TEOS
ActiveSummary
TEOS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.7m and a net result of €169,664. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 91% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-55
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €200,000 at 30 days acceptable
Liquidity ample (current ratio 4.93 against 4.08 in 2024; short-term debt: 8.6% and cash: 3.3% of total assets), and 8.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
91.2%
Return on assets
5.7%
Age of the figures
12 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 · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-05-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
30 d late
2023
22 d late
2022
32 d early
2021
64 d early
2020
1 d early
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 7 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 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 23 May (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€2.7m▲ 3.1%
2024 · €2.6m
Total assets
€3.0m▲ 0.7%
2024 · €3.0m
Net result
€169,664▼ 64.8%
2024 · €481,638
Working capital
€1.0m▲ 9.2%
2024 · €922,679
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, 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
Line20212022202320242025
Operating result-€19,804-€25,434▼ 28.4%€17,942€91,824▲ 412%-€17,905
Net result€146,112▲ 63.7%€25,160within the sector's middle half▼ 82.8%€199,404above the sector's middle half▲ 693%€481,638above the sector's middle half▲ 142%€169,664above the sector's middle half▼ 64.8%
Equity€2.2m▲ 7.2%€2.1mabove the sector's middle half▼ 3.5%€2.3mabove the sector's middle half▲ 9.5%€2.6mabove the sector's middle half▲ 14.7%€2.7mabove the sector's middle half▲ 3.1%
Total assets€2.6m▲ 1.0%€2.5mwithin the sector's middle half▼ 1.4%€2.5mwithin the sector's middle half▼ 1.8%€3.0mwithin the sector's middle half▲ 19.9%€3.0mwithin the sector's middle half▲ 0.7%
Debt€383,325▼ 26.2%€413,021▲ 7.7%€167,696▼ 59.4%€322,562▲ 92.3%€262,593▼ 18.6%
Working capital€154,244▲ 721%€199,721within the sector's middle half▲ 29.5%€418,419within the sector's middle half▲ 110%€922,679above the sector's middle half▲ 121%€1.0mabove the sector's middle half▲ 9.2%
Solvency85.4%▲ 5.0pp83.6%above the sector's middle half▼ 1.8pp93.2%above the sector's middle half▲ 9.6pp89.1%above the sector's middle half▼ 4.1pp91.2%above the sector's middle half▲ 2.1pp
Current ratio1.41▲ 0.381.49within the sector's middle half▲ 0.083.77above the sector's middle half▲ 2.284.08above the sector's middle half▲ 0.314.93above the sector's middle half▲ 0.85
Return on assets (ROA)5.7%▲ 2.2pp1.0%within the sector's middle half▼ 4.7pp8.1%above the sector's middle half▲ 7.1pp16.3%above the sector's middle half▲ 8.2pp5.7%above the sector's middle half▼ 10.6pp
Staff (FTE)00within the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €17,905 after €91,824 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€1.7m ▼ 1.2%
Current assets
€1.3m ▲ 3.4%
Equity and liabilities €3.0m
Equity
€2.7m ▲ 3.1%
Debt
€262,593 ▼ 18.6%
Debt's share of the balance-sheet total falls from 10.9% to 8.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,197▼
2024 · €112,686
Cash flow
€193,766▼
2024 · €502,501
Debt to equity
0.10▼
2024 · 0.12
ROE
6.2%▼
2024 · 18.2%
Interest coverage
0.94▼
2024 · 17.09
Debt ≤ 1 year
€256,524▼
2024 · €299,734
Income taxes
€18,112▼
2024 · €51,189
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 | €12,116 | €12,428 | €13,101 | €20,862 | €24,103 | ▲ 15.5% |
| Other operating charges640/8 | - | €1,954 | €1,663 | €1,733 | €2,428 | ▲ 40.1% |
| Gross operating margin9900 | €7,510 | -€11,052 | €32,706 | €114,419 | €8,625 | ▼ 92.5% |
| Operating profit (loss)9901 | -€19,804 | -€25,434 | €17,942 | €91,824 | -€17,905 | ▼ 119% |
| Financial income75/76B | - | €73,459 | €219,133 | €447,599 | €212,250 | ▼ 52.6% |
| Recurring financial income75 | €191,654 | €73,459 | €219,133 | €447,599 | €212,250 | ▼ 52.6% |
| Financial charges65/66B | - | €19,822 | €11,262 | €6,596 | €6,569 | ▼ 0.4% |
| Recurring financial charges65 | €13,235 | €19,822 | €11,262 | €6,596 | €6,569 | ▼ 0.4% |
| Profit (loss) for the period before taxes9903 | €161,003 | €28,204 | €225,812 | €532,828 | €187,775 | ▼ 64.8% |
| Income taxes67/77 | €14,891 | €3,044 | €26,409 | €51,189 | €18,112 | ▼ 64.6% |
| Profit (loss) for the period9904 | €146,112 | €25,160 | €199,404 | €481,638 | €169,664 | ▼ 64.8% |
| Profit (loss) for the period to be appropriated9905 | €146,112 | €25,160 | €199,404 | €481,638 | €169,664 | ▼ 64.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.6m | €2.5m | €2.5m | €3.0m | €3.0m | ▲ 0.7% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €2.0m | €1.9m | €1.9m | €1.7m | €1.7m | ▼ 1.2% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €49,027 | €38,020 | €26,968 | €64,825 | €43,549 | ▼ 32.8% |
| Furniture and vehicles24 | - | €38,020 | €26,968 | €64,825 | €43,549 | ▼ 32.8% |
| Financial fixed assets28 | €2.0m | €1.9m | €1.9m | €1.7m | €1.7m | = |
| Current assets29/58 | €529,005 | €604,169 | €569,299 | €1.2m | €1.3m | ▲ 3.4% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €447,718 | €293,557 | €426,280 | €1.0m | €1.1m | ▲ 9.9% |
