TECSI
ActiveSummary
TECSI has been active since 1963 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.6m and a net result of €225,777. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 79% of 227 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▼-4
Solvency92▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130,000 at 30 days acceptable
Liquidity ample (current ratio 2.75 against 1.98 in 2023; short-term debt: 32.6% and cash: 47.7% of total assets), and 33.3% of the assets are financed with debt.
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Signals
Six 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 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 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% 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 2024Solvency, return and age of the figures
Solvency
66.7%
Return on assets
9.4%
Age of the figures
21 mo
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 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
37 d early
2022
53 d early
2021
59 d early
2020
36 d early
2019
64 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
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Financials · fiscal year 2024, full schema
In the rankings
#1 oldest company in the Brussels-Capital Region, Repair and installation of machinery sector#4 company by equity in the Brussels-Capital Region, Repair and installation of machinery sector#6 company by total assets in Sint-Agatha-Berchem, Manufacturing sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€225,777▼ 42.2%
2023 · €390,679
Working capital
€1.4m▼ 0.1%
2023 · €1.4m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€232,533▲ 23.9%€383,923▲ 65.1%€538,720▲ 40.3%€527,798▼ 2.0%€299,845▼ 43.2%
Net result€151,780▲ 23.3%€291,552▲ 92.1%€400,566▲ 37.4%€390,679▼ 2.5%€225,777▼ 42.2%
Equity€985,432▲ 11.5%€1.2m▲ 24.5%€1.4m▲ 16.3%€1.6m▲ 9.9%€1.6m▲ 1.6%
Total assets€1.4m▼ 1.1%€2.0m▲ 36.2%€2.4m▲ 22.9%€3.0m▲ 22.2%€2.4m▼ 19.4%
Debt€463,239▼ 20.3%€745,656▲ 61.0%€996,778▲ 33.7%€1.4m▲ 39.9%€795,347▼ 43.0%
Working capital€828,266▲ 16.1%€978,363▲ 18.1%€1.2m▲ 24.6%€1.4m▲ 12.1%€1.4m▼ 0.1%
Staff (FTE)7.1▼ 12.3%5.3▼ 25.4%5.8▲ 9.4%5.8=5▼ 13.8%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.4m
Fixed assets
€244,498 ▲ 20.3%
Current assets
€2.1m ▼ 22.3%
Equity and liabilities €2.4m
Equity
€1.6m ▲ 1.6%
Debt
€795,347 ▼ 43.0%
Debt's share of the balance-sheet total falls from 47.1% to 33.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€381,100▼
2023 · €585,586
Cash flow
€307,032▼
2023 · €448,467
Current ratio
2.75▲
2023 · 1.98
Quick ratio
2.24▲
2023 · 1.67
Debt to equity
0.50▼
2023 · 0.89
ROE
14.2%▼
2023 · 24.9%
ROA
9.4%▼
2023 · 13.2%
Interest coverage
251.39▼
2023 · 293.35
Debt ≤ 1 year
€778,994▼
2023 · €1.4m
Income taxes
€83,701▼
2023 · €143,497
Staff costs
€446,104▲
2023 · €379,683
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €16,488 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €493,233 | €571,050 | €379,683 | €446,104 | ▲ 17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,317 | €56,721 | €66,244 | €57,788 | €81,255 | ▲ 40.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €21,795 | €4,215 | €4,886 | €10,627 | ▲ 118% |
| Other operating charges640/8 | - | €4,862 | €6,542 | €3,162 | €4,751 | ▲ 50.2% |
| Non-recurring operating charges66A | - | - | - | €2,490 | - | - |
| Gross operating margin9900 | €895,467 | €960,533 | €1.2m | €975,807 | €842,582 | ▼ 13.7% |
| Operating profit (loss)9901 | €232,533 | €383,923 | €538,720 | €527,798 | €299,845 | ▼ 43.2% |
| Financial income75/76B | - | €1,022 | - | €8,373 | €11,149 | ▲ 33.1% |
| Recurring financial income75 | €480 | €1,022 | - | €2,373 | €4,349 | ▲ 83.2% |
| Non-recurring financial income76B | - | - | - | €6,000 | €6,800 | ▲ 13.3% |
| Financial charges65/66B | - | €5,622 | €1,241 | €1,996 | €1,516 | ▼ 24.1% |
| Recurring financial charges65 | €2,684 | €5,622 | €1,241 | €1,996 | €1,516 | ▼ 24.1% |
| Profit (loss) for the period before taxes9903 | €230,329 | €379,323 | €537,479 | €534,175 | €309,478 | ▼ 42.1% |
| Income taxes67/77 | €78,548 | €87,771 | €136,913 | €143,497 | €83,701 | ▼ 41.7% |
| Profit (loss) for the period9904 | €151,780 | €291,552 | €400,566 | €390,679 | €225,777 | ▼ 42.2% |
| Profit (loss) for the period to be appropriated9905 | €151,780 | €291,552 | €400,566 | €390,679 | €225,777 | ▼ 42.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €2.0m | €2.4m | €3.0m | €2.4m | ▼ 19.4% |
| Fixed assets21/28 | €157,186 | €248,751 | €211,581 | €203,292 | €244,498 | ▲ 20.3% |
| Intangible fixed assets21 | €4,133 | €1,541 | - | - | - | - |
| Tangible fixed assets22/27 | €150,082 | €224,773 | €196,215 | €191,136 | €239,305 | ▲ 25.2% |
