Active BE 0439.429.893Private limited company

TECHNIDO

Dendermondebaan 91 ·9240 Zele, Belgium· 36 yrs active

Sector: Forging of metal (25401)

Conclusion Checked

TECHNIDO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127k and a net result of €-2k. Equity is shrinking by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 1839 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€127k
Net result	€-2k
Better than sector	79%
Active	36 yrs

Financial profile 5 of 5 axes measured · computed by Checked

76 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 33

Solvency 100

Growth 62

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1990, 36 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

86 / 100 Excellent

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€3k

estimate, not credit advice

Score history

76 2022

86 2023

86 2024

86 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 4.09 (≥ 1.5) +10

Quick ratio Quick ratio 3.95 (≥ 1.0) +5

Leverage Debt/equity 0.33 (< 1.0) +10

Profitability Negatieve ROE -2% -10

EBITDA margin EBITDA-marge 28% (≥ 10%) +8

Interest coverage Interest coverage 4.2× (≥ 3×) +8

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview36 NBB filings

Annual accounts filed on 11-06-2026 with the NBB · fiscal year 2025 · micro schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~4.7%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 25, Manufacture of fabricated metal products, except machinery and equipment · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	75.3%	45.5%	better than 79% of 1839 sector peers
Net result	€-2k	€12k	better than 19% of 1840 sector peers
Equity	€127k	€77k	better than 64% of 1842 sector peers
Gross operating margin	€12k	€48k	better than 20% of 1838 sector peers
Total assets	€168k	€192k	better than 45% of 1839 sector peers

Revenue

€27k

-13.6% 22-25

EBITDA

€8k

+3.4% 22-25

Net profit

€-2k

+68.4% 22-25

Cash flow

€5k

+17.1% 22-25

Total assets

€168k

-9.0% 22-25

Equity

€127k

-1.7% 22-25

Working capital

€53k

-13.8% 22-25

Income taxes

€317

+3.1% 22-25

Debt

€41k

-25.9% 22-25

Debt ≤ 1y

€17k

-3.5% 22-25

Debt > 1y

€24k

-36.3% 22-25

Current ratio

4.09

-8.3% 22-25

Quick ratio

3.95

-11.5% 22-25

Solvency

75.3%

+8.1% 22-25

Debt / equity

0.33

-24.7% 22-25

ROE

-1.7%

+67.9% 22-25

ROA

-1.3%

+65.3% 22-25

Net margin

-7.9%

+63.5% 22-25

EBITDA margin

27.8%

+19.7% 22-25

Interest coverage

4.20

+35.2% 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	micro schema	micro schema	micro schema	micro schema
Revenue	€27k	€31k	€32k	€20k
EBITDA	€8k	€7k	€9k	€8k
Net profit	€-2k	€-7k	€-9k	€-13k
Cash flow	€5k	€5k	€6k	€4k
Staff costs	-	-	-	-
Income taxes	€317	€307	€318	€308
Dividends	-	-	-	-
Total assets	€168k	€185k	€215k	€233k
Equity	€127k	€129k	€136k	€144k
Debt	€41k	€56k	€79k	€89k
of which ≤ 1y	€17k	€18k	€28k	€24k
of which > 1y	€24k	€38k	€52k	€65k
Working capital	€53k	€61k	€70k	€82k
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	4.09	4.46	3.54	4.36
Quick ratio	3.95	4.46	3.54	4.36
Working capital ratio	31.5%	33.2%	32.6%	35.0%
Solvency	75.3%	69.7%	63.1%	61.9%
Debt / equity	0.33	0.43	0.58	0.62
Long-term debt ratio	0.19	0.30	0.38	0.45
Interest coverage	4.20	3.10	3.29	2.15
Gross margin	-47.2%	-64.2%	-137.1%	-238.5%
Net margin	-7.9%	-21.8%	-27.7%	-65.5%
ROA	-1.3%	-3.7%	-4.1%	-5.6%
ROE	-1.7%	-5.3%	-6.5%	-9.0%
EBITDA margin	27.8%	23.2%	29.6%	37.9%
Days sales outstanding	41d	12d	8d	7d
Days payable outstanding	14d	2d	11d	1d
Inventory turnover	16.33	-	-	-
Days inventory (DSI)	22d	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €98k · 58.3% Current assets €70k · 41.7%

Equity & liabilities

Equity €127k · 75.3% Debt €41k · 24.7%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€168k	€185k	€215k	€233k
Fixed assets	21/28	€98k	€106k	€117k	€127k
Tangible fixed assets	22/27	€98k	€106k	€117k	€127k
Current assets	29/58	€70k	€79k	€98k	€106k
Stocks & contracts in progress	3	€2k	-	-	-
Amounts receivable within one year	40/41	€14k	€1k	€980	€400
Cash & bank	54/58	€53k	€78k	€96k	€103k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€168k	€185k	€215k	€233k
Equity	10/15	€127k	€129k	€136k	€144k
Contributions / capital	10/11	€10	€10	€10	€10
Reserves	13	€120k	€120k	€120k	€120k
Accumulated profits (losses)	14	€7k	€9k	€16k	€24k
Amounts payable	17/49	€41k	€56k	€79k	€89k
Amounts payable after one year	17	€24k	€38k	€52k	€65k
Amounts payable within one year	42/48	€17k	€18k	€28k	€24k
Trade debts payable within one year	44	€2k	€342	€2k	€214
Income statement
Turnover	70	€27k	€31k	€32k	€20k
Gross operating margin	9900	€12k	€12k	€13k	€11k
Operating result	9901	€-43	€-4k	€-6k	€-10k
Financial income	75	€1	€0	€70	€555
Financial charges	65	€2k	€2k	€3k	€4k
Result before taxes	9903	€-2k	€-7k	€-9k	€-13k
Income taxes	67/77	€317	€307	€318	€308
Net result for the period	9904	€-2k	€-7k	€-9k	€-13k
Result to be appropriated	9905	€-2k	€-7k	€-9k	€-13k

Legal Structure

NACE primary	Forging of metal(25401)
Legal form	Private limited company(610)
Incorporation	11-01-1990
Status	Active
Postal code	9240

Establishment units 1 location

Dendermondebaan 91, 9240 Zele

NACE 28401

since 19902.046.789.080

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
42028B0954/00D004	Flanders	288 m²	1 · 140 m²	11.2 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

All 10Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-06