DiffTech
ActiveSummary
DiffTech has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €293k and a net result of €53k. Equity is growing by ~30.7% per year across the filed fiscal years. Its solvency ranks better than 94% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability89▼-6
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 9.36 against 6.06 in 2023; short-term debt: 9.9% and cash: 58.2% of total assets), and 9.9% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
90.1%
Return on assets
16.2%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
26 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
52 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€293k▲ 5.9%
2023 · €277k
Total assets
€325k▼ 4.4%
2023 · €340k
Net result
€53k▼ 25.0%
2023 · €70k
Working capital
€269k▲ 9.5%
2023 · €246k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€66k▲ 4.3%€49k▼ 26.4%€94k▲ 92.9%€99k▲ 5.8%€73k▼ 26.9%
Net result€46k▲ 4.3%€33k▼ 27.9%€69k▲ 108%€70k▲ 1.7%€53k▼ 25.0%
Equity€119k▲ 43.6%€137k▲ 15.3%€206k▲ 50.5%€277k▲ 34.1%€293k▲ 5.9%
Total assets€237k▲ 38.4%€238k▲ 0.6%€268k▲ 12.4%€340k▲ 27.1%€325k▼ 4.4%
Debt€118k▲ 33.6%€101k▼ 14.2%€61k▼ 39.2%€64k▲ 3.6%€32k▼ 49.5%
Working capital€97k▲ 34.1%€112k▲ 15.5%€172k▲ 54.0%€246k▲ 42.8%€269k▲ 9.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 27% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €325k
Fixed assets
€24k ▼ 48.0%
Current assets
€301k ▲ 2.4%
Equity and liabilities €325k
Equity
€293k ▲ 5.9%
Debt
€32k ▼ 49.5%
Debt's share of the balance-sheet total falls from 18.7% to 9.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€90k▼
2023 · €117k
Cash flow
€71k▼
2023 · €88k
Current ratio
9.36▲
2023 · 6.06
Quick ratio
9.04▲
2023 · 6.06
Debt to equity
0.11▼
2023 · 0.23
ROE
18.0%▼
2023 · 25.4%
ROA
16.2%▼
2023 · 20.7%
Interest coverage
243.33▲
2023 · 163.98
Debt ≤ 1 year
€32k▼
2023 · €49k
Income taxes
€20k▼
2023 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €27k | €19k | €18k | €18k | ▲ 0.6% |
| Other operating charges640/8 | - | €3k | €2k | €4k | €2k | ▼ 58.2% |
| Non-recurring operating charges66A | - | - | €252 | - | €2k | - |
| Gross operating margin9900 | €83k | €78k | €116k | €121k | €93k | ▼ 22.6% |
| Operating profit (loss)9901 | €66k | €49k | €94k | €99k | €73k | ▼ 26.9% |
| Financial income75/76B | - | €0 | €3k | €0 | €832 | ▲ 2,771,600% |
| Recurring financial income75 | €55 | €0 | €3k | €0 | €832 | ▲ 2,771,600% |
| Financial charges65/66B | - | €948 | - | €714 | €371 | ▼ 48.0% |
| Recurring financial charges65 | €936 | €948 | - | €714 | €371 | ▼ 48.0% |
| Profit (loss) for the period before taxes9903 | €65k | €48k | €97k | €99k | €73k | ▼ 25.9% |
| Income taxes67/77 | €19k | €15k | €28k | €28k | €20k | ▼ 28.3% |
| Profit (loss) for the period9904 | €46k | €33k | €69k | €70k | €53k | ▼ 25.0% |
| Profit (loss) for the period to be appropriated9905 | €46k | €33k | €69k | €70k | €53k | ▼ 25.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €237k | €238k | €268k | €340k | €325k | ▼ 4.4% |
| Fixed assets21/28 | €87k | €71k | €64k | €46k | €24k | ▼ 48.0% |
| Tangible fixed assets22/27 | €86k | €70k | €60k | €42k | €20k | ▼ 52.4% |
| Plant, machinery and equipment23 | - | €3k | €1k | €979 | €463 | ▼ 52.7% |
| Furniture and vehicles24 | - | €8k | €15k | €13k | €6k | ▼ 52.9% |
| Leasing and similar rights25 | - | €58k | €43k | €28k | €14k | ▼ 52.1% |
| Other tangible fixed assets26 | - | €503 | €378 | €252 | €126 | ▼ 50.0% |
| Financial fixed assets28 | €1k | €1k | €4k | €4k | €4k | = |
| Current assets29/58 | €150k | €167k | €204k | €294k | €301k | ▲ 2.4% |
| Amounts receivable after more than one year29 | - | €7k | €5k | €61k | €61k | = |
| Other amounts receivable291 | - | €7k | €5k | €61k | €61k | = |
| Stocks and contracts in progress3 | - | - | - | - | €11k | - |
