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ARCHITECTURAL ENGINEERING

Active
Public limited companyfounded 1989active for 37 yearsPlace Reine-Astrid 13, 5500 Dinant, BelgiumKBO/BCE: BE 0437.248.482
Summary

ARCHITECTURAL ENGINEERING has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €251,522 and a net result of -€31,083. Equity is shrinking by about 2.8% per year across the filed financial years. Its solvency ranks better than 43% of 5,763 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Financials · financial year 2025, full format

Turnover
€15,757▼ 23.6%
2022 · €20,625
EBIT margin
-39.9%▼ 53.9pp
2022 · 14.0%
Net result
-€31,083▼ 54.4%
2024 · -€20,130
Working capital
€547,920▼ 11.8%
2024 · €621,481
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result stays negative: a loss of €30,957 in 2025 against €19,603 in 2024; the loss grows and 2025 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€15,757 2023 Operating result-€30,957 2025 Net result-€31,083 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Turnover€58,115-€31,002▼ 46.7%€20,315▼ 34.5%€20,625▲ 1.5%€15,757▼ 23.6%
Operating result€73--€64,193€52,530€2,890▼ 94.5%-€6,286-€19,603▼ 212%-€30,957▼ 57.9%
Net result-€301--€69,116below the sector's middle half▼ 22,853%€50,385within the sector's middle half€1,595within the sector's middle half▼ 96.8%-€7,044within the sector's middle half-€20,130within the sector's middle half▼ 186%-€31,083within the sector's middle half▼ 54.4%
EBIT margin0.1%--207.1%▼ 207.2pp258.6%▲ 465.6pp14.0%▼ 244.6pp-39.9%▼ 53.9pp
Equity€326,913-€257,797within the sector's middle half▼ 21.1%€308,183within the sector's middle half▲ 19.5%€309,778within the sector's middle half▲ 0.5%€302,734within the sector's middle half▼ 2.3%€282,605within the sector's middle half▼ 6.6%€251,522within the sector's middle half▼ 11.0%
Total assets€957,889-€949,445within the sector's middle half▼ 0.9%€968,648within the sector's middle half▲ 2.0%€913,129within the sector's middle half▼ 5.7%€904,701within the sector's middle half▼ 0.9%€888,901within the sector's middle half▼ 1.7%€812,132below the sector's middle half▼ 8.6%
Debt€630,976-€691,648▲ 9.6%€660,466▼ 4.5%€603,351▼ 8.6%€601,967▼ 0.2%€606,296▲ 0.7%€560,610▼ 7.5%
Working capital€599,920-€541,698within the sector's middle half▼ 9.7%€604,165within the sector's middle half▲ 11.5%€612,349within the sector's middle half▲ 1.4%€627,295within the sector's middle half▲ 2.4%€621,481within the sector's middle half▼ 0.9%€547,920within the sector's middle half▼ 11.8%
Solvency34.1%-27.2%within the sector's middle half▼ 7.0pp31.8%within the sector's middle half▲ 4.7pp33.9%within the sector's middle half▲ 2.1pp33.5%within the sector's middle half▼ 0.5pp31.8%within the sector's middle half▼ 1.7pp31.0%within the sector's middle half▼ 0.8pp
Current ratio3.14-2.59within the sector's middle half▼ 0.552.95within the sector's middle half▲ 0.363.42above the sector's middle half▲ 0.473.65above the sector's middle half▲ 0.233.68above the sector's middle half▲ 0.043.35within the sector's middle half▼ 0.33
Return on assets (ROA)0.0%--7.3%below the sector's middle half▼ 7.2pp5.2%within the sector's middle half▲ 12.5pp0.2%within the sector's middle half▼ 5.0pp-0.8%within the sector's middle half▼ 1.0pp-2.3%below the sector's middle half▼ 1.5pp-3.8%below the sector's middle half▼ 1.6pp
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €812,132
Fixed assets €31,168 ▼ 12.7%
Current assets €780,964 ▼ 8.5%
Equity and liabilities €812,132
Equity €251,522 ▼ 11.0%
Debt €560,610 ▼ 7.5%
Debt's share of the balance-sheet total rises from 68.2% to 69.0%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€26,411▼
