TENUTA
ActiveSummary
TENUTA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €701k and a net result of €807k. Equity is growing by ~29.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+9
Solvency36▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.54 against 1.07 in 2024; short-term debt: 9.3% and cash: 0.3% of total assets), but 88.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
11.2%
Return on assets
12.8%
Age of the figures
9 mo
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
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
28 d early
2023
23 d early
2022
28 d late
2021
31 d early
2020
23 d late
2019
62 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, full schema
Turnover
€833k
EBIT margin
13.5%
Net result
€807k▲ 135%
2024 · €344k
Working capital
€900k▲ 1,474%
2024 · €57k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€331k▲ 3.2%€344k▲ 3.7%€390k▲ 13.6%€435k▲ 11.5%€968k▲ 123%
Net result€193k▲ 20.3%€221k▲ 14.3%€283k▲ 28.4%€344k▲ 21.4%€807k▲ 135%
EBIT margin
Equity€-903k▲ 17.6%€-683k▲ 24.4%€-400k▲ 41.5%€-56k▲ 86.0%€701k
Total assets€7.39M▼ 9.4%€6.97M▼ 5.6%€6.63M▼ 4.9%€6.29M▼ 5.1%€6.29M▼ 0.1%
Debt€8.29M▼ 10.4%€7.65M▼ 7.7%€7.03M▼ 8.2%€6.35M▼ 9.7%€5.58M▼ 12.0%
Working capital€-837k▲ 31.6%€-550k▲ 34.3%€-262k▲ 52.3%€57k€900k▲ 1,474%
Staff (FTE)0
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 123% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.29M
Fixed assets
€4.80M ▼ 11.3%
Current assets
€1.49M ▲ 69.4%
Equity and liabilities €6.29M
Equity
€701k
Debt
€5.58M
Debt finances 88.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€1.58M▲
2024 · €1.05M
Cash flow
€1.42M▲
2024 · €959k
Current ratio
2.54▲
2024 · 1.07
Debt to equity
7.96
ROE
115.1%
ROA
12.8%▲
2024 · 5.5%
Interest coverage
16.18▲
2024 · 9.60
Debt ≤ 1 year
€586k▼
2024 · €820k
Debt > 1 year
€4.99M▼
2024 · €5.52M
Income taxes
€1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €738k | €725k | €644k | €615k | €613k | ▼ 0.4% |
| Other operating charges640/8 | €824 | €1k | €2k | €1k | €1k | ▲ 2.8% |
| Gross operating margin9900 | €1.07M | €1.07M | €1.04M | €1.05M | €1.58M | ▲ 50.5% |
| Operating profit (loss)9901 | €331k | €344k | €390k | €435k | €968k | ▲ 123% |
| Financial income75/76B | €180 | €3k | €10k | €18k | €22k | ▲ 20.1% |
| Recurring financial income75 | €180 | €3k | €10k | €18k | €22k | ▲ 20.1% |
| Financial charges65/66B | €139k | €127k | €118k | €109k | €181k | ▲ 65.7% |
| Recurring financial charges65 | €139k | €127k | €118k | €109k | €98k | ▼ 10.7% |
| Non-recurring financial charges66B | - | - | - | - | €84k | - |
| Profit (loss) for the period before taxes9903 | €193k | €221k | €283k | €344k | €808k | ▲ 135% |
| Income taxes67/77 | - | - | - | - | €1k | - |
| Profit (loss) for the period9904 | €193k | €221k | €283k | €344k | €807k | ▲ 135% |
| Profit (loss) for the period to be appropriated9905 | €193k | €221k | €283k | €344k | €807k | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.39M | €6.97M | €6.63M | €6.29M | €6.29M | ▼ 0.1% |
| Fixed assets21/28 | €7.38M | €6.67M | €6.03M | €5.41M | €4.80M | ▼ 11.3% |
| Tangible fixed assets22/27 | €7.38M | €6.67M | €6.03M | €5.41M | €4.80M | ▼ 11.3% |
| Land and buildings22 | €7.11M | €6.54M | €5.94M | €5.35M | €4.76M | ▼ 11.1% |
| Plant, machinery and equipment23 | €94k | €65k | €46k | €33k | €19k | ▼ 40.4% |
