X - TENSION
ActiveX - TENSION has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-22k) and a net result of €-8k. Equity is shrinking by ~52.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 11282 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
26
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.48 against 0.59 in 2024; short-term debt: 196.5% and cash: 1.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven 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 2025Solvency, return and age of the figures
Solvency
-96.5%
Return on assets
-36.9%
Age of the figures
9 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-22k
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
28 d late
2023
1 d early
2022
31 d late
2021
201 d late
2020
89 d late
2019
381 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-22k▼ 61.9%
2024 · €-13k
2018: €7k
2019: €8k
2020: €8k
2021: €-3k
2022: €-8k
2023: €-8k
2024: €-13k
2018 → 2025
Total assets
€23k=
2024 · €23k
2018: €96k
2019: €89k
2020: €58k
2021: €54k
2022: €46k
2023: €21k
2024: €23k
2018 → 2025
Net result
€-8k▼ 64.5%
2024 · €-5k
2018: €2k
2019: €304
2020: €845
2021: €-12k
2022: €-4k
2023: €-475
2024: €-5k
2018 → 2025
Working capital
€-23k▼ 54.9%
2024 · €-15k
2018: €33k
2019: €28k
2020: €21k
2021: €-8k
2022: €-6k
2023: €-9k
2024: €-15k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-3k-€-8k▼ 127%€-8k▼ 6.0%€-13k▼ 60.3%€-22k▼ 61.9%
Operating result€-12k-€-2k▲ 81.2%€2k€-5k€-8k▼ 71.3%
Net result€-12k-€-4k▲ 62.7%€-475▲ 89.3%€-5k▼ 964%€-8k▼ 64.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €8k in 2025 against €5k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23k
Fixed assets
€1k▼ 16.8%
Current assets
€21k▲ 1.0%
Key figures and ratios
EBITDA
€-8k▼
2024 · €-5k
Cash flow
€-8k▼
2024 · €-5k
Solvency
-96.5%▼
2024 · -59.6%
Current ratio
0.48▼
2024 · 0.59
Quick ratio
0.03▼
2024 · 0.03
Debt / equity
-2.04▲
2024 · -2.68
ROA
-36.9%▼
2024 · -22.4%
Interest coverage
-57.39▼
2024 · -8.68
Debt
€44k▲
2024 · €36k
Debt ≤ 1 year
€44k▲
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€23k€23k=
Fixed assets21/28€1k€1k▼
Tangible fixed assets22/27€469€250▼
Plant, machinery and equipment23€469€250▼
Financial fixed assets28€831€831=
Current assets29/58€21k€21k▲
Stocks and contracts in progress3€20k€20k=
Stocks30/36€20k€20k=
Amounts receivable within one year40/41€289€602▲
Other amounts receivable41€289€602▲
Cash at bank and in hand54/58€948€297▼
Deferred charges and accrued income490/1-€560
Equity and liabilities
Total equity and liabilities10/49€23k€23k=
Equity10/15€-13k€-22k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-34k€-42k▼
Amounts payable17/49€36k€44k▲
Amounts payable within one year42/48€36k€44k▲
Trade debts44€16k€18k▲
Suppliers440/4€16k€18k▲
Taxes, remuneration and social security45€1k€1k=
Taxes450/3€1k€1k=
Other amounts payable47/48€18k€25k▲
Income statement
Code20242025
Non-recurring operating income76A€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€188€219▲
Other operating charges640/8€816€224▼
Gross operating margin9900€-4k€-8k▼
Operating profit (loss)9901€-5k€-8k▼
Financial income75/76B€247-
Recurring financial income75€247-
Financial charges65/66B€528€139▼
Recurring financial charges65€528€139▼
Profit (loss) for the period before taxes9903€-5k€-8k▼
Profit (loss) for the period9904€-5k€-8k▼
Profit (loss) for the period to be appropriated9905€-5k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-34k€-42k▼
Profit (loss) brought forward from the previous period14P€-29k€-34k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
17-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 201 days late
2021
31-12
Financial
Weakest financial yearnet €-12k ▼1503%
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
16-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 381 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 393 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 758 days late
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 287 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ninove · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Paellepelstraat(Ned) 539400 NinoveGround area
3,401 m²
Building footprint
510 m²
Volume, LiDAR
2,427 m³
Parcel 41044B0909/00G000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Paellepelstraat(Ned) 53, 9400 Ninove
since 20012.065.544.427
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41044B0909/00G000 | Flanders | 3,401 m² | 1 · 510 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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EURONET
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Ranst · Eq €8k
J.V.D.H.
BE 0459.891.945
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Tangway Graphic Machinery
BE 0422.389.765
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Of 828 companies in sector 46620 we hold annual accounts for 642. 89 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded26-01-1994
Fiscal year end31-12
Activities, NACEBEL
46620Wholesale of machine tools
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.