TES-ENGINEERING
ActiveSummary
TES-ENGINEERING has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233,204 and a net result of €30,072. Equity has been shrinking by about 2.8% per year since 2018. Its solvency ranks better than 94% of 11,772 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-01-2007 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 4 others
- Establishment unit
- 2.159.430.628 3910 Pelt, since 24-01-2007
- Financial year end
- 31 December
- Peppol
- Reachable since 15-07-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €33,149
- ▲ 139%
- Turnover
- ≈ €100,000
- estimated
- Profit
- €30,072
- ▲ 393%
- Equity
- €233,204
- ▲ 14.8%
- Total assets
- €249,324
- ▲ 19.0%
Score breakdownlowers riskLiquidity: current ratio 15.60, cash €189,766Equity €233,204 (93.5% of total assets)Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Size: total assets €249,324Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 87% of them on solvency, 97% on liquidity, 28% on profitability and 62% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 30 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 19 filings
Every figure per financial year
The operating result for 2025 is 5.6 times that of 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Subsidies and aid
Flemish government
2024 · 1 entry · €7,425 awarded| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,006 | €6,006 | €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 | €1,180 | ▲ 2.1% |
| Gross operating margin9900 | €41,507 | €72,149 | -€3,804 | -€21,214 | -€9,401 | -€7,600 | €13,877 | €33,149 | ▲ 139% |
| Operating profit (loss)9901 | €33,869 | €65,173 | -€10,790 | -€28,203 | -€31,088 | -€8,670 | €5,721 | €31,969 | ▲ 459% |
| Financial income75/76B | - | - | - | - | €1 | €525 | €659 | €1,865 | ▲ 183% |
| Recurring financial income75 | €235 | €144 | €56 | - | €1 | €525 | €659 | €1,865 | ▲ 183% |
| Financial charges65/66B | - | - | - | €44 | €48 | €55 | €67 | €533 | ▲ 694% |
| Recurring financial charges65 | €917 | €360 | €0 | €44 | €48 | €55 | €67 | €533 | ▲ 694% |
| Profit (loss) for the period before taxes9903 | €33,188 | €64,957 | -€10,734 | -€28,247 | -€31,135 | -€8,200 | €6,313 | €33,300 | ▲ 427% |
| Income taxes67/77 | €6,758 | €13,878 | €218 | €222 | €227 | €216 | €210 | €3,228 | ▲ 15× |
| Profit (loss) for the period9904 | €26,429 | €51,079 | -€10,952 | -€28,468 | -€31,361 | -€8,416 | €6,103 | €30,072 | ▲ 393% |
| Profit (loss) for the period to be appropriated9905 | €26,429 | €51,079 | -€10,952 | -€28,468 | -€31,361 | -€8,416 | €6,103 | €30,072 | ▲ 393% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €235,552 | €299,661 | €272,308 | €244,693 | €215,884 | €209,386 | €209,453 | €249,324 | ▲ 19.0% |
| Fixed assets21/28 | €24,023 | €18,017 | €12,011 | €6,006 | - | - | - | - | - |
| Tangible fixed assets22/27 | €24,023 | €18,017 | €12,011 | €6,006 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €6,006 | - | - | - | - | - |
| Current assets29/58 | €211,529 | €281,644 | €260,296 | €238,688 | €215,884 | €209,386 | €209,453 | €249,324 | ▲ 19.0% |
| Amounts receivable within one year40/41 | €19,473 | €33,711 | €18,516 | €18,547 | €9,938 | €15,730 | €28,090 | €58,080 | ▲ 107% |
| Trade receivables40 | - | - | - | €17,848 | €9,042 | €15,730 | €28,090 | €58,080 | ▲ 107% |
| Other amounts receivable41 | - | - | - | €700 | €897 | - | - | - | - |
| Cash at bank and in hand54/58 | €180,905 | €246,616 | €240,657 | €218,911 | €204,486 | €192,044 | €179,833 | €189,766 | ▲ 5.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,229 | €1,459 | €1,612 | €1,529 | €1,479 | ▼ 3.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €235,552 | €299,661 | €272,308 | €244,693 | €215,884 | €209,386 | €209,453 | €249,324 | ▲ 19.0% |
| Equity10/15 | €226,336 | €276,727 | €265,775 | €236,807 | €205,445 | €197,029 | €203,132 | €233,204 | ▲ 14.8% |
| Contributions10/11 | €12,500 | €12,500 | - | €12,500 | €12,500 | €12,500 | €12,500 | €12,500 | = |
| Reserves13 | €213,836 | €213,836 | €213,836 | €213,836 | €192,945 | €182,283 | €182,283 | €212,356 | ▲ 16.5% |
| 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 | €212,356 | ▲ 16.5% |
| Profit (loss) carried forward14 | - | €50,391 | €39,439 | €10,471 | - | €2,246 | €8,348 | €8,348 | = |
