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TECONEX

Active
Public limited companyfounded 198639 yrs activeRue de Magnée 108, 4610 Beyne-Heusay, BelgiumKBO/BCE: BE 0429.524.116
Summary

TECONEX has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €7.2m and a net result of €593,684. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 39% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability45▲+6
Solvency57▲+1
Growth49▲+10
Track record100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €420,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.2 in 2023; short-term debt: 65% and cash: 2.6% of total assets), and 67.5% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 39 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
32.5%
Return on assets
2.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €7.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 11-07-2025, 20 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
20 d early
2023
44 d early
2022
3 d late
2021
40 d early
2020
22 d early
2019
49 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 29 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 6 October 1986, TECONEX was incorporated.1 Of the 2 current board members, VELEC has served longest, since 2026.2 Revenue went from EUR 31 million in 2018 to EUR 36 million in 2024 and headcount from 69.6 to 79.7 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 07-08-2026
  3. 3National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€35.7m▼ 11.1%
2023 · €40.1m
EBIT margin
3.0%▲ 1.4pp
2023 · 1.7%
Net result
€593,684▲ 151%
2023 · €236,738
Working capital
€3.1m▲ 9.4%
2023 · €2.8m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€32.5m▲ 1.4%€38.3m▲ 17.8%€37.0m▼ 3.4%€40.1m▲ 8.4%€35.7m▼ 11.1%
Operating result€234,935▼ 79.0%€95,372▼ 59.4%-€446,403€666,410€1.1m▲ 62.0%
Net result-€192,421below the sector's middle half-€158,006below the sector's middle half▲ 17.9%-€775,995below the sector's middle half▼ 391%€236,738within the sector's middle half€593,684above the sector's middle half▲ 151%
EBIT margin0.7%▼ 2.8pp0.2%▼ 0.5pp-1.2%▼ 1.5pp1.7%▲ 2.9pp3.0%▲ 1.4pp
Equity€7.3mabove the sector's middle half▼ 2.6%€7.1mabove the sector's middle half▼ 2.2%€6.4mabove the sector's middle half▼ 10.9%€6.6mabove the sector's middle half▲ 3.7%€7.2mabove the sector's middle half▲ 9.0%
Total assets€23.5mabove the sector's middle half▼ 0.5%€23.5mabove the sector's middle half▲ 0.1%€21.1mabove the sector's middle half▼ 10.4%€21.3mabove the sector's middle half▲ 1.0%€22.2mabove the sector's middle half▲ 4.3%
Debt€16.2m▲ 0.5%€16.3m▲ 1.1%€14.6m▼ 10.8%€14.6m▼ 0.1%€14.9m▲ 2.3%
Working capital€4.8m▲ 31.1%€4.5m▼ 7.2%€3.6m▼ 18.7%€2.8m▼ 21.9%€3.1m▲ 9.4%
Solvency31.1%within the sector's middle half▼ 0.7pp30.4%within the sector's middle half▼ 0.7pp30.2%within the sector's middle half▼ 0.2pp31.1%within the sector's middle half▲ 0.8pp32.5%within the sector's middle half▲ 1.4pp
