Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of TEOSTAN is 2.3% (moderate). The 2024 annual accounts show equity of €131k and a net result of €39k. Equity is growing by ~38% per year across the filed fiscal years. Its solvency ranks better than 90% of 3827 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 3 annual accounts.
Signals
3 signals · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 90% of 3827 peers (2024). A comfortable equity buffer.
View the sector comparison Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 19-06-2025 | 42 d early | 2025-00159070 |
| 31-12-2023 | 31-07-2024 | 01-07-2024 | 30 d early | 2024-00213991 |
| 31-12-2022 | 31-07-2023 | 15-06-2023 | 46 d early | 2023-00133337 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.3%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-failure-rate sector
+Higher-failure-rate region
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Turnover€445k+0.4%
EBIT margin11.4%+2.5pp
Net result€39k+29.9%
Working capital€130k+45.5%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~38%/year over 3 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 78.0% | 39.4% | |
| Net result | €39k | €9k | |
| Equity | €131k | €29k | |
| Gross operating margin | €52k | €26k | |
| Total assets | €168k | €85k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P90
Improving position over 2022-2024
· n=2230-3827
P84
Stable position over 2022-2024
· n=2224-3824
P91
Stable position over 2022-2024
· n=2235-3832
P70
Stable position over 2022-2024
· n=2218-3822
Describes the position versus peers, not a forecast.
€445k
+0.4%
22-24
€52k
+19.8%
22-24
€39k
+29.9%
22-24
€41k
+18.9%
22-24
€168k
+28.6%
22-24
€131k
+42.9%
22-24
€130k
+45.5%
22-24
€11k
+20.8%
22-24
€37k
-4.9%
22-24
€37k
-4.9%
22-24
4.51
+36.9%
22-24
4.51
+36.9%
22-24
78.0%
+11.1%
22-24
0.28
-33.5%
22-24
30.0%
-9.1%
22-24
23.4%
+1.0%
22-24
8.8%
+29.3%
22-24
11.7%
+19.2%
22-24
122.39
-50.4%
22-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | €445k |
| EBITDA | €52k |
| Net profit | €39k |
| Cash flow | €41k |
| Staff costs | - |
| Income taxes | €11k |
| Dividends | - |
| Total assets | €168k |
| Equity | €131k |
| Debt | €37k |
| of which ≤ 1y | €37k |
| of which > 1y | - |
| Working capital | €130k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 4.51 |
| Quick ratio | 4.51 |
| Working capital ratio | 77.3% |
| Solvency | 78.0% |
| Debt / equity | 0.28 |
| Long-term debt ratio | - |
| Interest coverage | 122.39 |
| Gross margin | 9.7% |
| Net margin | 8.8% |
| ROA | 23.4% |
| ROE | 30.0% |
| EBITDA margin | 11.7% |
| Days sales outstanding | 91d |
| Days payable outstanding | 3d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €168k |
| Fixed assets | 21/28 | €1k |
| Financial fixed assets | 28 | €1k |
| Current assets | 29/58 | €167k |
| Amounts receivable within one year | 40/41 | €163k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €168k |
| Equity | 10/15 | €131k |
| Contributions / capital | 10/11 | €5k |
| Accumulated profits (losses) | 14 | €126k |
| Amounts payable | 17/49 | €37k |
| Amounts payable within one year | 42/48 | €37k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Turnover | 70 | €445k |
| Gross operating margin | 9900 | €52k |
| Operating result | 9901 | €51k |
| Financial income | 75 | €0 |
| Financial charges | 65 | €424 |
| Result before taxes | 9903 | €50k |
| Income taxes | 67/77 | €11k |
| Net result for the period | 9904 | €39k |
| Result to be appropriated | 9905 | €39k |
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed100
/ 100
Excellent
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Joseph Wauters 34A7190 EcaussinnesEstablishment units
1 locationTEOSTAN
since 20212.317.085.916
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area322 m²
Buildings1
Building footprint88 m²
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55024D0216/00G002 | Wallonia | 322 m² | 1 · 88 m² | - |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts Capital history · 1
23-04-2026
Capital conversion: type: actions nominatives, shares: 100
Address history · 4
23-04-2026
Seat change: Rue Joseph Wauters 34A, 7190 Écaussinnes-d'Enghien
22-04-2026
Seat change: new: 7190 Ecaussines, Rue Joseph Wauters, 34 А, old: 1700 Dilbeek, Rozenlaan, 5 bus 102
17-03-2026
v3.2
07-02-2022
v3.2
All acts · 5
updated 3 months ago
2026
23-04-2026 Act object · Notarial deed · General meeting · Seat change
- Act object: STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS) · TEOSTAN
- Notarial deed: 2022-04-20 · TEOSTAN
- General meeting: 2022-04-20 · TEOSTAN
- Seat change: Rue Joseph Wauters 34A, 7190 Écaussinnes-d'Enghien · TEOSTAN
- Statute amendment: adoption des statuts en français · TEOSTAN
- Filing: 2026-04-21 · TEOSTAN
- Publication: 2026-04-23 · TEOSTAN
- Purpose change · TEOSTAN
- Capital conversion: type: actions nominatives, shares: 100 · TEOSTAN
- Annual meeting schedule: premier lundi du mois de juin à 18 heures · TEOSTAN
- First fiscal year: end: 31-12, start: 01-01 · TEOSTAN
- Representation rule: Chaque administrateur représente la société à l'égard des tiers et en justice, soit en demandant, soit en défendant. · TEOSTAN
- Governance rule: Lorsque la société est administrée par plusieurs administrateurs, chaque administrateur agissant seul, peut accomplir tous les actes nécessaires ou utiles à l’accomplissement de l’objet · TEOSTAN
Summary:
Act object · Notarial deed · General meeting · Seat change
22-04-2026 Act object · Notarial deed · General meeting · Seat change
- Filing: 2026-04-20 · TEOSTAN
- Publication: 2026-04-22 · TEOSTAN
- Act object: MAATSCHAPPELIJKE ZETEL · TEOSTAN
- Notarial deed: 2026-04-20 · TEOSTAN
- General meeting: 2026-04-20 · TEOSTAN
- Seat change: new: 7190 Ecaussines, Rue Joseph Wauters, 34 А, old: 1700 Dilbeek, Rozenlaan, 5 bus 102 · TEOSTAN
- Statute amendment: Franse statuten · TEOSTAN
Summary:
Act object · Notarial deed · General meeting · Seat changeNotary:
Jean-Pierre BERTHET
17-03-2026 Registered office moved from Zaventem to Dilbeek
2022
07-02-2022 Registered office moved within ZAVENTEM
- IMPERIASTRAAT 8, 1930 ZAVENTEM → LEUVENSESTEENWEG 533, 1930 ZAVENTEM
Summary:
v3.2
2021
22-04-2021 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes81
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
76
Solvency
100
Growth
35
Stability
94
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We hold annual accounts for 5,317 of the 29,570 companies in this sector. 4,053 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Loodgieterswerk43221Sanitaire werkzaamheden43221Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Dakwerkzaamheden43410Dakwerkzaamheden43910
Primary activity highlighted.
Names & trade names
| Legal nameNL | TEOSTAN |
Registered office
Rue Joseph Wauters 34A
7190 Ecaussinnes, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.