G - TEC

Active

Public limited companyfounded 199333 yrs activeRue des Alouettes 80, 4041 Herstal, BelgiumKBO/BCE: BE 0450.291.519

Summary

G - TEC has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.7m and a net result of -€1.6m. Equity is growing by ~42.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 1120 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysis Watch Report Compare

G - TECActiveChecked score 58/100

Risk analysis Report Compare

Checked score

Score 2024

58 / 100

Fair

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability52▼-31

Solvency35▼-9

Growth70▲+5

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €95,000 at 30 days acceptable

Liquidity ample (current ratio 1.89 against 2.35 in 2023; short-term debt: 44.2% and cash: 2.1% of total assets), but 89.9% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

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

−lowers risk+raises risk○neutral

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 →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

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

10.1%

Return on assets

-9.7%

Age of the figures

21 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1120 sector peers (2024).

NBB · sector comparison

Position among 1120 sector peers

Solvency

better than 16%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

36 d early

2023

49 d early

2022

33 d early

2021

31 d late

2020

86 d late

2019

32 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 6 days before 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)

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

On 10 June 1993, G - TEC was incorporated.¹ G-TEC MARINE ENVIRONMENT was merged into the company in 2013.² In 2014 the registered office moved to Milmort.³ The capital was increased 3 times between 2014 and 2025, most recently to EUR 35 million.³⁴⁵ Of the 7 current board members, SAMANDA has served longest, since 2014.⁶ Revenue went from EUR 20 million in 2018 to EUR 29 million in 2024 and headcount from 41.9 to 62.1 full-time equivalents.⁷

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Financials · fiscal year 2024, full schema

In the rankings #1 fastest grower in the province of Liège, Architecture and engineering sector #2 employer in Herstal, Professional and technical services sector #10 company by total assets in the province of Liège, Architecture and engineering sector

Turnover

€29.3m▲ 29.2%

2023 · €22.7m

EBIT margin

3.9%▼ 12.8pp

2023 · 16.7%

Net result

-€1.6m

2023 · €1.4m

Working capital

€6.7m▼ 27.5%

2023 · €9.2m

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20202021202220232024

Turnover€12.5m▼ 46.8%€10.8m▼ 13.6%€12.8m▲ 18.1%€22.7m▲ 77.5%€29.3m▲ 29.2%

Operating result-€7.5m▼ 152%€1.0m€1.4m▲ 39.2%€3.8m▲ 170%€1.2m▼ 69.5%

Net result-€15.7m▼ 416%€14.9m€1.2m▼ 92.2%€1.4m▲ 20.3%-€1.6m

EBIT margin-59.5%▼ 47.0pp9.3%▲ 68.8pp11.0%▲ 1.7pp16.7%▲ 5.7pp3.9%▼ 12.8pp

Equity-€14.1m▼ 106%€802,957€2.0m▲ 144%€3.4m▲ 71.1%€1.7m▼ 48.9%

Total assets€8.9m▼ 52.3%€20.2m▲ 128%€13.4m▼ 33.7%€17.7m▲ 32.6%€17.0m▼ 4.2%

Debt€23.0m▼ 9.6%€19.4m▼ 15.7%€11.4m▼ 41.1%€14.4m▲ 25.9%€15.3m▲ 6.2%

Working capital-€8.5m▼ 1,177%-€7.3m▲ 13.6%€3.0m€9.2m▲ 209%€6.7m▼ 27.5%

Solvency-159.4%▼ 122.6pp4.0%▲ 163.4pp14.7%▲ 10.7pp18.9%▲ 4.3pp10.1%▼ 8.8pp

Current ratio0.45▼ 0.480.40▼ 0.061.74▲ 1.352.35▲ 0.611.89▼ 0.47

Return on assets (ROA)-177.2%▼ 160.8pp74.0%▲ 251.2pp8.7%▼ 65.3pp7.9%▼ 0.8pp-9.7%▼ 17.5pp

Staff (FTE)38.4▼ 6.3%29.7▼ 22.7%34.4▲ 15.8%45.2▲ 31.4%62.1▲ 37.4%

above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 70% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €17.0m

16.5%

83.5%

Fixed assets €2.8m ▲ 61.8%

Current assets €14.2m ▼ 11.4%

Equity and liabilities €17.0m

10%

89.9%

Equity €1.7m ▼ 48.9%

Debt €15.3m ▲ 6.2%

Debt's share of the balance-sheet total rises from 81.1% to 89.9%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€1.7m▼

2023 · €4.1m

Cash flow

-€1.1m▼

2023 · €1.7m

Quick ratio

1.89▼

2023 · 2.26

Debt to equity

8.90▲

2023 · 4.28

ROE

-95.6%▼

2023 · 41.5%

Interest coverage

9.02▼

2023 · 21.79

Debt ≤ 1 year

€7.5m▲

2023 · €6.8m

Debt > 1 year

€7.2m=

2023 · €7.2m

Income taxes

€38,668▼

2023 · €320,857

Staff costs

€6.0m▲

2023 · €4.3m

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

Peer companies

Historical observation

Of the 370 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.