| Plant, machinery and equipment23 | - | €21,992 | €15,773 | €9,553 | €15,385 | ▲ 61.0% |
| Furniture and vehicles24 | - | €174,881 | €158,435 | €164,063 | €210,887 | ▲ 28.5% |
| Other tangible fixed assets26 | - | €27,900 | €22,008 | €17,520 | €13,032 | ▼ 25.6% |
| Financial fixed assets28 | €2,971 | €22,437 | €15,366 | €12,156 | €5,193 | ▼ 57.3% |
| Current assets29/58 | €1.3m | €1.7m | €2.2m | €2.8m | €2.1m | ▼ 22.3% |
| Stocks and contracts in progress3 | €179,264 | €518,602 | €562,803 | €436,283 | €399,789 | ▼ 8.4% |
| Stocks30/36 | - | €518,602 | €562,803 | €436,283 | €399,789 | ▼ 8.4% |
| Amounts receivable within one year40/41 | €514,000 | €709,147 | €1.1m | €1.4m | €596,470 | ▼ 56.3% |
| Trade receivables40 | - | €587,163 | €974,614 | €1.2m | €545,505 | ▼ 56.1% |
| Other amounts receivable41 | - | €121,983 | €109,603 | €122,735 | €50,965 | ▼ 58.5% |
| Cash at bank and in hand54/58 | €591,069 | €488,352 | €559,441 | €953,496 | €1.1m | ▲ 19.5% |
| Deferred charges and accrued income490/1 | - | €7,788 | €6,285 | €5,580 | €9,012 | ▲ 61.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €2.0m | €2.4m | €3.0m | €2.4m | ▼ 19.4% |
| Equity10/15 | €985,432 | €1.2m | €1.4m | €1.6m | €1.6m | ▲ 1.6% |
| Contributions10/11 | €600,000 | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Capital10 | - | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Issued capital100 | - | €600,000 | €600,000 | €600,000 | €600,000 | = |
| Reserves13 | €300,000 | €560,000 | €710,000 | €860,000 | €890,000 | ▲ 3.5% |
| Non-distributable reserves130/1 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Legal reserve130 | - | €60,000 | €60,000 | €60,000 | €60,000 | = |
| Distributable reserves133 | - | €500,000 | €650,000 | €800,000 | €830,000 | ▲ 3.8% |
| Profit (loss) carried forward14 | €85,432 | €66,984 | €117,550 | €108,228 | €104,005 | ▼ 3.9% |
| Amounts payable17/49 | €463,239 | €745,656 | €996,778 | €1.4m | €795,347 | ▼ 43.0% |
| Amounts payable within one year42/48 | €463,219 | €745,525 | €993,604 | €1.4m | €778,994 | ▼ 44.1% |
| Financial debts43 | - | €43,650 | €43,650 | €43,650 | - | - |
| Credit institutions430/8 | - | €43,650 | €43,650 | €43,650 | - | - |
| Trade debts44 | €123,115 | €553,052 | €349,234 | €662,356 | €356,733 | ▼ 46.1% |
| Suppliers440/4 | - | €553,052 | €349,234 | €662,356 | €356,733 | ▼ 46.1% |
| Advances received on contracts in progress46 | - | - | €200,482 | €169,983 | - | - |
| Taxes, remuneration and social security45 | - | €98,603 | €200,239 | €266,597 | €222,261 | ▼ 16.6% |
| Taxes450/3 | - | €47,179 | €140,440 | €225,414 | €175,478 | ▼ 22.2% |
| Remuneration and social security454/9 | - | €51,423 | €59,799 | €41,183 | €46,784 | ▲ 13.6% |
| Other amounts payable47/48 | - | €50,221 | €200,000 | €250,000 | €200,000 | ▼ 20.0% |
| Accrued charges and deferred income492/3 | - | €130 | €3,173 | €2,253 | €16,353 | ▲ 626% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €151,780 | €291,552 | €400,566 | €390,679 | €225,777 | ▼ 42.2% |
| + Depreciation and write-downs630 | €67,317 | €56,721 | €66,244 | €57,788 | €81,255 | ▲ 40.6% |
| Operating cash flow (approximation) | €219,098 | €348,273 | €466,810 | €448,467 | €307,032 | ▼ 31.5% |
| Investment in fixed assets (approximation) | - | -€148,286 | -€29,074 | -€49,499 | -€122,461 | ▼ 147% |
| Change in cash | - | -€102,717 | €71,090 | €394,055 | €186,087 | ▼ 52.8% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €400,566 ▲37.4%
Operating result €538,720, net result €400,566, both a record.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €1mEq €1.2m ▲24.5%
4 profitable years in a row build equity to €1.2m.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
24-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Sint-Agatha-Berchem · 1 establishment unit since 1963
Ground area
4,977 m²
Building footprint
2,144 m²
Volume, LiDAR
15,811 m³
Parcel 21003A0338/00N002, Brussels · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Nestor Martinstraat 319, 1082 Sint-Agatha-Berchem
since 19632.027.435.701
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0338/00N002 | Brussels | 4,977 m² | 1 · 2,144 m² | 8.6 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.
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Of 1,226 companies in sector 33200 we hold annual accounts for 677. 299 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
Founded11-06-1963
Fiscal year end31-12
Activities, NACEBEL 2025
28410Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
62200Computer consultancy and computer facilities management
77221Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.