TeVa RE
ActiveSummary
TeVa RE has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.97M and a net result of €-131k. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 35% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability53▼-7
Solvency42▼-7
Growth49▼-15
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 1.76 against 0.63 in 2023; short-term debt: 7.1% and cash: 2.3% of total assets), but 83.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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 2024Solvency, return and age of the figures
Solvency
16.5%
Return on assets
-0.5%
Age of the figures
21 mo
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
29 d late
2022
31 d early
2021
31 d early
2020
27 d early
2019
28 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
€1.17M▲ 7.0%
2023 · €1.09M
2018: €1.02M
2019: €904k
2021: €1.07M
2022: €1.06M
2023: €1.09M
2018 → 2024
EBIT margin
24.9%▲ 9.6pp
2023 · 15.2%
2018: 40.2%
2019: 34.9%
2021: 30.5%
2022: 33.2%
2023: 15.2%
2018 → 2024
Net result
€-131k
2023 · €221k
2018: €122k
2019: €145k
2021: €142k
2022: €167k
2023: €221k
2018 → 2024
Working capital
€1.31M
2023 · €-1.51M
2018: €-1.11M
2019: €-401k
2021: €-640k
2022: €-749k
2023: €-1.51M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192021202220232024Trend
Turnover€904k-€1.07M▲ 18.1%€1.06M▼ 0.5%€1.09M▲ 2.6%€1.17M▲ 7.0%
Equity€2.93M-€3.48M▲ 18.6%€3.64M▲ 4.8%€4.10M▲ 12.6%€3.97M▼ 3.2%
Operating result€316k-€326k▲ 3.1%€353k▲ 8.3%€166k▼ 52.8%€290k▲ 74.4%
Net result€145k-€142k▼ 1.6%€167k▲ 16.9%€221k▲ 32.7%€-131k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 74% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24.01M
Fixed assets
€20.99M ▲ 42.7%
Current assets
€3.02M ▲ 17.3%
Equity and liabilities €24.01M
Equity
€3.97M ▼ 3.2%
Provisions
€105k ▼ 4.3%
Debt
€19.93M ▲ 52.5%
Debt's share of the balance-sheet total rises from 75.6% to 83.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€698k▲
2023 · €652k
Cash flow
€277k▼
2023 · €707k
Current ratio
1.76▲
2023 · 0.63
Debt to equity
5.02▲
2023 · 3.18
ROE
-3.3%▼
2023 · 5.4%
ROA
-0.5%▼
2023 · 1.3%
Interest coverage
1.31▼
2023 · 2.44
Debt ≤ 1 year
€1.71M▼
2023 · €4.08M
Debt > 1 year
€18.05M▲
2023 · €8.76M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 64 lines
Balance sheet
Code20232024
Assets
Total assets20/58€17.28M€24.01M▲
Fixed assets21/28€14.71M€20.99M▲
Tangible fixed assets22/27€9.75M€10.62M▲
Land and buildings22€9.20M€8.91M▼
Furniture and vehicles24€5k€4k▼
Assets under construction and advance payments27€547k€1.71M▲
Financial fixed assets28€4.95M€10.37M▲
Current assets29/58€2.57M€3.02M▲
Amounts receivable after more than one year29€2.08M€2.08M=
Other amounts receivable291€2.08M€2.08M=
Amounts receivable within one year40/41€306k€261k▼
Trade receivables40€62k€131k▲
Other amounts receivable41€244k€130k▼
Cash at bank and in hand54/58€142k€540k▲
Deferred charges and accrued income490/1€44k€135k▲
Equity and liabilities
Total equity and liabilities10/49€17.28M€24.01M▲
Equity10/15€4.10M€3.97M▼
Contributions10/11€238k€238k=
Reserves13€3.85M€3.72M▼
Non-distributable reserves130/1€25k€25k=
Other1319€25k€25k=
Tax-exempt reserves132€338k€324k▼
Distributable reserves133€3.49M€3.37M▼
Investment grants15€11k€11k=
Provisions and deferred taxes16€109k€105k▼
Deferred taxes168€109k€105k▼
Amounts payable17/49€13.07M€19.93M▲
Amounts payable after more than one year17€8.76M€18.05M▲
Financial debts170/4€4.75M€14.53M▲
Other amounts payable178/9€4.01M€3.52M▼
Amounts payable within one year42/48€4.08M€1.71M▼
Current portion of amounts payable after more than one year42€574k€1.05M▲
Financial debts43€2.82M€0▼
Credit institutions430/8€2.82M€0▼
Trade debts44€549k€627k▲
Suppliers440/4€549k€627k▲
Taxes, remuneration and social security45€24k€24k=
Taxes450/3€24k€24k=
Other amounts payable47/48€112k€10k▼
Accrued charges and deferred income492/3€225k€173k▼
Income statement
Code20232024
Turnover70€1.09M€1.17M▲
Non-recurring operating income76A€489k€0▼
Goods, raw materials, services and sundry goods60/61€493k€520k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€486k€407k▼
Other operating charges640/8€127k€130k▲
