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B&D ENGINEERING

Active
Private limited companyfounded 2012active for 14 yearsRue Bon Espoir 16, 4041 Herstal, BelgiumKBO/BCE: BE 0844.375.793
Summary

B&D ENGINEERING has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€40,334) and a net result of €29,143. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 7% of 879 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Financials · financial year 2025, full format

Turnover
€0
EBIT margin
Not included in this filing
Net result
€29,143
2024 · -€3,010
Working capital
-€74,974▼ 5.9%
2024 · -€70,788
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 6 financial years

The operating result recovers in 2025; 2025 is 1,532% above 2024 and is the highest 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.

Operating result€43,176 2025 Net result€29,143 2025

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

Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: 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), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line201920212022202320242025
Turnover€0-
Operating result-€45,859-€12,543-€7,574▼ 39.6%€4,406▼ 41.8%€2,646▼ 39.9%€43,176▲ 1,532%
Net result-€47,172-€9,699within the sector's middle half-€1,848within the sector's middle half▼ 81.0%-€1,486below the sector's middle half-€3,010below the sector's middle half▼ 103%€29,143within the sector's middle half
Equity-€47,761--€66,827below the sector's middle half--€64,980below the sector's middle half▲ 2.8%-€66,466below the sector's middle half▼ 2.3%-€69,477below the sector's middle half▼ 4.5%-€40,334below the sector's middle half▲ 41.9%
Total assets€90,026-€162,326below the sector's middle half-€123,056below the sector's middle half▼ 24.2%€146,841below the sector's middle half▲ 19.3%€100,037below the sector's middle half▼ 31.9%€145,551below the sector's middle half▲ 45.5%
Debt€137,787-€229,153-€188,036▼ 17.9%€163,308▼ 13.2%€169,513▲ 3.8%€185,884▲ 9.7%
Working capital-€53,619--€73,111below the sector's middle half--€70,211below the sector's middle half▲ 4.0%-€22,040below the sector's middle half▲ 68.6%-€70,788below the sector's middle half▼ 221%-€74,974below the sector's middle half▼ 5.9%
Solvency-53.1%--41.2%below the sector's middle half--52.8%below the sector's middle half▼ 11.6pp-45.3%below the sector's middle half▲ 7.5pp-69.5%below the sector's middle half▼ 24.2pp-27.7%below the sector's middle half▲ 41.7pp
Current ratio0.61-0.68below the sector's middle half-0.63below the sector's middle half▼ 0.050.86below the sector's middle half▲ 0.240.58below the sector's middle half▼ 0.290.59below the sector's middle half▲ 0.01
Return on assets (ROA)-52.4%-6.0%within the sector's middle half-1.5%within the sector's middle half▼ 4.5pp-1.0%below the sector's middle half▼ 2.5pp-3.0%below the sector's middle half▼ 2.0pp20.0%above the sector's middle half▲ 23.0pp
Staff (FTE)4-4within the sector's middle half-4.3within the sector's middle half▲ 7.5%3.3within the sector's middle half▼ 23.3%2.6within the sector's middle half▼ 21.2%1.5below the sector's middle half▼ 42.3%
above within below the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: 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 €145,551
Fixed assets €37,127 ▲ 1,007%
Current assets €108,424 ▲ 12.1%
Equity and liabilities
Equity-€40,334
Debt€185,884
Equity is negative: debt (€185,884) exceeds the balance-sheet total (€145,551).
Key figures and ratios
2025 value · change against 2024
EBITDA
€47,126▲
2024 · €5,819
Cash flow
€33,093▲
2024 · €163
Interest coverage
over 100▲
2024 · 2.38
Debt ≤ 1 year
€183,398▲
2024 · €167,471
Income taxes
€14,000▲
2024 · €3,215
Staff costs
€111,857▼
2024 · €227,956
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 91.9% are still going.

  • Micro
  • 10 to 20 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
2.9% went bankrupt
4.8% stopped otherwise
91.9% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,472 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% 1.0%
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 3,632 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 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€100,037€145,551▲
Fixed assets21/28€3,354€37,127▲
Tangible fixed assets22/27€3,354€37,127▲
Plant, machinery and equipment23-€36,152
Furniture and vehicles24€3,354€975▼
Current assets29/58€96,683€108,424▲
Amounts receivable within one year40/41€81,179€95,977▲
Trade receivables40€81,179€91,009▲
Other amounts receivable41€0€4,968▲
Cash at bank and in hand54/58€15,356€4,568▼
Deferred charges and accrued income490/1€148€7,879▲
Equity and liabilities
Total equity and liabilities10/49€100,037€145,551▲
Equity10/15-€69,477-€40,334▲
Contributions10/11€6,200€6,200=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1,860€1,860=
Profit (loss) carried forward14-€77,537-€48,394▲
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Environmental obligations163€0-
Amounts payable17/49€169,513€185,884▲
Amounts payable within one year42/48€167,471€183,398▲
Trade debts44€111,593€144,075▲
Suppliers440/4€111,593€144,075▲
Taxes, remuneration and social security45€53,706€38,836▼
Taxes450/3€25,650€15,422▼
Remuneration and social security454/9€28,057€23,413▼
Other amounts payable47/48€2,171€488▼
Accrued charges and deferred income492/3€2,043€2,486▲
Income statement Code20242025
Remuneration, social security and pensions62€227,956€111,857▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,173€3,950▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€50,000€0▲
Other operating charges640/8€674€462▼
Gross operating margin9900€184,450€159,445▼
Operating profit (loss)9901€2,646€43,176▲
Financial charges65/66B€2,441€33▼
Recurring financial charges65€2,441€33▼
Profit (loss) for the period before taxes9903€205€43,143▲
Income taxes67/77€3,215€14,000▲
Profit (loss) for the period9904-€3,010€29,143▲
Profit (loss) for the period to be appropriated9905-€3,010€29,143▲
Appropriation of the result
Profit (loss) to be appropriated9906-€77,537-€48,394▲
Profit (loss) brought forward from the previous period14P-€74,526-€77,537▼
Social balance sheet
Average headcount (FTE)90872.6-

