Equity
Equity rose in 2025 from €113,391 to €167,367.
Equity rose in 2025 from €113,391 to €167,367.
Green is investment, beige is depreciation.
The 2023 accounts came latest: 35 days after the end of the period.
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 51% of them on solvency, 13% on liquidity, 65% on profitability and 81% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 34,693 companies had the same profile as BA Engineering has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of BA Engineering itself: 0.3% within 12 months.
The method was tested on the 497,448 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 34,693 companies, not a prediction for BA 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.
Liquidity is ample, with a current ratio of 2.1 (2.39 in 2024), above the usual 1.5. Short-term debt is 44.1% and cash 2.2% of total assets. 46.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 9 days after 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.
| Company | ||||
|---|---|---|---|---|
| BA Engineering Hasselt | €311,130 | €72,138 | 53.8% | - |
| Goodson Thomas Hasselt | €265,538 | €73,104 | 84.1% | - |
| IPS Services Dilsen-Stokkem | €336,420 | €68,593 | 88.4% | - |
| BUILDING CIRCULAR Etterbeek | €291,769 | €71,754 | 88.1% | - |
| MANITECH Visé | €314,289 | €70,434 | 63.4% | - |
| Panel Engineering Lille | €328,610 | €81,809 | 76.5% | - |
| BETHOS ENGINEERING Wuustwezel | €347,444 | €79,202 | 15.9% | - |
These companies have the same main activity as BA Engineering: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €266,000 and €347,000, founded between 2014 and 2017.
BA Engineering files the micro format. That format states no turnover. The gross margin rose from €32,409 in 2016 to €72,138 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
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.
Turnover ≈ €150,000. Estimated: probably between €120,000 and €210,000.
Higher than 50% of 11,794 companies in 2025.
Higher than 50% of 11,521 companies in 2025.
Higher than 61% of 11,605 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
311,130 | 235,240 | 157,783 | 301,852 | 347,187 | 296,239 | 287,654 | 236,871 | 263,003 | 220,580 | |
20 |
- | - | - | - | 0 | 13 | 199 | 385 | 571 | 758 | |
21/28 |
22,763 | 399 | 1,241 | 202,448 | 211,182 | 185,601 | 189,895 | 198,404 | 201,128 | 208,455 | |
22/27 |
22,763 | 399 | 1,241 | 202,448 | 211,182 | 185,601 | 189,895 | 198,404 | 201,128 | 207,697 | |
22 |
- | - | - | 200,365 | 208,258 | 181,364 | 187,750 | 194,135 | 200,521 | 206,906 | |
24 |
0 | 399 | 1,241 | 2,083 | 2,925 | 4,237 | 2,145 | 4,269 | 607 | 791 | |
26 |
22,763 | - | - | - | - | - | - | - | - | - | |
29/58 |
288,367 | 234,841 | 156,542 | 99,404 | 136,004 | 110,625 | 97,559 | 38,081 | 61,304 | 12,125 | |
29 |
24,000 | 24,000 | 24,000 | 24,000 | 40,000 | 70,000 | - | - | - | - | |
291 |
24,000 | 24,000 | 24,000 | 24,000 | 40,000 | 70,000 | - | - | - | - | |
40/41 |
225,763 | 204,180 | 120,031 | 47,656 | 73,345 | 36,762 | 97,559 | 38,081 | 35,355 | 125 | |
40 |
122,986 | 68,731 | 32,805 | 23,039 | 59,345 | 26,612 | 27,574 | 5,415 | 17,936 | - | |
41 |
102,778 | 135,449 | 87,225 | 24,617 | 14,000 | 10,150 | 69,986 | 32,666 | 17,419 | 125 | |
54/58 |
6,952 | 2,249 | 9,240 | 4,100 | 2,430 | 2,857 | - | - | - | - | |
490/1 |
31,651 | 4,412 | 3,271 | 23,648 | 20,230 | 1,006 | - | - | 25,949 | 12,000 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
311,130 | 235,240 | 157,783 | 301,852 | 347,187 | 296,239 | 287,654 | 236,871 | 263,003 | 220,580 | |
10/15 |
167,367 | 113,391 | 63,389 | 34,214 | 72,521 | 72,496 | 41,157 | 37,100 | 18,187 | 8,346 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 0 | 12,400 | 12,400 | 12,400 | 6,200 | |
