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KASPERS TECHNICS

Active
Private limited companyfounded 2007active for 19 yearsRoosberg 16, 3400 Landen, BelgiumKBO/BCE: BE 0890.933.518

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 15-07-2026 at the NBB all 19 filings

Turnover
≈ €4.3m
Estimated: probably between €3.3m and €5.3m
Total assets
€3.1m▼ 19.7%
2024 · €3.8m
Net result
€80,862
2024 · -€197,501
Working capital
-€226,604▲ 33.1%
2024 · -€338,753
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a profit of €244,149, after a loss of €92,088 in 2024. It is the highest result since 2021.

Operating result€0.2m 2025 Net result€0.08m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.09m-€0.04m▼ 56.8%€0.04m▲ 3.0%€0.08m▲ 120%€0.05m▼ 44.6%€0.06m▲ 29.3%-€0.09m€0.2m
Net result€0.06m-€0.03m▼ 59.4%€0.01mwithin the sector's middle half▼ 54.4%€0.02mwithin the sector's middle half▲ 86.4%€0.001mbelow the sector's middle half▼ 97.3%-€0.02mbelow the sector's middle half-€0.2mbelow the sector's middle half▼ 970%€0.08mwithin the sector's middle half
Equity€0.6m-€0.6m▲ 1.1%€0.6mwithin the sector's middle half▲ 2.1%€0.6mwithin the sector's middle half▲ 3.9%€0.6mwithin the sector's middle half▲ 0.1%€0.6mwithin the sector's middle half▼ 3.1%€0.4mwithin the sector's middle half▼ 34.2%€0.5mwithin the sector's middle half▲ 21.2%
Total assets€2.8m-€2.4m▼ 13.4%€2.7mabove the sector's middle half▲ 10.0%€2.3mabove the sector's middle half▼ 11.9%€3.1mabove the sector's middle half▲ 32.4%€3.8mabove the sector's middle half▲ 21.0%€3.8mabove the sector's middle half▲ 2.1%€3.1mabove the sector's middle half▼ 19.7%
Debt€2.2m-€1.9m▼ 17.0%€2.1m▲ 12.4%€1.8m▼ 16.3%€2.5m▲ 43.4%€3.2m▲ 26.7%€3.5m▲ 8.7%€2.6m▼ 24.2%
Working capital-€0.1m--€0.1m▲ 24.8%-€0.2mbelow the sector's middle half▼ 70.1%-€0.1mbelow the sector's middle half▲ 46.2%-€0.08mbelow the sector's middle half▲ 15.4%-€0.1mbelow the sector's middle half▼ 79.4%-€0.3mbelow the sector's middle half▼ 127%-€0.2mbelow the sector's middle half▲ 33.1%
Solvency19.9%-23.2%▲ 3.3pp21.5%within the sector's middle half▼ 1.7pp25.4%within the sector's middle half▲ 3.9pp19.2%below the sector's middle half▼ 6.2pp15.4%below the sector's middle half▼ 3.8pp9.9%below the sector's middle half▼ 5.5pp15.0%below the sector's middle half▲ 5.1pp
Current ratio0.92-0.93▲ 0.010.90below the sector's middle half▼ 0.030.94below the sector's middle half▲ 0.040.96below the sector's middle half▲ 0.030.95below the sector's middle half▼ 0.020.89below the sector's middle half▼ 0.050.91below the sector's middle half▲ 0.01
Return on assets (ROA)2.3%-1.1%▼ 1.2pp0.5%below the sector's middle half▼ 0.6pp1.0%below the sector's middle half▲ 0.5pp0.0%below the sector's middle half▼ 0.9pp-0.5%below the sector's middle half▼ 0.5pp-5.1%below the sector's middle half▼ 4.7pp2.6%within the sector's middle half▲ 7.8pp
Staff (FTE)20.6-21.7▲ 5.3%20.9above the sector's middle half▼ 3.7%16.9above the sector's middle half▼ 19.1%20.2above the sector's middle half▲ 19.5%22.2above the sector's middle half▲ 9.9%21above the sector's middle half▼ 5.4%21above the sector's middle half=
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets €835,549 ▼ 12.3%
Current assets €2.2m ▼ 22.2%
Equity and liabilities €3.1m
Equity €461,569 ▲ 21.2%
Debt €2.6m ▼ 24.2%
Debt's share of the balance-sheet total falls from 90.1% to 85.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€366,410▲
2024 · €13,908
Cash flow
€203,123▲
2024 · -€91,506
Quick ratio
0.68▲
2024 · 0.60
Debt to equity
5.68▼
2024 · 9.08
ROE
17.5%▲
2024 · -51.9%
Interest coverage
1.99▲
2024 · 0.10
Debt ≤ 1 year
€2.5m▼
2024 · €3.2m
Debt > 1 year
€138,623▼
2024 · €232,969
Income taxes
€825▼
2024 · €868
Staff costs
€1.2m▼
2024 · €1.5m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as KASPERS TECHNICS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €2.4m and €3.7m, founded between 2003 and 2010.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
KASPERS TECHNICS Landen2007€3.1m€0.5m€1.6m-€0.08m212025
D.E.I. Mouscron2004€3.1m€1.5m€1.6m-€0.2m20.32025
WM électricité Fleurus2005€3.3m€0.7m€1.8m€5.5m€0.2m23.32025
LINERGY BENELUX S.A. Asse2005€2.7m€1.9m€1.8m-€0.3m17.22025
ARPA-TECH Genk2010€2.5m€0.9m€1.6m-€0.2m20.62025
OMNICRON SECURITY Torhout2006€2.4m€1.1m€1.9m-€0.4m192025
ACURITY Kontich2003€3.7m-€0.7m€1.7m--€0.3m17.42025

