TOOLTECH
ActiveSummary
TOOLTECH has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €168k and a net result of €-3k. Equity is growing by ~47.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability17▼-78
Solvency84▼-5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 1.86 against 2.75 in 2023; short-term debt: 41.4% and cash: 0.2% of total assets), and 41.4% 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 · 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
58.6%
Return on assets
-1.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
not confirmed
2024
30 d late
2023
8 d early
2022
30 d late
2021
24 d late
2020
4 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€168k▼ 1.8%
2023 · €171k
Total assets
€287k▲ 6.8%
2023 · €268k
Net result
€-3k
2023 · €56k
Working capital
€102k▼ 40.0%
2023 · €170k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€4k▼ 72.2%€18k▲ 296%€96k▲ 443%€86k▼ 11.0%€-1k
Net result€4k▼ 73.1%€17k▲ 350%€62k▲ 275%€56k▼ 10.3%€-3k
Equity€36k▲ 11.5%€53k▲ 46.3%€115k▲ 119%€171k▲ 48.7%€168k▼ 1.8%
Total assets€131k▼ 9.5%€153k▲ 17.0%€224k▲ 46.3%€268k▲ 19.6%€287k▲ 6.8%
Debt€95k▼ 15.5%€101k▲ 5.9%€109k▲ 8.4%€97k▼ 11.1%€119k▲ 22.1%
Working capital€32k▲ 47.0%€52k▲ 61.8%€113k▲ 118%€170k▲ 50.5%€102k▼ 40.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1k after €86k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €287k
Fixed assets
€66k ▲ 5,526%
Current assets
€221k ▼ 17.4%
Equity and liabilities €287k
Equity
€168k ▼ 1.8%
Debt
€119k ▲ 22.1%
Debt's share of the balance-sheet total rises from 36.2% to 41.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-1k▼
2023 · €88k
Cash flow
€-3k▼
2023 · €58k
Current ratio
1.86▼
2023 · 2.75
Quick ratio
0.53▼
2023 · 1.82
Debt to equity
0.71▲
2023 · 0.57
ROE
-1.9%▼
2023 · 32.8%
ROA
-1.1%▼
2023 · 20.9%
Interest coverage
-0.78▼
2023 · 51.31
Debt ≤ 1 year
€119k▲
2023 · €97k
Income taxes
€140▼
2023 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €12k | €2k | €2k | €222 | ▼ 89.5% |
| Other operating charges640/8 | - | €1k | €1k | - | €811 | - |
| Gross operating margin9900 | €16k | €31k | €100k | €88k | €-438 | ▼ 100% |
| Operating profit (loss)9901 | €4k | €18k | €96k | €86k | €-1k | ▼ 102% |
| Financial income75/76B | - | €407 | €928 | €479 | €97 | ▼ 79.8% |
| Recurring financial income75 | €1k | €407 | €928 | €479 | €97 | ▼ 79.8% |
| Financial charges65/66B | - | €1k | €3k | €2k | €2k | ▼ 6.0% |
| Recurring financial charges65 | €2k | €1k | €3k | €2k | €2k | ▼ 6.0% |
| Profit (loss) for the period before taxes9903 | €4k | €17k | €94k | €85k | €-3k | ▼ 104% |
| Income taxes67/77 | €112 | €114 | €32k | €29k | €140 | ▼ 99.5% |
| Profit (loss) for the period9904 | €4k | €17k | €62k | €56k | €-3k | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | €4k | €17k | €62k | €56k | €-3k | ▼ 106% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €131k | €153k | €224k | €268k | €287k | ▲ 6.8% |
| Fixed assets21/28 | €11k | €4k | €2k | €1k | €66k | ▲ 5,526% |
| Tangible fixed assets22/27 | €11k | €4k | €2k | €1k | €873 | ▼ 20.3% |
| Plant, machinery and equipment23 | - | - | - | €1k | €873 | ▼ 20.3% |
| Furniture and vehicles24 | - | €4k | €2k | - | - | - |
| Financial fixed assets28 | €77 | €77 | €77 | €77 | €65k | ▲ 83,984% |
| Current assets29/58 | €120k | €149k | €222k | €267k | €221k | ▼ 17.4% |
| Stocks and contracts in progress3 | €80k | €95k | €96k | €90k | €158k | ▲ 75.3% |
| Stocks30/36 | - | €95k | €96k | €90k | €158k | ▲ 75.3% |
| Amounts receivable within one year40/41 | €23k | €48k | €112k | €47k | €62k | ▲ 31.2% |
| Trade receivables40 | - | €48k | €112k | €47k | €62k | ▲ 31.2% |
| Cash at bank and in hand54/58 | €17k | €4k | €14k | €130k | €647 | ▼ 99.5% |
| Deferred charges and accrued income490/1 | - | €2k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €131k | €153k | €224k | €268k | €287k | ▲ 6.8% |
| Equity10/15 | €36k | €53k | €115k | €171k | €168k | ▼ 1.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €63k | €118k | €118k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €62k | €117k | €117k | = |
| Profit (loss) carried forward14 | €15k | €32k | €33k | €34k | €31k | ▼ 9.2% |
| Amounts payable17/49 | €95k | €101k | €109k | €97k | €119k | ▲ 22.1% |
| Amounts payable after more than one year17 | €7k | €4k | - | - | - | - |
| Financial debts170/4 | - | €4k | - | - | - | - |
| Amounts payable within one year42/48 | €88k | €97k | €109k | €97k | €119k | ▲ 22.1% |
| Current portion of amounts payable after more than one year42 | - | €21k | €10k | - | - | - |
| Trade debts44 | €14k | €18k | €14k | €421 | €11k | ▲ 2,544% |
| Suppliers440/4 | - | €18k | €14k | €421 | €11k | ▲ 2,544% |
| Taxes, remuneration and social security45 | - | €10k | €46k | €71k | €41k | ▼ 42.2% |
| Taxes450/3 | - | €10k | €46k | €71k | €41k | ▼ 42.2% |
| Other amounts payable47/48 | - | €48k | €39k | €26k | €66k | ▲ 159% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €17k | €62k | €56k | €-3k | ▼ 106% |
| + Depreciation and write-downs630 | €10k | €12k | €2k | €2k | €222 | ▼ 89.5% |
| Operating cash flow (approximation) | €14k | €29k | €65k | €58k | €-3k | ▼ 105% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €-1k | €-65k | ▼ 5,759% |
| Change in cash | - | €-13k | €10k | €116k | €-129k | ▼ 212% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €-3k
Net result drops to €-3k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €171k ▲48.7%
6 profitable years in a row build equity to €171k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €62k ▲275%
Operating result €96k, net result €62k, both a record.
31-12
Financial
Equity above €100kEq €115k ▲119%
5 profitable years in a row build equity to €115k.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
2021
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waterloo · 1 establishment unit since 2007
Ground area
1,156 m²
Building footprint
77 m²
Volume, LiDAR
492 m³
Parcel 25110S0378/00D004, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
TOOLTECH
since 20072.160.033.612
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110S0378/00D004 | Wallonia | 1,156 m² | 1 · 77 m² | 8.3 m · 2 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 505 companies in sector 46841 we hold annual accounts for 365. 232 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
Founded15-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
46841Wholesale trade
Contact
E-mail
jjl@tooltech.beWaterloo
Phone
02/2560908Waterloo
Scores and ratios are computed by Checked and are not a credit decision.