TECHELEC
ActiveSummary
TECHELEC has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €666k and a net result of €407k. Equity is shrinking by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 60% of 484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+11
Solvency68▲+24
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.59 in 2024; short-term debt: 28.1% and cash: 0% of total assets), but 56.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 2025Solvency, return and age of the figures
Solvency
43.3%
Return on assets
26.5%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €666k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-09-2026, 47 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
47 d late
2024
160 d late
2023
69 d late
2022
31 d late
2021
87 d late
2020
88 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€666k▲ 157%
2024 · €259k
2018: €328k
2019: €387k▲ +18.0% vs 2018
2020: €346k▼ -10.5% vs 2019
2021: €220k▼ -36.6% vs 2020
2022: €205k▼ -6.8% vs 2021
2023: €33k▼ -84.0% vs 2022lowest in 8 years
2024: €259k▲ +691% vs 2023
2025: €666k▲ +157% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.54M▲ 10.7%
2024 · €1.39M
2018: €813k
2019: €1.13M▲ +39.6% vs 2018
2020: €822k▼ -27.6% vs 2019
2021: €790k▼ -3.9% vs 2020lowest in 8 years
2022: €1.78M▲ +126% vs 2021highest in 8 years
2023: €1.28M▼ -28.5% vs 2022
2024: €1.39M▲ +8.9% vs 2023
2025: €1.54M▲ +10.7% vs 2024
2018 → 2025
Net result
€407k▲ 79.8%
2024 · €226k
2018: €19k
2019: €59k▲ +208% vs 2018
2020: €-41k▼ -169% vs 2019
2021: €-127k▼ -212% vs 2020
2022: €-15k▲ +88.3% vs 2021
2023: €-172k▼ -1059% vs 2022lowest in 8 years
2024: €226k▲ +232% vs 2023
2025: €407k▲ +79.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€319k▼ 1.3%
2024 · €323k
2018: €313k
2019: €275k▼ -12.1% vs 2018
2020: €257k▼ -6.6% vs 2019
2021: €269k▲ +4.6% vs 2020
2022: €4k▼ -98.6% vs 2021
2023: €-141k▼ -3822% vs 2022lowest in 8 years
2024: €323k▲ +329% vs 2023highest in 8 years
2025: €319k▼ -1.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€220k-€205k▼ 6.8%€33k▼ 84.0%€259k▲ 691%€666k▲ 157%
2021: €220k
2022: €205k▼ -6.8% vs 2021
2023: €33k▼ -84.0% vs 2022lowest in 5 years
2024: €259k▲ +691% vs 2023
2025: €666k▲ +157% vs 2024highest in 5 years
Operating result€-124k-€-97k▲ 21.4%€-131k▼ 35.1%€244k€491k▲ 101%
2021: €-124k
2022: €-97k▲ +21.4% vs 2021
2023: €-131k▼ -35.1% vs 2022lowest in 5 years
2024: €244k▲ +286% vs 2023
2025: €491k▲ +101% vs 2024highest in 5 years
Net result€-127k-€-15k▲ 88.3%€-172k▼ 1,059%€226k€407k▲ 79.8%
2021: €-127k
2022: €-15k▲ +88.3% vs 2021
2023: €-172k▼ -1059% vs 2022lowest in 5 years
2024: €226k▲ +232% vs 2023
2025: €407k▲ +79.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 101% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.54M
Fixed assets
€786k ▲ 52.8%
Current assets
€751k ▼ 14.1%
Equity and liabilities €1.54M
Equity
€666k ▲ 157%
Debt
€871k ▼ 22.9%
Debt's share of the balance-sheet total falls from 81.3% to 56.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€571k▲
2024 · €320k
Cash flow
€487k▲
2024 · €303k
Current ratio
1.74▲
2024 · 1.59
Debt to equity
1.31▼
2024 · 4.36
ROE
61.1%▼
2024 · 87.4%
ROA
26.5%▲
2024 · 16.3%
Interest coverage
31.85▲
2024 · 18.92
Debt ≤ 1 year
€432k▼
2024 · €551k
Debt > 1 year
€439k▼
2024 · €579k
Income taxes
€66k▲
2024 · €592
Staff costs
€22k▼
2024 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.39M€1.54M▲
Fixed assets21/28€514k€786k▲
Intangible fixed assets21€500k€649k▲
Tangible fixed assets22/27-€122k
Plant, machinery and equipment23-€122k
Financial fixed assets28€15k€15k=
Current assets29/58€874k€751k▼
Amounts receivable after more than one year29€60k-
Other amounts receivable291€60k-
Stocks and contracts in progress3€122k-
Stocks30/36€122k-
Amounts receivable within one year40/41€692k€733k▲
Trade receivables40€418k€360k▼
Other amounts receivable41€275k€373k▲
Cash at bank and in hand54/58€6€65▲
Deferred charges and accrued income490/1-€18k
Equity and liabilities
