Equity
Equity rose in 2025 from €86,043 to €197,912.
Equity rose in 2025 from €86,043 to €197,912.
The abbreviated format states no turnover.
€305,888 of the debts are secured on the company's own assets. In 2021 that was €512,787.
Between 2019 and 2025, 82% of the full-time equivalents disappeared.
The last five annual accounts were filed 6 to 18 days before the end of the period.
Lower solvency than 86% of companies in specialised construction. Sector median 44.0% · 9,950 companies.
The dashed line is the sector median: 0.7% across 47,695 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 15% of them on solvency, 29% on liquidity, 54% on profitability and 93% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 5,053 companies had the same profile as TECHNICIANS has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TECHNICIANS itself: 1.2% within 12 months.
The method was tested on the 497,447 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 5,053 companies, not a prediction for TECHNICIANS. 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.
Liquidity is ample, with a current ratio of 1.55 (1.09 in 2024), above the usual 1.5. Short-term debt is 35.3% and cash 4.8% of total assets. However, 87.9% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 13 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TECHNICIANS Oostkamp | €1.6m | €1.1m | 12.1% | 8.4 |
| DIALEAU Kortemark | €1.5m | €0.9m | 8.6% | 9.7 |
| DELSAEL Veurne | €1.9m | €1.1m | 53.2% | 10.6 |
| SANIFRO Izegem | €1.3m | €1.1m | 40.7% | 11.8 |
| VAN AUDENAERDE LUDO Oudenaarde | €1.9m | €1.0m | 78.4% | 10.6 |
| THIBAUT TIREUR Beveren-Kruibeke-Zwijndrecht | €2.2m | €1.1m | 57.6% | 8.8 |
| VEDISAN Ranst | €1.5m | €0.8m | 39.2% | 8.2 |
These companies have the same main activity as TECHNICIANS: plumbing work (NACE 43221). They are comparable in size and age: total assets between €1.3m and €2.2m, founded between 2012 and 2017.
TECHNICIANS files the abbreviated format. That format states no turnover. The gross margin rose from €283,530 in 2017 to €1.1m in 2025.
The balance sheet grew most from 2018 to 2020 through fixed assets.
Achieve More holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €3.0m. Estimated: probably between €2.5m and €3.8m.
Higher than 14% of 9,950 companies in 2025.
Higher than 44% of 9,814 companies in 2025.
Higher than 56% of 9,883 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half · Staff: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 3 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
1.6m | 1.6m | 1.4m | 1.5m | 2.0m | 2.9m | 2.5m | 2.1m | 707,522 | |
21/28 |
740,375 | 924,347 | 833,234 | 668,284 | 1.4m | 1.6m | 1.5m | 618,768 | 28,584 | |
21 |
- | 0 | 2,593 | 12,963 | 23,333 | 41,480 | - | - | - | |
22/27 |
726,502 | 910,474 | 816,211 | 640,890 | 848,500 | 1.6m | 1.5m | 611,541 | 25,494 | |
22 |
383,910 | 401,410 | 404,105 | 393,885 | 412,179 | 444,195 | 384,399 | - | - | |
23 |
142,438 | 158,083 | 215,676 | 128,011 | 85,037 | 241,844 | 214,112 | 140,041 | 16,636 | |
24 |
31,094 | 176,643 | 38,551 | 41,175 | 37,781 | 35,892 | 39,532 | 53,462 | 8,858 | |
25 |
- | - | 0 | 77,820 | 313,503 | - | 859,538 | - | - | |
26 |
169,060 | 174,338 | 157,878 | - | - | - | - | - | - | |
28 |
13,873 | 13,873 | 14,431 | 14,431 | 554,577 | 19,921 | 18,179 | 7,227 | 3,090 | |
29/58 |
899,932 | 692,057 | 588,932 | 810,507 | 533,731 | 1.3m | 1.0m | 1.5m | 678,938 | |
29 |
210,382 | - | - | - | 0 | 175,202 | 2,097 | 3,333 | - | |
291 |
