TELL21
ActiveSummary
TELL21 has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €916k and a net result of €196k. Equity is growing by ~40% per year across the filed fiscal years. Its solvency ranks better than 30% of 4886 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-9
Solvency52▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.57 in 2024; short-term debt: 37% and cash: 13.4% of total assets), but 73.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
26.9%
Return on assets
5.8%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
2 d late
2024
21 d early
2023
5 d early
2022
17 d late
2021
1 d late
2020
2 d early
2018
30 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€196k▼ 50.9%
2024 · €400k
2018: €-60k
2020: €-89klowest value
2021: €171k▲ +292% vs 2020
2022: €283k▲ +65.6% vs 2021
2023: €246k▼ -13.1% vs 2022
2024: €400k▲ +62.4% vs 2023highest value
2025: €196k▼ -50.9% vs 2024
2018 → 2025
Working capital
€729k▲ 25.1%
2024 · €583k
2018: €-209klowest value
2020: €-97k
2021: €20k▲ +121% vs 2020
2022: €227k▲ +1025% vs 2021
2023: €347k▲ +53.0% vs 2022
2024: €583k▲ +68.0% vs 2023
2025: €729k▲ +25.1% vs 2024highest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€220k-€417k▲ 89.2%€513k▲ 23.1%€720k▲ 40.3%€916k▲ 27.3%
2021: €220klowest in 5 years
2022: €417k▲ +89.2% vs 2021
2023: €513k▲ +23.1% vs 2022
2024: €720k▲ +40.3% vs 2023
2025: €916k▲ +27.3% vs 2024highest in 5 years
Operating result€236k-€355k▲ 50.7%€351k▼ 1.2%€640k▲ 82.6%€334k▼ 47.8%
2021: €236klowest in 5 years
2022: €355k▲ +50.7% vs 2021
2023: €351k▼ -1.2% vs 2022
2024: €640k▲ +82.6% vs 2023highest in 5 years
2025: €334k▼ -47.8% vs 2024
Net result€171k-€283k▲ 65.6%€246k▼ 13.1%€400k▲ 62.4%€196k▼ 50.9%
2021: €171klowest in 5 years
2022: €283k▲ +65.6% vs 2021
2023: €246k▼ -13.1% vs 2022
2024: €400k▲ +62.4% vs 2023highest in 5 years
2025: €196k▼ -50.9% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.40M
Fixed assets
€1.41M ▲ 1.7%
Current assets
€1.99M ▲ 24.2%
Equity and liabilities €3.40M
Equity
€916k ▲ 27.3%
Debt
€2.48M ▲ 9.5%
Debt's share of the balance-sheet total falls from 75.9% to 73.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€567k▼
2024 · €862k
Cash flow
€429k▼
2024 · €622k
Current ratio
1.58▲
2024 · 1.57
Quick ratio
1.31▲
2024 · 1.21
Debt to equity
2.71▼
2024 · 3.15
ROE
21.4%▼
2024 · 55.6%
ROA
5.8%▼
2024 · 13.4%
Interest coverage
9.58▼
2024 · 12.31
Debt ≤ 1 year
€1.26M▲
2024 · €1.02M
Debt > 1 year
€1.23M▼
2024 · €1.25M
Income taxes
€86k▼
2024 · €175k
Staff costs
€273k▲
2024 · €235k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 61 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.99M€3.40M▲
Fixed assets21/28€1.39M€1.41M▲
Tangible fixed assets22/27€1.39M€1.41M▲
Land and buildings22€1.31M€1.29M▼
Plant, machinery and equipment23€31k€83k▲
Furniture and vehicles24€33k€31k▼
Leasing and similar rights25€11k€8k▼
Assets under construction and advance payments27€3k-
Financial fixed assets28€2k€2k=
Current assets29/58€1.60M€1.99M▲
Amounts receivable after more than one year29-€362k
Other amounts receivable291-€362k
Stocks and contracts in progress3€373k€339k▼
Stocks30/36€373k€339k▼
Amounts receivable within one year40/41€534k€822k▲
Trade receivables40€383k€257k▼
Other amounts receivable41€151k€565k▲
Cash at bank and in hand54/58€658k€455k▼
Deferred charges and accrued income490/1€33k€7k▼
Equity and liabilities
Total equity and liabilities10/49€2.99M€3.40M▲
Equity10/15€720k€916k▲
Contributions10/11€200k€200k=
Reserves13€190k€386k▲
Distributable reserves133€190k€386k▲
Profit (loss) carried forward14€330k€330k=
Amounts payable17/49€2.27M€2.48M▲
Amounts payable after more than one year17€1.25M€1.23M▼
Financial debts170/4€1.25M€1.23M▼
Amounts payable within one year42/48€1.02M€1.26M▲
Current portion of amounts payable after more than one year42€160k€151k▼
Financial debts43€67k€109k▲
Credit institutions430/8€67k€109k▲
