Equity
Equity rose in 2025 from €2.2m to €3.8m.
Equity rose in 2025 from €2.2m to €3.8m.
€1.1m of the debts are secured on the company's own assets. In 2023 that was €2.4m.
Green is investment, beige is depreciation. Land and buildings stand 17.3% higher than in 2024.
In 2025, 21 people joined and 23 left.
Three of the last ten came late. The 2017 accounts came latest: 52 days after the end of the period.
Higher net result than 95% of companies in specialised construction. Sector median €42,671 · 2,464 companies.
The dashed line is the sector median: 0.3% across 241 companies (NACE 43, medium-sized).
About 2 in 1,000 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, medium-sized). It does better than 43% of them on solvency, 29% on liquidity, 83% on profitability and 70% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 378 companies had the same profile as TECHNIGROUP has now. Each dot is one company, two years later.
That fits the bankruptcy probability of TECHNIGROUP itself: 0.2% 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 378 companies, not a prediction for TECHNIGROUP. 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 tight, with a current ratio of 1.19 (1.08 in 2024), below the usual 1.5. Short-term debt is 64.5% and cash 7.1% of total assets. 70.5% 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 17 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 | ||||
|---|---|---|---|---|
| TECHNIGROUP Herentals | €24.6m | 9.8% | 29.5% | 103.9 |
| Etablissements Jordan Farciennes | €21.7m | 1.9% | 22.5% | 102.2 |
| Henkens Frères Welkenraedt | €21.1m | 0.9% | 13.1% | 118.5 |
| SABCOBEL HEIDI FRIGOS Sint-Niklaas | €23.9m | 1.1% | 17.1% | 89.2 |
| Gezel Buggenhout | €23.9m | 4.9% | 54.2% | 76.3 |
| Alfa Technical Installations Lokeren | €36.6m | 1.4% | 23.1% | 99.7 |
| BELTHERM Zedelgem | €29.6m | 1.6% | 43.7% | 116.7 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as TECHNIGROUP: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €9.6m and €13m, founded between 1968 and 1993.
Solvency rose in 2025 from 19.4% to 29.5% because of the retained profit.
TECHNICAL MANAGEMENT & HOLDING holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 32% of 2,463 companies in 2025.
Higher than 28% of 2,436 companies in 2025.
Higher than 77% of 2,454 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: top quarter
96.6 men and 7.3 women in full-time equivalents in 2025.
Men €81,316, women €80,269 per full-time equivalent. Jobs differ, so this is not a pay gap.
In 2025, 21 people joined and 23 left. Training hours in 2025: 2,619.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
12.9m | 11.5m | 10.5m | 10.2m | 9.4m | 8.8m | 8.5m | 7.2m | 5.7m | 5.1m | 5.2m | 4.8m | 3.6m | 3.4m | 2.2m | 1.9m | 1.9m | 1.9m | 1.5m | 1.2m | |
21/28 |
3.0m | 2.4m | 2.3m | 1.6m | 1.1m | 1.1m | 1.2m | 923,722 | 1.0m | 1.1m | 1.2m | 659,141 | 467,758 | 420,144 | 350,876 | 198,968 | 114,646 | 125,414 | 85,784 | 97,626 | |
21 |
65,530 | 9,108 | 9,029 | 24,467 | 41,742 | 40,545 | 30,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
2.9m | 2.4m | 2.3m | 1.6m | 1.0m | 1.1m | 1.1m | 922,022 | 1.0m | 1.1m | 1.2m | 658,358 | 467,758 | 420,144 | 350,876 | 198,968 | 114,646 | 125,414 | 85,784 | 97,626 | |
