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TECHNICIANS

Active
Private limited companyfounded 201610 yrs activeGruuthuselaan 49, 8020 Oostkamp, BelgiumKBO/BCE: BE 0651.572.655

TECHNICIANS has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €198k and a net result of €112k. Equity is growing by ~72.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Checked score

Score 2025
55 / 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+5
Solvency37▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.5% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.09 in 2024; short-term debt: 35.3% and cash: 4.8% of total assets), but 87.9% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
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
Sector 43
higher
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
12.1%
Return on assets
6.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 7760 sector peers (2025).
NBB · sector comparison
Position among 7760 sector peers
Solvency
better than 14%
← weakest strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
9 d early
2024
6 d early
2023
8 d early
2022
18 d early
2021
18 d early
2020
on the day
2019
35 d early
← before the deadline after the deadline →
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 months
Position in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, abbreviated schema

Equity
€198k▲ 130%
2024 · €86k
2020: €3k 2021: €28k 2022: €39k 2023: €63k 2024: €86k
2020 → 2025
Total assets
€1.64M▲ 1.5%
2024 · €1.62M
2020: €2.93M 2021: €1.96M 2022: €1.48M 2023: €1.42M 2024: €1.62M
2020 → 2025
Net result
€112k▲ 146%
2024 · €46k
2020: €-265k 2021: €25k 2022: €10k 2023: €47k 2024: €46k
2020 → 2025
Working capital
€321k▲ 443%
2024 · €59k
2020: €-519k 2021: €-940k 2022: €-362k 2023: €97k 2024: €59k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€28k-€39k▲ 36.9%€63k▲ 64.7%€86k▲ 35.7%€198k▲ 130%
Operating result€92k-€35k▼ 61.7%€88k▲ 147%€110k▲ 25.5%€200k▲ 81.8%
Net result€25k-€10k▼ 58.9%€47k▲ 351%€46k▼ 2.7%€112k▲ 146%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€50k€100k€150k€200kOperating result 2021: €92k€92kNet result 2021: €25k€25kOperating result 2022: €35k€35kNet result 2022: €10k€10kOperating result 2023: €88k€88kNet result 2023: €47k€47kOperating result 2024: €110k€110kNet result 2024: €46k€46kOperating result 2025: €200k€200kNet result 2025: €112k€112k20212022202320242025
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 82% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.64M
Fixed assets €740k▼ 19.9%
Current assets €900k▲ 30.0%
Equity and liabilities €1.64M
Equity €198k▲ 130%
Debt €1.44M▼ 5.7%
The debt ratio falls from 94.7% to 87.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€326k
2024 · €281k
Cash flow
€238k
2024 · €217k
Solvency
12.1%
2024 · 5.3%
Current ratio
1.55
2024 · 1.09
Quick ratio
1.49
2024 · 1.05
Debt / equity
7.29
2024 · 17.79
ROE
56.5%
2024 · 53.0%
ROA
6.8%
2024 · 2.8%
Interest coverage
8.63
2024 · 8.35
Debt
€1.44M
2024 · €1.53M
Debt ≤ 1 year
€579k
2024 · €633k
Debt > 1 year
€847k
2024 · €635k
Income taxes
€56k
2024 · €32k
Staff costs
€687k
2024 · €650k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet Code20242025
Assets
Total assets20/58€1.62M€1.64M
Fixed assets21/28€924k€740k
Intangible fixed assets21€0-
Tangible fixed assets22/27€910k€727k
Land and buildings22€401k€384k
Plant, machinery and equipment23€158k€142k
Furniture and vehicles24€177k€31k
Other tangible fixed assets26€174k€169k
Financial fixed assets28€14k€14k=
Current assets29/58€692k€900k
Amounts receivable after more than one year29-€210k
Other amounts receivable291-€210k
Stocks and contracts in progress3€26k€34k
Stocks30/36€26k€34k
Amounts receivable within one year40/41€596k€527k
Trade receivables40€545k€511k
Other amounts receivable41€51k€16k
Cash at bank and in hand54/58€19k€79k
Deferred charges and accrued income490/1€51k€49k
Equity and liabilities
Total equity and liabilities10/49€1.62M€1.64M
Equity10/15€86k€198k
Contributions10/11€15k€15k=
Reserves13€2k€182k
Distributable reserves133€2k€182k
Profit (loss) carried forward14€69k€0
Amounts payable17/49€1.53M€1.44M
Amounts payable after more than one year17€635k€847k
Financial debts170/4€306k€271k
Other amounts payable178/9€329k€575k
Amounts payable within one year42/48€633k€579k
Current portion of amounts payable after more than one year42€37k€34k
Financial debts43€210k€224k
Credit institutions430/8€173k€224k
Other loans439€37k€0
Trade debts44€261k€240k
Suppliers440/4€261k€240k
Taxes, remuneration and social security45€102k€81k
Taxes450/3€27k€16k
Remuneration and social security454/9€75k€65k
Other amounts payable47/48€23k€0
Accrued charges and deferred income492/3€262k€17k
Income statement Code20242025
Non-recurring operating income76A€45k€126k
Remuneration, social security and pensions62€650k€687k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€171k€126k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€712€0
Other operating charges640/8€31k€30k
Non-recurring operating charges66A€3k€51k
Gross operating margin9900€966k€1.09M
Operating profit (loss)9901€110k€200k
Financial income75/76B€1k€6k
Recurring financial income75€1k€6k
Non-recurring financial income76B€37€0
Financial charges65/66B€34k€38k
Recurring financial charges65€34k€38k
Profit (loss) for the period before taxes9903€77k€167k
Income taxes67/77€32k€56k
Profit (loss) for the period9904€46k€112k
Profit (loss) for the period to be appropriated9905€46k€112k
Appropriation of the result
Profit (loss) to be appropriated9906€92k€181k
Profit (loss) brought forward from the previous period14P€46k€69k
Transfer to equity691/2-€181k
To other reserves6921-€181k
Profit to be distributed694/7€23k€0
Directors or managers695€23k€0
Social balance
Average headcount (FTE)90878.48.4=

