ARCH & TECO ENGINEERING
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 03-07-2026 at the NBB all 34 filings
Turnover
≈ €1.9m
Estimated: probably between €1.4m and €2.5m
EBIT margin
Not included in this filing
Net result
€269,921▲ 24.1%
2024 · €217,542
Working capital
€888,603▼ 38.0%
2024 · €1.4m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€224,884
▲ 6.4%
2025
20182025
Net result
€269,921
▲ 24.1%
2025
highest quarter of the sector
20182025
Equity
€747,357
▼ 28.6%
2025
middle half of the sector
20182025
Total assets
€1.4m
▼ 32.8%
2025
middle half of the sector
20182025
Debt
€615,609
▼ 37.3%
2025
20182025
Working capital
€888,603
▼ 38.0%
2025
middle half of the sector
20182025
Solvency
54.8%
▲ 3.2pp
2025
middle half of the sector
20182025
Current ratio
2.91
▼ 0.54
2025
highest quarter of the sector
20182025
Return on assets (ROA)
19.8%
▲ 9.1pp
2025
highest quarter of the sector
20182025
Staff (FTE)
5.8
▼ 10.8%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.07m--€0.1m▼ 63.6%€0.03m€0.1m▲ 376%€0.06m▼ 61.2%€0.1m▲ 155%€0.2m▲ 44.9%€0.2m▲ 6.4%
Net result€0.005m-€0.005m▼ 0.9%€0.05mwithin the sector's middle half▲ 11×€0.2mabove the sector's middle half▲ 232%€0.07mwithin the sector's middle half▼ 59.4%€0.2mabove the sector's middle half▲ 148%€0.2mabove the sector's middle half▲ 19.6%€0.3mabove the sector's middle half▲ 24.1%
Equity€0.8m-€0.8m▲ 0.6%€0.8mabove the sector's middle half▲ 7.0%€1.0mabove the sector's middle half▲ 21.6%€1.0mabove the sector's middle half▲ 3.3%€1.0mabove the sector's middle half▼ 0.3%€1.0mabove the sector's middle half▲ 0.2%€0.7mwithin the sector's middle half▼ 28.6%
Total assets€1.6m-€2.1m▲ 37.3%€2.0mabove the sector's middle half▼ 7.8%€2.0mabove the sector's middle half▼ 0.1%€1.8mabove the sector's middle half▼ 6.4%€2.0mabove the sector's middle half▲ 11.0%€2.0mabove the sector's middle half▼ 0.9%€1.4mwithin the sector's middle half▼ 32.8%
Debt€0.8m-€1.4m▲ 73.6%€1.1m▼ 16.2%€1.0m▼ 16.0%€0.8m▼ 16.7%€1.0m▲ 25.9%€1.0m▼ 2.1%€0.6m▼ 37.3%
Working capital€1.0m-€0.8m▼ 19.8%€1.0mabove the sector's middle half▲ 23.0%€1.1mabove the sector's middle half▲ 9.5%€1.2mabove the sector's middle half▲ 11.1%€1.4mabove the sector's middle half▲ 13.0%€1.4mabove the sector's middle half▲ 4.7%€0.9mwithin the sector's middle half▼ 38.0%
Solvency49.8%-36.5%▼ 13.3pp42.3%within the sector's middle half▲ 5.8pp51.5%within the sector's middle half▲ 9.2pp56.8%within the sector's middle half▲ 5.3pp51.0%within the sector's middle half▼ 5.8pp51.6%within the sector's middle half▲ 0.6pp54.8%within the sector's middle half▲ 3.2pp
Current ratio2.93-1.62▼ 1.312.03within the sector's middle half▲ 0.422.26within the sector's middle half▲ 0.232.96within the sector's middle half▲ 0.693.05within the sector's middle half▲ 0.103.45above the sector's middle half▲ 0.402.91above the sector's middle half▼ 0.54
Return on assets (ROA)0.3%-0.2%▼ 0.1pp2.8%within the sector's middle half▲ 2.5pp9.1%within the sector's middle half▲ 6.4pp4.0%within the sector's middle half▼ 5.2pp8.9%within the sector's middle half▲ 4.9pp10.7%within the sector's middle half▲ 1.8pp19.8%above the sector's middle half▲ 9.1pp
Staff (FTE)11.7-10.3▼ 12.0%7.6within the sector's middle half▼ 26.2%5.5within the sector's middle half▼ 27.6%6.1within the sector's middle half▲ 10.9%6.8within the sector's middle half▲ 11.5%6.5within the sector's middle half▼ 4.4%5.8within the sector's middle half▼ 10.8%
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 6% higher than in 2024 and the highest since 2021. It is the third rise in a row, after the fall in 2022.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€9,726 ▼ 9.8%
Current assets
€1.4m ▼ 32.9%
Equity and liabilities €1.4m
Equity
€747,357 ▼ 28.6%
Debt
€615,609 ▼ 37.3%
