K - TEG
ActiveSummary
K - TEG has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.27M and a net result of €245k. Equity is growing by ~12% per year across the filed fiscal years. Its solvency ranks better than 65% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
71
/ 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
Profitability82▼-7
Solvency81▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 3.82 against 2.98 in 2023; short-term debt: 24.3% and cash: 10.8% of total assets), and 44.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55.9%
Return on assets
10.7%
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 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
159 d early
2022
60 d early
2021
24 d early
2020
20 d late
2019
17 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.27M▲ 0.4%
2023 · €1.27M
2018: €693k
2019: €744k
2020: €744k
2021: €860k
2022: €1.02M
2023: €1.27M
2018 → 2024
Total assets
€2.28M▲ 23.6%
2023 · €1.84M
2018: €952k
2019: €1.13M
2020: €1.13M
2021: €1.40M
2022: €1.40M
2023: €1.84M
2018 → 2024
Net result
€245k▼ 19.6%
2023 · €304k
2018: €89k
2019: €151k
2020: €151k
2021: €285k
2022: €207k
2023: €304k
2018 → 2024
Working capital
€1.56M▲ 37.7%
2023 · €1.13M
2018: €555k
2019: €620k
2020: €598k
2021: €614k
2022: €848k
2023: €1.13M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€744k-€860k▲ 15.5%€1.02M▲ 18.3%€1.27M▲ 24.9%€1.27M▲ 0.4%
Operating result€172k-€380k▲ 121%€278k▼ 26.9%€408k▲ 47.1%€331k▼ 19.0%
Net result€151k-€285k▲ 88.3%€207k▼ 27.4%€304k▲ 47.0%€245k▼ 19.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 19% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.28M
Fixed assets
€165k ▲ 19.4%
Current assets
€2.11M ▲ 23.9%
Equity and liabilities €2.28M
Equity
€1.27M ▲ 0.4%
Debt
€1.00M ▲ 74.8%
Debt's share of the balance-sheet total rises from 31.1% to 44.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€372k▼
2023 · €465k
Cash flow
€286k▼
2023 · €360k
Current ratio
3.82▲
2023 · 2.98
Quick ratio
3.00▲
2023 · 2.28
Debt to equity
0.79▲
2023 · 0.45
ROE
19.2%▼
2023 · 24.0%
ROA
10.7%▼
2023 · 16.5%
Interest coverage
36.56▼
2023 · 309.15
Debt ≤ 1 year
€554k▼
2023 · €573k
Debt > 1 year
€450k
Income taxes
€92k▼
2023 · €108k
Staff costs
€618k▲
2023 · €476k
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 · 57 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.84M€2.28M▲
Fixed assets21/28€138k€165k▲
Tangible fixed assets22/27€137k€165k▲
Plant, machinery and equipment23€83k€119k▲
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26€51k€44k▼
Financial fixed assets28€1k-
Current assets29/58€1.71M€2.11M▲
Stocks and contracts in progress3€397k€455k▲
Stocks30/36€397k€455k▲
Amounts receivable within one year40/41€1.08M€1.40M▲
Trade receivables40€1.02M€660k▼
Other amounts receivable41€58k€742k▲
Cash at bank and in hand54/58€215k€247k▲
Deferred charges and accrued income490/1€20k€10k▼
Equity and liabilities
Total equity and liabilities10/49€1.84M€2.28M▲
Equity10/15€1.27M€1.27M▲
Contributions10/11€20k€20k=
Outside capital11-€20k
Other1109/19-€20k
Reserves13€1.25M€1.25M▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€75k€75k=
Distributable reserves133€1.17M€1.18M▲
Amounts payable17/49€574k€1.00M▲
Amounts payable after more than one year17-€450k
Financial debts170/4-€450k
Amounts payable within one year42/48€573k€554k▼
Current portion of amounts payable after more than one year42€17k€74k▲
Trade debts44€377k€180k▼
Suppliers440/4€377k€180k▼
Taxes, remuneration and social security45€119k€59k▼
Taxes450/3€72k€15k▼
Remuneration and social security454/9€47k€44k▼
Other amounts payable47/48€61k€240k▲
Accrued charges and deferred income492/3€868-
Income statement
Code20232024
Remuneration, social security and pensions62€476k€618k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€56k€42k▼
Other operating charges640/8€18k€19k▲
Gross operating margin9900€959k€1.01M▲
Operating profit (loss)9901€408k€331k▼
Financial income75/76B€5k€17k▲
Recurring financial income75€5k€17k▲
Financial charges65/66B€2k€10k▲
Recurring financial charges65€2k€10k▲
Profit (loss) for the period before taxes9903€412k€337k▼
Income taxes67/77€108k€92k▼
Profit (loss) for the period9904€304k€245k▼
Profit (loss) for the period to be appropriated9905€304k€245k▼
Appropriation of the result
Profit (loss) to be appropriated9906€304k€245k▼
Transfer from equity791/2€50k-
Transfer to equity691/2€304k€5k▼
To other reserves6921€304k€5k▼
Profit to be distributed694/7€50k€240k▲
Return on contributions (dividend)694€50k€240k▲
Social balance
Average headcount (FTE)90879.410.8▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €304k ▲47%
Operating result €408k, net result €304k, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.02M ▲18.3%
5 profitable years in a row build equity to €1.02M.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 20 days late
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
11-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 42 days late
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Hasselt · 1 establishment unit since 1995
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.
Kiewitstraat 1873500 HasseltGround area
4,916 m²
Building footprint
2,562 m²
Volume, LiDAR
14,266 m³
Parcel 71322A0413/00P000, Flanders · tallest building 22.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
K-TEG
since 19952.071.738.668
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0413/00P000 | Flanders | 4,916 m² | 1 · 2,562 m² | 22.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 80,452 EUR awarded · 80,452 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 383 EUR | 383 EUR |
| 2024 | 2 | 10,134 EUR | 10,134 EUR |
| 2023 | 2 | 32,756 EUR | 32,905 EUR |
| 2022 | 2 | 37,179 EUR | 37,030 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 3,985 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
Founded30-03-1995
Fiscal year end31-12
Activities, NACEBEL 2025
16281Manufacture of other wood products
43211General electrical installation work
31004Manufacture of dining room, living room, bedroom and bathroom furniture
46831Wholesale of construction materials, general range
47783Retail trade
85532Education
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.