TECH-M
ActiveSummary
The computed 12-month bankruptcy probability of TECH-M is 1.9% (moderate). The 2024 annual accounts show equity of €2.1m and a net result of -€25,894. Equity is growing by ~30.2% per year across the filed fiscal years. Its solvency ranks better than 79% of 1221 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability62▼-10
Solvency97▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 3.79 against 3.27 in 2023; short-term debt: 19.7% and cash: 3.2% of total assets), and 28.4% 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 dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% 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 2024Solvency, return and age of the figures
Solvency
71.6%
Return on assets
-0.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
56 d late
2023
56 d late
2022
46 d late
2021
2 d early
2020
31 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#8 fastest grower in Nazareth-De Pinte, Manufacturing sector
Turnover
€3.5m
EBIT margin
-0.1%
Net result
-€25,894
2023 · €91,998
Working capital
€1.6m▲ 5.5%
2023 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, 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
Line20202021202220232024
Turnover€3.5m
Operating result€684,388▲ 1,435%€914,445▲ 33.6%€1.2m▲ 26.9%€149,799▼ 87.1%-€3,934
Net result€499,193above the sector's middle half▲ 1,599%€674,999above the sector's middle half▲ 35.2%€858,858above the sector's middle half▲ 27.2%€91,998within the sector's middle half▼ 89.3%-€25,894below the sector's middle half
EBIT margin-0.1%
Equity€548,581above the sector's middle half▲ 1,011%€1.2mabove the sector's middle half▲ 123%€2.1mabove the sector's middle half▲ 70.2%€2.2mabove the sector's middle half▲ 4.4%€2.1mabove the sector's middle half▼ 1.2%
Total assets€1.6mabove the sector's middle half▲ 14.9%€2.3mwithin the sector's middle half▲ 44.1%€3.3mabove the sector's middle half▲ 44.2%€3.2mabove the sector's middle half▼ 1.6%€3.0mabove the sector's middle half▼ 7.1%
Debt€1.0m▼ 22.2%€1.1m▲ 2.1%€1.2m▲ 14.0%€1.1m▼ 12.1%€850,339▼ 19.4%
Working capital-€72,585▲ 87.9%€532,017€1.7m▲ 214%€1.6m▼ 6.5%€1.6m▲ 5.5%
Solvency34.7%within the sector's middle half▲ 31.1pp53.8%within the sector's middle half▲ 19.0pp63.4%above the sector's middle half▲ 9.7pp67.3%above the sector's middle half▲ 3.9pp71.6%above the sector's middle half▲ 4.3pp
Staff (FTE)13.3within the sector's middle half18.3above the sector's middle half▲ 37.6%16.6above the sector's middle half▼ 9.3%14.1above the sector's middle half▼ 15.1%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €3,934 after €149,799 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.0m
Fixed assets
€764,792 ▼ 22.3%
Current assets
€2.2m ▼ 0.5%
Equity and liabilities €3.0m
Equity
€2.1m ▼ 1.2%
Debt
€850,339 ▼ 19.4%
Debt's share of the balance-sheet total falls from 32.7% to 28.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€273,436▼
2023 · €427,058
Cash flow
€251,475▼
2023 · €369,258
Current ratio
3.79▲
2023 · 3.27
Quick ratio
2.78▲
2023 · 2.12
Debt to equity
0.40▼
2023 · 0.49
ROE
-1.2%▼
2023 · 4.2%
ROA
-0.9%▼
2023 · 2.8%
Interest coverage
13.17▼
2023 · 20.14
Debt ≤ 1 year
€589,339▼
2023 · €685,630
Debt > 1 year
€261,000▼
2023 · €369,000
Income taxes
€1,206▼
2023 · €36,597
Staff costs
€1.0m▼
2023 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
1.5%
went bankrupt
5.6%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.9% over twelve months; the group does not contradict it.
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%.
| 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 928 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €3.5m | - |
| Non-recurring operating income76A | - | - | - | - | €1,208 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €2.2m | - |
| Remuneration, social security and pensions62 | - | €838,731 | €1.2m | €1.1m | €1.0m | ▼ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €155,514 | €193,843 | €224,353 | €277,260 | €277,370 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €34,000 | - |
| Other operating charges640/8 | - | €16,713 | €29,292 | €29,565 | €27,474 | ▼ 7.1% |
| Gross operating margin9900 | €1.5m | €2.0m | €2.6m | €1.5m | €1.4m | ▼ 11.0% |
| Operating profit (loss)9901 | €684,388 | €914,445 | €1.2m | €149,799 | -€3,934 | ▼ 103% |
| Financial income75/76B | - | €1,559 | €740 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €7 | €1,559 | €740 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | - | €8,941 | €10,417 | €21,205 | €20,754 | ▼ 2.1% |
| Recurring financial charges65 | €15,080 | €8,941 | €10,417 | €21,205 | €20,754 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | €669,315 | €907,063 | €1.2m | €128,595 | -€24,689 | ▼ 119% |
| Income taxes67/77 | €170,123 | €232,065 | €292,317 | €36,597 | €1,206 | ▼ 96.7% |
| Profit (loss) for the period9904 | €499,193 | €674,999 | €858,858 | €91,998 | -€25,894 | ▼ 128% |
| Profit (loss) for the period to be appropriated9905 | €499,193 | €674,999 | €858,858 | €91,998 | -€25,894 | ▼ 128% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.3m | €3.3m | €3.2m | €3.0m | ▼ 7.1% |
| Fixed assets21/28 | €638,304 | €701,445 | €1.1m | €984,378 | €764,792 | ▼ 22.3% |
| Tangible fixed assets22/27 | €637,916 | €701,007 | €1.1m | €983,940 | €764,354 | ▼ 22.3% |