| Furniture and vehicles24 | €171k | €69k | €38k | €29k | €20k | ▼ 29.2% |
| Current assets29/58 | €9k | €299k | €602k | €877k | €1.49M | ▲ 69.4% |
| Amounts receivable within one year40/41 | €180 | €270k | €598k | €836k | €1.43M | ▲ 70.4% |
| Other amounts receivable41 | €180 | €270k | €598k | €836k | €1.43M | ▲ 70.4% |
| Cash at bank and in hand54/58 | €8k | €28k | €3k | €22k | €21k | ▼ 4.3% |
| Deferred charges and accrued income490/1 | - | €2k | €604 | €19k | €40k | ▲ 109% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.39M | €6.97M | €6.63M | €6.29M | €6.29M | ▼ 0.1% |
| Equity10/15 | €-903k | €-683k | €-400k | €-56k | €701k | ▲ 1,353% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | - | - | - | - | €639k | - |
| Non-distributable reserves130/1 | - | - | - | - | €6k | - |
| Legal reserve130 | - | - | - | - | €6k | - |
| Distributable reserves133 | - | - | - | - | €633k | - |
| Profit (loss) carried forward14 | €-965k | €-745k | €-462k | €-118k | €0 | ▲ 100% |
| Amounts payable17/49 | €8.29M | €7.65M | €7.03M | €6.35M | €5.58M | ▼ 12.0% |
| Amounts payable after more than one year17 | €7.44M | €6.79M | €6.15M | €5.52M | €4.99M | ▼ 9.6% |
| Financial debts170/4 | €7.44M | €6.79M | €6.15M | €5.52M | €4.99M | ▼ 9.6% |
| Amounts payable within one year42/48 | €846k | €849k | €864k | €820k | €586k | ▼ 28.5% |
| Current portion of amounts payable after more than one year42 | €645k | €645k | €645k | €626k | €530k | ▼ 15.4% |
| Trade debts44 | €222 | €3k | €373 | €370 | €2k | ▲ 363% |
| Suppliers440/4 | €222 | €3k | €373 | €370 | €2k | ▲ 363% |
| Taxes, remuneration and social security45 | - | - | - | - | €1k | - |
| Taxes450/3 | - | - | - | - | €1k | - |
| Other amounts payable47/48 | €200k | €200k | €218k | €193k | €53k | ▼ 72.4% |
| Accrued charges and deferred income492/3 | €8k | €13k | €18k | €6k | €8k | ▲ 45.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €193k | €221k | €283k | €344k | €807k | ▲ 135% |
| + Depreciation and write-downs630 | €738k | €725k | €644k | €615k | €613k | ▼ 0.4% |
| Operating cash flow (approximation) | €931k | €946k | €928k | €959k | €1.42M | ▲ 48.1% |
| Investment in fixed assets (approximation) | - | €-18k | €0 | €0 | €0 | - |
| Change in cash | - | €19k | €-25k | €19k | €-943 | ▼ 105% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €807k ▲135%
Operating result €968k, net result €807k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.54
Current ratio from 1.07 to 2.54; short-term debt falls from €820k to €586k.
31-12
Financial
Equity above €500kEq €701k
7 profitable years in a row build equity to €701k.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
31-12
Financial
Back to profitnet €128k
Net result €128k after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Menen · 1 establishment unit since 2014
Ground area
1,714 m²
Building footprint
246 m²
Volume, LiDAR
2,036 m³
Parcel 34024B0059/00K000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
TENUTA
since 20142.238.658.842
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34024B0059/00K000 | Flanders | 1,714 m² | 1 · 246 m² | 10.2 m · 3 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.
Identification & contact
Identification
Legal formPublic limited company
Founded24-12-2014
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.