ACTIVE

TECHNICAL DEVELOPMENT SERVICE

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Financial year 2025 · closed on 31/12/2025

Net result

-8,2 k €

-183.7% YoY

Gross margin

-9,7 k €

-171.1% YoY

Equity

31,7 k €

-20.5% YoY

What does TECHNICAL DEVELOPMENT SERVICE do?

TECHNICAL DEVELOPMENT SERVICE is a Private limited company incorporated in 1987. Its main activity is: Manufacture of doors and windows of metal. Its registered office is in Blégny.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0432.404.620

Incorporation

10/11/1987

Legal form

Private limited company

Registered office

Avenue des Peupliers 2
4671 Blégny · WallonieSee on map

Contributed capital

18 592,01 €

Latest accounts

31/12/2025

Activities (NACE)

25120Manufacture of doors and windows of metal· main 25120Manufacture of doors and windows of metal 28120Manufacture of fluid power equipment

Joint committees (1)

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-9,7 k €	-171%	13,7 k €	-35.8%	21,3 k €	+204%	7,0 k €	-74.2%	27,1 k €	-38.1%	43,8 k €	+156%	17,1 k €	-70.6%	58,3 k €	-7.9%	63,3 k €	+151%	25,2 k €	-57.1%	58,8 k €	+4.1%	56,4 k €	-33.8%	85,3 k €	-5.3%	90,1 k €	+12.0%	80,4 k €	-12.7%	92,1 k €	-3.8%	95,8 k €	+32.7%	72,2 k €	+31.0%	55,1 k €	-15.9%	65,5 k €
EBITDA	-10,1 k €	-176%	13,3 k €	-36.5%	20,9 k €	+214%	6,6 k €	-41.4%	11,3 k €	+629%	1,6 k €	+356%	341,3 €	-99.4%	57,4 k €	+48.1%	38,8 k €	+223%	-31,5 k €	-187%	-11,0 k €	+62.8%	-29,6 k €	-440%	8,7 k €	+39.5%	6,2 k €	+1755%	-376,6 €	-102%	17,7 k €	-21.1%	22,4 k €	+31229%	-72,0 €	+99.1%	-7,9 k €	-340%	3,3 k €
Operating result	-10,6 k €	-183%	12,8 k €	-37.3%	20,4 k €	+231%	6,2 k €	-43.2%	10,9 k €	+598%	1,6 k €	+356%	341,3 €	-99.4%	52,8 k €	+36.3%	38,7 k €	+221%	-32,0 k €	-180%	-11,4 k €	+61.9%	-30,0 k €	-671%	5,3 k €	+88.2%	2,8 k €	+170%	-4,0 k €	-146%	8,6 k €	+1.7%	8,5 k €	+178%	-10,9 k €	+42.8%	-19,1 k €	-146%	-7,8 k €
Net result	-8,2 k €	-184%	9,7 k €	-34.9%	15,0 k €	+251%	4,3 k €	-44.0%	7,6 k €	+482%	1,3 k €	+530%	207,6 €	-99.6%	51,1 k €	+55.7%	32,8 k €	+186%	-37,9 k €	-153%	-15,0 k €	+56.3%	-34,3 k €	-2432%	1,5 k €	+407%	290,1 €	+106%	-5,2 k €	-208%	4,9 k €	-22.8%	6,3 k €	+146%	-13,7 k €	+42.2%	-23,6 k €	-515%	-3,8 k €
Balance sheet
Equity	31,7 k €	-20.5%	39,8 k €	+32.4%	30,1 k €	+99.1%	15,1 k €	+39.3%	10,9 k €	+235%	3,2 k €	+67.6%	1,9 k €	+12.0%	1,7 k €	+104%	-49,3 k €	+39.9%	-82,1 k €	-85.8%	-44,2 k €	-51.2%	-29,2 k €	-678%	5,1 k €	+41.0%	3,6 k €	+8.8%	3,3 k €	-61.3%	8,5 k €	+132%	3,7 k €	+241%	-2,6 k €	-124%	11,0 k €	-68.2%	34,7 k €
Total assets	46,2 k €	-13.3%	53,3 k €	-18.2%	65,2 k €	+57.1%	41,5 k €	+60.6%	25,8 k €	+13.2%	22,8 k €	+16.2%	19,6 k €	+69.7%	11,6 k €	-43.6%	20,5 k €	+64.1%	12,5 k €	-58.1%	29,8 k €	+19.4%	24,9 k €	-29.9%	35,6 k €	+20.7%	29,4 k €	-26.2%	39,9 k €	+7.0%	37,3 k €	-30.3%	53,5 k €	-0.3%	53,7 k €	-36.7%	84,8 k €	-4.0%	88,3 k €
Cash	3,3 k €	-81.7%	18,3 k €	-29.7%	26,0 k €	+491%	4,4 k €	-34.2%	6,7 k €	+23.9%	5,4 k €	+134%	2,3 k €	-70.6%	7,8 k €		–		–		–		–		2,0 k €	-73.5%	7,7 k €		–		–		–		–		–		–
Debts	14,5 k €	+8.0%	13,5 k €	-61.6%	35,1 k €	+33.0%	26,4 k €	+76.1%	15,0 k €	+10.4%	13,6 k €	-7.7%	14,7 k €	+49.4%	9,8 k €	-85.6%	68,4 k €	-26.8%	93,5 k €	+26.4%	74,0 k €	+39.0%	53,2 k €	+78.3%	29,8 k €	+15.4%	25,9 k €	-28.7%	36,3 k €	+26.2%	28,7 k €	-42.3%	49,8 k €	-11.5%	56,3 k €	-22.7%	72,8 k €	+37.4%	53,0 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		2,5 ETP	+25.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	-20.0%	2,5 ETP	-16.7%	3,0 ETP	+50.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Christophe Hiernaux

