PB23 TECHNICS
ActiveSummary
The computed 12-month bankruptcy probability of PB23 TECHNICS is 2.6% (moderate). The annual accounts of PB23 TECHNICS for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €14,455 and a net result of -€15,517. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 28254 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability3▲+3
Solvency37▼-17
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.95 against 1.22 in 2024; short-term debt: 87.9% and cash: 4.9% of total assets), and 87.9% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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 →
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 2025Solvency, return and age of the figures
Solvency
12.1%
Return on assets
-12.9%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2122232425
2021 to 2025 · latest year -€15,517
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-06-2026, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
31 d early
2024
6 d early
2023
91 d late
2022
30 d late
2021
261 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 69 days after 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 (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. Usually files around 30 August (4 of the last 5 filed years within 62 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€143,439
EBIT margin
10.7%
Net result
-€15,517▲ 35.1%
2024 · -€23,894
Working capital
-€5,403
2024 · €16,815
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€143,439-
Operating result€15,361-€17,750▲ 15.6%€25,940▲ 46.1%-€23,559-€14,913▲ 36.7%
Net result€13,484within the sector's middle half-€13,968within the sector's middle half▲ 3.6%€20,414within the sector's middle half▲ 46.1%-€23,894below the sector's middle half-€15,517below the sector's middle half▲ 35.1%
EBIT margin10.7%-
Equity€19,484below the sector's middle half-€33,452within the sector's middle half▲ 71.7%€53,866within the sector's middle half▲ 61.0%€29,972within the sector's middle half▼ 44.4%€14,455below the sector's middle half▼ 51.8%
Total assets€71,886within the sector's middle half-€74,711within the sector's middle half▲ 3.9%€114,094within the sector's middle half▲ 52.7%€104,894within the sector's middle half▼ 8.1%€119,849within the sector's middle half▲ 14.3%
Debt€52,402-€41,259▼ 21.3%€60,228▲ 46.0%€74,922▲ 24.4%€105,394▲ 40.7%
Working capital-€14,723below the sector's middle half-€5,609within the sector's middle half€33,613within the sector's middle half▲ 499%€16,815within the sector's middle half▼ 50.0%-€5,403below the sector's middle half
Solvency27.1%within the sector's middle half-44.8%within the sector's middle half▲ 17.7pp47.2%within the sector's middle half▲ 2.4pp28.6%within the sector's middle half▼ 18.6pp12.1%below the sector's middle half▼ 16.5pp
Current ratio0.72below the sector's middle half-1.14within the sector's middle half▲ 0.421.56within the sector's middle half▲ 0.421.22within the sector's middle half▼ 0.330.95below the sector's middle half▼ 0.28
Return on assets (ROA)18.8%above the sector's middle half-18.7%above the sector's middle half▼ 0.1pp17.9%above the sector's middle half▼ 0.8pp-22.8%below the sector's middle half▼ 40.7pp-12.9%below the sector's middle half▲ 9.8pp
Staff (FTE)0.21▲ 400%1.7▲ 70.0%1▼ 41.2%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14,913 in 2025 against €23,559 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119,849
Fixed assets
€19,858 ▲ 50.9%
Current assets
€99,991 ▲ 9.0%
Equity and liabilities €119,849
Equity
€14,455 ▼ 51.8%
Debt
€105,394 ▲ 40.7%
Debt's share of the balance-sheet total rises from 71.4% to 87.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€6,523▲
2024 · -€16,462
Cash flow
-€7,128▲
2024 · -€16,797
Quick ratio
0.58▼
2024 · 0.80
Debt to equity
7.29▲
2024 · 2.50
ROE
-107.3%▼
2024 · -79.7%
Interest coverage
-5.90▲
2024 · -49.05
Debt ≤ 1 year
€105,394▲
2024 · €74,922
Staff costs
€69,012▼
2024 · €102,528
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,135 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
5.9%
went bankrupt
6.5%
stopped otherwise
86%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.6% 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 497,662 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% | 1.7% |
| 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 75% 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 1,135 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €143,439 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €125,955 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €2,522 | €61,219 | €102,528 | €69,012 | ▼ 32.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,945 | €7,480 | €7,590 | €7,097 | €8,389 | ▲ 18.2% |
| Other operating charges640/8 | €633 | €559 | €763 | €321 | €992 | ▲ 209% |
| Gross operating margin9900 | €17,940 | €28,311 | €95,511 | €86,387 | €63,480 | ▼ 26.5% |