22 |
716,167 | 610,336 | 675,118 | 700,700 | 548,987 | 546,935 | 516,796 | 370,506 | 366,305 | 412,370 | 386,906 | 226,141 | 137,218 | 125,617 | 138,946 | 78,444 | - | - | - | - | |
23 |
572,018 | 637,996 | 493,112 | 361,145 | 113,947 | 125,170 | 59,716 | 49,301 | 51,727 | 53,438 | 43,020 | 14,918 | 17,764 | - | - | - | 13,244 | 17,428 | 22,359 | 18,852 | |
24 |
1.1m | 989,195 | 1.1m | 514,695 | 327,889 | 349,252 | 492,452 | 502,216 | 587,083 | 592,511 | 748,698 | 417,299 | 312,776 | 294,527 | 211,931 | 120,524 | 101,402 | 107,987 | 63,425 | 78,774 | |
26 |
292,528 | 8,578 | 10,693 | 19,731 | 24,273 | 33,352 | 52,146 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
27 |
204,608 | 153,323 | 69,272 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
28 |
884 | 884 | 4,096 | 8,828 | 6,780 | - | 1,700 | 1,700 | - | 2,500 | 4,319 | 783 | - | - | - | - | - | - | - | - | |
284/8 |
884 | 884 | 4,096 | 8,828 | 6,780 | - | 1,700 | 1,700 | - | - | - | - | - | - | - | - | - | - | - | - | |
285/8 |
884 | 884 | 4,096 | 8,828 | 6,780 | - | 1,700 | 1,700 | - | - | - | - | - | - | - | - | - | - | - | - | |
29/58 |
9.9m | 9.1m | 8.2m | 8.6m | 8.3m | 7.7m | 7.4m | 6.3m | 4.7m | 4.0m | 4.0m | 4.2m | 3.1m | 2.9m | 1.9m | 1.7m | 1.8m | 1.8m | 1.4m | 1.1m | |
3 |
2.2m | 2.2m | 2.1m | 2.3m | 1.9m | 2.4m | 3.0m | 2.3m | 1.8m | 1.7m | 1.7m | 1.6m | 1.0m | 746,500 | 478,000 | 199,000 | 195,500 | 182,150 | 354,750 | 88,500 | |
30/36 |
1.2m | 1.2m | 1.2m | 1.3m | 1.0m | 826,970 | 793,304 | 743,304 | 678,893 | 681,473 | 631,473 | 145,000 | 145,000 | 145,000 | 45,000 | 45,000 | 12,500 | 12,500 | 12,500 | 12,500 | |
30/31 |
1.2m | 1.2m | 1.2m | 1.3m | 1.0m | 826,970 | 793,304 | 743,304 | - | - | - | - | - | - | - | - | - | - | - | - | |
37 |
936,370 | 996,795 | 875,072 | 1.0m | 890,222 | 1.6m | 2.2m | 1.5m | 1.1m | 984,820 | 1.1m | 1.4m | 886,917 | 601,500 | 433,000 | 154,000 | 183,000 | 169,650 | 342,250 | 76,000 | |
40/41 |
6.7m | 5.6m | 5.0m | 4.0m | 4.1m | 2.5m | 3.2m | 3.2m | 2.4m | 2.1m | 1.9m | 2.2m | 1.8m | 1.9m | 1.3m | 1.1m | 1.4m | 1.1m | 896,721 | 938,227 | |
40 |
6.4m | 5.2m | 4.7m | 3.8m | 4.0m | 2.1m | 3.1m | 3.2m | 2.3m | 2.1m | 1.9m | 2.2m | 1.8m | 1.8m | 1.3m | 1.0m | 1.3m | 1.1m | 892,678 | 837,959 | |
41 |
327,084 | 414,401 | 346,598 | 282,747 | 20,346 | 362,462 | 125,557 | - | 40,824 | 4,919 | 4,919 | 72,672 | 53,878 | 40,570 | 35,452 | 73,804 | 108,326 | 1,724 | 4,044 | 100,268 | |
50/53 |
0 | 700,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
51/53 |
0 | 700,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
910,502 | 579,016 | 1.1m | 2.2m | 2.3m | 2.6m | 1.2m | 783,806 | 425,421 | 232,392 | 433,401 | 361,644 | 274,574 | 333,400 | 75,503 | 402,950 | 153,118 | 502,372 | 121,898 | 77,075 | |
490/1 |
107,204 | 43,528 | 68,599 | 55,338 | 24,592 | 177,142 | 16,119 | 23,462 | 65,000 | 45,000 | - | - | - | - | - | - | 666 | 880 | 1,597 | 3,244 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
12.9m | 11.5m | 10.5m | 10.2m | 9.4m | 8.8m | 8.5m | 7.2m | 5.7m | 5.1m | 5.2m | 4.8m | 3.6m | 3.4m | 2.2m | 1.9m | 1.9m | 1.9m | 1.5m | 1.2m | |
10/15 |
