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MICROTECH

Active
Private limited companyfounded 1982active for 44 yearsOude Beurs 56, 2000 Antwerpen, BelgiumKBO/BCE: BE 0422.736.886

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 08-07-2026 at the NBB all 43 filings

Turnover
≈ €190,000
Estimated: probably between €130,000 and €330,000
Total assets
€354,247▼ 17.0%
2024 · €426,668
Net result
€24,235▼ 25.7%
2024 · €32,614
Working capital
€75,456▼ 43.3%
2024 · €133,147
Trend over the years

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

The operating result for 2025 is 15% lower than in 2024 and the lowest since 2021. It is the fourth fall in a row.

Operating result€37,289 2025 Net result€24,235 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 Rental and leasing activities (NACE 77). 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 and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€34,420-€97,032▲ 182%€56,057▼ 42.2%€59,544▲ 6.2%€54,947▼ 7.7%€54,811▼ 0.2%€43,955▼ 19.8%€37,289▼ 15.2%
Net result€30,505-€70,959▲ 133%€39,652above the sector's middle half▼ 44.1%€42,532above the sector's middle half▲ 7.3%€38,148above the sector's middle half▼ 10.3%€37,910above the sector's middle half▼ 0.6%€32,614above the sector's middle half▼ 14.0%€24,235within the sector's middle half▼ 25.7%
Equity€82,627-€153,586▲ 85.9%€193,238above the sector's middle half▲ 25.8%€190,769above the sector's middle half▼ 1.3%€190,769above the sector's middle half=€228,679above the sector's middle half▲ 19.9%€230,789above the sector's middle half▲ 0.9%€184,065above the sector's middle half▼ 20.2%
Total assets€156,362-€230,681▲ 47.5%€266,478within the sector's middle half▲ 15.5%€257,549within the sector's middle half▼ 3.4%€425,373within the sector's middle half▲ 65.2%€458,178within the sector's middle half▲ 7.7%€426,668within the sector's middle half▼ 6.9%€354,247within the sector's middle half▼ 17.0%
Debt€73,735-€77,095▲ 4.6%€73,240▼ 5.0%€66,779▼ 8.8%€234,603▲ 251%€229,499▼ 2.2%€195,879▼ 14.6%€170,181▼ 13.1%
Working capital€55,721-€141,062▲ 153%€182,987above the sector's middle half▲ 29.7%€184,956above the sector's middle half▲ 1.1%€126,985above the sector's middle half▼ 31.3%€139,275above the sector's middle half▲ 9.7%€133,147above the sector's middle half▼ 4.4%€75,456above the sector's middle half▼ 43.3%
Solvency52.8%-66.6%▲ 13.7pp72.5%above the sector's middle half▲ 5.9pp74.1%above the sector's middle half▲ 1.6pp44.8%within the sector's middle half▼ 29.2pp49.9%within the sector's middle half▲ 5.1pp54.1%within the sector's middle half▲ 4.2pp52.0%within the sector's middle half▼ 2.1pp
Current ratio1.90-2.97▲ 1.073.50above the sector's middle half▲ 0.533.79above the sector's middle half▲ 0.292.77above the sector's middle half▼ 1.023.61above the sector's middle half▲ 0.854.05above the sector's middle half▲ 0.442.89above the sector's middle half▼ 1.15
Return on assets (ROA)19.5%-30.8%▲ 11.3pp14.9%above the sector's middle half▼ 15.9pp16.5%above the sector's middle half▲ 1.6pp9.0%within the sector's middle half▼ 7.5pp8.3%within the sector's middle half▼ 0.7pp7.6%within the sector's middle half▼ 0.6pp6.8%within the sector's middle half▼ 0.8pp
above within below The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). 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 micro 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 €354,247
Fixed assets €238,957 ▼ 4.4%
Current assets €115,290 ▼ 34.8%
Equity and liabilities €354,247
Equity €184,065 ▼ 20.2%
Debt €170,181 ▼ 13.1%
Debt's share of the balance-sheet total rises from 45.9% to 48.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€62,751▼
2024 · €69,828
Cash flow
€49,697▼
2024 · €58,487
Debt to equity
0.92▲
2024 · 0.85
ROE
13.2%▼
2024 · 14.1%
Interest coverage
18.48▲
2024 · 16.38
Debt ≤ 1 year
€39,833▼
2024 · €43,679
Debt > 1 year
€130,164▼
2024 · €152,001
Income taxes
€9,709▲
2024 · €9,340
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 MICROTECH: rental and leasing activities (NACE 77221). They are comparable in size and age: total assets between €209,000 and €590,000, founded between 1991 and 1998.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
MICROTECH Antwerpen1982€354,247€184,065€64,228€24,235-2025
SCHRIEKS VERHUUR BEDRIJF Heist-op-den-Berg1994€243,702€169,342€45,057€30,463-2025
MIREMA Heist-op-den-Berg1998€209,492€149,016€49,775€5,487-2025
Atelier d’Architecture Daniel PIEDBOEUF – GESTISERVICE et Associés Liège1991€219,772€171,554€47,906€21,977-2025
Geco-Rent Stekene1997€309,839€218,483€83,578€18,759-2025
Bamatec Tielt1998€425,418€76,300€81,156€26,007-2026
LOCA J ET D Mons1991€589,648€178,594€114,330-€50,32032025

