MY-TECH
ActiveSummary
MY-TECH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €124k and a net result of €5k. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 29% of 1330 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability70▼-5
Solvency52▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.19 in 2023; short-term debt: 59.1% and cash: 0.2% of total assets), and 73.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
26.7%
Return on assets
1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-10-2025, 62 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
62 d late
2023
16 d late
2022
65 d late
2021
40 d late
2020
94 d late
2019
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€124k▲ 3.8%
2023 · €119k
Total assets
€464k▲ 44.6%
2023 · €321k
Net result
€5k▼ 72.6%
2023 · €17k
Working capital
€8k▼ 77.3%
2023 · €34k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€23k▲ 224%€31k▲ 35.6%€51k▲ 61.3%€27k▼ 46.2%€17k▼ 38.2%
Net result€12k▲ 226%€19k▲ 63.7%€33k▲ 71.0%€17k▼ 49.5%€5k▼ 72.6%
Equity€50k▲ 30.6%€70k▲ 38.4%€103k▲ 47.4%€119k▲ 16.2%€124k▲ 3.8%
Total assets€185k▲ 49.0%€330k▲ 78.3%€389k▲ 17.8%€321k▼ 17.6%€464k▲ 44.6%
Debt€135k▲ 57.3%€261k▲ 93.1%€287k▲ 9.9%€202k▼ 29.7%€340k▲ 68.6%
Working capital€8k▲ 26.8%€46k▲ 507%€83k▲ 79.8%€34k▼ 59.6%€8k▼ 77.3%
Staff (FTE)3.56.96.7▼ 2.9%
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 two years in a row; 2024 is 38% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €464k
Fixed assets
€182k ▲ 65.2%
Current assets
€282k ▲ 33.8%
Equity and liabilities €464k
Equity
€124k ▲ 3.8%
Debt
€340k ▲ 68.6%
Debt's share of the balance-sheet total rises from 62.8% to 73.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€63k▲
2023 · €62k
Cash flow
€51k▼
2023 · €52k
Current ratio
1.03▼
2023 · 1.19
Quick ratio
0.79▼
2023 · 1.19
Debt to equity
2.75▲
2023 · 1.69
ROE
3.7%▼
2023 · 14.0%
ROA
1.0%▼
2023 · 5.2%
Interest coverage
7.47▼
2023 · 14.35
Debt ≤ 1 year
€274k▲
2023 · €177k
Debt > 1 year
€66k▲
2023 · €25k
Income taxes
€4k▼
2023 · €7k
Staff costs
€353k▲
2023 · €306k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | - | €10k | - |
| Remuneration, social security and pensions62 | - | €186k | €285k | €306k | €353k | ▲ 15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €24k | €34k | €35k | €46k | ▲ 31.7% |
| Other operating charges640/8 | - | €21k | €18k | €9k | €3k | ▼ 73.2% |
| Non-recurring operating charges66A | - | - | - | - | €2k | - |
| Gross operating margin9900 | €153k | €263k | €388k | €378k | €420k | ▲ 11.3% |
| Operating profit (loss)9901 | €23k | €31k | €51k | €27k | €17k | ▼ 38.2% |
| Financial income75/76B | - | €0 | €65 | €352 | €11 | ▼ 96.9% |
| Recurring financial income75 | - | €0 | €65 | €352 | €11 | ▼ 96.9% |
| Financial charges65/66B | - | €2k | €3k | €4k | €8k | ▲ 94.2% |
| Recurring financial charges65 | €421 | €2k | €3k | €4k | €8k | ▲ 94.2% |
| Profit (loss) for the period before taxes9903 | €23k | €30k | €48k | €23k | €8k | ▼ 63.7% |
| Income taxes67/77 | €11k | €10k | €15k | €7k | €4k | ▼ 41.4% |
| Profit (loss) for the period9904 | €12k | €19k | €33k | €17k | €5k | ▼ 72.6% |
| Profit (loss) for the period to be appropriated9905 | €12k | €19k | €33k | €17k | €5k | ▼ 72.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €185k | €330k | €389k | €321k | €464k | ▲ 44.6% |
| Fixed assets21/28 | €69k | €81k | €92k | €110k | €182k | ▲ 65.2% |
| Tangible fixed assets22/27 | €69k | €81k | €92k | €110k | €182k | ▲ 65.2% |
| Plant, machinery and equipment23 | - | €21k | €12k | €34k | €116k | ▲ 239% |
| Furniture and vehicles24 | - | €36k | €61k | €63k | €66k | ▲ 5.1% |
| Leasing and similar rights25 | - | €24k | €19k | €13k | - | - |
