TECHNO COATING
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-274k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
8 d late
2022
4 d early
2021
96 d late
2020
171 d early
2019
21 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€1.10M▼ 3.6%
2023 · €1.14M
EBIT margin
-20.1%▼ 15.4pp
2023 · -4.7%
Net result
€-274k▼ 189%
2023 · €-95k
Working capital
€-1.20M▼ 8.4%
2023 · €-1.11M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.43M€1.41M▼ 1.2%€1.14M▼ 19.2%€1.10M▼ 3.6%
Operating result€300k▲ 200%€200k▼ 33.5%€105k▼ 47.6%€-54k€-221k▼ 310%
Net result€214k▲ 224%€129k▼ 39.8%€59k▼ 54.4%€-95k€-274k▼ 189%
EBIT margin14.0%7.4%▼ 6.6pp-4.7%▼ 12.1pp-20.1%▼ 15.4pp
Equity€513k▲ 71.6%€642k▲ 25.1%€701k▲ 9.2%€606k▼ 13.5%€332k▼ 45.2%
Total assets€1.54M▼ 2.1%€1.46M▼ 5.5%€3.14M▲ 116%€2.01M▼ 35.9%€1.68M▼ 16.6%
Debt€1.03M▼ 19.4%€814k▼ 20.8%€2.44M▲ 200%€1.40M▼ 42.4%€1.33M▼ 5.5%
Working capital€237k▲ 362%€113k▼ 52.2%€-1.01M€-1.11M▼ 9.5%€-1.20M▼ 8.4%
Staff (FTE)6.3▲ 271%6.8▲ 7.9%6.3▼ 7.4%5.9▼ 6.3%5.8▼ 1.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €221k in 2024 against €54k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.68M
Fixed assets
€1.55M ▼ 9.8%
Current assets
€124k ▼ 57.2%
Equity and liabilities €1.68M
Equity
€332k ▼ 45.2%
Provisions
€17k
Debt
€1.33M ▼ 5.5%
Debt's share of the balance-sheet total rises from 69.9% to 79.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€28k▼
2023 · €128k
Cash flow
€-24k▼
2023 · €87k
Current ratio
0.09▼
2023 · 0.21
Quick ratio
0.05▼
2023 · 0.14
Debt to equity
3.99▲
2023 · 2.32
ROE
-82.3%▼
2023 · -15.6%
ROA
-16.3%▼
2023 · -4.7%
Interest coverage
0.54▼
2023 · 3.09
Debt ≤ 1 year
€1.32M▼
2023 · €1.40M
Staff costs
€352k▲
2023 · €303k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.43M | €1.42M | €1.15M | €1.10M | ▼ 4.0% |
| Turnover70 | - | €1.43M | €1.41M | €1.14M | €1.10M | ▼ 3.6% |
| Other operating income74 | - | €4k | €3k | €6k | €2k | ▼ 73.8% |
| Non-recurring operating income76A | - | - | €5k | - | - | - |
| Operating charges60/66A | - | €1.23M | €1.32M | €1.20M | €1.32M | ▲ 10.1% |
| Goods for resale, raw materials and consumables60 | - | €271k | €190k | €189k | €164k | ▼ 13.3% |
| Purchases600/8 | - | €218k | €187k | €176k | €155k | ▼ 12.1% |
| Change in stocks: decrease (increase)609 | - | €54k | €2k | €12k | €8k | ▼ 31.2% |
| Services and other goods61 | - | €302k | €531k | €509k | €512k | ▲ 0.6% |
| Remuneration, social security and pensions62 | - | €334k | €349k | €303k | €352k | ▲ 16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €250k | €287k | €231k | €182k | €249k | ▲ 36.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €26k | €136 | €18k | €28k | ▲ 55.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €17k | - |
| Other operating charges640/8 | - | €13k | €75 | - | - | - |
| Non-recurring operating charges66A | - | €1k | €15k | - | - | - |
| Gross operating margin9900 | €848k | - | - | - | - | - |
| Operating profit (loss)9901 | €300k | €200k | €105k | €-54k | €-221k | ▼ 310% |
| Financial income75/76B | - | - | €9 | €2k | - | - |
| Recurring financial income75 | €0 | - | €9 | €2k | - | - |
| Income from current assets751 | - | - | - | €2k | - | - |
| Other financial income752/9 | - | - | €9 | - | - | - |
| Financial charges65/66B | - | €11k | €42k | €42k | €53k | ▲ 25.8% |
| Recurring financial charges65 | €14k | €11k | €42k | €42k | €53k | ▲ 25.8% |
| Debt charges650 | - | €11k | €42k | €42k | €52k | ▲ 25.3% |
| Other financial charges652/9 | - | €27 | €60 | €376 | €677 | ▲ 80.1% |
| Profit (loss) for the period before taxes9903 | €286k | €189k | €63k | €-93k | €-274k | ▼ 193% |
| Income taxes67/77 | €72k | €60k | €4k | €1k | - | - |
| Taxes670/3 | - | €60k | €16k | €1k | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | €12k | - | - | - |
| Profit (loss) for the period9904 | €214k | €129k | €59k | €-95k | €-274k | ▼ 189% |
| Profit (loss) for the period to be appropriated9905 | €214k | €129k | €59k | €-95k | €-274k | ▼ 189% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.54M | €1.46M | €3.14M | €2.01M | €1.68M | ▼ 16.6% |
| Fixed assets21/28 | €951k | €994k | €1.77M | €1.72M | €1.55M | ▼ 9.8% |
