A+ KEURINGEN
ActiveSummary
A+ KEURINGEN has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €262k and a net result of €209k. Equity is growing by ~243.8% per year across the filed fiscal years. Its solvency ranks better than 21% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▲+15
Solvency44▲+15
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.31 against 0.1 in 2024; short-term debt: 25.3% and cash: 1.6% of total assets), and 81.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
18.9%
Return on assets
15.1%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
46 d early
2024
45 d early
2023
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€262k▲ 394%
2024 · €53k
2023: €3klowest in 3 years
2024: €53k▲ +1533% vs 2023
2025: €262k▲ +394% vs 2024highest in 3 years
2023 → 2025
Total assets
€1.39M▲ 0.1%
2024 · €1.38M
2023: €407klowest in 3 years
2024: €1.38M▲ +240% vs 2023
2025: €1.39M▲ +0.1% vs 2024highest in 3 years
2023 → 2025
Net result
€209k▲ 319%
2024 · €50k
2023: €251lowest in 3 years
2024: €50k▲ +19760% vs 2023
2025: €209k▲ +319% vs 2024highest in 3 years
2023 → 2025
Working capital
€-243k▲ 61.1%
2024 · €-625k
2023: €-57khighest in 3 years
2024: €-625k▼ -1001% vs 2023lowest in 3 years
2025: €-243k▲ +61.1% vs 2024
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€3k-€53k▲ 1,533%€262k▲ 394%
2023: €3klowest in 3 years
2024: €53k▲ +1533% vs 2023
2025: €262k▲ +394% vs 2024highest in 3 years
Operating result€3k-€90k▲ 2,750%€312k▲ 248%
2023: €3klowest in 3 years
2024: €90k▲ +2750% vs 2023
2025: €312k▲ +248% vs 2024highest in 3 years
Net result€251-€50k▲ 19,760%€209k▲ 319%
2023: €251lowest in 3 years
2024: €50k▲ +19760% vs 2023
2025: €209k▲ +319% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 248% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.39M
Fixed assets
€1.28M ▼ 2.9%
Current assets
€107k ▲ 57.8%
Equity and liabilities €1.39M
Equity
€262k ▲ 394%
Debt
€1.12M ▼ 15.6%
Debt's share of the balance-sheet total falls from 96.2% to 81.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€363k▲
2024 · €159k
Cash flow
€261k▲
2024 · €119k
Current ratio
0.31▲
2024 · 0.10
Debt to equity
4.28▼
2024 · 25.07
ROE
79.7%▼
2024 · 93.9%
ROA
15.1%▲
2024 · 3.6%
Interest coverage
11.10▲
2024 · 6.97
Debt ≤ 1 year
€350k▼
2024 · €693k
Debt > 1 year
€769k▲
2024 · €638k
Income taxes
€70k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.38M€1.39M▲
Fixed assets21/28€1.32M€1.28M▼
Tangible fixed assets22/27€1.32M€1.28M▼
Land and buildings22€1.32M€1.28M▼
Financial fixed assets28-€476
Current assets29/58€68k€107k▲
Amounts receivable within one year40/41€59k€85k▲
Trade receivables40€59k-
Other amounts receivable41-€85k
Cash at bank and in hand54/58€9k€23k▲
Equity and liabilities
Total equity and liabilities10/49€1.38M€1.39M▲
Equity10/15€53k€262k▲
Contributions10/11€3k€3k=
Reserves13€50k€50k=
Non-distributable reserves130/1€251€251=
Reserves not available under the articles1311€251€251=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14-€209k
Amounts payable17/49€1.33M€1.12M▼
Amounts payable after more than one year17€638k€769k▲
Financial debts170/4€638k€769k▲
Amounts payable within one year42/48€693k€350k▼
Current portion of amounts payable after more than one year42€48k€50k▲
Trade debts44€138k€232k▲
Suppliers440/4€138k€232k▲
Taxes, remuneration and social security45€23k€60k▲
Taxes450/3€23k€60k▲
Other amounts payable47/48€484k€8k▼
Accrued charges and deferred income492/3-€4k
Income statement
Code20242025
Non-recurring operating income76A-€42k
Remuneration, social security and pensions62€39-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€52k▼
Other operating charges640/8€60k€22k▼
Gross operating margin9900€219k€386k▲
Operating profit (loss)9901€90k€312k▲
Financial income75/76B€10€66▲
Recurring financial income75€10€66▲
Financial charges65/66B€23k€33k▲
Recurring financial charges65€23k€33k▲
Profit (loss) for the period before taxes9903€67k€279k▲
Income taxes67/77€17k€70k▲
Profit (loss) for the period9904€50k€209k▲
Profit (loss) for the period to be appropriated9905€50k€209k▲
Appropriation of the result
