Equity
-€783,348
Debts exceed assets in financial year 2025.
TECHFUND
Overview
Lifetime
15 annual accounts with figures on one time axispeak €4,932 (2024)
-€27,651▼ €32,583
lowest -€641,946 (2017)
-€314,369▼ €140,111
peak €504,154 (2011)
-€783,348▼ €314,369
€5.5m▲ 8.6%
Board3 names since 2016
1 directorSTALUSA
Owners2 names in the annual accounts
60%JPSeven and 1 other
Documentsfilings and deeds
03-06-202658 days before the deadline
2025financial year
Gross margin from €4,932 to -€27,651Loss of €314,369Equity from -€468,979 to -€783,348Cash from €41,708 to €77,399
Key points
from the 2025 annual accountsChecked score
53
Fair
Financially stronger than 19% of small companies without a NACE code
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 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).
Last 24 months
12-2024: 2.1%
01-2025: 2.3%▲ +0.2 percentage points vs 12-2024
02-2025: 2.3%● unchanged vs 01-2025
03-2025: 2.2%▼ -0.1 percentage points vs 02-2025
04-2025: 2.2%● unchanged vs 03-2025
05-2025: 2.4%▲ +0.2 percentage points vs 04-2025
06-2025: 2.7%▲ +0.3 percentage points vs 05-2025
07-2025: 2.8%▲ +0.1 percentage points vs 06-2025
08-2025: 3.4%▲ +0.6 percentage points vs 07-2025
09-2025: 3.9%▲ +0.5 percentage points vs 08-2025highest value
10-2025: 0.7%▼ -3.2 percentage points vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.8%▲ +0.1 percentage points vs 01-2026
03-2026: 0.7%▼ -0.1 percentage points vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 1.1%▲ +0.3 percentage points vs 04-2026
06-2026: 1.4%▲ +0.3 percentage points vs 05-2026
07-2026: 0.8%▼ -0.6 percentage points vs 06-2026
08-2026: 0.3%▼ -0.5 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€783,348
Loss of €314,369, the second in a row (financial year 2025)
lowers risk
Size: total assets €4.7m
Figures for financial year 2025 (filed on 03-06-2026)
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 (no NACE code, small). It does better than 3% of them on solvency, 65% on liquidity, 3% on profitability and 4% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 1,216 companies had the same profile as TECHFUND has now. Each dot stands for 4 companies, two years later.
95.6%
were still trading
2.6%
stopped another way
1.1%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TECHFUND itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,216 companies, not a prediction for TECHFUND. 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.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 29.77 (27.53 in 2024), above the usual 1.5. Short-term debt is 3.3% and cash 1.7% of total assets. However, equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€783,348
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 days early
2024
34 days late
2023
20 days late
2022
30 days late
2021
29 days late
2020
24 days late
2019
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 16 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were 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 29 August (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
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- JPSeven 60%equity -€5.9m (2025) · 2025 annual accounts of JPSeven
- STALUSA 40%equity €190.5m (2025) · 2025 annual accounts of STALUSA
Shares in 1 company, JOINEM LLC HOLDINGS
Board & ownershipRecent changes
Registered office moved to Brussels
New registered office: avenue Louise 292 à 1050 Bruxelles · Resignation: Société en Commandite Patrick Kuborn (director) · Permanent representative: Patrick Kuborn · General meeting of 26-06-2024 · Gazette deed
New sole director
STALUSA SRL appointed, Jacques Emsens resigned · Permanent representative: Jacques Emsens · General meeting of 16-10-2023 · Gazette deed
First establishment
Rue des Minières,Mortehan 55A, Bertrix
Incorporation
published on 13-01-2011 · Gazette deed
Official details
Source: KBO- Status
- Active since 05-01-2011Normal situation
- Registered office
- 16 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.328.955.7466880 Bertrix, since 01-02-2022
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- -€27,651
- €314,369▲ 80.4%
- -€783,348▼ 67.0%
- €4.7m▲ 2.6%
- Filing
- Filed on 03-06-2026, 58 days before the end of the filing period
Insights on TECHFUND
Solvency fell in 2025 from -10.3% to -16.7% because of the loss and higher long-term debts.
