BA Engineering
ActiveSummary
BA Engineering has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167,367 and a net result of €53,976. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 49% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-5
Solvency79▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity ample (current ratio 2.1 against 2.39 in 2024; short-term debt: 44.1% and cash: 2.2% of total assets), and 46.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
53.8%
Return on assets
17.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
31 d early
2023
35 d late
2022
31 d late
2021
31 d late
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€167,367▲ 47.6%
2024 · €113,391
Total assets
€311,130▲ 32.3%
2024 · €235,240
Net result
€53,976▲ 7.9%
2024 · €50,002
Working capital
€151,127▲ 10.5%
2024 · €136,766
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
Line20212022202320242025
Operating result€49,615▼ 33.2%-€30,726€36,835€73,388▲ 99.2%€71,620▼ 2.4%
Net result€32,025▲ 2.2%-€38,307€29,175€50,002▲ 71.4%€53,976▲ 7.9%
Equity€72,521=€34,214▼ 52.8%€63,389▲ 85.3%€113,391▲ 78.9%€167,367▲ 47.6%
Total assets€347,187▲ 17.2%€301,852▼ 13.1%€157,783▼ 47.7%€235,240▲ 49.1%€311,130▲ 32.3%
Debt€274,666▲ 22.8%€267,638▼ 2.6%€94,394▼ 64.7%€121,849▲ 29.1%€143,762▲ 18.0%
Working capital-€22,922-€31,102▼ 35.7%€87,244€136,766▲ 56.8%€151,127▲ 10.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €311,130
Fixed assets
€22,763 ▲ 5,601%
Current assets
€288,367 ▲ 22.8%
Equity and liabilities €311,130
Equity
€167,367 ▲ 47.6%
Debt
€143,762 ▲ 18.0%
Debt's share of the balance-sheet total falls from 51.8% to 46.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€72,032▼
2024 · €74,230
Cash flow
€54,388▲
2024 · €50,844
Current ratio
2.10▼
2024 · 2.39
Debt to equity
0.86▼
2024 · 1.07
ROE
32.3%▼
2024 · 44.1%
ROA
17.3%▼
2024 · 21.3%
Interest coverage
46.36▲
2024 · 7.74
Debt ≤ 1 year
€137,240▲
2024 · €98,075
Debt > 1 year
€6,522▼
2024 · €23,031
Income taxes
€22,783▲
2024 · €21,004
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €77,133 | €0 | - | - |
| Remuneration, social security and pensions62 | €0 | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,106 | €8,734 | €842 | €842 | €412 | ▼ 51.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €2,070 | €0 | - | - | - | - |
| Other operating charges640/8 | €12,033 | €15,358 | €7,591 | €983 | €106 | ▼ 89.2% |
| Gross operating margin9900 | €75,824 | -€6,634 | €45,268 | €75,213 | €72,138 | ▼ 4.1% |
| Operating profit (loss)9901 | €49,615 | -€30,726 | €36,835 | €73,388 | €71,620 | ▼ 2.4% |
| Financial income75/76B | €0 | - | €3,983 | €7,209 | €6,692 | ▼ 7.2% |
| Recurring financial income75 | €0 | - | €3,983 | €7,209 | €6,692 | ▼ 7.2% |
| Financial charges65/66B | €10,580 | €9,902 | €6,132 | €9,592 | €1,554 | ▼ 83.8% |
| Recurring financial charges65 | €10,580 | €9,902 | €6,132 | €9,592 | €1,554 | ▼ 83.8% |
| Profit (loss) for the period before taxes9903 | €39,035 | -€40,628 | €34,686 | €71,006 | €76,759 | ▲ 8.1% |
| Income taxes67/77 | €7,010 | -€2,322 | €5,511 | €21,004 | €22,783 | ▲ 8.5% |
| Profit (loss) for the period9904 | €32,025 | -€38,307 | €29,175 | €50,002 | €53,976 | ▲ 7.9% |
| Profit (loss) for the period to be appropriated9905 | €32,025 | -€38,307 | €29,175 | €50,002 | €53,976 | ▲ 7.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €347,187 | €301,852 | €157,783 | €235,240 | €311,130 | ▲ 32.3% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €211,182 | €202,448 | €1,241 | €399 | €22,763 | ▲ 5,601% |
| Tangible fixed assets22/27 | €211,182 | €202,448 | €1,241 | €399 | €22,763 | ▲ 5,601% |
| Land and buildings22 | €208,258 | €200,365 | - | - | - | - |
| Furniture and vehicles24 | €2,925 | €2,083 | €1,241 | €399 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | - | - | €22,763 | - |
| Current assets29/58 | €136,004 | €99,404 | €156,542 | €234,841 | €288,367 | ▲ 22.8% |
| Amounts receivable after more than one year29 | €40,000 | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Other amounts receivable291 | €40,000 | €24,000 | €24,000 | €24,000 | €24,000 | = |
