TENAX RUBBER
ActiveTENAX RUBBER has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €488k and a net result of €62k. Equity is growing by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 36% of 158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-1
Solvency58▼-17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.79 against 3.29 in 2024; short-term debt: 18.6% and cash: 6.2% of total assets), but 67% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 22
Relative position
BE, all sectors
reference
Sector 22
higher
← fewer bankruptcies
more bankruptcies →
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
33%
Return on assets
4.2%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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 · 7 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
22 d late
2022
28 d late
2021
26 d late
2020
29 d late
2019
31 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€488k▲ 14.6%
2024 · €426k
2019: €134k
2020: €156k
2021: €268k
2022: €334k
2023: €383k
2024: €426k
2019 → 2025
Total assets
€1.48M▲ 73.2%
2024 · €855k
2019: €532k
2020: €563k
2021: €631k
2022: €819k
2023: €805k
2024: €855k
2019 → 2025
Net result
€62k▲ 45.4%
2024 · €43k
2019: €34k
2020: €22k
2021: €112k
2022: €66k
2023: €49k
2024: €43k
2019 → 2025
Working capital
€491k▲ 6.5%
2024 · €461k
2019: €209k
2020: €305k
2021: €438k
2022: €278k
2023: €455k
2024: €461k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€268k-€334k▲ 24.8%€383k▲ 14.6%€426k▲ 11.2%€488k▲ 14.6%
Operating result€150k-€90k▼ 40.1%€74k▼ 17.9%€74k=€94k▲ 27.1%
Net result€112k-€66k▼ 40.5%€49k▼ 26.4%€43k▼ 12.2%€62k▲ 45.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.48M
Fixed assets
€714k▲ 272%
Current assets
€766k▲ 15.6%
Equity and liabilities €1.48M
Equity
€488k▲ 14.6%
Debt
€992k▲ 131%
The debt ratio rises from 50.2% to 67.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€156k▲
2024 · €130k
Cash flow
€125k▲
2024 · €100k
Solvency
33.0%▼
2024 · 49.8%
Current ratio
2.79▼
2024 · 3.29
Quick ratio
1.77▼
2024 · 2.11
Debt / equity
2.03▲
2024 · 1.01
ROE
12.8%▲
2024 · 10.1%
ROA
4.2%▼
2024 · 5.0%
Interest coverage
13.61▲
2024 · 8.16
Debt
€992k▲
2024 · €429k
Debt ≤ 1 year
€275k▲
2024 · €202k
Debt > 1 year
€717k▲
2024 · €227k
Income taxes
€23k▲
2024 · €18k
Staff costs
€148k▲
2024 · €104k
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€855k€1.48M▲
Fixed assets21/28€192k€714k▲
Intangible fixed assets21€1k€1k▼
Tangible fixed assets22/27€190k€212k▲
Plant, machinery and equipment23€190k€141k▼
Assets under construction and advance payments27-€72k
Financial fixed assets28€250€500k▲
Current assets29/58€663k€766k▲
Stocks and contracts in progress3€238k€279k▲
Stocks30/36€238k€279k▲
Amounts receivable within one year40/41€364k€371k▲
Trade receivables40€183k€161k▼
Other amounts receivable41€181k€210k▲
Current investments50/53€12k€12k=
Cash at bank and in hand54/58€37k€92k▲
Deferred charges and accrued income490/1€12k€12k▼
Equity and liabilities
Total equity and liabilities10/49€855k€1.48M▲
Equity10/15€426k€488k▲
Contributions10/11€100k€100k=
Reserves13€322k€382k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€320k€380k▲
Profit (loss) carried forward14€4k€6k▲
Amounts payable17/49€429k€992k▲
Amounts payable after more than one year17€227k€717k▲
Financial debts170/4€227k€717k▲
Amounts payable within one year42/48€202k€275k▲
Current portion of amounts payable after more than one year42€88k€81k▼
Financial debts43-€35k
Credit institutions430/8-€35k
Trade debts44€22k€42k▲
Suppliers440/4€22k€42k▲
Taxes, remuneration and social security45€78k€105k▲
Taxes450/3€74k€98k▲
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€13k€12k▼
Accrued charges and deferred income492/3€202€127▼
Income statement
Code20242025
Non-recurring operating income76A€119€0▼
Remuneration, social security and pensions62€104k€148k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€63k▲
Other operating charges640/8€9k€8k▼
Non-recurring operating charges66A€409€0▼
Gross operating margin9900€245k€313k▲
Operating profit (loss)9901€74k€94k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€16k€12k▼
Recurring financial charges65€16k€12k▼
Profit (loss) for the period before taxes9903€61k€85k▲
Income taxes67/77€18k€23k▲
Profit (loss) for the period9904€43k€62k▲
Profit (loss) for the period to be appropriated9905€43k€62k▲
Appropriation of the result
Profit (loss) to be appropriated9906€44k€66k▲
Profit (loss) brought forward from the previous period14P€1k€4k▲
Transfer to equity691/2€40k€60k▲
To other reserves6921€40k€60k▲
Social balance
Average headcount (FTE)90872.52.8▲
The notes to these accounts (25 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 · abbreviated schema · 28 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
31-12
Financial
Highest result since 2019net €112k ▲409%
Operating result €150k, net result €112k, both a record.
31-12
Financial
Equity above €200kEq €268k ▲71.6%
3 profitable years in a row build equity to €268k.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 29 days late
2020
31-12
Financial
Weakest financial yearnet €22k ▼35.8%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €156k ▲16.3%
2 profitable years in a row build equity to €156k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
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, Hooglede · 1 establishment unit since 2018
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.
Meiboomstraat 148830 HoogledeGround area
1,087 m²
Building footprint
656 m²
Volume, LiDAR
2,983 m³
Parcel 36006C1216/00B002, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TENAX RUBBER
since 20182.279.500.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36006C1216/00B002 | Flanders | 1,087 m² | 1 · 656 m² | 8.2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 317 EUR awarded · 317 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 317 EUR | 317 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 161 companies in sector 22120 we hold annual accounts for 111. 74 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-06-2018
Fiscal year end31-12
Activities, NACEBEL
22120Manufacture of rubber and plastic products
70100Activities of head offices
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.