TECHBOX HEATING
ActiveSummary
TECHBOX HEATING has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €672,714 and a net result of €371,929. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 16% of 9,909 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-10-2016 Normal situation
- Activity
- Plumbing work NACE 43221and 1 other
- Joint committees
- 124 Paritair Comité voor het bouwbedrijf
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.258.466.440 8520 Kuurne, since 26-10-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 13-04-2026
Board and ownership
Board
- TECHBOX BVDirector · since 28-10-2016
Shareholders
- TECHBOX99.99%2024 annual accounts of TECHBOX
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.1%
Annual accounts 2025
- Gross margin
- €5.1m
- ▼ 16.8%
- Turnover
- ≈ €14.0m
- estimated
- Profit
- €371,929
- ▼ 19.2%
- Equity
- €672,714
- ▲ 124%
- Total assets
- €4.4m
- ▼ 15.8%
- Employees on 31-12-2025
- 28
- ▲ 3.7%
Score breakdownraises riskLiquidity: current ratio 1.89, cash €3,221, halvedEquity €672,714 (15.4% of total assets)Sector: Specialised construction activities (NACE 43)lowers riskProfit of €371,929 (financial year 2025)Show the evidence
Checked score
Score 2025
65
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 40% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Average
Solvency
40+9
equity 15.4% of total assets
Liquidity
25+6
short-term debt 50.5% · cash 0.1%
Profitability
58-1
return on assets 8.5%
Bankruptcy probability within 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.4%
01-2025: 2.4%● unchanged vs 12-2024
02-2025: 2.5%▲ +0.1 percentage points vs 01-2025
03-2025: 2.5%● unchanged vs 02-2025
04-2025: 2.7%▲ +0.2 percentage points vs 03-2025
05-2025: 2.7%● unchanged vs 04-2025highest value
06-2025: 1.3%▼ -1.4 percentage points vs 05-2025
07-2025: 1.3%● unchanged vs 06-2025
08-2025: 1.3%● unchanged vs 07-2025
09-2025: 1.3%● unchanged vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.4%▲ +0.1 percentage points vs 05-2026
07-2026: 1.4%● unchanged vs 06-2026
08-2026: 1.1%▼ -0.3 percentage points vs 07-2026lowest value
09-2026: 1.1%● unchanged vs 08-2026lowest value
10-2026: 1.1%● unchanged vs 09-2026lowest value
11-2026: 1.1%● unchanged vs 10-2026lowest value
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.89 (1.57 in 2024), above the usual 1.5. Short-term debt is 50.5% and cash 0.1% of total assets. However, 84.6% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 43, small). It does better than 16% of them on solvency, 16% on liquidity, 28% on profitability and 97% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 9909 sector peers (2025).
NBB · sector comparisonPosition among 9909 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
30 days early
2024
65 days early
2023
27 days early
2022
28 days early
2021
31 days early
2020
52 days early
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 01-07-2026 at the NBB all 9 filings
Turnover
≈ €14.0m
Estimated: probably between €11.0m and €17.0m
Total assets
€4.4m▼ 15.8%
2024 · €5.2m
Net result
€371,929▼ 19.2%
2024 · €460,592
Working capital
€2.0m▲ 10.6%
2024 · €1.8m
In the rankings
#6 employer in Kuurne, Construction sector#8 company by total assets in Kuurne, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€650,352
▼ 4.3%
2025
20182025
Net result
€371,929
▼ 19.2%
2025
highest quarter of the sector
20182025
Equity
€672,714
▲ 124%
2025
highest quarter of the sector
20182025
Total assets
€4.4m
▼ 15.8%
2025
highest quarter of the sector
20182025
Debt
€3.7m
▼ 24.3%
2025
20182025
Working capital
€2.0m
▲ 10.6%
2025
highest quarter of the sector
20182025
Solvency
15.4%
▲ 9.6pp
2025
lowest quarter of the sector
20182025
Current ratio
1.89
▲ 0.32
2025
middle half of the sector
20182025
Return on assets (ROA)
