ANGLE ENGINEERING
ActiveSummary
ANGLE ENGINEERING has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69,412 and a net result of -€21,416. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 59% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-100
Solvency89▲+13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 7.59 against 7.84 in 2023; short-term debt: 7.3% and cash: 52.1% of total assets), and 36.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
63.6%
Return on assets
-19.6%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 149 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 28-05-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
28 d late
2023
on the day
2022
48 d early
2021
67 d late
2020
7 d early
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€69,412▼ 24.0%
2023 · €91,300
Total assets
€109,135▼ 39.3%
2023 · €179,840
Net result
-€21,416
2023 · €106,830
Working capital
€52,740▼ 57.6%
2023 · €124,297
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
Line20202021202220232024
Operating result-€30,277-€16,915▲ 44.1%-€24,868▼ 47.0%€118,157-€13,808
Net result-€30,423-€17,306▲ 43.1%-€25,207▼ 45.7%€106,830-€21,416
Equity€28,409▼ 52.1%€10,621▼ 62.6%-€15,058€91,300€69,412▼ 24.0%
Total assets€89,295▼ 32.9%€95,184▲ 6.6%€68,853▼ 27.7%€179,840▲ 161%€109,135▼ 39.3%
Debt€15,335▼ 45.7%€39,012▲ 154%€38,360▼ 1.7%€42,989▲ 12.1%€26,057▼ 39.4%
Working capital€2,952▼ 92.1%€18,515▲ 527%-€66€124,297€52,740▼ 57.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €13,808 after €118,157 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €109,135
Fixed assets
€48,389 ▲ 29.5%
Current assets
€60,745 ▼ 57.4%
Equity and liabilities €109,135
Equity
€69,412 ▼ 24.0%
Provisions
€13,666 ▼ 70.0%
Debt
€26,057 ▼ 39.4%
Debt's share of the balance-sheet total stays at 23.9%.
Key figures and ratios
EBITDA
-€7,049▼
2023 · €124,622
Cash flow
-€14,657▼
2023 · €113,295
Current ratio
7.59▼
2023 · 7.84
Debt to equity
0.38▼
2023 · 0.47
ROE
-30.9%▼
2023 · 117.0%
ROA
-19.6%▼
2023 · 59.4%
Interest coverage
-6.29▼
2023 · 130.40
Debt ≤ 1 year
€8,005▼
2023 · €18,168
Debt > 1 year
€18,052▼
2023 · €24,821
Income taxes
€8,962▼
2023 · €10,859
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,732 | €10,294 | €10,143 | €6,465 | €6,759 | ▲ 4.5% |
| Other operating charges640/8 | - | €3,551 | €5,376 | €6,862 | €5,016 | ▼ 26.9% |
| Non-recurring operating charges66A | - | - | €1,631 | €424 | - | - |
| Gross operating margin9900 | -€13,733 | -€3,070 | -€7,718 | €131,908 | -€2,033 | ▼ 102% |
| Operating profit (loss)9901 | -€30,277 | -€16,915 | -€24,868 | €118,157 | -€13,808 | ▼ 112% |
| Financial income75/76B | - | €489 | €490 | €488 | €2,475 | ▲ 408% |
| Recurring financial income75 | €526 | €489 | €490 | €488 | €2,475 | ▲ 408% |
| Financial charges65/66B | - | €954 | €617 | €956 | €1,121 | ▲ 17.3% |
| Recurring financial charges65 | €496 | €884 | €617 | €956 | €1,121 | ▲ 17.3% |
| Non-recurring financial charges66B | - | €70 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€30,247 | -€17,380 | -€24,996 | €117,689 | -€12,454 | ▼ 111% |
| Income taxes67/77 | €176 | -€74 | €211 | €10,859 | €8,962 | ▼ 17.5% |
| Profit (loss) for the period9904 | -€30,423 | -€17,306 | -€25,207 | €106,830 | -€21,416 | ▼ 120% |
| Profit (loss) for the period to be appropriated9905 | -€30,423 | -€17,306 | -€25,207 | €106,830 | -€21,416 | ▼ 120% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89,295 | €95,184 | €68,853 | €179,840 | €109,135 | ▼ 39.3% |
| Fixed assets21/28 | €71,615 | €66,703 | €56,560 | €37,374 | €48,389 | ▲ 29.5% |
| Tangible fixed assets22/27 | €71,615 | €66,703 | €56,560 | €37,374 | €48,389 | ▲ 29.5% |
| Land and buildings22 | - | €66,703 | €56,560 | €37,374 | €48,389 | ▲ 29.5% |
| Current assets29/58 | €17,680 | €28,481 | €12,294 | €142,465 | €60,745 | ▼ 57.4% |
| Amounts receivable within one year40/41 | €1,399 | €4,023 | €1,481 | €451 | €3,655 | ▲ 711% |
| Trade receivables40 | - | €3,974 | - | - | €3,655 | - |
| Other amounts receivable41 | - | €48 | €1,481 | €451 | - | - |
| Cash at bank and in hand54/58 | €15,214 | €22,896 | €8,831 | €141,608 | €56,861 | ▼ 59.8% |
