Result
€10,396 ▼ 94.6%
The result fell in 2025: 15-month financial year.
TEGELHAL
Overview
Lifetime
2 annual accounts with figures on one time axispeak €278,653 (2024)
€78,851▼ 71.7%
peak €191,461 (2024)
€10,396▼ 94.6%
peak €221,857 (2025)
€221,857▲ 4.9%
€200,305▼ 19.1%
Board1 name since 2023
1 directorKEMALDAR Soner
Documentsfilings and deeds
18-06-202643 days before the deadline
2025micro format
Gross margin from €278,653 to €78,851Result from €191,461 to €10,396Power of attorney: Annelies Op ‘t eynde 15-07Debts from €247,621 to €200,305Cash from €17,500 to €8,010
Key points
from the 2025 annual accountsTurnover
≈ €420,000 estimated
The micro format states no turnover.
Investments
€122,240 5.3 × depreciation
Green is investment, beige is depreciation.
Checked score
68
Healthy
Financially stronger than 48% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.1%
01-2025: 2.4%▲ +0.3 percentage points vs 12-2024
02-2025: 2.4%● unchanged vs 01-2025
03-2025: 2.6%▲ +0.2 percentage points vs 02-2025
04-2025: 2.7%▲ +0.1 percentage points vs 03-2025highest value
05-2025: 0.8%▼ -1.9 percentage points vs 04-2025
06-2025: 0.8%● unchanged vs 05-2025lowest value
07-2025: 0.8%● unchanged vs 06-2025
08-2025: 0.8%● unchanged vs 07-2025
09-2025: 0.8%● unchanged vs 08-2025
10-2025: 0.8%● unchanged vs 09-2025
11-2025: 0.8%● unchanged vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.9%▲ +0.1 percentage points vs 01-2026
03-2026: 0.8%▼ -0.1 percentage points vs 02-2026
04-2026: 0.9%▲ +0.1 percentage points vs 03-2026
05-2026: 1.1%▲ +0.2 percentage points vs 04-2026
06-2026: 1.3%▲ +0.2 percentage points vs 05-2026
07-2026: 0.8%▼ -0.5 percentage points vs 06-2026
08-2026: 0.8%● unchanged vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Founded in 2023
Liquidity: current ratio 1.61, cash €8,010, halved
lowers risk
Size: total assets €422,162
Figures for financial year 2025 (filed on 18-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 60% of them on solvency, 26% on liquidity and 57% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,546 companies had the same profile as TEGELHAL has now. Each dot stands for 7 companies, two years later.
94.2%
were still trading
3.2%
stopped another way
2.3%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TEGELHAL itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,546 companies, not a prediction for TEGELHAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €15,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.61 (1.85 in 2024), above the usual 1.5. Short-term debt is 47.4% and cash 1.9% of total assets. 47.4% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 18-06-2026, 43 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
43 days early
2024
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 29 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0804576002
Incorporation
Founding capital of €20,000, 100 shares · Founder: KEMALDAR Soner (partner and founder) · Appointment: KEMALDAR Soner (director) · published on 08-08-2023 · Gazette deed
First establishment
Zandstraat 7, Maasmechelen
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TEGELHAL Maasmechelen | €422,162 | €78,851 | 52.6% | - |
| Carrelages Modernes L’HOIR Entreprises Manage | €690,982 | €142,765 | 21.6% | - |
| Studiostone Kortrijk | €206,957 | €77,837 | 31.2% | - |
| KAP CARRELAGES QUAREGNON Quaregnon | €682,353 | €155,040 | 8.5% | 1.6 |
| AMBIANCE CARRELAGE Charleroi | €647,602 | €105,841 | 2.6% | 2 |
| BREESE TEGEL CENTRALE Bree | €616,010 | €225,176 | 19.2% | 3 |
| Chacasa Brasschaat | €317,686 | €29,704 | 10.1% | - |
These companies have the same main activity as TEGELHAL: wholesale trade (NACE 46835). They are comparable in size and age: total assets between €207,000 and €691,000, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 04-08-2023Normal situation
- Activity
- Wholesale tradeNACE 46835and 2 others
- Establishment unit
- 2.348.618.3393630 Maasmechelen, since 04-08-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2024
Annual accounts 2025
- €78,851
- €10,396
- €221,857
- €422,162
- Filing
- Filed on 18-06-2026, 43 days before the end of the filing period
Insights on TEGELHAL
TEGELHAL has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221,857 and a net result of €10,396.
Its solvency ranks better than 60% of 13,800 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 18-06-2026, 43 days before the deadline€78,851
▼ 71.7%
€8,788
▼ 96.6%
€10,396
▼ 94.6%
€122,760
▼ 41.9%
52.6%
▲ 6.5 percentage points
1.61
▼ 0.24
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €420,000. Estimated: probably between €210,000 and €740,000.
