TECHNICO
ActiveSummary
TECHNICO has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €225,133 and a net result of -€1,648. Equity has been growing by about 15% per year since 2018. Its solvency ranks better than 47% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 18-06-2015 Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 2 others
- Establishment unit
- 2.243.859.428 1910 Kampenhout, since 18-06-2015
- Financial year end
- 31 December
- Peppol
- Reachable since 19-03-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
- Gross margin
- €35,431
- ▼ 70.0%
- Turnover
- ≈ €210,000
- estimated
- Loss
- €1,648
- Equity
- €225,133
- ▼ 0.7%
- Total assets
- €508,616
- ▼ 10.4%
- 2025 accounts filed 7 days after the deadline
Score breakdownraises riskLast filed accounts filed 7 days late; 2 of the last 3 accounts lateLoss of €1,648 (financial year 2025)lowers riskLiquidity: current ratio 1.36, cash €68,704Founded in 2015Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 48% of them on solvency, 60% on liquidity, 22% on profitability and 33% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 30 days after 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.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
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, 2026-00393561.
Annual accounts 2025 filed on 07-08-2026 at the NBB all 10 filings
Every figure per financial year
The operating result for 2025 is 90% lower than in 2024 and the lowest since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,648 | €6,060 | €51,476 | €26,530 | €8,293 |
| Depreciation and write-downs of the year | €11,745 | €11,826 | €15,043 | €20,378 | €23,232 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 3 entries · €566 awarded · €665 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €213 | €213 |
| 2023 | 1 | €248 | €347 |
| 2022 | 1 | €105 | €105 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,605 | €12,741 | €10,327 | €11,745 | €11,826 | €15,043 | €20,378 | €23,232 | ▲ 14.0% |
| Other operating charges640/8 | - | - | - | €4,394 | €3,530 | €4,309 | €3,411 | €2,699 | ▼ 20.9% |
| Gross operating margin9900 | €47,203 | €69,628 | €60,484 | €37,423 | €52,826 | €55,079 | €118,247 | €35,431 | ▼ 70.0% |
| Operating profit (loss)9901 | €31,306 | €31,057 | €46,148 | €21,283 | €37,471 | €35,727 | €94,457 | €9,500 | ▼ 89.9% |
| Financial income75/76B | - | - | - | €72 | €91 | €83 | €132 | €507 | ▲ 283% |
| Recurring financial income75 | €11 | €1,075 | €18 | €72 | €91 | €83 | €132 | €507 | ▲ 283% |
| Financial charges65/66B | - | - | - | €8,955 | €8,711 | €9,316 | €10,741 | €10,184 | ▼ 5.2% |
| Recurring financial charges65 | €2,395 | €4,378 | €6,508 | €8,955 | €8,711 | €9,316 | €10,741 | €10,184 | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €28,922 | €27,754 | €39,658 | €12,400 | €28,851 | €26,494 | €83,849 | -€178 | - |
| Income taxes67/77 | €8,387 | €8,047 | €11,241 | €3,392 | €8,406 | €7,362 | €23,507 | €1,470 | ▼ 93.7% |
| Profit (loss) for the period9904 | €20,535 | €19,707 | €28,417 | €9,008 | €20,445 | €19,132 | €60,342 | -€1,648 | - |
| Profit (loss) for the period to be appropriated9905 | €20,535 | €19,707 | €28,417 | €9,008 | €20,445 | €19,132 | €60,342 | -€1,648 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €251,199 | €451,499 | €465,737 | €471,164 | €478,702 | €505,920 | €567,538 | €508,616 | ▼ 10.4% |
| Fixed assets21/28 | €172,433 | €361,234 | €368,276 | €366,179 | €360,414 | €396,848 | €403,248 | €388,308 | ▼ 3.7% |
| Tangible fixed assets22/27 | €172,433 | €361,234 | €368,276 | €366,179 | €360,414 | €396,848 | €403,000 | €388,060 | ▼ 3.7% |
