Private limited company · founded 2010 · 15 yrs activeTroisdorflaan 6, 3600 Genk, BelgiumKBO/BCE: BE 0832.228.821
Summary
TeVa RE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.0m and a net result of -€130,733. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 35% of 9742 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2024
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability53▼-7
Solvency42▼-7
Growth49▼-15
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.3%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 1.76 against 0.63 in 2023; short-term debt: 7.1% and cash: 2.3% of total assets), but 83.5% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
○
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 23 December 2010, TeVa RE was incorporated.1DARUBO and DAVIS were merged into the company in 2026.2Of the 2 current board members, BYC has served longest, since 2026.3
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Net result€221,832above the sector's middle half▲ 53.3%€142,438above the sector's middle half▼ 35.8%€166,579above the sector's middle half▲ 16.9%€221,053above the sector's middle half▲ 32.7%-€130,733below the sector's middle half
Equity€3.3mabove the sector's middle half▲ 13.7%€3.5mabove the sector's middle half▲ 4.3%€3.6mabove the sector's middle half▲ 4.8%€4.1mabove the sector's middle half▲ 12.6%€4.0mabove the sector's middle half▼ 3.2%
Total assets€11.3mabove the sector's middle half▼ 0.6%€11.8mabove the sector's middle half▲ 4.6%€11.5mabove the sector's middle half▼ 3.3%€17.3mabove the sector's middle half▲ 50.8%€24.0mabove the sector's middle half▲ 38.9%
Working capital-€803,800below the sector's middle half▼ 100%-€639,785below the sector's middle half▲ 20.4%-€749,285below the sector's middle half▼ 17.1%-€1.5mbelow the sector's middle half▼ 101%€1.3mabove the sector's middle half
Solvency29.4%within the sector's middle half▲ 3.7pp29.3%within the sector's middle half▼ 0.1pp31.8%within the sector's middle half▲ 2.5pp23.7%within the sector's middle half▼ 8.0pp16.5%within the sector's middle half▼ 7.2pp
Current ratio0.24below the sector's middle half▼ 0.190.35below the sector's middle half▲ 0.100.20below the sector's middle half▼ 0.150.63within the sector's middle half▲ 0.431.76within the sector's middle half▲ 1.13
Return on assets (ROA)2.0%within the sector's middle half▲ 0.7pp1.2%within the sector's middle half▼ 0.8pp1.5%within the sector's middle half▲ 0.3pp1.3%within the sector's middle half▼ 0.2pp-0.5%within the sector's middle half▼ 1.8pp
Staff (FTE)0within the sector's middle half0within the sector's middle half
abovewithinbelowthe middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 74% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24.0m
87.4%
12.6%
Fixed assets€21.0m ▲ 42.7%
Current assets€3.0m ▲ 17.3%
Equity and liabilities €24.0m
16.5%
83.0%
Equity€4.0m ▼ 3.2%
Provisions€104,611 ▼ 4.3%
Debt€19.9m ▲ 52.5%
Debt's share of the balance-sheet total rises from 75.6% to 83.0%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€697,527▲
2023 · €652,081
Cash flow
€276,648▼
2023 · €706,794
Debt to equity
5.02▲
2023 · 3.18
ROE
-3.3%▼
2023 · 5.4%
Interest coverage
1.31▼
2023 · 2.44
Debt ≤ 1 year
€1.7m▼
2023 · €4.1m
Debt > 1 year
€18.0m▲
2023 · €8.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 121 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 95% are still going.
Medium-sized
10 to 20 years old
solvency 10 to 30%
a small loss
0%went bankrupt
5.0%stopped otherwise
95%still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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%.
The companies in ten equal groups, from lowest to highest expected share.