Balance sheet
balance sheet total €422,162 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
52.6%
Higher than 60% of 13,800 companies in 2025.
1.61
Higher than 50% of 13,181 companies in 2025.
2.5%
Higher than 46% of 13,360 companies in 2025.
TEGELHAL
Middle half of the sector
80% of the sector
Micro accounts in wholesale trade (NACE 46)
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
422,162 | 459,082 | |
21/28 |
99,096 | - | |
22/27 |
99,096 | - | |
22 |
32,374 | - | |
23 |
2,625 | - | |
24 |
64,098 | - | |
29/58 |
323,065 | 459,082 | |
3 |
183,502 | 229,860 | |
30/36 |
183,502 | 229,860 | |
40/41 |
131,554 | 211,721 | |
40 |
84,381 | 211,393 | |
41 |
47,172 | 328 | |
54/58 |
8,010 | 17,500 | |
| Balance sheet: equity and liabilities | |||
10/49 |
422,162 | 459,082 | |
10/15 |
221,857 | 211,461 | |
10/11 |
20,000 | 20,000 | |
14 |
201,857 | 191,461 | |
17/49 |
200,305 | 247,621 | |
42/48 |
200,305 | 247,621 | |
44 |
176,953 | 160,951 | |
440/4 |
176,953 | 160,951 | |
45 |
23,352 | 85,322 | |
450/3 |
22,620 | 83,482 | |
454/9 |
731 | 1,840 | |
47/48 |
- | 1,348 | |
| Income statement | |||
9900 |
78,851 | 278,653 | |
62 |
45,711 | 14,795 | |
630 |
23,144 | - | |
631/4 |
-968 | 4,561 | |
640/8 |
2,177 | - | |
9901 |
8,788 | 259,297 | |
75/76B |
8,651 | 207 | |
75 |
8,651 | 207 | |
65/66B |
3,578 | 3,959 | |
65 |
3,578 | 3,959 | |
9903 |
13,861 | 255,546 | |
67/77 |
3,465 | 64,084 | |
9904 |
10,396 | 191,461 | |
9905 |
10,396 | 191,461 | |
| Appropriation of the result | |||
9906 |
201,857 | 191,461 | |
14P |
191,461 | - | |
| Document | |||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 18-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 31,931 | - | ||
| 33,539 | - | ||
| 122,240 | - | ||
| -9,491 | - | ||
| 122,760 | 211,461 | ||
| 52.6% | 46.1% | ||
| 1.61 | 1.85 | ||
| 0.70 | 0.93 | ||
| 0.90 | 1.17 | ||
| 4.7% | 90.5% | ||
| 2.5% | 41.7% | ||
| 8.93 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 30-09-2024 |
|---|---|---|
| Tangible fixed assets | €122,240 | - |
| €23,144 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
Insights on TEGELHAL
The operating result for 2025 is 97% lower than in 2024.
Debt's share of the balance-sheet total falls from 53.9% to 47.4%. Equity is higher and debt is lower.
Large changes and their cause
- 2025 Net result -95% on 2024. This financial year ran 15 months.
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 08-08-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 18-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 08-08-2023
Mandates through the years
1 name, the dashed line is todayKEMALDAR Soner
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- KEMALDAR Soner
- Director (not named in the articles), appointed by deed of 08-08-2023, still in office
Control
Capital
- Contribution
- €20,000
- Shares
- 100
- Contribution per share
- €200
- Equity per share
- €2,219 in 2025
- Source
- deed of 08-08-2023
Articles of association
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 08-08-2023 (in Dutch)
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director1 directordeed of 08-08-2023 (in Dutch)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 20:00deed of 15-07-2025 (in Dutch)
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditordeed of 08-08-2023 (in Dutch)
Founder
At incorporation
deed of 08-08-2023 ↗
- KEMALDAR Soner sole founder · 100% at incorporation
Network & group
No group
TEGELHAL has no parent and no holdings in its annual accounts. KEMALDAR Soner is the only director. TEGELHAL shares no director with another company.
Timeline
Timeline
6 events since 2023Filings
Establishments
Other
2023202420252026
2026
Annual accounts 2025 filed NBBmicro format · 43 days before the deadline
2025
Power of attorney: Annelies Op ‘t eyndeGeneral meeting of 26-06-20252 points ▸
- General meeting, 26-06-2025
- Power of attorney, Annelies Op ‘t eynde
- The deed holds 1 more point.
Annual accounts 2024 filed PDFmicro format · 15 days before the deadline
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:0804576002
2023
IncorporationFounding capital of €20,000, 100 shares · Founder: KEMALDAR Soner (partner and founder) · Appointment: KEMALDAR Soner (director) · published on 08-08-20234 points ▸
- Founder, KEMALDAR Soner (partner and founder)
- Founding capital, €20,000, 100 shares
- Director appointment, KEMALDAR Soner (director (not named in the articles))
- Permanent representative, KEMALDAR Soner
- The deed holds 2 more points.
