TEC MANAGEMENT
ActiveFinancials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 30 April 2026 The financial year closed on 30 September 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 14-04-2026 PDF all 22 filings
Turnover
≈ €1.2m
Estimated: probably between €710,000 and €2.0m
EBIT margin
Not included in this filing
Net result
-€24,977▲ 90.1%
2023 · -€251,100
Working capital
-€73,685▲ 68.7%
2023 · -€235,326
Multi-year overview
2019 to 2024, 6 financial yearsOperating result
€35,106
2024
20192024
Net result
-€24,977
▲ 90.1%
2024
lowest quarter of the sector
20192024
Equity
€46,090
▼ 35.1%
2024
lowest quarter of the sector
20192024
Total assets
€1.1m
▼ 11.4%
2024
middle half of the sector
20192024
Debt
€1.1m
▼ 10.0%
2024
20192024
Working capital
-€73,685
▲ 68.7%
2024
lowest quarter of the sector
20192024
Solvency
4.1%
▼ 1.5pp
2024
lowest quarter of the sector
20192024
Current ratio
0.83
▲ 0.20
2024
lowest quarter of the sector
20192024
Return on assets (ROA)
-2.2%
▲ 17.4pp
2024
lowest quarter of the sector
20192024
Staff (FTE)
7.6
▼ 25.5%
2024
lowest quarter of the sector
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€0.02m-€0.1m▲ 336%€0.06m▼ 46.6%-€0.1m-€0.2m▼ 72.6%€0.04m
Net result-€0.006m-€0.08mwithin the sector's middle half€0.04mwithin the sector's middle half▼ 52.8%-€0.2mbelow the sector's middle half-€0.3mbelow the sector's middle half▼ 29.7%-€0.02mbelow the sector's middle half▲ 90.1%
Equity€0.4m-€0.5mwithin the sector's middle half▲ 19.4%€0.5mwithin the sector's middle half▲ 7.4%€0.3mwithin the sector's middle half▼ 37.9%€0.07mbelow the sector's middle half▼ 77.9%€0.05mbelow the sector's middle half▼ 35.1%
Total assets€1.6m-€1.4mwithin the sector's middle half▼ 11.3%€1.4mwithin the sector's middle half▲ 0.7%€1.3mwithin the sector's middle half▼ 7.2%€1.3mwithin the sector's middle half▼ 2.3%€1.1mwithin the sector's middle half▼ 11.4%
Debt€1.2m-€0.9m▼ 21.6%€0.9m▼ 2.8%€1.0m▲ 10.6%€1.2m▲ 22.2%€1.1m▼ 10.0%
Working capital€0.07m-€0.2mwithin the sector's middle half▲ 155%€0.1mwithin the sector's middle half▼ 34.4%-€0.004mwithin the sector's middle half-€0.2mbelow the sector's middle half▼ 5,957%-€0.07mbelow the sector's middle half▲ 68.7%
Solvency25.5%-34.3%within the sector's middle half▲ 8.8pp36.6%within the sector's middle half▲ 2.3pp24.5%within the sector's middle half▼ 12.1pp5.5%below the sector's middle half▼ 19.0pp4.1%below the sector's middle half▼ 1.5pp
Current ratio1.17-1.85within the sector's middle half▲ 0.681.45within the sector's middle half▼ 0.400.99within the sector's middle half▼ 0.460.63below the sector's middle half▼ 0.360.83below the sector's middle half▲ 0.20
Return on assets (ROA)-0.4%-5.8%within the sector's middle half▲ 6.2pp2.7%within the sector's middle half▼ 3.1pp-14.7%below the sector's middle half▼ 17.4pp-19.6%below the sector's middle half▼ 4.8pp-2.2%below the sector's middle half▲ 17.4pp
Staff (FTE)8.7-9.4within the sector's middle half▲ 8.0%10.4within the sector's middle half▲ 10.6%8.7within the sector's middle half▼ 16.3%10.2within the sector's middle half▲ 17.2%7.6below the sector's middle half▼ 25.5%
above
within
below
The sector band is the middle half of the companies in Manufacture of food products (NACE 10). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is a profit of €35,106, after a loss of €239,166 in 2023.
The turnover shown is an estimate from the gross margin.
Staff figure correction
- 2020 The accounts state 94 FTE. That amounts to ten times the staff at the balance sheet date, at low staff costs. The figure shown is 9.4 FTE (source: average staff, item 9087).
