END-TECH

Active

Private limited companyfounded 20169 yrs activeBoeyenstraat 14, 3600 Genk, BelgiumKBO/BCE: BE 0662.777.640

END-TECH has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €122k and a net result of €9k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 54% of 1630 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

87 / 100

Excellent▼ -8 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability44▼-11

Solvency95=

Growth36▲+1

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity ample (current ratio 2.98 against 2.93 in 2023), but 50% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 33

Relative position

BE, all sectors

reference

Sector 33

higher

← fewer bankruptcies more bankruptcies →

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 03-12-2025, 125 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 · 8 filings

Deviation from the deadline

2025

not confirmed

2024

125 d late

2023

148 d late

2022

163 d late

2021

12 d late

2020

102 d late

2019

17 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Turnover

€252k▼ 6.5%

2023 · €269k

2022: €306k 2023: €269k

2022 → 2024

EBIT margin

4.4%▼ 1.9pp

2023 · 6.3%

2022: 5.8% 2023: 6.3%

2022 → 2024

Net result

€9k▼ 15.8%

2023 · €10k

2018: €25k 2019: €26k 2020: €15k 2021: €17k 2022: €9k 2023: €10k

2018 → 2024

Working capital

€153k▲ 27.2%

2023 · €121k

2018: €15k 2019: €31k 2020: €51k 2021: €51k 2022: €107k 2023: €121k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Turnover€306k€269k▼ 12.0%€252k▼ 6.5%

Equity€70k-€87k▲ 24.2%€96k▲ 10.4%€106k▲ 10.9%€122k▲ 15.4%

Operating result€15k-€21k▲ 38.1%€18k▼ 16.0%€17k▼ 3.3%€11k▼ 34.9%

Net result€15k-€17k▲ 13.8%€9k▼ 46.7%€10k▲ 15.8%€9k▼ 15.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2024 is 35% below 2023 and is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €245k

94.4%

Fixed assets €14k▼ 54.6%

Current assets €231k▲ 26.2%

Equity and liabilities €245k

50.0%

Equity €122k▲ 15.4%

Debt €122k▲ 14.0%

The debt ratio falls from 50.3% to 50.0%: equity grows faster than debt.

Key figures and ratios

2024 value · change against 2023

EBITDA

€28k▼

2023 · €38k

Cash flow

€25k▼

2023 · €32k

Solvency

50.0%▲

2023 · 49.7%

Current ratio

2.98▲

2023 · 2.93

Quick ratio

2.98▲

2023 · 2.93

Debt / equity

1.00▼

2023 · 1.01

ROE

7.2%▼

2023 · 9.8%

ROA

3.6%▼

2023 · 4.9%

Interest coverage

11.85▼

2023 · 18.86

Debt

€122k▲

2023 · €107k

Debt ≤ 1 year

€78k▲

2023 · €63k

Debt > 1 year

€45k=

2023 · €45k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€213k€245k▲

Fixed assets21/28€30k€14k▼

Tangible fixed assets22/27€30k€13k▼

Furniture and vehicles24€30k€13k▼

Financial fixed assets28€380€380=

Current assets29/58€183k€231k▲

Amounts receivable within one year40/41€173k€223k▲

Trade receivables40€172k€148k▼

Other amounts receivable41€1k€74k▲

Cash at bank and in hand54/58€7k€2k▼

Deferred charges and accrued income490/1€4k€6k▲

Equity and liabilities

Total equity and liabilities10/49€213k€245k▲

Equity10/15€106k€122k▲

Contributions10/11€3k€3k=

Capital10-€3k

Issued capital100-€3k

Reserves13€10k€10k=

Non-distributable reserves130/1€893€893=

Reserves not available under the articles1311€893€893=

Distributable reserves133€9k€9k=

Profit (loss) carried forward14€93k€109k▲

Amounts payable17/49€107k€122k▲

Amounts payable after more than one year17€45k€45k=

Financial debts170/4€45k€45k=

Amounts payable within one year42/48€63k€78k▲

Current portion of amounts payable after more than one year42€16k€16k=

Financial debts43€20k€25k▲

Credit institutions430/8€20k€25k▲

Trade debts44€15k€31k▲

Suppliers440/4€15k€31k▲

Taxes, remuneration and social security45€11k€6k▼

Taxes450/3€11k€6k▼

Other amounts payable47/48€320€320=

Income statement Code20232024

Turnover70€269k€252k▼

Non-recurring operating income76A€4k€8k▲

Goods, raw materials, services and sundry goods60/61€215k€197k▼

Remuneration, social security and pensions62€2k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€17k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k-

Other operating charges640/8€2k€27k▲

Non-recurring operating charges66A€8k-

Gross operating margin9900€58k€55k▼

Operating profit (loss)9901€17k€11k▼

Financial income75/76B€896-

Recurring financial income75€896-

Financial charges65/66B€2k€2k▲

Recurring financial charges65€2k€2k▲

Profit (loss) for the period before taxes9903€16k€9k▼

Income taxes67/77€6k-

Profit (loss) for the period9904€10k€9k▼

Profit (loss) for the period to be appropriated9905€10k€9k▼

Appropriation of the result

Profit (loss) to be appropriated9906€93k€102k▲

Profit (loss) brought forward from the previous period14P€83k€93k▲

Transfer from equity791/2-€8k

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

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Timeline · acts, filings and financial milestones

All 11Financial 3Filings 8

2025

03-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 125 days late

2024

31-12

Financial Weakest financial yearnet €9k ▼15.8%

Net result drops to €9k, the lowest in the series.

26-12

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 148 days late

10-01

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 163 days late

2023

31-12

Financial Equity above €100kEq €106k ▲10.9%

6 profitable years in a row build equity to €106k.

2022

12-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 12 days late

2021

10-11

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 102 days late

2020

14-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Highest result since 2018net €26k ▲2.6%

Net result €26k, the highest in the series.

31-10

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 92 days late

2018

13-07

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2021

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

27-04-2021 AKTAY Ferhan: Resigned as Director

27-04-2021 AKTAY Ferhat: Resigned as Director

27-04-2021 AKTAY Mustafa: Resigned as Director

Location & real-estate footprint

Registered office, Genk · 1 establishment unit since 2016

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Boeyenstraat 143600 Genk

Ground area

1,053 m²

Building footprint