Trade debts44€473k€908k▲
Suppliers440/4€473k€908k▲
Advances received on contracts in progress46€5k€5k=
Taxes, remuneration and social security45€201k€85k▼
Taxes450/3€156k€33k▼
Remuneration and social security454/9€45k€52k▲
Other amounts payable47/48€111k-
Income statement
Code20242025
Remuneration, social security and pensions62€235k€273k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€222k€233k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€11k
Other operating charges640/8€32k€43k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€1.13M€895k▼
Operating profit (loss)9901€640k€334k▼
Financial income75/76B€5k€7k▲
Recurring financial income75€5k€7k▲
Financial charges65/66B€70k€59k▼
Recurring financial charges65€70k€59k▼
Profit (loss) for the period before taxes9903€576k€282k▼
Income taxes67/77€175k€86k▼
Profit (loss) for the period9904€400k€196k▼
Profit (loss) for the period to be appropriated9905€400k€196k▼
Appropriation of the result
Profit (loss) to be appropriated9906€730k€526k▼
Profit (loss) brought forward from the previous period14P€330k€330k=
Transfer to equity691/2€190k€196k▲
To other reserves6921€190k€196k▲
Profit to be distributed694/7€210k-
Return on contributions (dividend)694€210k-
Social balance
Average headcount (FTE)908711.111.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | - | - | - |
| Remuneration, social security and pensions62 | - | €106k | €161k | €235k | €273k | ▲ 15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €167k | €180k | €199k | €222k | €233k | ▲ 4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €11k | - |
| Other operating charges640/8 | - | €34k | €18k | €32k | €43k | ▲ 33.1% |
| Non-recurring operating charges66A | - | - | - | - | €2k | - |
| Gross operating margin9900 | €478k | €675k | €729k | €1.13M | €895k | ▼ 20.8% |
| Operating profit (loss)9901 | €236k | €355k | €351k | €640k | €334k | ▼ 47.8% |
| Financial income75/76B | - | €0 | €13 | €5k | €7k | ▲ 42.1% |
| Recurring financial income75 | €1 | €0 | €13 | €5k | €7k | ▲ 42.1% |
| Financial charges65/66B | - | €72k | €57k | €70k | €59k | ▼ 15.5% |
| Recurring financial charges65 | €65k | €72k | €57k | €70k | €59k | ▼ 15.5% |
| Profit (loss) for the period before taxes9903 | €171k | €284k | €293k | €576k | €282k | ▼ 50.9% |
| Income taxes67/77 | - | €163 | €47k | €175k | €86k | ▼ 50.9% |
| Profit (loss) for the period9904 | €171k | €283k | €246k | €400k | €196k | ▼ 50.9% |
| Profit (loss) for the period to be appropriated9905 | €171k | €283k | €246k | €400k | €196k | ▼ 50.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.12M | €2.37M | €2.46M | €2.99M | €3.40M | ▲ 13.8% |
| Fixed assets21/28 | €1.73M | €1.64M | €1.58M | €1.39M | €1.41M | ▲ 1.7% |
| Tangible fixed assets22/27 | €1.73M | €1.64M | €1.57M | €1.39M | €1.41M | ▲ 1.7% |
| Land and buildings22 | - | €1.56M | €1.46M | €1.31M | €1.29M | ▼ 1.5% |
| Plant, machinery and equipment23 | - | €41k | €45k | €31k | €83k | ▲ 170% |
| Furniture and vehicles24 | - | €44k | €66k | €33k | €31k | ▼ 6.6% |
| Leasing and similar rights25 | - | - | - | €11k | €8k | ▼ 26.1% |
| Assets under construction and advance payments27 | - | - | - | €3k | - | - |
| Financial fixed assets28 | - | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €387k | €728k | €885k | €1.60M | €1.99M | ▲ 24.2% |
| Amounts receivable after more than one year29 | - | - | - | - | €362k | - |
| Other amounts receivable291 | - | - | - | - | €362k | - |
| Stocks and contracts in progress3 | €170k | €396k | €323k | €373k | €339k | ▼ 9.1% |
| Stocks30/36 | - | €396k | €323k | €373k | €339k | ▼ 9.1% |
| Amounts receivable within one year40/41 | €64k | €298k | €266k | €534k | €822k | ▲ 53.9% |
| Trade receivables40 | - | €298k | €232k | €383k | €257k | ▼ 32.9% |
| Other amounts receivable41 | - | - | €35k | €151k | €565k | ▲ 273% |