| Land and buildings22 | - | - | - | €350,839 | €346,412 | €341,985 | €337,558 | €333,131 | ▼ 1.3% |
| Plant, machinery and equipment23 | - | - | - | €2,443 | €3,208 | €3,366 | €14,614 | €10,896 | ▼ 25.4% |
| Furniture and vehicles24 | - | - | - | €12,897 | €10,794 | €51,496 | €50,827 | €44,032 | ▼ 13.4% |
| Financial fixed assets28 | - | - | - | - | - | - | €248 | €248 | = |
| Current assets29/58 | €78,766 | €90,265 | €97,461 | €104,985 | €118,289 | €109,073 | €164,291 | €120,308 | ▼ 26.8% |
| Stocks and contracts in progress3 | - | - | - | - | €8,000 | €16,060 | €8,000 | €8,000 | = |
| Contracts in progress37 | - | - | - | - | €8,000 | €16,060 | €8,000 | €8,000 | = |
| Amounts receivable within one year40/41 | €46,195 | €64,854 | €20,027 | €42,596 | €52,770 | €52,574 | €111,128 | €36,677 | ▼ 67.0% |
| Trade receivables40 | - | - | - | €29,728 | €36,711 | €41,727 | €71,759 | €14,475 | ▼ 79.8% |
| Other amounts receivable41 | - | - | - | €12,867 | €16,059 | €10,847 | €39,369 | €22,202 | ▼ 43.6% |
| Cash at bank and in hand54/58 | €28,023 | €20,999 | €72,115 | €57,199 | €38,818 | €34,448 | €38,585 | €68,704 | ▲ 78.1% |
| Deferred charges and accrued income490/1 | - | - | - | €5,190 | €18,701 | €5,991 | €6,578 | €6,926 | ▲ 5.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €251,199 | €451,499 | €465,737 | €471,164 | €478,702 | €505,920 | €567,538 | €508,616 | ▼ 10.4% |
| Equity10/15 | €72,176 | €91,071 | €119,488 | €128,496 | €148,141 | €167,273 | €226,781 | €225,133 | ▼ 0.7% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €53,576 | €71,576 | €99,993 | €108,396 | €128,041 | €147,173 | €206,681 | €206,681 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €106,536 | €126,181 | €147,173 | €206,681 | €206,681 | = |
| Profit (loss) carried forward14 | - | €895 | €895 | €1,500 | €1,500 | €1,500 | €1,500 | -€148 | - |
| Amounts payable17/49 | €179,023 | €360,428 | €346,249 | €342,669 | €330,561 | €338,648 | €340,757 | €283,482 | ▼ 16.8% |
| Amounts payable after more than one year17 | €128,370 | €282,883 | €274,728 | €253,271 | €231,378 | €249,447 | €222,649 | €195,077 | ▼ 12.4% |
| Financial debts170/4 | - | - | - | €253,271 | €231,378 | €249,447 | €222,649 | €195,077 | ▼ 12.4% |
| Amounts payable within one year42/48 | €50,653 | €77,545 | €71,521 | €89,397 | €99,183 | €89,200 | €118,108 | €88,406 | ▼ 25.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €24,311 | €24,768 | €28,935 | €29,684 | €32,683 | ▲ 10.1% |
| Trade debts44 | €32,528 | €40,009 | €35,245 | €51,409 | €58,375 | €46,753 | €78,636 | €44,204 | ▼ 43.8% |
| Suppliers440/4 | - | - | - | €51,409 | €58,375 | €46,753 | €78,636 | €44,204 | ▼ 43.8% |
| Taxes, remuneration and social security45 | - | - | - | €8,177 | €7,877 | €3,338 | €8,144 | €11,519 | ▲ 41.4% |
| Taxes450/3 | - | - | - | €8,177 | €7,877 | €3,338 | €8,144 | €11,519 | ▲ 41.4% |
| Other amounts payable47/48 | - | - | - | €5,501 | €8,163 | €10,175 | €1,644 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,535 | €19,707 | €28,417 | €9,008 | €20,445 | €19,132 | €60,342 | -€1,648 | - |
| + Depreciation and write-downs630 | €12,605 | €12,741 | €10,327 | €11,745 | €11,826 | €15,043 | €20,378 | €23,232 | ▲ 14.0% |
| Operating cash flow (approximation) | €33,140 | €32,448 | €38,744 | €20,753 | €32,271 | €34,175 | €80,720 | €21,584 | ▼ 73.3% |
| Investment in fixed assets (approximation) | - | -€201,542 | -€17,369 | -€9,648 | -€6,060 | -€51,476 | -€26,778 | -€8,293 | ▲ 69.0% |
| Change in cash | - | -€7,024 | €51,116 | -€14,916 | -€18,381 | -€4,370 | €4,137 | €30,120 | ▲ 628% |
