TENDACOR
ActiveTENDACOR has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198k and a net result of €-55k. Equity is growing by ~19.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 7684 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
15
/ 100
Critical▼ -41 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-12
Solvency21▼-14
Growth52=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 1.08 in 2024), and 79.2% 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 7684 sector peers (2025).
NBB · sector comparisonPosition among 7684 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-02-2026, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
62 d early
2024
100 d early
2023
70 d early
2022
129 d early
2021
36 d early
2020
28 d early
2019
26 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€198k▼ 21.7%
2024 · €252k
2019: €98k
2020: €125k
2021: €151k
2022: €231k
2023: €248k
2024: €252k
2019 → 2025
Total assets
€951k▼ 12.4%
2024 · €1.09M
2019: €917k
2020: €852k
2021: €980k
2022: €1.08M
2023: €1.09M
2024: €1.09M
2019 → 2025
Net result
€-55k
2024 · €6k
2019: €29k
2020: €29k
2021: €27k
2022: €82k
2023: €18k
2024: €6k
2019 → 2025
Working capital
€-59k
2024 · €18k
2019: €135k
2020: €4k
2021: €19k
2022: €62k
2023: €29k
2024: €18k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€151k-€231k▲ 53.6%€248k▲ 7.1%€252k▲ 1.8%€198k▼ 21.7%
Operating result€50k-€132k▲ 165%€45k▼ 65.7%€35k▼ 22.5%€-32k
Net result€27k-€82k▲ 207%€18k▼ 78.1%€6k▼ 66.1%€-55k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €32k after €35k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €951k
Fixed assets
€789k▼ 7.4%
Current assets
€162k▼ 30.6%
Equity and liabilities €951k
Equity
€198k▼ 21.7%
Debt
€754k▼ 9.6%
The debt ratio rises from 76.8% to 79.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€56k▼
2024 · €122k
Cash flow
€33k▼
2024 · €93k
Solvency
20.8%▼
2024 · 23.2%
Current ratio
0.73▼
2024 · 1.08
Quick ratio
0.52▼
2024 · 0.86
Debt / equity
3.81▲
2024 · 3.30
ROE
-27.7%▼
2024 · 2.4%
ROA
-5.7%▼
2024 · 0.6%
Interest coverage
2.41▼
2024 · 4.88
Debt
€754k▼
2024 · €834k
Debt ≤ 1 year
€221k▲
2024 · €216k
Debt > 1 year
€531k▼
2024 · €617k
Income taxes
€763▼
2024 · €6k
Staff costs
€146k▼
2024 · €179k
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€1.09M€951k▼
Fixed assets21/28€852k€789k▼
Tangible fixed assets22/27€852k€789k▼
Land and buildings22€365k€346k▼
Plant, machinery and equipment23€15k€12k▼
Furniture and vehicles24€31k€27k▼
Leasing and similar rights25€124k€102k▼
Other tangible fixed assets26€317k€302k▼
Current assets29/58€234k€162k▼
Amounts receivable after more than one year29€40k€40k=
Other amounts receivable291€40k€40k=
Stocks and contracts in progress3€47k€47k▼
Stocks30/36€39k€45k▲
Contracts in progress37€8k€2k▼
Amounts receivable within one year40/41€114k€33k▼
Trade receivables40€95k€20k▼
Other amounts receivable41€18k€13k▼
Cash at bank and in hand54/58€19k€25k▲
Deferred charges and accrued income490/1€14k€17k▲
Equity and liabilities
Total equity and liabilities10/49€1.09M€951k▼
Equity10/15€252k€198k▼
Contributions10/11€19k€19k=
Reserves13€234k€179k▼
Distributable reserves133€234k€179k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€834k€754k▼
Amounts payable after more than one year17€617k€531k▼
Financial debts170/4€603k€525k▼
Other amounts payable178/9€13k€6k▼
Amounts payable within one year42/48€216k€221k▲
Current portion of amounts payable after more than one year42€84k€93k▲
Financial debts43€16k€65k▲
Credit institutions430/8€16k€65k▲
Trade debts44€73k€50k▼
Suppliers440/4€73k€50k▼
Taxes, remuneration and social security45€41k€12k▼
Taxes450/3€15k€4k▼
Remuneration and social security454/9€26k€8k▼
Other amounts payable47/48€2k€1k▼
Accrued charges and deferred income492/3€724€1k▲
Income statement
Code20242025
Non-recurring operating income76A€0€8k▲
Remuneration, social security and pensions62€179k€146k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€87k€88k▲
Other operating charges640/8€9k€9k▼
Non-recurring operating charges66A-€426
Gross operating margin9900€311k€211k▼
Operating profit (loss)9901€35k€-32k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€25k€23k▼
Recurring financial charges65€25k€23k▼
Profit (loss) for the period before taxes9903€12k€-54k▼
Income taxes67/77€6k€763▼
Profit (loss) for the period9904€6k€-55k▼
Profit (loss) for the period to be appropriated9905€6k€-55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€-55k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2-€55k
Transfer to equity691/2€4k€0▼
To other reserves6921€4k€0▼
Profit to be distributed694/7€2k€0▼
Return on contributions (dividend)694€2k€0▼
Social balance
Average headcount (FTE)90873.82.3▼
The notes to these accounts (20 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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet €-55k ▼996%
Net result drops to €-55k, the lowest in the series.
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-09
Financial
Highest result since 2019net €82k ▲207%
Operating result €132k, net result €82k, both a record.
30-09
Financial
Equity above €200kEq €231k ▲53.6%
4 profitable years in a row build equity to €231k.
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Equity above €150kEq €151k ▲20.2%
3 profitable years in a row build equity to €151k.
03-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-08
Financial
Equity above €100kEq €125k ▲27.9%
2 profitable years in a row build equity to €125k.
05-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2017
06-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
29-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
29-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Ledegem · 1 establishment unit since 2007
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.
Provinciebaan 988880 LedegemGround area
1,741 m²
Building footprint
459 m²
Volume, LiDAR
15 m³
Parcel 36010C0760/00G000, Flanders · tallest building 0.7 m. Linked by address, not a title deed.
1 establishment unit
TENDACOR
since 20072.162.677.950
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36010C0760/00G000 | Flanders | 1,741 m² | 1 · 459 m² | 0.7 m |
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
2022 · 1 entry · 284 EUR awarded · 284 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 284 EUR | 284 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 19,948 companies in sector 43320 we hold annual accounts for 9,082. 7,388 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2007
Fiscal year end30-09
Activities, NACEBEL
43320Joinery installation
47530Retail trade
47519Retail trade
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.tendacor.be
E-mail:administratie@tendacor.be