Medium-sized
20 years or older
solvency 10 to 30%
a small loss

0.5% went bankrupt

2.2% stopped otherwise

97% still going

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,662 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%	1.7%
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 75% 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 370 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

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2024 against 2023 · 75 lines

Balance sheet Code20232024

Assets

Total assets20/58€17.7m€17.0m▼

Fixed assets21/28€1.7m€2.8m▲

Intangible fixed assets21-€8,724

Tangible fixed assets22/27€1.5m€1.8m▲

Plant, machinery and equipment23€1.3m€1.7m▲

Furniture and vehicles24€129,149€92,442▼

Assets under construction and advance payments27€109,230-

Financial fixed assets28€191,200€1.0m▲

Affiliated companies280/1€191,200€1.0m▲

Participating interests280€191,200€1.0m▲

Current assets29/58€16.0m€14.2m▼

Stocks and contracts in progress3€631,259€9,502▼

Stocks30/36€94,649€9,502▼

Raw materials and consumables30/31€94,649€9,502▼

Contracts in progress37€536,610-

Amounts receivable within one year40/41€14.9m€13.7m▼

Trade receivables40€8.2m€8.7m▲

Other amounts receivable41€6.7m€5.0m▼

Cash at bank and in hand54/58€315,970€361,609▲

Deferred charges and accrued income490/1€110,533€115,326▲

Equity and liabilities

Total equity and liabilities10/49€17.7m€17.0m▼

Equity10/15€3.4m€1.7m▼

Contributions10/11€14.6m€14.6m=

Capital10€14.6m€14.6m=

Issued capital100€14.6m€14.6m=

Reserves13€20,689€20,689=

Non-distributable reserves130/1€20,689€20,689=

Legal reserve130€20,689€20,689=

Profit (loss) carried forward14-€11.2m-€12.9m▼

Amounts payable17/49€14.4m€15.3m▲

Amounts payable after more than one year17€7.2m€7.2m=

Financial debts170/4€7.2m€7.2m=

Subordinated loans170€7.2m€7.2m=

Amounts payable within one year42/48€6.8m€7.5m▲

Trade debts44€3.6m€4.4m▲

Suppliers440/4€3.6m€4.4m▲

Advances received on contracts in progress46€305,813€1.6m▲

Taxes, remuneration and social security45€1.3m€1.4m▲

Taxes450/3€132,970-

Remuneration and social security454/9€1.2m€1.4m▲

Other amounts payable47/48€1.6m-

Accrued charges and deferred income492/3€350,851€534,559▲

Income statement Code20232024

Operating income70/76A€23.5m€29.8m▲

Turnover70€22.7m€29.3m▲

Change in stocks of work in progress, finished goods and contracts in progress71€536,610-

Own construction capitalised72€65,946-

Other operating income74€206,532€498,054▲

Operating charges60/66A€19.7m€28.6m▲

Goods for resale, raw materials and consumables60€12.9m€17.6m▲

Purchases600/8€13.0m€17.5m▲

Change in stocks: decrease (increase)609-€94,649€85,147▲

Services and other goods61€3.2m€4.4m▲

Remuneration, social security and pensions62€4.3m€6.0m▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€262,999€511,618▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1.0m-€10,896▲

