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Tech-Net

Active
Private limited companyfounded 2021active for 5 yearsZuidstraat 9, 9870 Zulte, BelgiumKBO/BCE: BE 0763.843.227

From the official registers: KBO 3 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of Tech-Net is 1.6% (moderate). The 2024 annual accounts show equity of €35,690 and a net result of €25,801. Equity has been growing by about 100% per year since 2022. Its solvency ranks better than 77% of 9,454 sector peers (NACE 82, financial year 2024). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.

Latest annual accounts filed

Annual accounts 2024

Download PDF
Financial year ended
31-12-2024
Filed on
29-12-2025
Format
micro format
Reference
2025-00591535
Turnover
≈ €84,000
Estimated: probably between €67,000 and €130,000
Total assets
€46,411▲ 28.6%
2023 · €36,076
Net result
€25,801
2023 · -€1,979
Working capital
€30,500▲ 268%
2023 · €8,289
Trend over the years

2022 to 2024, 3 financial years

The operating result for 2024 is a profit of €26,322, after a loss of €1,585 in 2023. It is the highest result since 2022.

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Operating result€26,322 2024 Net result€25,801 2024

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line202220232024
Operating result€17,868--€1,585€26,322
Net result€6,869within the sector's middle half--€1,979below the sector's middle half€25,801within the sector's middle half
Equity€11,869below the sector's middle half-€9,890below the sector's middle half▼ 16.7%€35,690within the sector's middle half▲ 261%
Total assets€51,930below the sector's middle half-€36,076below the sector's middle half▼ 30.5%€46,411below the sector's middle half▲ 28.6%
Debt€40,061-€26,186▼ 34.6%€10,721▼ 59.1%
Working capital€1,124within the sector's middle half-€8,289within the sector's middle half▲ 637%€30,500within the sector's middle half▲ 268%
Solvency22.9%within the sector's middle half-27.4%within the sector's middle half▲ 4.6pp76.9%above the sector's middle half▲ 49.5pp
Current ratio1.04within the sector's middle half-1.56within the sector's middle half▲ 0.523.84within the sector's middle half▲ 2.29
Return on assets (ROA)13.2%within the sector's middle half--5.5%below the sector's middle half▼ 18.7pp55.6%above the sector's middle half▲ 61.1pp
above within below The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €46,411
Fixed assets €5,190 ▼ 59.9%
Current assets €41,221 ▲ 78.2%
Equity and liabilities €46,411
Equity €35,690 ▲ 261%
Debt €10,721 ▼ 59.1%
Debt's share of the balance-sheet total falls from 72.6% to 23.1%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€35,569▲
2023 · €7,559
Cash flow
€35,048▲
2023 · €7,165
Debt to equity
0.30▼
2023 · 2.65
ROE
72.3%▲
2023 · -20.0%
Interest coverage
67.36▲
2023 · 19.19
Debt ≤ 1 year
€10,721▼
2023 · €14,836
Staff costs
€6,888
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Companies with the same profile, two years later

Historical observation

In July 2024, 26,972 companies had the same profile as Tech-Net has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
94.9% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Tech-Net itself: 1.6% within 12 months.

Test of the method

The method was tested on the 497,445 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 26,972 companies, not a prediction for Tech-Net. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines

Source: Annual accounts 2024 (PDF), filed on 29-12-2025.

Balance sheet Code20232024
Assets
Total assets20/58€36,076€46,411▲
Fixed assets21/28€12,951€5,190▼
Tangible fixed assets22/27€12,951€5,190▼
Plant, machinery and equipment23€1,270€2,278▲
Leasing and similar rights25€11,681€2,912▼
Current assets29/58€23,125€41,221▲
Amounts receivable within one year40/41€21,392€21,118▼
Trade receivables40€21,261€21,118▼
Other amounts receivable41€131-
Cash at bank and in hand54/58€1,733€20,079▲
Deferred charges and accrued income490/1-€23
Equity and liabilities
Total equity and liabilities10/49€36,076€46,411▲
Equity10/15€9,890€35,690▲
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14€4,890€30,690▲
Amounts payable17/49€26,186€10,721▼
Amounts payable after more than one year17€11,350-
Financial debts170/4€11,350-
Amounts payable within one year42/48€14,836€10,721▼
Trade debts44€338€435▲
Suppliers440/4€338€435▲
Taxes, remuneration and social security45€11,752€1,717▼
Taxes450/3€8,927€1,717▼
Remuneration and social security454/9€2,825-
Other amounts payable47/48€2,745€8,568▲
Income statement Code20232024
Remuneration, social security and pensions62-€6,888
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,144€9,247▲
Other operating charges640/8€1,166€820▼
Gross operating margin9900€8,725€43,276▲
Operating profit (loss)9901-€1,585€26,322▲
Financial income75/76B-€7
Recurring financial income75-€7
Financial charges65/66B€394€528▲
Recurring financial charges65€394€528▲
Profit (loss) for the period before taxes9903-€1,979€25,801▲
Profit (loss) for the period9904-€1,979€25,801▲
Profit (loss) for the period to be appropriated9905-€1,979€25,801▲
Appropriation of the result
Profit (loss) to be appropriated9906€4,890€30,690▲
Profit (loss) brought forward from the previous period14P€6,869€4,890▼

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line202220232024Change
Remuneration, social security and pensions62€1,862-€6,888-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16,275€9,144€9,247▲ 1.1%
Other operating charges640/8€869€1,166€820▼ 29.7%
Gross operating margin9900€36,875€8,725€43,276▲ 396%
Operating profit (loss)9901€17,868-€1,585€26,322-
Financial income75/76B€4-€7-
Recurring financial income75€4-€7-
Financial charges65/66B€9,286€394€528▲ 34.0%
Recurring financial charges65€9,286€394€528▲ 34.0%
Profit (loss) for the period before taxes9903€8,586-€1,979€25,801-
Income taxes67/77€1,717---
Profit (loss) for the period9904€6,869-€1,979€25,801-
Profit (loss) for the period to be appropriated9905€6,869-€1,979€25,801-
Line202220232024Change
Assets
Total assets20/58€51,930€36,076€46,411▲ 28.6%
Fixed assets21/28€22,095€12,951€5,190▼ 59.9%
Tangible fixed assets22/27€22,095€12,951€5,190▼ 59.9%
Plant, machinery and equipment23€1,731€1,270€2,278▲ 79.4%
Leasing and similar rights25€20,364€11,681€2,912▼ 75.1%
Current assets29/58€29,835€23,125€41,221▲ 78.2%
Amounts receivable within one year40/41€13,728€21,392€21,118▼ 1.3%
Trade receivables40€13,532€21,261€21,118▼ 0.7%
Other amounts receivable41€197€131--
Cash at bank and in hand54/58€16,107€1,733€20,079▲ 12×
Deferred charges and accrued income490/1--€23-
Equity and liabilities
Total equity and liabilities10/49€51,930€36,076€46,411▲ 28.6%
Equity10/15€11,869€9,890€35,690▲ 261%
Contributions10/11€5,000€5,000€5,000=
Profit (loss) carried forward14€6,869€4,890€30,690▲ 528%
Amounts payable17/49€40,061€26,186€10,721▼ 59.1%
Amounts payable after more than one year17€11,350€11,350--
Financial debts170/4€11,350€11,350--
Amounts payable within one year42/48€28,711€14,836€10,721▼ 27.7%
Current portion of amounts payable after more than one year42€8,683---
Trade debts44€9,012€338€435▲ 28.6%
Suppliers440/4€9,012€338€435▲ 28.6%
Taxes, remuneration and social security45€11,016€11,752€1,717▼ 85.4%
Taxes450/3€8,191€8,927€1,717▼ 80.8%
Remuneration and social security454/9€2,825€2,825--
Other amounts payable47/48-€2,745€8,568▲ 212%
Line202220232024Change
Profit (loss) for the period9904€6,869-€1,979€25,801-
+ Depreciation and write-downs630€16,275€9,144€9,247▲ 1.1%
Operating cash flow (approximation)€23,144€7,165€35,048▲ 389%
Investment in fixed assets (approximation)-€0-€1,487-
Change in cash--€14,373€18,346-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (3)
Financial year Type Filed Reference Document
31-12-2024 micro format 29-12-2025 2025-00591535 PDF
31-12-2023 micro format 31-08-2024 2024-00421859 PDF
31-12-2022 micro format 01-09-2023 2023-00407256 PDF

Comparable companies

These companies have the same main activity as Tech-Net: office administrative and support services (NACE 82100). They are comparable in size and age: total assets between €41,100 and €49,000, founded between 2020 and 2021.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Tech-Net Zulte2021€46,411€35,690€43,276€25,8012024
BBCS Geraardsbergen2020€49,015€39,301€44,578€31,5702025
KANTOOR S Dendermonde2020€44,937€10,249€35,243€19,5952025
Hinnenboom Hoogstraten2021€45,400€8,657€44,509€30,8232025
Rilexco Antwerpen2021€41,136€2,500€47,162€36,9222025
Bizwees Rochefort2021€43,033€20,862€40,578€24,1152025
CALIBRU Chaumont-Gistoux2020€48,887€20,027€48,827€30,6862025

They were chosen from the 3,636 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.