Staff (FTE)77.9above the sector's middle half▲ 5.0%82.8above the sector's middle half▲ 6.3%84.8above the sector's middle half▲ 2.4%79.1above the sector's middle half▼ 6.7%79.7above the sector's middle half▲ 0.8%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€1.0m-€500,000€0€500,000€1.0mOperating result 2020: €234,935€234,935Net result 2020: -€192,421-€192,421Operating result 2021: €95,372€95,372Net result 2021: -€158,006-€158,006Operating result 2022: -€446,403-€446,403Net result 2022: -€775,995-€775,995Operating result 2023: €666,410€666,410Net result 2023: €236,738€236,738Operating result 2024: €1.1m€1.1mNet result 2024: €593,684€593,68420202021202220232024-€1m-€500,000€0€500,000€1mOperating result 2022: -€446,403-€446,000Net result 2022: -€775,995-€776,000Operating result 2023: €666,410€666,000Net result 2023: €236,738€237,000Operating result 2024: €1.1m€1.1mNet result 2024: €593,684€594,000202220232024
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 62% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €22.2m
Fixed assets €4.6m ▲ 10.6%
Current assets €17.5m ▲ 2.8%
Equity and liabilities €22.2m
Equity €7.2m ▲ 9.0%
Provisions €69,839 ▼ 6.9%
Debt €14.9m ▲ 2.3%
Debt's share of the balance-sheet total falls from 68.6% to 67.2%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€1.4m▲
2023 · €1.1m
Cash flow
€912,208▲
2023 · €622,081
Current ratio
1.22▲
2023 · 1.20
Quick ratio
0.48▼
2023 · 0.59
Debt to equity
2.07▼
2023 · 2.21
ROE
8.2%▲
2023 · 3.6%
ROA
2.7%▲
2023 · 1.1%
Interest coverage
3.40▲
2023 · 2.80
Debt ≤ 1 year
€14.4m▲
2023 · €14.2m
Debt > 1 year
€344,045▲
2023 · €239,150
Income taxes
€79,085▲
2023 · €9,699
Staff costs
€5.7m▲
2023 · €5.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,832 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.1% went bankrupt
2.0% stopped otherwise
98% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,832 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 92 lines
Balance sheet Code20232024
Assets
Total assets20/58€21.3m€22.2m▲
Fixed assets21/28€4.2m€4.6m▲
Intangible fixed assets21€231,150€194,111▼
Tangible fixed assets22/27€978,733€1.5m▲
Land and buildings22€395,745€377,742▼
Plant, machinery and equipment23€97,788€357,034▲
Furniture and vehicles24€449,783€499,822▲
Leasing and similar rights25€15,531€149,613▲
Assets under construction and advance payments27€19,886€77,600▲
Financial fixed assets28€3.0m€3.0m=
Affiliated companies280/1€3.0m€3.0m=
Amounts receivable281€3.0m€3.0m=
Other financial fixed assets284/8€38,850€38,850=
Amounts receivable and cash guarantees285/8€38,850€38,850=
Current assets29/58€17.1m€17.5m▲
Stocks and contracts in progress3€8.7m€10.6m▲
Stocks30/36€8.7m€10.6m▲
Raw materials and consumables30/31€2.3m€2.2m▼
Work in progress32€366,567€303,557▼
Finished goods33€575,951€991,243▲
Goods purchased for resale34€5.3m€6.9m▲
Advance payments36€130,487€167,430▲
Amounts receivable within one year40/41€7.9m€6.3m▼
Trade receivables40€7.8m€6.1m▼
Other amounts receivable41€31,647€121,652▲
Cash at bank and in hand54/58€468,934€580,104▲
Deferred charges and accrued income490/1€46,495€129,070▲
Equity and liabilities
