Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of TEGARE is 3.4% (moderate). The 2025 annual accounts show equity of €46k and a net result of €21k. Equity is growing by ~130.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 1106 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Signals
2 signals · with evidenceConsistently profitable
Positive net result in the two most recent financial years (2024 and 2025).
View the result trend Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 4 filed financial years, each closing on 30-09. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-09-2025, that is 30-04-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-09-2025 | 30-04-2026 | 09-04-2026 | 21 d early | 2026-00077236 |
| 30-09-2024 | 30-04-2025 | 30-04-2025 | on the day | 2025-00086123 |
| 30-09-2023 | 30-04-2024 | 08-05-2024 | 8 d late | 2024-00085897 |
| 30-09-2022 | 30-04-2023 | 02-05-2023 | 2 d late | 2023-00076471 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone3.4%
Moderate
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Young company
+Annual accounts: healthy financial profile
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€21k+8.7%
Working capital€-64k+16.3%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 09-04-2026 with the NBB · fiscal year 2025 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~130.7%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 15.8% | 25.6% | |
| Net result | €21k | €7k | |
| Equity | €46k | €22k | |
| Gross operating margin | €64k | €63k | |
| Total assets | €292k | €106k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P41
Stable position over 2022-2025
· n=1106-5651
P70
Improving position over 2022-2025
· n=1108-5639
P67
Improving position over 2022-2025
· n=1110-5663
P51
Improving position over 2022-2025
· n=1104-5625
Describes the position versus peers, not a forecast.
€62k
+18.5%
22-25
€21k
+8.7%
22-25
€56k
+17.1%
22-25
€292k
-4.3%
22-25
€46k
+85.1%
22-25
€-64k
+16.3%
22-25
€1k
-
22-25
€246k
-12.3%
22-25
Show 9 other metrics
€95k
-18.9%
22-25
€151k
-7.6%
22-25
0.32
-6.2%
22-25
0.25
-10.4%
22-25
15.8%
+93.5%
22-25
5.32
-52.6%
22-25
46.0%
-41.3%
22-25
7.3%
+13.6%
22-25
12.88
+26.8%
22-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €62k |
| Net profit | €21k |
| Cash flow | €56k |
| Staff costs | - |
| Income taxes | €1k |
| Dividends | - |
| Total assets | €292k |
| Equity | €46k |
| Debt | €246k |
| of which ≤ 1y | €95k |
| of which > 1y | €151k |
| Working capital | €-64k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.32 |
| Quick ratio | 0.25 |
| Working capital ratio | -22.0% |
| Solvency | 15.8% |
| Debt / equity | 5.32 |
| Long-term debt ratio | 3.27 |
| Interest coverage | 12.88 |
| Gross margin | - |
| Net margin | - |
| ROA | 7.3% |
| ROE | 46.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €292k |
| Fixed assets | 21/28 | €260k |
| Formation expenses | 20 | €2k |
| Tangible fixed assets | 22/27 | €260k |
| Current assets | 29/58 | €30k |
| Stocks & contracts in progress | 3 | €7k |
| Amounts receivable within one year | 40/41 | €1k |
| Cash & bank | 54/58 | €20k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €292k |
| Equity | 10/15 | €46k |
| Contributions / capital | 10/11 | €25k |
| Accumulated profits (losses) | 14 | €21k |
| Amounts payable | 17/49 | €246k |
| Amounts payable after one year | 17 | €151k |
| Amounts payable within one year | 42/48 | €95k |
| Trade debts payable within one year | 44 | €5k |
| Income statement | ||
| Gross operating margin | 9900 | €64k |
| Operating result | 9901 | €27k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €5k |
| Result before taxes | 9903 | €23k |
| Income taxes | 67/77 | €1k |
| Net result for the period | 9904 | €21k |
| Result to be appropriated | 9905 | €21k |
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed51
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
1 director2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
MINGELS WannesDirectorState Gazette act 24149039 (17-10-2024)Current12-04-2023 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Cafés en bars(56301) |
| Legal form | Private limited company(610) |
| Incorporation | 29-06-2021 |
| Status | Active |
| Postal code | 8792 |
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationtegare
since 20212.319.936.627
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1,011 m²
Buildings2
Building footprint393 m²
Volume (LiDAR)928 m³
Tallest building9.7 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010A0663/00W002 | Flanders | 512 m² | 1 · 146 m² | 9.7 m · 1 fl. |
| 34010A0535/00E002 | Flanders | 500 m² | 1 · 246 m² | 4.4 m |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 act All acts · 1
updated 1 year ago
2024
17-10-2024 MINGELS Wannes appointed as director
- MINGELS Wannes, Bestuurder
Analysis
Financial profile
5 of 5 axes measured67
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
51
Profitability
100
Solvency
11
Growth
78
Stability
94
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 1,391 of the 13,911 companies in this sector. 1,117 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Activiteiten van eetgelegenheden met volledige bediening56111Cafés en bars56301Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Catering van evenementen56210Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | TEGARE |
Registered office
Dolagestraat 102
8792 Waregem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.