Tesec Belgium
ActiveTesec Belgium has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168k and a net result of €28k. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 80% of 7924 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-14
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 4.05 against 3.41 in 2024), and 24.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
75.6%
Return on assets
12.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
50 d early
2024
50 d early
2023
43 d early
2022
42 d early
2021
44 d early
2020
25 d early
2019
28 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€168k▲ 19.7%
2024 · €140k
2019: €15k
2020: €35k
2021: €59k
2022: €83k
2023: €113k
2024: €140k
2019 → 2025
Total assets
€222k▲ 12.7%
2024 · €197k
2019: €22k
2020: €123k
2021: €120k
2022: €134k
2023: €249k
2024: €197k
2019 → 2025
Net result
€28k▲ 2.4%
2024 · €27k
2019: €3k
2020: €19k
2021: €24k
2022: €24k
2023: €30k
2024: €27k
2019 → 2025
Working capital
€166k▲ 20.8%
2024 · €137k
2019: €13k
2020: €50k
2021: €55k
2022: €82k
2023: €109k
2024: €137k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€59k-€83k▲ 41.3%€113k▲ 36.2%€140k▲ 23.9%€168k▲ 19.7%
Operating result€31k-€29k▼ 6.3%€39k▲ 32.8%€38k▼ 2.5%€35k▼ 6.7%
Net result€24k-€24k▲ 0.8%€30k▲ 23.6%€27k▼ 10.1%€28k▲ 2.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222k
Fixed assets
€2k▼ 30.5%
Current assets
€220k▲ 13.4%
Equity and liabilities €222k
Equity
€168k▲ 19.7%
Debt
€54k▼ 4.7%
The debt ratio falls from 28.9% to 24.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€36k▼
2024 · €39k
Cash flow
€29k▲
2024 · €28k
Solvency
75.6%▲
2024 · 71.1%
Current ratio
4.05▲
2024 · 3.41
Quick ratio
4.05▲
2024 · 3.41
Debt / equity
0.32▼
2024 · 0.41
ROE
16.5%▼
2024 · 19.3%
ROA
12.5%▼
2024 · 13.7%
Interest coverage
1204.87▲
2024 · 10.05
Debt
€54k▼
2024 · €57k
Debt ≤ 1 year
€54k▼
2024 · €57k
Income taxes
€9k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€197k€222k▲
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€3k€2k▼
Current assets29/58€194k€220k▲
Amounts receivable within one year40/41€57k€50k▼
Trade receivables40€7k€48k▲
Other amounts receivable41€50k€2k▼
Current investments50/53€131k€156k▲
Cash at bank and in hand54/58€6k€14k▲
Equity and liabilities
Total equity and liabilities10/49€197k€222k▲
Equity10/15€140k€168k▲
Contributions10/11€12k€12k=
Reserves13€148€148=
Distributable reserves133€148€148=
Profit (loss) carried forward14€128k€155k▲
Amounts payable17/49€57k€54k▼
Amounts payable within one year42/48€57k€54k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€28k€26k▼
Suppliers440/4€28k€26k▼
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48€28k€26k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€925€925=
Other operating charges640/8€590€607▲
Gross operating margin9900€39k€37k▼
Operating profit (loss)9901€38k€35k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€4k€30▼
Recurring financial charges65€4k€30▼
Profit (loss) for the period before taxes9903€36k€37k▲
Income taxes67/77€9k€9k▲
Profit (loss) for the period9904€27k€28k▲
Profit (loss) for the period to be appropriated9905€27k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€128k€155k▲
Profit (loss) brought forward from the previous period14P€101k€128k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €150kEq €168k ▲19.7%
7 profitable years in a row build equity to €168k.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €30k ▲23.6%
Operating result €39k, net result €30k, both a record.
31-12
Financial
Equity above €100kEq €113k ▲36.2%
5 profitable years in a row build equity to €113k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-07-2023
Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2018
Cannot 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.
Tabakvest 872000 AntwerpenGround area
73 m²
Building footprint
66 m²
Volume, LiDAR
1,068 m³
Parcel 11803C0718/00D000, Flanders · tallest building 18.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Tabakvest 87, 2000 Antwerpen
since 20182.279.946.495
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C0718/00D000 | Flanders | 73 m² | 1 · 66 m² | 18.3 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Advieselec
BE 0828.027.632
Maarkedal · Eq €167k
Ferromac Europe
BE 0785.799.473
Antwerpen · Eq €168k
ESOPUS
BE 0450.050.997
Hasselt · Eq €169k
TOMT
BE 0833.044.512
Brussel · Eq €170k
APDIM
BE 0460.595.293
Hasselt · Eq €164k
Of 536 companies in sector 46120 we hold annual accounts for 302. 212 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-09-2018
Fiscal year end31-12
Activities, NACEBEL
46120Wholesale trade
46140Agents in the wholesale of industrial machinery, ships and aircraft
46150Agents in the wholesale of furniture, household goods and hardware
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.