TECHNICUP
ActiveSummary
TECHNICUP has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €685,255 and a net result of €386,347. Equity is growing by ~17% per year across the filed fiscal years. Its solvency ranks better than 62% of 8190 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency80▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.52 against 2.91 in 2024; short-term debt: 36.5% and cash: 4.2% of total assets), and 44.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
55.4%
Return on assets
31.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
31 d early
2024
13 d early
2023
33 d early
2022
20 d early
2021
16 d early
2020
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 11 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€685,255▼ 2.0%
2024 · €698,908
Total assets
€1.2m▲ 2.9%
2024 · €1.2m
Net result
€386,347▼ 10.8%
2024 · €433,030
Working capital
€684,591▼ 10.9%
2024 · €768,560
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€338,768▲ 262%€378,740▲ 11.8%€658,122▲ 73.8%€554,399▼ 15.8%€464,796▼ 16.2%
Net result€262,729above the sector's middle half▲ 199%€440,483above the sector's middle half▲ 67.7%€514,710above the sector's middle half▲ 16.9%€433,030above the sector's middle half▼ 15.9%€386,347above the sector's middle half▼ 10.8%
Equity€360,685above the sector's middle half▲ 268%€801,168above the sector's middle half▲ 122%€1.3mabove the sector's middle half▲ 58.0%€698,908within the sector's middle half▼ 44.8%€685,255within the sector's middle half▼ 2.0%
Total assets€500,222above the sector's middle half▲ 123%€1.6mabove the sector's middle half▲ 218%€1.9mwithin the sector's middle half▲ 20.5%€1.2mwithin the sector's middle half▼ 37.4%€1.2mwithin the sector's middle half▲ 2.9%
Debt€139,537▲ 10.1%€791,283▲ 467%€652,612▼ 17.5%€502,288▼ 23.0%€551,116▲ 9.7%
Working capital€315,128above the sector's middle half▲ 222%€935,264above the sector's middle half▲ 197%€1.4mabove the sector's middle half▲ 47.6%€768,560within the sector's middle half▼ 44.3%€684,591within the sector's middle half▼ 10.9%
Solvency72.1%above the sector's middle half▲ 28.5pp50.3%within the sector's middle half▼ 21.8pp66.0%within the sector's middle half▲ 15.7pp58.2%within the sector's middle half▼ 7.8pp55.4%within the sector's middle half▼ 2.8pp
Current ratio3.27above the sector's middle half▲ 1.502.52within the sector's middle half▼ 0.753.75above the sector's middle half▲ 1.232.91within the sector's middle half▼ 0.842.52within the sector's middle half▼ 0.39
Return on assets (ROA)52.5%above the sector's middle half▲ 13.4pp27.7%above the sector's middle half▼ 24.9pp26.8%above the sector's middle half▼ 0.8pp36.0%above the sector's middle half▲ 9.2pp31.2%above the sector's middle half▼ 4.8pp
Staff (FTE)0.1below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€100,152 ▲ 230%
Current assets
€1.1m ▼ 3.0%
Equity and liabilities €1.2m
Equity
€685,255 ▼ 2.0%
Debt
€551,116 ▲ 9.7%
Debt's share of the balance-sheet total rises from 41.8% to 44.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€482,081▼
2024 · €559,677
Cash flow
€403,631▼
2024 · €438,308
Quick ratio
1.72▼
2024 · 2.02
Debt to equity
0.80▲
2024 · 0.72
ROE
56.4%▼
2024 · 62.0%
Interest coverage
24.08▼
2024 · 25.77
Debt ≤ 1 year
€451,628▲
2024 · €402,288
Debt > 1 year
€99,488▼
2024 · €100,000
Income taxes
€126,381▼
2024 · €144,440
Staff costs
€9,262
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €9,262 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,497 | €5,278 | €5,278 | €5,278 | €17,284 | ▲ 227% |
| Other operating charges640/8 | €14,266 | €29,465 | €19,592 | €24,682 | €26,913 | ▲ 9.0% |
| Gross operating margin9900 | €356,531 | €413,483 | €682,991 | €584,359 | €518,256 | ▼ 11.3% |
| Operating profit (loss)9901 | €338,768 | €378,740 | €658,122 | €554,399 | €464,796 | ▼ 16.2% |
| Financial income75/76B | €1,604 | €210,685 | €17,337 | €44,788 | €67,952 | ▲ 51.7% |
| Recurring financial income75 | €3 | €210,685 | €17,337 | €44,788 | €67,952 | ▲ 51.7% |
| Non-recurring financial income76B | €1,601 | - | - | - | - | - |
| Financial charges65/66B | €698 | €8,887 | €12,513 | €21,717 | €20,020 | ▼ 7.8% |
| Recurring financial charges65 | €698 | €8,887 | €12,513 | €21,717 | €20,020 | ▼ 7.8% |
| Profit (loss) for the period before taxes9903 | €339,673 | €580,538 | €662,946 | €577,471 | €512,728 | ▼ 11.2% |
| Income taxes67/77 | €76,944 | €140,055 | €148,237 | €144,440 | €126,381 | ▼ 12.5% |
| Profit (loss) for the period9904 | €262,729 | €440,483 | €514,710 | €433,030 | €386,347 | ▼ 10.8% |
| Profit (loss) for the period to be appropriated9905 | €262,729 | €440,483 | €514,710 | €433,030 | €386,347 | ▼ 10.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €500,222 | €1.6m | €1.9m | €1.2m | €1.2m | ▲ 2.9% |
