TECH & TRADE
ActiveSummary
TECH & TRADE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €692,850 and a net result of €2,968. Equity is shrinking by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 9636 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability34▼-41
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 29.42 against 7.13 in 2023; short-term debt: 3.4% and cash: 54.9% of total assets), and 3.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
96.6%
Return on assets
0.4%
Age of the figures
21 mo
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 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
on the day
2022
on the day
2021
5 d early
2020
19 d late
2019
28 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 7 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€692,850▼ 19.0%
2023 · €855,882
Total assets
€717,053▼ 27.9%
2023 · €994,376
Net result
€2,968▼ 93.7%
2023 · €46,794
Working capital
€687,945▼ 18.9%
2023 · €848,381
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Operating result€268,237▲ 35.9%€81,254▼ 69.7%€248,655▲ 206%€77,921▼ 68.7%€12,838▼ 83.5%
Net result€161,010above the sector's middle half▼ 3.5%-€397below the sector's middle half€164,265above the sector's middle half€46,794within the sector's middle half▼ 71.5%€2,968within the sector's middle half▼ 93.7%
Equity€1.4mabove the sector's middle half▲ 6.2%€835,124above the sector's middle half▼ 40.6%€834,488above the sector's middle half▼ 0.1%€855,882above the sector's middle half▲ 2.6%€692,850within the sector's middle half▼ 19.0%
Total assets€1.6mabove the sector's middle half▲ 22.2%€1.6mabove the sector's middle half▼ 1.7%€1.2mwithin the sector's middle half▼ 22.7%€994,376within the sector's middle half▼ 19.2%€717,053within the sector's middle half▼ 27.9%
Debt€215,286▲ 6,854%€757,638▲ 252%€396,241▼ 47.7%€138,494▼ 65.0%€24,203▼ 82.5%
Working capital€1.4mabove the sector's middle half▲ 3.0%€955,919above the sector's middle half▼ 29.7%€891,716above the sector's middle half▼ 6.7%€848,381above the sector's middle half▼ 4.9%€687,945above the sector's middle half▼ 18.9%
Solvency86.7%above the sector's middle half▼ 13.1pp52.4%within the sector's middle half▼ 34.3pp67.8%above the sector's middle half▲ 15.4pp86.1%above the sector's middle half▲ 18.3pp96.6%above the sector's middle half▲ 10.6pp
Current ratio8.49above the sector's middle half2.53within the sector's middle half▼ 5.953.71above the sector's middle half▲ 1.187.13above the sector's middle half▲ 3.4129.42above the sector's middle half▲ 22.30
Return on assets (ROA)9.9%within the sector's middle half▼ 2.7pp0.0%below the sector's middle half▼ 10.0pp13.3%above the sector's middle half▲ 13.4pp4.7%within the sector's middle half▼ 8.6pp0.4%below the sector's middle half▼ 4.3pp
Staff (FTE)0.5below the sector's middle half1below the sector's middle half▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 84% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €717,053
Fixed assets
€4,905 ▼ 34.6%
Current assets
€712,148 ▼ 27.8%
Equity and liabilities €717,053
Equity
€692,850 ▼ 19.0%
Debt
€24,203 ▼ 82.5%
Debt's share of the balance-sheet total falls from 13.9% to 3.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15,434▼
2023 · €80,788
Cash flow
€5,564▼
2023 · €49,661
Quick ratio
26.08▲
2023 · 5.99
Debt to equity
0.03▼
2023 · 0.16
ROE
0.4%▼
2023 · 5.5%
Interest coverage
1.79▼
2023 · 11.14
Debt ≤ 1 year
€24,203▼
2023 · €138,494
Income taxes
€1,270▼
2023 · €24,006
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.6% 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 497,662 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 14,733 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €16,570 | €3,901 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,529 | €2,704 | €3,095 | €2,867 | €2,596 | ▼ 9.4% |
| Other operating charges640/8 | - | €80,893 | €35,281 | €10,313 | €12,906 | ▲ 25.1% |
| Gross operating margin9900 | €296,071 | €181,422 | €290,932 | €91,101 | €28,340 | ▼ 68.9% |
| Operating profit (loss)9901 | €268,237 | €81,254 | €248,655 | €77,921 | €12,838 | ▼ 83.5% |
| Financial income75/76B | - | €1,220 | €11,906 | €128 | €32 | ▼ 75.3% |
| Recurring financial income75 | €3,803 | €1,220 | €11,906 | €128 | €32 | ▼ 75.3% |
| Financial charges65/66B | - | €72,730 | €18,576 | €7,249 | €8,632 | ▲ 19.1% |
| Recurring financial charges65 | €36,301 | €72,730 | €18,576 | €7,249 | €8,632 | ▲ 19.1% |
| Profit (loss) for the period before taxes9903 | €235,739 | €9,744 | €241,985 | €70,800 | €4,238 | ▼ 94.0% |
| Income taxes67/77 | €74,728 | €10,141 | €77,720 | €24,006 | €1,270 | ▼ 94.7% |
| Profit (loss) for the period9904 | €161,010 | -€397 | €164,265 | €46,794 | €2,968 | ▼ 93.7% |
| Profit (loss) for the period to be appropriated9905 | €161,010 | -€397 | €164,265 | €46,794 | €2,968 | ▼ 93.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €1.2m | €994,376 | €717,053 | ▼ 27.9% |
