Equity
TECHNOCON has made a profit in every financial year since 2006.
TECHNOCON has made a profit in every financial year since 2006.
The abbreviated format states no turnover.
Green is investment, beige is depreciation. Machinery stands 138.6% higher than in 2024.
Two of the last ten came late. The 2016 accounts came latest: 58 days after the end of the period.
New director. Latest change 11-02-2026 · 2 in office.
Higher gross margin than 89% of companies in architecture and engineering. Sector median €110,687 · 2,551 companies.
The dashed line is the sector median: 0.1% across 689 companies (NACE 71, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, small). It does better than 73% of them on solvency, 29% on liquidity, 50% on profitability and 46% on growth.
The bankruptcy probability was computed on 09-11-2026 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).
In July 2024, 14,766 companies had the same profile as TECHNOCON has now. Each dot stands for 37 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TECHNOCON itself: 0.2% within 12 months.
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 14,766 companies, not a prediction for TECHNOCON. 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.
Liquidity is ample, with a current ratio of 2.57 (2.58 in 2024), above the usual 1.5. Short-term debt is 37.6% and cash 3.9% of total assets. 37.6% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 42 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| TECHNOCON Aalter | €0.8m | €1.0m | 62.4% | 11.6 |
| INGENIEURSBUREAU BOTEC Wommelgem | €0.9m | €0.9m | 75.8% | 8.9 |
| INTERFACE SOFT SERVICE Andenne | €0.8m | €1.3m | 60.1% | 10.5 |
| ASSET Ghent | €0.8m | €0.9m | 77.8% | 14 |
| ARCH & TECO ASSET MANAGEMENT Ghent | €1.1m | €1.3m | 35.3% | 14.2 |
| CONTROL & PROTECTION AUTOMATION Antwerp | €0.6m | €1.2m | -232.1% | 12 |
| MK ENGINEERING Ixelles | €0.9m | €1.2m | 39.1% | 14.6 |
These companies have the same main activity as TECHNOCON: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €642,000 and €1.1m, founded between 1985 and 2000.
TECHNOCON files the abbreviated format. That format states no turnover. The gross margin rose from €367,064 in 2006 to €1.0m in 2025.
CORDEEL GROUP holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.7m. Estimated: probably between €1.2m and €2.9m.
Higher than 67% of 2,565 companies in 2025.
Higher than 66% of 2,521 companies in 2025.
Higher than 32% of 2,542 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter · Staff: top quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 1 person left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
839,319 | 823,912 | 838,260 | 929,756 | 943,368 | 1.3m | 746,486 | 962,879 | 936,705 | 845,738 | 683,842 | 709,151 | 505,076 | 456,780 | 416,781 | 427,021 | 444,086 | 477,663 | 530,607 | 394,229 | |
21/28 |
29,572 | 13,048 | 20,501 | 30,592 | 17,361 | 18,854 | 12,787 | 15,721 | 38,921 | 48,918 | 74,719 | 62,502 | 8,433 | 10,737 | 2,347 | 9,013 | 25,917 | 55,255 | 78,821 | 40,732 | |
21 |
- | 0 | 734 | 2,397 | 4,060 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