Non-recurring operating charges66A€489k€0▼
Gross operating margin9900€1.27M€827k▼
Operating profit (loss)9901€166k€290k▲
Financial income75/76B€318k€106k▼
Recurring financial income75€318k€106k▼
Financial charges65/66B€268k€531k▲
Recurring financial charges65€268k€531k▲
Profit (loss) for the period before taxes9903€216k€-135k▼
Transfer from deferred taxes780€5k€5k=
Income taxes67/77€0-
Profit (loss) for the period9904€221k€-131k▼
Transfer from tax-exempt reserves789€14k€14k=
Profit (loss) for the period to be appropriated9905€235k€-117k▼
Appropriation of the result
Profit (loss) to be appropriated9906€449k€-117k▼
Profit (loss) brought forward from the previous period14P€214k€0▼
Transfer from equity791/2-€117k
Transfer to equity691/2€449k€0▼
To other reserves6921€449k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-07
State Gazette act
Capital & shares · Resignations & appointments · RestructuringResignations: Biesmans Group, LITOMA and 2 others · Appointments: BYC (non-statutory director) and Plan-BL (non-statutory director) · Merger28 facts ▸
State Gazette act
Capital & shares · Resignations & appointments · Restructuring
Resignations: Biesmans Group, LITOMA and 2 others · Appointments: BYC (non-statutory director) and Plan-BL (non-statutory director) · Merger28 facts ▸
- General meeting, 30-06-2026
- Merger, 30-06-2026
- Merger, 30-06-2026
- Dissolution, 30-06-2026
- Dissolution, 30-06-2026
- Accounting effect, 01-01-2026
- Share cancellation, all shares of absorbed companies
- Real estate, Magazijn met woning op en met grond en aanhorigheden, gelegen aan de Brusselsesteenweg 188A en 188 B, Melle. Kadaster: 71G P0000 (magazijn) en 71F P0000 (woning…
- Real estate, Helft volle eigendom van een weg gelegen aan de Brusselsesteenweg, Melle. Kadaster: 71H P0000. KI 1989: € 3,00.
- Director resignation, Biesmans Group (director and managing director)
- Director resignation, LITOMA (director and managing director)
- Director resignation, TROISDORF (director)
- +16 further facts in this act
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-131k
Net result drops to €-131k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.76
Current ratio from 0.63 to 1.76; short-term debt falls from €4.08M to €1.71M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €221k ▲32.7%
Net result €221k, the highest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
04-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 19 acts read
About the unread acts
Of the 19 Belgian State Gazette acts we know for this company, 1 has been read. The other 18 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
BYC
CurrentNon-statutory director · since 30-06-2026 · Private limited company
Plan-BL
CurrentNon-statutory director · since 30-06-2026 · Private limited company
30-06-2026
BYC: Appointed as Non-statutory director
30-06-2026
BYC: Appointed as Managing director
30-06-2026
Plan-BL: Appointed as Non-statutory director
30-06-2026
Plan-BL: Appointed as Managing director
30-06-2026
Biesmans Group: Resigned as Director and managing director
Not every act has been read: a resignation may be missing here
18 of this company's 19 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2011
Ground area
3.6 ha
Building footprint
1.5 ha
Volume, LiDAR
142,625 m³
Parcel 71304E0735/00B015, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Groep Biesmans Vastgoed
since 20112.195.408.621
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304E0735/00B015 | Flanders | 3.6 ha | 1 · 1.5 ha | 12.1 m · 3 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.
Structure & network
Connections & network
4 connected companiesLinked via shared directors
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Acquisitions and mergers
6 transactionsTook over:DARUBO
Took over:DAVIS
Received in a demerger part of:CONSTRUCT PROTECT ENGINEERING NV
Received in a demerger part of:DEKKERS NV
Received in a demerger part of:TECTUM CONSTRUCTORS BVBA
Received in a demerger part of:TECTUM GROUP NV
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 2,928 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.