TECHNIC TEAM
ActiveSummary
TECHNIC TEAM has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35k and a net result of €20k. Equity is growing by ~13.9% per year across the filed fiscal years. Its solvency ranks better than 71% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-21
Solvency90▲+1
Growth64▲+29
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity ample (current ratio 2.66 against 2.07 in 2023; short-term debt: 35% and cash: 5.4% of total assets), and 35% 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.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
65%
Return on assets
36%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
357 d late
2022
on the day
2021
31 d late
2020
61 d late
2019
42 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€284k▲ 36.9%
2021 · €207k
2019: €264k
2020: €266k▲ +0.7% vs 2019
2021: €207k▼ -22.0% vs 2020lowest value
2024: €284khighest value
2019 → 2024
EBIT margin
11.3%▲ 10.2pp
2021 · 1.1%
2019: 5.7%
2020: 2.3%▼ -59.2% vs 2019
2021: 1.1%▼ -55.0% vs 2020lowest value
2024: 11.3%highest value
2019 → 2024
Net result
€20k▲ 158%
2023 · €8k
2019: €10k
2020: €4k▼ -64.5% vs 2019
2021: €604▼ -83.5% vs 2020
2022: €-7k▼ -1326% vs 2021lowest in 6 years
2023: €8k▲ +202% vs 2022
2024: €20k▲ +158% vs 2023highest in 6 years
2019 → 2024
Working capital
€31k▲ 225%
2023 · €10k
2019: €11k
2020: €4k▼ -61.6% vs 2019
2021: €3k▼ -32.6% vs 2020
2022: €-20▼ -101% vs 2021lowest in 6 years
2023: €10k▲ +49623% vs 2022
2024: €31k▲ +225% vs 2023highest in 6 years
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€266k-€207k▼ 22.0%€284k
2020: €266k
2021: €207k▼ -22.0% vs 2020lowest value
2024: €284khighest value
Equity€15k-€16k▲ 4.0%€8k▼ 47.5%€16k▲ 92.5%€35k▲ 124%
2020: €15k
2021: €16k▲ +4.0% vs 2020
2022: €8k▼ -47.5% vs 2021lowest in 5 years
2023: €16k▲ +92.5% vs 2022
2024: €35k▲ +124% vs 2023highest in 5 years
Operating result€6k-€2k▼ 64.9%€-6k€10k€32k▲ 217%
2020: €6k
2021: €2k▼ -64.9% vs 2020
2022: €-6k▼ -379% vs 2021lowest in 5 years
2023: €10k▲ +266% vs 2022
2024: €32k▲ +217% vs 2023highest in 5 years
Net result€4k-€604▼ 83.5%€-7k€8k€20k▲ 158%
2020: €4k
2021: €604▼ -83.5% vs 2020
2022: €-7k▼ -1326% vs 2021lowest in 5 years
2023: €8k▲ +202% vs 2022
2024: €20k▲ +158% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 217% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €54k
Fixed assets
€4k ▼ 37.2%
Current assets
€50k ▲ 170%
Equity and liabilities €54k
Equity
€35k ▲ 124%
Debt
€19k ▲ 110%
Debt's share of the balance-sheet total falls from 36.4% to 35.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€33k▲
2023 · €14k
Cash flow
€21k▲
2023 · €12k
Current ratio
2.66▲
2023 · 2.07
Debt to equity
0.54▼
2023 · 0.57
ROE
55.3%▲
2023 · 48.1%
ROA
36.0%▲
2023 · 30.6%
Interest coverage
4.25▼
2023 · 33.04
Debt ≤ 1 year
€19k▲
2023 · €9k
Income taxes
€6k▲
2023 · €2k
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 · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€25k€54k▲
Fixed assets21/28€6k€4k▼
Tangible fixed assets22/27€6k€4k▼
Furniture and vehicles24€410€4k▲
Leasing and similar rights25€6k-
Current assets29/58€19k€50k▲
Amounts receivable within one year40/41€18k€47k▲
Trade receivables40€17k€12k▼
Other amounts receivable41€1k€35k▲
Cash at bank and in hand54/58€346€3k▲
Deferred charges and accrued income490/1€97€97=
Equity and liabilities
Total equity and liabilities10/49€25k€54k▲
Equity10/15€16k€35k▲
Contributions10/11€1k€1k=
Reserves13€100€100=
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Profit (loss) carried forward14€15k€34k▲
Amounts payable17/49€9k€19k▲
Amounts payable within one year42/48€9k€19k▲
Current portion of amounts payable after more than one year42€2k-
Trade debts44€580€6k▲
Suppliers440/4€580€6k▲
Taxes, remuneration and social security45€2k€8k▲
Taxes450/3€2k€8k▲
Other amounts payable47/48€4k€5k▲
Income statement
Code20232024
Turnover70-€284k
Goods, raw materials, services and sundry goods60/61-€237k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€1k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€14k
Provisions for liabilities and charges: additions (uses and reversals)635/8-€212
Other operating charges640/8€196-
Gross operating margin9900€15k€47k▲
Operating profit (loss)9901€10k€32k▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Financial charges65/66B€435€8k▲
Recurring financial charges65€435€8k▲
Profit (loss) for the period before taxes9903€10k€25k▲
Income taxes67/77€2k€6k▲
Profit (loss) for the period9904€8k€20k▲
Profit (loss) for the period to be appropriated9905€8k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€34k▲
Profit (loss) brought forward from the previous period14P€7k€15k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €266k | €207k | - | - | €284k | - |
