Antigoon Engineering
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 20-03-2026 PDF all 6 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €150,000
Estimated: probably between €120,000 and €210,000
Total assets
€83,619▼ 17.0%
2024 · €100,795
Net result
€52,032▲ 491%
2024 · €8,808
Working capital
€58,794▼ 8.0%
2024 · €63,934
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€65,039
▲ 451%
2025
20202025
Net result
€52,032
▲ 491%
2025
highest quarter of the sector
20202025
Equity
€62,839
▼ 25.7%
2025
middle half of the sector
20202025
Total assets
€83,619
▼ 17.0%
2025
middle half of the sector
20202025
Debt
€20,780
▲ 28.1%
2025
20202025
Working capital
€58,794
▼ 8.0%
2025
middle half of the sector
20202025
Solvency
75.1%
▼ 8.8pp
2025
middle half of the sector
20202025
Current ratio
3.87
▼ 1.07
2025
middle half of the sector
20202025
Return on assets (ROA)
62.2%
▲ 53.5pp
2025
highest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€31,700-€21,085▼ 33.5%€27,039▲ 28.2%€19,291▼ 28.7%€11,803▼ 38.8%€65,039▲ 451%
Net result€24,418within the sector's middle half-€15,299within the sector's middle half▼ 37.3%€20,013within the sector's middle half▲ 30.8%€14,043within the sector's middle half▼ 29.8%€8,808within the sector's middle half▼ 37.3%€52,032above the sector's middle half▲ 491%
Equity€26,418below the sector's middle half-€41,716below the sector's middle half▲ 57.9%€61,729within the sector's middle half▲ 48.0%€75,772within the sector's middle half▲ 22.7%€84,580within the sector's middle half▲ 11.6%€62,839within the sector's middle half▼ 25.7%
Total assets€38,184below the sector's middle half-€75,041below the sector's middle half▲ 96.5%€87,360within the sector's middle half▲ 16.4%€93,654below the sector's middle half▲ 7.2%€100,795below the sector's middle half▲ 7.6%€83,619within the sector's middle half▼ 17.0%
Debt€11,766-€33,325▲ 183%€25,631▼ 23.1%€17,882▼ 30.2%€16,215▼ 9.3%€20,780▲ 28.1%
Working capital€22,850within the sector's middle half-€25,261within the sector's middle half▲ 10.6%€46,057within the sector's middle half▲ 82.3%€46,170within the sector's middle half▲ 0.2%€63,934within the sector's middle half▲ 38.5%€58,794within the sector's middle half▼ 8.0%
Solvency69.2%above the sector's middle half-55.6%within the sector's middle half▼ 13.6pp70.7%within the sector's middle half▲ 15.1pp80.9%above the sector's middle half▲ 10.2pp83.9%above the sector's middle half▲ 3.0pp75.1%within the sector's middle half▼ 8.8pp
Current ratio2.94within the sector's middle half-2.93within the sector's middle half▼ 0.014.22above the sector's middle half▲ 1.293.96above the sector's middle half▼ 0.264.94above the sector's middle half▲ 0.983.87within the sector's middle half▼ 1.07
Return on assets (ROA)63.9%above the sector's middle half-20.4%above the sector's middle half▼ 43.6pp22.9%above the sector's middle half▲ 2.5pp15.0%within the sector's middle half▼ 7.9pp8.7%within the sector's middle half▼ 6.3pp62.2%above the sector's middle half▲ 53.5pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 5.5 times that of 2024 and the highest since 2020. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83,619
Fixed assets
€4,345 ▼ 79.0%
Current assets
€79,273 ▼ 1.1%
Equity and liabilities €83,619
Equity
€62,839 ▼ 25.7%
Debt
€20,780 ▲ 28.1%
Debt's share of the balance-sheet total rises from 16.1% to 24.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€71,339▲
2024 · €23,046
Cash flow
€58,331▲
2024 · €20,050
Debt to equity
0.33▲
2024 · 0.19
ROE
82.8%▲
2024 · 10.4%
Interest coverage
over 100▲
2024 · 81.83
Debt ≤ 1 year
€20,480▲
2024 · €16,215
Income taxes
€17,028▲
2024 · €2,714
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €39,962 | €1,856 | €5,516 | - | - |
| Financial fixed assets | €150 | - | €10,000 | - | - |
| Depreciation and write-downs of the year | €6,975 | €11,550 | €10,640 | €11,243 | €6,300 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €256 awarded · €256 paidAnnual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,088 | €6,975 | €11,550 | €10,640 | €11,243 | €6,300 | ▼ 44.0% |
| Other operating charges640/8 | - | €413 | €260 | €750 | €890 | €1,023 | ▲ 14.9% |
| Gross operating margin9900 | €33,967 | €28,472 | €38,848 | €30,681 | €23,936 | €72,362 | ▲ 202% |
| Operating profit (loss)9901 | €31,700 | €21,085 | €27,039 | €19,291 | €11,803 | €65,039 | ▲ 451% |
| Financial income75/76B | - | - | - | - | - | €4,138 | - |
| Recurring financial income75 | €0 | - | - | - | - | €4,138 | - |
| Financial charges65/66B | - | €780 | €566 | €554 | €282 | €118 | ▼ 58.2% |