Total equity and liabilities10/49€21.3m€22.2m▲
Equity10/15€6.6m€7.2m▲
Contributions10/11€75,000€75,000=
Capital10€75,000€75,000=
Issued capital100€75,000€75,000=
Reserves13€407,500€407,500=
Non-distributable reserves130/1€7,500€7,500=
Legal reserve130€7,500€7,500=
Distributable reserves133€400,000€400,000=
Profit (loss) carried forward14€6.1m€6.7m▲
Investment grants15€37,940€37,940=
Provisions and deferred taxes16€75,041€69,839▼
Provisions for liabilities and charges160/5€75,041€69,839▼
Other liabilities and charges164/5€75,041€69,839▼
Amounts payable17/49€14.6m€14.9m▲
Amounts payable after more than one year17€239,150€344,045▲
Financial debts170/4€239,150€344,045▲
Leasing and similar obligations172€10,233€74,934▲
Credit institutions173€228,917€269,111▲
Amounts payable within one year42/48€14.2m€14.4m▲
Current portion of amounts payable after more than one year42€721,467€176,418▼
Financial debts43€4.9m€5.9m▲
Credit institutions430/8€4.9m€5.9m▲
Trade debts44€6.3m€6.4m▲
Suppliers440/4€6.3m€6.4m▲
Taxes, remuneration and social security45€1.2m€1.3m▲
Taxes450/3€333,852€380,870▲
Remuneration and social security454/9€915,205€878,854▼
Other amounts payable47/48€1.0m€675,251▼
Accrued charges and deferred income492/3€124,731€146,075▲
Income statement Code20232024
Operating income70/76A€40.7m€36.2m▼
Turnover70€40.1m€35.7m▼
Change in stocks of work in progress, finished goods and contracts in progress71€25,627€418,270▲
Other operating income74€113,610€82,500▼
Non-recurring operating income76A€465,599€3,918▼
Operating charges60/66A€40.0m€35.1m▼
Goods for resale, raw materials and consumables60€29.2m€24.7m▼
Purchases600/8€29.6m€26.2m▼
Change in stocks: decrease (increase)609-€337,513-€1.5m▼
Services and other goods61€4.6m€4.0m▼
Remuneration, social security and pensions62€5.7m€5.7m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€385,342€318,523▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€173,266€52,215▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€21,554-€5,202▲
Other operating charges640/8€157,425€279,909▲
Non-recurring operating charges66A€206,531€12,277▼
Operating profit (loss)9901€666,410€1.1m▲
Financial income75/76B€175,928€170,536▼
Recurring financial income75€175,928€170,536▼
Income from financial fixed assets750€25,500€29,501▲
Income from current assets751€139,078€124,699▼
Other financial income752/9€11,350€16,337▲
Financial charges65/66B€595,902€577,589▼
Recurring financial charges65€567,402€577,589▲
Debt charges650€376,214€411,690▲
Other financial charges652/9€191,188€165,899▼
Non-recurring financial charges66B€28,500-
Profit (loss) for the period before taxes9903€246,437€672,770▲
Income taxes67/77€9,699€79,085▲
Taxes670/3€9,699€79,085▲
Profit (loss) for the period9904€236,738€593,684▲
Profit (loss) for the period to be appropriated9905€236,738€593,684▲
Appropriation of the result
Profit (loss) to be appropriated9906€6.1m€6.7m▲
Profit (loss) brought forward from the previous period14P€5.8m€6.1m▲
Social balance
Average headcount (FTE)908779.179.7▲

