TEGEC
ActiveSummary
TEGEC has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €5.01M and a net result of €2.84M. Equity is growing by ~24.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+3
Solvency52▲+5
Growth85▲+3
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €280k at 30 days acceptable
Liquidity short (current ratio 0.98 against 0.95 in 2023; short-term debt: 67.6% and cash: 3% of total assets), and 73.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
26.6%
Return on assets
15.1%
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 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
64 d early
2022
41 d early
2021
76 d early
2020
32 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, unclassified schema
Turnover
€54.41M▲ 49.6%
2023 · €36.38M
EBIT margin
6.3%▲ 0.8pp
2023 · 5.5%
Net result
€2.84M▲ 50.2%
2023 · €1.89M
Working capital
€-277k▲ 52.1%
2023 · €-579k
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
Line20202021202220232024
Turnover€24.46M▲ 14.6%€23.72M▼ 3.0%€34.77M▲ 46.6%€36.38M▲ 4.6%€54.41M▲ 49.6%
Operating result€429k▼ 56.1%€1.76M▲ 311%€1.99M▲ 12.9%€1.99M=€3.40M▲ 70.8%
Net result€288k▼ 57.9%€1.46M▲ 408%€1.71M▲ 16.9%€1.89M▲ 10.5%€2.84M▲ 50.2%
EBIT margin1.8%▼ 2.8pp7.4%▲ 5.7pp5.7%▼ 1.7pp5.5%▼ 0.3pp6.3%▲ 0.8pp
Equity€1.85M▲ 10.3%€2.34M▲ 26.7%€2.92M▲ 24.7%€3.56M▲ 21.9%€5.01M▲ 40.5%
Total assets€11.69M▼ 18.9%€12.18M▲ 4.2%€14.99M▲ 23.1%€16.44M▲ 9.7%€18.80M▲ 14.3%
Debt€9.82M▼ 22.7%€9.82M=€12.06M▲ 22.8%€12.88M▲ 6.8%€13.79M▲ 7.1%
Working capital€84k€236k▲ 182%€-380k€-579k▼ 52.2%€-277k▲ 52.1%
Staff (FTE)124.2▼ 2.4%130.8▲ 5.3%135.3▲ 3.4%151.4▲ 11.9%165.4▲ 9.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 71% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €18.80M
Fixed assets
€6.38M ▲ 18.1%
Current assets
€12.42M ▲ 12.5%
Equity and liabilities €18.80M
Equity
€5.01M ▲ 40.5%
Provisions
€8k ▲ 185%
Debt
€13.79M ▲ 7.1%
Debt's share of the balance-sheet total falls from 78.3% to 73.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5.09M▲
2023 · €3.58M
Cash flow
€4.53M▲
2023 · €3.48M
Current ratio
0.98▲
2023 · 0.95
Quick ratio
0.93▲
2023 · 0.64
Debt to equity
2.75▼
2023 · 3.61
ROE
56.8%▲
2023 · 53.1%
ROA
15.1%▲
2023 · 11.5%
Interest coverage
180.79▲
2023 · 87.39
Debt ≤ 1 year
€12.70M▲
2023 · €11.62M
Debt > 1 year
€935k▼
2023 · €1.21M
Income taxes
€577k▲
2023 · €295k
Staff costs
€9.16M▲
2023 · €8.66M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €25.15M | €33.93M | €39.99M | €52.69M | ▲ 31.7% |
| Turnover70 | €24.46M | €23.72M | €34.77M | €36.38M | €54.41M | ▲ 49.6% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €438k | €-1.73M | €2.39M | €-2.76M | ▼ 216% |
| Other operating income74 | - | €910k | €857k | €1.18M | €973k | ▼ 17.8% |
| Non-recurring operating income76A | - | €84k | €35k | €40k | €66k | ▲ 64.1% |
| Operating charges60/66A | - | €23.39M | €31.94M | €38.00M | €49.28M | ▲ 29.7% |
| Goods for resale, raw materials and consumables60 | - | €10.58M | €16.35M | €21.39M | €29.56M | ▲ 38.2% |
| Purchases600/8 | - | €10.60M | €16.37M | €21.55M | €29.34M | ▲ 36.2% |
| Change in stocks: decrease (increase)609 | - | €-26k | €-23k | €-161k | €216k | ▲ 234% |
| Services and other goods61 | - | €4.52M | €6.69M | €6.09M | €8.80M | ▲ 44.5% |
| Remuneration, social security and pensions62 | - | €6.43M | €7.19M | €8.66M | €9.16M | ▲ 5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.57M | €1.66M | €1.56M | €1.59M | €1.69M | ▲ 6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €142k | - | - | - | - |
| Other operating charges640/8 | - | €49k | €55k | €47k | €56k | ▲ 19.0% |
| Non-recurring operating charges66A | - | €5k | €96k | €234k | €29k | ▼ 87.6% |
| Operating profit (loss)9901 | €429k | €1.76M | €1.99M | €1.99M | €3.40M | ▲ 70.8% |
| Financial income75/76B | - | €240 | €29k | €229k | €99k | ▼ 56.6% |
