TECHNICHEM
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 27-07-2026 at the NBB all 40 filings
Turnover
≈ €2.6m
Estimated: probably between €1.8m and €4.3m
EBIT margin
Not included in this filing
Net result
-€12,074
2024 · €848,178
Working capital
€2.0m▲ 8.8%
2024 · €1.8m
In the rankings
#2 company by staff growth in Hainaut, Chemicals sector#4 oldest company in Farciennes
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€68,471
▼ 94.2%
2025
20182025
Net result
-€12,074
2025
lowest quarter of the sector
20182025
Equity
€2.5m
▼ 0.5%
2025
middle half of the sector
20182025
Total assets
€5.3m
▲ 0.9%
2025
middle half of the sector
20182025
Debt
€2.8m
▲ 18.4%
2025
20182025
Working capital
€2.0m
▲ 8.8%
2025
middle half of the sector
20182025
Solvency
46.9%
▼ 0.6pp
2025
middle half of the sector
20182025
Current ratio
1.89
▼ 0.04
2025
middle half of the sector
20182025
Return on assets (ROA)
-0.2%
▼ 16.4pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
18.9
▲ 9.2%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.4m--€0.8m-€0.09m▲ 87.8%€0.1m€0.07m▼ 34.4%€0.3m▲ 390%€1.2m▲ 253%€0.07m▼ 94.2%
Net result€0.3m--€0.8m-€0.1mbelow the sector's middle half▲ 81.8%€0.08mwithin the sector's middle half€0.04mwithin the sector's middle half▼ 46.2%€0.3mwithin the sector's middle half▲ 652%€0.8mwithin the sector's middle half▲ 176%-€0.01mbelow the sector's middle half
Equity€2.9m-€2.1m▼ 27.8%€2.2mwithin the sector's middle half▲ 2.1%€2.2mwithin the sector's middle half▲ 3.3%€2.3mwithin the sector's middle half▲ 1.6%€2.6mwithin the sector's middle half▲ 13.0%€2.5mwithin the sector's middle half▼ 3.0%€2.5mwithin the sector's middle half▼ 0.5%
Total assets€5.2m-€4.6m▼ 11.7%€5.0mbelow the sector's middle half▲ 7.4%€4.6mbelow the sector's middle half▼ 8.0%€4.4mbelow the sector's middle half▼ 3.1%€4.7mbelow the sector's middle half▲ 5.6%€5.3mwithin the sector's middle half▲ 12.5%€5.3mwithin the sector's middle half▲ 0.9%
Debt€2.3m-€2.5m▲ 9.4%€2.8m▲ 12.0%€2.3m▼ 16.7%€2.1m▼ 7.6%€2.1m▼ 2.0%€2.4m▲ 13.4%€2.8m▲ 18.4%
Working capital€1.9m-€1.3m▼ 30.8%€1.5mwithin the sector's middle half▲ 17.2%€1.4mwithin the sector's middle half▼ 7.5%€1.3mwithin the sector's middle half▼ 6.2%€1.4mwithin the sector's middle half▲ 2.9%€1.8mwithin the sector's middle half▲ 31.0%€2.0mwithin the sector's middle half▲ 8.8%
Solvency56.4%-46.1%▼ 10.3pp43.8%within the sector's middle half▼ 2.3pp49.2%within the sector's middle half▲ 5.3pp51.6%within the sector's middle half▲ 2.4pp55.2%within the sector's middle half▲ 3.6pp47.6%within the sector's middle half▼ 7.6pp46.9%within the sector's middle half▼ 0.6pp
Current ratio3.13-2.07▼ 1.061.93within the sector's middle half▼ 0.141.98within the sector's middle half▲ 0.051.90within the sector's middle half▼ 0.071.82within the sector's middle half▼ 0.081.94within the sector's middle half▲ 0.111.89within the sector's middle half▼ 0.04
Return on assets (ROA)6.1%--17.6%▼ 23.7pp-3.0%below the sector's middle half▲ 14.6pp1.7%within the sector's middle half▲ 4.6pp0.9%within the sector's middle half▼ 0.7pp6.6%within the sector's middle half▲ 5.7pp16.1%above the sector's middle half▲ 9.6pp-0.2%below the sector's middle half▼ 16.4pp
Staff (FTE)11-11.4▲ 3.6%8.4below the sector's middle half▼ 26.3%9.8below the sector's middle half▲ 16.7%10.9below the sector's middle half▲ 11.2%13.4below the sector's middle half▲ 22.9%17.3within the sector's middle half▲ 29.1%18.9within the sector's middle half▲ 9.2%
above
within
below
The sector band is the middle half of the companies in Manufacture of chemicals and chemical products (NACE 20). 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 2025 is 94% lower than in 2024 and the lowest since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.3m
Fixed assets
€1.1m ▼ 25.2%
Current assets
€4.2m ▲ 11.6%
Equity and liabilities €5.3m
Equity
€2.5m ▼ 0.5%
Provisions
€0 ▼ 100%
Debt
€2.8m ▲ 18.4%
Debt's share of the balance-sheet total rises from 45.2% to 53.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€267,933▼
2024 · €1.4m
Cash flow
€187,388▼
2024 · €1.1m
Quick ratio
1.67▼
2024 · 1.69
Debt to equity
1.13▲
2024 · 0.95
ROE
-0.5%▼
2024 · 33.9%
Interest coverage
3.32▼
2024 · 14.21
Debt ≤ 1 year
€2.2m▲
2024 · €1.9m
Debt > 1 year
€609,618▲
2024 · €454,535
Income taxes
€61,676▼
2024 · €290,233
Staff costs
€1.2m▲
2024 · €1.1m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 12 | 14 | 17 | 20 |
| full-time | 10 | 10 | 11 | 14 | 16 |
| part-time | 1 | 2 | 3 | 3 | 4 |
| in full-time equivalents | 10.5 | 11 | 13 | 15.6 | 18.7 |
| Average over the year, in full-time equivalents | 9.8 | 10.9 | 13.4 | 17.3 | 18.9 |
| On a permanent contract | 11 | 11 | 14 | 15 | 19 |
| Joined | 3 | 3 | 4 | 7 | 4 |
| Left | 1 | 2 | 2 | 4 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €910,418 | €942,657 | €1.0m | €686,491 | €889,730 |
| Debts guaranteed by Belgian public bodies | €200,000 | €200,000 | €200,000 | - | €200,000 |
| Mortgages, amount registered | €795,787 | €795,787 | €795,787 | €795,787 | €795,787 |
| Mortgage mandates | - | - | - | €300,000 | €300,000 |
| Carrying value of the mortgaged assets | €164,011 | €119,809 | €101,685 | €95,233 | €93,854 |
| Pledge on the business | €258,676 | €258,676 | €258,676 | €258,676 | €258,676 |
| Carrying value of the other pledged assets | €5,460 | €0 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €84,812 | €159,655 | €238,629 | €211,617 | €322,498 |
| Financial fixed assets | €119,530 | €16,297 | €15,215 | - | €0 |
| Depreciation and write-downs of the year | €232,891 | €216,305 | €213,964 | €216,558 | €199,462 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.003m | €459 | €0 | - | €0.001m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.6m | €0.7m | €0.8m | €1.1m | €1.2m | ▲ 9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.004m | €0.01m | -€0.03m | -€0.001m | €0.06m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | €0.4m | -€0.4m | - |
| Other operating charges640/8 | - | - | - | €0.04m | €0.03m | €0.04m | €0.06m | €0.03m | ▼ 41.7% |
| Non-recurring operating charges66A | - | - | - | €0.03m | €0.01m | €0.01m | €0.03m | €0.4m | ▲ 13× |
| Gross operating margin9900 | €1.7m | €0.4m | €0.8m | €1.0m | €1.0m | €1.4m | €2.9m | €1.5m | ▼ 47.6% |
| Operating profit (loss)9901 | €0.4m | -€0.8m | -€0.09m | €0.1m | €0.07m | €0.3m | €1.2m | €0.07m | ▼ 94.2% |
| Financial income75/76B | - | - | - | €0.04m | €0.03m | €0.05m | €0.05m | €0.06m | ▲ 14.7% |
