TOMOTECH
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 26-06-2026 at the NBB all 19 filings
Turnover
≈ €150,000
Estimated: probably between €99,000 and €320,000
Total assets
€72,674▲ 11.5%
2024 · €65,177
Net result
€4,385▲ 50.4%
2024 · €2,915
Working capital
€33,623▲ 21.5%
2024 · €27,678
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€8,340
▲ 49.3%
2025
20182025
Net result
€4,385
▲ 50.4%
2025
middle half of the sector
20182025
Equity
€46,280
▲ 6.2%
2025
middle half of the sector
20182025
Total assets
€72,674
▲ 11.5%
2025
middle half of the sector
20182025
Debt
€26,394
▲ 22.1%
2025
20182025
Working capital
€33,623
▲ 21.5%
2025
middle half of the sector
20182025
Solvency
63.7%
▼ 3.2pp
2025
middle half of the sector
20182025
Current ratio
2.27
▼ 0.01
2025
middle half of the sector
20182025
Return on assets (ROA)
6.0%
▲ 1.6pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€4,208-€5,881▲ 39.8%€4,070▼ 30.8%€393▼ 90.3%€3,320▲ 745%€1,121▼ 66.2%€5,587▲ 399%€8,340▲ 49.3%
Net result€2,471-€1,422▼ 42.5%€1,491within the sector's middle half▲ 4.9%-€4,306below the sector's middle half€538below the sector's middle half€393below the sector's middle half▼ 27.0%€2,915within the sector's middle half▲ 642%€4,385within the sector's middle half▲ 50.4%
Equity€44,428-€45,849▲ 3.2%€47,340within the sector's middle half▲ 3.3%€43,034within the sector's middle half▼ 9.1%€43,572within the sector's middle half▲ 1.2%€42,364within the sector's middle half▼ 2.8%€43,561within the sector's middle half▲ 2.8%€46,280within the sector's middle half▲ 6.2%
Total assets€111,877-€106,416▼ 4.9%€118,976within the sector's middle half▲ 11.8%€82,966within the sector's middle half▼ 30.3%€98,406within the sector's middle half▲ 18.6%€75,792within the sector's middle half▼ 23.0%€65,177below the sector's middle half▼ 14.0%€72,674within the sector's middle half▲ 11.5%
Debt€67,449-€60,567▼ 10.2%€71,636▲ 18.3%€39,932▼ 44.3%€54,834▲ 37.3%€33,428▼ 39.0%€21,616▼ 35.3%€26,394▲ 22.1%
Working capital€19,042-€30,567▲ 60.5%€34,539within the sector's middle half▲ 13.0%€26,831within the sector's middle half▼ 22.3%€27,721within the sector's middle half▲ 3.3%€27,097within the sector's middle half▼ 2.2%€27,678within the sector's middle half▲ 2.1%€33,623within the sector's middle half▲ 21.5%
Solvency39.7%-43.1%▲ 3.4pp39.8%within the sector's middle half▼ 3.3pp51.9%within the sector's middle half▲ 12.1pp44.3%within the sector's middle half▼ 7.6pp55.9%within the sector's middle half▲ 11.6pp66.8%within the sector's middle half▲ 10.9pp63.7%within the sector's middle half▼ 3.2pp
Current ratio1.53-1.95▲ 0.421.65within the sector's middle half▼ 0.291.87within the sector's middle half▲ 0.221.51within the sector's middle half▼ 0.371.81within the sector's middle half▲ 0.302.28within the sector's middle half▲ 0.472.27within the sector's middle half▼ 0.01
Return on assets (ROA)2.2%-1.3%▼ 0.9pp1.3%within the sector's middle half▼ 0.1pp-5.2%below the sector's middle half▼ 6.4pp0.5%below the sector's middle half▲ 5.7pp0.5%within the sector's middle half=4.5%within the sector's middle half▲ 4.0pp6.0%within the sector's middle half▲ 1.6pp
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 2025 is 49% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.
