Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €64,070 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 116.6% higher than in 2024.
The 2020 accounts came 31 days late. The other five were filed on time.
Less equity than 90% of companies in architecture and engineering. Sector median €63,879 · 11,799 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 5 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 8% of them on solvency, 3% on liquidity, 61% on profitability and 89% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 2,180 companies had the same profile as Boeykens Engineering Development has now. Each dot stands for 6 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Boeykens Engineering Development itself is lower: 0.5% within 12 months. It rests on far more data about Boeykens Engineering Development than the profile alone.
The method was tested on the 497,447 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 2,180 companies, not a prediction for Boeykens Engineering Development. 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 insufficient, with a current ratio of 0.38 (0.31 in 2024), below 1. Short-term debt is 101.8% and cash 3.4% of total assets. Equity is negative.
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 6 accounts on average 30 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.
| Company | ||||
|---|---|---|---|---|
| Boeykens Engineering Development Gavere | €62,920 | €15,584 | -2.1% | - |
| RPC&S Erpe-Mere | €50,242 | €15,966 | 43.3% | - |
| BVS ENGINEERING Herentals | €67,729 | €17,310 | 18.6% | - |
| FRAME-DESK Hasselt | €62,577 | €16,628 | 42.8% | - |
| NDB Management & Engineering Lokeren | €81,586 | €16,423 | -5.9% | - |
| Menschaert Jochem Evergem | €47,436 | €12,837 | 48.5% | - |
| Bart Bot Archeologie Ghent | €86,566 | €21,608 | 82.7% | - |
These companies have the same main activity as Boeykens Engineering Development: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €47,400 and €86,600, founded between 2019 and 2021.
Boeykens Engineering Development files the micro format. That format states no turnover. The gross margin fell from €47,051 in 2020 to €15,584 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €70,000. Estimated: probably between €49,000 and €130,000.
Higher than 9% of 11,794 companies in 2025.
Higher than 6% of 11,521 companies in 2025.
Higher than 57% of 11,605 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
62,920 | 27,026 | 42,910 | 71,905 | 60,807 | 76,108 | |
21/28 |
38,532 | 18,509 | 9,034 | 1,002 | 7,324 | 12,414 | |
22/27 |
38,532 | 18,509 | 9,034 | 1,002 | 6,824 | 11,674 | |
22 |
37,918 | 17,506 | 8,744 | - | - | - | |
23 |
614 | 1,003 | 290 | 706 | 839 | - | |
24 |
0 | 0 | 0 | 296 | 5,985 | 11,674 | |
28 |
- | - | - | - | 500 | 740 | |
29/58 |
24,389 | 8,516 | 33,876 | 70,902 | 53,482 | 63,695 | |
40/41 |
20,942 | 1,902 | 15,453 | 1,015 | 4,077 | 28,982 | |
40 |
19,040 | - | 7,260 | - | 573 | 28,982 | |
41 |
1,902 | 1,902 | 8,193 | 1,015 | 3,504 | - | |
54/58 |
2,131 | 5,580 | 17,502 | 68,931 | 49,406 | 33,684 | |
490/1 |
1,315 | 1,035 | 921 | 956 | - | 1,029 | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
62,920 | 27,026 | 42,910 | 71,905 | 60,807 | 76,108 | |
10/15 |
-1,299 | -10,989 | 7,110 | 59,040 | 44,853 | 34,144 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
13 |
56,040 | 56,040 | 56,040 | 56,040 | 41,853 | 31,144 | |
133 |
56,040 | 56,040 | 56,040 | 56,040 | 41,853 | 31,144 | |
14 |
-60,339 | -70,029 | -51,931 | - | - | - | |
17/49 |
64,220 | 38,015 | 35,801 | 12,864 | 15,953 | 41,964 | |
17 |
- | 10,284 | 22,042 | - | 530 | 6,849 | |
170/4 |
- | 10,284 | 22,042 | - | 530 | 6,849 | |
42/48 |
