TEITU
ActiveSummary
TEITU has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €450k and a net result of €27k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 34% of 8095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-12
Solvency62▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.65 in 2023; short-term debt: 36.8% and cash: 18.6% of total assets), but 62.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
23 d early
2022
28 d early
2021
94 d early
2020
124 d early
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€450k▲ 6.4%
2023 · €423k
Total assets
€1.21M▲ 12.8%
2023 · €1.07M
Net result
€27k▼ 79.5%
2023 · €132k
Working capital
€247k▲ 19.6%
2023 · €206k
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
Line20202021202220232024
Operating result€22k▼ 72.9%€150k▲ 594%€108k▼ 28.1%€194k▲ 80.3%€45k▼ 76.8%
Net result€12k▼ 78.8%€110k▲ 795%€71k▼ 35.5%€132k▲ 85.7%€27k▼ 79.5%
Equity€249k▲ 5.2%€296k▲ 19.0%€341k▲ 15.2%€423k▲ 23.9%€450k▲ 6.4%
Total assets€959k▲ 18.4%€900k▼ 6.2%€1.01M▲ 12.3%€1.07M▲ 6.3%€1.21M▲ 12.8%
Debt€710k▲ 23.8%€604k▼ 15.0%€669k▲ 10.8%€651k▼ 2.7%€761k▲ 16.9%
Working capital€211k▼ 5.6%€223k▲ 5.3%€209k▼ 6.3%€206k▼ 1.0%€247k▲ 19.6%
Staff (FTE)0.71▲ 42.9%1.2▲ 20.0%1.8▲ 50.0%1.9▲ 5.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 77% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.21M
Fixed assets
€519k ▼ 6.1%
Current assets
€692k ▲ 32.7%
Equity and liabilities €1.21M
Equity
€450k ▲ 6.4%
Debt
€761k ▲ 16.9%
Debt's share of the balance-sheet total rises from 60.6% to 62.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€78k▼
2023 · €216k
Cash flow
€60k▼
2023 · €153k
Current ratio
1.55▼
2023 · 1.65
Debt to equity
1.69▲
2023 · 1.54
ROE
6.0%▼
2023 · 31.1%
ROA
2.2%▼
2023 · 12.3%
Interest coverage
8.13▼
2023 · 29.84
Debt ≤ 1 year
€445k▲
2023 · €315k
Debt > 1 year
€316k▼
2023 · €334k
Income taxes
€10k▼
2023 · €59k
Staff costs
€91k▼
2023 · €92k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €54k | €46k | €92k | €91k | ▼ 1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €24k | €22k | €22k | €33k | ▲ 52.8% |
| Other operating charges640/8 | - | €10k | €7k | €7k | €6k | ▼ 2.2% |
| Gross operating margin9900 | €65k | €237k | €182k | €315k | €176k | ▼ 44.0% |
| Operating profit (loss)9901 | €22k | €150k | €108k | €194k | €45k | ▼ 76.8% |
| Financial income75/76B | - | €2 | €0 | €4k | €1k | ▼ 70.4% |
| Recurring financial income75 | €95 | €2 | €0 | €4k | €1k | ▼ 70.4% |
| Financial charges65/66B | - | €8k | €7k | €7k | €10k | ▲ 33.4% |
| Recurring financial charges65 | €8k | €8k | €7k | €7k | €10k | ▲ 33.4% |
| Profit (loss) for the period before taxes9903 | €14k | €142k | €100k | €190k | €36k | ▼ 80.8% |
| Income taxes67/77 | €1k | €32k | €29k | €59k | €10k | ▼ 83.8% |
| Profit (loss) for the period9904 | €12k | €110k | €71k | €132k | €27k | ▼ 79.5% |
| Profit (loss) for the period to be appropriated9905 | €12k | €110k | €71k | €132k | €27k | ▼ 79.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €959k | €900k | €1.01M | €1.07M | €1.21M | ▲ 12.8% |
| Fixed assets21/28 | €552k | €538k | €516k | €552k | €519k | ▼ 6.1% |
| Tangible fixed assets22/27 | €532k | €510k | €488k | €524k | €491k | ▼ 6.4% |
| Land and buildings22 | - | €487k | €469k | €452k | €434k | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €223 | - | - | - | - |
| Furniture and vehicles24 | - | €20k | €17k | €70k | €55k | ▼ 21.2% |
| Other tangible fixed assets26 | - | €3k | €2k | €2k | €1k | ▼ 34.3% |
| Financial fixed assets28 | €20k | €28k | €28k | €28k | €28k | = |
| Current assets29/58 | €407k | €362k | €494k | €521k | €692k | ▲ 32.7% |
