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Technologic

Active
Private limited companyfounded 2015active for 11 yearsKortstraat 26, 3550 Heusden-Zolder, BelgiumKBO/BCE: BE 0639.844.365
Summary

Technologic has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €96,675 and a net result of €59,375. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 34,263 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, micro format

Equity
€96,675▲ 159%
2024 · €37,301
Total assets
€362,209▲ 59.2%
2024 · €227,520
Net result
€59,375▲ 649%
2024 · €7,925
Working capital
€228,846▲ 190%
2024 · €78,940
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result recovers in 2025; 2025 is 582% above 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€90,308 2025 Net result€59,375 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€150-€657€1,676▲ 155%€3,069▲ 83.1%€4,162▲ 35.6%€47,109▲ 1,032%€13,240▼ 71.9%€90,308▲ 582%
Net result-€542-€501€1,375within the sector's middle half▲ 174%€2,840within the sector's middle half▲ 107%€3,645within the sector's middle half▲ 28.4%€31,961above the sector's middle half▲ 777%€7,925within the sector's middle half▼ 75.2%€59,375above the sector's middle half▲ 649%
Equity-€11,247--€10,745▲ 4.5%-€9,071below the sector's middle half▲ 15.6%-€6,231below the sector's middle half▲ 31.3%-€2,585below the sector's middle half▲ 58.5%€29,375within the sector's middle half€37,301within the sector's middle half▲ 27.0%€96,675within the sector's middle half▲ 159%
Total assets€510-€1,698▲ 233%€16,316below the sector's middle half▲ 861%€14,751below the sector's middle half▼ 9.6%€12,831below the sector's middle half▼ 13.0%€79,790within the sector's middle half▲ 522%€227,520within the sector's middle half▲ 185%€362,209above the sector's middle half▲ 59.2%
Debt€11,757-€12,444▲ 5.8%€25,387▲ 104%€20,982▼ 17.4%€15,416▼ 26.5%€50,415▲ 227%€190,219▲ 277%€265,533▲ 39.6%
Working capital-€11,247--€10,745▲ 4.5%-€9,713below the sector's middle half▲ 9.6%-€6,697below the sector's middle half▲ 31.0%-€2,762below the sector's middle half▲ 58.8%€17,388within the sector's middle half€78,940within the sector's middle half▲ 354%€228,846above the sector's middle half▲ 190%
Solvency-55.6%below the sector's middle half-42.2%below the sector's middle half▲ 13.4pp-20.2%below the sector's middle half▲ 22.1pp36.8%within the sector's middle half▲ 57.0pp16.4%below the sector's middle half▼ 20.4pp26.7%within the sector's middle half▲ 10.3pp
Current ratio0.62below the sector's middle half0.68below the sector's middle half▲ 0.060.82below the sector's middle half▲ 0.141.55within the sector's middle half▲ 0.731.63within the sector's middle half▲ 0.093.03within the sector's middle half▲ 1.40
Return on assets (ROA)8.4%within the sector's middle half19.3%above the sector's middle half▲ 10.8pp28.4%above the sector's middle half▲ 9.2pp40.1%above the sector's middle half▲ 11.6pp3.5%within the sector's middle half▼ 36.6pp16.4%within the sector's middle half▲ 12.9pp
Staff (FTE)3.4
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €362,209
Fixed assets €20,843 ▼ 13.8%
Current assets €341,366 ▲ 67.9%
Equity and liabilities €362,209
Equity €96,675 ▲ 159%
Debt €265,533 ▲ 39.6%
Debt's share of the balance-sheet total falls from 83.6% to 73.3%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€99,796▲
2024 · €21,403
Cash flow
€68,862▲
2024 · €16,089
Debt to equity
2.75▼
2024 · 5.10
ROE
61.4%▲
2024 · 21.2%
Interest coverage
20.67▲
2024 · 7.30
Debt ≤ 1 year
€112,520▼
2024 · €124,414
Income taxes
€27,360▲
2024 · €2,808
Staff costs
€195,496▲
2024 · €172,855
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.4% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€227,520€362,209▲
Fixed assets21/28€24,166€20,843▼
Tangible fixed assets22/27€24,166€20,843▼
Plant, machinery and equipment23€1,160€367▼
Furniture and vehicles24€23,005€20,476▼
Current assets29/58€203,354€341,366▲
Amounts receivable within one year40/41€124,046€295,082▲
Trade receivables40€109,909€191,067▲
Other amounts receivable41€14,137€104,016▲
Cash at bank and in hand54/58€1,075€43,010▲
Deferred charges and accrued income490/1€78,234€3,273▼
Equity and liabilities
Total equity and liabilities10/49€227,520€362,209▲
Equity10/15€37,301€96,675▲
Contributions10/11€2,000€2,000=
Reserves13-€59,375
Distributable reserves133-€59,375
Profit (loss) carried forward14€35,301€35,301=
Amounts payable17/49€190,219€265,533▲
Amounts payable within one year42/48€124,414€112,520▼
Financial debts43€4,472-
Credit institutions430/8€4,472-
Trade debts44€38,661€72,049▲
Suppliers440/4€38,661€71,829▲
Bills of exchange payable441-€220
Taxes, remuneration and social security45€62,139€40,471▼
Taxes450/3€26,918€29,777▲
Remuneration and social security454/9€35,221€10,694▼
Other amounts payable47/48€19,142-
Accrued charges and deferred income492/3€65,805€153,013▲
Income statement Code20242025
Remuneration, social security and pensions62€172,855€195,496▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,163€9,488▲
Other operating charges640/8€1,091€1,606▲
Gross operating margin9900€195,350€296,898▲
Operating profit (loss)9901€13,240€90,308▲
Financial income75/76B€426€1,254▲
Recurring financial income75€426€1,254▲
Financial charges65/66B€2,933€4,828▲
Recurring financial charges65€2,933€4,828▲
Profit (loss) for the period before taxes9903€10,733€86,734▲
Income taxes67/77€2,808€27,360▲
Profit (loss) for the period9904€7,925€59,375▲
Profit (loss) for the period to be appropriated9905€7,925€59,375▲
Appropriation of the result
Profit (loss) to be appropriated9906€35,301€94,675▲
Profit (loss) brought forward from the previous period14P€27,375€35,301▲
Transfer to equity691/2-€59,375
To other reserves6921-€59,375

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62-----€41,080€172,855€195,496▲ 13.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€58€175€290€10,481€8,163€9,488▲ 16.2%
Other operating charges640/8---€1,732€1,311€2,240€1,091€1,606▲ 47.1%
Gross operating margin9900-€150€707€2,362€4,975€5,763€100,910€195,350€296,898▲ 52.0%
Operating profit (loss)9901-€150€657€1,676€3,069€4,162€47,109€13,240€90,308▲ 582%
Financial income75/76B---€250€1,025€377€426€1,254▲ 194%
Recurring financial income75---€250€1,025€377€426€1,254▲ 194%
Financial charges65/66B---€479€1,542€5,086€2,933€4,828▲ 64.6%
Recurring financial charges65€392€156€301€479€1,542€5,086€2,933€4,828▲ 64.6%
Profit (loss) for the period before taxes9903-€542€501€1,375€2,840€3,645€42,401€10,733€86,734▲ 708%
Income taxes67/77-----€10,440€2,808€27,360▲ 874%
Profit (loss) for the period9904-€542€501€1,375€2,840€3,645€31,961€7,925€59,375▲ 649%
Profit (loss) for the period to be appropriated9905-€542€501€1,375€2,840€3,645€31,961€7,925€59,375▲ 649%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€510€1,698€16,316€14,751€12,831€79,790€227,520€362,209▲ 59.2%
Fixed assets21/28--€642€467€176€30,671€24,166€20,843▼ 13.8%
Tangible fixed assets22/27--€642€467€176€30,671€24,166€20,843▼ 13.8%
Plant, machinery and equipment23---€467€176€1,417€1,160€367▼ 68.4%
Furniture and vehicles24-----€29,254€23,005€20,476▼ 11.0%
Current assets29/58€510€1,698€15,674€14,285€12,655€49,119€203,354€341,366▲ 67.9%
Stocks and contracts in progress3--€7,200€7,750€10,600----
Contracts in progress37---€7,750€10,600----
Amounts receivable within one year40/41€0€989€5,055€4,968-€48,169€124,046€295,082▲ 138%
Trade receivables40---€4,968-€40,200€109,909€191,067▲ 73.8%
Other amounts receivable41-----€7,968€14,137€104,016▲ 636%
Cash at bank and in hand54/58€112€86€264€2€1€115€1,075€43,010▲ 3,903%
Deferred charges and accrued income490/1---€1,565€2,053€835€78,234€3,273▼ 95.8%
Equity and liabilities
Total equity and liabilities10/49€510€1,698€16,316€14,751€12,831€79,790€227,520€362,209▲ 59.2%
Equity10/15-€11,247-€10,745-€9,071-€6,231-€2,585€29,375€37,301€96,675▲ 159%
Contributions10/11€1,700€1,700€2,000€2,000€2,000€2,000€2,000€2,000=
Capital10---€2,000€2,000----
Issued capital100---€2,000€2,000----
Reserves13-------€59,375-
Distributable reserves133-------€59,375-
Profit (loss) carried forward14-€12,947-€12,445-€11,071-€8,231-€4,585€27,375€35,301€35,301=
Amounts payable17/49€11,757€12,444€25,387€20,982€15,416€50,415€190,219€265,533▲ 39.6%
Amounts payable within one year42/48€11,757€12,444€25,387€20,982€15,416€31,731€124,414€112,520▼ 9.6%
Financial debts43------€4,472--
Credit institutions430/8------€4,472--
Trade debts44€687€374€0€502€2,380€14,018€38,661€72,049▲ 86.4%
Suppliers440/4---€502€2,380€14,018€38,661€71,829▲ 85.8%
Bills of exchange payable441-------€220-
Taxes, remuneration and social security45---€5,280€1,380€14,562€62,139€40,471▼ 34.9%
Taxes450/3---€2,280€1,380€12,918€26,918€29,777▲ 10.6%
Remuneration and social security454/9---€3,000-€1,644€35,221€10,694▼ 69.6%
Other amounts payable47/48---€15,201€11,656€3,150€19,142--
Accrued charges and deferred income492/3-----€18,684€65,805€153,013▲ 133%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€542€501€1,375€2,840€3,645€31,961€7,925€59,375▲ 649%
+ Depreciation and write-downs630--€58€175€290€10,481€8,163€9,488▲ 16.2%
Operating cash flow (approximation)-€542€501€1,433€3,015€3,936€42,442€16,089€68,862▲ 328%
Investment in fixed assets (approximation)---€0€0-€40,976-€1,658-€6,165▼ 272%
Change in cash--€26€178-€262-€1€114€959€41,935▲ 4,272%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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