TELBOUW
ActiveThe computed 12-month bankruptcy probability of TELBOUW is 1.9% (moderate). The 2024 annual accounts show negative equity (€-21k) and a net result of €-22k. Equity is shrinking by ~131.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 9688 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency67▲+53
Growth32=
Stability94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 465.98 against 1.04 in 2023), but equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-226.4%
Return on assets
-232%
Age of the figures
20 mo
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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year -€21k
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 25-06-2025, 36 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
36 d early
2022
34 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-21k
2023 · €528
2022: €13k
2023: €528
2022 → 2024
Total assets
€9k▼ 40.1%
2023 · €16k
2022: €436k
2023: €16k
2022 → 2024
Net result
€-22k▼ 75.2%
2023 · €-12k
2022: €3k
2023: €-12k
2022 → 2024
Working capital
€9k▲ 1,617%
2023 · €541
2022: €13k
2023: €541
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€13k-€528▼ 95.9%€-21k
Operating result€13k-€-7k€-21k▼ 194%
Net result€3k-€-12k€-22k▼ 75.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2024 against €7k in 2023; the loss grows and 2024 is the lowest year so far.
Key figures and ratios
Solvency
-226.4%▼
2023 · 3.4%
Current ratio
465.98▲
2023 · 1.04
Quick ratio
465.98▲
2023 · 1.04
Debt / equity
-1.44▼
2023 · 28.43
ROE
102.5%▲
2023 · -2335.1%
ROA
-232.0%▼
2023 · -79.4%
Debt
€30k▲
2023 · €15k
Debt ≤ 1 year
€20▼
2023 · €15k
Debt > 1 year
€30k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Total assets
20/58€16k€9k▼
Current assets
29/58€16k€9k▼
Amounts receivable within one year
40/41€6k€7k▲
Cash & bank
54/58€8k€3k▼
Total equity & liabilities
10/49€16k€9k▼
Equity
10/15€528€-21k▼
Contributions / capital
10/11€10k€10k=
Reserves
13€3k€3k=
Accumulated profits (losses)
14€-12k€-34k▼
Amounts payable
17/49€15k€30k▲
Amounts payable after one year
17-€30k
Amounts payable within one year
42/48€15k€20▼
Income statement
Code20232024
Gross operating margin
9900€-7k€-20k▼
Operating result
9901€-7k€-21k▼
Financial charges
65€5k€365▼
Result before taxes
9903€-12k€-22k▼
Income taxes
67/77€-110-
Net result for the period
9904€-12k€-22k▼
Result to be appropriated
9905€-12k€-22k▼
Timeline · acts, filings and financial milestones
2025
26-09
State Gazette act
Registered-office change
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series.
31-12
Financial
Liquidity times 450current ratio 465.98
Current ratio from 1.04 to 465.98; short-term debt falls from €15k to €20.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Comparable companies · same sector, comparable size
Similar companies · same sector, comparable size
TechBuild
BE 0786.662.674
Ham · Eq €525
Botanica
BE 0794.208.185
Sint-Truiden · Eq €536
AKG Invest
BE 1029.579.774
Etterbeek · Eq €539
BENOZZI IMMO
BE 0752.710.496
Erquelinnes · Eq €544
DEBEERST CONSTRUCT
BE 1022.198.668
Bredene · Eq €550
Of 9,643 companies in sector 68121 we hold annual accounts for 7,108. 431 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-06-2021
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68110Buying and selling of own real estate
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 20-07-2026. Scores and ratios are computed by Checked and are not a credit decision.