Result
€247,237 ▲ 223%
The result rose in 2025 from €76,640 to €247,237.
TECHNOCHIM
Lifetime
19 annual accounts with figures on one time axis, 32 filings since 1993peak €1.6m (2025)
€1.6m▲ 3.2%
lowest -€317,320 (2022)
€247,237▲ 223%
peak €1.6m (2020)
€1.1m▲ 27.4%
€3.0m▼ 12.9%
peak 19.4 FTE (2020)
13.6 FTE▼ 5.6%
Board23 names since 2006all names
3 directorsFrédéric GROULARD and 2 others
Owners3 names in the annual accounts
Documentsfilings and deeds
10-06-202651 days before the deadline
2025financial year
Result from €76,640 to €247,237Resignation: Henri Chausteur (director) 07-11Appointment: AVISOR (statutory auditor) 18-04Resignation: Patrick Grandjean (director) 17-04Equity from €901,811 to €1.1mCash from €111,344 to €196,673
Key points
from the 2025 annual accountsTurnover
≈ €2.8m estimated
The accounts state no turnover.
Debts
€3.0m 72% of the balance sheet
Financial debts 67%Suppliers 12%Taxes and wages 7%Other 14%
€1.8m of the debts are secured on the company's own assets. In 2023 that was €117,683.
Staff
13 employees on 31-12-2025
In 2025, 6 people joined and 7 left.
Filings
32 annual accounts 33 filings since 1993
Two of the last ten came late. The 2022 accounts came latest: 67 days after the end of the period.
Subsidiaries
-€798,352
Subsidiary with negative equity. ESIX SURFACE TECHNOLOGIES.
Checked score
88
Excellent
Financially stronger than 48% of small companies in fabricated metal products (NACE 25)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 748 companies (NACE 25, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.5%
01-2025: 1.5%● unchanged vs 12-2024
02-2025: 1.5%● unchanged vs 01-2025
03-2025: 1.5%● unchanged vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.5%● unchanged vs 05-2025
07-2025: 1.8%▲ +0.3 percentage points vs 06-2025highest value
08-2025: 1.3%▼ -0.5 percentage points vs 07-2025
09-2025: 1.3%● unchanged vs 08-2025
10-2025: 1.4%▲ +0.1 percentage points vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.4%● unchanged vs 02-2026
04-2026: 1.4%● unchanged vs 03-2026
05-2026: 1.4%● unchanged vs 04-2026
06-2026: 1.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%▼ -1.3 percentage points vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.76, cash €196,673
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
lowers risk
Founded in 1993
Profit of €247,237 (financial year 2025)
Calculation
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 25, small). It does better than 27% of them on solvency, 36% on liquidity, 41% on profitability and 88% on growth.
The bankruptcy probability was computed on 08-11-2026 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).
Comparable companies, two years later
In July 2024, 2,613 companies had the same profile as TECHNOCHIM has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of TECHNOCHIM itself: 0.2% within 12 months.
Test of the method
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 2,613 companies, not a prediction for TECHNOCHIM. 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.
Credit verdict
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.76 (0.77 in 2024), below 1. Short-term debt is 39% and cash 4.7% of total assets. 72.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1920212122232425
2019 to 2025 · latest year €1.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 days early
2024
23 days early
2023
on the day
2022
67 days late
2021
5 days late
2021
5 days early
2020
4 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 25), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (4 of the last 5 accounts filed within 52 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Shares in 2 companies, ESIX SURFACE TECHNOLOGIES and TECHNOCHIM France
Board & ownershipRecent changes
Reappointment: GROULARD Frédéric (managing director)
Board meeting of 27-05-2026 · Gazette deed
Appointment: Benoît Deschamps (managing director)
Board meeting of 15-05-2025 · Gazette deed
Resignation: Henri Chausteur (director)
Reappointment: Groulard (director) · General meeting of 30-06-2025 · Gazette deed
Appointment: AVISOR (statutory auditor)
Permanent representative: Dorothée HURTEUX · General meeting of 13-02-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TECHNOCHIM Ath | €4.2m | €1.6m | 27.4% | 13.6 |
| ADVANCED COATING Liège | €3.9m | €1.6m | 37.9% | 14.2 |
| DIMATEC Affligem | €4.3m | €1.9m | 90.6% | 11.9 |
| DE BRUYN Malle | €3.5m | €1.3m | 22.1% | 13.1 |
| ALULACK Boortmeerbeek | €4.6m | €1.3m | 83.9% | 16.4 |
| DECOMET Haacht | €2.6m | €1.2m | 15.5% | 16.2 |
| ALU-COATING Brecht | €5.1m | €3.1m | 85.7% | 16 |
These companies have the same main activity as TECHNOCHIM: coating of metals (NACE 25510). They are comparable in size and age: total assets between €2.6m and €5.1m, founded between 1979 and 1996.
Official details
Source: KBO- Status
- Active since 22-04-1993Normal situation
- Activity
- Coating of metalsNACE 25510
- Joint committee
- 207White-collar workers in the chemical industry · annual accounts 2025
- Establishment unit
- 2.062.057.1777822 Ath, since 10-05-1993
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €4.2m▼ 4.5%
- Employeeson 31-12-2025
- 13▼ 7.1%
- Filing
- Filed on 10-06-2026, 51 days before the end of the filing period
Insights on TECHNOCHIM
TECHNOCHIM has existed since 1993. The present size dates from 2022. The gross margin rose that year from €765,308 to €1.6m.
Solvency rose in 2025 from 20.5% to 27.4% because of the retained profit and lower debts.
In April 2024, three directors stepped down. In May 2026, the Official Gazette published the appointment of Benoît Deschamps as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TECHNOCHIM
- What is the company number of TECHNOCHIM?
- The company number of TECHNOCHIM is 0449.934.203. The VAT number is the same number with BE in front: BE 0449.934.203.
- Where is TECHNOCHIM based?
- The registered office is at Avenue des Artisans 36, 7822 Ath.Company details
- What does TECHNOCHIM do?
- According to the KBO register, the main activity is coating of metals (NACE 25510).
- What is the legal form of TECHNOCHIM?
- TECHNOCHIM is a public limited company (NV).
- When was TECHNOCHIM founded?
- TECHNOCHIM was founded on 22-04-1993.
- Is TECHNOCHIM still active?
- Yes, TECHNOCHIM is an active enterprise in the KBO register.
- How many employees does TECHNOCHIM have?
- TECHNOCHIM had an average of 13.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does TECHNOCHIM fall under?
- In its 2025 annual accounts, TECHNOCHIM states joint committee 207 (White-collar workers in the chemical industry).
- What is the turnover of TECHNOCHIM?
- The turnover in financial year 2025 is ≈ €2.8m. This figure is estimated from the gross margin of €1.6m and 1,585 comparable companies of the same size. It probably lies between €1.9m and €4.7m. It is a rough estimate.
- Is TECHNOCHIM profitable?
- In financial year 2025, TECHNOCHIM made a profit of €247,237.
- Where can I find the annual accounts of TECHNOCHIM?
- TECHNOCHIM filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TECHNOCHIM due?
- TECHNOCHIM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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