Profit (loss) to be appropriated9906€50k€209k▲
Transfer to equity691/2€50k-
To other reserves6921€50k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €42k | - |
| Remuneration, social security and pensions62 | - | €39 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €497 | €70k | €52k | ▼ 25.9% |
| Other operating charges640/8 | €38k | €60k | €22k | ▼ 62.5% |
| Gross operating margin9900 | €42k | €219k | €386k | ▲ 76.3% |
| Operating profit (loss)9901 | €3k | €90k | €312k | ▲ 248% |
| Financial income75/76B | - | €10 | €66 | ▲ 561% |
| Recurring financial income75 | - | €10 | €66 | ▲ 561% |
| Financial charges65/66B | €3k | €23k | €33k | ▲ 43.4% |
| Recurring financial charges65 | €3k | €23k | €33k | ▲ 43.4% |
| Profit (loss) for the period before taxes9903 | €435 | €67k | €279k | ▲ 318% |
| Income taxes67/77 | €184 | €17k | €70k | ▲ 312% |
| Profit (loss) for the period9904 | €251 | €50k | €209k | ▲ 319% |
| Profit (loss) for the period to be appropriated9905 | €251 | €50k | €209k | ▲ 319% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €407k | €1.38M | €1.39M | ▲ 0.1% |
| Fixed assets21/28 | €302k | €1.32M | €1.28M | ▼ 2.9% |
| Tangible fixed assets22/27 | €302k | €1.32M | €1.28M | ▼ 3.0% |
| Land and buildings22 | €302k | €1.32M | €1.28M | ▼ 3.0% |
| Financial fixed assets28 | - | - | €476 | - |
| Current assets29/58 | €105k | €68k | €107k | ▲ 57.8% |
| Amounts receivable within one year40/41 | €105k | €59k | €85k | ▲ 43.4% |
| Trade receivables40 | €103k | €59k | - | - |
| Other amounts receivable41 | €1k | - | €85k | - |
| Cash at bank and in hand54/58 | €162 | €9k | €23k | ▲ 153% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €407k | €1.38M | €1.39M | ▲ 0.1% |
| Equity10/15 | €3k | €53k | €262k | ▲ 394% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Reserves13 | €251 | €50k | €50k | = |
| Non-distributable reserves130/1 | €251 | €251 | €251 | = |
| Reserves not available under the articles1311 | €251 | €251 | €251 | = |
| Distributable reserves133 | - | €50k | €50k | = |
| Profit (loss) carried forward14 | - | - | €209k | - |
| Amounts payable17/49 | €404k | €1.33M | €1.12M | ▼ 15.6% |
| Amounts payable after more than one year17 | €242k | €638k | €769k | ▲ 20.4% |
| Financial debts170/4 | €242k | €638k | €769k | ▲ 20.4% |
| Amounts payable within one year42/48 | €162k | €693k | €350k | ▼ 49.4% |
| Current portion of amounts payable after more than one year42 | - | €48k | €50k | ▲ 4.4% |
| Trade debts44 | €158k | €138k | €232k | ▲ 67.7% |
| Suppliers440/4 | €158k | €138k | €232k | ▲ 67.7% |
| Taxes, remuneration and social security45 | €184 | €23k | €60k | ▲ 163% |
| Taxes450/3 | €184 | €23k | €60k | ▲ 163% |
| Other amounts payable47/48 | €4k | €484k | €8k | ▼ 98.3% |
| Accrued charges and deferred income492/3 | - | - | €4k | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €251 | €50k | €209k | ▲ 319% |
| + Depreciation and write-downs630 | €497 | €70k | €52k | ▼ 25.9% |
| Operating cash flow (approximation) | €748 | €119k | €261k | ▲ 118% |
| Investment in fixed assets (approximation) | - | €-1.08M | €-13k | ▲ 98.8% |
| Change in cash | - | €9k | €14k | ▲ 55.9% |
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
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2023net €209k ▲319%
Operating result €312k, net result €209k, both a record.
30-06
Financial
Equity above €200kEq €262k ▲394%
3 profitable years in a row build equity to €262k.
2024
17-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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 · 1 establishment unit since 2022
Ground area
847 m²
Building footprint
202 m²
Volume, LiDAR
1,162 m³
Parcel 71016I1337/00D002, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
A+ KEURINGEN
since 20222.342.324.524
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I1337/00D002 | Flanders | 847 m² | 1 · 202 m² | 11.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 4,979 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
Founded23-12-2022
Fiscal year end30-06
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.