Equity
TechTask has made a profit in every financial year since 2022.
TechTask has made a profit in every financial year since 2022.
The micro format states no turnover.
Green is investment, beige is depreciation. Machinery stands 117.3% higher than in 2024.
Short-term debts fell from €72,482 to €54,655.
The 2022 accounts came 10 days late. The other three were filed on time.
More equity than 83% of companies in repair and installation of machinery. Sector median €53,423 · 1,801 companies.
In July 2024, 39,274 companies had the same profile as TechTask has now. Each dot stands for 99 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 39,274 companies, not a prediction for TechTask. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| TechTask Butgenbach | €303,730 | €103,724 | 56.5% | - |
| Powershop Palmaers Bilzen-Hoeselt | €283,146 | €101,576 | 34.6% | 0.4 |
| Dewulf Technics Kortemark | €361,783 | €107,077 | 51.0% | - |
| Comergo Machinery Eeklo | €272,704 | €99,024 | 64.9% | - |
| CBT Services Jalhay | €247,775 | €88,069 | 69.4% | - |
| JWORKX Berlare | €266,178 | €81,473 | 55.7% | - |
| NICK VANDERMEERSCH Veurne | €396,638 | €115,632 | 1.3% | - |
These companies have the same main activity as TechTask: repair and maintenance of machinery (NACE 33120). They are comparable in size and age: total assets between €248,000 and €397,000, founded between 2021 and 2022.
TechTask files the micro format. That format states no turnover. The gross margin rose from €54,887 in 2022 to €103,724 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €260,000. Estimated: probably between €170,000 and €400,000.
Higher than 62% of 1,800 companies in 2025.
Higher than 77% of 1,758 companies in 2025.
Higher than 54% of 1,765 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
303,730 | 237,868 | 148,078 | 111,893 | |
21/28 |
114,616 | 78,096 | 45,602 | 36,536 | |
22/27 |
114,616 | 78,096 | 45,602 | 36,536 | |
23 |
85,600 | 39,397 | 44,355 | 34,356 | |
24 |
29,015 | 38,698 | 1,247 | 2,180 | |
29/58 |
189,115 | 159,772 | 102,476 | 75,357 | |
40/41 |
51,458 | 90,728 | 58,726 | 59,917 | |
40 |
50,238 | 85,079 | 52,115 | 57,645 | |
41 |
1,220 | 5,649 | 6,611 | 2,272 | |
54/58 |
134,657 | 66,192 | 42,708 | 14,519 | |
490/1 |
3,000 | 2,852 | 1,042 | 921 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
303,730 | 237,868 | 148,078 | 111,893 | |
10/15 |
171,578 | 133,231 | 77,467 | 52,002 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | |
13 |
161,578 | 123,231 | 67,467 | 42,002 | |
133 |
161,578 | 123,231 | 67,467 | 42,002 | |
17/49 |
132,152 | 104,637 | 70,610 | 59,891 | |
17 |
75,701 | 30,150 | - | - | |
170/4 |
75,701 | 30,150 | - | - | |
42/48 |
54,655 | 72,482 | 69,185 | 59,891 | |
42 |
24,475 | 8,784 | - | - | |
44 |
4,270 | 24,748 | 36,048 | 25,401 | |
440/4 |
4,270 | 24,748 | 36,048 | 25,401 | |
45 |
909 | 13,950 | 8,138 | 9,490 | |
450/3 |
909 | 13,950 | 6,627 | 9,490 | |
454/9 |
- | - | 1,511 | - | |
47/48 |
25,000 | 25,000 | 25,000 | 25,000 | |
492/3 |
1,797 | 2,005 | 1,425 | - | |
| Income statement | |||||
76A |
- | 2,253 | - | - | |
9900 |
103,724 | 114,760 | 50,262 | 54,887 | |
630 |
34,942 | 21,948 | 10,269 | 2,808 | |
640/8 |
17,358 | 19,560 | 6,574 | 513 | |
9901 |
51,424 | 73,252 | 33,419 | 51,566 | |
75/76B |
118 | - | - | 0 | |
75 |
118 | - | - | 0 | |
65/66B |
4,851 | 3,535 | 1,553 | 74 | |
65 |
4,851 | 3,535 | 1,553 | 74 | |
9903 |
46,690 | 69,717 | 31,865 | 51,492 | |
67/77 |
8,343 | 13,954 | 6,400 | 9,490 | |
9904 |
38,347 | 55,764 | 25,465 | 42,002 | |
9905 |
38,347 | 55,764 | 25,465 | 42,002 | |
| Appropriation of the result | |||||
9906 |
38,347 | 55,764 | 25,465 | 42,002 | |
691/2 |
38,347 | 55,764 | 25,465 | 42,002 | |
6921 |
38,347 | 55,764 | 25,465 | 42,002 | |
| Document | |||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 07-07-2026.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 86,366 | 95,200 | 43,688 | 54,374 | ||
| 73,290 | 77,712 | 35,734 | 44,810 | ||
| 71,462 | 55,689 | 19,335 | 39,344 | ||
| 68,465 | 23,484 | 28,189 | - | ||
| 134,460 | 87,290 | 33,291 | 15,466 | ||
| 56.5% | 56.0% | 52.3% | 46.5% | ||
| 3.46 | 2.20 | 1.48 | 1.26 | ||
| 0.77 | 0.79 | 0.91 | 1.15 | ||
| 22.3% | 41.9% | 32.9% | 80.8% | ||
| 12.6% | 23.4% | 17.2% | 37.5% | ||
| 17.80 | 26.93 | 28.12 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €71,462 | €55,689 | €19,335 | €39,344 |
| €34,942 | €21,948 | €10,269 | €2,808 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 30% lower than in 2024.
Debt's share of the balance-sheet total falls from 44.0% to 43.5%. Equity and debt are higher.
TechTask has no parent and no holdings in its annual accounts. is the only director. TechTask shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Zur Domäne 35 registered office 4750 Butgenbach | 11-03-2022 | 2.328.624.956 |
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