29,572 | 13,048 | 19,767 | 28,195 | 13,301 | 18,854 | 12,787 | 15,721 | 38,921 | 48,918 | 74,719 | 62,502 | 8,433 | 10,737 | 2,347 | 9,013 | 25,917 | 55,255 | 78,821 | 40,732 | |
23 |
29,101 | 12,196 | 18,535 | 26,583 | 13,161 | 14,861 | 4,827 | 3,676 | 2,070 | - | - | - | - | - | - | - | - | - | - | 40,732 | |
24 |
472 | 852 | 1,232 | 1,612 | 140 | 3,993 | 7,961 | 12,045 | 36,851 | 48,918 | 74,719 | 62,502 | 8,433 | 10,737 | 2,347 | 9,013 | 25,917 | 55,255 | 78,821 | - | |
29/58 |
809,747 | 810,864 | 817,759 | 899,163 | 926,006 | 1.3m | 733,699 | 947,159 | 897,784 | 796,820 | 609,123 | 646,649 | 496,643 | 446,043 | 414,433 | 418,008 | 418,169 | 422,408 | 451,786 | 353,497 | |
40/41 |
723,549 | 710,044 | 334,453 | 480,181 | 353,901 | 633,365 | 574,145 | 706,617 | 469,166 | 502,817 | 429,411 | 414,213 | 359,465 | 308,885 | 239,746 | 309,017 | 343,631 | 231,490 | 219,932 | 221,227 | |
40 |
598,549 | 581,848 | 279,745 | 476,904 | 351,072 | 629,858 | 565,769 | 702,691 | 464,219 | 501,952 | 429,226 | 414,028 | 344,943 | 303,707 | 226,332 | 303,615 | 339,448 | 225,808 | 214,948 | 216,054 | |
41 |
125,000 | 128,195 | 54,708 | 3,277 | 2,829 | 3,507 | 8,376 | 3,927 | 4,947 | 865 | 185 | 185 | 14,522 | 5,177 | 13,414 | 5,401 | 4,183 | 5,682 | 4,983 | 5,173 | |
54/58 |
32,973 | 99,140 | 476,135 | 410,481 | 554,211 | 586,652 | 144,431 | 231,283 | 424,929 | 290,761 | 178,003 | 232,436 | 137,082 | 137,158 | 174,688 | 108,992 | 74,537 | 190,918 | 231,855 | 132,271 | |
490/1 |
53,225 | 1,681 | 7,171 | 8,501 | 17,894 | 30,878 | 15,123 | 9,258 | 3,688 | 3,242 | 1,710 | - | 96 | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
839,319 | 823,912 | 838,260 | 929,756 | 943,368 | 1.3m | 746,486 | 962,879 | 936,705 | 845,738 | 683,842 | 709,151 | 505,076 | 456,780 | 416,781 | 427,021 | 444,086 | 477,663 | 530,607 | 394,229 | |
10/15 |
523,739 | 509,791 | 457,872 | 454,810 | 453,822 | 443,706 | 425,606 | 282,153 | 276,808 | 274,073 | 262,403 | 239,729 | 222,999 | 209,975 | 188,487 | 266,257 | 201,695 | 286,960 | 302,561 | 211,144 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
11 |
- | - | - | 18,600 | 18,600 | 18,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 18,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1109/19 |
- | - | - | 18,600 | 18,600 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
490,272 | 490,272 | 439,132 | 435,132 | 435,132 | 424,132 | 406,132 | 263,132 | 243,132 | 243,132 | 243,132 | 220,132 | 203,432 | 188,432 | 168,432 | 243,432 | 182,432 | 262,432 | 282,432 | 192,182 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
132 |
16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | 16,572 | |
133 |
473,700 | 473,700 | 422,560 | 416,700 | 416,700 | 405,700 | 387,700 | 244,700 | 224,700 | 224,700 | 224,700 | 201,700 | 185,000 | 170,000 | 150,000 | 225,000 | 164,000 | 244,000 | 264,000 | 173,750 | |
14 |
14,867 | 919 | 140 | 1,078 | 89 | 973 | 874 | 420 | 15,075 | 12,341 | 670 | 997 | 967 | 2,943 | 1,454 | 4,225 | 663 | 5,927 | 1,528 | 362 | |
16 |
- | - | - | - | - | - | - | - | - | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | |
160/5 |
- | - | - | - | - | - | - | - | - | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | 18,750 | |
164/5 |
