TENCO
ActiveSummary
TENCO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129,503 and a net result of €88,997. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 85% of 12860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 22.76 against 6.82 in 2024; short-term debt: 3.7% and cash: 27% of total assets), and 13.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← 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
86.3%
Return on assets
59.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-12-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
on the day
2023
on the day
2022
1 d early
2021
on the day
2020
40 d early
2019
1 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 10 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 31 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close30-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€129,503▲ 39.2%
2024 · €93,002
Total assets
€150,099▲ 40.4%
2024 · €106,927
Net result
€88,997▲ 125%
2024 · €39,604
Working capital
€121,778▲ 50.4%
2024 · €80,973
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€57,447▲ 43.4%€40,412▼ 29.7%€75,449▲ 86.7%€53,933▼ 28.5%€122,648▲ 127%
Net result€37,951within the sector's middle half▲ 44.8%€27,389within the sector's middle half▼ 27.8%€55,248within the sector's middle half▲ 102%€39,604within the sector's middle half▼ 28.3%€88,997above the sector's middle half▲ 125%
Equity€98,161within the sector's middle half▲ 39.8%€92,349within the sector's middle half▼ 5.9%€92,398within the sector's middle half▲ 0.1%€93,002within the sector's middle half▲ 0.7%€129,503within the sector's middle half▲ 39.2%
Total assets€200,652within the sector's middle half▼ 0.9%€168,799within the sector's middle half▼ 15.9%€137,365within the sector's middle half▼ 18.6%€106,927within the sector's middle half▼ 22.2%€150,099within the sector's middle half▲ 40.4%
Debt€102,492▼ 22.6%€76,449▼ 25.4%€44,968▼ 41.2%€13,925▼ 69.0%€20,596▲ 47.9%
Working capital€57,715within the sector's middle half▲ 119%€49,366within the sector's middle half▼ 14.5%€52,886within the sector's middle half▲ 7.1%€80,973within the sector's middle half▲ 53.1%€121,778within the sector's middle half▲ 50.4%
Solvency48.9%within the sector's middle half▲ 14.3pp54.7%within the sector's middle half▲ 5.8pp67.3%within the sector's middle half▲ 12.6pp87.0%above the sector's middle half▲ 19.7pp86.3%above the sector's middle half▼ 0.7pp
Current ratio2.54within the sector's middle half▲ 0.882.19within the sector's middle half▼ 0.352.36within the sector's middle half▲ 0.176.82above the sector's middle half▲ 4.4622.76above the sector's middle half▲ 15.95
Return on assets (ROA)18.9%within the sector's middle half▲ 6.0pp16.2%within the sector's middle half▼ 2.7pp40.2%above the sector's middle half▲ 24.0pp37.0%above the sector's middle half▼ 3.2pp59.3%above the sector's middle half▲ 22.3pp
Staff (FTE)0.61.2▲ 100%0.9▼ 25.0%1▲ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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 recovers in 2025; 2025 is 127% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €150,099
Fixed assets
€22,725 ▲ 88.9%
Current assets
€127,374 ▲ 34.2%
Equity and liabilities €150,099
Equity
€129,503 ▲ 39.2%
Debt
€20,596 ▲ 47.9%
Debt's share of the balance-sheet total rises from 13.0% to 13.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€128,248▲
2024 · €94,750
Cash flow
€94,596▲
2024 · €80,421
Debt to equity
0.16▲
2024 · 0.15
ROE
68.7%▲
2024 · 42.6%
Interest coverage
270.97▲
2024 · 97.27
Debt ≤ 1 year
€5,596▼
2024 · €13,925
Debt > 1 year
€15,000
Income taxes
€33,178▲
2024 · €13,354
Staff costs
€43,232▲
2024 · €34,708
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 31,371 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €37,741 | €30,861 | €34,708 | €43,232 | ▲ 24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,308 | €32,262 | €32,262 | €40,817 | €5,599 | ▼ 86.3% |
| Other operating charges640/8 | - | €4,953 | €20,667 | €16,540 | €18,360 | ▲ 11.0% |
| Gross operating margin9900 | €152,566 | €115,368 | €159,238 | €145,998 | €189,840 | ▲ 30.0% |
| Operating profit (loss)9901 | €57,447 | €40,412 | €75,449 | €53,933 | €122,648 | ▲ 127% |
| Financial charges65/66B | - | €2,503 | €1,795 | €974 | €473 | ▼ 51.4% |
| Recurring financial charges65 | €3,266 | €2,503 | €1,795 | €974 | €473 | ▼ 51.4% |
| Profit (loss) for the period before taxes9903 | €54,181 | €37,909 | €73,654 | €52,959 | €122,175 | ▲ 131% |
| Income taxes67/77 | €16,230 | €10,521 | €18,405 | €13,354 | €33,178 | ▲ 148% |
| Profit (loss) for the period9904 | €37,951 | €27,389 | €55,248 | €39,604 | €88,997 | ▲ 125% |
| Profit (loss) for the period to be appropriated9905 | €37,951 | €27,389 | €55,248 | €39,604 | €88,997 | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €200,652 | €168,799 | €137,365 | €106,927 | €150,099 | ▲ 40.4% |
| Fixed assets21/28 | €105,530 | €78,038 | €45,591 | €12,029 | €22,725 | ▲ 88.9% |