They were chosen from the 10,240 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 4,107 companies had the same profile as KASPERS TECHNICS has now. Two years later, 1.0% had gone bankrupt and 98.0% were still going.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
0.9% stopped otherwise
98.0% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of KASPERS TECHNICS itself: 1.1% within 12 months.

Test of the method

The method was tested on the 497,445 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 4,107 companies, not a prediction for KASPERS 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.

Subsidies and aid

Flemish government

2022 to 2024 · 5 entries · €9,017 awarded · €9,471 paid
Year Entries AwardedPaid
2024 1 €5,114€5,050
2023 2 €2,460€2,978
2022 2 €1,443€1,443
Schemes
3 entries · €6,387 · €6,841 paid · Fonds voor Innoveren en Ondernemen
2 entries · €2,630 · €2,630 paid · Departement Werk en Sociale Economie
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines

Source: Annual accounts 2025 at the NBB, filed on 15-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€3.8m€3.1m▼
Fixed assets21/28€1.0m€0.8m▼
Tangible fixed assets22/27€1.0m€0.8m▼
Land and buildings22€0.7m€0.6m▼
Plant, machinery and equipment23€0.02m€0.01m▼
Furniture and vehicles24€0.3m€0.2m▼
Current assets29/58€2.9m€2.2m▼
Amounts receivable after more than one year29€1.0m€1.0m=
Other amounts receivable291€1.0m€1.0m=
Stocks and contracts in progress3€0.9m€0.6m▼
Stocks30/36€0.5m€0.5m▼
Contracts in progress37€0.5m€0.1m▼
Amounts receivable within one year40/41€0.8m€0.6m▼
Trade receivables40€0.4m€0.4m▼
Other amounts receivable41€0.4m€0.2m▼
Cash at bank and in hand54/58€0.03m€0.05m▲
Deferred charges and accrued income490/1€0.1m€0.01m▼
Equity and liabilities
Total equity and liabilities10/49€3.8m€3.1m▼
Equity10/15€0.4m€0.5m▲
Contributions10/11€0.03m€0.03m=
Reserves13€0.1m€0.1m=
Tax-exempt reserves132€0-
Distributable reserves133€0.1m€0.1m=
Profit (loss) carried forward14€0.2m€0.3m▲
Amounts payable17/49€3.5m€2.6m▼
Amounts payable after more than one year17€0.2m€0.1m▼
Financial debts170/4€0.2m€0.1m▼
Amounts payable within one year42/48€3.2m€2.5m▼
Current portion of amounts payable after more than one year42€0.1m€0.09m▼
Financial debts43€1.3m€1.3m▼
Credit institutions430/8€1.3m€1.3m▼
Trade debts44€0.8m€0.6m▼
Suppliers440/4€0.8m€0.6m▼
Advances received on contracts in progress46€0.1m€0.2m▲
Taxes, remuneration and social security45€0.6m€0.3m▼
Taxes450/3€0.2m€0.03m▼
Remuneration and social security454/9€0.4m€0.3m▼
Other amounts payable47/48€0.3m€0.02m▼
Accrued charges and deferred income492/3€0€0.009m▲
Income statement Code20242025
Non-recurring operating income76A€0.009m€0▼
Remuneration, social security and pensions62€1.5m€1.2m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€11€0▲
Other operating charges640/8€0.09m€0.02m▼
Non-recurring operating charges66A€0.02m€0▼
Gross operating margin9900€1.6m€1.6m▼
Operating profit (loss)9901-€0.09m€0.2m▲
Financial income75/76B€0.04m€0.02m▼
Recurring financial income75€0.04m€0.02m▼
Financial charges65/66B€0.1m€0.2m▲
Recurring financial charges65€0.1m€0.2m▲
Profit (loss) for the period before taxes9903-€0.2m€0.08m▲
Income taxes67/77€0.001m€0.001m▼
Profit (loss) for the period9904-€0.2m€0.08m▲
Transfer from tax-exempt reserves789€0.04m€0▼
Profit (loss) for the period to be appropriated9905-€0.2m€0.08m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.2m€0.3m▲
Profit (loss) brought forward from the previous period14P€0.4m€0.2m▼
Social balance sheet
Average headcount (FTE)908721.021.0=