- | - | - | - | - | - | - | - | - | 18,750 | - | - | - | - | - | - | - | - | - | - | |
17/49 |
315,580 | 314,121 | 380,388 | 474,945 | 489,546 | 826,043 | 320,880 | 680,727 | 659,897 | 552,915 | 402,690 | 450,671 | 263,327 | 228,054 | 209,544 | 142,014 | 223,640 | 171,953 | 209,297 | 164,335 | |
17 |
- | - | - | - | - | - | - | - | - | 7,434 | 26,367 | 27,062 | - | - | - | - | 10,788 | 27,703 | 50,022 | 43,340 | |
170/4 |
- | - | - | - | - | - | - | - | - | 7,434 | 26,367 | 27,062 | - | - | - | - | 10,788 | 27,703 | 50,022 | 43,340 | |
42/48 |
315,580 | 314,121 | 380,388 | 474,945 | 489,546 | 826,043 | 320,880 | 680,727 | 659,897 | 537,906 | 368,192 | 417,734 | 258,175 | 223,627 | 205,846 | 139,045 | 210,612 | 142,033 | 157,763 | 119,455 | |
42 |
- | - | - | - | - | - | - | - | 7,434 | 18,933 | 27,954 | 18,041 | - | - | - | 10,788 | 16,915 | 22,319 | - | - | |
43 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34,498 | 22,130 | |
430/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34,498 | 22,130 | |
44 |
118,555 | 126,160 | 65,965 | 80,688 | 72,851 | 130,908 | 177,181 | 133,592 | 98,213 | 108,502 | 121,712 | 161,260 | 179,525 | 121,211 | 91,989 | 84,658 | 110,228 | 97,598 | 83,440 | 58,856 | |
440/4 |
118,555 | 126,160 | 65,965 | 80,688 | 72,851 | 130,908 | 177,181 | 133,592 | 98,213 | 108,502 | 121,712 | 161,260 | 179,525 | 121,211 | 91,989 | 84,658 | 110,228 | 97,598 | 83,440 | 58,856 | |
45 |
197,026 | 187,961 | 94,423 | 174,257 | 106,694 | 105,135 | 143,699 | 97,134 | 87,804 | 132,990 | 64,468 | 89,045 | 59,865 | 61,153 | 64,484 | 42,353 | 82,628 | 21,569 | 39,825 | 38,469 | |
450/3 |
90,743 | 80,241 | 4,203 | 100,002 | 24,340 | 38,614 | 79,054 | 34,353 | 25,809 | 69,813 | 17,555 | 25,953 | 23,344 | 25,603 | 24,191 | 14,830 | 37,347 | 11,070 | 11,930 | 11,634 | |
454/9 |
106,282 | 107,720 | 90,220 | 74,255 | 82,354 | 66,521 | 64,645 | 62,781 | 61,995 | 63,176 | 46,913 | 63,091 | 36,521 | 35,549 | 40,293 | 27,523 | 45,281 | 10,499 | 27,895 | 26,835 | |
47/48 |
- | 0 | 220,000 | 220,000 | 310,000 | 590,000 | - | 450,000 | 466,446 | 277,481 | 154,059 | 149,388 | 18,785 | 41,263 | 49,373 | 1,247 | 841 | 547 | - | - | |
492/3 |
- | - | - | - | - | - | - | - | - | 7,575 | 8,130 | 5,875 | 5,152 | 4,427 | 3,698 | 2,969 | 2,241 | 2,217 | 1,511 | 1,540 | |
| Income statement | |||||||||||||||||||||
9900 |
1.0m | 1.0m | 812,210 | 1.1m | 1.2m | 1.4m | 1.3m | 1.2m | 1.1m | 834,799 | 711,173 | 620,049 | 424,064 | 419,554 | 436,339 | 420,173 | 323,231 | 349,648 | 385,451 | 367,064 | |
62 |
942,909 | 941,854 | 787,834 | 782,729 | 827,910 | 773,321 | 710,710 | 699,981 | 602,376 | 516,487 | 507,220 | 429,315 | 384,296 | 340,624 | 323,337 | 294,034 | 268,788 | 220,304 | 210,182 | 202,310 | |
630 |
14,341 | 7,453 | 12,115 | 13,178 | 10,936 | 6,573 | 5,378 | 19,384 | 26,241 | 25,801 | 25,802 | 17,784 | 3,685 | 3,939 | 6,665 | 20,399 | 31,738 | 36,791 | 37,504 | 27,154 | |
631/4 |
35,083 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -18,750 | |
640/8 |
650 | 1,886 | 2,591 | 2,146 | 2,634 | 2,647 | 4,957 | 12,179 | 31,756 | 2,323 | 1,877 | 1,751 | 1,423 | 1,675 | 23,927 | 10,555 | 1,252 | 1,977 | 3,905 | 5,983 | |
9901 |
