Financials
- Fiscal year
- 2025
- Turnover
- €11.7m
- Profit
- €566,763
- Solvency
- 37.1%
Turnover▼ 0.7%
Net result
20192025
TECHNICAL MAINTENANCE SERVICE
ActiveSummary
TECHNICAL MAINTENANCE SERVICE has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.9m and a net result of €566,763. Equity is growing by ~14.6% per year across the filed fiscal years. Its solvency ranks better than 42% of 2393 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Installation of electric heating, air conditioning, cooling and ventilation
NACE 43222NACE 45310NACE 51471
#3 oldest company in Ternat, Construction sector1 site
Size
€11.7mturnover 2025
- Staff
- 43.4 FTE
- Equity
- €1.9m
- Profit
- €566,763
Structure
- Parent
- TMS Group · 100%
Auditor: Filip Cobert BedrijfsrevisorAccounts 39 d early1 of 19 deeds read
Why 89- Sector Specialised construction activities (NACE 43)+ Size: turnover €11.7m, 43.4 FTE, total assets €5.1m+ Founded in 1970+ Profit of €566,763 (FY 2025)Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Better than 43% of its sector peers (NACE 43, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
62=
equity 37.1% of total assets
Liquidity
32-9
short-term debt 46.8% · cash 4.4%
Profitability
72-6
return on assets 11.1%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● 0.0% vs 11-2024
01-2025: 0.2%● 0.0% vs 12-2024
02-2025: 0.2%▼ -4.0% vs 01-2025
03-2025: 0.2%● 0.0% vs 02-2025
04-2025: 0.2%▼ -1.6% vs 03-2025
05-2025: 0.2%▲ +5.3% vs 04-2025
06-2025: 0.2%▲ +3.0% vs 05-2025
07-2025: 0.3%▲ +23.3% vs 06-2025highest value
08-2025: 0.1%▼ -71.7% vs 07-2025
09-2025: 0.1%● 0.0% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%▼ -5.6% vs 01-2026
03-2026: 0.1%● 0.0% vs 02-2026
04-2026: 0.1%▼ -1.5% vs 03-2026lowest value
05-2026: 0.1%▲ +3.0% vs 04-2026
06-2026: 0.1%▼ -1.4% vs 05-2026
07-2026: 0.2%▲ +140% vs 06-2026
08-2026: 0.2%● 0.0% vs 07-2026
09-2026: 0.2%● 0.0% vs 08-2026
10-2026: 0.2%● 0.0% vs 09-2026
- Size: turnover €11.7m, 43.4 FTE, total assets €5.1m lowers the probability for this profile
- Sector Specialised construction activities (NACE 43) raises the probability
- Founded in 1970 lowers the probability for this profile
- Profit of €566,763 (FY 2025) lowers the probability
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.71 in 2024; short-term debt: 46.8% and cash: 4.4% of total assets), but 62.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, small). Better than this share of them on solvency 49%, liquidity 27%, profitability 49%, growth against the median 46%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
20 d early
2023
9 d early
2022
35 d early
2021
38 d early
2020
9 d early
2019
27 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 18 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 (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 26 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
- Reappointment: Filip Cobert BV (statutory auditor)Permanent representative: Filip Cobert
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · full…
Key points
- Positive: Oldest company in Ternat, Construction sectorin the Checked rankings #3 View
- Positive: 8 profitable years in a rowprofit 2025: €566,763 8 years View
- Controlled by TMS Group 100% View
- Positive: Always filed on timeaccounts within the deadline every year 6 years View
- Active since 1970founded 27-03-1970 56 years View
By topic
Board & ownership
- Parent
- TMS Group · 100%
- Auditor
- Filip Cobert Bedrijfsrevisor
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 17-08-2026Reappointment: Filip Cobert BV (statutory auditor)
- 22-06-2026Annual accounts filed
- 11-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Installation of electric heating, air conditioning, cooling and…NACE 43222
- Founded
- 27-03-1970
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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