REMOTECH
ActiveThe computed 12-month bankruptcy probability of REMOTECH is 2.2% (moderate). The 2024 annual accounts show equity of €1.94M and a net result of €631k. Equity is growing by ~58.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 137 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
86
/ 100
Excellent▼ -5 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency79▲+11
Growth78=
Stability100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.72 in 2023), but 60.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 27
Relative position
BE, all sectors
reference
Sector 27
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.7%
Return on assets
12.9%
Age of the figures
20 mo
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 30-06-2025, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
29 d early
2022
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.94M▲ 48.1%
2023 · €1.31M
2022: €417k
2023: €1.31M
2022 → 2024
Total assets
€4.90M▲ 22.8%
2023 · €3.99M
2022: €1.12M
2023: €3.99M
2022 → 2024
Net result
€631k▼ 30.0%
2023 · €901k
2022: €342k
2023: €901k
2022 → 2024
Working capital
€1.39M▲ 35.3%
2023 · €1.03M
2022: €351k
2023: €1.03M
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€417k-€1.31M▲ 214%€1.94M▲ 48.1%
Operating result€447k-€1.22M▲ 172%€872k▼ 28.3%
Net result€342k-€901k▲ 164%€631k▼ 30.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 28% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.90M
Fixed assets
€1.82M▲ 19.0%
Current assets
€3.08M▲ 25.1%
Equity and liabilities €4.90M
Equity
€1.94M▲ 48.1%
Debt
€2.96M▲ 10.4%
The debt ratio falls from 67.1% to 60.3%: equity grows faster than debt.
Key figures and ratios
EBITDA
€1.04M▼
2023 · €1.30M
Cash flow
€803k▼
2023 · €984k
Solvency
39.7%▲
2023 · 32.9%
Current ratio
1.83▲
2023 · 1.72
Quick ratio
1.37▼
2023 · 1.39
Debt / equity
1.52▼
2023 · 2.04
ROE
32.5%▼
2023 · 68.8%
ROA
12.9%▼
2023 · 22.6%
Interest coverage
14.80▼
2023 · 15.81
Debt
€2.96M▲
2023 · €2.68M
Debt ≤ 1 year
€1.69M▲
2023 · €1.43M
Debt > 1 year
€1.17M▼
2023 · €1.17M
Income taxes
€202k▼
2023 · €267k
Staff costs
€779k▲
2023 · €617k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.99M€4.90M▲
Fixed assets21/28€1.53M€1.82M▲
Intangible fixed assets21€72k€55k▼
Tangible fixed assets22/27€1.45M€1.76M▲
Plant, machinery and equipment23€90k€105k▲
Furniture and vehicles24€164k€268k▲
Leasing and similar rights25€1.19M€1.38M▲
Other tangible fixed assets26€7k€6k▼
Current assets29/58€2.46M€3.08M▲
Stocks and contracts in progress3€475k€768k▲
Stocks30/36€475k€768k▲
Amounts receivable within one year40/41€1.47M€1.84M▲
Trade receivables40€1.39M€1.77M▲
Other amounts receivable41€80k€65k▼
Cash at bank and in hand54/58€496k€436k▼
Deferred charges and accrued income490/1€25k€37k▲
Equity and liabilities
Total equity and liabilities10/49€3.99M€4.90M▲
Equity10/15€1.31M€1.94M▲
Contributions10/11€75k€75k=
Reserves13€1.24M€1.87M▲
Distributable reserves133€1.24M€1.87M▲
Profit (loss) carried forward14€862€901▲
Amounts payable17/49€2.68M€2.96M▲
Amounts payable after more than one year17€1.17M€1.17M▼
Financial debts170/4€1.17M€1.17M▼
Amounts payable within one year42/48€1.43M€1.69M▲
Current portion of amounts payable after more than one year42€118k€142k▲
Financial debts43€250k€200k▼
Credit institutions430/8€250k€200k▼
Trade debts44€766k€1.19M▲
Suppliers440/4€766k€1.19M▲
Taxes, remuneration and social security45€236k€102k▼
Taxes450/3€157k€33k▼
Remuneration and social security454/9€79k€69k▼
Other amounts payable47/48€62k€57k▼
Accrued charges and deferred income492/3€73k€96k▲
Income statement
Code20232024
Remuneration, social security and pensions62€617k€779k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€172k▲
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A€9k€0▼
Gross operating margin9900€1.93M€1.83M▼
Operating profit (loss)9901€1.22M€872k▼
Financial income75/76B€35k€32k▼
Recurring financial income75€35k€32k▼
Financial charges65/66B€82k€71k▼
Recurring financial charges65€82k€71k▼
Profit (loss) for the period before taxes9903€1.17M€833k▼
Income taxes67/77€267k€202k▼
Profit (loss) for the period9904€901k€631k▼
Profit (loss) for the period to be appropriated9905€901k€631k▼
Appropriation of the result
Profit (loss) to be appropriated9906€902k€632k▼
Profit (loss) brought forward from the previous period14P€918€862▼
Transfer to equity691/2€894k€631k▼
To other reserves6921€894k€631k▼
Profit to be distributed694/7€7k€0▼
Employees696€7k€0▼
Social balance
Average headcount (FTE)90875.411.4▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2022net €901k ▲164%
Operating result €1.22M, net result €901k, both a record.
31-12
Financial
Equity above €1MEq €1.31M ▲214%
2 profitable years in a row build equity to €1.31M.
2022
22-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
08-05-2025
Resigned as Director
Location & real-estate footprint
Registered office, Zwevegem · 1 establishment unit since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Scheldestraat(O) 818553 ZwevegemGround area
6,544 m²
Building footprint
2,033 m²
Volume, LiDAR
924 m³
2 parcels, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
REMOTECH
since 20202.307.080.563
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34030B0403/00L000 | Flanders | 3,512 m² | 1 · 168 m² | 8.3 m · 2 fl. |
| 34042A1196/00A000 | Flanders | 3,032 m² | 1 · 1,866 m² | 1.9 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 to 2025 · 2 entries · 598 EUR awarded · 598 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 333 EUR | 333 EUR |
| 2024 | 1 | 265 EUR | 265 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
Similar companies · same sector, comparable size
Autrosystems
BE 0437.588.477
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AUTOMATION
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Halle · Eq €2.03M
NIDEC INDUSTRIAL AUTOMATION BELGIUM
BE 0412.867.434
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CDC-Cabines de Ciney
BE 0480.301.933
Ciney · Eq €1.76M
Of 260 companies in sector 27110 we hold annual accounts for 171. 88 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-09-2020
Fiscal year end31-12
Activities, NACEBEL
27110Manufacture of electrical equipment
46643Wholesale of electrical equipment, including installation materials
33120Repair and maintenance of machinery
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.