CTEC
ActiveSummary
CTEC has been active since 1970 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €310,645 and a net result of €2,534. Equity has been growing by about 16% per year since 2018. Its solvency ranks better than 42% of 9,850 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-09-1970 Normal situation
- Activity
- Wholesale of industrial chemicals NACE 46851and 1 other
- Joint committee
- 207 Paritair Comité voor de bedienden uit de scheikundige nijverheid · annual accounts 2024
- Establishment unit
- 2.152.659.731 2250 Olen, since 01-04-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 14-01-2026
Board and ownership
Board
- KUYSTERS WimDirector · since 27-12-2000
- LW-GROUPDirector · since 01-01-2013 · permanent representative KUYSTERS Luc
- PIPETDirector · since 01-01-2021 · permanent representative Jan Vandevivere
Shareholders
- LW-GROUP100%· score 9230-06-2025 annual accounts of LW-GROUP
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts 2025
- Gross margin
- €654,502
- ▲ 8.2%
- Turnover
- ≈ €3.3m
- estimated
- Profit
- €2,534
- ▼ 96.3%
- Equity
- €310,645
- ▲ 0.8%
- Total assets
- €883,993
- ▲ 26.5%
- Employees on 31-12-2025
- 4
- =
Score breakdownraises risk1 of the last 3 accounts lateProfit of €2,534 (financial year 2025)lowers riskFounded in 1970Size: 4.6 FTE, total assets €883,993Show the evidence
Checked score
Score 2025
84
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 42% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Average
Solvency
60-9
equity 35.1% of total assets
Liquidity
31-10
short-term debt 57.6% · cash 9.0%
Profitability
69-12
return on assets 0.3%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 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: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%▼ -0.1 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 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026lowest value
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.3%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.3%● unchanged vs 07-2026highest value
09-2026: 0.3%● unchanged vs 08-2026highest value
10-2026: 0.3%● unchanged vs 09-2026highest value
11-2026: 0.3%● unchanged vs 10-2026highest value
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.47 (1.6 in 2024), below the usual 1.5. Short-term debt is 57.6% and cash 9% of total assets. 64.9% of the assets are financed with debt and provisions.
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 46, micro). It does better than 44% of them on solvency, 29% on liquidity, 52% on profitability and 44% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 days early
2024
7 days early
2023
61 days late
2022
21 days early
2021
87 days late
2020
17 days early
2019
22 days early
← 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 4 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 July (4 of the last 5 accounts filed within 69 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-06-2026 PDF all 48 filings
Turnover
≈ €3.3m
Estimated: probably between €2.1m and €5.6m
Total assets
€883,993▲ 26.5%
2024 · €698,819
Net result
€2,534▼ 96.3%
2024 · €69,021
Working capital
€237,993▲ 8.0%
2024 · €220,276
In the rankings
#2 oldest company in Olen, Wholesale and retail trade sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€15,540
▼ 85.3%
2025
20182025
Net result
€2,534
▼ 96.3%
2025
middle half of the sector
20182025
Equity
€310,645
▲ 0.8%
2025
middle half of the sector
20182025
Total assets
€883,993
▲ 26.5%
