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TECHBOX VENTILATION

Active
Private limited companyfounded 2004active for 22 yearsPieter Verhaeghestraat 8, 8520 Kuurne, BelgiumKBO/BCE: BE 0866.677.875
Summary

TECHBOX VENTILATION has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.0m and a net result of €84,556, of which €97,688 non-recurring income. Equity is growing by about 3.8% per year across the filed financial years. Its solvency ranks better than 71% of 2,436 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222
2nd largest employer in Kuurne, Construction sector1 site
Size
€11.9mturnover 2025
Staff
58.2 FTE
Equity
€2.0m
Profit
€84,556
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
TECHBOX · 99.89%
Auditor: Moore Audit2025 accounts 30 days early1 of 10 deeds summarised
Why 85raises riskSector: Specialised construction activities (NACE 43)Liquidity: current ratio 2.45, cash €51,074, halvedlowers riskFounded in 2004Figures for financial year 2025 (filed 01-07-2026)Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 47% of its sector peers (NACE 43, medium-sized)
Financial strength · tick = 2024
Average
Solvency 85+22
equity 59.9% of total assets
Liquidity 33+2
short-term debt 40.0% · cash 1.5%
Profitability 47-9
return on assets 2.5%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (243 companies, NACE 43, medium-sized)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.3%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: 0.3%● unchanged vs 09-2026highest value
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.45, compared with 1.6 in 2024, above the usual 1.5; short-term debt: 40% and cash: 1.5% of total assets), and 40.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, medium-sized): better than 84% on solvency, 43% on liquidity, 26% on profitability and 36% on growth.

The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 2004
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Sector: Specialised construction activities (NACE 43)
KBO
lowers risk · Figures for financial year 2025 (filed 01-07-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.45, cash €51,074, halved
NBB · annual accounts
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 · 10 filings
Deviation from the deadline
2025
30 days early
2024
65 days early
2023
27 days early
2022
14 days early
2021
12 days early
2020
15 days early
2019
23 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 27 days before the deadline; the sector median (NACE 43) for financial year 2024 is 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 5 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Equity above €2mequity €2.0m ▲4.4%
  3. Reappointment: Moore Audit (statutory auditor)Gazette deed

Financials · financial year 2025, full format

Turnover
€11.9m▼ 5.3%
2024 · €12.6m
EBIT margin
2.2%▼ 2.1pp
2024 · 4.2%
Net result
€84,556▼ 61.9%
2024 · €221,875
Working capital
€2.0m▲ 5.7%
2024 · €1.9m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 52% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€11.9m 2025 Operating result€0.3m 2025 Net result€0.08m 2025