The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
22-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Highest result since 2020net €112k ▲146%
Operating result €200k, net result €112k, both a record.
31-12
Financial Equity above €150kEq €198k ▲130%
5 profitable years in a row build equity to €198k.
25-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
13-07
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Back to profitnet €25k
Net result €25k after one loss-making year.
2020
31-10
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
26-09
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
22-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
12-10
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
9 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, Oostkamp · 3 establishment units since 2016
establishment All 3 establishment units on the map
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Gruuthuselaan 498020 Oostkamp
Ground area
5,962 m²
Building footprint
1,022 m²
Volume, LiDAR
6,752 m³
3 parcels, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
TECHNICIANS
Brusselsesteenweg 344C, 9090 Merelbeke-MelleManufacture of machinery and equipment not elsewhere classified
since 20162.251.931.214
TECHNICIANS Dendermonde
De Regenboog 11, 2800 MechelenRepair and maintenance of fabricated metal products
since 20172.268.767.939
TECHNICIANS Brugge
Gruuthuselaan 49, 8020 OostkampManufacture of machinery and equipment not elsewhere classified
since 20172.268.768.038
3 parcels
Flanders 3 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
12403E0856/00E000 Flanders 2,685 m² 1 · 528 m² 7.1 m · 2 fl.
44040D0127/00C002 Flanders 2,482 m² 1 · 355 m² 12.1 m · 3 fl.
31022I0389/00W000 Flanders 796 m² 1 · 138 m² 5.4 m · 2 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 9,516 EUR awarded · 9,246 EUR paid
Year Entries awardedpaid
2025 2 1,037 EUR1,037 EUR
2024 1 2,749 EUR3,385 EUR
2023 1 2,286 EUR1,380 EUR
2022 2 3,444 EUR3,444 EUR
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
4 entries · 5,895 EUR · 5,625 EUR paid · Fonds voor Innoveren en Ondernemen
Vlaams opleidingsverlof (VOV)
2 entries · 3,621 EUR · 3,621 EUR paid · Departement Werk en Sociale Economie

Similar companies · same sector, comparable size

Of 7,042 companies in sector 43221 we hold annual accounts for 3,471. 2,890 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded04-04-2016
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.