| Goods, raw materials, services and sundry goods60/61 | - | €200k | - | - | €237k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €8k | €4k | €4k | €1k | ▼ 72.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €14k | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €212 | - |
| Other operating charges640/8 | - | €412 | €286 | €196 | - | - |
| Non-recurring operating charges66A | - | - | €2k | - | - | - |
| Gross operating margin9900 | €12k | €11k | €961 | €15k | €47k | ▲ 223% |
| Operating profit (loss)9901 | €6k | €2k | €-6k | €10k | €32k | ▲ 217% |
| Financial income75/76B | - | €0 | €0 | - | €1k | - |
| Recurring financial income75 | €1 | €0 | €0 | - | €1k | - |
| Financial charges65/66B | - | €1k | €1k | €435 | €8k | ▲ 1,692% |
| Recurring financial charges65 | €764 | €1k | €1k | €435 | €8k | ▲ 1,692% |
| Profit (loss) for the period before taxes9903 | €5k | €1k | €-7k | €10k | €25k | ▲ 162% |
| Income taxes67/77 | €2k | €451 | - | €2k | €6k | ▲ 177% |
| Profit (loss) for the period9904 | €4k | €604 | €-7k | €8k | €20k | ▲ 158% |
| Profit (loss) for the period to be appropriated9905 | €4k | €604 | €-7k | €8k | €20k | ▲ 158% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €74k | €49k | €20k | €25k | €54k | ▲ 119% |
| Fixed assets21/28 | €35k | €27k | €10k | €6k | €4k | ▼ 37.2% |
| Tangible fixed assets22/27 | €35k | €27k | €10k | €6k | €4k | ▼ 37.2% |
| Furniture and vehicles24 | - | - | €720 | €410 | €4k | ▲ 832% |
| Leasing and similar rights25 | - | €27k | €10k | €6k | - | - |
| Current assets29/58 | €39k | €22k | €10k | €19k | €50k | ▲ 170% |
| Amounts receivable within one year40/41 | €27k | €18k | €8k | €18k | €47k | ▲ 160% |
| Trade receivables40 | - | €15k | €7k | €17k | €12k | ▼ 27.9% |
| Other amounts receivable41 | - | €2k | €2k | €1k | €35k | ▲ 3,151% |
| Cash at bank and in hand54/58 | €8k | €2k | €539 | €346 | €3k | ▲ 746% |
| Deferred charges and accrued income490/1 | - | €2k | €894 | €97 | €97 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €74k | €49k | €20k | €25k | €54k | ▲ 119% |
| Equity10/15 | €15k | €16k | €8k | €16k | €35k | ▲ 124% |
| Contributions10/11 | - | €1k | €1k | €1k | €1k | = |
| Reserves13 | €100 | €100 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | - | €100 | €100 | €100 | €100 | = |
| Reserves not available under the articles1311 | - | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €14k | €14k | €7k | €15k | €34k | ▲ 133% |
| Amounts payable17/49 | €59k | €34k | €12k | €9k | €19k | ▲ 110% |
| Amounts payable after more than one year17 | €25k | €15k | €2k | - | - | - |
| Financial debts170/4 | - | €15k | €2k | - | - | - |
| Amounts payable within one year42/48 | €34k | €19k | €10k | €9k | €19k | ▲ 110% |
| Current portion of amounts payable after more than one year42 | - | €10k | €5k | €2k | - | - |
| Trade debts44 | €2k | €344 | €2k | €580 | €6k | ▲ 927% |
| Suppliers440/4 | - | €344 | €2k | €580 | €6k | ▲ 927% |
| Taxes, remuneration and social security45 | - | €416 | - | €2k | €8k | ▲ 277% |
| Taxes450/3 | - | €416 | - | €2k | €8k | ▲ 277% |
| Other amounts payable47/48 | - | €8k | €3k | €4k | €5k | ▲ 24.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €604 | €-7k | €8k | €20k | ▲ 158% |
| + Depreciation and write-downs630 | €5k | €8k | €4k | €4k | €1k | ▼ 72.1% |
| Operating cash flow (approximation) | €8k | €9k | €-3k | €12k | €21k | ▲ 74.5% |
| Investment in fixed assets (approximation) | - | €0 | €13k | €0 | €1k | - |
| Change in cash | - | €-5k | €-2k | €-192 | €3k | ▲ 1,441% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 357 days late
2024
31-12
Financial
Highest result since 2019net €20k ▲158%
Operating result €32k, net result €20k, both a record.
2023
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.07
Current ratio from 1.00 to 2.07; short-term debt falls from €10k to €9k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 42 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Wemmel · 1 establishment unit since 2018
Ground area
1,505 m²
Building footprint
354 m²
Volume, LiDAR
4,200 m³
Parcel 22662B0346/00P000, Flanders · tallest building 16.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
TECHNIC TEAM
since 20182.278.778.141
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0346/00P000 | Flanders | 1,505 m² | 1 · 354 m² | 16.5 m · 4 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 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,824 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
Founded27-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail
info@technicteam.beWemmel
Scores and ratios are computed by Checked and are not a credit decision.