TECHNOGAZ

Active Public limited companyfounded 1999active for 27 yearsO l'z-Eyôs 1, 4960 MalmedyKBO/BCE: BE 0465.129.846

TECHNOGAZ

Financial year 2025

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Annual accounts 2025

full format, filed on 31-08-2026, 31 days late

€1.2m

▲ 25.8%

€153,306

▲ €267,675

€111,396

▲ €276,801

€370,249

▲ 16.9%

23.6%

▲ 5.5 percentage points

1.50

▼ 0.03

The turnover shown is an estimate from the gross margin.

Turnover ≈ €3.3m. Estimated: probably between €2.7m and €4.1m.

Balance sheet

balance sheet total €1.7m on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

23.6%

Higher than 25% of 2,460 companies in 2025.

1.50

Higher than 43% of 2,433 companies in 2025.

6.5%

Higher than 59% of 2,451 companies in 2025.

TECHNOGAZ Middle half of the sector 80% of the sector Full accounts in specialised construction (NACE 43)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half · Staff: middle half

Staff

€54,224

Staff costs divided by the average number of full-time equivalents.

-1 person

people who joined people who left

In 2025, 1 person joined and 2 left.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	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`	1.7m	1.6m	1.4m	1.7m	1.6m	1.5m	1.6m	1.7m	1.0m	961,962	1.0m	1.1m	920,248	861,261	974,403	895,752	944,683	918,307	838,623	745,055
`21/28`	593,067	701,940	502,536	639,402	481,381	452,408	573,759	656,183	282,504	269,039	354,528	276,001	150,716	124,624	152,433	169,753	192,645	153,374	191,109	230,078
`21`	1,370	1,881	5,392	6,000	14,000	23,866	30,460	49,619	12,325	-	-	-	-	-	-	-	-	-	-	-
`22/27`	569,003	684,834	480,243	617,516	452,857	425,864	540,622	603,887	262,502	266,361	351,851	273,323	148,038	121,947	149,756	167,075	189,967	150,697	188,432	227,401
`22`	43,744	43,744	43,898	43,975	44,052	44,130	44,207	44,284	46,166	47,390	47,842	49,811	57,995	65,250	73,371	81,493	89,362	87,084	99,872	112,660
`23`	80,853	102,346	134,853	178,175	217,289	176,650	187,792	158,828	42,919	47,382	56,207	52,394	53,654	26,988	33,786	40,871	39,830	29,799	41,442	50,657
`24`	444,406	538,744	301,492	395,366	191,515	205,084	308,623	400,775	173,417	171,590	247,802	171,118	36,389	29,709	42,599	44,711	60,775	33,813	47,118	64,084
`28`	22,695	15,225	16,901	15,885	14,525	2,677	2,677	2,677	7,677	2,677	2,677	2,677	2,677	2,677	2,677	2,677	2,677	2,677	2,677	2,677
`29/58`	1.1m	914,431	936,852	1.1m	1.1m	1.0m	1.1m	1.0m	732,579	692,923	664,785	820,768	769,532	736,637	821,970	725,999	752,038	764,933	647,514	514,977
`3`	42,733	161,862	168,657	227,454	346,138	158,415	111,486	59,033	75,415	89,529	72,939	31,585	18,965	26,060	38,283	51,295	18,763	13,022	10,976	4,631