Other operating charges640/8€32,370€33,341▲

Operating profit (loss)9901€3.8m€1.2m▼

Financial income75/76B€122,445€383,377▲

Recurring financial income75€122,445€378,162▲

Income from current assets751€1€39,156▲

Other financial income752/9€122,444€339,006▲

Non-recurring financial income76B-€5,215

Financial charges65/66B€2.2m€3.1m▲

Recurring financial charges65€225,938€450,467▲

Debt charges650€185,996€184,949▼

Other financial charges652/9€39,942€265,518▲

Non-recurring financial charges66B€2.0m€2.7m▲

Profit (loss) for the period before taxes9903€1.7m-€1.6m▼

Income taxes67/77€320,857€38,668▼

Taxes670/3€320,857€38,668▼

Profit (loss) for the period9904€1.4m-€1.6m▼

Profit (loss) for the period to be appropriated9905€1.4m-€1.6m▼

Appropriation of the result

Profit (loss) to be appropriated9906-€11.2m-€12.9m▼

Profit (loss) brought forward from the previous period14P-€12.6m-€11.2m▲

Social balance

Average headcount (FTE)908745.262.1▲

The notes to these accounts (67 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2020	2021	2022	2023	2024	Change
Operating income70/76A	-	€11.1m	€13.0m	€23.5m	€29.8m	▲ 26.8%
Turnover70	€12.5m	€10.8m	€12.8m	€22.7m	€29.3m	▲ 29.2%
Change in stocks of work in progress, finished goods and contracts in progress71	-	-	-	€536,610	-	-
Own construction capitalised72	-	-	€46,589	€65,946	-	-
Other operating income74	-	€253,416	€172,743	€206,532	€498,054	▲ 141%
Operating charges60/66A	-	€10.1m	€11.6m	€19.7m	€28.6m	▲ 45.4%
Goods for resale, raw materials and consumables60	-	€5.3m	€7.2m	€12.9m	€17.6m	▲ 36.5%
Purchases600/8	-	€5.2m	€7.2m	€13.0m	€17.5m	▲ 34.9%
Change in stocks: decrease (increase)609	-	€171,367	-	-€94,649	€85,147	▲ 190%
Services and other goods61	-	€2.2m	€1.5m	€3.2m	€4.4m	▲ 40.5%
Remuneration, social security and pensions62	-	€2.4m	€2.8m	€4.3m	€6.0m	▲ 38.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€253,590	€157,575	€133,511	€262,999	€511,618	▲ 94.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	-€61,818	-€3,330	-€1.0m	-€10,896	▲ 98.9%
Other operating charges640/8	-	€33,627	€29,345	€32,370	€33,341	▲ 3.0%
Operating profit (loss)9901	-€7.5m	€1.0m	€1.4m	€3.8m	€1.2m	▼ 69.5%
Financial income75/76B	-	€14.9m	€71,194	€122,445	€383,377	▲ 213%
Recurring financial income75	€467,793	€915,463	€71,194	€122,445	€378,162	▲ 209%
Income from current assets751	-	-	-	€1	€39,156	▲ 4,606,535%
Other financial income752/9	-	€915,463	€71,194	€122,444	€339,006	▲ 177%
Non-recurring financial income76B	-	€14.0m	-	-	€5,215	-
Financial charges65/66B	-	€954,961	€278,609	€2.2m	€3.1m	▲ 43.1%
Recurring financial charges65	€788,391	€892,459	€278,609	€225,938	€450,467	▲ 99.4%
Debt charges650	€271,562	€47,593	€194,870	€185,996	€184,949	▼ 0.6%
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651	-	€8,014	-	-	-	-
Other financial charges652/9	-	€836,853	€83,739	€39,942	€265,518	▲ 565%
Non-recurring financial charges66B	-	€62,502	-	€2.0m	€2.7m	▲ 36.6%
Profit (loss) for the period before taxes9903	-€15.7m	€14.9m	€1.2m	€1.7m	-€1.6m	▼ 193%
Income taxes67/77	€3,194	€4,329	€34,789	€320,857	€38,668	▼ 87.9%
Taxes670/3	-	€4,329	€34,789	€320,857	€38,668	▼ 87.9%
Profit (loss) for the period9904	-€15.7m	€14.9m	€1.2m	€1.4m	-€1.6m	▼ 218%
Profit (loss) for the period to be appropriated9905	-€15.7m	€14.9m	€1.2m	€1.4m	-€1.6m	▼ 218%