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

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€10.1m-€14.0m▲ 37.8%€14.6m▲ 4.9%€14.1m▼ 3.5%€13.8m▼ 2.2%€15.0m▲ 8.4%€12.6m▼ 16.0%€11.9m▼ 5.3%
Operating result€0.2m-€0.8m▲ 218%€1.0m▲ 23.2%€0.5m▼ 45.5%€0.2m▼ 56.8%€0.3m▲ 26.6%€0.5m▲ 82.3%€0.3m▼ 51.6%
Net result€0.07m-€0.5m▲ 582%€0.6mabove the sector's middle half▲ 22.0%€0.2mabove the sector's middle half▼ 59.0%€0.05mwithin the sector's middle half▼ 77.2%€0.05mwithin the sector's middle half▼ 8.1%€0.2mabove the sector's middle half▲ 340%€0.08mwithin the sector's middle half▼ 61.9%
EBIT margin2.5%-5.7%▲ 3.2pp6.7%▲ 1.0pp3.8%▼ 2.9pp1.7%▼ 2.1pp1.9%▲ 0.3pp4.2%▲ 2.3pp2.2%▼ 2.1pp
Equity€1.7m-€1.1m▼ 37.0%€1.7mabove the sector's middle half▲ 53.9%€1.6mabove the sector's middle half▼ 3.6%€1.7mabove the sector's middle half▲ 3.4%€1.7mabove the sector's middle half▲ 3.0%€1.9mabove the sector's middle half▲ 12.9%€2.0mabove the sector's middle half▲ 4.4%
Total assets€3.8m-€5.1m▲ 35.1%€4.0mabove the sector's middle half▼ 21.4%€4.0mabove the sector's middle half▼ 1.8%€4.9mabove the sector's middle half▲ 23.2%€4.7mabove the sector's middle half▼ 4.4%€5.0mabove the sector's middle half▲ 8.2%€3.4mwithin the sector's middle half▼ 33.0%
Debt€2.1m-€4.0m▲ 95.2%€2.4m▼ 41.7%€2.3m▼ 0.6%€3.2m▲ 36.8%€2.9m▼ 8.2%€3.1m▲ 5.4%€1.4m▼ 56.4%
Working capital€1.6m-€1.0m▼ 36.8%€1.6mabove the sector's middle half▲ 54.4%€1.5mabove the sector's middle half▼ 4.1%€1.5mabove the sector's middle half▲ 2.5%€1.6mabove the sector's middle half▲ 3.9%€1.9mabove the sector's middle half▲ 14.9%€2.0mabove the sector's middle half▲ 5.7%
Solvency45.4%-21.2%▼ 24.3pp41.5%within the sector's middle half▲ 20.3pp40.8%within the sector's middle half▼ 0.7pp34.2%within the sector's middle half▼ 6.6pp36.9%within the sector's middle half▲ 2.6pp38.5%within the sector's middle half▲ 1.6pp59.9%within the sector's middle half▲ 21.4pp
Current ratio1.78-1.25▼ 0.531.67within the sector's middle half▲ 0.421.64within the sector's middle half▼ 0.031.49within the sector's middle half▼ 0.151.56within the sector's middle half▲ 0.071.60within the sector's middle half▲ 0.042.45within the sector's middle half▲ 0.85
Return on assets (ROA)1.9%-9.4%▲ 7.5pp14.5%above the sector's middle half▲ 5.2pp6.1%within the sector's middle half▼ 8.5pp1.1%within the sector's middle half▼ 4.9pp1.1%within the sector's middle half=4.4%within the sector's middle half▲ 3.3pp2.5%within the sector's middle half▼ 1.9pp
Staff (FTE)57.5-57.2▼ 0.5%63above the sector's middle half▲ 10.1%66.4above the sector's middle half▲ 5.4%62.1above the sector's middle half▼ 6.5%64.4above the sector's middle half▲ 3.7%62.4above the sector's middle half▼ 3.1%58.2above the sector's middle half▼ 6.7%
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.4m
Fixed assets €71,696 ▼ 37.3%
Current assets €3.3m ▼ 32.9%
Equity and liabilities €3.4m
Equity €2.0m ▲ 4.4%
Debt €1.4m ▼ 56.4%
Debt's share of the balance-sheet total falls from 61.5% to 40.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€311,622▼
2024 · €585,370
Cash flow
€139,590▼
2024 · €276,694
Quick ratio
2.26▲
2024 · 1.50
Debt to equity
0.67▼
2024 · 1.60
ROE
4.2%▼
2024 · 11.4%
Interest coverage
3.99▼
2024 · 4.83
Debt ≤ 1 year
€1.4m▼
2024 · €3.1m
Debt > 1 year
€1,376▼
2024 · €17,889
Income taxes
€49,418▼
2024 · €119,214
Staff costs
€4.4m▼
2024 · €4.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,887 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97.9% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.1% went bankrupt
2.0% stopped otherwise
97.9% still going

