TEMPCO
ActiveSummary
TEMPCO has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176,864 and a net result of -€140,745. Equity has been stable since 2018 (±2.4% per year). Its solvency ranks better than 14% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-03-1996 Normal situation
- Activity
- Wholesale trade NACE 46646and 2 others
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2024
- Establishment units
- 2.076.443.960 4040 Herstal, since 07-05-1996
- 2.243.284.257 3500 Hasselt, since 20-05-2015
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- SEDGEManaging director · permanent representative BONHOMME Frédéric
- DJODirector · since 12-06-2023 · permanent representative DEQUEKER Jocelyne
- FIDUCIAIRE AU CARREDirector · since 12-06-2023 · permanent representative DENYS Bernard
- SEDGE100%· score 942025 annual accounts of SEDGE
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.5%
- Gross margin
- €573,525
- ▼ 17.0%
- Turnover
- ≈ €2.9m
- estimated
- Loss
- €140,745
- Equity
- €176,864
- ▼ 44.3%
- Total assets
- €1.6m
- ▼ 7.4%
- Employees on 31-12-2025
- 6
- =
Score breakdownraises riskLoss of €140,745 (financial year 2025)Equity €176,864 (10.9% of total assets)Sector: Wholesale trade (NACE 46)lowers riskLegal form: public limited companyShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 24% of them on solvency, 25% on liquidity, 20% on profitability and 11% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 31-07-2026 at the NBB all 29 filings
Every figure per financial year
The operating result for 2025 is a loss of €85,763, after a profit of €43,839 in 2024. It is the lowest result since 2021.
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 4 | 4 | 6 | 6 |
| full-time | 2 | 3 | 3 | 4 | 5 |
| part-time | 1 | 1 | 1 | 2 | 1 |
| in full-time equivalents | 2.8 | 3.8 | 3.8 | 5.3 | 5.8 |
| Average over the year, in full-time equivalents | 2.8 | 3.8 | 3.7 | 5 | 4.8 |
| On a permanent contract | 3 | 4 | 4 | 6 | 6 |
| Joined | - | 1 | 1 | 2 | 2 |
| Left | - | 0 | 1 | 0 | 2 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €161,215 | €161,215 | €161,215 | €161,215 | €161,215 |
| Carrying value of the mortgaged assets | €373,714 | €368,981 | €365,300 | €341,527 | €3.3m |
| Pledge on the business | - | €427,500 | €427,500 | €427,500 | €427,500 |
| Carrying value of the other pledged assets | €302,500 | - | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €24,598 | €69,096 | €59,390 | €34,190 | €14,513 |
| Intangible fixed assets | €53,528 | €67,217 | €87,991 | €157,067 | €61,100 |
| Financial fixed assets | - | €247 | - | - | €239 |
| Depreciation and write-downs of the year | €72,380 | €86,973 | €112,439 | €138,866 | €143,143 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €7,167 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €181,965 | €325,296 | €356,619 | €498,475 | €476,082 | ▼ 4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,090 | €53,127 | €58,180 | €72,380 | €86,973 | €112,439 | €138,866 | €143,143 | ▲ 3.1% |
| Other operating charges640/8 | - | - | - | €7,520 | €6,988 | €12,223 | €9,761 | €14,412 | ▲ 47.6% |
| Non-recurring operating charges66A | - | - | - | - | €124 | €0 | - | €25,651 | - |
| Gross operating margin9900 | €196,409 | €292,780 | €217,452 | €274,039 | €459,502 | €530,706 | €690,942 | €573,525 | ▼ 17.0% |
| Operating profit (loss)9901 | €37,301 | €116,798 | -€2,248 | €12,175 | €40,121 | €49,424 | €43,839 | -€85,763 | - |
| Financial income75/76B | - | - | - | €5,139 | €6,333 | €10,120 | €10,193 | €813 | ▼ 92.0% |
| Recurring financial income75 | €15,193 | €5,144 | €6,809 | €5,139 | €6,333 | €10,120 | €10,193 | €813 | ▼ 92.0% |
| Financial charges65/66B | - | - | - | €20,919 | €32,386 | €40,601 | €55,618 | €59,449 | ▲ 6.9% |
| Recurring financial charges65 | €35,053 | €28,932 | €20,027 | €20,919 | €27,215 | €40,601 | €55,618 | €59,449 | ▲ 6.9% |
| Non-recurring financial charges66B | - | - | - | - | €5,172 | €0 | - | - | - |
| Profit (loss) for the period before taxes9903 | €17,442 | €93,010 | -€15,465 | -€3,605 | €14,068 | €18,944 | -€1,587 | -€144,399 | ▼ 9,000% |
| Transfer from deferred taxes780 | - | - | - | €4,855 | €4,855 | €4,325 | €4,121 | €3,650 | ▼ 11.4% |
| Income taxes67/77 | €114 | €17,527 | €2,677 | €203 | €364 | €12,000 | -€4,245 | -€3 | ▲ 99.9% |
| Profit (loss) for the period9904 | €18,986 | €80,653 | -€13,287 | €1,047 | €18,559 | €11,269 | €6,779 | -€140,745 | - |
| Profit (loss) for the period to be appropriated9905 | €18,986 | €80,653 | -€13,287 | €1,047 | €18,559 | €11,269 | €6,779 | -€140,745 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.2m | €1.2m | €1.2m | €1.6m | €1.7m | €1.7m | €1.6m | ▼ 7.4% |
