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G - TEC

Active
Public limited companyfounded 1993active for 33 yearsRue des Alouettes 80, 4041 Herstal, BelgiumKBO/BCE: BE 0450.291.519
Summary

The annual accounts of G - TEC for financial year 2025 show a net loss of 263% of the equity at the start of that year. The 2025 annual accounts show equity of €17.2m and a net result of -€4.5m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 65% of 868 sector peers (NACE 71, financial year 2025). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121
Fastest staff growth in the province of Liège, Architecture and engineering sector1 site
Size
€12.5mturnover 2025
Staff
66.4 FTE
Equity
€17.2m
Loss
-€4.5m
Equity +902%: capital increase
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
DEME OFFSHORE HOLDING · 100%
Board
6 members
Holdings
1
Auditor: EYAccounts 37 days early
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €4.5m, the second in a row (financial year 2025)Liquidity: current ratio 6.02, cash €241,025lowers riskSize: turnover €12.5m, 66.4 FTE, total assets €29.6mSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 46% of its sector peers (NACE 71, medium-sized)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 83+48
equity 58.1% of total assets
Liquidity 48+17
short-term debt 15.1% · cash 0.8%
Profitability 0-52
return on assets -15.2%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (163 companies, NACE 71, medium-sized)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.8%▲ +0.5 percentage points vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.9%▲ +0.1 percentage points vs 05-2026 07-2026: 0.9%● unchanged vs 06-2026 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 1.1%▲ +0.2 percentage points vs 08-2026highest value 10-2026: 0.2%▼ -0.9 percentage points vs 09-2026lowest value
Credit of up to €900,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 6.02, compared with 1.89 in 2024; short-term debt: 15.1% and cash: 0.8% of total assets), and 41.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, medium-sized): better than 73% on solvency, 56% on liquidity, 2% on profitability and 51% on growth.

The bankruptcy probability was computed on 11-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €4.5m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 6.02, cash €241,025
NBB · annual accounts
lowers risk · Size: turnover €12.5m, 66.4 FTE, total assets €29.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €17.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
37 days early
2024
36 days early
2023
49 days early
2022
33 days early
2021
31 days late
2020
86 days late
2019
32 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 10 days before the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
12-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: Olivier Maes (director)Gazette deed
  3. Liquidity more than triplescurrent ratio 6.02

Key points

  • Caution: Result fell in 2025from -€1.6m to -€4.5m ▼ 175% View
  • Caution: Among the weakest 5% on net resultsector median €37,593 · 870 companies -€4.5m View
  • Controlled by DEME OFFSHORE HOLDINGultimately: DEME GROUP 100% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€4.5m View
  • A director leftlatest change 06-05-2026 · 6 in office 1 left View
  • Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View

By topic

Financials

Financial year
2025
Turnover
€12.5m
Loss
-€4.5m
Solvency
58.1%
Turnover▼ 57.4%
Net result
20182025
Go to Financials

Board & ownership

Board
6 members
Parent
DEME OFFSHORE HOLDING · 100%
Auditor
EY
  • Thibaut DeboucheDirector
  • Koen De VylderDirector
  • Bart VandemeulebrouckeDirector
  • Jan Van RossumDirector
  • FDVV CONSULTDirector

and 1 other director

Go to Board & ownership

Network & group

Group
DEME GROUP
Subsidiaries
1
Connected companies
11
Mergers and asset contributions
1

1 subsidiary

Go to Network & group

Timeline

Events
62
Since
1995
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €10m
  2. 12-12-2025Capital & shares · Amendment of the…
  3. 25-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121
Founded
10-06-1993
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“La société a pour objet la réalisation d'études et la consultance dans les domaines…” (deed in French)
Go to Articles of association

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