The notes to these accounts (111 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€38.7m€37.1m€40.7m€36.2m▼ 11.2%
Turnover70€32.5m€38.3m€37.0m€40.1m€35.7m▼ 11.1%
Change in stocks of work in progress, finished goods and contracts in progress71-€369,080-€89,403€25,627€418,270▲ 1,532%
Other operating income74-€53,454€187,784€113,610€82,500▼ 27.4%
Non-recurring operating income76A-€1,000-€465,599€3,918▼ 99.2%
Operating charges60/66A-€38.6m€37.6m€40.0m€35.1m▼ 12.4%
Goods for resale, raw materials and consumables60-€27.1m€26.5m€29.2m€24.7m▼ 15.5%
Purchases600/8-€28.2m€26.7m€29.6m€26.2m▼ 11.5%
Change in stocks: decrease (increase)609--€1.1m-€156,126-€337,513-€1.5m▼ 340%
Services and other goods61-€5.3m€4.7m€4.6m€4.0m▼ 12.4%
Remuneration, social security and pensions62-€5.0m€5.2m€5.7m€5.7m▲ 0.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€414,160€471,396€447,964€385,342€318,523▼ 17.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€377,068€358,523-€173,266€52,215▲ 130%
Provisions for liabilities and charges: additions (uses and reversals)635/8--€96,595-€21,554-€5,202▲ 75.9%
Other operating charges640/8-€219,549€135,665€157,425€279,909▲ 77.8%
Non-recurring operating charges66A-€180,088-€206,531€12,277▼ 94.1%
Operating profit (loss)9901€234,935€95,372-€446,403€666,410€1.1m▲ 62.0%
Financial income75/76B-€222,363€970,771€175,928€170,536▼ 3.1%
Recurring financial income75€111,504€222,363€970,771€175,928€170,536▼ 3.1%
Income from financial fixed assets750-€35,000€830,000€25,500€29,501▲ 15.7%
Income from current assets751-€66,508€103,728€139,078€124,699▼ 10.3%
Other financial income752/9-€120,855€37,043€11,350€16,337▲ 43.9%
Financial charges65/66B-€403,312€1.3m€595,902€577,589▼ 3.1%
Recurring financial charges65€531,613€403,312€475,471€567,402€577,589▲ 1.8%
Debt charges650€165,401€168,369€247,118€376,214€411,690▲ 9.4%
Other financial charges652/9-€234,943€228,352€191,188€165,899▼ 13.2%
Non-recurring financial charges66B--€849,411€28,500--
Profit (loss) for the period before taxes9903-€185,174-€85,577-€800,514€246,437€672,770▲ 173%
Income taxes67/77€7,247€72,429-€24,519€9,699€79,085▲ 715%
Taxes670/3-€72,429€8,313€9,699€79,085▲ 715%
Tax adjustments and reversals of tax provisions77--€32,832---
Profit (loss) for the period9904-€192,421-€158,006-€775,995€236,738€593,684▲ 151%
Profit (loss) for the period to be appropriated9905-€192,421-€158,006-€775,995€236,738€593,684▲ 151%
Line20202021202220232024Change
Assets
Total assets20/58€23.5m€23.5m€21.1m€21.3m€22.2m▲ 4.3%
Fixed assets21/28€6.0m€5.5m€4.2m€4.2m€4.6m▲ 10.6%
Intangible fixed assets21€644,157€519,749€452,139€231,150€194,111▼ 16.0%
Tangible fixed assets22/27€1.1m€1.2m€1.1m€978,733€1.5m▲ 49.4%
Land and buildings22-€432,636€413,812€395,745€377,742▼ 4.5%
Plant, machinery and equipment23-€139,918€151,997€97,788€357,034▲ 265%
Furniture and vehicles24-€513,431€505,365€449,783€499,822▲ 11.1%
Leasing and similar rights25-€34,816€24,966€15,531€149,613▲ 863%
Other tangible fixed assets26-€43,733€36,092---
Assets under construction and advance payments27-€13,067€2,970€19,886€77,600▲ 290%
Financial fixed assets28€4.3m€3.8m€2.6m€3.0m€3.0m=
Affiliated companies280/1-€3.8m€2.6m€3.0m€3.0m=
Participating interests280-€807,480€28,500---
Amounts receivable281-€3.0m€2.6m€3.0m€3.0m=
Other financial fixed assets284/8-€460€38,850€38,850€38,850=
Amounts receivable and cash guarantees285/8-€460€38,850€38,850€38,850=
Current assets29/58€17.5m€18.0m€16.8m€17.1m€17.5m▲ 2.8%
Stocks and contracts in progress3€7.3m€8.4m€8.1m€8.7m€10.6m▲ 21.6%
Stocks30/36-€8.4m€8.1m€8.7m€10.6m▲ 21.6%
Raw materials and consumables30/31-€2.2m€2.4m€2.3m€2.2m▼ 5.3%
Work in progress32-€632,236€298,872€366,567€303,557▼ 17.2%
Finished goods33-€447,122€619,146€575,951€991,243▲ 72.1%
Goods purchased for resale34-€4.9m€4.7m€5.3m€6.9m▲ 30.6%
Advance payments36-€241,040€69,502€130,487€167,430▲ 28.3%
Amounts receivable within one year40/41€9.2m€8.7m€8.2m€7.9m€6.3m▼ 20.4%
Trade receivables40-€8.1m€7.5m€7.8m€6.1m▼ 21.6%
Other amounts receivable41-€607,112€667,276€31,647€121,652▲ 284%
