TECH-SERVICE
ActiveSummary
The computed 12-month bankruptcy probability of TECH-SERVICE is 3.5% (moderate). The annual accounts of TECH-SERVICE for fiscal year 2024 show a net loss of 68% of total assets and of 64% of the equity at the start of that year. The 2024 annual accounts show equity of €17,013 and a net result of -€30,418. Equity is growing by ~9.7% per year across the filed fiscal years. Its solvency ranks better than 40% of 36380 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-84
Solvency63▼-14
Growth40▼-45
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.21 against 1.62 in 2023; short-term debt: 62% and cash: 2.1% of total assets), and 62% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
38%
Return on assets
-68%
Age of the figures
21 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
26 d late
2022
29 d late
2021
31 d late
2020
27 d late
2019
111 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 32 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€126,940▼ 50.9%
2023 · €258,780
EBIT margin
-23.8%▼ 32.1pp
2023 · 8.3%
Net result
-€30,418
2023 · €15,675
Working capital
€5,765▼ 79.3%
2023 · €27,806
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€77,018▼ 4.8%€77,018=€194,730▲ 153%€258,780▲ 32.9%€126,940▼ 50.9%
Operating result€5,781▼ 40.7%€5,781=€10,931▲ 89.1%€21,453▲ 96.3%-€30,237
Net result€3,203within the sector's middle half▼ 35.2%€3,203within the sector's middle half=€4,081within the sector's middle half▲ 27.4%€15,675within the sector's middle half▲ 284%-€30,418below the sector's middle half
EBIT margin7.5%▼ 4.5pp7.5%=5.6%▼ 1.9pp8.3%▲ 2.7pp-23.8%▼ 32.1pp
Equity€28,101within the sector's middle half▲ 12.9%€28,101within the sector's middle half=€31,755within the sector's middle half▲ 13.0%€47,430within the sector's middle half▲ 49.4%€17,013below the sector's middle half▼ 64.1%
Total assets€42,734below the sector's middle half▲ 48.7%€42,734below the sector's middle half=€62,499below the sector's middle half▲ 46.3%€92,029within the sector's middle half▲ 47.3%€44,762below the sector's middle half▼ 51.4%
Debt€14,633▲ 280%€14,633=€30,743▲ 110%€44,599▲ 45.1%€27,749▼ 37.8%
Working capital€24,691▲ 26.7%€24,691=€11,474▼ 53.5%€27,806▲ 142%€5,765▼ 79.3%
Solvency65.8%above the sector's middle half▼ 20.9pp65.8%above the sector's middle half=50.8%within the sector's middle half▼ 14.9pp51.5%within the sector's middle half▲ 0.7pp38.0%within the sector's middle half▼ 13.5pp
Staff (FTE)0.2
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €30,237 after €21,453 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €44,762
Fixed assets
€11,248 ▼ 42.7%
Current assets
€33,514 ▼ 53.7%
Equity and liabilities €44,762
Equity
€17,013 ▼ 64.1%
Debt
€27,749 ▼ 37.8%
Debt's share of the balance-sheet total rises from 48.5% to 62.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€17,924▼
2023 · €33,109
Cash flow
-€18,106▼
2023 · €27,331
Current ratio
1.21▼
2023 · 1.62
Debt to equity
1.63▲
2023 · 0.94
ROE
-178.8%▼
2023 · 33.0%
ROA
-68.0%▼
2023 · 17.0%
Interest coverage
-89.82▼
2023 · 75.26
Debt ≤ 1 year
€27,749▼
2023 · €44,599
Income taxes
€0▼
2023 · €5,338
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.9%
stopped otherwise
88%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.5% 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 497,058 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% | 1.6% |
| 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 74% 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 4,815 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 | €77,018 | €77,018 | €194,730 | €258,780 | €126,940 | ▼ 50.9% |
| Non-recurring operating income76A | - | €6,341 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €81,104 | €158,641 | €227,711 | €150,463 | ▼ 33.9% |
| Remuneration, social security and pensions62 | - | €1,877 | €24,210 | €2,568 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | €0 | €6,714 | €11,656 | €12,312 | ▲ 5.6% |
| Other operating charges640/8 | - | €3,060 | €988 | €2,959 | €1,348 | ▼ 54.5% |
| Gross operating margin9900 | €10,718 | €10,718 | €42,842 | €38,636 | -€16,577 | ▼ 143% |
| Operating profit (loss)9901 | €5,781 | €5,781 | €10,931 | €21,453 | -€30,237 | ▼ 241% |
| Financial income75/76B | - | €2,500 | €0 | - | €18 | - |
| Recurring financial income75 | €2,500 | €2,500 | €0 | - | €18 | - |
| Financial charges65/66B | - | €977 | €729 | €440 | €200 | ▼ 54.6% |
| Recurring financial charges65 | €977 | €977 | €729 | €440 | €200 | ▼ 54.6% |
| Profit (loss) for the period before taxes9903 | €7,303 | €7,303 | €10,202 | €21,013 | -€30,418 | ▼ 245% |