Debt's share of the balance-sheet total falls from 48.4% to 45.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€225,944▲
2024 · €212,354
Cash flow
€270,981▲
2024 · €218,602
Quick ratio
1.38▼
2024 · 1.41
Debt to equity
0.82▼
2024 · 0.94
ROE
36.1%▲
2024 · 20.8%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€464,636▼
2024 · €584,854
Income taxes
€57,081▲
2024 · €52,755
Staff costs
€527,291▲
2024 · €499,913
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 7 | 7 | 6 | 6 |
| full-time | 4 | 6 | 5 | 5 | 5 |
| part-time | 1 | 1 | 2 | 1 | 1 |
| in full-time equivalents | 4.8 | 6.8 | 6.7 | 5.8 | 5.8 |
| Average over the year, in full-time equivalents | 5.5 | 6.1 | 6.8 | 6.5 | 5.8 |
| On a permanent contract | 5 | 7 | 7 | 6 | 6 |
| Joined | 0 | 3 | - | 0 | 2 |
| Left | 1 | 1 | - | 1 | 2 |
| Training hours | - | 40 | 165 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Intangible fixed assets | €5,300 | - | - | - | - |
| Depreciation and write-downs of the year | €2,424 | €2,950 | €2,608 | €1,060 | €1,060 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 9 entries · €67,666 awarded · €67,666 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €20,178 | €20,178 |
| 2024 | 2 | €19,447 | €19,714 |
| 2023 | 3 | €18,070 | €17,803 |
| 2022 | 2 | €9,971 | €9,971 |
Public contracts
2 awards · 2024 to 2025
Studieopdracht 'Heraanleg van de beschermde Hazegrasstraat en de Graaf Jansdijk, en opmaak van een beheersplan'
Multilaterale Overeenkomst voor Studieopdrachten: Klassieke uitvoeringsstudies en leiding der werken van projecten Publiek Domein
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €402,136 | €436,914 | €532,761 | €499,913 | €527,291 | ▲ 5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,222 | €4,530 | €1,890 | €2,424 | €2,950 | €2,608 | €1,060 | €1,060 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €1,951 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €2,609 | €11,621 | €1,339 | €1,193 | €1,449 | ▲ 21.4% |
| Gross operating margin9900 | €116,802 | €561,018 | €606,736 | €556,040 | €508,559 | €682,499 | €713,460 | €754,684 | ▲ 5.8% |
| Operating profit (loss)9901 | -€74,718 | -€122,271 | €30,859 | €146,921 | €57,073 | €145,790 | €211,294 | €224,884 | ▲ 6.4% |
| Financial income75/76B | - | - | - | €47,840 | €48,147 | €76,360 | €59,800 | €103,436 | ▲ 73.0% |
| Recurring financial income75 | €80,001 | €125,200 | €47,845 | €47,840 | €48,147 | €76,360 | €59,800 | €103,436 | ▲ 73.0% |
| Financial charges65/66B | - | - | - | €13,747 | €22,094 | €1,309 | €797 | €1,319 | ▲ 65.6% |
| Recurring financial charges65 | €182 | €473 | €23,643 | €13,747 | €22,094 | €1,309 | €797 | €1,319 | ▲ 65.6% |
| Profit (loss) for the period before taxes9903 | €5,101 | €2,456 | €55,062 | €181,013 | €83,127 | €220,841 | €270,297 | €327,001 | ▲ 21.0% |
| Income taxes67/77 | €251 | -€2,353 | €745 | €770 | €9,922 | €38,987 | €52,755 | €57,081 | ▲ 8.2% |
| Profit (loss) for the period9904 | €4,851 | €4,809 | €54,316 | €180,244 | €73,204 | €181,854 | €217,542 | €269,921 | ▲ 24.1% |
| Profit (loss) for the period to be appropriated9905 | €4,851 | €4,809 | €54,316 | €180,244 | €73,204 | €181,854 | €217,542 | €269,921 | ▲ 24.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €2.1m | €2.0m | €2.0m | €1.8m | €2.0m | €2.0m | €1.4m | ▼ 32.8% |
| Fixed assets21/28 | €0.03m | €0.02m | €0.01m | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 9.8% |
| Intangible fixed assets21 | €0.01m | €0.007m | €0.005m | €0.008m | €0.005m | €0.003m | €0.002m | €0.001m | ▼ 66.8% |
| Financial fixed assets28 | €0.01m | €0.01m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Current assets29/58 | €1.5m | €2.1m | €2.0m | €2.0m | €1.8m | €2.0m | €2.0m | €1.4m | ▼ 32.9% |