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
2025 in colour, 2024 as the grey bar beneath
Assets €72,674
Fixed assets
€12,657 ▼ 20.3%
Current assets
€60,017 ▲ 21.8%
Equity and liabilities €72,674
Equity
€46,280 ▲ 6.2%
Debt
€26,394 ▲ 22.1%
Debt's share of the balance-sheet total rises from 33.2% to 36.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,262▲
2024 · €11,859
Cash flow
€10,307▲
2024 · €9,187
Quick ratio
1.51▲
2024 · 1.42
Debt to equity
0.57▲
2024 · 0.50
ROE
9.5%▲
2024 · 6.7%
Interest coverage
39.11▲
2024 · 34.65
Debt ≤ 1 year
€26,394▲
2024 · €21,616
Income taxes
€3,872▲
2024 · €2,412
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €9,824 | €6,646 | €5,686 | €6,888 | €2,696 |
| Depreciation and write-downs of the year | €15,996 | €16,018 | €6,517 | €6,272 | €5,922 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2024 · 1 entry · €818 awarded · €818 paidAnnual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,950 | €14,896 | €14,608 | €15,996 | €16,018 | €6,517 | €6,272 | €5,922 | ▼ 5.6% |
| Other operating charges640/8 | - | - | - | €3,492 | €2,709 | €4,413 | €3,438 | €4,116 | ▲ 19.7% |
| Gross operating margin9900 | €21,792 | €31,716 | €20,887 | €19,881 | €22,047 | €12,050 | €15,297 | €18,378 | ▲ 20.1% |
| Operating profit (loss)9901 | €4,208 | €5,881 | €4,070 | €393 | €3,320 | €1,121 | €5,587 | €8,340 | ▲ 49.3% |
| Financial income75/76B | - | - | - | €56 | €362 | €899 | €82 | €283 | ▲ 245% |
| Recurring financial income75 | €1,197 | €27 | €20 | €56 | €362 | €899 | €82 | €283 | ▲ 245% |
| Financial charges65/66B | - | - | - | €652 | €334 | €197 | €342 | €365 | ▲ 6.6% |
| Recurring financial charges65 | €445 | €980 | €548 | €652 | €334 | €197 | €342 | €365 | ▲ 6.6% |
| Profit (loss) for the period before taxes9903 | €4,959 | €4,928 | €3,543 | -€203 | €3,347 | €1,823 | €5,327 | €8,257 | ▲ 55.0% |
| Income taxes67/77 | €2,487 | €3,506 | €2,052 | €4,103 | €2,809 | €1,430 | €2,412 | €3,872 | ▲ 60.6% |
| Profit (loss) for the period9904 | €2,471 | €1,422 | €1,491 | -€4,306 | €538 | €393 | €2,915 | €4,385 | ▲ 50.4% |
| Transfer from tax-exempt reserves789 | - | - | - | €12,255 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €2,471 | €1,422 | €1,491 | €7,949 | €538 | €393 | €2,915 | €4,385 | ▲ 50.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €111,877 | €106,416 | €118,976 | €82,966 | €98,406 | €75,792 | €65,177 | €72,674 | ▲ 11.5% |
| Fixed assets21/28 | €56,957 | €43,564 | €31,642 | €25,470 | €16,098 | €15,267 | €15,883 | €12,657 | ▼ 20.3% |
| Tangible fixed assets22/27 | €56,957 | €43,564 | €31,642 | €25,470 | €16,098 | €15,267 | €15,883 | €12,657 | ▼ 20.3% |
| Land and buildings22 | - | - | - | €4,185 | €2,971 | €7,135 | €5,081 | €4,512 | ▼ 11.2% |
| Plant, machinery and equipment23 | - | - | - | €6,822 | €9,830 | €7,012 | €8,645 | €5,632 | ▼ 34.9% |
| Furniture and vehicles24 | - | - | - | €14,463 | €3,298 | €1,121 | €2,158 | €2,513 | ▲ 16.5% |
| Current assets29/58 | €54,920 | €62,852 | €87,334 | €57,495 | €82,308 | €60,525 | €49,294 | €60,017 | ▲ 21.8% |
| Amounts receivable after more than one year29 | - | - | - | €6,000 | - | - | - | - | - |
| Other amounts receivable291 | - | - | - | €6,000 | - | - | - | - | - |
| Stocks and contracts in progress3 | €6,915 | €6,279 | €6,316 | €30,486 | €23,935 | €14,711 | €18,619 | €20,281 | ▲ 8.9% |
| Stocks30/36 | - | - | - | €8,736 | €15,828 | €14,711 | €15,369 | €14,781 | ▼ 3.8% |
| Contracts in progress37 | - | - | - | €21,750 | €8,107 | - | €3,250 | €5,500 | ▲ 69.2% |
