Tecotek
ActiveSummary
Tecotek has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €174,105 and a net result of €227,991. Its solvency ranks better than 21% of 927 sector peers (NACE 43, financial year 2026). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 22-02-2024 Normal situation
- Activity
- Plumbing work NACE 43221and 5 others
- Joint committee
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 31-03-2026
- Establishment unit
- 2.356.154.447 8900 Ieper, since 22-02-2024
- Financial year end
- 31 March
- Peppol
- Reachable since 11-09-2025
Board and ownership
Board
- CLOET TECHNICSDirector · since 22-02-2024 · permanent representative CLOET Thibaut Maurice
- KENNETH PAREYNDirector · since 22-02-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts to 31-03-2026
- Gross margin
- €470,783
- ▲ 196%
- Turnover
- ≈ €1.2m
- estimated
- Profit
- €227,991
- ▲ 452%
- Equity
- €174,105
- ▲ 278%
- Total assets
- €712,424
- ▲ 103%
- Employees on 31-03-2026
- 2
- =
Score breakdownraises riskFounded in 2024lowers riskSize: total assets €712,424Liquidity: current ratio 1.18, cash €212,437Figures for financial year 2026 (filed on 25-09-2026)Show the evidence
Checked score
Score 2026
88
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 64% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2025
Strong
Solvency
49+11
equity 24.4% of total assets
Liquidity
49+19
short-term debt 71.4% · cash 29.8%
Profitability
100+17
return on assets 32.0%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
03-2025: 1.9%
04-2025: 1.9%● unchanged vs 03-2025
05-2025: 2.0%▲ +0.1 percentage points vs 04-2025
06-2025: 2.3%▲ +0.3 percentage points vs 05-2025
07-2025: 2.4%▲ +0.1 percentage points vs 06-2025
08-2025: 2.7%▲ +0.3 percentage points vs 07-2025
09-2025: 2.7%● unchanged vs 08-2025
10-2025: 3.0%▲ +0.3 percentage points vs 09-2025highest value
11-2025: 0.8%▼ -2.2 percentage points vs 10-2025
12-2025: 0.8%● unchanged vs 11-2025
01-2026: 0.8%● unchanged vs 12-2025
02-2026: 0.8%● unchanged vs 01-2026
03-2026: 0.8%● unchanged vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 0.8%● unchanged vs 06-2026
08-2026: 0.9%▲ +0.1 percentage points vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.3%▼ -0.6 percentage points vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Credit of up to €15,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is tight, with a current ratio of 1.18 (0.77 in 2025), below the usual 1.5. Short-term debt is 71.4% and cash 29.8% of total assets. 75.6% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 26% of them on solvency, 41% on liquidity, 92% on profitability and 97% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 927 sector peers (2026).
NBB · sector comparisonPosition among 927 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-09-2026, 38 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2026
38 days early
2025
2 days early
← before the deadline
after the deadline →
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-03-2027 year end31-10-2027 deadline
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 23-09-2026 at the NBB all 2 filings
Turnover
≈ €1.2m
Estimated: probably between €890,000 and €1.5m
Total assets
€712,424▲ 103%
2025 · €350,782
Net result
€227,991▲ 452%
2025 · €41,314
Working capital
€90,869
2025 · -€69,346
Multi-year overview
2025 to 2026, 2 financial yearsOperating result
€281,070
▲ 440%
2026
20252026
Net result
€227,991
▲ 452%
2026
20252026
Equity
€174,105
▲ 278%
2026
20252026
Total assets
€712,424
▲ 103%
2026
20252026
Debt
€538,319
▲ 76.7%
2026
20252026
Working capital
€90,869
2026
20252026
Solvency
24.4%
▲ 11.3pp
2026
20252026
Current ratio
1.18
▲ 0.41
2026
20252026
Return on assets (ROA)
32.0%
▲ 20.2pp
2026
20252026
Staff (FTE)
2
▲ 81.8%
2026
20252026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20252026
Operating result€52,076-€281,070▲ 440%
Net result€41,314above the sector's middle half-€227,991▲ 452%
Equity€46,114within the sector's middle half-€174,105▲ 278%
Total assets€350,782above the sector's middle half-€712,424▲ 103%
Debt€304,668-€538,319▲ 76.7%
Working capital-€69,346below the sector's middle half-€90,869
Solvency13.1%below the sector's middle half-24.4%▲ 11.3pp
Current ratio0.77below the sector's middle half-1.18▲ 0.41
Return on assets (ROA)11.8%within the sector's middle half-32.0%▲ 20.2pp
Staff (FTE)1.1-2▲ 81.8%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is 5.4 times that of 2025.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €712,424
Fixed assets
€112,552 ▼ 2.5%
Current assets
€599,872 ▲ 155%
Equity and liabilities €712,424
Equity
€174,105 ▲ 278%
Debt
€538,319 ▲ 76.7%
Debt's share of the balance-sheet total falls from 86.9% to 75.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€319,396▲
