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TECHNO - SOL

Active
Public limited companyfounded 1996active for 30 yearsRue de Mons 40, 6030 Charleroi, BelgiumKBO/BCE: BE 0457.061.030

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 74 days after the deadline Filed on 13 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00562811.

Annual accounts 2025 filed on 13-10-2026 at the NBB all 29 filings

Turnover
≈ €170,000
Estimated: probably between €110,000 and €420,000
Total assets
€334,354▼ 9.5%
2024 · €369,463
Net result
-€45,311▼ 294%
2024 · -€11,496
Working capital
-€5,593
2024 · €41,275
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €39,310, larger than the loss of €84 in 2024. It is the lowest result since 2021.

Operating result-€39,310 2025 Net result-€45,311 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€61,005--€62,822-€41,739▲ 33.6%€5,243-€11,515€7,463-€84-€39,310▼ 46,922%
Net result€35,984--€73,095-€48,624below the sector's middle half▲ 33.5%€153below the sector's middle half-€18,557below the sector's middle half€42below the sector's middle half-€11,496below the sector's middle half-€45,311below the sector's middle half▼ 294%
Equity€209,401-€136,306▼ 34.9%€87,682within the sector's middle half▼ 35.7%€87,835within the sector's middle half▲ 0.2%€69,278within the sector's middle half▼ 21.1%€69,319within the sector's middle half▲ 0.1%€57,823within the sector's middle half▼ 16.6%€12,512below the sector's middle half▼ 78.4%
Total assets€891,584-€571,260▼ 35.9%€345,482above the sector's middle half▼ 39.5%€357,213above the sector's middle half▲ 3.4%€400,014above the sector's middle half▲ 12.0%€373,434above the sector's middle half▼ 6.6%€369,463above the sector's middle half▼ 1.1%€334,354within the sector's middle half▼ 9.5%
Debt€682,183-€434,954▼ 36.2%€257,800▼ 40.7%€269,378▲ 4.5%€330,736▲ 22.8%€304,115▼ 8.0%€311,640▲ 2.5%€321,842▲ 3.3%
Working capital€311,342-€80,617▼ 74.1%€62,428within the sector's middle half▼ 22.6%€64,139within the sector's middle half▲ 2.7%€45,827within the sector's middle half▼ 28.5%€50,977within the sector's middle half▲ 11.2%€41,275within the sector's middle half▼ 19.0%-€5,593below the sector's middle half
Solvency23.5%-23.9%▲ 0.4pp25.4%within the sector's middle half▲ 1.5pp24.6%within the sector's middle half▼ 0.8pp17.3%below the sector's middle half▼ 7.3pp18.6%below the sector's middle half▲ 1.2pp15.7%below the sector's middle half▼ 2.9pp3.7%below the sector's middle half▼ 11.9pp
Current ratio1.61-1.20▼ 0.401.27within the sector's middle half▲ 0.071.26within the sector's middle half▼ 0.011.14within the sector's middle half▼ 0.111.17within the sector's middle half▲ 0.031.13within the sector's middle half▼ 0.040.98below the sector's middle half▼ 0.15
Return on assets (ROA)4.0%--12.8%▼ 16.8pp-14.1%below the sector's middle half▼ 1.3pp0.0%below the sector's middle half▲ 14.1pp-4.6%below the sector's middle half▼ 4.7pp0.0%below the sector's middle half▲ 4.7pp-3.1%below the sector's middle half▼ 3.1pp-13.6%below the sector's middle half▼ 10.4pp
Staff (FTE)1-0.2▼ 80.0%
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.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €334,354
Fixed assets €18,105 ▼ 6.1%
Current assets €316,249 ▼ 9.7%
Equity and liabilities €334,354
Equity €12,512 ▼ 78.4%
Debt €321,842 ▲ 3.3%
Debt's share of the balance-sheet total rises from 84.3% to 96.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€38,126▼
2024 · €1,162
Cash flow
-€44,127▼
2024 · -€10,251
Quick ratio
0.63▼
2024 · 0.77
Debt to equity
25.72▲
2024 · 5.39
ROE
-362.1%▼
2024 · -19.9%
Interest coverage
-5.10▼
2024 · 0.10
Debt ≤ 1 year
€321,842▲
2024 · €308,900
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as TECHNO - SOL: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €279,000 and €403,000, founded between 1991 and 1998.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
TECHNO - SOL Charleroi1996€334,354€12,512€13,426-€45,3112025
Bedrijf Wim Van Laer Zandhoven1994€299,728€252,620€14,741€9572025
Van der Borght Begijnendijk1994€294,424€292,673€12,561-€1,2532025
DAKWERKEN COUSSEE Wetteren1992€322,681€13,102€13,901-€22,7122025
BERNARD GILLET Genappe1998€303,943€180,262€15,326-€45,7622026
LUMAR VLOERONDERNEMING Buggenhout1997€402,566€83,579€16,578-€33,5952025
AANNEMINGEN WILMAR Sint-Niklaas1991€279,329€88,556€12,059-€4,5392025

They were chosen from the 7,010 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 540 companies had the same profile as TECHNO - SOL has now. Two years later, 5.2% had gone bankrupt and 85.9% were still going.