| Tangible fixed assets22/27 | €951k | €994k | €1.77M | €1.72M | €1.55M | ▼ 9.8% |
| Plant, machinery and equipment23 | - | €766k | €672k | €1.43M | €1.26M | ▼ 12.0% |
| Furniture and vehicles24 | - | €25k | €16k | €9k | €4k | ▼ 54.6% |
| Leasing and similar rights25 | - | €84k | €6k | - | - | - |
| Other tangible fixed assets26 | - | €119k | €314k | €280k | €237k | ▼ 15.4% |
| Assets under construction and advance payments27 | - | - | €765k | - | €52k | - |
| Current assets29/58 | €589k | €461k | €1.37M | €290k | €124k | ▼ 57.2% |
| Stocks and contracts in progress3 | €201k | €121k | €119k | €89k | €53k | ▼ 40.7% |
| Stocks30/36 | - | €121k | €119k | €89k | €53k | ▼ 40.7% |
| Raw materials and consumables30/31 | - | €121k | €119k | €89k | €53k | ▼ 40.7% |
| Amounts receivable within one year40/41 | €167k | €134k | €1.25M | €197k | €71k | ▼ 63.7% |
| Trade receivables40 | - | €126k | €92k | €60k | €44k | ▼ 26.2% |
| Other amounts receivable41 | - | €8k | €1.16M | €136k | €27k | ▼ 80.3% |
| Cash at bank and in hand54/58 | €217k | €206k | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | - | €4k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.54M | €1.46M | €3.14M | €2.01M | €1.68M | ▼ 16.6% |
| Equity10/15 | €513k | €642k | €701k | €606k | €332k | ▼ 45.2% |
| Contributions10/11 | €125k | €125k | €125k | €125k | €125k | = |
| Capital10 | - | €125k | €125k | €125k | €125k | = |
| Issued capital100 | - | €125k | €125k | €125k | €125k | = |
| Reserves13 | €13k | €13k | €13k | €13k | €13k | = |
| Non-distributable reserves130/1 | - | €13k | €13k | €13k | €13k | = |
| Legal reserve130 | - | €13k | €13k | €13k | €13k | = |
| Profit (loss) carried forward14 | €376k | €504k | €563k | €469k | €195k | ▼ 58.4% |
| Provisions and deferred taxes16 | - | - | - | - | €17k | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €17k | - |
| Other liabilities and charges164/5 | - | - | - | - | €17k | - |
| Amounts payable17/49 | €1.03M | €814k | €2.44M | €1.40M | €1.33M | ▼ 5.5% |
| Amounts payable after more than one year17 | €676k | €466k | €61k | €4k | - | - |
| Financial debts170/4 | - | €466k | €61k | €4k | - | - |
| Leasing and similar obligations172 | - | €164k | €61k | €4k | - | - |
| Credit institutions173 | - | €302k | - | - | - | - |
| Amounts payable within one year42/48 | €351k | €348k | €2.38M | €1.40M | €1.32M | ▼ 5.2% |
| Current portion of amounts payable after more than one year42 | - | €205k | €2.10M | €57k | - | - |
| Trade debts44 | €71k | €106k | €236k | €78k | €169k | ▲ 116% |
| Suppliers440/4 | - | €106k | €236k | €78k | €169k | ▲ 116% |
| Taxes, remuneration and social security45 | - | €36k | €38k | €23k | €24k | ▲ 2.6% |
| Taxes450/3 | - | €28k | €14k | €17k | - | - |
| Remuneration and social security454/9 | - | €8k | €24k | €6k | €24k | ▲ 281% |
| Other amounts payable47/48 | - | - | - | €1.24M | €1.13M | ▼ 8.6% |
| Accrued charges and deferred income492/3 | - | - | - | €5k | €4k | ▼ 19.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €214k | €129k | €59k | €-95k | €-274k | ▼ 189% |
| + Depreciation and write-downs630 | €250k | €287k | €231k | €182k | €249k | ▲ 36.9% |
| Operating cash flow (approximation) | €464k | €416k | €289k | €87k | €-24k | ▼ 128% |
| Investment in fixed assets (approximation) | - | €-330k | €-1.01M | €-131k | €-81k | ▲ 37.9% |
| Change in cash | - | €-11k | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
25-04
State Gazette act
Merger · Capital
Corporate purpose · Accounting effect
2024
31-12
Financial
Weakest financial yearnet €-274k
Net result drops to €-274k, the lowest in the series.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 8 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 96 days late
2021
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €214k ▲224%
Operating result €300k, net result €214k, both a record.
31-12
Financial
Equity above €500kEq €513k ▲71.6%
3 profitable years in a row build equity to €513k.
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 2 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:PAS
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 147 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 147 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)