BAP Engineering
ActiveSummary
BAP Engineering has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €157k and a net result of €58k. Equity is growing by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 45% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability91▼-7
Solvency74▼-26
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 48.84 in 2024; short-term debt: 42.4% and cash: 35.6% of total assets), but 50.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
49.2%
Return on assets
18.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 31-10-2025, 92 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
92 d early
2024
43 d early
2023
27 d early
2022
40 d early
2021
41 d early
2020
10 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€157k▼ 28.3%
2024 · €219k
2019: €64klowest in 7 years
2020: €83k▲ +28.3% vs 2019
2021: €135k▲ +63.3% vs 2020
2022: €148k▲ +9.3% vs 2021
2023: €167k▲ +13.0% vs 2022
2024: €219k▲ +31.3% vs 2023highest in 7 years
2025: €157k▼ -28.3% vs 2024
2019 → 2025
Total assets
€319k▲ 41.9%
2024 · €225k
2019: €81klowest in 7 years
2020: €92k▲ +14.5% vs 2019
2021: €153k▲ +66.2% vs 2020
2022: €155k▲ +0.8% vs 2021
2023: €214k▲ +38.7% vs 2022
2024: €225k▲ +4.9% vs 2023
2025: €319k▲ +41.9% vs 2024highest in 7 years
2019 → 2025
Net result
€58k▲ 11.2%
2024 · €52k
2019: €34k
2020: €18k▼ -46.5% vs 2019lowest in 7 years
2021: €64k▲ +251% vs 2020highest in 7 years
2022: €60k▼ -7.0% vs 2021
2023: €59k▼ -0.6% vs 2022
2024: €52k▼ -11.8% vs 2023
2025: €58k▲ +11.2% vs 2024
2019 → 2025
Working capital
€94k▼ 48.8%
2024 · €184k
2019: €24klowest in 7 years
2020: €45k▲ +83.6% vs 2019
2021: €83k▲ +86.4% vs 2020
2022: €104k▲ +24.0% vs 2021
2023: €125k▲ +21.1% vs 2022
2024: €184k▲ +47.1% vs 2023highest in 7 years
2025: €94k▼ -48.8% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€135k-€148k▲ 9.3%€167k▲ 13.0%€219k▲ 31.3%€157k▼ 28.3%
2021: €135klowest in 5 years
2022: €148k▲ +9.3% vs 2021
2023: €167k▲ +13.0% vs 2022
2024: €219k▲ +31.3% vs 2023highest in 5 years
2025: €157k▼ -28.3% vs 2024
Operating result€81k-€75k▼ 7.3%€74k▼ 1.7%€64k▼ 14.1%€74k▲ 16.9%
2021: €81khighest in 5 years
2022: €75k▼ -7.3% vs 2021
2023: €74k▼ -1.7% vs 2022
2024: €64k▼ -14.1% vs 2023lowest in 5 years
2025: €74k▲ +16.9% vs 2024
Net result€64k-€60k▼ 7.0%€59k▼ 0.6%€52k▼ 11.8%€58k▲ 11.2%
2021: €64khighest in 5 years
2022: €60k▼ -7.0% vs 2021
2023: €59k▼ -0.6% vs 2022
2024: €52k▼ -11.8% vs 2023lowest in 5 years
2025: €58k▲ +11.2% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 17% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €319k
Fixed assets
€89k ▲ 143%
Current assets
€230k ▲ 22.2%
Equity and liabilities €319k
Equity
€157k ▼ 28.3%
Debt
€162k ▲ 2,609%
Debt's share of the balance-sheet total rises from 2.7% to 50.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€93k▲
2024 · €69k
Cash flow
€77k▲
2024 · €57k
Current ratio
1.70▼
2024 · 48.84
Debt to equity
1.03▲
2024 · 0.03
ROE
37.0%▲
2024 · 23.9%
ROA
18.2%▼
2024 · 23.2%
Interest coverage
42.26▼
2024 · 287.74
Debt ≤ 1 year
€135k▲
2024 · €4k
Debt > 1 year
€27k
Income taxes
€15k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€225k€319k▲
Fixed assets21/28€37k€89k▲
Tangible fixed assets22/27€8k€60k▲
Plant, machinery and equipment23€834-
Furniture and vehicles24€1k€57k▲
Other tangible fixed assets26€6k€4k▼
Financial fixed assets28€29k€29k=
Current assets29/58€188k€230k▲
Amounts receivable within one year40/41€124k€114k▼
Trade receivables40€115k€62k▼
Other amounts receivable41€9k€51k▲
Cash at bank and in hand54/58€64k€114k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€225k€319k▲
Equity10/15€219k€157k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€199k€137k▼
Amounts payable17/49€6k€162k▲
Amounts payable after more than one year17-€27k
Financial debts170/4-€27k
Amounts payable within one year42/48€4k€135k▲
Current portion of amounts payable after more than one year42-€12k
Trade debts44-€287
Suppliers440/4-€287
Taxes, remuneration and social security45€4k€21k▲
Taxes450/3€4k€21k▲
Other amounts payable47/48-€102k
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Non-recurring operating income76A-€14k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€19k▲
Other operating charges640/8€363€688▲
Gross operating margin9900€69k€94k▲
Operating profit (loss)9901€64k€74k▲
Financial income75/76B€4k€1k▼
Recurring financial income75€4k€1k▼
Financial charges65/66B€239€2k▲
Recurring financial charges65€239€2k▲
Profit (loss) for the period before taxes9903€67k€73k▲
Income taxes67/77€15k€15k▲
Profit (loss) for the period9904€52k€58k▲
Profit (loss) for the period to be appropriated9905€52k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€199k€257k▲
Profit (loss) brought forward from the previous period14P€146k€199k▲
Profit to be distributed694/7-€120k
Return on contributions (dividend)694-€120k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €14k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €14k | €5k | €5k | €19k | ▲ 266% |
| Other operating charges640/8 | - | €637 | €599 | €363 | €688 | ▲ 89.6% |