8.5%
▼ 0.4pp
2025
middle half of the sector
20182025
Staff (FTE)
27.9
▼ 1.4%
2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.3m-€0.03m€0.1m▲ 252%€0.1m▼ 5.8%€0.3m▲ 187%-€0.2m€0.7m€0.7m▼ 4.3%
Net result-€0.4m-€0.008m€0.009mwithin the sector's middle half▲ 12.8%€0.02mwithin the sector's middle half▲ 106%€0.2mabove the sector's middle half▲ 12×-€0.4mbelow the sector's middle half€0.5mabove the sector's middle half€0.4mabove the sector's middle half▼ 19.2%
Equity€0.04m-€0.04m▲ 21.8%€0.05mbelow the sector's middle half▲ 20.2%€0.07mbelow the sector's middle half▲ 34.6%€0.3mwithin the sector's middle half▲ 305%-€0.2mbelow the sector's middle half€0.3mwithin the sector's middle half€0.7mabove the sector's middle half▲ 124%
Total assets€1.8m-€2.9m▲ 59.8%€2.6mabove the sector's middle half▼ 10.0%€2.2mabove the sector's middle half▼ 15.1%€3.4mabove the sector's middle half▲ 53.5%€4.1mabove the sector's middle half▲ 22.6%€5.2mabove the sector's middle half▲ 26.3%€4.4mabove the sector's middle half▼ 15.8%
Debt€1.8m-€2.8m▲ 60.5%€2.5m▼ 10.4%€2.1m▼ 16.1%€3.1m▲ 45.3%€4.3m▲ 38.9%€4.9m▲ 14.6%€3.7m▼ 24.3%
Working capital-€0.06m--€0.05m▲ 8.5%€1.7mabove the sector's middle half€1.4mabove the sector's middle half▼ 14.5%€1.7mabove the sector's middle half▲ 18.2%€1.7mabove the sector's middle half▼ 1.3%€1.8mabove the sector's middle half▲ 5.7%€2.0mabove the sector's middle half▲ 10.6%
Solvency2.0%-1.5%▼ 0.5pp2.0%below the sector's middle half▲ 0.5pp3.2%below the sector's middle half▲ 1.2pp8.3%below the sector's middle half▲ 5.2pp-3.9%below the sector's middle half▼ 12.2pp5.8%below the sector's middle half▲ 9.7pp15.4%below the sector's middle half▲ 9.6pp
Current ratio0.96-0.98▲ 0.023.34above the sector's middle half▲ 2.363.40above the sector's middle half▲ 0.062.15within the sector's middle half▼ 1.251.79within the sector's middle half▼ 0.361.57within the sector's middle half▼ 0.221.89within the sector's middle half▲ 0.32
Return on assets (ROA)-20.7%-0.3%▲ 21.0pp0.3%below the sector's middle half▲ 0.1pp0.8%below the sector's middle half▲ 0.5pp6.3%within the sector's middle half▲ 5.5pp-10.7%below the sector's middle half▼ 17.0pp8.9%within the sector's middle half▲ 19.5pp8.5%within the sector's middle half▼ 0.4pp
Staff (FTE)23.8-24▲ 0.8%26.2above the sector's middle half▲ 9.2%22.3above the sector's middle half▼ 14.9%25.9above the sector's middle half▲ 16.1%27.7above the sector's middle half▲ 6.9%28.3above the sector's middle half▲ 2.2%27.9above the sector's middle half▼ 1.4%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 operating result for 2025 is 4% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.4m
Fixed assets
€195,102 ▼ 32.6%
Current assets
€4.2m ▼ 14.8%
Equity and liabilities €4.4m
Equity
€672,714 ▲ 124%
Debt
€3.7m ▼ 24.3%
Debt's share of the balance-sheet total falls from 94.2% to 84.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€747,730▼
2024 · €770,117
Cash flow
€469,307▼
2024 · €550,993
Quick ratio
1.62▲
2024 · 1.40
Debt to equity
5.51▼
2024 · 16.30
ROE
55.3%▼
2024 · 153.1%
Interest coverage
3.46▼
2024 · 3.52
Debt ≤ 1 year
€2.2m▼
2024 · €3.1m
Debt > 1 year
€1.5m▼
2024 · €1.5m
Income taxes
€99,138▲
2024 · €2,786
Staff costs
€2.2m▲
2024 · €2.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 24 | 26 | 27 | 27 | 28 |
| full-time | 23 | 25 | 25 | 25 | 26 |
| part-time | 1 | 1 | 2 | 2 | 2 |
| in full-time equivalents | 23.8 | 25.8 | 26.6 | 26.6 | 27.6 |
| Average over the year, in full-time equivalents | 23.1 | 25.9 | 27.7 | 28.3 | 27.9 |
| On a permanent contract | 24 | 26 | 27 | 27 | 28 |
| Joined | 7 | 9 | 5 | 7 | 7 |
| Left | 8 | 7 | 4 | 7 | 6 |
| Training hours | - | - | - | - | 273 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €285,208 | €257,578 | €229,677 | - | - |
