TesTec
ActiveSummary
TesTec has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €305,370 and a net result of -€66,980. Equity is shrinking by ~21.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 21% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability26▼-16
Solvency44▲+26
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.27 against 0.35 in 2024; short-term debt: 30.4% and cash: 0% of total assets), and 80.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
60 d late
2023
26 d late
2022
35 d early
2021
30 d late
2020
31 d late
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 27 August (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 company by total assets in Brasschaat, Construction sector
Equity
€305,370
2024 · -€61,312
Total assets
€1.6m▲ 83.2%
2024 · €862,428
Net result
-€66,980▼ 726%
2024 · -€8,110
Working capital
-€350,420▼ 25.8%
2024 · -€278,578
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€458▲ 98.0%-€69,570▼ 15,090%-€110,601▼ 59.0%€14,352-€32,067
Net result-€10,482below the sector's middle half▲ 73.0%-€82,559below the sector's middle half▼ 688%-€125,386below the sector's middle half▼ 51.9%-€8,110below the sector's middle half▲ 93.5%-€66,980below the sector's middle half▼ 726%
Equity€154,742within the sector's middle half▼ 6.3%€72,183below the sector's middle half▼ 53.4%-€53,202below the sector's middle half-€61,312below the sector's middle half▼ 15.2%€305,370above the sector's middle half
Total assets€752,050within the sector's middle half▲ 2.0%€495,960within the sector's middle half▼ 34.1%€205,025within the sector's middle half▼ 58.7%€862,428above the sector's middle half▲ 321%€1.6mabove the sector's middle half▲ 83.2%
Debt€597,309▲ 4.4%€423,777▼ 29.1%€258,228▼ 39.1%€923,740▲ 258%€1.3m▲ 38.0%
Working capital€135,868within the sector's middle half▼ 62.1%€207,086within the sector's middle half▲ 52.4%€12,829within the sector's middle half▼ 93.8%-€278,578below the sector's middle half-€350,420below the sector's middle half▼ 25.8%
Solvency20.6%below the sector's middle half▼ 1.8pp14.6%below the sector's middle half▼ 6.0pp-25.9%below the sector's middle half▼ 40.5pp-7.1%below the sector's middle half▲ 18.8pp19.3%below the sector's middle half▲ 26.4pp
Current ratio1.39within the sector's middle half▼ 1.342.40within the sector's middle half▲ 1.011.17within the sector's middle half▼ 1.240.35below the sector's middle half▼ 0.820.27below the sector's middle half▼ 0.08
Return on assets (ROA)-1.4%below the sector's middle half▲ 3.9pp-16.6%below the sector's middle half▼ 15.3pp-61.2%below the sector's middle half▼ 44.5pp-0.9%below the sector's middle half▲ 60.2pp-4.2%below the sector's middle half▼ 3.3pp
Staff (FTE)8.4within the sector's middle half▼ 16.8%5.3within the sector's middle half▼ 36.9%32.7▼ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €32,067 after €14,352 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.4m ▲ 103%
Current assets
€130,650 ▼ 12.5%
Equity and liabilities €1.6m
Equity
€305,370
Debt
€1.3m
Debt finances 80.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€51,600▼
2024 · €64,593
Cash flow
€16,687▼
2024 · €42,132
Debt to equity
4.17▲
2024 · -15.07
ROE
-21.9%
Interest coverage
1.46▼
2024 · 2.88
Debt ≤ 1 year
€481,070▲
2024 · €427,845
Debt > 1 year
€793,621▲
2024 · €495,896
Income taxes
€141▲
2024 · €128
Staff costs
€43,217▼
2024 · €47,035
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 2,448 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €209,053 | €111,256 | €7,784 | €47,035 | €43,217 | ▼ 8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €54,183 | €45,307 | €36,155 | €50,242 | €83,667 | ▲ 66.5% |
| Other operating charges640/8 | €8,526 | €12,275 | €18,540 | €1,715 | €6,617 | ▲ 286% |
| Non-recurring operating charges66A | - | - | €2,549 | €0 | - | - |
| Gross operating margin9900 | €271,305 | €99,268 | -€45,573 | €113,343 | €101,434 | ▼ 10.5% |
| Operating profit (loss)9901 | -€458 | -€69,570 | -€110,601 | €14,352 | -€32,067 | ▼ 323% |
| Financial income75/76B | €653 | €35 | €33 | €75 | €517 | ▲ 587% |
| Recurring financial income75 | €653 | €35 | €33 | €75 | €517 | ▲ 587% |
| Financial charges65/66B | €10,561 | €13,005 | €14,571 | €22,409 | €35,289 | ▲ 57.5% |
| Recurring financial charges65 | €10,561 | €13,005 | €14,571 | €22,409 | €35,289 | ▲ 57.5% |
| Profit (loss) for the period before taxes9903 | -€10,365 | -€82,540 | -€125,139 | -€7,982 | -€66,839 | ▼ 737% |
| Income taxes67/77 | €117 | €19 | €246 | €128 | €141 | ▲ 10.1% |
| Profit (loss) for the period9904 | -€10,482 | -€82,559 | -€125,386 | -€8,110 | -€66,980 | ▼ 726% |
| Profit (loss) for the period to be appropriated9905 | -€10,482 | -€82,559 | -€125,386 | -€8,110 | -€66,980 | ▼ 726% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €752,050 | €495,960 | €205,025 | €862,428 | €1.6m | ▲ 83.2% |
