TECHNOTEC
ActiveSummary
TECHNOTEC has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €231,628 and a net result of €16,317. Equity has been growing by about 34% per year since 2018. Its solvency ranks better than 31% of 34,946 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 10-05-2002 Normal situation
- Activity
- Installation of electric heating, air conditioning, cooling and ventilation NACE 43222and 4 others
- Establishment unit
- 2.099.076.535 7060 Soignies, since 17-06-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 21-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €75,108
- ▼ 12.6%
- Turnover
- ≈ €290,000
- estimated
- Profit
- €16,317
- ▼ 3.2%
- Equity
- €231,628
- ▲ 7.6%
- Total assets
- €797,162
- ▲ 10.1%
- 2025 accounts filed 22 days after the deadline
Score breakdownraises riskSector: Specialised construction activities (NACE 43)lowers riskSize: total assets €797,162Liquidity: current ratio 1.39, cash €769,411Founded in 2002Show the evidence
Checked score
Fewer than 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 43, micro). It does better than 31% of them on solvency, 60% on liquidity, 17% on profitability and 51% on growth.
The bankruptcy probability was computed on 01-11-2026 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 15 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 22 days after the deadline Filed on 22 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00414556.
Annual accounts 2025 filed on 22-08-2026 at the NBB all 23 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 13% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,359 | €29,108 | - | - | - |
| Depreciation and write-downs of the year | €2,638 | €10,985 | €11,938 | €12,860 | €11,186 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €13,787 | €14,209 | €36,029 | €152,423 | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | €50 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €46,386 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €1,810 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,150 | €3,249 | €3,249 | €2,638 | €10,985 | €11,938 | €12,860 | €11,186 | ▼ 13.0% |
| Other operating charges640/8 | - | - | - | €723 | €1,264 | €836 | €880 | €1,104 | ▲ 25.5% |
| Gross operating margin9900 | -€9,182 | -€4,311 | €12,635 | €106,038 | €116,751 | €116,233 | €85,951 | €75,108 | ▼ 12.6% |
| Operating profit (loss)9901 | -€11,985 | -€8,190 | €8,706 | €102,677 | €102,692 | €103,459 | €72,212 | €62,819 | ▼ 13.0% |
| Financial income75/76B | - | - | - | €424 | €158 | €1,895 | €8,631 | €11,337 | ▲ 31.4% |
| Recurring financial income75 | - | - | - | €23 | €158 | €1,895 | €8,631 | €11,337 | ▲ 31.4% |
| Non-recurring financial income76B | - | - | - | €400 | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €6,724 | €14,466 | €27,619 | €48,225 | €50,885 | ▲ 5.5% |
| Recurring financial charges65 | - | - | - | €6,724 | €14,466 | €27,619 | €48,225 | €49,789 | ▲ 3.2% |
| Non-recurring financial charges66B | - | - | - | €0 | €14,466 | €27,619 | - | €1,096 | - |
| Profit (loss) for the period before taxes9903 | -€11,604 | -€8,203 | €7,042 | €96,377 | €88,385 | €77,735 | €32,618 | €23,271 | ▼ 28.7% |
| Income taxes67/77 | €4 | - | -€4 | €19,402 | €28,539 | €25,657 | €15,755 | €6,953 | ▼ 55.9% |
| Profit (loss) for the period9904 | -€11,608 | -€8,203 | €7,047 | €76,975 | €59,846 | €52,078 | €16,863 | €16,317 | ▼ 3.2% |
| Profit (loss) for the period to be appropriated9905 | -€11,608 | -€8,203 | €7,047 | €76,975 | €59,846 | €52,078 | €16,863 | €16,317 | ▼ 3.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €77,015 | €29,321 | €46,885 | €297,973 | €475,332 | €602,719 | €723,871 | €797,162 | ▲ 10.1% |
| Fixed assets21/28 | €4,299 | €4,349 | €1,100 | €21,821 | €39,944 | €33,193 | €21,321 | €10,135 | ▼ 52.5% |
| Tangible fixed assets22/27 | €4,299 | €4,349 | €1,100 | €21,821 | €39,944 | €33,193 | €21,321 | €10,135 | ▼ 52.5% |
| Plant, machinery and equipment23 | - | - | - | €2,644 | €1,682 | €5,376 | €2,927 | €1,198 | ▼ 59.1% |
| Furniture and vehicles24 | - | - | - | €19,177 | €38,263 | €27,817 | €18,393 | €8,937 | ▼ 51.4% |
| Current assets29/58 | €72,716 | €24,972 | €45,785 | €276,153 | €435,388 | €569,526 | €702,551 | €787,027 | ▲ 12.0% |
| Amounts receivable within one year40/41 | €518 | €1,422 | - | - | €1,096 | €1,958 | €1,096 | €12,616 | ▲ 12× |
| Trade receivables40 | - | - | - | - | €1,096 | €1,096 | €1,096 | - | - |
| Other amounts receivable41 | - | - | - | - | - | €862 | - | €12,616 | - |
| Current investments50/53 | - | - | - | - | - | €5,000 | €5,000 | €5,000 | = |
| Cash at bank and in hand54/58 | €72,197 | €23,550 | €45,785 | €276,153 | €434,292 | €562,568 | €696,454 | €769,411 | ▲ 10.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €77,015 | €29,321 | €46,885 | €297,973 | €475,332 | €602,719 | €723,871 | €797,162 | ▲ 10.1% |
| Equity10/15 | €3,208 | -€4,995 | €9,550 | €86,524 | €146,370 | €198,448 | €215,310 | €231,628 | ▲ 7.6% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €23,968 | €23,968 | €23,968 | €100,943 | €160,788 | €212,866 | €212,866 | €212,866 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €99,083 | €158,928 | €212,866 | €212,866 | €212,866 | = |
| Profit (loss) carried forward14 | -€39,360 | -€47,563 | -€33,018 | -€33,018 | -€33,018 | -€33,018 | -€16,156 | €162 | - |
| Amounts payable17/49 | €73,807 | €34,316 | €37,335 | €211,449 | €328,962 | €404,271 | €508,561 | €565,534 | ▲ 11.2% |
| Amounts payable within one year42/48 | €73,807 | €34,316 | €37,335 | €211,449 | €328,962 | €404,271 | €508,561 | €565,534 | ▲ 11.2% |
| Trade debts44 | €150 | €2,221 | €393 | €39 | €955 | - | - | €779 | - |
| Suppliers440/4 | - | - | - | - | €955 | - | - | €779 | - |
| Bills of exchange payable441 | - | - | - | €39 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €14,216 | €21,066 | €15,603 | €23,668 | €32,332 | ▲ 36.6% |
| Taxes450/3 | - | - | - | €14,216 | €21,066 | €15,603 | €23,668 | €32,332 | ▲ 36.6% |
| Other amounts payable47/48 | - | - | - | €197,194 | €306,941 | €388,668 | €484,893 | €532,423 | ▲ 9.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,608 | -€8,203 | €7,047 | €76,975 | €59,846 | €52,078 | €16,863 | €16,317 | ▼ 3.2% |
| + Depreciation and write-downs630 | €2,150 | €3,249 | €3,249 | €2,638 | €10,985 | €11,938 | €12,860 | €11,186 | ▼ 13.0% |
| Operating cash flow (approximation) | -€9,458 | -€4,954 | €10,296 | €79,612 | €70,830 | €64,016 | €29,722 | €27,503 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | -€3,299 | €0 | -€23,359 | -€29,108 | -€5,187 | -€988 | €0 | - |
| Change in cash | - | -€48,648 | €22,235 | €230,368 | €158,139 | €128,276 | €133,886 | €72,957 | ▼ 45.5% |
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, 4,685 companies had the same profile as TECHNOTEC has now. Two years later, 1.1% had gone bankrupt and 96.9% were still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of TECHNOTEC 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 4,685 companies, not a prediction for TECHNOTEC. 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 23 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 22-08-2026 | 2026-00414556 | |
| 31-12-2024 | micro format | 21-08-2025 | 2025-00387588 | |
| 31-12-2023 | micro format | 16-08-2024 | 2024-00347512 | |
| 31-12-2022 | micro format | 12-08-2023 | 2023-00326192 | |
| 31-12-2021 | micro format | 20-08-2022 | 2022-20299366 | |
| 31-12-2020 | micro format | 18-08-2021 | 2021-49400342 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-36000189 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-56600540 | |
| 31-12-2017 | micro format | 17-07-2018 | 2018-33300515 | |
| 31-12-2016 | full format | 25-08-2017 | 2017-47100272 |
Board & ownership
Directors
Owners and capital
Shareholders
- HERICKX Xavier 250 shares
- MICHEL Geneviève 250 shares
Capital transactions
- 14-02-2024 Converted to unavailable equity · €18,600
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| MICHEL Geneviève |
|
| HERICKX Xavier |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Assemblée générale peut désigner un ou plusieurs et déterminer pouvoirs et émoluments, administrateurs en fonction si aucun autre désigné”
Articles of association, deed of 14-02-2024 (in French)
Network & group
TECHNOTEC shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of TECHNOTEC. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
14-02
Gazette deed
Change of role: MICHEL Geneviève, from gérant non statutaire to directorShareholding · Capital · Purpose change27 points ▸
- General meeting, 28-12-2023
- Other provision, 24-04-2018, “statuts non modifiés depuis” (deed in French)
- HERICKX Xavier holds 250 shares
- MICHEL Geneviève holds 250 shares
- Capital
- Director in office, MICHEL Geneviève (seule administratrice)
- Other provision, “ordre du jour point 1, rapport de l’organe d’administration conformément à article 5:101 CSA” (deed in French)
- Other provision, “ordre du jour point 2, adapter les statuts aux dispositions du Code des sociétés et des associations” (deed in French)
- Other provision, “ordre du jour point 3, supprimer le compte de capitaux propres statutairement indisponible et le mettre à disposition pour distribution future” (deed in French)
- Other provision, “ordre du jour point 4, adoption de nouveaux statuts en concordance avec le Code des sociétés et des associations” (deed in French)
- Other provision, “ordre du jour point 5 démissions et nominations, démission gérant(s),décharge gérant(s),nomination administrateur(s)” (deed in French)
- Other provision, “ordre du jour points 6-7, siège,mission au notaire d’établir et déposer la coordination des statuts” (deed in French)
- The act holds 15 more points.
Show earlier events
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
Invoicing and payment
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 0477.377.283
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 55402E0177/00H006 | Wallonia | 923 m² | 1 · 116 m² | 8.5 m · 2 |