| Recurring financial income75 | €0.05m | €0.02m | €0.03m | €0.04m | €0.03m | €0.05m | €0.05m | €0.06m | ▲ 14.7% |
| Financial charges65/66B | - | - | - | €0.06m | €0.06m | €0.08m | €0.1m | €0.08m | ▼ 18.2% |
| Recurring financial charges65 | €0.1m | €0.08m | €0.08m | €0.06m | €0.06m | €0.08m | €0.1m | €0.08m | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €0.4m | -€0.8m | -€0.1m | €0.08m | €0.04m | €0.3m | €1.1m | €0.05m | ▼ 95.6% |
| Transfer from deferred taxes780 | - | - | - | €499 | €499 | €0.003m | €0 | - | - |
| Income taxes67/77 | €0.08m | €0.003m | €0.003m | €0.003m | €0.002m | €0.002m | €0.3m | €0.06m | ▼ 78.7% |
| Profit (loss) for the period9904 | €0.3m | -€0.8m | -€0.1m | €0.08m | €0.04m | €0.3m | €0.8m | -€0.01m | - |
| Profit (loss) for the period to be appropriated9905 | €0.3m | -€0.6m | -€0.1m | €0.08m | €0.04m | €0.3m | €0.8m | -€0.01m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.2m | €4.6m | €5.0m | €4.6m | €4.4m | €4.7m | €5.3m | €5.3m | ▲ 0.9% |
| Fixed assets21/28 | €2.4m | €2.1m | €1.8m | €1.7m | €1.6m | €1.6m | €1.5m | €1.1m | ▼ 25.2% |
| Tangible fixed assets22/27 | €1.7m | €1.3m | €1.0m | €0.8m | €0.7m | €0.7m | €0.7m | €0.8m | ▲ 14.2% |
| Land and buildings22 | - | - | - | €0.2m | €0.1m | €0.1m | €0.1m | €0.09m | ▼ 1.4% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | ▲ 46.5% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.09m | €0.2m | €0.2m | €0.2m | ▲ 18.0% |
| Leasing and similar rights25 | - | - | - | €0.005m | €0 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | €0.4m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 33.2% |
| Financial fixed assets28 | €0.7m | €0.8m | €0.8m | €0.9m | €0.9m | €0.9m | €0.8m | €0.3m | ▼ 59.0% |
| Current assets29/58 | €2.8m | €2.5m | €3.2m | €2.9m | €2.8m | €3.0m | €3.7m | €4.2m | ▲ 11.6% |
| Stocks and contracts in progress3 | €1.8m | €1.4m | €1.0m | €0.6m | €0.7m | €0.4m | €0.5m | €0.5m | ▲ 1.4% |
| Stocks30/36 | - | - | - | €0.6m | €0.7m | €0.4m | €0.5m | €0.5m | ▲ 1.4% |
| Amounts receivable within one year40/41 | €0.6m | €0.9m | €1.1m | €1.6m | €1.6m | €2.2m | €2.3m | €2.6m | ▲ 12.7% |
| Trade receivables40 | - | - | - | €1.4m | €1.3m | €1.7m | €1.8m | €1.6m | ▼ 9.0% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.2m | €0.5m | €0.6m | €1.0m | ▲ 81.2% |
| Cash at bank and in hand54/58 | €0.4m | €0.2m | €1.0m | €0.6m | €0.6m | €0.4m | €0.9m | €1.0m | ▲ 14.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.02m | ▲ 29.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.2m | €4.6m | €5.0m | €4.6m | €4.4m | €4.7m | €5.3m | €5.3m | ▲ 0.9% |
| Equity10/15 | €2.9m | €2.1m | €2.2m | €2.2m | €2.3m | €2.6m | €2.5m | €2.5m | ▼ 0.5% |
| Contributions10/11 | €0.1m | €0.1m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €2.8m | €2.0m | €1.8m | €1.9m | €2.0m | €2.3m | €2.2m | €2.2m | ▼ 0.6% |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Legal reserve130 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves not available under the articles1311 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €1.9m | €1.9m | €2.2m | €2.1m | €2.1m | ▼ 0.6% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | €0 | €0 | - |
