Financials
- Financial year
- 2024
- Total assets
- €1.6m
- Loss
- -€700,389
- Solvency
- -90.0%
Total assets▼ 30.4%
Net result
20182024
Technolit-IWETEC
ActiveSummary
The computed 12-month bankruptcy probability of Technolit-IWETEC is 3.0% (moderate). The 2024 annual accounts show negative equity (-€1.4m) and a net result of -€700,389. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 8,972 sector peers (NACE 46, financial year 2024). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale of other machinery and equipment
NACE 46649
Largest employer in Herk-de-Stad, Wholesale and retail trade sector1 site
Size
€1.6mtotal assets 2024
- Staff
- 44.7 FTE
- Equity
- -€1.4m
- Loss
- -€700,389
Turnover not published (abbreviated format)
Structure
- Parent
- Technolit Gmbh
- Christian IHRIGDirector
2025 accounts not filed, 86 days past the deadline4 of 9 deeds summarised
Why 48raises riskLoss of €700,389, the second in a row (financial year 2024)Negative equity -€1.4mlowers riskFounded in 2012Liquidity: current ratio 0.51, cash €414,505Show the evidence
Checked score
Score 2024
48
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 10% of its sector peers (NACE 46, small)
Financial strength · tick = 2023
Weak
Solvency
0=
equity -90.0% of total assets
Liquidity
33+8
short-term debt 183.6% · cash 26.7%
Profitability
0=
return on assets -45.2%
Bankruptcy probability, 12 months
3.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.2%
12-2024: 2.7%▼ -0.5 percentage points vs 11-2024
01-2025: 2.7%● unchanged vs 12-2024
02-2025: 2.7%● unchanged vs 01-2025
03-2025: 2.6%▼ -0.1 percentage points vs 02-2025lowest value
04-2025: 2.6%● unchanged vs 03-2025lowest value
05-2025: 2.7%▲ +0.1 percentage points vs 04-2025
06-2025: 2.7%● unchanged vs 05-2025
07-2025: 2.9%▲ +0.2 percentage points vs 06-2025
08-2025: 2.9%● unchanged vs 07-2025
09-2025: 2.9%● unchanged vs 08-2025
10-2025: 2.9%● unchanged vs 09-2025
11-2025: 2.9%● unchanged vs 10-2025
12-2025: 2.9%● unchanged vs 11-2025
01-2026: 2.9%● unchanged vs 12-2025
02-2026: 2.9%● unchanged vs 01-2026
03-2026: 2.8%▼ -0.1 percentage points vs 02-2026
04-2026: 2.8%● unchanged vs 03-2026
05-2026: 2.8%● unchanged vs 04-2026
06-2026: 2.7%▼ -0.1 percentage points vs 05-2026
07-2026: 2.9%▲ +0.2 percentage points vs 06-2026
08-2026: 3.1%▲ +0.2 percentage points vs 07-2026
09-2026: 3.3%▲ +0.2 percentage points vs 08-2026highest value
10-2026: 3.0%▼ -0.3 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.51, compared with 0.78 in 2023, below 1; short-term debt: 183.6% and cash: 26.7% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 1% on solvency, 34% on liquidity, 1% on profitability and 2% on growth.
The bankruptcy probability was computed on 24-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€1.4m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 86 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline25-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
44 days early
2023
22 days early
2022
19 days early
2021
20 days early
2020
43 days early
2019
73 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
- NameName change · Amendment of…
- Resignation: Tuncay ERMIS (director)Appointment: Christian IHRIG (director)
- Annual accounts filedfinancial year 2024 · abbreviated…
Key points
- Risk: Negative equityfinancial year 2024: debts exceed assets -€1.4m View
- Risk: 4 loss-making years in a rowloss financial year 2024 -€700,389 View
- Caution: Equity fell in 2024from -€695,561 to -€1.4m ▼ 101% View
- Caution: Among the weakest 5% on solvencysector median 44.0% · 8,972 companies -90.0% View
- Caution: 2025 accounts not fileddeadline was 31-07-2026 86 days past the deadline View
- Caution: Board changedlatest change 27-07-2026 · 1 in office 1 joined · 1 left View
- Controlled by Technolit Gmbh parent View
By topic
Board & ownership
- Board
- 1 member
- Parent
- Technolit Gmbh
- Christian IHRIGDirector
Timeline
- Events
- 20
- Since
- 2013
- 31-12-2024Weakest financial year
- 09-07-2024Annual accounts filed
- 21-11-2023Legal-form change
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale of other machinery and equipmentNACE 46649
- Founded
- 19-04-2012
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 24
- Annual meeting
- 15 May at 10:00
- Purpose
- “De distributie van las- en elektrotechniekproducten,slijp- en scheidingsproducten,montage…” (deed in Dutch)
Key facts about Technolit-IWETEC
- What is the company number of Technolit-IWETEC?
- 0845.376.576. In Belgium the VAT number is the company number with BE in front: BE 0845.376.576.
- Where is Technolit-IWETEC based?
- The registered office is at Industrieweg 1201, 3540 Herk-de-Stad.Company details
- What does Technolit-IWETEC do?
- According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
- What is the legal form of Technolit-IWETEC?
- Private limited company (BV).
- When was Technolit-IWETEC founded?
- On 19-04-2012.
- Is Technolit-IWETEC still active?
- Yes, Technolit-IWETEC is an active enterprise in the KBO register.
- How many employees does Technolit-IWETEC have?
- On average 44.7 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of Technolit-IWETEC?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is Technolit-IWETEC profitable?
- In financial year 2024, Technolit-IWETEC made a loss of €700,389.
- Where can I find the annual accounts of Technolit-IWETEC?
- Technolit-IWETEC filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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