TECFORCE
ActiveSummary
TECFORCE has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,449 and a net result of €2,737. Equity is growing by about 9.2% per year across the filed financial years. Its solvency ranks better than 16% of 593 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €53,449
- Profit
- €2,737
- DE GRAEVE JochenDirector
- DE GRAEVE MiguelDirector
- DE GRAEVE ValentijnDirector
Why 82raises riskSector: Repair, maintenance and installation of machinery and equipment (NACE 33)Equity €53,449 (9.6% of total assets)lowers riskSize: total assets €554,597Figures for financial year 2025 (filed 23-07-2026)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 33, micro): better than 15% on solvency, 48% on liquidity, 18% on profitability and 44% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 9 days before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than triplescurrent ratio 14.50
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
Source amounts without an identifiable currency are assumed to be EUR.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 42% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 33, Repair, maintenance and installation of machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95.6% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,448 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | €0 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €523 | €524 | €583 | €1,580 | €1,620 | ▲ 2.5% |
| Gross operating margin9900 | €3,343 | €7,923 | €10,315 | €4,777 | €1,674 | €4,623 | €7,831 | €5,259 | ▼ 32.8% |
| Operating profit (loss)9901 | €2,815 | €7,368 | €9,793 | €4,254 | €1,149 | €4,040 | €6,251 | €3,639 | ▼ 41.8% |
| Financial income75/76B | - | - | - | €645 | €209 | €127 | €0 | €11 | ▲ 1,057× |
| Recurring financial income75 | €589 | €646 | €702 | €645 | €209 | €127 | €0 | €11 | ▲ 1,057× |
| Financial charges65/66B | - | - | - | - | €7 | €25 | - | - | - |
| Recurring financial charges65 | €76 | €92 | €0 | - | €7 | €25 | - | - | - |
| Profit (loss) for the period before taxes9903 | €3,328 | €7,922 | €10,495 | €4,900 | €1,350 | €4,143 | €6,251 | €3,650 | ▼ 41.6% |
| Income taxes67/77 | €642 | €1,604 | €2,235 | €1,256 | €328 | €1,038 | €1,563 | €912 | ▼ 41.6% |
| Profit (loss) for the period9904 | €2,686 | €6,318 | €8,259 | €3,644 | €1,022 | €3,105 | €4,688 | €2,737 | ▼ 41.6% |
| Profit (loss) for the period to be appropriated9905 | €2,686 | €6,318 | €8,259 | €3,644 | €1,022 | €3,105 | €4,688 | €2,737 | ▼ 41.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €26,281 | €31,835 | €40,872 | €46,848 | €44,549 | €548,328 | €560,695 | €554,597 | ▼ 1.1% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | - | - | - | - | - | €520,609 | €524,761 | €537,950 | ▲ 2.5% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | - | - | - | - | - | €520,609 | €524,761 | €537,950 | ▲ 2.5% |
| Land and buildings22 | - | - | - | - | - | - | €520,490 | €520,490 | = |
| Assets under construction and advance payments27 | - | - | - | - | - | €520,609 | €4,271 | €17,460 | ▲ 309% |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €26,281 | €31,835 | €40,872 | €46,848 | €44,549 | €27,719 | €35,934 | €16,647 | ▼ 53.7% |
| Stocks and contracts in progress3 | €10,712 | €12,000 | €7,500 | €7,793 | €14,098 | €7,028 | - | - | - |
| Stocks30/36 | - | - | - | €7,793 | €14,098 | €7,028 | - | - | - |
| Amounts receivable within one year40/41 | €8,712 | €15,123 | €2,542 | €4,797 | €172 | €8,032 | €17,170 | €5,032 | ▼ 70.7% |
| Trade receivables40 | - | - | - | €4,797 | - | €7,398 | €14,771 | €3,007 | ▼ 79.6% |
| Other amounts receivable41 | - | - | - | - | €172 | €634 | €2,399 | €2,025 | ▼ 15.6% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €6,857 | €4,712 | €30,830 | €34,258 | €30,279 | €12,279 | €18,764 | €11,145 | ▼ 40.6% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €380 | - | €470 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €26,281 | €31,835 | €40,872 | €46,848 | €44,549 | €548,328 | €560,695 | €554,597 | ▼ 1.1% |
| Equity10/15 | €23,676 | €29,994 | €38,253 | €41,897 | €42,919 | €46,024 | €50,712 | €53,449 | ▲ 5.4% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €5,076 | €11,394 | €19,653 | €23,297 | €24,319 | €27,424 | €32,112 | €34,849 | ▲ 8.5% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €21,437 | €22,459 | €27,424 | €32,112 | €34,849 | ▲ 8.5% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts payable17/49 | €2,604 | €1,841 | €2,619 | €4,951 | €1,629 | €502,304 | €509,983 | €501,148 | ▼ 1.7% |
