 56.3%€-13k▲ 87.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 18% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148k
Fixed assets
€36k ▲ 464%
Current assets
€112k ▼ 8.4%
Key figures and ratios
EBITDA
€194k▲
2024 · €163k
Cash flow
€143k▲
2024 · €114k
Solvency
-95.9%▲
2024 · -218.6%
Current ratio
0.90▲
2024 · 0.54
Debt to equity
-2.04▼
2024 · -1.46
ROA
94.3%▲
2024 · 87.5%
Interest coverage
724.62▲
2024 · 58.01
Debt ≤ 1 year
€125k▼
2024 · €229k
Income taxes
€54k▲
2024 · €46k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2k | - | - | €413 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €5k | €6k | €2k | €3k | ▲ 120% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €79k | €20 | - | - |
| Other operating charges640/8 | €15k | €4k | €3k | €4k | €3k | ▼ 30.4% |
| Non-recurring operating charges66A | - | - | - | €28k | - | - |
| Gross operating margin9900 | €81k | €41k | €111k | €195k | €196k | ▲ 0.8% |
| Operating profit (loss)9901 | €58k | €32k | €23k | €162k | €190k | ▲ 17.7% |
| Financial income75/76B | €103 | €209 | - | €90 | €4k | ▲ 4,474% |
| Recurring financial income75 | €103 | €209 | - | €90 | €272 | ▲ 203% |
| Non-recurring financial income76B | - | - | - | - | €4k | - |
| Financial charges65/66B | €553k | €312 | €558k | €3k | €267 | ▼ 90.5% |
| Recurring financial charges65 | €3k | €312 | €1k | €3k | €267 | ▼ 90.5% |
| Non-recurring financial charges66B | €550k | - | €556k | - | - | - |
| Profit (loss) for the period before taxes9903 | €-495k | €32k | €-534k | €159k | €194k | ▲ 22.2% |
| Income taxes67/77 | €18k | €12k | €8k | €46k | €54k | ▲ 18.1% |
| Profit (loss) for the period9904 | €-513k | €20k | €-542k | €113k | €140k | ▲ 23.8% |
| Profit (loss) for the period to be appropriated9905 | €-513k | €20k | €-542k | €113k | €140k | ▲ 23.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €682k | €676k | €82k | €129k | €148k | ▲ 14.9% |
| Fixed assets21/28 | €598k | €592k | €31k | €6k | €36k | ▲ 464% |
| Tangible fixed assets22/27 | €42k | €36k | €31k | €1k | €31k | ▲ 2,502% |
| Land and buildings22 | €27k | €25k | €23k | - | - | - |
| Plant, machinery and equipment23 | €4k | €3k | €2k | - | - | - |
| Furniture and vehicles24 | €11k | €8k | €5k | €1k | €31k | ▲ 2,502% |
| Financial fixed assets28 | €556k | €556k | - | €5k | €5k | = |
| Current assets29/58 | €84k | €84k | €52k | €123k | €112k | ▼ 8.4% |
| Amounts receivable within one year40/41 | €79k | €82k | €7k | €63k | €49k | ▼ 22.6% |
| Trade receivables40 | €19k | €15k | €7k | €63k | €39k | ▼ 38.2% |
| Other amounts receivable41 | €60k | €67k | - | - | €10k | - |
| Cash at bank and in hand54/58 | €5k | €2k | €45k | €58k | €63k | ▲ 8.7% |
| Deferred charges and accrued income490/1 | - | - | - | €2k | €639 | ▼ 62.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €682k | €676k | €82k | €129k | €148k | ▲ 14.9% |
| Equity10/15 | €127k | €147k | €-395k | €-282k | €-142k | ▲ 49.6% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €65k | €85k | €53k | €53k | €53k | = |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €58k | €79k | €47k | €47k | €47k | = |
| Profit (loss) carried forward14 | - | - | €-510k | €-397k | €-257k | ▲ 35.2% |
| Amounts payable17/49 | €556k | €529k | €477k | €411k | €290k | ▼ 29.4% |
| Amounts payable within one year42/48 | €374k | €347k | €295k | €229k | €125k | ▼ 45.2% |
| Trade debts44 | €16k | €1k | €5k | €17k | €2k | ▼ 86.9% |
| Suppliers440/4 | €16k | €1k | €5k | €17k | €2k | ▼ 86.9% |
| Advances received on contracts in progress46 | €8k | - | - | €24k | - | - |
| Taxes, remuneration and social security45 | €19k | €33k | €26k | €56k | €116k | ▲ 107% |
| Taxes450/3 | €19k | €33k | €26k | €56k | €116k | ▲ 107% |
| Other amounts payable47/48 | €331k | €313k | €264k | €133k | €8k | ▼ 94.2% |
| Accrued charges and deferred income492/3 | €182k | €182k | €182k | €182k | €165k | ▼ 9.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-513k | €20k | €-542k | €113k | €140k | ▲ 23.8% |
| + Depreciation and write-downs630 | €8k | €5k | €6k | €2k | €3k | ▲ 120% |
| Operating cash flow (approximation) | €-504k | €25k | €-536k | €114k | €143k | ▲ 25.1% |
| Investment in fixed assets (approximation) | - | €1k | €556k | €23k | €-33k | ▼ 245% |
| Change in cash | - | €-3k | €43k | €13k | €5k | ▼ 61.9% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Back to profitnet €113k
Net result €113k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-542k
Net result drops to €-542k, the lowest in the series; recovery starts the following year.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Antwerpen · 1 establishment unit since 2003
Ground area
570 m²
Building footprint
539 m²
Volume, LiDAR
11,394 m³
Parcel 11002A1578/00N002, Flanders · tallest building 27.2 m, ±8 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
tEEMA gROUP nv
since 20032.133.815.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11002A1578/00N002 | Flanders | 570 m² | 1 · 539 m² | 27.2 m · 8 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.
Similar companies · same sector, comparable size
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CELVIZIA INVEST
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Of 9,698 companies in sector 68121 we hold annual accounts for 7,384. 5,347 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-09-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
41001General construction of residential buildings
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.