They were chosen from the 128 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, 31,368 companies had the same profile as MICROTECH has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of MICROTECH itself: < 0.1% 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 31,368 companies, not a prediction for MICROTECH. 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 2023 · 2 entries · €3,062 awarded · €3,062 paid
Year Entries AwardedPaid
2023 1 €2,413€2,413
2022 1 €649€649
Schemes
2 entries · €3,062 · €3,062 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines

Source: Annual accounts 2025 at the NBB, filed on 08-07-2026.

Balance sheet Code20242025
Assets
Total assets20/58€426,668€354,247▼
Fixed assets21/28€249,841€238,957▼
Tangible fixed assets22/27€222,816€198,994▼
Land and buildings22€173,637€163,089▼
Plant, machinery and equipment23€846-
Furniture and vehicles24€48,333€35,906▼
Financial fixed assets28€27,026€39,963▲
Current assets29/58€176,827€115,290▼
Amounts receivable within one year40/41€47,967€28,292▼
Trade receivables40€38,532€17,898▼
Other amounts receivable41€9,435€10,394▲
Current investments50/53€75,000€0▼
Cash at bank and in hand54/58€50,634€86,837▲
Deferred charges and accrued income490/1€3,226€161▼
Equity and liabilities
Total equity and liabilities10/49€426,668€354,247▼
Equity10/15€230,789€184,065▼
Contributions10/11€25,000€25,000=
Reserves13€205,789€159,065▼
Distributable reserves133€205,789€159,065▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€195,879€170,181▼
Amounts payable after more than one year17€152,001€130,164▼
Financial debts170/4€152,001€130,164▼
Amounts payable within one year42/48€43,679€39,833▼
Current portion of amounts payable after more than one year42€21,559€22,138▲
Trade debts44€6,950€7,860▲
Suppliers440/4€6,950€7,860▲
Taxes, remuneration and social security45€13,115€9,746▼
Taxes450/3€11,769€9,746▼
Remuneration and social security454/9€1,346€0▼
Other amounts payable47/48€2,056€89▼
Accrued charges and deferred income492/3€199€184▼
Income statement Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25,873€25,461▼
Other operating charges640/8€1,546€1,477▼
Gross operating margin9900€71,373€64,228▼
Operating profit (loss)9901€43,955€37,289▼
Financial income75/76B€2,263€51▼
Recurring financial income75€2,263€51▼
Financial charges65/66B€4,264€3,396▼
Recurring financial charges65€4,264€3,396▼
Profit (loss) for the period before taxes9903€41,954€33,944▼
Income taxes67/77€9,340€9,709▲
Profit (loss) for the period9904€32,614€24,235▼
Profit (loss) for the period to be appropriated9905€32,614€24,235▼
Appropriation of the result
Profit (loss) to be appropriated9906€32,614€24,235▼
Transfer from equity791/2€30,505€70,959▲
Transfer to equity691/2€32,614€24,235▼
To other reserves6921€32,614€24,235▼
Profit to be distributed694/7€30,505€70,959▲
Return on contributions (dividend)694€30,505€70,959▲