| Formation expenses20 | €0.002m | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.4m | €0.5m | €0.5m | €0.5m | €0.5m | €0.6m | €0.6m | €0.5m | ▼ 11.0% |
| Intangible fixed assets21 | €0.002m | - | €0.06m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 9.1% |
| Tangible fixed assets22/27 | €0.4m | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | €0.3m | ▼ 12.4% |
| Land and buildings22 | - | - | - | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 13.2% |
| Plant, machinery and equipment23 | - | - | - | €0.006m | €0.005m | €0.004m | €0.002m | €0.001m | ▼ 52.1% |
| Furniture and vehicles24 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | ▲ 7.5% |
| Financial fixed assets28 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▲ 23.9% |
| Current assets29/58 | €0.7m | €0.7m | €0.7m | €0.7m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 5.4% |
| Amounts receivable after more than one year29 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €67 | ▼ 98.3% |
| Trade receivables290 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €67 | ▼ 98.3% |
| Stocks and contracts in progress3 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 5.2% |
| Stocks30/36 | - | - | - | €0.3m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 5.2% |
| Amounts receivable within one year40/41 | €0.4m | €0.4m | €0.3m | €0.4m | €0.6m | €0.5m | €0.6m | €0.5m | ▼ 20.2% |
| Trade receivables40 | - | - | - | €0.4m | €0.6m | €0.5m | €0.6m | €0.5m | ▼ 19.4% |
| Other amounts receivable41 | - | - | - | €0.001m | €0.005m | €0.01m | €0.02m | €0.01m | ▼ 39.7% |
| Cash at bank and in hand54/58 | €0.04m | €0.08m | €0.1m | €0.04m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 27.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.005m | €0.002m | €0.005m | €0.02m | €0.02m | ▼ 10.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.2m | €1.2m | €1.2m | €1.6m | €1.7m | €1.7m | €1.6m | ▼ 7.4% |
| Equity10/15 | €0.2m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 44.3% |
| Contributions10/11 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Capital10 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Uncalled capital101 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Reserves13 | €0.01m | €0.03m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Profit (loss) carried forward14 | -€0.06m | €0.005m | €0.002m | €0.003m | €0.02m | €0.03m | €0.04m | -€0.1m | - |
| Investment grants15 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | ▲ 0.5% |
| Provisions and deferred taxes16 | €0.06m | €0.06m | €0.05m | €0.05m | €0.04m | €0.04m | €0.03m | €0.03m | ▼ 11.1% |
| Deferred taxes168 | - | - | - | €0.05m | €0.04m | €0.04m | €0.03m | €0.03m | ▼ 11.1% |
| Amounts payable17/49 | €0.8m | €0.8m | €0.9m | €0.9m | €1.3m | €1.3m | €1.4m | €1.4m | ▲ 1.1% |
| Amounts payable after more than one year17 | €0.1m | €0.3m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 21.8% |
| Financial debts170/4 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 21.8% |
| Amounts payable within one year42/48 | €0.7m | €0.5m | €0.5m | €0.5m | €0.9m | €1.0m | €1.1m | €1.1m | ▲ 8.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.04m | €0.06m | €0.07m | €0.08m | €0.07m | ▼ 9.7% |
| Financial debts43 | - | - | - | €0.2m | €0.5m | €0.5m | €0.6m | €0.7m | ▲ 8.0% |
| Credit institutions430/8 | - | - | - | €0.2m | €0.5m | €0.5m | €0.6m | €0.7m | ▲ 8.0% |
| Trade debts44 | €0.4m | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 23.0% |
| Suppliers440/4 | - | - | - | €0.2m | €0.2m | €0.3m | €0.2m | €0.3m | ▲ 23.0% |
| Advances received on contracts in progress46 | - | - | - | €0.02m | €0.02m | €0.02m | €0.008m | €0.01m | ▲ 56.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.1m | €0.09m | €0.1m | €0.1m | ▼ 10.9% |
| Taxes450/3 | - | - | - | €0.04m | €0.06m | €0.04m | €0.04m | €0.04m | ▼ 17.6% |
| Remuneration and social security454/9 | - | - | - | €0.03m | €0.05m | €0.05m | €0.08m | €0.08m | ▼ 7.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0.008m | €0.02m | €0.02m | €0.02m | ▼ 13.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,986 | €80,653 | -€13,287 | €1,047 | €18,559 | €11,269 | €6,779 | -€140,745 | - |
| + Depreciation and write-downs630 | €27,090 | €53,127 | €58,180 | €72,380 | €86,973 | €112,439 | €138,866 | €143,143 | ▲ 3.1% |
| Operating cash flow (approximation) | €46,077 | €133,780 | €44,893 | €73,427 | €105,532 | €123,708 | €145,646 | €2,398 | ▼ 98.4% |
| Investment in fixed assets (approximation) | - | -€150,985 | -€85,316 | -€67,787 | -€117,888 | -€147,380 | -€191,257 | -€75,851 | ▲ 60.3% |
