BM Engineering
ActiveSummary
BM Engineering has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €90,096 and a net result of €305,139. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 11% of 731 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+7
Solvency28=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 1.1 in 2024; short-term debt: 84.2% and cash: 20.6% of total assets), and 96.8% of the assets are financed with debt.
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Signals
Seven 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 · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
3.2%
Return on assets
10.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 731 sector peers (2025).
NBB · sector comparisonPosition among 731 sector peers
Solvency
better than 11%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €90,096
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 d late
2024
24 d early
2023
6 d early
2022
47 d early
2021
41 d early
2020
30 d early
2019
32 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 22 days before 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€305,139▲ 135%
2024 · €129,871
Working capital
€224,398▲ 2.4%
2024 · €219,161
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€458,326▲ 241%€434,404▼ 5.2%€446,464▲ 2.8%€186,973▼ 58.1%€364,023▲ 94.7%
Net result€425,127▲ 347%€395,160▼ 7.0%€391,578▼ 0.9%€129,871▼ 66.8%€305,139▲ 135%
Equity€69,353▼ 13.9%€69,291▼ 0.1%€70,241▲ 1.4%€74,308▲ 5.8%€90,096▲ 21.2%
Total assets€2.0m▲ 22.4%€2.2m▲ 7.9%€2.7m▲ 20.4%€2.6m▼ 2.1%€2.8m▲ 9.0%
Debt€1.9m▲ 24.8%€2.0m▲ 9.8%€2.4m▲ 19.7%€2.3m▼ 7.0%€2.5m▲ 10.0%
Working capital€129,970▼ 3.7%€115,899▼ 10.8%€171,540▲ 48.0%€219,161▲ 27.8%€224,398▲ 2.4%
Staff (FTE)32.5▼ 8.5%32.8▲ 0.9%33.2▲ 1.2%32.5▼ 2.1%25.2▼ 22.5%
Why a figure moved sharply
- 2025 Net result +135% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
- 2024 Net result -67% on 2023. Cause not known from the registers.
- 2021 Net result +347% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 95% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€221,922 ▼ 13.9%
Current assets
€2.6m ▲ 11.5%
Equity and liabilities €2.8m
Equity
€90,096 ▲ 21.2%
Provisions
€244,622 ▼ 3.6%
Debt
€2.5m ▲ 10.0%
Debt's share of the balance-sheet total rises from 87.4% to 88.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€399,211▲
2024 · €206,280
Cash flow
€340,327▲
2024 · €149,177
Current ratio
1.09▼
2024 · 1.10
Debt to equity
27.67▼
2024 · 30.51
ROE
338.7%▲
2024 · 174.8%
ROA
10.8%▲
2024 · 5.0%
Interest coverage
12.95▲
2024 · 7.79
Debt ≤ 1 year
€2.4m▲
2024 · €2.1m
Debt > 1 year
€111,232▼
2024 · €148,889
Income taxes
€28,049▼
2024 · €30,613
Staff costs
€1.8m▼
2024 · €2.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 496 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.2%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 496 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €14,492 | €16,290 | €14,992 | €11,500 | €29,791 | ▲ 159% |
| Remuneration, social security and pensions62 | €1.9m | €2.1m | €2.3m | €2.4m | €1.8m | ▼ 24.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,211 | €20,788 | €20,710 | €19,307 | €35,188 | ▲ 82.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €32,725 | -€32,725 | €0 | ▲ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €16,766 | -€19,788 | €47,883 | €109,969 | -€9,057 | ▼ 108% |
| Other operating charges640/8 | €19,482 | €11,819 | €10,683 | €2,934 | €34,545 | ▲ 1,077% |
| Non-recurring operating charges66A | €535 | - | - | €9,764 | €2,220 | ▼ 77.3% |
| Gross operating margin9900 | €2.5m | €2.6m | €2.9m | €2.7m | €2.2m | ▼ 16.6% |
| Operating profit (loss)9901 | €458,326 | €434,404 | €446,464 | €186,973 | €364,023 | ▲ 94.7% |
| Financial income75/76B | €2 | - | - | - | - | - |
| Recurring financial income75 | €2 | - | - | - | - | - |
| Financial charges65/66B | €7,153 | €5,961 | €15,940 | €26,490 | €30,836 | ▲ 16.4% |
| Recurring financial charges65 | €7,153 | €5,961 | €15,940 | €26,490 | €30,836 | ▲ 16.4% |
| Profit (loss) for the period before taxes9903 | €451,176 | €428,444 | €430,524 | €160,483 | €333,187 | ▲ 108% |
| Income taxes67/77 | €26,049 | €33,284 | €38,946 | €30,613 | €28,049 | ▼ 8.4% |
| Profit (loss) for the period9904 | €425,127 | €395,160 | €391,578 | €129,871 | €305,139 | ▲ 135% |
| Transfer from tax-exempt reserves789 | €328 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €425,456 | €395,160 | €391,578 | €129,871 | €305,139 | ▲ 135% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.0m | €2.2m | €2.7m | €2.6m | €2.8m | ▲ 9.0% |