For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 1,887 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 77 lines
Balance sheet Code20242025
Assets
Total assets20/58€5.0m€3.4m▼
Fixed assets21/28€0.1m€0.07m▼
Intangible fixed assets21€0.004m€340▼
Tangible fixed assets22/27€0.1m€0.07m▼
Plant, machinery and equipment23€0.02m€0.01m▼
Furniture and vehicles24€0.05m€0.04m▼
Leasing and similar rights25€0.03m€0.02m▼
Other tangible fixed assets26€0.01m€0.004m▼
Current assets29/58€4.9m€3.3m▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€0.3m€0.2m▼
Stocks30/36€0.3m€0.2m▼
Goods purchased for resale34€0.3m€0.2m▼
Amounts receivable within one year40/41€3.9m€2.9m▼
Trade receivables40€2.6m€2.7m▲
Other amounts receivable41€1.3m€0.2m▼
Cash at bank and in hand54/58€0.5m€0.05m▼
Deferred charges and accrued income490/1€0.2m€0.1m▼
Equity and liabilities
Total equity and liabilities10/49€5.0m€3.4m▼
Equity10/15€1.9m€2.0m▲
Contributions10/11€0.09m€0.09m=
Reserves13€1.9m€1.9m▲
Non-distributable reserves130/1€0.009m€0.009m=
Reserves not available under the articles1311€0.009m€0.009m=
Tax-exempt reserves132€0-
Distributable reserves133€1.8m€1.9m▲
Amounts payable17/49€3.1m€1.4m▼
Amounts payable after more than one year17€0.02m€0.001m▼
Financial debts170/4€0.02m€0.001m▼
Leasing and similar obligations172€0.02m€0.001m▼
Amounts payable within one year42/48€3.1m€1.4m▼
Current portion of amounts payable after more than one year42€0.02m€0.02m▲
Financial debts43€1.4m€0▼
Credit institutions430/8€1.4m€0▼
Trade debts44€1.0m€0.7m▼
Suppliers440/4€1.0m€0.7m▼
Advances received on contracts in progress46€0.04m€0▼
Taxes, remuneration and social security45€0.6m€0.6m▼
Taxes450/3€0.1m€0.08m▼
Remuneration and social security454/9€0.5m€0.5m▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0.004m€0▼
Income statement Code20242025
Operating income70/76A€14.4m€13.5m▼
Turnover70€12.6m€11.9m▼
Other operating income74€1.8m€1.4m▼
Non-recurring operating income76A€0.04m€0.1m▲
Operating charges60/66A€13.9m€13.2m▼
Goods for resale, raw materials and consumables60€6.1m€5.9m▼
Purchases600/8€6.0m€5.8m▼
Change in stocks: decrease (increase)609€0.05m€0.08m▲
Services and other goods61€1.7m€1.6m▼
Remuneration, social security and pensions62€4.5m€4.4m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.06m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.08m-€0.008m▲
Other operating charges640/8€1.6m€1.2m▼
Non-recurring operating charges66A€0.001m€0.004m▲
Operating profit (loss)9901€0.5m€0.3m▼
Financial income75/76B€0.01m€0.02m▲
Recurring financial income75€0.01m€0.02m▲
Income from financial fixed assets750€207€0▼
Income from current assets751€0.006m€0.02m▲
Other financial income752/9€0.005m€0.003m▼
Financial charges65/66B€0.2m€0.1m▼
Recurring financial charges65€0.2m€0.1m▼
Debt charges650€0.1m€0.08m▼
Other financial charges652/9€0.08m€0.07m▼
Profit (loss) for the period before taxes9903€0.3m€0.1m▼
Income taxes67/77€0.1m€0.05m▼
Taxes670/3€0.1m€0.05m▼
Profit (loss) for the period9904€0.2m€0.08m▼
Transfer from tax-exempt reserves789€0.3m€0▼
Profit (loss) for the period to be appropriated9905€0.6m€0.08m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.6m€0.08m▼
Transfer to equity691/2€0.6m€0.08m▼
To other reserves6921€0.6m€0.08m▼
Social balance sheet
Average headcount (FTE)908762.458.2▼