`30/36`	42,733	161,862	168,657	227,454	346,138	158,415	111,486	59,033	75,415	89,529	72,939	31,585	18,965	26,060	38,283	51,295	18,763	13,022	10,976	4,631
`40/41`	1.0m	737,546	734,939	767,187	634,943	819,844	920,119	952,674	567,323	481,341	562,573	594,051	606,846	476,740	192,182	89,984	159,808	228,979	157,453	334,402
`40`	916,882	595,316	580,867	593,221	467,835	620,370	658,121	592,973	292,362	184,627	277,712	253,645	275,297	79,968	159,147	65,440	88,868	186,610	147,432	281,675
`41`	107,768	142,230	154,073	173,966	167,108	199,475	261,997	359,701	274,961	296,714	284,861	340,405	331,549	396,772	33,035	24,545	70,940	42,369	10,021	52,727
`54/58`	50,724	15,023	33,256	99,311	120,491	67,146	15,822	32,617	89,841	122,053	29,273	194,984	142,236	232,588	582,549	584,720	573,467	454,146	479,038	174,897
`490/1`	-	-	-	11,343	2,661	2,480	21,291	-	-	-	-	148	1,485	1,250	8,956	-	-	68,787	47	1,047
Balance sheet: equity and liabilities
`10/49`	1.7m	1.6m	1.4m	1.7m	1.6m	1.5m	1.6m	1.7m	1.0m	961,962	1.0m	1.1m	920,248	861,261	974,403	895,752	944,683	918,307	838,623	745,055
`10/15`	403,013	291,617	460,022	570,211	641,033	593,655	596,899	542,845	808,314	767,201	738,019	729,937	704,084	736,321	692,195	649,262	641,605	607,366	563,986	508,493
`10/11`	202,600	202,600	202,600	202,600	202,600	202,600	202,600	202,600	576,600	576,600	576,600	576,600	576,600	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`10`	202,600	202,600	202,600	202,600	202,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	202,600	202,600	202,600	202,600	202,600	202,600	202,600	202,600	576,600	576,600	576,600	576,600	576,600	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`13`	253,510	253,510	253,510	361,510	423,710	367,405	375,582	328,209	230,086	185,713	161,340	152,367	117,294	636,221	586,600	541,600	541,600	511,600	461,600	401,600
`130/1`	20,700	20,700	20,700	20,700	20,700	20,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	20,700	20,700	20,700	20,700	20,700	20,700	20,700	18,300	13,300	11,000	9,700	9,200	7,700	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`132`	-	-	-	-	700	37,855	57,032	57,459	57,886	58,313	58,740	59,167	59,594	60,021	55,400	55,400	55,400	55,400	55,400	55,400
`133`	232,810	232,810	232,810	340,810	402,310	308,850	297,850	252,450	158,900	116,400	92,900	84,000	50,000	570,000	525,000	480,000	480,000	450,000	400,000	340,000
`14`	-53,097	-164,493	912	43	31	22	4	36	28	88	80	223	8,723	35,914	40,689	42,037	33,287	27,692	32,932	36,077
`15`	-	-	3,000	6,058	14,693	23,628	18,713	12,000	1,600	4,800	-	747	1,467	2,186	2,906	3,626	4,718	6,073	7,454	8,816
`16`	-	-	-	-	-	195	468	741	1,014	1,287	1,560	1,833	2,106	2,379	285	593	1,062	1,642	2,234	2,818
`168`	-	-	-	-	-	195	468	741	1,014	1,287	1,560	1,833	2,106	2,379	285	593	1,062	1,642	2,234	2,818