Line	2020	2021	2022	2023	2024	Change
Assets
Total assets20/58	€8.9m	€20.2m	€13.4m	€17.7m	€17.0m	▼ 4.2%
Fixed assets21/28	€1.8m	€15.4m	€6.4m	€1.7m	€2.8m	▲ 61.8%
Intangible fixed assets21	€3,909	-	-	-	€8,724	-
Tangible fixed assets22/27	€657,552	€322,838	€341,377	€1.5m	€1.8m	▲ 16.5%
Plant, machinery and equipment23	-	€266,677	€293,093	€1.3m	€1.7m	▲ 30.7%
Furniture and vehicles24	-	€56,161	€37,565	€129,149	€92,442	▼ 28.4%
Assets under construction and advance payments27	-	-	€10,719	€109,230	-	-
Financial fixed assets28	€1.2m	€15.1m	€6.1m	€191,200	€1.0m	▲ 423%
Affiliated companies280/1	-	€15.1m	€6.1m	€191,200	€1.0m	▲ 423%
Participating interests280	-	€6.1m	€6.1m	€191,200	€1.0m	▲ 423%
Amounts receivable281	-	€9.0m	-	-	-	-
Other financial fixed assets284/8	-	€375	€375	-	-	-
Amounts receivable and cash guarantees285/8	-	€375	€375	-	-	-
Current assets29/58	€7.1m	€4.8m	€7.0m	€16.0m	€14.2m	▼ 11.4%
Stocks and contracts in progress3	€171,367	-	-	€631,259	€9,502	▼ 98.5%
Stocks30/36	-	-	-	€94,649	€9,502	▼ 90.0%
Raw materials and consumables30/31	-	-	-	€94,649	€9,502	▼ 90.0%
Contracts in progress37	-	-	-	€536,610	-	-
Amounts receivable within one year40/41	€4.5m	€3.4m	€6.6m	€14.9m	€13.7m	▼ 8.3%
Trade receivables40	-	€3.3m	€6.3m	€8.2m	€8.7m	▲ 5.2%
Other amounts receivable41	-	€67,035	€341,580	€6.7m	€5.0m	▼ 25.0%
Cash at bank and in hand54/58	€931,799	€1.4m	€296,778	€315,970	€361,609	▲ 14.4%
Deferred charges and accrued income490/1	-	€46,178	€60,917	€110,533	€115,326	▲ 4.3%
Equity and liabilities
Total equity and liabilities10/49	€8.9m	€20.2m	€13.4m	€17.7m	€17.0m	▼ 4.2%
Equity10/15	-€14.1m	€802,957	€2.0m	€3.4m	€1.7m	▼ 48.9%
Contributions10/11	€14.6m	€14.6m	€14.6m	€14.6m	€14.6m	=
Capital10	-	€14.6m	€14.6m	€14.6m	€14.6m	=
Issued capital100	-	€14.6m	€14.6m	€14.6m	€14.6m	=
Reserves13	€20,689	€20,689	€20,689	€20,689	€20,689	=
Non-distributable reserves130/1	-	€20,689	€20,689	€20,689	€20,689	=
Legal reserve130	-	€20,689	€20,689	€20,689	€20,689	=
Profit (loss) carried forward14	-€28.7m	-€13.8m	-€12.6m	-€11.2m	-€12.9m	▼ 14.6%
Amounts payable17/49	€23.0m	€19.4m	€11.4m	€14.4m	€15.3m	▲ 6.2%
Amounts payable after more than one year17	€7.3m	€7.2m	€7.2m	€7.2m	€7.2m	=
Financial debts170/4	-	€7.2m	€7.2m	€7.2m	€7.2m	=
Subordinated loans170	-	€7.2m	€7.2m	€7.2m	€7.2m	=
Credit institutions173	-	€9,583	-	-	-	-
Amounts payable within one year42/48	€15.5m	€12.1m	€4.0m	€6.8m	€7.5m	▲ 10.5%
Current portion of amounts payable after more than one year42	-	€37,778	€9,583	-	-	-
Financial debts43	-	€5.5m	-	-	-	-
Credit institutions430/8	-	€5.5m	-	-	-	-
Trade debts44	€6.8m	€1.9m	€2.9m	€3.6m	€4.4m	▲ 24.0%
Suppliers440/4	-	€1.9m	€2.9m	€3.6m	€4.4m	▲ 24.0%
Advances received on contracts in progress46	-	-	-	€305,813	€1.6m	▲ 429%
Taxes, remuneration and social security45	-	€755,224	€1.1m	€1.3m	€1.4m	▲ 10.9%
Taxes450/3	-	€112,973	€391,633	€132,970	-	-
Remuneration and social security454/9	-	€642,252	€742,333	€1.2m	€1.4m	▲ 23.5%
Other amounts payable47/48	-	€4.0m	-	€1.6m	-	-
Accrued charges and deferred income492/3	-	€24,437	€187,767	€350,851	€534,559	▲ 52.4%

Line	2020	2021	2022	2023	2024	Change
Profit (loss) for the period9904	-€15.7m	€14.9m	€1.2m	€1.4m	-€1.6m	▼ 218%
+ Depreciation and write-downs630	€253,590	€157,575	€133,511	€262,999	€511,618	▲ 94.5%
Operating cash flow (approximation)	-€15.5m	€15.1m	€1.3m	€1.7m	-€1.1m	▼ 168%
Investment in fixed assets (approximation)	-	-€13.7m	€8.8m	€4.4m	-€1.6m	▼ 136%
Change in cash	-	€471,732	-€1.1m	€19,192	€45,639	▲ 138%

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

All 37Financial 6Gazette 21Filings 10

2025

12-12

State Gazette act Capital & shares · Statutes amendment

Capital increase · Capital decrease · Capital4 facts ▸

General meeting, 09-12-2025
Capital increase, €20.000.000
Capital decrease, €12.874.809,13
Capital, €21.696.072,68

