TECHNICAL SERVICES STEVENS
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 28-10-2026 at the NBB all 24 filings
Turnover
€533,797▼ 35.2%
2019 · €824,051
EBIT margin
15.1%▼ 1.4pp
2019 · 16.6%
Net result
€174,102▼ 1.1%
2025 · €176,001
Working capital
€511,315▲ 42.0%
2025 · €360,192
Multi-year overview
2019 to 2026, 8 financial yearsTurnover
no figure
2026
20192026
Operating result
€254,368
▼ 1.8%
2026
20192026
Net result
€174,102
▼ 1.1%
2026
20192026
EBIT margin
no figure
2026
20192026
Equity
€709,626
▲ 19.7%
2026
20192026
Total assets
€793,396
▲ 3.3%
2026
20192026
Debt
€83,770
▼ 52.2%
2026
20192026
Working capital
€511,315
▲ 42.0%
2026
20192026
Solvency
89.4%
▲ 12.2pp
2026
20192026
Current ratio
7.10
▲ 4.05
2026
20192026
Return on assets (ROA)
21.9%
▼ 1.0pp
2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Turnover€824,051-€533,797▼ 35.2%
Operating result€136,655-€80,841▼ 40.8%€36,361▼ 55.0%€158,179▲ 335%€180,430▲ 14.1%€47,437▼ 73.7%€258,946▲ 446%€254,368▼ 1.8%
Net result€91,596-€57,322▼ 37.4%€26,039within the sector's middle half▼ 54.6%€108,333within the sector's middle half▲ 316%€126,966within the sector's middle half▲ 17.2%€26,647within the sector's middle half▼ 79.0%€176,001above the sector's middle half▲ 561%€174,102▼ 1.1%
EBIT margin16.6%-15.1%▼ 1.4pp
Equity€475,946-€533,269▲ 12.0%€559,308within the sector's middle half▲ 4.9%€667,641within the sector's middle half▲ 19.4%€794,607above the sector's middle half▲ 19.0%€508,441within the sector's middle half▼ 36.0%€592,846within the sector's middle half▲ 16.6%€709,626▲ 19.7%
Total assets€591,474-€618,478▲ 4.6%€600,419within the sector's middle half▼ 2.9%€800,801within the sector's middle half▲ 33.4%€877,166within the sector's middle half▲ 9.5%€683,675within the sector's middle half▼ 22.1%€767,997within the sector's middle half▲ 12.3%€793,396▲ 3.3%
Debt€115,528-€85,209▼ 26.2%€41,110▼ 51.8%€133,159▲ 224%€82,559▼ 38.0%€175,234▲ 112%€175,151=€83,770▼ 52.2%
Working capital€461,668-€524,049▲ 13.5%€541,010above the sector's middle half▲ 3.2%€652,048above the sector's middle half▲ 20.5%€715,537above the sector's middle half▲ 9.7%€296,938within the sector's middle half▼ 58.5%€360,192within the sector's middle half▲ 21.3%€511,315▲ 42.0%
Solvency80.5%-86.2%▲ 5.8pp93.2%above the sector's middle half▲ 6.9pp83.4%above the sector's middle half▼ 9.8pp90.6%above the sector's middle half▲ 7.2pp74.4%above the sector's middle half▼ 16.2pp77.2%above the sector's middle half▲ 2.8pp89.4%▲ 12.2pp
Current ratio5.00-7.15▲ 2.1514.16above the sector's middle half▲ 7.015.90above the sector's middle half▼ 8.269.67above the sector's middle half▲ 3.772.69within the sector's middle half▼ 6.973.06within the sector's middle half▲ 0.367.10▲ 4.05
Return on assets (ROA)15.5%-9.3%▼ 6.2pp4.3%within the sector's middle half▼ 4.9pp13.5%within the sector's middle half▲ 9.2pp14.5%within the sector's middle half▲ 0.9pp3.9%within the sector's middle half▼ 10.6pp22.9%above the sector's middle half▲ 19.0pp21.9%▼ 1.0pp
Staff (FTE)0.1-
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 2% lower than in 2025.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €793,396
Fixed assets
€198,311 ▼ 14.8%
Current assets
€595,085 ▲ 11.2%
Equity and liabilities €793,396
Equity
€709,626 ▲ 19.7%
Debt
€83,770 ▼ 52.2%
Debt's share of the balance-sheet total falls from 22.8% to 10.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€309,526▲
2025 · €308,374
