A+
ActiveSummary
A+ has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €525,420 and a net result of €21,141. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 483 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability56▼-44
Solvency58▼-10
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.67 against 2.1 in 2024; short-term debt: 42.6% and cash: 2.4% of total assets), and 67.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.6%
Return on assets
1.3%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
21 d early
2024
9 d early
2023
40 d early
2022
34 d early
2021
on the day
2020
52 d early
2019
37 d 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 28 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€525,420▲ 4.2%
2024 · €504,279
Total assets
€1.6m▲ 38.0%
2024 · €1.2m
Net result
€21,141▼ 94.1%
2024 · €359,933
Working capital
-€223,070
2024 · €551,455
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€92,669▼ 4.7%€85,846▼ 7.4%€241,806▲ 182%€419,797▲ 73.6%€68,989▼ 83.6%
Net result€72,056▲ 2.0%€62,380▼ 13.4%€197,976▲ 217%€359,933▲ 81.8%€21,141▼ 94.1%
Equity€238,990▲ 43.2%€301,370▲ 26.1%€394,346▲ 30.9%€504,279▲ 27.9%€525,420▲ 4.2%
Total assets€1.1m▲ 88.1%€826,474▼ 23.5%€808,122▼ 2.2%€1.2m▲ 44.4%€1.6m▲ 38.0%
Debt€842,030▲ 107%€525,104▼ 37.6%€413,776▼ 21.2%€662,731▲ 60.2%€1.1m▲ 63.8%
Working capital€366,532▲ 136%€241,302▼ 34.2%€328,993▲ 36.3%€551,455▲ 67.6%-€223,070
Staff (FTE)1.4=1.2▼ 14.3%1▼ 16.7%1=1.9▲ 90.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 84% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€1.1m ▲ 907%
Current assets
€462,502 ▼ 56.1%
Equity and liabilities €1.6m
Equity
€525,420 ▲ 4.2%
Debt
€1.1m ▲ 63.8%
Debt's share of the balance-sheet total rises from 56.8% to 67.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€111,971▼
2024 · €460,332
Cash flow
€64,124▼
2024 · €400,467
Current ratio
0.67▼
2024 · 2.10
Quick ratio
0.56▼
2024 · 1.98
Debt to equity
2.07▲
2024 · 1.31
ROE
4.0%▼
2024 · 71.4%
ROA
1.3%▼
2024 · 30.8%
Interest coverage
4.28▼
2024 · 53.02
Debt ≤ 1 year
€685,572▲
2024 · €501,509
Debt > 1 year
€389,778▲
2024 · €0
Income taxes
€21,840▼
2024 · €55,931
Staff costs
€156,346▲
2024 · €124,150
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €604 | €2,150 | €0 | - | - |
| Remuneration, social security and pensions62 | €100,303 | €85,767 | €88,622 | €124,150 | €156,346 | ▲ 25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,556 | €26,549 | €34,635 | €40,534 | €42,982 | ▲ 6.0% |
| Other operating charges640/8 | €4,217 | €2,676 | €6,722 | €3,462 | €4,626 | ▲ 33.6% |
| Non-recurring operating charges66A | €3,069 | €0 | - | - | - | - |
| Gross operating margin9900 | €221,814 | €200,837 | €371,785 | €587,944 | €272,943 | ▼ 53.6% |
| Operating profit (loss)9901 | €92,669 | €85,846 | €241,806 | €419,797 | €68,989 | ▼ 83.6% |
| Financial income75/76B | €12,223 | €10,766 | €6,071 | €4,749 | €165 | ▼ 96.5% |
| Recurring financial income75 | €12,223 | €10,766 | €6,071 | €4,749 | €165 | ▼ 96.5% |
| Financial charges65/66B | €8,374 | €10,064 | €10,143 | €8,682 | €26,173 | ▲ 201% |
| Recurring financial charges65 | €8,374 | €10,064 | €10,143 | €8,682 | €26,173 | ▲ 201% |
| Profit (loss) for the period before taxes9903 | €96,517 | €86,548 | €237,734 | €415,864 | €42,981 | ▼ 89.7% |
| Income taxes67/77 | €24,461 | €24,168 | €39,759 | €55,931 | €21,840 | ▼ 61.0% |
| Profit (loss) for the period9904 | €72,056 | €62,380 | €197,976 | €359,933 | €21,141 | ▼ 94.1% |
| Profit (loss) for the period to be appropriated9905 | €72,056 | €62,380 | €197,976 | €359,933 | €21,141 | ▼ 94.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €826,474 | €808,122 | €1.2m | €1.6m | ▲ 38.0% |
| Fixed assets21/28 | €119,466 | €108,540 | €129,616 | €114,045 | €1.1m | ▲ 907% |
| Intangible fixed assets21 | - | €7,963 | €5,254 | €7,123 | €2,803 | ▼ 60.6% |
| Tangible fixed assets22/27 | €119,038 | €100,578 | €124,362 | €106,923 | €110,511 | ▲ 3.4% |
| Plant, machinery and equipment23 | €695 | €298 | €5,543 | €3,069 | €596 | ▼ 80.6% |
| Furniture and vehicles24 | €42,223 | €30,758 | €55,612 | €31,974 | €11,910 | ▼ 62.8% |
| Leasing and similar rights25 | €0 | - | - | - | €37,351 | - |
| Other tangible fixed assets26 | €76,120 | €69,522 | €63,208 | €71,879 | €60,654 | ▼ 15.6% |
| Financial fixed assets28 | €428 | €0 | - | - | €1.0m | - |
| Current assets29/58 | €961,553 | €717,933 | €678,506 | €1.1m | €462,502 | ▼ 56.1% |
| Stocks and contracts in progress3 | - | - | €62,428 | €62,231 | €76,935 | ▲ 23.6% |