The notes to these accounts have 23 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.

Line20182019202020212022202320242025Change
Non-recurring operating income76A---€0-€0.001m€0.009m€0▼ 100%
Remuneration, social security and pensions62---€0.9m€1.3m€1.5m€1.5m€1.2m▼ 20.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.2m€0.2m€0.1m€0.1m€0.1m€0.1m€0.1m▲ 15.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0.02m-€95-€0.02m-€11€0-
Other operating charges640/8---€0.04m€0.01m€0.03m€0.09m€0.02m▼ 82.4%
Non-recurring operating charges66A---€0€0.02m€0€0.02m€0▼ 100%
Gross operating margin9900€1.3m€1.4m€1.3m€1.2m€1.4m€1.7m€1.6m€1.6m▼ 2.9%
Operating profit (loss)9901€0.09m€0.04m€0.04m€0.08m€0.05m€0.06m-€0.09m€0.2m-
Financial income75/76B---€0.004m€0.007m€0.01m€0.04m€0.02m▼ 45.8%
Recurring financial income75€0.002m€0.007m€0.001m€0.004m€0.007m€0.01m€0.04m€0.02m▼ 45.8%
Financial charges65/66B---€0.05m€0.04m€0.09m€0.1m€0.2m▲ 27.8%
Recurring financial charges65€0.02m€0.02m€0.02m€0.05m€0.04m€0.09m€0.1m€0.2m▲ 27.8%
Profit (loss) for the period before taxes9903€0.07m€0.03m€0.02m€0.04m€0.009m-€0.01m-€0.2m€0.08m-
Income taxes67/77€0.001m€0.001m€0.005m€0.02m€0.008m€0.005m€0.001m€0.001m▼ 5.0%
Profit (loss) for the period9904€0.06m€0.03m€0.01m€0.02m€0.001m-€0.02m-€0.2m€0.08m-
Transfer from tax-exempt reserves789------€0.04m€0▼ 100%
Profit (loss) for the period to be appropriated9905€0.06m€0.03m€0.01m€0.02m€0.001m-€0.02m-€0.2m€0.08m-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€2.8m€2.4m€2.7m€2.3m€3.1m€3.8m€3.8m€3.1m▼ 19.7%
Formation expenses20€0--------
Fixed assets21/28€1.1m€1.0m€1.0m€0.9m€0.8m€1.0m€1.0m€0.8m▼ 12.3%
Intangible fixed assets21€0--------
Tangible fixed assets22/27€1.1m€1.0m€1.0m€0.9m€0.8m€1.0m€1.0m€0.8m▼ 12.3%
Land and buildings22---€0.8m€0.7m€0.7m€0.7m€0.6m▼ 6.7%
Plant, machinery and equipment23---€0.04m€0.03m€0.03m€0.02m€0.01m▼ 46.6%
Furniture and vehicles24---€0.08m€0.07m€0.3m€0.3m€0.2m▼ 24.2%
Financial fixed assets28€0--------
Current assets29/58€1.7m€1.4m€1.6m€1.4m€2.3m€2.8m€2.9m€2.2m▼ 22.2%
Amounts receivable after more than one year29---€0.5m€0.5m€0.9m€1.0m€1.0m=
Other amounts receivable291---€0.5m€0.5m€0.9m€1.0m€1.0m=
Stocks and contracts in progress3€0.7m€0.5m€0.7m€0.5m€0.7m€0.8m€0.9m€0.6m▼ 38.8%
Stocks30/36---€0.5m€0.7m€0.8m€0.5m€0.5m▼ 5.7%
Contracts in progress37------€0.5m€0.1m▼ 74.3%
Amounts receivable within one year40/41€0.9m€0.8m€0.6m€0.4m€0.9m€1.0m€0.8m€0.6m▼ 27.6%
Trade receivables40---€0.4m€0.8m€0.9m€0.4m€0.4m▼ 5.0%
Other amounts receivable41---€0.02m€0.1m€0.09m€0.4m€0.2m▼ 56.1%
Current investments50/53€0--------
Cash at bank and in hand54/58€0.04m€0.09m€0.04m€0.03m€0.2m€0.02m€0.03m€0.05m▲ 106%
Deferred charges and accrued income490/1---€0.02m€0€0.04m€0.1m€0.01m▼ 89.2%
Equity and liabilities
Total equity and liabilities10/49€2.8m€2.4m€2.7m€2.3m€3.1m€3.8m€3.8m€3.1m▼ 19.7%