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, 2,686 companies had the same profile as TECHNICO has now. Two years later, 93.7% were still going and 0.6% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a small loss
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TECHNICO itself: 0.5% 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 2,686 companies, not a prediction for TECHNICO. 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.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 07-08-2026 | 2026-00393561 | |
| 31-12-2024 | micro format | 27-09-2025 | 2025-00524394 | |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00453699 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00427754 | |
| 31-12-2021 | micro format | 23-06-2022 | 2022-20097709 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64700376 | |
| 31-12-2019 | micro format | 27-10-2020 | 2020-65200374 | |
| 31-12-2018 | micro format | 20-08-2019 | 2019-49200463 | |
| 31-12-2017 | micro format | 15-08-2018 | 2018-46200420 | |
| 31-12-2016 | abbreviated format | 23-11-2017 | 2017-70300027 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 10-01-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VANDEN BALCK Nico |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering bepaalt aantal,duur en bij meerdere bevoegdheid”
Articles of association, deed of 10-01-2024 (in Dutch)
Network & group
TECHNICO shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of TECHNICO. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
10-01
Gazette deed
Change of role: VANDEN BALCK Nico, from director to statutory directorReappointment: VANDEN BALCK Nico (statutory director) · Amendment of the articles · Capital conversion11 points ▸
- General meeting, 26-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, middelen beschikbaar voor uitkering” (deed in Dutch)
- Capital
- Director appointment, VANDEN BALCK Nico (statutory director)
- Director resignation, VANDEN BALCK Nico (director)
- Director reappointment, VANDEN BALCK Nico (statutory director)
- Director discharge, VANDEN BALCK Nico
- Registered office clause, “1910 Kampenhout, Kosterweg 17” (deed in Dutch)
- Power of attorney, Lens. Abbeloos Notarissen
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
11 activities
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan- en verkoop,de bouw,de verbouwing,de binnenhuisinrichting en decoratie,de huur en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken,van onroerende goederen of onroerende zakelijke rechten
- Het verwerven en aanhouden van participaties,in eender welke vorm,in alle bestaande of op te richten,industriële,commerciële,financiële,landbouw- of immobiliënvennootschappen of -ondernemingen;het stimuleren,de planning en coördinatie van de ontwikkeling van de vennootschappen en ondernemingen,waarin ze een participatie aanhoudt;het deelnemen aan hun beheer,bestuur,vereffening en toezicht alsmede het verlenen van technische,administratieve en financiële bijstand aan deze vennootschappen en ondernemingen
- Elektrotechnische installatiewerken aan gebouwen
- Loodgieterswerk
- Installatie van verwarming,klimaatregeling en ventilatie
- Isolatiewerkzaamheden
- Proefboren en boren,i.e.het proefboren en het nemen van bodemmonsters ten behoeve van de bouw of voor geofysische,geologische of dergelijke doeleinden
- Het uitvoeren van horizontale boringen voor het leggen van kabels en kanalisaties
- Gevelreiniging
- Het uitvoeren van voeg- en metselwerken
- Overige gespecialiseerde bouwwerkzaamheden
Invoicing and payment
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 0632.552.044
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23008D0721/00F000 | Flanders | 690 m² | 1 · 180 m² | - |