TECHSWAP
Open bankruptcyFinancials · financial year 2025, full format
2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00437524.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€177,692▼ 69.5%
2024 · -€104,833
Working capital
-€205,351▼ 468%
2024 · -€36,160
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €164,148 in 2025 against €87,179 in 2024; the loss grows and 2025 has the lowest 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-€164,148
2025
Net result-€177,692
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€108,772
2025
Equity-€193,864
2025
Debt€302,636
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€205,351
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-163.4%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-178.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.31
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)2.4
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles: 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), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€55,583-€18,681▼ 66.4%-€100,270€15,319€16,403▲ 7.1%€34,440▲ 110%-€87,179-€164,148▼ 88.3%
Net result€42,342-€1,116▼ 97.4%-€107,596below the sector's middle half€9,171within the sector's middle half€10,145within the sector's middle half▲ 10.6%€23,068within the sector's middle half▲ 127%-€104,833below the sector's middle half-€177,692below the sector's middle half▼ 69.5%
Equity€152,756-€153,872▲ 0.7%€46,276within the sector's middle half▼ 69.9%€55,447within the sector's middle half▲ 19.8%€65,592within the sector's middle half▲ 18.3%€88,660within the sector's middle half▲ 35.2%-€16,172below the sector's middle half-€193,864below the sector's middle half▼ 1,099%
Total assets€487,110-€531,438▲ 9.1%€299,175within the sector's middle half▼ 43.7%€261,955within the sector's middle half▼ 12.4%€325,482below the sector's middle half▲ 24.3%€298,531below the sector's middle half▼ 8.3%€355,245below the sector's middle half▲ 19.0%€108,772below the sector's middle half▼ 69.4%
Debt€334,355-€377,566▲ 12.9%€252,899▼ 33.0%€206,508▼ 18.3%€259,890▲ 25.8%€209,870▼ 19.2%€371,417▲ 77.0%€302,636▼ 18.5%
Working capital€117,554-€132,743▲ 12.9%€73,212within the sector's middle half▼ 44.8%€59,685within the sector's middle half▼ 18.5%€50,600within the sector's middle half▼ 15.2%€73,068within the sector's middle half▲ 44.4%-€36,160below the sector's middle half-€205,351below the sector's middle half▼ 468%
Solvency31.4%-29.0%▼ 2.4pp15.5%within the sector's middle half▼ 13.5pp21.2%within the sector's middle half▲ 5.7pp20.2%within the sector's middle half▼ 1.0pp29.7%within the sector's middle half▲ 9.5pp-4.6%below the sector's middle half▼ 34.3pp-178.2%below the sector's middle half▼ 173.7pp
Current ratio1.39-1.41▲ 0.021.37within the sector's middle half▼ 0.031.32within the sector's middle half▼ 0.061.21within the sector's middle half▼ 0.111.35within the sector's middle half▲ 0.150.90below the sector's middle half▼ 0.450.31below the sector's middle half▼ 0.59
Return on assets (ROA)8.7%-0.2%▼ 8.5pp-36.0%below the sector's middle half▼ 36.2pp3.5%within the sector's middle half▲ 39.5pp3.1%within the sector's middle half▼ 0.4pp7.7%within the sector's middle half▲ 4.6pp-29.5%below the sector's middle half▼ 37.2pp-163.4%below the sector's middle half▼ 133.9pp
Staff (FTE)11.5-9.5▼ 17.4%8.4within the sector's middle half▼ 11.6%8.5within the sector's middle half▲ 1.2%5.6within the sector's middle half▼ 34.1%4.8within the sector's middle half▼ 14.3%3.5within the sector's middle half▼ 27.1%2.4below the sector's middle half▼ 31.4%
above
within
below
the middle half of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles: 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.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €108,772
Fixed assets
€18,553 ▼ 45.1%
Current assets
€90,219 ▼ 71.9%
Equity and liabilities
Equity-€193,864
Debt€302,636
Equity is negative: debt (€302,636) exceeds the balance-sheet total (€108,772).
Key figures and ratios
EBITDA
-€151,780▼
2024 · -€73,345
Cash flow
-€165,324▼
2024 · -€90,998
Quick ratio
0.25▼
2024 · 0.80
Interest coverage
-11.32▼
2024 · -4.25
Debt ≤ 1 year
€295,570▼
2024 · €357,610
Debt > 1 year
€7,066▼
2024 · €13,807
Income taxes
€141▼
2024 · €419
Staff costs
€59,995▼
2024 · €91,873
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,037 | - | €4,959 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €68,433 | €115,670 | €93,789 | €91,873 | €59,995 | ▼ 34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,819 | €31,491 | €23,347 | €22,774 | €12,352 | €11,391 | €13,835 | €12,368 | ▼ 10.6% |
| Other operating charges640/8 | - | - | - | €6,512 | €6,310 | €5,703 | €9,066 | €5,586 | ▼ 38.4% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €2,249 | - | - |
| Gross operating margin9900 | €587,788 | €589,516 | €50,672 | €113,038 | €150,734 | €145,323 | €29,843 | -€86,199 | - |
| Operating profit (loss)9901 | €55,583 | €18,681 | -€100,270 | €15,319 | €16,403 | €34,440 | -€87,179 | -€164,148 | ▼ 88.3% |
| Financial income75/76B | - | - | - | €148 | €67 | €550 | €28 | €8 | ▼ 70.5% |
| Recurring financial income75 | €16,271 | €44 | €239 | €148 | €67 | €550 | €28 | €8 | ▼ 70.5% |
| Financial charges65/66B | - | - | - | €6,295 | €6,059 | €11,481 | €17,263 | €13,411 | ▼ 22.3% |
| Recurring financial charges65 | €7,156 | €11,944 | €7,303 | €6,295 | €6,059 | €11,481 | €17,263 | €13,411 | ▼ 22.3% |
| Profit (loss) for the period before taxes9903 | €64,698 | €6,780 | -€107,334 | €9,171 | €10,411 | €23,509 | -€104,414 | -€177,551 | ▼ 70.0% |
| Income taxes67/77 | €22,356 | €5,664 | €262 | - | €266 | €441 | €419 | €141 | ▼ 66.3% |
| Profit (loss) for the period9904 | €42,342 | €1,116 | -€107,596 | €9,171 | €10,145 | €23,068 | -€104,833 | -€177,692 | ▼ 69.5% |
| Profit (loss) for the period to be appropriated9905 | €42,342 | €1,116 | -€107,596 | €9,171 | €10,145 | €23,068 | -€104,833 | -€177,692 | ▼ 69.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €487,110 | €531,438 | €299,175 | €261,955 | €325,482 | €298,531 | €355,245 | €108,772 | ▼ 69.4% |
| Fixed assets21/28 | €66,009 | €73,695 | €29,984 | €13,452 | €28,408 | €18,970 | €33,795 | €18,553 | ▼ 45.1% |
| Intangible fixed assets21 | - | €933 | €467 | - | €10,974 | €7,225 | €3,263 | - | - |
| Tangible fixed assets22/27 | €66,009 | €72,762 | €29,517 | €13,452 | €17,434 | €11,745 | €30,532 | €18,553 | ▼ 39.2% |
| Plant, machinery and equipment23 | - | - | - | €998 | €2,812 | €3,164 | €19,349 | €13,287 | ▼ 31.3% |
| Furniture and vehicles24 | - | - | - | €10,735 | €13,168 | €7,392 | €10,153 | €4,396 | ▼ 56.7% |
| Other tangible fixed assets26 | - | - | - | €1,719 | €1,454 | €1,189 | €1,029 | €870 | ▼ 15.5% |
| Current assets29/58 | €421,101 | €457,743 | €269,191 | €248,503 | €297,074 | €279,561 | €321,450 | €90,219 | ▼ 71.9% |
| Stocks and contracts in progress3 | €157,172 | €104,836 | €47,719 | €40,917 | €48,426 | €53,690 | €35,906 | €16,433 | ▼ 54.2% |
| Stocks30/36 | - | - | - | €40,917 | €48,426 | €53,690 | €35,906 | €16,433 | ▼ 54.2% |
| Amounts receivable within one year40/41 | €226,400 | €347,124 | €212,281 | €205,734 | €248,647 | €221,024 | €280,706 | €70,403 | ▼ 74.9% |
| Trade receivables40 | - | - | - | €195,984 | €220,698 | €197,872 | €207,822 | €26,733 | ▼ 87.1% |
| Other amounts receivable41 | - | - | - | €9,750 | €27,949 | €23,153 | €72,884 | €43,670 | ▼ 40.1% |
| Cash at bank and in hand54/58 | €37,530 | €5,784 | €9,190 | €1,852 | €1 | €4,847 | €4,838 | €3,383 | ▼ 30.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €487,110 | €531,438 | €299,175 | €261,955 | €325,482 | €298,531 | €355,245 | €108,772 | ▼ 69.4% |
| Equity10/15 | €152,756 | €153,872 | €46,276 | €55,447 | €65,592 | €88,660 | -€16,172 | -€193,864 | ▼ 1,099% |
| Contributions10/11 | €112,000 | €112,000 | €112,000 | €112,000 | €112,000 | €112,000 | €112,000 | €112,000 | = |
| Capital10 | - | - | - | €112,000 | €112,000 | €112,000 | €112,000 | €112,000 | = |
| Issued capital100 | - | - | - | €112,000 | €112,000 | €112,000 | €112,000 | €112,000 | = |
| Reserves13 | €11,200 | €11,200 | €11,200 | €11,200 | €11,200 | €11,200 | €11,200 | €11,200 | = |
| Non-distributable reserves130/1 | - | - | - | €11,200 | €11,200 | €11,200 | €11,200 | €11,200 | = |
| Legal reserve130 | - | - | - | €11,200 | €11,200 | €11,200 | €11,200 | €11,200 | = |
| Profit (loss) carried forward14 | €29,556 | €30,672 | -€76,924 | -€67,753 | -€57,608 | -€34,540 | -€139,372 | -€317,064 | ▼ 127% |
| Amounts payable17/49 | €334,355 | €377,566 | €252,899 | €206,508 | €259,890 | €209,870 | €371,417 | €302,636 | ▼ 18.5% |
| Amounts payable after more than one year17 | €30,808 | €52,566 | €56,920 | €17,690 | €13,415 | €3,377 | €13,807 | €7,066 | ▼ 48.8% |
| Financial debts170/4 | - | - | - | €17,690 | €13,415 | €3,377 | €13,807 | €7,066 | ▼ 48.8% |
| Amounts payable within one year42/48 | €303,547 | €325,000 | €195,978 | €188,818 | €246,474 | €206,493 | €357,610 | €295,570 | ▼ 17.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €18,230 | €16,242 | €10,038 | €9,807 | €6,741 | ▼ 31.3% |
| Financial debts43 | - | - | - | €48,482 | €76,249 | €76,203 | €114,515 | €37,574 | ▼ 67.2% |
| Credit institutions430/8 | - | - | - | €14,282 | €42,049 | €42,003 | €80,315 | €3,374 | ▼ 95.8% |
| Other loans439 | - | - | - | €34,200 | €34,200 | €34,200 | €34,200 | €34,200 | = |
| Trade debts44 | €160,876 | €139,409 | €87,453 | €94,774 | €126,244 | €82,808 | €143,002 | €83,968 | ▼ 41.3% |
| Suppliers440/4 | - | - | - | €94,774 | €126,244 | €82,808 | €143,002 | €83,968 | ▼ 41.3% |
| Taxes, remuneration and social security45 | - | - | - | €26,754 | €24,847 | €33,215 | €70,839 | €76,399 | ▲ 7.8% |
| Taxes450/3 | - | - | - | €25,885 | €24,177 | €21,980 | €61,758 | €70,020 | ▲ 13.4% |
| Remuneration and social security454/9 | - | - | - | €870 | €670 | €11,236 | €9,081 | €6,378 | ▼ 29.8% |
| Other amounts payable47/48 | - | - | - | €577 | €2,892 | €4,228 | €19,446 | €90,889 | ▲ 367% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42,342 | €1,116 | -€107,596 | €9,171 | €10,145 | €23,068 | -€104,833 | -€177,692 | ▼ 69.5% |
| + Depreciation and write-downs630 | €23,819 | €31,491 | €23,347 | €22,774 | €12,352 | €11,391 | €13,835 | €12,368 | ▼ 10.6% |
| Operating cash flow (approximation) | €66,161 | €32,607 | -€84,249 | €31,946 | €22,497 | €34,459 | -€90,998 | -€165,324 | ▼ 81.7% |
| Investment in fixed assets (approximation) | - | -€39,177 | €20,364 | -€6,243 | -€27,308 | -€1,952 | -€28,660 | €2,874 | - |
| Change in cash | - | -€31,746 | €3,407 | -€7,339 | -€1,851 | €4,846 | -€9 | -€1,455 | ▼ 16,696% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 26-08-2026 | 2026-00437524 |
| 31-12-2024 | full format | 21-08-2025 | 2025-00393690 |
| 31-12-2023 | full format | 07-08-2024 | 2024-00335771 |
| 31-12-2022 | full format | 17-08-2023 | 2023-00338878 |
| 31-12-2021 | full format | 27-06-2022 | 2022-20102692 |
| 31-12-2020 | full format | 27-07-2021 | 2021-42800323 |
| 31-12-2019 | full format | 29-06-2020 | 2020-22800071 |
| 31-12-2018 | full format | 18-07-2019 | 2019-34700075 |
| 31-12-2017 | full format | 22-08-2018 | 2018-51800495 |
| 31-12-2016 | full format | 06-07-2017 | 2017-28500284 |
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Of the 852 active companies whose main activity is repair and maintenance of computers and communication equipment (NACE 95100), figures are known for 271. 42 are within a factor 10 of this headcount. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.