| Amounts receivable within one year40/41 | €112k | €70k | €185k | €211k | €311k | ▲ 47.5% |
| Trade receivables40 | - | €64k | €177k | €200k | €250k | ▲ 25.2% |
| Other amounts receivable41 | - | €6k | €7k | €11k | €61k | ▲ 461% |
| Current investments50/53 | €87k | €105k | €123k | €174k | €144k | ▼ 17.0% |
| Cash at bank and in hand54/58 | €204k | €179k | €178k | €128k | €225k | ▲ 75.6% |
| Deferred charges and accrued income490/1 | - | €7k | €9k | €9k | €12k | ▲ 30.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €959k | €900k | €1.01M | €1.07M | €1.21M | ▲ 12.8% |
| Equity10/15 | €249k | €296k | €341k | €423k | €450k | ▲ 6.4% |
| Contributions10/11 | - | €7k | €7k | €7k | €7k | = |
| Reserves13 | €242k | €289k | €334k | €416k | €443k | ▲ 6.5% |
| Tax-exempt reserves132 | - | €35k | €35k | €35k | €35k | = |
| Distributable reserves133 | - | €254k | €299k | €381k | €408k | ▲ 7.1% |
| Amounts payable17/49 | €710k | €604k | €669k | €651k | €761k | ▲ 16.9% |
| Amounts payable after more than one year17 | €514k | €463k | €382k | €334k | €316k | ▼ 5.5% |
| Financial debts170/4 | - | €463k | €382k | €334k | €316k | ▼ 5.5% |
| Amounts payable within one year42/48 | €196k | €139k | €285k | €315k | €445k | ▲ 41.2% |
| Current portion of amounts payable after more than one year42 | - | €51k | €51k | €48k | €58k | ▲ 21.8% |
| Financial debts43 | - | - | €7k | €10k | €163k | ▲ 1,511% |
| Credit institutions430/8 | - | - | €7k | €10k | €163k | ▲ 1,511% |
| Trade debts44 | €89k | €32k | €139k | €175k | €153k | ▼ 12.6% |
| Suppliers440/4 | - | €32k | €139k | €175k | €153k | ▼ 12.6% |
| Taxes, remuneration and social security45 | - | €28k | €39k | €39k | €18k | ▼ 53.1% |
| Taxes450/3 | - | €23k | €32k | €28k | €15k | ▼ 45.5% |
| Remuneration and social security454/9 | - | €6k | €7k | €10k | €3k | ▼ 73.6% |
| Other amounts payable47/48 | - | €28k | €50k | €43k | €52k | ▲ 21.0% |
| Accrued charges and deferred income492/3 | - | €2k | €2k | €2k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €110k | €71k | €132k | €27k | ▼ 79.5% |
| + Depreciation and write-downs630 | €21k | €24k | €22k | €22k | €33k | ▲ 52.8% |
| Operating cash flow (approximation) | €33k | €133k | €93k | €153k | €60k | ▼ 60.6% |
| Investment in fixed assets (approximation) | - | €-10k | €0 | €-58k | €0 | ▲ 100% |
| Change in cash | - | €-25k | €-1k | €-49k | €97k | ▲ 297% |
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
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 47 days late
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €132k ▲85.7%
Operating result €194k, net result €132k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €12k ▼78.8%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 60 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Oostende · 2 establishment units since 2006
Ground area
4,226 m²
Building footprint
1,007 m²
Volume, LiDAR
3,088 m³
2 parcels, Flanders · tallest building 14.0 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Teitu
since 20062.155.811.142
Teitu
since 20212.314.311.122
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35383C0310/00V024 | Flanders | 3,306 m² | 1 · 828 m² | 14.0 m |
| 46017A0459/00M002 | Flanders | 920 m² | 1 · 179 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 35,478 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
Founded09-08-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
78100Employment placement agencies
78200Temporary employment agencies and other provision of personnel
Scores and ratios are computed by Checked and are not a credit decision.