TEKKO
ActiveSummary
TEKKO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €400,277 and a net result of €96,104. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 48% of 26049 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability78▲+39
Solvency55▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.55 against 0.24 in 2023; short-term debt: 34.5% and cash: 0.6% of total assets), and 69.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
92 d late
2022
74 d late
2021
78 d late
2020
90 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 91 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€400,277▲ 31.6%
2023 · €304,172
Total assets
€1.3m▲ 21.6%
2023 · €1.1m
Net result
€96,104
2023 · -€41,648
Working capital
-€204,713▲ 37.1%
2023 · -€325,557
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€71,810▼ 22.2%€61,379▼ 14.5%€125,044▲ 104%-€16,555€177,771
Net result€47,468above the sector's middle half▼ 15.5%€36,805above the sector's middle half▼ 22.5%€79,577above the sector's middle half▲ 116%-€41,648below the sector's middle half€96,104above the sector's middle half
Equity€229,438above the sector's middle half▲ 26.1%€266,243above the sector's middle half▲ 16.0%€345,820above the sector's middle half▲ 29.9%€304,172above the sector's middle half▼ 12.0%€400,277above the sector's middle half▲ 31.6%
Total assets€1.1mabove the sector's middle half▲ 0.8%€879,531above the sector's middle half▼ 21.5%€1.0mabove the sector's middle half▲ 18.0%€1.1mabove the sector's middle half▲ 5.2%€1.3mabove the sector's middle half▲ 21.6%
Debt€890,297▼ 4.2%€613,288▼ 31.1%€692,097▲ 12.9%€787,652▲ 13.8%€927,126▲ 17.7%
Working capital€95,108above the sector's middle half▲ 11.7%-€46,142below the sector's middle half€10,733within the sector's middle half-€325,557below the sector's middle half-€204,713below the sector's middle half▲ 37.1%
Solvency20.5%within the sector's middle half▲ 4.1pp30.3%within the sector's middle half▲ 9.8pp33.3%within the sector's middle half▲ 3.0pp27.9%within the sector's middle half▼ 5.5pp30.2%within the sector's middle half▲ 2.3pp
Current ratio1.39within the sector's middle half▼ 0.020.72below the sector's middle half▼ 0.671.04within the sector's middle half▲ 0.320.24below the sector's middle half▼ 0.800.55below the sector's middle half▲ 0.31
Return on assets (ROA)4.2%within the sector's middle half▼ 0.8pp4.2%within the sector's middle half▼ 0.1pp7.7%within the sector's middle half▲ 3.5pp-3.8%within the sector's middle half▼ 11.5pp7.2%within the sector's middle half▲ 11.1pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €177,771 after a loss of €16,555 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.1m ▲ 8.7%
Current assets
€253,750 ▲ 144%
Equity and liabilities €1.3m
Equity
€400,277 ▲ 31.6%
Debt
€927,126 ▲ 17.7%
Debt's share of the balance-sheet total falls from 72.1% to 69.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€289,747▲
2023 · €72,390
Cash flow
€208,080▲
2023 · €47,298
Debt to equity
2.32▼
2023 · 2.59
ROE
24.0%▲
2023 · -13.7%
Interest coverage
11.66▲
2023 · 2.96
Debt ≤ 1 year
€458,463▲
2023 · €429,645
Debt > 1 year
€468,663▲
2023 · €358,007
Income taxes
€56,862▲
2023 · €1,121
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% 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 497,662 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% | 1.7% |
| 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 75% 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 20,129 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €24,723 | €7,492 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,309 | €51,239 | €64,937 | €88,945 | €111,976 | ▲ 25.9% |
| Other operating charges640/8 | - | €2,917 | €4,953 | €20,259 | €22,994 | ▲ 13.5% |
| Non-recurring operating charges66A | - | - | - | - | €7,492 | - |
| Gross operating margin9900 | €126,779 | €115,535 | €194,934 | €92,649 | €320,233 | ▲ 246% |
| Operating profit (loss)9901 | €71,810 | €61,379 | €125,044 | -€16,555 | €177,771 | ▲ 1,174% |
| Financial income75/76B | - | €5,124 | €12,461 | €455 | €52 | ▼ 88.7% |
| Recurring financial income75 | €10,776 | €5,124 | €12,461 | €455 | €52 | ▼ 88.7% |
| Financial charges65/66B | - | €14,399 | €15,484 | €24,427 | €24,856 | ▲ 1.8% |
| Recurring financial charges65 | €16,925 | €14,399 | €15,484 | €24,427 | €24,856 | ▲ 1.8% |
| Profit (loss) for the period before taxes9903 | €65,661 | €52,104 | €122,021 | -€40,527 | €152,966 | ▲ 477% |
| Income taxes67/77 | €18,193 | €15,299 | €42,444 | €1,121 | €56,862 | ▲ 4,972% |
| Profit (loss) for the period9904 | €47,468 | €36,805 | €79,577 | -€41,648 | €96,104 | ▲ 331% |
| Profit (loss) for the period to be appropriated9905 | €47,468 | €36,805 | €79,577 | -€41,648 | €96,104 | ▲ 331% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €879,531 | €1.0m | €1.1m | €1.3m | ▲ 21.6% |
| Fixed assets21/28 | €782,757 | €761,177 | €781,325 | €987,737 | €1.1m | ▲ 8.7% |
| Intangible fixed assets21 | - | - | - | €4,795 | €2,617 | ▼ 45.4% |
| Tangible fixed assets22/27 | €777,341 | €755,760 | €781,325 | €982,942 | €1.1m | ▲ 9.0% |
| Land and buildings22 | - | €741,020 | €698,104 | €820,850 | €941,902 | ▲ 14.7% |
| Furniture and vehicles24 | - | €14,740 | €57,301 | €112,514 | €86,568 | ▼ 23.1% |
| Leasing and similar rights25 | - | - | €25,920 | €25,920 | €17,280 | ▼ 33.3% |
| Other tangible fixed assets26 | - | - | - | €23,657 | €25,286 | ▲ 6.9% |
| Financial fixed assets28 | €5,417 | €5,417 | - | - | - | - |
| Current assets29/58 | €336,978 | €118,354 | €256,592 | €104,087 | €253,750 | ▲ 144% |
| Amounts receivable after more than one year29 | - | - | €45,000 | - | - | - |
| Other amounts receivable291 | - | - | €45,000 | - | - | - |
| Amounts receivable within one year40/41 | €69,985 | €91,959 | €37,045 | €31,615 | €205,017 | ▲ 548% |
| Trade receivables40 | - | €9,493 | €35,299 | €30,262 | €205,010 | ▲ 577% |
| Other amounts receivable41 | - | €82,467 | €1,746 | €1,353 | €7 | ▼ 99.5% |
| Cash at bank and in hand54/58 | €6,500 | €15,859 | €161,595 | €6,260 | €7,353 | ▲ 17.5% |
| Deferred charges and accrued income490/1 | - | €10,536 | €12,953 | €66,212 | €41,380 | ▼ 37.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €879,531 | €1.0m | €1.1m | €1.3m | ▲ 21.6% |
| Equity10/15 | €229,438 | €266,243 | €345,820 | €304,172 | €400,277 | ▲ 31.6% |
| Contributions10/11 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Reserves13 | €2,500 | €2,500 | €82,077 | €82,077 | €178,181 | ▲ 117% |
| Non-distributable reserves130/1 | - | €2,500 | €2,500 | - | - | - |
| Reserves not available under the articles1311 | - | €2,500 | €2,500 | - | - | - |
| Distributable reserves133 | - | - | €79,577 | €82,077 | €178,181 | ▲ 117% |
| Profit (loss) carried forward14 | €201,938 | €238,743 | €238,743 | €197,095 | €197,095 | = |
| Amounts payable17/49 | €890,297 | €613,288 | €692,097 | €787,652 | €927,126 | ▲ 17.7% |
| Amounts payable after more than one year17 | €638,929 | €439,294 | €446,237 | €358,007 | €468,663 | ▲ 30.9% |
| Financial debts170/4 | - | €439,294 | €446,237 | €358,007 | €468,663 | ▲ 30.9% |
| Amounts payable within one year42/48 | €241,871 | €164,496 | €245,860 | €429,645 | €458,463 | ▲ 6.7% |
| Current portion of amounts payable after more than one year42 | - | €79,635 | €120,879 | €126,784 | €171,299 | ▲ 35.1% |
| Financial debts43 | - | €2,449 | €1,262 | €20,872 | €7,837 | ▼ 62.5% |
| Credit institutions430/8 | - | €2,449 | €1,262 | €20,872 | €7,837 | ▼ 62.5% |
| Trade debts44 | €26,140 | €7,476 | €65,975 | €31,043 | €51,288 | ▲ 65.2% |
| Suppliers440/4 | - | €7,476 | €65,975 | €31,043 | €51,288 | ▲ 65.2% |
| Taxes, remuneration and social security45 | - | €57,951 | €57,744 | €50,475 | €76,044 | ▲ 50.7% |
| Taxes450/3 | - | €57,951 | €57,744 | €50,475 | €76,044 | ▲ 50.7% |
| Other amounts payable47/48 | - | €16,986 | - | €200,470 | €151,995 | ▼ 24.2% |
| Accrued charges and deferred income492/3 | - | €9,498 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €47,468 | €36,805 | €79,577 | -€41,648 | €96,104 | ▲ 331% |
| + Depreciation and write-downs630 | €52,309 | €51,239 | €64,937 | €88,945 | €111,976 | ▲ 25.9% |
| Operating cash flow (approximation) | €99,777 | €88,043 | €144,514 | €47,298 | €208,080 | ▲ 340% |
| Investment in fixed assets (approximation) | - | -€29,658 | -€85,085 | -€295,358 | -€197,892 | ▲ 33.0% |
| Change in cash | - | €9,359 | €145,736 | -€155,335 | €1,093 | ▲ 101% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Back to profitnet €96,104
Net result €96,104 after one loss-making year.
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet -€41,648
Net result drops to -€41,648, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 74 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Equity above €200,000Eq €229,438 ▲26.1%
3 profitable years in a row build equity to €229,438.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Equity above €150,000Eq €181,970 ▲44.6%
2 profitable years in a row build equity to €181,970.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 10 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Merchtem · 1 establishment unit since 2003
Ground area
787 m²
Building footprint
178 m²
Volume, LiDAR
867 m³
Parcel 23012H0210/00K000, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TEKKO
since 20032.127.134.873
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23012H0210/00K000 | Flanders | 787 m² | 1 · 178 m² | 6.8 m · 2 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.
Structure & network
Owners and holdings
Owners 0
The accounts to 31-12-2021 list no shareholders, and no other source names one.
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
0.25%
According to the 2021 annual accounts of TEKKO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,395 companies in sector 47784 we hold annual accounts for 429. 272 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
Founded24-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478063708
Also
9925:BE0478063708
Registered
05-03-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.