TECHNOP
ActiveSummary
TECHNOP has been active since 1981 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €96,554. Equity has been shrinking by about 3.1% per year since 2018. Its solvency ranks better than 75% of 6,172 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 04-08-1981 Normal situation
- Activity
- Wholesale trade NACE 46432and 1 other
- Joint committees
- 100 Aanvullend Paritair Comité voor de werklieden
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.019.215.049 9070 Destelbergen, since 04-09-1981
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Board and ownership
- Inge De MuynckManaging director
- Joost De MuynckManaging director
- Holdings
- Shares in 1 company OPTODIS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €1.3m
- ▲ 9.7%
- Turnover
- ≈ €5.6m
- estimated
- Profit
- €96,554
- Equity
- €2.2m
- ▲ 4.5%
- Total assets
- €3.3m
- ▲ 9.7%
- Employees on 31-12-2025
- 19
- ▲ 11.8%
Score breakdownraises riskSize: 15.5 FTE, total assets €3.3mlowers riskFounded in 1981Equity €2.2m (68.3% of total assets)Figures for financial year 2025 (filed on 09-07-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 46, small). It does better than 77% of them on solvency, 44% on liquidity, 66% on profitability and 53% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 2 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 45 filings
Every figure per financial year
The operating result for 2025 is a profit of €58,017, after a loss of €202,191 in 2024.
The turnover shown is an estimate from the gross margin.
- 2024 The accounts state 166.6 FTE. That amounts to ten times the social balance figure. The figure shown is 16.6 FTE (source: social balance report).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 22 | 19 | 20 | 17 | 19 |
| full-time | 10 | 11 | 12 | 6 | 6 |
| part-time | 12 | 8 | 8 | 11 | 13 |
| in full-time equivalents | 19.6 | 17.6 | 18.6 | 15.1 | 16.4 |
| Average over the year, in full-time equivalents | 17.6 | 18.6 | 19.4 | 16.6 | 15.5 |
| On a permanent contract | 22 | 19 | 20 | 17 | 19 |
| Joined | 5 | 2 | 6 | 2 | 7 |
| Left | 1 | 5 | 5 | 5 | 5 |
| Training hours | 259 | - | - | - | 3,869 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €112,749 | €65,334 | €149,462 | €60,628 | €29,325 |
| Intangible fixed assets | €13,500 | €5,500 | €9,537 | €53,505 | €39,847 |
| Financial fixed assets | - | - | €2,680 | - | €12,000 |
| Depreciation and write-downs of the year | €57,363 | €58,887 | €83,000 | €106,457 | €109,087 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2025 · 4 entries · €31,163 awarded · €13,916 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €24,000 | €9,000 |
| 2024 | 1 | €2,063 | €2,063 |
| 2023 | 1 | €5,100 | €2,853 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.004m | €0.003m | €0.02m | €0.007m | €0.002m | ▼ 78.6% |
| Remuneration, social security and pensions62 | - | - | - | €1.0m | €1.2m | €1.4m | €1.2m | €1.2m | ▼ 5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.06m | €0.04m | €0.06m | €0.06m | €0.08m | €0.1m | €0.1m | ▲ 2.5% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.008m | €0.008m | €0.08m | €0.01m | ▼ 87.5% |
| Non-recurring operating charges66A | - | - | - | €0.02m | €0.001m | - | €0.002m | - | - |
| Gross operating margin9900 | €1.8m | €1.7m | €1.1m | €1.3m | €1.6m | €1.3m | €1.2m | €1.3m | ▲ 9.7% |
| Operating profit (loss)9901 | €0.6m | €0.4m | €0.2m | €0.2m | €0.3m | -€0.1m | -€0.2m | €0.06m | - |
| Financial income75/76B | - | - | - | €0.03m | €0.07m | €0.02m | €0.01m | €0.06m | ▲ 346% |
| Recurring financial income75 | €0.05m | €0.02m | €0.05m | €0.03m | €0.07m | €0.02m | €0.01m | €0.06m | ▲ 346% |
| Financial charges65/66B | - | - | - | €0.02m | €0.08m | -€0.01m | €0.02m | €0.01m | ▼ 25.3% |
| Recurring financial charges65 | €0.05m | -€0.02m | €0.01m | €0.02m | €0.08m | -€0.01m | €0.02m | €0.01m | ▼ 25.3% |
| Profit (loss) for the period before taxes9903 | €0.6m | €0.5m | €0.2m | €0.2m | €0.3m | -€0.08m | -€0.2m | €0.1m | - |
| Income taxes67/77 | €0.2m | €0.2m | €0.08m | €0.08m | €0.1m | €0.002m | €0.002m | €0.01m | ▲ 546% |
| Profit (loss) for the period9904 | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | -€0.08m | -€0.2m | €0.1m | - |
| Profit (loss) for the period to be appropriated9905 | €0.4m | €0.3m | €0.2m | €0.2m | €0.2m | -€0.08m | -€0.2m | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €3.4m | €4.2m | €3.6m | €3.7m | €4.5m | €3.4m | €3.0m | €3.3m | ▲ 9.7% |
| Fixed assets21/28 | €0.2m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | ▼ 10.4% |
| Intangible fixed assets21 | €0.03m | €0.008m | €0.02m | €0.03m | €0.03m | €0.02m | €0.06m | €0.08m | ▲ 28.4% |
| Tangible fixed assets22/27 | €0.1m | €0.08m | €0.1m | €0.2m | €0.2m | €0.3m | €0.2m | €0.2m | ▼ 26.2% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.02m | €0.01m | €0.007m | €0.007m | ▼ 9.4% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 25.5% |
| Other tangible fixed assets26 | - | - | - | €0.02m | €0.02m | €0.03m | €0.02m | €0.01m | ▼ 39.4% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 61.9% |
| Current assets29/58 | €3.3m | €4.1m | €3.5m | €3.5m | €4.3m | €3.1m | €2.7m | €3.0m | ▲ 12.0% |
| Stocks and contracts in progress3 | €1.2m | €1.1m | €1.1m | €1.2m | €1.6m | €1.5m | €1.2m | €1.3m | ▲ 7.3% |
| Stocks30/36 | - | - | - | €1.2m | €1.6m | €1.5m | €1.2m | €1.3m | ▲ 7.3% |
| Amounts receivable within one year40/41 | €1.0m | €1.5m | €0.9m | €0.7m | €1.3m | €0.9m | €0.8m | €1.1m | ▲ 33.8% |
| Trade receivables40 | - | - | - | €0.7m | €1.3m | €0.8m | €0.8m | €1.1m | ▲ 37.6% |
| Other amounts receivable41 | - | - | - | €364 | - | €0.07m | €0.02m | - | - |
| Current investments50/53 | €0.7m | €0.7m | €0.7m | €1.1m | €1.0m | €0.5m | €0.6m | €0.5m | ▼ 17.9% |
| Cash at bank and in hand54/58 | €0.4m | €0.8m | €0.8m | €0.5m | €0.4m | €0.2m | €0.06m | €0.07m | ▲ 28.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.02m | €0.03m | €0.006m | €0.04m | ▲ 527% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €3.4m | €4.2m | €3.6m | €3.7m | €4.5m | €3.4m | €3.0m | €3.3m | ▲ 9.7% |
| Equity10/15 | €2.5m | €2.8m | €2.9m | €2.7m | €2.8m | €2.3m | €2.1m | €2.2m | ▲ 4.5% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves13 | €2.3m | €2.7m | €2.8m | €2.6m | €2.7m | €1.8m | €1.8m | €1.9m | ▲ 5.3% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | €2.6m | €2.7m | €1.8m | €1.8m | €1.9m | ▲ 5.3% |
| Profit (loss) carried forward14 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.4m | €0.2m | €0.2m | = |
| Amounts payable17/49 | €1.0m | €1.4m | €0.7m | €1.0m | €1.7m | €1.1m | €0.8m | €1.0m | ▲ 23.0% |
| Amounts payable after more than one year17 | €0.01m | €0.003m | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €1.0m | €1.4m | €0.7m | €1.0m | €1.7m | €1.1m | €0.8m | €1.0m | ▲ 23.0% |
| Financial debts43 | - | - | - | €0.05m | €0.05m | €0.01m | - | - | - |
| Credit institutions430/8 | - | - | - | €0.05m | €0.05m | €0.01m | - | - | - |
| Trade debts44 | €0.5m | €0.9m | €0.4m | €0.4m | €1.1m | €0.4m | €0.3m | €0.5m | ▲ 55.4% |
| Suppliers440/4 | - | - | - | €0.4m | €1.1m | €0.4m | €0.3m | €0.5m | ▲ 55.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.4m | €0.3m | €0.2m | €0.2m | ▲ 25.0% |
| Taxes450/3 | - | - | - | €0.06m | €0.2m | €0.1m | €0.06m | €0.1m | ▲ 58.9% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | ▲ 7.3% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.3m | €0.4m | €0.3m | €0.3m | ▼ 9.2% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €0.002m | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €365,479 | €310,351 | €166,632 | €158,240 | €175,933 | -€80,114 | -€205,510 | €96,554 | - |
| + Depreciation and write-downs630 | €70,934 | €55,747 | €41,347 | €57,363 | €58,887 | €83,000 | €106,457 | €109,087 | ▲ 2.5% |
| Operating cash flow (approximation) | €436,413 | €366,099 | €207,979 | €215,603 | €234,820 | €2,886 | -€99,053 | €205,642 | - |
| Investment in fixed assets (approximation) | - | €4,555 | -€86,028 | -€123,569 | -€66,545 | -€156,384 | -€107,316 | -€78,492 | ▲ 26.9% |
| Change in cash | - | €458,770 | €7,963 | -€295,404 | -€92,718 | -€292,769 | -€96,824 | €15,974 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 14,766 companies had the same profile as TECHNOP has now. Two years later, 96.2% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TECHNOP itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 TECHNOP. 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.
Latest 10 of 45 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 09-07-2026 | 2026-00273655 | |
| 31-12-2024 | abbreviated format | 17-07-2025 | 2025-00280989 | |
| 31-12-2023 | abbreviated format | 19-07-2024 | 2024-00263342 | |
| 31-12-2022 | abbreviated format | 20-07-2023 | 2023-00259314 | |
| 31-12-2021 | abbreviated format | 15-07-2022 | 2022-20189730 | |
| 31-12-2020 | abbreviated format | 30-08-2021 | 2021-59700183 | |
| 31-12-2019 | abbreviated format | 31-08-2020 | 2020-49000494 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-57600486 | |
| 31-12-2017 | abbreviated format | 31-08-2018 | 2018-58800005 | |
| 31-12-2016 | abbreviated format | 31-08-2017 | 2017-58000555 |
Board & ownership
Directors
Board 2
Day-to-day management 2
Owners and capital
Capital transactions
- 05-01-2024 Capital stated in the deed · 1,000 shares
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Inge De Muynck |
|
| Joost De Muynck |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “6 jaar, herstemming tussen twee meeste stemmen indien geen meerderheid”
Articles of association, deed of 05-01-2024 (in Dutch)
Network & group
Holdings and subsidiaries
1 holdingHoldings 1
-
share not stated
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of TECHNOP. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
05-01
Gazette deed
Company renamed from Technical Optics International,afgekort TECHNOP to TECHNOPCapital · Power of attorney · Amendment of the articles6 points ▸
- General meeting, 11-12-2023
- Name change, TECHNOP
- Capital
- Power of attorney
- Amendment of the articles, mentioned 3 times in the deed
- Registered office clause, “extra-statutaire bevestiging, 9070 Gent,Dendermondesteenweg 335” (deed in Dutch)
05-10
Gazette deed
Reappointments: Inge De Muynck (director) and Joost De Muynck (director)7 points ▸
- General meeting, 16-08-2021
- Director reappointment, Inge De Muynck (director)
- Director reappointment, Joost De Muynck (director)
- Board meeting, 16-08-2021
- Director reappointment, Inge De Muynck (managing director)
- Director reappointment, Joost De Muynck (managing director)
- Other provision, “formuliervelden voor- en achterkant en handtekening” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
15 activities
- Optiek en allerhande apparaten waarin optisch geslepen glazen zijn verwerkt.
- Vergrootglazen,verrekijkers en allerhande bijhorigheden.
- Veiligheidsuitrusting,voornamelijk veiligheidsbrillen en bijhorig heden.
- Brilmonturen en correctieglazen voor brillen.
- Contactlenzen,contactlensprodukten en allerhande apparaten en instrumenten waarin lenzen werden verwerkt.
- Oorapparaten en toebehoren in de meest ruime zin.
- Goud— en zilverwerk,juwelen en soortgelijke artikelen.
- Uurwerken.
- Fotografische en kinematografische artikelen.
- Hardware en software,voor toepassingen in de optische en medische sector.
- Alle winkelinrichtingen,binnenhuisinrichtingen en versieringen.
- Chirurgisch materiaal en instrumenten.
- Optische instrumenten voor de optometrie en medische sector.
- Diagnostisch materiaal voor de optometrie en medische sector.
- Implantaten gerelateerd aan de medische sector.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44013A0315/00Y003 | Flanders | 2,473 m² | 1 · 874 m² | 14.5 m · 3 |