TECHNICAL SERVICES
ActiveSummary
The computed 12-month bankruptcy probability of TECHNICAL SERVICES is 1.8% (moderate). The 2025 annual accounts show equity of €286k and a net result of €129k. Equity is growing by ~49.2% per year across the filed fiscal years. Its solvency ranks better than 91% of 27965 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+9
Solvency100▲+34
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 5.08 against 0.96 in 2024; short-term debt: 13.4% and cash: 54.6% of total assets), and 13.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
86.6%
Return on assets
38.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 6 filingsDeviation from the deadline
2025
7 d late
2024
23 d early
2023
20 d late
2022
25 d late
2021
12 d late
2020
26 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
Equity
€286k▲ 81.6%
2024 · €158k
2020: €39klowest in 6 years
2021: €61k▲ +57.9% vs 2020
2022: €171k▲ +180% vs 2021
2023: €266k▲ +55.0% vs 2022
2024: €158k▼ -40.6% vs 2023
2025: €286k▲ +81.6% vs 2024highest in 6 years
2020 → 2025
Total assets
€331k▼ 14.2%
2024 · €385k
2020: €75klowest in 6 years
2021: €96k▲ +27.8% vs 2020
2022: €237k▲ +146% vs 2021
2023: €310k▲ +31.0% vs 2022
2024: €385k▲ +24.1% vs 2023highest in 6 years
2025: €331k▼ -14.2% vs 2024
2020 → 2025
Net result
€129k▲ 87.8%
2024 · €69k
2020: €36k
2021: €22k▼ -37.2% vs 2020lowest in 6 years
2022: €110k▲ +390% vs 2021
2023: €94k▼ -14.4% vs 2022
2024: €69k▼ -27.3% vs 2023
2025: €129k▲ +87.8% vs 2024highest in 6 years
2020 → 2025
Working capital
€180k
2024 · €-8k
2020: €9k
2021: €31k▲ +228% vs 2020
2022: €75k▲ +144% vs 2021
2023: €88k▲ +18.1% vs 2022
2024: €-8k▼ -109% vs 2023lowest in 6 years
2025: €180k▲ +2358% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€61k-€171k▲ 180%€266k▲ 55.0%€158k▼ 40.6%€286k▲ 81.6%
2021: €61klowest in 5 years
2022: €171k▲ +180% vs 2021
2023: €266k▲ +55.0% vs 2022
2024: €158k▼ -40.6% vs 2023
2025: €286k▲ +81.6% vs 2024highest in 5 years
Operating result€30k-€132k▲ 340%€117k▼ 11.3%€92k▼ 21.7%€170k▲ 85.2%
2021: €30klowest in 5 years
2022: €132k▲ +340% vs 2021
2023: €117k▼ -11.3% vs 2022
2024: €92k▼ -21.7% vs 2023
2025: €170k▲ +85.2% vs 2024highest in 5 years
Net result€22k-€110k▲ 390%€94k▼ 14.4%€69k▼ 27.3%€129k▲ 87.8%
2021: €22klowest in 5 years
2022: €110k▲ +390% vs 2021
2023: €94k▼ -14.4% vs 2022
2024: €69k▼ -27.3% vs 2023
2025: €129k▲ +87.8% 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 85% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €331k
Fixed assets
€106k ▼ 35.9%
Current assets
€224k ▲ 2.2%
Equity and liabilities €331k
Equity
€286k ▲ 81.6%
Debt
€44k ▼ 80.6%
Debt's share of the balance-sheet total falls from 59.1% to 13.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€197k▲
2024 · €121k
Cash flow
€155k▲
2024 · €98k
Current ratio
5.08▲
2024 · 0.96
Debt to equity
0.15▼
2024 · 1.44
ROE
44.9%▲
2024 · 43.5%
ROA
38.9%▲
2024 · 17.8%
Interest coverage
1627.33▲
2024 · 595.62
Debt ≤ 1 year
€44k▼
2024 · €227k
Income taxes
€42k▲
2024 · €23k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€385k€331k▼
Fixed assets21/28€166k€106k▼
Tangible fixed assets22/27€166k€106k▼
Land and buildings22€72k-
Plant, machinery and equipment23€4k€24k▲
Furniture and vehicles24€72k€68k▼
