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TEKO

Active
Public limited companyfounded 198739 yrs activeSmisstraat 48, 9100 Sint-Niklaas, BelgiumKBO/BCE: BE 0431.850.334
Summary

TEKO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €285,740 and a net result of €32,500. Equity is growing by ~13.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability83=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
short-term debt: 0% and cash: 80.5% of total assets, and 0% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
100%
Return on assets
11.4%
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 23-07-2025, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
8 d early
2023
13 d early
2022
18 d early
2021
9 d early
2020
32 d early
2019
14 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 16 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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

TEKO was incorporated on 20 August 1987.1 Total assets rose from EUR 125,303 in 2018 to EUR 285,834 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, abbreviated schema

Equity
€285,740▲ 12.8%
2023 · €253,240
Total assets
€285,834▲ 12.1%
2023 · €254,992
Net result
€32,500▲ 15.1%
2023 · €28,248
Working capital
€231,289▲ 16.9%
2023 · €197,875
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€34,583▲ 5.5%€35,703▲ 3.2%€34,152▼ 4.3%€37,703▲ 10.4%€41,057▲ 8.9%
Net result€25,883▲ 12.6%€26,687▲ 3.1%€25,618▼ 4.0%€28,248▲ 10.3%€32,500▲ 15.1%
Equity€172,686▲ 17.6%€199,374▲ 15.5%€224,992▲ 12.8%€253,240▲ 12.6%€285,740▲ 12.8%
Total assets€172,965▲ 17.5%€199,708▲ 15.5%€225,406▲ 12.9%€254,992▲ 13.1%€285,834▲ 12.1%
Debt€279▼ 36.8%€334▲ 19.6%€415▲ 24.2%€1,752▲ 323%€94▼ 94.6%
Working capital€114,760▲ 31.3%€142,461▲ 24.1%€169,003▲ 18.6%€197,875▲ 17.1%€231,289▲ 16.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000Operating result 2020: €34,583€34,583Net result 2020: €25,883€25,883Operating result 2021: €35,703€35,703Net result 2021: €26,687€26,687Operating result 2022: €34,152€34,152Net result 2022: €25,618€25,618Operating result 2023: €37,703€37,703Net result 2023: €28,248€28,248Operating result 2024: €41,057€41,057Net result 2024: €32,500€32,50020202021202220232024€0€20,000€40,000Operating result 2022: €34,152€34,200Net result 2022: €25,618€25,600Operating result 2023: €37,703€37,700Net result 2023: €28,248€28,200Operating result 2024: €41,057€41,100Net result 2024: €32,500€32,500202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 9% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €285,834
Fixed assets €54,451 ▼ 1.7%
Current assets €231,383 ▲ 15.9%
Equity and liabilities €285,834
Equity €285,740 ▲ 12.8%
Debt €94 ▼ 94.6%
Debt's share of the balance-sheet total falls from 0.7% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€41,971▲
2023 · €38,618
Cash flow
€33,415▲
2023 · €29,163
Debt to equity
0.00▼
2023 · 0.01
ROE
11.4%▲
2023 · 11.2%
ROA
11.4%▲
2023 · 11.1%
Interest coverage
964.85▼
2023 · 990.19
Debt ≤ 1 year
€94▼
2023 · €1,752
Income taxes
€10,833▲
2023 · €9,416
A ratio outside any meaningful range has been withheld (balance sheet total €285,834, equity €285,740).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.4% went bankrupt
5.9% stopped otherwise
93% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 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% 1.7%
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 31,349 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 against 2023 · 37 lines
Balance sheet Code20232024
Assets
Total assets20/58€254,992€285,834▲
Fixed assets21/28€55,365€54,451▼
Tangible fixed assets22/27€55,365€54,451▼
Land and buildings22€55,365€54,451▼
Current assets29/58€199,627€231,383▲
Amounts receivable within one year40/41€1,497€1,287▼
Other amounts receivable41€1,497€1,287▼
Cash at bank and in hand54/58€195,372€230,096▲
Deferred charges and accrued income490/1€2,758-
Equity and liabilities
Total equity and liabilities10/49€254,992€285,834▲
Equity10/15€253,240€285,740▲
Contributions10/11€90,000€90,000=
Capital10€90,000€90,000=
Issued capital100€90,000€90,000=
Reserves13€9,000€9,000=
Non-distributable reserves130/1€9,000€9,000=
Legal reserve130€9,000€9,000=
Profit (loss) carried forward14€154,240€186,740▲
Amounts payable17/49€1,752€94▼
Amounts payable within one year42/48€1,752€94▼
Trade debts44€1,731€73▼
Suppliers440/4€1,731€73▼
Other amounts payable47/48€21€21=
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€914€914=
Other operating charges640/8€4,769€4,962▲
Gross operating margin9900€43,387€46,933▲
Operating profit (loss)9901€37,703€41,057▲
Financial income75/76B-€2,321
Recurring financial income75-€2,321
Financial charges65/66B€39€44▲
Recurring financial charges65€39€44▲
Profit (loss) for the period before taxes9903€37,664€43,334▲
Income taxes67/77€9,416€10,833▲
Profit (loss) for the period9904€28,248€32,500▲
Profit (loss) for the period to be appropriated9905€28,248€32,500▲
Appropriation of the result
Profit (loss) to be appropriated9906€154,240€186,740▲
Profit (loss) brought forward from the previous period14P€125,992€154,240▲