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets
€784,485 ▼ 11.0%
Current assets
€352,600 ▼ 12.4%
Equity and liabilities €1.1m
Equity
€46,090 ▼ 35.1%
Debt
€1.1m ▼ 10.0%
Debt's share of the balance-sheet total rises from 94.5% to 95.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€132,206▲
2023 · -€153,282
Cash flow
€72,123▲
2023 · -€165,216
Quick ratio
0.77▲
2023 · 0.59
Debt to equity
23.67▲
2023 · 17.06
ROE
-54.2%▲
2023 · -353.3%
Interest coverage
2.24▲
2023 · -12.83
Debt ≤ 1 year
€426,284▼
2023 · €637,828
Debt > 1 year
€574,685=
2023 · €574,685
Income taxes
€1,076
Staff costs
€346,738▼
2023 · €493,137
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 12 | 9 | 13 | 6 |
| full-time | 10 | 8 | 12 | 5 |
| part-time | 2 | 1 | 1 | 1 |
| in full-time equivalents | 11.6 | 8.7 | 12.7 | 5.9 |
| Average over the year, in full-time equivalents | 10.4 | 4.5 | 10.2 | 6.1 |
| On a permanent contract | 9 | 8 | 9 | 4 |
| Joined | 4 | 3 | 7 | 5 |
| Left | 2 | 6 | 6 | 8 |
Source: social balance sheet in the 2021 to 2024 annual accounts
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 |
|---|---|---|---|---|
| Tangible fixed assets | €125,664 | €30,227 | €113,155 | - |
| Financial fixed assets | - | - | €6,900 | - |
| Depreciation and write-downs of the year | €96,499 | €97,618 | €85,885 | €97,100 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,556 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €347,537 | €486,886 | €493,137 | €346,738 | ▼ 29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €141,582 | €98,628 | €96,499 | €97,618 | €85,885 | €97,100 | ▲ 13.1% |
| Other operating charges640/8 | - | - | €34,286 | €18,677 | €113,216 | €19,410 | ▼ 82.9% |
| Gross operating margin9900 | €513,291 | €573,332 | €534,572 | €464,585 | €453,071 | €498,354 | ▲ 10.0% |
| Operating profit (loss)9901 | €24,159 | €105,343 | €56,249 | -€138,596 | -€239,166 | €35,106 | - |
| Financial income75/76B | - | - | €1,022 | - | €11 | - | - |
| Recurring financial income75 | €626 | €211 | €1,022 | - | €11 | - | - |
| Financial charges65/66B | - | - | €14,569 | €54,414 | €11,945 | €59,007 | ▲ 394% |
| Recurring financial charges65 | €27,938 | €27,682 | €14,569 | €54,414 | €11,945 | €59,007 | ▲ 394% |
| Profit (loss) for the period before taxes9903 | -€3,154 | €77,872 | €42,702 | -€193,010 | -€251,100 | -€23,901 | ▲ 90.5% |
| Income taxes67/77 | €3,191 | -€3,191 | €4,419 | €655 | - | €1,076 | - |
| Profit (loss) for the period9904 | -€6,345 | €81,063 | €38,283 | -€193,665 | -€251,100 | -€24,977 | ▲ 90.1% |
| Profit (loss) for the period to be appropriated9905 | -€6,345 | €81,063 | €38,283 | -€193,665 | -€251,100 | -€24,977 | ▲ 90.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.6m | €1.4m | €1.4m | €1.3m | €1.3m | €1.1m | ▼ 11.4% |
| Fixed assets21/28 | €1.1m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | ▼ 11.0% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €1.0m | €0.9m | €0.9m | €0.8m | ▼ 11.1% |
| Land and buildings22 | - | - | €0.8m | €0.7m | €0.6m | €0.6m | ▼ 4.9% |
| Plant, machinery and equipment23 | - | - | €0.2m | €0.2m | €0.1m | €0.07m | ▼ 40.2% |
| Furniture and vehicles24 | - | - | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 40.2% |
| Other tangible fixed assets26 | - | - | - | €0.008m | €0.1m | €0.1m | ▼ 9.8% |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.01m | €0.01m | = |
| Current assets29/58 | €0.5m | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | ▼ 12.4% |
| Stocks and contracts in progress3 | €0.04m | €0.04m | €0.04m | €0.03m | €0.03m | €0.02m | ▼ 17.9% |