3.8m | 2.2m | 3.3m | 2.2m | 1.5m | 710,431 | 705,663 | 685,599 | 537,335 | 446,155 | 623,386 | 619,877 | 423,190 | 352,290 | 338,398 | 279,992 | 277,082 | 258,230 | 289,131 | 277,221 | |
10/11 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
10 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 1.1m | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | |
11 |
19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | |
1100/10 |
19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | |
13 |
511,200 | 495,323 | 495,323 | 441,322 | 406,200 | 456,200 | 456,200 | 456,200 | 456,200 | 167,007 | 167,007 | 167,007 | 167,007 | 167,007 | 167,007 | 167,007 | 167,007 | 167,007 | 167,007 | 167,007 | |
130/1 |
111,200 | 95,323 | 95,323 | 41,322 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
111,200 | 95,323 | 95,323 | 41,322 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
133 |
400,000 | 400,000 | 400,000 | 400,000 | 400,000 | 450,000 | 450,000 | 450,000 | 450,000 | 160,807 | 160,807 | 160,807 | 160,807 | 160,807 | 160,807 | 160,807 | 160,807 | 160,807 | 160,807 | 160,807 | |
14 |
2.2m | 615,463 | 1.7m | 671,426 | 4,101 | -857,788 | 187,444 | 167,380 | 19,116 | 217,130 | 394,360 | 390,851 | 194,165 | 123,264 | 109,373 | 50,967 | 48,057 | 29,205 | 60,106 | 48,196 | |
16 |
- | - | - | - | - | - | - | - | - | - | 90,000 | - | - | - | - | - | - | - | - | - | |
160/5 |
- | - | - | - | - | - | - | - | - | - | 90,000 | - | - | - | - | - | - | - | - | - | |
17/49 |
9.1m | 9.3m | 7.2m | 8.0m | 7.8m | 8.0m | 7.8m | 6.5m | 5.1m | 4.6m | 4.5m | 4.2m | 3.2m | 3.0m | 1.9m | 1.6m | 1.6m | 1.7m | 1.2m | 927,451 | |
17 |
758,543 | 818,042 | 1.8m | 1.6m | 2.2m | 2.6m | 2.4m | 1.8m | 1.3m | 1.2m | 1.5m | 1.6m | 1.2m | 1.3m | 742,665 | 603,357 | 77,583 | 18,428 | 23,801 | 28,108 | |
170/4 |
758,543 | 818,042 | 1.1m | 756,453 | 1.1m | 2.6m | 1.3m | 764,880 | 290,640 | 329,029 | 443,654 | 627,692 | 551,011 | 603,975 | 142,665 | 103,357 | 77,583 | 18,428 | 23,801 | 28,108 | |
170 |
- | - | - | - | 0 | 1.1m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
173 |
758,543 | 818,042 | 1.1m | 756,453 | 1.1m | 1.5m | 1.3m | 764,880 | - | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
- | 0 | 711,111 | 877,778 | 1.1m | - | 1.1m | 1.1m | 1.1m | 900,000 | 1.0m | 922,500 | 620,000 | 650,000 | 600,000 | 500,000 | - | - | - | - | |
42/48 |
8.3m | 8.4m | 5.3m | 6.2m | 5.6m | 5.2m | 5.4m | 4.7m | 3.7m | 3.3m | 2.9m | 2.6m | 1.7m | 1.6m | 1.1m | 1.0m | 1.4m | 1.4m | 1.1m | 849,688 | |
42 |
364,239 | 481,334 | 608,008 | 686,509 | 523,522 | 560,169 | 428,773 | 367,882 | 476,282 | 234,150 | 497,076 | 263,345 | 199,827 | 178,306 | 86,357 | 60,671 | 36,977 | 18,082 | 19,790 | 20,136 | |
43 |
2.8m | 693,423 | 603,275 | 3.0m | 2.7m | 3.1m | 2.7m | 2.4m | 2.1m | 1.9m | 1.0m | 550,000 | 150,000 | 200,000 | 150,000 | - | - | - | - | - | |
430/8 |
2.8m | 693,423 | 603,275 | 3.0m | 2.7m | 3.1m | 2.7m | 2.4m | 2.1m | 1.9m | 1.0m | 550,000 | 150,000 | 200,000 | 150,000 | - | - | - | - | - | |
44 |
1.9m | 1.8m | 1.3m | 1.5m | 1.2m | 600,643 | 1.1m | 1.2m | 565,688 | 388,714 | 688,777 | 1.0m | 720,521 | 1.0m | 651,723 | 700,701 | 1.1m | 640,496 | 623,031 | 493,404 | |
440/4 |
