TESPA
ActiveSummary
TESPA has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€23,286) and a net result of -€8,936. Equity is shrinking by ~65.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Financials · fiscal year 2025, micro schema
2021 to 2025, 5 fiscal years
The operating result stays negative: a loss of €6,274 in 2025 against €2,249 in 2024; the loss grows.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
Peer companies
Historical observationOf the 1,564 companies that looked in July 2024 the way this one looks now, 5.1% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 1,564 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4,661 | €0 | - | - | - |
| Other operating charges640/8 | €1,117 | €836 | €563 | €693 | €1,244 | ▲ 79.4% |
| Gross operating margin9900 | -€5,609 | -€958 | -€4,012 | -€1,556 | -€5,030 | ▼ 223% |
| Operating profit (loss)9901 | -€6,726 | -€1,795 | -€4,575 | -€2,249 | -€6,274 | ▼ 179% |
| Financial charges65/66B | €474 | €4,274 | €2,042 | €2,215 | €2,662 | ▲ 20.2% |
| Recurring financial charges65 | €474 | €4,274 | €2,042 | €2,215 | €2,662 | ▲ 20.2% |
| Profit (loss) for the period before taxes9903 | -€7,201 | -€6,069 | -€6,617 | -€4,464 | -€8,936 | ▼ 100% |
| Profit (loss) for the period9904 | -€7,201 | -€6,069 | -€6,617 | -€4,464 | -€8,936 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | -€7,201 | -€6,069 | -€6,617 | -€4,464 | -€8,936 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €205,609 | €201,242 | €197,572 | €240,061 | €276,883 | ▲ 15.3% |
| Current assets29/58 | €205,609 | €201,242 | €197,572 | €240,061 | €276,883 | ▲ 15.3% |
| Stocks and contracts in progress3 | €189,419 | €128,373 | €128,373 | €235,299 | €235,299 | = |
| Stocks30/36 | €189,419 | €128,373 | €128,373 | €235,299 | €235,299 | = |
| Cash at bank and in hand54/58 | €16,022 | €72,870 | €69,199 | €4,717 | €41,584 | ▲ 782% |
| Deferred charges and accrued income490/1 | €168 | €0 | - | €45 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €205,609 | €201,242 | €197,572 | €240,061 | €276,883 | ▲ 15.3% |
| Equity10/15 | €2,799 | -€3,269 | -€9,886 | -€14,350 | -€23,286 | ▼ 62.3% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€7,201 | -€13,269 | -€19,886 | -€24,350 | -€33,286 | ▼ 36.7% |
| Amounts payable17/49 | €202,809 | €204,512 | €207,458 | €254,411 | €300,169 | ▲ 18.0% |
| Amounts payable within one year42/48 | €202,809 | €200,273 | €201,219 | €246,000 | €289,138 | ▲ 17.5% |
| Financial debts43 | €200,000 | €200,000 | €200,000 | €246,000 | €289,000 | ▲ 17.5% |
| Credit institutions430/8 | €200,000 | €200,000 | €200,000 | €246,000 | €289,000 | ▲ 17.5% |
| Trade debts44 | €2,809 | €273 | €1,219 | €0 | €138 | - |
| Suppliers440/4 | €2,809 | €273 | €1,219 | €0 | €138 | - |
| Accrued charges and deferred income492/3 | - | €4,238 | €6,238 | €8,411 | €11,031 | ▲ 31.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,201 | -€6,069 | -€6,617 | -€4,464 | -€8,936 | ▼ 100% |
| Operating cash flow (approximation) | -€7,201 | -€6,069 | -€6,617 | -€4,464 | -€8,936 | ▼ 100% |
| Change in cash | - | €56,848 | -€3,671 | -€64,482 | €36,867 | ▲ 157% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.