TITEUX
ActiveSummary
TITEUX has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€8,345) and a net result of -€5,580. Equity is shrinking by ~47% per year across the filed fiscal years. Its solvency ranks better than 9% of 7524 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-68
Solvency8▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.83 against 0.93 in 2024; short-term debt: 116.5% and cash: 23% of total assets), and equity is negative.
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Signals
Six 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-16.5%
Return on assets
-11%
Age of the figures
15 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€8,345
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-01-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
13 d late
2022
on the day
2021
14 d late
2020
16 d late
2019
50 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 1 day before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€8,345▼ 202%
2024 · -€2,765
Total assets
€50,507▼ 10.2%
2024 · €56,220
Net result
-€5,580
2024 · €1,887
Working capital
-€9,981▼ 140%
2024 · -€4,157
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-€7,705-€2,144▲ 72.2%-€1,714▲ 20.1%€1,938-€5,532
Net result-€7,820-€2,185▲ 72.1%-€1,756▲ 19.6%€1,887-€5,580
Equity-€712-€2,897▼ 307%-€4,653▼ 60.6%-€2,765▲ 40.6%-€8,345▼ 202%
Total assets€65,334▼ 18.6%€63,708▼ 2.5%€59,818▼ 6.1%€56,220▼ 6.0%€50,507▼ 10.2%
Debt€66,046▼ 9.7%€66,605▲ 0.8%€64,471▼ 3.2%€58,986▼ 8.5%€58,852▼ 0.2%
Working capital-€13,292▼ 86.9%-€10,292▲ 22.6%-€8,326▲ 19.1%-€4,157▲ 50.1%-€9,981▼ 140%
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 €5,532 after €1,938 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €50,507
Fixed assets
€1,636 ▲ 17.6%
Current assets
€48,871 ▼ 10.9%
Key figures and ratios
EBITDA
-€4,447▼
2024 · €4,220
Cash flow
-€4,494▼
2024 · €4,169
Solvency
-16.5%▼
2024 · -4.9%
Current ratio
0.83▼
2024 · 0.93
Debt to equity
-7.05▲
2024 · -21.33
ROA
-11.0%▼
2024 · 3.4%
Interest coverage
-94.15▼
2024 · 82.75
Debt ≤ 1 year
€58,852▼
2024 · €58,986
Staff costs
€332▲
2024 · €106
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 6,640 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 | - | €44 | €48 | €106 | €332 | ▲ 214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,029 | €6,646 | €4,975 | €2,282 | €1,086 | ▼ 52.4% |
| Other operating charges640/8 | - | €643 | €538 | €466 | €585 | ▲ 25.4% |
| Gross operating margin9900 | -€1,370 | €5,189 | €3,847 | €4,793 | -€3,529 | ▼ 174% |
| Operating profit (loss)9901 | -€7,705 | -€2,144 | -€1,714 | €1,938 | -€5,532 | ▼ 385% |
| Financial income75/76B | - | €20 | - | - | - | - |
| Recurring financial income75 | €18 | €20 | - | - | - | - |
| Financial charges65/66B | - | €61 | €42 | €51 | €47 | ▼ 7.4% |
| Recurring financial charges65 | €133 | €61 | €42 | €51 | €47 | ▼ 7.4% |
| Profit (loss) for the period before taxes9903 | -€7,820 | -€2,185 | -€1,756 | €1,887 | -€5,580 | ▼ 396% |
| Profit (loss) for the period9904 | -€7,820 | -€2,185 | -€1,756 | €1,887 | -€5,580 | ▼ 396% |
| Profit (loss) for the period to be appropriated9905 | -€7,820 | -€2,185 | -€1,756 | €1,887 | -€5,580 | ▼ 396% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €65,334 | €63,708 | €59,818 | €56,220 | €50,507 | ▼ 10.2% |
| Fixed assets21/28 | €12,580 | €7,396 | €3,674 | €1,392 | €1,636 | ▲ 17.6% |
| Intangible fixed assets21 | - | - | - | - | €0 | - |
