TEGMEN
ActiveSummary
TEGMEN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24,466 and a net result of €6,020. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 4695 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+93
Solvency100▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 4.54 against 3.35 in 2024; short-term debt: 22% and cash: 72.2% of total assets), and 22% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four 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 2025Solvency, return and age of the figures
Solvency
78%
Return on assets
19.2%
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
50 d early
2023
48 d early
2022
61 d early
2021
54 d early
2020
54 d early
2019
53 d early
← 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 54 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence 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 What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6,020
2024 · -€4,724
Working capital
€24,466▲ 35.3%
2024 · €18,081
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
Line20212022202320242025
Operating result€1,988▼ 81.7%€454▼ 77.2%-€3,613-€4,315▼ 19.4%€6,226
Net result€1,179▼ 85.2%-€292-€4,117▼ 1,310%-€4,724▼ 14.7%€6,020
Equity€27,553▲ 4.5%€27,261▼ 1.1%€23,170▼ 15.0%€18,446▼ 20.4%€24,466▲ 32.6%
Total assets€64,922▲ 5.2%€49,766▼ 23.3%€36,243▼ 27.2%€26,142▼ 27.9%€31,382▲ 20.0%
Debt€37,369▲ 5.7%€22,505▼ 39.8%€13,073▼ 41.9%€7,696▼ 41.1%€6,916▼ 10.1%
Working capital€22,027▲ 11.6%€23,482▲ 6.6%€23,057▼ 1.8%€18,081▼ 21.6%€24,466▲ 35.3%
Staff (FTE)1
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6,226 after a loss of €4,315 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €31,382
Equity
€24,466 ▲ 32.6%
Debt
€6,916 ▼ 10.1%
Debt's share of the balance-sheet total falls from 29.4% to 22.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,591▲
2024 · -€3,313
Cash flow
€6,385▲
2024 · -€3,722
Current ratio
4.54▲
2024 · 3.35
Debt to equity
0.28▼
2024 · 0.42
ROE
24.6%▲
2024 · -25.6%
ROA
19.2%▲
2024 · -18.1%
Interest coverage
32.00▲
2024 · -7.74
Debt ≤ 1 year
€6,916▼
2024 · €7,696
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,672 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €24,647 | €30,772 | €30,293 | €487 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,097 | €7,637 | €4,621 | €1,002 | €365 | ▼ 63.6% |
| Other operating charges640/8 | €717 | €1,011 | €590 | €909 | €1,277 | ▲ 40.5% |
| Non-recurring operating charges66A | €1,080 | - | - | - | - | - |
| Gross operating margin9900 | €35,529 | €39,874 | €31,891 | -€1,917 | €7,868 | ▲ 510% |
| Operating profit (loss)9901 | €1,988 | €454 | -€3,613 | -€4,315 | €6,226 | ▲ 244% |
| Financial income75/76B | - | €3 | - | €45 | - | - |
| Recurring financial income75 | - | €3 | - | €45 | - | - |
| Financial charges65/66B | €440 | €723 | €504 | €428 | €206 | ▼ 51.9% |
| Recurring financial charges65 | €440 | €723 | €504 | €428 | €206 | ▼ 51.9% |
| Profit (loss) for the period before taxes9903 | €1,548 | -€266 | -€4,117 | -€4,698 | €6,020 | ▲ 228% |
| Income taxes67/77 | €369 | €26 | - | €26 | - | - |
| Profit (loss) for the period9904 | €1,179 | -€292 | -€4,117 | -€4,724 | €6,020 | ▲ 227% |
| Profit (loss) for the period to be appropriated9905 | €1,179 | -€292 | -€4,117 | -€4,724 | €6,020 | ▲ 227% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €64,922 | €49,766 | €36,243 | €26,142 | €31,382 | ▲ 20.0% |
| Fixed assets21/28 | €12,289 | €5,988 | €1,367 | €365 | - | - |
| Tangible fixed assets22/27 | €12,289 | €5,988 | €1,367 | €365 | - | - |
| Furniture and vehicles24 | €12,289 | €5,988 | €1,367 | €365 | - | - |
| Current assets29/58 | €52,633 | €43,778 | €34,876 | €25,777 | €31,382 | ▲ 21.7% |
| Amounts receivable within one year40/41 | €25,700 | €15,035 | €2,983 | €6,426 | €8,710 | ▲ 35.5% |