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201920212022202320242025Change
Turnover70€0------
Remuneration, social security and pensions62--€266,212€231,082€227,956€111,857▼ 50.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,429€3,023€2,183€2,601€3,173€3,950▲ 24.5%
Provisions for liabilities and charges: additions (uses and reversals)635/8---€50,000-€50,000€0-
Other operating charges640/8--€521€348€674€462▼ 31.4%
Gross operating margin9900€208,608€253,546€276,489€288,436€184,450€159,445▼ 13.6%
Operating profit (loss)9901-€45,859€12,543€7,574€4,406€2,646€43,176▲ 1,532%
Financial charges65/66B--€2,169€1,196€2,441€33▼ 98.7%
Recurring financial charges65€715€2,221€2,169€1,196€2,441€33▼ 98.7%
Profit (loss) for the period before taxes9903-€46,573€10,322€5,405€3,210€205€43,143▲ 20,957%
Income taxes67/77€599€623€3,558€4,696€3,215€14,000▲ 335%
Profit (loss) for the period9904-€47,172€9,699€1,848-€1,486-€3,010€29,143-
Profit (loss) for the period to be appropriated9905-€47,172€9,699€1,848-€1,486-€3,010€29,143-
Line201920212022202320242025Change
Assets
Total assets20/58€90,026€162,326€123,056€146,841€100,037€145,551▲ 45.5%
Fixed assets21/28€5,858€6,283€5,232€6,527€3,354€37,127▲ 1,007%
Intangible fixed assets21€2,926€0-----
Tangible fixed assets22/27€2,883€6,283€5,232€6,527€3,354€37,127▲ 1,007%
Plant, machinery and equipment23-----€36,152-
Furniture and vehicles24--€5,232€6,527€3,354€975▼ 70.9%
Financial fixed assets28€50€0-----
Current assets29/58€84,168€156,042€117,824€140,314€96,683€108,424▲ 12.1%
Amounts receivable within one year40/41€65,327€120,921€100,415€111,511€81,179€95,977▲ 18.2%
Trade receivables40--€93,973€111,497€81,179€91,009▲ 12.1%
Other amounts receivable41--€6,442€14€0€4,968-
Cash at bank and in hand54/58€11,705€30,537€13,017€25,615€15,356€4,568▼ 70.3%
Deferred charges and accrued income490/1--€4,392€3,188€148€7,879▲ 5,232%
Equity and liabilities
Total equity and liabilities10/49€90,026€162,326€123,056€146,841€100,037€145,551▲ 45.5%
Equity10/15-€47,761-€66,827-€64,980-€66,466-€69,477-€40,334▲ 41.9%
Contributions10/11€6,200-€6,200€6,200€6,200€6,200=
Reserves13€1,860€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1--€1,860€1,860€0--
Reserves not available under the articles1311--€1,860€1,860€0--
Distributable reserves133----€1,860€1,860=
Profit (loss) carried forward14-€55,821-€74,887-€73,040-€74,526-€77,537-€48,394▲ 37.6%
Provisions and deferred taxes16---€50,000€0--
Provisions for liabilities and charges160/5---€50,000€0--
Environmental obligations163---€50,000€0--
Amounts payable17/49€137,787€229,153€188,036€163,308€169,513€185,884▲ 9.7%
Amounts payable within one year42/48€137,787€229,153€188,036€162,354€167,471€183,398▲ 9.5%
Financial debts43--€0----
Credit institutions430/8--€0----
Trade debts44€50,281€32,784€15,537€63,871€111,593€144,075▲ 29.1%
Suppliers440/4--€15,537€63,871€111,593€144,075▲ 29.1%
Taxes, remuneration and social security45--€58,357€53,161€53,706€38,836▼ 27.7%
Taxes450/3--€16,085€22,206€25,650€15,422▼ 39.9%
Remuneration and social security454/9--€42,272€30,956€28,057€23,413▼ 16.5%
Other amounts payable47/48--€114,142€45,322€2,171€488▼ 77.5%
Accrued charges and deferred income492/3---€954€2,043€2,486▲ 21.7%
Line201920212022202320242025Change
Profit (loss) for the period9904-€47,172€9,699€1,848-€1,486-€3,010€29,143-
+ Depreciation and write-downs630€8,429€3,023€2,183€2,601€3,173€3,950▲ 24.5%
Operating cash flow (approximation)-€38,743€12,722€4,031€1,115€163€33,093▲ 20,236%
Investment in fixed assets (approximation)---€1,131-€3,897€0-€37,722-
Change in cash---€17,520€12,598-€10,259-€10,789▼ 5.2%

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 13 filings with the National Bank
Financial year Type Filed Reference
31-03-2025 full format 27-10-2025 2025-00551544
31-03-2024 full format 29-10-2024 2024-00517704
31-03-2023 full format 31-10-2023 2023-00499736
31-03-2022 full format 23-09-2022 2022-20434094
31-03-2021 full format 03-11-2021 2021-76700121
31-03-2020 full format 30-11-2020 2020-73900276
31-03-2019 full format 14-11-2019 2019-73700279
31-03-2018 full format 09-11-2018 2018-71900565
31-03-2017 full format 28-11-2017 2017-70700478
31-03-2016 full format 04-10-2016 2016-64800262

Show all 13 filings

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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 11,512 active companies whose main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121), figures are known for 6,713. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.