TECNOLUB
ActiveThe computed 12-month bankruptcy probability of TECNOLUB is 1.7% (moderate). The 2024 annual accounts show equity of €34k and a net result of €2k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 5988 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability69=
Solvency32▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.89 against 0.85 in 2023; short-term debt: 76.2% and cash: 0.8% of total assets), and 93.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
6.5%
Return on assets
0.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 5988 sector peers (2024).
NBB · sector comparisonPosition among 5988 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
27 d late
2023
57 d late
2022
10 d late
2021
66 d late
2020
24 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€2k▲ 2.0%
2023 · €2k
2020: €305
2021: €2k
2022: €2k
2023: €2k
2020 → 2024
Working capital
€-45k▲ 29.4%
2023 · €-63k
2020: €-579
2021: €-2k
2022: €-26k
2023: €-63k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€25k-€27k▲ 7.2%€30k▲ 9.2%€32k▲ 7.9%€34k▲ 7.5%
Operating result€13k-€26k▲ 104%€20k▼ 21.9%€19k▼ 8.6%€20k▲ 10.1%
Net result€305-€2k▲ 498%€2k▲ 37.1%€2k▼ 6.5%€2k▲ 2.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 10% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €525k
Fixed assets
€169k▼ 27.4%
Current assets
€355k▼ 3.0%
Equity and liabilities €525k
Equity
€34k▲ 7.5%
Debt
€490k▼ 13.7%
The debt ratio falls from 94.7% to 93.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€97k▲
2023 · €92k
Cash flow
€79k▲
2023 · €76k
Solvency
6.5%▲
2023 · 5.3%
Current ratio
0.89▲
2023 · 0.85
Quick ratio
0.63▲
2023 · 0.62
Debt / equity
14.28▼
2023 · 17.77
ROE
6.9%▼
2023 · 7.3%
ROA
0.5%▲
2023 · 0.4%
Interest coverage
6.62▲
2023 · 6.24
Debt
€490k▼
2023 · €568k
Debt ≤ 1 year
€400k▼
2023 · €429k
Debt > 1 year
€87k▼
2023 · €136k
Income taxes
€3k▼
2023 · €4k
Staff costs
€164k▲
2023 · €161k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€600k€525k▼
Formation expenses20€276€31▼
Fixed assets21/28€233k€169k▼
Intangible fixed assets21€233k€169k▼
Tangible fixed assets22/27€628€181▼
Furniture and vehicles24€628€181▼
Current assets29/58€366k€355k▼
Stocks and contracts in progress3€98k€105k▲
Stocks30/36€98k€105k▲
Amounts receivable within one year40/41€264k€246k▼
Trade receivables40€263k€246k▼
Other amounts receivable41€907€78▼
Cash at bank and in hand54/58€2k€4k▲
Deferred charges and accrued income490/1€926€926=
Equity and liabilities
Total equity and liabilities10/49€600k€525k▼
Equity10/15€32k€34k▲
Contributions10/11€25k€25k=
Profit (loss) carried forward14€7k€9k▲
Amounts payable17/49€568k€490k▼
Amounts payable after more than one year17€136k€87k▼
Financial debts170/4€136k€87k▼
Amounts payable within one year42/48€429k€400k▼
Current portion of amounts payable after more than one year42€55k€56k▲
Financial debts43€37k€13k▼
Credit institutions430/8€37k€13k▼
Trade debts44€255k€237k▼
Suppliers440/4€255k€237k▼
Taxes, remuneration and social security45€83k€94k▲
Taxes450/3€27k€42k▲
Remuneration and social security454/9€56k€52k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20232024
Remuneration, social security and pensions62€161k€164k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€74k€76k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€6k▼
Other operating charges640/8€5k€0▼
Gross operating margin9900€273k€267k▼
Operating profit (loss)9901€19k€20k▲
Financial income75/76B€2k€1▼
Recurring financial income75€2k€1▼
Financial charges65/66B€15k€15k▼
Recurring financial charges65€15k€15k▼
Profit (loss) for the period before taxes9903€6k€6k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€2k€2k▲
Profit (loss) for the period to be appropriated9905€2k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€9k▲
Profit (loss) brought forward from the previous period14P€5k€7k▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
26-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 57 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 10 days late
2022
31-12
Financial
Highest result since 2020net €2k ▲37.1%
Net result €2k, the highest in the series.
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 66 days late
2021
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Dalhem · 1 establishment unit since 2020
Cannot 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.
Aubin(NEU) 184608 DalhemGround area
5,597 m²
Building footprint
1,636 m²
Volume, LiDAR
11,103 m³
2 parcels, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
TECNOLUB
since 20202.302.073.383
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63077C0530/00C000 | Wallonia | 4,184 m² | 1 · 1,429 m² | 7.2 m · 2 fl. |
| 63055B0567/00L000 | Wallonia | 1,413 m² | 1 · 206 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 538 companies in sector 46120 we hold annual accounts for 303. 156 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-2020
Fiscal year end31-12
Activities, NACEBEL
46120Wholesale trade
46851Wholesale of industrial chemicals
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:frank.dethier@tecnolub.be
Phone:+3287445668