The notes to these accounts have 12 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-----€13,964€0--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,572€8,447€8,539€8,939€12,886€21,642€25,873€25,461▼ 1.6%
Other operating charges640/8---€1,337€1,188€3,724€1,546€1,477▼ 4.4%
Gross operating margin9900€53,470€106,793€65,927€69,819€69,022€80,177€71,373€64,228▼ 10.0%
Operating profit (loss)9901€34,420€97,032€56,057€59,544€54,947€54,811€43,955€37,289▼ 15.2%
Financial income75/76B---€9€19€0€2,263€51▼ 97.7%
Recurring financial income75€4€12€176€9€19€0€2,263€51▼ 97.7%
Financial charges65/66B---€1,211€3,553€4,538€4,264€3,396▼ 20.3%
Recurring financial charges65€673€651€520€1,211€3,553€4,538€4,264€3,396▼ 20.3%
Profit (loss) for the period before taxes9903€33,751€96,393€55,713€58,341€51,413€50,273€41,954€33,944▼ 19.1%
Income taxes67/77€3,246€25,434€16,061€15,809€13,264€12,364€9,340€9,709▲ 4.0%
Profit (loss) for the period9904€30,505€70,959€39,652€42,532€38,148€37,910€32,614€24,235▼ 25.7%
Transfer from tax-exempt reserves789---€10,000€0----
Profit (loss) for the period to be appropriated9905€30,505€70,959€39,652€52,532€38,148€37,910€32,614€24,235▼ 25.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€156,362€230,681€266,478€257,549€425,373€458,178€426,668€354,247▼ 17.0%
Fixed assets21/28€38,521€18,048€10,277€6,286€226,504€265,577€249,841€238,957▼ 4.4%
Tangible fixed assets22/27€38,521€18,048€10,277€6,286€206,404€238,551€222,816€198,994▼ 10.7%
Land and buildings22---€2,338€194,734€184,185€173,637€163,089▼ 6.1%
Plant, machinery and equipment23---€3,427€2,013€1,292€846--
Furniture and vehicles24---€522€9,658€53,074€48,333€35,906▼ 25.7%
Financial fixed assets28----€20,100€27,026€27,026€39,963▲ 47.9%
Current assets29/58€117,841€212,632€256,201€251,263€198,868€192,602€176,827€115,290▼ 34.8%
Stocks and contracts in progress3€2,177€1,476€0------
Amounts receivable within one year40/41€27,070€24,023€17,225€16,061€46,640€66,971€47,967€28,292▼ 41.0%
Trade receivables40---€14,686€43,530€57,434€38,532€17,898▼ 53.6%
Other amounts receivable41---€1,375€3,110€9,538€9,435€10,394▲ 10.2%
Current investments50/53------€75,000€0▼ 100%
Cash at bank and in hand54/58€85,628€184,015€237,934€234,249€151,263€124,061€50,634€86,837▲ 71.5%
Deferred charges and accrued income490/1---€952€966€1,569€3,226€161▼ 95.0%
Equity and liabilities
Total equity and liabilities10/49€156,362€230,681€266,478€257,549€425,373€458,178€426,668€354,247▼ 17.0%
Equity10/15€82,627€153,586€193,238€190,769€190,769€228,679€230,789€184,065▼ 20.2%
Contributions10/11€25,000€25,000-€25,000€25,000€25,000€25,000€25,000=
Reserves13€57,627€128,586€168,238€165,769€165,769€203,679€205,789€159,065▼ 22.7%
Non-distributable reserves130/1---€2,500€2,500€0---
Reserves not available under the articles1311---€2,500€2,500€0---
Tax-exempt reserves132---€0-----
Distributable reserves133---€163,269€163,269€203,679€205,789€159,065▼ 22.7%
Profit (loss) carried forward14---€0€0€0€0€0-
Amounts payable17/49€73,735€77,095€73,240€66,779€234,603€229,499€195,879€170,181▼ 13.1%
Amounts payable after more than one year17€11,615€5,313€0-€159,333€173,239€152,001€130,164▼ 14.4%
Financial debts170/4----€159,333€173,239€152,001€130,164▼ 14.4%
Amounts payable within one year42/48€62,120€71,570€73,214€66,307€71,884€53,327€43,679€39,833▼ 8.8%
Current portion of amounts payable after more than one year42---€0€11,759€20,998€21,559€22,138▲ 2.7%
Trade debts44€1,755€11,124€2,505€1,197€2,296€4,751€6,950€7,860▲ 13.1%
Suppliers440/4---€1,197€2,296€4,751€6,950€7,860▲ 13.1%
Taxes, remuneration and social security45---€14,405€13,985€25,104€13,115€9,746▼ 25.7%
Taxes450/3---€11,360€10,923€25,104€11,769€9,746▼ 17.2%
Remuneration and social security454/9---€3,045€3,062€0€1,346€0▼ 100%
Other amounts payable47/48---€50,704€43,844€2,473€2,056€89▼ 95.7%
Accrued charges and deferred income492/3---€473€3,387€2,934€199€184▼ 7.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€30,505€70,959€39,652€42,532€38,148€37,910€32,614€24,235▼ 25.7%
+ Depreciation and write-downs630€17,572€8,447€8,539€8,939€12,886€21,642€25,873€25,461▼ 1.6%
Operating cash flow (approximation)€48,076€79,405€48,191€51,471€51,035€59,552€58,487€49,697▼ 15.0%
Investment in fixed assets (approximation)-€12,025-€767-€4,949-€233,105-€60,714-€10,137-€14,577▼ 43.8%
Change in cash-€98,388€53,919-€3,685-€82,986-€27,202-€73,427€36,203-

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 43 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 08-07-2026 2026-00268645 NBB
31-12-2024 micro format 26-06-2025 2025-00184045 PDF
31-12-2023 micro format 21-06-2024 2024-00150481 PDF
31-12-2022 micro format 11-07-2023 2023-00224135 PDF
31-12-2021 micro format 03-06-2022 2022-20045269 PDF
31-12-2020 micro format 21-05-2021 2021-14700214 PDF
31-12-2019 micro format 02-07-2020 2020-24300286 PDF
31-12-2018 micro format 27-06-2019 2019-23000183 PDF
31-12-2017 micro format 20-07-2018 2018-35000023 PDF
31-12-2016 micro format 14-07-2017 2017-30800346 PDF

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