TECHNICAL MAINTENANCE SERVICES
ActiveSummary
TECHNICAL MAINTENANCE SERVICES has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €1.1m. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 32% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+4
Solvency51▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €150,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.27 in 2024; short-term debt: 60.6% and cash: 6.3% of total assets), and 74.1% of the assets are financed with debt.
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Signals
Five 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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% 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
25.9%
Return on assets
11%
Age of the figures
9 mo
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
23 d early
2023
33 d early
2022
31 d early
2021
16 d late
2020
24 d early
2019
20 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 11 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?Lavaux Invest · 24 companies
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#1 employer in Hainaut, Repair and installation of machinery sector#1 fastest grower in Fleurus#3 company by total assets in Hainaut, Repair and installation of machinery sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.1m▲ 30.7%
2024 · €814,245
Working capital
€1.8m▲ 10.2%
2024 · €1.6m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€976,147▼ 60.2%€1.7m▲ 73.1%€1.6m▼ 7.9%€1.2m▼ 23.7%€1.6m▲ 38.6%
Net result€724,511▼ 61.2%€1.3m▲ 78.5%€1.1m▼ 11.1%€814,245▼ 29.2%€1.1m▲ 30.7%
Equity€1.4m=€2.7m▲ 91.1%€1.4m▼ 47.3%€1.4m▲ 0.3%€2.5m▲ 74.2%
Total assets€4.3m▼ 13.7%€4.1m▼ 3.2%€4.1m▼ 0.5%€9.5m▲ 130%€9.7m▲ 1.8%
Debt€2.9m▼ 19.2%€1.4m▼ 50.0%€2.7m▲ 88.2%€8.1m▲ 199%€7.2m▼ 11.1%
Working capital€1.4m▲ 0.4%€2.6m▲ 82.8%€1.3m▼ 50.9%€1.6m▲ 26.8%€1.8m▲ 10.2%
Staff (FTE)71.3▲ 13.7%75.4▲ 5.8%73.1▼ 3.1%102.9▲ 40.8%152.2▲ 47.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.7m
Fixed assets
€2.0m ▲ 16.7%
Current assets
€7.7m ▼ 1.5%
Equity and liabilities €9.7m
Equity
€2.5m ▲ 74.2%
Debt
€7.2m ▼ 11.1%
Debt's share of the balance-sheet total falls from 84.9% to 74.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.2m▲
2024 · €1.4m
Cash flow
€1.6m▲
2024 · €1.1m
Current ratio
1.31▲
2024 · 1.27
Quick ratio
0.98▼
2024 · 1.02
Debt to equity
2.87▼
2024 · 5.62
ROE
42.6%▼
2024 · 56.7%
ROA
11.0%▲
2024 · 8.6%
Interest coverage
15.68▼
2024 · 20.35
Debt ≤ 1 year
€5.9m▼
2024 · €6.1m
Debt > 1 year
€1.1m▼
2024 · €1.3m
Income taxes
€451,112▲
2024 · €316,822
Staff costs
€9.3m▲
2024 · €6.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 373 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 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 373 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,618 | €8,450 | €457 | €7,743 | €19,897 | ▲ 157% |
| Remuneration, social security and pensions62 | €3.5m | €4.1m | €3.9m | €6.0m | €9.3m | ▲ 54.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €86,102 | €89,836 | €80,734 | €239,690 | €513,603 | ▲ 114% |
| Other operating charges640/8 | €12,084 | €9,349 | €10,009 | €40,087 | €78,816 | ▲ 96.6% |
| Non-recurring operating charges66A | €26,593 | €1,305 | - | €32,334 | €8,436 | ▼ 73.9% |
| Gross operating margin9900 | €4.6m | €5.9m | €5.6m | €7.5m | €11.6m | ▲ 53.5% |
| Operating profit (loss)9901 | €976,147 | €1.7m | €1.6m | €1.2m | €1.6m | ▲ 38.6% |
| Financial income75/76B | €693 | €9,343 | €34,022 | €12,860 | €5,763 | ▼ 55.2% |
| Recurring financial income75 | €693 | €541 | €10,949 | €12,860 | €5,763 | ▼ 55.2% |
| Non-recurring financial income76B | - | €8,802 | €23,073 | €0 | - | - |
| Financial charges65/66B | €4,586 | €5,372 | €8,021 | €70,177 | €137,797 | ▲ 96.4% |
| Recurring financial charges65 | €4,586 | €5,372 | €8,021 | €70,177 | €137,797 | ▲ 96.4% |