210,382 | - | - | - | 0 | 175,202 | 2,097 | 3,333 | - | |
3 |
34,499 | 25,840 | 22,704 | 22,599 | 49,652 | - | - | - | - | |
30/36 |
34,499 | 25,840 | 22,704 | 22,599 | 49,652 | - | - | - | - | |
40/41 |
527,111 | 596,191 | 455,865 | 592,543 | 360,905 | 948,930 | 942,513 | 1.5m | 592,955 | |
40 |
511,175 | 544,959 | 433,509 | 591,692 | 344,970 | 885,412 | 206,399 | 1.4m | 586,053 | |
41 |
15,936 | 51,232 | 22,356 | 851 | 15,935 | 63,518 | 736,114 | 118,004 | 6,903 | |
54/58 |
78,609 | 19,202 | 46,206 | 103,889 | 24,094 | 43,430 | 63,962 | 34,135 | 84,528 | |
490/1 |
49,330 | 50,825 | 64,157 | 91,476 | 99,080 | 141,312 | 2,024 | 3,252 | 1,455 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
1.6m | 1.6m | 1.4m | 1.5m | 2.0m | 2.9m | 2.5m | 2.1m | 707,522 | |
10/15 |
197,912 | 86,043 | 63,428 | 38,517 | 28,138 | 2,911 | 267,506 | 411,466 | 187,211 | |
10/11 |
15,451 | 15,451 | 15,451 | 15,451 | 15,451 | - | - | 12,400 | 12,400 | |
10 |
- | - | - | - | - | - | 15,451 | - | - | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 3,149 | 6,200 | 6,200 | |
11 |
- | - | - | - | - | 15,451 | - | - | - | |
1100/10 |
- | - | - | - | - | 15,451 | - | - | - | |
13 |
182,461 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | 0 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | 0 | - | - | - | - | |
1319 |
- | - | - | - | - | 1,860 | - | - | - | |
133 |
182,461 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | |
14 |
0 | 68,731 | 46,117 | 21,205 | 10,827 | -14,400 | 250,195 | 397,206 | 172,951 | |
17/49 |
1.4m | 1.5m | 1.4m | 1.4m | 1.9m | 2.9m | 2.3m | 1.7m | 520,311 | |
17 |
846,514 | 635,143 | 642,300 | 258,256 | 445,469 | 1.1m | 933,160 | 342,360 | - | |
170/4 |
271,486 | 305,888 | 342,869 | 258,256 | 445,469 | 1.1m | 933,160 | 342,360 | - | |
178/9 |
575,028 | 329,256 | 299,431 | - | - | - | - | - | - | |
42/48 |
579,276 | 633,013 | 491,915 | 1.2m | 1.5m | 1.8m | 1.3m | 1.4m | 519,480 | |
42 |
34,402 | 36,981 | 56,864 | 169,442 | 338,511 | 375,679 | 320,309 | 125,539 | 34,295 | |
43 |
223,941 | 210,149 | 109,829 | 109,082 | 75,000 | 125,000 | 249,226 | 740,603 | 292,096 | |
430/8 |
223,941 | 173,388 | 109,829 | 109,082 | 75,000 | 125,000 | 249,226 | 740,603 | 192,096 | |
439 |
0 | 36,761 | - | - | - | - | - | - | 100,000 | |
44 |
240,371 | 261,293 | 177,546 | 355,086 | 138,564 | 882,803 | 402,961 | 463,619 | 189,199 | |
440/4 |
240,371 | 261,293 | 177,546 | 355,086 | 138,564 | 882,803 | 402,961 | 463,619 | 189,199 | |
46 |
- | - | - | - | 0 | 103 | - | - | - | |
45 |
80,562 | 101,640 | 125,776 | 98,326 | 36,273 | 106,532 | 332,299 | 55,477 | 3,890 | |
450/3 |
15,698 | 26,779 | 42,632 | 32,733 | 3,978 | 34,738 | 326,931 | 21,764 | 2,143 | |
454/9 |
64,864 | 74,861 | 83,143 | 65,593 | 32,295 | 71,794 | 5,368 | 33,713 | 1,747 | |
47/48 |
0 | 22,950 | 21,900 | 440,757 | 885,254 | 337,461 | - | - | - | |
492/3 |
16,605 | 262,205 | 224,523 | 9,324 | 12,932 | 5,344 | 20,895 | - | 831 | |
| Income statement | ||||||||||
76A |
125,836 | 44,779 | 96,035 | 160,153 | 15,279 | 5,555 | - | 4,086 | - | |
9900 |
1.1m | 965,676 | 973,507 | 852,358 | 1.4m | 847,020 | 915,797 | 1.2m | 283,530 | |
62 |
687,027 | 649,937 | 692,823 | 528,462 | 615,095 | 520,566 | 369,079 | 656,223 | 10,387 | |
630 |
126,463 | 171,419 | 141,544 | 200,747 | 489,341 | 502,068 | 376,053 | 192,567 | 10,408 | |
631/4 |
0 | 712 | -2,534 | 0 | 2,534 | - | - | - | - | |
640/8 |
30,248 | 30,832 | 41,577 | 41,820 | 67,827 | 36,879 | 19,007 | 15,088 | 3,069 | |
66A |