1.9m | 1.8m | 1.3m | 1.5m | 1.2m | 600,643 | 1.1m | 1.2m | 565,688 | 388,714 | 688,777 | 1.0m | 720,521 | 1.0m | 651,723 | 700,701 | 1.1m | 640,496 | 623,031 | 493,404 | |
46 |
2.0m | 1.4m | 1.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
45 |
1.2m | 1.2m | 1.2m | 864,348 | 974,984 | 813,387 | 558,948 | 439,364 | 374,580 | 578,286 | 584,206 | 549,009 | 288,993 | 231,876 | 214,348 | 117,038 | 109,926 | 119,423 | 84,536 | 86,148 | |
450/3 |
107,886 | 96,541 | 73,036 | 53,956 | 242,085 | 164,659 | 4,366 | 13,053 | 23,676 | 249,092 | 295,526 | 296,779 | 74,627 | 53,005 | 74,924 | 3,141 | 961 | 22,957 | 26,898 | 17,461 | |
454/9 |
1.1m | 1.1m | 1.1m | 810,392 | 732,899 | 648,729 | 554,583 | 426,311 | 350,904 | 329,194 | 288,680 | 252,230 | 214,366 | 178,871 | 139,424 | 113,897 | 108,965 | 96,465 | 57,639 | 68,687 | |
47/48 |
100,000 | 2.8m | 143,654 | 143,654 | 143,654 | 143,654 | 603,927 | 270,471 | 221,516 | 188,724 | 139,350 | 266,210 | 313,265 | 20,737 | - | 134,053 | 171,925 | 613,705 | 353,098 | 250,000 | |
492/3 |
22,944 | 27,937 | 77,426 | 119,860 | 109,121 | 244,376 | 28,439 | 23,429 | 60,987 | 118,186 | 134,035 | 11,551 | 339,726 | 107,625 | 24,279 | 5,000 | 131,994 | 260,527 | 67,361 | 49,655 | |
| Income statement | |||||||||||||||||||||
70/76A |
25.1m | 25.4m | 22.7m | 20.6m | 15.7m | 11.0m | 14.3m | 11.7m | - | - | - | - | - | - | - | - | - | - | - | - | |
70 |
24.6m | 24.3m | 23.3m | 19.7m | 16.1m | 11.2m | 13.4m | 11.1m | - | - | - | - | - | - | - | - | - | - | - | - | |
71 |
-573,590 | 139,932 | -1.6m | 155,425 | -707,641 | -589,258 | 672,238 | 564,653 | - | - | - | - | - | - | - | - | - | - | - | - | |
72 |
622,645 | 365,406 | 389,021 | 272,137 | 79,565 | - | 150,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
74 |
494,840 | 571,895 | 624,878 | 413,180 | 187,990 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
76A |
11,694 | 3,347 | 11,255 | 3,843 | 2,536 | 27,793 | 303 | 4,992 | 7,392 | 91,890 | 2,692 | 785 | 250 | 3,781 | - | 6,573 | 8,326 | - | 7,383 | 1,000 | |
9900 |
- | - | - | - | - | - | - | - | 3.9m | 3.6m | 3.2m | 3.1m | 2.8m | 2.1m | 1.6m | 1.5m | 1.4m | 1.5m | 1.1m | 1.1m | |
60/66A |
22.7m | 22.9m | 21.0m | 19.4m | 14.6m | 11.9m | 14.1m | 11.3m | - | - | - | - | - | - | - | - | - | - | - | - | |
60 |
9.4m | 9.9m | 8.9m | 9.3m | 6.1m | 4.1m | 6.3m | 4.7m | - | - | - | - | - | - | - | - | - | - | - | - | |
600/8 |
9.4m | 9.9m | 8.8m | 9.6m | 6.3m | 4.2m | 6.3m | 4.6m | - | - | - | - | - | - | - | - | - | - | - | - | |
609 |
-47,804 | 4,667 | 75,453 | -245,232 | -194,944 | -33,666 | -50,000 | 112,570 | - | - | - | - | - | - | - | - | - | - | - | - | |
61 |
4.1m | 4.1m | 3.6m | 3.3m | 2.6m | 2.2m | 2.2m | 2.2m | - | - | - | - | - | - | - | - | - | - | - | - | |
62 |
8.4m | 8.2m | 8.0m | 6.3m | 5.4m | 4.9m | 5.1m | 3.9m | 3.3m | 3.3m | 2.8m | 2.4m | 2.1m | 1.8m | 1.4m | 1.3m | 1.1m | 916,952 | 733,002 | 715,011 | |
630 |
604,794 | 593,303 | 496,556 | 387,794 | 336,607 | 400,860 | 371,673 | 397,562 | 400,752 | 357,150 | 229,894 | 219,314 | 166,028 | 144,676 | 148,293 | 73,543 | 59,128 | 61,003 | 54,496 | 49,588 | |
631/4 |
128,411 | 60,000 | 0 | 17,220 | 0 | 803 | -44,566 | 46,324 | -87,604 | - | - | 90,691 | - | - | - | - | - | - | - | - | |
640/8 |