| Operating profit (loss)9901 | €15,361 | €17,750 | €25,940 | -€23,559 | -€14,913 | ▲ 36.7% |
| Financial income75/76B | - | - | €1 | €1 | €502 | ▲ 89,566% |
| Recurring financial income75 | - | - | €1 | €1 | €2 | ▲ 280% |
| Non-recurring financial income76B | - | - | - | - | €500 | - |
| Financial charges65/66B | €225 | €190 | €260 | €336 | €1,106 | ▲ 230% |
| Recurring financial charges65 | €225 | €190 | €260 | €336 | €1,106 | ▲ 230% |
| Profit (loss) for the period before taxes9903 | €15,136 | €17,560 | €25,681 | -€23,894 | -€15,517 | ▲ 35.1% |
| Income taxes67/77 | €1,652 | €3,593 | €5,267 | - | - | - |
| Profit (loss) for the period9904 | €13,484 | €13,968 | €20,414 | -€23,894 | -€15,517 | ▲ 35.1% |
| Profit (loss) for the period to be appropriated9905 | €13,484 | €13,968 | €20,414 | -€23,894 | -€15,517 | ▲ 35.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,886 | €74,711 | €114,094 | €104,894 | €119,849 | ▲ 14.3% |
| Fixed assets21/28 | €34,207 | €27,843 | €20,253 | €13,156 | €19,858 | ▲ 50.9% |
| Tangible fixed assets22/27 | €34,207 | €27,843 | €20,253 | €13,156 | €19,858 | ▲ 50.9% |
| Plant, machinery and equipment23 | €9,437 | €8,686 | €6,709 | €4,732 | €4,493 | ▼ 5.1% |
| Furniture and vehicles24 | €24,770 | €19,157 | €13,544 | €8,424 | €15,365 | ▲ 82.4% |
| Current assets29/58 | €37,679 | €46,868 | €93,841 | €91,737 | €99,991 | ▲ 9.0% |
| Stocks and contracts in progress3 | - | €4,348 | €3,894 | €32,067 | €38,496 | ▲ 20.0% |
| Stocks30/36 | - | €4,348 | €3,894 | €32,067 | €38,496 | ▲ 20.0% |
| Amounts receivable within one year40/41 | €18,440 | €27,552 | €71,294 | €57,779 | €55,625 | ▼ 3.7% |
| Trade receivables40 | €8,605 | €23,863 | €64,714 | €25,078 | €26,509 | ▲ 5.7% |
| Other amounts receivable41 | €9,835 | €3,689 | €6,579 | €32,701 | €29,115 | ▼ 11.0% |
| Cash at bank and in hand54/58 | €8,526 | €14,968 | €18,653 | €1,891 | €5,870 | ▲ 210% |
| Deferred charges and accrued income490/1 | €10,713 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,886 | €74,711 | €114,094 | €104,894 | €119,849 | ▲ 14.3% |
| Equity10/15 | €19,484 | €33,452 | €53,866 | €29,972 | €14,455 | ▼ 51.8% |
| Contributions10/11 | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €13,484 | €27,452 | €47,866 | €23,972 | €8,455 | ▼ 64.7% |
| Amounts payable17/49 | €52,402 | €41,259 | €60,228 | €74,922 | €105,394 | ▲ 40.7% |
| Amounts payable within one year42/48 | €52,402 | €41,259 | €60,228 | €74,922 | €105,394 | ▲ 40.7% |
| Trade debts44 | €6,127 | €6,005 | €8,995 | €12,003 | €17,318 | ▲ 44.3% |
| Suppliers440/4 | €6,127 | €6,005 | €8,995 | €12,003 | €17,318 | ▲ 44.3% |
| Advances received on contracts in progress46 | €10,713 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €1,652 | €5,610 | €13,414 | €22,998 | €26,599 | ▲ 15.7% |
| Taxes450/3 | €1,652 | €5,361 | €10,104 | €7,611 | €7,883 | ▲ 3.6% |
| Remuneration and social security454/9 | - | €249 | €3,310 | €15,388 | €18,716 | ▲ 21.6% |
| Other amounts payable47/48 | €33,911 | €29,644 | €37,820 | €39,921 | €61,476 | ▲ 54.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,484 | €13,968 | €20,414 | -€23,894 | -€15,517 | ▲ 35.1% |
| + Depreciation and write-downs630 | €1,945 | €7,480 | €7,590 | €7,097 | €8,389 | ▲ 18.2% |
| Operating cash flow (approximation) | €15,430 | €21,448 | €28,004 | -€16,797 | -€7,128 | ▲ 57.6% |
| Investment in fixed assets (approximation) | - | -€1,116 | €0 | €0 | -€15,091 | - |
| Change in cash | - | €6,442 | €3,685 | -€16,763 | €3,979 | ▲ 124% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
24-03
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 09/12/2025
- Registered-office move, Chaussée de malines 455 box 1 - 1950 Kraainen
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€23,894
Net result drops to -€23,894, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-12
Financial
Highest result since 2021net €20,414 ▲46.1%
Operating result €25,940, net result €20,414, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
18-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 261 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not 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 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kraainem · 1 establishment unit since 2020
Ground area
2.1 ha
Building footprint
2,621 m²
Volume, LiDAR
46,844 m³
2 parcels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
963
companies at this address
See who is registered here
1 establishment unit
Leuvensesteenweg 613, 1930 Zaventem
since 20202.305.503.522
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 23057B0004/00K000 | Flanders | 9,293 m² | 1 · 1,756 m² | 9.7 m · 2 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 6,484 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
Founded05-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751806418
Also
9925:BE0751806418
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.