| Recurring financial charges65 | €151 | €780 | €566 | €554 | €282 | €118 | ▼ 58.2% |
| Profit (loss) for the period before taxes9903 | €31,550 | €20,305 | €26,473 | €18,737 | €11,522 | €69,059 | ▲ 499% |
| Income taxes67/77 | €7,132 | €5,006 | €6,460 | €4,694 | €2,714 | €17,028 | ▲ 527% |
| Profit (loss) for the period9904 | €24,418 | €15,299 | €20,013 | €14,043 | €8,808 | €52,032 | ▲ 491% |
| Profit (loss) for the period to be appropriated9905 | €24,418 | €15,299 | €20,013 | €14,043 | €8,808 | €52,032 | ▲ 491% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €38,184 | €75,041 | €87,360 | €93,654 | €100,795 | €83,619 | ▼ 17.0% |
| Formation expenses20 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €3,568 | €36,705 | €27,012 | €31,888 | €20,645 | €4,345 | ▼ 79.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €3,568 | €36,555 | €26,862 | €21,738 | €10,495 | €4,195 | ▼ 60.0% |
| Furniture and vehicles24 | - | €36,555 | €25,129 | €20,191 | €9,134 | €3,020 | ▼ 66.9% |
| Other tangible fixed assets26 | - | - | €1,733 | €1,547 | €1,361 | €1,176 | ▼ 13.6% |
| Financial fixed assets28 | €0 | €150 | €150 | €10,150 | €10,150 | €150 | ▼ 98.5% |
| Current assets29/58 | €34,616 | €38,336 | €60,348 | €61,766 | €80,150 | €79,273 | ▼ 1.1% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €12,343 | €4,719 | €11,746 | €27,313 | €79,006 | €58,419 | ▼ 26.1% |
| Trade receivables40 | - | €4,719 | €11,746 | €4,404 | €57,760 | €56,483 | ▼ 2.2% |
| Other amounts receivable41 | - | - | - | €22,908 | €21,246 | €1,936 | ▼ 90.9% |
| Current investments50/53 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €21,672 | €32,710 | €47,816 | €33,086 | €126 | €20,151 | ▲ 160× |
| Deferred charges and accrued income490/1 | - | €908 | €787 | €1,367 | €1,018 | €704 | ▼ 30.9% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €38,184 | €75,041 | €87,360 | €93,654 | €100,795 | €83,619 | ▼ 17.0% |
| Equity10/15 | €26,418 | €41,716 | €61,729 | €75,772 | €84,580 | €62,839 | ▼ 25.7% |
| Contributions10/11 | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | - | €39,716 | €59,729 | €73,772 | €82,580 | €60,839 | ▼ 26.3% |
| Distributable reserves133 | - | €39,716 | €59,729 | €73,772 | €82,580 | €60,839 | ▼ 26.3% |
| Profit (loss) carried forward14 | €24,418 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €11,766 | €33,325 | €25,631 | €17,882 | €16,215 | €20,780 | ▲ 28.1% |
| Amounts payable after more than one year17 | - | €20,249 | €11,340 | €2,286 | €0 | - | - |
| Financial debts170/4 | - | €20,249 | €11,340 | €2,286 | €0 | - | - |
| Amounts payable within one year42/48 | €11,766 | €13,075 | €14,292 | €15,596 | €16,215 | €20,480 | ▲ 26.3% |
| Current portion of amounts payable after more than one year42 | - | €8,767 | €8,910 | €9,054 | €2,286 | €0 | ▼ 100% |
| Trade debts44 | €444 | €613 | €369 | €1,884 | €1,880 | €11,367 | ▲ 505% |
| Suppliers440/4 | - | €613 | €369 | €1,884 | €1,880 | €11,367 | ▲ 505% |
| Taxes, remuneration and social security45 | - | €1,822 | €3,449 | €3,377 | €10,648 | €9,113 | ▼ 14.4% |
| Taxes450/3 | - | €1,822 | €3,449 | €3,377 | €10,648 | €9,113 | ▼ 14.4% |
| Other amounts payable47/48 | - | €1,873 | €1,564 | €1,282 | €1,401 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €300 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,418 | €15,299 | €20,013 | €14,043 | €8,808 | €52,032 | ▲ 491% |
| + Depreciation and write-downs630 | €2,088 | €6,975 | €11,550 | €10,640 | €11,243 | €6,300 | ▼ 44.0% |
| Operating cash flow (approximation) | €26,506 | €22,274 | €31,562 | €24,683 | €20,050 | €58,331 | ▲ 191% |
| Investment in fixed assets (approximation) | - | -€40,112 | -€1,856 | -€15,516 | €0 | €10,000 | - |
| Change in cash | - | €11,037 | €15,106 | -€14,729 | -€32,960 | €20,025 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as Antigoon Engineering has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Antigoon Engineering itself is lower: < 0.1% within 12 months. It rests on far more data about Antigoon Engineering than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Antigoon Engineering. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 20-03-2026 | 2026-00063370 | |
| 30-09-2024 | abbreviated format | 02-04-2025 | 2025-00063027 | |
| 30-09-2023 | abbreviated format | 29-04-2024 | 2024-00083904 | |
| 30-09-2022 | micro format | 05-04-2023 | 2023-00055264 | |
| 30-09-2021 | abbreviated format | 29-04-2022 | 2022-20012565 | |
| 30-09-2020 | abbreviated format | 22-03-2021 | 2021-08200147 |