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T-TECH

Active
Private limited companyfounded 20214 yrs activePierre Jacques Vranckenstraat 12, 9160 Lokeren, BelgiumKBO/BCE: BE 0775.422.849
Summary

The computed 12-month bankruptcy probability of T-TECH is 3.1% (moderate). The 2024 annual accounts show equity of €37,593 and a net result of -€748. Equity is growing by ~15.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 36380 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability33▼-59
Solvency100▲+13
Growth52=
Track record94
Bankruptcy probability, 12 months
3.1% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 10.78 against 2.45 in 2023; short-term debt: 8.3% and cash: 59.8% of total assets), and 8.3% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 2024
Solvency, return and age of the figures
Solvency
91.7%
Return on assets
-1.8%
Age of the figures
21 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 20-06-2025, 41 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
41 d early
2023
49 d early
2022
39 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 43 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 7 October 2021, T-TECH was incorporated as a Private limited company.1 Total assets went from EUR 41,072 in 2022 to EUR 40,975 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Equity
€37,593▼ 2.0%
2023 · €38,341
Total assets
€40,975▼ 33.5%
2023 · €61,636
Net result
-€748
2023 · €13,556
Working capital
€33,093▼ 2.2%
2023 · €33,841
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
Line202220232024
Operating result€36,634-€22,796▼ 37.8%€3,770▼ 83.5%
Net result€25,070within the sector's middle half-€13,556within the sector's middle half▼ 45.9%-€748below the sector's middle half
Equity€25,928within the sector's middle half-€38,341within the sector's middle half▲ 47.9%€37,593within the sector's middle half▼ 2.0%
Total assets€41,072below the sector's middle half-€61,636below the sector's middle half▲ 50.1%€40,975below the sector's middle half▼ 33.5%
Debt€15,145-€23,295▲ 53.8%€3,382▼ 85.5%
Working capital€21,428-€33,841▲ 57.9%€33,093▼ 2.2%
Solvency63.1%within the sector's middle half-62.2%within the sector's middle half▼ 0.9pp91.7%above the sector's middle half▲ 29.5pp
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
-€10,000€0€10,000€20,000€30,000€40,000Operating result 2022: €36,634€36,634Net result 2022: €25,070€25,070Operating result 2023: €22,796€22,796Net result 2023: €13,556€13,556Operating result 2024: €3,770€3,770Net result 2024: -€748-€748202220232024-€10,000€0€10,000€20,000€30,000€40,000Operating result 2022: €36,634€36,600Net result 2022: €25,070€25,100Operating result 2023: €22,796€22,800Net result 2023: €13,556€13,600Operating result 2024: €3,770€3,770Net result 2024: -€748-€748202220232024
The operating result has fallen two years in a row; 2024 is 83% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40,975
Fixed assets €4,500 =
Current assets €36,475 ▼ 36.2%
Equity and liabilities €40,975
Equity €37,593 ▼ 2.0%
Debt €3,382 ▼ 85.5%
Debt's share of the balance-sheet total falls from 37.8% to 8.3%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
10.78▲
2023 · 2.45
Debt to equity
0.09▼
2023 · 0.61
ROE
-2.0%▼
2023 · 35.4%
ROA
-1.8%▼
2023 · 22.0%
Debt ≤ 1 year
€3,382▼
2023 · €23,295
Income taxes
€2,400▼
2023 · €7,095
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,148 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a small loss
2.1% went bankrupt
5.8% stopped otherwise
92% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,148 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 38 lines
Balance sheet Code20232024
Assets
Total assets20/58€61,636€40,975▼
Formation expenses20€0€0=
Fixed assets21/28€4,500€4,500=
Financial fixed assets28€4,500€4,500=
Current assets29/58€57,136€36,475▼
Amounts receivable within one year40/41€18,965€11,961▼
Trade receivables40€15,548€10,000▼
Other amounts receivable41€3,417€1,961▼
Cash at bank and in hand54/58€38,170€24,514▼
Equity and liabilities
Total equity and liabilities10/49€61,636€40,975▼
Equity10/15€38,341€37,593▼
Contributions10/11€2,000€2,000=
Reserves13€36,318€36,318=
Distributable reserves133€36,318€36,318=
Profit (loss) carried forward14€23-€725▼
Amounts payable17/49€23,295€3,382▼
Amounts payable within one year42/48€23,295€3,382▼
Current portion of amounts payable after more than one year42€2,906€581▼
Trade debts44€11,338€401▼
Suppliers440/4€11,338€401▼
Taxes, remuneration and social security45€8,450€2,400▼
Taxes450/3€8,450€2,400▼
Other amounts payable47/48€600-
Income statement Code20232024
Other operating charges640/8€1,366€3,146▲
Gross operating margin9900€24,162€6,916▼
Operating profit (loss)9901€22,796€3,770▼
Financial charges65/66B€2,144€2,118▼
Recurring financial charges65€2,144€2,118▼
Profit (loss) for the period before taxes9903€20,652€1,652▼
Income taxes67/77€7,095€2,400▼
Profit (loss) for the period9904€13,556-€748▼
Profit (loss) for the period to be appropriated9905€13,556-€748▼
Appropriation of the result
Profit (loss) to be appropriated9906€13,575-€725▼
Profit (loss) brought forward from the previous period14P€18€23▲
Transfer to equity691/2€12,409-
To other reserves6921€12,409-
Profit to be distributed694/7€1,143-
Return on contributions (dividend)694€1,143-

