OPENING OF BANKRUPTCY

F.T. TECHNICS

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Financial year 2023 · closed on 31/12/2023

Net result

17,5 k €

-54.0% YoY

Gross margin

56,7 k €

-26.2% YoY

Equity

154,2 k €

+12.8% YoY

Company — Opening of bankruptcy.

What does F.T. TECHNICS do?

F.T. TECHNICS is a Private limited company incorporated in 2007. Its main activity is: Plumbing, heat and air-conditioning installation. Its registered office is in Landen.

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0892.602.908

Incorporation

17/09/2007

Legal form

Private limited company

Registered office

Raatshovenstraat 115
3400 Landen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2023

Activities (NACE)

43222Plumbing, heat and air-conditioning installation· main 43222Plumbing, heat and air-conditioning installation 45331Sale of motor vehicle parts and accessories 43240Electrical, plumbing and other construction installation activities 43299Other construction installation 45340Sale of motor vehicle parts and accessories

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	56,7 k €	-26.2%	76,8 k €	+294%	19,5 k €	-64.3%	54,6 k €	-22.7%	70,7 k €	-18.0%	86,2 k €	+2.1%	84,4 k €	+12.2%	75,2 k €	-41.8%	129,3 k €	+46.9%	88 k €	-1.1%	89 k €	-7.7%	96,4 k €	-38.5%	156,9 k €	+118%	72,1 k €	+38.7%	52 k €	+81.9%	28,6 k €	+144%	11,7 k €
EBITDA	53,3 k €	-29.3%	75,3 k €	+393%	15,3 k €	-71.4%	53,5 k €	-13.7%	62 k €	-20.2%	77,7 k €	+48.5%	52,3 k €	+14.6%	45,7 k €	-40.8%	77,2 k €	+105%	37,7 k €	-0.1%	37,8 k €	-8.4%	41,2 k €	+20.8%	34,1 k €	-15.1%	40,2 k €	+23.2%	32,6 k €	+26.9%	25,7 k €	+141%	10,7 k €
Operating result	33,5 k €	-43.2%	59 k €	+27284%	-216,9 €	-101%	38,5 k €	-17.1%	46,5 k €	-24.1%	61,3 k €	+72.9%	35,4 k €	+21.8%	29,1 k €	-49.7%	57,9 k €	+528%	9,2 k €	+58.5%	5,8 k €	-53.0%	12,4 k €	+316%	3 k €	-84.8%	19,6 k €	+53.2%	12,8 k €	+72.7%	7,4 k €	+276%	2 k €
Net result	17,5 k €	-54.0%	38,1 k €	+543%	-8,6 k €	-136%	23,9 k €	-11.8%	27,1 k €	-10.7%	30,4 k €	+163%	11,5 k €	+349%	-4,6 k €	-115%	30,3 k €	+234%	-22,7 k €	-385%	-4,7 k €	-174%	6,3 k €	+614%	-1,2 k €	-112%	10,1 k €	+27.4%	8 k €	+84.1%	4,3 k €	+99.9%	2,2 k €
Balance sheet
Equity	154,2 k €	+12.8%	136,6 k €	+38.7%	98,5 k €	-8.0%	107,1 k €	+28.7%	83,2 k €	+25.9%	66,1 k €	+84.9%	35,8 k €	+47.7%	24,2 k €	-16.1%	28,9 k €	+2081%	-1,5 k €	-107%	21,2 k €	-18.1%	25,9 k €	+32.1%	19,6 k €	-5.9%	20,9 k €	-36.9%	33 k €	+31.7%	25,1 k €	+20.8%	20,8 k €
Total assets	378,6 k €	+0.8%	375,7 k €	+15.6%	325 k €	-4.6%	340,7 k €	+2.0%	334,1 k €	+4.4%	319,9 k €	+8.6%	294,5 k €	-2.3%	301,3 k €	-13.4%	347,8 k €	+3.9%	334,8 k €	-3.7%	347,7 k €	+77.5%	195,9 k €	-18.7%	241 k €	+56.7%	153,8 k €	-20.1%	192,3 k €	+72.0%	111,8 k €	+58.9%	70,4 k €
Cash	7,7 k €	-57.6%	18 k €	+82.8%	9,9 k €	-7.1%	10,6 k €	-50.3%	21,4 k €	+915%	2,1 k €	-72.5%	7,7 k €		–		–		132 €		–		–		10,9 k €		–		25,4 k €		0 €	-100%	1,1 k €
Debts	224,4 k €	-6.1%	238,8 k €	+5.5%	226,4 k €	-3.1%	233,6 k €	+1.7%	229,8 k €	-2.5%	235,6 k €	-5.5%	249,3 k €	-10.0%	277,1 k €	-13.1%	318,9 k €	-5.1%	336,2 k €	+3.6%	324,6 k €	+95.5%	166,1 k €	-21.2%	210,8 k €	+58.6%	132,9 k €	-16.6%	159,3 k €	+88.0%	84,7 k €	+70.8%	49,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		1,1 ETP	+10.0%	1,0 ETP	-47.4%	1,9 ETP	+18.7%	1,6 ETP	-20.0%	2,0 ETP	+150%	0,8 ETP	+167%	0,3 ETP		–		–