| Income taxes67/77 | €4,100 | €4,100 | €6,122 | €5,338 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €3,203 | €3,203 | €4,081 | €15,675 | -€30,418 | ▼ 294% |
| Profit (loss) for the period to be appropriated9905 | €3,203 | €3,203 | €4,081 | €15,675 | -€30,418 | ▼ 294% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,734 | €42,734 | €62,499 | €92,029 | €44,762 | ▼ 51.4% |
| Fixed assets21/28 | €3,410 | €3,410 | €20,282 | €19,625 | €11,248 | ▼ 42.7% |
| Tangible fixed assets22/27 | €0 | €0 | €16,872 | €16,215 | €7,838 | ▼ 51.7% |
| Plant, machinery and equipment23 | - | - | €13,585 | €11,074 | €5,214 | ▼ 52.9% |
| Furniture and vehicles24 | - | €0 | €3,287 | €5,141 | €2,623 | ▼ 49.0% |
| Financial fixed assets28 | €3,410 | €3,410 | €3,410 | €3,410 | €3,410 | = |
| Current assets29/58 | €39,324 | €39,324 | €42,217 | €72,405 | €33,514 | ▼ 53.7% |
| Amounts receivable within one year40/41 | €32,104 | €32,104 | €28,960 | €70,456 | €31,367 | ▼ 55.5% |
| Trade receivables40 | - | €29,130 | €18,207 | €69,456 | €30,367 | ▼ 56.3% |
| Other amounts receivable41 | - | €2,973 | €10,753 | €1,000 | €1,000 | = |
| Cash at bank and in hand54/58 | €6,960 | €6,960 | €13,257 | €1,948 | €918 | ▼ 52.9% |
| Deferred charges and accrued income490/1 | - | €260 | €0 | - | €1,229 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,734 | €42,734 | €62,499 | €92,029 | €44,762 | ▼ 51.4% |
| Equity10/15 | €28,101 | €28,101 | €31,755 | €47,430 | €17,013 | ▼ 64.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €19,373 | €19,373 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €3,773 | €3,773 | €3,773 | €3,000 | €3,000 | = |
| Non-distributable reserves130/1 | - | €773 | €3,773 | €3,000 | €3,000 | = |
| Legal reserve130 | - | €773 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €773 | €0 | - | - |
| Other1319 | - | - | €3,000 | €3,000 | €3,000 | = |
| Distributable reserves133 | - | €3,000 | - | - | - | - |
| Profit (loss) carried forward14 | €5,728 | €5,728 | €9,383 | €25,058 | -€5,360 | ▼ 121% |
| Amounts payable17/49 | €14,633 | €14,633 | €30,743 | €44,599 | €27,749 | ▼ 37.8% |
| Amounts payable after more than one year17 | €0 | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €14,633 | €14,633 | €30,743 | €44,599 | €27,749 | ▼ 37.8% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Trade debts44 | €72 | €72 | €0 | €16,187 | €18,944 | ▲ 17.0% |
| Suppliers440/4 | - | €72 | €0 | €16,187 | €18,944 | ▲ 17.0% |
| Taxes, remuneration and social security45 | - | €14,561 | €30,536 | €25,860 | €7,082 | ▼ 72.6% |
| Taxes450/3 | - | €6,171 | €4,289 | €18,978 | €6,297 | ▼ 66.8% |
| Remuneration and social security454/9 | - | €8,390 | €26,247 | €6,882 | €785 | ▼ 88.6% |
| Other amounts payable47/48 | - | €0 | €207 | €2,552 | €1,723 | ▼ 32.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,203 | €3,203 | €4,081 | €15,675 | -€30,418 | ▼ 294% |
| + Depreciation and write-downs630 | €0 | €0 | €6,714 | €11,656 | €12,312 | ▲ 5.6% |
| Operating cash flow (approximation) | €3,203 | €3,203 | €10,795 | €27,331 | -€18,106 | ▼ 166% |
| Investment in fixed assets (approximation) | - | €0 | -€23,586 | -€10,999 | -€3,935 | ▲ 64.2% |
| Change in cash | - | €0 | €6,297 | -€11,309 | -€1,030 | ▲ 90.9% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€30,418
Net result drops to -€30,418, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Highest result since 2018net €15,675 ▲284%
Operating result €21,453, net result €15,675, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 40 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Sint-Jans-Molenbeek · 2 establishment units since 2011
Ground area
459 m²
Building footprint
301 m²
Volume, LiDAR
3,448 m³
3 parcels, Brussels · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
17
companies at this address
See who is registered here
2 establishment units
crêperie 48
since 20112.201.032.245
TECH-COM
since 20262.392.307.436
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21526D0082/00H003 | Brussels | 181 m² | 1 · 104 m² | 9.8 m · 3 fl. |
| 21523B0937/00A062 | Brussels | 144 m² | 1 · 141 m² | 18.1 m · 5 fl. |
| 21523B0937/00V087 | Brussels | 134 m² | 1 · 56 m² | 16.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Jans-Molenbeek2.201.032.245
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 6,847 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
Founded30-06-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
56112Limited-service restaurants, excluding mobile food services
61100Wired, wireless and satellite telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837453161
Also
9925:BE0837453161
Registered
14-04-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.