`17/49`	1.3m	1.3m	979,366	1.2m	944,582	906,443	1.0m	1.2m	205,755	193,473	279,733	364,998	214,058	122,561	281,923	245,896	302,016	309,298	272,404	233,745
`17`	494,266	680,233	536,391	612,343	396,011	422,649	523,699	241,382	-	22,211	48,624	-	-	-	-	-	-	-	-	-
`170/4`	229,523	398,490	183,648	249,614	32,011	58,649	159,699	241,382	-	22,211	48,624	-	-	-	-	-	-	-	-	-
`178/9`	264,743	281,743	352,743	362,729	364,000	364,000	364,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`42/48`	747,858	597,829	422,531	532,980	533,762	483,483	503,440	897,991	187,984	169,875	219,729	356,146	202,859	115,261	281,074	236,583	300,755	303,825	272,182	233,319
`42`	168,967	163,724	65,966	91,619	57,687	103,003	112,727	116,774	22,211	26,413	26,153	-	-	-	-	-	-	-	-	-
`43`	100,000	100,000	100,000	80,000	80,000	100,000	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`430/8`	100,000	100,000	100,000	80,000	80,000	100,000	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`44`	422,807	253,210	111,352	227,095	280,082	170,516	192,792	333,897	105,692	89,172	141,019	317,839	178,327	89,629	102,622	58,287	102,519	53,728	67,268	46,651
`440/4`	422,807	253,210	111,352	227,095	280,082	170,516	192,792	333,897	105,692	89,172	141,019	317,839	178,327	89,629	102,622	58,287	102,519	53,728	67,268	46,651
`45`	41,984	68,659	106,196	122,392	102,749	90,970	78,926	59,205	50,081	44,967	47,557	35,807	24,531	25,632	27,810	22,093	30,986	30,451	14,068	27,918
`450/3`	6,365	6,409	19,686	24,708	21,416	18,283	26,742	15,808	5,495	3,833	5,764	4,897	4,051	3,821	7,735	4,822	3,007	3,550	2,944	14,783
`454/9`	35,620	62,250	86,510	97,684	81,333	72,687	52,184	43,397	44,587	41,134	41,793	30,909	20,480	21,812	20,075	17,271	27,979	26,902	11,124	13,135
`47/48`	14,099	12,237	39,016	11,875	13,244	18,994	18,994	388,116	10,000	9,323	5,000	2,500	-	-	150,642	156,203	167,251	219,646	190,846	158,750
`492/3`	66,038	46,692	20,444	29,162	14,808	311	17,971	17,546	17,771	1,387	11,381	8,852	11,199	7,300	849	9,313	1,260	5,474	222	425
Income statement
`76A`	-	-	-	3,000	10,000	-	-	29,663	-	-	-	-	-	8,250	-	-	900	-	-	-
`9900`	1.2m	943,530	799,020	930,832	1.0m	808,217	949,492	958,266	707,392	632,330	545,686	466,038	376,784	326,183	244,072	291,006	331,360	285,945	243,271	316,676
`62`	786,243	829,220	697,856	748,626	714,571	614,188	659,776	578,769	497,105	491,449	429,458	355,890	283,677	235,058	150,753	235,938	234,205	183,675	117,719	163,282
`630`	216,451	197,642	156,844	202,795	170,901	178,679	211,191	227,786	120,220	93,050	95,840	72,799	54,796	41,440	38,583	42,883	57,844	46,732	51,558	63,341
`640/8`	31,164	31,037	22,315	28,627	45,849	29,366	27,167	38,811	29,808	21,095	12,711	11,049	10,748	10,659	11,070	6,927	3,543	3,676	3,028	7,018