First establishment Zandstraat 7, Maasmechelen
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 4 August 2023, TEGELHAL was incorporated as a private limited company by one natural person, with a starting capital of €20,000.12 KEMALDAR Soner is director of the company, appointed by deed of 08-08-2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0804.576.002
- VAT number
- BE 0804.576.002
- Peppol ID
- 0208:0804576002
- Other Peppol ID
- 9925:BE0804576002
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 04-08-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Thursday of June at 20:00deed of 15-07-2025 (in Dutch)
- Peppol
- Reachable since 12-12-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TEGELHAL in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 08-08-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”“Zandstraat 7/1, 3630 Maasmechelen”deed of 08-08-2023 (in Dutch)
Activities
NACEBEL 2025VAT activities
46835
Wholesale trade main activity
43331
Floor and wall tiling
Social security (RSZ) activities
46835
Wholesale trade main activity
Codes under NACEBEL 2008
VAT activities
46735
Wholesale trade main activity
43331
Floor and wall tiling
47521
Retail trade
Social security (RSZ) activities
46735
Wholesale trade main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Klein en groothandel in vloeren,dit in de meest ruime zin; Klein en groothandel van bouwmateriaal,in de meest ruime zin; Klein en…”deed of 08-08-2023 (in Dutch)
42 activities
- Klein en groothandel in vloeren,dit in de meest ruime zin
- Klein en groothandel van bouwmateriaal,in de meest ruime zin
- Klein en groothandel van goederen,materiaal,in de meest ruime zin
- Het uitbaten van een winkel,in de meest ruime zin
- Doe het zelf zaak in de meest ruime zin
- Bouwfirma in de meest ruime zin
- Het aanstellen en coordineren van onderaannemers in de meest ruime zin
- Isolatiewerken
- Renovatiewerken in de meest ruime
- Bouw in de meest ruime zin
- Gyprocwerken in de meest ruime zin
- Algemene elektriciteit
- Schilderwerken
- Vloerder in de meest ruime zin
- Sanitair werken in de meest ruime zin
- Klusjeswerken in de meest ruime zin
- Industriebouw in de meest ruime zin
- Dak en gevelbekleding
- Staalbouw,montage van stalen in de meest ruime zin
- Overige werkzaamheden in de bouw in de meest ruime zin
- Het uitvoeren van schilderwerken in de meest ruime zin
- Schilderen van huizen,kantoren,gebouwen,enzovoort in de meest ruime zin
- Schilderbedrijf in de meest ruime zin
- Het uitvoeren van dakwerken in de meest ruime zin
- Aankoop en verkoop van bouwmateriaal in de meest ruime zin
- Projectbouw van residentiele woningen,van kantoorruimtes en van industriële gebouwen
- Het coördineren van bouwwerkzaamheden
- Het kopen,bouwen en verbouwen,verkopen van onroerend goed in de meest ruime zin
- Import en export van materiaal in de meest ruime zin
- Aankoop,verkoop en levering en plaatsing van goederen in de meest ruime zin
- Het uitvoeren van tegelwerken in de meest ruime zin
- Pakketwerk in de meest ruime zin
- Dienstverlening in de meest ruime zin
- Schoonmaak werk in de meest ruime zin
- Coördinatie van bouwwerken in de meest ruime zin
- Het verhuren van personeel in de meest ruime zin
- Aankoop en verkoop van handelsgoederen,in de meest ruime zin
- Plaatsen van vloer- en wandtegels
- Het optrekken van de ruwbouw van gebouwen
- Het leiden van belangrijke herstellingswerkzaamheden aan gebouwen
- Onderneming voor het uitvoeren van aannemingswerken,ruwbouw,voegwerken,dakwerken,schrijnwerk,tegelwerk,leggen van chapes,elektriciteitswerken,funderingen,grondwerken,isolatiewerken,slopingswerken,het uitvoeren van metaalconstructies,openhaarden,sierschouwen en overige binnen- en buiten afwerking bij bouwen
- Het inrichten,organiseren en promotie voeren van:eetmalen,feesten,conferenties met inbegrip van de verhuring van conferentiematerialen van alle aard in de meest ruime zin van het woord;tentoonstellingen,vertoningen en seminaries;vertoningen,concerten en tentoonstellingen;culturele manifestaties
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Zandstraat 7 registered office 3630 Maasmechelen | 04-08-2023 | 2.348.618.339 |
Buildings and parcels at the address
- Ground area
- 330 m²
- Buildings
- 94 m²
- Volume, LiDAR
- 742 m³
- Tallest building
- 10.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73048C0474/00X000 | 330 m² | 1 · 94 m² | 10.8 m · 3 |
Contact
E-mail
info@tegelhal.be
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0804.576.002