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).
Overview
- Equity
- -€23,286
- Loss
- -€8,936
Why 53Capped at 59: negative equity- Negative equity -€23,286- Founded in 2020+ Size: total assets €276,883+ No main activity registeredShow the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Size: total assets €276,883 lowers the probability for this profile
- No main activity registered lowers the probability
- Negative equity -€23,286 raises the probability
- Founded in 2020 raises the probability for this profile
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, micro). Better than this share of them on solvency 12%, liquidity 12%, profitability 21%, growth against the median 8%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 5 accounts on average 4 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
- Annual accounts filedfiscal year 2025 · micro…
- Weakest financial yearnet -€8,936
- Annual accounts filedfiscal year 2024 · micro…
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.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 5 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31003D0079/00T000 | Flanders | 743 m² | 1 · 378 m² | 9.6 m · 2 fl. |