| Fixed assets21/28 | €271,755 | €141,463 | €115,328 | €713,161 | €1.4m | ▲ 103% |
| Tangible fixed assets22/27 | €247,548 | €141,463 | €115,328 | €713,161 | €1.4m | ▲ 103% |
| Land and buildings22 | €35,040 | €12,960 | €0 | €507,585 | €924,222 | ▲ 82.1% |
| Plant, machinery and equipment23 | €15,883 | €92,686 | €90,394 | €96,183 | €77,223 | ▼ 19.7% |
| Furniture and vehicles24 | €187,156 | €35,816 | €24,934 | €64,952 | €112,334 | ▲ 72.9% |
| Leasing and similar rights25 | €9,469 | - | - | - | - | - |
| Assets under construction and advance payments27 | - | - | - | €44,441 | €332,632 | ▲ 648% |
| Financial fixed assets28 | €24,207 | - | - | - | €3,000 | - |
| Current assets29/58 | €480,295 | €354,498 | €89,697 | €149,267 | €130,650 | ▼ 12.5% |
| Amounts receivable within one year40/41 | €475,303 | €283,458 | €78,799 | €126,602 | €128,760 | ▲ 1.7% |
| Trade receivables40 | €417,194 | €283,458 | €78,799 | €126,368 | €118,316 | ▼ 6.4% |
| Other amounts receivable41 | €58,109 | - | - | €234 | €10,444 | ▲ 4,363% |
| Cash at bank and in hand54/58 | €1,495 | €69,363 | €10,502 | €22,665 | €311 | ▼ 98.6% |
| Deferred charges and accrued income490/1 | €3,497 | €1,676 | €396 | €0 | €1,579 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €752,050 | €495,960 | €205,025 | €862,428 | €1.6m | ▲ 83.2% |
| Equity10/15 | €154,742 | €72,183 | -€53,202 | -€61,312 | €305,370 | ▲ 598% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | - | - | - | €433,662 | - |
| Reserves13 | €212,860 | €212,860 | €212,860 | €212,860 | €212,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Other1319 | - | - | €0 | - | - | - |
| Distributable reserves133 | €211,000 | €211,000 | €212,860 | €212,860 | €212,860 | = |
| Profit (loss) carried forward14 | -€76,718 | -€159,277 | -€284,662 | -€292,772 | -€359,752 | ▼ 22.9% |
| Amounts payable17/49 | €597,309 | €423,777 | €258,228 | €923,740 | €1.3m | ▲ 38.0% |
| Amounts payable after more than one year17 | €252,881 | €276,365 | €181,360 | €495,896 | €793,621 | ▲ 60.0% |
| Financial debts170/4 | €252,881 | €276,365 | €181,360 | €493,096 | €790,221 | ▲ 60.3% |
| Other amounts payable178/9 | - | - | - | €2,800 | €3,400 | ▲ 21.4% |
| Amounts payable within one year42/48 | €344,428 | €147,412 | €76,868 | €427,845 | €481,070 | ▲ 12.4% |
| Current portion of amounts payable after more than one year42 | €122,074 | €30,090 | €17,287 | €50,699 | €70,160 | ▲ 38.4% |
| Financial debts43 | - | - | - | - | €119,275 | - |
| Credit institutions430/8 | - | - | - | - | €119,275 | - |
| Trade debts44 | €154,289 | €55,501 | €8,869 | €69,261 | €6,610 | ▼ 90.5% |
| Suppliers440/4 | €154,289 | €55,501 | €8,869 | €69,261 | €6,610 | ▼ 90.5% |
| Taxes, remuneration and social security45 | €19,401 | €12,891 | €17,973 | €17,706 | €5,010 | ▼ 71.7% |
| Taxes450/3 | €117 | €1,808 | €17,761 | €11,782 | €305 | ▼ 97.4% |
| Remuneration and social security454/9 | €19,284 | €11,083 | €212 | €5,924 | €4,705 | ▼ 20.6% |
| Other amounts payable47/48 | €48,664 | €48,930 | €32,740 | €290,178 | €280,016 | ▼ 3.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,482 | -€82,559 | -€125,386 | -€8,110 | -€66,980 | ▼ 726% |
| + Depreciation and write-downs630 | €54,183 | €45,307 | €36,155 | €50,242 | €83,667 | ▲ 66.5% |
| Operating cash flow (approximation) | €43,701 | -€37,251 | -€89,230 | €42,132 | €16,687 | ▼ 60.4% |
| Investment in fixed assets (approximation) | - | €84,985 | -€10,021 | -€648,074 | -€819,917 | ▼ 26.5% |
| Change in cash | - | €67,868 | -€58,861 | €12,163 | -€22,354 | ▼ 284% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
31-12
Financial
Equity above €200,000Eq €305,370
Equity rises from -€61,312 to €305,370.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet -€125,386
Net result drops to -€125,386, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 61 days late
2019
31-12
Financial
Equity above €200,000Eq €204,029 ▲4.2%
2 profitable years in a row build equity to €204,029.
06-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brasschaat · 1 establishment unit since 2001
Ground area
1,939 m²
Building footprint
248 m²
Volume, LiDAR
1,571 m³
Parcel 11323F0220/00F000, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
FRANSEN LUC BVBA
since 20012.101.214.988
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0220/00F000 | Flanders | 1,939 m² | 1 · 248 m² | 12.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 8,464 companies in sector 43120 we hold annual accounts for 3,233. 2,436 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-11-2000
Fiscal year end31-12
Trade name NL
Fransen Luc
Activities, NACEBEL 2025
43120Site preparation
49410Freight transport by road
43110Demolition
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473267750
Also
9925:BE0473267750
Registered
28-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.