2024 · -€14,878
Cash flow
-€26,537▼
2024 · -€15,405
Debt to equity
2.23▲
2024 · 2.15
ROE
-12.4%▼
2024 · -7.1%
Interest coverage
-210.42▼
2024 · -25.88
Debt ≤ 1 year
€233,044▲
2024 · €231,706
Debt > 1 year
€327,566▼
2024 · €374,517
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 8,617 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94.2% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94.2% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 8,617 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet Code20242025
Assets
Total assets20/58€888,901€812,132▼
Fixed assets21/28€35,714€31,168▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€34,964€30,418▼
Land and buildings22€34,964€30,418▼
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€0€0=
Financial fixed assets28€750€750=
Current assets29/58€853,187€780,964▼
Amounts receivable within one year40/41€584,056€516,605▼
Trade receivables40€485,560€418,139▼
Other amounts receivable41€98,497€98,466=
Cash at bank and in hand54/58€34,499€30,376▼
Deferred charges and accrued income490/1€234,631€233,983▼
Equity and liabilities
Total equity and liabilities10/49€888,901€812,132▼
Equity10/15€282,605€251,522▼
Contributions10/11€300,000€300,000=
Capital10€300,000€300,000=
Issued capital100€300,000€300,000=
Reserves13€3,407€3,407=
Non-distributable reserves130/1€3,407€3,407=
Legal reserve130€3,407€3,407=
Profit (loss) carried forward14-€20,803-€51,885▼
Amounts payable17/49€606,296€560,610▼
Amounts payable after more than one year17€374,517€327,566▼
Other amounts payable178/9€374,517€327,566▼
Amounts payable within one year42/48€231,706€233,044▲
Trade debts44€5,107€4,057▼
Suppliers440/4€5,107€4,057▼
Taxes, remuneration and social security45€0€0=
Taxes450/3€0€0=
Other amounts payable47/48€226,599€228,987▲
Accrued charges and deferred income492/3€73€0▼
Income statement Code20242025
Goods, raw materials, services and sundry goods60/61€34,835€23,161▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,725€4,546▼
Other operating charges640/8€2,025€1,972▼
Non-recurring operating charges66A€63,000€63,813▲
Gross operating margin9900€50,148€39,374▼
Operating profit (loss)9901-€19,603-€30,957▼
Financial income75/76B€48-
Recurring financial income75€48-
Financial charges65/66B€575€126▼
Recurring financial charges65€575€126▼
Profit (loss) for the period before taxes9903-€20,130-€31,083▼
Profit (loss) for the period9904-€20,130-€31,083▼
Profit (loss) for the period to be appropriated9905-€20,130-€31,083▼
Appropriation of the result
Profit (loss) to be appropriated9906-€20,803-€51,885▼
Profit (loss) brought forward from the previous period14P-€673-€20,803▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Turnover70€58,115€31,002€20,315€20,625€15,757---
Non-recurring operating income76A----€4,566---
Goods, raw materials, services and sundry goods60/61---€36,922€30,393€34,835€23,161▼ 33.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,326€12,505€12,506€7,023€6,990€4,725€4,546▼ 3.8%
Other operating charges640/8---€1,592€2,792€2,025€1,972▼ 2.6%
Non-recurring operating charges66A---€50,644€63,000€63,000€63,813▲ 1.3%
Gross operating margin9900€14,399€45,359€68,135€62,148€66,497€50,148€39,374▼ 21.5%
Operating profit (loss)9901€73-€64,193€52,530€2,890-€6,286-€19,603-€30,957▼ 57.9%
Financial income75/76B---€29€10€48--
Recurring financial income75€9€16€197€29€10€48--
Financial charges65/66B---€1,167€687€575€126▼ 78.2%
Recurring financial charges65€322€4,754€2,193€1,167€687€575€126▼ 78.2%
Profit (loss) for the period before taxes9903-€239-€68,931€50,535€1,751-€6,963-€20,130-€31,083▼ 54.4%
Income taxes67/77€62€185€149€156€80---
