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DrivE Tech

Active
Private limited companyfounded 20214 yrs activeKlein Lafeltstraat 46, 3770 Riemst, BelgiumKBO/BCE: BE 0778.815.968
Summary

DrivE Tech has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €58,174 and a net result of -€15,337. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 64% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2024
59 / 100
Fair
A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-80
Solvency94▲+15
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity ample (current ratio 3.69 against 2.66 in 2023; short-term debt: 10.3% and cash: 23.2% of total assets), and 31.4% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
68.6%
Return on assets
-18.1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
122 d late
2023
61 d late
2022
427 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 203 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

DrivE Tech was incorporated on 20 December 2021 as a Private limited company.1 Total assets fell from EUR 120,287 in 2022 to EUR 84,807 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€58,174▼ 20.9%
2023 · €73,510
Total assets
€84,807▼ 37.5%
2023 · €135,670
Net result
-€15,337
2023 · €12,407
Working capital
€23,529▼ 62.4%
2023 · €62,516
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
Line202220232024
Operating result€75,248-€18,335▼ 75.6%-€14,842
Net result€59,403-€12,407▼ 79.1%-€15,337
Equity€61,103-€73,510▲ 20.3%€58,174▼ 20.9%
Total assets€120,287-€135,670▲ 12.8%€84,807▼ 37.5%
Debt€59,184-€62,160▲ 5.0%€26,633▼ 57.2%
Working capital€48,317-€62,516▲ 29.4%€23,529▼ 62.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€25,000€0€25,000€50,000€75,000Operating result 2022: €75,248€75,248Net result 2022: €59,403€59,403Operating result 2023: €18,335€18,335Net result 2023: €12,407€12,407Operating result 2024: -€14,842-€14,842Net result 2024: -€15,337-€15,337202220232024-€25,000€0€25,000€50,000€75,000Operating result 2022: €75,248€75,200Net result 2022: €59,403€59,400Operating result 2023: €18,335€18,300Net result 2023: €12,407€12,400Operating result 2024: -€14,842-€14,800Net result 2024: -€15,337-€15,300202220232024
The operating result turns negative in 2024: a loss of €14,842 after €18,335 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €84,807
Fixed assets €52,522 ▲ 47.8%
Current assets €32,285 ▼ 67.8%
Equity and liabilities €84,807
Equity €58,174 ▼ 20.9%
Debt €26,633 ▼ 57.2%
Debt's share of the balance-sheet total falls from 45.8% to 31.4%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€5,033▼
2023 · €27,917
Cash flow
-€5,528▼
2023 · €21,989
Current ratio
3.69▲
2023 · 2.66
Debt to equity
0.46▼
2023 · 0.85
ROE
-26.4%▼
2023 · 16.9%
ROA
-18.1%▼
2023 · 9.1%
Interest coverage
-8.27▼
2023 · 18.13
Debt ≤ 1 year
€8,756▼
2023 · €37,610
Debt > 1 year
€17,878▼
2023 · €24,550
Income taxes
€175▼
2023 · €4,388
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,225 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.9% went bankrupt
8.6% stopped otherwise
87% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,225 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€135,670€84,807▼
Fixed assets21/28€35,545€52,522▲
Tangible fixed assets22/27€35,545€52,522▲
Land and buildings22-€2,851
Furniture and vehicles24€35,545€49,671▲
Current assets29/58€100,126€32,285▼
Amounts receivable within one year40/41€5,982€12,138▲
Trade receivables40€2,105€2,105=
Other amounts receivable41€3,877€10,034▲
Cash at bank and in hand54/58€94,144€19,710▼
Deferred charges and accrued income490/1-€437
Equity and liabilities
Total equity and liabilities10/49€135,670€84,807▼
Equity10/15€73,510€58,174▼
Contributions10/11€1,700€1,700=
Profit (loss) carried forward14€71,810€56,474▼
Amounts payable17/49€62,160€26,633▼
Amounts payable after more than one year17€24,550€17,878▼
Financial debts170/4€24,550€17,878▼
Amounts payable within one year42/48€37,610€8,756▼
Current portion of amounts payable after more than one year42€7,791€6,672▼
Trade debts44€3,408€1,909▼
Suppliers440/4€3,408€1,909▼
Taxes, remuneration and social security45€23,364€175▼
Taxes450/3€23,364€175▼
Other amounts payable47/48€3,048-
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,582€9,809▲
Other operating charges640/8€62€62=
Gross operating margin9900€27,979-€4,971▼
Operating profit (loss)9901€18,335-€14,842▼
Financial income75/76B-€288
Recurring financial income75-€288
Financial charges65/66B€1,540€608▼
Recurring financial charges65€1,540€608▼
Profit (loss) for the period before taxes9903€16,796-€15,162▼
Income taxes67/77€4,388€175▼
Profit (loss) for the period9904€12,407-€15,337▼
Profit (loss) for the period to be appropriated9905€12,407-€15,337▼
Appropriation of the result
Profit (loss) to be appropriated9906€71,810€56,474▼
Profit (loss) brought forward from the previous period14P€59,403€71,810▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,783€9,582€9,809▲ 2.4%
Other operating charges640/8€75€62€62=
Non-recurring operating charges66A€4,639---
Gross operating margin9900€82,745€27,979-€4,971▼ 118%
Operating profit (loss)9901€75,248€18,335-€14,842▼ 181%
Financial income75/76B€0-€288-
Recurring financial income75€0-€288-
Financial charges65/66B€403€1,540€608▼ 60.5%
Recurring financial charges65€403€1,540€608▼ 60.5%
Profit (loss) for the period before taxes9903€74,846€16,796-€15,162▼ 190%
Income taxes67/77€15,443€4,388€175▼ 96.0%
Profit (loss) for the period9904€59,403€12,407-€15,337▼ 224%
Profit (loss) for the period to be appropriated9905€59,403€12,407-€15,337▼ 224%
Line202220232024Change
Assets
Total assets20/58€120,287€135,670€84,807▼ 37.5%
Fixed assets21/28€45,127€35,545€52,522▲ 47.8%
Tangible fixed assets22/27€45,127€35,545€52,522▲ 47.8%
Land and buildings22--€2,851-
Furniture and vehicles24€45,127€35,545€49,671▲ 39.7%
Current assets29/58€75,160€100,126€32,285▼ 67.8%
Amounts receivable within one year40/41€3,877€5,982€12,138▲ 103%
Trade receivables40€3,877€2,105€2,105=
Other amounts receivable41-€3,877€10,034▲ 159%
Cash at bank and in hand54/58€70,969€94,144€19,710▼ 79.1%
Deferred charges and accrued income490/1€313-€437-
Equity and liabilities
Total equity and liabilities10/49€120,287€135,670€84,807▼ 37.5%
Equity10/15€61,103€73,510€58,174▼ 20.9%
Contributions10/11€1,700€1,700€1,700=
Profit (loss) carried forward14€59,403€71,810€56,474▼ 21.4%
Amounts payable17/49€59,184€62,160€26,633▼ 57.2%
Amounts payable after more than one year17€32,340€24,550€17,878▼ 27.2%
Financial debts170/4€32,340€24,550€17,878▼ 27.2%
Amounts payable within one year42/48€26,843€37,610€8,756▼ 76.7%
Current portion of amounts payable after more than one year42€7,470€7,791€6,672▼ 14.4%
Trade debts44€634€3,408€1,909▼ 44.0%
Suppliers440/4€634€3,408€1,909▼ 44.0%
Taxes, remuneration and social security45€15,443€23,364€175▼ 99.3%
Taxes450/3€15,443€23,364€175▼ 99.3%
Other amounts payable47/48€3,297€3,048--
Line202220232024Change
Profit (loss) for the period9904€59,403€12,407-€15,337▼ 224%
+ Depreciation and write-downs630€2,783€9,582€9,809▲ 2.4%
Operating cash flow (approximation)€62,186€21,989-€5,528▼ 125%
Investment in fixed assets (approximation)-€0-€26,786-
Change in cash-€23,174-€74,434▼ 421%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-11
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 122 days late
2024
31-12
Financial Weakest financial yearnet -€15,337
Net result drops to -€15,337, the lowest in the series.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
30-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 427 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Riemst · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
507 m²
Building footprint
108 m²
Volume, LiDAR
655 m³
Parcel 73066A0569/00K002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DrivE Tech
Klein Lafeltstraat 46, 3770 RiemstIT consultancy
since 20212.325.490.272
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73066A0569/00K002 Flanders 507 m² 1 · 108 m² 9.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

87550053EP5ZORCHGJ43
live in the LEI register

Similar companies · same sector, comparable size

Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,000 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
Founded20-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Not found in the Peppol register

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Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.