Summary
TUNGSTENE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €57k and a net result of €43k. Its solvency ranks better than 10% of 8048 sector peers (fiscal year 2025). The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
Founded in 2025, under 3 years in business. Failure risk is statistically highest between 2 and 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-07-2026, 16 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€57k
Net result
€43k
Total assets
€1.80M
Solvency
3.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
Assets €1.80M
Fixed assets
€1.70M
Current assets
€103k
Equity and liabilities €1.80M
Equity
€57k
Debt
€1.75M
Debt finances 96.8% of the balance-sheet total.
Key figures and ratios
ROE
75.3%
ROA
2.4%
Debt ≤ 1 year
€71k
Debt > 1 year
€1.67M
Income taxes
€15k
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet
Code2025
Assets
Total assets20/58€1.80M
Fixed assets21/28€1.70M
Financial fixed assets28€1.70M
Current assets29/58€103k
Amounts receivable within one year40/41€1k
Other amounts receivable41€1k
Cash at bank and in hand54/58€102k
Equity and liabilities
Total equity and liabilities10/49€1.80M
Equity10/15€57k
Contributions10/11€15k
Reserves13€42k
Distributable reserves133€42k
Profit (loss) carried forward14€0
Amounts payable17/49€1.75M
Amounts payable after more than one year17€1.67M
Financial debts170/4€1.37M
Other amounts payable178/9€300k
Amounts payable within one year42/48€71k
Current portion of amounts payable after more than one year42€25k
Trade debts44€7k
Suppliers440/4€7k
Taxes, remuneration and social security45€35k
Taxes450/3€35k
Other amounts payable47/48€4k
Income statement
Code2025
Gross operating margin9900€70k
Operating profit (loss)9901€70k
Financial charges65/66B€12k
Recurring financial charges65€12k
Profit (loss) for the period before taxes9903€58k
Income taxes67/77€15k
Profit (loss) for the period9904€43k
Profit (loss) for the period to be appropriated9905€43k
Appropriation of the result
Profit (loss) to be appropriated9906€43k
Transfer to equity691/2€42k
To other reserves6921€42k
Profit to be distributed694/7€833
Return on contributions (dividend)694€833
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2025 |
|---|---|
| Gross operating margin9900 | €70k |
| Operating profit (loss)9901 | €70k |
| Financial charges65/66B | €12k |
| Recurring financial charges65 | €12k |
| Profit (loss) for the period before taxes9903 | €58k |
| Income taxes67/77 | €15k |
| Profit (loss) for the period9904 | €43k |
| Profit (loss) for the period to be appropriated9905 | €43k |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.80M | |
| Fixed assets21/28 | €1.70M | |
| Financial fixed assets28 | €1.70M | |
| Current assets29/58 | €103k | |
| Amounts receivable within one year40/41 | €1k | |
| Other amounts receivable41 | €1k | |
| Cash at bank and in hand54/58 | €102k | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.80M | |
| Equity10/15 | €57k | |
| Contributions10/11 | €15k | |
| Reserves13 | €42k | |
| Distributable reserves133 | €42k | |
| Profit (loss) carried forward14 | €0 | |
| Amounts payable17/49 | €1.75M | |
| Amounts payable after more than one year17 | €1.67M | |
| Financial debts170/4 | €1.37M | |
| Other amounts payable178/9 | €300k | |
| Amounts payable within one year42/48 | €71k | |
| Current portion of amounts payable after more than one year42 | €25k | |
| Trade debts44 | €7k | |
| Suppliers440/4 | €7k | |
| Taxes, remuneration and social security45 | €35k | |
| Taxes450/3 | €35k | |
| Other amounts payable47/48 | €4k | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €43k |
| Operating cash flow (approximation) | €43k |
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
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
NBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Anthisnes · 1 establishment unit since 2025
Ground area
1,093 m²
Building footprint
168 m²
Volume, LiDAR
888 m³
Parcel 61067B0114/00S000, Wallonia · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue Fecher 66, 4161 Anthisnes
since 20252.379.647.154
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61067B0114/00S000 | Wallonia | 1,093 m² | 2 · 168 m² | 7.4 m · 2 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.
Similar companies · same sector, comparable size
MVH Real Estate
BE 0771.642.522
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Tavis
BE 0667.526.185
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RECYNEX
BE 0631.970.836
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LDH MANAGEMENT
BE 1000.368.819
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Martijn Bauters
BE 1009.835.227
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 10,845 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
Founded22-09-2025
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.