Equity
€1.6m ▲ 1.8%
TECSI has made a profit without a break since 2015.
TECSI
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €1.2m (2022)
€530,672▼ 37.0%
lowest -€237,944 (2012)
€28,561▼ 87.4%
peak €1.6m (2025)
€1.6m▲ 1.8%
€520,109▼ 34.6%
peak 16.5 FTE (2012)
5 FTEunchanged
Board8 names since 2019
4 directorsCHARLES Valérie Anne Isabelle and 3 others
Owners
Documentsfilings and deeds
24-06-202637 days before the deadline
2025financial year
Gross margin from €842,582 to €530,672Result from €225,777 to €28,561Debts from €795,347 to €520,109Cash from €1.1m to €783,739
Key points
from the 2025 annual accountsResult
€28,561 ▼ 87.4%
The result fell in 2025 from €225,777 to €28,561.
Turnover
≈ €1.2m estimated
The accounts state no turnover.
Staff
5 FTE from 16.5 in 2012
Between 2012 and 2025, 70% of the full-time equivalents disappeared.
Filings
49 annual accounts since 1977
The last five annual accounts were filed 35 to 59 days before the end of the period.
Position in the sector
75.7%
Higher solvency than 85% of companies in repair and installation of machinery. Sector median 43.7% · 192 companies.
Checked score
95
Excellent
Financially stronger than 62% of micro companies in repair and installation of machinery (NACE 33)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 2,399 companies (NACE 33, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: 0.1%▲ +0.1 percentage points vs 05-2025highest value
07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Repair, maintenance and installation of machinery and equipment (NACE 33)
lowers risk
Liquidity: current ratio 3.77, cash €783,739
Founded in 1963
Equity €1.6m (75.7% of total assets)
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 33, micro). It does better than 91% of them on solvency, 85% on liquidity, 33% on profitability and 37% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as TECSI has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of TECSI itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 17,041 companies, not a prediction for TECSI. 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.
Credit verdict
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.77 (2.75 in 2024), above the usual 1.5. Short-term debt is 24.3% and cash 36.6% of total assets. 24.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
35 days early
2023
37 days early
2022
53 days early
2021
59 days early
2020
36 days early
2019
64 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 46 days before the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Office Financier Immobilier 100%score 97equity €3.5m (2025) · 2025 annual accounts of Office Financier Immobilier
Recent changes
3 directors appointed, 1 reappointment
Reappointment: SCHILTZ Bertrand Raoul (director) · Appointments: SCHILTZ Didier Julien Robert, EL GOURAINI Karim and CHARLES Valérie Anne Isabelle · OFFICE FINANCIER ET IMMOBILIER holds all the shares · General meeting of 24-11-2023 · Gazette deed
Appointment: ELGOURAIN!Karim (managing director)
General meeting of 06-12-2022 · Gazette deed
3 directors reappointed
SCHILTZ Didier (managing director), CHARLES Valérie (managing director) and SCHILTZ Bertrand · General meeting of 10-05-2022 · Gazette deed
Resignation: Schiltz Sabine (director)
General meeting of 31-07-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TECSI Berchem-Sainte-Agathe | €2.1m | €0.5m | 75.7% | 5 |
| Logicontrol Molenbeek-Saint-Jean | €0.9m | €0.5m | 76.4% | 4.2 |
| BRINKMAN BELGIUM Kontich | €0.7m | €0.5m | 83.5% | 4 |
| TRAC Zaventem | €1.4m | €0.8m | 18.7% | 8.6 |
| Ets. MECABRIDE Butgenbach | €1.6m | €1.1m | 67.5% | 11.3 |
| Industrial Maintenance & Moving Solutions Houthalen-Helchteren | €0.8m | €0.8m | 48.9% | 11.6 |
| HYDROTECH Jemeppe-sur-Sambre | €2.0m | €0.3m | 69.7% | 4.1 |
These companies have the same main activity as TECSI: installation of industrial machinery and equipment (NACE 33200). They are comparable in size and age: total assets between €679,000 and €2m, founded between 1969 and 1995.
Official details
Source: KBO- Status
- Active since 11-06-1963Normal situation
- Activity
- Installation of industrial machinery and equipmentNACE 33200and 3 others
- Establishment unit
- 2.027.435.7011082 Berchem-Sainte-Agathe, since 11-06-1963
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2020
Annual accounts 2025
- €2.1m▼ 10.3%
- Employeeson 31-12-2025
- 6▲ 20.0%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on TECSI
TECSI has existed since 1963. The gross margin fell from €682,147 in 2006 to €530,672 in 2025.
The gross margin has fallen every year since 2022. Solvency rose in 2025 from 66.7% to 75.7% because of the retained profit and lower debts.
Office Financier Immobilier holds all the shares. In December 2023, the Official Gazette published the appointment of CHARLES Valérie Anne Isabelle as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TECSI
- What is the company number of TECSI?
- The company number of TECSI is 0401.913.461. The VAT number is the same number with BE in front: BE 0401.913.461.
- Where is TECSI based?
- The registered office is at Nestor Martinstraat 319, 1082 Berchem-Sainte-Agathe.Company details
- What does TECSI do?
- According to the KBO register, the main activity is installation of industrial machinery and equipment (NACE 33200).
- What is the legal form of TECSI?
- TECSI is a public limited company (NV).
- When was TECSI founded?
- TECSI was founded on 11-06-1963.
- Is TECSI still active?
- Yes, TECSI is an active enterprise in the KBO register.
- How many employees does TECSI have?
- TECSI had an average of 5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of TECSI?
- The turnover in financial year 2025 is ≈ €1.2m. This figure is estimated from the gross margin of €530,672 and 2,275 comparable companies of the same size. It probably lies between €750,000 and €2.1m. It is a rough estimate.
- Is TECSI profitable?
- In financial year 2025, TECSI made a profit of €28,561.
- Where can I find the annual accounts of TECSI?
- TECSI filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TECSI due?
- TECSI must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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