Equity
TECHNICAL SERVICES has made a profit in every financial year since 2020.
TECHNICAL SERVICES has made a profit in every financial year since 2020.
The result rose in 2025 from €68,516 to €128,684.
Green is investment, beige is depreciation. Machinery stands 433.6% higher than in 2024.
Short-term debts fell from €227,488 to €44,172.
The 2020 accounts came latest: 26 days after the end of the period.
Higher net result than 95% of companies in specialised construction. Sector median €9,999 · 37,159 companies.
In July 2024, 26,969 companies had the same profile as TECHNICAL SERVICES has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,969 companies, not a prediction for TECHNICAL SERVICES. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| TECHNICAL SERVICES Waremme | €330,519 | €197,051 | 86.6% | - |
| STES CONSULTANT Plombières | €348,095 | €198,158 | 25.1% | - |
| LFA ENGINEERING Le Roeulx | €326,869 | €177,332 | 62.4% | 0.9 |
| Van Dijck Klima Malle | €327,689 | €221,086 | 0.2% | - |
| GIGOTEC Maldegem | €366,544 | €198,629 | 26.8% | 0.6 |
| ENERGEN Philippeville | €361,067 | €202,379 | 49.8% | - |
| ERN TECH Saint-Hubert | €316,696 | €200,356 | 59.3% | - |
These companies have the same main activity as TECHNICAL SERVICES: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €317,000 and €367,000, founded between 2019 and 2020.
TECHNICAL SERVICES files the micro format. That format states no turnover. The gross margin rose from €51,696 in 2020 to €197,051 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €610,000. Estimated: probably between €490,000 and €740,000.
Higher than 91% of 37,177 companies in 2025.
Higher than 85% of 36,472 companies in 2025.
Higher than 91% of 36,707 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
330,519 | 385,151 | 310,452 | 236,916 | 96,340 | 75,376 | |
21/28 |
106,256 | 165,640 | 177,448 | 96,593 | 30,644 | 29,448 | |
22/27 |
106,256 | 165,640 | 177,448 | 96,593 | 30,644 | 29,448 | |
22 |
- | 72,043 | 74,185 | - | - | - | |
23 |
23,734 | 4,448 | 5,451 | 14,687 | 13,943 | 5,924 | |
24 |
67,663 | 71,885 | 95,046 | 78,743 | 13,238 | 19,664 | |
26 |
14,860 | 17,264 | 2,766 | 3,163 | 3,463 | 3,860 | |
29/58 |
224,263 | 219,511 | 133,004 | 140,322 | 65,696 | 45,928 | |
40/41 |
36,798 | 37,836 | 37,120 | 48,358 | 11,926 | 8,050 | |
40 |
31,660 | 37,336 | 32,257 | 34,402 | 9,541 | 6,243 | |
41 |
5,139 | 500 | 4,863 | 13,956 | 2,385 | 1,807 | |
54/58 |
180,576 | 175,795 | 91,841 | 89,398 | 50,921 | 34,753 | |
490/1 |
6,888 | 5,880 | 4,042 | 2,567 | 2,849 | 3,124 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
330,519 | 385,151 | 310,452 | 236,916 | 96,340 | 75,376 | |
10/15 |
286,347 | 157,663 | 265,618 | 171,376 | 61,272 | 38,794 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
57,000 | 57,000 | 57,000 | 57,000 | 57,000 | 35,000 | |
133 |
57,000 | 57,000 | 57,000 | 57,000 | 57,000 | 35,000 | |
14 |
226,347 | 97,663 | 205,618 | 111,376 | 1,272 | 794 | |
17/49 |
44,172 | 227,488 | 44,834 | 65,540 | 35,068 | 36,582 | |
42/48 |
44,172 | 227,488 | 44,672 | 65,540 | 35,068 | 36,582 | |
44 |
8,749 | 19,419 | 13,418 | 26,622 | 4,848 | 807 | |
440/4 |
8,749 | 19,419 | 13,418 | 26,622 | 4,848 | 807 | |
45 |
90 | 3,745 | 3,771 | 12,466 | 7,637 | 13,991 | |
450/3 |
90 | 3,745 | 3,771 | 12,466 | 7,637 | 13,991 | |
47/48 |
35,332 | 204,324 | 27,483 | 26,452 | 22,583 | 21,784 | |
492/3 |
- | - | 162 | - | - | - | |
| Income statement | |||||||
76A |
539 | - | - | - | - | - | |