15,592 | 76,652 | 9,671 | 306,843 | 331,631 | 619,516 | 596,548 | 474,338 | 463,775 | 290,188 | 176,274 | 171,199 | 34,661 | 73,315 | 82,410 | 95,185 | 21,454 | 90,576 | 133,860 | 150,365 | |
75/76B |
5,083 | 7,459 | 1,102 | 515 | 0 | 0 | 66 | 133 | 225 | 571 | 2,202 | 977 | 2,530 | 1,670 | 80 | 1,798 | 3,826 | 4,516 | 3,178 | 763 | |
75 |
5,083 | 7,459 | 1,102 | 515 | 0 | 0 | 66 | 133 | 225 | 571 | 2,202 | 977 | 2,530 | 1,670 | 80 | 1,798 | 3,826 | 4,516 | 3,178 | 763 | |
65/66B |
3,363 | 2,566 | 224 | 1,269 | 1,323 | 184 | 12,723 | 4,970 | 585 | 1,271 | 1,703 | 1,156 | 488 | 477 | 760 | 1,733 | 2,614 | 4,729 | 4,479 | 1,854 | |
65 |
3,363 | 2,566 | 224 | 1,269 | 1,323 | 184 | 12,723 | 4,970 | 585 | 1,271 | 1,703 | 1,156 | 488 | 477 | 760 | 1,733 | 2,614 | 4,729 | 4,479 | 1,854 | |
9903 |
17,311 | 81,544 | 10,548 | 306,090 | 330,308 | 619,332 | 583,891 | 469,501 | 463,415 | 289,489 | 176,773 | 171,020 | 36,702 | 74,509 | 81,730 | 95,250 | 22,666 | 90,363 | 132,559 | 149,274 | |
67/77 |
3,363 | 29,625 | 7,487 | 85,101 | 10,192 | 11,233 | 73,408 | 14,156 | 10,680 | 12,818 | 9,100 | 14,290 | 13,678 | 13,020 | 11,501 | 30,688 | 7,930 | 30,964 | 41,143 | 47,086 | |
9904 |
13,948 | 51,919 | 3,062 | 220,989 | 320,116 | 608,099 | 510,484 | 455,345 | 452,735 | 276,671 | 167,673 | 156,730 | 23,024 | 61,489 | 70,229 | 64,562 | 14,735 | 59,399 | 91,417 | 102,188 | |
9905 |
13,948 | 51,919 | 3,062 | 220,989 | 320,116 | 608,099 | 510,484 | 455,345 | 452,735 | 276,671 | 167,673 | 156,730 | 23,024 | 61,489 | 70,229 | 64,562 | 14,735 | 59,399 | 91,417 | 102,188 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
14,867 | 52,059 | 4,140 | 221,078 | 321,089 | 608,973 | 510,904 | 470,420 | 465,075 | 277,341 | 168,670 | 157,697 | 25,967 | 62,943 | 74,454 | 65,225 | 20,663 | 60,927 | 91,778 | 102,362 | |
14P |
919 | 140 | 1,078 | 89 | 973 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 75,000 | - | 80,000 | 20,000 | - | - | |
691/2 |
- | 51,140 | 4,000 | - | 11,000 | 18,000 | 143,000 | 20,000 | - | - | 23,000 | 16,700 | 15,000 | 20,000 | - | 61,000 | - | - | 90,250 | 102,000 | |
6921 |
- | 51,140 | 4,000 | - | 11,000 | 18,000 | 143,000 | 20,000 | - | - | 23,000 | 16,700 | 15,000 | 20,000 | - | 61,000 | - | - | 90,250 | 102,000 | |
694/7 |
- | - | - | 220,000 | 310,000 | 590,000 | 367,030 | 450,000 | 450,000 | 265,000 | 145,000 | 140,000 | 10,000 | 40,000 | 148,000 | - | 100,000 | 75,000 | - | - | |
694 |
- | - | - | 220,000 | - | - | - | - | - | - | - | - | - | - | 100,000 | - | 100,000 | 75,000 | - | - | |
695 |
- | - | - | - | 310,000 | 590,000 | 367,030 | 450,000 | 450,000 | 265,000 | 145,000 | 140,000 | 10,000 | 40,000 | 48,000 | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
11.6 | 12.3 | 10.9 | 11.5 | 13.9 | 12.9 | 12.3 | 11.5 | 10.8 | 10 | 10.1 | 8.7 | 8 | 8 | 7.1 | 7 | 6.4 | 5.5 | 5 | 5 | |
Hours worked1013 |
19,285 | 21,174 | 18,903 | 20,137 | 24,862 | 23,347 | 22,091 | 21,163 | 19,927 | 17,987 | 17,809 | 14,905 | 13,488 | 12,424 | 12,440 | 11,944 | 10,840 | 9,298 | - | 8,515 | |
| Document | |||||||||||||||||||||
The accounts for 10 older financial years (1996-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 9 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.
