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FHC Technics

Active
Private limited companyfounded 2024active for 1 yearElerweg 81, 3680 Maaseik, BelgiumKBO/BCE: BE 1017.012.732

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 29-07-2026 at the NBB

Turnover
≈ €210,000
Estimated: probably between €110,000 and €380,000
Total assets
€69,610
Net result
€22,168
Working capital
€17,583

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €69,610
Fixed assets €5,771
Current assets €63,839
Equity and liabilities €69,610
Equity €23,168
Debt €46,441
Debt's share of the balance-sheet total is 66.7%.
Key figures and ratios
2025 value
EBITDA
€29,634
Cash flow
€22,536
Current ratio
1.38
Debt to equity
2.00
ROE
95.7%
ROA
31.8%
Interest coverage
over 100
Debt ≤ 1 year
€46,256
Income taxes
€7,058

Investments

fixed assets acquired
Item2025
Tangible fixed assets€6,138
Depreciation and write-downs of the year€367

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€69,610
Fixed assets21/28€5,771
Tangible fixed assets22/27€5,771
Furniture and vehicles24€5,771
Current assets29/58€63,839
Amounts receivable within one year40/41€36,813
Trade receivables40€32,941
Other amounts receivable41€3,872
Cash at bank and in hand54/58€24,001
Deferred charges and accrued income490/1€3,025
Equity and liabilities
Total equity and liabilities10/49€69,610
Equity10/15€23,168
Contributions10/11€1,000
Profit (loss) carried forward14€22,168
Amounts payable17/49€46,441
Amounts payable within one year42/48€46,256
Trade debts44€31,698
Suppliers440/4€31,698
Taxes, remuneration and social security45€14,558
Taxes450/3€7,058
Remuneration and social security454/9€7,500
Accrued charges and deferred income492/3€185
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€367
Other operating charges640/8€62
Gross operating margin9900€29,696
Operating profit (loss)9901€29,267
Financial income75/76B€7
Recurring financial income75€7
Financial charges65/66B€47
Recurring financial charges65€47
Profit (loss) for the period before taxes9903€29,227
Income taxes67/77€7,058
Profit (loss) for the period9904€22,168
Profit (loss) for the period to be appropriated9905€22,168
Appropriation of the result
Profit (loss) to be appropriated9906€22,168

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 29-07-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€367
Other operating charges640/8€62
Gross operating margin9900€29,696
Operating profit (loss)9901€29,267
Financial income75/76B€7
Recurring financial income75€7
Financial charges65/66B€47
Recurring financial charges65€47
Profit (loss) for the period before taxes9903€29,227
Income taxes67/77€7,058
Profit (loss) for the period9904€22,168
Profit (loss) for the period to be appropriated9905€22,168
Line2025
Assets
Total assets20/58€69,610
Fixed assets21/28€5,771
Tangible fixed assets22/27€5,771
Furniture and vehicles24€5,771
Current assets29/58€63,839
Amounts receivable within one year40/41€36,813
Trade receivables40€32,941
Other amounts receivable41€3,872
Cash at bank and in hand54/58€24,001
Deferred charges and accrued income490/1€3,025
Equity and liabilities
Total equity and liabilities10/49€69,610
Equity10/15€23,168
Contributions10/11€1,000
Profit (loss) carried forward14€22,168
Amounts payable17/49€46,441
Amounts payable within one year42/48€46,256
Trade debts44€31,698
Suppliers440/4€31,698
Taxes, remuneration and social security45€14,558
Taxes450/3€7,058
Remuneration and social security454/9€7,500
Accrued charges and deferred income492/3€185
Line2025
Profit (loss) for the period9904€22,168
+ Depreciation and write-downs630€367
Operating cash flow (approximation)€22,536

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 11,279 companies had the same profile as FHC Technics has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.6% was still going
2.6% stopped otherwise
0.7% went bankrupt

The bankruptcy probability of FHC Technics itself is higher: 1.9% within 12 months. It rests on far more data about FHC Technics than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 11,279 companies, not a prediction for FHC Technics. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 29-07-2026 2026-00347789 PDF

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