SKYTECHNICS
ActiveFinancials · financial year 2026, abbreviated format
Annual accounts 2026 filed on 17-09-2026 at the NBB all 3 filings
Every figure per financial year
The operating result for 2026 is 4.4 times that of 2025 and the highest since 2024. It is the second rise in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|
| Employees at the balance-sheet date | 13 | 40 | 42 |
| full-time | 13 | 39 | 39 |
| part-time | - | 1 | 3 |
| in full-time equivalents | 13 | 39.8 | 41.5 |
| Average over the year, in full-time equivalents | 9 | 22 | 41.7 |
| On a permanent contract | 13 | 40 | 42 |
| Joined | 21 | 36 | 18 |
| Left | 8 | 9 | 16 |
Source: social balance sheet in the 2024 to 2026 annual accounts
Securities and guarantees
| Item | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|
| Pledge on the business | - | €110,000 | - |
Source: notes to the 2024 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|
| Tangible fixed assets | €35,958 | €10,660 | €208,767 |
| Depreciation and write-downs of the year | €5,116 | €9,453 | €37,169 |
Source: notes to the 2024 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · €275 awarded · €275 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €53 | €53 |
| 2024 | 1 | €222 | €222 |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0.001m | - |
| Remuneration, social security and pensions62 | €0.5m | €1.6m | €2.9m | ▲ 87.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.005m | €0.009m | €0.04m | ▲ 293% |
| Other operating charges640/8 | €0.004m | €0.01m | €0.05m | ▲ 262% |
| Non-recurring operating charges66A | - | - | €0.008m | - |
| Gross operating margin9900 | €0.6m | €1.8m | €3.9m | ▲ 120% |
| Operating profit (loss)9901 | €0.1m | €0.2m | €0.9m | ▲ 340% |
| Financial income75/76B | €0 | €0.001m | €105 | ▼ 86.6% |
| Recurring financial income75 | €0 | €0.001m | €105 | ▼ 86.6% |
| Financial charges65/66B | €0.02m | €0.03m | €0.06m | ▲ 91.3% |
| Recurring financial charges65 | €0.02m | €0.03m | €0.06m | ▲ 91.3% |
| Profit (loss) for the period before taxes9903 | €0.08m | €0.2m | €0.9m | ▲ 383% |
| Income taxes67/77 | €0.02m | €0.05m | €0.2m | ▲ 340% |
| Profit (loss) for the period9904 | €0.06m | €0.1m | €0.6m | ▲ 401% |
| Profit (loss) for the period to be appropriated9905 | €0.06m | €0.1m | €0.6m | ▲ 401% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €0.5m | €0.9m | €2.0m | ▲ 107% |
| Fixed assets21/28 | €0.03m | €0.03m | €0.1m | ▲ 296% |
| Tangible fixed assets22/27 | €0.03m | €0.03m | €0.1m | ▲ 296% |
| Plant, machinery and equipment23 | €0.03m | €0.02m | €0.08m | ▲ 264% |
| Furniture and vehicles24 | €0.004m | €0.01m | €0.05m | ▲ 360% |
| Current assets29/58 | €0.5m | €0.9m | €1.8m | ▲ 100% |
| Amounts receivable after more than one year29 | - | - | €0.006m | - |
| Other amounts receivable291 | - | - | €0.006m | - |
| Stocks and contracts in progress3 | €0.02m | €0.04m | €0.09m | ▲ 120% |
| Stocks30/36 | €0.02m | €0.04m | €0.09m | ▲ 120% |
| Amounts receivable within one year40/41 | €0.4m | €0.6m | €0.9m | ▲ 41.6% |
| Trade receivables40 | €0.4m | €0.6m | €0.8m | ▲ 36.6% |
| Other amounts receivable41 | €0.03m | €0.05m | €0.1m | ▲ 100% |
| Cash at bank and in hand54/58 | €45 | €0.2m | €0.8m | ▲ 335% |
| Deferred charges and accrued income490/1 | €0.01m | €0.05m | €0.06m | ▲ 15.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €0.5m | €0.9m | €2.0m | ▲ 107% |
| Equity10/15 | €0.08m | €0.2m | €0.8m | ▲ 305% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | €0.06m | €0.2m | €0.8m | ▲ 338% |
| Amounts payable17/49 | €0.4m | €0.7m | €1.1m | ▲ 52.7% |
| Amounts payable after more than one year17 | - | €0.06m | €0.04m | ▼ 34.2% |
| Financial debts170/4 | - | €0.06m | €0.04m | ▼ 34.2% |
| Amounts payable within one year42/48 | €0.4m | €0.7m | €1.1m | ▲ 62.4% |
| Current portion of amounts payable after more than one year42 | - | €0.02m | €0.02m | ▲ 3.3% |
| Financial debts43 | €0.009m | €0.003m | €0.1m | ▲ 40× |
| Credit institutions430/8 | €0.009m | €0.003m | €0.1m | ▲ 40× |
| Trade debts44 | €0.3m | €0.3m | €0.5m | ▲ 72.3% |
| Suppliers440/4 | €0.3m | €0.3m | €0.5m | ▲ 72.3% |
| Taxes, remuneration and social security45 | €0.1m | €0.4m | €0.5m | ▲ 31.9% |
| Taxes450/3 | €0.02m | €0.04m | €0.09m | ▲ 142% |
| Remuneration and social security454/9 | €0.09m | €0.3m | €0.4m | ▲ 19.0% |
| Other amounts payable47/48 | €0.02m | €0.02m | €13 | ▼ 99.9% |
| Accrued charges and deferred income492/3 | €0.001m | €0.01m | €0.003m | ▼ 77.4% |
| Line | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,440 | €123,875 | €620,462 | ▲ 401% |
| + Depreciation and write-downs630 | €5,116 | €9,453 | €37,169 | ▲ 293% |
| Operating cash flow (approximation) | €64,557 | €133,329 | €657,631 | ▲ 393% |
| Investment in fixed assets (approximation) | - | -€10,660 | -€132,007 | ▼ 1,138% |
| Change in cash | - | €174,587 | €584,814 | ▲ 235% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,127 companies had the same profile as SKYTECHNICS has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SKYTECHNICS itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for SKYTECHNICS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.