9900 |
197,051 | 121,984 | 140,997 | 146,280 | 43,442 | 51,696 | |
630 |
26,348 | 29,232 | 19,255 | 13,233 | 10,436 | 716 | |
640/8 |
274 | 735 | 4,295 | 661 | 2,885 | 1,275 | |
9901 |
170,429 | 92,017 | 117,447 | 132,387 | 30,121 | 49,705 | |
75/76B |
0 | 32 | 1 | 312 | 8 | 96 | |
75 |
0 | 32 | 1 | 312 | 8 | 96 | |
65/66B |
121 | 204 | 69 | 129 | 44 | 16 | |
65 |
121 | 204 | 69 | 129 | 44 | 16 | |
9903 |
170,309 | 91,845 | 117,379 | 132,570 | 30,085 | 49,785 | |
67/77 |
41,624 | 23,330 | 23,137 | 22,466 | 7,608 | 13,991 | |
9904 |
128,684 | 68,516 | 94,242 | 110,104 | 22,478 | 35,794 | |
9905 |
128,684 | 68,516 | 94,242 | 110,104 | 22,478 | 35,794 | |
| Appropriation of the result | |||||||
9906 |
226,347 | 274,134 | 205,618 | 111,376 | 23,272 | 35,794 | |
14P |
97,663 | 205,618 | 111,376 | 1,272 | 794 | - | |
691/2 |
- | - | - | - | 22,000 | 35,000 | |
6921 |
- | - | - | - | 22,000 | 35,000 | |
694/7 |
- | 176,471 | - | - | - | - | |
694 |
- | 176,471 | - | - | - | - | |
| Document | |||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 07-08-2026.
2025 annual accounts filed 7 days after the deadline. Filed on 7 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00387435.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-08-2026 | 2026-00387435 | |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00246306 | |
| 31-12-2023 | micro format | 20-08-2024 | 2024-00363720 | |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00362858 | |
| 31-12-2021 | micro format | 12-08-2022 | 2022-20288814 | |
| 31-12-2020 | micro format | 26-08-2021 | 2021-54200318 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 196,777 | 121,249 | 136,702 | 145,620 | 40,557 | 50,421 | ||
| 155,032 | 97,748 | 113,497 | 123,337 | 32,914 | 36,510 | ||
| 51,299 | 17,424 | 147,546 | 72,283 | 11,632 | 30,164 | ||
| 4,781 | 83,954 | 2,444 | 38,477 | 16,168 | - | ||
| 180,091 | -7,977 | 88,332 | 74,783 | 30,628 | 9,346 | ||
| 86.6% | 40.9% | 85.6% | 72.3% | 63.6% | 51.5% | ||
| 5.08 | 0.96 | 2.98 | 2.14 | 1.87 | 1.26 | ||
| 0.15 | 1.44 | 0.17 | 0.38 | 0.57 | 0.94 | ||
| 44.9% | 43.5% | 35.5% | 64.2% | 36.7% | 92.3% | ||
| 38.9% | 17.8% | 30.4% | 46.5% | 23.3% | 47.5% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €51,299 | €17,424 | €147,546 | €72,283 | €11,632 |
| €26,348 | €29,232 | €19,255 | €13,233 | €10,436 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 85% higher than in 2024 and the highest since 2020. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 59.1% to 13.4%. Equity is higher and debt is lower.
TECHNICAL SERVICES has no parent and no holdings in its annual accounts. is the only director. TECHNICAL SERVICES shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
TECHNICAL SERVICES was incorporated on 4 December 2019 as a private limited company by two natural persons, with a starting capital of €3,000.12 The registered office was moved to Waremme in 2025.3 is director of the company, appointed by deed of 06-12-2019.2 Total assets rose from €75,376 in 2020 to €330,519 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Rue de la Costale 80 registered office 4300 Waremme | ||
| Rue de la Costale 78 4300 Waremme | 04-12-2019 | 2.296.256.056 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 64074A0211/00A002 | 1,698 m² | 1 · 198 m² | 8.7 m · 2 |
| 64074A0205/00B002 | 1,361 m² | 1 · 145 m² | 7.6 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0738.740.815
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