Equity
€234,444 from €9.9m in 2021
Equity fell by 98% in 4 years.
TENFORCE
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002peak €4.6m (2015)
-not published
lowest -€3.5m (2024)
-€99,368▲ €3.4m
peak €9.9m (2021)
€234,444▼ 29.8%
€7.5m▲ 19.1%
peak 61.3 FTE (2023)
42 FTE▼ 22.7%
Board14 names since 2019all names
7 directorsamloc and 6 others
Owners4 names in the annual accounts
9.48%GREAT STORIES and 1 other
Documentsfilings and deeds
28-04-202694 days before the deadline
2025financial year
Turnover from €6.7m to €7.8mLoss of €99,368Staff from 54.3 FTE to 42 FTERegistered office moved within Leuven 09-091 statutory auditor appointed 13-05Equity from €333,811 to €234,444
Key points
from the 2025 annual accountsLosses
-€10.0m in five years
Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€7.5m 97% of the balance sheet
Financial debts 35%Suppliers 13%Taxes and wages 13%Other 38%
Of this, €4.7m falls due within a year.
Staff
42 FTE from 61.3 in 2023
Between 2023 and 2025, 31% of the full-time equivalents disappeared.
Payment terms
98 days to suppliers
TENFORCE pays its suppliers 22 days later than in 2024. Customers pay 45 days later.
At the same address
80 companies
Checked score
62
Healthy
Financially stronger than 24% of small companies in computer programming and consultancy (NACE 62)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 1,167 companies (NACE 62, small).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025lowest value
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 1.4%▲ +1.1 percentage points vs 06-2025
08-2025: 1.4%● unchanged vs 07-2025
09-2025: 1.4%● unchanged vs 08-2025
10-2025: 2.2%▲ +0.8 percentage points vs 09-2025highest value
11-2025: 2.2%● unchanged vs 10-2025highest value
12-2025: 2.2%● unchanged vs 11-2025highest value
01-2026: 2.2%● unchanged vs 12-2025highest value
02-2026: 2.2%● unchanged vs 01-2026
03-2026: 2.1%▼ -0.1 percentage points vs 02-2026
04-2026: 2.1%● unchanged vs 03-2026
05-2026: 1.5%▼ -0.6 percentage points vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026
07-2026: 1.5%● unchanged vs 06-2026
08-2026: 1.5%● unchanged vs 07-2026
09-2026: 1.5%● unchanged vs 08-2026
10-2026: 1.5%● unchanged vs 09-2026
11-2026: 1.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.91, cash €151,435
Equity €234,444 (3.0% of total assets)
1 change of registered office in 24 months
1 of the last 3 accounts late
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 62, small). It does better than 11% of them on solvency, 15% on liquidity, 24% on profitability and 47% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,104 companies had the same profile as TENFORCE has now. Each dot stands for 3 companies, two years later.
94.2%
were still trading
3.6%
stopped another way
1.8%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TENFORCE itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,104 companies, not a prediction for TENFORCE. 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.
Credit verdict
Credit of up to €14,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.91 (0.99 in 2024), below 1. Short-term debt is 60.3% and cash 2% of total assets. 97% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
raises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€99,368
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 1691 sector peers (2025).
NBB · sector comparisonPosition among 1691 sector peers
Solvency
better than 19%
← 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 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 days early
2024
38 days early
2023
90 days late
2022
53 days early
2021
26 days early
2020
95 days early
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (4 of the last 5 accounts filed within 56 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
PB
PFK Bodifi Audit
Auditor
- Elisa Corporation consolidatesannual accounts 2025
- amloc 38%score 95equity €3.6m (2025) · 2022 annual accounts of amloc
- GREAT STORIES 9.48%score 95equity €1.3m (2025) · 2025 annual accounts of GREAT STORIES
Shares in 2 companies, Corporate Car Solutions and PDC Corp
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0474739378
4 directors reappointed
BV Amloc, Great Solutions, Julia Dubois and Saku Ormo · Permanent representatives: Jan Van den Nieuwenhof and Bastiaan Deblieck · General meeting of 03-04-2026 · Gazette deed
1 director appointed, 1 resignation
Resignation: Henri Korpi · Appointment: Benedetta Cuttica · Permanent representatives: Bastiaan Deblieck and Jan Van den Nieuwenhof · General meeting of 13-01-2026 · Gazette deed
Registered office moved within Leuven
New registered office: Sluisstraat 79 te 3000 Leuven · Previous registered office: Diestsevest 25 bus 0.01, 3000 Leuven · Permanent representatives: Bastiaan Deblieck and Jan Van den Nieuwenhof · Board meeting of 24-06-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TENFORCE Leuven | €7.8m | 1.4% | 3.0% | 42 |
| ONEPOINT BELGIUM Brussels | €8.8m | 1.4% | 58.1% | 40.4 |
| FORCEA Zaventem | €8.9m | 1.6% | 10.8% | 46.1 |
| ZIMMO Leuven | €11.6m | 23.4% | 83.5% | 48.9 |
| STMicroelectronics Belgium Machelen (Brab.) | €12.0m | 4.9% | 37.7% | 62.3 |
| MSC SOFTWARE BELGIUM Mont-Saint-Guibert | €9.3m | 25.7% | 84.6% | 38.4 |
| FLOWSPARKS Ghent | €6.9m | 16.9% | 55.5% | 41.3 |
Grey: the largest companies of the sector (computer programming and consultancy (NACE 62)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as TENFORCE: computer programming (NACE 62100). They are comparable in size and age: total assets between €5.9m and €11m, founded between 1997 and 2006.
Official details
Source: KBO- Status
- Active since 07-05-2001Normal situation
- Registered office
- 81 active companies are registered at this address6 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Computer programmingNACE 62100
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2021
- Establishment unit
- 2.100.310.9103000 Leuven, since 01-06-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €7.7m▲ 16.7%
- Employeeson 31-12-2025
- 43▼ 6.5%
- Filing
- Filed on 28-04-2026, 94 days before the end of the filing period
Insights on TENFORCE
TENFORCE has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €234,444 and a net result of -€99,368.
Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 19% of 1,691 sector peers (NACE 62, financial year 2025).
The computed 12-month bankruptcy probability is 1.5% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TENFORCE
- What is the company number of TENFORCE?
- The company number of TENFORCE is 0474.739.378. The VAT number is the same number with BE in front: BE 0474.739.378.
- Where is TENFORCE based?
- The registered office is at Sluisstraat 79, 3000 Leuven.Company details
- What does TENFORCE do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of TENFORCE?
- TENFORCE is a public limited company (NV).
- When was TENFORCE founded?
- TENFORCE was founded on 07-05-2001.
- Is TENFORCE still active?
- Yes, TENFORCE is an active enterprise in the KBO register.
- How many employees does TENFORCE have?
- TENFORCE had an average of 42 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TENFORCE fall under?
- In its 2021 annual accounts, TENFORCE states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of TENFORCE?
- The turnover of TENFORCE was €7.8m in financial year 2025, according to the filed annual accounts.
- Is TENFORCE profitable?
- In financial year 2025, TENFORCE made a loss of €99,368.
- Where can I find the annual accounts of TENFORCE?
- TENFORCE filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TENFORCE due?
- TENFORCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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