| Fixed assets21/28 | €46,181 | €40,904 | €35,626 | €30,348 | €100,152 | ▲ 230% |
| Tangible fixed assets22/27 | €43,481 | €38,204 | €32,926 | €27,648 | €97,452 | ▲ 252% |
| Plant, machinery and equipment23 | €5,171 | €4,011 | €2,851 | €1,691 | €531 | ▼ 68.6% |
| Furniture and vehicles24 | - | - | - | - | €63,966 | - |
| Other tangible fixed assets26 | €38,311 | €34,193 | €30,075 | €25,957 | €32,955 | ▲ 27.0% |
| Financial fixed assets28 | €2,700 | €2,700 | €2,700 | €2,700 | €2,700 | = |
| Current assets29/58 | €454,040 | €1.6m | €1.9m | €1.2m | €1.1m | ▼ 3.0% |
| Stocks and contracts in progress3 | €316,122 | €546,423 | €397,304 | €357,817 | €361,034 | ▲ 0.9% |
| Stocks30/36 | €316,122 | €546,423 | €397,304 | €357,817 | €361,034 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €133,649 | €937,003 | €1.5m | €782,816 | €721,412 | ▼ 7.8% |
| Trade receivables40 | €133,649 | €640,003 | €971,437 | €775,493 | €680,473 | ▼ 12.3% |
| Other amounts receivable41 | - | €297,000 | €506,263 | €7,323 | €40,939 | ▲ 459% |
| Cash at bank and in hand54/58 | €2,687 | €66,463 | €5,703 | €27,697 | €52,468 | ▲ 89.4% |
| Deferred charges and accrued income490/1 | €1,582 | €1,659 | €2,156 | €2,518 | €1,305 | ▼ 48.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €500,222 | €1.6m | €1.9m | €1.2m | €1.2m | ▲ 2.9% |
| Equity10/15 | €360,685 | €801,168 | €1.3m | €698,908 | €685,255 | ▼ 2.0% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €350,685 | €791,168 | €1.3m | €688,908 | €675,255 | ▼ 2.0% |
| Distributable reserves133 | €350,685 | €791,168 | €1.3m | €688,908 | €675,255 | ▼ 2.0% |
| Amounts payable17/49 | €139,537 | €791,283 | €652,612 | €502,288 | €551,116 | ▲ 9.7% |
| Amounts payable after more than one year17 | - | €175,000 | €150,000 | €100,000 | €99,488 | ▼ 0.5% |
| Financial debts170/4 | - | €175,000 | €150,000 | €100,000 | €99,488 | ▼ 0.5% |
| Amounts payable within one year42/48 | €138,912 | €616,283 | €502,612 | €402,288 | €451,628 | ▲ 12.3% |
| Current portion of amounts payable after more than one year42 | - | €25,000 | €50,000 | €50,000 | €63,912 | ▲ 27.8% |
| Financial debts43 | - | €250,000 | €238,271 | €100,680 | €50,418 | ▼ 49.9% |
| Other loans439 | - | €250,000 | €238,271 | €100,680 | €50,418 | ▼ 49.9% |
| Trade debts44 | €40,619 | €101,671 | €8,136 | €13,446 | €32,046 | ▲ 138% |
| Suppliers440/4 | €40,619 | €101,671 | €8,136 | €13,446 | €32,046 | ▲ 138% |
| Taxes, remuneration and social security45 | €98,293 | €239,612 | €156,205 | €16,008 | €43,957 | ▲ 175% |
| Taxes450/3 | €98,293 | €239,612 | €156,205 | €16,008 | €43,957 | ▲ 175% |
| Other amounts payable47/48 | - | - | €50,000 | €222,154 | €261,295 | ▲ 17.6% |
| Accrued charges and deferred income492/3 | €625 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €262,729 | €440,483 | €514,710 | €433,030 | €386,347 | ▼ 10.8% |
| + Depreciation and write-downs630 | €3,497 | €5,278 | €5,278 | €5,278 | €17,284 | ▲ 227% |
| Operating cash flow (approximation) | €266,226 | €445,761 | €519,987 | €438,308 | €403,631 | ▼ 7.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€87,088 | - |
| Change in cash | - | €63,776 | -€60,760 | €21,994 | €24,771 | ▲ 12.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €514,710 ▲16.9%
Operating result €658,122, net result €514,710, both a record.
31-12
Financial
Equity above €1mEq €1.3m ▲58%
4 profitable years in a row build equity to €1.3m.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €500,000Eq €801,168 ▲122%
3 profitable years in a row build equity to €801,168.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €360,685 ▲268%
2 profitable years in a row build equity to €360,685.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2019
Ground area
314 m²
Building footprint
260 m²
Volume, LiDAR
2,367 m³
Parcel 36015A0358/00X003, Flanders · tallest building 17.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TECHNICUP
since 20192.294.233.508
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36015A0358/00X003 | Flanders | 314 m² | 1 · 260 m² | 17.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 977 companies in this sector we hold annual accounts for 704. 503 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded03-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
46431Wholesale of electrical household appliances and audio-video equipment
46641Wholesale trade
33140Repair and maintenance of electrical equipment
47540Retail sale of electrical household appliances
E-invoicing
Reachable via Peppol
Peppol ID
0208:0735648691
Also
9925:BE0735648691
Registered
13-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.