TEMSAN
ActiveSummary
TEMSAN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€122,762) and a net result of €2,459. Equity is growing by ~5% per year across the filed fiscal years. Its solvency ranks better than 6% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▲+41
Solvency0=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.33 against 0.13 in 2024; short-term debt: 300.1% and cash: 60.3% of total assets), and equity is negative.
Credit check for your own amount and term
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Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-200.1%
Return on assets
4%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 18716 sector peers (2025).
NBB · sector comparisonPosition among 18716 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
13 d early
2023
26 d early
2022
4 d early
2021
5 d early
2020
11 d early
2019
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 24 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€122,762▲ 2.0%
2024 · -€125,220
Total assets
€61,335▲ 220%
2024 · €19,163
Net result
€2,459
2024 · -€1,979
Working capital
-€122,762▲ 2.0%
2024 · -€125,241
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,566▼ 52.6%€14,424▲ 90.6%€5,335▼ 63.0%-€202€3,997
Net result€6,766within the sector's middle half▼ 55.1%€13,225within the sector's middle half▲ 95.5%€3,334within the sector's middle half▼ 74.8%-€1,979within the sector's middle half€2,459within the sector's middle half
Equity-€139,801below the sector's middle half▲ 4.6%-€126,575below the sector's middle half▲ 9.5%-€123,241below the sector's middle half▲ 2.6%-€125,220below the sector's middle half▼ 1.6%-€122,762below the sector's middle half▲ 2.0%
Total assets€33,502below the sector's middle half▲ 38.2%€40,540below the sector's middle half▲ 21.0%€33,441below the sector's middle half▼ 17.5%€19,163below the sector's middle half▼ 42.7%€61,335within the sector's middle half▲ 220%
Debt€173,303▲ 1.5%€167,116▼ 3.6%€156,683▼ 6.2%€144,383▼ 7.8%€184,097▲ 27.5%
Working capital-€139,801below the sector's middle half▲ 4.6%-€127,269below the sector's middle half▲ 9.0%-€123,599below the sector's middle half▲ 2.9%-€125,241below the sector's middle half▼ 1.3%-€122,762below the sector's middle half▲ 2.0%
Solvency-417.3%below the sector's middle half▲ 187.2pp-312.2%below the sector's middle half▲ 105.1pp-368.5%below the sector's middle half▼ 56.3pp-653.4%below the sector's middle half▼ 284.9pp-200.1%below the sector's middle half▲ 453.3pp
Current ratio0.19below the sector's middle half▲ 0.050.24below the sector's middle half▲ 0.050.21below the sector's middle half▼ 0.030.13below the sector's middle half▼ 0.080.33below the sector's middle half▲ 0.20
Return on assets (ROA)20.2%above the sector's middle half▼ 41.9pp32.6%above the sector's middle half▲ 12.4pp10.0%within the sector's middle half▼ 22.7pp-10.3%below the sector's middle half▼ 20.3pp4.0%within the sector's middle half▲ 14.3pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,997 after a loss of €202 in 2024.
Key figures and ratios
EBITDA
€4,018▲
2024 · €134
Cash flow
€2,480▲
2024 · -€1,643
Quick ratio
0.20▲
2024 · 0.02
Debt to equity
-1.50▼
2024 · -1.15
Interest coverage
2.96▲
2024 · 0.08
Debt ≤ 1 year
€184,097▲
2024 · €144,383
Income taxes
€181▼
2024 · €200
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 1,448 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,362 | €0 | - | €673 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €315 | €336 | €336 | €21 | ▼ 93.7% |
| Other operating charges640/8 | €998 | €764 | €976 | €811 | €1,031 | ▲ 27.2% |
| Gross operating margin9900 | €8,564 | €15,503 | €6,647 | €945 | €5,049 | ▲ 434% |
| Operating profit (loss)9901 | €7,566 | €14,424 | €5,335 | -€202 | €3,997 | ▲ 2,081% |
| Financial income75/76B | €54 | €200 | €1 | €23 | €0 | ▼ 100% |
| Recurring financial income75 | €54 | €200 | €1 | €23 | €0 | ▼ 100% |
| Financial charges65/66B | €648 | €1,187 | €1,794 | €1,600 | €1,357 | ▼ 15.2% |
| Recurring financial charges65 | €648 | €1,187 | €1,794 | €1,600 | €1,357 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €6,972 | €13,437 | €3,543 | -€1,779 | €2,640 | ▲ 248% |
| Income taxes67/77 | €206 | €212 | €209 | €200 | €181 | ▼ 9.4% |