| Stocks and contracts in progress3 | €1.2m | €1.4m | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €0.7m | ▼ 40.4% |
| Contracts in progress37 | - | - | - | €1.3m | €1.3m | €1.2m | €1.2m | €0.7m | ▼ 40.4% |
| Amounts receivable within one year40/41 | €0.3m | €0.7m | €0.6m | €0.6m | €0.3m | €0.6m | €0.5m | €0.5m | ▲ 1.1% |
| Trade receivables40 | - | - | - | €0.6m | €0.2m | €0.6m | €0.5m | €0.5m | ▲ 1.3% |
| Other amounts receivable41 | - | - | - | €0.05m | €0.07m | €0.04m | €0.001m | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | €0.05m | €0.07m | €0.2m | €0.2m | €0.3m | €0.1m | ▼ 63.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.05m | €0.02m | €0.02m | ▼ 19.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €2.1m | €2.0m | €2.0m | €1.8m | €2.0m | €2.0m | €1.4m | ▼ 32.8% |
| Equity10/15 | €0.8m | €0.8m | €0.8m | €1.0m | €1.0m | €1.0m | €1.0m | €0.7m | ▼ 28.6% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.4m | €0.4m | €0.8m | €0.9m | €1.0m | €1.0m | €1.0m | €0.7m | ▼ 30.6% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.9m | €1.0m | €1.0m | €1.0m | €0.7m | ▼ 30.8% |
| Profit (loss) carried forward14 | €0.3m | €0.3m | €0.02m | €0.02m | €0.005m | €0.002m | €0.004m | €0.004m | ▼ 1.9% |
| Amounts payable17/49 | €0.8m | €1.4m | €1.1m | €1.0m | €0.8m | €1.0m | €1.0m | €0.6m | ▼ 37.3% |
| Amounts payable within one year42/48 | €0.5m | €1.3m | €1.0m | €0.9m | €0.6m | €0.7m | €0.6m | €0.5m | ▼ 20.6% |
| Trade debts44 | €0.3m | €0.5m | €0.3m | €0.4m | €0.5m | €0.3m | €0.2m | €0.07m | ▼ 71.0% |
| Suppliers440/4 | - | - | - | €0.4m | €0.5m | €0.3m | €0.2m | €0.07m | ▼ 71.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.09m | €0.2m | €0.1m | €0.1m | ▼ 4.4% |
| Taxes450/3 | - | - | - | €0.04m | €0.03m | €0.06m | €0.05m | €0.06m | ▲ 28.8% |
| Remuneration and social security454/9 | - | - | - | €0.05m | €0.07m | €0.1m | €0.08m | €0.06m | ▼ 23.9% |
| Other amounts payable47/48 | - | - | - | €0.4m | €0.05m | €0.2m | €0.2m | €0.3m | ▲ 25.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.09m | €0.2m | €0.3m | €0.4m | €0.2m | ▼ 61.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,851 | €4,809 | €54,316 | €180,244 | €73,204 | €181,854 | €217,542 | €269,921 | ▲ 24.1% |
| + Depreciation and write-downs630 | €1,222 | €4,530 | €1,890 | €2,424 | €2,950 | €2,608 | €1,060 | €1,060 | = |
| Operating cash flow (approximation) | €6,072 | €9,339 | €56,206 | €182,668 | €76,154 | €184,462 | €218,602 | €270,981 | ▲ 24.0% |
| Investment in fixed assets (approximation) | - | €0 | €5,000 | -€5,300 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €854 | €27,468 | €13,485 | €166,442 | -€54,941 | €114,100 | -€184,580 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as ARCH & TECO ENGINEERING has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
93.5%
was still going
5.9%
stopped otherwise
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ARCH & TECO ENGINEERING itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 31,368 companies, not a prediction for ARCH & TECO ENGINEERING. 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.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 03-07-2026 | 2026-00250113 | |
| 31-12-2024 | abbreviated format | 18-07-2025 | 2025-00294330 | |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00191445 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00307955 | |
| 31-12-2021 | abbreviated format | 12-07-2022 | 2022-20197743 | |
| 31-12-2020 | abbreviated format | 09-07-2021 | 2021-34900048 | |
| 31-12-2019 | abbreviated format | 29-07-2020 | 2020-36200180 | |
| 31-12-2018 | abbreviated format | 12-07-2019 | 2019-32400216 | |
| 30-09-2018 | abbreviated format | 25-02-2019 | 2019-05900320 | |
| 30-09-2017 | abbreviated format | 01-02-2018 | 2018-04400326 |