58,272 | 73,733 | 51,183 | 64,108 | 51,585 | 32,046 | 48,815 | 47,394 | 41,095 | 23,976 | 25,772 | 22,708 | 18,977 | 18,851 | 19,470 | 7,722 | 9,537 | 15,763 | 4,209 | 3,893 | |
66A |
8,578 | 0 | 596 | - | 0 | 179,172 | - | - | 12,880 | - | 90,417 | 354 | 3,072 | 502 | - | 11,783 | - | - | 22,314 | 302 | |
9901 |
2.4m | 2.5m | 1.7m | 1.1m | 1.1m | -936,739 | 236,869 | 422,266 | 269,352 | -107,435 | 168,655 | 343,904 | 469,963 | 145,849 | 87,889 | 187,670 | 251,452 | 545,652 | 336,459 | 299,294 | |
75/76B |
50,298 | 55,400 | 54,574 | 34,303 | 5,183 | 5,260 | 13,047 | 11,447 | 4,685 | 104,172 | 29,031 | 34,528 | 3,423 | 3,093 | 8,106 | 6,294 | 5,843 | 7,238 | 3,988 | 821 | |
75 |
50,298 | 55,400 | 54,574 | 34,303 | 5,183 | 5,260 | 6,107 | 6,455 | 4,685 | 12,282 | 29,031 | 34,528 | 3,423 | 3,093 | 8,106 | 6,294 | 5,843 | 7,238 | 3,988 | 821 | |
750 |
14,112 | 9,012 | 546 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
751 |
- | - | - | 0 | 52 | 1,550 | 3,367 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
752/9 |
36,186 | 46,388 | 54,028 | 34,303 | 5,131 | 3,709 | 2,741 | 6,455 | - | - | - | - | - | - | - | - | - | - | - | - | |
76B |
- | - | - | - | - | 0 | 6,940 | 4,992 | - | 91,890 | - | - | - | - | - | - | - | - | - | - | |
65/66B |
271,430 | 154,417 | 211,076 | 155,145 | 151,584 | 174,979 | 147,644 | 185,448 | 158,037 | 173,607 | 82,560 | 36,252 | 79,750 | 58,692 | 29,014 | 17,665 | 15,299 | 11,916 | 5,542 | 3,517 | |
65 |
271,430 | 154,417 | 211,076 | 155,145 | 151,584 | 174,979 | 147,644 | 185,448 | 158,037 | 173,607 | 82,560 | 36,252 | 79,750 | 58,692 | 29,014 | 17,665 | 15,299 | 11,916 | 5,542 | 3,517 | |
650 |
264,614 | 145,534 | 195,777 | 131,105 | 138,855 | 154,288 | 115,720 | 123,023 | - | - | - | - | - | - | - | - | - | - | - | - | |
651 |
- | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
652/9 |
6,817 | 8,883 | 15,299 | 24,039 | 12,729 | 20,691 | 31,924 | 62,426 | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
2.2m | 2.4m | 1.5m | 1.0m | 936,169 | -1.1m | 102,272 | 248,264 | 116,000 | -176,870 | 27,401 | 342,611 | 390,814 | 93,528 | 66,982 | 171,089 | 250,322 | 540,974 | 319,973 | 297,296 | |
67/77 |
617,202 | 666,076 | 440,830 | 312,053 | 124,280 | -61,226 | 82,208 | 100,000 | 24,821 | 361 | 23,891 | 145,925 | 69,913 | 79,636 | 8,576 | 38,179 | 61,470 | 66,875 | 58,063 | 47,677 | |
670/3 |
617,202 | 666,076 | 440,830 | 312,053 | 124,280 | 5,000 | 82,208 | 100,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
77 |
- | - | - | - | 0 | 66,226 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9904 |
1.6m | 1.7m | 1.1m | 702,447 | 811,889 | -1.0m | 20,064 | 148,264 | 91,179 | -177,231 | 3,509 | 196,686 | 320,900 | 13,892 | 58,406 | 132,910 | 188,852 | 474,099 | 261,910 | 249,619 | |
9905 |
1.6m | 1.7m | 1.1m | 702,447 | 811,889 | -1.0m | 20,064 | 148,264 | 91,179 | -177,231 | 3,509 | 196,686 | 320,900 | 13,892 | 58,406 | 132,910 | 188,852 | 474,099 | 261,910 | 249,619 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
2.2m | 3.4m | 1.8m | 706,549 | -45,899 | -857,788 | 187,444 | 167,380 | 308,309 | 217,130 | 394,360 | 390,851 | 444,165 | 123,264 | 109,373 | 180,967 | 218,057 | 534,205 | 310,106 | 298,196 | |
14P |