| Fixed assets21/28 | €78,074 | €13,463 | €10,368 | €7,501 | €4,905 | ▼ 34.6% |
| Intangible fixed assets21 | €1,996 | €1,497 | €998 | €499 | - | - |
| Tangible fixed assets22/27 | €75,898 | €11,786 | €9,190 | €6,822 | €4,725 | ▼ 30.7% |
| Plant, machinery and equipment23 | - | €6,887 | €5,135 | €3,548 | €1,960 | ▼ 44.7% |
| Furniture and vehicles24 | - | €4,899 | €4,055 | €3,274 | €2,765 | ▼ 15.6% |
| Financial fixed assets28 | €180 | €180 | €180 | €180 | €180 | = |
| Current assets29/58 | €1.5m | €1.6m | €1.2m | €986,875 | €712,148 | ▼ 27.8% |
| Stocks and contracts in progress3 | €236,254 | €832,133 | €630,158 | €157,596 | €80,924 | ▼ 48.7% |
| Stocks30/36 | - | €832,133 | €630,158 | €157,596 | €80,924 | ▼ 48.7% |
| Amounts receivable within one year40/41 | €627,152 | €322,879 | €59,641 | €192,500 | €237,382 | ▲ 23.3% |
| Trade receivables40 | - | €96,399 | €51,686 | €189,063 | €228,897 | ▲ 21.1% |
| Other amounts receivable41 | - | €226,481 | €7,955 | €3,437 | €8,485 | ▲ 147% |
| Current investments50/53 | €63,616 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €615,011 | €424,286 | €530,562 | €636,780 | €393,843 | ▼ 38.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.2m | €994,376 | €717,053 | ▼ 27.9% |
| Equity10/15 | €1.4m | €835,124 | €834,488 | €855,882 | €692,850 | ▼ 19.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1.1m | €581,760 | €606,460 | €653,254 | €487,254 | ▼ 25.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €579,900 | €604,600 | €651,394 | €485,394 | ▼ 25.5% |
| Profit (loss) carried forward14 | €272,961 | €247,164 | €221,828 | €196,428 | €199,396 | ▲ 1.5% |
| Amounts payable17/49 | €215,286 | €757,638 | €396,241 | €138,494 | €24,203 | ▼ 82.5% |
| Amounts payable after more than one year17 | €33,593 | €134,258 | €67,596 | - | - | - |
| Financial debts170/4 | - | €134,258 | €67,596 | - | - | - |
| Amounts payable within one year42/48 | €181,693 | €623,380 | €328,646 | €138,494 | €24,203 | ▼ 82.5% |
| Current portion of amounts payable after more than one year42 | - | €65,742 | €66,662 | €67,596 | - | - |
| Financial debts43 | - | €150,000 | - | - | - | - |
| Credit institutions430/8 | - | €150,000 | - | - | - | - |
| Trade debts44 | - | - | €73,179 | €8,145 | €2,365 | ▼ 71.0% |
| Suppliers440/4 | - | - | €73,179 | €8,145 | €2,365 | ▼ 71.0% |
| Taxes, remuneration and social security45 | - | €57,893 | €43,400 | €57,772 | €21,838 | ▼ 62.2% |
| Taxes450/3 | - | €55,829 | €43,400 | €57,772 | €21,838 | ▼ 62.2% |
| Remuneration and social security454/9 | - | €2,065 | - | - | - | - |
| Other amounts payable47/48 | - | €349,744 | €145,404 | €4,981 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €161,010 | -€397 | €164,265 | €46,794 | €2,968 | ▼ 93.7% |
| + Depreciation and write-downs630 | €8,529 | €2,704 | €3,095 | €2,867 | €2,596 | ▼ 9.4% |
| Operating cash flow (approximation) | €169,539 | €2,307 | €167,360 | €49,661 | €5,564 | ▼ 88.8% |
| Investment in fixed assets (approximation) | - | €61,907 | €0 | €0 | €0 | - |
| Change in cash | - | -€190,725 | €106,276 | €106,217 | -€242,937 | ▼ 329% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 29.42
Current ratio from 7.13 to 29.42; short-term debt falls from €138,494 to €24,203.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €164,265
Net result €164,265 after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€397
Net result drops to -€397, the lowest in the series; recovery starts the following year.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 19 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
31-12
Financial
Highest result since 2018net €166,903 ▲0.5%
Net result €166,903, the highest in the series.
31-12
Financial
Liquidity times 50current ratio 427.68
Current ratio from 8.48 to 427.68; short-term debt falls from €157,514 to €3,096.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
31-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Heist-op-den-Berg · 1 establishment unit since 2006
Ground area
1,448 m²
Building footprint
320 m²
Volume, LiDAR
989 m³
Parcel 12033C0731/00B000, Flanders · tallest building 4.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
TECH & TRADE
since 20062.151.251.152
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12033C0731/00B000 | Flanders | 1,448 m² | 1 · 320 m² | 4.8 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
875500A8CWGKMMJTNF72
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Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 998 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 (pre-2019)
Founded08-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877791602
Also
9925:BE0877791602
Registered
11-07-2024
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.