| Pledge on the business | €490,000 | €100,000 | €100,000 | - | - |
| Mandates to pledge the business | - | €390,000 | €390,000 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €50,668 | €112,659 | €41,941 | €101,330 | €21,452 |
| Intangible fixed assets | €4,682 | - | €150,000 | - | - |
| Financial fixed assets | €125 | €400 | - | - | €0 |
| Depreciation and write-downs of the year | €46,453 | €54,429 | €58,862 | €90,400 | €97,378 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €6,032 awarded · €5,823 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €1,900 | €1,881 |
| 2024 | 2 | -€2,390 | €1,505 |
| 2023 | 2 | €4,350 | €397 |
| 2022 | 1 | €2,172 | €2,040 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.01m | €0.02m | €0.008m | €0.1m | €0.08m | ▼ 25.5% |
| Remuneration, social security and pensions62 | - | - | - | €1.4m | €1.7m | €2.0m | €2.1m | €2.2m | ▲ 4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.05m | €0.06m | €0.05m | €0.05m | €0.05m | €0.06m | €0.09m | €0.1m | ▲ 7.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | - | €0.007m | - |
| Other operating charges640/8 | - | - | - | €0.8m | €1.4m | €2.6m | €3.2m | €2.1m | ▼ 34.5% |
| Non-recurring operating charges66A | - | - | - | €0.007m | €0.004m | €0 | €0.002m | €0.001m | ▼ 57.9% |
| Gross operating margin9900 | €1.2m | €1.9m | €1.8m | €2.3m | €3.5m | €4.5m | €6.1m | €5.1m | ▼ 16.8% |
| Operating profit (loss)9901 | -€0.3m | €0.03m | €0.1m | €0.1m | €0.3m | -€0.2m | €0.7m | €0.7m | ▼ 4.3% |
| Financial income75/76B | - | - | - | €0.02m | €0.04m | €0.01m | €0.002m | €0.04m | ▲ 16× |
| Recurring financial income75 | €0.009m | €0.02m | €0.02m | €0.02m | €0.04m | €0.01m | €0.002m | €0.04m | ▲ 16× |
| Financial charges65/66B | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 1.2% |
| Recurring financial charges65 | €0.04m | €0.04m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 1.2% |
| Profit (loss) for the period before taxes9903 | -€0.4m | €0.01m | €0.01m | €0.02m | €0.2m | -€0.4m | €0.5m | €0.5m | ▲ 1.7% |
| Income taxes67/77 | €0.006m | €0.002m | €0.002m | €0.002m | €0.002m | €0.003m | €0.003m | €0.1m | ▲ 36× |
| Profit (loss) for the period9904 | -€0.4m | €0.008m | €0.009m | €0.02m | €0.2m | -€0.4m | €0.5m | €0.4m | ▼ 19.2% |
| Profit (loss) for the period to be appropriated9905 | -€0.4m | €0.008m | €0.009m | €0.02m | €0.2m | -€0.4m | €0.5m | €0.4m | ▼ 19.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €2.9m | €2.6m | €2.2m | €3.4m | €4.1m | €5.2m | €4.4m | ▼ 15.8% |
| Formation expenses20 | - | - | €194 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 32.6% |
| Intangible fixed assets21 | €0.01m | €0.009m | €0.01m | €0.01m | €0.007m | €0.2m | €0.1m | €0.09m | ▼ 26.0% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | €0.1m | €0.2m | €0.1m | ▼ 37.5% |
| Land and buildings22 | - | - | - | €0.08m | €0.06m | €0.05m | €0.04m | €0.02m | ▼ 36.4% |
| Plant, machinery and equipment23 | - | - | - | €0.008m | €0.02m | €0.04m | €0.06m | €0.04m | ▼ 41.2% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.05m | €0.03m | €0.05m | €0.04m | ▼ 33.3% |
| Leasing and similar rights25 | - | - | - | - | €0.02m | €0.02m | €0.01m | €0.006m | ▼ 45.7% |
| Other tangible fixed assets26 | - | - | - | €0.004m | €0.004m | €0.003m | €0.003m | €0.002m | ▼ 16.9% |
| Financial fixed assets28 | €0.002m | €38 | €0.001m | €163 | €0.001m | €193 | €163 | €38 | ▼ 76.7% |
| Current assets29/58 | €1.6m | €2.7m | €2.4m | €2.0m | €3.2m | €3.8m | €4.9m | €4.2m | ▼ 14.8% |
| Stocks and contracts in progress3 | €0.2m | €0.3m | €0.2m | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 12.6% |
| Stocks30/36 | - | - | - | €0.2m | €0.3m | €0.4m | €0.5m | €0.6m | ▲ 12.6% |
| Contracts in progress37 | - | - | - | €0.1m | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.1m | €1.7m | €1.3m | €1.0m | €2.4m | €3.0m | €4.2m | €3.3m | ▼ 22.5% |