Cash at bank and in hand54/58€1.0m€769,685€523,756€468,934€580,104▲ 23.7%
Deferred charges and accrued income490/1-€61,644€72,836€46,495€129,070▲ 178%
Equity and liabilities
Total equity and liabilities10/49€23.5m€23.5m€21.1m€21.3m€22.2m▲ 4.3%
Equity10/15€7.3m€7.1m€6.4m€6.6m€7.2m▲ 9.0%
Contributions10/11€75,000€75,000€75,000€75,000€75,000=
Capital10-€75,000€75,000€75,000€75,000=
Issued capital100-€75,000€75,000€75,000€75,000=
Reserves13€407,500€407,500€407,500€407,500€407,500=
Non-distributable reserves130/1-€7,500€7,500€7,500€7,500=
Legal reserve130-€7,500€7,500€7,500€7,500=
Distributable reserves133-€400,000€400,000€400,000€400,000=
Profit (loss) carried forward14€6.8m€6.6m€5.8m€6.1m€6.7m▲ 9.8%
Investment grants15-€37,940€37,940€37,940€37,940=
Provisions and deferred taxes16--€96,595€75,041€69,839▼ 6.9%
Provisions for liabilities and charges160/5--€96,595€75,041€69,839▼ 6.9%
Other liabilities and charges164/5--€96,595€75,041€69,839▼ 6.9%
Amounts payable17/49€16.2m€16.3m€14.6m€14.6m€14.9m▲ 2.3%
Amounts payable after more than one year17€3.5m€2.8m€1.3m€239,150€344,045▲ 43.9%
Financial debts170/4-€1.7m€962,017€239,150€344,045▲ 43.9%
Leasing and similar obligations172-€24,807€16,873€10,233€74,934▲ 632%
Credit institutions173-€1.7m€945,145€228,917€269,111▲ 17.6%
Other amounts payable178/9-€1.1m€330,000---
Amounts payable within one year42/48€12.6m€13.5m€13.2m€14.2m€14.4m▲ 1.4%
Current portion of amounts payable after more than one year42-€722,417€722,684€721,467€176,418▼ 75.5%
Financial debts43-€5.2m€4.7m€4.9m€5.9m▲ 19.8%
Credit institutions430/8-€5.2m€4.7m€4.9m€5.9m▲ 19.8%
Trade debts44€5.5m€5.8m€5.1m€6.3m€6.4m▲ 1.9%
Suppliers440/4-€5.8m€5.1m€6.3m€6.4m▲ 1.9%
Taxes, remuneration and social security45-€1.1m€1.2m€1.2m€1.3m▲ 0.9%
Taxes450/3-€361,265€360,162€333,852€380,870▲ 14.1%
Remuneration and social security454/9-€781,704€791,830€915,205€878,854▼ 4.0%
Other amounts payable47/48-€592,443€1.6m€1.0m€675,251▼ 34.1%
Accrued charges and deferred income492/3-€22,910€88,437€124,731€146,075▲ 17.1%
Line20202021202220232024Change
Profit (loss) for the period9904-€192,421-€158,006-€775,995€236,738€593,684▲ 151%
+ Depreciation and write-downs630€414,160€471,396€447,964€385,342€318,523▼ 17.3%
Operating cash flow (approximation)€221,739€313,390-€328,031€622,081€912,208▲ 46.6%
Investment in fixed assets (approximation)-€33,767€852,635-€379,385-€764,563▼ 102%
Change in cash--€242,464-€245,929-€54,822€111,170▲ 303%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
07-08
State Gazette act Permanent representatives: André BOUFFIOUX and Hans VANOORBEEK
Reappointments: VELEC BV (non-statutory director and managing director) and WATCHCO NV (non-statutory director) · Declaration8 facts ▸
  • General meeting, 09-06-2026
  • Permanent representative, André BOUFFIOUX (permanent representative)
  • Declaration, acceptation du renouvellement et absence d'incompatibilité ou d'incapacité légale
  • Permanent representative, Hans VANOORBEEK (permanent representative)
  • Declaration, acceptation du renouvellement et absence d'incompatibilité ou d'incapacité légale
  • Other statement, pouvoirs des mandats renouvelés, inchangés
  • Director reappointment, VELEC BV (non-statutory director and managing director)
  • Director reappointment, WATCHCO NV (non-statutory director)
2025
11-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
17-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Back to profitnet €236,738
Net result €236,738 after 3 loss-making years.
03-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
31-12
Financial Weakest financial yearnet -€775,995
Net result drops to -€775,995, the lowest in the series; recovery starts the following year.
21-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
09-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
12-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
18-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
05-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
20-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 23 acts read
About the unread acts