599,586 | 1.7m | 671,426 | 4,101 | -857,788 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | 0 | 50,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
792 |
- | - | - | 0 | 50,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
0 | 0 | 54,001 | 35,122 | - | - | - | - | 289,193 | - | - | - | - | - | - | - | - | - | - | - | |
6920 |
0 | 0 | 54,001 | 35,122 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | - | - | - | 289,193 | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
0 | 2.8m | - | - | - | - | - | - | - | - | - | - | 250,000 | - | - | 130,000 | 170,000 | 505,000 | 250,000 | 250,000 | |
694 |
0 | 2.8m | - | - | - | - | - | - | - | - | - | - | - | - | - | 45,000 | 100,000 | 150,000 | 100,000 | 100,000 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | 250,000 | - | - | 85,000 | 70,000 | 355,000 | 150,000 | 150,000 | |
| Social balance sheet | |||||||||||||||||||||
9087 |
103.9 | 109 | 103.8 | 91.2 | 84.1 | 79.5 | 76.6 | 59.1 | 51.6 | 53.1 | 48.7 | 45.7 | 37.3 | 32.1 | 24.2 | 23.3 | 20.2 | 17.7 | 13.8 | 14.1 | |
Men (FTE)1003 |
96.6 | 96.8 | 97.2 | 85.7 | 76.8 | 73.8 | 70.9 | 54.8 | - | - | - | - | - | - | - | - | - | - | - | - | |
Women (FTE)1003 |
7.3 | 8.6 | 6.6 | 5.5 | 4.8 | 5.7 | 5.7 | 4.3 | - | - | - | - | - | - | - | - | - | - | - | - | |
Agency workers1501 |
- | 0.4 | 0.5 | 0.3 | 0.5 | 0.1 | 1.5 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
171,051 | 176,756 | 172,995 | 152,330 | 138,479 | 123,654 | 136,195 | 103,337 | 88,844 | 90,124 | 80,400 | 70,805 | 62,480 | 53,780 | 41,317 | 39,038 | 33,728 | 30,387 | 24,117 | 24,290 | |
| Document | |||||||||||||||||||||
The accounts for 27 older financial years (1979-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 85 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 25-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 25-06-2026 | 2026-00206003 | |
| 31-12-2024 | full format | 09-09-2025 | 2025-00488370 | |
| 31-12-2023 | full format | 24-06-2024 | 2024-00173123 | |
| 31-12-2022 | full format | 19-06-2023 | 2023-00141593 | |
| 31-12-2021 | full format | 21-06-2022 | 2022-20083173 | |
| 31-12-2020 | full format | 29-07-2021 | 2021-43100552 | |
| 31-12-2019 | full format | 30-07-2020 | 2020-37200243 | |
| 31-12-2018 | full format | 12-08-2019 | 2019-45500325 | |
| 31-12-2017 | abbreviated format | 21-09-2018 | 2018-63900562 | |
| 31-12-2016 | abbreviated format | 31-07-2017 | 2017-37600409 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-57400551 | |
| 31-12-2014 | abbreviated format | 17-08-2015 | 2015-43200295 | |
| 31-12-2013 | abbreviated format | 30-07-2014 | 2014-35900329 | |
| 31-12-2012 | abbreviated format | 30-07-2013 | 2013-36200170 | |
| 31-12-2011 | abbreviated format | 24-08-2012 | 2012-44500596 | |
| 31-12-2010 | abbreviated format | 20-06-2011 | 2011-17800439 | |
| 31-12-2009 | abbreviated format | 29-07-2010 | 2010-35300236 | |
| 31-12-2008 | abbreviated format | 26-06-2009 | 2009-29900028 | |
| 31-12-2007 | abbreviated format | 30-07-2008 | 2008-48800109 | |
| 31-12-2006 | abbreviated format | 23-08-2007 | 2007-59100343 | |
| 31-12-2005 | abbreviated format | 29-06-2006 | 2006-37002367 | |
| 31-12-2004 | abbreviated format | 01-07-2005 | 2005-39702112 | |