JPSeven holds 60% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 03-06-2026, 58 days before the deadline-€27,651
▼ €32,583
-€52,026
▼ €35,220
-€314,369
▼ €140,111
€4.5m
▲ 3.2%
-16.7%
▼ 6.5 percentage points
29.77
▲ 2.24
Turnover: not included in this filing.
Balance sheet
balance sheet total €4.7m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||
20/58 |
4.7m | 4.6m | 1.1m | 633,491 | 386,062 | 5,894 | 11,924 | 171,707 | 177,063 | 896,309 | 1.4m | 1.7m | 1.4m | 814,513 | 506,719 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | 1,472 | 2,943 | 4,415 | 5,887 | |
21/28 |
40,112 | 55,778 | 51,444 | 67,111 | - | - | - | 25,000 | 25,000 | 703,014 | 1.0m | 1.7m | 1.4m | 552,678 | 505,887 | |
22/27 |
20,112 | 35,778 | 51,444 | 67,111 | - | - | - | - | - | - | - | - | - | - | - | |
26 |
20,112 | 35,778 | 51,444 | 67,111 | - | - | - | - | - | - | - | - | - | - | - | |
28 |
20,000 | 20,000 | - | - | - | - | - | 25,000 | 25,000 | 703,014 | 1.0m | 1.7m | 1.4m | 548,263 | 500,000 | |
29/58 |
4.6m | 4.5m | 1.1m | 566,380 | 386,062 | 5,894 | 11,924 | 146,707 | 152,063 | 193,294 | 400,414 | 264 | 4,422 | 261,836 | 832 | |
3 |
4.6m | 4.4m | 1.0m | 509,487 | 272,119 | - | - | - | - | - | - | - | - | - | - | |
37 |
4.6m | 4.4m | 1.0m | 509,487 | 272,119 | - | - | - | - | - | - | - | - | - | - | |
40/41 |
12,253 | 30,304 | 24,167 | 22,416 | 65,910 | 2,989 | 2,949 | 91,634 | 148,649 | 153,366 | 388,887 | 11 | 7 | 250,008 | 55 | |
40 |
6,193 | 18,186 | - | - | 3,750 | 1,061 | 2,949 | 3,141 | - | - | - | - | - | - | - | |
41 |
6,060 | 12,119 | 24,167 | 22,416 | 62,160 | 1,928 | - | 88,493 | 148,649 | 153,366 | 388,887 | 11 | 7 | 250,008 | 55 | |
54/58 |
77,399 | 41,708 | 2,735 | 34,071 | 48,033 | 2,905 | 8,975 | 55,074 | 3,414 | 39,928 | 11,527 | 254 | 4,414 | 11,802 | 777 | |
490/1 |
2,689 | 5,377 | - | 406 | - | - | - | - | - | - | - | - | - | 25 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||
10/49 |
4.7m | 4.6m | 1.1m | 633,491 | 386,062 | 5,894 | 11,924 | 171,707 | 177,063 | 896,309 | 1.4m | 1.7m | 1.4m | 814,513 | 506,719 | |
10/15 |
-783,348 | -468,979 | -294,721 | -184,614 | -115,909 | -1.1m | -1.1m | -1.0m | -1.0m | -376,468 | 34,955 | 307,814 | 397,383 | 435,140 | 504,154 | |
10/11 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | |
10 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | - | - | - | - | - | - | - | - | - | - | |
100 |
1.5m | 1.5m | 1.5m | 1.5m | 1.5m | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | 510,000 | |
14 |
-2.3m | -2.0m | -1.8m | -1.7m | -1.7m | -1.6m | -1.6m | -1.5m | -1.5m | -886,468 | -475,045 | -202,186 | -112,617 | -74,860 | -5,847 | |
17/49 |
5.5m | 5.0m | 1.4m | 818,105 | 501,971 | 1.1m | 1.1m | 1.2m | 1.2m | 1.3m | 1.4m | 1.4m | 968,245 | 379,373 | 2,565 | |
17 |
5.2m | 4.8m | 1.0m | 681,086 | - | - | - | - | - | - | - | - | - | - | - | |
170/4 |
5.2m | 4.8m | 1.0m | 681,086 | - | - | - | - | - | - | - | - | - | - | - | |