Director

Active

Ended mandates

Christophe HIERNAUX

Director · since 20 juin 2024 · until 18 juin 2030

Ended

Christophe HIERNAUX

Manager · since 20 juin 2018 · until 20 juin 2024

Ended

BENTO DOS SANTOS TITO

Manager

Ended

TITO DOS SANTOS BENTO

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	31/08/2025	30/08/2024	31/08/2023	31/08/2022	27/10/2021
General meeting	16/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	26/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	16/06/2026	31/08/2026	French	PDF
Micro model	31/12/2024	17/06/2025	31/08/2025	French	PDF
Micro model	31/12/2023	18/06/2024	30/08/2024	French	PDF
Micro model	31/12/2022	20/06/2023	31/08/2023	French	PDF
Micro model	31/12/2021	21/06/2022	31/08/2022	French	PDF
Micro model	31/12/2020	26/06/2021	27/10/2021	French	PDF
Micro model	31/12/2019	27/06/2020	31/12/2020	French	PDF
Micro model	31/12/2018	18/06/2019	23/08/2019	French	PDF
Micro model	31/12/2017	19/06/2018	29/06/2018	French	PDF
Abridged model	31/12/2016	30/06/2017	28/07/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	29/06/2016	French	PDF
Abridged model	31/12/2014	30/06/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	24/06/2014	11/07/2014	French	PDF
Abridged model	31/12/2012	25/06/2013	24/07/2013	French	PDF
Abridged model	31/12/2011	03/07/2012	26/07/2012	French	PDF
Abridged model	31/12/2010	31/07/2011	01/09/2011	French	PDF
Abridged model	31/12/2009	29/06/2010	26/07/2010	French	PDF
Abridged model	31/12/2008	30/06/2009	26/07/2010	French	PDF
Abridged model	31/12/2007	08/08/2008	20/08/2008	French	PDF
Abridged model	31/12/2006	14/08/2007	21/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Christophe Hiernaux

Director

Active

Ended mandates

Christophe HIERNAUX

Director · since 20 juin 2024 · until 18 juin 2030

Ended

Christophe HIERNAUX

Manager · since 20 juin 2018 · until 20 juin 2024

Ended

BENTO DOS SANTOS TITO

Manager

Ended

TITO DOS SANTOS BENTO

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Registered office16/09/2019
SIEGE SOCIAL
PDF
Mandates05/07/2018
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates17/05/2017
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-8,2 k €↓
2024
Annual accounts 20249,7 k €↓
2023
Annual accounts 202315,0 k €↑
2022
Annual accounts 20224,3 k €↓
2021
Annual accounts 20217,6 k €↑
2020
Annual accounts 20201,3 k €↑
2019
Annual accounts 2019207,6 €↓
2018
Annual accounts 201851,1 k €↑
2017
Annual accounts 201732,8 k €↑
2016
Annual accounts 2016-37,9 k €↓
2015
Annual accounts 2015-15,0 k €↑
2014
Annual accounts 2014-34,3 k €↓
2013
Annual accounts 20131,5 k €↑
2012
Annual accounts 2012290,1 €↑
2011
Annual accounts 2011-5,2 k €↓
2010
Annual accounts 20104,9 k €↓
2009
Annual accounts 20096,3 k €↑
2008
Annual accounts 2008-13,7 k €↑
2007
Annual accounts 2007-23,6 k €↓
2006
Annual accounts 2006-3,8 k €
10/11/1987
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

TECHNICAL DEVELOPMENT SERVICE

Overview

What does TECHNICAL DEVELOPMENT SERVICE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline