TES-ENGINEERING
ActiveSummary
TES-ENGINEERING has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €203,132 and a net result of €6,103. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 95% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability45▲+18
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 33.14 against 18.31 in 2023; short-term debt: 3% and cash: 85.9% of total assets), and 3% of the assets are financed with debt.
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Signals
Three 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
47 d early
2022
25 d early
2021
20 d early
2020
22 d early
2019
21 d early
← 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 29 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€203,132▲ 3.1%
2023 · €197,029
Total assets
€209,453=
2023 · €209,386
Net result
€6,103
2023 · -€8,416
Working capital
€203,132▲ 2.6%
2023 · €197,951
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€10,790-€28,203▼ 161%-€31,088▼ 10.2%-€8,670▲ 72.1%€5,721
Net result-€10,952-€28,468▼ 160%-€31,361▼ 10.2%-€8,416▲ 73.2%€6,103
Equity€265,775▼ 4.0%€236,807▼ 10.9%€205,445▼ 13.2%€197,029▼ 4.1%€203,132▲ 3.1%
Total assets€272,308▼ 9.1%€244,693▼ 10.1%€215,884▼ 11.8%€209,386▼ 3.0%€209,453=
Debt€6,533▼ 71.5%€7,887▲ 20.7%€10,438▲ 32.4%€12,357▲ 18.4%€6,321▼ 48.8%
Working capital€254,164▼ 1.8%€230,801▼ 9.2%€206,597▼ 10.5%€197,951▼ 4.2%€203,132▲ 2.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5,721 after a loss of €8,670 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €209,453
Equity
€203,132 ▲ 3.1%
Debt
€6,321 ▼ 48.8%
Debt's share of the balance-sheet total falls from 5.9% to 3.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
33.14▲
2023 · 18.31
Debt to equity
0.03▼
2023 · 0.06
ROE
3.0%▲
2023 · -4.3%
ROA
2.9%▲
2023 · -4.0%
Debt ≤ 1 year
€6,321▼
2023 · €11,435
Income taxes
€210▼
2023 · €216
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 10,891 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 | €6,006 | €6,006 | €6,006 | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €7,000 | - |
| Other operating charges640/8 | - | €984 | €15,680 | €1,070 | €1,156 | ▲ 8.1% |
| Gross operating margin9900 | -€3,804 | -€21,214 | -€9,401 | -€7,600 | €13,877 | ▲ 283% |
| Operating profit (loss)9901 | -€10,790 | -€28,203 | -€31,088 | -€8,670 | €5,721 | ▲ 166% |
| Financial income75/76B | - | - | €1 | €525 | €659 | ▲ 25.5% |
| Recurring financial income75 | €56 | - | €1 | €525 | €659 | ▲ 25.5% |
| Financial charges65/66B | - | €44 | €48 | €55 | €67 | ▲ 22.3% |
| Recurring financial charges65 | €0 | €44 | €48 | €55 | €67 | ▲ 22.3% |
| Profit (loss) for the period before taxes9903 | -€10,734 | -€28,247 | -€31,135 | -€8,200 | €6,313 | ▲ 177% |
| Income taxes67/77 | €218 | €222 | €227 | €216 | €210 | ▼ 2.8% |
| Profit (loss) for the period9904 | -€10,952 | -€28,468 | -€31,361 | -€8,416 | €6,103 | ▲ 173% |
| Profit (loss) for the period to be appropriated9905 | -€10,952 | -€28,468 | -€31,361 | -€8,416 | €6,103 | ▲ 173% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €272,308 | €244,693 | €215,884 | €209,386 | €209,453 | = |
| Fixed assets21/28 | €12,011 | €6,006 | - | - | - | - |
| Tangible fixed assets22/27 | €12,011 | €6,006 | - | - | - | - |
| Furniture and vehicles24 | - | €6,006 | - | - | - | - |
| Current assets29/58 | €260,296 | €238,688 | €215,884 | €209,386 | €209,453 | = |
| Amounts receivable within one year40/41 | €18,516 | €18,547 | €9,938 | €15,730 | €28,090 | ▲ 78.6% |
| Trade receivables40 | - | €17,848 | €9,042 | €15,730 | €28,090 | ▲ 78.6% |
| Other amounts receivable41 | - | €700 | €897 | - | - | - |
| Cash at bank and in hand54/58 | €240,657 | €218,911 | €204,486 | €192,044 | €179,833 | ▼ 6.4% |
| Deferred charges and accrued income490/1 | - | €1,229 | €1,459 | €1,612 | €1,529 | ▼ 5.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €272,308 | €244,693 | €215,884 | €209,386 | €209,453 | = |
| Equity10/15 | €265,775 | €236,807 | €205,445 | €197,029 | €203,132 | ▲ 3.1% |
| Contributions10/11 | - | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €213,836 | €213,836 | €192,945 | €182,283 | €182,283 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €211,976 | €191,085 | €182,283 | €182,283 | = |
| Profit (loss) carried forward14 | €39,439 | €10,471 | - | €2,246 | €8,348 | ▲ 272% |
| Amounts payable17/49 | €6,533 | €7,887 | €10,438 | €12,357 | €6,321 | ▼ 48.8% |
| Amounts payable within one year42/48 | €6,133 | €7,887 | €9,287 | €11,435 | €6,321 | ▼ 44.7% |
| Trade debts44 | €726 | €593 | €239 | €271 | €975 | ▲ 260% |
| Suppliers440/4 | - | €593 | €239 | €271 | €975 | ▲ 260% |
| Taxes, remuneration and social security45 | - | €1,222 | €1,227 | €2,343 | €3,346 | ▲ 42.9% |
| Taxes450/3 | - | €245 | €245 | €1,339 | €2,346 | ▲ 75.3% |
| Remuneration and social security454/9 | - | €976 | €982 | €1,004 | €1,000 | ▼ 0.4% |
| Other amounts payable47/48 | - | €6,073 | €7,820 | €8,822 | €1,999 | ▼ 77.3% |
| Accrued charges and deferred income492/3 | - | - | €1,152 | €922 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,952 | -€28,468 | -€31,361 | -€8,416 | €6,103 | ▲ 173% |
| + Depreciation and write-downs630 | €6,006 | €6,006 | €6,006 | - | - | - |
| Operating cash flow (approximation) | -€4,946 | -€22,463 | -€25,356 | -€8,416 | €6,103 | ▲ 173% |
| Investment in fixed assets (approximation) | - | €0 | - | - | - | - |
| Change in cash | - | -€21,746 | -€14,425 | -€12,442 | -€12,211 | ▲ 1.9% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6,103
Net result €6,103 after 4 loss-making years.
31-12
Financial
Equity above €200,000Eq €203,132 ▲3.1%
Equity rises from €197,029 to €203,132.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€31,361
Net result drops to -€31,361, the lowest in the series; recovery starts the following year.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 42.44
Current ratio from 12.28 to 42.44; short-term debt falls from €22,934 to €6,133.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €51,079 ▲93.3%
Operating result €65,173, net result €51,079, both a record.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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, Pelt · 1 establishment unit since 2007
Ground area
783 m²
Building footprint
124 m²
Volume, LiDAR
603 m³
Parcel 72362C0334/00W017, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TES-ENGINEERING BVBA
since 20072.159.430.628
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72362C0334/00W017 | Flanders | 783 m² | 1 · 124 m² | 7.0 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 7,425 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 7,425 EUR | 0 EUR |
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,110 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
Founded24-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886682146
Also
9925:BE0886682146
Registered
15-07-2024
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.