50,664 | 2,894 | 12,507 | 45,922 | 98,843 | 8,340 | 71,562 | - | - | |
9901 |
199,789 | 109,883 | 87,590 | 35,408 | 92,429 | -220,833 | 80,096 | 334,073 | 259,666 | |
75/76B |
5,504 | 1,230 | 1,060 | 5,842 | 12,652 | 9,581 | 2,280 | 56,156 | 20,388 | |
75 |
5,504 | 1,193 | 1,060 | 5,842 | 12,350 | 4,026 | 2,280 | 52,070 | 20,388 | |
76B |
0 | 37 | - | 0 | 302 | 5,555 | - | 4,086 | - | |
65/66B |
37,808 | 33,679 | 30,175 | 29,236 | 75,927 | 49,842 | 22,355 | 53,167 | 11,158 | |
65 |
37,808 | 33,679 | 30,175 | 29,236 | 75,927 | 48,568 | 22,355 | 53,167 | 11,158 | |
66B |
- | - | - | - | 0 | 1,274 | - | - | - | |
9903 |
167,485 | 77,433 | 58,475 | 12,014 | 29,154 | -261,095 | 60,021 | 337,062 | 268,896 | |
67/77 |
55,616 | 31,868 | 11,664 | 1,636 | 3,927 | 3,500 | 1,471 | 112,807 | 94,085 | |
9904 |
111,869 | 45,565 | 46,811 | 10,378 | 25,227 | -264,595 | 58,550 | 224,255 | 174,811 | |
9905 |
111,869 | 45,565 | 46,811 | 10,378 | 25,227 | -264,595 | 58,550 | 224,255 | 174,811 | |
| Appropriation of the result | ||||||||||
9906 |
180,601 | 91,681 | 68,017 | 21,205 | 10,827 | -14,400 | 251,110 | 397,206 | 174,811 | |
14P |
68,731 | 46,117 | 21,205 | 10,827 | -14,400 | - | 192,560 | - | - | |
691/2 |
180,601 | - | - | - | - | - | 915 | - | 1,860 | |
6920 |
- | - | - | - | - | - | 915 | - | 1,860 | |
6921 |
180,601 | - | - | - | - | - | - | - | - | |
694/7 |
0 | 22,950 | 21,900 | - | - | - | - | - | - | |
695 |
0 | 22,950 | 21,900 | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||
9087 |
8.4 | 8.4 | 8.9 | 7 | 8.3 | 9.7 | 45.6 | 14.6 | 0.3 | |
Hours worked1013 |
13,985 | 14,083 | 14,699 | 12,352 | 16,224 | 15,610 | - | 23,885 | 578 | |
| Document | ||||||||||
The notes to these accounts have 25 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 22-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 22-07-2026 | 2026-00315489 | |
| 31-12-2024 | abbreviated format | 25-07-2025 | 2025-00309189 | |
| 31-12-2023 | abbreviated format | 23-07-2024 | 2024-00273872 | |
| 31-12-2022 | abbreviated format | 13-07-2023 | 2023-00231558 | |
| 31-12-2021 | abbreviated format | 13-07-2022 | 2022-20187835 | |
| 31-03-2020 | abbreviated format | 31-10-2020 | 2020-67800345 | |
| 31-03-2019 | abbreviated format | 26-09-2019 | 2019-66000278 | |
| 31-03-2018 | abbreviated format | 22-08-2018 | 2018-48100432 | |
| 31-03-2017 | abbreviated format | 12-10-2017 | 2017-66900468 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €1,037 | €1,037 |
| 2024 | 1 | €2,749 | €3,385 |
| 2023 | 1 | €2,286 | €1,380 |
| 2022 | 2 | €3,444 | €3,444 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 326,252 | 281,301 | 229,134 | 236,155 | 581,770 | 281,234 | 456,149 | 526,640 | 270,074 | ||
| 238,332 | 216,983 | 188,355 | 211,125 | 514,568 | 237,473 | 434,603 | 416,823 | 185,219 | ||
| 80,969 | 265,639 | 508,006 | 286,004 | 134,425 | 705,193 | 1.3m | 782,752 | 38,992 | ||
| 59,407 | -27,004 | -57,683 | 79,795 | -19,336 | -20,532 | 29,827 | -50,392 | - | ||
| 320,656 | 59,044 | 97,017 | -362,186 | -939,871 | -518,704 | -294,199 | 135,058 | 159,458 | ||
| 12.1% | 5.3% | 4.5% | 2.6% | 1.4% | 0.1% | 10.6% | 19.2% | 26.5% | ||
| 1.55 | 1.09 | 1.20 | 0.69 | 0.36 | 0.72 | 0.77 | 1.10 | 1.31 | ||
| 1.49 | 1.05 | 1.15 | 0.67 | 0.33 | 0.72 | 0.77 | 1.10 | 1.31 | ||
| 7.29 | 17.79 | 21.42 | 37.39 | 68.66 | - | 8.44 | 4.20 | 2.78 | ||
| 56.5% | 53.0% | 73.8% | 26.9% | 89.7% | - | 21.9% | 54.5% | 93.4% | ||
| 6.8% | 2.8% | 3.3% | 0.7% | 1.3% | -9.0% | 2.3% | 10.5% | 24.7% | ||
