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Tek Solutions

Active
Private limited companyfounded 20233 yrs activeZenobe Grammestraat 9, 9040 Gent, BelgiumKBO/BCE: BE 0797.940.905
Summary

The computed 12-month bankruptcy probability of Tek Solutions is 3.0% (moderate). The 2024 annual accounts show equity of €18,257 and a net result of €14,582. Its solvency ranks better than 27% of 36380 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes
Profitability95
Solvency51
Growth-
Track record79
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.73; short-term debt: 64.8% and cash: 1.3% of total assets), and 74.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
25.9%
Return on assets
20.7%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2024
1 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 1 day before 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 (1)
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

History

On 2 February 2023, Tek Solutions was incorporated as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€18,257
Total assets
€70,541
Net result
€14,582
Working capital
-€12,128

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €70,541
Fixed assets €36,988
Current assets €33,552
Equity and liabilities €70,541
Equity €18,257
Debt €52,284
Debt finances 74.1% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€39,878
Cash flow
€34,412
Current ratio
0.73
Debt to equity
2.86
ROE
79.9%
ROA
20.7%
Interest coverage
41.22
Debt ≤ 1 year
€45,680
Debt > 1 year
€6,604
Income taxes
€4,498
Staff costs
€2,307

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.1% went bankrupt within 24 months and 94% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.1% went bankrupt
1.6% stopped otherwise
94% still going

A further 1.0% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,976 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
Filed annual accounts As filed with the NBB · 2024 · 41 lines
Balance sheet Code2024
Assets
Total assets20/58€70,541
Fixed assets21/28€36,988
Tangible fixed assets22/27€36,988
Plant, machinery and equipment23€7,280
Furniture and vehicles24€29,708
Current assets29/58€33,552
Amounts receivable within one year40/41€32,644
Trade receivables40€3,107
Other amounts receivable41€29,537
Cash at bank and in hand54/58€908
Equity and liabilities
Total equity and liabilities10/49€70,541
Equity10/15€18,257
Contributions10/11€3,000
Reserves13€15,257
Distributable reserves133€15,257
Amounts payable17/49€52,284
Amounts payable after more than one year17€6,604
Financial debts170/4€6,604
Amounts payable within one year42/48€45,680
Current portion of amounts payable after more than one year42€12,112
Financial debts43€2,275
Credit institutions430/8€2,275
Trade debts44€10,667
Suppliers440/4€10,667
Advances received on contracts in progress46€16,128
Taxes, remuneration and social security45€4,498
Taxes450/3€4,498
Income statement Code2024
Remuneration, social security and pensions62€2,307
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,830
Other operating charges640/8€3,153
Gross operating margin9900€45,338
Operating profit (loss)9901€20,048
Financial charges65/66B€967
Recurring financial charges65€967
Profit (loss) for the period before taxes9903€19,080
Income taxes67/77€4,498
Profit (loss) for the period9904€14,582
Profit (loss) for the period to be appropriated9905€14,582
Appropriation of the result
Profit (loss) to be appropriated9906€14,582
Transfer to equity691/2€14,582
To other reserves6921€14,582

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Remuneration, social security and pensions62€2,307
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19,830
Other operating charges640/8€3,153
Gross operating margin9900€45,338
Operating profit (loss)9901€20,048
Financial charges65/66B€967
Recurring financial charges65€967
Profit (loss) for the period before taxes9903€19,080
Income taxes67/77€4,498
Profit (loss) for the period9904€14,582
Profit (loss) for the period to be appropriated9905€14,582
Line2024
Assets
Total assets20/58€70,541
Fixed assets21/28€36,988
Tangible fixed assets22/27€36,988
Plant, machinery and equipment23€7,280
Furniture and vehicles24€29,708
Current assets29/58€33,552
Amounts receivable within one year40/41€32,644
Trade receivables40€3,107
Other amounts receivable41€29,537
Cash at bank and in hand54/58€908
Equity and liabilities
Total equity and liabilities10/49€70,541
Equity10/15€18,257
Contributions10/11€3,000
Reserves13€15,257
Distributable reserves133€15,257
Amounts payable17/49€52,284
Amounts payable after more than one year17€6,604
Financial debts170/4€6,604
Amounts payable within one year42/48€45,680
Current portion of amounts payable after more than one year42€12,112
Financial debts43€2,275
Credit institutions430/8€2,275
Trade debts44€10,667
Suppliers440/4€10,667
Advances received on contracts in progress46€16,128
Taxes, remuneration and social security45€4,498
Taxes450/3€4,498
Line2024
Profit (loss) for the period9904€14,582
+ Depreciation and write-downs630€19,830
Operating cash flow (approximation)€34,412

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Gent · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
266 m²
Building footprint
87 m²
Volume, LiDAR
591 m³
Parcel 44432C0257/00Z003, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AYBER
Zenobe Grammestraat 9, 9040 GentConstruction of residential and non-residential buildings
since 20232.341.338.290
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44432C0257/00Z003 Flanders 266 m² 1 · 87 m² 9.8 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

Recognised contractor

1 category
Tek Solutions BV46386
category P1, class 1
decision 29-06-2026

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,010 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
Founded02-02-2023
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43212Electrical installation work in industrial facilities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0797940905
Also 9925:BE0797940905
Registered 15-12-2025

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.