| Fixed assets21/28 | €55,356 | €49,304 | €44,979 | €257,802 | €221,922 | ▼ 13.9% |
| Intangible fixed assets21 | - | - | - | €147,413 | €137,413 | ▼ 6.8% |
| Tangible fixed assets22/27 | €55,356 | €49,304 | €44,979 | €110,389 | €81,659 | ▼ 26.0% |
| Furniture and vehicles24 | €55,356 | €49,304 | €44,979 | €110,389 | €81,659 | ▼ 26.0% |
| Financial fixed assets28 | - | - | - | - | €2,850 | - |
| Current assets29/58 | €2.0m | €2.2m | €2.6m | €2.3m | €2.6m | ▲ 11.5% |
| Amounts receivable within one year40/41 | €1.5m | €1.6m | €1.8m | €1.8m | €2.0m | ▲ 11.8% |
| Trade receivables40 | €1.4m | €1.5m | €1.6m | €1.8m | €2.0m | ▲ 12.4% |
| Other amounts receivable41 | €89,370 | €91,365 | €170,308 | €21,228 | €13,477 | ▼ 36.5% |
| Cash at bank and in hand54/58 | €471,104 | €558,223 | €827,013 | €494,857 | €583,430 | ▲ 17.9% |
| Deferred charges and accrued income490/1 | €11,051 | €11,363 | €19,191 | €43,264 | €11,081 | ▼ 74.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.0m | €2.2m | €2.7m | €2.6m | €2.8m | ▲ 9.0% |
| Equity10/15 | €69,353 | €69,291 | €70,241 | €74,308 | €90,096 | ▲ 21.2% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Profit (loss) carried forward14 | €1,703 | €1,641 | €2,591 | €6,658 | €22,446 | ▲ 237% |
| Provisions and deferred taxes16 | €115,616 | €95,827 | €143,710 | €253,679 | €244,622 | ▼ 3.6% |
| Provisions for liabilities and charges160/5 | €115,616 | €95,827 | €143,710 | €253,679 | €244,622 | ▼ 3.6% |
| Other liabilities and charges164/5 | €115,616 | €95,827 | €143,710 | €253,679 | €244,622 | ▼ 3.6% |
| Amounts payable17/49 | €1.9m | €2.0m | €2.4m | €2.3m | €2.5m | ▲ 10.0% |
| Amounts payable after more than one year17 | - | - | - | €148,889 | €111,232 | ▼ 25.3% |
| Financial debts170/4 | - | - | - | €148,889 | €111,232 | ▼ 25.3% |
| Amounts payable within one year42/48 | €1.9m | €2.0m | €2.4m | €2.1m | €2.4m | ▲ 12.4% |
| Current portion of amounts payable after more than one year42 | €123,614 | - | - | €36,431 | €37,657 | ▲ 3.4% |
| Financial debts43 | - | - | €368,078 | €190,538 | €150,263 | ▼ 21.1% |
| Credit institutions430/8 | - | - | €368,078 | €190,538 | €150,263 | ▼ 21.1% |
| Trade debts44 | €568,355 | €879,968 | €1.2m | €1.2m | €990,573 | ▼ 18.6% |
| Suppliers440/4 | €568,355 | €879,968 | €1.2m | €1.2m | €990,573 | ▼ 18.6% |
| Taxes, remuneration and social security45 | €339,783 | €360,793 | €459,875 | €448,141 | €309,284 | ▼ 31.0% |
| Taxes450/3 | €64,283 | €56,267 | €127,233 | €107,097 | €54,498 | ▼ 49.1% |
| Remuneration and social security454/9 | €275,500 | €304,526 | €332,643 | €341,044 | €254,786 | ▼ 25.3% |
| Other amounts payable47/48 | €822,500 | €795,222 | €390,628 | €225,804 | €893,913 | ▲ 296% |
| Accrued charges and deferred income492/3 | €357 | €85 | €2,568 | €88 | €370 | ▲ 322% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €425,127 | €395,160 | €391,578 | €129,871 | €305,139 | ▲ 135% |
| + Depreciation and write-downs630 | €36,211 | €20,788 | €20,710 | €19,307 | €35,188 | ▲ 82.3% |
| Operating cash flow (approximation) | €461,338 | €415,948 | €412,288 | €149,177 | €340,327 | ▲ 128% |
| Investment in fixed assets (approximation) | - | -€14,736 | -€16,386 | -€232,129 | €692 | ▲ 100% |
| Change in cash | - | €87,119 | €268,790 | -€332,156 | €88,574 | ▲ 127% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 25 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €436,107 ▲1,065%
Operating result €473,681, net result €436,107, both a record.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 22 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Kortrijk · 1 establishment unit since 1998
Ground area
3,971 m²
Building footprint
885 m²
Parcel 34354D0454/00C000, Flanders. Linked by address, not a title deed.
1 establishment unit
BM Engineering
since 19982.088.153.939
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0454/00C000 | Flanders | 3,970 m² | 1 · 884 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.
Structure & network
Owners and holdings
1 ownerChain of control
- BM ENGINEERING GROUP
- BM Engineering
Highest known parent: BM ENGINEERING GROUP. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 24,189 EUR awarded · 19,714 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,911 EUR | 1,911 EUR |
| 2024 | 2 | 14,377 EUR | 9,971 EUR |
| 2023 | 2 | 3,187 EUR | 3,118 EUR |
| 2022 | 2 | 4,714 EUR | 4,714 EUR |
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,215 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0463788474
Also
9925:BE0463788474
Registered
24-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.