Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 52.7 to 44.7.
Financials
Financial year 2024
Technolit-IWETEC from Herk-de-Stad, company number BE0845376576, closed financial year 2024 with a result of € -700,389 after tax. For that financial year Technolit-IWETEC recorded a gross margin of € 2.6 million and equity of € -1.4 million. Compared with financial year 2023, the result moved from € -463,732 to € -700,389. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 17, 2025.
€ -1.4 million
▼ € 700,389 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -700,389
▼ 51 % more loss than in 2023
Profit after tax over the fiscal year.
€ 414,505
▼ 7% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
People and assets in 2024
44.7
▼ 4.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▼ 1% vs 2023
€ 73,800 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.
€ 14,282
▼ 20% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 100,000
Loans from banks and other lenders, long and short.
€ 1.9 million
▲ 36% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 437,156
▼ 21% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 3,232,539 | € 3,179,418 | € 2,840,683 | € 2,616,847 | ▼ 8% |
| Profit after taxes | € -174,187 | € -122,414 | € -463,732 | € -700,389 | ▼ € 236,657 |
| Equity | € -109,415 | € -231,829 | € -695,561 | € -1,395,950 | ▼ € 700,389 |
| Total debts | € 1,869,685 | € 2,914,197 | € 2,922,363 | € 2,946,542 | ▲ 1% |
| Cash | € 442,076 | € 1,212,309 | € 445,894 | € 414,505 | ▼ 7% |
| Retained profit | € -209,415 | € -331,829 | € -795,561 | € -1,495,950 | ▼ € 700,389 |
| Bank debt | € 100,000 | € 100,000 | € 100,000 | € 100,000 | |
| Balance sheet total | € 1,760,270 | € 2,682,367 | € 2,226,802 | € 1,550,592 | ▼ 30% |
| Employees (FTE) | 55.5 | 52.7 | 48.9 | 44.7 | ▼ 4.2 |
Key figures of Technolit-IWETEC, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Technolit-IWETEC?
What happened at Technolit-IWETEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 700,389. Source: NBB ↗
- Tuncay Ermis became a director. NBB
- New establishment in Herk-de-Stad. KBO
- Start of the company according to the CBE. KBO
In short
From € 174,187 loss in 2021 to € 700,389 loss in 2024.
Paid € 35,857 in corporate taxes since 2021.
On average € 58,500 of value added per employee in 2024.
Management
Behind Technolit-IWETEC is Tuncay Ermis.
Directors
According to the 2024 annual accounts
Tuncay Ermis
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Industrieweg 1201
3540 Herk-de-Stad
Industrieweg 1505
3540 Herk-de-Stad
Active since 15 May 2012
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Certifications & Partners
Hosting & Email
Email provider
Microsoft 365
Hosting
KEYWEB-AS, DE
Website info
Features
Security
Details
- Company number
- 0845.376.576
- VAT number
- BE 0845.376.576
- Registered office
- Industrieweg 1201, 3540 Herk-de-Stad
- Names & denominations
- Technolit-IWETEC
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 April 2012
- Peppol
- Active · Active since 1 Jul 2025
- Contact
- technolit.be
- Activities · NACE
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