The notes to these accounts (76 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A---€16.4m€16.6m€16.6m€14.4m€13.5m▼ 6.9%
Turnover70€10.1m€14.0m€14.6m€14.1m€13.8m€15.0m€12.6m€11.9m▼ 5.3%
Other operating income74---€2.2m€2.7m€1.5m€1.8m€1.4m▼ 21.5%
Non-recurring operating income76A---€0.03m€0.03m€0.04m€0.04m€0.1m▲ 170%
Operating charges60/66A---€15.8m€16.3m€16.3m€13.9m€13.2m▼ 5.2%
Goods for resale, raw materials and consumables60---€7.3m€7.5m€8.2m€6.1m€5.9m▼ 3.2%
Purchases600/8---€7.4m€7.7m€8.2m€6.0m€5.8m▼ 3.7%
Change in stocks: decrease (increase)609----€0.08m-€0.1m€0.02m€0.05m€0.08m▲ 60.9%
Services and other goods61---€2.2m€2.0m€2.0m€1.7m€1.6m▼ 2.5%
Remuneration, social security and pensions62---€4.3m€4.3m€4.7m€4.5m€4.4m▼ 2.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.05m€0.03m€0.02m€0.03m€0.05m€0.06m€0.05m€0.06m▲ 0.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0.02m-€0.006m-€207-€0.08m-€0.008m▲ 90.2%
Other operating charges640/8---€2.0m€2.5m€1.3m€1.6m€1.2m▼ 26.4%
Non-recurring operating charges66A---€0.01m€0.002m€0€0.001m€0.004m▲ 280%
Operating profit (loss)9901€0.2m€0.8m€1.0m€0.5m€0.2m€0.3m€0.5m€0.3m▼ 51.6%
Financial income75/76B---€0.01m€0.02m€0.006m€0.01m€0.02m▲ 99.5%
Recurring financial income75€0.02m€0.02m€0.05m€0.01m€0.02m€0.006m€0.01m€0.02m▲ 99.5%
Income from financial fixed assets750---€0€7€8€207€0▼ 100%
Income from current assets751---€0.003m€0.005m€0.004m€0.006m€0.02m▲ 219%
Other financial income752/9---€0.01m€0.01m€0.003m€0.005m€0.003m▼ 43.5%
Financial charges65/66B---€0.2m€0.1m€0.2m€0.2m€0.1m▼ 27.6%
Recurring financial charges65€0.1m€0.2m€0.2m€0.2m€0.1m€0.2m€0.2m€0.1m▼ 27.6%
Debt charges650€0.01m€0.02m€0.03m€0.02m€0.03m€0.09m€0.1m€0.08m▼ 35.5%
Other financial charges652/9---€0.2m€0.1m€0.1m€0.08m€0.07m▼ 15.6%
Profit (loss) for the period before taxes9903€0.1m€0.6m€0.8m€0.4m€0.1m€0.1m€0.3m€0.1m▼ 60.7%
Income taxes67/77€0.06m€0.2m€0.2m€0.1m€0.05m€0.05m€0.1m€0.05m▼ 58.5%
Taxes670/3---€0.1m€0.05m€0.05m€0.1m€0.05m▼ 58.5%
Tax adjustments and reversals of tax provisions77---€0€0----
Profit (loss) for the period9904€0.07m€0.5m€0.6m€0.2m€0.05m€0.05m€0.2m€0.08m▼ 61.9%
Transfer from tax-exempt reserves789---€0--€0.3m€0▼ 100%
Transfer to tax-exempt reserves689---€0-----
Profit (loss) for the period to be appropriated9905€0.03m€0.5m€0.8m€0.2m€0.05m€0.05m€0.6m€0.08m▼ 84.9%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€3.8m€5.1m€4.0m€4.0m€4.9m€4.7m€5.0m€3.4m▼ 33.0%
Fixed assets21/28€0.1m€0.07m€0.1m€0.1m€0.2m€0.2m€0.1m€0.07m▼ 37.3%
Intangible fixed assets21€0.02m€0.007m€0.02m€0.02m€0.01m€0.009m€0.004m€340▼ 91.5%
Tangible fixed assets22/27€0.09m€0.06m€0.09m€0.08m€0.2m€0.2m€0.1m€0.07m▼ 35.3%
Plant, machinery and equipment23---€0.003m€0.002m€0.02m€0.02m€0.01m▼ 37.4%
Furniture and vehicles24---€0.04m€0.06m€0.07m€0.05m€0.04m▼ 20.9%
Leasing and similar rights25----€0.07m€0.05m€0.03m€0.02m▼ 47.5%
Other tangible fixed assets26---€0.04m€0.03m€0.02m€0.01m€0.004m▼ 56.1%
Current assets29/58€3.7m€5.1m€3.9m€3.9m€4.7m€4.5m€4.9m€3.3m▼ 32.9%
Amounts receivable after more than one year29-----€0.5m€0--
Other amounts receivable291-----€0.5m€0--