100 |
- | - | - | - | - | 0 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 0 | 6,200 | 6,200 | 6,200 | 12,400 | |
11 |
- | - | - | - | - | 12,400 | - | - | - | - | |
1100/10 |
- | - | - | - | - | 12,400 | - | - | - | - | |
13 |
154,967 | 100,991 | 50,989 | 21,814 | 60,121 | 60,096 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | - | - | 0 | 1,860 | - | - | - | - | |
130 |
- | - | - | - | - | 0 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | - | - | 0 | - | - | - | - | - | |
1319 |
- | - | - | - | - | 1,860 | - | - | - | - | |
133 |
154,967 | 100,991 | 50,989 | 21,814 | 60,121 | 58,236 | - | - | - | - | |
14 |
- | - | - | 0 | 0 | 0 | 26,897 | 22,840 | 3,927 | 286 | |
17/49 |
143,762 | 121,849 | 94,394 | 267,638 | 274,666 | 223,744 | 246,496 | 199,771 | 244,817 | 212,234 | |
17 |
6,522 | 23,031 | 25,096 | 137,132 | 115,740 | 133,888 | 148,011 | 157,114 | 168,332 | 179,292 | |
170/4 |
6,522 | 23,031 | 25,096 | 137,132 | 115,740 | 133,888 | 148,011 | 157,114 | 168,332 | 179,292 | |
42/48 |
137,240 | 98,075 | 69,298 | 130,506 | 158,926 | 85,275 | 98,485 | 40,557 | 76,484 | 32,942 | |
42 |
17,251 | 20,838 | 11,566 | 52,041 | 20,505 | 14,205 | 9,103 | 11,218 | 10,960 | 10,708 | |
43 |
5,500 | 0 | 3,836 | 19,582 | 26,860 | 6,689 | 14,243 | 9,103 | 7,281 | 14,894 | |
430/8 |
5,500 | 0 | 3,836 | 19,582 | 26,860 | 6,689 | 14,243 | 9,103 | 7,281 | 14,894 | |
44 |
60,309 | 28,951 | 29,466 | 30,624 | 46,308 | 3,336 | 9,338 | 8,236 | 7,583 | 359 | |
440/4 |
60,309 | 28,951 | 29,466 | 30,624 | 46,308 | 3,336 | 9,338 | 8,236 | 7,583 | 359 | |
46 |
- | - | - | - | - | 0 | 514 | 514 | 37,626 | 514 | |
45 |
54,179 | 48,286 | 24,429 | 28,259 | 29,495 | 21,045 | 25,286 | 11,485 | 13,034 | 6,467 | |
450/3 |
51,490 | 48,286 | 24,429 | 28,259 | 29,495 | 21,045 | 20,394 | 11,485 | 4,748 | 6,467 | |
454/9 |
2,689 | - | - | - | - | 0 | 4,893 | - | 8,286 | - | |
47/48 |
- | - | - | 0 | 35,758 | 40,000 | 40,000 | - | - | - | |
492/3 |
0 | 743 | - | - | 0 | 4,582 | - | 2,100 | - | - | |
| Income statement | |||||||||||
70 |
- | - | - | - | - | - | - | - | 95,768 | 49,785 | |
76A |
- | 0 | 77,133 | - | 0 | 3,014 | - | - | - | - | |
9900 |
72,138 | 75,213 | 45,268 | -6,634 | 75,824 | 95,789 | 59,764 | 66,377 | 48,736 | 32,409 | |
60/61 |
- | - | - | - | - | - | - | - | 47,032 | 17,376 | |
62 |
- | 0 | - | - | 0 | 48 | - | 21,193 | 28,187 | - | |
630 |
412 | 842 | 842 | 8,734 | 12,106 | 8,689 | 8,696 | 9,048 | 7,004 | 27,948 | |
631/4 |
- | - | - | 0 | 2,070 | - | - | - | - | - | |
640/8 |
106 | 983 | 7,591 | 15,358 | 12,033 | 12,801 | 1,800 | 785 | 1,373 | 62 | |
9901 |
71,620 | 73,388 | 36,835 | -30,726 | 49,615 | 74,251 | 49,269 | 35,351 | 12,172 | 4,399 | |
75/76B |
6,692 | 7,209 | 3,983 | - | 0 | 3,189 | 3,104 | 0 | 0 | - | |
75 |
6,692 | 7,209 | 3,983 | - | 0 | 3,189 | 3,104 | 0 | 0 | - | |
65/66B |
1,554 | 9,592 | 6,132 | 9,902 | 10,580 | 6,991 | 6,677 | 5,304 | 5,987 | 994 | |
65 |
1,554 | 9,592 | 6,132 | 9,902 | 10,580 | 6,991 | 6,677 | 5,304 | 5,987 | 994 | |
9903 |
76,759 | 71,006 | 34,686 | -40,628 | 39,035 | 70,448 | 45,696 | 30,047 | 6,186 | 3,405 | |
67/77 |
22,783 | 21,004 | 5,511 | -2,322 | 7,010 | 39,110 | 1,638 | 11,134 | 2,545 | 1,259 | |
9904 |
53,976 | 50,002 | 29,175 | -38,307 | 32,025 | 31,339 | 44,058 | 18,913 | 3,641 | 2,146 | |
9905 |
53,976 | 50,002 | 29,175 | -38,307 | 32,025 | 31,339 | 44,058 | 18,913 | 3,641 | 2,146 | |
| Appropriation of the result | |||||||||||
9906 |
53,976 | 50,002 | 29,175 | -38,307 | 32,025 | 58,236 | 66,897 | 22,840 | 3,927 | 2,146 | |
14P |
- | - | - | - | 0 | - | - | - | - | - | |
791/2 |