Equity10/15€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m€0.4m€0.5m▲ 21.2%
Contributions10/11€0.03m€0.03m-€0.03m€0.03m€0.03m€0.03m€0.03m=
Reserves13€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Non-distributable reserves130/1---€0.003m€0----
Reserves not available under the articles1311---€0.003m€0----
Tax-exempt reserves132---€0.04m€0.04m€0.04m€0--
Distributable reserves133---€0.1m€0.1m€0.1m€0.1m€0.1m=
Profit (loss) carried forward14€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.2m€0.3m▲ 32.9%
Amounts payable17/49€2.2m€1.9m€2.1m€1.8m€2.5m€3.2m€3.5m€2.6m▼ 24.2%
Amounts payable after more than one year17€0.4m€0.4m€0.3m€0.2m€0.1m€0.2m€0.2m€0.1m▼ 40.5%
Financial debts170/4---€0.2m€0.1m€0.2m€0.2m€0.1m▼ 40.5%
Amounts payable within one year42/48€1.8m€1.5m€1.8m€1.5m€2.4m€2.9m€3.2m€2.5m▼ 23.3%
Current portion of amounts payable after more than one year42---€0.08m€0.06m€0.08m€0.1m€0.09m▼ 1.4%
Financial debts43---€0.9m€0.9m€1.3m€1.3m€1.3m▼ 0.1%
Credit institutions430/8---€0.9m€0.9m€1.3m€1.3m€1.3m▼ 0.1%
Trade debts44€0.7m€0.5m€0.8m€0.3m€1.2m€0.9m€0.8m€0.6m▼ 33.8%
Suppliers440/4---€0.3m€1.2m€0.9m€0.8m€0.6m▼ 33.8%
Bills of exchange payable441---€0.007m€0----
Advances received on contracts in progress46---€0.04m€0.09m€0.2m€0.1m€0.2m▲ 42.6%
Taxes, remuneration and social security45---€0.2m€0.2m€0.4m€0.6m€0.3m▼ 48.8%
Taxes450/3---€0.09m€0.05m€0.1m€0.2m€0.03m▼ 81.1%
Remuneration and social security454/9---€0.1m€0.1m€0.3m€0.4m€0.3m▼ 34.1%
Other amounts payable47/48---€0.02m€0.04m€0.04m€0.3m€0.02m▼ 92.9%
Accrued charges and deferred income492/3---€0.001m€0.001m€0.008m€0€0.009m-
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€64,872€26,327€11,998€22,365€605-€18,457-€197,501€80,862-
+ Depreciation and write-downs630€149,297€166,242€166,548€145,722€98,758€108,424€105,995€122,261▲ 15.3%
Operating cash flow (approximation)€214,169€192,569€178,546€168,087€99,363€89,967-€91,506€203,123-
Investment in fixed assets (approximation)--€58,437-€181,555-€2,031-€29,132-€254,920-€83,995-€5,381▲ 93.6%
Change in cash-€45,432-€48,076-€13,060€171,205-€175,643€3,772€28,010▲ 643%

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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Latest 10 of 19 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 15-07-2026 2026-00316465 NBB
31-12-2024 abbreviated format 28-08-2025 2025-00468048 PDF
31-12-2023 abbreviated format 02-07-2024 2024-00210321 PDF
31-12-2022 abbreviated format 18-07-2023 2023-00251409 PDF
31-12-2021 abbreviated format 26-07-2022 2022-20237684 PDF
31-12-2020 abbreviated format 03-06-2021 2021-17300232 PDF
31-12-2019 abbreviated format 16-06-2020 2020-17900235 PDF
31-12-2018 abbreviated format 06-06-2019 2019-16700219 PDF
31-12-2017 abbreviated format 19-07-2018 2018-35800419 PDF
31-12-2016 abbreviated format 29-05-2017 2017-13700223 PDF

Show all 19 filings

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