Equity
-€2,156
Debts exceed assets in financial year 2025.
TECHMAS
Lifetime
20 annual accounts with figures on one time axis, 21 filings since 2005peak €108,656 (2013)
€2,529▲ €49,888
lowest -€55,553 (2006)
-€676▲ €50,751
peak €57,558 (2022)
-€2,156▼ €676
€170,535▲ 10.7%
Board1 name since 2021
1 directorEric Jacqueline Léon Ghislain VERBIST
Documentsfilings and deeds
25-08-202625 days late
2025abbreviated format
Gross margin from -€47,359 to €2,529Loss of €676Equity from -€1,480 to -€2,156Cash from €1,920 to €584
Key points
from the 2025 annual accountsLosses
-€59,714 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Turnover
≈ €17,000 estimated
The accounts state no turnover.
Debts
€170,535 101% of the balance sheet
Suppliers 19%Taxes and wages 1%Other 80%
Of this, €166,335 falls due within a year.
Filings
21 annual accounts since 2005
Ten of the last ten came late. The 2019 accounts came latest: 59 days after the end of the period.
Position in the sector
-1.3%
Lower solvency than 90% of companies in machinery and equipment. Sector median 44.8% · 478 companies.
Checked score
53
Fair
Financially stronger than 12% of micro companies in machinery and equipment (NACE 28)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 980 companies (NACE 28, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025lowest value
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▲ +0.4 percentage points vs 07-2025
09-2025: 1.5%▲ +0.3 percentage points vs 08-2025
10-2025: 2.8%▲ +1.3 percentage points vs 09-2025
11-2025: 2.8%● unchanged vs 10-2025
12-2025: 2.8%● unchanged vs 11-2025
01-2026: 2.8%● unchanged vs 12-2025
02-2026: 2.8%● unchanged vs 01-2026
03-2026: 2.8%● unchanged vs 02-2026
04-2026: 2.8%● unchanged vs 03-2026
05-2026: 2.6%▼ -0.2 percentage points vs 04-2026
06-2026: 2.6%● unchanged vs 05-2026
07-2026: 2.6%● unchanged vs 06-2026
08-2026: 3.3%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 1.3%▼ -2.0 percentage points vs 08-2026
10-2026: 1.3%● unchanged vs 09-2026
11-2026: 1.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 1.01, cash €584, halved
Negative equity -€2,156
lowers risk
Size: total assets €168,379
Founded in 2004
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 28, micro). It does better than 12% of them on solvency, 2% on liquidity, 23% on profitability and 11% on growth.
The bankruptcy probability was computed on 10-11-2026 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 low class on 30-06-2025, 0.8% 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, 2,796 companies had the same profile as TECHMAS has now. Each dot stands for 7 companies, two years later.
90.3%
were still trading
6.0%
stopped another way
2.1%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TECHMAS itself: 1.3% within 12 months.
Test of the method
The method was tested on the 497,448 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 2,796 companies, not a prediction for TECHMAS. 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 tight, with a current ratio of 1.01 (1.01 in 2024), below the usual 1.5. Short-term debt is 98.8% and cash 0.3% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 -€2,156
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
55 days late
2023
28 days late
2022
51 days late
2021
25 days late
2020
16 days late
2019
59 days late
← 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 after the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% 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 29 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Eric Jacqueline Léon Ghislain VERBIST all the sharesdeed of 17-01-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0867768631
Resignations & appointments
Director in office: Eric Verbist (manager) · General meeting of 03-06-2022 · Gazette deed
Change of role: Eric Jacqueline Léon Ghislain VERBIST, from manager to director
Eric Jacqueline Léon Ghislain VERBIST holds all the shares · General meeting of 26-12-2023 · Gazette deed
Incorporation
published on 20-10-2004 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TECHMAS Lasne | €168,379 | €2,529 | -1.3% | - |
| B-VET Kapellen | €320,851 | €1,346 | 16.3% | - |
| TECHSENS Malle | €103,359 | -€939 | 24.9% | - |
| BE-TECH Mortsel | €88,901 | -€16,705 | 70.0% | - |
| R.A.S. Robot Automated Systems Pelt | €70,614 | €5,754 | 69.9% | - |
| MAGNETS FOR EMULSIONS Oostkamp | €392,825 | -€26,974 | -64.5% | - |
| TOOLMAX Roeselare | €144,110 | €7,832 | 16.4% | - |
These companies have the same main activity as TECHMAS: manufacture of machinery and equipment not elsewhere classified (NACE 28990). They are comparable in size and age: total assets between €70,600 and €393,000, founded between 1993 and 2009.
Official details
Source: KBO- Status
- Active since 12-10-2004Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classifiedNACE 28990and 5 others
- Establishment unit
- 2.142.152.9481380 Lasne, since 12-10-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Insights on TECHMAS
TECHMAS files the abbreviated format. That format states no turnover. The gross margin rose from -€45,562 in 2006 to €2,529 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TECHMAS
- What is the company number of TECHMAS?
- The company number of TECHMAS is 0867.768.631. The VAT number is the same number with BE in front: BE 0867.768.631.
- Where is TECHMAS based?
- The registered office is at Rue du Cortil Bailly 8, 1380 Lasne.Company details
- What does TECHMAS do?
- According to the KBO register, the main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28990).
- What is the legal form of TECHMAS?
- TECHMAS is a private limited company (BV).
- When was TECHMAS founded?
- TECHMAS was founded on 12-10-2004.
- Is TECHMAS still active?
- Yes, TECHMAS is an active enterprise in the KBO register.
- What is the turnover of TECHMAS?
- The turnover in financial year 2025 is ≈ €17,000. This figure is estimated from the gross margin of €2,529 and 2,728 comparable companies of the same size. It probably lies between €7,100 and €43,000. It is a rough estimate. In financial year 2020 turnover was €98,981.Financials
- Is TECHMAS profitable?
- In financial year 2025, TECHMAS made a loss of €676.
- Where can I find the annual accounts of TECHMAS?
- TECHMAS filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TECHMAS due?
- TECHMAS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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