  • Micro
  • 20 years or older
  • solvency under 10%
  • a loss of 10% of the balance sheet or more
5.2% went bankrupt
8.3% stopped otherwise
85.9% was still going

Another 0.6% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of TECHNO - SOL itself: 3.2% within 12 months.

Test of the method

The method was tested on the 497,445 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 540 companies, not a prediction for TECHNO - SOL. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines

Source: Annual accounts 2025 at the NBB, filed on 13-10-2026.

Balance sheet Code20242025
Assets
Total assets20/58€369,463€334,354▼
Fixed assets21/28€19,289€18,105▼
Tangible fixed assets22/27€2,889€1,705▼
Plant, machinery and equipment23€2,657€1,705▼
Furniture and vehicles24€232-
Financial fixed assets28€16,400€16,400=
Current assets29/58€350,175€316,249▼
Stocks and contracts in progress3€111,500€112,000▲
Stocks30/36€111,500€112,000▲
Amounts receivable within one year40/41€237,811€201,735▼
Trade receivables40€217,054€179,486▼
Other amounts receivable41€20,757€22,249▲
Cash at bank and in hand54/58€864€2,414▲
Deferred charges and accrued income490/1-€100
Equity and liabilities
Total equity and liabilities10/49€369,463€334,354▼
Equity10/15€57,823€12,512▼
Contributions10/11€112,000€112,000=
Capital10€112,000€112,000=
Issued capital100€112,000€112,000=
Reserves13€64,200€64,200=
Non-distributable reserves130/1€11,200€11,200=
Legal reserve130€11,200€11,200=
Distributable reserves133€53,000€53,000=
Profit (loss) carried forward14-€118,377-€163,688▼
Amounts payable17/49€311,640€321,842▲
Amounts payable within one year42/48€308,900€321,842▲
Financial debts43€87,313€89,779▲
Credit institutions430/8€87,313€89,779▲
Trade debts44€30,447€43,108▲
Suppliers440/4€30,447€43,108▲
Taxes, remuneration and social security45€10,747€241▼
Taxes450/3€10,747€241▼
Other amounts payable47/48€180,394€188,714▲
Accrued charges and deferred income492/3€2,741-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,245€1,184▼
Other operating charges640/8-€51,552
Gross operating margin9900€1,162€13,426▲
Operating profit (loss)9901-€84-€39,310▼
Financial income75/76B-€1,469
Recurring financial income75-€1,469
Financial charges65/66B€11,413€7,470▼
Recurring financial charges65€11,413€7,470▼
Profit (loss) for the period before taxes9903-€11,496-€45,311▼
Profit (loss) for the period9904-€11,496-€45,311▼
Profit (loss) for the period to be appropriated9905-€11,496-€45,311▼
Appropriation of the result
Profit (loss) to be appropriated9906-€118,377-€163,688▼
Profit (loss) brought forward from the previous period14P-€106,881-€118,377▼

The notes to these accounts have 5 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.