2025
middle half of the sector
20182025
Debt
€573,348
▲ 46.7%
2025
20182025
Working capital
€237,993
▲ 8.0%
2025
middle half of the sector
20182025
Solvency
35.1%
▼ 8.9pp
2025
middle half of the sector
20182025
Current ratio
1.47
▼ 0.13
2025
middle half of the sector
20182025
Return on assets (ROA)
0.3%
▼ 9.6pp
2025
middle half of the sector
20182025
Staff (FTE)
4.6
▲ 15.0%
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€49,522-€14,727▼ 70.3%€63,537▲ 331%€87,370▲ 37.5%€93,294▲ 6.8%€180,260▲ 93.2%€105,971▼ 41.2%€15,540▼ 85.3%
Net result€17,954-€1,907▼ 89.4%€37,095within the sector's middle half▲ 19×€56,653within the sector's middle half▲ 52.7%€46,196within the sector's middle half▼ 18.5%€118,522within the sector's middle half▲ 157%€69,021within the sector's middle half▼ 41.8%€2,534within the sector's middle half▼ 96.3%
Equity€97,240-€99,147▲ 2.0%€136,242within the sector's middle half▲ 37.4%€192,894within the sector's middle half▲ 41.6%€239,091within the sector's middle half▲ 23.9%€239,091within the sector's middle half=€308,112within the sector's middle half▲ 28.9%€310,645within the sector's middle half▲ 0.8%
Total assets€640,991-€579,211▼ 9.6%€572,884within the sector's middle half▼ 1.1%€631,691within the sector's middle half▲ 10.3%€802,172within the sector's middle half▲ 27.0%€757,915within the sector's middle half▼ 5.5%€698,819within the sector's middle half▼ 7.8%€883,993within the sector's middle half▲ 26.5%
Debt€543,751-€480,063▼ 11.7%€436,642▼ 9.0%€438,797▲ 0.5%€563,081▲ 28.3%€518,825▼ 7.9%€390,708▼ 24.7%€573,348▲ 46.7%
Working capital€24,238--€28,869€6,527below the sector's middle half€103,395within the sector's middle half▲ 16×€98,708within the sector's middle half▼ 4.5%€112,878within the sector's middle half▲ 14.4%€220,276within the sector's middle half▲ 95.1%€237,993within the sector's middle half▲ 8.0%
Solvency15.2%-17.1%▲ 1.9pp23.8%within the sector's middle half▲ 6.7pp30.5%within the sector's middle half▲ 6.8pp29.8%within the sector's middle half▼ 0.7pp31.5%within the sector's middle half▲ 1.7pp44.1%within the sector's middle half▲ 12.5pp35.1%within the sector's middle half▼ 8.9pp
Current ratio1.08-0.92▼ 0.161.02below the sector's middle half▲ 0.101.26within the sector's middle half▲ 0.251.20within the sector's middle half▼ 0.071.23within the sector's middle half▲ 0.031.60within the sector's middle half▲ 0.371.47within the sector's middle half▼ 0.13
Return on assets (ROA)2.8%-0.3%▼ 2.5pp6.5%within the sector's middle half▲ 6.1pp9.0%within the sector's middle half▲ 2.5pp5.8%within the sector's middle half▼ 3.2pp15.6%above the sector's middle half▲ 9.9pp9.9%within the sector's middle half▼ 5.8pp0.3%within the sector's middle half▼ 9.6pp
Staff (FTE)4.4-4.4=4.3within the sector's middle half▼ 2.3%3.8within the sector's middle half▼ 11.6%3.8within the sector's middle half=3.3within the sector's middle half▼ 13.2%4within the sector's middle half▲ 21.2%4.6within the sector's middle half▲ 15.0%
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 85% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €883,993
Fixed assets
€136,753 ▲ 24.0%
Current assets
€747,241 ▲ 27.0%
Equity and liabilities €883,993
Equity
€310,645 ▲ 0.8%
Debt
€573,348 ▲ 46.7%
Debt's share of the balance-sheet total rises from 55.9% to 64.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58,404▼
2024 · €168,498
Cash flow
€45,397▼
2024 · €131,548
Quick ratio
0.88▼
2024 · 1.03
Debt to equity
1.85▲
2024 · 1.27
ROE
0.8%▼
2024 · 22.4%
Interest coverage
7.11▼