| Trade receivables40 | - | €8,288 | €17,525 | €30,311 | €13,047 | ▼ 57.0% |
| Other amounts receivable41 | - | €285,269 | €408,754 | €1.0m | €1.1m | ▲ 11.9% |
| Current investments50/53 | €54,287 | €280,293 | - | - | - | - |
| Cash at bank and in hand54/58 | €42,081 | €7,462 | €119,573 | €164,999 | €97,051 | ▼ 41.2% |
| Deferred charges and accrued income490/1 | - | €22,856 | €23,446 | €23,528 | €31,151 | ▲ 32.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.6m | €2.5m | €2.5m | €3.0m | €3.0m | ▲ 0.7% |
| Equity10/15 | €2.2m | €2.1m | €2.3m | €2.6m | €2.7m | ▲ 3.1% |
| Contributions10/11 | - | €884,284 | €884,284 | €884,284 | €884,284 | = |
| Reserves13 | €1.3m | €1.2m | €1.4m | €1.8m | €1.8m | ▲ 4.6% |
| Non-distributable reserves130/1 | - | €42,302 | €42,302 | €0 | - | - |
| Reserves not available under the articles1311 | - | €42,302 | €42,302 | €0 | - | - |
| Tax-exempt reserves132 | - | €131 | €131 | €131 | €131 | = |
| Distributable reserves133 | - | €1.2m | €1.4m | €1.8m | €1.8m | ▲ 4.6% |
| Profit (loss) carried forward14 | €0 | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €383,325 | €413,021 | €167,696 | €322,562 | €262,593 | ▼ 18.6% |
| Amounts payable within one year42/48 | €374,762 | €404,448 | €150,880 | €299,734 | €256,524 | ▼ 14.4% |
| Trade debts44 | €10,071 | €4,320 | €10,792 | €15,422 | €12,348 | ▼ 19.9% |
| Suppliers440/4 | - | €4,320 | €10,792 | €15,422 | €12,348 | ▼ 19.9% |
| Taxes, remuneration and social security45 | - | €5,075 | €20,119 | €32,875 | €8,001 | ▼ 75.7% |
| Taxes450/3 | - | €5,075 | €20,119 | €32,875 | €8,001 | ▼ 75.7% |
| Other amounts payable47/48 | - | €395,052 | €119,969 | €251,437 | €236,175 | ▼ 6.1% |
| Accrued charges and deferred income492/3 | - | €8,574 | €16,816 | €22,829 | €6,069 | ▼ 73.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €146,112 | €25,160 | €199,404 | €481,638 | €169,664 | ▼ 64.8% |
| + Depreciation and write-downs630 | €12,116 | €12,428 | €13,101 | €20,862 | €24,103 | ▲ 15.5% |
| Operating cash flow (approximation) | €158,227 | €37,588 | €212,505 | €502,501 | €193,766 | ▼ 61.4% |
| Investment in fixed assets (approximation) | - | €98,872 | -€2,050 | €140,125 | -€2,827 | ▼ 102% |
| Change in cash | - | -€34,619 | €112,111 | €45,425 | -€67,947 | ▼ 250% |
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
04-08
State Gazette act
Purpose · Statutes amendment · RestructuringMerger · Accounting effect · Purpose change9 facts ▸
State Gazette act
Purpose · Statutes amendment · Restructuring
Merger · Accounting effect · Purpose change9 facts ▸
- General meeting, 08-06-2026
- Other statement, verzaking aan opmaak tussentijdse cijfers, eenparig
- Merger, met fusie door overneming gelijkgestelde verrichting, BE 0475.640.290
- Accounting effect, 01-04-2026
- Other statement, ontslag en kwijting aan de bestuurder van de overgenomen vennootschap
- Purpose change
- Other statement, wijziging van het aantal aandelen en toewijzing, 1860
- Other statement, verslaggeving over wijziging aantal aandelen, verslaggeving van het bestuursorgaan van 2 juni 2026
- Statutes amendment
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 29 days late
2025
30-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 30 days late
2024
30-09
Financial
Highest result since 2018net €481,638 ▲142%
Operating result €91,824, net result €481,638, both a record.
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 22 days late
2023
30-09
Financial
Liquidity triplescurrent ratio 3.77
Current ratio from 1.49 to 3.77; short-term debt falls from €404,448 to €150,880.
29-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Weakest financial yearnet €25,160 ▼82.8%
Net result drops to €25,160, the lowest in the series; recovery starts the following year.
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 13 days late
2019
30-09
Financial
Equity above €2mEq €2.0m ▲4.7%
2 profitable years in a row build equity to €2.0m.
Show earlier events
17-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 17 days late
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2006
Ground area
1,012 m²
Building footprint
208 m²
Volume, LiDAR
1,071 m³
Parcel 36503C1343/00W000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TEOS
since 20062.157.867.344
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C1343/00W000 | Flanders | 1,012 m² | 1 · 208 m² | 8.6 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.
Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 4
-
99.46%
-
99.46%
-
33.33%
-
29.57%
According to the annual accounts to 30-09-2025 of TEOS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTook over:STABIS
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 3,338 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-11-2006
Fiscal year end30-09
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
71121Engineering and related technical consultancy, excluding land surveyors
68201Renting and operating of own or leased residential real estate, excluding social housing
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885236054
Also
9925:BE0885236054
Registered
31-08-2025
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.