TENSITY
ActiveSummary
TENSITY has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74,817 and a net result of €10,170. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 10% of 81 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70=
Solvency32▲+1
Growth52▲+30
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.68 against 0.63 in 2024; short-term debt: 64.3% and cash: 0.1% of total assets), and 93.5% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
6.5%
Return on assets
0.9%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 29
Relative position
BE, all sectors
reference
Manufacture of motor vehicles, trailers and semi-trailers (NACE 29)
about 8% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 81 sector peers (2025).
NBB · sector comparisonPosition among 81 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 4 filingsDeviation from the deadline
2025
46 d late
2024
47 d late
2023
97 d late
2022
287 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 119 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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 12 October (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€83,382▼ 46.6%
2022 · €156,106
EBIT margin
-15.0%▼ 20.9pp
2022 · 5.9%
Net result
€10,170▲ 45.5%
2024 · €6,989
Working capital
-€238,721▲ 4.1%
2024 · -€248,933
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, 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
Line2022202320242025
Turnover€156,106-€83,382▼ 46.6%
Operating result€9,144--€12,538€10,102€13,185▲ 30.5%
Net result€8,881below the sector's middle half--€13,223below the sector's middle half€6,989within the sector's middle half€10,170within the sector's middle half▲ 45.5%
EBIT margin5.9%--15.0%▼ 20.9pp
Equity€70,881below the sector's middle half-€57,658below the sector's middle half▼ 18.7%€64,648within the sector's middle half▲ 12.1%€74,817below the sector's middle half▲ 15.7%
Total assets€1.1mbelow the sector's middle half-€1.1mwithin the sector's middle half▼ 0.2%€1.1mabove the sector's middle half▲ 1.8%€1.1mwithin the sector's middle half▲ 6.5%
Debt€989,281-€999,876▲ 1.1%€1.0m▲ 1.2%€1.1m▲ 5.9%
Working capital-€266,952below the sector's middle half--€256,189below the sector's middle half▲ 4.0%-€248,933below the sector's middle half▲ 2.8%-€238,721below the sector's middle half▲ 4.1%
Solvency6.7%below the sector's middle half-5.5%below the sector's middle half▼ 1.2pp6.0%below the sector's middle half▲ 0.6pp6.5%below the sector's middle half▲ 0.5pp
Current ratio0.61below the sector's middle half-0.61below the sector's middle half=0.63below the sector's middle half▲ 0.020.68below the sector's middle half▲ 0.04
Return on assets (ROA)0.8%below the sector's middle half--1.3%below the sector's middle half▼ 2.1pp0.6%within the sector's middle half▲ 1.9pp0.9%within the sector's middle half▲ 0.2pp
Staff (FTE)0below the sector's middle half-0below the sector's middle half11below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 29, Manufacture of motor vehicles, trailers and semi-trailers, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 31% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€648,258 =
Current assets
€497,830 ▲ 16.3%
Equity and liabilities €1.1m
Equity
€74,817 ▲ 15.7%
Debt
€1.1m ▲ 5.9%
Debt's share of the balance-sheet total falls from 94.0% to 93.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,267▲
2024 · €10,880
Cash flow
€10,251▲
2024 · €7,767
Debt to equity
14.32▼
2024 · 15.65
ROE
13.6%▲
2024 · 10.8%
Interest coverage
17.33▲
2024 · 10.59
Debt ≤ 1 year
€736,550▲
2024 · €676,943
Debt > 1 year
€334,720=
2024 · €334,720
Income taxes
€2,250▲
2024 · €2,086
Staff costs
€58,025▼
2024 · €58,643
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,136 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a profit under 5% of the balance sheet
4.9%
went bankrupt
2.0%
stopped otherwise
92%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,136 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | €156,106 | €83,382 | - | - | - |
| Non-recurring operating income76A | €52 | €63 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €13,253 | €2,055 | - | - | - |
| Remuneration, social security and pensions62 | €53,604 | €55,425 | €58,643 | €58,025 | ▼ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €79,462 | €27,959 | €778 | €81 | ▼ 89.5% |
| Other operating charges640/8 | €695 | €544 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | €142,905 | €71,390 | €70,491 | €72,290 | ▲ 2.6% |
| Operating profit (loss)9901 | €9,144 | -€12,538 | €10,102 | €13,185 | ▲ 30.5% |
| Financial income75/76B | - | €101 | €0 | - | - |
| Recurring financial income75 | - | €101 | €0 | - | - |
| Non-recurring financial income76B | - | €101 | - | - | - |
| Financial charges65/66B | €263 | €786 | €1,027 | €765 | ▼ 25.5% |
| Recurring financial charges65 | €263 | €786 | €1,027 | €765 | ▼ 25.5% |
| Profit (loss) for the period before taxes9903 | €8,881 | -€13,223 | €9,075 | €12,420 | ▲ 36.9% |
