TEUVAN
ActiveSummary
TEUVAN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.47M and a net result of €-70k. Equity is growing by ~7.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability39▲+11
Solvency75▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150k at 30 days acceptable
Liquidity ample (current ratio 2.81 against 1.86 in 2024; short-term debt: 11.8% and cash: 3.4% of total assets), and 49.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.4%
Return on assets
-1.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
70 d late
2023
28 d late
2022
31 d late
2021
67 d late
2020
32 d late
2019
125 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, abbreviated schema
Equity
€2.47M▼ 2.8%
2024 · €2.54M
Total assets
€4.91M▼ 19.7%
2024 · €6.12M
Net result
€-70k▼ 78.7%
2024 · €-39k
Working capital
€1.05M▼ 3.9%
2024 · €1.10M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€972k▲ 55.1%€-84k€168k€-36k€33k
Net result€336k▼ 24.7%€-100k€81k€-39k€-70k▼ 78.7%
Equity€2.77M▲ 33.7%€2.67M▼ 3.6%€2.58M▼ 3.2%€2.54M▼ 1.5%€2.47M▼ 2.8%
Total assets€6.60M▲ 10.6%€6.25M▼ 5.3%€6.36M▲ 1.7%€6.12M▼ 3.8%€4.91M▼ 19.7%
Debt€3.19M▼ 5.3%€2.97M▼ 7.1%€3.18M▲ 7.2%€3.00M▼ 5.6%€2.12M▼ 29.4%
Working capital€2.16M▲ 40.8%€1.42M▼ 34.4%€1.25M▼ 11.8%€1.10M▼ 12.6%€1.05M▼ 3.9%
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 returns to profit in 2025: €33k after a loss of €36k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.91M
Fixed assets
€3.28M ▼ 12.7%
Current assets
€1.64M ▼ 30.8%
Equity and liabilities €4.91M
Equity
€2.47M ▼ 2.8%
Provisions
€317k ▼ 44.3%
Debt
€2.12M ▼ 29.4%
Debt's share of the balance-sheet total falls from 49.1% to 43.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€170k▲
2024 · €109k
Cash flow
€66k▼
2024 · €106k
Current ratio
2.81▲
2024 · 1.86
Debt to equity
0.86▼
2024 · 1.18
ROE
-2.8%▼
2024 · -1.6%
ROA
-1.4%▼
2024 · -0.6%
Interest coverage
2.60▲
2024 · 1.18
Debt ≤ 1 year
€582k▼
2024 · €1.27M
Debt > 1 year
€1.54M▼
2024 · €1.74M
Income taxes
€321k▲
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €958k | - | €188k | €45k | €108k | ▲ 140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €113k | €135k | €143k | €145k | €137k | ▼ 5.8% |
| Other operating charges640/8 | €30k | €30k | €23k | €42k | €24k | ▼ 42.3% |
| Gross operating margin9900 | €1.11M | €82k | €334k | €151k | €194k | ▲ 28.6% |
| Operating profit (loss)9901 | €972k | €-84k | €168k | €-36k | €33k | ▲ 194% |
| Financial income75/76B | €41k | €55k | €59k | €76k | €31k | ▼ 59.5% |
| Recurring financial income75 | €41k | €55k | €59k | €76k | €31k | ▼ 59.5% |
| Financial charges65/66B | €89k | €82k | €100k | €93k | €65k | ▼ 29.7% |
| Recurring financial charges65 | €89k | €82k | €100k | €93k | €65k | ▼ 29.7% |
| Profit (loss) for the period before taxes9903 | €924k | €-110k | €127k | €-53k | €-1k | ▲ 97.7% |
| Transfer from deferred taxes780 | €242k | €23k | €25k | €25k | €252k | ▲ 908% |
| Transfer to deferred taxes680 | €718k | - | - | - | - | - |
| Income taxes67/77 | €112k | €14k | €71k | €11k | €321k | ▲ 2,735% |
| Profit (loss) for the period9904 | €336k | €-100k | €81k | €-39k | €-70k | ▼ 78.7% |
| Transfer from tax-exempt reserves789 | €124k | €56k | €61k | €61k | €724k | ▲ 1,086% |
| Transfer to tax-exempt reserves689 | €239k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €221k | €-44k | €142k | €22k | €654k | ▲ 2,922% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.60M | €6.25M | €6.36M | €6.12M | €4.91M | ▼ 19.7% |
| Fixed assets21/28 | €3.55M | €3.99M | €3.86M | €3.75M | €3.28M | ▼ 12.7% |
| Tangible fixed assets22/27 | €2.80M | €3.99M | €3.86M | €3.75M | €3.28M | ▼ 12.7% |
| Land and buildings22 | €2.80M | €3.98M | €3.86M | €3.75M | €3.27M | ▼ 12.9% |
| Plant, machinery and equipment23 | - | - | - | - | €8k | - |
| Furniture and vehicles24 | €807 | €557 | €308 | €59 | - | - |
| Financial fixed assets28 | €750k | - | - | - | - | - |
| Current assets29/58 | €3.05M | €2.27M | €2.50M | €2.36M | €1.64M | ▼ 30.8% |
| Amounts receivable after more than one year29 | €607k | €724k | €375k | €443k | €453k | ▲ 2.2% |
| Other amounts receivable291 | €607k | €724k | €375k | €443k | €453k | ▲ 2.2% |
| Stocks and contracts in progress3 | €2k | €2k | - | - | - | - |