25-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

06-12

State Gazette act Resignation: Bart De Poorter (director)

Appointment: Jan Van Rossum (director) · Mandate compensation8 facts ▸

General meeting, 18-09-2024
Director resignation, Bart De Poorter (director)
Director appointment, Jan Van Rossum (director)
Mandate compensation, Jan Van Rossum
Board composition, Koen De Vylder (director)
Board composition, Thibaut Debouche (director)
Board composition, Olivjer Maes (director)
Board composition, Jan Van Rossum (director)

27-11

State Gazette act Reappointments: Bart De Poorter, Olivier Maes and 2 others

Appointment: Bart Vandemeulebroucke (director) · Mandate compensation7 facts ▸

General meeting, 27-05-2024
Director reappointment, Bart De Poorter (director)
Director reappointment, Olivier Maes (director)
Director reappointment, Thibaut Debouche (director)
Director reappointment, Koen De Vylder (director)
Director appointment, Bart Vandemeulebroucke (director)
Mandate compensation, G-TEC SCORGY OVISION LIEGE

12-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €2mEq €3.4m ▲71.1%

3 profitable years in a row build equity to €3.4m.

03-10

State Gazette act Appointment: EY (commissaire aux comptes)

Permanent representative: Wim Van Gasse · Mandate compensation4 facts ▸

General meeting, 22-06-2023
Auditor appointment, EY (commissaire aux comptes)
Permanent representative, Wim Van Gasse
Mandate compensation, EY

28-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Liquidity quadruplescurrent ratio 1.74

Current ratio from 0.40 to 1.74; short-term debt falls from €12.1m to €4.0m.

31-12

Financial Equity above €1mEq €2.0m ▲144%

2 profitable years in a row build equity to €2.0m.

28-12

State Gazette act Resignation: Vincent Dubois (director)

5 facts ▸

Director resignation, Vincent Dubois (director)
Board composition, Bart De Poorter (director)
Board composition, Olivier Maes (director)
Board composition, Thibaut Debouche (director)
Board composition, Koen De Vylder (director)

31-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 31 days late

Show earlier events

27-05

State Gazette act Statutes amendment

Capital4 facts ▸

General meeting, 19-05-2022
Statutes amendment
Statutes amendment
Capital, €14.570.881,81

15-04

State Gazette act Resignation: SAMANDA SA (director)

Appointments: Vincent Dubois (director) and Koen De Vylder (director) · Mandate compensation11 facts ▸

General meeting, 17-03-2022
Director resignation, SAMANDA SA (director)
Director appointment, Vincent Dubois (director)
Director appointment, Koen De Vylder (director)
Mandate compensation, Vincent Dubois
Mandate compensation, Koen De Vylder
Board composition, Bart De Poorter (director)
Board composition, Olivier Maes (director)
Board composition, Thibaut Debouche (director)
Board composition, Vincent Dubois (director)
Board composition, Koen De Vylder (director)

2021

31-12

Financial Back to profitnet €14.9m

Net result €14.9m after 3 loss-making years.

31-12

Financial Equity above €500,000Eq €802,957

Equity rises from -€14.1m to €802,957.

25-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 86 days late

16-06

State Gazette act Resignation: BERNARD Alain (director)

Statutes amendment3 facts ▸

General meeting, 26-05-2021
Statutes amendment
Director resignation, BERNARD Alain (director)

03-03

State Gazette act Resignation: FDVV Consult SRL (director)

Appointment: Thibaut Debouche (director) · Permanent representative: Régis Vankerkove9 facts ▸

General meeting, 01-12-2020
Director resignation, FDVV Consult SRL (director)
Director appointment, Thibaut Debouche (director)
Board composition, Alain Bernard (director)
Board composition, Bart De Poorter (director)
Board composition, Olivier Maes (director)
Board composition, Thibaut Debouche (director)
Board composition, Samanda SA (director)
Permanent representative, Régis Vankerkove

2020

31-12

Financial Weakest financial yearnet -€15.7m

Net result drops to -€15.7m, the lowest in the series; recovery starts the following year.

