TechNations
ActiveSummary
TechNations has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.77M and a net result of €-684k. Its solvency ranks better than 26% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-13
Solvency50▼-26
Growth32
Track record82
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days only on tighter terms
Liquidity short (current ratio 0.09 against 0.3 in 2024; short-term debt: 74.8% and cash: 0% of total assets), and 74.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
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
25.2%
Return on assets
-9.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 2 filingsDeviation from the deadline
2025
24 d late
2024
25 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
€1.77M▼ 27.8%
2024 · €2.46M
2024: €2.46M
2025: €1.77M▼ -27.8% vs 2024
2024 → 2025
Total assets
€7.05M▲ 46.8%
2024 · €4.80M
2024: €4.80M
2025: €7.05M▲ +46.8% vs 2024
2024 → 2025
Net result
€-684k
2024 · €59k
2024: €59k
2025: €-684k▼ -1259% vs 2024
2024 → 2025
Working capital
€-4.82M▼ 193%
2024 · €-1.65M
2024: €-1.65M
2025: €-4.82M▼ -193% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€2.46M-€1.77M▼ 27.8%
2024: €2.46M
2025: €1.77M▼ -27.8% vs 2024
Operating result€-60k-€-587k▼ 882%
2024: €-60k
2025: €-587k▼ -882% vs 2024
Net result€59k-€-684k
2024: €59k
2025: €-684k▼ -1259% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €587k in 2025 against €60k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.05M
Fixed assets
€6.60M ▲ 60.7%
Current assets
€451k ▼ 35.1%
Equity and liabilities €7.05M
Equity
€1.77M ▼ 27.8%
Debt
€5.27M ▲ 125%
Debt's share of the balance-sheet total rises from 48.8% to 74.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-368k▼
2024 · €-16k
Cash flow
€-466k▼
2024 · €103k
Current ratio
0.09▼
2024 · 0.30
Debt to equity
2.97▲
2024 · 0.95
ROE
-38.6%▼
2024 · 2.4%
ROA
-9.7%▼
2024 · 1.2%
Interest coverage
-3.45▲
2024 · -5.40
Debt ≤ 1 year
€5.27M▲
2024 · €2.34M
Income taxes
€294▼
2024 · €317
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.80M€7.05M▲
Formation expenses20€331€0▼
Fixed assets21/28€4.11M€6.60M▲
Tangible fixed assets22/27€2.77M€5.25M▲
Land and buildings22€2.77M€2.00M▼
Assets under construction and advance payments27-€3.25M
Financial fixed assets28€1.34M€1.35M▲
Current assets29/58€695k€451k▼
Amounts receivable after more than one year29€50k€100k▲
Other amounts receivable291€50k€100k▲
Amounts receivable within one year40/41€131k€344k▲
Trade receivables40€22k€242k▲
Other amounts receivable41€109k€102k▼
Cash at bank and in hand54/58€511k€2k▼
Deferred charges and accrued income490/1€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€4.80M€7.05M▲
Equity10/15€2.46M€1.77M▼
Contributions10/11€2.40M€2.40M=
Reserves13€59k€0▼
Distributable reserves133€59k€0▼
Profit (loss) carried forward14-€-625k
Amounts payable17/49€2.34M€5.27M▲
Amounts payable within one year42/48€2.34M€5.27M▲
Financial debts43€2.22M€4.56M▲
Credit institutions430/8€2.22M€4.56M▲
Trade debts44€15k€633k▲
Suppliers440/4€15k€633k▲
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3€5k€8k▲
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€100k€70k▼
Accrued charges and deferred income492/3€126€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€218k▲
Other operating charges640/8€7k€32k▲
Non-recurring operating charges66A-€501k
Gross operating margin9900€-10k€165k▲
Operating profit (loss)9901€-60k€-587k▼
Financial income75/76B€122k€9k▼
Recurring financial income75€122k€9k▼
Financial charges65/66B€3k€107k▲
Recurring financial charges65€3k€107k▲
Profit (loss) for the period before taxes9903€59k€-684k▼
Income taxes67/77€317€294▼
Profit (loss) for the period9904€59k€-684k▼