2024 · 21.87
Debt ≤ 1 year
€509,248▲
2024 · €368,222
Debt > 1 year
€64,100▲
2024 · €22,486
Income taxes
€1,031▼
2024 · €30,743
Staff costs
€587,970▲
2024 · €427,038
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 | 3 | 4 | 3 | 4 | 4 |
| full-time | 3 | 4 | 3 | 4 | 4 |
| part-time | - | - | 0 | 0 | - |
| in full-time equivalents | 3 | 4 | 3 | 4 | 4 |
| Average over the year, in full-time equivalents | 3.8 | 3.8 | 3.3 | 4 | 4.6 |
| On a permanent contract | 3 | 4 | 3 | 4 | 4 |
| Joined | 2 | 1 | 0 | 1 | 5 |
| Left | 2 | 0 | 1 | 0 | 5 |
| Training hours | 132 | - | 25 | 8 | 28 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Pledge on the business | €354,200 | €297,000 | €297,000 | €297,000 | €297,000 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,103 | €135,654 | €21,216 | €39,606 | €103,252 |
| Depreciation and write-downs of the year | €49,907 | €62,130 | €80,457 | €62,527 | €42,863 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 7 entries · €29,550 awarded · €30,847 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 3 | -€12,130 | €8,683 |
| 2024 | 2 | €55 | €20,868 |
| 2023 | 2 | €41,625 | €1,296 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €7,928 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €320,037 | €479,064 | €368,556 | €427,038 | €587,970 | ▲ 37.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61,816 | €53,740 | €54,204 | €49,907 | €62,130 | €80,457 | €62,527 | €42,863 | ▼ 31.4% |
| Other operating charges640/8 | - | - | - | €5,297 | €5,090 | €8,796 | €7,461 | €8,128 | ▲ 8.9% |
| Non-recurring operating charges66A | - | - | - | €4,143 | - | €0 | €1,942 | - | - |
| Gross operating margin9900 | €407,777 | €397,624 | €480,868 | €466,754 | €639,579 | €638,069 | €604,939 | €654,502 | ▲ 8.2% |
| Operating profit (loss)9901 | €49,522 | €14,727 | €63,537 | €87,370 | €93,294 | €180,260 | €105,971 | €15,540 | ▼ 85.3% |
| Financial income75/76B | - | - | - | €1,387 | €2,794 | €273 | €1,498 | €195 | ▼ 87.0% |
| Recurring financial income75 | €793 | €1,729 | €449 | €1,387 | €2,794 | €273 | €1,498 | €195 | ▼ 87.0% |
| Financial charges65/66B | - | - | - | €6,091 | €25,661 | €12,000 | €7,706 | €12,170 | ▲ 57.9% |
| Recurring financial charges65 | €19,366 | €8,594 | €7,811 | €6,091 | €7,741 | €12,000 | €7,706 | €8,213 | ▲ 6.6% |
| Non-recurring financial charges66B | - | - | - | - | €17,920 | - | - | €3,958 | - |
| Profit (loss) for the period before taxes9903 | €30,949 | €7,123 | €56,176 | €82,666 | €70,427 | €168,533 | €99,764 | €3,564 | ▼ 96.4% |
| Income taxes67/77 | €12,995 | €5,216 | €19,081 | €26,014 | €24,231 | €50,011 | €30,743 | €1,031 | ▼ 96.6% |
| Profit (loss) for the period9904 | €17,954 | €1,907 | €37,095 | €56,653 | €46,196 | €118,522 | €69,021 | €2,534 | ▼ 96.3% |
| Profit (loss) for the period to be appropriated9905 | €17,954 | €1,907 | €37,095 | €56,653 | €46,196 | €118,522 | €69,021 | €2,534 | ▼ 96.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €640,991 | €579,211 | €572,884 | €631,691 | €802,172 | €757,915 | €698,819 | €883,993 | ▲ 26.5% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €301,527 | €241,068 | €188,388 | €136,536 | €206,425 | €147,184 | €110,321 | €136,753 | ▲ 24.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €301,527 | €241,068 | €188,388 | €136,536 | €206,425 | €147,184 | €110,321 | €136,753 | ▲ 24.0% |
| Plant, machinery and equipment23 | - | - | - | €102,808 | €93,549 | €52,444 | €20,542 | €18,257 | ▼ 11.1% |