| Tangible fixed assets22/27 | €12,580 | €7,396 | €3,674 | €1,392 | €1,636 | ▲ 17.6% |
| Land and buildings22 | - | €2,569 | €1,284 | €0 | €0 | - |
| Plant, machinery and equipment23 | - | €1,879 | €2,233 | €1,335 | €1,636 | ▲ 22.6% |
| Furniture and vehicles24 | - | €2,948 | €156 | €57 | €0 | ▼ 100% |
| Current assets29/58 | €52,754 | €56,312 | €56,144 | €54,829 | €48,871 | ▼ 10.9% |
| Amounts receivable within one year40/41 | €4,315 | €3,751 | €9,578 | €4,626 | €35,171 | ▲ 660% |
| Trade receivables40 | - | €2,480 | €7,989 | €3,983 | €34,706 | ▲ 771% |
| Other amounts receivable41 | - | €1,271 | €1,589 | €643 | €465 | ▼ 27.7% |
| Cash at bank and in hand54/58 | €48,439 | €52,562 | €45,272 | €49,709 | €11,626 | ▼ 76.6% |
| Deferred charges and accrued income490/1 | - | - | €1,294 | €493 | €2,074 | ▲ 321% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €65,334 | €63,708 | €59,818 | €56,220 | €50,507 | ▼ 10.2% |
| Equity10/15 | -€712 | -€2,897 | -€4,653 | -€2,765 | -€8,345 | ▼ 202% |
| Contributions10/11 | - | €8,676 | €8,676 | €8,676 | €8,676 | = |
| Profit (loss) carried forward14 | -€9,388 | -€11,573 | -€13,329 | -€11,442 | -€17,021 | ▼ 48.8% |
| Amounts payable17/49 | €66,046 | €66,605 | €64,471 | €58,986 | €58,852 | ▼ 0.2% |
| Amounts payable within one year42/48 | €66,046 | €66,605 | €64,471 | €58,986 | €58,852 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Trade debts44 | €30,857 | €27,194 | €1,818 | €2,987 | €1,143 | ▼ 61.7% |
| Suppliers440/4 | - | €27,194 | €1,818 | €2,987 | €1,143 | ▼ 61.7% |
| Other amounts payable47/48 | - | €39,410 | €62,653 | €55,998 | €57,709 | ▲ 3.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,820 | -€2,185 | -€1,756 | €1,887 | -€5,580 | ▼ 396% |
| + Depreciation and write-downs630 | €6,029 | €6,646 | €4,975 | €2,282 | €1,086 | ▼ 52.4% |
| Operating cash flow (approximation) | -€1,791 | €4,461 | €3,219 | €4,169 | -€4,494 | ▼ 208% |
| Investment in fixed assets (approximation) | - | -€1,461 | -€1,253 | €0 | -€1,330 | - |
| Change in cash | - | €4,123 | -€7,290 | €4,438 | -€38,083 | ▼ 958% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €1,887
Net result €1,887 after 3 loss-making years.
13-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
2021
30-06
Financial
Weakest financial yearnet -€7,820
Net result drops to -€7,820, the lowest in the series; recovery starts the following year.
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2019
12-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
22-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
28-11
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Bertrix · 1 establishment unit since 2000
Ground area
894 m²
Building footprint
184 m²
Volume, LiDAR
1,112 m³
2 parcels, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Bonne-Fontaine 4, 6880 Bertrix
since 20002.094.021.746
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84009A0528/00E000 | Wallonia | 634 m² | 1 · 135 m² | 7.8 m · 2 fl. |
| 84009A1027/00P000 | Wallonia | 261 m² | 1 · 49 m² | 9.1 m · 2 fl. |
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 29,787 companies in sector 41001 we hold annual accounts for 16,042. 7,875 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 (pre-2019)
Founded24-07-2000
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0472472647
Registered
23-10-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.