Other tangible fixed assets26€17k€15k▼
Current assets29/58€220k€224k▲
Amounts receivable within one year40/41€38k€37k▼
Trade receivables40€37k€32k▼
Other amounts receivable41€500€5k▲
Cash at bank and in hand54/58€176k€181k▲
Deferred charges and accrued income490/1€6k€7k▲
Equity and liabilities
Total equity and liabilities10/49€385k€331k▼
Equity10/15€158k€286k▲
Contributions10/11€3k€3k=
Reserves13€57k€57k=
Distributable reserves133€57k€57k=
Profit (loss) carried forward14€98k€226k▲
Amounts payable17/49€227k€44k▼
Amounts payable within one year42/48€227k€44k▼
Trade debts44€19k€9k▼
Suppliers440/4€19k€9k▼
Taxes, remuneration and social security45€4k€90▼
Taxes450/3€4k€90▼
Other amounts payable47/48€204k€35k▼
Income statement
Code20242025
Non-recurring operating income76A-€539
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€26k▼
Other operating charges640/8€735€274▼
Gross operating margin9900€122k€197k▲
Operating profit (loss)9901€92k€170k▲
Financial income75/76B€32€0▼
Recurring financial income75€32€0▼
Financial charges65/66B€204€121▼
Recurring financial charges65€204€121▼
Profit (loss) for the period before taxes9903€92k€170k▲
Income taxes67/77€23k€42k▲
Profit (loss) for the period9904€69k€129k▲
Profit (loss) for the period to be appropriated9905€69k€129k▲
Appropriation of the result
Profit (loss) to be appropriated9906€274k€226k▼
Profit (loss) brought forward from the previous period14P€206k€98k▼
Profit to be distributed694/7€176k-
Return on contributions (dividend)694€176k-
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €539 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €13k | €19k | €29k | €26k | ▼ 9.9% |
| Other operating charges640/8 | €3k | €661 | €4k | €735 | €274 | ▼ 62.7% |
| Gross operating margin9900 | €43k | €146k | €141k | €122k | €197k | ▲ 61.5% |
| Operating profit (loss)9901 | €30k | €132k | €117k | €92k | €170k | ▲ 85.2% |
| Financial income75/76B | €8 | €312 | €1 | €32 | €0 | ▼ 98.6% |
| Recurring financial income75 | €8 | €312 | €1 | €32 | €0 | ▼ 98.6% |
| Financial charges65/66B | €44 | €129 | €69 | €204 | €121 | ▼ 40.6% |
| Recurring financial charges65 | €44 | €129 | €69 | €204 | €121 | ▼ 40.6% |
| Profit (loss) for the period before taxes9903 | €30k | €133k | €117k | €92k | €170k | ▲ 85.4% |
| Income taxes67/77 | €8k | €22k | €23k | €23k | €42k | ▲ 78.4% |
| Profit (loss) for the period9904 | €22k | €110k | €94k | €69k | €129k | ▲ 87.8% |
| Profit (loss) for the period to be appropriated9905 | €22k | €110k | €94k | €69k | €129k | ▲ 87.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €96k | €237k | €310k | €385k | €331k | ▼ 14.2% |
| Fixed assets21/28 | €31k | €97k | €177k | €166k | €106k | ▼ 35.9% |
| Tangible fixed assets22/27 | €31k | €97k | €177k | €166k | €106k | ▼ 35.9% |
| Land and buildings22 | - | - | €74k | €72k | - | - |
| Plant, machinery and equipment23 | €14k | €15k | €5k | €4k | €24k | ▲ 434% |
| Furniture and vehicles24 | €13k | €79k | €95k | €72k | €68k | ▼ 5.9% |
| Other tangible fixed assets26 | €3k | €3k | €3k | €17k | €15k | ▼ 13.9% |
| Current assets29/58 | €66k | €140k | €133k | €220k | €224k | ▲ 2.2% |
| Amounts receivable within one year40/41 | €12k | €48k | €37k | €38k | €37k | ▼ 2.7% |