`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	219	175	-	705	74	100
`9901`	153,306	-114,370	-77,995	-49,216	87,343	-14,017	51,359	112,900	60,259	26,736	7,676	26,300	27,563	39,026	43,666	5,258	35,768	51,861	70,966	83,036
`75/76B`	3	3,652	3,243	8,642	8,954	13,745	12,157	4,620	3,215	3,214	992	1,279	980	4,343	5,953	3,769	3,776	2,345	2,012	3,132
`75`	3	3,652	3,243	8,642	8,954	13,745	12,157	4,620	3,215	3,214	992	1,279	980	4,343	5,953	3,769	3,776	2,345	2,012	3,132
`65/66B`	41,386	54,404	31,775	20,891	18,868	4,993	4,592	3,125	1,844	2,008	2,271	656	714	496	488	571	348	380	1,424	1,084
`65`	41,386	54,404	31,775	20,891	18,868	4,993	4,592	3,125	1,844	2,008	2,271	656	714	496	488	571	348	380	1,424	1,084
`9903`	111,923	-165,121	-106,527	-61,465	77,429	-5,264	58,924	114,396	61,630	27,941	6,397	26,922	27,829	51,123	48,912	8,281	40,097	53,121	71,479	84,983
`780`	-	-	-	-	195	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	527	284	605	723	21,310	3,167	11,857	16,537	17,590	3,833	-2,160	623	2,441	4,183	5,569	-	5,083	8,953	15,208	21,485
`9904`	111,396	-165,405	-107,131	-62,187	56,314	-8,159	47,340	98,131	44,313	24,382	8,829	26,573	25,661	44,846	43,652	8,749	35,595	44,760	56,855	64,683
`789`	-	-	-	700	37,155	19,177	427	427	427	427	427	427	427	-	-	-	-	-	-	-
`689`	-	-	-	-	-	-	-	-	-	-	-	-	-	4,621	-	-	-	-	-	-
`9905`	111,396	-165,405	-107,131	-61,487	93,469	11,018	47,767	98,558	44,740	24,809	9,256	27,000	26,088	40,225	43,652	8,749	35,595	44,760	56,855	64,683
Appropriation of the result
`9906`	-53,097	-164,493	-107,088	-61,457	93,491	11,022	47,804	98,586	44,828	24,888	9,480	35,723	62,001	80,914	85,689	42,037	63,287	77,692	92,932	101,077
`14P`	-164,493	912	43	31	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	108,000	61,500	-	-	-	-	-	-	-	-	571,778	-	-	-	-	-	-	-
`691/2`	-	-	-	-	93,460	11,000	47,800	98,550	44,800	24,800	9,400	35,500	51,500	45,000	45,000	-	30,000	50,000	60,000	65,000
`6920`	-	-	-	-	-	-	2,400	5,000	2,300	1,300	500	1,500	1,500	-	-	-	-	-	-	-
`6921`	-	-	-	-	93,460	11,000	45,400	93,550	42,500	23,500	8,900	34,000	50,000	45,000	45,000	-	30,000	50,000	60,000	65,000
`694/7`	-	-	-	-	-	-	-	-	-	-	-	-	573,556	-	-	-	-	-	-	-
`694`	-	-	-	-	-	-	-	-	-	-	-	-	573,556	-	-	-	-	-	-	-
Social balance sheet
`9087`	14.5	15.1	14.7	15.6	19	15	16.6	14.5	12.8	11.1	10.9	10	8.5	6.4	5.3	7	7.7	5.6	4.4	5.8
Hours worked`1013`	19,933	21,225	21,037	23,839	27,360	22,829	27,344	24,508	20,402	18,273	17,977	16,522	13,369	11,301	7,602	10,206	11,528	9,074	6,716	9,459
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 7 older financial years (1999-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 12 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 31-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00502979.