| Stocks30/36 | - | - | - | - | €11k | - |
| Amounts receivable within one year40/41 | €26k | €28k | €28k | €63k | €40k | ▼ 35.3% |
| Trade receivables40 | - | €24k | €21k | €51k | €25k | ▼ 51.1% |
| Other amounts receivable41 | - | €4k | €7k | €12k | €16k | ▲ 32.1% |
| Cash at bank and in hand54/58 | €111k | €131k | €168k | €168k | €189k | ▲ 12.6% |
| Deferred charges and accrued income490/1 | - | €2k | €3k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €237k | €238k | €268k | €340k | €325k | ▼ 4.4% |
| Equity10/15 | €119k | €137k | €206k | €277k | €293k | ▲ 5.9% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Reserves13 | €113k | €131k | €200k | €270k | €287k | ▲ 6.1% |
| Distributable reserves133 | - | €131k | €200k | €270k | €287k | ▲ 6.1% |
| Amounts payable17/49 | €118k | €101k | €61k | €64k | €32k | ▼ 49.5% |
| Amounts payable after more than one year17 | €64k | €45k | €29k | €15k | - | - |
| Financial debts170/4 | - | €45k | €29k | €15k | - | - |
| Amounts payable within one year42/48 | €53k | €55k | €32k | €49k | €32k | ▼ 33.8% |
| Current portion of amounts payable after more than one year42 | - | €19k | €14k | €14k | €15k | ▲ 4.7% |
| Trade debts44 | €10k | €13k | €10k | €15k | €9k | ▼ 40.4% |
| Suppliers440/4 | - | €13k | €10k | €15k | €9k | ▼ 40.4% |
| Taxes, remuneration and social security45 | - | €8k | €8k | €20k | €8k | ▼ 57.2% |
| Taxes450/3 | - | €8k | €8k | €20k | €8k | ▼ 57.2% |
| Other amounts payable47/48 | - | €15k | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €766 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €33k | €69k | €70k | €53k | ▼ 25.0% |
| + Depreciation and write-downs630 | €14k | €27k | €19k | €18k | €18k | ▲ 0.6% |
| Operating cash flow (approximation) | €60k | €60k | €89k | €88k | €71k | ▼ 19.9% |
| Investment in fixed assets (approximation) | - | €-11k | €-12k | €0 | €4k | - |
| Change in cash | - | €20k | €37k | €-434 | €21k | ▲ 4,966% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €70k ▲1.7%
Operating result €99k, net result €70k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 6.38
Current ratio from 3.02 to 6.38; short-term debt falls from €55k to €32k.
31-12
Financial
Equity above €200kEq €206k ▲50.5%
5 profitable years in a row build equity to €206k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €33k ▼27.9%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €100kEq €119k ▲43.6%
3 profitable years in a row build equity to €119k.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Bilzen-Hoeselt · 2 establishment units since 2008
Ground area
574 m²
Building footprint
238 m²
Volume, LiDAR
1,509 m³
2 parcels, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
DiffTech
since 20082.167.449.261
DiffTech
since 20182.277.399.157
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0323/00N003 | Flanders | 344 m² | 1 · 137 m² | 10.5 m · 2 fl. |
| 73006C0484/00P000 | Flanders | 230 m² | 1 · 100 m² | 10.2 m · 3 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.
Similar companies · same sector, comparable size
EWB Technics
BE 0645.705.442
Aarschot · Eq €293,043
ELEKTRICITEITS- EN BOUWRENOVATIEWERKEN NIEK DE BAERE
BE 0835.243.145
Maldegem · Eq €292,836
ELECTRO VAN ROYEN
BE 0460.912.128
Temse · Eq €293,264
HUBERT COURCELLES
BE 0476.150.828
Mouscron · Eq €292,700
RSQUARE
BE 0878.359.744
Genappe · Eq €292,651
Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 7,636 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
Founded20-12-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
77110Renting and leasing of cars and light motor vehicles
77210Renting and leasing of sports and recreation goods
Contact
Website
www.difftech.be
E-mail
info@difftech.be
Scores and ratios are computed by Checked and are not a credit decision.