| 31-12-2003 | abbreviated format | 29-06-2004 | 2004-34503173 | |
| 31-12-2002 | abbreviated format | 13-05-2003 | 2003-14005152 | |
| 31-12-2001 | abbreviated format | 08-05-2002 | 2002-11802055 | |
| 31-12-2000 | abbreviated format | 07-03-2001 | 2001-05804395 | |
| 31-12-1999 | abbreviated format | 14-03-2000 | 2000-06500936 | |
| 31-12-1998 | abbreviated format | 26-03-1999 | 1999-06100280 | |
| 31-12-1997 | abbreviated format | 16-03-1998 | 1998-04502779 | |
| 31-12-1996 | abbreviated format | 12-05-1997 | 1997-07303356 | |
| 31-12-1995 | abbreviated format | 15-03-1996 | 1996-04100101 | |
| 31-12-1994 | abbreviated format | 03-04-1995 | 1995-05101277 | |
| 31-12-1993 | abbreviated format | 08-04-1994 | 1994-06101361 | |
| 31-12-1992 | abbreviated format | 16-03-1993 | 1993-03700048 | |
| 31-12-1991 | abbreviated format | 26-03-1992 | 1992-03303612 | |
| 31-12-1990 | abbreviated format | 03-04-1991 | 1991-03405060 | |
| 31-12-1989 | abbreviated format | 19-03-1990 | 1990-02102174 | |
| 31-12-1988 | abbreviated format | 21-03-1989 | 1989-01903943 | |
| 31-12-1987 | abbreviated format | 23-03-1988 | 1988-01802218 | |
| 31-12-1986 | abbreviated format | 04-03-1987 | 1987-02801869 | |
| 31-12-1985 | abbreviated format | 25-03-1986 | 1986-03302362 | |
| 31-12-1984 | full format | 02-05-1985 | 1985-03101436 | |
| 31-12-1983 | unclassified schema | 26-03-1984 | 1984-01202172 | |
| 31-12-1982 | unclassified schema | 18-05-1983 | 1983-03000412 | |
| 31-12-1981 | unclassified schema | 01-04-1982 | 1982-01202125 | |
| 31-12-1980 | unclassified schema | 27-03-1981 | 1981-01002210 | |
| 31-12-1979 | unclassified schema | 21-03-1980 | 1980-00901958 |
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €10,224 | €10,315 |
| 2024 | 4 | €12,719 | €11,624 |
| 2023 | 3 | €17,952 | €18,214 |
| 2022 | 3 | €18,903 | €18,634 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.0m | 3.1m | 2.2m | 1.5m | 1.4m | -535,879 | 608,542 | 819,827 | 670,104 | 249,715 | 398,549 | 563,218 | 635,992 | 290,525 | 236,183 | 261,213 | 310,580 | 606,655 | 390,955 | 348,882 | ||
| 2.2m | 2.3m | 1.6m | 1.1m | 1.1m | -644,372 | 391,736 | 545,826 | 491,931 | 179,919 | 233,403 | 416,000 | 486,929 | 158,568 | 206,699 | 206,454 | 247,979 | 535,102 | 316,406 | 299,208 | ||
| 1.2m | 675,450 | 1.2m | 953,382 | 298,191 | 357,439 | 600,761 | 314,469 | 360,428 | 240,954 | 763,055 | 413,530 | 216,965 | 224,446 | 300,202 | 169,648 | 48,359 | 100,633 | 42,654 | 54,957 | ||
| 331,486 | -484,744 | -1.1m | -130,340 | -310,976 | 1.4m | 376,640 | 358,385 | 193,028 | -201,009 | 71,757 | 87,070 | -58,826 | 257,897 | -327,446 | 249,832 | -349,254 | 380,474 | 44,823 | - | ||
| 1.6m | 659,363 | 2.9m | 2.3m | 2.7m | 2.5m | 2.0m | 1.6m | 933,847 | 732,551 | 1.1m | 1.5m | 1.5m | 1.3m | 754,466 | 689,381 | 372,012 | 411,770 | 294,510 | 257,358 | ||
| 9.8% | 10.2% | 7.2% | 5.8% | 6.7% | -8.3% | 1.8% | 3.8% | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 29.5% | 19.4% | 31.4% | 21.8% | 16.3% | 8.1% | 8.3% | 9.5% | 9.5% | 8.8% | 11.9% | 12.9% | 11.7% | 10.5% | 15.3% | 14.7% | 14.7% | 13.4% | 19.8% | 23.0% | ||
| 1.19 | 1.08 | 1.54 | 1.38 | 1.49 | 1.47 | 1.36 | 1.34 | 1.25 | 1.22 | 1.39 | 1.58 | 1.88 | 1.79 | 1.68 | 1.68 | 1.27 | 1.30 | 1.27 | 1.30 | ||
