Equity
-€5,699
Debts exceed assets in financial year 2025.
TECHNISCH BUREAU ANDESCO
Lifetime
20 annual accounts with figures on one time axis, 31 filings since 1995peak €57,420 (2024)
€55,282▼ 3.7%
lowest -€35,153 (2018)
-€4,518▼ €1,445
peak €49,067 (2006)
-€5,699▼ €4,518
€886,342▼ 2.4%
peak 0.5 FTE (2006)
-not published
Board5 names since 2016
2 directorsThant Silvy and 1 other
Owners
Documentsfilings and deeds
28-08-202628 days late
2025financial year
Loss of €4,518Equity from -€1,181 to -€5,699
Key points
from the 2025 annual accountsLosses
-€315,161 in 20 years
Every financial year from 2006 to 2025 closed with a loss. 2018 was the heaviest.
Turnover
≈ €150,000 estimated
The accounts state no turnover.
Debts
€886,342 101% of the balance sheet
Financial debts 20%Suppliers 7%Taxes and wages 0%Other 73%
Of this, €710,153 falls due within a year.
Filings
31 annual accounts since 1995
Six of the last ten came late. The 2020 accounts came latest: 31 days after the end of the period.
Position in the sector
-€5,699
Less equity than 88% of companies in pharmaceuticals. Sector median €4.9m · 95 companies.
Checked score
53
Fair
Financially stronger than 18% of micro companies in pharmaceuticals (NACE 21)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 152 companies (NACE 21, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%▼ -0.2 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025lowest value
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026
08-2026: 0.6%▲ +0.3 percentage points vs 07-2026highest value
09-2026: 0.2%▼ -0.4 percentage points vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€5,699
lowers risk
Size: total assets €880,644
Founded in 1994
Figures for financial year 2025 (filed on 04-09-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 21, micro). It does better than 25% of them on solvency, 7% on liquidity, 38% on profitability and 2% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,242 companies had the same profile as TECHNISCH BUREAU ANDESCO has now. Each dot stands for 4 companies, two years later.
92.8%
were still trading
4.0%
stopped another way
1.9%
went bankrupt
Another 1.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TECHNISCH BUREAU ANDESCO itself is lower: 0.2% within 12 months. It rests on far more data about TECHNISCH BUREAU ANDESCO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,242 companies, not a prediction for TECHNISCH BUREAU ANDESCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.03 (0.04 in 2024), below 1. Short-term debt is 80.6% and cash 2.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 -€5,699
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
1 day early
2023
5 days early
2022
24 days late
2021
31 days late
2020
31 days late
2019
26 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 19 days after the deadline. In the sector (NACE 21), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Daniel Thant 216 sharesdeed of 03-07-2020
- Silvy Thant 101 sharesdeed of 03-07-2020
Recent changes
Reappointments: Thant Daniël (director) and Thant Silvy (director)
General meeting of 09-06-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0453380473
Registered office moved within Sint-Niklaas
New registered office: Oosterlaan 15 te 9100 Sint-Niklaas · Previous registered office: Leopold II-laan 35-9100 Sint-Niklaas · General meeting of 21-04-2022 · Gazette deed
Merger: TECHNISCH BUREAU ANDESCO takes over IMMOBUREAU
Registered office moved to Sint-Niklaas · Capital increase of €18,600 to €175,600 · Capital after the increase: €175,600, 333 new shares · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TECHNISCH BUREAU ANDESCO Sint-Niklaas | €0.9m | €55,282 | -0.6% | - |
| PROMACON Hove | €0.4m | €142,659 | 91.6% | - |
| GREEN 2 Ostend | €2.0m | €147,310 | 48.6% | 0.2 |
| Dr. Lins - Dr. Dubois Antwerp | €0.7m | €73,970 | 98.2% | - |
| PHARMACIE DES PAGODES Genappe | €0.4m | €152,066 | 3.0% | 1.6 |
| Joos Clinical Projects Destelbergen | €0.5m | €125,355 | 94.6% | - |
| SOBEGAPHARMA Mons | €1.0m | €183,099 | 18.1% | 0.8 |
These companies have the same main activity as TECHNISCH BUREAU ANDESCO: manufacture of basic pharmaceutical products and pharmaceutical preparations (NACE 21100). They are comparable in size and age: total assets between €383,000 and €2m, founded between 1991 and 2009.
Official details
Source: KBO- Status
- Active since 13-09-1994Normal situation
- Activity
- Manufacture of basic pharmaceutical products and pharmaceutical preparationsNACE 21100
- Establishment unit
- 2.068.814.3179100 Sint-Niklaas, since 04-12-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 23-01-2026
Insights on TECHNISCH BUREAU ANDESCO
TECHNISCH BUREAU ANDESCO has existed since 1994. The gross margin grew from €39,363 in 2006 to €55,282 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TECHNISCH BUREAU ANDESCO
- What is the company number of TECHNISCH BUREAU ANDESCO?
- The company number of TECHNISCH BUREAU ANDESCO is 0453.380.473. The VAT number is the same number with BE in front: BE 0453.380.473.
- Where is TECHNISCH BUREAU ANDESCO based?
- The registered office is at Oosterlaan 15, 9100 Sint-Niklaas.Company details
- What does TECHNISCH BUREAU ANDESCO do?
- According to the KBO register, the main activity is manufacture of basic pharmaceutical products and pharmaceutical preparations (NACE 21100).
- What is the legal form of TECHNISCH BUREAU ANDESCO?
- TECHNISCH BUREAU ANDESCO is a public limited company (NV).
- When was TECHNISCH BUREAU ANDESCO founded?
- TECHNISCH BUREAU ANDESCO was founded on 13-09-1994.
- Is TECHNISCH BUREAU ANDESCO still active?
- Yes, TECHNISCH BUREAU ANDESCO is an active enterprise in the KBO register.
- What is the turnover of TECHNISCH BUREAU ANDESCO?
- The turnover in financial year 2025 is ≈ €150,000. This figure is estimated from the gross margin of €55,282 and 1,299 comparable companies of the same size. It probably lies between €95,000 and €300,000. It is a rough estimate.Financials
- Is TECHNISCH BUREAU ANDESCO profitable?
- In financial year 2025, TECHNISCH BUREAU ANDESCO made a loss of €4,518.
- Where can I find the annual accounts of TECHNISCH BUREAU ANDESCO?
- TECHNISCH BUREAU ANDESCO filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TECHNISCH BUREAU ANDESCO due?
- TECHNISCH BUREAU ANDESCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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