| Recurring financial income75 | €41k | €240 | €29k | €229k | €99k | ▼ 56.6% |
| Income from financial fixed assets750 | - | €0 | - | €8 | €29 | ▲ 252% |
| Income from current assets751 | - | - | - | - | €87k | - |
| Other financial income752/9 | - | €240 | €29k | €229k | €13k | ▼ 94.5% |
| Financial charges65/66B | - | €65k | €49k | €41k | €78k | ▲ 89.8% |
| Recurring financial charges65 | €63k | €65k | €49k | €41k | €33k | ▼ 20.2% |
| Debt charges650 | €63k | €65k | €48k | €41k | €28k | ▼ 31.2% |
| Other financial charges652/9 | - | €31 | €989 | - | €5k | - |
| Non-recurring financial charges66B | - | - | - | - | €45k | - |
| Profit (loss) for the period before taxes9903 | €407k | €1.70M | €1.97M | €2.18M | €3.42M | ▲ 57.1% |
| Transfer from deferred taxes780 | - | €7k | €8k | €7k | €2k | ▼ 77.4% |
| Transfer to deferred taxes680 | - | - | €5k | - | €7k | - |
| Income taxes67/77 | €125k | €242k | €264k | €295k | €577k | ▲ 95.5% |
| Taxes670/3 | - | €242k | €264k | €295k | €577k | ▲ 95.5% |
| Profit (loss) for the period9904 | €288k | €1.46M | €1.71M | €1.89M | €2.84M | ▲ 50.2% |
| Transfer from tax-exempt reserves789 | - | €36k | €24k | €20k | €5k | ▼ 77.4% |
| Transfer to tax-exempt reserves689 | - | - | €17k | - | €20k | - |
| Profit (loss) for the period to be appropriated9905 | €299k | €1.50M | €1.72M | €1.91M | €2.83M | ▲ 47.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €11.69M | €12.18M | €14.99M | €16.44M | €18.80M | ▲ 14.3% |
| Fixed assets21/28 | €5.43M | €5.25M | €5.32M | €5.40M | €6.38M | ▲ 18.1% |
| Intangible fixed assets21 | €81k | €43k | €35k | €28k | €22k | ▼ 22.7% |
| Tangible fixed assets22/27 | €4.85M | €4.67M | €4.73M | €4.41M | €5.16M | ▲ 17.0% |
| Land and buildings22 | - | €1.81M | €1.76M | €1.65M | €1.53M | ▼ 7.3% |
| Plant, machinery and equipment23 | - | €127k | €908k | €1.12M | €2.06M | ▲ 83.7% |
| Furniture and vehicles24 | - | €410k | €812k | €1.11M | €1.41M | ▲ 27.9% |
| Leasing and similar rights25 | - | €2.32M | €1.25M | €533k | €156k | ▼ 70.8% |
| Financial fixed assets28 | €501k | €536k | €561k | €958k | €1.19M | ▲ 24.3% |
| Affiliated companies280/1 | - | - | - | €300k | €572k | ▲ 90.7% |
| Participating interests280 | - | - | - | €300k | €572k | ▲ 90.7% |
| Other financial fixed assets284/8 | - | €536k | €561k | €658k | €619k | ▼ 5.9% |
| Shares284 | - | €57k | €64k | €67k | €22k | ▼ 67.0% |
| Amounts receivable and cash guarantees285/8 | - | €479k | €496k | €590k | €596k | ▲ 1.0% |
| Current assets29/58 | €6.26M | €6.93M | €9.67M | €11.05M | €12.42M | ▲ 12.5% |
| Amounts receivable after more than one year29 | - | - | - | - | €4.64M | - |
| Other amounts receivable291 | - | - | - | - | €4.64M | - |
| Stocks and contracts in progress3 | €198k | €2.77M | €1.06M | €3.61M | €577k | ▼ 84.0% |
| Stocks30/36 | - | €223k | €246k | €407k | €191k | ▼ 53.0% |
| Raw materials and consumables30/31 | - | €145k | €191k | €225k | €93k | ▼ 58.8% |
| Goods purchased for resale34 | - | €78k | €55k | €181k | €98k | ▼ 45.9% |
| Contracts in progress37 | - | €2.55M | €817k | €3.20M | €386k | ▼ 87.9% |
| Amounts receivable within one year40/41 | €2.46M | €3.02M | €7.88M | €6.07M | €4.14M | ▼ 31.7% |
| Trade receivables40 | - | €2.27M | €6.76M | €4.78M | €3.14M | ▼ 34.2% |
| Other amounts receivable41 | - | €743k | €1.13M | €1.29M | €998k | ▼ 22.7% |
| Current investments50/53 | - | - | - | €700k | €2.40M | ▲ 243% |
| Other investments51/53 | - | - | - | €700k | €2.40M | ▲ 243% |
| Cash at bank and in hand54/58 | €1.46M | €1.07M | €687k | €437k | €564k | ▲ 29.0% |
| Deferred charges and accrued income490/1 | - | €73k | €35k | €230k | €99k | ▼ 56.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €11.69M | €12.18M | €14.99M | €16.44M | €18.80M | ▲ 14.3% |
| Equity10/15 | €1.85M | €2.34M | €2.92M | €3.56M | €5.01M | ▲ 40.5% |
| Contributions10/11 | - | €320k | €320k | €320k | €320k | = |
