Tell-Ex
ActiveTell-Ex has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89k and a net result of €23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 4488 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+1
Solvency84▲+18
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 0.77 in 2024; short-term debt: 39.5% and cash: 15.1% of total assets), and 40.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
59.3%
Return on assets
15.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €89k
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d early
2023
29 d early
2022
32 d early
2021
33 d early
2020
33 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€89k▲ 35.7%
2024 · €66k
2018: €77k
2019: €41k
2020: €8k
2021: €-2k
2022: €4k
2023: €42k
2024: €66k
2018 → 2025
Total assets
€151k▼ 6.8%
2024 · €162k
2018: €346k
2019: €252k
2020: €150k
2021: €119k
2022: €82k
2023: €100k
2024: €162k
2018 → 2025
Net result
€23k▼ 1.1%
2024 · €24k
2018: €-22k
2019: €-37k
2020: €-33k
2021: €-10k
2022: €6k
2023: €38k
2024: €24k
2018 → 2025
Working capital
€14k
2024 · €-22k
2018: €-49k
2019: €-47k
2020: €-68k
2021: €-29k
2022: €-21k
2023: €3k
2024: €-22k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€4k€42k▲ 952%€66k▲ 56.4%€89k▲ 35.7%
Operating result€-6k-€6k€39k▲ 505%€29k▼ 26.6%€39k▲ 36.9%
Net result€-10k-€6k€38k▲ 574%€24k▼ 37.7%€23k▼ 1.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €151k
Fixed assets
€77k▼ 12.0%
Current assets
€74k▼ 0.5%
Equity and liabilities €151k
Equity
€89k▲ 35.7%
Debt
€61k▼ 35.9%
The debt ratio falls from 59.3% to 40.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60k▲
2024 · €42k
Cash flow
€44k▲
2024 · €37k
Solvency
59.3%▲
2024 · 40.7%
Current ratio
1.24▲
2024 · 0.77
Quick ratio
1.24▲
2024 · 0.77
Debt / equity
0.69▼
2024 · 1.45
ROE
26.3%▼
2024 · 36.1%
ROA
15.6%▲
2024 · 14.7%
Interest coverage
20.46▼
2024 · 98.29
Debt
€61k▼
2024 · €96k
Debt ≤ 1 year
€60k▼
2024 · €96k
Income taxes
€13k▲
2024 · €5k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€162k€151k▼
Fixed assets21/28€88k€77k▼
Tangible fixed assets22/27€86k€75k▼
Land and buildings22€30k€27k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€48k€41k▼
Financial fixed assets28€2k€2k=
Current assets29/58€74k€74k▼
Amounts receivable within one year40/41€22k€47k▲
Trade receivables40€21k€47k▲
Other amounts receivable41€241-
Cash at bank and in hand54/58€46k€23k▼
Deferred charges and accrued income490/1€7k€4k▼
Equity and liabilities
Total equity and liabilities10/49€162k€151k▼
Equity10/15€66k€89k▲
Contributions10/11€19k€19k=
Reserves13€118k€142k▲
Tax-exempt reserves132€20k€20k=
Distributable reserves133€98k€122k▲
Profit (loss) carried forward14€-71k€-71k=
Amounts payable17/49€96k€61k▼
Amounts payable within one year42/48€96k€60k▼
Trade debts44€44k€9k▼
Suppliers440/4€44k€9k▼
Taxes, remuneration and social security45€9k€18k▲
Taxes450/3€9k€18k▲
Other amounts payable47/48€43k€33k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€20k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€569-
Other operating charges640/8€890€2k▲
Non-recurring operating charges66A-€18
Gross operating margin9900€44k€61k▲
Operating profit (loss)9901€29k€39k▲
Financial income75/76B€371€197▼
Recurring financial income75€371€197▼
Financial charges65/66B€428€3k▲
Recurring financial charges65€428€3k▲
Profit (loss) for the period before taxes9903€29k€36k▲
Income taxes67/77€5k€13k▲
Profit (loss) for the period9904€24k€23k▼
Profit (loss) for the period to be appropriated9905€24k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€-47k▼
Profit (loss) brought forward from the previous period14P€-71k€-71k=
Transfer to equity691/2€24k€23k▼
To other reserves6921€24k€23k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €38k ▲574%
Net result €38k, the highest in the series.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €6k
Net result €6k after 4 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Dentergem · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Deinzestraat(Oes) 1448720 DentergemGround area
4,307 m²
Building footprint
271 m²
Volume, LiDAR
858 m³
Parcel 37008A0166/00B000, Flanders · tallest building 4.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TELL-EX
since 20102.191.882.967
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37008A0166/00B000 | Flanders | 4,307 m² | 1 · 271 m² | 4.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,605 companies in sector 49410 we hold annual accounts for 8,195. 6,315 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-09-2010
Fiscal year end31-12
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.