| Trade receivables40 | €25,700 | €14,061 | €1,983 | €6,426 | €8,710 | ▲ 35.5% |
| Other amounts receivable41 | - | €974 | €1,000 | - | - | - |
| Cash at bank and in hand54/58 | €25,975 | €28,253 | €31,803 | €19,122 | €22,672 | ▲ 18.6% |
| Deferred charges and accrued income490/1 | €958 | €490 | €90 | €229 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €64,922 | €49,766 | €36,243 | €26,142 | €31,382 | ▲ 20.0% |
| Equity10/15 | €27,553 | €27,261 | €23,170 | €18,446 | €24,466 | ▲ 32.6% |
| Contributions10/11 | €17,750 | €17,750 | €17,750 | €17,750 | €17,750 | = |
| Reserves13 | €121 | €121 | €121 | €121 | €121 | = |
| Non-distributable reserves130/1 | €121 | €121 | €121 | €121 | €121 | = |
| Reserves not available under the articles1311 | €121 | €121 | €121 | €121 | €121 | = |
| Profit (loss) carried forward14 | €9,682 | €9,390 | €5,299 | €575 | €6,595 | ▲ 1,047% |
| Amounts payable17/49 | €37,369 | €22,505 | €13,073 | €7,696 | €6,916 | ▼ 10.1% |
| Amounts payable after more than one year17 | €6,553 | €2,209 | - | - | - | - |
| Financial debts170/4 | €6,553 | €2,209 | - | - | - | - |
| Amounts payable within one year42/48 | €30,606 | €20,296 | €11,819 | €7,696 | €6,916 | ▼ 10.1% |
| Current portion of amounts payable after more than one year42 | €4,249 | €4,345 | €2,209 | - | - | - |
| Trade debts44 | €16,188 | €7,081 | €1,825 | €1,306 | €377 | ▼ 71.1% |
| Suppliers440/4 | €16,188 | €7,081 | €1,825 | €1,306 | €377 | ▼ 71.1% |
| Taxes, remuneration and social security45 | €7,151 | €5,722 | €3,976 | €2,581 | €2,731 | ▲ 5.8% |
| Taxes450/3 | €3,635 | €784 | €1,480 | €1,890 | €2,731 | ▲ 44.5% |
| Remuneration and social security454/9 | €3,516 | €4,938 | €2,496 | €691 | - | - |
| Other amounts payable47/48 | €3,018 | €3,148 | €3,809 | €3,809 | €3,808 | = |
| Accrued charges and deferred income492/3 | €210 | - | €1,254 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,179 | -€292 | -€4,117 | -€4,724 | €6,020 | ▲ 227% |
| + Depreciation and write-downs630 | €7,097 | €7,637 | €4,621 | €1,002 | €365 | ▼ 63.6% |
| Operating cash flow (approximation) | €8,276 | €7,345 | €504 | -€3,722 | €6,385 | ▲ 272% |
| Investment in fixed assets (approximation) | - | -€1,336 | €0 | €0 | - | - |
| Change in cash | - | €2,278 | €3,550 | -€12,681 | €3,550 | ▲ 128% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €6,020
Net result €6,020 after 3 loss-making years.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €7,953 ▲127%
Operating result €10,846, net result €7,953, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €3,511
Net result €3,511 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Vilvoorde · 1 establishment unit since 2011
Ground area
195 m²
Building footprint
72 m²
Volume, LiDAR
619 m³
Parcel 23088A0137/00A006, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Strombeeksesteenweg 236, 1800 Vilvoorde
since 20112.205.888.777
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23088A0137/00A006 | Flanders | 195 m² | 1 · 72 m² | 11.8 m · 3 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
Food safety, FASFC
1 siteVilvoorde2.205.888.777
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
GOLDEN STAR TRANS
BE 0671.573.065
Denderleeuw · Eq €24,450
TRANSVISIE
BE 0723.799.845
Wommelgem · Eq €24,450
CUBAN BENELUX
BE 0776.381.367
Schilde · Eq €24,500
ATK BELGIUM
BE 1004.905.944
Zemst · Eq €24,505
WILMES TONY
BE 0471.494.927
Florenville · Eq €24,511
Of 12,584 companies in sector 49410 we hold annual accounts for 8,199. 5,248 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
Founded03-11-2011
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840797879
Also
9925:BE0840797879
Registered
25-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.