| Furniture and vehicles24 | - | - | - | €13,557 | €98,204 | €85,567 | €85,002 | €110,058 | ▲ 29.5% |
| Other tangible fixed assets26 | - | - | - | €20,171 | €14,672 | €9,173 | €4,777 | €8,438 | ▲ 76.6% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €339,465 | €338,143 | €384,496 | €495,155 | €595,747 | €610,731 | €588,498 | €747,241 | ▲ 27.0% |
| Stocks and contracts in progress3 | €182,435 | €142,714 | €118,249 | €157,338 | €234,882 | €251,324 | €209,005 | €299,815 | ▲ 43.4% |
| Stocks30/36 | - | - | - | €157,338 | €234,882 | €251,324 | €209,005 | €299,815 | ▲ 43.4% |
| Amounts receivable within one year40/41 | €143,059 | €163,196 | €205,888 | €192,166 | €275,905 | €258,796 | €279,873 | €366,723 | ▲ 31.0% |
| Trade receivables40 | - | - | - | €186,538 | €257,160 | €251,557 | €273,774 | €315,025 | ▲ 15.1% |
| Other amounts receivable41 | - | - | - | €5,628 | €18,746 | €7,239 | €6,099 | €51,697 | ▲ 748% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €13,971 | €32,233 | €60,359 | €145,651 | €84,960 | €100,611 | €99,620 | €79,305 | ▼ 20.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €1,397 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €640,991 | €579,211 | €572,884 | €631,691 | €802,172 | €757,915 | €698,819 | €883,993 | ▲ 26.5% |
| Equity10/15 | €97,240 | €99,147 | €136,242 | €192,894 | €239,091 | €239,091 | €308,112 | €310,645 | ▲ 0.8% |
| Contributions10/11 | €30,987 | €30,987 | - | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €66,254 | €68,161 | €105,255 | €161,908 | €208,104 | €208,104 | €277,125 | €279,659 | ▲ 0.9% |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | - | - | - | €158,809 | €205,005 | €205,005 | €274,026 | €276,560 | ▲ 0.9% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | €0 | €0 | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €543,751 | €480,063 | €436,642 | €438,797 | €563,081 | €518,825 | €390,708 | €573,348 | ▲ 46.7% |
| Amounts payable after more than one year17 | €223,195 | €112,727 | €58,673 | €25,263 | €66,043 | €20,498 | €22,486 | €64,100 | ▲ 185% |
| Financial debts170/4 | - | - | - | €25,263 | €66,043 | €20,498 | €22,486 | €64,100 | ▲ 185% |
| Amounts payable within one year42/48 | €315,226 | €367,011 | €377,969 | €391,761 | €497,038 | €497,853 | €368,222 | €509,248 | ▲ 38.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €33,410 | €91,967 | €45,544 | €28,254 | €29,166 | ▲ 3.2% |
| Financial debts43 | - | - | - | €100,000 | €137,000 | €100,000 | €0 | €187,000 | - |
| Credit institutions430/8 | - | - | - | €100,000 | €137,000 | €100,000 | €0 | €187,000 | - |
| Trade debts44 | €90,756 | €74,193 | €133,348 | €155,733 | €181,595 | €167,251 | €268,170 | €225,714 | ▼ 15.8% |
| Suppliers440/4 | - | - | - | €155,733 | €181,595 | €167,251 | €268,170 | €225,714 | ▼ 15.8% |
| Advances received on contracts in progress46 | - | - | - | €44,720 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €57,897 | €86,476 | €66,535 | €71,798 | €67,368 | ▼ 6.2% |
| Taxes450/3 | - | - | - | €21,358 | €24,668 | €23,214 | €5,662 | €3,311 | ▼ 41.5% |
| Remuneration and social security454/9 | - | - | - | €36,540 | €61,808 | €43,321 | €66,136 | €64,057 | ▼ 3.1% |
| Other amounts payable47/48 | - | - | - | - | - | €118,522 | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €21,774 | - | €473 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,954 | €1,907 | €37,095 | €56,653 | €46,196 | €118,522 | €69,021 | €2,534 | ▼ 96.3% |
| + Depreciation and write-downs630 | €61,816 | €53,740 | €54,204 | €49,907 | €62,130 | €80,457 | €62,527 | €42,863 | ▼ 31.4% |