| Trade receivables40 | - | - | - | €1.0m | €2.2m | €2.8m | €4.0m | €3.0m | ▼ 25.5% |
| Other amounts receivable41 | - | - | - | €0.07m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 46.3% |
| Cash at bank and in hand54/58 | €0.07m | €0.3m | €0.5m | €0.5m | €0.3m | €0.2m | €0.01m | €0.003m | ▼ 74.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.3m | ▲ 111% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €2.9m | €2.6m | €2.2m | €3.4m | €4.1m | €5.2m | €4.4m | ▼ 15.8% |
| Equity10/15 | €0.04m | €0.04m | €0.05m | €0.07m | €0.3m | -€0.2m | €0.3m | €0.7m | ▲ 124% |
| Contributions10/11 | €1.0m | - | - | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | -€0.9m | -€0.9m | -€0.9m | -€0.9m | -€0.7m | -€1.1m | -€0.6m | -€0.3m | ▲ 57.3% |
| Amounts payable17/49 | €1.8m | €2.8m | €2.5m | €2.1m | €3.1m | €4.3m | €4.9m | €3.7m | ▼ 24.3% |
| Amounts payable after more than one year17 | €0.1m | €0.09m | €1.8m | €1.5m | €1.5m | €2.0m | €1.5m | €1.5m | ▼ 0.4% |
| Financial debts170/4 | - | - | - | €1.5m | €1.5m | €2.0m | €1.5m | €1.5m | ▼ 0.4% |
| Amounts payable within one year42/48 | €1.6m | €2.7m | €0.7m | €0.6m | €1.5m | €2.1m | €3.1m | €2.2m | ▼ 29.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.01m | €0.005m | €0.005m | ▲ 1.7% |
| Financial debts43 | - | - | - | €0.2m | €0.2m | €0.2m | €0 | - | - |
| Credit institutions430/8 | - | - | - | €0.2m | €0.2m | €0.2m | €0 | - | - |
| Trade debts44 | €0.6m | €0.6m | €0.3m | €0.2m | €0.7m | €1.2m | €1.4m | €1.3m | ▼ 4.9% |
| Suppliers440/4 | - | - | - | €0.2m | €0.7m | €1.2m | €1.4m | €1.3m | ▼ 4.9% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 9.6% |
| Taxes450/3 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | €0.04m | ▲ 15.7% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 8.6% |
| Other amounts payable47/48 | - | - | - | - | €0.3m | €0.5m | €1.5m | €0.6m | ▼ 57.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | €0.09m | €0.1m | €0.3m | €0.01m | ▼ 95.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€371,279 | €7,662 | €8,643 | €17,822 | €211,151 | -€440,264 | €460,592 | €371,929 | ▼ 19.2% |
| + Depreciation and write-downs630 | €52,937 | €55,757 | €45,110 | €46,453 | €54,429 | €58,862 | €90,400 | €97,378 | ▲ 7.7% |
| Operating cash flow (approximation) | -€318,342 | €63,419 | €53,753 | €64,275 | €265,580 | -€381,402 | €550,993 | €469,307 | ▼ 14.8% |
| Investment in fixed assets (approximation) | - | -€32,017 | -€21,559 | -€22,130 | -€83,604 | -€184,264 | -€85,504 | -€2,861 | ▲ 96.7% |
| Change in cash | - | €222,548 | €236,315 | -€34,235 | -€177,878 | -€93,485 | -€214,776 | -€9,399 | ▲ 95.6% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,609 companies had the same profile as TECHBOX HEATING has now. Two years later, 96.8% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
96.8%
was still going
2.1%
stopped otherwise
1.0%
went bankrupt
That fits the bankruptcy probability of TECHBOX HEATING itself: 1.1% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 2,609 companies, not a prediction for TECHBOX HEATING. 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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-07-2026 | 2026-00233142 | |
| 31-12-2024 | abbreviated format | 27-05-2025 | 2025-00110766 | |
| 31-12-2023 | abbreviated format | 04-07-2024 | 2024-00227541 | |
| 31-12-2022 | abbreviated format | 03-07-2023 | 2023-00215391 | |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20159617 | |
| 31-12-2020 | abbreviated format | 09-06-2021 | 2021-18600521 | |
| 31-12-2019 | abbreviated format | 08-07-2020 | 2020-28300144 | |
| 31-12-2018 | abbreviated format | 11-07-2019 | 2019-32300256 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-57200429 |