2025 · €82,340
Cash flow
€266,318▲
2025 · €71,578
Quick ratio
0.79▲
2025 · 0.62
Debt to equity
3.09▼
2025 · 6.61
ROE
131.0%▲
2025 · 89.6%
Interest coverage
40.06▼
2025 · 43.61
Debt ≤ 1 year
€509,003▲
2025 · €304,668
Debt > 1 year
€29,316
Income taxes
€45,307▲
2025 · €8,907
Staff costs
€148,129▲
2025 · €75,557
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-03-2025 | 31-03-2026 |
|---|---|---|
| Employees at the balance-sheet date | 2 | 2 |
| full-time | 2 | 2 |
| part-time | 0 | 0 |
| in full-time equivalents | 2 | 2 |
| Average over the year, in full-time equivalents | 1.1 | 2 |
| On a permanent contract | 2 | 2 |
| Joined | 1 | 0 |
| Left | 0 | 0 |
| Training hours | 0 | 0 |
Source: social balance sheet in the 2025 to 2026 annual accounts
Investments
| Item | 31-03-2025 | 31-03-2026 |
|---|---|---|
| Tangible fixed assets | €145,722 | €38,265 |
| Intangible fixed assets | €2 | - |
| Depreciation and write-downs of the year | €30,264 | €38,327 |
Source: notes to the 2025 to 2026 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €131 awarded · €131 paidAnnual accounts
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €75,557 | €148,129 | ▲ 96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €30,264 | €38,327 | ▲ 26.6% |
| Other operating charges640/8 | €928 | €700 | ▼ 24.5% |
| Non-recurring operating charges66A | - | €2,557 | - |
| Gross operating margin9900 | €158,824 | €470,783 | ▲ 196% |
| Operating profit (loss)9901 | €52,076 | €281,070 | ▲ 440% |
| Financial income75/76B | €33 | €202 | ▲ 517% |
| Recurring financial income75 | €33 | €202 | ▲ 517% |
| Financial charges65/66B | €1,888 | €7,974 | ▲ 322% |
| Recurring financial charges65 | €1,888 | €7,974 | ▲ 322% |
| Profit (loss) for the period before taxes9903 | €50,221 | €273,298 | ▲ 444% |
| Income taxes67/77 | €8,907 | €45,307 | ▲ 409% |
| Profit (loss) for the period9904 | €41,314 | €227,991 | ▲ 452% |
| Profit (loss) for the period to be appropriated9905 | €41,314 | €227,991 | ▲ 452% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €350,782 | €712,424 | ▲ 103% |
| Fixed assets21/28 | €115,460 | €112,552 | ▼ 2.5% |
| Tangible fixed assets22/27 | €115,460 | €112,552 | ▼ 2.5% |
| Plant, machinery and equipment23 | €33,548 | €17,662 | ▼ 47.4% |
| Furniture and vehicles24 | €81,912 | €94,890 | ▲ 15.8% |
| Current assets29/58 | €235,323 | €599,872 | ▲ 155% |
| Stocks and contracts in progress3 | €45,255 | €196,620 | ▲ 334% |
| Stocks30/36 | €45,255 | €196,620 | ▲ 334% |
| Amounts receivable within one year40/41 | €105,248 | €184,911 | ▲ 75.7% |
| Trade receivables40 | €58,405 | €123,260 | ▲ 111% |
| Other amounts receivable41 | €46,842 | €61,651 | ▲ 31.6% |
| Cash at bank and in hand54/58 | €79,112 | €212,437 | ▲ 169% |
| Deferred charges and accrued income490/1 | €5,708 | €5,904 | ▲ 3.4% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €350,782 | €712,424 | ▲ 103% |
| Equity10/15 | €46,114 | €174,105 | ▲ 278% |
| Contributions10/11 | €4,800 | €4,800 | = |
| Reserves13 | €41,314 | €169,305 | ▲ 310% |
| Distributable reserves133 | €41,314 | €169,305 | ▲ 310% |
| Profit (loss) carried forward14 | - | €0 | - |
| Amounts payable17/49 | €304,668 | €538,319 | ▲ 76.7% |
| Amounts payable after more than one year17 | - | €29,316 | - |
| Financial debts170/4 | - | €29,316 | - |
| Amounts payable within one year42/48 | €304,668 | €509,003 | ▲ 67.1% |
| Current portion of amounts payable after more than one year42 | - | €7,267 | - |
| Trade debts44 | €68,928 | €86,976 | ▲ 26.2% |
| Suppliers440/4 | €68,928 | €86,976 | ▲ 26.2% |
| Taxes, remuneration and social security45 | €18,662 | €51,990 | ▲ 179% |
| Taxes450/3 | €9,028 | €43,826 | ▲ 385% |
| Remuneration and social security454/9 | €9,634 | €8,164 | ▼ 15.3% |
| Other amounts payable47/48 | €217,078 | €362,769 | ▲ 67.1% |
| Line | 2025 | 2026 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €41,314 | €227,991 | ▲ 452% |
| + Depreciation and write-downs630 | €30,264 | €38,327 | ▲ 26.6% |
| Operating cash flow (approximation) | €71,578 | €266,318 | ▲ 272% |
| Investment in fixed assets (approximation) | - | -€35,419 | - |
| Change in cash | - | €133,325 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,976 companies had the same profile as Tecotek has now. Two years later, 94.4% were still going and 3.6% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
94.4%
was still going
1.8%
stopped otherwise
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Tecotek itself is lower: 0.3% within 12 months. It rests on far more data about Tecotek than the profile alone.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,976 companies, not a prediction for Tecotek. 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.