Governance

Board of directors

Seen on filing of 31/12/2023 · 1 active · 5 ended

Active mandates

Frédéric Tits

Director

Active

Ended mandates

Frédéric Tits

Mandate · since 17 septembre 2007

Ended

FREDERIC TITS

Manager · since 01 août 2007

Ended

ERIC GILIS

Mandate

Ended

Frédéric Tits

Manager

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018
Closing of the financial year	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/10/2024	31/08/2023	30/09/2022	30/07/2021	02/07/2020	01/07/2019
General meeting	30/06/2024	30/06/2023	26/08/2022	25/06/2021	26/06/2020	28/06/2019
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2023	30/06/2024	25/10/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Micro model	31/12/2021	26/08/2022	30/09/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	02/07/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	01/07/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	09/07/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	18/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	24/09/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	14/07/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	11/07/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	05/07/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	19/07/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	02/07/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	03/07/2008	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2023 · 1 active · 5 ended

Active mandates

Frédéric Tits

Director

Active

Ended mandates

Frédéric Tits

Mandate · since 17 septembre 2007

Ended

FREDERIC TITS

Manager · since 01 août 2007

Ended

ERIC GILIS

Mandate

Ended

Frédéric Tits

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/12/2023
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/11/2020
KAPITAAL - AANDELEN
PDF
Capital / shares05/11/2020
KAPITAAL - AANDELEN
PDF
Registered office05/11/2013
MAATSCHAPPELIJKE ZETEL
PDF
Registered office20/12/2011
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/06/2009
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/04/2008
ONTSLAGEN - BENOEMINGEN - KAPITAAL - AANDELEN
PDF
Other15/10/2007
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2023
Annual accounts 202317,5 k €↓
2022
Annual accounts 202238,1 k €↑
2022
Name changeF.T. Technics (conversie)
2021
Annual accounts 2021-8,6 k €↓
2020
Annual accounts 202023,9 k €↓
2019
Annual accounts 201927,1 k €↓
2018
Annual accounts 201830,4 k €↑
2017
Annual accounts 201711,5 k €↑
2016
Annual accounts 2016-4,6 k €↓
2015
Annual accounts 201530,3 k €↑
2014
Annual accounts 2014-22,7 k €↓
2013
Annual accounts 2013-4,7 k €↓
2012
Annual accounts 20126,3 k €↑
2011
Annual accounts 2011-1,2 k €↓
2010
Annual accounts 201010,1 k €↑
2009
Annual accounts 20098 k €↑
2008
Annual accounts 20084,3 k €↑
2007
Annual accounts 20072,2 k €
17/09/2007
IncorporationPrivate limited company
2007
Name changeF.T. Technics

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

F.T. TECHNICS

Overview

What does F.T. TECHNICS do?

Trend over 17 financial years

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