42/48 |
156,035 | 163,888 | 384,306 | 126,840 | 500,881 | 1.1m | 1.1m | 1.2m | 1.2m | 1.3m | 1.4m | 1.4m | 966,430 | 377,558 | 1,815 | |
43 |
- | - | - | - | - | 167 | 164 | 146 | 120 | 122 | 56 | 57 | - | - | - | |
430/8 |
- | - | - | - | - | 167 | 164 | 146 | 120 | 122 | 56 | 57 | - | - | - | |
44 |
55,949 | 58,901 | 284,618 | 27,153 | 115,202 | - | 89 | 89 | 89 | 1,255 | 89 | 116 | 89 | 1,829 | 1,815 | |
440/4 |
55,949 | 58,901 | 284,618 | 27,153 | 115,202 | - | 89 | 89 | 89 | 1,255 | 89 | 116 | 89 | 1,829 | 1,815 | |
47/48 |
100,085 | 104,987 | 99,687 | 99,687 | 385,679 | 1.1m | 1.1m | 1.2m | 1.2m | 1.3m | 1.4m | 1.4m | 966,341 | 375,729 | - | |
492/3 |
130,989 | 59,576 | 17,247 | 10,179 | 1,090 | 6,941 | 6 | 5 | 4 | 3 | 1,815 | 1,815 | 1,815 | 1,815 | 750 | |
| Income statement | ||||||||||||||||
76A |
- | - | - | - | - | 314,507 | - | - | - | 1,815 | 109,732 | - | - | - | - | |
9900 |
-27,651 | 4,932 | -46,320 | -31,804 | -34,281 | -4,032 | -4,835 | -6,369 | -7,379 | -5,272 | -5,355 | -7,236 | -5,651 | -5,283 | -4,728 | |
60/61 |
- | - | - | - | - | - | - | - | - | - | - | - | 5,651 | 6,865 | - | |
630 |
15,666 | 15,666 | 15,666 | 11,221 | - | - | - | - | - | - | 1,472 | 1,472 | 1,472 | 1,472 | 1,472 | |
640/8 |
8,708 | 1,072 | 1,022 | 1,375 | 498 | 259 | 348 | 868 | 868 | 1,190 | 649 | 806 | 89 | 407 | - | |
66A |
- | 5,000 | - | - | - | 316,075 | 64,507 | - | 678,014 | 320,000 | 226,275 | - | - | 61,738 | - | |
9901 |
-52,026 | -16,806 | -63,008 | -44,400 | -34,779 | -4,291 | -5,183 | -7,237 | -8,247 | -6,462 | -7,475 | -9,514 | -7,212 | -7,162 | -6,199 | |
75/76B |
- | 43 | 428,015 | 1,394 | - | 335,740 | - | 1,960 | 44,539 | 1,448 | - | 14 | 30 | 40 | 369 | |
75 |
- | 43 | 1 | 1,394 | - | 21,233 | - | 1,960 | 44,539 | 1,448 | - | 14 | 30 | 40 | 369 | |
76B |
- | - | 428,014 | - | - | 314,507 | - | - | - | - | - | - | - | - | - | |
65/66B |
262,343 | 157,495 | 475,114 | 25,698 | 6,488 | 316,172 | 75,461 | 10,585 | 678,239 | 406,407 | 148,841 | 80,068 | 30,575 | 153 | 16 | |
65 |
262,343 | 157,495 | 47,100 | 25,698 | 6,488 | 97 | 10,953 | 10,585 | 225 | 86,407 | 148,841 | 80,068 | 30,575 | 153 | 16 | |
66B |
- | - | 428,014 | - | - | 316,075 | 64,507 | - | 678,014 | 320,000 | - | - | - | - | - | |
9903 |
-314,369 | -174,258 | -110,107 | -68,705 | -41,267 | 15,277 | -80,644 | -15,862 | -641,946 | -411,421 | -272,859 | -89,569 | -37,757 | -69,013 | -5,847 | |
67/77 |
- | - | - | - | - | - | - | - | - | 2 | - | - | - | - | - | |
9904 |
-314,369 | -174,258 | -110,107 | -68,705 | -41,267 | 15,277 | -80,644 | -15,862 | -641,946 | -411,423 | -272,859 | -89,569 | -37,757 | -69,013 | -5,847 | |
9905 |
-314,369 | -174,258 | -110,107 | -68,705 | -41,267 | 15,277 | -80,644 | -15,862 | -641,946 | -411,423 | -272,859 | -89,569 | -37,757 | -69,013 | -5,847 | |
| Appropriation of the result | ||||||||||||||||
9906 |