Profit (loss) for the period to be appropriated9905€59k€-684k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€-684k▼
Transfer from equity791/2-€59k
Transfer to equity691/2€59k€0▼
To other reserves6921€59k€0▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €218k | ▲ 401% |
| Other operating charges640/8 | €7k | €32k | ▲ 380% |
| Non-recurring operating charges66A | - | €501k | - |
| Gross operating margin9900 | €-10k | €165k | ▲ 1,828% |
| Operating profit (loss)9901 | €-60k | €-587k | ▼ 882% |
| Financial income75/76B | €122k | €9k | ▼ 92.3% |
| Recurring financial income75 | €122k | €9k | ▼ 92.3% |
| Financial charges65/66B | €3k | €107k | ▲ 3,463% |
| Recurring financial charges65 | €3k | €107k | ▲ 3,463% |
| Profit (loss) for the period before taxes9903 | €59k | €-684k | ▼ 1,252% |
| Income taxes67/77 | €317 | €294 | ▼ 7.0% |
| Profit (loss) for the period9904 | €59k | €-684k | ▼ 1,259% |
| Profit (loss) for the period to be appropriated9905 | €59k | €-684k | ▼ 1,259% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €4.80M | €7.05M | ▲ 46.8% |
| Formation expenses20 | €331 | €0 | ▼ 100% |
| Fixed assets21/28 | €4.11M | €6.60M | ▲ 60.7% |
| Tangible fixed assets22/27 | €2.77M | €5.25M | ▲ 89.6% |
| Land and buildings22 | €2.77M | €2.00M | ▼ 27.7% |
| Assets under construction and advance payments27 | - | €3.25M | - |
| Financial fixed assets28 | €1.34M | €1.35M | ▲ 0.9% |
| Current assets29/58 | €695k | €451k | ▼ 35.1% |
| Amounts receivable after more than one year29 | €50k | €100k | ▲ 100% |
| Other amounts receivable291 | €50k | €100k | ▲ 100% |
| Amounts receivable within one year40/41 | €131k | €344k | ▲ 161% |
| Trade receivables40 | €22k | €242k | ▲ 984% |
| Other amounts receivable41 | €109k | €102k | ▼ 6.9% |
| Cash at bank and in hand54/58 | €511k | €2k | ▼ 99.7% |
| Deferred charges and accrued income490/1 | €2k | €6k | ▲ 176% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €4.80M | €7.05M | ▲ 46.8% |
| Equity10/15 | €2.46M | €1.77M | ▼ 27.8% |
| Contributions10/11 | €2.40M | €2.40M | = |
| Reserves13 | €59k | €0 | ▼ 100% |
| Distributable reserves133 | €59k | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | €-625k | - |
| Amounts payable17/49 | €2.34M | €5.27M | ▲ 125% |
| Amounts payable within one year42/48 | €2.34M | €5.27M | ▲ 125% |
| Financial debts43 | €2.22M | €4.56M | ▲ 106% |
| Credit institutions430/8 | €2.22M | €4.56M | ▲ 106% |
| Trade debts44 | €15k | €633k | ▲ 4,150% |
| Suppliers440/4 | €15k | €633k | ▲ 4,150% |
| Taxes, remuneration and social security45 | €8k | €8k | ▲ 1.2% |
| Taxes450/3 | €5k | €8k | ▲ 70.2% |
| Remuneration and social security454/9 | €3k | €0 | ▼ 100% |
| Other amounts payable47/48 | €100k | €70k | ▼ 30.0% |
| Accrued charges and deferred income492/3 | €126 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €59k | €-684k | ▼ 1,259% |
| + Depreciation and write-downs630 | €44k | €218k | ▲ 401% |
| Operating cash flow (approximation) | €103k | €-466k | ▼ 554% |
| Investment in fixed assets (approximation) | - | €-2.71M | - |
| Change in cash | - | €-510k | - |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Izegem · 1 establishment unit since 2023
Ground area
2.1 ha
Building footprint
1,525 m²
Volume, LiDAR
9,647 m³
2 parcels, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
TechNations
since 20232.355.231.858
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36009A0505/00E003 | Flanders | 1.1 ha | - | - |
| 36505C0011/00Y000 | Flanders | 9,787 m² | 1 · 1,525 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 21,531 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
Founded18-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.