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 121 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
Filed annual accountsAs filed with the NBB · 2024 against 2023 · 64 lines
Balance sheetCode20232024
Assets
Total assets20/58€17.3m€24.0m▲
Fixed assets21/28€14.7m€21.0m▲
Tangible fixed assets22/27€9.8m€10.6m▲
Land and buildings22€9.2m€8.9m▼
Furniture and vehicles24€4,706€3,832▼
Assets under construction and advance payments27€546,648€1.7m▲
Financial fixed assets28€5.0m€10.4m▲
Current assets29/58€2.6m€3.0m▲
Amounts receivable after more than one year29€2.1m€2.1m=
Other amounts receivable291€2.1m€2.1m=
Amounts receivable within one year40/41€305,818€260,911▼
Trade receivables40€61,654€130,697▲
Other amounts receivable41€244,164€130,215▼
Cash at bank and in hand54/58€142,415€540,435▲
Deferred charges and accrued income490/1€43,985€134,769▲
Equity and liabilities
Total equity and liabilities10/49€17.3m€24.0m▲
Equity10/15€4.1m€4.0m▼
Contributions10/11€237,769€237,769=
Reserves13€3.9m€3.7m▼
Non-distributable reserves130/1€24,901€24,901=
Other1319€24,901€24,901=
Tax-exempt reserves132€338,317€324,100▼
Distributable reserves133€3.5m€3.4m▼
Investment grants15€10,780€10,780=
Provisions and deferred taxes16€109,350€104,611▼
Deferred taxes168€109,350€104,611▼
Amounts payable17/49€13.1m€19.9m▲
Amounts payable after more than one year17€8.8m€18.0m▲
Financial debts170/4€4.8m€14.5m▲
Other amounts payable178/9€4.0m€3.5m▼
Amounts payable within one year42/48€4.1m€1.7m▼
Current portion of amounts payable after more than one year42€574,167€1.0m▲
Financial debts43€2.8m€0▼
Credit institutions430/8€2.8m€0▼
Trade debts44€549,245€626,726▲
Suppliers440/4€549,245€626,726▲
Taxes, remuneration and social security45€24,147€24,147=
Taxes450/3€24,147€24,147=
Other amounts payable47/48€112,428€9,863▼
Accrued charges and deferred income492/3€225,064€173,131▼
Income statementCode20232024
Turnover70€1.1m€1.2m▲
Non-recurring operating income76A€488,535€0▼
Goods, raw materials, services and sundry goods60/61€493,001€520,138▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€485,741€407,381▼
Other operating charges640/8€127,372€129,566▲
Non-recurring operating charges66A€488,535€0▼
Gross operating margin9900€1.3m€827,093▼
Operating profit (loss)9901€166,341€290,146▲
Financial income75/76B€317,710€105,874▼
Recurring financial income75€317,710€105,874▼
Financial charges65/66B€267,736€531,492▲
Recurring financial charges65€267,736€531,492▲
Profit (loss) for the period before taxes9903€216,315-€135,472▼
Transfer from deferred taxes780€4,739€4,739=
Income taxes67/77€0-
Profit (loss) for the period9904€221,053-€130,733▼
Transfer from tax-exempt reserves789€14,216€14,216=
Profit (loss) for the period to be appropriated9905€235,270-€116,517▼
Appropriation of the result
Profit (loss) to be appropriated9906€448,989-€116,517▼
Profit (loss) brought forward from the previous period14P€213,719€0▼
Transfer from equity791/2-€116,517
Transfer to equity691/2€448,989€0▼
To other reserves6921€448,989€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2020
2021
2022
2023
2024
Change
Turnover70
€1.1m
€1.1m
€1.1m
€1.1m
€1.2m
▲ 7.0%
Non-recurring operating income76A
-
€60,554
-
€488,535
€0
▼ 100%
Goods, raw materials, services and sundry goods60/61
€252,163
€319,548
€318,304
€493,001
€520,138
▲ 5.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€444,275
€508,764
€480,675
€485,741
€407,381
▼ 16.1%
Other operating charges640/8
€89,213
€112,647
€113,720
€127,372
€129,566
▲ 1.7%
Non-recurring operating charges66A
-
€40,482
-
€488,535
€0
▼ 100%
Gross operating margin9900
€955,383
€987,583
€947,110
€1.3m
€827,093
▼ 34.8%
Operating profit (loss)9901
€421,895
€325,690
€352,715
€166,341
€290,146
▲ 74.4%
Financial income75/76B
€3,127
€1,176
€66
€317,710
€105,874
▼ 66.7%
Recurring financial income75
€3,127
€1,176
€66
€317,710