| Current assets29/58 | €116k | €249k | €298k | €211k | €282k | ▲ 33.8% |
| Stocks and contracts in progress3 | €5k | €5k | - | - | €66k | - |
| Stocks30/36 | - | - | - | - | €4k | - |
| Contracts in progress37 | - | €5k | - | - | €63k | - |
| Amounts receivable within one year40/41 | €84k | €207k | €224k | €168k | €196k | ▲ 16.8% |
| Trade receivables40 | - | €203k | €195k | €133k | €161k | ▲ 21.3% |
| Other amounts receivable41 | - | €3k | €29k | €35k | €35k | ▼ 0.1% |
| Cash at bank and in hand54/58 | €27k | €38k | €36k | €15k | €749 | ▼ 94.9% |
| Deferred charges and accrued income490/1 | - | - | €38k | €28k | €19k | ▼ 33.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €185k | €330k | €389k | €321k | €464k | ▲ 44.6% |
| Equity10/15 | €50k | €70k | €103k | €119k | €124k | ▲ 3.8% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €33k | €53k | €86k | €102k | €107k | ▲ 4.5% |
| Amounts payable17/49 | €135k | €261k | €287k | €202k | €340k | ▲ 68.6% |
| Amounts payable after more than one year17 | €27k | €22k | €16k | €25k | €66k | ▲ 168% |
| Financial debts170/4 | - | €22k | €16k | €25k | €66k | ▲ 168% |
| Amounts payable within one year42/48 | €108k | €203k | €214k | €177k | €274k | ▲ 54.9% |
| Current portion of amounts payable after more than one year42 | - | €23k | €21k | €34k | €59k | ▲ 73.0% |
| Financial debts43 | - | - | - | - | €5k | - |
| Credit institutions430/8 | - | - | - | - | €5k | - |
| Trade debts44 | €58k | €121k | €108k | €72k | €72k | ▼ 0.8% |
| Suppliers440/4 | - | €121k | €108k | €72k | €72k | ▼ 0.8% |
| Advances received on contracts in progress46 | - | €25k | €42k | €42k | €42k | = |
| Taxes, remuneration and social security45 | - | €34k | €43k | €28k | €67k | ▲ 140% |
| Taxes450/3 | - | €21k | €30k | €22k | €23k | ▲ 5.9% |
| Remuneration and social security454/9 | - | €12k | €12k | €6k | €44k | ▲ 613% |
| Other amounts payable47/48 | - | - | - | - | €28k | - |
| Accrued charges and deferred income492/3 | - | €36k | €56k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12k | €19k | €33k | €17k | €5k | ▼ 72.6% |
| + Depreciation and write-downs630 | €24k | €24k | €34k | €35k | €46k | ▲ 31.7% |
| Operating cash flow (approximation) | €36k | €43k | €67k | €52k | €51k | ▼ 2.0% |
| Investment in fixed assets (approximation) | - | €-36k | €-45k | €-53k | €-118k | ▼ 120% |
| Change in cash | - | €11k | €-2k | €-21k | €-14k | ▲ 34.0% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 62 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
31-12
Financial
Highest result since 2018net €33k ▲71%
Operating result €51k, net result €33k, both a record.
31-12
Financial
Equity above €100kEq €103k ▲47.4%
5 profitable years in a row build equity to €103k.
09-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 40 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼78.9%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zele · 1 establishment unit since 2015
Ground area
294 m²
Building footprint
221 m²
Volume, LiDAR
1,176 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MY-TECH
since 20152.250.337.444
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42403E0635/00W000 | Flanders | 219 m² | 1 · 146 m² | 10.5 m · 2 fl. |
| 42403E0630/00E000 | Flanders | 75 m² | 1 · 75 m² | 5.6 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 829 EUR awarded · 474 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 829 EUR | 474 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 295 companies in sector 42211 we hold annual accounts for 132. 92 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
42211Civil engineering
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.