- | - | - | 38,307 | - | - | - | - | - | - | |
691/2 |
53,976 | 50,002 | 29,175 | 0 | 25 | 58,236 | - | - | - | 1,860 | |
691 |
- | - | - | - | - | - | - | 0 | - | - | |
6920 |
- | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
53,976 | 50,002 | 29,175 | 0 | 25 | 58,236 | - | - | - | - | |
694/7 |
- | - | - | 0 | 32,000 | 0 | 40,000 | - | - | - | |
695 |
- | - | - | 0 | 32,000 | 0 | 40,000 | - | - | - | |
| Social balance sheet | |||||||||||
9087 |
- | - | - | - | - | - | - | 0.8 | 0.4 | - | |
Hours worked1013 |
- | - | - | - | - | - | - | 1,216 | 676 | - | |
| Document | |||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 28-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00340353 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00195148 | |
| 31-12-2023 | micro format | 04-09-2024 | 2024-00445961 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00396838 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20410789 | |
| 30-06-2020 | micro format | 29-01-2021 | 2021-02800471 | |
| 30-06-2019 | abbreviated format | 30-01-2020 | 2020-03400169 | |
| 30-06-2018 | micro format | 29-01-2019 | 2019-04000456 | |
| 30-06-2017 | micro format | 31-01-2018 | 2018-04300571 | |
| 30-06-2016 | abbreviated format | 31-01-2017 | 2017-03900101 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 72,032 | 74,230 | 37,676 | -21,992 | 61,721 | 82,940 | 57,964 | 44,399 | 19,176 | 32,347 | ||
| 54,388 | 50,844 | 30,017 | -29,572 | 44,131 | 40,028 | 52,754 | 27,961 | 10,644 | 30,094 | ||
| 22,775 | 0 | -200,365 | 0 | 37,674 | 4,209 | 186 | 6,139 | 248 | 213,997 | ||
| 4,703 | -6,991 | 5,140 | 1,671 | -427 | - | - | - | - | - | ||
| 151,127 | 136,766 | 87,244 | -31,102 | -22,922 | 25,351 | -926 | -2,476 | -15,180 | -20,817 | ||
| - | - | - | - | - | - | - | - | 12.7% | 8.8% | ||
| 53.8% | 48.2% | 40.2% | 11.3% | 20.9% | 24.5% | 14.3% | 15.7% | 6.9% | 3.8% | ||
| 2.10 | 2.39 | 2.26 | 0.76 | 0.86 | 1.30 | 0.99 | 0.94 | 0.80 | 0.37 | ||
| 0.86 | 1.07 | 1.49 | 7.82 | 3.79 | 3.09 | 5.99 | 5.38 | 13.46 | 25.43 | ||
| 32.3% | 44.1% | 46.0% | -112.0% | 44.2% | 43.2% | 107.0% | 51.0% | 20.0% | 25.7% | ||
| 17.3% | 21.3% | 18.5% | -12.7% | 9.2% | 10.6% | 15.3% | 8.0% | 1.4% | 1.0% | ||
| 46.36 | 7.74 | 6.14 | -2.22 | 5.83 | - | - | - | - | - | ||
| - | - | - | - | - | - | - | - | 68 days | 1 day | ||
| - | - | - | - | - | - | - | - | 59 days | 8 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | - | €190,000 | - |
| Carrying value of the mortgaged assets | - | - | - | €200,365 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €22,775 | - | - | - | €37,674 |
| €412 | €842 | €842 | €8,734 | €12,106 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 2% lower than in 2024.
Debt's share of the balance-sheet total falls from 51.8% to 46.2%. Equity and debt are higher.
BA Engineering has no parent and no holdings in its annual accounts. BA Engineering shares no director with another company.
| Vereniging van Mede-eigenaars Residentie Dahlia te 3500 Hasselt, Plantenstraat 27 -Fase 3+4+5
registered office since 24-09-1996 |
founded in 1996 0820.098.376 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Plantenstraat 27 registered office 3500 Hasselt | 28-07-2015 | 2.244.241.092 |
| 24-03-2022 | Granted | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 24-12-2021 · project 2021196885 | Hasselt |
| 12-08-2021 | Refused | Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 18-03-2021 · project 2021049245 | Hasselt |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71327G0617/00M005 | 654 m² | 1 · 576 m² | 16.1 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0634.679.116
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