| Trade receivables40 | €10k | €34k | €32k | €37k | €32k | ▼ 15.2% |
| Other amounts receivable41 | €2k | €14k | €5k | €500 | €5k | ▲ 928% |
| Cash at bank and in hand54/58 | €51k | €89k | €92k | €176k | €181k | ▲ 2.7% |
| Deferred charges and accrued income490/1 | €3k | €3k | €4k | €6k | €7k | ▲ 17.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €96k | €237k | €310k | €385k | €331k | ▼ 14.2% |
| Equity10/15 | €61k | €171k | €266k | €158k | €286k | ▲ 81.6% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €57k | €57k | €57k | €57k | €57k | = |
| Distributable reserves133 | €57k | €57k | €57k | €57k | €57k | = |
| Profit (loss) carried forward14 | €1k | €111k | €206k | €98k | €226k | ▲ 132% |
| Amounts payable17/49 | €35k | €66k | €45k | €227k | €44k | ▼ 80.6% |
| Amounts payable within one year42/48 | €35k | €66k | €45k | €227k | €44k | ▼ 80.6% |
| Trade debts44 | €5k | €27k | €13k | €19k | €9k | ▼ 54.9% |
| Suppliers440/4 | €5k | €27k | €13k | €19k | €9k | ▼ 54.9% |
| Taxes, remuneration and social security45 | €8k | €12k | €4k | €4k | €90 | ▼ 97.6% |
| Taxes450/3 | €8k | €12k | €4k | €4k | €90 | ▼ 97.6% |
| Other amounts payable47/48 | €23k | €26k | €27k | €204k | €35k | ▼ 82.7% |
| Accrued charges and deferred income492/3 | - | - | €162 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €110k | €94k | €69k | €129k | ▲ 87.8% |
| + Depreciation and write-downs630 | €10k | €13k | €19k | €29k | €26k | ▼ 9.9% |
| Operating cash flow (approximation) | €33k | €123k | €113k | €98k | €155k | ▲ 58.6% |
| Investment in fixed assets (approximation) | - | €-79k | €-100k | €-17k | €33k | ▲ 290% |
| Change in cash | - | €38k | €2k | €84k | €5k | ▼ 94.3% |
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
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Highest result since 2020net €129k ▲87.8%
Operating result €170k, net result €129k, both a record.
31-12
Financial
Liquidity times 5current ratio 5.08
Current ratio from 0.96 to 5.08; short-term debt falls from €227k to €44k.
31-12
Financial
Equity above €200kEq €286k ▲81.6%
6 profitable years in a row build equity to €286k.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Equity above €200kEq €266k ▲55%
4 profitable years in a row build equity to €266k.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-12
Financial
Equity above €150kEq €171k ▲180%
3 profitable years in a row build equity to €171k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Weakest financial yearnet €22k ▼37.2%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Waremme · 1 establishment unit since 2019
Ground area
3,059 m²
Building footprint
342 m²
Volume, LiDAR
829 m³
2 parcels, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TECHNICAL SERVICES
since 20192.296.256.056
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074A0211/00A002 | Wallonia | 1,698 m² | 1 · 198 m² | - |
| 64074A0205/00B002 | Wallonia | 1,361 m² | 1 · 145 m² | 7.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,528 companies in sector 43222 we hold annual accounts for 5,663. 4,582 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
Founded04-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
Contact
E-mail
virg21@gmail.com
Scores and ratios are computed by Checked and are not a credit decision.