Board & ownership
Directors
Directors
1 director
TECHBOX BV
Current
Director · since 28-10-2016 · Legal entity · listed in the 2025 annual accounts, filed on 01-07-2026
Owners and capital
Shareholders
1 ownerChain of control
- TECHBOX
- TECHBOX HEATING
Owners 1
- TECHBOXparentSourceaccounts TECHBOX 2024Equity €5.7m Profit of €57,638 in 2025 (profit of €268,457 in 2024)99.99%
Network & group
Companies at the same address
5 other companies- TECHBOX Registered office · since 2016 0664938958
- VENTILAIR GROUP INTERNATIONAL Registered office · since 2012 0848369423
- TORNADO COLORS Registered office · since 2008 0898692330
- VENTILAIR GROUP BELGIUM Registered office · since 2005 0874699874
- TECHBOX VENTILATION Registered office · since 2004 0866677875
Connections & network
1 current directorThe network starts from the directors of TECHBOX HEATING. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
01-07
abbreviated format · 30 days before the deadline
2025
31-12
Financial
Equity above €500,000equity €672,714 ▲124%
After 2 profitable years in a row, equity reaches €672,714.
27-05
abbreviated format · 65 days before the deadline
2024
31-12
Financial
Back to profitnet €460,592
The net result is €460,592, after one loss-making year.
31-12
Financial
Equity above €200,000equity €300,785
Equity rises from -€159,807 to €300,785.
04-07
abbreviated format · 27 days before the deadline
2023
31-12
Financial
Weakest financial yearnet -€440,264
The net result drops to -€440,264, the lowest from 2018 to 2025. It recovers the following year.
03-07
abbreviated format · 28 days before the deadline
2022
31-12
Financial
Equity above €200,000equity €280,457 ▲305%
After 4 profitable years in a row, equity reaches €280,457.
30-06
abbreviated format · 31 days before the deadline
2021
09-06
abbreviated format · 52 days before the deadline
2020
31-12
Financial
Liquidity more than triplescurrent ratio 3.34
The current ratio rises from 0.98 to 3.34. Short-term debt falls from €2.7m to €723,472.
Show earlier events
08-07
abbreviated format · 23 days before the deadline
2019
31-12
Financial
Back to profitnet €7,662
The net result is €7,662, after one loss-making year.
11-07
abbreviated format · 20 days before the deadline
2018
31-08
abbreviated format · 31 days late
2016
28-10
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
TECHBOX HEATING in Dutch
Enterprise number
0665.521.651
LEI code
648800CLDB1GHMKRCQ21
live in the LEI register
Legal form
Private limited company
Status
Active, normale toestand
Founded
26-10-2016
Entity type
Legal entity
Registered office and establishments
Registered office
Pieter Verhaeghestraat 8, 8520 Kuurne, Belgium
Establishment unit
TECHBOX HEATING, Pieter Verhaeghestraat 8, 8520 Kuurne since 26-10-2016 · unit number 2.258.466.44043211 General electrical installation work
Activities
NACEBEL 2025VAT activities
43221
Plumbing work main activity
43222
Installation of electric heating, air conditioning, cooling and ventilation
Social security (RSZ) activities
43222
Installation of electric heating, air conditioning, cooling and ventilation main activity
Codes under NACEBEL 2008
VAT activities
43221
Plumbing main activity
43222
Specialised construction activities
Social security (RSZ) activities
43222
Specialised construction activities main activity
Joint committees
124 Paritair Comité voor het bouwbedrijf
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
Invoicing and payment
VAT number
BE 0665.521.651
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0665.521.651
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
2,416 m²
Building footprint
1,143 m²
Building volume
4,537 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34023A0421/00S000 | Flanders | 2,416 m² | 1 · 1,143 m² | 6.2 m · 1 |