| 0.93 | 0.82 | 1.15 | 1.01 | 1.15 | 1.01 | 0.81 | 0.86 | 0.77 | 0.72 | 0.80 | 0.98 | 1.26 | 1.33 | 1.25 | 1.48 | 1.13 | 1.16 | 0.94 | 1.20 | ||
| 2.39 | 4.16 | 2.19 | 3.59 | 5.15 | 11.33 | 11.08 | 9.51 | 9.57 | 10.39 | 7.23 | 6.77 | 7.52 | 8.53 | 5.52 | 5.79 | 5.79 | 6.47 | 4.05 | 3.35 | ||
| 41.3% | 77.3% | 32.7% | 31.6% | 53.3% | -147.1% | 2.8% | 21.6% | 17.0% | -39.7% | 0.6% | 31.7% | 75.8% | 3.9% | 17.3% | 47.5% | 68.2% | 183.6% | 90.6% | 90.0% | ||
| 12.2% | 15.0% | 10.2% | 6.9% | 8.7% | -11.9% | 0.2% | 2.1% | 1.6% | -3.5% | 0.1% | 4.1% | 8.9% | 0.4% | 2.6% | 7.0% | 10.0% | 24.6% | 17.9% | 20.7% | ||
| 11.37 | 21.14 | 11.10 | 11.62 | 10.22 | -3.47 | 5.26 | 6.66 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 95 days | 77 days | 73 days | 70 days | 92 days | 68 days | 84 days | 106 days | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 52 days | 47 days | 38 days | 43 days | 52 days | 35 days | 49 days | 65 days | - | - | - | - | - | - | - | - | - | - | - | - |
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 | 111 | 113 | 108 | 101 | 87 |
| full-time | 91 | 96 | 96 | 92 | 76 |
| part-time | 20 | 17 | 12 | 9 | 11 |
| in full-time equivalents | 105.8 | 109 | 105.8 | 98.8 | 84.1 |
| 103.9 | 105.4 | 103.8 | 91.2 | 81.6 | |
| On a permanent contract | 110 | 113 | 108 | 101 | 87 |
| Joined | 21 | 35 | 58 | 53 | 29 |
| Left | 23 | 30 | 51 | 39 | 24 |
| Agency workers, average number | - | 0.4 | 0.5 | 0.3 | 0.5 |
| Training hours | 2,619 | 3,955 | 1,943 | 952 | 1,461 |
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 | €1.1m | €1.3m | €2.4m | - | - |
| Debts guaranteed by Belgian public bodies | - | - | - | €2.3m | €2.7m |
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | - | - |
| €1.3m | €1.3m | €1.3m | - | - | |
| Carrying value of the mortgaged assets | €257,081 | €214,147 | €195,832 | - | - |
| €4.6m | €4.6m | €4.6m | - | - |
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 | €1.1m | €661,918 | €1.2m | €953,382 | €282,764 |
| Intangible fixed assets | €61,388 | €13,532 | - | - | €15,427 |
| €604,794 | €593,303 | €496,556 | €387,794 | €336,607 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The auditor is PKF Bofidi Audit.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €12,896 | €12,500 | €12,500 | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is 3% lower than in 2024.
Debt's share of the balance-sheet total falls from 80.6% to 70.5%. Equity is higher and debt is lower.
Deed of 10-09-2026Reappointment: PKF Bofidi Audit (statutory auditor)Permanent representative: Jeroen Rans · General meeting of 19-06-2026
Source: lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of TECHNICAL MANAGEMENT & HOLDING. Every holding stands with its own latest accounts.
The connected companies are in the list below.
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 |
|---|---|---|
| TEGEMAN registered office Diamantstraat 3, 2200 Herentals 25530 Machining of metals | 28-05-1986 | 2.037.223.593 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13027A0023/00D000 | 6,070 m² | 1 · 1,525 m² | 7.1 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 0418.095.932
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