| Profit (loss) for the period9904 | €6,766 | €13,225 | €3,334 | -€1,979 | €2,459 | ▲ 224% |
| Profit (loss) for the period to be appropriated9905 | €6,766 | €13,225 | €3,334 | -€1,979 | €2,459 | ▲ 224% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,502 | €40,540 | €33,441 | €19,163 | €61,335 | ▲ 220% |
| Fixed assets21/28 | - | €693 | €357 | €21 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | - | €693 | €357 | €21 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €693 | €357 | €21 | €0 | ▼ 100% |
| Current assets29/58 | €33,502 | €39,847 | €33,084 | €19,142 | €61,335 | ▲ 220% |
| Stocks and contracts in progress3 | €13,822 | €16,684 | €24,809 | €15,582 | €23,640 | ▲ 51.7% |
| Stocks30/36 | €13,822 | €16,684 | €24,809 | €15,582 | €23,640 | ▲ 51.7% |
| Amounts receivable within one year40/41 | €6,460 | €10,646 | €5,471 | €285 | €49 | ▼ 82.9% |
| Trade receivables40 | €6,116 | €9,397 | €5,191 | €47 | €0 | ▼ 100% |
| Other amounts receivable41 | €344 | €1,249 | €280 | €238 | €49 | ▼ 79.6% |
| Cash at bank and in hand54/58 | €12,637 | €11,712 | €1,067 | €1,656 | €37,001 | ▲ 2,135% |
| Deferred charges and accrued income490/1 | €584 | €804 | €1,736 | €1,619 | €645 | ▼ 60.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,502 | €40,540 | €33,441 | €19,163 | €61,335 | ▲ 220% |
| Equity10/15 | -€139,801 | -€126,575 | -€123,241 | -€125,220 | -€122,762 | ▲ 2.0% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Profit (loss) carried forward14 | -€154,801 | -€141,575 | -€138,241 | -€140,220 | -€137,762 | ▲ 1.8% |
| Amounts payable17/49 | €173,303 | €167,116 | €156,683 | €144,383 | €184,097 | ▲ 27.5% |
| Amounts payable within one year42/48 | €173,303 | €167,116 | €156,683 | €144,383 | €184,097 | ▲ 27.5% |
| Financial debts43 | - | - | €4 | €291 | €277 | ▼ 4.6% |
| Credit institutions430/8 | - | - | €4 | €291 | €277 | ▼ 4.6% |
| Trade debts44 | €15,076 | €8,647 | €3,289 | €2,520 | €33,976 | ▲ 1,248% |
| Suppliers440/4 | €15,076 | €8,647 | €3,289 | €2,520 | €33,976 | ▲ 1,248% |
| Taxes, remuneration and social security45 | €3,839 | €4,591 | €1,714 | €1,895 | €4,417 | ▲ 133% |
| Taxes450/3 | €2,839 | €4,591 | €1,714 | €1,895 | €4,417 | ▲ 133% |
| Remuneration and social security454/9 | €1,000 | €0 | - | - | - | - |
| Other amounts payable47/48 | €154,388 | €153,878 | €151,676 | €139,678 | €145,427 | ▲ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,766 | €13,225 | €3,334 | -€1,979 | €2,459 | ▲ 224% |
| + Depreciation and write-downs630 | - | €315 | €336 | €336 | €21 | ▼ 93.7% |
| Operating cash flow (approximation) | €6,766 | €13,540 | €3,670 | -€1,643 | €2,480 | ▲ 251% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | €0 | - |
| Change in cash | - | -€925 | -€10,645 | €589 | €35,346 | ▲ 5,902% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2,459
Net result €2,459 after one loss-making year.
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€1,979
Net result drops to -€1,979, the lowest in the series; recovery starts the following year.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €15,055 ▲2,993%
Operating result €15,975, net result €15,055, both a record.
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 6 days late
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 73 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brakel · 1 establishment unit since 2005
Ground area
2,219 m²
Building footprint
176 m²
Volume, LiDAR
813 m³
Parcel 45012C0048/02C000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TEMSAN
since 20052.145.361.272
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45012C0048/02C000 | Flanders | 2,219 m² | 1 · 176 m² | 7.1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 74 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 74 EUR | 0 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrakel2.145.361.272
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 12,951 companies in sector 47120 we hold annual accounts for 2,192. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-02-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
46341Wholesale of wines and spirits
47251Retail sale of wines and spirits
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871885587
Also
9925:BE0871885587
Registered
23-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.