| Amounts receivable within one year40/41 | €22,332 | €33,420 | €44,606 | €6,377 | €51,341 | €31,201 | €22,597 | €29,712 | ▲ 31.5% |
| Trade receivables40 | - | - | - | €5,161 | €50,524 | €21,477 | €16,937 | €18,867 | ▲ 11.4% |
| Other amounts receivable41 | - | - | - | €1,216 | €817 | €9,724 | €5,660 | €10,845 | ▲ 91.6% |
| Cash at bank and in hand54/58 | €25,506 | €22,248 | €2,731 | €12,775 | €2,968 | €7,892 | €5,055 | €9,501 | ▲ 87.9% |
| Deferred charges and accrued income490/1 | - | - | - | €1,857 | €4,064 | €6,722 | €3,023 | €523 | ▼ 82.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €111,877 | €106,416 | €118,976 | €82,966 | €98,406 | €75,792 | €65,177 | €72,674 | ▲ 11.5% |
| Equity10/15 | €44,428 | €45,849 | €47,340 | €43,034 | €43,572 | €42,364 | €43,561 | €46,280 | ▲ 6.2% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €25,828 | €27,249 | €28,740 | €24,434 | €24,972 | €23,764 | €24,961 | €27,680 | ▲ 10.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €22,574 | €23,112 | €23,764 | €24,961 | €27,680 | ▲ 10.9% |
| Amounts payable17/49 | €67,449 | €60,567 | €71,636 | €39,932 | €54,834 | €33,428 | €21,616 | €26,394 | ▲ 22.1% |
| Amounts payable after more than one year17 | €31,571 | €28,281 | €18,841 | €9,267 | €248 | - | - | - | - |
| Financial debts170/4 | - | - | - | €9,267 | €248 | - | - | - | - |
| Amounts payable within one year42/48 | €35,878 | €32,286 | €52,795 | €30,665 | €54,587 | €33,428 | €21,616 | €26,394 | ▲ 22.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9,574 | €9,019 | €248 | - | - | - |
| Trade debts44 | €21,629 | €19,108 | €39,200 | €16,089 | €31,213 | €23,425 | €15,630 | €22,680 | ▲ 45.1% |
| Suppliers440/4 | - | - | - | €16,089 | €31,213 | €23,425 | €15,630 | €22,680 | ▲ 45.1% |
| Taxes, remuneration and social security45 | - | - | - | €4,910 | €2,810 | €2,416 | €4,268 | €2,047 | ▼ 52.0% |
| Taxes450/3 | - | - | - | €4,910 | €2,810 | €2,416 | €4,268 | €2,047 | ▼ 52.0% |
| Other amounts payable47/48 | - | - | - | €92 | €11,545 | €7,339 | €1,718 | €1,666 | ▼ 3.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,471 | €1,422 | €1,491 | -€4,306 | €538 | €393 | €2,915 | €4,385 | ▲ 50.4% |
| + Depreciation and write-downs630 | €16,950 | €14,896 | €14,608 | €15,996 | €16,018 | €6,517 | €6,272 | €5,922 | ▼ 5.6% |
| Operating cash flow (approximation) | €19,421 | €16,318 | €16,099 | €11,690 | €16,556 | €6,910 | €9,187 | €10,307 | ▲ 12.2% |
| Investment in fixed assets (approximation) | - | -€1,503 | -€2,687 | -€9,824 | -€6,646 | -€5,686 | -€6,888 | -€2,696 | ▲ 60.9% |
| Change in cash | - | -€3,258 | -€19,517 | €10,044 | -€9,806 | €4,923 | -€2,836 | €4,446 | - |
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, 34,693 companies had the same profile as TOMOTECH has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of TOMOTECH itself: 0.4% within 12 months.
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 34,693 companies, not a prediction for TOMOTECH. 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.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-06-2026 | 2026-00203787 | |
| 31-12-2024 | micro format | 08-12-2025 | 2025-00577845 | |
| 31-12-2023 | micro format | 07-07-2024 | 2024-00217112 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00390388 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20243089 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58700277 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37200308 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-41600134 | |
| 31-12-2017 | micro format | 31-08-2018 | 2018-59700197 | |
| 31-12-2016 | micro format | 26-09-2017 | 2017-62800418 |