Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of TECHSTOR is 5.2% (elevated). The 2023 annual accounts show equity of €110k and a net result of €2k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 86% of 310 sector peers (fiscal year 2023). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 6 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone5.2%
Elevated
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Higher-failure-rate region
+Multiple establishment units
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
2 signals · with evidenceStrong solvency vs sector
Solvency is in the sector's strongest quartile: better than 86% of 310 peers (2023). A comfortable equity buffer.
View the sector comparison Growing equity
Equity grew over 2021-2023. Profits are largely retained rather than distributed.
View the equity trend Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideAnnual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 392 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 16-08-2025, 381 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 16-08-2025 | 381 d late | 2025-00380577 |
| 31-12-2022 | 31-07-2023 | 19-02-2024 | 203 d late | 2024-00034929 |
| 31-12-2021 | 31-07-2022 | 31-08-2022 | 31 d late | 2022-20371252 |
| 31-12-2020 | 31-07-2021 | 16-02-2022 | 200 d late | 2022-05800143 |
| 31-12-2019 | 31-07-2020 | 01-02-2021 | 185 d late | 2021-04700567 |
| 31-12-2018 | 31-07-2019 | 10-02-2020 | 194 d late | 2020-04800234 |
| 31-12-2017 | 31-07-2018 | 30-09-2018 | 61 d late | 2018-68000363 |
| 31-12-2016 | 31-07-2017 | 16-11-2017 | 108 d late | 2017-69800021 |
| 31-12-2015 | 31-07-2016 | 18-11-2016 | 110 d late | 2016-68100187 |
| 31-12-2014 | 31-07-2015 | 14-10-2015 | 75 d late | 2015-65000391 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsLong-established
Founded in 2003, 23 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
Turnover€406k+40.6%
EBIT margin2.0%-2.3pp
Net result€2k
Working capital€105k+18.1%
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 16-08-2025 with the NBB · fiscal year 2023 · volledig
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Gross margin: declining trend of ~7.5%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2023 · NACE 56, Food & beverage service · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 53.7% | 13.1% | |
| Net result | €2k | €2k | |
| Equity | €110k | €16k | |
| Gross operating margin | €13k | €133k | |
| Total assets | €204k | €219k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P86
Improving position over 2020-2023
· n=215-310
P51
Stable position over 2020-2023
· n=215-311
P77
Stable position over 2020-2023
· n=219-312
P20
Weakening position over 2020-2023
· n=201-299
Describes the position versus peers, not a forecast.
€406k
+40.6%
18-23
€9k
-63.8%
18-23
€2k
-
18-23
€12k
-9.9%
18-23
€204k
-8.0%
18-23
€110k
+1.8%
18-23
€105k
+18.1%
18-23
€9k
+168.1%
18-23
Show 12 other metrics
€94k
-17.2%
18-23
€62k
-27.3%
18-23
€33k
+12.4%
18-23
2.70
+31.9%
18-23
2.65
+34.8%
18-23
53.7%
+10.6%
18-23
0.86
-18.7%
18-23
1.8%
-
18-23
1.0%
-
18-23
-2.5%
+31.2%
18-23
7.5%
-41.4%
18-23
3.91
+11.3%
18-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €9k |
| Net profit | €2k |
| Cash flow | €12k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €204k |
| Equity | €110k |
| Debt | €94k |
| of which ≤ 1y | €62k |
| of which > 1y | €33k |
| Working capital | €105k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 2.70 |
| Quick ratio | 2.65 |
| Working capital ratio | 51.4% |
| Solvency | 53.7% |
| Debt / equity | 0.86 |
| Long-term debt ratio | 0.30 |
| Interest coverage | 3.91 |
| Gross margin | - |
| Net margin | - |
| ROA | 1.0% |
| ROE | 1.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €204k |
| Fixed assets | 21/28 | €37k |
| Tangible fixed assets | 22/27 | €35k |
| Financial fixed assets | 28 | €3k |
| Current assets | 29/58 | €167k |
| Stocks & contracts in progress | 3 | €3k |
| Amounts receivable within one year | 40/41 | €154k |
| Cash & bank | 54/58 | €3k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €204k |
| Equity | 10/15 | €110k |
| Contributions / capital | 10/11 | €90k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €18k |
| Amounts payable | 17/49 | €94k |
| Amounts payable after one year | 17 | €33k |
| Amounts payable within one year | 42/48 | €62k |
| Trade debts payable within one year | 44 | €50k |
| Income statement | ||
| Gross operating margin | 9900 | €13k |
| Operating result | 9901 | €-1k |
| Financial income | 75 | €6k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €2k |
| Net result for the period | 9904 | €2k |
| Result to be appropriated | 9905 | €2k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
SEREMET SergiuManagerState Gazette act 23165715 (27-12-2023)Current27-12-2023 → present
Former directors (1)
-
MUNTEANU AnastasiaManagerState Gazette act 23165715 (27-12-2023)Former- → 14-09-2023
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Cafés en bars(56301) |
| Legal form | Private limited company(610) |
| Incorporation | 26-03-2003 |
| Status | Active |
| Postal code | 1150 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
de Hinnisdaellaan 21/231150 Sint-Pieters-WoluweEstablishment units
3 locationsROYAL P.U.C.
since 20032.127.138.932
Business Center 483
since 20142.227.020.228
ELBERG STALLE
since 20142.235.012.731
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area1,854 m²
Buildings3
Building footprint768 m²
Volume (LiDAR)7,510 m³
Tallest building26.5 m · ±5 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614E0084/00M000 | Brussels | 1,405 m² | 1 · 462 m² | 26.5 m · 2 fl. |
| 21683D0033/00A007 | Brussels | 371 m² | 1 · 227 m² | 19.4 m · 5 fl. |
| 21616G0097/00G004 | Brussels | 78 m² | 1 · 79 m² | 13.0 m · 4 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
3 acts Capital history · 1
27-12-2023
Capital change
Address history · 1
01-07-2025
Registered-office move
All acts · 3
updated 1 year ago
2025
01-07-2025 Registered office moved within Bruxelles
- AVENUE PAUL HYMANS 12-1200 - BRUXELLES → avenue de Hinnisdael 21/23.à 1150 Bruxelles
2024
10-01-2024 Discharge granted to the board
Notary:
Danielle Duhen · Berchem-Sainte-Agathe
2023
27-12-2023 All shares are now held by a single shareholder
Analysis
Financial profile
5 of 5 axes measured77
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
9
Solvency
97
Growth
85
Stability
100
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 0775.909.730 · Harelbeke
BE 0766.325.140 · Tongeren-Borgloon
BE 0792.715.969 · Lille
BE 0787.229.729 · Ravels
BE 0693.972.048 · Ukkel
We hold annual accounts for 1,391 of the 13,912 companies in this sector. 905 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Cafés en bars56301Overige werkzaamheden in verband met de afwerking van gebouwen43350Catering van evenementen56210Algemene reiniging van gebouwen81210Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110
Primary activity highlighted.
Names & trade names
| Legal nameFR | TECHSTOR |
Registered office
de Hinnisdaellaan 21/23
1150 Sint-Pieters-Woluwe, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.