Equity
€953,282 from €1.6m in 2018
Equity fell by 41% in 7 years.
TEJO
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2003peak €438,050 (2011)
€27,327▲ 95.7%
lowest -€61,022 (2025)
-€61,022▼ €65,129
peak €1.6m (2018)
€953,282▼ 6.0%
€216,062▼ 11.1%
Board4 names since 2018
3 directorsDebeuckelaere Kurt René and 2 others
Documentsfilings and deeds
22-12-2025129 days before the deadline
2025micro format
Gross margin from €13,966 to €27,327Loss of €61,022Investments €450,000Cash from €145,200 to €94,399
Key points
from the 2025 annual accountsResult
-€61,022 -€61,022
From profit to loss in 2025, after a profit of €4,106 in 2024.
Turnover
≈ €45,000 estimated
The micro format states no turnover.
Investments
€450,000 15.8 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 76.3% higher than in 2024.
Filings
23 annual accounts since 2003
The 2021 accounts came 30 days late. The other nine of the last ten were filed on time.
Position in the sector
-€61,022
Lower net result than 93% of companies in real estate. Sector median €5,986 · 17,185 companies.
Checked score
94
Excellent
Financially stronger than 52% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: 0.1%▲ +0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Loss of €61,022 (financial year 2025)
lowers risk
Size: total assets €1.2m
Equity €953,282 (81.5% of total assets)
Figures for financial year 2025 (filed on 23-12-2025)
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 68, micro). It does better than 91% of them on solvency, 72% on liquidity, 15% on profitability and 33% on growth.
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 30-09-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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, 8,617 companies had the same profile as TEJO has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TEJO itself: 0.1% 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 8,617 companies, not a prediction for TEJO. 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 €85,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 33.21 (25.35 in 2024), above the usual 1.5. Short-term debt is 0.4% and cash 8.1% of total assets. 18.5% 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 30-09-2025 was due by 30-04-2026 and was filed on 22-12-2025, 129 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
129 days early
2024
131 days early
2023
84 days early
2022
5 days early
2021
30 days late
2020
17 days early
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 48 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 6 February (4 of the last 5 accounts filed within 78 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end10-11-2026 today30-04-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478409740
Changes of role: PUTTEMAN Tom (director) and DEBEUCKELAERE Kurt (director)
Director discharge: PUTTEMAN Tom · Director discharge: DEBEUCKELAERE Kurt · General meeting of 01-12-2020 · Gazette deed
2 managers appointed, 1 director resigning
Resignation: Schaessens Anne Margareta · Appointments: Debeuckelaere Kurt René (manager) and Putteman Tom (manager) · General meeting of 23-08-2018 · Gazette deed
Incorporation
published on 02-10-2002 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TEJO Gistel | €1.2m | €27,327 | 81.5% | - |
| Rebels in Property Kortenaken | €1.1m | €28,690 | 67.6% | - |
| E.R.C. Zonhoven | €1.0m | €32,116 | 34.0% | - |
| IMMO BEKO Kortenberg | €1.2m | €26,747 | 14.8% | - |
| SCHULZEN Amblève | €1.0m | €24,382 | 99.6% | - |
| WYJONA Bruges | €1.0m | €23,851 | 88.6% | - |
| MARTENS INVEST Waregem | €1.1m | €28,504 | 68.5% | - |
These companies have the same main activity as TEJO: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €986,000 and €1.2m, founded between 1992 and 2006.
Official details
Source: KBO- Status
- Active since 25-09-2002Normal situation
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203
- Establishment unit
- 2.186.975.0648470 Gistel, since 19-09-2002
- Financial year end
- 30 September
- Peppol
- Reachable since 23-12-2025
Annual accounts to 30-09-2025
- €1.2m▼ 7.0%
- Filing
- Filed on 22-12-2025, 129 days before the end of the filing period
Insights on TEJO
TEJO files the micro format. That format states no turnover. The gross margin fell from €150,004 in 2007 to €27,327 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TEJO
- What is the company number of TEJO?
- The company number of TEJO is 0478.409.740. The VAT number is the same number with BE in front: BE 0478.409.740.
- Where is TEJO based?
- The registered office is at Manitobalaan 25, 8470 Gistel.Company details
- What does TEJO do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of TEJO?
- TEJO is a private limited company (BV).
- When was TEJO founded?
- TEJO was founded on 25-09-2002.
- Is TEJO still active?
- Yes, TEJO is an active enterprise in the KBO register.
- What is the turnover of TEJO?
- The turnover in financial year 2025 is ≈ €45,000. This figure is estimated from the gross margin of €27,327 and 51 comparable companies (NACE 682). It probably lies between €33,000 and €65,000.Financials
- Is TEJO profitable?
- In financial year 2025, TEJO made a loss of €61,022.
- Where can I find the annual accounts of TEJO?
- TEJO filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TEJO due?
- TEJO must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.