| Intangible fixed assets21 | €90,992 | €62,983 | €34,975 | - | - | - |
| Tangible fixed assets22/27 | €14,353 | €14,870 | €10,617 | €12,029 | €22,725 | ▲ 88.9% |
| Land and buildings22 | - | €4,602 | €3,713 | €2,823 | €2,118 | ▼ 25.0% |
| Plant, machinery and equipment23 | - | €3,890 | €2,394 | €2,399 | €750 | ▼ 68.7% |
| Furniture and vehicles24 | - | €6,378 | €4,509 | €6,807 | €19,857 | ▲ 192% |
| Financial fixed assets28 | €185 | €185 | - | - | - | - |
| Current assets29/58 | €95,122 | €90,760 | €91,774 | €94,897 | €127,374 | ▲ 34.2% |
| Amounts receivable within one year40/41 | €77,257 | €55,878 | €60,023 | €62,836 | €86,831 | ▲ 38.2% |
| Trade receivables40 | - | €38,899 | €56,428 | €52,191 | €58,159 | ▲ 11.4% |
| Other amounts receivable41 | - | €16,979 | €3,595 | €10,646 | €28,672 | ▲ 169% |
| Cash at bank and in hand54/58 | €17,866 | €33,762 | €27,531 | €15,492 | €40,542 | ▲ 162% |
| Deferred charges and accrued income490/1 | - | €1,120 | €4,220 | €16,569 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €200,652 | €168,799 | €137,365 | €106,927 | €150,099 | ▲ 40.4% |
| Equity10/15 | €98,161 | €92,349 | €92,398 | €93,002 | €129,503 | ▲ 39.2% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | - | €20,000 | - | - | - | - |
| Issued capital100 | - | €20,000 | - | - | - | - |
| Outside capital11 | - | - | €20,000 | €20,000 | - | - |
| Other1109/19 | - | - | €20,000 | €20,000 | - | - |
| Reserves13 | €78,161 | €72,349 | €72,349 | €72,349 | €108,850 | ▲ 50.5% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | - | €2,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | €7,879 | €7,879 | €7,879 | €7,879 | = |
| Distributable reserves133 | - | €62,471 | €62,471 | €62,471 | €98,971 | ▲ 58.4% |
| Profit (loss) carried forward14 | - | - | €48 | €653 | €653 | = |
| Amounts payable17/49 | €102,492 | €76,449 | €44,968 | €13,925 | €20,596 | ▲ 47.9% |
| Amounts payable after more than one year17 | €65,085 | €35,055 | €6,080 | - | €15,000 | - |
| Financial debts170/4 | - | €35,055 | €6,080 | - | €15,000 | - |
| Amounts payable within one year42/48 | €37,407 | €41,395 | €38,888 | €13,925 | €5,596 | ▼ 59.8% |
| Current portion of amounts payable after more than one year42 | - | €28,428 | €28,428 | €2,490 | - | - |
| Trade debts44 | €45 | €107 | €56 | €58 | €837 | ▲ 1,339% |
| Suppliers440/4 | - | €107 | €56 | €58 | €837 | ▲ 1,339% |
| Taxes, remuneration and social security45 | - | €12,859 | €10,403 | €11,376 | €4,758 | ▼ 58.2% |
| Taxes450/3 | - | €12,859 | €10,403 | €11,376 | €4,758 | ▼ 58.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,951 | €27,389 | €55,248 | €39,604 | €88,997 | ▲ 125% |
| + Depreciation and write-downs630 | €31,308 | €32,262 | €32,262 | €40,817 | €5,599 | ▼ 86.3% |
| Operating cash flow (approximation) | €69,259 | €59,651 | €87,510 | €80,421 | €94,596 | ▲ 17.6% |
| Investment in fixed assets (approximation) | - | -€4,770 | €185 | -€7,255 | -€16,295 | ▼ 125% |
| Change in cash | - | €15,897 | -€6,231 | -€12,039 | €25,051 | ▲ 308% |
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
15-05
State Gazette act
Founder · Founding capital
Bank account · Incorporation
05-05
State Gazette act
Incorporation · Bank account
Legal form clause · Name clause
04-05
State Gazette act
Incorporation · Founder
Legal form clause · Name clause
2025
31-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €88,997 ▲125%
Operating result €122,648, net result €88,997, both a record.
30-06
Financial
Liquidity triplescurrent ratio 22.76
Current ratio from 6.82 to 22.76; short-term debt falls from €13,925 to €5,596.
30-06
Financial
Equity above €100,000Eq €129,503 ▲39.2%
7 profitable years in a row build equity to €129,503.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity triplescurrent ratio 6.82
Current ratio from 2.36 to 6.82; short-term debt falls from €38,888 to €13,925.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 1999
Ground area
392 m²
Building footprint
170 m²
Volume, LiDAR
1,077 m³
Parcel 44004C0173/00E005, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Dorpsstraat 65, 9800 Deinze
since 19992.181.541.480
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44004C0173/00E005 | Flanders | 392 m² | 1 · 170 m² | 12.1 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.
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 5,180 EUR awarded · 5,179 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,280 EUR | 1,280 EUR |
| 2024 | 1 | 1,562 EUR | 1,611 EUR |
| 2023 | 1 | 1,091 EUR | 1,041 EUR |
| 2022 | 1 | 1,247 EUR | 1,247 EUR |
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Of 12,173 companies in this sector we hold annual accounts for 7,643. 6,535 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded26-12-1989
Fiscal year end30-06
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0439330222
Also
9925:BE0439330222
Registered
23-01-2026
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.