| Cash at bank and in hand54/58 | €153k | €33k | €275k | €658k | €455k | ▼ 30.8% |
| Deferred charges and accrued income490/1 | - | €939 | €20k | €33k | €7k | ▼ 78.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.12M | €2.37M | €2.46M | €2.99M | €3.40M | ▲ 13.8% |
| Equity10/15 | €220k | €417k | €513k | €720k | €916k | ▲ 27.3% |
| Contributions10/11 | - | €200k | €200k | €200k | €200k | = |
| Reserves13 | - | - | - | €190k | €386k | ▲ 103% |
| Distributable reserves133 | - | - | - | €190k | €386k | ▲ 103% |
| Profit (loss) carried forward14 | €20k | €217k | €313k | €330k | €330k | = |
| Amounts payable17/49 | €1.90M | €1.96M | €1.95M | €2.27M | €2.48M | ▲ 9.5% |
| Amounts payable after more than one year17 | €1.53M | €1.45M | €1.41M | €1.25M | €1.23M | ▼ 2.1% |
| Financial debts170/4 | - | €1.45M | €1.41M | €1.25M | €1.23M | ▼ 2.1% |
| Amounts payable within one year42/48 | €367k | €501k | €538k | €1.02M | €1.26M | ▲ 23.7% |
| Current portion of amounts payable after more than one year42 | - | €122k | €145k | €160k | €151k | ▼ 5.7% |
| Financial debts43 | - | €25k | €80k | €67k | €109k | ▲ 62.5% |
| Credit institutions430/8 | - | €25k | €80k | €67k | €109k | ▲ 62.5% |
| Trade debts44 | €213k | €310k | €214k | €473k | €908k | ▲ 92.0% |
| Suppliers440/4 | - | €310k | €214k | €473k | €908k | ▲ 92.0% |
| Advances received on contracts in progress46 | - | - | €5k | €5k | €5k | = |
| Taxes, remuneration and social security45 | - | €44k | €45k | €201k | €85k | ▼ 57.9% |
| Taxes450/3 | - | €28k | €32k | €156k | €33k | ▼ 78.9% |
| Remuneration and social security454/9 | - | €16k | €13k | €45k | €52k | ▲ 15.0% |
| Other amounts payable47/48 | - | €972 | €49k | €111k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €171k | €283k | €246k | €400k | €196k | ▼ 50.9% |
| + Depreciation and write-downs630 | €167k | €180k | €199k | €222k | €233k | ▲ 4.8% |
| Operating cash flow (approximation) | €338k | €464k | €446k | €622k | €429k | ▼ 31.0% |
| Investment in fixed assets (approximation) | - | €-96k | €-132k | €-35k | €-257k | ▼ 624% |
| Change in cash | - | €-120k | €242k | €383k | €-203k | ▼ 153% |
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
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 2 days late
2025
10-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Highest result since 2018net €400k ▲62.4%
Operating result €640k, net result €400k, both a record.
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €500kEq €513k ▲23.1%
3 profitable years in a row build equity to €513k.
17-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
30-06
Financial
Back to profitnet €171k
Net result €171k after 2 loss-making years.
30-06
Financial
Equity above €200kEq €220k ▲349%
Equity rises from €49k to €220k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-89k
Net result drops to €-89k, the lowest in the series; recovery starts the following year.
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
11-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Onhaye · 1 establishment unit since 2016
Ground area
6,247 m²
Building footprint
309 m²
Volume, LiDAR
1,285 m³
Parcel 93002B0429/00A000, Wallonia · tallest building 4.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TELL21
since 20162.264.455.991
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93002B0429/00A000 | Wallonia | 6,247 m² | 1 · 309 m² | 4.8 m · 1 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
Food safety, FASFC
1 siteOnhaye2.264.455.991
Legal Entity Identifier
254900L5EZZTBDV98D60
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Of 537 companies in sector 46120 we hold annual accounts for 304. 184 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
Founded18-11-2016
Fiscal year end30-06
Activities, NACEBEL 2025
46120Wholesale trade
47300Retail sale of automotive fuel
Scores and ratios are computed by Checked and are not a credit decision.