TECHNOGAZ
ActiveTECHNOGAZ has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €403k and a net result of €111k. Equity is shrinking by ~6% per year across the filed fiscal years. Its solvency ranks better than 24% of 2031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
76
/ 100
Excellent▲ +31 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency45▲+10
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.53 in 2024), and 76.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 33
higher
← fewer bankruptcies
more bankruptcies →
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
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
23.6%
Return on assets
6.5%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 2031 sector peers (2025).
NBB · sector comparisonPosition among 2031 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
on the day
2023
31 d late
2022
11 d early
2021
31 d late
2020
7 d early
2019
90 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€111k
2024 · €-165k
2018: €98k
2019: €47k
2020: €-8k
2021: €56k
2022: €-62k
2023: €-107k
2024: €-165k
2018 → 2025
Working capital
€370k▲ 16.9%
2024 · €317k
2018: €146k
2019: €565k
2020: €564k
2021: €570k
2022: €572k
2023: €514k
2024: €317k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€641k-€570k▼ 11.0%€460k▼ 19.3%€292k▼ 36.6%€403k▲ 38.2%
Operating result€87k-€-49k€-78k▼ 58.5%€-114k▼ 46.6%€153k
Net result€56k-€-62k€-107k▼ 72.3%€-165k▼ 54.4%€111k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €153k after a loss of €114k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.71M
Fixed assets
€593k▼ 15.5%
Current assets
€1.12M▲ 22.3%
Equity and liabilities €1.71M
Equity
€403k▲ 38.2%
Debt
€1.31M▼ 1.3%
The debt ratio falls from 82.0% to 76.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€370k▲
2024 · €83k
Cash flow
€328k▲
2024 · €32k
Solvency
23.6%▲
2024 · 18.0%
Current ratio
1.50▼
2024 · 1.53
Quick ratio
1.44▲
2024 · 1.26
Debt / equity
3.25▼
2024 · 4.54
ROE
27.6%▲
2024 · -56.7%
ROA
6.5%▲
2024 · -10.2%
Interest coverage
8.93▲
2024 · 1.53
Debt
€1.31M▼
2024 · €1.32M
Debt ≤ 1 year
€748k▲
2024 · €598k
Debt > 1 year
€494k▼
2024 · €680k
Income taxes
€527▲
2024 · €284
Staff costs
€786k▼
2024 · €829k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.62M€1.71M▲
Fixed assets21/28€702k€593k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€685k€569k▼
Land and buildings22€44k€44k=
Plant, machinery and equipment23€102k€81k▼
Furniture and vehicles24€539k€444k▼
Financial fixed assets28€15k€23k▲
Current assets29/58€914k€1.12M▲
Stocks and contracts in progress3€162k€43k▼
Stocks30/36€162k€43k▼
Amounts receivable within one year40/41€738k€1.02M▲
Trade receivables40€595k€917k▲
Other amounts receivable41€142k€108k▼
Cash at bank and in hand54/58€15k€51k▲
Equity and liabilities
Total equity and liabilities10/49€1.62M€1.71M▲
Equity10/15€292k€403k▲
Contributions10/11€203k€203k=
Capital10€203k€203k=
Issued capital100€203k€203k=
Reserves13€254k€254k=
Non-distributable reserves130/1€21k€21k=
Legal reserve130€21k€21k=
Distributable reserves133€233k€233k=
Profit (loss) carried forward14€-164k€-53k▲
Amounts payable17/49€1.32M€1.31M▼
Amounts payable after more than one year17€680k€494k▼
Financial debts170/4€398k€230k▼
Other amounts payable178/9€282k€265k▼
Amounts payable within one year42/48€598k€748k▲
Current portion of amounts payable after more than one year42€164k€169k▲
Financial debts43€100k€100k=
Credit institutions430/8€100k€100k=
Trade debts44€253k€423k▲
Suppliers440/4€253k€423k▲
Taxes, remuneration and social security45€69k€42k▼
Taxes450/3€6k€6k▼
Remuneration and social security454/9€62k€36k▼
Other amounts payable47/48€12k€14k▲
Accrued charges and deferred income492/3€47k€66k▲
Income statement
Code20242025
Remuneration, social security and pensions62€829k€786k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€198k€216k▲
Other operating charges640/8€31k€31k▲
Gross operating margin9900€944k€1.19M▲
Operating profit (loss)9901€-114k€153k▲
Financial income75/76B€4k€3▼
Recurring financial income75€4k€3▼
Financial charges65/66B€54k€41k▼
Recurring financial charges65€54k€41k▼
Profit (loss) for the period before taxes9903€-165k€112k▲
Income taxes67/77€284€527▲
Profit (loss) for the period9904€-165k€111k▲
Profit (loss) for the period to be appropriated9905€-165k€111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-164k€-53k▲
Profit (loss) brought forward from the previous period14P€912€-164k▼
Social balance
Average headcount (FTE)908715.114.5▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Back to profitnet €111k
Net result €111k after 3 loss-making years.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-165k
Net result drops to €-165k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €56k
Net result €56k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Malmedy · 2 establishment units since 1999
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
O l'z-Eyôs 14960 MalmedyGround area
3,791 m²
Building footprint
1,106 m²
Parcel 82007E1695/00Y000, Wallonia. Linked by address, not a title deed.
2 establishment units
O l'z-Eyôs 1, 4960 Malmedy
since 19992.091.823.905
TECHNOCOAT
since 20202.306.432.742
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82007E1695/00Y000 | Wallonia | 3,791 m² | 1 · 1,106 m² | - |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ALL CONSTRUCT
BE 0447.107.048
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CD CAR AND TRUCK
BE 0685.848.297
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KRISMET
BE 0730.695.258
Antwerpen · Eq €419k
JENCAR
BE 0871.722.370
Welkenraedt · Eq €385k
EDMA INDUSTRIE
BE 0436.258.983
Tessenderlo-Ham · Eq €383k
Of 877 companies in sector 33110 we hold annual accounts for 435. 295 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-02-1999
Fiscal year end31-12
Activities, NACEBEL
33110Repair and maintenance of fabricated metal products
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.