Equity
€89,494 ▲ 169%
TEO PROJECT has made a profit in every financial year since 2019.
TEO PROJECT
Lifetime
6 annual accounts with figures on one time axispeak €77,917 (2024)
€77,917▲ 191%
peak €56,257 (2024)
€56,257▲ 199%
peak €89,494 (2024)
€89,494▲ 169%
€40,247▲ 32.9%
Board2 names since 2021
-
Documentsfilings and deeds
28-01-2026181 days late
2024micro format
Turnover from €48,953 to €152,697Gross margin from €26,812 to €77,917Result from €18,804 to €56,257Equity from €33,237 to €89,494Debts from €30,274 to €40,247Cash from €1,270 to €7,123
Key points
from the 2024 annual accountsTurnover
€152,697 ▲ 212%
Turnover rose in 2024 from €48,953 to €152,697.
Payment terms
41 days to suppliers
TEO PROJECT pays its suppliers 200 days earlier than in 2023. Customers pay 261 days earlier.
Liquidity
3.21 was 2.02 in 2023
Short-term debts rose from €29,778 to €39,751.
Filings
6 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€56,257
Higher net result than 89% of companies in specialised construction. Sector median €9,467 · 35,924 companies.
Checked score
40
Weak
Financially stronger than 74% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
5.5% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 6.1%
01-2025: 7.6%▲ +1.5 percentage points vs 12-2024
02-2025: 7.6%● unchanged vs 01-2025
03-2025: 7.9%▲ +0.3 percentage points vs 02-2025
04-2025: 7.4%▼ -0.5 percentage points vs 03-2025
05-2025: 7.4%● unchanged vs 04-2025
06-2025: 7.3%▼ -0.1 percentage points vs 05-2025
07-2025: 7.3%● unchanged vs 06-2025
08-2025: 9.4%▲ +2.1 percentage points vs 07-2025
09-2025: 9.4%● unchanged vs 08-2025
10-2025: 10.9%▲ +1.5 percentage points vs 09-2025highest value
11-2025: 10.9%● unchanged vs 10-2025highest value
12-2025: 6.8%▼ -4.1 percentage points vs 11-2025
01-2026: 6.7%▼ -0.1 percentage points vs 12-2025
02-2026: 3.8%▼ -2.9 percentage points vs 01-2026
03-2026: 3.8%● unchanged vs 02-2026
04-2026: 3.8%● unchanged vs 03-2026
05-2026: 3.3%▼ -0.5 percentage points vs 04-2026
06-2026: 2.9%▼ -0.4 percentage points vs 05-2026lowest value
07-2026: 3.0%▲ +0.1 percentage points vs 06-2026
08-2026: 3.1%▲ +0.1 percentage points vs 07-2026
09-2026: 3.6%▲ +0.5 percentage points vs 08-2026
10-2026: 5.5%▲ +1.9 percentage points vs 09-2026
11-2026: 5.5%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 181 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 30-01-2026)
Size: turnover €152,697, total assets €129,741
Founded in 2018
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 43, micro). It does better than 75% of them on solvency, 34% on liquidity, 92% on profitability and 96% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% 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, 26,972 companies had the same profile as TEO PROJECT has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TEO PROJECT itself is higher: 5.5% within 12 months. It rests on far more data about TEO PROJECT than the profile alone.
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 26,972 companies, not a prediction for TEO PROJECT. 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 €3,500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 3.21 (2.02 in 2023), above the usual 1.5. Short-term debt is 30.6% and cash 5.5% of total assets. 31% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year €89,494
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 6 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 181 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-01-2026, 181 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 6 filingsDeviation from the deadline
2025
not filed
2024
181 days late
2023
546 days late
2022
30 days late
2021
29 days late
2020
25 days late
2019
25 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 139 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Company renamed from Luk&H to TEO PROJECT
Founding capital of €18,600 · Registered office moved from Molenbeek-Saint-Jean to Halle · New registered office: Edingensesteenweg 871, 1502 Halle (Lembeek) · Previous registered office: chaussée de Ninove 275B, 1080 Molenbeek-Saint-Jean · General meeting of 21-09-2023 · Gazette deed
Incorporation
published on 06-04-2018 · Gazette deed
First establishment
Luk&H, Ninoofsesteenweg 275 B, Molenbeek-Saint-Jean
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TEO PROJECT Halle | €152,697 | 49.3% | 69.0% | - |
| PLAFON STEEL Wemmel | €548,033 | 5.4% | 81.7% | - |
| SANSIB Kraainem | - | - | 66.7% | - |
| MAXIMUS CONSTRUCT Schaerbeek | €372,191 | 0.0% | 55.6% | - |
| SONN Seraing | - | - | 26.4% | - |
| ALJIM RENOVE Anderlecht | - | - | 48.6% | - |
| REListic PM+ Destelbergen | - | - | 70.0% | - |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as TEO PROJECT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €117,000 and €158,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 29-03-2018Normal situation
- Activity
- Other specialised construction activitiesNACE 43990
- Establishment unit
- 2.276.429.3551080 Molenbeek-Saint-Jean, since 29-03-2018
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on TEO PROJECT
TEO PROJECT files the micro format. That format states no turnover. The gross margin rose from €5,655 in 2019 to €77,917 in 2024.
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 TEO PROJECT
- What is the company number of TEO PROJECT?
- The company number of TEO PROJECT is 0693.767.556. The VAT number is the same number with BE in front: BE 0693.767.556.
- Where is TEO PROJECT based?
- The registered office is at Edingensesteenweg 871, 1502 Halle.Company details
- What does TEO PROJECT do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of TEO PROJECT?
- TEO PROJECT is a private limited company (pre-2019) (BVBA).
- When was TEO PROJECT founded?
- TEO PROJECT was founded on 29-03-2018.
- Is TEO PROJECT still active?
- Yes, TEO PROJECT is an active enterprise in the KBO register.
- What is the turnover of TEO PROJECT?
- The turnover of TEO PROJECT was €152,697 in financial year 2024, according to the filed annual accounts.Financials
- Is TEO PROJECT profitable?
- In financial year 2024, TEO PROJECT made a profit of €56,257.
- Where can I find the annual accounts of TEO PROJECT?
- TEO PROJECT filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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