Line20182019202020212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,536€20,701€9,982€8,163€6,350€5,786€1,245€1,184▼ 4.9%
Other operating charges640/8---€3,449€3,097€10,416-€51,552-
Gross operating margin9900€138,420-€25,976-€7,549€16,855-€2,069€23,665€1,162€13,426▲ 12×
Operating profit (loss)9901€61,005-€62,822-€41,739€5,243-€11,515€7,463-€84-€39,310▼ 46,922%
Financial income75/76B---€413€22€520-€1,469-
Recurring financial income75€368€1,239€59€413€22€520-€1,469-
Financial charges65/66B---€5,504€7,064€7,942€11,413€7,470▼ 34.5%
Recurring financial charges65€10,822€12,155€6,944€5,504€7,064€7,942€11,413€7,470▼ 34.5%
Profit (loss) for the period before taxes9903€50,551-€73,738-€48,624€153-€18,557€42-€11,496-€45,311▼ 294%
Income taxes67/77€14,567-€643-------
Profit (loss) for the period9904€35,984-€73,095-€48,624€153-€18,557€42-€11,496-€45,311▼ 294%
Profit (loss) for the period to be appropriated9905€35,984-€73,095-€48,624€153-€18,557€42-€11,496-€45,311▼ 294%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€891,584€571,260€345,482€357,213€400,014€373,434€369,463€334,354▼ 9.5%
Fixed assets21/28€66,615€92,211€52,930€44,578€34,274€20,534€19,289€18,105▼ 6.1%
Tangible fixed assets22/27€50,551€75,806€36,340€28,178€17,874€4,134€2,889€1,705▼ 41.0%
Plant, machinery and equipment23---€17,269€8,062€3,610€2,657€1,705▼ 35.8%
Furniture and vehicles24---€2,160€1,858€525€232--
Other tangible fixed assets26---€8,749€7,954----
Financial fixed assets28€16,064€16,405€16,590€16,400€16,400€16,400€16,400€16,400=
Current assets29/58€824,969€479,049€292,552€312,635€365,740€352,900€350,175€316,249▼ 9.7%
Stocks and contracts in progress3€314,369€33,140€109,640€122,520€129,520€114,000€111,500€112,000▲ 0.4%
Stocks30/36---€107,520€129,520€114,000€111,500€112,000▲ 0.4%
Contracts in progress37---€15,000-----
Amounts receivable within one year40/41€413,801€357,204€152,928€187,797€235,637€238,152€237,811€201,735▼ 15.2%
Trade receivables40---€167,041€214,874€217,395€217,054€179,486▼ 17.3%
Other amounts receivable41---€20,757€20,763€20,757€20,757€22,249▲ 7.2%
Current investments50/53-----€664---
Cash at bank and in hand54/58€8,425€11,999€4,540€2,317€437-€864€2,414▲ 180%
Deferred charges and accrued income490/1----€146€84-€100-
Equity and liabilities
Total equity and liabilities10/49€891,584€571,260€345,482€357,213€400,014€373,434€369,463€334,354▼ 9.5%
Equity10/15€209,401€136,306€87,682€87,835€69,278€69,319€57,823€12,512▼ 78.4%
Contributions10/11€112,000€112,000€112,000€112,000€112,000€112,000€112,000€112,000=
Capital10---€112,000€112,000€112,000€112,000€112,000=
Issued capital100---€112,000€112,000€112,000€112,000€112,000=
Reserves13€94,200€64,200€64,200€64,200€64,200€64,200€64,200€64,200=
Non-distributable reserves130/1---€11,200€11,200€11,200€11,200€11,200=
Legal reserve130---€11,200€11,200€11,200€11,200€11,200=
Distributable reserves133---€53,000€53,000€53,000€53,000€53,000=
Profit (loss) carried forward14€3,201-€39,894-€88,518-€88,365-€106,922-€106,881-€118,377-€163,688▼ 38.3%
Amounts payable17/49€682,183€434,954€257,800€269,378€330,736€304,115€311,640€321,842▲ 3.3%
Amounts payable after more than one year17€161,573€35,691€26,887€17,874€8,649----
Financial debts170/4---€17,874€8,649----
Amounts payable within one year42/48€513,627€398,433€230,124€248,496€319,913€301,924€308,900€321,842▲ 4.2%
Current portion of amounts payable after more than one year42---€9,013€9,226€8,649---
Financial debts43---€88,331€89,565€89,837€87,313€89,779▲ 2.8%
Credit institutions430/8---€88,331€89,565€89,837€87,313€89,779▲ 2.8%
Trade debts44€308,410€256,467€55,166€67,222€64,441€36,354€30,447€43,108▲ 41.6%
Suppliers440/4---€67,222€64,441€36,354€30,447€43,108▲ 41.6%
Advances received on contracts in progress46----€2,086----
Taxes, remuneration and social security45---€5,967€3,230€755€10,747€241▼ 97.8%
Taxes450/3---€5,967€3,230€755€10,747€241▼ 97.8%
Other amounts payable47/48---€77,964€151,365€166,329€180,394€188,714▲ 4.6%
Accrued charges and deferred income492/3---€3,007€2,175€2,191€2,741--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€35,984-€73,095-€48,624€153-€18,557€42-€11,496-€45,311▼ 294%
+ Depreciation and write-downs630€11,536€20,701€9,982€8,163€6,350€5,786€1,245€1,184▼ 4.9%
Operating cash flow (approximation)€47,520-€52,394-€38,642€8,315-€12,207€5,827-€10,251-€44,127▼ 330%
Investment in fixed assets (approximation)--€46,297€29,298€190€3,954€7,954€0€0▼ 100%
Change in cash-€3,574-€7,458-€2,223-€1,880--€1,551-

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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Latest 10 of 29 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 13-10-2026 2026-00562811 NBB
31-12-2024 micro format 10-10-2025 2025-00538443 PDF
31-12-2023 micro format 15-10-2024 2024-00506882 PDF
31-12-2022 micro format 30-11-2023 2023-00518896 PDF
31-12-2021 micro format 14-10-2022 2022-20464224 PDF
31-12-2020 micro format 31-08-2021 2021-62600269 PDF
31-12-2019 micro format 15-01-2021 2021-01100007 PDF
31-12-2018 micro format 10-10-2019 2019-69700280 PDF
31-12-2017 micro format 29-09-2018 2018-67600310 PDF
31-12-2016 micro format 30-09-2017 2017-65900384 PDF

Show all 29 filings

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