25-11

State Gazette act Resignation: Luc Vandenbulcke (director)

Permanent representative: Régis Vankerkove · Appointments: Alain Bernard, Bart De Poorter and 3 others · Reappointment: SPRL. 3R, Leboutte & Co (statutory auditor)14 facts ▸

General meeting, 28-05-2020
Director resignation, Luc Vandenbulcke (director)
Permanent representative, Régis Vankerkove
Director appointment, Alain Bernard (director)
Director appointment, Bart De Poorter (director)
Director appointment, Olivier Maes (director)
Director appointment, FDVV Consult SRL (director)
Director appointment, Samanda SA (director)
Board composition, Alain Bernard (director)
Board composition, Bart De Poorter (director)
Board composition, Olivier Maes (director)
Board composition, FDVV Consult SRL (director)
+2 further facts in this act

29-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

28-02

State Gazette act Capital & shares · Statutes amendment · Resignations & appointments

Capital increase · Capital5 facts ▸

General meeting, 30-01-2020
Capital increase, €5.943.112
Capital increase, €8.420.881,81
Capital, €14.570.881,81
Statutes amendment

2019

19-06

NBB filing Annual accounts filed

fiscal year 2018 · full schema

25-02

State Gazette act Resignation: Els VERBRAECKEN (director)

Appointment: FDVV Consult bvba (director) · Permanent representative: Veerle Vercruysse · Mandate renewal6 facts ▸

General meeting, 28-06-2018
Director resignation, Els VERBRAECKEN (director)
Director appointment, FDVV Consult bvba (director)
Director appointment, FDVV Consult bvba (managing director)
Permanent representative, Veerle Vercruysse
Mandate renewal, 31-05-2021

2018

13-09

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 44 days late

11-04

State Gazette act Resignations: Bart Van HOOLAND, Lucien HALLEUX and 2 others

Appointments: Alain BERNARD, Els VERBRACKEN and 2 others · Reappointment: SAMANDA (director) · Statutes amendment16 facts ▸

General meeting, 20/02/2018
Statutes amendment
Statutes amendment
Director resignation, Bart Van HOOLAND (director)
Director resignation, Lucien HALLEUX (director)
Director resignation, Manco Renardy SCS (director and managing director)
Director resignation, Conseil Gestion Organisation SA (director)
Director appointment, Alain BERNARD (director)
Director appointment, Els VERBRACKEN (director)
Director appointment, Luc VANDENBULCKE (director)
Director appointment, Olivier MAES (director)
Director reappointment, SAMANDA (director)
+4 further facts in this act

2017

20-10

State Gazette act Reappointment: Leboutte, Mouhb & Co ScPRL (statutory auditor)

Mandate compensation · Mandate compensation indexation4 facts ▸

General meeting, 29-05-2017
Auditor reappointment, Leboutte, Mouhb & Co ScPRL (statutory auditor)
Mandate compensation, Leboutte, Mouhb & Co ScPRL
Mandate compensation indexation, adapté annuellement sur base de l'indice des prix à la consommation

16-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

13-06

State Gazette act Resignation: JDS Advies SPRL (director)

2 facts ▸

General meeting, 30-05-2016
Director resignation, JDS Advies SPRL (director)

2016

24-06

NBB filing Annual accounts filed

fiscal year 2015 · full schema

2015

27-07

State Gazette act Appointment: SCPRL LEBOUTTE, MOUHIB & C° (statutory auditor)

Permanent representative: Denys LEBOUTTE · Mandate compensation4 facts ▸

General meeting, 26-05-2014
Auditor appointment, SCPRL LEBOUTTE, MOUHIB & C° (statutory auditor)
Permanent representative, Denys LEBOUTTE
Mandate compensation, SCPRL LEBOUTTE, MOUHIB & C°

2014

22-12

State Gazette act Reappointments: Lucien HALLEUX, Bart VAN HOOLAND and 2 others

Permanent representatives: Johan DESCHUYTER, François RENARDY and 2 others · Appointments: SAMANDA (administrateur de catégorie e) and CONSEIL, GESTION, ORGANISATION (independent director) · Resignation: Danny BOEN (director)31 facts ▸

General meeting, 24-11-2014
Capital increase, €56.888
Share issue, 2080, 2884.62
Bank account, BE66 3631 4140 6943
Registered-office move, Zoning industriel des Hauts-Sarts, Zone 3, Rue des Alouettes, 80, à 4041 Milmort
Director reappointment, Lucien HALLEUX (class A director)
Director reappointment, Bart VAN HOOLAND (class A director)
Director reappointment, JDS Advies (class A director)
Permanent representative, Johan DESCHUYTER
Director reappointment, MANCO RENARDY (class B director)
Permanent representative, François RENARDY
Director appointment, SAMANDA (administrateur de catégorie e)
+19 further facts in this act

2013

03-04

State Gazette act Capital & shares · Restructuring

Merger · Accounting effect · Director discharge7 facts ▸

General meeting, 28-01-2013
Merger, absorption, 30-09-2012
Accounting effect, 01-10-2012
Director discharge, G-TEC MARINE ENVIRONMENT
Statutes amendment
Power of attorney, Gérard INDEKEU
Shareholding, 100%

