Teseo is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €322k and a net result of €99k. Equity is growing by ~40.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 9864 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9864 sector peers (2024).
NBB · sector comparisonPosition among 9864 sector peers
Solvency
better than 19%
← weakest
strongest →
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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
140 d early
2022
121 d early
2021
50 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€322k▲ 44.3%
2023 · €223k
2021: €86k
2022: €163k
2023: €223k
2021 → 2024
Net result
€99k▲ 63.5%
2023 · €60k
2021: €63k
2022: €77k
2023: €60k
2021 → 2024
Total assets
€2.06M▲ 45.6%
2023 · €1.42M
2021: €387k
2022: €847k
2023: €1.42M
2021 → 2024
Solvency
15.6%▼ 0.1pp
2023 · 15.7%
2021: 22.1%
2022: 19.2%
2023: 15.7%
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Turnover€87k-
Equity€86k-€163k▲ 89.8%€223k▲ 37.2%€322k▲ 44.3%
Operating result€68k-€84k▲ 24.1%€95k▲ 13.0%€163k▲ 70.7%
Net result€63k-€77k▲ 21.9%€60k▼ 21.4%€99k▲ 63.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 71% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.06M
Fixed assets
€1.31M▲ 38.2%
Current assets
€751k▲ 60.5%
Equity and liabilities €2.06M
Equity
€322k▲ 44.3%
Debt
€1.74M▲ 45.8%
The debt ratio rises from 84.3% to 84.4%. Equity and debt are higher.
Key figures and ratios
Solvency
15.6%▼
2023 · 15.7%
ROE
30.7%▲
2023 · 27.1%
ROA
4.8%▲
2023 · 4.3%
Debt
€1.74M▲
2023 · €1.19M
Debt ≤ 1 year
€781k▲
2023 · €507k
Debt > 1 year
€960k▲
2023 · €687k
Income taxes
€36k▲
2023 · €17k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.42M€2.06M▲
Fixed assets21/28€949k€1.31M▲
Tangible fixed assets22/27€949k€1.31M▲
Land and buildings22€949k€1.31M▲
Current assets29/58€468k€751k▲
Amounts receivable within one year40/41€2k€8k▲
Trade receivables40€2k€2k▲
Other amounts receivable41-€5k
Current investments50/53€62k€2k▼
Cash at bank and in hand54/58€403k€740k▲
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.42M€2.06M▲
Equity10/15€223k€322k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€218k€317k▲
Amounts payable17/49€1.19M€1.74M▲
Amounts payable after more than one year17€687k€960k▲
Financial debts170/4€687k€960k▲
Amounts payable within one year42/48€507k€781k▲
Current portion of amounts payable after more than one year42€30k€45k▲
Trade debts44€2k€13k▲
Suppliers440/4€2k€13k▲
Taxes, remuneration and social security45€19k€55k▲
Taxes450/3€19k€55k▲
Other amounts payable47/48€455k€668k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€43k▲
Other operating charges640/8€10k€13k▲
Gross operating margin9900€134k€219k▲
Operating profit (loss)9901€95k€163k▲
Financial income75/76B€4k€12k▲
Recurring financial income75€4k€12k▲
Financial charges65/66B€22k€39k▲
Recurring financial charges65€22k€39k▲
Profit (loss) for the period before taxes9903€78k€135k▲
Income taxes67/77€17k€36k▲
Profit (loss) for the period9904€60k€99k▲
Profit (loss) for the period to be appropriated9905€60k€99k▲
Appropriation of the result
Profit (loss) to be appropriated9906€218k€317k▲
Profit (loss) brought forward from the previous period14P€158k€218k▲
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €99k ▲63.5%
Operating result €163k, net result €99k, both a record.
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €60k ▼21.4%
Net result drops to €60k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €223k ▲37.2%
3 profitable years in a row build equity to €223k.
01-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150kEq €163k ▲89.8%
2 profitable years in a row build equity to €163k.
11-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2016
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.
Gentbruggekouter 75A9050 GentGround area
3.4 ha
Building footprint
641 m²
Parcel 44022A0637/00B000, Flanders. Linked by address, not a title deed.
1 establishment unit
Teseo
since 20162.252.703.947
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44022A0637/00B000 | Flanders | 3.4 ha | 1 · 641 m² | - |
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.
Structure & network
Group per the LEI register
1 fund1 fund in the register
Managed fund:Bluebird Capital
Recognitions · licences · registrations
Legal Entity Identifier
967600IDUENE4Y6G6D38
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Of 153 companies in sector 64310 we hold annual accounts for 73. 37 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-04-2016
Fiscal year end31-12
Activities, NACEBEL
64300Financial service activities, except insurance and pension funding
64310Financial service activities, except insurance and pension funding
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.