TECHPROJECT
ActiveSummary
TECHPROJECT has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,600 and a net result of €47,672. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency47▼-9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.28 in 2024; short-term debt: 78.3% and cash: 79.9% of total assets), and 78.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21.7%
Return on assets
55.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9557 sector peers (2025).
NBB · sector comparisonPosition among 9557 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-02-2026, 163 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
163 d early
2024
136 d early
2023
93 d early
2022
70 d early
2021
132 d early
2020
106 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 105 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 21 March (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,600▼ 28.1%
2024 · €25,876
Total assets
€85,852▲ 1.6%
2024 · €84,523
Net result
€47,672▲ 89.6%
2024 · €25,148
Working capital
€16,377▼ 0.1%
2024 · €16,401
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€52,199▼ 14.3%€65,351▲ 25.2%€39,234▼ 40.0%€32,786▼ 16.4%€60,774▲ 85.4%
Net result€40,771above the sector's middle half▼ 15.5%€51,660above the sector's middle half▲ 26.7%€30,269within the sector's middle half▼ 41.4%€25,148within the sector's middle half▼ 16.9%€47,672above the sector's middle half▲ 89.6%
Equity€169,439above the sector's middle half▲ 31.7%€20,460below the sector's middle half▼ 87.9%€50,729within the sector's middle half▲ 148%€25,876within the sector's middle half▼ 49.0%€18,600below the sector's middle half▼ 28.1%
Total assets€182,181within the sector's middle half▲ 32.9%€81,360within the sector's middle half▼ 55.3%€60,187below the sector's middle half▼ 26.0%€84,523within the sector's middle half▲ 40.4%€85,852within the sector's middle half▲ 1.6%
Debt€12,742▲ 51.0%€60,900▲ 378%€9,458▼ 84.5%€58,646▲ 520%€67,252▲ 14.7%
Working capital€146,480above the sector's middle half▲ 47.4%-€6,839below the sector's middle half€32,478within the sector's middle half€16,401within the sector's middle half▼ 49.5%€16,377within the sector's middle half▼ 0.1%
Solvency93.0%above the sector's middle half▼ 0.8pp25.1%below the sector's middle half▼ 67.9pp84.3%above the sector's middle half▲ 59.1pp30.6%within the sector's middle half▼ 53.7pp21.7%below the sector's middle half▼ 8.9pp
Current ratio12.50above the sector's middle half▼ 0.280.89below the sector's middle half▼ 11.614.43above the sector's middle half▲ 3.551.28within the sector's middle half▼ 3.151.24within the sector's middle half▼ 0.04
Return on assets (ROA)22.4%within the sector's middle half▼ 12.8pp63.5%above the sector's middle half▲ 41.1pp50.3%above the sector's middle half▼ 13.2pp29.8%above the sector's middle half▼ 20.5pp55.5%above the sector's middle half▲ 25.8pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 85% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85,852
Fixed assets
€2,223 ▼ 76.5%
Current assets
€83,629 ▲ 11.4%
Equity and liabilities €85,852
Equity
€18,600 ▼ 28.1%
Debt
€67,252 ▲ 14.7%
Debt's share of the balance-sheet total rises from 69.4% to 78.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€64,887▲
2024 · €41,511
Cash flow
€51,785▲
2024 · €33,873
Debt to equity
3.62▲
2024 · 2.27
ROE
256.3%▲
2024 · 97.2%
Interest coverage
636.15▲
2024 · 336.09
Debt ≤ 1 year
€67,252▲
2024 · €58,646
Income taxes
€13,000▲
2024 · €7,514
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 6,706 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €63 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,955 | €7,897 | €9,048 | €8,725 | €4,113 | ▼ 52.9% |
| Other operating charges640/8 | - | €619 | €670 | €682 | €701 | ▲ 2.7% |
| Non-recurring operating charges66A | - | - | - | €51 | €4,162 | ▲ 8,123% |
| Gross operating margin9900 | €59,751 | €73,867 | €48,952 | €42,244 | €69,749 | ▲ 65.1% |
| Operating profit (loss)9901 | €52,199 | €65,351 | €39,234 | €32,786 | €60,774 | ▲ 85.4% |
| Financial income75/76B | - | - | €0 | - | - | - |
| Recurring financial income75 | €0 | - | €0 | - | - | - |
| Financial charges65/66B | - | €182 | €132 | €124 | €102 | ▼ 17.4% |
| Recurring financial charges65 | €132 | €182 | €132 | €124 | €102 | ▼ 17.4% |
| Profit (loss) for the period before taxes9903 | €52,067 | €65,169 | €39,102 | €32,662 | €60,672 | ▲ 85.8% |
| Income taxes67/77 | €11,296 | €13,509 | €8,834 | €7,514 | €13,000 | ▲ 73.0% |
| Profit (loss) for the period9904 | €40,771 | €51,660 | €30,269 | €25,148 | €47,672 | ▲ 89.6% |
| Profit (loss) for the period to be appropriated9905 | €40,771 | €51,660 | €30,269 | €25,148 | €47,672 | ▲ 89.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182,181 | €81,360 | €60,187 | €84,523 | €85,852 | ▲ 1.6% |
| Fixed assets21/28 | €22,959 | €27,299 | €18,251 | €9,475 | €2,223 | ▼ 76.5% |
| Tangible fixed assets22/27 | €22,344 | €26,684 | €17,636 | €8,860 | €1,863 | ▼ 79.0% |
| Furniture and vehicles24 | - | €25,313 | €16,981 | €8,860 | €951 | ▼ 89.3% |
| Other tangible fixed assets26 | - | €1,371 | €655 | - | €912 | - |
| Financial fixed assets28 | €615 | €615 | €615 | €615 | €360 | ▼ 41.5% |
| Current assets29/58 | €159,222 | €54,060 | €41,936 | €75,047 | €83,629 | ▲ 11.4% |
| Amounts receivable within one year40/41 | €13,782 | €15,356 | €26,586 | €11,899 | €14,408 | ▲ 21.1% |
| Trade receivables40 | - | €15,065 | €21,629 | €10,413 | €14,008 | ▲ 34.5% |
| Other amounts receivable41 | - | €291 | €4,957 | €1,486 | €400 | ▼ 73.1% |
| Cash at bank and in hand54/58 | €145,440 | €34,968 | €15,350 | €63,148 | €68,638 | ▲ 8.7% |
| Deferred charges and accrued income490/1 | - | €3,737 | - | - | €583 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182,181 | €81,360 | €60,187 | €84,523 | €85,852 | ▲ 1.6% |
| Equity10/15 | €169,439 | €20,460 | €50,729 | €25,876 | €18,600 | ▼ 28.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | €161,379 | - | €30,269 | €5,416 | - | - |
| Amounts payable17/49 | €12,742 | €60,900 | €9,458 | €58,646 | €67,252 | ▲ 14.7% |
| Amounts payable within one year42/48 | €12,742 | €60,900 | €9,458 | €58,646 | €67,252 | ▲ 14.7% |
| Financial debts43 | - | - | - | - | €152 | - |
| Credit institutions430/8 | - | - | - | - | €152 | - |
| Trade debts44 | €1,712 | €429 | €431 | €155 | €720 | ▲ 364% |
| Suppliers440/4 | - | €429 | €431 | €155 | €720 | ▲ 364% |
| Taxes, remuneration and social security45 | - | €7,474 | €8,222 | €13,563 | €15,606 | ▲ 15.1% |
| Taxes450/3 | - | €7,474 | €8,222 | €13,563 | €15,606 | ▲ 15.1% |
| Other amounts payable47/48 | - | €52,997 | €806 | €44,928 | €50,774 | ▲ 13.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,771 | €51,660 | €30,269 | €25,148 | €47,672 | ▲ 89.6% |
| + Depreciation and write-downs630 | €6,955 | €7,897 | €9,048 | €8,725 | €4,113 | ▼ 52.9% |
| Operating cash flow (approximation) | €47,727 | €59,557 | €39,317 | €33,873 | €51,785 | ▲ 52.9% |
| Investment in fixed assets (approximation) | - | -€12,237 | €0 | €51 | €3,140 | ▲ 6,104% |
| Change in cash | - | -€110,472 | -€19,618 | €47,799 | €5,490 | ▼ 88.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €25,148 ▼16.9%
Net result drops to €25,148, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 4.43
Current ratio from 0.89 to 4.43; short-term debt falls from €60,900 to €9,458.
22-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €51,660 ▲26.7%
Operating result €65,351, net result €51,660, both a record.
21-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €169,439 ▲31.7%
4 profitable years in a row build equity to €169,439.
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €128,668 ▲59.9%
3 profitable years in a row build equity to €128,668.
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 18current ratio 44.39
Current ratio from 2.41 to 44.39; short-term debt falls from €20,260 to €1,543.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 2017
Ground area
377 m²
Building footprint
88 m²
Volume, LiDAR
843 m³
Parcel 21652E0027/00E006, Brussels · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
TECHPROJECT
since 20172.271.081.685
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0027/00E006 | Brussels | 377 m² | 1 · 88 m² | 12.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 3,883 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0685498406
Also
9925:BE0685498406
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.