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,583€914€914€914€914=
Other operating charges640/8-€4,264€4,358€4,769€4,962▲ 4.0%
Gross operating margin9900€40,401€40,881€39,425€43,387€46,933▲ 8.2%
Operating profit (loss)9901€34,583€35,703€34,152€37,703€41,057▲ 8.9%
Financial income75/76B----€2,321-
Recurring financial income75----€2,321-
Financial charges65/66B-€37€39€39€44▲ 11.5%
Recurring financial charges65€30€37€39€39€44▲ 11.5%
Profit (loss) for the period before taxes9903€34,553€35,666€34,113€37,664€43,334▲ 15.1%
Income taxes67/77€8,678€8,978€8,495€9,416€10,833▲ 15.1%
Profit (loss) for the period9904€25,883€26,687€25,618€28,248€32,500▲ 15.1%
Profit (loss) for the period to be appropriated9905€26,033€26,687€25,618€28,248€32,500▲ 15.1%
Line20202021202220232024Change
Assets
Total assets20/58€172,965€199,708€225,406€254,992€285,834▲ 12.1%
Fixed assets21/28€58,108€57,194€56,279€55,365€54,451▼ 1.7%
Tangible fixed assets22/27€58,108€57,194€56,279€55,365€54,451▼ 1.7%
Land and buildings22-€57,194€56,279€55,365€54,451▼ 1.7%
Current assets29/58€114,857€142,514€169,127€199,627€231,383▲ 15.9%
Amounts receivable within one year40/41€397€1,022€526€1,497€1,287▼ 14.1%
Other amounts receivable41-€1,022€526€1,497€1,287▼ 14.1%
Cash at bank and in hand54/58€112,199€139,149€166,050€195,372€230,096▲ 17.8%
Deferred charges and accrued income490/1-€2,343€2,551€2,758--
Equity and liabilities
Total equity and liabilities10/49€172,965€199,708€225,406€254,992€285,834▲ 12.1%
Equity10/15€172,686€199,374€224,992€253,240€285,740▲ 12.8%
Contributions10/11€90,000€90,000€90,000€90,000€90,000=
Capital10-€90,000€90,000€90,000€90,000=
Issued capital100-€90,000€90,000€90,000€90,000=
Reserves13€9,000€9,000€9,000€9,000€9,000=
Non-distributable reserves130/1-€9,000€9,000€9,000€9,000=
Legal reserve130-€9,000€9,000€9,000€9,000=
Profit (loss) carried forward14€73,686€100,374€125,992€154,240€186,740▲ 21.1%
Amounts payable17/49€279€334€415€1,752€94▼ 94.6%
Amounts payable within one year42/48€98€52€124€1,752€94▼ 94.6%
Trade debts44€98€52€113€1,731€73▼ 95.8%
Suppliers440/4-€52€113€1,731€73▼ 95.8%
Other amounts payable47/48--€11€21€21=
Accrued charges and deferred income492/3-€282€290---
Line20202021202220232024Change
Profit (loss) for the period9904€25,883€26,687€25,618€28,248€32,500▲ 15.1%
+ Depreciation and write-downs630€1,583€914€914€914€914=
Operating cash flow (approximation)€27,466€27,602€26,532€29,163€33,415▲ 14.6%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€26,950€26,900€29,322€34,725▲ 18.4%

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
23-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial Highest result since 2018net €32,500 ▲15.1%
Operating result €41,057, net result €32,500, both a record.
31-12
Financial Liquidity times 22current ratio 2465.98
Current ratio from 113.95 to 2465.98; short-term debt falls from €1,752 to €94.
18-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Equity above €200,000Eq €224,992 ▲12.8%
5 profitable years in a row build equity to €224,992.
22-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Liquidity doublescurrent ratio 2720.77
Current ratio from 1175.01 to 2720.77; short-term debt falls from €98 to €52.
29-06
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial Liquidity doublescurrent ratio 1175.01
Current ratio from 569.91 to 1175.01; short-term debt falls from €154 to €98.
31-12
Financial Equity above €150,000Eq €172,686 ▲17.6%
3 profitable years in a row build equity to €172,686.
17-07
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial Liquidity times 7current ratio 569.91
Current ratio from 76.81 to 569.91; short-term debt falls from €824 to €154.
09-07
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-03
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
16-06
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
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 10 acts read
About the unread acts

We know of 10 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
10 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, Sint-Niklaas · 1 establishment unit since 1987
seat establishment The establishment unit on the map
Ground area
1,773 m²
Building footprint
239 m²
Volume, LiDAR
1,360 m³
Parcel 46444D0463/00C000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
NV TEKO
Smisstraat 48, 9100 Sint-NiklaasNACE 70201
since 19872.030.111.911
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46444D0463/00C000 Flanders 1,773 m² 1 · 239 m² 9.0 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

1 owner

Chain of control

  1. ENIMCO 100%
  2. TEKO

Highest known parent: ENIMCO. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Identification & contact

Identification
Legal formPublic limited company
Founded20-08-1987
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

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