Stocks and contracts in progress3€0.2m€0.2m€0.2m€0.3m€0.4m€0.4m€0.3m€0.2m▼ 23.6%
Stocks30/36---€0.3m€0.4m€0.4m€0.3m€0.2m▼ 23.6%
Goods purchased for resale34---€0.3m€0.4m€0.4m€0.3m€0.2m▼ 23.6%
Amounts receivable within one year40/41€3.1m€3.5m€2.4m€2.7m€3.5m€2.5m€3.9m€2.9m▼ 25.4%
Trade receivables40---€2.5m€3.2m€2.3m€2.6m€2.7m▲ 2.2%
Other amounts receivable41---€0.2m€0.3m€0.2m€1.3m€0.2m▼ 82.6%
Cash at bank and in hand54/58€0.1m€1.1m€1.3m€0.8m€0.7m€1.0m€0.5m€0.05m▼ 90.3%
Deferred charges and accrued income490/1---€0.05m€0.2m€0.1m€0.2m€0.1m▼ 42.2%
Equity and liabilities
Total equity and liabilities10/49€3.8m€5.1m€4.0m€4.0m€4.9m€4.7m€5.0m€3.4m▼ 33.0%
Equity10/15€1.7m€1.1m€1.7m€1.6m€1.7m€1.7m€1.9m€2.0m▲ 4.4%
Contributions10/11€0.09m--€0.09m€0.09m€0.09m€0.09m€0.09m=
Reserves13€1.6m€1.0m€1.6m€1.5m€1.6m€1.6m€1.9m€1.9m▲ 4.6%
Non-distributable reserves130/1---€0.009m€0.009m€0.009m€0.009m€0.009m=
Reserves not available under the articles1311---€0.009m€0.009m€0.009m€0.009m€0.009m=
Tax-exempt reserves132---€0.3m€0.3m€0.3m€0--
Distributable reserves133---€1.2m€1.2m€1.3m€1.8m€1.9m▲ 4.6%
Amounts payable17/49€2.1m€4.0m€2.4m€2.3m€3.2m€2.9m€3.1m€1.4m▼ 56.4%
Amounts payable after more than one year17----€0.05m€0.03m€0.02m€0.001m▼ 92.3%
Financial debts170/4----€0.05m€0.03m€0.02m€0.001m▼ 92.3%
Leasing and similar obligations172----€0.05m€0.03m€0.02m€0.001m▼ 92.3%
Amounts payable within one year42/48€2.1m€4.0m€2.3m€2.3m€3.2m€2.9m€3.1m€1.4m▼ 56.1%
Current portion of amounts payable after more than one year42----€0.02m€0.02m€0.02m€0.02m▲ 1.6%
Financial debts43---€1.0m€1.3m€1.5m€1.4m€0▼ 100%
Credit institutions430/8---€1.0m€1.3m€1.5m€1.4m€0▼ 100%
Trade debts44€1.0m€0.8m€0.7m€0.7m€1.3m€0.7m€1.0m€0.7m▼ 27.6%
Suppliers440/4---€0.7m€1.3m€0.7m€1.0m€0.7m▼ 27.6%
Advances received on contracts in progress46---€0€0.01m€0.04m€0.04m€0▼ 100%
Taxes, remuneration and social security45---€0.6m€0.6m€0.7m€0.6m€0.6m▼ 1.4%
Taxes450/3---€0.07m€0.08m€0.1m€0.1m€0.08m▼ 21.9%
Remuneration and social security454/9---€0.5m€0.5m€0.6m€0.5m€0.5m▲ 2.5%
Other amounts payable47/48---€0.05m€265€383€0--
Accrued charges and deferred income492/3---€0-€0.02m€0.004m€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.07m€0.5m€0.6m€0.2m€0.05m€0.05m€0.2m€0.08m▼ 61.9%
+ Depreciation and write-downs630€0.05m€0.03m€0.02m€0.03m€0.05m€0.06m€0.05m€0.06m▲ 0.4%
Operating cash flow (approximation)€0.1m€0.5m€0.6m€0.3m€0.1m€0.1m€0.3m€0.1m▼ 49.6%
Investment in fixed assets (approximation)-€0.01m-€0.06m-€0.03m-€0.1m-€0.05m-€0.007m-€0.01m▼ 88.6%
Change in cash-€1.0m€0.1m-€0.5m-€0.1m€0.3m-€0.5m-€0.5m▼ 3.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 21 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 01-07-2026 2026-00233137
31-12-2024 full format 27-05-2025 2025-00110935
31-12-2023 full format 04-07-2024 2024-00222764
31-12-2022 full format 17-07-2023 2023-00257672
31-12-2021 full format 19-07-2022 2022-20197975
31-12-2020 full format 16-07-2021 2021-38600019
31-12-2019 full format 08-07-2020 2020-27800500
31-12-2018 full format 29-08-2019 2019-56500007
31-12-2017 full format 14-02-2019 2019-05100181
31-12-2016 full format 08-11-2017 2017-69400587

