TEx Services
ActiveSummary
TEx Services has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76,843 and a net result of -€9,246. Equity is growing by ~9.2% per year across the filed fiscal years. Its solvency ranks better than 25% of 1095 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability30▼-10
Solvency42▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.37 in 2023; short-term debt: 9.4% and cash: 5.9% of total assets), and 83% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
17%
Return on assets
-2.1%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€9,246
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
on the day
2022
3 d early
2021
4 d early
2020
4 d early
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€9,246▲ 20.7%
2023 · -€11,660
Working capital
€13,612▼ 7.2%
2023 · €14,667
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
Line20202021202220232024
Operating result€12,647▲ 1.8%€26,802▲ 112%€8,914▼ 66.7%€1,443▼ 83.8%€3,396▲ 135%
Net result€12,595▲ 28.0%€23,673▲ 88.0%€3,568▼ 84.9%-€11,660-€9,246▲ 20.7%
Equity€70,507▲ 21.7%€94,180▲ 33.6%€97,748▲ 3.8%€86,089▼ 11.9%€76,843▼ 10.7%
Total assets€83,409▼ 3.0%€101,222▲ 21.4%€118,543▲ 17.1%€473,345▲ 299%€450,738▼ 4.8%
Debt€12,902▼ 54.0%€7,042▼ 45.4%€20,795▲ 195%€387,256▲ 1,762%€373,895▼ 3.5%
Working capital€58,520▲ 7.2%€86,102▲ 47.1%€75,909▼ 11.8%€14,667▼ 80.7%€13,612▼ 7.2%
Why a figure moved sharply
- 2023 Total assets +299% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 135% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €450,738
Fixed assets
€394,895 ▼ 5.8%
Current assets
€55,843 ▲ 3.0%
Equity and liabilities €450,738
Equity
€76,843 ▼ 10.7%
Debt
€373,895 ▼ 3.5%
Debt's share of the balance-sheet total rises from 81.8% to 83.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€20,226▲
2023 · €17,235
Cash flow
€7,584▲
2023 · €4,132
Current ratio
1.32▼
2023 · 1.37
Debt to equity
4.87▲
2023 · 4.50
ROE
-12.0%▲
2023 · -13.5%
ROA
-2.1%▲
2023 · -2.5%
Interest coverage
1.66▼
2023 · 2.98
Debt ≤ 1 year
€42,230▲
2023 · €39,554
Debt > 1 year
€331,665▼
2023 · €347,702
Income taxes
€450▼
2023 · €7,314
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,419 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
0.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.5% 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 497,058 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% | 1.6% |
| 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 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 1,419 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,081 | €3,909 | €8,615 | €15,792 | €16,830 | ▲ 6.6% |
| Other operating charges640/8 | - | €534 | €1,014 | €1,835 | €2,681 | ▲ 46.1% |
| Non-recurring operating charges66A | - | - | - | €60,450 | €4,683 | ▼ 92.3% |
| Gross operating margin9900 | €15,342 | €31,245 | €18,542 | €79,520 | €27,590 | ▼ 65.3% |
| Operating profit (loss)9901 | €12,647 | €26,802 | €8,914 | €1,443 | €3,396 | ▲ 135% |
| Financial income75/76B | - | €6 | €3 | €3 | €6 | ▲ 100% |
| Recurring financial income75 | - | €6 | €3 | €3 | €6 | ▲ 100% |
| Financial charges65/66B | - | €48 | €444 | €5,791 | €12,198 | ▲ 111% |
| Recurring financial charges65 | €52 | €48 | €444 | €5,791 | €12,198 | ▲ 111% |
| Profit (loss) for the period before taxes9903 | €12,595 | €26,760 | €8,472 | -€4,345 | -€8,796 | ▼ 102% |
| Income taxes67/77 | - | €3,087 | €4,904 | €7,314 | €450 | ▼ 93.9% |
| Profit (loss) for the period9904 | €12,595 | €23,673 | €3,568 | -€11,660 | -€9,246 | ▲ 20.7% |
| Profit (loss) for the period to be appropriated9905 | €12,595 | €23,673 | €3,568 | -€11,660 | -€9,246 | ▲ 20.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,409 | €101,222 | €118,543 | €473,345 | €450,738 | ▼ 4.8% |
| Fixed assets21/28 | €11,987 | €8,078 | €28,158 | €419,124 | €394,895 | ▼ 5.8% |