€105,874
▼ 66.7%
Financial charges65/66B
€138,723
€129,922
€131,251
€267,736
€531,492
▲ 98.5%
Recurring financial charges65
€138,723
€129,922
€131,251
€267,736
€531,492
▲ 98.5%
Profit (loss) for the period before taxes9903
€286,299
€196,945
€221,530
€216,315
-€135,472
▼ 163%
Transfer from deferred taxes780
€2,229
€4,762
€4,739
€4,739
€4,739
=
Income taxes67/77
€66,696
€59,269
€59,689
€0
-
-
Profit (loss) for the period9904
€221,832
€142,438
€166,579
€221,053
-€130,733
▼ 159%
Transfer from tax-exempt reserves789
€6,687
€14,286
€14,216
€14,216
€14,216
=
Profit (loss) for the period to be appropriated9905
€228,519
€156,723
€180,795
€235,270
-€116,517
▼ 150%
Line
2020
2021
2022
2023
2024
Change
Assets
Total assets20/58
€11.3m
€11.8m
€11.5m
€17.3m
€24.0m
▲ 38.9%
Fixed assets21/28
€11.1m
€11.5m
€11.3m
€14.7m
€21.0m
▲ 42.7%
Tangible fixed assets22/27
€9.3m
€9.7m
€9.5m
€9.8m
€10.6m
▲ 8.9%
Land and buildings22
€9.2m
€9.6m
€9.2m
€9.2m
€8.9m
▼ 3.2%
Plant, machinery and equipment23
€614
-
-
-
-
-
Furniture and vehicles24
€7,326
€6,453
€5,579
€4,706
€3,832
▼ 18.6%
Assets under construction and advance payments27
€72,485
€94,142
€269,693
€546,648
€1.7m
▲ 212%
Financial fixed assets28
€1.8m
€1.8m
€1.8m
€5.0m
€10.4m
▲ 109%
Current assets29/58
€259,222
€340,284
€187,503
€2.6m
€3.0m
▲ 17.3%
Amounts receivable after more than one year29
€31,750
-
-
€2.1m
€2.1m
=
Other amounts receivable291
€31,750
-
-
€2.1m
€2.1m
=
Amounts receivable within one year40/41
€99,610
€283,864
€90,250
€305,818
€260,911
▼ 14.7%
Trade receivables40
€90,570
€264,860
€69,755
€61,654
€130,697
▲ 112%
Other amounts receivable41
€9,040
€19,004
€20,495
€244,164
€130,215
▼ 46.7%
Cash at bank and in hand54/58
€99,831
€33,848
€75,237
€142,415
€540,435
▲ 279%
Deferred charges and accrued income490/1
€28,031
€22,572
€22,015
€43,985
€134,769
▲ 206%
Equity and liabilities
Total equity and liabilities10/49
€11.3m
€11.8m
€11.5m
€17.3m
€24.0m
▲ 38.9%
Equity10/15
€3.3m
€3.5m
€3.6m
€4.1m
€4.0m
▼ 3.2%
Contributions10/11
€222,631
€222,631
€222,631
€237,769
€237,769
=
Reserves13
€1.2m
€3.2m
€3.4m
€3.9m
€3.7m
▼ 3.4%
Non-distributable reserves130/1
€24,901
€24,901
€24,901
€24,901
€24,901
=
Other1319
€24,901
€24,901
€24,901
€24,901
€24,901
=
Tax-exempt reserves132
€381,035
€366,750
€352,533
€338,317
€324,100
▼ 4.2%
Distributable reserves133
€784,629
€2.9m
€3.0m
€3.5m
€3.4m
▼ 3.3%
Profit (loss) carried forward14
€1.9m
-
-
-
-
-
Investment grants15
€10,780
€10,780
€10,780
€10,780
€10,780
=
Provisions and deferred taxes16
€123,589
€118,827
€114,088
€109,350
€104,611
▼ 4.3%
Deferred taxes168
€123,589
€118,827
€114,088
€109,350
€104,611
▼ 4.3%
Amounts payable17/49
€7.9m
€8.3m
€7.7m
€13.1m
€19.9m
▲ 52.5%
Amounts payable after more than one year17
€6.8m
€7.2m
€6.7m
€8.8m
€18.0m
▲ 106%
Financial debts170/4
€4.0m
€3.8m
€3.3m
€4.8m
€14.5m
▲ 206%
Other amounts payable178/9
€2.8m
€3.5m
€3.4m
€4.0m
€3.5m
▼ 12.2%
Amounts payable within one year42/48
€1.1m
€980,068
€936,788
€4.1m
€1.7m
▼ 58.1%
Current portion of amounts payable after more than one year42
€920,024
€726,707
€512,585
€574,167
€1.0m
▲ 82.6%
Financial debts43
-
€14,815
€43,921
€2.8m
€0
▼ 100%
Credit institutions430/8
-
€14,815
€43,921
€2.8m
€0
▼ 100%
Trade debts44
€108,925
€155,943
€316,866
€549,245
€626,726
▲ 14.1%
Suppliers440/4
€108,925
€155,943
€316,866
€549,245
€626,726
▲ 14.1%
Taxes, remuneration and social security45
€17,254
€56,523
€63,416
€24,147
€24,147
=
Taxes450/3
€17,254
€56,523
€63,416
€24,147
€24,147
=
Other amounts payable47/48
€16,819
€26,080
-
€112,428
€9,863
▼ 91.2%
Accrued charges and deferred income492/3
€44,636
€49,186
€68,690
€225,064
€173,131
▼ 23.1%
Line
2020
2021
2022
2023
2024
Change
Profit (loss) for the period9904
€221,832
€142,438
€166,579
€221,053
-€130,733
▼ 159%
+ Depreciation and write-downs630
€444,275
€508,764
€480,675
€485,741
€407,381
▼ 16.1%
Operating cash flow (approximation)