Of the 23 Belgian State Gazette acts we know for this company, 1 has been read. The other 22 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
2 directors, 1 in day-to-day management, last change in 2026

Board 2

VELEC
Non-statutory director and managing director · since 09-06-2026 · Private limited company · perm. rep.: André BOUFFIOUX
Current
WATCHCO
Non-statutory director · since 09-06-2026 · Public limited company · perm. rep.: Hans VANOORBEEK
Current

Day-to-day management 1

VELEC
Non-statutory director and managing director · since 09-06-2026 · Private limited company · perm. rep.: André BOUFFIOUX
Current

Permanent representatives 2

André BOUFFIOUX
Permanent representative · since 09-06-2026 · for VELEC
Current
Hans VANOORBEEK
Permanent representative · since 09-06-2026 · for WATCHCO
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
22 of this company's 23 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Beyne-Heusay · 1 establishment unit since 1986
seat establishment The establishment unit on the map
Ground area
2.5 ha
Building footprint
2,731 m²
Volume, LiDAR
17,036 m³
Parcel 62015B0325/00B000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Rue de Magnée 108, 4610 Beyne-Heusay
Manufacture of fabricated metal products, except machinery and equipment
since 19862.034.946.469
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62015B0325/00B000 Wallonia 2.5 ha 1 · 2,730 m² 8.4 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.

Mandate history

2 people since 2026, 2 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
VELEC
  • Non-statutory director and managing director, already before 09-06-2026 to date
  • Non-statutory director and managing director, already before 09-06-2026 to date
WATCHCO
  • Non-statutory director, already before 09-06-2026 to date
See the board, name and seat on a given date →

Structure & network

Owners and holdings

2 owners · 1 holding

Chain of control

  1. LED Invest 100%
  2. Téco Holding 99.99%
  3. VELEC 99.78%
  4. TECONEX

Highest known parent: LED Invest. The sources do not say who stands above it.

Owners 2

Holdings 1

  • TECONEX GmbHDEsubsidiary
    Equity €22,297Result -€2,515
    100%+ 0% via subsidiaries

According to the 2024 annual accounts of TECONEX and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Public money · subsidies and aid

Flemish government

2022 · 1 entry · 308 EUR awarded · 308 EUR paid
Year Entries awardedpaid
2022 1 308 EUR308 EUR
Schemes
1 entry · 308 EUR · 308 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Legal Entity Identifier

549300QTHQG7AVKWQJ94
live in the LEI register

Similar companies · same sector, comparable size

Of 1,244 companies in sector 46643 we hold annual accounts for 953. 402 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded06-10-1986
Fiscal year end31-12
Activities, NACEBEL 2025
46643Wholesale of electrical equipment, including installation materials
27900Manufacture of electrical equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:0429524116
Registered 04-12-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.