Profit (loss) for the period9904-€301-€69,116€50,385€1,595-€7,044-€20,130-€31,083▼ 54.4%
Profit (loss) for the period to be appropriated9905-€301-€69,116€50,385€1,595-€7,044-€20,130-€31,083▼ 54.4%
Line2019202020212022202320242025Change
Assets
Total assets20/58€957,889€949,445€968,648€913,129€904,701€888,901€812,132▼ 8.6%
Fixed assets21/28€77,027€66,979€54,452€47,429€40,439€35,714€31,168▼ 12.7%
Intangible fixed assets21-€0€0€0€0€0€0-
Tangible fixed assets22/27€76,277€66,229€53,702€46,679€39,689€34,964€30,418▼ 13.0%
Land and buildings22---€46,321€39,510€34,964€30,418▼ 13.0%
Plant, machinery and equipment23---€0€0€0€0-
Furniture and vehicles24---€358€179€0€0-
Financial fixed assets28€750€750€750€750€750€750€750=
Current assets29/58€880,862€882,466€914,197€865,700€864,262€853,187€780,964▼ 8.5%
Amounts receivable within one year40/41€617,699€637,401€652,714€607,990€622,118€584,056€516,605▼ 11.5%
Trade receivables40---€589,718€531,742€485,560€418,139▼ 13.9%
Other amounts receivable41---€18,272€90,376€98,497€98,466=
Cash at bank and in hand54/58€28,200€2,779€0€0€7,563€34,499€30,376▼ 12.0%
Deferred charges and accrued income490/1---€257,710€234,582€234,631€233,983▼ 0.3%
Equity and liabilities
Total equity and liabilities10/49€957,889€949,445€968,648€913,129€904,701€888,901€812,132▼ 8.6%
Equity10/15€326,913€257,797€308,183€309,778€302,734€282,605€251,522▼ 11.0%
Contributions10/11€300,000€300,000€300,000€300,000€300,000€300,000€300,000=
Capital10---€300,000€300,000€300,000€300,000=
Issued capital100---€300,000€300,000€300,000€300,000=
Reserves13€3,072€3,072€3,327€3,407€3,407€3,407€3,407=
Non-distributable reserves130/1---€3,407€3,407€3,407€3,407=
Legal reserve130---€3,407€3,407€3,407€3,407=
Profit (loss) carried forward14€23,842-€45,274€4,855€6,371-€673-€20,803-€51,885▼ 149%
Amounts payable17/49€630,976€691,648€660,466€603,351€601,967€606,296€560,610▼ 7.5%
Amounts payable after more than one year17€350,000€350,000€350,000€350,000€365,000€374,517€327,566▼ 12.5%
Other amounts payable178/9---€350,000€365,000€374,517€327,566▼ 12.5%
Amounts payable within one year42/48€280,942€340,769€310,032€253,351€236,967€231,706€233,044▲ 0.6%
Current portion of amounts payable after more than one year42---€0----
Financial debts43---€2,149€0---
Credit institutions430/8---€2,149€0---
Trade debts44€29,458€12,326€19,272€17,616€3,701€5,107€4,057▼ 20.6%
Suppliers440/4---€17,616€3,701€5,107€4,057▼ 20.6%
Taxes, remuneration and social security45---€4,949€3,442€0€0-
Taxes450/3---€4,949€3,442€0€0-
Other amounts payable47/48---€228,636€229,824€226,599€228,987▲ 1.1%
Accrued charges and deferred income492/3---€0€0€73€0▼ 100%
Line2019202020212022202320242025Change
Profit (loss) for the period9904-€301-€69,116€50,385€1,595-€7,044-€20,130-€31,083▼ 54.4%
+ Depreciation and write-downs630€12,326€12,505€12,506€7,023€6,990€4,725€4,546▼ 3.8%
Operating cash flow (approximation)€12,025-€56,611€62,892€8,618-€54-€15,405-€26,537▼ 72.3%
Investment in fixed assets (approximation)--€2,457€21€0€0€0€0-
Change in cash--€25,422-€2,779€0€7,563€26,937-€4,123-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 36 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 full format 04-12-2025 2025-00575849
30-06-2024 full format 20-02-2025 2025-00036886
30-06-2023 full format 15-02-2024 2024-00030451
30-06-2022 full format 27-02-2023 2023-00031546
30-06-2021 full format 10-02-2022 2022-05300112
30-06-2020 full format 23-02-2021 2021-05800414
30-06-2019 full format 28-02-2020 2020-05700205
30-06-2018 full format 28-02-2019 2019-05900141
30-06-2017 full format 27-02-2018 2018-05500203
30-06-2016 full format 27-02-2017 2017-05100292

Show all 36 filings

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