NoTech Belgium
ActiveSummary
NoTech Belgium has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115k and a net result of €100. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 18% of 729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▲+2
Solvency38▲+4
Growth52=
Track record94
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 36.8 against 1.1 in 2024; short-term debt: 2.7% and cash: 7.1% of total assets), but 86.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
13.1%
Return on assets
0%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 729 sector peers (2025).
NBB · sector comparisonPosition among 729 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
1 d late
2022
113 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€100▼ 96.1%
2024 · €3k
2022: €8khighest in 4 years
2023: €4k▼ -50.0% vs 2022
2024: €3k▼ -37.3% vs 2023
2025: €100▼ -96.1% vs 2024lowest in 4 years
2022 → 2025
Working capital
€844k▲ 600%
2024 · €121k
2022: €83klowest in 4 years
2023: €119k▲ +43.3% vs 2022
2024: €121k▲ +1.3% vs 2023
2025: €844k▲ +600% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€108k-€112k▲ 3.8%€115k▲ 2.3%€115k▲ 0.1%
2022: €108klowest in 4 years
2023: €112k▲ +3.8% vs 2022
2024: €115k▲ +2.3% vs 2023
2025: €115k▲ +0.1% vs 2024highest in 4 years
Operating result€19k-€46k▲ 146%€19k▼ 58.9%€15k▼ 20.5%
2022: €19k
2023: €46k▲ +146% vs 2022highest in 4 years
2024: €19k▼ -58.9% vs 2023
2025: €15k▼ -20.5% vs 2024lowest in 4 years
Net result€8k-€4k▼ 50.0%€3k▼ 37.3%€100▼ 96.1%
2022: €8khighest in 4 years
2023: €4k▼ -50.0% vs 2022
2024: €3k▼ -37.3% vs 2023
2025: €100▼ -96.1% vs 2024lowest in 4 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 21% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €876k
Fixed assets
€8k ▼ 38.7%
Current assets
€868k ▼ 31.7%
Equity and liabilities €876k
Equity
€115k ▲ 0.1%
Debt
€761k ▼ 34.9%
Debt's share of the balance-sheet total falls from 91.0% to 86.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20k▼
2024 · €24k
Cash flow
€5k▼
2024 · €8k
Current ratio
36.80▲
2024 · 1.10
Quick ratio
24.34▲
2024 · 0.82
Debt to equity
6.61▼
2024 · 10.17
ROE
0.1%▼
2024 · 2.2%
ROA
0.0%▼
2024 · 0.2%
Interest coverage
0.97▲
2024 · 0.75
Debt ≤ 1 year
€24k▼
2024 · €1.15M
Debt > 1 year
€715k
Income taxes
€36▼
2024 · €862
Staff costs
€0▲
2024 · €-1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.28M€876k▼
Fixed assets21/28€13k€8k▼
Tangible fixed assets22/27€10k€5k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€8k€4k▼
Financial fixed assets28€3k€3k=
Current assets29/58€1.27M€868k▼
Amounts receivable after more than one year29€475k€225k▼
Other amounts receivable291€475k€225k▼
Stocks and contracts in progress3€326k€294k▼
Stocks30/36€326k€294k▼
Amounts receivable within one year40/41€372k€271k▼
Trade receivables40€304k€262k▼
Other amounts receivable41€68k€9k▼
Cash at bank and in hand54/58€79k€62k▼
Deferred charges and accrued income490/1€19k€16k▼
Equity and liabilities
Total equity and liabilities10/49€1.28M€876k▼
Equity10/15€115k€115k▲
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€15k€15k▲
Non-distributable reserves130/1€10k€10k=
Legal reserve130€10k€10k=
Distributable reserves133€5k€5k▲
Amounts payable17/49€1.17M€761k▼
Amounts payable after more than one year17-€715k
Financial debts170/4-€715k
Amounts payable within one year42/48€1.15M€24k▼
Trade debts44€16k€21k▲
Suppliers440/4€16k€21k▲
Taxes, remuneration and social security45€0€3k▲
Taxes450/3€0€3k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€1.14M€0▼
Accrued charges and deferred income492/3€19k€22k▲
Income statement
Code20242025
Non-recurring operating income76A€220€0▼
Remuneration, social security and pensions62€-1k€0▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€1k€1k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€24k€21k▼
Operating profit (loss)9901€19k€15k▼
Financial income75/76B€16k€6k▼
Recurring financial income75€16k€6k▼
Financial charges65/66B€32k€21k▼
Recurring financial charges65€32k€21k▼
Profit (loss) for the period before taxes9903€3k€136▼
Income taxes67/77€862€36▼
Profit (loss) for the period9904€3k€100▼
Profit (loss) for the period to be appropriated9905€3k€100▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€100▼
Transfer from equity791/2€9k€0▼
Transfer to equity691/2€12k€100▼
To the legal reserve6920€9k€0▼
To other reserves6921€2k€100▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €9 | €220 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €289k | €-20k | €-1k | €0 | ▲ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €5k | €5k | €5k | = |
| Other operating charges640/8 | €795 | €402 | €1k | €1k | ▼ 6.8% |