| Amounts payable17/49 | €9,216 | €22,934 | €6,533 | €7,887 | €10,438 | €12,357 | €6,321 | €16,120 | ▲ 155% |
| Amounts payable within one year42/48 | €8,904 | €22,934 | €6,133 | €7,887 | €9,287 | €11,435 | €6,321 | €15,981 | ▲ 153% |
| Trade debts44 | €1,484 | €1,668 | €726 | €593 | €239 | €271 | €975 | €66 | ▼ 93.2% |
| Suppliers440/4 | - | - | - | €593 | €239 | €271 | €975 | €66 | ▼ 93.2% |
| Taxes, remuneration and social security45 | - | - | - | €1,222 | €1,227 | €2,343 | €3,346 | €11,338 | ▲ 239% |
| Taxes450/3 | - | - | - | €245 | €245 | €1,339 | €2,346 | €6,344 | ▲ 170% |
| Remuneration and social security454/9 | - | - | - | €976 | €982 | €1,004 | €1,000 | €4,994 | ▲ 399% |
| Other amounts payable47/48 | - | - | - | €6,073 | €7,820 | €8,822 | €1,999 | €4,576 | ▲ 129% |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,152 | €922 | - | €139 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,429 | €51,079 | -€10,952 | -€28,468 | -€31,361 | -€8,416 | €6,103 | €30,072 | ▲ 393% |
| + Depreciation and write-downs630 | €6,006 | €6,006 | €6,006 | €6,006 | €6,006 | - | - | - | - |
| Operating cash flow (approximation) | €32,435 | €57,085 | -€4,946 | -€22,463 | -€25,356 | -€8,416 | €6,103 | €30,072 | ▲ 393% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - | - | - | - |
| Change in cash | - | €65,711 | -€5,959 | -€21,746 | -€14,425 | -€12,442 | -€12,211 | €9,932 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as TES-ENGINEERING has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of TES-ENGINEERING itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for TES-ENGINEERING. 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.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00208055 | |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00202985 | |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00130687 | |
| 31-12-2022 | micro format | 06-07-2023 | 2023-00226583 | |
| 31-12-2021 | micro format | 11-07-2022 | 2022-20175373 | |
| 31-12-2020 | micro format | 09-07-2021 | 2021-33900494 | |
| 31-12-2019 | micro format | 10-07-2020 | 2020-29100062 | |
| 31-12-2018 | micro format | 28-06-2019 | 2019-24900171 | |
| 31-12-2017 | micro format | 02-07-2018 | 2018-27300442 | |
| 31-12-2016 | micro format | 28-07-2017 | 2017-38400331 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 02-01-2024 Converted to unavailable equity · €14,360
- 02-01-2024 Converted to uncalled contributions · €6,100
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| van SEGGELEN Martinus Adrianus |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, 1”
Articles of association, deed of 02-01-2024 (in Dutch)
Network & group
TES-ENGINEERING shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of TES-ENGINEERING. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
02-01
Gazette deed
Change of role: van SEGGELEN Martinus Adrianus, from statutory manager to directorLegal-form conversion · Capital conversion · Reserve release14 points ▸
- General meeting, 14-12-2023
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Capital conversion, “eigen vermogensrekening niet opgevraagde inbrengen” (deed in Dutch)
- Reserve release, “vormen en meerderheden van de statutenwijziging, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Other provision, “zeteladres niet in statuten, (Vlaams)Gewest” (deed in Dutch)
- Other provision, “ongewijzigde bepalingen, (maatschappelijk)doel=>voorwerp” (deed in Dutch)
- Capital
- Power of attorney, Benoit LEVECQ
- Director resignation, van SEGGELEN Martinus Adrianus (statutory manager)
- Director appointment, van SEGGELEN Martinus Adrianus (director)
- The act holds 2 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
4 activities
- Projectmanagement;
- Begeleiding,uitwerking en implementatie van automatisatie;
- Het verlenen van adviezen van technische,commerciële,organisatorische of administratieve aard;het in de ruime zin van het woord verlenen van bijstand en diensten;
- Het organiseren van cursussen en opleidingen,het gebruik van software,alsook het organiseren van administraties en secretariaten;de aanmaak en commercialisering van software.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 72362C0334/00W017 | Flanders | 783 m² | 1 · 124 m² | 7.0 m · 2 |