| Stocks30/36 | - | - | €62,428 | €62,231 | €76,935 | ▲ 23.6% |
| Amounts receivable within one year40/41 | €937,405 | €572,863 | €513,510 | €651,853 | €329,003 | ▼ 49.5% |
| Trade receivables40 | €549,550 | €291,016 | €222,036 | €472,058 | €308,998 | ▼ 34.5% |
| Other amounts receivable41 | €387,855 | €281,847 | €291,474 | €179,795 | €20,005 | ▼ 88.9% |
| Cash at bank and in hand54/58 | €18,121 | €136,491 | €90,543 | €325,908 | €37,894 | ▼ 88.4% |
| Deferred charges and accrued income490/1 | €6,028 | €8,579 | €12,024 | €12,973 | €18,669 | ▲ 43.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €826,474 | €808,122 | €1.2m | €1.6m | ▲ 38.0% |
| Equity10/15 | €238,990 | €301,370 | €394,346 | €504,279 | €525,420 | ▲ 4.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €220,390 | €282,770 | €375,746 | €485,679 | €506,820 | ▲ 4.4% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €220,390 | €282,770 | €375,746 | €485,679 | €506,820 | ▲ 4.4% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €842,030 | €525,104 | €413,776 | €662,731 | €1.1m | ▲ 63.8% |
| Amounts payable after more than one year17 | €76,062 | €48,472 | €20,469 | €0 | €389,778 | - |
| Financial debts170/4 | €76,062 | €48,472 | €20,469 | €0 | €389,778 | - |
| Amounts payable within one year42/48 | €595,022 | €476,631 | €349,513 | €501,509 | €685,572 | ▲ 36.7% |
| Current portion of amounts payable after more than one year42 | €30,881 | €29,245 | €29,688 | €22,184 | €101,884 | ▲ 359% |
| Financial debts43 | €6,049 | €108,030 | €8,139 | €8,116 | €100,000 | ▲ 1,132% |
| Credit institutions430/8 | €6,049 | €108,030 | €8,139 | €8,116 | €100,000 | ▲ 1,132% |
| Trade debts44 | €493,080 | €314,794 | €182,394 | €179,202 | €192,626 | ▲ 7.5% |
| Suppliers440/4 | €493,080 | €314,794 | €182,394 | €179,202 | €192,626 | ▲ 7.5% |
| Advances received on contracts in progress46 | - | - | - | €6,790 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €63,479 | €24,058 | €24,085 | €32,522 | €35,257 | ▲ 8.4% |
| Taxes450/3 | €44,613 | €11,822 | €5,175 | €11,536 | €11,193 | ▼ 3.0% |
| Remuneration and social security454/9 | €18,865 | €12,236 | €18,910 | €20,986 | €24,064 | ▲ 14.7% |
| Other amounts payable47/48 | €1,534 | €504 | €105,207 | €252,695 | €255,805 | ▲ 1.2% |
| Accrued charges and deferred income492/3 | €170,946 | €0 | €43,794 | €161,221 | €10,046 | ▼ 93.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72,056 | €62,380 | €197,976 | €359,933 | €21,141 | ▼ 94.1% |
| + Depreciation and write-downs630 | €21,556 | €26,549 | €34,635 | €40,534 | €42,982 | ▲ 6.0% |
| Operating cash flow (approximation) | €93,612 | €88,929 | €232,610 | €400,467 | €64,124 | ▼ 84.0% |
| Investment in fixed assets (approximation) | - | -€15,623 | -€55,710 | -€24,964 | -€1.1m | ▼ 4,215% |
| Change in cash | - | €118,370 | -€45,948 | €235,365 | -€288,014 | ▼ 222% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €359,933 ▲81.8%
Operating result €419,797, net result €359,933, both a record.
31-12
Financial
Equity above €500,000Eq €504,279 ▲27.9%
7 profitable years in a row build equity to €504,279.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €200,000Eq €238,990 ▲43.2%
4 profitable years in a row build equity to €238,990.
09-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150,000Eq €166,934 ▲99.1%
3 profitable years in a row build equity to €166,934.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genk · 2 establishment units since 2016
Ground area
4,983 m²
Building footprint
2,571 m²
Volume, LiDAR
8,038 m³
2 parcels, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
23
companies at this address
See who is registered here
2 establishment units
A+
since 20162.256.598.694
A+
since 20202.309.184.176
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304D1226/00F003 | Flanders | 4,422 m² | 1 · 2,398 m² | 9.7 m · 1 fl. |
| 73032G0475/00V000 | Flanders | 561 m² | 1 · 173 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 14,512 EUR awarded · 14,269 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,954 EUR | 1,992 EUR |
| 2024 | 1 | 1,021 EUR | 740 EUR |
| 2023 | 2 | 9,179 EUR | 9,179 EUR |
| 2022 | 1 | 2,358 EUR | 2,358 EUR |
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Of 1,226 companies in sector 33200 we hold annual accounts for 678. 445 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-08-2016
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0660962552
Also
9925:BE0660962552
Registered
24-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.