| Amounts receivable within one year40/41 | €73,345 | €47,656 | €120,031 | €204,180 | €225,763 | ▲ 10.6% |
| Trade receivables40 | €59,345 | €23,039 | €32,805 | €68,731 | €122,986 | ▲ 78.9% |
| Other amounts receivable41 | €14,000 | €24,617 | €87,225 | €135,449 | €102,778 | ▼ 24.1% |
| Cash at bank and in hand54/58 | €2,430 | €4,100 | €9,240 | €2,249 | €6,952 | ▲ 209% |
| Deferred charges and accrued income490/1 | €20,230 | €23,648 | €3,271 | €4,412 | €31,651 | ▲ 617% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €347,187 | €301,852 | €157,783 | €235,240 | €311,130 | ▲ 32.3% |
| Equity10/15 | €72,521 | €34,214 | €63,389 | €113,391 | €167,367 | ▲ 47.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €60,121 | €21,814 | €50,989 | €100,991 | €154,967 | ▲ 53.4% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €60,121 | €21,814 | €50,989 | €100,991 | €154,967 | ▲ 53.4% |
| Profit (loss) carried forward14 | €0 | €0 | - | - | - | - |
| Amounts payable17/49 | €274,666 | €267,638 | €94,394 | €121,849 | €143,762 | ▲ 18.0% |
| Amounts payable after more than one year17 | €115,740 | €137,132 | €25,096 | €23,031 | €6,522 | ▼ 71.7% |
| Financial debts170/4 | €115,740 | €137,132 | €25,096 | €23,031 | €6,522 | ▼ 71.7% |
| Amounts payable within one year42/48 | €158,926 | €130,506 | €69,298 | €98,075 | €137,240 | ▲ 39.9% |
| Current portion of amounts payable after more than one year42 | €20,505 | €52,041 | €11,566 | €20,838 | €17,251 | ▼ 17.2% |
| Financial debts43 | €26,860 | €19,582 | €3,836 | €0 | €5,500 | - |
| Credit institutions430/8 | €26,860 | €19,582 | €3,836 | €0 | €5,500 | - |
| Trade debts44 | €46,308 | €30,624 | €29,466 | €28,951 | €60,309 | ▲ 108% |
| Suppliers440/4 | €46,308 | €30,624 | €29,466 | €28,951 | €60,309 | ▲ 108% |
| Taxes, remuneration and social security45 | €29,495 | €28,259 | €24,429 | €48,286 | €54,179 | ▲ 12.2% |
| Taxes450/3 | €29,495 | €28,259 | €24,429 | €48,286 | €51,490 | ▲ 6.6% |
| Remuneration and social security454/9 | - | - | - | - | €2,689 | - |
| Other amounts payable47/48 | €35,758 | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | €0 | - | - | €743 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,025 | -€38,307 | €29,175 | €50,002 | €53,976 | ▲ 7.9% |
| + Depreciation and write-downs630 | €12,106 | €8,734 | €842 | €842 | €412 | ▼ 51.1% |
| Operating cash flow (approximation) | €44,131 | -€29,572 | €30,017 | €50,844 | €54,388 | ▲ 7.0% |
| Investment in fixed assets (approximation) | - | €0 | €200,365 | €0 | -€22,775 | - |
| Change in cash | - | €1,671 | €5,140 | -€6,991 | €4,703 | ▲ 167% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €53,976 ▲7.9%
Net result €53,976, the highest in the series.
31-12
Financial
Equity above €150,000Eq €167,367 ▲47.6%
3 profitable years in a row build equity to €167,367.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €100,000Eq €113,391 ▲78.9%
2 profitable years in a row build equity to €113,391.
04-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 35 days late
2023
31-12
Financial
Back to profitnet €29,175
Net result €29,175 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.26
Current ratio from 0.76 to 2.26; short-term debt falls from €130,506 to €69,298.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€38,307
Net result drops to -€38,307, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Hasselt · 1 establishment unit since 2015
Ground area
654 m²
Building footprint
576 m²
Volume, LiDAR
6,948 m³
Parcel 71327G0617/00M005, Flanders · tallest building 16.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BA Engineering
since 20152.244.241.092
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0617/00M005 | Flanders | 654 m² | 1 · 576 m² | 16.1 m · 4 fl. |
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. 5,222 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
Founded28-07-2015
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
43211General electrical installation work
43212Electrical installation work in industrial facilities
71111Activities of building architects
71113Urban planning and landscape architecture
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.