| Non-recurring operating charges66A | - | €45 | €0 | - | - |
| Gross operating margin9900 | €318k | €32k | €24k | €21k | ▼ 10.4% |
| Operating profit (loss)9901 | €19k | €46k | €19k | €15k | ▼ 20.5% |
| Financial income75/76B | €3k | €3k | €16k | €6k | ▼ 65.1% |
| Recurring financial income75 | €3k | €3k | €16k | €6k | ▼ 65.1% |
| Financial charges65/66B | €10k | €43k | €32k | €21k | ▼ 35.3% |
| Recurring financial charges65 | €10k | €43k | €32k | €21k | ▼ 35.3% |
| Profit (loss) for the period before taxes9903 | €11k | €6k | €3k | €136 | ▼ 96.0% |
| Income taxes67/77 | €3k | €2k | €862 | €36 | ▼ 95.8% |
| Profit (loss) for the period9904 | €8k | €4k | €3k | €100 | ▼ 96.1% |
| Profit (loss) for the period to be appropriated9905 | €8k | €4k | €3k | €100 | ▼ 96.1% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.91M | €1.68M | €1.28M | €876k | ▼ 31.8% |
| Fixed assets21/28 | €28k | €18k | €13k | €8k | ▼ 38.7% |
| Tangible fixed assets22/27 | €25k | €15k | €10k | €5k | ▼ 50.4% |
| Plant, machinery and equipment23 | €4k | €3k | €2k | €1k | ▼ 45.4% |
| Furniture and vehicles24 | €22k | €13k | €8k | €4k | ▼ 51.6% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €1.88M | €1.66M | €1.27M | €868k | ▼ 31.7% |
| Amounts receivable after more than one year29 | - | - | €475k | €225k | ▼ 52.6% |
| Other amounts receivable291 | - | - | €475k | €225k | ▼ 52.6% |
| Stocks and contracts in progress3 | €428k | €371k | €326k | €294k | ▼ 9.9% |
| Stocks30/36 | €428k | €371k | €326k | €294k | ▼ 9.9% |
| Amounts receivable within one year40/41 | €1.31M | €1.22M | €372k | €271k | ▼ 27.1% |
| Trade receivables40 | €1.24M | €1.15M | €304k | €262k | ▼ 13.9% |
| Other amounts receivable41 | €72k | €66k | €68k | €9k | ▼ 86.5% |
| Cash at bank and in hand54/58 | €138k | €70k | €79k | €62k | ▼ 20.9% |
| Deferred charges and accrued income490/1 | €82 | €0 | €19k | €16k | ▼ 18.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.91M | €1.68M | €1.28M | €876k | ▼ 31.8% |
| Equity10/15 | €108k | €112k | €115k | €115k | ▲ 0.1% |
| Contributions10/11 | €100k | €100k | €100k | €100k | = |
| Capital10 | €100k | €100k | €100k | €100k | = |
| Issued capital100 | €600k | €100k | €100k | €100k | = |
| Uncalled capital101 | €500k | €0 | - | - | - |
| Reserves13 | €8k | €12k | €15k | €15k | ▲ 0.7% |
| Non-distributable reserves130/1 | €413 | €619 | €10k | €10k | = |
| Legal reserve130 | €413 | €619 | €10k | €10k | = |
| Distributable reserves133 | €8k | €12k | €5k | €5k | ▲ 2.0% |
| Amounts payable17/49 | €1.80M | €1.57M | €1.17M | €761k | ▼ 34.9% |
| Amounts payable after more than one year17 | - | - | - | €715k | - |
| Financial debts170/4 | - | - | - | €715k | - |
| Amounts payable within one year42/48 | €1.80M | €1.54M | €1.15M | €24k | ▼ 98.0% |
| Trade debts44 | €1.09M | €112k | €16k | €21k | ▲ 32.5% |
| Suppliers440/4 | €1.09M | €112k | €16k | €21k | ▲ 32.5% |
| Taxes, remuneration and social security45 | €70k | €4k | €0 | €3k | - |
| Taxes450/3 | €21k | €3k | €0 | €3k | - |
| Remuneration and social security454/9 | €50k | €1k | €0 | - | - |
| Other amounts payable47/48 | €635k | €1.43M | €1.14M | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €3k | €25k | €19k | €22k | ▲ 19.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €4k | €3k | €100 | ▼ 96.1% |
| + Depreciation and write-downs630 | €10k | €5k | €5k | €5k | = |
| Operating cash flow (approximation) | €18k | €9k | €8k | €5k | ▼ 32.5% |
| Investment in fixed assets (approximation) | - | €5k | €330 | €0 | ▼ 100% |
| Change in cash | - | €-68k | €9k | €-17k | ▼ 292% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €100 ▼96.1%
Net result drops to €100, the lowest in the series.
31-12
Financial
Liquidity times 33current ratio 36.80
Current ratio from 1.10 to 36.80; short-term debt falls from €1.15M to €24k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
21-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 113 days late
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, Gistel · 1 establishment unit since 2021
Ground area
3,627 m²
Building footprint
29 m²
Volume, LiDAR
239 m³
Parcel 35005C0374/00C000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
28
companies at this address
See who is registered here
1 establishment unit
NoTech Belgium
since 20212.344.057.854
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005C0374/00C000 | Flanders | 3,627 m² | 1 · 29 m² | 10.6 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.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 5,253 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
Founded16-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.