TECHNO-WEST
ActiveSummary
TECHNO-WEST has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54k and a net result of €16k. Equity is growing by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+75
Solvency100▲+12
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 4.83 against 4.29 in 2024; short-term debt: 15.6% and cash: 37.8% of total assets), and 22.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
77.1%
Return on assets
22.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
15 d early
2023
27 d early
2022
9 d early
2021
9 d early
2020
1 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€54k▲ 40.9%
2024 · €38k
2018: €40k
2019: €29k
2020: €33k
2021: €40k
2022: €37k
2023: €45k
2024: €38k
2018 → 2025
Total assets
€70k▲ 16.0%
2024 · €60k
2018: €65k
2019: €42k
2020: €43k
2021: €43k
2022: €42k
2023: €77k
2024: €60k
2018 → 2025
Net result
€16k
2024 · €-7k
2018: €5k
2019: €-11k
2020: €5k
2021: €7k
2022: €-3k
2023: €7k
2024: €-7k
2018 → 2025
Working capital
€41k▲ 51.4%
2024 · €27k
2018: €35k
2019: €23k
2020: €33k
2021: €40k
2022: €37k
2023: €42k
2024: €27k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€37k▼ 8.2%€45k▲ 20.2%€38k▼ 14.6%€54k▲ 40.9%
Operating result€7k-€-2k€8k€-3k€17k
Net result€7k-€-3k€7k€-7k€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17k after a loss of €3k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€17k ▼ 28.9%
Current assets
€52k ▲ 46.4%
Equity and liabilities €70k
Equity
€54k ▲ 40.9%
Debt
€16k ▼ 27.2%
Debt's share of the balance-sheet total falls from 36.6% to 22.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▲
2024 · €4k
Cash flow
€23k▲
2024 · €487
Current ratio
4.83▲
2024 · 4.29
Quick ratio
4.61▲
2024 · 3.92
Debt to equity
0.30▼
2024 · 0.58
ROE
29.0%▲
2024 · -17.1%
ROA
22.4%▲
2024 · -10.9%
Interest coverage
15.96▲
2024 · 2.02
Debt ≤ 1 year
€11k▲
2024 · €8k
Debt > 1 year
€5k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€60k€70k▲
Formation expenses20€0€0=
Fixed assets21/28€24k€17k▼
Tangible fixed assets22/27€24k€17k▼
Furniture and vehicles24€24k€17k▼
Current assets29/58€36k€52k▲
Stocks and contracts in progress3€3k€2k▼
Stocks30/36€3k€2k▼
Amounts receivable within one year40/41€19k€24k▲
Trade receivables40€7k€13k▲
Other amounts receivable41€13k€10k▼
Cash at bank and in hand54/58€13k€26k▲
Equity and liabilities
Total equity and liabilities10/49€60k€70k▲
Equity10/15€38k€54k▲
Contributions10/11€13k€13k=
Reserves13€27k€27k=
Distributable reserves133€27k€27k=
Profit (loss) carried forward14€-2k€14k▲
Amounts payable17/49€22k€16k▼
Amounts payable after more than one year17€14k€5k▼
Financial debts170/4€14k€5k▼
Amounts payable within one year42/48€8k€11k▲
Current portion of amounts payable after more than one year42€8k€8k▲
Trade debts44€240€1k▲
Suppliers440/4€240€1k▲
Taxes, remuneration and social security45-€1k
Taxes450/3-€1k
Income statement
Code20242025
Remuneration, social security and pensions62€384-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k=
Other operating charges640/8€335€577▲
Gross operating margin9900€5k€25k▲
Operating profit (loss)9901€-3k€17k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-5k€16k▲
Income taxes67/77€1k-
Profit (loss) for the period9904€-7k€16k▲
Profit (loss) for the period to be appropriated9905€-7k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€14k▲
Profit (loss) brought forward from the previous period14P€5k€-2k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
15-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity quadruplescurrent ratio 14.96
Current ratio from 4.26 to 14.96; short-term debt falls from €10k to €3k.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €-11k ▼322%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
Show earlier events
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Waregem · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Wagenaarstraat 1058791 WaregemGround area
314 m²
Building footprint
206 m²
Volume, LiDAR
840 m³
Parcel 34006B0387/00F000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
ELEKTRO STIJN
since 20102.189.888.034
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006B0387/00F000 | Flanders | 313 m² | 1 · 206 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 203 EUR awarded · 203 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 203 EUR | 203 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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MEEKIT
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Entreprises J.C. BIRTI
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 8,611 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-06-2010
Fiscal year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.