| Gross operating margin9900 | €95k | €90k | €80k | €69k | €94k | ▲ 35.7% |
| Operating profit (loss)9901 | €81k | €75k | €74k | €64k | €74k | ▲ 16.9% |
| Financial income75/76B | - | €1k | €2k | €4k | €1k | ▼ 69.3% |
| Recurring financial income75 | €1k | €1k | €2k | €4k | €1k | ▼ 69.3% |
| Financial charges65/66B | - | €132 | €171 | €239 | €2k | ▲ 822% |
| Recurring financial charges65 | €76 | €132 | €171 | €239 | €2k | ▲ 822% |
| Profit (loss) for the period before taxes9903 | €83k | €77k | €76k | €67k | €73k | ▲ 9.4% |
| Income taxes67/77 | €18k | €17k | €17k | €15k | €15k | ▲ 2.9% |
| Profit (loss) for the period9904 | €64k | €60k | €59k | €52k | €58k | ▲ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €64k | €60k | €59k | €52k | €58k | ▲ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €153k | €155k | €214k | €225k | €319k | ▲ 41.9% |
| Fixed assets21/28 | €56k | €44k | €41k | €37k | €89k | ▲ 143% |
| Tangible fixed assets22/27 | €27k | €15k | €12k | €8k | €60k | ▲ 695% |
| Plant, machinery and equipment23 | - | - | €2k | €834 | - | - |
| Furniture and vehicles24 | - | €5k | €3k | €1k | €57k | ▲ 4,596% |
| Other tangible fixed assets26 | - | €9k | €7k | €6k | €4k | ▼ 35.8% |
| Financial fixed assets28 | €29k | €29k | €29k | €29k | €29k | = |
| Current assets29/58 | €97k | €110k | €173k | €188k | €230k | ▲ 22.2% |
| Amounts receivable within one year40/41 | €71k | €57k | €81k | €124k | €114k | ▼ 8.6% |
| Trade receivables40 | - | €34k | €47k | €115k | €62k | ▼ 45.7% |
| Other amounts receivable41 | - | €23k | €34k | €9k | €51k | ▲ 463% |
| Cash at bank and in hand54/58 | €23k | €51k | €90k | €64k | €114k | ▲ 77.6% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | - | €3k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €153k | €155k | €214k | €225k | €319k | ▲ 41.9% |
| Equity10/15 | €135k | €148k | €167k | €219k | €157k | ▼ 28.3% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | - | - | - | - |
| Other1109/19 | - | €19k | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €115k | €127k | €146k | €199k | €137k | ▼ 31.2% |
| Amounts payable17/49 | €18k | €7k | €48k | €6k | €162k | ▲ 2,609% |
| Amounts payable after more than one year17 | - | - | - | - | €27k | - |
| Financial debts170/4 | - | - | - | - | €27k | - |
| Amounts payable within one year42/48 | €13k | €7k | €48k | €4k | €135k | ▲ 3,416% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €12k | - |
| Trade debts44 | €311 | €1k | €2k | - | €287 | - |
| Suppliers440/4 | - | €1k | €2k | - | €287 | - |
| Taxes, remuneration and social security45 | - | €6k | €11k | €4k | €21k | ▲ 452% |
| Taxes450/3 | - | €6k | €11k | €4k | €21k | ▲ 452% |
| Other amounts payable47/48 | - | - | €34k | - | €102k | - |
| Accrued charges and deferred income492/3 | - | €41 | - | €2k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €60k | €59k | €52k | €58k | ▲ 11.2% |
| + Depreciation and write-downs630 | €13k | €14k | €5k | €5k | €19k | ▲ 266% |
| Operating cash flow (approximation) | €77k | €73k | €64k | €57k | €77k | ▲ 33.8% |
| Investment in fixed assets (approximation) | - | €-2k | €-3k | €-457 | €-71k | ▼ 15,484% |
| Change in cash | - | €28k | €39k | €-26k | €50k | ▲ 294% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Liquidity times 13current ratio 48.84
Current ratio from 3.63 to 48.84; short-term debt falls from €48k to €4k.
30-06
Financial
Equity above €200kEq €219k ▲31.3%
6 profitable years in a row build equity to €219k.
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €150kEq €167k ▲13%
5 profitable years in a row build equity to €167k.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Liquidity doublescurrent ratio 15.81
Current ratio from 7.18 to 15.81; short-term debt falls from €13k to €7k.
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Highest result since 2019net €64k ▲251%
Operating result €81k, net result €64k, both a record.
30-06
Financial
Equity above €100kEq €135k ▲63.3%
3 profitable years in a row build equity to €135k.
21-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
30-06
Financial
Weakest financial yearnet €18k ▼46.5%
Net result drops to €18k, the lowest in the series; recovery starts the following year.
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
04-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Braine-le-Comte · 1 establishment unit since 2016
Ground area
1,844 m²
Building footprint
91 m²
Parcel 55302B0659/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
BAP Engineering
since 20162.247.859.093
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55302B0659/00F000 | Wallonia | 1,844 m² | 1 · 91 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBraine-le-Comte
Legal Entity Identifier
6994009L3N4URZEAS034
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,223 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
Founded20-11-2015
Fiscal year end30-06
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
Contact
E-mail
ppbarzin@gmail.comBraine-le-Comte
Phone
0496/78.99.59Braine-le-Comte
Scores and ratios are computed by Checked and are not a credit decision.