| Change in cash | - | €42,068 | €36,206 | -€83,860 | €87,369 | €81,443 | -€55,038 | €41,944 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,450 companies had the same profile as TEMPCO has now. Two years later, 93.3% were still going and 1.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TEMPCO itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,450 companies, not a prediction for TEMPCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-07-2026 | 2026-00368221 | |
| 31-12-2024 | full format | 09-07-2025 | 2025-00266069 | |
| 31-12-2023 | full format | 14-06-2024 | 2024-00142696 | |
| 31-12-2022 | full format | 17-07-2023 | 2023-00247483 | |
| 31-12-2021 | full format | 29-06-2022 | 2022-20116342 | |
| 31-12-2020 | full format | 24-08-2021 | 2021-52300448 | |
| 31-12-2019 | full format | 24-07-2020 | 2020-36000430 | |
| 31-12-2018 | full format | 16-07-2019 | 2019-33500477 | |
| 31-12-2017 | full format | 24-07-2018 | 2018-36800598 | |
| 31-12-2016 | full format | 16-08-2017 | 2017-43700274 |
Board & ownership
Directors
Board 3
Day-to-day management 1
Permanent representatives 3
Owners and capital
Shareholders
1 ownerChain of control
- SEDGE
- TEMPCO
Owners 1
- SEDGEparentSourceaccounts SEDGE 2025Equity €337,163 Profit of €37,740 in 2025 (profit of €41,647 in 2024) Checked score 94100%
Capital transactions
- 12-06-2023 Capital stated in the deed · €259,087.86 · 1,262 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| DJO |
|
| FIDUCIAIRE AU CARRE |
|
| SEDGE |
|
Network & group
Connections & network
3 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
12-06
Gazette deed
Reappointments: SEDGE, DJO and ALLEMAND & DENYS – FIDUCIAIRE AU CARREPermanent representatives: BONHOMME Frédéric, DEQUEKER Jocelyne and DENYS Bernard · Amendment of the articles · Capital15 points ▸
- General meeting, 05-06-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital, €259,087.86
- General meeting, “adoptée” (deed in French)
- Registered office clause, “unanimité, 4040 Herstal,Quatrième Avenue 114” (deed in French)
- General meeting, “unanimité” (deed in French)
- Director reappointment, SEDGE (director)
- Permanent representative, BONHOMME Frédéric
- Director reappointment, DJO (director)
- Permanent representative, DEQUEKER Jocelyne
- Director reappointment, ALLEMAND & DENYS – FIDUCIAIRE AU CARRE (director)
- Permanent representative, DENYS Bernard
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
6 activities
- La gestion de tout patrimoine immobilier,notamment l’acquisition,la construction,l’aménagement,la location,la sous-location,l’échange et la vente de tout immeuble tant en usufruit qu’en nue-propriété et qu’en pleine propriété
- Le développement de projets immobiliers,industriels,commerciaux et financiers
- La réalisation de toutes les manières qui lui paraitront les mieux appropriées,de toutes opérations se rapportant directement ou indirectement à toutes transactions immobilières,notamment l’achat,la constitution,la vente,la location,la sous-location,la location-vente,l’exploitation,la gestion ou l’administration,la concession,le leasing et l’emphytéose,la construction,l’appropriation,la transformation,la mise en valeur,le lotissement,la division de tous biens immeubles bâtis ou non bâtis
- La gestion de tout patrimoine mobilier comprenant notamment l’acquisition et la vente de toutes formes de titres,actions,obligations,participations ou autres valeurs de portefeuille,de quelque nature que ce soit
- La réalisation de tous services et produits se rapportant,directement ou indirectement,tant pour son compte que pour le compte de tiers,tant en Belgique qu’à l’étranger,à l’assistance aux entreprises industrielles,commerciales ou autres,aux administrations,institutions ou organes publics,ainsi qu’aux associations de tous types et aux particuliers,sous forme d’études,de recherches et/ou conseils en tout matière,et notamment en matière de produits et services de toute nature,de marketing,de project management,de formation,motivation et organisation du management;ainsi que de la commercialisation sous toutes ses formes
- Toutes les opérations généralement quelconques se rapportant directement ou indirectement à la vente,l’importation,l’exportation,la représentation,la fabrication,l’installation,la maintenance ou la prestation de services relatifs à des biens d’équipements industriels se rapportant principalement à la mesure,à la régulation et au contrôle de pressions,de températures,niveaux,débits,concentration chimique,ou de toute autre grandeur physique ou chimique
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
This address was not found in the Belgian address register (BOSA BEST).
Parc Ind. des Hauts Sarts, 4e av 1144040 HerstalBuildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71326F0010/00C003 | Flanders | 5,413 m² | 1 · 1,479 m² | 20.9 m · 4 |