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Technics-group

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Private limited company (pre-2019)founded 2018active for 7 yearsHeymansstraat 6, 2275 Lille, BelgiumKBO/BCE: BE 0713.954.840
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Technics-groupActiveChecked score 31/100
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Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.

Annual accounts 2024 filed on 22-01-2026 PDF all 6 filings

Turnover
€137,882▼ 16.3%
2023 · €164,805
EBIT margin
5.3%▲ 4.8pp
2023 · 0.5%
Net result
€7,035▲ 1,000%
2023 · €640
Working capital
€104,560▲ 7.2%
2023 · €97,525
Multi-year overview
2019 to 2024, 6 financial years
Turnover
€137,882
▼ 16.3% 2024
20192024
Operating result
€7,272
▲ 748% 2024
20192024
Net result
€7,035
▲ 1,000% 2024
middle half of the sector
20192024
EBIT margin
5.3%
▲ 4.8pp 2024
20192024
Equity
€104,910
▲ 7.2% 2024
middle half of the sector
20192024
Total assets
€1.1m
▲ 19.2% 2024
highest quarter of the sector
20192024
Debt
€972,713
▲ 20.6% 2024
20192024
Working capital
€104,560
▲ 7.2% 2024
highest quarter of the sector
20192024
Solvency
9.7%
▼ 1.1pp 2024
lowest quarter of the sector
20192024
Current ratio
1.11
▼ 0.01 2024
lowest quarter of the sector
20192024
Return on assets (ROA)
0.7%
▲ 0.6pp 2024
middle half of the sector
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line201920202021202220232024
Turnover€0.4m-€0.4m▲ 6.5%€0.2m▼ 46.5%€0.2m▲ 3.2%€0.2m▼ 25.0%€0.1m▼ 16.3%
Operating result€0.01m-€0.05m▲ 347%€0.03m▼ 32.6%€0.02m▼ 35.6%€0.001m▼ 96.0%€0.007m▲ 748%
Net result€0.008m-€0.05mabove the sector's middle half▲ 499%€0.02mwithin the sector's middle half▼ 53.1%€0.01mwithin the sector's middle half▼ 59.2%€0.001mwithin the sector's middle half▼ 93.3%€0.007mwithin the sector's middle half▲ 1,000%
EBIT margin3.0%-12.5%▲ 9.6pp15.8%▲ 3.3pp9.9%▼ 5.9pp0.5%▼ 9.3pp5.3%▲ 4.8pp
Equity€0.01m-€0.06mwithin the sector's middle half▲ 343%€0.09mwithin the sector's middle half▲ 36.3%€0.1mwithin the sector's middle half▲ 10.9%€0.1mwithin the sector's middle half▲ 0.7%€0.1mwithin the sector's middle half▲ 7.2%
Total assets€0.4m-€0.5mabove the sector's middle half▲ 39.1%€0.6mabove the sector's middle half▲ 17.9%€0.8mabove the sector's middle half▲ 37.1%€0.9mabove the sector's middle half▲ 12.8%€1.1mabove the sector's middle half▲ 19.2%
Debt€0.3m-€0.4m▲ 26.2%€0.5m▲ 15.1%€0.7m▲ 41.7%€0.8m▲ 14.5%€1.0m▲ 20.6%
Working capital€0.01m-€0.05mwithin the sector's middle half▲ 429%€0.08mwithin the sector's middle half▲ 47.8%€0.1mabove the sector's middle half▲ 20.7%€0.1mabove the sector's middle half▲ 0.7%€0.1mabove the sector's middle half▲ 7.2%
Solvency4.1%-13.0%below the sector's middle half▲ 8.9pp15.0%below the sector's middle half▲ 2.0pp12.1%below the sector's middle half▼ 2.9pp10.8%below the sector's middle half▼ 1.3pp9.7%below the sector's middle half▼ 1.1pp
Current ratio1.03-1.13within the sector's middle half▲ 0.101.16within the sector's middle half▲ 0.041.14within the sector's middle half▼ 0.021.12within the sector's middle half▼ 0.021.11below the sector's middle half▼ 0.01
Return on assets (ROA)2.3%-10.0%within the sector's middle half▲ 7.7pp4.0%within the sector's middle half▼ 6.1pp1.2%within the sector's middle half▼ 2.8pp0.1%below the sector's middle half▼ 1.1pp0.7%within the sector's middle half▲ 0.6pp
above within below The sector band is the middle half of the companies in Specialised construction activities (NACE 43). 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 2024 is 8.5 times that of 2023. It is a recovery after the fall in 2023.

Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.1m
Fixed assets €350 =
Current assets €1.1m ▲ 19.2%
Equity and liabilities €1.1m
Equity €104,910 ▲ 7.2%
Debt €972,713 ▲ 20.6%
Debt's share of the balance-sheet total rises from 89.2% to 90.3%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
Debt to equity
9.27▲
2023 · 8.24
ROE
6.7%▲
2023 · 0.7%
Debt ≤ 1 year
€972,713▲
2023 · €806,534
Customer credit
2047 days▲
2023 · 1462 days
Supplier credit
2864 days▲
2023 · 1532 days
Staff costs
€38,059▲
2023 · €4,036
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20202021202220232024
Tangible fixed assets€13,100€5,850---
Depreciation and write-downs of the year€7,300€8,450€7,117--

Source: notes to the 2020 to 2024 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet Code20232024
Assets
Total assets20/58€0.9m€1.1m▲
Fixed assets21/28€350€350=
Tangible fixed assets22/27€350€350=
Furniture and vehicles24€350€350=
Current assets29/58€0.9m€1.1m▲
Amounts receivable within one year40/41€0.7m€0.8m▲
Trade receivables40€0.7m€0.8m▲
Other amounts receivable41€0.03m€0.06m▲
Current investments50/53€0.2m€0.2m▲
Equity and liabilities
Total equity and liabilities10/49€0.9m€1.1m▲
Equity10/15€0.1m€0.1m▲
Contributions10/11€0.006m€0.006m=
Reserves13€0.002m€0.002m=
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Profit (loss) carried forward14€0.09m€0.1m▲
Amounts payable17/49€0.8m€1.0m▲
Amounts payable within one year42/48€0.8m€1.0m▲
Trade debts44€0.7m€0.7m▲
Suppliers440/4€0.7m€0.7m▲
Advances received on contracts in progress46€0.1m€0.2m▲
Taxes, remuneration and social security45€0.006m€0.02m▲
Remuneration and social security454/9€0.006m€0.02m▲
Other amounts payable47/48€0.003m-
Income statement Code20232024
Turnover70€0.2m€0.1m▼
Non-recurring operating income76A€0.001m-
Goods, raw materials, services and sundry goods60/61€0.2m€0.09m▼
Remuneration, social security and pensions62€0.004m€0.04m▲
Other operating charges640/8€0.001m€0.001m▼
Non-recurring operating charges66A€281-
Gross operating margin9900€0.007m€0.05m▲
Operating profit (loss)9901€0.001m€0.007m▲
Financial charges65/66B€217€236▲
Recurring financial charges65€217€236▲
Profit (loss) for the period before taxes9903€0.001m€0.007m▲
Profit (loss) for the period9904€0.001m€0.007m▲
Profit (loss) for the period to be appropriated9905€0.001m€0.007m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.09m€0.1m▲
Profit (loss) brought forward from the previous period14P€0.09m€0.09m▲

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2024 (PDF), filed on 22-01-2026.