-2.3m | -2.0m | -1.8m | -1.7m | -1.7m | -1.6m | -1.6m | -1.5m | -1.5m | -886,468 | -475,045 | -202,186 | -112,617 | -74,860 | -5,847 | |
14P |
-2.0m | -1.8m | -1.7m | -1.7m | -1.6m | - | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 03-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 03-06-2026 | 2026-00134079 | |
| 31-12-2024 | full format | 03-09-2025 | 2025-00475612 | |
| 31-12-2023 | micro format | 20-08-2024 | 2024-00356474 | |
| 31-12-2022 | full format | 30-08-2023 | 2023-00439767 | |
| 31-12-2021 | full format | 29-08-2022 | 2022-20356688 | |
| 31-12-2020 | full format | 24-08-2021 | 2021-54600471 | |
| 31-12-2019 | full format | 31-08-2020 | 2020-50700354 | |
| 31-12-2018 | full format | 30-09-2019 | 2019-67300362 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-60500039 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-53600310 | |
| 31-12-2015 | full format | 17-08-2016 | 2016-43800497 | |
| 31-12-2014 | full format | 14-09-2015 | 2015-58600284 | |
| 31-12-2013 | full format | 30-09-2014 | 2014-63100222 | |
| 31-12-2012 | full format | 30-07-2013 | 2013-39500309 | |
| 31-12-2011 | full format | 17-07-2012 | 2012-30900471 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -36,359 | -1,140 | -47,342 | -33,179 | - | - | - | - | - | - | -6,003 | -8,043 | -5,740 | -5,690 | -4,728 | ||
| -298,703 | -158,592 | -94,441 | -57,484 | - | - | - | - | - | - | -271,388 | -88,097 | -36,285 | -67,542 | -4,375 | ||
| 0 | 20,000 | 0 | 78,332 | - | - | - | - | - | - | 139,859 | 340,082 | 810,000 | 110,001 | 500,000 | ||
| 35,690 | 38,974 | -31,336 | -13,962 | 45,129 | -6,070 | -46,099 | 51,660 | -36,514 | 28,401 | 11,274 | -4,161 | -7,388 | 11,025 | - | ||
| 4.5m | 4.3m | 688,345 | 439,540 | -114,819 | -1.1m | -1.1m | -1.1m | -1.0m | -1.1m | -993,171 | -1.4m | -962,008 | -115,722 | -983 | ||
| -16.7% | -10.3% | -26.2% | -29.1% | -30.0% | - | - | -602.3% | -575.2% | -42.0% | 2.4% | 18.1% | 29.1% | 53.4% | 99.5% | ||
| 29.77 | 27.53 | 2.79 | 4.47 | 0.77 | 0.01 | 0.01 | 0.12 | 0.13 | 0.15 | 0.29 | 0.00 | 0.00 | 0.69 | 0.46 | ||
| 0.59 | 0.47 | 0.07 | 0.45 | 0.23 | 0.01 | 0.01 | 0.12 | 0.13 | 0.15 | 0.29 | 0.00 | 0.00 | 0.69 | 0.46 | ||
| - | - | - | - | - | - | - | - | - | - | 39.92 | 4.52 | 2.44 | 0.87 | 0.01 | ||
| - | - | - | - | - | - | - | - | - | - | -780.6% | -29.1% | -9.5% | -15.9% | -1.2% | ||
| -6.7% | -3.8% | -9.8% | -10.8% | -10.7% | 259.2% | -676.3% | -9.2% | -362.6% | -45.9% | -19.1% | -5.3% | -2.8% | -8.5% | -1.2% | ||
| -0.14 | -0.01 | -1.01 | -1.29 | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | - | - | - | - | 6 days | 97 days | - |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €78,332 | - |
| Financial fixed assets | - | €20,000 | - | - | - |
| €15,666 | €15,666 | €15,666 | €11,221 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on TECHFUND
The operating result for 2025 is a loss of €52,026, larger than the loss of €16,806 in 2024.
