TECWORX
InactiveInactive since 22-08-2026; last annual accounts for fiscal year 2025. Dissolved and wound up in a single deed on 19-08-2026; books and records kept by the shareholders in Kortrijk (5 years).
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
29 d late
2023
29 d late
2022
77 d early
2021
69 d early
2020
53 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the General electrical installation work sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€32,260▲ 8.3%
2023 · €29,801
Total assets
€55,171▼ 5.6%
2023 · €58,448
Net result
€2,459▼ 88.7%
2023 · €21,838
Working capital
€32,040▲ 9.1%
2023 · €29,361
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€2,305€91▼ 96.1%-€514€29,294€3,613▼ 87.7%
Net result€1,701within the sector's middle half-€100below the sector's middle half-€320below the sector's middle half▼ 220%€21,838within the sector's middle half€2,459within the sector's middle half▼ 88.7%
Equity€8,383below the sector's middle half▲ 25.5%€8,283below the sector's middle half▼ 1.2%€7,963below the sector's middle half▼ 3.9%€29,801within the sector's middle half▲ 274%€32,260within the sector's middle half▲ 8.3%
Total assets€9,006below the sector's middle half▲ 20.6%€8,498below the sector's middle half▼ 5.6%€7,963below the sector's middle half▼ 6.3%€58,448below the sector's middle half▲ 634%€55,171below the sector's middle half▼ 5.6%
Debt€623▼ 20.6%€215▼ 65.5%€28,647€22,911▼ 20.0%
Working capital€7,170within the sector's middle half▲ 43.6%€6,669within the sector's middle half▼ 7.0%€29,361within the sector's middle half€32,040within the sector's middle half▲ 9.1%
Solvency93.1%above the sector's middle half▲ 3.6pp97.5%above the sector's middle half▲ 4.4pp100.0%above the sector's middle half▲ 2.5pp51.0%within the sector's middle half▼ 49.0pp58.5%within the sector's middle half▲ 7.5pp
Current ratio12.51above the sector's middle half▲ 5.1532.02above the sector's middle half▲ 19.512.02within the sector's middle half2.40within the sector's middle half▲ 0.37
Return on assets (ROA)18.9%above the sector's middle half▲ 23.8pp-1.2%below the sector's middle half▼ 20.1pp-4.0%below the sector's middle half▼ 2.8pp37.4%above the sector's middle half▲ 41.4pp4.5%within the sector's middle half▼ 32.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 88% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €55,171
Equity
€32,260 ▲ 8.3%
Debt
€22,911 ▼ 20.0%
Debt's share of the balance-sheet total falls from 49.0% to 41.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,833▼
2023 · €29,514
Cash flow
€2,679▼
2023 · €22,058
Debt to equity
0.71▼
2023 · 0.96
ROE
7.6%▼
2023 · 73.3%
Interest coverage
23.83▼
2023 · 242.11
Debt ≤ 1 year
€22,911▼
2023 · €28,647
Income taxes
€1,072▼
2023 · €7,334
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 | - | - | €13 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €477 | €527 | €220 | €220 | €220 | = |
| Other operating charges640/8 | - | €111 | €112 | €664 | €602 | ▼ 9.4% |
| Non-recurring operating charges66A | - | - | €416 | - | - | - |
| Gross operating margin9900 | €2,891 | €729 | €234 | €30,178 | €4,435 | ▼ 85.3% |
| Operating profit (loss)9901 | €2,305 | €91 | -€514 | €29,294 | €3,613 | ▼ 87.7% |
| Financial income75/76B | - | €29 | €272 | €0 | €78 | ▲ 15,822% |
| Recurring financial income75 | - | €29 | €272 | €0 | €78 | ▲ 15,822% |
| Financial charges65/66B | - | €93 | €78 | €122 | €161 | ▲ 32.0% |
| Recurring financial charges65 | €61 | €93 | €78 | €122 | €161 | ▲ 32.0% |
| Profit (loss) for the period before taxes9903 | €2,244 | €27 | -€320 | €29,172 | €3,530 | ▼ 87.9% |
| Income taxes67/77 | €543 | €127 | - | €7,334 | €1,072 | ▼ 85.4% |
| Profit (loss) for the period9904 | €1,701 | -€100 | -€320 | €21,838 | €2,459 | ▼ 88.7% |
| Profit (loss) for the period to be appropriated9905 | €1,701 | -€100 | -€320 | €21,838 | €2,459 | ▼ 88.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,006 | €8,498 | €7,963 | €58,448 | €55,171 | ▼ 5.6% |
| Formation expenses20 | €1,101 | €881 | €661 | €440 | €220 | ▼ 50.0% |
| Fixed assets21/28 | €112 | €733 | - | - | - | - |
