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.
Credit check for your own amount and term
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€833k
EBIT margin
13.5%
Net result
€807k▲ 135%
2024 · €344k
2018: €-84klowest in 8 years
2019: €128k▲ +254% vs 2018
2020: €160k▲ +24.9% vs 2019
2021: €193k▲ +20.3% vs 2020
2022: €221k▲ +14.3% vs 2021
2023: €283k▲ +28.4% vs 2022
2024: €344k▲ +21.4% vs 2023
2025: €807k▲ +135% vs 2024highest in 8 years
2018 → 2025
Working capital
€900k▲ 1,474%
2024 · €57k
2018: €-2.18Mlowest in 8 years
2019: €-1.73M▲ +20.7% vs 2018
2020: €-1.22M▲ +29.1% vs 2019
2021: €-837k▲ +31.6% vs 2020
2022: €-550k▲ +34.3% vs 2021
2023: €-262k▲ +52.3% vs 2022
2024: €57k▲ +122% vs 2023
2025: €900k▲ +1474% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-903k-€-683k▲ 24.4%€-400k▲ 41.5%€-56k▲ 86.0%€701k
2021: €-903klowest in 5 years
2022: €-683k▲ +24.4% vs 2021
2023: €-400k▲ +41.5% vs 2022
2024: €-56k▲ +86.0% vs 2023
2025: €701k▲ +1353% vs 2024highest in 5 years
Operating result€331k-€344k▲ 3.7%€390k▲ 13.6%€435k▲ 11.5%€968k▲ 123%
2021: €331klowest in 5 years
2022: €344k▲ +3.7% vs 2021
2023: €390k▲ +13.6% vs 2022
2024: €435k▲ +11.5% vs 2023
2025: €968k▲ +123% vs 2024highest in 5 years
Net result€193k-€221k▲ 14.3%€283k▲ 28.4%€344k▲ 21.4%€807k▲ 135%
2021: €193klowest in 5 years
2022: €221k▲ +14.3% vs 2021
2023: €283k▲ +28.4% vs 2022
2024: €344k▲ +21.4% vs 2023
2025: €807k▲ +135% vs 2024highest in 5 years
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.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€6.29M€6.29M▼
Fixed assets21/28€5.41M€4.80M▼
Tangible fixed assets22/27€5.41M€4.80M▼
Land and buildings22€5.35M€4.76M▼
Plant, machinery and equipment23€33k€19k▼
Furniture and vehicles24€29k€20k▼
Current assets29/58€877k€1.49M▲
Amounts receivable within one year40/41€836k€1.43M▲
Other amounts receivable41€836k€1.43M▲
Cash at bank and in hand54/58€22k€21k▼
Deferred charges and accrued income490/1€19k€40k▲
Equity and liabilities
Total equity and liabilities10/49€6.29M€6.29M▼
Equity10/15€-56k€701k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13-€639k
Non-distributable reserves130/1-€6k
Legal reserve130-€6k
Distributable reserves133-€633k
Profit (loss) carried forward14€-118k€0▲
Amounts payable17/49€6.35M€5.58M▼
Amounts payable after more than one year17€5.52M€4.99M▼
Financial debts170/4€5.52M€4.99M▼
Amounts payable within one year42/48€820k€586k▼
Current portion of amounts payable after more than one year42€626k€530k▼
Trade debts44€370€2k▲
Suppliers440/4€370€2k▲
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Other amounts payable47/48€193k€53k▼
Accrued charges and deferred income492/3€6k€8k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€615k€613k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€1.05M€1.58M▲
Operating profit (loss)9901€435k€968k▲
Financial income75/76B€18k€22k▲
Recurring financial income75€18k€22k▲
Financial charges65/66B€109k€181k▲
Recurring financial charges65€109k€98k▼
Non-recurring financial charges66B-€84k
Profit (loss) for the period before taxes9903€344k€808k▲
Income taxes67/77-€1k
Profit (loss) for the period9904€344k€807k▲
Profit (loss) for the period to be appropriated9905€344k€807k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-118k€689k▲
Profit (loss) brought forward from the previous period14P€-462k€-118k▲
Transfer to equity691/2-€639k
To the legal reserve6920-€6k
To other reserves6921-€633k
Profit to be distributed694/7-€50k
Directors or managers695-€50k
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| 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.