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202220232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€800---
Other operating charges640/8€961€1,366€3,146▲ 130%
Gross operating margin9900€38,395€24,162€6,916▼ 71.4%
Operating profit (loss)9901€36,634€22,796€3,770▼ 83.5%
Financial charges65/66B€1,957€2,144€2,118▼ 1.2%
Recurring financial charges65€1,957€2,144€2,118▼ 1.2%
Profit (loss) for the period before taxes9903€34,676€20,652€1,652▼ 92.0%
Income taxes67/77€9,606€7,095€2,400▼ 66.2%
Profit (loss) for the period9904€25,070€13,556-€748▼ 106%
Profit (loss) for the period to be appropriated9905€25,070€13,556-€748▼ 106%
Line202220232024Change
Assets
Total assets20/58€41,072€61,636€40,975▼ 33.5%
Formation expenses20-€0€0-
Fixed assets21/28€4,500€4,500€4,500=
Financial fixed assets28€4,500€4,500€4,500=
Current assets29/58€36,572€57,136€36,475▼ 36.2%
Amounts receivable within one year40/41€15,602€18,965€11,961▼ 36.9%
Trade receivables40€14,788€15,548€10,000▼ 35.7%
Other amounts receivable41€813€3,417€1,961▼ 42.6%
Cash at bank and in hand54/58€20,971€38,170€24,514▼ 35.8%
Equity and liabilities
Total equity and liabilities10/49€41,072€61,636€40,975▼ 33.5%
Equity10/15€25,928€38,341€37,593▼ 2.0%
Contributions10/11€2,000€2,000€2,000=
Reserves13€23,909€36,318€36,318=
Distributable reserves133€23,909€36,318€36,318=
Profit (loss) carried forward14€18€23-€725▼ 3,285%
Amounts payable17/49€15,145€23,295€3,382▼ 85.5%
Amounts payable within one year42/48€15,145€23,295€3,382▼ 85.5%
Current portion of amounts payable after more than one year42-€2,906€581▼ 80.0%
Trade debts44€1,700€11,338€401▼ 96.5%
Suppliers440/4€1,700€11,338€401▼ 96.5%
Advances received on contracts in progress46€2,096---
Taxes, remuneration and social security45€10,749€8,450€2,400▼ 71.6%
Taxes450/3€10,749€8,450€2,400▼ 71.6%
Other amounts payable47/48€600€600--
Line202220232024Change
Profit (loss) for the period9904€25,070€13,556-€748▼ 106%
+ Depreciation and write-downs630€800---
Operating cash flow (approximation)€25,871€13,556-€748▼ 106%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€17,200-€13,656▼ 179%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
20-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Weakest financial yearnet -€748
Net result drops to -€748, the lowest in the series.
31-12
Financial Liquidity quadruplescurrent ratio 10.78
Current ratio from 2.45 to 10.78; short-term debt falls from €23,295 to €3,382.
12-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing Annual accounts filed
fiscal year 2022 · 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, Lokeren · 1 establishment unit since 2021
seat establishment The establishment unit on the map
Ground area
574 m²
Building footprint
134 m²
Volume, LiDAR
859 m³
Parcel 46382B0611/00C000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
T-TECH
Pierre Jacques Vranckenstraat 12, 9160 LokerenRepair, maintenance and installation of machinery and equipment
since 20212.323.309.356
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46382B0611/00C000 Flanders 574 m² 1 · 134 m² 9.0 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

2024 to 2025 · 2 entries · 723 EUR awarded · 723 EUR paid
Year Entries awardedpaid
2025 1 144 EUR144 EUR
2024 1 579 EUR579 EUR
Schemes
2 entries · 723 EUR · 723 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

2 categories
T-TECH BV42205
category C2, class 1 · category P1, class 1
decision 13-09-2022

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,276 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
Founded07-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
43120Site preparation
43212Electrical installation work in industrial facilities
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
Contact
E-mail m.tigra@outlook.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0775422849
Also 9925:BE0775422849
Registered 22-02-2026

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.