Total equity and liabilities10/49€1.39M€1.54M▲
Equity10/15€259k€666k▲
Contributions10/11€19k€19k=
Reserves13€240k€642k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€239k€640k▲
Profit (loss) carried forward14-€5k
Amounts payable17/49€1.13M€871k▼
Amounts payable after more than one year17€579k€439k▼
Financial debts170/4€579k€439k▼
Amounts payable within one year42/48€551k€432k▼
Current portion of amounts payable after more than one year42€50k€56k▲
Financial debts43€336k€47k▼
Credit institutions430/8€336k€47k▼
Trade debts44€157k€242k▲
Suppliers440/4€157k€242k▲
Taxes, remuneration and social security45€8k€87k▲
Taxes450/3€5k€87k▲
Remuneration and social security454/9€3k-
Income statement
Code20242025
Remuneration, social security and pensions62€43k€22k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€80k▲
Other operating charges640/8€2k-
Gross operating margin9900€365k€593k▲
Operating profit (loss)9901€244k€491k▲
Financial charges65/66B€17k€18k▲
Recurring financial charges65€17k€18k▲
Profit (loss) for the period before taxes9903€227k€473k▲
Income taxes67/77€592€66k▲
Profit (loss) for the period9904€226k€407k▲
Profit (loss) for the period to be appropriated9905€226k€407k▲
Appropriation of the result
Profit (loss) to be appropriated9906€226k€407k▲
Transfer to equity691/2€226k€401k▲
To other reserves6921€226k€401k▲
Social balance
Average headcount (FTE)90871.00.8▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6k | €41k | €43k | €22k | ▼ 47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47k | €33k | €72k | €77k | €80k | ▲ 4.3% |
| Other operating charges640/8 | €541 | €2k | €7k | €2k | - | - |
| Gross operating margin9900 | €-76k | €-56k | €-11k | €365k | €593k | ▲ 62.5% |
| Operating profit (loss)9901 | €-124k | €-97k | €-131k | €244k | €491k | ▲ 101% |
| Financial income75/76B | €10 | €101k | - | - | - | - |
| Recurring financial income75 | €10 | €101k | - | - | - | - |
| Financial charges65/66B | €6k | €18k | €41k | €17k | €18k | ▲ 5.8% |
| Recurring financial charges65 | €6k | €18k | €41k | €17k | €18k | ▲ 5.8% |
| Profit (loss) for the period before taxes9903 | €-129k | €-15k | €-172k | €227k | €473k | ▲ 108% |
| Income taxes67/77 | €-3k | - | €8 | €592 | €66k | ▲ 11,054% |
| Profit (loss) for the period9904 | €-127k | €-15k | €-172k | €226k | €407k | ▲ 79.8% |
| Profit (loss) for the period to be appropriated9905 | €-127k | €-15k | €-172k | €226k | €407k | ▲ 79.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €790k | €1.78M | €1.28M | €1.39M | €1.54M | ▲ 10.7% |
| Fixed assets21/28 | €50k | €591k | €550k | €514k | €786k | ▲ 52.8% |
| Intangible fixed assets21 | - | €576k | €535k | €500k | €649k | ▲ 30.0% |
| Tangible fixed assets22/27 | €2k | - | - | - | €122k | - |
| Plant, machinery and equipment23 | €595 | - | - | - | €122k | - |
| Furniture and vehicles24 | €2k | - | - | - | - | - |
| Financial fixed assets28 | €48k | €15k | €15k | €15k | €15k | = |
| Current assets29/58 | €739k | €1.19M | €726k | €874k | €751k | ▼ 14.1% |
| Amounts receivable after more than one year29 | - | - | - | €60k | - | - |
| Other amounts receivable291 | - | - | - | €60k | - | - |
| Stocks and contracts in progress3 | €242k | €267k | €267k | €122k | - | - |
| Stocks30/36 | €82k | €98k | €98k | €122k | - | - |
| Contracts in progress37 | €160k | €168k | €168k | - | - | - |
| Amounts receivable within one year40/41 | €473k | €692k | €427k | €692k | €733k | ▲ 5.9% |
| Trade receivables40 | €144k | €364k | €114k | €418k | €360k | ▼ 13.8% |
| Other amounts receivable41 | €328k | €328k | €313k | €275k | €373k | ▲ 35.9% |
| Cash at bank and in hand54/58 | €24k | €234k | €32k | €6 | €65 | ▲ 960% |
| Deferred charges and accrued income490/1 | - | - | - | - | €18k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €790k | €1.78M | €1.28M | €1.39M | €1.54M | ▲ 10.7% |
| Equity10/15 | €220k | €205k | €33k | €259k | €666k | ▲ 157% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €162k | €162k | €14k | €240k | €642k | ▲ 167% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €160k | €160k | €12k | €239k | €640k | ▲ 168% |