| Operating cash flow (approximation) | €79,770 | €55,647 | €91,299 | €106,559 | €108,327 | €198,979 | €131,548 | €45,397 | ▼ 65.5% |
| Investment in fixed assets (approximation) | - | €6,719 | -€1,524 | €1,945 | -€132,019 | -€21,216 | -€25,664 | -€69,295 | ▼ 170% |
| Change in cash | - | €18,262 | €28,126 | €85,293 | -€60,692 | €15,651 | -€991 | -€20,315 | ▼ 1,950% |
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, 17,041 companies had the same profile as CTEC has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CTEC itself: 0.3% 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 17,041 companies, not a prediction for CTEC. 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 48 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 09-06-2026 | 2026-00149174 | |
| 31-12-2024 | abbreviated format | 24-07-2025 | 2025-00302357 | |
| 31-12-2023 | abbreviated format | 30-09-2024 | 2024-00480310 | |
| 31-12-2022 | abbreviated format | 10-07-2023 | 2023-00225306 | |
| 31-12-2021 | abbreviated format | 26-10-2022 | 2022-20473600 | |
| 31-12-2020 | abbreviated format | 14-07-2021 | 2021-34800207 | |
| 31-12-2019 | abbreviated format | 09-07-2020 | 2020-27700063 | |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-25100127 | |
| 31-12-2017 | abbreviated format | 13-07-2018 | 2018-34000482 | |
| 31-12-2016 | abbreviated format | 04-07-2017 | 2017-27300147 |
Board & ownership
Directors
Directors
3 directors, last change in 2024
Board 3
KUYSTERS Wim
Current
Director · since 27-12-2000 · term without a fixed end · listed in the 2025 annual accounts, filed on 09-06-2026
LW-GROUP
Current
Director · since 01-01-2013 · term without a fixed end · Private limited company · permanent representative: KUYSTERS Luc · listed in the 2025 annual accounts, filed on 09-06-2026
PIPET
Current
Director · since 01-01-2021 · term without a fixed end · Limited partnership · permanent representative: Jan Vandevivere · also on the board of 4 other companies · listed in the 2025 annual accounts, filed on 09-06-2026
Permanent representatives 2
Jan Vandevivere
Current
Permanent representative · in office according to the act of 02-06-2023 · for PIPET
KUYSTERS Luc
Current
Permanent representative · in office according to the act of 02-06-2023 · for LW-GROUP
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“11.3. Vertegenwoordiging Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Wat…”
deed of 02-06-2023Owners and capital
Shareholders
1 ownerChain of control
Owners 1
- LW-GROUPparentEquity €2.4m Profit of €12,689 in 2025 (profit of €194,724 in 2024) Checked score 92100%
Capital transactions
Capital over time
- 02-06-2023 Capital stated in the deed · €3,098.66 · 25,000 shares
Mandate history
4 people, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KUYSTERS Wim |
|
| LW-GROUP |
|
| PIPET |
|
| B.V.M. Fermont Holding |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Beraadslagende vergaderingen, meerderheid van bestuurders aanwezig”“Rekening courant of anderszins, minstens 1 bestuurder aangeduid door LW-GROUP en minstens 1 door PIPET hetzij M. Fermont Holding”“Bestuursorgaan kan lid tot voorzitter benoemen, eenparig schriftelijk akkoord alle bestuurders”“Bestuursorgaan stelt eventuele bezoldiging vast, alleen of gezamenlijk zoals bestuursorgaan bepaalt”“Collegiaal bestuursorgaan, 4”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “25000, elk recht op gelijk aandeel in winst en vereffeningssaldo”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Besluit met bijzondere wettelijke voorschriften en bijzondere aanwezigheids- en meerderheidsvereisten, algemene vergadering”