| Income taxes67/77 | - | - | €2,086 | €2,250 | ▲ 7.9% |
| Profit (loss) for the period9904 | €8,881 | -€13,223 | €6,989 | €10,170 | ▲ 45.5% |
| Profit (loss) for the period to be appropriated9905 | €8,881 | -€13,223 | €6,989 | €10,170 | ▲ 45.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 6.5% |
| Fixed assets21/28 | €643,141 | €649,117 | €648,340 | €648,258 | = |
| Intangible fixed assets21 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €643,141 | €649,117 | €648,340 | €648,258 | = |
| Furniture and vehicles24 | €1,637 | €859 | €81 | €0 | ▼ 100% |
| Assets under construction and advance payments27 | €641,504 | €648,258 | €648,258 | €648,258 | = |
| Current assets29/58 | €417,021 | €408,417 | €428,010 | €497,830 | ▲ 16.3% |
| Amounts receivable after more than one year29 | €200,000 | €200,000 | €200,000 | €185,050 | ▼ 7.5% |
| Trade receivables290 | €200,000 | €200,000 | €200,000 | €185,050 | ▼ 7.5% |
| Amounts receivable within one year40/41 | €206,888 | €207,866 | €227,571 | €311,666 | ▲ 37.0% |
| Trade receivables40 | €206,378 | €207,866 | €227,571 | €311,134 | ▲ 36.7% |
| Other amounts receivable41 | €510 | - | - | €532 | - |
| Cash at bank and in hand54/58 | €10,133 | €178 | €439 | €614 | ▲ 39.8% |
| Deferred charges and accrued income490/1 | - | €373 | €0 | €500 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.1m | ▲ 6.5% |
| Equity10/15 | €70,881 | €57,658 | €64,648 | €74,817 | ▲ 15.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €444 | €444 | €444 | €444 | = |
| Non-distributable reserves130/1 | €444 | €444 | €444 | €444 | = |
| Legal reserve130 | €444 | €444 | €444 | €444 | = |
| Profit (loss) carried forward14 | €8,437 | -€4,786 | €2,204 | €12,373 | ▲ 462% |
| Amounts payable17/49 | €989,281 | €999,876 | €1.0m | €1.1m | ▲ 5.9% |
| Amounts payable after more than one year17 | €305,270 | €335,270 | €334,720 | €334,720 | = |
| Financial debts170/4 | €305,270 | €335,270 | - | - | - |
| Advances received on contracts in progress176 | - | - | €0 | - | - |
| Other amounts payable178/9 | - | - | €334,720 | €334,720 | = |
| Amounts payable within one year42/48 | €683,973 | €664,606 | €676,943 | €736,550 | ▲ 8.8% |
| Trade debts44 | €641,908 | €651,131 | €649,853 | €709,099 | ▲ 9.1% |
| Suppliers440/4 | €641,908 | €651,131 | €649,853 | €709,099 | ▲ 9.1% |
| Taxes, remuneration and social security45 | €12,065 | €2,410 | €27,090 | €27,452 | ▲ 1.3% |
| Taxes450/3 | €2,300 | - | €13,849 | €16,069 | ▲ 16.0% |
| Remuneration and social security454/9 | €9,765 | €2,410 | €13,242 | €11,383 | ▼ 14.0% |
| Other amounts payable47/48 | €30,000 | €11,065 | - | - | - |
| Accrued charges and deferred income492/3 | €38 | - | €39 | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,881 | -€13,223 | €6,989 | €10,170 | ▲ 45.5% |
| + Depreciation and write-downs630 | €79,462 | €27,959 | €778 | €81 | ▼ 89.5% |
| Operating cash flow (approximation) | €88,343 | €14,736 | €7,767 | €10,251 | ▲ 32.0% |
| Investment in fixed assets (approximation) | - | -€33,935 | -€1 | €0 | ▲ 100% |
| Change in cash | - | -€9,955 | €261 | €175 | ▼ 33.0% |
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
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 46 days late
2025
31-12
Financial
Highest result since 2022net €10,170 ▲45.5%
Operating result €13,185, net result €10,170, both a record.
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 47 days late
2024
31-12
Financial
Back to profitnet €6,989
Net result €6,989 after one loss-making year.
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 97 days late
13-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 287 days late
2023
31-12
Financial
Weakest financial yearnet -€13,223
Net result drops to -€13,223, the lowest in the series; recovery starts the following year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Gembloux · 1 establishment unit since 2021
Ground area
3,472 m²
Building footprint
1,007 m²
Volume, LiDAR
6,256 m³
Parcel 92065B0049/00E000, Wallonia · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TENSITY
since 20212.324.669.138
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92065B0049/00E000 | Wallonia | 3,472 m² | 1 · 1,007 m² | 7.8 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.
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Of 114 companies in sector 29100 we hold annual accounts for 72. 33 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
29100Manufacture of motor vehicles, trailers and semi-trailers
29201Manufacture of motor vehicles, trailers and semi-trailers
47811Retail sale of cars and light vans (up to 3.5 tonnes)
70200Business and other management consultancy
74999Other professional, scientific and technical activities
Contact
E-mail
v.vervinckt@gilletvertigo.com
Phone
+3281568444
E-mail
info@gilletvertigo.comGembloux
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777490434
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.