Show all 21 filings

Similar companies · same sector, comparable size

Of the 9,481 active companies whose main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222), figures are known for 5,759. 2,064 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 4 entries · €7,133 awarded · €6,444 paid
Year Entries AwardedPaid
2025 1 €2,124€2,016
2024 1 €1,666€1,526
2023 1 €1,954€1,668
2022 1 €1,389€1,234
Schemes
4 entries · €7,133 · €6,444 paid · Fonds voor Innoveren en Ondernemen

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

Directors

Directors

Statutory auditor 1

Moore Audit
Statutory auditor · since 09-07-2025 · permanent representative: Wendy Vanderbiest
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2025, 1 in office
Show
  • Statutory auditor
Mandates per person, with start and end dates
Name Functions and periods
Moore Audit
  • Statutory auditor, from 09-07-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

2 owners

Chain of control

  1. TECHBOX 99.89%
  2. TECHBOX VENTILATION

Highest known parent: TECHBOX. The sources do not say who stands above it.

According to the 2025 annual accounts of TECHBOX VENTILATION and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

Depth

The network starts from this company’s shareholders. What else they own or run appears here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 6 August 2004, TECHBOX VENTILATION was incorporated.1 Turnover went from €10.1m in 2018 to €11.9m in 2025 and headcount from 57.5 to 58.2 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
financial year 2025 · full format
2025
31-12
Financial Equity above €2mequity €2.0m ▲4.4%
A profit in every financial year since 2018 builds equity to €2.0m.
09-07
Gazette deed Reappointment: Moore Audit (statutory auditor)
2 facts ▸
  • General meeting, 26-05-2025
  • Auditor reappointment, Moore Audit (statutory auditor)
27-05
NBB filing Annual accounts filed
financial year 2024 · full format
2024
04-07
NBB filing Annual accounts filed
financial year 2023 · full format
2023
17-07
NBB filing Annual accounts filed
financial year 2022 · full format
2022
19-07
NBB filing Annual accounts filed
financial year 2021 · full format
2021
16-07
NBB filing Annual accounts filed
financial year 2020 · full format
2020
31-12
Financial Highest result from 2018 to 2025net €586,714 ▲22%
Operating result €975,316, net result €586,714, both a record.
08-07
NBB filing Annual accounts filed
financial year 2019 · full format
2019
29-08
NBB filing Annual accounts filed
financial year 2018 · full format · 29 days late
14-02
NBB filing Annual accounts filed
financial year 2017 · full format · 198 days late
2017
08-11
NBB filing Annual accounts filed
financial year 2016 · full format · 100 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 21 annual accounts filed, the latest 10 are here; all 21 are under Financials.
1 of 10 deeds read
About the unread acts

Of the 10 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded06-08-2004
Financial year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Reachable via Peppol
Peppol ID 0208:0866677875
Registered 30-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

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, with enterprise number 0866.677.875

Recognitions · licences · registrations

Recognised contractor

4 categories
TECHBOX VENTILATION BVapproval no. 37756
  • D16 Sanitary installations and gas heating with individual appliancesclass 5, up to €2,172,000
  • D17 Central heating, thermal installationsclass 5, up to €2,172,000
  • D18 Ventilation, warm-air heating and air conditioningclass 6, up to €3,870,000
  • P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
decision 08-07-2024

Legal Entity Identifier

6488M63M0Q3VD3IK7463
live in the LEI register

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Kuurne · 1 establishment unit since 2004
registered office establishment The establishment unit on the map
Ground area
2,416 m²
Building footprint
1,143 m²
Building volume
4,537 m³
Parcel 34023A0421/00S000, Flanders · tallest building 6.2 m. Linked by address, not a title deed.
6 companies at this address See who is registered here
1 establishment unit
GEEN
Pieter Verhaeghestraat 8, 8520 KuurneInstallation of electric heating, air conditioning, cooling and ventilation
since 2004unit no. 2.138.688.563
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
34023A0421/00S000 Flanders 2,416 m² 1 · 1,143 m² 6.2 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.