Articles of association, deed of 02-06-2023 (in Dutch)
Network & group
Companies at the same address
7 other companies- Laborex United Registered office · since 2024 1015707883
- Unicove Registered office · since 2024 1005301961
- Laborex Group Registered office · since 2024 1004665226
- BTW-Groep LW p/a Laborex BVBA Registered office · since 2009 0808519249
- FE+ Registered office · since 2006 0881272912
- Laborex Registered office · since 2001 0404266603
- Patriven Registered office · since 2001 0447429326
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
FE+
Shared corporate director
→
Laborex
Shared corporate director
→
Laborex Group
Shared corporate director
→
Unicove
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
09-06
abbreviated format · 52 days before the deadline
2025
24-07
abbreviated format · 7 days before the deadline
2024
30-09
abbreviated format · 61 days late
08-03
Gazette deed
Resignation: M. Fermont Holding B.V. (director)Permanent representative: Marcel Fermont4 points ▸
Gazette deed
Resignation: M. Fermont Holding B.V. (director)
Permanent representative: Marcel Fermont4 points ▸
- General meeting, 30-01-2024
- Director resignation, M. Fermont Holding B.V. (director)
- Permanent representative, Marcel Fermont
- Other provision, “bevoegde Ondernemingsrechtbank, griffie” (deed in Dutch)
2023
31-12
Financial
Highest result from 2018 to 2025net €118,522 ▲157%
The operating result of €180,260 and the net result of €118,522 are both a record.
10-07
abbreviated format · 21 days before the deadline
02-06
Gazette deed
1 director appointed, 3 reappointedReappointments: LW-GROUP, PIPET and KUYSTERS Wim · Permanent representatives: KUYSTERS Luc, Jan Vandevivere and FERMONT Clement · Appointment: M. Fermont Holding B.V. (additional director)20 points ▸
Gazette deed
1 director appointed, 3 reappointed
Reappointments: LW-GROUP, PIPET and KUYSTERS Wim · Permanent representatives: KUYSTERS Luc, Jan Vandevivere and FERMONT Clement · Appointment: M. Fermont Holding B.V. (additional director)20 points ▸
- Other provision, “machtiging verdere administratieve formaliteiten”, 15 (deed in Dutch)
- General meeting, 23-05-2023
- Amendment of the articles, “WVV” (deed in Dutch)
- Other provision, “statutair onbeschikbaar eigen vermogen, vaststelling en gedeeltelijk beschikbaar maken voor toekomstige uitkeringen” (deed in Dutch)
- Registered office clause, “Vlaams Gewest, 2250 Olen,Hagelberg 15” (deed in Dutch)
- Other provision, “info@ctec.be, e-mailadres” (deed in Dutch)
- Other provision, website, “www.ctec-chemicals.com/nl” (deed in Dutch)
- Other provision, 25000, “vermenigvuldiging aandelen” (deed in Dutch)
- Director reappointment, LW-GROUP (director)
- Permanent representative, KUYSTERS Luc
- Director reappointment, PIPET (director)
- Permanent representative, Jan Vandevivere
- The act holds 8 more points.
26-05
Gazette deed
Appointment: B.V.M.Fermont Holding (director)Permanent representative: Marcel Fermont3 points ▸
Gazette deed
Appointment: B.V.M.Fermont Holding (director)
Permanent representative: Marcel Fermont3 points ▸
- General meeting, 09-05-2023
- Director appointment, B.V.M.Fermont Holding (director)
- Permanent representative, Marcel Fermont
2022
31-12
Financial
Equity above €200,000equity €239,091 ▲23.9%
With a profit in every financial year since 2018, equity grows to €239,091.
