TIEGO
ActiveSummary
TIEGO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,812 and a net result of -€1,000. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 94% of 4583 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability66▼-7
Solvency100▲+25
Growth50▼-17
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.92 against 0.69 in 2024; short-term debt: 10.7% and cash: 18.1% of total assets), and 10.7% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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 · 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 2025Solvency, return and age of the figures
Solvency
89.3%
Return on assets
-1.9%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 21-10-2025, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
2 d early
2023
6 d early
2022
2 d early
2021
32 d early
2020
1 d early
2019
44 d early
← 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 14 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 25 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close29-09-2026 today31-10-2026 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€45,834▲ 3.9%
2022 · €44,128
EBIT margin
16.7%▲ 42.9pp
2022 · -26.3%
Net result
-€1,000
2024 · €3,383
Working capital
€5,145
2024 · -€14,571
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Turnover€44,128€45,834▲ 3.9%
Operating result-€9,390▲ 4.7%-€11,588▼ 23.4%€7,647€410▼ 94.6%-€948
Net result-€10,641below the sector's middle half-€11,360below the sector's middle half▼ 6.8%€15,114within the sector's middle half€3,383within the sector's middle half▼ 77.6%-€1,000below the sector's middle half
EBIT margin-26.3%16.7%▲ 42.9pp
Equity€40,675within the sector's middle half▼ 20.7%€29,315within the sector's middle half▼ 27.9%€44,430within the sector's middle half▲ 51.6%€47,812within the sector's middle half▲ 7.6%€46,812within the sector's middle half▼ 2.1%
Total assets€159,986within the sector's middle half▼ 6.2%€112,431within the sector's middle half▼ 29.7%€90,540within the sector's middle half▼ 19.5%€95,112within the sector's middle half▲ 5.0%€52,393below the sector's middle half▼ 44.9%
Debt€119,311▲ 0.1%€83,116▼ 30.3%€46,111▼ 44.5%€47,299▲ 2.6%€5,581▼ 88.2%
Working capital-€52,915below the sector's middle half▲ 25.5%-€27,506below the sector's middle half▲ 48.0%-€35,293below the sector's middle half▼ 28.3%-€14,571below the sector's middle half▲ 58.7%€5,145within the sector's middle half
Solvency25.4%within the sector's middle half▼ 4.7pp26.1%within the sector's middle half▲ 0.6pp49.1%within the sector's middle half▲ 23.0pp50.3%within the sector's middle half▲ 1.2pp89.3%above the sector's middle half▲ 39.1pp
Current ratio0.56below the sector's middle half▲ 0.150.67below the sector's middle half▲ 0.110.23below the sector's middle half▼ 0.430.69below the sector's middle half▲ 0.461.92within the sector's middle half▲ 1.23
Return on assets (ROA)-6.7%below the sector's middle half▼ 12.1pp-10.1%below the sector's middle half▼ 3.5pp16.7%above the sector's middle half▲ 26.8pp3.6%within the sector's middle half▼ 13.1pp-1.9%below the sector's middle half▼ 5.5pp
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €948 after €410 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,393
Fixed assets
€41,667 ▼ 33.2%
Current assets
€10,726 ▼ 67.2%
Equity and liabilities €52,393
Equity
€46,812 ▼ 2.1%
Debt
€5,581 ▼ 88.2%
Debt's share of the balance-sheet total falls from 49.7% to 10.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€19,769▼
2024 · €31,449
Cash flow
€19,716▼
2024 · €34,422
Debt to equity
0.12▼
2024 · 0.99
ROE
-2.1%▼
2024 · 7.1%
Interest coverage
375.69▼
2024 · 577.90
Debt ≤ 1 year
€5,581▼
2024 · €47,299
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,338 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% | 1.9% |
| 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 6,910 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | €44,128 | €45,834 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €18,704 | €16,018 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39,277 | €38,268 | €22,170 | €31,039 | €20,716 | ▼ 33.3% |
| Other operating charges640/8 | - | €245 | - | - | - | - |
| Gross operating margin9900 | €30,131 | €26,926 | €29,816 | €31,449 | €19,769 | ▼ 37.1% |
| Operating profit (loss)9901 | -€9,390 | -€11,588 | €7,647 | €410 | -€948 | ▼ 331% |
| Financial income75/76B | - | €434 | €7,570 | €3,027 | - | - |
| Recurring financial income75 | - | €21 | €7,570 | €27 | - | - |