| Investment grants15 | - | - | - | €0.02m | €0.01m | €224 | €0 | - | - |
| Provisions and deferred taxes16 | €0.007m | €0.006m | €0.004m | €0.004m | €0.003m | €0 | €0.4m | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | €0.4m | €0 | ▼ 100% |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €0.4m | €0 | ▼ 100% |
| Deferred taxes168 | - | - | - | €0.004m | €0.003m | €0 | - | - | - |
| Amounts payable17/49 | €2.3m | €2.5m | €2.8m | €2.3m | €2.1m | €2.1m | €2.4m | €2.8m | ▲ 18.4% |
| Amounts payable after more than one year17 | €1.4m | €1.3m | €1.1m | €0.9m | €0.6m | €0.4m | €0.5m | €0.6m | ▲ 34.1% |
| Financial debts170/4 | - | - | - | €0.6m | €0.4m | €0.2m | €0.3m | €0.5m | ▲ 75.0% |
| Other amounts payable178/9 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 31.0% |
| Amounts payable within one year42/48 | €0.9m | €1.2m | €1.7m | €1.5m | €1.5m | €1.7m | €1.9m | €2.2m | ▲ 14.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 20.3% |
| Financial debts43 | - | - | - | €0.7m | €0.7m | €0.7m | €0.4m | €0.8m | ▲ 106% |
| Credit institutions430/8 | - | - | - | €0.7m | €0.7m | €0.7m | €0.4m | €0.8m | ▲ 106% |
| Trade debts44 | €0.2m | €0.2m | €0.4m | €0.4m | €0.4m | €0.6m | €0.2m | €0.8m | ▲ 239% |
| Suppliers440/4 | - | - | - | €0.4m | €0.4m | €0.6m | €0.2m | €0.8m | ▲ 239% |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.1m | €0.2m | €0.4m | €0.4m | ▼ 1.7% |
| Taxes450/3 | - | - | - | €0.04m | €0.02m | €0.04m | €0.3m | €0.3m | ▲ 1.4% |
| Remuneration and social security454/9 | - | - | - | €0.09m | €0.09m | €0.1m | €0.1m | €0.1m | ▼ 7.7% |
| Other amounts payable47/48 | - | - | - | €360 | €0 | - | €0.6m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | €0.02m | €0 | €0.002m | €0.009m | ▲ 513% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | -€0.8m | -€0.1m | €0.08m | €0.04m | €0.3m | €0.8m | -€0.01m | - |
| + Depreciation and write-downs630 | €0.4m | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 7.9% |
| Operating cash flow (approximation) | €0.8m | -€0.4m | €0.2m | €0.3m | €0.3m | €0.5m | €1.1m | €0.2m | ▼ 82.4% |
| Investment in fixed assets (approximation) | - | -€0.03m | -€0.01m | -€0.2m | -€0.1m | -€0.2m | -€0.1m | €0.2m | - |
| Change in cash | - | -€0.2m | €0.8m | -€0.4m | -€0.04m | -€0.2m | €0.5m | €0.1m | ▼ 73.7% |
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, 8,617 companies had the same profile as TECHNICHEM has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TECHNICHEM 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 8,617 companies, not a prediction for TECHNICHEM. 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 40 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 27-07-2026 | 2026-00336771 | |
| 31-12-2024 | full format | 23-07-2025 | 2025-00311488 | |
| 31-12-2023 | full format | 17-07-2024 | 2024-00253536 | |
| 31-12-2022 | full format | 05-07-2023 | 2023-00215680 | |
| 31-12-2021 | full format | 13-07-2022 | 2022-20201716 | |
| 31-12-2020 | full format | 07-07-2021 | 2021-32000573 | |
| 31-12-2019 | full format | 29-06-2020 | 2020-21900331 | |
| 31-12-2018 | full format | 25-06-2019 | 2019-25200254 | |
| 31-12-2017 | full format | 03-07-2018 | 2018-28000447 | |
| 31-12-2016 | full format | 13-07-2017 | 2017-31500123 |