| Tangible fixed assets22/27 | €11,677 | €7,768 | €27,848 | €418,814 | €394,585 | ▼ 5.8% |
| Land and buildings22 | - | - | - | €392,284 | €382,085 | ▼ 2.6% |
| Plant, machinery and equipment23 | - | €2,103 | €1,775 | €1,446 | €1,118 | ▼ 22.7% |
| Furniture and vehicles24 | - | €5,666 | €26,073 | €25,084 | €11,382 | ▼ 54.6% |
| Financial fixed assets28 | €310 | €310 | €310 | €310 | €310 | = |
| Current assets29/58 | €71,422 | €93,143 | €90,385 | €54,221 | €55,843 | ▲ 3.0% |
| Amounts receivable within one year40/41 | €32,600 | €38,007 | €28,666 | €47,861 | €29,406 | ▼ 38.6% |
| Trade receivables40 | - | €34,315 | €24,507 | €42,329 | €23,494 | ▼ 44.5% |
| Other amounts receivable41 | - | €3,691 | €4,158 | €5,532 | €5,912 | ▲ 6.9% |
| Cash at bank and in hand54/58 | €38,822 | €55,137 | €61,720 | €6,360 | €26,437 | ▲ 316% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,409 | €101,222 | €118,543 | €473,345 | €450,738 | ▼ 4.8% |
| Equity10/15 | €70,507 | €94,180 | €97,748 | €86,089 | €76,843 | ▼ 10.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Share premium1100/10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €20,460 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €50,047 | €73,720 | €77,288 | €65,629 | €56,383 | ▼ 14.1% |
| Amounts payable17/49 | €12,902 | €7,042 | €20,795 | €387,256 | €373,895 | ▼ 3.5% |
| Amounts payable after more than one year17 | - | - | €6,319 | €347,702 | €331,665 | ▼ 4.6% |
| Financial debts170/4 | - | - | €6,319 | €347,702 | €331,665 | ▼ 4.6% |
| Amounts payable within one year42/48 | €12,902 | €7,042 | €14,476 | €39,554 | €42,230 | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | €4,984 | €8,250 | €12,890 | ▲ 56.2% |
| Trade debts44 | €2,276 | €3,111 | €2,383 | €8,053 | €8,351 | ▲ 3.7% |
| Suppliers440/4 | - | €3,111 | €2,383 | €8,053 | €8,351 | ▲ 3.7% |
| Taxes, remuneration and social security45 | - | €2,128 | €4,617 | €7,357 | €7,777 | ▲ 5.7% |
| Taxes450/3 | - | €2,128 | €4,617 | €7,357 | €7,777 | ▲ 5.7% |
| Other amounts payable47/48 | - | €1,803 | €2,492 | €15,894 | €13,212 | ▼ 16.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,595 | €23,673 | €3,568 | -€11,660 | -€9,246 | ▲ 20.7% |
| + Depreciation and write-downs630 | €2,081 | €3,909 | €8,615 | €15,792 | €16,830 | ▲ 6.6% |
| Operating cash flow (approximation) | €14,676 | €27,582 | €12,183 | €4,132 | €7,584 | ▲ 83.5% |
| Investment in fixed assets (approximation) | - | €0 | -€28,695 | -€406,758 | €7,398 | ▲ 102% |
| Change in cash | - | €16,315 | €6,583 | -€55,359 | €20,076 | ▲ 136% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€11,660
Net result drops to -€11,660, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €23,673 ▲88%
Operating result €26,802, net result €23,673, both a record.
31-12
Financial
Liquidity doublescurrent ratio 13.23
Current ratio from 5.54 to 13.23; short-term debt falls from €12,902 to €7,042.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €9,837
Net result €9,837 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Tournai · 1 establishment unit since 2014
Ground area
2,511 m²
Building footprint
184 m²
Volume, LiDAR
626 m³
2 parcels, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TEx Services
since 20142.227.230.757
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57056A0020/00F000 | Wallonia | 2,274 m² | 1 · 119 m² | 6.8 m · 2 fl. |
| 57081I1214/00_000 | Wallonia | 236 m² | 1 · 65 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,417 companies in sector 73300 we hold annual accounts for 6,899. 5,613 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
Founded17-02-2014
Fiscal year end31-12
Activities, NACEBEL 2025
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0546610440
Registered
14-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.