TechIT.be
ActiveSummary
TechIT.be has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €742,892 and a net result of €227,778. Equity is growing by ~35.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+2
Solvency60▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.96 in 2023; short-term debt: 45.7% and cash: 13.5% of total assets), and 64.7% 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
1 d late
2022
41 d early
2021
37 d late
2020
51 d early
2019
11 d early
← 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 14 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#4 company by total assets in Grez-Doiceau, Construction sector#6 company by equity in Grez-Doiceau, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€227,778▲ 78.1%
2023 · €127,909
Working capital
€9,515
2023 · -€24,732
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€145,992▼ 7.2%€124,656▼ 14.6%€218,941▲ 75.6%€180,288▼ 17.7%€331,940▲ 84.1%
Net result€95,862above the sector's middle half▲ 9.4%€77,177within the sector's middle half▼ 19.5%€148,730above the sector's middle half▲ 92.7%€127,909above the sector's middle half▼ 14.0%€227,778above the sector's middle half▲ 78.1%
Equity€243,117within the sector's middle half▲ 65.1%€320,294within the sector's middle half▲ 31.7%€469,024within the sector's middle half▲ 46.4%€596,933above the sector's middle half▲ 27.3%€742,892above the sector's middle half▲ 24.5%
Total assets€869,826within the sector's middle half▲ 14.0%€958,214within the sector's middle half▲ 10.2%€1.2mwithin the sector's middle half▲ 27.9%€1.4mabove the sector's middle half▲ 17.9%€2.1mabove the sector's middle half▲ 45.7%
Debt€626,709▲ 1.7%€637,920▲ 1.8%€756,590▲ 18.6%€847,841▲ 12.1%€1.4m▲ 60.6%
Working capital-€94,363below the sector's middle half▼ 106%-€97,409below the sector's middle half▼ 3.2%-€63,526below the sector's middle half▲ 34.8%-€24,732below the sector's middle half▲ 61.1%€9,515within the sector's middle half
Solvency28.0%within the sector's middle half▲ 8.7pp33.4%within the sector's middle half▲ 5.5pp38.3%within the sector's middle half▲ 4.8pp41.3%within the sector's middle half▲ 3.0pp35.3%within the sector's middle half▼ 6.0pp
Current ratio0.75below the sector's middle half▼ 0.090.79below the sector's middle half▲ 0.030.89below the sector's middle half▲ 0.110.96below the sector's middle half▲ 0.071.01below the sector's middle half▲ 0.05
Return on assets (ROA)11.0%within the sector's middle half▼ 0.5pp8.1%within the sector's middle half▼ 3.0pp12.1%above the sector's middle half▲ 4.1pp8.9%within the sector's middle half▼ 3.3pp10.8%within the sector's middle half▲ 2.0pp
Staff (FTE)2.3below the sector's middle half▲ 130%3.3below the sector's middle half▲ 43.5%5.2within the sector's middle half▲ 57.6%6.4▲ 23.1%7.7▲ 20.3%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 84% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.0m
Fixed assets
€984,890 ▲ 46.4%
Current assets
€970,728 ▲ 56.3%
Equity and liabilities €2.1m
Equity
€742,892 ▲ 24.5%
Debt
€1.4m ▲ 60.6%
Debt's share of the balance-sheet total rises from 58.7% to 64.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€444,789▲
2023 · €248,745
Cash flow
€340,626▲
2023 · €196,366
Quick ratio
0.89▲
2023 · 0.76
Debt to equity
1.83▲
2023 · 1.42
ROE
30.7%▲
2023 · 21.4%
Interest coverage
15.88▲
2023 · 11.65
Debt ≤ 1 year
€961,213▲
2023 · €645,668
Debt > 1 year
€400,571▲
2023 · €202,173
Income taxes
€76,192▲
2023 · €44,227
Staff costs
€608,636▲
2023 · €466,354
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
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: 1.0% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €39,120 | - | - |
