TEC DESIGN
ActiveSummary
TEC DESIGN has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €295k and a net result of €33k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 43% of 4352 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▼-14
Solvency68=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.22 in 2023; short-term debt: 57.2% and cash: 7.5% of total assets), and 57.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
2 d early
2022
3 d early
2021
6 d early
2020
2 d early
2019
49 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€295k▲ 12.4%
2023 · €262k
Total assets
€689k▲ 13.8%
2023 · €606k
Net result
€33k▼ 45.9%
2023 · €60k
Working capital
€78k▲ 8.7%
2023 · €72k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€59k▼ 22.2%€39k▼ 33.8%€-95k€99k€59k▼ 40.3%
Net result€41k▼ 18.6%€27k▼ 34.6%€-111k€60k€33k▼ 45.9%
Equity€286k▲ 16.5%€313k▲ 9.3%€202k▼ 35.3%€262k▲ 29.8%€295k▲ 12.4%
Total assets€525k▼ 25.6%€1.14M▲ 117%€552k▼ 51.5%€606k▲ 9.7%€689k▲ 13.8%
Debt€239k▼ 48.1%€825k▲ 245%€350k▼ 57.6%€343k▼ 1.9%€394k▲ 14.9%
Working capital€168k▲ 18.4%€196k▲ 16.8%€42k▼ 78.8%€72k▲ 72.0%€78k▲ 8.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 40% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €689k
Fixed assets
€217k ▲ 5.1%
Current assets
€472k ▲ 18.4%
Equity and liabilities €689k
Equity
€295k ▲ 12.4%
Debt
€394k ▲ 14.9%
Debt's share of the balance-sheet total rises from 56.7% to 57.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€76k▼
2023 · €112k
Cash flow
€50k▼
2023 · €73k
Current ratio
1.20▼
2023 · 1.22
Debt to equity
1.34▲
2023 · 1.31
ROE
11.1%▼
2023 · 23.0%
ROA
4.7%▼
2023 · 10.0%
Interest coverage
3.74▼
2023 · 4.68
Debt ≤ 1 year
€394k▲
2023 · €327k
Debt > 1 year
€0▼
2023 · €16k
Income taxes
€8k▼
2023 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11k | €9k | €8k | €13k | €17k | ▲ 30.4% |
| Other operating charges640/8 | - | €2k | €2k | €4k | €12k | ▲ 208% |
| Non-recurring operating charges66A | - | - | - | €25 | €0 | ▼ 100% |
| Gross operating margin9900 | €77k | €49k | €-86k | €116k | €88k | ▼ 24.1% |
| Operating profit (loss)9901 | €59k | €39k | €-95k | €99k | €59k | ▼ 40.3% |
| Financial income75/76B | - | €8k | €1k | €0 | €1k | - |
| Recurring financial income75 | - | €8k | €1k | €0 | €1k | - |
| Financial charges65/66B | - | €10k | €12k | €24k | €20k | ▼ 15.1% |
| Recurring financial charges65 | €9k | €10k | €12k | €24k | €20k | ▼ 15.1% |
| Profit (loss) for the period before taxes9903 | €50k | €37k | €-106k | €75k | €40k | ▼ 46.5% |
| Income taxes67/77 | €9k | €11k | €5k | €15k | €8k | ▼ 48.9% |
| Profit (loss) for the period9904 | €41k | €27k | €-111k | €60k | €33k | ▼ 45.9% |
| Profit (loss) for the period to be appropriated9905 | €41k | €27k | €-111k | €60k | €33k | ▼ 45.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €525k | €1.14M | €552k | €606k | €689k | ▲ 13.8% |
| Fixed assets21/28 | €214k | €210k | €203k | €207k | €217k | ▲ 5.1% |
| Tangible fixed assets22/27 | €214k | €210k | €203k | €207k | €204k | ▼ 1.2% |
| Land and buildings22 | - | €206k | €199k | €193k | €194k | ▲ 0.2% |
| Plant, machinery and equipment23 | - | €243 | €25 | €0 | €4k | - |
| Furniture and vehicles24 | - | €4k | €4k | €14k | €7k | ▼ 49.0% |
| Financial fixed assets28 | - | - | - | - | €13k | - |
| Current assets29/58 | €311k | €927k | €349k | €399k | €472k | ▲ 18.4% |
| Stocks and contracts in progress3 | €25k | €25k | €50k | €0 | - | - |
| Stocks30/36 | - | €25k | €50k | €0 | - | - |