2012

10-12

State Gazette act Restructuring

Merger · Accounting effect · Capital9 facts ▸

Board meeting, 12-11-2012
Merger
Accounting effect, 01-10-2012
Capital, €150.000,55
Capital, €61.500,1
Shareholding, 100%
Accounting reference date, 30-09-2012
General meeting, 28-01-2013
Tax exemption, exemption impôt sur les revenus (art. 211 CIR), exonération TVA (arts. 11 et 18 §3 Code TVA), exonération droits d'enregistrement (art. 117 Code des Droits d'En…

06-03

State Gazette act Appointment: MANCO RENARDY (director)

Permanent representative: François RENARDY · Resignation: Lucien HALLEUX (managing director)6 facts ▸

General meeting, 10-12-2011
Director appointment, MANCO RENARDY (director)
Permanent representative, François RENARDY
Board meeting, 16-12-2011
Director resignation, Lucien HALLEUX (managing director)
Director appointment, MANCO RENARDY (managing director)

2010

30-06

State Gazette act Reappointments: Lucien Halleux (director) and Bart Van Hooland (director)

2 facts ▸

Director reappointment, Lucien Halleux (director)
Director reappointment, Bart Van Hooland (director)

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

21 of 22 acts read

About the unread acts

Of the 22 Belgian State Gazette acts we know for this company, 21 have been read. The other one has not 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

7 directors, last change in 2024

Board 7

SAMANDA

Director · since 24-11-2014 · Legal entity · perm. rep.: Sabine COLSON

Current

FDVV CONSULT

Director · since 01-07-2018 · Private limited company · perm. rep.: Veerle Vercruysse

Current

Olivier Maes

Director · since 28-05-2020

Current

Thibaut Debouche

Director · since 01-12-2020

Current

Koen De Vylder

Director · since 17-03-2022

Current

Bart Vandemeulebroucke

Director · since 27-05-2024

Current

Jan Van Rossum

Director · since 18-09-2024

Current

1 not recently confirmed

Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.

JDS Advies

Class A director · Legal entity · perm. rep.: Johan DESCHUYTER

Not recently confirmed

Day-to-day management 1

FDVV CONSULT

Managing director · since 01-07-2018 · Private limited company · perm. rep.: Veerle Vercruysse

Not recently confirmed

Permanent representatives 2

Sabine COLSON

Permanent representative · since 24-11-2014 · for SAMANDA

Current

Veerle Vercruysse

Permanent representative · since 01-07-2018 · for FDVV CONSULT

Current

1 not recently confirmed

Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.

Johan DESCHUYTER

Permanent representative · for JDS Advies

Not recently confirmed

Statutory auditor 1

Commissaire aux comptes · since 22-06-2023 · perm. rep.: Wim Van Gasse

Current

Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →

Not every act has been read: a resignation may be missing here

1 of this company's 22 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Herstal · 1 establishment unit since 1993

seat establishment The establishment unit on the map

Ground area

1.4 ha

Building footprint

2,289 m²

Volume, LiDAR

14,578 m³

Parcel 62071A0209/04_000, Wallonia · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Rue des Alouettes 80, 4041 Herstal

NACE 7420305

since 19932.062.688.370

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62071A0209/04_000	Wallonia	1.4 ha	1 · 2,289 m²	8.9 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.

Mandate history

23 people since 2010, 9 in office

All 23 In office 9 Ended 14

Board
Day-to-day management
Statutory auditor
not recently confirmed
began earlier

Mandates per person, with start and end dates
Name	Functions and periods
SAMANDA	Administrateur de catégorie e, from 24-11-2014 to date
FDVV CONSULT	Director, from 01-07-2018 to date Managing director, from 01-07-2018 not ended, last confirmed 25-02-2019
Olivier Maes	Director, from 28-05-2020 to date
Thibaut Debouche	Director, from 01-12-2020 to date
Koen De Vylder	Director, from 17-03-2022 to date
Bart Vandemeulebroucke	Director, from 27-05-2024 to date
Jan Van Rossum	Director, from 18-09-2024 to date
EY	Commissaire aux comptes, from 22-06-2023 to date
JDS Advies	Class A director, already before 22-12-2014 not ended, last confirmed 22-12-2014
Bart De Poorter	Director, from 28-05-2020 to 18-09-2024
3R, Leboutte & C°	Statutory auditor, from 29-05-2017 to 22-06-2023
Vincent Dubois	Director, from 17-03-2022 to 23-09-2022
Samanda SA	Director, until 17-03-2022
BERNARD Alain	Director, from 06-12-2017 to 26-05-2021
FDVV Consult SRL	Director, until 01-12-2020
VANDENBULCKE Luc, Louis, Joseph, Cornelius	Director, until 28-05-2020
VERBRAECKEN, Els Gustaaf	Director, until 01-07-2018
Bart Van HOOLAND	Director, already before 30-06-2010 to 11-04-2018
Conseils, Gestion, Organisation	Independent director, from 24-11-2014 to 11-04-2018
Lucien HALLEUX	Director, already before 30-06-2010 to 11-04-2018 Managing director, until 16-12-2011
Manco Renardy SCS	Director and managing director, until 11-04-2018 Director and managing director, until 11-04-2018
ScPRL LEBOUTTE, MOUHIB & C°	Statutory auditor, from 26-05-2014 to 29-05-2017
Danny BOEN	Board, until 24-11-2014