| Reserves13 | €494k | €458k | €450k | €430k | €445k | ▲ 3.5% |
| Non-distributable reserves130/1 | - | €32k | €32k | €32k | €32k | = |
| Reserves not available under the articles1311 | - | €32k | €32k | €32k | €32k | = |
| Tax-exempt reserves132 | - | €183k | €175k | €155k | €170k | ▲ 9.7% |
| Distributable reserves133 | - | €243k | €243k | €243k | €243k | = |
| Profit (loss) carried forward14 | €1.04M | €1.57M | €2.15M | €2.81M | €4.24M | ▲ 50.7% |
| Provisions and deferred taxes16 | €20k | €13k | €9k | €3k | €8k | ▲ 185% |
| Deferred taxes168 | - | €13k | €9k | €3k | €8k | ▲ 185% |
| Amounts payable17/49 | €9.82M | €9.82M | €12.06M | €12.88M | €13.79M | ▲ 7.1% |
| Amounts payable after more than one year17 | €3.60M | €3.08M | €1.95M | €1.21M | €935k | ▼ 22.5% |
| Financial debts170/4 | - | €3.08M | €1.95M | €1.21M | €935k | ▼ 22.5% |
| Leasing and similar obligations172 | - | €1.61M | €723k | €177k | €25k | ▼ 86.0% |
| Credit institutions173 | - | €1.47M | €1.23M | €1.03M | €911k | ▼ 11.6% |
| Amounts payable within one year42/48 | €6.17M | €6.69M | €10.05M | €11.62M | €12.70M | ▲ 9.3% |
| Current portion of amounts payable after more than one year42 | - | €1.61M | €1.09M | €742k | €272k | ▼ 63.4% |
| Financial debts43 | - | €155 | - | €0 | - | - |
| Credit institutions430/8 | - | €155 | - | €0 | - | - |
| Trade debts44 | €3.34M | €3.64M | €7.31M | €9.04M | €10.22M | ▲ 13.1% |
| Suppliers440/4 | - | €3.64M | €7.31M | €9.04M | €10.22M | ▲ 13.1% |
| Taxes, remuneration and social security45 | - | €471k | €513k | €591k | €803k | ▲ 35.8% |
| Taxes450/3 | - | €2k | €2k | €4k | €176k | ▲ 4,370% |
| Remuneration and social security454/9 | - | €469k | €511k | €587k | €626k | ▲ 6.7% |
| Other amounts payable47/48 | - | €975k | €1.13M | €1.25M | €1.40M | ▲ 12.1% |
| Accrued charges and deferred income492/3 | - | €53k | €61k | €47k | €150k | ▲ 218% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €288k | €1.46M | €1.71M | €1.89M | €2.84M | ▲ 50.2% |
| + Depreciation and write-downs630 | €1.57M | €1.66M | €1.56M | €1.59M | €1.69M | ▲ 6.4% |
| Operating cash flow (approximation) | €1.86M | €3.13M | €3.27M | €3.48M | €4.53M | ▲ 30.3% |
| Investment in fixed assets (approximation) | - | €-1.48M | €-1.64M | €-1.66M | €-2.66M | ▼ 60.4% |
| Change in cash | - | €-392k | €-381k | €-251k | €127k | ▲ 151% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Highest result since 2018net €2.84M ▲50.2%
Operating result €3.40M, net result €2.84M, both a record.
31-12
Financial
Equity above €5MEq €5.01M ▲40.5%
7 profitable years in a row build equity to €5.01M.
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema
2021
31-12
Financial
Equity above €2MEq €2.34M ▲26.7%
4 profitable years in a row build equity to €2.34M.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-12
Financial
Weakest financial yearnet €288k ▼57.9%
Net result drops to €288k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Ans · 1 establishment unit since 1999
Ground area
3,984 m²
Building footprint
1,495 m²
Volume, LiDAR
9,922 m³
Parcel 62001B0294/00A004, Wallonia · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
24
companies at this address
See who is registered here
1 establishment unit
Avenue de l'Expansion 11, 4432 Ans
since 19992.090.362.074
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0294/00A004 | Wallonia | 3,984 m² | 1 · 1,495 m² | 10.2 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.
Recognitions · licences · registrations
Recognised contractor
13 categoriesTEGEC SRL#10382
TEGEC SRL37333
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,199. 1,747 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
Founded14-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
42211Civil engineering
49410Freight transport by road
Scores and ratios are computed by Checked and are not a credit decision.