| Remuneration, social security and pensions62 | - | €228,801 | €343,898 | €466,354 | €608,636 | ▲ 30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,597 | €10,284 | €24,663 | €68,457 | €112,849 | ▲ 64.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €3,160 | -€3,397 | - | - | - |
| Other operating charges640/8 | - | €2,691 | €9,168 | €6,663 | €7,811 | ▲ 17.2% |
| Non-recurring operating charges66A | - | - | €11,097 | - | - | - |
| Gross operating margin9900 | €269,100 | €369,592 | €604,371 | €721,761 | €1.1m | ▲ 47.0% |
| Operating profit (loss)9901 | €145,992 | €124,656 | €218,941 | €180,288 | €331,940 | ▲ 84.1% |
| Financial income75/76B | - | €67 | €8 | €13,200 | €31 | ▼ 99.8% |
| Recurring financial income75 | €52 | €67 | €8 | €13,200 | €31 | ▼ 99.8% |
| Financial charges65/66B | - | €10,312 | €12,051 | €21,352 | €28,002 | ▲ 31.1% |
| Recurring financial charges65 | €9,716 | €10,312 | €12,051 | €21,352 | €28,002 | ▲ 31.1% |
| Profit (loss) for the period before taxes9903 | €136,328 | €114,411 | €206,898 | €172,136 | €303,969 | ▲ 76.6% |
| Income taxes67/77 | €40,466 | €37,234 | €58,168 | €44,227 | €76,192 | ▲ 72.3% |
| Profit (loss) for the period9904 | €95,862 | €77,177 | €148,730 | €127,909 | €227,778 | ▲ 78.1% |
| Profit (loss) for the period to be appropriated9905 | €95,862 | €77,177 | €148,730 | €127,909 | €227,778 | ▲ 78.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €869,826 | €958,214 | €1.2m | €1.4m | €2.1m | ▲ 45.7% |
| Formation expenses20 | - | - | - | €151,043 | €149,058 | ▼ 1.3% |
| Fixed assets21/28 | €586,253 | €602,222 | €689,512 | €672,794 | €984,890 | ▲ 46.4% |
| Tangible fixed assets22/27 | €16,848 | €25,033 | €112,921 | €96,253 | €400,510 | ▲ 316% |
| Plant, machinery and equipment23 | - | €462 | €15,128 | €9,724 | €3,834 | ▼ 60.6% |
| Furniture and vehicles24 | - | €24,571 | €97,793 | €86,529 | €396,677 | ▲ 358% |
| Financial fixed assets28 | €569,405 | €577,190 | €576,591 | €576,541 | €584,379 | ▲ 1.4% |
| Current assets29/58 | €283,573 | €355,992 | €536,102 | €620,936 | €970,728 | ▲ 56.3% |
| Stocks and contracts in progress3 | - | €43,075 | €81,032 | €130,450 | €110,605 | ▼ 15.2% |
| Stocks30/36 | - | €43,075 | €81,032 | €130,450 | €110,605 | ▼ 15.2% |
| Amounts receivable within one year40/41 | €167,899 | €231,000 | €312,346 | €373,131 | €524,094 | ▲ 40.5% |
| Trade receivables40 | - | €229,056 | €284,831 | €359,564 | €481,719 | ▲ 34.0% |
| Other amounts receivable41 | - | €1,944 | €27,515 | €13,567 | €42,375 | ▲ 212% |
| Cash at bank and in hand54/58 | €109,322 | €70,915 | €120,281 | €91,331 | €284,259 | ▲ 211% |
| Deferred charges and accrued income490/1 | - | €11,002 | €22,442 | €26,025 | €51,769 | ▲ 98.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €869,826 | €958,214 | €1.2m | €1.4m | €2.1m | ▲ 45.7% |
| Equity10/15 | €243,117 | €320,294 | €469,024 | €596,933 | €742,892 | ▲ 24.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €150,345 | €207,345 | €327,345 | €327,345 | €245,527 | ▼ 25.0% |
| 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 | - | €205,485 | €325,485 | €325,485 | €243,667 | ▼ 25.1% |
| Profit (loss) carried forward14 | €74,172 | €94,349 | €123,079 | €250,988 | €478,766 | ▲ 90.8% |
| Amounts payable17/49 | €626,709 | €637,920 | €756,590 | €847,841 | €1.4m | ▲ 60.6% |
| Amounts payable after more than one year17 | €248,773 | €184,520 | €156,962 | €202,173 | €400,571 | ▲ 98.1% |
| Financial debts170/4 | - | €184,520 | €156,962 | €202,173 | €400,571 | ▲ 98.1% |
| Amounts payable within one year42/48 | €377,936 | €453,400 | €599,629 | €645,668 | €961,213 | ▲ 48.9% |
| Current portion of amounts payable after more than one year42 | - | €64,253 | €88,885 | €161,877 | €294,942 | ▲ 82.2% |
| Trade debts44 | €223,274 | €299,834 | €418,213 | €424,891 | €506,225 | ▲ 19.1% |
