TESP WATERPROOF
ActiveThe computed 12-month bankruptcy probability of TESP WATERPROOF is 3.9% (moderate). The 2025 annual accounts show negative equity (€-13k) and a net result of €-14k. Equity is growing by ~46.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 27559 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
20
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-27
Growth78=
Track record94
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.52 against 0.98 in 2024; short-term debt: 130.5% and cash: 18.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
-30.5%
Return on assets
-32.8%
Age of the figures
12 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-13k
raises risk · Filed more than 90 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 28-08-2026, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
120 d late
2024
457 d late
2023
128 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-13k
2024 · €954
2023: €-24k
2024: €954
2023 → 2025
Total assets
€41k▼ 2.3%
2024 · €42k
2023: €28k
2024: €42k
2023 → 2025
Net result
€-14k
2024 · €25k
2023: €-26k
2024: €25k
2023 → 2025
Working capital
€-26k▼ 2,727%
2024 · €-911
2023: €-26k
2024: €-911
2023 → 2025
Multi-year overview
Available amounts per fiscal year
Line202320242025Trend
Equity€-24k-€954€-13k
Operating result€-26k-€26k€-4k
Net result€-26k-€25k€-14k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €26k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€13k▲ 602%
Current assets
€28k▼ 30.1%
Key figures and ratios
EBITDA
€-2k▼
2024 · €27k
Cash flow
€-12k▼
2024 · €26k
Solvency
-30.5%▼
2024 · 2.2%
Current ratio
0.52▼
2024 · 0.98
Quick ratio
0.52▼
2024 · 0.98
Debt / equity
-4.28
ROA
-32.8%▼
2024 · 59.8%
Interest coverage
-0.61▼
2024 · 26.99
Debt
€54k▲
2024 · €41k
Debt ≤ 1 year
€54k▲
2024 · €41k
Income taxes
€7k
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€42k€41k▼
Fixed assets21/28€2k€13k▲
Intangible fixed assets21€927€449▼
Tangible fixed assets22/27€939€13k▲
Plant, machinery and equipment23€939€7k▲
Furniture and vehicles24-€5k
Current assets29/58€41k€28k▼
Amounts receivable within one year40/41€32k€21k▼
Trade receivables40€26k€2k▼
Other amounts receivable41€6k€19k▲
Cash at bank and in hand54/58€8k€8k▼
Equity and liabilities
Total equity and liabilities10/49€42k€41k▼
Equity10/15€954€-13k▼
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-546€-14k▼
Amounts payable17/49€41k€54k▲
Amounts payable within one year42/48€41k€54k▲
Trade debts44€41k€31k▼
Suppliers440/4€41k€31k▼
Taxes, remuneration and social security45€354€23k▲
Taxes450/3€354€23k▲
Income statement
Code20242025
Remuneration, social security and pensions62€1k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€537€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€6k-
Other operating charges640/8€5k€6k▲
Gross operating margin9900€38k€4k▼
Operating profit (loss)9901€26k€-4k▼
Financial income75/76B€221€1k▲
Recurring financial income75€221€1k▲
Financial charges65/66B€988€4k▲
Recurring financial charges65€988€4k▲
Profit (loss) for the period before taxes9903€25k€-7k▼
Income taxes67/77-€7k
Profit (loss) for the period9904€25k€-14k▼
Profit (loss) for the period to be appropriated9905€25k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-546€-14k▼
Profit (loss) brought forward from the previous period14P€-26k€-546▲
The notes to these accounts (10 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 120 days late
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 457 days late
2024
30-09
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 128 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Balen · 1 establishment unit since 2022
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.
Bankei 642490 BalenGround area
1,402 m²
Building footprint
173 m²
Volume, LiDAR
735 m³
Parcel 13342B1326/00C028, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TESP WATERPROOF
since 20222.327.974.462
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13342B1326/00C028 | Flanders | 1,402 m² | 1 · 173 m² | 6.3 m · 1 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.
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ROUSSEL-BASTIN
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ABS DUCHEYNE
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ALGEMENE DAKCONSTRUCTIES
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Of 8,562 companies in sector 43410 we hold annual accounts for 4,354. 333 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2022
Fiscal year end30-09
Abbreviation NL
TESP
Activities, NACEBEL
43410Roofing work
43320Joinery installation
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:tespwaterproof@hotmail.com
Phone:0492507857