| Stocks30/36 | €2k | €2k | - | - | - | - |
| Amounts receivable within one year40/41 | €915k | €770k | €1.22M | €597k | €417k | ▼ 30.1% |
| Trade receivables40 | €5k | - | - | - | - | - |
| Other amounts receivable41 | €910k | €770k | €1.22M | €597k | €417k | ▼ 30.1% |
| Current investments50/53 | €599k | €599k | €599k | €599k | €599k | = |
| Cash at bank and in hand54/58 | €922k | €160k | €305k | €723k | €165k | ▼ 77.2% |
| Deferred charges and accrued income490/1 | €7k | €11k | €7k | €1k | €1k | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.60M | €6.25M | €6.36M | €6.12M | €4.91M | ▼ 19.7% |
| Equity10/15 | €2.77M | €2.67M | €2.58M | €2.54M | €2.47M | ▼ 2.8% |
| Contributions10/11 | €214k | €214k | €214k | €214k | €214k | = |
| Capital10 | €214k | €214k | €214k | €214k | €214k | = |
| Issued capital100 | €214k | €214k | €214k | €214k | €214k | = |
| Reserves13 | €2.55M | €2.50M | €2.41M | €2.37M | €2.26M | ▼ 4.8% |
| Non-distributable reserves130/1 | €245k | €245k | €245k | €245k | €245k | = |
| Legal reserve130 | €36k | €36k | €36k | €36k | €36k | = |
| Own shares acquired1312 | €209k | €209k | €209k | €209k | €209k | = |
| Tax-exempt reserves132 | €1.67M | €1.61M | €1.55M | €1.49M | €767k | ▼ 48.6% |
| Distributable reserves133 | €639k | €639k | €616k | €638k | €1.25M | ▲ 95.6% |
| Profit (loss) carried forward14 | - | €-44k | €-44k | €-44k | - | - |
| Provisions and deferred taxes16 | €642k | €619k | €594k | €569k | €317k | ▼ 44.3% |
| Deferred taxes168 | €642k | €619k | €594k | €569k | €317k | ▼ 44.3% |
| Amounts payable17/49 | €3.19M | €2.97M | €3.18M | €3.00M | €2.12M | ▼ 29.4% |
| Amounts payable after more than one year17 | €2.30M | €2.12M | €1.93M | €1.74M | €1.54M | ▼ 11.5% |
| Financial debts170/4 | €2.30M | €2.12M | €1.93M | €1.74M | €1.54M | ▼ 11.5% |
| Amounts payable within one year42/48 | €889k | €845k | €1.25M | €1.27M | €582k | ▼ 54.1% |
| Current portion of amounts payable after more than one year42 | €177k | €183k | €188k | €194k | €200k | ▲ 3.1% |
| Financial debts43 | €500k | €500k | €950k | €950k | - | - |
| Credit institutions430/8 | €500k | €500k | €950k | €950k | - | - |
| Trade debts44 | €63k | €45k | €41k | €43k | €44k | ▲ 2.5% |
| Suppliers440/4 | €63k | €45k | €41k | €43k | €44k | ▲ 2.5% |
| Taxes, remuneration and social security45 | €143k | €111k | €64k | €75k | €333k | ▲ 342% |
| Taxes450/3 | €143k | €111k | €64k | €75k | €333k | ▲ 342% |
| Other amounts payable47/48 | €6k | €7k | €6k | €6k | €6k | = |
| Accrued charges and deferred income492/3 | €4k | €2k | €2k | - | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €336k | €-100k | €81k | €-39k | €-70k | ▼ 78.7% |
| + Depreciation and write-downs630 | €113k | €135k | €143k | €145k | €137k | ▼ 5.8% |
| Operating cash flow (approximation) | €449k | €35k | €224k | €106k | €66k | ▼ 37.4% |
| Investment in fixed assets (approximation) | - | €-571k | €-13k | €-42k | €341k | ▲ 905% |
| Change in cash | - | €-763k | €146k | €417k | €-558k | ▼ 234% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €81k
Net result €81k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
06-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 32 days late
2020
31-12
Financial
Highest result since 2018net €446k ▲263%
Net result €446k, the highest in the series.
31-12
Financial
Equity above €2MEq €2.07M ▲27.5%
2 profitable years in a row build equity to €2.07M.
03-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 125 days late
2019
31-12
Financial
Back to profitnet €123k
Net result €123k after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Hasselt · 1 establishment unit since 1990
Ground area
4,779 m²
Building footprint
1,394 m²
Volume, LiDAR
6,177 m³
Parcel 73040B0315/00L000, Flanders · tallest building 6.7 m, ±1 floor. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
TEUVAN
since 19902.046.520.450
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73040B0315/00L000 | Flanders | 4,779 m² | 1 · 1,394 m² | 6.7 m · 1 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.
Identification & contact
Identification
Legal formPublic limited company
Founded20-12-1989
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. (Her)Benoemingen. Divers. (AOPC-1-9-05188/15.05)