Source: Annual accounts 2025 at the NBB, filed on 24-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 24-06-2026 | 2026-00193960 | |
| 31-12-2024 | abbreviated format | 18-06-2025 | 2025-00155719 | |
| 31-12-2023 | abbreviated format | 08-08-2024 | 2024-00337850 | |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00181420 | |
| 31-12-2021 | abbreviated format | 30-06-2022 | 2022-20113701 | |
| 31-12-2020 | abbreviated format | 18-05-2021 | 2021-14300542 | |
| 31-12-2019 | abbreviated format | 05-05-2020 | 2020-11800038 | |
| 31-12-2018 | abbreviated format | 01-07-2019 | 2019-26000107 | |
| 31-12-2017 | abbreviated format | 13-07-2018 | 2018-34500135 | |
| 31-12-2016 | abbreviated format | 27-09-2017 | 2017-63600285 | |
| 31-12-2015 | abbreviated format | 27-09-2016 | 2016-61700576 | |
| 31-12-2014 | abbreviated format | 28-09-2015 | 2015-60800295 | |
| 31-12-2013 | abbreviated format | 29-08-2014 | 2014-54300453 | |
| 31-12-2012 | abbreviated format | 23-08-2013 | 2013-46000136 | |
| 31-12-2011 | abbreviated format | 31-08-2012 | 2012-52600121 | |
| 31-12-2010 | abbreviated format | 29-08-2011 | 2011-48200057 | |
| 31-12-2009 | abbreviated format | 24-08-2010 | 2010-45300186 | |
| 31-12-2008 | abbreviated format | 24-08-2009 | 2009-62700369 | |
| 31-12-2007 | abbreviated format | 13-06-2008 | 2008-22800010 | |
| 31-12-2006 | abbreviated format | 29-08-2007 | 2007-65400241 | |
| 31-12-2005 | abbreviated format | 25-08-2006 | 2006-67604350 | |
| 31-12-2004 | abbreviated format | 30-09-2005 | 2005-78701641 | |
| 31-12-2003 | abbreviated format | 21-10-2004 | 2004-74700328 | |
| 31-12-2002 | abbreviated format | 01-07-2003 | 2003-36604598 | |
| 31-12-2001 | abbreviated format | 31-10-2002 | 2002-69602791 | |
| 31-12-2000 | abbreviated format | 06-07-2001 | 2001-35004197 | |
| 31-12-1999 | abbreviated format | 31-10-2000 | 2000-69300732 | |
| 31-12-1998 | abbreviated format | 08-09-1999 | 1999-45102126 | |
| 31-12-1997 | abbreviated format | 13-11-1998 | 1998-57204544 | |
| 31-12-1996 | abbreviated format | 20-06-1997 | 1997-18301030 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 29,933 | 84,105 | 21,785 | 320,021 | 342,567 | 626,089 | 601,927 | 493,722 | 490,016 | 315,989 | 202,076 | 188,983 | 38,346 | 77,255 | 89,075 | 115,584 | 53,191 | 127,367 | 171,364 | 177,520 | ||
| 28,289 | 59,373 | 15,177 | 234,166 | 331,053 | 614,672 | 515,862 | 474,729 | 478,976 | 302,471 | 193,475 | 174,514 | 26,709 | 65,428 | 76,895 | 84,961 | 46,473 | 96,190 | 128,920 | 129,343 | ||
| 30,866 | 0 | 2,024 | 26,409 | 9,444 | 12,639 | 2,445 | 8,078 | 16,244 | 0 | 38,019 | 71,853 | 1,382 | 12,329 | 0 | 3,495 | 2,400 | 13,225 | 75,593 | 67,886 | ||
| -66,167 | -376,995 | 65,654 | -143,730 | -32,441 | 442,221 | -86,852 | -193,647 | 134,169 | 112,758 | -54,433 | 95,353 | -76 | -37,529 | 65,696 | 34,454 | -116,381 | -40,936 | 99,584 | - | ||
| 494,167 | 496,744 | 437,371 | 424,218 | 436,460 | 424,852 | 412,819 | 266,432 | 237,887 | 258,914 | 240,931 | 228,914 | 238,469 | 222,415 | 208,588 | 278,964 | 207,557 | 280,375 | 294,023 | 234,042 | ||
| 62.4% | 61.9% | 54.6% | 48.9% | 48.1% | 34.9% | 57.0% | 29.3% | 29.6% | 32.4% | 38.4% | 33.8% | 44.2% | 46.0% | 45.2% | 62.4% | 45.4% | 60.1% | 57.0% | 53.6% | ||