| Deferred charges and accrued income490/1 | - | €1,562 | €1,982 | €407 | €230 | ▼ 43.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89,295 | €95,184 | €68,853 | €179,840 | €109,135 | ▼ 39.3% |
| Equity10/15 | €28,409 | €10,621 | -€15,058 | €91,300 | €69,412 | ▼ 24.0% |
| Contributions10/11 | - | €18,582 | €18,582 | €18,582 | - | - |
| Reserves13 | €4,297 | €4,297 | €4,297 | €68,597 | €87,179 | ▲ 27.1% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | - | - |
| Tax-exempt reserves132 | - | €2,438 | €2,438 | €2,438 | €2,438 | = |
| Distributable reserves133 | - | - | - | €64,300 | €84,741 | ▲ 31.8% |
| Profit (loss) carried forward14 | €440 | -€16,866 | -€42,073 | €457 | -€20,959 | ▼ 4,685% |
| Investment grants15 | - | €4,608 | €4,136 | €3,664 | €3,192 | ▼ 12.9% |
| Provisions and deferred taxes16 | €45,551 | €45,551 | €45,551 | €45,551 | €13,666 | ▼ 70.0% |
| Provisions for liabilities and charges160/5 | - | €45,551 | €45,551 | €45,551 | €13,666 | ▼ 70.0% |
| Pensions and similar obligations160 | - | €45,551 | €45,551 | €45,551 | €13,666 | ▼ 70.0% |
| Amounts payable17/49 | €15,335 | €39,012 | €38,360 | €42,989 | €26,057 | ▼ 39.4% |
| Amounts payable after more than one year17 | €0 | €29,046 | €26,000 | €24,821 | €18,052 | ▼ 27.3% |
| Financial debts170/4 | - | €26,796 | €23,750 | €20,651 | €17,497 | ▼ 15.3% |
| Other amounts payable178/9 | - | €2,250 | €2,250 | €4,170 | €555 | ▼ 86.7% |
| Amounts payable within one year42/48 | €14,727 | €9,966 | €12,360 | €18,168 | €8,005 | ▼ 55.9% |
| Current portion of amounts payable after more than one year42 | - | €2,993 | €3,046 | €3,100 | €3,154 | ▲ 1.8% |
| Trade debts44 | €13,257 | €4,941 | €6,525 | €4,436 | €4,658 | ▲ 5.0% |
| Suppliers440/4 | - | €4,941 | €6,525 | €4,436 | €4,658 | ▲ 5.0% |
| Taxes, remuneration and social security45 | - | €968 | €1,725 | €10,632 | €193 | ▼ 98.2% |
| Taxes450/3 | - | €968 | €1,725 | €10,632 | €193 | ▼ 98.2% |
| Other amounts payable47/48 | - | €1,065 | €1,065 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,423 | -€17,306 | -€25,207 | €106,830 | -€21,416 | ▼ 120% |
| + Depreciation and write-downs630 | €11,732 | €10,294 | €10,143 | €6,465 | €6,759 | ▲ 4.5% |
| Operating cash flow (approximation) | -€18,691 | -€7,012 | -€15,063 | €113,295 | -€14,657 | ▼ 113% |
| Investment in fixed assets (approximation) | - | -€5,382 | €0 | €12,720 | -€17,774 | ▼ 240% |
| Change in cash | - | €7,682 | -€14,065 | €132,777 | -€84,747 | ▼ 164% |
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
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €106,830
Net result €106,830 after 3 loss-making years.
30-09
Financial
Liquidity times 8current ratio 7.84
Current ratio from 0.99 to 7.84.
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 67 days late
2021
30-09
Financial
Liquidity doublescurrent ratio 2.86
Current ratio from 1.20 to 2.86; short-term debt falls from €14,727 to €9,966.
23-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€30,423
Net result drops to -€30,423, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
30-09
Financial
Back to profitnet €29,735
Net result €29,735 after one loss-making year.
30-09
Financial
Liquidity doublescurrent ratio 2.42
Current ratio from 1.08 to 2.42; short-term debt falls from €51,434 to €26,422.
Show earlier events
27-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-02
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Mouscron · 1 establishment unit since 1996
Ground area
156 m²
Building footprint
190 m²
Parcel 54435D0026/00Z005, Wallonia. Linked by address, not a title deed.
1 establishment unit
Risquons-Toutsteenweg 540, 7700 Mouscron
since 19962.077.963.197
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54435D0026/00Z005 | Wallonia | 156 m² | 1 · 190 m² | - |
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 11,571 companies in sector 71121 we hold annual accounts for 6,563. 5,113 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
Founded21-08-1996
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
46649Wholesale of other machinery and equipment
Scores and ratios are computed by Checked and are not a credit decision.