| Tangible fixed assets22/27 | €112 | €733 | - | - | - | - |
| Plant, machinery and equipment23 | - | €733 | - | - | - | - |
| Current assets29/58 | €7,793 | €6,884 | €7,302 | €58,008 | €54,950 | ▼ 5.3% |
| Stocks and contracts in progress3 | - | - | - | €1,187 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €1,187 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €525 | €29 | €7,209 | €21,574 | €37,234 | ▲ 72.6% |
| Trade receivables40 | - | €29 | - | €16,383 | €32,590 | ▲ 98.9% |
| Other amounts receivable41 | - | - | €7,209 | €5,191 | €4,644 | ▼ 10.5% |
| Cash at bank and in hand54/58 | €7,215 | €6,664 | €93 | €35,246 | €17,717 | ▼ 49.7% |
| Deferred charges and accrued income490/1 | - | €191 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,006 | €8,498 | €7,963 | €58,448 | €55,171 | ▼ 5.6% |
| Equity10/15 | €8,383 | €8,283 | €7,963 | €29,801 | €32,260 | ▲ 8.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €2,183 | €2,083 | €1,763 | €23,601 | €26,060 | ▲ 10.4% |
| Distributable reserves133 | - | €2,083 | €1,763 | €23,601 | €26,060 | ▲ 10.4% |
| Amounts payable17/49 | €623 | €215 | - | €28,647 | €22,911 | ▼ 20.0% |
| Amounts payable within one year42/48 | €623 | €215 | - | €28,647 | €22,911 | ▼ 20.0% |
| Trade debts44 | €81 | - | - | €16,313 | €14,505 | ▼ 11.1% |
| Suppliers440/4 | - | - | - | €16,313 | €14,505 | ▼ 11.1% |
| Taxes, remuneration and social security45 | - | €127 | - | €7,334 | €8,405 | ▲ 14.6% |
| Taxes450/3 | - | €127 | - | €7,334 | €8,405 | ▲ 14.6% |
| Other amounts payable47/48 | - | €88 | - | €5,000 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,701 | -€100 | -€320 | €21,838 | €2,459 | ▼ 88.7% |
| + Depreciation and write-downs630 | €477 | €527 | €220 | €220 | €220 | = |
| Operating cash flow (approximation) | €2,178 | €427 | -€100 | €22,058 | €2,679 | ▼ 87.9% |
| Investment in fixed assets (approximation) | - | -€1,148 | - | - | - | - |
| Change in cash | - | -€551 | -€6,571 | €35,153 | -€17,530 | ▼ 150% |
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
Next filing, fiscal year 2026, expected by
2026
25-08
State Gazette act
Resignations & appointments · End & cessationDeclaration · Approval · Auditor report12 facts ▸
State Gazette act
Resignations & appointments · End & cessation
Declaration · Approval · Auditor report12 facts ▸
- General meeting, 19-08-2026
- Declaration, attendance, alle aandeelhouders aanwezig of rechtsgeldig vertegenwoordigd
- Declaration, debts, alle schulden vermeld in de staat van activa en passiva zijn terugbetaald, of de nodige gelden om die te voldoen werden geconsigneerd
- Declaration, liquidator, De agenda voorziet niet in de aanstelling van een vereffenaar
- Approval, 06-07-2026
- Auditor report, oordeel met voorbehoud, EUR
- Dissolution, 19-08-2026
- Asset distribution, resterend actief wordt teruggenomen door de aandeelhouders
- Liquidation closure, 19-08-2026
- Custody of records, 8500 Kortrijk, Loofstraat 54, de aandeelhouders
- Power of attorney, Warfid
- Declaration, voting, alle besluiten elk afzonderlijk werden genomen met eenparigheid van stemmen
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €21,838
Net result €21,838 after 2 loss-making years.
15-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 32.02
Current ratio from 12.51 to 32.02; short-term debt falls from €623 to €215.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €1,701
Net result €1,701 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€367
Net result drops to -€367, the lowest in the series.
Show earlier events
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kortrijk
Ground area
335 m²
Building footprint
76 m²
Volume, LiDAR
643 m³
Parcel 34022E0191/00G004, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34022E0191/00G004 | Flanders | 335 m² | 1 · 76 m² | 10.2 m · 3 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 22,827 companies in sector 43211 we hold annual accounts for 10,338. 8,071 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-03-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.