TEPESAN
ActiveSummary
TEPESAN has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27,777 and a net result of €3,951. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 31% of 36381 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-15
Solvency55▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.45 in 2023; short-term debt: 41.3% and cash: 1.4% of total assets), but 70.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
29.6%
Return on assets
4.2%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
30 d late
2022
30 d late
2021
309 d late
2020
674 d late
2019
1039 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 342 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Financials · fiscal year 2024, micro schema
Equity
€27,777▲ 16.6%
2023 · €23,825
Total assets
€93,983▲ 23.3%
2023 · €76,221
Net result
€3,951▼ 52.8%
2023 · €8,374
Working capital
€31,316▲ 31.4%
2023 · €23,825
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result-€9,395€4,953€2,146▼ 56.7%€11,148▲ 419%€7,046▼ 36.8%
Net result-€9,124below the sector's middle half€4,776within the sector's middle half€1,893within the sector's middle half▼ 60.4%€8,374within the sector's middle half▲ 342%€3,951within the sector's middle half▼ 52.8%
Equity€8,782below the sector's middle half▼ 51.0%€13,558below the sector's middle half▲ 54.4%€15,452below the sector's middle half▲ 14.0%€23,825within the sector's middle half▲ 54.2%€27,777within the sector's middle half▲ 16.6%
Total assets€14,108below the sector's middle half▼ 38.9%€35,766below the sector's middle half▲ 154%€94,013within the sector's middle half▲ 163%€76,221within the sector's middle half▼ 18.9%€93,983within the sector's middle half▲ 23.3%
Debt€5,325▲ 2.9%€22,208▲ 317%€78,561▲ 254%€52,395▼ 33.3%€66,206▲ 26.4%
Working capital€8,782within the sector's middle half▼ 51.0%€13,558within the sector's middle half▲ 54.4%€15,452within the sector's middle half▲ 14.0%€23,825within the sector's middle half▲ 54.2%€31,316within the sector's middle half▲ 31.4%
Solvency62.3%within the sector's middle half▼ 15.3pp37.9%within the sector's middle half▼ 24.3pp16.4%below the sector's middle half▼ 21.5pp31.3%within the sector's middle half▲ 14.8pp29.6%within the sector's middle half▼ 1.7pp
Current ratio2.65within the sector's middle half▼ 1.811.61within the sector's middle half▼ 1.041.20within the sector's middle half▼ 0.411.45within the sector's middle half▲ 0.261.81within the sector's middle half▲ 0.35
Return on assets (ROA)-64.7%below the sector's middle half▼ 114.1pp13.4%within the sector's middle half▲ 78.0pp2.0%within the sector's middle half▼ 11.3pp11.0%within the sector's middle half▲ 9.0pp4.2%within the sector's middle half▼ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €93,983
Fixed assets
€23,805
Current assets
€70,178
Equity and liabilities €93,983
Equity
€27,777 ▲ 16.6%
Debt
€66,206 ▲ 26.4%
Debt's share of the balance-sheet total rises from 68.7% to 70.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,141
Cash flow
€7,047
Debt to equity
2.38▲
2023 · 2.20
ROE
14.2%▼
2023 · 35.1%
Interest coverage
3.15
Debt ≤ 1 year
€38,862▼
2023 · €52,395
Debt > 1 year
€27,344
Income taxes
€1,110▼
2023 · €2,230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €3,095 | - |
| Other operating charges640/8 | - | - | - | €1,640 | €1,757 | ▲ 7.2% |
| Gross operating margin9900 | -€9,395 | €4,953 | €2,146 | €12,788 | €11,899 | ▼ 7.0% |
| Operating profit (loss)9901 | -€9,395 | €4,953 | €2,146 | €11,148 | €7,046 | ▼ 36.8% |
| Financial income75/76B | €572 | - | - | €5 | €1,231 | ▲ 22,576% |
| Recurring financial income75 | €572 | - | - | €5 | €1,231 | ▲ 22,576% |
| Financial charges65/66B | €301 | €177 | €253 | €550 | €3,216 | ▲ 485% |
| Recurring financial charges65 | €301 | €177 | €253 | €550 | €3,216 | ▲ 485% |
| Profit (loss) for the period before taxes9903 | -€9,124 | €4,776 | €1,893 | €10,604 | €5,061 | ▼ 52.3% |
| Income taxes67/77 | - | - | - | €2,230 | €1,110 | ▼ 50.2% |
| Profit (loss) for the period9904 | -€9,124 | €4,776 | €1,893 | €8,374 | €3,951 | ▼ 52.8% |