Equity is negative. Debt (€5.5m) exceeds the balance-sheet total (€4.7m).
Board & ownership
Board
1 director, last change in 2024STALUSA BV
Sole director, permanent representative Jacques Emsens
since 01-10-2023
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 03-06-2026
Permanent representatives 1
Mandates through the years
3 names, the dashed line is todayBoardEarlier
Mandates as a list
- STALUSA
- Sole director, from 19-10-2021 to date
- PATRICK KUBORN Comm.V
- Director, from 31-05-2016 to 22-07-2024
- EMSENS Jacques
- Director, from 19-10-2021 to 08-11-2023
Control
60%
This company
TECHFUND
Equity -€783,348
Loss €314,369 in 2025
Further up the chainSTALUSA 100%
Capital
- Capital
- €1,535,000
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- JPSeven
- STALUSA
Source: lists of holdings in the owners' accounts
Shareholders
2 ownersOwners 2
- JPSevenparentEquity -€5.9m Loss of €219,695 in 2025 (loss of €365,792 in 2024)Sourceaccounts JPSeven 202560%
-
40%
Network & group
Holdings
own 2023 accountsThis companyTECHFUND1 holding, 1 country
2023 accounts
North America 1
- US JOINEM LLC HOLDINGS6.16% - result -
Source: list of holdings in its own 2023 accounts.
Part of the group STALUSA Group, risk and exposureParent
JPSeven
0897.003.441 · 60% of the shares · equity -€5.9m · loss €219,695 (2025)
At the same address
Louizalaan 292, 1050 Brussels · 15 other companies| STALUSA
registered office since 09-08-2002 · founded in 2002 |
total assets €218.7m (2025) 0477.445.282 |
| Afriwise
registered office since 16-08-2017 · founded in 2017 |
2 FTE (2025) 0679.799.160 |
| JPSeven
registered office since 02-04-2008 · founded in 2008 · negative equity (2025) · group STALUSA |
total assets €4.0m (2025) 0897.003.441 |
| StalCo
registered office since 13-09-2024 · founded in 2024 |
total assets €3.1m (2025) 1013.559.631 |
| SEVEN HOLDING
registered office since 14-06-2022 · founded in 2022 |
total assets €2.4m (2025) 0787.246.555 |
| ALPHA THAI BENELUX
registered office since 24-12-2019 · founded in 2019 |
0.6 FTE (2021) 0740.461.970 |
| Carpet Society International
establishment since 11-12-2019 · founded in 2019 · group COLOUR HOUSE INTERNATIONAL |
total assets €2.3m (2025) 0738.990.738 |
| ALPHASEED
registered office since 25-09-2019 · founded in 2019 |
3 FTE (2021) 0734.906.147 |
| Rasenberg Construct
establishment since 03-10-2018 · founded in 2018 · negative equity (2025) · group STALUSA |
total assets €1.3m (2025) 0707.700.023 |
| ALPHA THAI BRUXELLES
registered office since 06-02-2020 · founded in 2020 |
11 FTE (2021) 0743.388.105 |
Holdings and subsidiaries
1 holdingHoldings 1
Share, source and own figures per holding (1)
- JOINEM LLC HOLDINGSUSSourceown accounts 20236.16%
Holdings through the years 2011 to 2023
| Name | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOINEM LLC HOLDINGSUS | 6.16% | ||||||||||||
| VACANCESWEB | 25% | ||||||||||||
| MONDIAL TELECOM | 4.72% | ||||||||||||
| Sony Depthsensing Solutions | 1.14% | 1.27% | |||||||||||
| SOFTIMA | 0.65% | ||||||||||||
Source: list of holdings in its own accounts
Connections & network
4 connected companiesThis company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
→
ETALIAX
via STALUSA · Director (not named in the articles) · deed of 12-07-2023
Founded in 2011 · total assets €12.1m (2025)
→
→
RAHET
via STALUSA · Sole director · deed of 06-11-2023
Founded in 1996 · total assets €485,574 (2025) · group STALUSA
→
Timeline
Timeline
23 events since 2011Board
Filings
Financial
Establishments
Address
20122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed PDFfull format · 58 days before the deadline
2025
Annual accounts 2024 filed PDFfull format · 34 days late
2024
Liquidity more than 9 times current ratio 27.53 The current ratio rises from 2.79 to 27.53. Short-term debt falls from €384,306 to €163,888.