| Profit (loss) for the period before taxes9903 | €972,254 | €1.7m | €1.6m | €1.1m | €1.5m | ▲ 34.0% |
| Income taxes67/77 | €247,744 | €400,000 | €433,167 | €316,822 | €451,112 | ▲ 42.4% |
| Profit (loss) for the period9904 | €724,511 | €1.3m | €1.1m | €814,245 | €1.1m | ▲ 30.7% |
| Profit (loss) for the period to be appropriated9905 | €724,511 | €1.3m | €1.1m | €814,245 | €1.1m | ▲ 30.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €4.1m | €4.1m | €9.5m | €9.7m | ▲ 1.8% |
| Fixed assets21/28 | €165,212 | €191,679 | €200,549 | €1.7m | €2.0m | ▲ 16.7% |
| Tangible fixed assets22/27 | €163,712 | €191,679 | €200,549 | €1.7m | €2.0m | ▲ 16.7% |
| Plant, machinery and equipment23 | €65,087 | €43,578 | €48,709 | €752,722 | €878,465 | ▲ 16.7% |
| Furniture and vehicles24 | €96,160 | €146,035 | €148,721 | €389,655 | €532,237 | ▲ 36.6% |
| Leasing and similar rights25 | - | - | - | €227,013 | €142,376 | ▼ 37.3% |
| Other tangible fixed assets26 | €2,465 | €2,066 | €3,119 | €350,352 | €404,687 | ▲ 15.5% |
| Assets under construction and advance payments27 | - | - | - | - | €49,600 | - |
| Financial fixed assets28 | €1,500 | - | - | - | - | - |
| Current assets29/58 | €4.1m | €4.0m | €3.9m | €7.8m | €7.7m | ▼ 1.5% |
| Stocks and contracts in progress3 | €1.0m | €709,223 | €410,849 | €1.5m | €1.9m | ▲ 26.2% |
| Contracts in progress37 | €1.0m | €709,223 | €410,849 | €1.5m | €1.9m | ▲ 26.2% |
| Amounts receivable within one year40/41 | €1.8m | €2.5m | €2.6m | €5.8m | €5.1m | ▼ 12.2% |
| Trade receivables40 | €1.6m | €2.3m | €2.5m | €5.6m | €5.0m | ▼ 11.5% |
| Other amounts receivable41 | €212,620 | €245,908 | €152,105 | €214,101 | €148,740 | ▼ 30.5% |
| Current investments50/53 | €48,986 | €12,480 | €5,263 | €18,589 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €1.1m | €673,949 | €807,209 | €359,628 | €606,382 | ▲ 68.6% |
| Deferred charges and accrued income490/1 | €92,482 | €19,019 | €53,216 | €47,089 | €18,039 | ▼ 61.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €4.1m | €4.1m | €9.5m | €9.7m | ▲ 1.8% |
| Equity10/15 | €1.4m | €2.7m | €1.4m | €1.4m | €2.5m | ▲ 74.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €18,600 | €18,600 | - | - | - | - |
| Other1109/19 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | ▲ 0.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €1.4m | €1.4m | €1.4m | €1.4m | €1.4m | ▲ 0.3% |
| Profit (loss) carried forward14 | €479 | €1.3m | €11,639 | €4,245 | €1.1m | ▲ 24,974% |
| Amounts payable17/49 | €2.9m | €1.4m | €2.7m | €8.1m | €7.2m | ▼ 11.1% |
| Amounts payable after more than one year17 | €46,320 | €75,214 | €55,247 | €1.3m | €1.1m | ▼ 15.3% |
| Financial debts170/4 | €46,320 | €75,214 | €55,247 | €1.3m | €1.1m | ▼ 15.3% |
| Amounts payable within one year42/48 | €2.7m | €1.3m | €2.6m | €6.1m | €5.9m | ▼ 4.6% |
| Current portion of amounts payable after more than one year42 | €24,909 | €45,807 | €49,748 | €379,126 | €439,397 | ▲ 15.9% |
| Financial debts43 | €25,142 | €20,033 | €21,043 | €29,452 | €102,376 | ▲ 248% |
| Credit institutions430/8 | €25,142 | €20,033 | €21,043 | €29,452 | €102,376 | ▲ 248% |
| Trade debts44 | €699,267 | €927,169 | €1.0m | €2.6m | €2.7m | ▲ 4.6% |
| Suppliers440/4 | €699,267 | €927,169 | €1.0m | €2.6m | €2.7m | ▲ 4.6% |
| Taxes, remuneration and social security45 | €738,894 | €332,220 | €403,496 | €852,917 | €1.1m | ▲ 32.2% |
| Taxes450/3 | €315,005 | - | €26,540 | €80,902 | €104,635 | ▲ 29.3% |
| Remuneration and social security454/9 | €423,889 | €332,220 | €376,956 | €772,015 | €1.0m | ▲ 32.5% |
| Other amounts payable47/48 | €1.2m | €26 | €1.2m | €2.3m | €1.5m | ▼ 35.1% |
| Accrued charges and deferred income492/3 | €136,780 | €31,499 | €4,968 | €628,193 | €216,735 | ▼ 65.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €724,511 | €1.3m | €1.1m | €814,245 | €1.1m | ▲ 30.7% |
