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TECHNITEC

Active
Private limited companyfounded 20233 yrs activeKleurvinge 14, 8791 Waregem, BelgiumKBO/BCE: BE 0804.383.089
Summary

TECHNITEC has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €34,282 and a net result of €24,282. Its solvency ranks better than 67% of 466 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · fiscal year 2025, micro schema

Equity
€34,282
Total assets
€49,542
Net result
€24,282
Working capital
€33,649

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €49,542
Fixed assets €633
Current assets €48,909
Equity and liabilities €49,542
Equity €34,282
Debt €15,260
Debt finances 30.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€36,460
Cash flow
€24,649
Current ratio
3.21
Debt to equity
0.45
ROE
70.8%
ROA
49.0%
Interest coverage
486.13
Debt ≤ 1 year
€15,260
Income taxes
€11,751

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,471 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 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 39,278 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
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€49,542
Fixed assets21/28€633
Tangible fixed assets22/27€633
Furniture and vehicles24€633
Current assets29/58€48,909
Amounts receivable within one year40/41€8,657
Trade receivables40€3,493
Other amounts receivable41€5,164
Cash at bank and in hand54/58€40,252
Equity and liabilities
Total equity and liabilities10/49€49,542
Equity10/15€34,282
Contributions10/11€10,000
Reserves13€24,282
Distributable reserves133€24,282
Amounts payable17/49€15,260
Amounts payable within one year42/48€15,260
Trade debts44€2,950
Suppliers440/4€2,950
Taxes, remuneration and social security45€12,310
Taxes450/3€12,310
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€367
Other operating charges640/8€126
Gross operating margin9900€36,586
Operating profit (loss)9901€36,093
Financial income75/76B€15
Recurring financial income75€15
Financial charges65/66B€75
Recurring financial charges65€75
Profit (loss) for the period before taxes9903€36,033
Income taxes67/77€11,751
Profit (loss) for the period9904€24,282
Profit (loss) for the period to be appropriated9905€24,282
Appropriation of the result
Profit (loss) to be appropriated9906€24,282
Transfer to equity691/2€24,282
To other reserves6921€24,282

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€367
Other operating charges640/8€126
Gross operating margin9900€36,586
Operating profit (loss)9901€36,093
Financial income75/76B€15
Recurring financial income75€15
Financial charges65/66B€75
Recurring financial charges65€75
Profit (loss) for the period before taxes9903€36,033
Income taxes67/77€11,751
Profit (loss) for the period9904€24,282
Profit (loss) for the period to be appropriated9905€24,282
Line2025
Assets
Total assets20/58€49,542
Fixed assets21/28€633
Tangible fixed assets22/27€633
Furniture and vehicles24€633
Current assets29/58€48,909
Amounts receivable within one year40/41€8,657
Trade receivables40€3,493
Other amounts receivable41€5,164
Cash at bank and in hand54/58€40,252
Equity and liabilities
Total equity and liabilities10/49€49,542
Equity10/15€34,282
Contributions10/11€10,000
Reserves13€24,282
Distributable reserves133€24,282
Amounts payable17/49€15,260
Amounts payable within one year42/48€15,260
Trade debts44€2,950
Suppliers440/4€2,950
Taxes, remuneration and social security45€12,310
Taxes450/3€12,310
Line2025
Profit (loss) for the period9904€24,282
+ Depreciation and write-downs630€367
Operating cash flow (approximation)€24,649

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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