B&D ENGINEERING
ActiveSummary
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 has been stable since 2019 (±1.3% per year). Its solvency ranks better than 8% of 892 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-03-2012 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121
- Joint committee
- 209 Paritair Comité voor de bedienden der metaalfabrikatennijverheid · annual accounts 31-03-2025
- Establishment unit
- 2.208.062.270 4040 Herstal, since 01-04-2012
- Financial year end
- 31 March
- Peppol
- Reachable since 03-10-2025
Board and ownership
- JM BOUCHA INVESTDirector · since 01-03-2016 · permanent representative BOUCHA Jean-Michel
- JM BOUCHA INVEST100%2025 annual accounts of JM BOUCHA INVEST
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.6%
- Gross margin
- €159,445
- ▼ 13.6%
- Turnover
- ≈ €320,000
- estimated
- Profit
- €29,143
- Equity
- -€40,334
- ▲ 41.9%
- Total assets
- €145,551
- ▲ 45.5%
- Employees on 31-03-2025
- 2
- =
- Negative equity on 31-03-2025
- 2026 accounts not filed, 4 days past the deadline
Score breakdownraises riskCapped at 59: negative equityNegative equity -€40,334Figures for financial year 2025 (filed on 29-10-2025)lowers riskSize: total assets €145,551Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 3% of them on solvency, 3% on liquidity, 69% on profitability and 79% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 2 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 27-10-2025 PDF all 13 filings
Every figure per financial year
The operating result for 2025 is over 16 times that of 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 3 | 2 | 2 |
| full-time | 4 | 3 | 2 | 2 |
| part-time | 0 | 0 | 0 | 0 |
| in full-time equivalents | 4 | 3 | 2 | 2 |
| Average over the year, in full-time equivalents | 4.3 | 3.3 | 2.6 | 1.5 |
| On a permanent contract | 4 | 3 | 2 | 2 |
| Joined | 1 | 0 | 0 | 1 |
| Left | 1 | 1 | 1 | 1 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,131 | €3,897 | - | €37,722 |
| Depreciation and write-downs of the year | €2,183 | €2,601 | €3,173 | €3,950 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| 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 | ▲ 16× |
| 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 | ▲ 211× |
| 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 | - |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| 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 | ▲ 11× |
| Intangible fixed assets21 | €2,926 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €2,883 | €6,283 | €5,232 | €6,527 | €3,354 | €37,127 | ▲ 11× |
| 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 | ▲ 53× |
| 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% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| 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 | ▲ 203× |
| 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% |
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, 3,632 companies had the same profile as B&D ENGINEERING has now. Two years later, 91.8% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of B&D ENGINEERING itself: 0.6% within 12 months.
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 3,632 companies, not a prediction for B&D 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.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 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 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Shareholders
1 ownerChain of control
- JM BOUCHA INVEST
- B&D ENGINEERING
Owners 1
- JM BOUCHA INVESTparentEquity €2.3m Profit of €164,936 in 2025 (profit of €281,015 in 2024)100%
Capital transactions
- 02-01-2024 Converted to unavailable equity
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Portée aux frais généraux indépendamment frais représentation,voyages,déplacements, assemblée générale décide si mandat exercé gratuitement”
Articles of association, deed of 02-01-2024 (in French)
Network & group
Companies at the same address
3 other companiesConnections & network
1 current directorThe network starts from the directors of B&D ENGINEERING. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
02-01
Gazette deed
Reappointment: JM BOUCHA INVEST (director)Director discharge · Registered office clause · Power of attorney12 points ▸
- Director reappointment, JM BOUCHA INVEST
- Other provision, “représentation-acceptation, JM BOUCHA INVEST” (deed in French)
- Director discharge, JM BOUCHA INVEST
- Registered office clause, “4041 Herstal,rue Bon Espoir 16” (deed in French)
- Power of attorney
- General meeting, “résolutions qui précèdent, adoptées à l’unanimité des voix” (deed in French)
- General meeting, 21-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “formes et majorités modification des statuts, suppression compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible, Néant” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
15 activities
- L’engineering
- La consultante dans l’industrie
- La consultante énergétique pour le particulier et l’industrie
- Les travaux d’étude en mécanique générale,fine mécanique,charpente,tuyauterie,hydraulique et génie civil
- Le béton armé
- L’informatique
- Les notes de calcul et dimensionnement
- Le chauffage,la ventilation et la climatisation(«HVAC»)
- La gestion de chantier
- La gestion de projet
- L’achat et la vente de matériel industriel
- L’achat et la vente de matériel aéronautique
- Le montage industriel
- La représentation pour des sociétés
- La coordination de sécurité sur chantier
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62071B0791/00N003 | Wallonia | 1,992 m² | 1 · 642 m² | 5.4 m · 2 |
| 62312A0453/00X002 | Wallonia | 1,813 m² | 1 · 351 m² | 4.9 m · 1 |