64,070 | 27,731 | 13,759 | 12,864 | 15,423 | 35,115 | |
42 |
10,284 | 11,759 | 11,155 | 530 | 6,320 | 6,249 | |
44 |
15,652 | 1,600 | 1,335 | 988 | 804 | 21,664 | |
440/4 |
15,652 | 1,600 | 1,335 | 988 | 804 | 21,664 | |
45 |
5,655 | 4,360 | 1,250 | 11,257 | 8,299 | 7,106 | |
450/3 |
5,655 | 4,360 | 1,250 | 11,257 | 8,299 | 7,106 | |
47/48 |
32,479 | 10,012 | 18 | 90 | - | 96 | |
492/3 |
150 | - | - | - | - | - | |
| Income statement | |||||||
9900 |
15,584 | -13,230 | -48,846 | 28,251 | 22,799 | 47,051 | |
630 |
3,428 | 1,767 | 1,210 | 6,086 | 5,941 | 5,393 | |
640/8 |
1,140 | 1,193 | 1,093 | 775 | 430 | 1,070 | |
9901 |
11,017 | -16,189 | -51,150 | 21,390 | 16,428 | 40,588 | |
75/76B |
0 | 0 | 0 | - | 3 | 50 | |
75 |
0 | 0 | 0 | - | 3 | 50 | |
65/66B |
1,163 | 1,752 | 615 | 183 | 244 | 167 | |
65 |
1,163 | 1,752 | 615 | 183 | 244 | 167 | |
9903 |
9,854 | -17,941 | -51,764 | 21,207 | 16,187 | 40,472 | |
67/77 |
164 | 157 | 166 | 7,020 | 5,478 | 9,327 | |
9904 |
9,690 | -18,099 | -51,931 | 14,187 | 10,709 | 31,144 | |
9905 |
9,690 | -18,099 | -51,931 | 14,187 | 10,709 | 31,144 | |
| Appropriation of the result | |||||||
9906 |
-60,339 | -70,029 | -51,931 | 14,187 | 10,709 | 31,144 | |
14P |
-70,029 | -51,931 | - | - | - | - | |
691/2 |
- | - | - | 14,187 | 10,709 | 31,144 | |
6921 |
- | - | - | 14,187 | 10,709 | 31,144 | |
| Document | |||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-06-2026 | 2026-00148164 | |
| 31-12-2024 | micro format | 06-06-2025 | 2025-00129012 | |
| 31-12-2023 | micro format | 05-07-2024 | 2024-00220929 | |
| 31-12-2022 | micro format | 08-06-2023 | 2023-00120795 | |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20159613 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62200433 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| 14,445 | -14,422 | -49,939 | 27,476 | 22,369 | 45,981 | ||
| 13,118 | -16,332 | -50,721 | 20,273 | 16,650 | 36,537 | ||
| 23,450 | 11,242 | 9,242 | 264 | 1,091 | 17,806 | ||
| -3,449 | -11,923 | -51,429 | 19,525 | 15,722 | - | ||
| -39,681 | -19,215 | 20,118 | 58,038 | 38,059 | 28,580 | ||
| -2.1% | -40.7% | 16.6% | 82.1% | 73.8% | 44.9% | ||
| 0.38 | 0.31 | 2.46 | 5.51 | 3.47 | 1.81 | ||
| - | - | 5.04 | 0.22 | 0.36 | 1.23 | ||
| - | - | -730.4% | 24.0% | 23.9% | 91.2% | ||
| 15.4% | -67.0% | -121.0% | 19.7% | 17.6% | 40.9% | ||
| 12.42 | -8.23 | -81.24 | over 100 | 91.54 | - |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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 |
|---|---|---|---|---|---|
| Tangible fixed assets | €23,450 | €11,242 | €9,242 | €264 | €1,091 |
| €3,428 | €1,767 | €1,210 | €6,086 | €5,941 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a profit of €11,017, after a loss of €16,189 in 2024. It is the highest result since 2022.
Equity is negative. Debt (€64,220) exceeds the balance-sheet total (€62,920).
Boeykens Engineering Development has no parent and no holdings in its annual accounts. BOEYKENS Glenn Raymond Paula is the only director.
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
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
Boeykens Engineering Development was incorporated on 8 January 2020 as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office was moved to Dikkelvenne in 2021.3 Since 2020, BOEYKENS Glenn Raymond Paula has served as director.4 Total assets fell from €76,108 in 2020 to €62,920 in 2025.5
| Establishment | Since | Unit number |
|---|---|---|
| Gemeentehuisstraat 6 registered office 9890 Gavere 5510001 Hotels and similar accommodation | 08-01-2020 | 2.298.226.245 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 44016B1127/00F000 | 2,475 m² | 1 · 189 m² | 14.0 m · 2 |
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