Active BE 0821.297.218Private limited company (pre-2019)

Barcho Technics

Perksestraat 1 ·1800 Vilvoorde, Belgium· 16 yrs active

Sector: Installation of electric heating, air conditioning, cooling and ventilation (43222)

Conclusion Checked

Barcho Technics has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €84k and a net result of €21k. Its solvency ranks better than 71% of 11123 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€84k
Net result	€21k
Better than sector	71%
Active	16 yrs

Financial profile 5 of 5 axes measured · computed by Checked

95 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 98

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.9% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2009, 16 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€8k

estimate, not credit advice

Score history

86 2023

100 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 2.55 (≥ 1.5) +10

Quick ratio Quick ratio 1.92 (≥ 1.0) +5

Leverage Debt/equity 0.68 (< 1.0) +10

Profitability ROE 25% (≥ 10%) +10

Interest coverage Interest coverage 6.8× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview15 NBB filings

Annual accounts filed on 10-10-2025 with the NBB · fiscal year 2024 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2024 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	58.3%	40.8%	better than 71% of 11123 sector peers
Net result	€21k	€11k	better than 65% of 11107 sector peers
Equity	€84k	€34k	better than 79% of 11128 sector peers
Gross operating margin	€73k	€35k	better than 74% of 11096 sector peers
Staff costs	€41k	€24k	higher than 61% of 4054 sector peers

EBITDA

€29k

+13.2% 23-24

Net profit

€21k

+0.3% 23-24

Cash flow

€25k

+18.4% 23-24

Total assets

€144k

-12.7% 23-24

Equity

€84k

+32.5% 23-24

Working capital

€82k

+26.2% 23-24

Staff costs

€41k

+207.0% 23-24

Debt

€57k

-42.5% 23-24

Debt ≤ 1y

€53k

-47.4% 23-24

Debt > 1y

€5k

- 23-24

Current ratio

2.55

+54.9% 23-24

Quick ratio

1.92

+37.4% 23-24

Solvency

58.3%

+51.7% 23-24

Debt / equity

0.68

-56.6% 23-24

ROE

24.5%

-24.3% 23-24

ROA

14.3%

+14.9% 23-24

Interest coverage

6.85

+24.8% 23-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€29k	€26k
Net profit	€21k	€21k
Cash flow	€25k	€21k
Staff costs	€41k	€13k
Income taxes	-	-
Dividends	-	-
Total assets	€144k	€165k
Equity	€84k	€64k
Debt	€57k	€100k
of which ≤ 1y	€53k	€100k
of which > 1y	€5k	-
Working capital	€82k	€65k
Employees (FTE)	-	-

Ratios (computed)

	2024	2023
Current ratio	2.55	1.65
Quick ratio	1.92	1.40
Working capital ratio	56.4%	39.0%
Solvency	58.3%	38.4%
Debt / equity	0.68	1.57
Long-term debt ratio	0.06	-
Interest coverage	6.85	5.48
Gross margin	-	-
Net margin	-	-
ROA	14.3%	12.4%
ROE	24.5%	32.4%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2024

Assets

Fixed assets €10k · 7.2% Current assets €134k · 92.9%

Equity & liabilities

Equity €84k · 58.3% Provisions €3k · 1.9% Debt €57k · 39.8%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€144k	€165k
Fixed assets	21/28	€10k	€909
Tangible fixed assets	22/27	€10k	€619
Financial fixed assets	28	€290	€290
Current assets	29/58	€134k	€165k
Stocks & contracts in progress	3	€33k	€25k
Amounts receivable within one year	40/41	€99k	€131k
Cash & bank	54/58	€2k	-
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€144k	€165k
Equity	10/15	€84k	€64k
Contributions / capital	10/11	€6k	€6k
Reserves	13	€2k	€2k
Accumulated profits (losses)	14	€76k	€56k
Provisions & deferred taxes	16	€3k	€2k
Amounts payable	17/49	€57k	€100k
Amounts payable after one year	17	€5k	-
Amounts payable within one year	42/48	€53k	€100k
Trade debts payable within one year	44	€38k	€52k
Income statement
Gross operating margin	9900	€73k	€39k
Operating result	9901	€25k	€25k
Financial income	75	€42	€0
Financial charges	65	€4k	€5k
Result before taxes	9903	€21k	€21k
Net result for the period	9904	€21k	€21k
Result to be appropriated	9905	€21k	€21k

Legal Structure

NACE primary	Installation of electric heating, air conditioning, cooling and ventilation(43222)
Legal form	Private limited company (pre-2019)(015)
Incorporation	10-12-2009
Status	Active
Postal code	1800

Establishment units 1 location

Pagodenlaan 115, 1020 Brussel

Site preparation

since 20092.186.056.732

Real-estate footprint Source: CBE × cadastre

Flanders 1 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21819D0016/00V003	Brussels	325 m²	1 · 196 m²	16.9 m · 5 fl.
23643G0372/00X004	Flanders	280 m²	1 · 280 m²	15.9 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 10Filings 10

2025

10-10