| Profit (loss) carried forward14 | €39k | €24k | - | - | €5k | - |
| Amounts payable17/49 | €570k | €1.58M | €1.24M | €1.13M | €871k | ▼ 22.9% |
| Amounts payable after more than one year17 | €100k | €390k | €376k | €579k | €439k | ▼ 24.0% |
| Financial debts170/4 | €100k | €390k | €376k | €579k | €439k | ▼ 24.0% |
| Amounts payable within one year42/48 | €470k | €1.19M | €867k | €551k | €432k | ▼ 21.6% |
| Current portion of amounts payable after more than one year42 | €15k | €48k | €57k | €50k | €56k | ▲ 10.6% |
| Financial debts43 | - | €429k | €448k | €336k | €47k | ▼ 86.1% |
| Credit institutions430/8 | - | €429k | €448k | €336k | €47k | ▼ 86.1% |
| Trade debts44 | €363k | €711k | €351k | €157k | €242k | ▲ 54.5% |
| Suppliers440/4 | €363k | €711k | €351k | €157k | €242k | ▲ 54.5% |
| Taxes, remuneration and social security45 | - | - | €11k | €8k | €87k | ▲ 1,016% |
| Taxes450/3 | - | - | €3k | €5k | €87k | ▲ 1,650% |
| Remuneration and social security454/9 | - | - | €8k | €3k | - | - |
| Other amounts payable47/48 | €92k | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-127k | €-15k | €-172k | €226k | €407k | ▲ 79.8% |
| + Depreciation and write-downs630 | €47k | €33k | €72k | €77k | €80k | ▲ 4.3% |
| Operating cash flow (approximation) | €-79k | €18k | €-100k | €303k | €487k | ▲ 60.7% |
| Investment in fixed assets (approximation) | - | €-573k | €-31k | €-41k | €-352k | ▼ 756% |
| Change in cash | - | €209k | €-202k | €-32k | €59 | ▲ 100% |
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
16-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 47 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 160 days late
2025
31-12
Financial
Highest result since 2018net €407k ▲79.8%
Operating result €491k, net result €407k, both a record.
31-12
Financial
Equity above €500kEq €666k ▲157%
2 profitable years in a row build equity to €666k.
2024
31-12
Financial
Back to profitnet €226k
Net result €226k after 4 loss-making years.
31-12
Financial
Equity above €200kEq €259k ▲691%
Equity rises from €33k to €259k.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
31-12
Financial
Weakest financial yearnet €-172k
Net result drops to €-172k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 87 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 88 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 69 days late
Show earlier events
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
5 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, Kalmthout · 1 establishment unit since 1977
Ground area
2,993 m²
Building footprint
1,131 m²
Volume, LiDAR
9,505 m³
Parcel 11662E0525/00E000, Flanders · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Kwade Weide (C) 20, 2920 Kalmthout
since 19772.013.639.826
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662E0525/00E000 | Flanders | 2,993 m² | 1 · 1,131 m² | 10.0 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 29,500 EUR awarded · 17,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 0 EUR |
| 2023 | 1 | 25,000 EUR | 12,500 EUR |
| 2022 | 1 | 4,500 EUR | 4,500 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 298 companies in sector 33150 we hold annual accounts for 159. 117 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 (pre-2019)
Founded27-04-1977
Fiscal year end31-12
Activities, NACEBEL 2025
33140Repair and maintenance of electrical equipment
33150Repair, maintenance and installation of machinery and equipment
77222Rental and leasing activities
77229Renting and leasing of other personal and household goods
95210Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Contact
Website
www.techelec.eu
E-mail
walter.broos@techelec.eu
Phone
032356357
Fax
032979357
E-mail
info@techelec.euKalmthout
Phone
033209223Kalmthout
Fax
033209221Kalmthout
Scores and ratios are computed by Checked and are not a credit decision.