| 8.63 | 8.35 | 7.59 | 8.08 | 7.66 | - | 20.40 | - | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 7 | 9 | 9 | 8 | 7 |
| full-time | 6 | 8 | 8 | 7 | 7 |
| part-time | 1 | 1 | 1 | 1 | 0 |
| in full-time equivalents | 6.9 | 8.9 | 8.9 | 7.9 | 7 |
| 8.4 | 8.4 | 8.9 | 7 | 8.3 | |
| On a permanent contract | 7 | 9 | 9 | 8 | 7 |
| Joined | 1 | 1 | 4 | 3 | 3 |
| Left | 3 | 1 | 3 | 2 | 8 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €305,888 | €342,869 | €399,733 | €381,180 | €512,787 |
| Mortgages, amount registered | €50,000 | €50,000 | €50,000 | €366,000 | €366,000 |
| €415,000 | €415,000 | €415,000 | - | - | |
| Carrying value of the mortgaged assets | €552,970 | €557,641 | €589,865 | €406,847 | €435,512 |
| €181,500 | €181,500 | €181,500 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €80,969 | €263,089 | €508,006 | €285,934 | €134,425 |
| Intangible fixed assets | - | - | - | €0 | €0 |
| Financial fixed assets | - | €2,550 | - | €70 | €0 |
| €126,463 | €171,419 | €141,544 | €200,747 | €489,341 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 82% higher than in 2024 and the highest since 2018. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 94.7% to 87.9%. Equity is higher and debt is lower.
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 31-03-2026 accounts of Achieve More. Every holding stands with its own latest accounts.
| TECHNICIANS ELECTRICAL EN MAINTENANCE
registered office since 20-07-2020 · founded in 2018 |
69 FTE (2026) 0704.821.202 |
| Achieve More
registered office since 23-04-2019 · founded in 2019 |
turnover €442,518 (2026) 0725.574.747 |
| Mentaliteit
registered office since 13-03-2018 · founded in 2018 |
23 FTE (2026) 0691.993.941 |
| TECHNICIANS BUILDING
registered office since 20-07-2020 · founded in 2018 |
17 FTE (2026) 0704.821.893 |
| Above Average
registered office since 25-08-2025 · founded in 2025 |
total assets €1.1m (2026) 1026.778.058 |
| Drivio
establishment since 01-03-2025 · founded in 2023 |
total assets €517,665 (2026) 1001.333.077 |
| Rudimentary
registered office since 16-08-2021 · founded in 2021 |
total assets €92,565 (2025) 0772.560.458 |
| Medisource
registered office since 18-10-2023 · founded in 2023 |
0.8 FTE (2026) 1001.332.681 |
| SENTADVICE
registered office since 13-01-2020 · founded in 2020 · negative equity (2025) |
total assets €21,313 (2025) 0741.465.129 |
| Bricks Estate
registered office since 10-07-2023 |
founded in 2023 0803.780.602 |
The network starts from the directors of TECHNICIANS. Every other company they run is a node.
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
| Establishment | Since | Unit number |
|---|---|---|
| Brusselsesteenweg 344C 9090 Merelbeke-Melle | 04-04-2016 | 2.251.931.214 |
| TECHNICIANS Dendermonde De Regenboog 11, 2800 Mechelen 33110 Repair and maintenance of fabricated metal products | 01-09-2017 | 2.268.767.939 |
| TECHNICIANS Brugge registered office Gruuthuselaan 49, 8020 Oostkamp 28250 Manufacture of machinery and equipment not elsewhere classified | 01-09-2017 | 2.268.768.038 |
| 04-03-2019 | Granted | Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 26-10-2018 · project 2018121373 | Oostkamp |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12403E0856/00E000 | 2,685 m² | 1 · 528 m² | 7.1 m · 2 |
| 44040D0127/00C002 | 2,482 m² | 1 · 355 m² | 12.1 m · 3 |
| 31022I0389/00W000 | 796 m² | 1 · 138 m² | 5.4 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 0651.572.655
If something looks wrong or is missing, please tell us.