Equity
€1.7m ▲ 33.3%
TECHNICAL DESIGN SYSTEM paid out €175,000 in dividends. That is 29% of the 2025 profit.
TECHNICAL DESIGN SYSTEM
Lifetime
8 annual accounts with figures on one time axispeak €1.8m (2024)
€1.5m▼ 16.1%
lowest -€692,028 (2021)
€603,746▼ 38.8%
peak €1.7m (2025)
€1.7m▲ 33.3%
€2.5m▲ 160%
peak 15.1 FTE (2019)
11.9 FTE▲ 4.4%
Board9 names since 2019
6 directorsBALTEAU GROUP and 5 others
Owners8 names in the annual accountsall names
25.25%SLD and 4 others
Documentsfilings and deeds
31-08-202631 days late
2025financial year
Gross margin from €1.8m to €1.5mResult from €986,808 to €603,746Dividend €175,000Equity from €1.3m to €1.7mDebts from €950,109 to €2.5mInvestments €1.9m
Key points
from the 2025 annual accountsResult
€603,746 ▼ 38.8%
The result fell in 2025 from €986,808 to €603,746.
Debts
€2.5m ▲ 160%
Debts rose by €1.5m in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Investments
€20,189 0.2 × depreciation
Green is investment, beige is depreciation.
Staff
12 employees on 31-12-2025
In 2025, 18 people joined and 16 left.
Filings
8 annual accounts 7 late
The 2021 accounts came latest: 149 days after the end of the period.
Checked score
97
Excellent
Financially stronger than 74% of small companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 689 companies (NACE 71, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.2 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 31 days late; 1 of the last 3 accounts late
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Liquidity: current ratio 1.68, cash €914,671
Size: 11.9 FTE, total assets €4.2m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, small). It does better than 50% of them on solvency, 78% on liquidity, 83% on profitability and 85% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,782 companies had the same profile as TECHNICAL DESIGN SYSTEM has now. Each dot stands for 17 companies, two years later.
96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
That fits the bankruptcy probability of TECHNICAL DESIGN SYSTEM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,782 companies, not a prediction for TECHNICAL DESIGN SYSTEM. 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.
Credit verdict
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.68 (2.23 in 2024), above the usual 1.5. Short-term debt is 26.7% and cash 21.8% of total assets. However, 59% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.7m
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filingsDeviation from the deadline
2025
31 days late
2024
18 days late
2023
50 days early
2022
21 days late
2021
149 days late
2020
31 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (4 of the last 5 accounts filed within 70 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
NP
NOSHAQ PARTNERS
Director, OMIN Nathalie, since 24-02-2022
S
SPARAXIS
Director, Frédéric Kalkmann, since 10-07-2023
- PARTFIN consolidatesequity €3.4m (2025) · annual accounts 2024
- SLD 25.25%score 94equity €1.5m (2025) · 2025 annual accounts of SLD
- BALTEAU GROUP 25.16%equity €15.1m (2025) · 2025 annual accounts of BALTEAU GROUP
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0679973364
1 director appointed, 1 statutory auditor appointed, 1 resignation
Appointments: SPARAXIS and 3R, Leboutte & Co (statutory auditor) · Resignation: WALLONIE ENTREPRENDRE · Permanent representative: Frédéric Kalkmann · General meeting of 30-05-2024 · Gazette deed
Permanent representatives: Stéphane DUMOULIN and Frédéric DRIESSENS
Gazette deed
Permanent representative: DRIESSENS Frédéric Francis Georges
Capital from €624,852 to €714,852, 90 new shares · Capital from €714,852 to €975,852, 261 new shares · Appointment: 3R, Leboutte & Co (statutory auditor) · General meeting of 24-02-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TECHNICAL DESIGN SYSTEM Liège | €4.2m | €1.5m | 41.0% | 11.9 |
| Any-Shape – additive technologies for industry Villers-le-Bouillet | €4.0m | €1.7m | 33.2% | 12.5 |
| PIPE CONSULT Dison | €2.9m | €1.4m | 30.4% | 15.2 |
| IEM Power Systems Herve | €6.3m | €1.6m | 21.0% | 13.3 |
| 24SEA Brussels | €3.2m | €1.3m | 16.6% | 12.2 |
| NOUST Lommel | €5.1m | €1.7m | 6.2% | 16.8 |
| Penco Duffel | €3.3m | €1.4m | 13.7% | 16.2 |
These companies have the same main activity as TECHNICAL DESIGN SYSTEM: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €2.9m and €6.3m, founded between 2014 and 2018.
Official details
Source: KBO- Status
- Active since 23-08-2017Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 2 others
- Joint committees
- 111Metal, mechanical and electrical engineering
- 209White-collar workers in metal manufacturing · annual accounts 2025
- Establishment unit
- 2.267.882.9624000 Liège, since 23-08-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 27-10-2025
Annual accounts 2025
- ≈ €2.7mestimated
- €4.2m▲ 83.2%
- Employeeson 31-12-2025
- 12▲ 20.0%
- Filing
- Filed on 31-08-2026
Companies linked to TECHNICAL DESIGN SYSTEM
Shareholders
- DERO-INVEST20%
- NOSHAQ19.7%
- Wallonie Entreprendre17.97%
- VANDEGAR Technical Services9.62%
Insights on TECHNICAL DESIGN SYSTEM
TECHNICAL DESIGN SYSTEM has existed since 2017. The present size dates from 2023. The gross margin rose that year from €222,662 to €1.0m.
Solvency fell in 2025 from 56.4% to 41.0% because of higher long-term debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TECHNICAL DESIGN SYSTEM
- What is the company number of TECHNICAL DESIGN SYSTEM?
- The company number of TECHNICAL DESIGN SYSTEM is 0679.973.364. The VAT number is the same number with BE in front: BE 0679.973.364.
- Where is TECHNICAL DESIGN SYSTEM based?
- The registered office is at Rue de l'Hippodrome 186, 4000 Liège.Company details
- What does TECHNICAL DESIGN SYSTEM do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of TECHNICAL DESIGN SYSTEM?
- TECHNICAL DESIGN SYSTEM is a public limited company (NV).
- When was TECHNICAL DESIGN SYSTEM founded?
- TECHNICAL DESIGN SYSTEM was founded on 23-08-2017.
- Is TECHNICAL DESIGN SYSTEM still active?
- Yes, TECHNICAL DESIGN SYSTEM is an active enterprise in the KBO register.
- How many employees does TECHNICAL DESIGN SYSTEM have?
- TECHNICAL DESIGN SYSTEM had an average of 11.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TECHNICAL DESIGN SYSTEM fall under?
- In its 2025 annual accounts, TECHNICAL DESIGN SYSTEM states joint committees 111 (Metal, mechanical and electrical engineering) and 209 (White-collar workers in metal manufacturing).
- What is the turnover of TECHNICAL DESIGN SYSTEM?
- The turnover in financial year 2025 is ≈ €2.7m. This figure is estimated from the gross margin of €1.5m and 1,585 comparable companies of the same size. It probably lies between €1.8m and €4.4m. It is a rough estimate.
- Is TECHNICAL DESIGN SYSTEM profitable?
- In financial year 2025, TECHNICAL DESIGN SYSTEM made a profit of €603,746.
- Where can I find the annual accounts of TECHNICAL DESIGN SYSTEM?
- TECHNICAL DESIGN SYSTEM filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TECHNICAL DESIGN SYSTEM due?
- TECHNICAL DESIGN SYSTEM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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