| 2.57 | 2.58 | 2.15 | 1.89 | 1.89 | 1.51 | 2.29 | 1.39 | 1.36 | 1.48 | 1.65 | 1.55 | 1.92 | 1.99 | 2.01 | 3.01 | 1.99 | 2.97 | 2.86 | 2.96 | ||
| 0.60 | 0.62 | 0.83 | 1.04 | 1.08 | 1.86 | 0.75 | 2.41 | 2.38 | 2.02 | 1.53 | 1.88 | 1.18 | 1.09 | 1.11 | 0.53 | 1.11 | 0.60 | 0.69 | 0.78 | ||
| 2.7% | 10.2% | 0.7% | 48.6% | 70.5% | 137.1% | 119.9% | 161.4% | 163.6% | 100.9% | 63.9% | 65.4% | 10.3% | 29.3% | 37.3% | 24.2% | 7.3% | 20.7% | 30.2% | 48.4% | ||
| 1.7% | 6.3% | 0.4% | 23.8% | 33.9% | 47.9% | 68.4% | 47.3% | 48.3% | 32.7% | 24.5% | 22.1% | 4.6% | 13.5% | 16.9% | 15.1% | 3.3% | 12.4% | 17.2% | 25.9% | ||
| 8.90 | 32.77 | 97.15 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 11 | 12 | 12 | 11 | 14 |
| full-time | 11 | 12 | 12 | 11 | 14 |
| part-time | 0 | 0 | - | - | - |
| in full-time equivalents | 11 | 12 | 12 | 11 | 14 |
| 11.6 | 12.3 | 10.9 | 11.5 | 13.9 | |
| On a permanent contract | 11 | 12 | 12 | 11 | 14 |
| Joined | 0 | 1 | 2 | 2 | 4 |
| Left | 1 | 1 | 1 | 5 | 4 |
| Training hours | - | 128 | 48 | 44 | 56 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €30,866 | - | €2,024 | €26,409 | €4,454 |
| Intangible fixed assets | - | - | - | - | €4,990 |
| €14,341 | €7,453 | €12,115 | €13,178 | €10,936 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 80% lower than in 2024.
Debt's share of the balance-sheet total falls from 38.1% to 37.6%. Equity and debt are higher.
Further up the chainC2F1 100%
Source: parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of CORDEEL GROUP. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group C2F1 Group, risk and exposure| ACERO ENGINEERING
registered office since 22-09-2026 |
founded in 2026 1042.816.712 |
| ARPHEA
registered office since 12-11-2020 |
founded in 2020 0758.362.232 |
| EVERSIDE via PG CONSULTING, no longer at EVERSIDE · Director · deed of 28-12-2022 founded in 2022 · negative equity (2025) · group DWR |
total assets €26.5m (2025) |
| Vita Middelkerke via DHK PROJECTS, no longer at Vita Middelkerke · Director · deed of 06-07-2022 founded in 2020 · negative equity (2025) · group C2F1 |
9.2 FTE (2025) |
| Land Aalst via CORDEEL GROUP, at TECHNOCON until 2024 · Director (not named in the articles) · deed of 25-01-2024 founded in 2012 · negative equity (2025) · group C2F1 |
total assets €18.5m (2025) |
| VITA DEN UYT via DHK PROJECTS, no longer at VITA DEN UYT · Director · deed of 17-05-2022 founded in 2017 · negative equity (2025) · group C2F1 |
12 FTE (2025) |
| XIOR Seraing via DHK PROJECTS, no longer at XIOR Seraing · Class A director · deed of 15-02-2024 founded in 2024 · negative equity (2025) · group XIOR STUDENT HOUSING |
total assets €14.9m (2025) |
| VITA TEMSE via DHK PROJECTS, no longer at VITA TEMSE · Director · deed of 06-07-2022 founded in 2016 · negative equity (2025) · group C2F1 |
13 FTE (2025) |
| C-METAL via RE:build (at TECHNOCON until 2025), DHK PROJECTS (no longer at C-METAL) and Erik Groes (at TECHNOCON until 2024) · Director · deeds of 25-02-2025, 06-09-2024 and 14-09-2021 founded in 2019 · negative equity (2025) · group C2F1 |