26-10
abbreviated format · 87 days late
2021
31-12
Financial
Equity above €150,000equity €192,894 ▲41.6%
With a profit in every financial year since 2018, equity grows to €192,894.
14-07
abbreviated format · 17 days before the deadline
Show earlier events
2020
31-12
Financial
Equity above €100,000equity €136,242 ▲37.4%
With a profit in every financial year since 2018, equity grows to €136,242.
09-07
abbreviated format · 22 days before the deadline
2019
31-12
Financial
Weakest financial yearnet €1,907 ▼89.4%
The net result drops to €1,907, the lowest from 2018 to 2025. It recovers the following year.
01-07
abbreviated format · 30 days before the deadline
2018
13-07
abbreviated format · 18 days before the deadline
2017
04-07
abbreviated format · 27 days before the deadline
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CTEC in Dutch
Enterprise number
0407.326.556
Legal form
Private limited company
Status
Active, normale toestand
Founded
17-09-1970
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-06-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, nauwkeurige aanduiding zetel en woord rechtspersonenregister of RPR met rechtbank zetel en ondernemingsnummer steeds op…”
deed of 02-06-2023 (in Dutch)Registered office and establishments
Registered office
Hagelberg 15, 2250 Olen, Belgium
Establishment unit
DST BENELUX, Hagelberg 15, 2250 Olen since 01-04-2006 · unit number 2.152.659.73146130 Agents in the wholesale of timber and building materials
Activities
NACEBEL 2025VAT activities
46851
Wholesale of industrial chemicals main activity
Social security (RSZ) activities
46130
Agents in the wholesale of timber and building materials main activity
Codes under NACEBEL 2008
VAT activities
46751
Wholesale trade main activity
Social security (RSZ) activities
46130
Wholesale trade main activity
Codes under NACEBEL 2003
51550
main activity
Joint committee
207 Paritair Comité voor de bedienden uit de scheikundige nijverheid annual accounts 2024
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 02-06-2023 (in Dutch)
“Het kopen en verkopen,huren en verhuren,fabricatie,import en export,zowel in het groot als in het klein van alle mogelijke industriële…”
6 activities
- Het kopen en verkopen,huren en verhuren,fabricatie,import en export,zowel in het groot als in het klein van alle mogelijke industriële uitrustingen,goederen en toeleveringen,dit zowel als grondstof dan als halffabricaat of afgewerkt product.
- Zij zal zowel voor eigen rekening als voor rekening van derden mogen handelen.
- De vennootschap zal haar voorwerp mogen verwezenlijken op alle plaatsen of gelijk welke wijze en volgens de modaliteiten die haar het best geschikt lijken.
- Zij zal in het algemeen alle commerciële,industriële,financiële,roerende en onroerende verrichtingen mogen doen,die rechtstreeks of onrechtstreeks,geheel of gedeeltelijk verband houden met haar voorwerp of die van aard zijn de verwezenlijking ervan te vergemakkelijken of uit te breiden.
- Zij zal belang mogen stellen door inbreng,fusie,inschrijving of op alle andere wijzen in ondernemingen,verenigingen of vennootschappen,die voor een deel of in het geheel een zelfde of gelijkaardig voorwerp nastreven.
- De vennootschap zal alle roerende en onroerende goederen,materialen en inrichtingen mogen aankopen,in pand nemen,huren,bouwen,verkopen of ruilen.
Invoicing and payment
VAT number
BE 0407.326.556
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 18:00
deed of 02-06-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
8,308 m²
Building footprint
4,505 m²
Building volume
30,360 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13029E0531/00F000 | Flanders | 8,308 m² | 1 · 4,505 m² | 8.6 m · 2 |