Skip to content

TEGELPROJECT

Active
Private limited company (pre-2019)founded 200521 yrs activeOudenburgsesteenweg 31, 8400 Oostende, BelgiumKBO/BCE: BE 0872.406.914
Summary

TEGELPROJECT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €340,842 and a net result of -€17,458. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 74% of 8593 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
TEGELPROJECTActiveChecked score 92/100
Risk analysis ReportCompare

Overview

Activity
Floor and wall tiling
NACE 43331
1 site
Size
€526,866total assets 2025
Equity
€340,842
Loss
-€17,458
Turnover not published (abridged schema)
Financial health
92 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Accounts on time0 of 3 deeds read
Why 92- 2 of the last 3 late+ Liquidity: current ratio 3.02, cash €446,242+ Equity €340,842 (64.7% of total assets)+ Founded in 2005Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Better than 47% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 90-10
equity 64.7% of total assets
Liquidity 87-7
short-term debt 30.2% · cash 84.7%
Profitability 16+3
return on assets -3.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,004 companies)
Last 18 months 05-2025: 0.1%lowest value 06-2025: 0.1%▲ +11.8% vs 05-2025 07-2025: 0.1%▲ +1.6% vs 06-2025 08-2025: 0.2%▲ +50.4% vs 07-2025 09-2025: 0.2%▲ +14.9% vs 08-2025 10-2025: 0.3%▲ +36.6% vs 09-2025 11-2025: 0.3%▲ +5.8% vs 10-2025highest value 12-2025: 0.3%▼ -2.6% vs 11-2025 01-2026: 0.3%▼ -13.2% vs 12-2025 02-2026: 0.3%● 0.0% vs 01-2026 03-2026: 0.3%▼ -0.8% vs 02-2026 04-2026: 0.3%▼ -1.5% vs 03-2026 05-2026: 0.2%▼ -8.1% vs 04-2026 06-2026: 0.2%▲ +0.4% vs 05-2026 07-2026: 0.2%● 0.0% vs 06-2026 08-2026: 0.1%▼ -53.4% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Liquidity: current ratio 3.02, cash €446,242 lowers the probability
  • 2 of the last 3 late raises the probability
  • Equity €340,842 (64.7% of total assets) lowers the probability
  • Founded in 2005 lowers the probability for this profile
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 3.02 against 5.05 in 2024; short-term debt: 30.2% and cash: 84.7% of total assets), and 35.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 70%, liquidity 85%, profitability 13%, growth against the median 18%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 3.02, cash €446,242
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Equity €340,842 (64.7% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2005
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€17,458
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
92 d late
2023
58 d late
2022
30 d late
2021
59 d late
2020
26 d late
2019
25 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

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. Usually files around 28 September (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Weakest financial yearnet -€32,734

Key points

  • Caution: Among the weakest 12% on net resultsector median €27,675 · 8,587 companies -€17,458 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€17,458 View
  • Total assets 20256 fiscal years filed €526,866 View

By topic

Financials

Fiscal year
2025
Total assets
€526,866
Loss
-€17,458
Solvency
64.7%
Total assets▼ 1.0%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 31-07-2026Annual accounts filed
  2. 31-10-2025Annual accounts filed
  3. 31-12-2024Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Floor and wall tilingNACE 43331
Founded
10-03-2005
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure