TECHWIN SOFTWARE
ActiveSummary
TECHWIN SOFTWARE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €58k. Equity is shrinking by ~21% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 19% of 2699 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▲+6
Solvency33▼-7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 2.19 in 2024; short-term debt: 35.9% and cash: 62.6% of total assets), but 91.7% of the assets are financed with debt.
Credit check for your own amount and term
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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
8.3%
Return on assets
13.4%
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 19% of 2699 sector peers (2025).
NBB · sector comparisonPosition among 2699 sector peers
Solvency
better than 19%
← 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 26-02-2026, 155 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
155 d early
2024
51 d early
2023
50 d early
2022
59 d early
2021
60 d early
2020
49 d early
2019
30 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€36k▼ 53.3%
2024 · €78k
2018: €397khighest in 8 years
2019: €324k▼ -18.3% vs 2018
2020: €233k▼ -28.2% vs 2019
2021: €233k▲ +0.2% vs 2020
2022: €281k▲ +20.5% vs 2021
2023: €154k▼ -45.3% vs 2022
2024: €78k▼ -49.4% vs 2023
2025: €36k▼ -53.3% vs 2024lowest in 8 years
2018 → 2025
Total assets
€437k▼ 16.7%
2024 · €524k
2018: €656k
2019: €649k▼ -1.1% vs 2018
2020: €660k▲ +1.8% vs 2019highest in 8 years
2021: €568k▼ -14.0% vs 2020
2022: €527k▼ -7.1% vs 2021
2023: €428k▼ -18.9% vs 2022lowest in 8 years
2024: €524k▲ +22.5% vs 2023
2025: €437k▼ -16.7% vs 2024
2018 → 2025
Net result
€58k▲ 32.8%
2024 · €44k
2018: €4k
2019: €-73k▼ -1852% vs 2018
2020: €-92k▼ -26.2% vs 2019
2021: €449▲ +100% vs 2020
2022: €48k▲ +10557% vs 2021
2023: €-127k▼ -366% vs 2022lowest in 8 years
2024: €44k▲ +135% vs 2023
2025: €58k▲ +32.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€208k▼ 9.2%
2024 · €229k
2018: €295khighest in 8 years
2019: €253k▼ -14.4% vs 2018
2020: €201k▼ -20.6% vs 2019lowest in 8 years
2021: €220k▲ +9.4% vs 2020
2022: €249k▲ +13.6% vs 2021
2023: €230k▼ -7.6% vs 2022
2024: €229k▼ -0.7% vs 2023
2025: €208k▼ -9.2% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€233k-€281k▲ 20.5%€154k▼ 45.3%€78k▼ 49.4%€36k▼ 53.3%
2021: €233k
2022: €281k▲ +20.5% vs 2021highest in 5 years
2023: €154k▼ -45.3% vs 2022
2024: €78k▼ -49.4% vs 2023
2025: €36k▼ -53.3% vs 2024lowest in 5 years
Operating result€5k-€20k▲ 319%€-123k€52k€84k▲ 59.5%
2021: €5k
2022: €20k▲ +319% vs 2021
2023: €-123k▼ -722% vs 2022lowest in 5 years
2024: €52k▲ +143% vs 2023
2025: €84k▲ +59.5% vs 2024highest in 5 years
Net result€449-€48k▲ 10,557%€-127k€44k€58k▲ 32.8%
2021: €449
2022: €48k▲ +10557% vs 2021
2023: €-127k▼ -366% vs 2022lowest in 5 years
2024: €44k▲ +135% vs 2023
2025: €58k▲ +32.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 59% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €437k
Fixed assets
€72k ▼ 30.2%
Current assets
€364k ▼ 13.4%
Equity and liabilities €437k
Equity
€36k ▼ 53.3%
Debt
€400k ▼ 10.3%
Debt's share of the balance-sheet total rises from 85.1% to 91.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€106k▲
2024 · €80k
Cash flow
€81k▲
2024 · €72k
Current ratio
2.32▲
2024 · 2.19
Debt to equity
11.00▲
2024 · 5.72
ROE
160.6%▲
2024 · 56.5%
ROA
13.4%▲
2024 · 8.4%
Interest coverage
10.53▲
2024 · 10.45
Debt ≤ 1 year
€157k▼
2024 · €192k
Income taxes
€15k▲
2024 · €739
Staff costs
€280k▼
2024 · €295k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €321k | €339k | €374k | €295k | €280k | ▼ 5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63k | €53k | €41k | €28k | €22k | ▼ 19.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €35k | €57k | €-5k | €0 | ▲ 100% |
| Other operating charges640/8 | €3k | €3k | €523 | €477 | €550 | ▲ 15.2% |
| Non-recurring operating charges66A | €0 | - | - | - | - | - |
| Gross operating margin9900 | €391k | €449k | €350k | €371k | €386k | ▲ 4.2% |
| Operating profit (loss)9901 | €5k | €20k | €-123k | €52k | €84k | ▲ 59.5% |
| Financial income75/76B | €136 | €31k | €21 | €0 | €0 | - |
| Recurring financial income75 | €136 | €31k | €21 | €0 | €0 | - |
| Financial charges65/66B | €4k | €2k | €4k | €8k | €10k | ▲ 31.0% |
| Recurring financial charges65 | €4k | €2k | €4k | €8k | €10k | ▲ 31.0% |
| Profit (loss) for the period before taxes9903 | €1k | €49k | €-126k | €45k | €74k | ▲ 64.4% |
| Income taxes67/77 | €850 | €906 | €979 | €739 | €15k | ▲ 1,944% |
| Profit (loss) for the period9904 | €449 | €48k | €-127k | €44k | €58k | ▲ 32.8% |
| Profit (loss) for the period to be appropriated9905 | €449 | €48k | €-127k | €44k | €58k | ▲ 32.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €568k | €527k | €428k | €524k | €437k | ▼ 16.7% |
| Fixed assets21/28 | €198k | €174k | €134k | €103k | €72k | ▼ 30.2% |
| Intangible fixed assets21 | €120k | €73k | €40k | €20k | €0 | ▼ 100.0% |
| Tangible fixed assets22/27 | €9k | €30k | €23k | €12k | €488 | ▼ 95.9% |
| Plant, machinery and equipment23 | €3k | €11k | €7k | €2k | €0 | ▼ 100% |
| Furniture and vehicles24 | €5k | €19k | €16k | €10k | €488 | ▼ 95.0% |
| Other tangible fixed assets26 | €367 | €1 | €0 | - | - | - |
| Financial fixed assets28 | €69k | €72k | €72k | €72k | €72k | = |
| Current assets29/58 | €369k | €353k | €294k | €421k | €364k | ▼ 13.4% |
| Amounts receivable after more than one year29 | €0 | - | - | - | - | - |
| Trade receivables290 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €230k | €195k | €110k | €133k | €82k | ▼ 37.9% |
| Trade receivables40 | €230k | €194k | €110k | €133k | €82k | ▼ 37.9% |
| Other amounts receivable41 | €0 | €735 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €132k | €150k | €171k | €281k | €273k | ▼ 2.7% |
| Deferred charges and accrued income490/1 | €7k | €8k | €13k | €7k | €9k | ▲ 22.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €568k | €527k | €428k | €524k | €437k | ▼ 16.7% |
| Equity10/15 | €233k | €281k | €154k | €78k | €36k | ▼ 53.3% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €215k | €263k | €135k | €59k | €18k | ▼ 70.0% |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Tax-exempt reserves132 | €56k | €56k | €56k | €56k | €0 | ▼ 100% |
| Distributable reserves133 | €156k | €204k | €79k | €3k | €18k | ▲ 514% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €334k | €246k | €274k | €446k | €400k | ▼ 10.3% |
| Amounts payable after more than one year17 | €38k | €0 | - | - | - | - |
| Financial debts170/4 | €38k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €150k | €104k | €63k | €192k | €157k | ▼ 18.3% |
| Current portion of amounts payable after more than one year42 | €61k | €38k | €0 | - | - | - |
| Trade debts44 | €35k | €15k | €10k | €30k | €12k | ▼ 61.6% |
| Suppliers440/4 | €35k | €15k | €10k | €30k | €12k | ▼ 61.6% |
| Taxes, remuneration and social security45 | €52k | €49k | €54k | €42k | €45k | ▲ 8.4% |
| Taxes450/3 | €13k | €8k | €11k | €11k | €12k | ▲ 4.3% |
| Remuneration and social security454/9 | €38k | €41k | €43k | €30k | €33k | ▲ 10.0% |
| Other amounts payable47/48 | €2k | €2k | €0 | €120k | €100k | ▼ 16.7% |
| Accrued charges and deferred income492/3 | €146k | €142k | €210k | €254k | €243k | ▼ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €449 | €48k | €-127k | €44k | €58k | ▲ 32.8% |
| + Depreciation and write-downs630 | €63k | €53k | €41k | €28k | €22k | ▼ 19.7% |
| Operating cash flow (approximation) | €63k | €101k | €-86k | €72k | €81k | ▲ 12.4% |
| Investment in fixed assets (approximation) | - | €-29k | €-1k | €3k | €9k | ▲ 246% |
| Change in cash | - | €18k | €21k | €110k | €-8k | ▼ 107% |
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
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €58k ▲32.8%
Operating result €84k, net result €58k, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-127k
Net result drops to €-127k, the lowest in the series; recovery starts the following year.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-12
Financial
Back to profitnet €449
Net result €449 after 2 loss-making years.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Mechelen · 1 establishment unit since 1993
Ground area
2,685 m²
Building footprint
528 m²
Volume, LiDAR
3,328 m³
Parcel 12403E0856/00E000, Flanders · tallest building 7.1 m, ±2 floors. Linked by address, not a title deed.
40
companies at this address
See who is registered here
1 establishment unit
TECHWIN SOFTWARE
since 19932.062.515.453
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0856/00E000 | Flanders | 2,685 m² | 1 · 528 m² | 7.1 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 245 EUR awarded · 212 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 48 EUR |
| 2022 | 2 | 245 EUR | 164 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 16,901 companies in sector 62100 we hold annual accounts for 8,772. 6,569 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
Founded03-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
46492Wholesale trade
85599Other education
Contact
Website
www.techwin.be
Scores and ratios are computed by Checked and are not a credit decision.