TECHMIL
ActiveSummary
The computed 12-month bankruptcy probability of TECHMIL is 1.5% (moderate). The 2025 annual accounts show equity of €4k and a net result of €16k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 27965 sector peers (fiscal year 2025). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+48
Solvency28▲+14
Growth39=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.1%
Return on assets
13.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 10%
← 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 · 10 filingsDeviation from the deadline
2025
30 d early
2024
42 d early
2023
16 d late
2022
23 d late
2021
16 d late
2020
27 d late
2019
62 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€88k▼ 11.1%
2023 · €99k
2018: €163k
2019: €134k▼ -17.7% vs 2018
2020: €137k▲ +2.0% vs 2019
2021: €216k▲ +57.6% vs 2020highest in 7 years
2022: €104k▼ -51.9% vs 2021
2023: €99k▼ -4.5% vs 2022
2024: €88k▼ -11.1% vs 2023lowest in 7 years
2018 → 2024
EBIT margin
0.6%▼ 5.3pp
2023 · 5.9%
2018: -6.4%lowest in 7 years
2019: -3.3%▲ +48.5% vs 2018
2020: 3.2%▲ +199% vs 2019
2021: 2.9%▼ -9.3% vs 2020
2022: 7.2%▲ +144% vs 2021highest in 7 years
2023: 5.9%▼ -17.4% vs 2022
2024: 0.6%▼ -89.8% vs 2023
2018 → 2024
Net result
€16k
2024 · €-3k
2018: €-16klowest in 8 years
2019: €-10k▲ +39.9% vs 2018
2020: €-230▲ +97.6% vs 2019
2021: €1k▲ +684% vs 2020
2022: €3k▲ +97.0% vs 2021
2023: €2k▼ -7.9% vs 2022
2024: €-3k▼ -213% vs 2023
2025: €16k▲ +679% vs 2024highest in 8 years
2018 → 2025
Working capital
€-16k▲ 16.4%
2024 · €-19k
2018: €-13k
2019: €6k▲ +146% vs 2018highest in 8 years
2020: €674▼ -89.0% vs 2019
2021: €3k▲ +309% vs 2020
2022: €5k▲ +94.5% vs 2021
2023: €-2k▼ -133% vs 2022
2024: €-19k▼ -1002% vs 2023lowest in 8 years
2025: €-16k▲ +16.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€216k-€104k▼ 51.9%€99k▼ 4.5%€88k▼ 11.1%
2021: €216khighest in 4 years
2022: €104k▼ -51.9% vs 2021
2023: €99k▼ -4.5% vs 2022
2024: €88k▼ -11.1% vs 2023lowest in 4 years
Equity€-1k-€3k€5k▲ 82.0%€-12k€4k
2021: €-1k
2022: €3k▲ +316% vs 2021
2023: €5k▲ +82.0% vs 2022highest in 5 years
2024: €-12k▼ -329% vs 2023lowest in 5 years
2025: €4k▲ +129% vs 2024
Operating result€6k-€7k▲ 17.1%€6k▼ 21.2%€532▼ 90.9%€20k▲ 3,646%
2021: €6k
2022: €7k▲ +17.1% vs 2021
2023: €6k▼ -21.2% vs 2022
2024: €532▼ -90.9% vs 2023lowest in 5 years
2025: €20k▲ +3646% vs 2024highest in 5 years
Net result€1k-€3k▲ 97.0%€2k▼ 7.9%€-3k€16k
2021: €1k
2022: €3k▲ +97.0% vs 2021
2023: €2k▼ -7.9% vs 2022
2024: €-3k▼ -213% vs 2023lowest in 5 years
2025: €16k▲ +679% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 3,646% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €118k
Fixed assets
€98k ▼ 3.8%
Current assets
€20k ▲ 50.9%
Equity and liabilities €118k
Equity
€4k
Debt
€114k
Debt finances 96.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€26k▲
2024 · €7k
Cash flow
€22k▲
2024 · €3k
Current ratio
0.55▲
2024 · 0.40
Quick ratio
0.49▲
2024 · 0.28
Debt to equity
31.77▲
2024 · -10.27
ROE
445.0%
ROA
13.6%▲
2024 · -2.4%
Interest coverage
6.70▲
2024 · 1.91
Debt ≤ 1 year
€36k▲
2024 · €32k
Debt > 1 year
€78k▼
2024 · €95k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€115k€118k▲
Fixed assets21/28€102k€98k▼
Tangible fixed assets22/27€102k€98k▼
Land and buildings22€98k€95k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€3k€702▼
Financial fixed assets28€90€90=
Current assets29/58€13k€20k▲
Stocks and contracts in progress3€4k€2k▼
Stocks30/36€4k€2k▼
Amounts receivable within one year40/41€7k€10k▲
Trade receivables40€5k€8k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€115k€118k▲
Equity10/15€-12k€4k▲
Profit (loss) carried forward14€-12k€4k▲
Amounts payable17/49€127k€114k▼
Amounts payable after more than one year17€95k€78k▼
Financial debts170/4€65k€58k▼
Other amounts payable178/9€30k€20k▼
Amounts payable within one year42/48€32k€36k▲
Current portion of amounts payable after more than one year42€6k€7k▲
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45-€6k
Remuneration and social security454/9-€6k
Other amounts payable47/48€22k€21k▼
Income statement
Code20242025
Turnover70€88k-
Goods, raw materials, services and sundry goods60/61€81k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Other operating charges640/8€846€793▼
Gross operating margin9900€7k€27k▲
Operating profit (loss)9901€532€20k▲
Financial income75/76B€176€4▼
Recurring financial income75€176€4▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€-3k€16k▲
Profit (loss) for the period9904€-3k€16k▲
Profit (loss) for the period to be appropriated9905€-3k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€4k▲
Profit (loss) brought forward from the previous period14P€-10k€-12k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €216k | €104k | €99k | €88k | - | - |