| + Depreciation and write-downs630 | €86,102 | €89,836 | €80,734 | €239,690 | €513,603 | ▲ 114% |
| Operating cash flow (approximation) | €810,613 | €1.4m | €1.2m | €1.1m | €1.6m | ▲ 49.7% |
| Investment in fixed assets (approximation) | - | -€116,303 | -€89,605 | -€1.8m | -€801,225 | ▲ 54.4% |
| Change in cash | - | -€465,219 | €133,261 | -€447,582 | €246,754 | ▲ 155% |
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
03-09
State Gazette act
Capital & sharesAuditor report · Capital increase · Capital contribution15 facts ▸
State Gazette act
Capital & shares
Auditor report · Capital increase · Capital contribution15 facts ▸
- General meeting, 31-08-2026
- General meeting, dispense le président de donner lecture des rapports visés par les articles 5:121 et 5:133 du Code des sociétés et associations, Première résolution
- Auditor report, 28-08-2026
- Capital increase, €11.197.472
- Capital contribution
- Shareholding, 31-08-2026, actions
- Shareholding, 31-08-2026, actions
- Shareholding, 31-08-2026, actions
- Shareholding, 31-08-2026, actions
- Shareholding, 31-08-2026, actions
- Declaration, aucune action nouvelle n'est émise en rémunération de cet apport
- General meeting, 11197472, EUR
- +3 further facts in this act
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
29-07
State Gazette act
Resignation: Katrien SNEPPE (director)2 facts ▸
State Gazette act
Resignation: Katrien SNEPPE (director)
2 facts ▸
- General meeting, 04-05-2026
- Director resignation, Katrien SNEPPE (director)
2025
31-12
Financial
Equity above €2mEq €2.5m ▲74.2%
8 profitable years in a row build equity to €2.5m.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €2mEq €2.7m ▲91.1%
5 profitable years in a row build equity to €2.7m.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2018net €1.9m ▲90.4%
Operating result €2.5m, net result €1.9m, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
Show earlier events
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 2 have 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
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
11 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Fleurus · 1 establishment unit since 1996
Ground area
1,000 m²
Building footprint
198 m²
Volume, LiDAR
1,088 m³
Parcel 52332B0521/00E016, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Technical Maintenance Services
since 19962.077.740.988
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0521/00E016indicative | Wallonia | 1,000 m² | 1 · 198 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Katrien SNEPPE |
|
Structure & network
Part of the group
Lavaux Invest
24 companies
Group, risk and exposure
Owners and holdings
1 owner · 2 holdingsChain of control
- Lavaux Invest
- XLG&CO
- CARO MAINTENANCE
- TECHNICAL MAINTENANCE SERVICES
Highest known parent: Lavaux Invest. The sources do not say who stands above it.
Owners 1
- CARO MAINTENANCEparent100%
Holdings 2
-
share not stated
-
share not stated
According to the annual accounts 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.
Capital and shareholders
Capital over the years
- 03-09-2026 Capital increase of 11,197,472 EUR · to 11,197,472 EUR · no new shares · in kind
Recognitions · licences · registrations
Recognised contractor
4 categoriesTECHNICAL MAINTENANCE SERVICES SRL45888
Legal Entity Identifier
875500X3PAQZIZ02ZW40
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 399 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
Founded05-08-1996
Fiscal year end31-12
Abbreviation FR
TMS
Activities, NACEBEL 2025
33110Repair and maintenance of fabricated metal products
33120Repair and maintenance of machinery
33200Installation of industrial machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0458581950
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.