Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2025 and 2026.
Financials
Financial year 2026
TechWolf from Gent, company number BE0702852201, closed financial year 2026 with a result of € -9.8 million after tax. For that financial year TechWolf recorded revenue of € 8.7 million and equity of € 18.3 million. Compared with financial year 2025, the result moved from € -6.8 million to € -9.8 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 29, 2026.
€ 18.3 million
▼ 35% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9.8 million
▼ 45 % more loss than in 2025
Profit after tax over the fiscal year.
€ 3.7 million
▲ 107% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -22.4 million.
People and assets in 2026
64.9
▲ 9.2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 6.5 million
▲ 45% vs 2025
€ 100,300 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 197,824
▼ 21% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 4.6 million
▼ 2% vs 2025
Loans from banks and other lenders, long and short.
€ 7.4 million
▲ 50% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 830,909
▲ 45% vs 2025
Taxes, VAT and social contributions still to pay.
| 2022 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Revenue | - | € 3,790,678 | € 6,246,004 | € 8,675,980 | ▲ 39% |
| Gross margin | € 689,150 | € -126,884 | € -2,201,472 | € -2,137,555 | ▲ € 63,916 |
| Profit after taxes | € -1,286,596 | € -3,757,060 | € -6,756,027 | € -9,772,646 | ▼ € 3 million |
| Equity | € 10,064,734 | € 6,307,674 | € 27,985,844 | € 18,258,923 | ▼ 35% |
| Total debts | € 1,484,112 | € 3,293,423 | € 14,186,418 | € 19,346,691 | ▲ 36% |
| Cash | € 3,013,198 | € 1,893,025 | € 1,771,095 | € 3,657,788 | ▲ 107% |
| Retained profit | € -2,143,835 | € -5,900,895 | € -12,656,922 | € -22,429,568 | ▼ € 9.8 million |
| Bank debt | € 300,000 | € 325,000 | € 4,721,984 | € 4,619,905 | ▼ 2% |
| Balance sheet total | € 11,548,846 | € 9,601,096 | € 42,172,262 | € 37,605,614 | ▼ 11% |
| Employees (FTE) | 25.6 | 38.6 | 55.7 | 64.9 | ▲ 9.2 |
Key figures of TechWolf, fiscal years 2022 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 August 2027.
What happened to TechWolf?
What happened at TechWolf in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 9.8 million. Source: NBB ↗
- Andreas De Neve became a director. NBB
- David Kellog became a director. NBB
- Diane Gershon became a director. NBB
- Julien Romein Codorniou became a director. NBB
- Frédéric Destin became a director. NBB
- New establishment in Gent. KBO
- New establishment in Gent. KBO
In short
From € 1.3 million loss in 2022 to € 9.8 million loss in 2026.
Paid € 4,972 in corporate taxes since 2022.
On average € 26,900 of value added per employee in 2022.
Management
Behind TechWolf are Andreas De Neve, Julien Romein Codorniou, David Kellog, Diane Gershon and Frédéric Destin. It owns 100% of Techwolf INC and 100% of Techwolf Limited itself.
Directors
According to the 2026 annual accounts
Andreas De Neve
Director
since 2025
Julien Romein Codorniou
Director
since 2024
David Kellog
Director
since 2024
Diane Gershon
Director
since 2024
Frédéric Destin
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Overzet 14B
9000 Gent
Overzet 14A
9000 Gent
Active since 1 June 2022
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0702.852.201
- VAT number
- BE 0702.852.201
- Registered office
- Overzet 14B, 9000 Gent
- Names & denominations
- TechWolf
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 September 2018
- Peppol
- Active · Active since 20 Oct 2025
- Activities · NACE
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