ON-TECH
ActiveSummary
ON-TECH has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €304,241 and a net result of €115,680. Equity is growing by ~29.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability97▲+19
Solvency85▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity ample (current ratio 2.48 against 1.66 in 2023; short-term debt: 31% and cash: 48.7% of total assets), and 40.4% of the assets are financed with debt.
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Signals
Two 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
28 d early
2022
28 d early
2021
39 d early
2020
33 d early
2019
23 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 33 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror
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Financials · fiscal year 2024, micro schema
Equity
€304,241▲ 35.4%
2023 · €224,617
Total assets
€510,825▼ 7.5%
2023 · €552,081
Net result
€115,680▲ 186%
2023 · €40,478
Working capital
€233,574▲ 20.6%
2023 · €193,645
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€45,460▲ 3.0%€31,833▼ 30.0%€74,356▲ 134%€59,134▼ 20.5%€166,316▲ 181%
Net result€34,921▲ 12.7%€21,969▼ 37.1%€53,888▲ 145%€40,478▼ 24.9%€115,680▲ 186%
Equity€108,281▲ 47.6%€130,250▲ 20.3%€184,139▲ 41.4%€224,617▲ 22.0%€304,241▲ 35.4%
Total assets€214,943▲ 67.3%€217,616▲ 1.2%€291,429▲ 33.9%€552,081▲ 89.4%€510,825▼ 7.5%
Debt€106,662▲ 93.6%€87,366▼ 18.1%€107,290▲ 22.8%€327,464▲ 205%€206,584▼ 36.9%
Working capital€79,311▲ 55.9%€92,802▲ 17.0%€148,756▲ 60.3%€193,645▲ 30.2%€233,574▲ 20.6%
Staff (FTE)0.31▲ 233%1.3▲ 30.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 181% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €510,825
Fixed assets
€118,929 ▲ 79.4%
Current assets
€391,897 ▼ 19.3%
Equity and liabilities €510,825
Equity
€304,241 ▲ 35.4%
Debt
€206,584 ▼ 36.9%
Debt's share of the balance-sheet total falls from 59.3% to 40.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€186,447▲
2023 · €74,995
Cash flow
€135,811▲
2023 · €56,339
Current ratio
2.48▲
2023 · 1.66
Debt to equity
0.68▼
2023 · 1.46
ROE
38.0%▲
2023 · 18.0%
ROA
22.6%▲
2023 · 7.3%
Interest coverage
52.21▲
2023 · 30.33
Debt ≤ 1 year
€158,323▼
2023 · €292,142
Debt > 1 year
€48,261▲
2023 · €35,322
Income taxes
€47,093▲
2023 · €16,317
Staff costs
€63,966▲
2023 · €46,979
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 26,964 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,980 | €0 | €8,240 | - |
| Remuneration, social security and pensions62 | - | - | €11,131 | €46,979 | €63,966 | ▲ 36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,379 | €24,134 | €21,239 | €15,861 | €20,131 | ▲ 26.9% |
| Other operating charges640/8 | - | €608 | €629 | €733 | €799 | ▲ 9.0% |
| Non-recurring operating charges66A | - | €0 | - | €247 | €63 | ▼ 74.5% |
| Gross operating margin9900 | €66,448 | €56,575 | €107,355 | €122,954 | €251,275 | ▲ 104% |
| Operating profit (loss)9901 | €45,460 | €31,833 | €74,356 | €59,134 | €166,316 | ▲ 181% |
| Financial income75/76B | - | €7 | €756 | €134 | €28 | ▼ 79.0% |
| Recurring financial income75 | €118 | €7 | €756 | €134 | €28 | ▼ 79.0% |
| Financial charges65/66B | - | €2,107 | €1,112 | €2,473 | €3,571 | ▲ 44.4% |
| Recurring financial charges65 | €1,656 | €2,107 | €1,112 | €2,473 | €3,571 | ▲ 44.4% |
| Profit (loss) for the period before taxes9903 | €43,922 | €29,733 | €73,999 | €56,795 | €162,773 | ▲ 187% |
| Income taxes67/77 | €9,001 | €7,764 | €20,110 | €16,317 | €47,093 | ▲ 189% |
| Profit (loss) for the period9904 | €34,921 | €21,969 | €53,888 | €40,478 | €115,680 | ▲ 186% |
| Profit (loss) for the period to be appropriated9905 | €34,921 | €21,969 | €53,888 | €40,478 | €115,680 | ▲ 186% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €214,943 | €217,616 | €291,429 | €552,081 | €510,825 | ▼ 7.5% |
| Fixed assets21/28 | €94,120 | €85,521 | €77,127 | €66,295 | €118,929 | ▲ 79.4% |
| Tangible fixed assets22/27 | €94,120 | €85,521 | €77,127 | €66,295 | €118,929 | ▲ 79.4% |
| Land and buildings22 | - | €68,598 | €60,625 | €52,652 | €50,978 | ▼ 3.2% |
| Plant, machinery and equipment23 | - | €8,141 | €9,642 | €8,920 | €25,329 | ▲ 184% |
| Furniture and vehicles24 | - | €3,941 | €6,860 | €4,723 | €2,051 | ▼ 56.6% |
| Leasing and similar rights25 | - | €4,842 | €0 | - | €40,571 | - |
| Current assets29/58 | €120,823 | €132,095 | €214,302 | €485,786 | €391,897 | ▼ 19.3% |
| Amounts receivable within one year40/41 | €35,276 | €31,105 | €64,728 | €215,234 | €126,691 | ▼ 41.1% |
| Trade receivables40 | - | €15,729 | €39,659 | €193,772 | €97,096 | ▼ 49.9% |
| Other amounts receivable41 | - | €15,376 | €25,070 | €21,462 | €29,596 | ▲ 37.9% |
| Cash at bank and in hand54/58 | €85,547 | €100,435 | €147,474 | €248,834 | €248,797 | = |
| Deferred charges and accrued income490/1 | - | €554 | €2,099 | €21,718 | €16,408 | ▼ 24.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €214,943 | €217,616 | €291,429 | €552,081 | €510,825 | ▼ 7.5% |
| Equity10/15 | €108,281 | €130,250 | €184,139 | €224,617 | €304,241 | ▲ 35.4% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €102,081 | €124,050 | €177,939 | €218,417 | €298,041 | ▲ 36.5% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Tax-exempt reserves132 | - | €109 | €109 | €109 | €109 | = |
| Distributable reserves133 | - | €122,081 | €175,970 | €218,308 | €297,932 | ▲ 36.5% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €106,662 | €87,366 | €107,290 | €327,464 | €206,584 | ▼ 36.9% |
| Amounts payable after more than one year17 | €64,355 | €48,073 | €41,745 | €35,322 | €48,261 | ▲ 36.6% |
| Financial debts170/4 | - | €48,073 | €41,745 | €35,322 | €48,261 | ▲ 36.6% |
| Amounts payable within one year42/48 | €41,513 | €39,293 | €65,546 | €292,142 | €158,323 | ▼ 45.8% |
| Current portion of amounts payable after more than one year42 | - | €21,302 | €11,352 | €11,504 | €24,124 | ▲ 110% |
| Trade debts44 | €13,164 | €13,289 | €40,914 | €112,569 | €62,446 | ▼ 44.5% |
| Suppliers440/4 | - | €13,289 | €40,914 | €112,569 | €62,446 | ▼ 44.5% |
| Advances received on contracts in progress46 | - | - | - | €154,567 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €4,683 | €9,576 | €9,827 | €28,211 | ▲ 187% |
| Taxes450/3 | - | €4,683 | €6,864 | €4,412 | €21,001 | ▲ 376% |
| Remuneration and social security454/9 | - | - | €2,712 | €5,415 | €7,210 | ▲ 33.1% |
| Other amounts payable47/48 | - | €19 | €3,703 | €3,675 | €43,541 | ▲ 1,085% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €34,921 | €21,969 | €53,888 | €40,478 | €115,680 | ▲ 186% |
| + Depreciation and write-downs630 | €20,379 | €24,134 | €21,239 | €15,861 | €20,131 | ▲ 26.9% |
| Operating cash flow (approximation) | €55,300 | €46,103 | €75,127 | €56,339 | €135,811 | ▲ 141% |
| Investment in fixed assets (approximation) | - | -€15,535 | -€12,845 | -€5,028 | -€72,765 | ▼ 1,347% |
| Change in cash | - | €14,888 | €47,038 | €101,360 | -€37 | ▼ 100% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €115,680 ▲186%
Operating result €166,316, net result €115,680, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €224,617 ▲22%
6 profitable years in a row build equity to €224,617.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €184,139 ▲41.4%
5 profitable years in a row build equity to €184,139.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €21,969 ▼37.1%
Net result drops to €21,969, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €108,281 ▲47.6%
3 profitable years in a row build equity to €108,281.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Kruisem · 1 establishment unit since 2017
Ground area
821 m²
Building footprint
143 m²
Volume, LiDAR
772 m³
Parcel 45057A0012/00R000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ON-TECH
since 20172.267.311.157
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45057A0012/00R000 | Flanders | 820 m² | 1 · 143 m² | 6.1 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.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 440 EUR awarded · 440 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 192 EUR | 192 EUR |
| 2023 | 1 | 248 EUR | 248 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,547 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
Founded07-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0679632577
Also
9925:BE0679632577
Registered
14-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.