€666,107
€651,202
€647,254
€706,794
€276,648
▼ 60.9%
Investment in fixed assets (approximation)
-
-€947,806
-€243,936
-€3.9m
-€6.7m
▼ 70.6%
Change in cash
-
-€65,983
€41,389
€67,178
€398,020
▲ 492%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Resignations: Biesmans Group, LITOMA and TROISDORF · Permanent representatives: BIESMANS Yves, EVENS Rudi and 3 others · Appointments: BYC (non-statutory director) and Plan-BL (non-statutory director)45 facts ▸
General meeting, 30-06-2026
General meeting, 30-06-2026
General meeting, 30-06-2026
Other statement, kennisname en bespreking fusievoorstel, bestuursorganen van betrokken vennootschappen
Merger, met fusie door overneming gelijkgestelde verrichting, eenparigheid van stemmen
Merger, met fusie door overneming gelijkgestelde verrichting, eenparigheid van stemmen
Accounting effect, 01-01-2026
Other statement, geen tussentijdse cijfers, artikel 12:51, §2, 4°, lid 6 WVV
Shareholding, artikel 12:57 WVV
Shareholding, artikel 12:57 WVV
Other statement, geen nieuwe aandelen uitgegeven naar aanleiding van inbreng, overnemende vennootschap houdster van alle aandelen
Share cancellation, bestuurders overnemende vennootschap, intrekking en vernietiging van aandelen
+33 further facts in this act
2025
23-06
NBB filingAnnual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
FinancialWeakest financial yearnet -€130,733
Net result drops to -€130,733, the lowest in the series.
31-12
FinancialLiquidity triplescurrent ratio 1.76
Current ratio from 0.63 to 1.76; short-term debt falls from €4.1m to €1.7m.
29-08
NBB filingAnnual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-06
NBB filingAnnual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filingAnnual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-07
NBB filingAnnual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
FinancialHighest result since 2018net €221,832 ▲53.3%
Operating result €421,895, net result €221,832, both a record.
03-07
NBB filingAnnual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-07
NBB filingAnnual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filingAnnual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filingAnnual accounts filed
fiscal year 2016 · abbreviated schema
2016
11-07
NBB filingAnnual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 19 acts read
About the unread acts
Of the 19 Belgian State Gazette acts we know for this company, 1 has been read. The other 18 have not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
2 directors, 2 in day-to-day management, last change in 2026
Managing director · since 16-07-2026 · Private limited company · perm. rep.: BIESMANS Filip Jo Paul
Current
Permanent representatives 2
PB
BIESMANS Filip Jo Paul
Permanent representative · since 16-07-2026 · for Plan-BL
Current
RB
BIESMANS Yves Jos René
Permanent representative · since 16-07-2026 · for BYC
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
18 of this company's 19 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Troisdorflaan 6, 3600 GenkConstruction of residential and non-residential buildings
since 20112.195.408.621
1 parcel
Flanders1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
71304E0735/00B015
Flanders
3.6 ha
1 · 1.5 ha
12.1 m · 3 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.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2024 annual accounts of TeVa RE and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
4 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 2,933 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPrivate limited company
Founded23-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68122Development of non-residential building projects
E-invoicing
Reachable via Peppol
Peppol ID0208:0832228821
Registered08-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.