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 €24k and a net result of €6k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 84% of 4654 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 €2k 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.
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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 →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€6k
2024 · €-5k
Working capital
€24k▲ 35.3%
2024 · €18k
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€2k▼ 81.7%€454▼ 77.2%€-4k€-4k▼ 19.4%€6k
Net result€1k▼ 85.2%€-292€-4k▼ 1,310%€-5k▼ 14.7%€6k
Equity€28k▲ 4.5%€27k▼ 1.1%€23k▼ 15.0%€18k▼ 20.4%€24k▲ 32.6%
Total assets€65k▲ 5.2%€50k▼ 23.3%€36k▼ 27.2%€26k▼ 27.9%€31k▲ 20.0%
Debt€37k▲ 5.7%€23k▼ 39.8%€13k▼ 41.9%€8k▼ 41.1%€7k▼ 10.1%
Working capital€22k▲ 11.6%€23k▲ 6.6%€23k▼ 1.8%€18k▼ 21.6%€24k▲ 35.3%
Staff (FTE)1
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6k after a loss of €4k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €31k
Equity
€24k ▲ 32.6%
Debt
€7k ▼ 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
€7k▲
2024 · €-3k
Cash flow
€6k▲
2024 · €-4k
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
€7k▼
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €25k | €31k | €30k | €487 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €5k | €1k | €365 | ▼ 63.6% |
| Other operating charges640/8 | €717 | €1k | €590 | €909 | €1k | ▲ 40.5% |
| Non-recurring operating charges66A | €1k | - | - | - | - | - |
| Gross operating margin9900 | €36k | €40k | €32k | €-2k | €8k | ▲ 510% |
| Operating profit (loss)9901 | €2k | €454 | €-4k | €-4k | €6k | ▲ 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 | €2k | €-266 | €-4k | €-5k | €6k | ▲ 228% |
| Income taxes67/77 | €369 | €26 | - | €26 | - | - |
| Profit (loss) for the period9904 | €1k | €-292 | €-4k | €-5k | €6k | ▲ 227% |
| Profit (loss) for the period to be appropriated9905 | €1k | €-292 | €-4k | €-5k | €6k | ▲ 227% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65k | €50k | €36k | €26k | €31k | ▲ 20.0% |
| Fixed assets21/28 | €12k | €6k | €1k | €365 | - | - |
| Tangible fixed assets22/27 | €12k | €6k | €1k | €365 | - | - |
| Furniture and vehicles24 | €12k | €6k | €1k | €365 | - | - |
| Current assets29/58 | €53k | €44k | €35k | €26k | €31k | ▲ 21.7% |
| Amounts receivable within one year40/41 | €26k | €15k | €3k | €6k | €9k | ▲ 35.5% |
| Trade receivables40 | €26k | €14k | €2k | €6k | €9k | ▲ 35.5% |
| Other amounts receivable41 | - | €974 | €1k | - | - | - |
| Cash at bank and in hand54/58 | €26k | €28k | €32k | €19k | €23k | ▲ 18.6% |
| Deferred charges and accrued income490/1 | €958 | €490 | €90 | €229 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65k | €50k | €36k | €26k | €31k | ▲ 20.0% |
| Equity10/15 | €28k | €27k | €23k | €18k | €24k | ▲ 32.6% |
| Contributions10/11 | €18k | €18k | €18k | €18k | €18k | = |
| 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 | €10k | €9k | €5k | €575 | €7k | ▲ 1,047% |
| Amounts payable17/49 | €37k | €23k | €13k | €8k | €7k | ▼ 10.1% |
| Amounts payable after more than one year17 | €7k | €2k | - | - | - | - |
| Financial debts170/4 | €7k | €2k | - | - | - | - |
| Amounts payable within one year42/48 | €31k | €20k | €12k | €8k | €7k | ▼ 10.1% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €2k | - | - | - |
| Trade debts44 | €16k | €7k | €2k | €1k | €377 | ▼ 71.1% |
| Suppliers440/4 | €16k | €7k | €2k | €1k | €377 | ▼ 71.1% |
| Taxes, remuneration and social security45 | €7k | €6k | €4k | €3k | €3k | ▲ 5.8% |
| Taxes450/3 | €4k | €784 | €1k | €2k | €3k | ▲ 44.5% |
| Remuneration and social security454/9 | €4k | €5k | €2k | €691 | - | - |
| Other amounts payable47/48 | €3k | €3k | €4k | €4k | €4k | = |
| Accrued charges and deferred income492/3 | €210 | - | €1k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €-292 | €-4k | €-5k | €6k | ▲ 227% |
| + Depreciation and write-downs630 | €7k | €8k | €5k | €1k | €365 | ▼ 63.6% |
| Operating cash flow (approximation) | €8k | €7k | €504 | €-4k | €6k | ▲ 272% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | - | - |
| Change in cash | - | €2k | €4k | €-13k | €4k | ▲ 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 €6k
Net result €6k 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 €8k ▲127%
Operating result €11k, net result €8k, both a record.
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €4k
Net result €4k 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.
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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
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Of 12,585 companies in sector 49410 we hold annual accounts for 8,198. 5,249 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
Scores and ratios are computed by Checked and are not a credit decision.