| Profit (loss) for the period to be appropriated9905 | -€9,124 | €4,776 | €1,893 | €8,374 | €3,951 | ▼ 52.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,108 | €35,766 | €94,013 | €76,221 | €93,983 | ▲ 23.3% |
| Fixed assets21/28 | - | - | - | - | €23,805 | - |
| Tangible fixed assets22/27 | - | - | - | - | €23,805 | - |
| Furniture and vehicles24 | - | - | - | - | €23,805 | - |
| Current assets29/58 | €14,108 | €35,766 | €94,013 | €76,221 | €70,178 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €13,350 | €35,728 | €84,590 | €72,804 | €68,864 | ▼ 5.4% |
| Trade receivables40 | €6,380 | €30,228 | €84,590 | €62,779 | €39,358 | ▼ 37.3% |
| Other amounts receivable41 | €6,970 | €5,500 | - | €10,025 | €29,506 | ▲ 194% |
| Cash at bank and in hand54/58 | €757 | €38 | €423 | €3,417 | €1,314 | ▼ 61.5% |
| Deferred charges and accrued income490/1 | - | - | €9,000 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,108 | €35,766 | €94,013 | €76,221 | €93,983 | ▲ 23.3% |
| Equity10/15 | €8,782 | €13,558 | €15,452 | €23,825 | €27,777 | ▲ 16.6% |
| Contributions10/11 | €6,500 | €6,500 | €6,500 | €6,500 | €6,500 | = |
| Outside capital11 | €6,500 | €6,500 | - | - | - | - |
| Other1109/19 | €6,500 | €6,500 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €422 | €5,198 | €7,092 | €15,465 | €19,417 | ▲ 25.5% |
| Amounts payable17/49 | €5,325 | €22,208 | €78,561 | €52,395 | €66,206 | ▲ 26.4% |
| Amounts payable after more than one year17 | - | - | - | - | €27,344 | - |
| Financial debts170/4 | - | - | - | - | €27,344 | - |
| Amounts payable within one year42/48 | €5,325 | €22,208 | €78,561 | €52,395 | €38,862 | ▼ 25.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €6,559 | - |
| Trade debts44 | €2,402 | €3,128 | €65,419 | €21,872 | €27,562 | ▲ 26.0% |
| Suppliers440/4 | €2,402 | €3,128 | €65,419 | €21,872 | €27,562 | ▲ 26.0% |
| Advances received on contracts in progress46 | - | - | €664 | €17,700 | €1,400 | ▼ 92.1% |
| Taxes, remuneration and social security45 | €2,923 | €17,634 | €3,105 | €12,823 | €3,340 | ▼ 74.0% |
| Taxes450/3 | €2,923 | €2,923 | €3,105 | €12,823 | €3,340 | ▼ 74.0% |
| Remuneration and social security454/9 | - | €14,711 | - | - | - | - |
| Other amounts payable47/48 | - | €1,446 | €9,374 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,124 | €4,776 | €1,893 | €8,374 | €3,951 | ▼ 52.8% |
| + Depreciation and write-downs630 | - | - | - | - | €3,095 | - |
| Operating cash flow (approximation) | -€9,124 | €4,776 | €1,893 | €8,374 | €7,047 | ▼ 15.8% |
| Change in cash | - | -€719 | €385 | €2,994 | -€2,102 | ▼ 170% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
05-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 309 days late
05-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 674 days late
05-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1039 days late
2021
31-12
Financial
Back to profitnet €4,776
Net result €4,776 after one loss-making year.
2020
31-12
Financial
Weakest financial yearnet -€9,124
Net result drops to -€9,124, the lowest in the series; recovery starts the following year.
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, Antwerpen · 1 establishment unit since 2018
Ground area
256 m²
Building footprint
122 m²
Volume, LiDAR
695 m³
Parcel 11423B0316/00H002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TEPESAN
since 20182.274.756.896
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11423B0316/00H002 | Flanders | 256 m² | 1 · 122 m² | 9.6 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.
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Of 7,302 companies in sector 43350 we hold annual accounts for 2,363. 1,885 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 (pre-2019)
Founded11-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43120Site preparation
43230Insulation installation
43332Laying of wooden floor and wall coverings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0694667280
Also
9925:BE0694667280
Registered
12-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.