TECHNICAL DESIGN SYSTEM
ActiveSummary
TECHNICAL DESIGN SYSTEM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of €603,746. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 739 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-13
Solvency66▼-15
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 2.23 in 2024; short-term debt: 26.7% and cash: 21.8% of total assets), but 59% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
41%
Return on assets
14.4%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.7m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
31 d late
2024
18 d late
2023
50 d early
2022
21 d late
2021
149 d late
2020
31 d late
2019
31 d late
← 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 33 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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. Usually files around 21 August (4 of the last 5 filed years within 70 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€603,746▼ 38.8%
2024 · €986,808
Working capital
€758,504▼ 23.0%
2024 · €984,858
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€632,347▼ 220%-€329,515▲ 47.9%€442,297€1.1m▲ 143%€838,277▼ 22.0%
Net result-€692,028below the sector's middle half▼ 209%-€367,459below the sector's middle half▲ 46.9%€385,579above the sector's middle half€986,808above the sector's middle half▲ 156%€603,746above the sector's middle half▼ 38.8%
Equity-€905,232below the sector's middle half▼ 325%-€434,635below the sector's middle half▲ 52.0%€301,944within the sector's middle half€1.3mabove the sector's middle half▲ 327%€1.7mwithin the sector's middle half▲ 33.3%
Total assets€1.1mwithin the sector's middle half▼ 11.4%€844,442within the sector's middle half▼ 26.0%€1.5mwithin the sector's middle half▲ 74.8%€2.3mwithin the sector's middle half▲ 54.9%€4.2mwithin the sector's middle half▲ 83.2%
Debt€2.0m▲ 34.9%€1.3m▼ 36.9%€1.2m▼ 8.2%€950,109▼ 19.1%€2.5m▲ 160%
Working capital-€703,745below the sector's middle half▼ 124%-€491,877below the sector's middle half▲ 30.1%€393,217within the sector's middle half€984,858above the sector's middle half▲ 150%€758,504within the sector's middle half▼ 23.0%
Solvency-79.3%below the sector's middle half▼ 62.8pp-51.5%below the sector's middle half▲ 27.8pp20.5%within the sector's middle half▲ 71.9pp56.4%within the sector's middle half▲ 35.9pp41.0%within the sector's middle half▼ 15.4pp
Current ratio0.49below the sector's middle half▼ 0.200.48below the sector's middle half▼ 0.011.53within the sector's middle half▲ 1.052.23within the sector's middle half▲ 0.711.68within the sector's middle half▼ 0.55
Return on assets (ROA)-60.6%below the sector's middle half▼ 43.3pp-43.5%below the sector's middle half▲ 17.1pp26.1%above the sector's middle half▲ 69.6pp43.2%above the sector's middle half▲ 17.0pp14.4%above the sector's middle half▼ 28.7pp
Staff (FTE)13.9within the sector's middle half▼ 7.9%12.1within the sector's middle half▼ 12.9%10.3within the sector's middle half▼ 14.9%11.4within the sector's middle half▲ 10.7%11.9within the sector's middle half▲ 4.4%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.2m
Fixed assets
€2.3m ▲ 361%
Current assets
€1.9m ▲ 5.2%
Equity and liabilities €4.2m
Equity
€1.7m ▲ 33.3%
Provisions
€0 ▼ 100%
Debt
€2.5m ▲ 160%
Debt's share of the balance-sheet total rises from 41.6% to 59.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€969,533▼
2024 · €1.2m
Cash flow
€735,003▼
2024 · €1.1m
Quick ratio
1.54▼
2024 · 1.98
Debt to equity
1.44▲
2024 · 0.74
ROE
35.2%▼
2024 · 76.6%
Interest coverage
29.74▲
2024 · 21.97
Debt ≤ 1 year
€1.1m▲
2024 · €799,801
Debt > 1 year
€1.3m▲
2024 · €109,623
Income taxes
€208,873▲
2024 · €36,090
Staff costs
€607,741▲
2024 · €582,743
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 6,781 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €564,751 | €553,497 | €489,686 | €582,743 | €607,741 | ▲ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €102,865 | €82,203 | €72,164 | €116,662 | €131,256 | ▲ 12.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €97,194 | -€74,571 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €20,000 | -€20,000 | - | €47,681 | -€47,681 | ▼ 200% |
| Other operating charges640/8 | €10,751 | €9,638 | €10,833 | €13,224 | €11,953 | ▼ 9.6% |
| Non-recurring operating charges66A | €26,679 | €1,409 | €191 | €1,815 | €125 | ▼ 93.1% |
| Gross operating margin9900 | €189,893 | €222,662 | €1.0m | €1.8m | €1.5m | ▼ 16.1% |
| Operating profit (loss)9901 | -€632,347 | -€329,515 | €442,297 | €1.1m | €838,277 | ▼ 22.0% |
| Financial income75/76B | €61 | €252 | €361 | €2,653 | €6,946 | ▲ 162% |
| Recurring financial income75 | €61 | €252 | €361 | €2,653 | €6,946 | ▲ 162% |
| Financial charges65/66B | €59,605 | €38,196 | €56,897 | €54,206 | €32,604 | ▼ 39.9% |
| Recurring financial charges65 | €59,605 | €38,196 | €56,897 | €54,206 | €32,604 | ▼ 39.9% |
| Profit (loss) for the period before taxes9903 | -€691,891 | -€367,459 | €385,761 | €1.0m | €812,619 | ▼ 20.6% |
| Income taxes67/77 | €137 | - | €182 | €36,090 | €208,873 | ▲ 479% |
| Profit (loss) for the period9904 | -€692,028 | -€367,459 | €385,579 | €986,808 | €603,746 | ▼ 38.8% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €134,720 | - |
| Profit (loss) for the period to be appropriated9905 | -€692,028 | -€367,459 | €385,579 | €986,808 | €469,026 | ▼ 52.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €844,442 | €1.5m | €2.3m | €4.2m | ▲ 83.2% |
| Formation expenses20 | €1,201 | €66 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €475,944 | €395,547 | €334,104 | €501,882 | €2.3m | ▲ 361% |
| Intangible fixed assets21 | €8,185 | €0 | €0 | €51,585 | €39,785 | ▼ 22.9% |
| Tangible fixed assets22/27 | €464,416 | €392,204 | €330,761 | €446,954 | €347,687 | ▼ 22.2% |
| Plant, machinery and equipment23 | €462,252 | €390,795 | €330,470 | €275,941 | €218,390 | ▼ 20.9% |
| Furniture and vehicles24 | €2,163 | €1,409 | €291 | €16,777 | €12,307 | ▼ 26.6% |
| Leasing and similar rights25 | - | - | - | €154,237 | €116,989 | ▼ 24.1% |
| Financial fixed assets28 | €3,343 | €3,343 | €3,343 | €3,343 | €1.9m | ▲ 57,474% |
| Current assets29/58 | €664,126 | €448,830 | €1.1m | €1.8m | €1.9m | ▲ 5.2% |
| Stocks and contracts in progress3 | €215,288 | €127,745 | €155,627 | €201,653 | €150,385 | ▼ 25.4% |
| Stocks30/36 | €163,688 | €110,041 | €102,969 | €144,365 | €138,842 | ▼ 3.8% |
| Contracts in progress37 | €51,600 | €17,704 | €52,658 | €57,287 | €11,543 | ▼ 79.9% |
| Amounts receivable within one year40/41 | €429,450 | €287,655 | €417,999 | €363,306 | €811,938 | ▲ 123% |
| Trade receivables40 | €428,779 | €283,636 | €417,912 | €324,984 | €799,552 | ▲ 146% |
| Other amounts receivable41 | €671 | €4,019 | €87 | €38,322 | €12,386 | ▼ 67.7% |
| Cash at bank and in hand54/58 | €13,162 | €29,015 | €564,005 | €1.2m | €914,671 | ▼ 24.6% |
| Deferred charges and accrued income490/1 | €6,226 | €4,414 | €4,535 | €6,330 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €844,442 | €1.5m | €2.3m | €4.2m | ▲ 83.2% |
| Equity10/15 | -€905,232 | -€434,635 | €301,944 | €1.3m | €1.7m | ▲ 33.3% |
| Contributions10/11 | €200,000 | €624,853 | €975,853 | €975,853 | €975,853 | = |
| Capital10 | €200,000 | €624,853 | €975,853 | €975,853 | €975,853 | = |
| Issued capital100 | €200,000 | €624,853 | €975,853 | €975,853 | €975,853 | = |
| Reserves13 | - | - | - | - | €134,720 | - |
| Tax-exempt reserves132 | - | - | - | - | €134,720 | - |
| Profit (loss) carried forward14 | -€1.1m | -€1.1m | -€673,909 | €312,900 | €606,926 | ▲ 94.0% |
| Provisions and deferred taxes16 | €20,000 | €0 | - | €47,681 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | €20,000 | €0 | - | €47,681 | €0 | ▼ 100% |
| Major repairs and maintenance162 | €20,000 | €0 | - | €47,681 | €0 | ▼ 100% |