Cash flow
€229,260▲
2025 · €225,429
Debt to equity
0.12▼
2025 · 0.30
ROE
24.5%▼
2025 · 29.7%
Interest coverage
89.90▼
2025 · 95.48
Debt ≤ 1 year
€83,770▼
2025 · €175,151
Income taxes
€87,662▲
2025 · €80,636
Staff costs
€2,463▼
2025 · €2,829
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,658 | €72,935 | €175,444 | €109,399 | €20,815 |
| Depreciation and write-downs of the year | €9,363 | €9,458 | €43,012 | €49,428 | €55,158 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €824,051 | €533,797 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €16,109 | - | - | €11,180 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €1,300 | €2,666 | €2,426 | €2,829 | €2,463 | ▼ 12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,201 | €6,865 | €5,338 | €9,363 | €9,458 | €43,012 | €49,428 | €55,158 | ▲ 11.6% |
| Other operating charges640/8 | - | - | - | €2,283 | €270 | €359 | €349 | €2,108 | ▲ 503% |
| Non-recurring operating charges66A | - | - | - | €4,669 | - | - | - | - | - |
| Gross operating margin9900 | €151,408 | €88,708 | €93,369 | €175,793 | €192,824 | €93,234 | €311,552 | €314,097 | ▲ 0.8% |
| Operating profit (loss)9901 | €136,655 | €80,841 | €36,361 | €158,179 | €180,430 | €47,437 | €258,946 | €254,368 | ▼ 1.8% |
| Financial income75/76B | - | - | - | €60 | €0 | €1,031 | €921 | €10,840 | ▲ 12× |
| Recurring financial income75 | €675 | €686 | €643 | €60 | €0 | €1,031 | €921 | €10,840 | ▲ 12× |
| Financial charges65/66B | - | - | - | €419 | €166 | €12,532 | €3,230 | €3,443 | ▲ 6.6% |
| Recurring financial charges65 | €184 | €85 | €485 | €419 | €166 | €12,532 | €3,230 | €3,443 | ▲ 6.6% |
| Profit (loss) for the period before taxes9903 | €137,146 | €81,443 | €36,569 | €157,820 | €180,263 | €35,936 | €256,637 | €261,765 | ▲ 2.0% |
| Income taxes67/77 | €45,550 | €24,120 | €10,530 | €49,486 | €53,298 | €9,290 | €80,636 | €87,662 | ▲ 8.7% |
| Profit (loss) for the period9904 | €91,596 | €57,322 | €26,039 | €108,333 | €126,966 | €26,647 | €176,001 | €174,102 | ▼ 1.1% |
| Profit (loss) for the period to be appropriated9905 | €91,596 | €57,322 | €26,039 | €108,333 | €126,966 | €26,647 | €176,001 | €174,102 | ▼ 1.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €591,474 | €618,478 | €600,419 | €800,801 | €877,166 | €683,675 | €767,997 | €793,396 | ▲ 3.3% |
| Fixed assets21/28 | €14,278 | €9,219 | €18,298 | €15,594 | €79,070 | €211,503 | €232,654 | €198,311 | ▼ 14.8% |
| Tangible fixed assets22/27 | €14,278 | €9,219 | €18,298 | €15,594 | €79,070 | €211,503 | €232,654 | €198,311 | ▼ 14.8% |
| Land and buildings22 | - | - | - | €722 | €361 | - | - | - | - |
| Plant, machinery and equipment23 | - | - | - | €4,814 | €74,047 | €211,503 | €227,327 | €176,778 | ▼ 22.2% |
| Furniture and vehicles24 | - | - | - | €10,057 | €4,662 | - | €5,328 | €21,534 | ▲ 304% |
| Current assets29/58 | €577,196 | €609,259 | €582,120 | €785,207 | €798,095 | €472,173 | €535,343 | €595,085 | ▲ 11.2% |
| Amounts receivable within one year40/41 | €18,449 | €86,370 | €61,849 | €107,185 | €76,304 | €110,058 | €21,798 | €66,380 | ▲ 205% |
| Trade receivables40 | - | - | - | €107,055 | €65,857 | €109,929 | €21,669 | €66,154 | ▲ 205% |
| Other amounts receivable41 | - | - | - | €130 | €10,447 | €130 | €130 | €226 | ▲ 74.5% |
| Current investments50/53 | €154,980 | €211,186 | €247,728 | €403,550 | €403,550 | - | - | €190,000 | - |