| Non-recurring operating income76A | - | - | €500 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €201k | €91k | €87k | €81k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €4k | €5k | €6k | €7k | ▲ 7.1% |
| Other operating charges640/8 | €2k | €896 | €1k | €846 | €793 | ▼ 6.3% |
| Gross operating margin9900 | €15k | €12k | €12k | €7k | €27k | ▲ 265% |
| Operating profit (loss)9901 | €6k | €7k | €6k | €532 | €20k | ▲ 3,646% |
| Financial income75/76B | €0 | €182 | €292 | €176 | €4 | ▼ 97.8% |
| Recurring financial income75 | €0 | €182 | €292 | €176 | €4 | ▼ 97.8% |
| Financial charges65/66B | €5k | €5k | €4k | €3k | €4k | ▲ 13.8% |
| Recurring financial charges65 | €5k | €5k | €4k | €3k | €4k | ▲ 13.8% |
| Profit (loss) for the period before taxes9903 | €1k | €3k | €2k | €-3k | €16k | ▲ 679% |
| Profit (loss) for the period9904 | €1k | €3k | €2k | €-3k | €16k | ▲ 679% |
| Profit (loss) for the period to be appropriated9905 | €1k | €3k | €2k | €-3k | €16k | ▲ 679% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138k | €133k | €133k | €115k | €118k | ▲ 2.4% |
| Fixed assets21/28 | €109k | €105k | €108k | €102k | €98k | ▼ 3.8% |
| Tangible fixed assets22/27 | €109k | €105k | €108k | €102k | €98k | ▼ 3.8% |
| Land and buildings22 | €109k | €105k | €102k | €98k | €95k | ▼ 3.5% |
| Plant, machinery and equipment23 | - | - | - | - | €2k | - |
| Furniture and vehicles24 | €731 | €0 | €6k | €3k | €702 | ▼ 79.2% |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | = |
| Current assets29/58 | €29k | €28k | €25k | €13k | €20k | ▲ 50.9% |
| Stocks and contracts in progress3 | €9k | €7k | €5k | €4k | €2k | ▼ 48.8% |
| Stocks30/36 | €9k | €7k | €5k | €4k | €2k | ▼ 48.8% |
| Amounts receivable within one year40/41 | €13k | €13k | €20k | €7k | €10k | ▲ 38.6% |
| Trade receivables40 | €11k | €10k | €17k | €5k | €8k | ▲ 45.7% |
| Other amounts receivable41 | €2k | €3k | €3k | €2k | €2k | ▲ 17.6% |
| Current investments50/53 | - | €8k | - | - | - | - |
| Cash at bank and in hand54/58 | €7k | - | €500 | €2k | €7k | ▲ 219% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138k | €133k | €133k | €115k | €118k | ▲ 2.4% |
| Equity10/15 | €-1k | €3k | €5k | €-12k | €4k | ▲ 129% |
| Contributions10/11 | €13k | €15k | €15k | - | - | - |
| Profit (loss) carried forward14 | €-15k | €-12k | €-10k | €-12k | €4k | ▲ 129% |
| Amounts payable17/49 | €140k | €130k | €128k | €127k | €114k | ▼ 10.3% |
| Amounts payable after more than one year17 | €113k | €107k | €101k | €95k | €78k | ▼ 17.6% |
| Financial debts170/4 | €83k | €77k | €71k | €65k | €58k | ▼ 10.3% |
| Other amounts payable178/9 | €30k | €30k | €30k | €30k | €20k | ▼ 33.3% |
| Amounts payable within one year42/48 | €26k | €22k | €27k | €32k | €36k | ▲ 10.8% |
| Current portion of amounts payable after more than one year42 | €5k | €5k | €6k | €6k | €7k | ▲ 16.9% |
| Trade debts44 | €10k | €4k | €11k | €4k | €2k | ▼ 51.7% |
| Suppliers440/4 | €10k | €4k | €11k | €4k | €2k | ▼ 51.7% |
| Taxes, remuneration and social security45 | €9k | €5k | €88 | - | €6k | - |
| Taxes450/3 | €3k | €136 | €88 | - | - | - |
| Remuneration and social security454/9 | €6k | €5k | - | - | €6k | - |
| Other amounts payable47/48 | €3k | €8k | €10k | €22k | €21k | ▼ 5.5% |
| Accrued charges and deferred income492/3 | €781 | €781 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €3k | €2k | €-3k | €16k | ▲ 679% |
| + Depreciation and write-downs630 | €6k | €4k | €5k | €6k | €7k | ▲ 7.1% |
| Operating cash flow (approximation) | €7k | €7k | €8k | €3k | €22k | ▲ 578% |
| Investment in fixed assets (approximation) | - | €0 | €-8k | €0 | €-3k | - |
| Change in cash | - | - | - | €2k | €5k | ▲ 188% |
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
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vorst · 1 establishment unit since 2009
Ground area
513 m²
Building footprint
283 m²
Volume, LiDAR
1,720 m³
Parcel 21007A0074/02B003, Brussels · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TECHMIL
since 20092.177.553.790
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0074/02B003 | Brussels | 513 m² | 1 · 283 m² | 12.6 m · 2 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.
Similar companies · same sector, comparable size
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BE 1017.835.252
Genk · Eq €3,856
PROJEKT & DESIGN
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COELHO CONSTRUCT
BE 1016.161.904
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Of 4,271 companies in sector 43230 we hold annual accounts for 1,240. 374 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
Founded03-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43230Insulation installation
43240Other construction installation
43350Other building finishing work
43910Bricklaying and masonry work
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.