TEF
ActiveSummary
TEF has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12k and a net result of €203. Equity is growing by ~36.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability66▲+3
Solvency43▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 0.9 in 2023; short-term debt: 73.2% and cash: 2.8% of total assets), and 81.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
18.1%
Return on assets
0.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 9517 sector peers (2024).
NBB · sector comparisonPosition among 9517 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
61 d late
2022
31 d late
2021
2 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€12k▲ 1.7%
2023 · €12k
2018: €2klowest in 7 years
2019: €3k▲ +32.9% vs 2018
2020: €5k▲ +43.9% vs 2019
2021: €13k▲ +171% vs 2020highest in 7 years
2022: €12k▼ -8.8% vs 2021
2023: €12k▲ +2.0% vs 2022
2024: €12k▲ +1.7% vs 2023
2018 → 2024
Total assets
€67k▲ 21.3%
2023 · €55k
2018: €77k
2019: €105k▲ +36.0% vs 2018highest in 7 years
2020: €67k▼ -36.3% vs 2019
2021: €99k▲ +47.4% vs 2020
2022: €84k▼ -14.6% vs 2021
2023: €55k▼ -34.3% vs 2022lowest in 7 years
2024: €67k▲ +21.3% vs 2023
2018 → 2024
Net result
€203▼ 13.1%
2023 · €234
2018: €2k
2019: €816▼ -63.9% vs 2018
2020: €1k▲ +77.3% vs 2019
2021: €8k▲ +461% vs 2020highest in 7 years
2022: €-1k▼ -114% vs 2021lowest in 7 years
2023: €234▲ +121% vs 2022
2024: €203▼ -13.1% vs 2023
2018 → 2024
Working capital
€4k
2023 · €-4k
2018: €-121
2019: €3k▲ +2278% vs 2018
2020: €3k▲ +11.5% vs 2019
2021: €11k▲ +289% vs 2020highest in 7 years
2022: €-7k▼ -165% vs 2021lowest in 7 years
2023: €-4k▲ +40.2% vs 2022
2024: €4k▲ +199% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€5k-€13k▲ 171%€12k▼ 8.8%€12k▲ 2.0%€12k▲ 1.7%
2020: €5klowest in 5 years
2021: €13k▲ +171% vs 2020highest in 5 years
2022: €12k▼ -8.8% vs 2021
2023: €12k▲ +2.0% vs 2022
2024: €12k▲ +1.7% vs 2023
Operating result€6k-€15k▲ 156%€1k▼ 90.9%€5k▲ 230%€7k▲ 61.1%
2020: €6k
2021: €15k▲ +156% vs 2020highest in 5 years
2022: €1k▼ -90.9% vs 2021lowest in 5 years
2023: €5k▲ +230% vs 2022
2024: €7k▲ +61.1% vs 2023
Net result€1k-€8k▲ 461%€-1k€234€203▼ 13.1%
2020: €1k
2021: €8k▲ +461% vs 2020highest in 5 years
2022: €-1k▼ -114% vs 2021lowest in 5 years
2023: €234▲ +121% vs 2022
2024: €203▼ -13.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 61% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67k
Fixed assets
€14k ▼ 16.9%
Current assets
€54k ▲ 37.4%
Equity and liabilities €67k
Equity
€12k ▲ 1.7%
Debt
€55k ▲ 26.7%
Debt's share of the balance-sheet total rises from 78.4% to 81.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10k▲
2023 · €7k
Cash flow
€3k▼
2023 · €3k
Current ratio
1.09▲
2023 · 0.90
Quick ratio
0.71▲
2023 · 0.47
Debt to equity
4.53▲
2023 · 3.64
ROE
1.7%▼
2023 · 2.0%
ROA
0.3%▼
2023 · 0.4%
Interest coverage
5.61▲
2023 · 5.25
Debt ≤ 1 year
€49k▲
2023 · €43k
Income taxes
€5k▲
2023 · €3k
Staff costs
€368k▲
2023 · €329k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€55k€67k▲
Fixed assets21/28€16k€14k▼
Tangible fixed assets22/27€16k€14k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€14k€12k▼
Current assets29/58€39k€54k▲
Stocks and contracts in progress3€19k€19k=
Stocks30/36€19k€19k=
Amounts receivable within one year40/41€14k€29k▲
Trade receivables40€10k€21k▲
Other amounts receivable41€4k€8k▲
Cash at bank and in hand54/58€3k€2k▼
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€55k€67k▲
Equity10/15€12k€12k▲
Contributions10/11€19k€19k=
Reserves13€15k€15k=
Distributable reserves133€15k€15k=
Profit (loss) carried forward14€-22k€-22k▲
Amounts payable17/49€43k€55k▲
Amounts payable within one year42/48€43k€49k▲
Current portion of amounts payable after more than one year42-€10k
Financial debts43€3k€2k▼
Credit institutions430/8€3k€2k▼
Trade debts44€13k€2k▼
Suppliers440/4€13k€2k▼
Taxes, remuneration and social security45€28k€35k▲
Taxes450/3€4k€8k▲
Remuneration and social security454/9€23k€27k▲
Other amounts payable47/48-€92
Accrued charges and deferred income492/3-€6k
Income statement
Code20232024
Remuneration, social security and pensions62€329k€368k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€877€887▲
Gross operating margin9900€338k€379k▲
Operating profit (loss)9901€5k€7k▲
Financial income75/76B€51€0▼
Recurring financial income75€51€0▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€3k€5k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€234€203▼
Profit (loss) for the period to be appropriated9905€234€203▼
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-22k▲
Profit (loss) brought forward from the previous period14P€-22k€-22k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €369k | €318k | €329k | €368k | ▲ 11.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €359 | €408 | €2k | €3k | €3k | = |
