TEGEL CONCEPT
ActiveTEGEL CONCEPT has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.36M and a net result of €43k. Equity is growing by ~24% per year across the filed fiscal years. Its solvency ranks better than 54% of 10331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
60
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▲+1
Solvency66▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.8 in 2024; short-term debt: 54% and cash: 3% of total assets), and 58.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
41.2%
Return on assets
1.3%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
6 d early
2023
31 d early
2022
34 d early
2021
9 d early
2020
27 d late
2019
17 d late
← 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.36M▲ 3.3%
2024 · €1.31M
2018: €349k
2019: €369k
2020: €516k
2021: €529k
2022: €818k
2023: €910k
2024: €1.31M
2018 → 2025
Total assets
€3.29M▼ 5.7%
2024 · €3.50M
2018: €3.19M
2019: €3.40M
2020: €3.56M
2021: €3.90M
2022: €3.38M
2023: €2.67M
2024: €3.50M
2018 → 2025
Net result
€43k▼ 46.2%
2024 · €80k
2018: €271
2019: €20k
2020: €147k
2021: €14k
2022: €496k
2023: €92k
2024: €80k
2018 → 2025
Working capital
€-220k▲ 44.7%
2024 · €-399k
2018: €-292k
2019: €-434k
2020: €-507k
2021: €-433k
2022: €371k
2023: €498k
2024: €-399k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€529k-€818k▲ 54.5%€910k▲ 11.3%€1.31M▲ 44.5%€1.36M▲ 3.3%
Operating result€98k-€668k▲ 581%€165k▼ 75.2%€147k▼ 11.2%€101k▼ 31.1%
Net result€14k-€496k▲ 3,496%€92k▼ 81.4%€80k▼ 13.6%€43k▼ 46.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.29M
Fixed assets
€1.74M▼ 9.1%
Current assets
€1.56M▼ 1.7%
Equity and liabilities €3.29M
Equity
€1.36M▲ 3.3%
Debt
€1.94M▼ 11.2%
The debt ratio falls from 62.4% to 58.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€287k▼
2024 · €292k
Cash flow
€229k▲
2024 · €225k
Solvency
41.2%▲
2024 · 37.6%
Current ratio
0.88▲
2024 · 0.80
Quick ratio
0.45▲
2024 · 0.39
Debt / equity
1.43▼
2024 · 1.66
ROE
3.2%▼
2024 · 6.1%
ROA
1.3%▼
2024 · 2.3%
Interest coverage
5.64▲
2024 · 5.31
Debt
€1.94M▼
2024 · €2.18M
Debt ≤ 1 year
€1.78M▼
2024 · €1.98M
Debt > 1 year
€159k▼
2024 · €183k
Income taxes
€48k▼
2024 · €49k
Staff costs
€902k▼
2024 · €917k
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€3.50M€3.29M▼
Fixed assets21/28€1.91M€1.74M▼
Tangible fixed assets22/27€918k€744k▼
Land and buildings22€459k€363k▼
Plant, machinery and equipment23€142k€131k▼
Furniture and vehicles24€64k€42k▼
Other tangible fixed assets26€252k€207k▼
Financial fixed assets28€993k€993k=
Current assets29/58€1.58M€1.56M▼
Stocks and contracts in progress3€814k€759k▼
Stocks30/36€814k€759k▼
Amounts receivable within one year40/41€526k€477k▼
Trade receivables40€449k€331k▼
Other amounts receivable41€76k€147k▲
Cash at bank and in hand54/58€87k€98k▲
Deferred charges and accrued income490/1€159k€225k▲
Equity and liabilities
Total equity and liabilities10/49€3.50M€3.29M▼
Equity10/15€1.31M€1.36M▲
Contributions10/11€268k€268k=
Revaluation surpluses12€325k€325k=
Reserves13€22k€22k=
Distributable reserves133€22k€22k=
Profit (loss) carried forward14€700k€743k▲
Amounts payable17/49€2.18M€1.94M▼
Amounts payable after more than one year17€183k€159k▼
Financial debts170/4€183k€159k▼
Amounts payable within one year42/48€1.98M€1.78M▼
Current portion of amounts payable after more than one year42€212k€207k▼
Financial debts43€500k€500k=
Credit institutions430/8€500k€500k=
Trade debts44€755k€731k▼
Suppliers440/4€755k€731k▼
Advances received on contracts in progress46€320k€129k▼
Taxes, remuneration and social security45€196k€211k▲
Taxes450/3€79k€71k▼
Remuneration and social security454/9€117k€140k▲
Accrued charges and deferred income492/3€14k-
Income statement
Code20242025
Non-recurring operating income76A€874€978▲
Remuneration, social security and pensions62€917k€902k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€145k€186k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-358-
Other operating charges640/8€80k€82k▲
Non-recurring operating charges66A€180€255▲
Gross operating margin9900€1.29M€1.27M▼
Operating profit (loss)9901€147k€101k▼
Financial income75/76B€37k€41k▲
Recurring financial income75€37k€41k▲
Financial charges65/66B€55k€51k▼
Recurring financial charges65€55k€51k▼
Non-recurring financial charges66B-€320
Profit (loss) for the period before taxes9903€129k€91k▼
Income taxes67/77€49k€48k▼
Profit (loss) for the period9904€80k€43k▼
Profit (loss) for the period to be appropriated9905€80k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€700k€743k▲
Profit (loss) brought forward from the previous period14P€620k€700k▲
Social balance
Average headcount (FTE)908713.423.8▲
The notes to these accounts (19 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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €1MEq €1.31M ▲44.5%
7 profitable years in a row build equity to €1.31M.
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €496k ▲3496%
Operating result €668k, net result €496k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Equity above €500kEq €516k ▲39.7%
3 profitable years in a row build equity to €516k.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 17 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
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
6 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, Huldenberg · 4 establishment units since 1999
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.
Onderbosstraat(SAR) 273040 HuldenbergGround area
9,974 m²
Building footprint
3,096 m²
Volume, LiDAR
9,832 m³
5 parcels, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
4 establishment units
TEGEL CONCEPT
since 19992.059.632.474
TEGEL CONCEPT
since 20072.159.073.312
Tegel Discount
since 20092.183.062.105
Tegel Concept
since 20212.326.652.193
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062B0221/00G000 | Flanders | 2,766 m² | - | - |
| 23078A0464/00K000 | Flanders | 2,261 m² | 1 · 1,248 m² | - |
| 23062B0221/00H000 | Flanders | 2,081 m² | 1 · 963 m² | 8.0 m · 2 fl. |
| 24514A0095/00A008 | Flanders | 1,901 m² | 1 · 718 m² | 7.6 m · 2 fl. |
| 24099A0631/00Z000 | Flanders | 965 m² | 1 · 168 m² | 4.2 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 4
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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ETABLISSEMENTS BAUDOUIN DECAMPS
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Of 1,720 companies in sector 47521 we hold annual accounts for 1,288. 895 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-11-1992
Fiscal year end31-12
Activities, NACEBEL
47521Retail sale of hardware, building materials, paint and glass (general range)
47523Retail trade
52461
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
45211
45250
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:02/688.11.40