| Amounts payable after more than one year17 | - | - | - | - | - | €500,000 | €500,000 | €500,000 | = |
| Financial debts170/4 | - | - | - | - | - | €500,000 | €500,000 | €500,000 | = |
| Amounts payable within one year42/48 | €2,604 | €1,494 | €2,619 | €4,951 | €1,629 | €1,699 | €9,737 | €1,148 | ▼ 88.2% |
| Trade debts44 | - | - | - | - | €253 | €421 | €7,881 | €26 | ▼ 99.7% |
| Suppliers440/4 | - | - | - | - | €253 | €421 | €7,881 | €26 | ▼ 99.7% |
| Taxes, remuneration and social security45 | - | - | - | €4,951 | €1,376 | €1,278 | €1,856 | €1,122 | ▼ 39.5% |
| Taxes450/3 | - | - | - | €4,951 | €1,376 | €1,278 | €1,856 | €1,122 | ▼ 39.5% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €606 | €246 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,686 | €6,318 | €8,259 | €3,644 | €1,022 | €3,105 | €4,688 | €2,737 | ▼ 41.6% |
| + Depreciation and write-downs630 | €0 | €0 | €0 | - | - | - | - | - | - |
| Operating cash flow (approximation) | €2,686 | €6,318 | €8,259 | €3,644 | €1,022 | €3,105 | €4,688 | €2,737 | ▼ 41.6% |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | -€4,152 | -€13,189 | ▼ 218% |
| Change in cash | - | -€2,145 | €26,118 | €3,428 | -€3,979 | -€17,999 | €6,484 | -€7,619 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-07-2026 | 2026-00321218 |
| 31-12-2024 | abbreviated format | 25-07-2025 | 2025-00307192 |
| 31-12-2023 | abbreviated format | 29-07-2024 | 2024-00295683 |
| 31-12-2022 | abbreviated format | 19-07-2023 | 2023-00248215 |
| 31-12-2021 | abbreviated format | 15-07-2022 | 2022-20188093 |
| 31-12-2020 | abbreviated format | 27-07-2021 | 2021-40100198 |
| 31-12-2019 | abbreviated format | 14-07-2020 | 2020-29200500 |
| 31-12-2018 | abbreviated format | 27-06-2019 | 2019-23100554 |
| 31-12-2017 | abbreviated format | 05-07-2018 | 2018-28300600 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE GRAEVE Jochen |
|
| DE GRAEVE Miguel |
|
| DE GRAEVE Valentijn |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
04-10
Gazette deed
Resignations: DE GRAEVE Miguel, DE GRAEVE Jochen and DE GRAEVE ValentijnAppointments: DE GRAEVE Miguel, DE GRAEVE Jochen and DE GRAEVE Valentijn · Capital conversion · Reserve release13 facts ▸
- Other provision, “aanpassing statuten aan Wetboek van vennootschappen en verenigingen en behoud rechtsvorm, statuten aanpassen aan bepalingen van het Wetboek van vennootschappen…” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening, werkelijk gestort kapitaal en wettelijke reserve” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing van artikel 39,§2,tweede lid van de wet van 23-03-2019, toekomstige bijstortingen va…” (deed in Dutch)
- Other provision, “aanneming volledig nieuwe statuten zonder wijziging voorwerp, volledig nieuwe statuten aannemen in overeenstemming met Wetboek van vennootschappen en vereniging…” (deed in Dutch)
- Capital
- Director resignation, DE GRAEVE Miguel (manager)
- Director resignation, DE GRAEVE Jochen (manager)
- Director resignation, DE GRAEVE Valentijn (manager)
- Board rule, 3, “algemene vergadering” (deed in Dutch)
- Director appointment, DE GRAEVE Miguel (director)
- Director appointment, DE GRAEVE Jochen (director)
- Director appointment, DE GRAEVE Valentijn (director)
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44077B0016/00D002 | Flanders | 4,460 m² | 1 · 2,443 m² | 9.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TECFORCE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering” (deed in Dutch)“Algemene kosten,los van representatie-,reis- en verplaatsingskosten, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Kosten gedragen door overnemers naar evenredigheid van verworven aandelen,bij verzaking draagt vennootschap kosten, elke overdracht of…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of May at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering in vormen statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Netto actief naar verhouding aantal aandelen;goederen in natura opzelfde wijze, bestuurder(s) in functie als vereffenaar(s) indien geen…” (deed in Dutch)