| Amounts receivable within one year40/41 | €258k | €882k | €285k | €393k | €415k | ▲ 5.6% |
| Trade receivables40 | - | €837k | €255k | €363k | €377k | ▲ 3.9% |
| Other amounts receivable41 | - | €45k | €30k | €31k | €38k | ▲ 25.2% |
| Current investments50/53 | - | €5k | €5k | €5k | €5k | = |
| Cash at bank and in hand54/58 | €27k | €15k | €9k | €31 | €52k | ▲ 166,668% |
| Deferred charges and accrued income490/1 | - | €98 | €118 | €368 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €525k | €1.14M | €552k | €606k | €689k | ▲ 13.8% |
| Equity10/15 | €286k | €313k | €202k | €262k | €295k | ▲ 12.4% |
| Contributions10/11 | - | €13k | €13k | €13k | €13k | = |
| Reserves13 | €273k | €300k | €189k | €250k | €282k | ▲ 13.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €298k | €187k | €248k | €280k | ▲ 13.2% |
| Amounts payable17/49 | €239k | €825k | €350k | €343k | €394k | ▲ 14.9% |
| Amounts payable after more than one year17 | €94k | €94k | €43k | €16k | €0 | ▼ 100% |
| Financial debts170/4 | - | €94k | €43k | €16k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €143k | €731k | €307k | €327k | €394k | ▲ 20.5% |
| Current portion of amounts payable after more than one year42 | - | €34k | €26k | €27k | €23k | ▼ 14.5% |
| Financial debts43 | - | €178k | €244k | €222k | €216k | ▼ 2.7% |
| Credit institutions430/8 | - | €178k | €244k | €222k | €216k | ▼ 2.7% |
| Trade debts44 | €1k | €493k | €4k | €36k | €121k | ▲ 235% |
| Suppliers440/4 | - | €1k | €4k | €36k | €121k | ▲ 235% |
| Bills of exchange payable441 | - | €492k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €25k | €28k | €39k | €34k | ▼ 13.5% |
| Taxes450/3 | - | €25k | €28k | €39k | €32k | ▼ 16.6% |
| Remuneration and social security454/9 | - | - | - | - | €1k | - |
| Other amounts payable47/48 | - | - | €4k | €3k | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €27k | €-111k | €60k | €33k | ▼ 45.9% |
| + Depreciation and write-downs630 | €11k | €9k | €8k | €13k | €17k | ▲ 30.4% |
| Operating cash flow (approximation) | €51k | €35k | €-103k | €73k | €50k | ▼ 32.3% |
| Investment in fixed assets (approximation) | - | €-5k | €-990 | €-17k | €-28k | ▼ 64.7% |
| Change in cash | - | €-12k | €-6k | €-9k | €52k | ▲ 674% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €60k
Net result €60k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-111k
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
31-12
Financial
Equity above €200kEq €246k ▲25.5%
Equity rises from €196k to €246k.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Vorst · 1 establishment unit since 2007
Ground area
179 m²
Building footprint
131 m²
Volume, LiDAR
1,426 m³
2 parcels, Brussels · tallest building 13.7 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TEC DESIGN
since 20072.162.100.504
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0023/00L009 | Brussels | 93 m² | 1 · 67 m² | 13.7 m · 4 fl. |
| 21007A0062/00E030 | Brussels | 86 m² | 1 · 64 m² | 13.6 m · 4 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.
Similar companies · same sector, comparable size
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Of 3,838 companies in sector 74111 we hold annual accounts for 1,005. 799 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
Founded23-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
46190Agents in non-specialised wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
Contact
E-mail
tecfranck@yahoo.comVorst
Phone
0484/972782Vorst
Scores and ratios are computed by Checked and are not a credit decision.