| Suppliers440/4 | - | €299,834 | €418,213 | €424,891 | €506,225 | ▲ 19.1% |
| Advances received on contracts in progress46 | - | €707 | €11,527 | - | - | - |
| Taxes, remuneration and social security45 | - | €88,592 | €81,005 | €58,900 | €82,318 | ▲ 39.8% |
| Taxes450/3 | - | €36,460 | €24,965 | €3,168 | €4,091 | ▲ 29.1% |
| Remuneration and social security454/9 | - | €52,133 | €56,039 | €55,732 | €78,227 | ▲ 40.4% |
| Other amounts payable47/48 | - | €13 | - | - | €77,727 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,862 | €77,177 | €148,730 | €127,909 | €227,778 | ▲ 78.1% |
| + Depreciation and write-downs630 | €9,597 | €10,284 | €24,663 | €68,457 | €112,849 | ▲ 64.8% |
| Operating cash flow (approximation) | €105,459 | €87,461 | €173,393 | €196,366 | €340,626 | ▲ 73.5% |
| Investment in fixed assets (approximation) | - | -€26,253 | -€111,953 | -€51,739 | -€424,944 | ▼ 721% |
| Change in cash | - | -€38,407 | €49,366 | -€28,950 | €192,928 | ▲ 766% |
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
2026
22-07
State Gazette act
MiscellaneousMerger · Shareholding · Share cancellation20 facts ▸
State Gazette act
Miscellaneous
Merger · Shareholding · Share cancellation20 facts ▸
- General meeting, 08-06-2026
- Merger, opération assimilée à fusion par absorption, absorption
- Merger, opération assimilée à fusion par absorption, absorption
- Shareholding
- Shareholding
- Share cancellation, article 12:57 du Code des sociétés et des associations
- Share cancellation, article 12:57 du Code des sociétés et des associations
- Accounting effect, 01-01-2026
- Other statement, lecture et examen du projet de fusion
- Other statement, titres susceptibles de procurer des droits spéciaux
- Other statement, avantages particuliers aux membres des organes d'administration
- Other statement, compatibilité de l'objet de la société absorbante
- +8 further facts in this act
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €227,778 ▲78.1%
Operating result €331,940, net result €227,778, both a record.
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Equity above €500,000Eq €596,933 ▲27.3%
6 profitable years in a row build equity to €596,933.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 37 days late
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Equity above €200,000Eq €243,117 ▲65.1%
3 profitable years in a row build equity to €243,117.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €100,000Eq €147,255 ▲147%
2 profitable years in a row build equity to €147,255.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
11-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
02-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Grez-Doiceau · 1 establishment unit since 2015
Ground area
3,483 m²
Building footprint
2,156 m²
Volume, LiDAR
32,901 m³
Parcel 25037F0176/00S000, Wallonia · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
63
companies at this address
See who is registered here
1 establishment unit
TechIT.be
since 20152.253.419.074
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25037F0176/00S000 | Wallonia | 3,483 m² | 1 · 2,156 m² | 15.9 m · 5 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.
Articles of association
Other statement
Titre B, Pouvoirs d'exécution
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
2 transactionsTook over:PC Software
Took over:PCHD
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 5,499 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
Founded05-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
61200Telecommunications resale and intermediation services
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0849350806
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.