| Non-recurring financial income76B | - | €413 | €7,570 | €3,000 | - | - |
| Financial charges65/66B | - | €46 | €103 | €54 | €53 | ▼ 3.3% |
| Recurring financial charges65 | €39 | €46 | €103 | €54 | €53 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | -€9,429 | -€11,199 | €15,114 | €3,383 | -€1,000 | ▼ 130% |
| Income taxes67/77 | €1,212 | €160 | - | - | - | - |
| Profit (loss) for the period9904 | -€10,641 | -€11,360 | €15,114 | €3,383 | -€1,000 | ▼ 130% |
| Profit (loss) for the period to be appropriated9905 | -€10,641 | -€11,360 | €15,114 | €3,383 | -€1,000 | ▼ 130% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €159,986 | €112,431 | €90,540 | €95,112 | €52,393 | ▼ 44.9% |
| Fixed assets21/28 | €93,590 | €56,822 | €79,722 | €62,383 | €41,667 | ▼ 33.2% |
| Tangible fixed assets22/27 | €93,590 | €56,822 | €79,722 | €62,383 | €41,667 | ▼ 33.2% |
| Plant, machinery and equipment23 | - | €56,822 | €79,722 | €62,383 | €41,667 | ▼ 33.2% |
| Current assets29/58 | €66,397 | €55,610 | €10,818 | €32,728 | €10,726 | ▼ 67.2% |
| Amounts receivable within one year40/41 | €57,150 | €50,982 | €8,357 | €25,661 | €1,224 | ▼ 95.2% |
| Trade receivables40 | - | €50,780 | - | €23,091 | - | - |
| Other amounts receivable41 | - | €201 | €8,357 | €2,571 | €1,224 | ▼ 52.4% |
| Cash at bank and in hand54/58 | €9,143 | €4,525 | €2,358 | €6,961 | €9,502 | ▲ 36.5% |
| Deferred charges and accrued income490/1 | - | €103 | €103 | €107 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €159,986 | €112,431 | €90,540 | €95,112 | €52,393 | ▼ 44.9% |
| Equity10/15 | €40,675 | €29,315 | €44,430 | €47,812 | €46,812 | ▼ 2.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €20,215 | €8,855 | €23,970 | €27,352 | €26,352 | ▼ 3.7% |
| Amounts payable17/49 | €119,311 | €83,116 | €46,111 | €47,299 | €5,581 | ▼ 88.2% |
| Amounts payable within one year42/48 | €119,311 | €83,116 | €46,111 | €47,299 | €5,581 | ▼ 88.2% |
| Trade debts44 | €1,779 | €1,440 | €331 | €1,578 | - | - |
| Suppliers440/4 | - | €1,440 | €331 | €1,578 | - | - |
| Taxes, remuneration and social security45 | - | €160 | €2,500 | €2,500 | - | - |
| Taxes450/3 | - | €160 | €0 | - | - | - |
| Remuneration and social security454/9 | - | - | €2,500 | €2,500 | - | - |
| Other amounts payable47/48 | - | €81,516 | €43,279 | €43,221 | €5,581 | ▼ 87.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,641 | -€11,360 | €15,114 | €3,383 | -€1,000 | ▼ 130% |
| + Depreciation and write-downs630 | €39,277 | €38,268 | €22,170 | €31,039 | €20,716 | ▼ 33.3% |
| Operating cash flow (approximation) | €28,635 | €26,908 | €37,284 | €34,422 | €19,716 | ▼ 42.7% |
| Investment in fixed assets (approximation) | - | -€1,500 | -€45,070 | -€13,700 | €0 | ▲ 100% |
| Change in cash | - | -€4,618 | -€2,167 | €4,603 | €2,541 | ▼ 44.8% |
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
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 1.92
Current ratio from 0.69 to 1.92; short-term debt falls from €47,299 to €5,581.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Back to profitnet €15,114
Net result €15,114 after 2 loss-making years.
2022
29-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Weakest financial yearnet -€11,360
Net result drops to -€11,360, the lowest in the series; recovery starts the following year.
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
31-03
Financial
Back to profitnet €9,305
Net result €9,305 after one loss-making year.
2019
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Seneffe · 1 establishment unit since 2007
Ground area
2,487 m²
Building footprint
311 m²
Parcel 52020B0184/00D000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Chemin des Ecaussinnes 1, 7181 Seneffe
since 20072.160.924.131
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52020B0184/00D000 | Wallonia | 2,487 m² | 1 · 311 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSeneffe2.160.924.131
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Of 21,227 companies in sector 81300 we hold annual accounts for 4,369. 3,593 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
Founded09-02-2007
Fiscal year end31-03
Activities, NACEBEL 2025
81300Landscape service activities
01110Growing of cereals (except rice), leguminous crops and oil seeds
01130Growing of vegetables, melons, roots and tubers
01191Growing of flowers
01500Mixed farming
43120Site preparation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887137452
Also
9925:BE0887137452
Registered
06-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.