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	31-08-2026	2026-00502979	PDF
31-12-2024	full format	31-07-2025	2025-00356238	PDF
31-12-2023	full format	31-08-2024	2024-00433405	PDF
31-12-2022	full format	20-07-2023	2023-00259724	PDF
31-12-2021	full format	31-08-2022	2022-20401950	PDF
31-12-2020	full format	24-07-2021	2021-41200435	PDF
31-12-2019	full format	29-10-2020	2020-64800261	PDF
31-12-2018	full format	30-08-2019	2019-59100535	PDF
31-12-2017	full format	20-07-2018	2018-36000555	PDF
31-12-2016	full format	20-07-2017	2017-34500035	PDF
31-12-2015	full format	31-08-2016	2016-53400144	PDF
31-12-2014	full format	31-08-2015	2015-53900109	PDF
31-12-2013	full format	12-08-2014	2014-41700063	PDF
31-12-2012	full format	27-08-2013	2013-48000126	PDF
31-12-2011	full format	10-07-2012	2012-28500167	PDF
31-12-2010	full format	05-07-2011	2011-26000380	PDF
31-12-2009	full format	19-08-2010	2010-41900396	PDF
31-12-2008	full format	24-08-2009	2009-60500020	PDF
31-12-2007	full format	11-08-2008	2008-54700227	PDF
31-12-2006	full format	26-07-2007	2007-52400302	PDF
31-12-2005	full format	22-08-2006	2006-65400184	PDF
31-12-2004	full format	22-07-2005	2005-54304229	PDF
31-12-2003	full format	07-07-2004	2004-42200186	PDF
31-12-2002	full format	24-07-2003	2003-50004029	PDF
31-12-2001	full format	16-08-2002	2002-48303789	PDF
31-12-2000	full format	24-10-2001	2001-66301355	PDF
31-12-1999	full format	07-09-2000	2000-55301211	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
369,757	83,273	78,849	153,579	258,244	164,662	262,550	340,686	180,479	119,786	103,517	99,099	82,359	80,466	82,249	48,141	93,612	98,594	122,523	146,377
327,847	32,237	49,713	140,608	227,216	170,520	258,531	325,917	164,533	117,432	104,670	99,372	80,457	86,285	82,235	51,632	93,439	91,493	108,412	128,023
107,578	401,877	19,979	360,816	199,875	57,327	128,767	627,640	133,772	7,561	174,368	198,361	80,888	15,131	21,263	19,991	102,714	8,998	12,588	37,321
35,701	-18,234	-66,055	-21,180	53,345	51,324	-16,795	-57,224	-32,212	92,780	-165,711	52,747	-90,352	-349,961	-2,171	11,253	119,321	-24,893	304,142	-
370,249	316,601	514,322	572,314	570,472	564,402	565,278	146,332	544,595	523,048	445,057	464,622	566,674	621,376	540,896	489,416	451,283	461,108	375,333	281,658
23.6%	18.0%	32.0%	32.7%	40.4%	39.6%	36.3%	31.9%	79.6%	79.8%	72.4%	66.6%	76.5%	85.5%	71.0%	72.5%	67.9%	66.1%	67.3%	68.2%
1.50	1.53	2.22	2.07	2.07	2.17	2.12	1.16	3.90	4.08	3.03	2.30	3.79	6.39	2.92	3.07	2.50	2.52	2.38	2.21
1.44	1.26	1.82	1.65	1.42	1.84	1.90	1.10	3.50	3.55	2.69	2.22	3.70	6.16	2.79	2.85	2.44	2.47	2.34	2.19
3.25	4.54	2.13	2.06	1.47	1.53	1.75	2.13	0.25	0.25	0.38	0.50	0.30	0.17	0.41	0.38	0.47	0.51	0.48	0.46
27.6%	-56.7%	-23.3%	-10.9%	8.8%	-1.4%	7.9%	18.1%	5.5%	3.2%	1.2%	3.6%	3.6%	6.1%	6.3%	1.3%	5.5%	7.4%	10.1%	12.7%
6.5%	-10.2%	-7.4%	-3.6%	3.6%	-0.5%	2.9%	5.8%	4.4%	2.5%	0.9%	2.4%	2.8%	5.2%	4.5%	1.0%	3.8%	4.9%	6.8%	8.7%
8.93	1.53	2.48	7.35	13.69	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

EBIT margin: not included in this filing.

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.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	14	15	15	15	17
full-time	13	14	14	13	16
part-time	1	1	1	2	1
in full-time equivalents	13.8	14.8	14.8	14.6	16.8
	14.5	15.1	14.7	15.6	18.8
On a permanent contract	13	12	11	12	11
Joined	1	5	6	-	12
Left	2	5	6	-	11

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€100,108	€401,877	€16,406	€359,455	€188,028
Intangible fixed assets	-	-	€2,556	-	-
Financial fixed assets	€7,469	-	€1,016	€1,361	€11,847
	€216,451	€197,642	€156,844	€202,795	€170,901

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on TECHNOGAZ

The operating result for 2025 is a profit of €153,306, after a loss of €114,370 in 2024. It is the highest result since 2006.

Debt's share of the balance-sheet total falls from 82.0% to 76.4%. Equity is higher and debt is lower.

Next steps

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Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency23.6%

Current ratio1.50

Return on assets6.5%

Staff

Staff cost per FTE€54,224

Joined and left-1 person

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on TECHNOGAZ

Next steps

in euro

in euro

23.6%

1.50

6.5%

€54,224

-1 person