Annual accounts 2023 filed PDFmicro format · 20 days late
Registered office moved to BrusselsNew registered office: avenue Louise 292 à 1050 Bruxelles · Resignation: Société en Commandite Patrick Kuborn (director) · Permanent representative: Patrick Kuborn · General meeting of 26-06-20245 points ▸
- General meeting, 23-05-2024
- Registered-office move, avenue Louise 292 à 1050 Bruxelles
- General meeting, 26-06-2024
- Director resignation, Société en Commandite Patrick Kuborn
- Permanent representative, Patrick Kuborn
2023
New sole directorSTALUSA SRL appointed, Jacques Emsens resigned · Permanent representative: Jacques Emsens · General meeting of 16-10-20234 points ▸
- General meeting, 16-10-2023
- Director resignation, Jacques Emsens
- Director appointment, STALUSA SRL (sole director)
- Permanent representative, Jacques Emsens
Annual accounts 2022 filed PDFfull format · 30 days late
2022
Liquidity more than 5 times current ratio 4.47 The current ratio rises from 0.77 to 4.47. Short-term debt falls from €500,881 to €126,840.
Annual accounts 2021 filed PDFfull format · 29 days late
First establishment Rue des Minières,Mortehan 55A, Bertrix
2021
Annual accounts 2020 filed PDFfull format · 24 days late
2020
Back to profit net €15,277 The net result is €15,277, after 9 loss-making years.
Annual accounts 2019 filed PDFfull format · 31 days late
2019
Annual accounts 2018 filed PDFfull format · 61 days late
2018
Annual accounts 2017 filed PDFfull format · 31 days late
2017
Weakest financial year net -€641,946 The net result drops to -€641,946, the lowest from 2011 to 2025. It recovers the following year.
Annual accounts 2016 filed PDFfull format · 30 days late
2016
Annual accounts 2015 filed PDFfull format · 17 days late
2015
Annual accounts 2014 filed PDFfull format · 45 days late
2014
Annual accounts 2013 filed PDFfull format · 61 days late
2013
Annual accounts 2012 filed PDFfull format · 1 day before the deadline
2012
Annual accounts 2011 filed PDFfull format · 14 days before the deadline
2011
Incorporation PDFpublished on 13-01-2011
Financial 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
Identity
- Enterprise number
- 0832.460.037
- VAT number
- BE 0832.460.037
- Peppol ID
- 0208:0832460037
- Other Peppol ID
- 9925:BE0832460037
- Legal form
- Public limited company
- Status
- Active, normal situation
- Founded
- 05-01-2011
- Financial year
- ends on 31 December
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- TECHFUND in French
- Entity type
- Legal entity
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Louizalaan 292 registered office 1050 Ixelles | ||
| Rue des Minières,Mortehan 55A 6880 Bertrix 68122 Development of non-residential building projects | 01-02-2022 | 2.328.955.746 |
Buildings and parcels at the addresses
- Ground area
- 388 m²
- Buildings
- 193 m²
- Volume, LiDAR
- 1,991 m³
- Tallest building
- 19.3 m
Buildings to scale, each on its own parcel
Parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 84015B0292/00M000 | Wallonia | 226 m² | 1 · 91 m² | 10.2 m · 2 |
| 21807G0158/00P000 | Brussels | 161 m² | 1 · 102 m² | 19.3 m · 5 |
Contact
E-mail
patrick@jpseven.com
Phone
+32 2 771 01 61