Show all 23 people Show the first 12See the board, name and seat on a given date →

Articles of association

Purpose

La société a pour objet la réalisation d'études et la consultance dans les domaines relevant de la géologie, de l'hydrogéologie, de la géotechnique. La société a également pour…

Full purpose

La société a pour objet la réalisation d'études et la consultance dans les domaines relevant de la géologie, de l'hydrogéologie, de la géotechnique. La société a également pour objet l'entreprise de travaux de prospection géologique et géophysique.

according to the deed of 27-05-2022

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

DEME Luxembourg S.A.LU 75%
DEME OFFSHORE HOLDING 100%
G - TEC

Highest known parent: DEME Luxembourg S.A. (Luxembourg). The sources do not say who stands above it.

Owners 1

DEME OFFSHORE HOLDINGparent

Sourceaccounts DEME OFFSHORE HOLDING 2025

100%

Holdings 1

SASU G-TECFRsubsidiary

Sourceown accounts 2024
Equity €3.7mResult -€2.7m

100%

Stated earlier (1)

An older source named these holdings; newer accounts no longer list them.

G-TEC MARINE ENVIRONMENT

Sourceact 10-12-2012

100%

According to the 2024 annual accounts of G - TEC and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

10 connected companies

Depth

Shared directors

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Linked via shared directors

A.M.B.

Shared corporate director

→

COMPAGNIE D'ENTREPRISES CFE

Shared corporate director

→

DEQUACHIM

Shared corporate director

→

DEQUENNE CHIMIE

Shared corporate director

→

Show 6 more companies with a shared director

I-CARE HOLDING

Shared corporate director

→

JD'C INNOVATION

Shared corporate director

→

L'Avenir Développement

Shared corporate director

→

NANOCYL

Shared corporate director

→

POWER@SEA

Shared corporate director

→

Société Anonyme Belge de Constructions Aéronautiques

Shared corporate director

→

Acquisitions and mergers

1 transaction

Took over:G-TEC MARINE ENVIRONMENT

BE 0898.646.602merger by absorption · State Gazette act of 03-04-2013 (2 acts)

Capital and shareholders

Shareholders according to the acts

After 2 capital increases act of 28-02-2020 ↗

DEME Offshore Holding 7,509 shares
SRIW Environnement 2,848 shares

After the capital increase act of 22-12-2014 ↗

S.R.I.W. ENVIRONNEMENT

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

12-12-2025 Capital increase of 20,000,000 EUR · to 34,570,881.81 EUR · in cash
12-12-2025 Capital reduction of 12,874,809.13 EUR · to 21,696,072.68 EUR · to absorb losses
27-05-2022 Capital stated in the act · 14,570,881.81 EUR · 17,921 shares
28-02-2020 Capital increase of 5,943,112 EUR · to 6,150,000 EUR · no new shares · from reserves
28-02-2020 Capital increase of 8,420,881.81 EUR · to 14,570,881.81 EUR · 10,357 new shares · in kind
22-12-2014 Capital increase of 56,888 EUR · to 206,888 EUR · 2,080 new shares
10-12-2012 Capital stated in the act · 150,000.55 EUR

Similar companies · same sector, comparable size

TECHNICAL DESIGN SYSTEM

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FEDERATION EUROPEENNE DU COMMERCE CHIMIQUE - EUROPEAN ASSOCIATION OF CHEMICAL DISTRIBUTORS

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HYDAC

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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 2,590 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification

Legal formPublic limited company

Founded10-06-1993

Fiscal year end31-12

Activities, NACEBEL 2025

71121Engineering and related technical consultancy, excluding land surveyors

71209Other technical testing and analysis

E-invoicing

Reachable via Peppol

Peppol ID 0208:0450291519

Also 9925:BE0450291519

Registered 14-11-2025

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