| Other operating charges640/8 | - | €1k | €933 | €877 | €887 | ▲ 1.2% |
| Gross operating margin9900 | €347k | €386k | €323k | €338k | €379k | ▲ 12.1% |
| Operating profit (loss)9901 | €6k | €15k | €1k | €5k | €7k | ▲ 61.1% |
| Financial income75/76B | - | €0 | €121 | €51 | €0 | ▼ 99.8% |
| Recurring financial income75 | - | €0 | €121 | €51 | €0 | ▼ 99.8% |
| Financial charges65/66B | - | €2k | €1k | €1k | €2k | ▲ 29.0% |
| Recurring financial charges65 | €1k | €2k | €1k | €1k | €2k | ▲ 29.0% |
| Profit (loss) for the period before taxes9903 | €5k | €14k | €126 | €3k | €5k | ▲ 72.6% |
| Income taxes67/77 | €3k | €5k | €1k | €3k | €5k | ▲ 79.4% |
| Profit (loss) for the period9904 | €1k | €8k | €-1k | €234 | €203 | ▼ 13.1% |
| Profit (loss) for the period to be appropriated9905 | €1k | €8k | €-1k | €234 | €203 | ▼ 13.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67k | €99k | €84k | €55k | €67k | ▲ 21.3% |
| Fixed assets21/28 | €2k | €1k | €19k | €16k | €14k | ▼ 16.9% |
| Tangible fixed assets22/27 | €2k | €1k | €19k | €16k | €14k | ▼ 16.9% |
| Plant, machinery and equipment23 | - | - | €3k | €3k | €2k | ▼ 30.0% |
| Furniture and vehicles24 | - | €1k | €16k | €14k | €12k | ▼ 14.4% |
| Current assets29/58 | €65k | €97k | €65k | €39k | €54k | ▲ 37.4% |
| Stocks and contracts in progress3 | - | €15k | €17k | €19k | €19k | = |
| Stocks30/36 | - | €15k | €17k | €19k | €19k | = |
| Amounts receivable within one year40/41 | €57k | €43k | €31k | €14k | €29k | ▲ 107% |
| Trade receivables40 | - | €42k | €26k | €10k | €21k | ▲ 114% |
| Other amounts receivable41 | - | €617 | €5k | €4k | €8k | ▲ 92.6% |
| Cash at bank and in hand54/58 | €6k | €32k | €14k | €3k | €2k | ▼ 45.2% |
| Deferred charges and accrued income490/1 | - | €8k | €3k | €3k | €4k | ▲ 35.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67k | €99k | €84k | €55k | €67k | ▲ 21.3% |
| Equity10/15 | €5k | €13k | €12k | €12k | €12k | ▲ 1.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €15k | €15k | €15k | €15k | €15k | = |
| Non-distributable reserves130/1 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | €2k | - | - | - | - |
| Distributable reserves133 | - | €13k | €15k | €15k | €15k | = |
| Profit (loss) carried forward14 | €-29k | €-21k | €-22k | €-22k | €-22k | ▲ 0.9% |
| Amounts payable17/49 | €62k | €86k | €73k | €43k | €55k | ▲ 26.7% |
| Amounts payable within one year42/48 | €62k | €86k | €73k | €43k | €49k | ▲ 13.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €10k | - |
| Financial debts43 | - | €536 | - | €3k | €2k | ▼ 24.3% |
| Credit institutions430/8 | - | €536 | - | €3k | €2k | ▼ 24.3% |
| Trade debts44 | €304 | €13k | €17k | €13k | €2k | ▼ 87.2% |
| Suppliers440/4 | - | €13k | €17k | €13k | €2k | ▼ 87.2% |
| Taxes, remuneration and social security45 | - | €64k | €56k | €28k | €35k | ▲ 26.7% |
| Taxes450/3 | - | €39k | €20k | €4k | €8k | ▲ 92.6% |
| Remuneration and social security454/9 | - | €25k | €36k | €23k | €27k | ▲ 14.5% |
| Other amounts payable47/48 | - | €8k | - | - | €92 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €6k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €8k | €-1k | €234 | €203 | ▼ 13.1% |
| + Depreciation and write-downs630 | €359 | €408 | €2k | €3k | €3k | = |
| Operating cash flow (approximation) | €2k | €9k | €777 | €3k | €3k | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | €0 | €-20k | €0 | €0 | - |
| Change in cash | - | €26k | €-18k | €-11k | €-2k | ▲ 85.7% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Back to profitnet €234
Net result €234 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €8k ▲461%
Operating result €15k, net result €8k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
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.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Scherpenheuvel-Zichem · 1 establishment unit since 1995
Ground area
9,396 m²
Building footprint
1,558 m²
Volume, LiDAR
9,182 m³
2 parcels, Flanders · tallest building 19.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Rooststraat 5, 2431 Laakdal
since 19952.070.769.856
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24005C0611/00K002 | Flanders | 5,605 m² | 1 · 205 m² | 19.5 m |
| 13042A0258/00N002 | Flanders | 3,791 m² | 1 · 1,353 m² | 7.1 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 304 companies in sector 82920 we hold annual accounts for 198. 67 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
Founded01-03-1995
Fiscal year end31-12
Activities, NACEBEL 2025
82920Office administrative, office support and other business support activities
Scores and ratios are computed by Checked and are not a credit decision.