49 FTE (2025) |
| C-WOOD via RE:build (at TECHNOCON until 2025) and DHK PROJECTS (no longer at C-WOOD) · Director · deeds of 21-05-2025 and 06-06-2024 founded in 2019 · negative equity (2025) · group C2F1 |
30 FTE (2025) |
| ELEKTROTECHNIEK VAN HECKE via Erik Groes, at TECHNOCON until 2024 · Managing director · deed of 11-09-2023 founded in 1999 · negative equity (2025) · group C2F1 |
25 FTE (2025) |
| C-guard via Erik Groes, at TECHNOCON until 2024 · Director · deed of 04-10-2021 founded in 2013 · negative equity (2025) · group C2F1 |
5 FTE (2025) |
| Powerstation via Erik Groes, at TECHNOCON until 2024 · Statutory director · deed of 22-09-2022 founded in 2021 · negative equity (2025) |
1.9 FTE (2025) |
| MATEXI PROJECTS via PG CONSULTING, no longer at MATEXI PROJECTS · Director · deed of 24-11-2017 founded in 2009 · group DWR |
113 FTE (2025) |
| IMTECH BELGIUM OU EN FRANCAIS IMTECH BELGIQUE OU EN NEERLANDAIS IMTECH BELGIE via Erik Groes, at TECHNOCON until 2024 · Director · deed of 19-06-2024 founded in 1965 |
568 FTE (2025) |
| MATEXI WALLONIE via PG CONSULTING, no longer at MATEXI WALLONIE · Director · deed of 07-08-2020 founded in 2012 · group DWR |
total assets €82.6m (2025) |
| C-CONCRETE via RE:build, at TECHNOCON until 2025 · Director · deed of 07-04-2025 founded in 1997 · group C2F1 |
101 FTE (2025) |
| C-Tech Holding via Erik Groes, at TECHNOCON until 2024 · Managing director · deed of 19-09-2023 founded in 1928 |
18 FTE (2025) |
| Ontwikkelingsmaatschappij Leopoldskazerne via PG CONSULTING, no longer at Ontwikkelingsmaatschappij Leopoldskazerne · Class A director · deed of 03-05-2019 founded in 2019 |
turnover €23.1m (2025) |
| Geothermal Innovation & Services via PG CONSULTING, no longer at Geothermal Innovation & Services · Class C director · deed of 03-05-2022 founded in 2022 |
total assets €1.3m (2025) |
| BUT THINES via PG CONSULTING, no longer at BUT THINES · Director · deed of 05-01-2023 founded in 2018 · group DWR |
total assets €266,979 (2025) |
| CORDEEL ZETEL TEMSE via RE:build, at TECHNOCON until 2025 · Director · deed of 27-02-2024 No longer active |
205 FTE (2025) |
| VITA FITNESS TEMSE via DHK PROJECTS, no longer at VITA FITNESS TEMSE · Director · deed of 06-07-2022 No longer active |
total assets €253,608 (2024) |
| VITA HORECA TEMSE via DHK PROJECTS, no longer at VITA HORECA TEMSE · Director · deed of 06-07-2022 No longer active |
total assets €113,442 (2024) |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
“Het uitbaten van een studie-,organisatie- en raadgevend bureau,en dit in de meest ruime zin van het woord,alsmede de aankoop,verkoop,vervaardigen,plaatsen,bouwen,huren en verhuren,het verwerken en monteren en demonteren,onderhouden en herstellen van alle metalen constructies,en dit zowel in eigen naam als voor rekening van derden.”
| Establishment | Since | Unit number |
|---|---|---|
| Groendreef 91 registered office 9880 Aalter | 28-12-1995 | 2.074.467.833 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44503H0087/00R000 | 2,333 m² | 1 · 1,332 m² | 5.0 m |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0456.745.977
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