| Stocks30/36 | - | - | €0.04m | €0.03m | €0.03m | €0.02m | ▼ 17.9% |
| Amounts receivable within one year40/41 | €0.3m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 20.6% |
| Trade receivables40 | - | - | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 14.5% |
| Other amounts receivable41 | - | - | €0.05m | €0.06m | €0.06m | €0.03m | ▼ 38.7% |
| Cash at bank and in hand54/58 | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.9% |
| Deferred charges and accrued income490/1 | - | - | €0.01m | - | €0.001m | - | - |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.6m | €1.4m | €1.4m | €1.3m | €1.3m | €1.1m | ▼ 11.4% |
| Equity10/15 | €0.4m | €0.5m | €0.5m | €0.3m | €0.07m | €0.05m | ▼ 35.1% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Tax-exempt reserves132 | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Profit (loss) carried forward14 | €0.3m | €0.4m | €0.4m | €0.2m | -€0.006m | -€0.03m | ▼ 402% |
| Investment grants15 | - | - | €0.01m | €0.008m | €0.008m | €0.008m | = |
| Provisions and deferred taxes16 | €0.004m | - | - | - | - | - | - |
| Amounts payable17/49 | €1.2m | €0.9m | €0.9m | €1.0m | €1.2m | €1.1m | ▼ 10.0% |
| Amounts payable after more than one year17 | €0.7m | €0.7m | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Financial debts170/4 | - | - | €0.6m | €0.6m | €0.6m | €0.6m | = |
| Amounts payable within one year42/48 | €0.4m | €0.2m | €0.3m | €0.4m | €0.6m | €0.4m | ▼ 33.2% |
| Current portion of amounts payable after more than one year42 | - | - | €0.08m | €0.03m | €0.05m | €0.02m | ▼ 50.6% |
| Financial debts43 | - | - | €0.001m | - | €0.001m | - | - |
| Credit institutions430/8 | - | - | €0.001m | - | €0.001m | - | - |
| Trade debts44 | €0.3m | €0.09m | €0.1m | €0.2m | €0.1m | €0.03m | ▼ 74.7% |
| Suppliers440/4 | - | - | €0.1m | €0.2m | €0.1m | €0.03m | ▼ 74.7% |
| Advances received on contracts in progress46 | - | - | €0.004m | €0.003m | €0.003m | €0.003m | = |
| Taxes, remuneration and social security45 | - | - | €0.05m | €0.09m | €0.2m | €0.1m | ▼ 42.4% |
| Taxes450/3 | - | - | €0.006m | €0.005m | - | €0.007m | - |
| Remuneration and social security454/9 | - | - | €0.05m | €0.09m | €0.2m | €0.1m | ▼ 45.3% |
| Other amounts payable47/48 | - | - | €0.03m | €0.05m | €0.2m | €0.2m | ▲ 9.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.09m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,345 | €81,063 | €38,283 | -€193,665 | -€251,100 | -€24,977 | ▲ 90.1% |
| + Depreciation and write-downs630 | €141,582 | €98,628 | €96,499 | €97,618 | €85,885 | €97,100 | ▲ 13.1% |
| Operating cash flow (approximation) | €135,237 | €179,691 | €134,782 | -€96,048 | -€165,216 | €72,123 | - |
| Investment in fixed assets (approximation) | - | -€13,190 | -€119,664 | -€30,227 | -€17,774 | -€507 | ▲ 97.1% |
| Change in cash | - | €106,857 | -€44,970 | -€13,515 | -€6,698 | €1,307 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2024 | full format | 14-04-2026 | 2026-00079128 | |
| 30-09-2023 | full format | 30-04-2024 | 2024-00080933 | |
| 30-09-2022 | full format | 30-05-2023 | 2023-00102745 | |
| 30-09-2021 | full format | 28-04-2022 | 2022-20017022 | |
| 30-09-2020 | full format | 30-05-2021 | 2021-16400191 | |
| 30-09-2019 | full format | 29-05-2020 | 2020-14600054 | |
| 30-09-2018 | micro format | 29-05-2020 | 2020-14600016 | |
| 30-09-2017 | full format | 22-05-2018 | 2018-13400419 | |
| 30-09-2016 | full format | 30-04-2017 | 2017-11300341 | |
| 30-09-2015 | full format | 30-03-2017 | 2017-07600432 |