| Cash at bank and in hand54/58 | €395,628 | €308,320 | €271,003 | €268,530 | €308,098 | €357,429 | €506,761 | €329,582 | ▼ 35.0% |
| Deferred charges and accrued income490/1 | - | - | - | €5,943 | €10,144 | €4,685 | €6,784 | €9,123 | ▲ 34.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €591,474 | €618,478 | €600,419 | €800,801 | €877,166 | €683,675 | €767,997 | €793,396 | ▲ 3.3% |
| Equity10/15 | €475,946 | €533,269 | €559,308 | €667,641 | €794,607 | €508,441 | €592,846 | €709,626 | ▲ 19.7% |
| Contributions10/11 | €7,000 | €7,000 | - | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves13 | €449,508 | €506,831 | €532,870 | €641,204 | €768,169 | €482,003 | €566,408 | €683,188 | ▲ 20.6% |
| Non-distributable reserves130/1 | - | - | - | €9,210 | €9,210 | €9,210 | €9,210 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €9,210 | €9,210 | €9,210 | €9,210 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €631,994 | €758,959 | €472,793 | €557,198 | €683,188 | ▲ 22.6% |
| Profit (loss) carried forward14 | €19,438 | €19,438 | €19,438 | €19,438 | €19,438 | €19,438 | €19,438 | €19,438 | = |
| Amounts payable17/49 | €115,528 | €85,209 | €41,110 | €133,159 | €82,559 | €175,234 | €175,151 | €83,770 | ▼ 52.2% |
| Amounts payable within one year42/48 | €115,528 | €85,209 | €41,110 | €133,159 | €82,559 | €175,234 | €175,151 | €83,770 | ▼ 52.2% |
| Trade debts44 | €63,382 | €47,995 | €21,961 | €63,078 | €61,015 | €96,759 | €18,617 | €45,324 | ▲ 143% |
| Suppliers440/4 | - | - | - | €63,078 | €61,015 | €96,759 | €18,617 | €45,324 | ▲ 143% |
| Taxes, remuneration and social security45 | - | - | - | €59,293 | €13,359 | €11,092 | €44,708 | €8,199 | ▼ 81.7% |
| Taxes450/3 | - | - | - | €59,293 | €13,359 | €11,092 | €44,708 | €8,199 | ▼ 81.7% |
| Other amounts payable47/48 | - | - | - | €10,789 | €8,185 | €67,383 | €111,826 | €30,248 | ▼ 73.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €91,596 | €57,322 | €26,039 | €108,333 | €126,966 | €26,647 | €176,001 | €174,102 | ▼ 1.1% |
| + Depreciation and write-downs630 | €8,201 | €6,865 | €5,338 | €9,363 | €9,458 | €43,012 | €49,428 | €55,158 | ▲ 11.6% |
| Operating cash flow (approximation) | €99,797 | €64,187 | €31,377 | €117,696 | €136,424 | €69,658 | €225,429 | €229,260 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | -€1,806 | -€14,417 | -€6,658 | -€72,935 | -€175,444 | -€70,579 | -€20,815 | ▲ 70.5% |
| Change in cash | - | -€87,308 | -€37,317 | -€2,474 | €39,568 | €49,331 | €149,332 | -€177,179 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as TECHNICAL SERVICES STEVENS has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of TECHNICAL SERVICES STEVENS itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,136 companies, not a prediction for TECHNICAL SERVICES STEVENS. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 28-10-2026 | 2026-00570334 | |
| 31-03-2025 | abbreviated format | 26-11-2025 | 2025-00571441 | |
| 31-03-2024 | abbreviated format | 22-10-2024 | 2024-00511970 | |
| 31-03-2023 | abbreviated format | 30-10-2023 | 2023-00496957 | |
| 31-03-2022 | abbreviated format | 07-10-2022 | 2022-20456795 | |
| 31-03-2021 | abbreviated format | 24-11-2021 | 2021-78100568 | |
| 31-03-2020 | abbreviated format | 30-10-2020 | 2020-66300456 | |
| 31-03-2019 | abbreviated format | 27-09-2019 | 2019-66400555 | |
| 31-03-2018 | micro format | 27-09-2018 | 2018-66300302 | |
| 31-03-2017 | abbreviated format | 27-09-2017 | 2017-63100214 |