| Amounts payable17/49 | €2.0m | €1.3m | €1.2m | €950,109 | €2.5m | ▲ 160% |
| Amounts payable after more than one year17 | €516,231 | €316,665 | €392,317 | €109,623 | €1.3m | ▲ 1,126% |
| Financial debts170/4 | €190,764 | €56,665 | €0 | €109,623 | €1.3m | ▲ 1,126% |
| Other amounts payable178/9 | €325,467 | €260,000 | €392,317 | €0 | €0 | - |
| Amounts payable within one year42/48 | €1.4m | €940,706 | €748,948 | €799,801 | €1.1m | ▲ 39.8% |
| Current portion of amounts payable after more than one year42 | €154,052 | €134,099 | €90,348 | €414,703 | €217,380 | ▼ 47.6% |
| Financial debts43 | €350,000 | €350,000 | €350,000 | €0 | €100,000 | - |
| Credit institutions430/8 | €350,000 | €350,000 | €350,000 | €0 | €100,000 | - |
| Trade debts44 | €472,833 | €295,429 | €201,294 | €255,368 | €221,434 | ▼ 13.3% |
| Suppliers440/4 | €472,833 | €295,429 | €201,294 | €255,368 | €221,434 | ▼ 13.3% |
| Advances received on contracts in progress46 | €45,082 | €57,598 | €20,355 | €0 | €0 | - |
| Taxes, remuneration and social security45 | €337,626 | €95,302 | €68,288 | €124,271 | €367,217 | ▲ 195% |
| Taxes450/3 | €45,560 | €7,432 | €8,516 | €43,725 | €269,145 | ▲ 516% |
| Remuneration and social security454/9 | €292,066 | €87,870 | €59,772 | €80,547 | €98,073 | ▲ 21.8% |
| Other amounts payable47/48 | €8,278 | €8,278 | €18,662 | €5,458 | €212,458 | ▲ 3,792% |
| Accrued charges and deferred income492/3 | €142,401 | €21,706 | €33,061 | €40,684 | €9,180 | ▼ 77.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€692,028 | -€367,459 | €385,579 | €986,808 | €603,746 | ▼ 38.8% |
| + Depreciation and write-downs630 | €102,865 | €82,203 | €72,164 | €116,662 | €131,256 | ▲ 12.5% |
| Operating cash flow (approximation) | -€589,163 | -€285,256 | €457,743 | €1.1m | €735,003 | ▼ 33.4% |
| Investment in fixed assets (approximation) | - | -€1,805 | -€10,721 | -€284,440 | -€1.9m | ▼ 583% |
| Change in cash | - | €15,853 | €534,989 | €649,367 | -€298,701 | ▼ 146% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 18 days late
2024
31-12
Financial
Highest result since 2018net €986,808 ▲156%
Operating result €1.1m, net result €986,808, both a record.
31-12
Financial
Equity above €1mEq €1.3m ▲327%
2 profitable years in a row build equity to €1.3m.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €385,579
Net result €385,579 after 5 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.53
Current ratio from 0.48 to 1.53; short-term debt falls from €940,706 to €748,948.
31-12
Financial
Equity above €200,000Eq €301,944
Equity rises from -€434,635 to €301,944.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 21 days late
2022
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 149 days late
2021
31-12
Financial
Weakest financial yearnet -€692,028
Net result drops to -€692,028, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
No directors read yet: 0 of 9 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2017
Ground area
4,487 m²
Building footprint
493 m²
Volume, LiDAR
2,339 m³
Parcel 62078A0529/00E000, Wallonia · tallest building 5.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Hippodrome 186, 4000 Liège
since 20172.267.882.962
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62078A0529/00E000 | Wallonia | 4,487 m² | 1 · 493 m² | 5.2 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.
Structure & network
Owners and holdings
6 owners · 1 holdingOwners 6
- Sourceaccounts SLD 202525.25%
-
25.16%
-
20%
-
19.7%
-
17.97%
-
9.62%
Holdings 1
-
100%
According to the 2025 annual accounts of TECHNICAL DESIGN SYSTEM and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPublic limited company
Founded23-08-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
31001Manufacture of furniture
33200Installation of industrial machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0679973364
Also
9925:BE0679973364
Registered
27-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.