Line201920202021202220232024Change
Turnover70€373,843€398,045€212,833€219,745€164,805€137,882▼ 16.3%
Non-recurring operating income76A-€11,888-€0€508--
Goods, raw materials, services and sundry goods60/61-€351,167€170,379€183,929€158,793€91,848▼ 42.2%
Remuneration, social security and pensions62---€6,179€4,036€38,059▲ 843%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,133€7,300€8,450€7,117---
Other operating charges640/8-€1,322€348€841€1,345€704▼ 47.7%
Non-recurring operating charges66A-€219-€0€281--
Gross operating margin9900€14,056€58,765€42,454€35,817€6,519€46,035▲ 606%
Operating profit (loss)9901€11,178€49,923€33,657€21,680€857€7,272▲ 748%
Financial income75/76B---€0---
Recurring financial income75---€0---
Non-recurring financial income76B---€0---
Financial charges65/66B-€410€2,524€408€217€236▲ 8.8%
Recurring financial charges65€81€410€2,524€408€217€236▲ 8.8%
Non-recurring financial charges66B---€0---
Profit (loss) for the period before taxes9903€11,097€49,514€31,133€21,273€640€7,035▲ 1,000%
Income taxes67/77€2,772-€316€7,783€11,743---
Profit (loss) for the period9904€8,325€49,830€23,349€9,530€640€7,035▲ 1,000%
Profit (loss) for the period to be appropriated9905€8,325€49,830€23,349€9,530€640€7,035▲ 1,000%
Line201920202021202220232024Change
Assets
Total assets20/58€0.4m€0.5m€0.6m€0.8m€0.9m€1.1m▲ 19.2%
Fixed assets21/28€0.004m€0.01m€0.007m€350€350€350=
Tangible fixed assets22/27€0.004m€0.01m€0.007m€350€350€350=
Furniture and vehicles24-€0.01m€0.007m€350€350€350=
Current assets29/58€0.4m€0.5m€0.6m€0.8m€0.9m€1.1m▲ 19.2%
Amounts receivable after more than one year29---€0---
Stocks and contracts in progress3---€0---
Amounts receivable within one year40/41€0.2m€0.3m€0.4m€0.6m€0.7m€0.8m▲ 21.8%
Trade receivables40-€0.3m€0.4m€0.6m€0.7m€0.8m▲ 17.1%
Other amounts receivable41-€0.006m€0.007m€0.008m€0.03m€0.06m▲ 144%
Current investments50/53----€0.2m€0.2m▲ 11.0%
Cash at bank and in hand54/58€0.1m€0.2m€0.2m€0.2m---
Deferred charges and accrued income490/1-€238-€0---
Equity and liabilities
Total equity and liabilities10/49€0.4m€0.5m€0.6m€0.8m€0.9m€1.1m▲ 19.2%
Equity10/15€0.01m€0.06m€0.09m€0.1m€0.1m€0.1m▲ 7.2%
Contributions10/11€0.006m€0.006m€0.006m€0.006m€0.006m€0.006m=
Capital10---€0.006m---
Issued capital100---€0.006m---
Reserves13€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Non-distributable reserves130/1-€0.002m-€0.002m€0.002m€0.002m=
Legal reserve130---€0.002m---
Reserves not available under the articles1311-€0.002m--€0.002m€0.002m=
Distributable reserves133--€0.002m----
Profit (loss) carried forward14€0.006m€0.06m€0.08m€0.09m€0.09m€0.1m▲ 7.8%
Provisions and deferred taxes16---€0---
Provisions for liabilities and charges160/5---€0---
Amounts payable17/49€0.3m€0.4m€0.5m€0.7m€0.8m€1.0m▲ 20.6%
Amounts payable after more than one year17---€0---
Financial debts170/4---€0---
Amounts payable within one year42/48€0.3m€0.4m€0.5m€0.7m€0.8m€1.0m▲ 20.6%
Financial debts43---€0---
Trade debts44€0.3m€0.4m€0.4m€0.5m€0.7m€0.7m▲ 8.1%
Suppliers440/4-€0.4m€0.4m€0.5m€0.7m€0.7m▲ 8.1%
Advances received on contracts in progress46-€0.02m€0.06m€0.1m€0.1m€0.2m▲ 75.9%
Taxes, remuneration and social security45-€0.002m€0.009m€0.01m€0.006m€0.02m▲ 278%
Taxes450/3-€0.002m€0.009m€0.009m---
Remuneration and social security454/9---€0.001m€0.006m€0.02m▲ 278%
Other amounts payable47/48-€0.03m€0.02m€0.03m€0.003m--
Line201920202021202220232024Change
Profit (loss) for the period9904€8,325€49,830€23,349€9,530€640€7,035▲ 1,000%
+ Depreciation and write-downs630€2,133€7,300€8,450€7,117---
Operating cash flow (approximation)€10,458€57,130€31,799€16,647€640€7,035▲ 1,000%
Investment in fixed assets (approximation)--€13,100-€5,850€0€0€0-
Change in cash-€33,247€17,770€17,391---

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,603 companies had the same profile as Technics-group has now. Two years later, 96.1% were still going and 1.9% had gone bankrupt.

  • Small
  • 5 to 10 years old
  • solvency under 10%
  • a profit under 5% of the balance sheet
96.1% was still going
1.8% stopped otherwise
1.9% went bankrupt

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of Technics-group itself is higher: 8.4% within 12 months. It rests on far more data about Technics-group than the profile alone.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,603 companies, not a prediction for Technics-group. 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 (6)
Financial year Type Filed Reference Document
31-12-2024 micro format 22-01-2026 2026-00017773 PDF
31-12-2023 micro format 13-03-2025 2025-00047948 PDF
31-12-2022 micro format 02-05-2025 2025-00090308 PDF
31-12-2021 micro format 13-06-2023 2023-00124847 PDF
31-12-2020 micro format 06-06-2022 2022-20048689 PDF
31-12-2019 micro format 24-10-2020 2020-63300550 PDF

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