Board & ownership
Directors
Directors
2 directors, no change since 2024
Board 2
CLOET TECHNICS
Current
Director (not named in the articles) · since 22-02-2024 · term without a fixed end · Private limited company · permanent representative: CLOET Thibaut Maurice · listed in the 2026 annual accounts, filed on 23-09-2026
KENNETH PAREYN
Current
Director (not named in the articles) · since 22-02-2024 · term without a fixed end · Private limited company · listed in the 2026 annual accounts, filed on 23-09-2026
Permanent representatives 1
CLOET Thibaut Maurice
Current
Permanent representative · appointed in the act of 26-02-2024 · for CLOET TECHNICS
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“volmachten verlenen aan iedere lasthebber. Het bestuursorgaan stelt de eventuele toekenningen en verloning vast voor de gedelegeerden tot…”
deed of 26-02-2024Owners and capital
Shareholders
At incorporation
act of 26-02-2024 ↗
- PAREYN Kenneth 240 shares (50%) · €2,400
- CLOET Thibaut Maurice 240 shares (50%) · €2,400
Capital transactions
Capital over time
- 26-02-2024 Incorporation · €4,800 · 480 shares
Mandate history
2 people, 2 in office
- Board
| Name | Functions and periods |
|---|---|
| CLOET TECHNICS |
|
| KENNETH PAREYN |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Door algemene vergadering bepaald,bij gebrek onbepaalde duur, 1”
Articles of association, deed of 26-02-2024 (in Dutch)
Network & group
Tecotek shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of Tecotek. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2027 accounts:
2026
23-09
micro format · 38 days before the deadline
31-03
Financial
Equity above €150,000equity €174,105 ▲278%
With a profit in every financial year since 2025, equity grows to €174,105.
2025
29-10
micro format · 2 days before the deadline
2024
26-02
Gazette deed
IncorporationStarting capital €4,800 · Appointments: CLOET TECHNICS (director) and KENNETH PAREYN (director) · Permanent representatives: CLOET Thibaut Maurice and PAREYN Kenneth · Founder15 points ▸
Gazette deed
Incorporation
Starting capital €4,800 · Appointments: CLOET TECHNICS (director) and KENNETH PAREYN (director) · Permanent representatives: CLOET Thibaut Maurice and PAREYN Kenneth · Founder15 points ▸
- Incorporation, “Tecotek” (deed in Dutch)
- Founder, PAREYN Kenneth
- Founder, CLOET Thibaut Maurice
- PAREYN Kenneth holds 240 shares
- CLOET Thibaut Maurice holds 240 shares
- Bank account, “bijzondere rekening, BE13 1030 8888 7939” (deed in Dutch)
- Other provision, “bevestiging deponering aanvangsvermogen overeenkomstig Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Registered office clause, “8900 Ieper, Paddevijverstraat 68” (deed in Dutch)
- Director appointment, CLOET TECHNICS (director (not named in the articles))
- Permanent representative, CLOET Thibaut Maurice
- Director appointment, KENNETH PAREYN (director (not named in the articles))
- Permanent representative, PAREYN Kenneth
- The act holds 3 more points.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Tecotek in Dutch
Enterprise number
1006.345.108
Legal form
Private limited company
Status
Active, normale toestand
Founded
22-02-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 26-02-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of buitenland bij enkel besluit…”
deed of 26-02-2024 (in Dutch)Registered office and establishments
Registered office
Paddevijverstraat 68, 8900 Ieper, Belgium
Establishment unit
Tecotek, Paddevijverstraat 68, 8900 Ieper since 22-02-2024 · unit number 2.356.154.447
Activities
NACEBEL 2025VAT activities
43221
Plumbing work main activity
33140
Repair and maintenance of electrical equipment
43211
General electrical installation work
43212
Electrical installation work in industrial facilities
43222
Installation of electric heating, air conditioning, cooling and ventilation
82990
Other business support services
Social security (RSZ) activities
43222
Installation of electric heating, air conditioning, cooling and ventilation main activity
Codes under NACEBEL 2008
VAT activities
43221
Plumbing main activity
33140
Repair, maintenance and installation of machinery and equipment
43211
Specialised construction activities
43212
Specialised construction activities
43222
Specialised construction activities
82990
Other business support services
Social security (RSZ) activities
43222
Specialised construction activities main activity
Joint committee
124 Paritair Comité voor het bouwbedrijf annual accounts 31-03-2026
Invoicing and payment
VAT number
BE 1006.345.108
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1006.345.108
Financial year and general meeting
Accounts at the NBBFinancial year end
31-03
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of September at 09:00
deed of 26-02-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
969 m²
Building footprint
420 m²
Building volume
85 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33305B1132/00A000 | Flanders | 969 m² | 1 · 420 m² | 3.6 m |