| Plant, machinery and equipment23 | - | €632,284 | €499,301 | €873,863 | €748,452 | ▼ 14.4% |
| Furniture and vehicles24 | - | €47,141 | €35,562 | €22,970 | €9,606 | ▼ 58.2% |
| Leasing and similar rights25 | - | €21,582 | €12,189 | €8,007 | €6,295 | ▼ 21.4% |
| Assets under construction and advance payments27 | - | - | €540,000 | €79,100 | €0 | ▼ 100% |
| Financial fixed assets28 | €388 | €438 | €438 | €438 | €438 | = |
| Current assets29/58 | €941,294 | €1.6m | €2.2m | €2.2m | €2.2m | ▼ 0.5% |
| Stocks and contracts in progress3 | €108,589 | €873,648 | €896,368 | €791,636 | €594,762 | ▼ 24.9% |
| Stocks30/36 | - | €341,223 | €619,291 | €619,181 | €391,960 | ▼ 36.7% |
| Contracts in progress37 | - | €532,425 | €277,077 | €172,455 | €202,802 | ▲ 17.6% |
| Amounts receivable within one year40/41 | €413,701 | €468,842 | €807,533 | €1.3m | €1.5m | ▲ 15.1% |
| Trade receivables40 | - | €403,514 | €798,691 | €1.2m | €1.4m | ▲ 16.8% |
| Other amounts receivable41 | - | €65,328 | €8,841 | €131,988 | €132,385 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €348,829 | €220,357 | €481,848 | €85,740 | €97,013 | ▲ 13.1% |
| Deferred charges and accrued income490/1 | - | €11,704 | €9,167 | €34,063 | €7,353 | ▼ 78.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.3m | €3.3m | €3.2m | €3.0m | ▼ 7.1% |
| Equity10/15 | €548,581 | €1.2m | €2.1m | €2.2m | €2.1m | ▼ 1.2% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €528,000 | €1.2m | €2.1m | €2.1m | €2.1m | = |
| Distributable reserves133 | - | €1.2m | €2.1m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | €581 | €579 | €437 | €92,435 | €66,541 | ▼ 28.0% |
| Amounts payable17/49 | €1.0m | €1.1m | €1.2m | €1.1m | €850,339 | ▼ 19.4% |
| Amounts payable after more than one year17 | - | - | €670,000 | €369,000 | €261,000 | ▼ 29.3% |
| Financial debts170/4 | - | - | €670,000 | €369,000 | €261,000 | ▼ 29.3% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €526,770 | €685,630 | €589,339 | ▼ 14.0% |
| Current portion of amounts payable after more than one year42 | - | €601,800 | €270,000 | €321,000 | €108,000 | ▼ 66.4% |
| Trade debts44 | €44,893 | €335,636 | €94,748 | €175,767 | €250,787 | ▲ 42.7% |
| Suppliers440/4 | - | €335,636 | €94,748 | €175,767 | €250,787 | ▲ 42.7% |
| Advances received on contracts in progress46 | - | €0 | - | - | €45,500 | - |
| Taxes, remuneration and social security45 | - | €105,099 | €162,022 | €188,863 | €185,053 | ▼ 2.0% |
| Taxes450/3 | - | €37,102 | €55,882 | €97,533 | €91,641 | ▼ 6.0% |
| Remuneration and social security454/9 | - | €67,996 | €106,140 | €91,329 | €93,412 | ▲ 2.3% |
| Accrued charges and deferred income492/3 | - | €9,882 | €3,199 | €0 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €499,193 | €674,999 | €858,858 | €91,998 | -€25,894 | ▼ 128% |
| + Depreciation and write-downs630 | €155,514 | €193,843 | €224,353 | €277,260 | €277,370 | = |
| Operating cash flow (approximation) | €654,706 | €868,842 | €1.1m | €369,258 | €251,475 | ▼ 31.9% |
| Investment in fixed assets (approximation) | - | -€256,984 | -€610,398 | -€174,147 | -€57,784 | ▲ 66.8% |
| Change in cash | - | -€128,472 | €261,491 | -€396,108 | €11,273 | ▲ 103% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 56 days late
2024
31-12
Financial
Weakest financial yearnet -€25,894
Net result drops to -€25,894, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 46 days late
2022
31-12
Financial
Highest result since 2019net €858,858 ▲27.2%
Operating result €1.2m, net result €858,858, both a record.
31-12
Financial
Liquidity triplescurrent ratio 4.17
Current ratio from 1.51 to 4.17; short-term debt falls from €1.0m to €526,770.
31-12
Financial
Equity above €2mEq €2.1m ▲70.2%
4 profitable years in a row build equity to €2.1m.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €1mEq €1.2m ▲123%
3 profitable years in a row build equity to €1.2m.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500,000Eq €548,581 ▲1,011%
2 profitable years in a row build equity to €548,581.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Nazareth-De Pinte · 1 establishment unit since 2019
Ground area
1.3 ha
Building footprint
6,934 m²
Volume, LiDAR
58,593 m³
Parcel 44018A0012/00D000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TECH-M
since 20192.291.081.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0012/00D000 | Flanders | 1.3 ha | 1 · 6,934 m² | 10.3 m · 3 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.
Structure & network
Owners and holdings
1 ownerChain of control
- Suplusco HoldingNL
- TECH-M
Highest known parent: Suplusco Holding (Netherlands). The sources do not say who stands above it.
Owners 1
- Suplusco HoldingNLparentSourceown accounts 2024100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of TECH-M and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 789 EUR awarded · 789 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 789 EUR | 789 EUR |
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Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 867 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
Founded25-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0728871361
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.