Equity
Equity fell by 79% in 4 years.
Equity fell by 79% in 4 years.
From profit to loss in 2025, after a profit of €21,322 in 2024.
Green is investment, beige is depreciation.
Six of the last ten came late. The 2019 accounts came latest: 91 days after the end of the period.
Lower net result than 95% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 8 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 21% of them on solvency, 4% on liquidity, 4% on profitability and 8% on growth.
The bankruptcy probability was computed on 08-11-2026 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 low class on 30-06-2025, 0.8% 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, 1,294 companies had the same profile as CONCEPT ENGINEERING has now. Each dot stands for 4 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CONCEPT ENGINEERING itself is lower: 0.8% within 12 months. It rests on far more data about CONCEPT ENGINEERING 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 1,294 companies, not a prediction for CONCEPT 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.
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.1 (1.54 in 2024), below the usual 1.5. Short-term debt is 81.3% and cash 0% of total assets. 81.3% 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 13 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 | ||||
|---|---|---|---|---|
| CONCEPT ENGINEERING Kontich | €121,575 | €59,912 | 18.7% | - |
| ENGIN Antwerp | €129,178 | €47,362 | 95.4% | - |
| HUMBLET-TEC Gesves | €126,638 | €59,459 | 46.8% | - |
| MV CONCEPT Grimbergen | €137,292 | €58,084 | 21.3% | - |
| CAUTERMAN PROJECTS Maarkedal | €106,391 | €62,539 | 50.4% | - |
| CURRO CERTIF Frameries | €104,584 | €54,832 | 81.6% | 1 |
| TECHNIQUES SPECIALES LEBLANC Pepinster | €119,492 | €49,533 | 80.7% | - |
These companies have the same main activity as CONCEPT ENGINEERING: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €105,000 and €137,000, founded between 2011 and 2012.
CONCEPT ENGINEERING files the micro format. That format states no turnover. The gross margin rose from €14,249 in 2013 to €59,912 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 ≈ €130,000. Estimated: probably between €99,000 and €180,000.
Higher than 21% of 11,794 companies in 2025.
Higher than 24% of 11,521 companies in 2025.
Lower than 95% of 11,605 companies in 2025.
Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
121,575 | 147,864 | 131,893 | 143,734 | 133,616 | 151,487 | 139,972 | 100,172 | 78,135 | 106,276 | 56,022 | 56,010 | 60,714 | |
21/28 |
12,876 | 23,771 | 28,433 | 33,449 | 23,208 | 16,493 | 8,317 | 8,180 | 3,318 | 7,971 | 14,082 | 12,819 | 9,882 | |
21 |
315 | 1,543 | 2,771 | - | - | - | - | - | - | - | - | 1,955 | 3,700 | |
22/27 |
12,561 | 22,228 | 25,661 | 33,449 | 23,208 | 16,493 | 8,317 | 8,180 | 3,318 | 7,971 | 14,082 | 10,863 | 6,182 | |
23 |
12,561 | 16,406 | 17,339 | 22,108 | 22,170 | 14,936 | - | - | - | 352 | 704 | 8,513 | 3,540 | |
24 |
0 | 5,822 | 8,322 | 11,109 | 575 | 862 | 7,391 | 8,180 | 3,318 | 4,619 | 6,208 | - | - | |
26 |
- | - | 0 | 232 | 463 | 695 | 926 | - | - | 3,000 | 7,169 | 2,351 | 2,642 | |
29/58 |
108,699 | 124,093 | 103,460 | 110,285 | 110,408 | 134,994 | 131,655 | 91,992 | 74,816 | 98,306 | 41,940 | 43,192 | 50,832 | |
29 |
76,832 | 74,624 | 72,478 | 70,395 | 68,371 | 66,406 | 50,000 | 50,000 | 18,000 | - | - | - | - | |
290 |
- | - | - | - | - | - | 50,000 | 50,000 | 18,000 | - | - | - | - | |
291 |
76,832 | 74,624 | 72,478 | 70,395 | 68,371 | 66,406 | - | - | - | - | - | - | - | |
40/41 |
31,867 | 48,504 | 30,354 | 37,519 | 30,530 | 67,805 | 78,405 | 38,742 | 56,616 | 98,306 | 41,940 | 43,192 | 49,293 | |
40 |
31,729 | 36,143 | 26,286 | 36,277 | 22,981 | 67,805 | 47,375 | 22,413 | 13,477 | 42,778 | 13,252 | 28,790 | 21,933 | |
41 |
138 | 12,361 | 4,068 | 1,242 | 7,549 | 0 | 31,030 | 16,330 | 43,139 | 55,527 | 28,689 | 14,402 | 27,360 | |
54/58 |
0 | 750 | 250 | 650 | 10,700 | 0 | 3,250 | 3,250 | 200 | - | - | - | - | |
490/1 |
0 | 216 | 378 | 1,721 | 807 | 783 | - | - | - | - | - | - | 1,539 | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
121,575 | 147,864 | 131,893 | 143,734 | 133,616 | 151,487 | 139,972 | 100,172 | 78,135 | 106,276 | 56,022 | 56,010 | 60,714 | |
10/15 |
22,786 | 67,178 | 45,856 | 85,402 | 107,665 | 92,363 | 65,075 | 50,776 | 41,252 | 33,199 | 17,480 | 14,471 | 16,048 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 13,275 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | 5,325 | |
13 |
82,450 | 82,450 | 82,450 | 82,450 | 89,065 | 73,763 | 42,652 | 22,652 | 22,652 | 14,599 | 1,860 | 1,860 | 1,860 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
133 |
82,450 | 82,450 | 82,450 | 80,590 | 87,205 | 71,903 | 40,792 | 20,792 | 20,792 | 12,739 | - | - | - | |
14 |
-78,263 | -33,871 | -55,193 | -15,647 | - | 0 | 3,823 | 9,524 | - | - | -2,980 | -5,989 | 913 | |
17/49 |
98,789 | 80,686 | 86,037 | 58,332 | 25,951 | 59,124 | 74,897 | 49,396 | 36,883 | 73,078 | 38,542 | 41,539 | 44,666 | |
17 |
- | - | - | - | - | - | - | - | - | - | 2,976 | - | - | |
170/4 |
- | - | - | - | - | - | - | - | - | - | 2,976 | - | - | |
42/48 |
98,789 | 80,686 | 85,652 | 58,332 | 25,951 | 59,124 | 74,897 | 49,396 | 36,883 | 73,078 | 35,566 | 41,539 | 44,666 | |
42 |
- | - | - | - | - | - | - | - | - | 3,498 | 2,899 | - | - | |
43 |
18,054 | 11,567 | 13,529 | 19,556 | 222 | 29,355 | 29,409 | 26,574 | 21,252 | 26,666 | 16,521 | 12,466 | 11,682 | |
430/8 |
18,054 | 11,567 | 13,529 | 19,556 | 222 | 29,355 | 29,409 | 26,574 | 21,252 | 26,666 | 16,521 | 12,466 | 11,682 | |
44 |
8,197 | 12,182 | 15,676 | 8,632 | 4,182 | 4,029 | 16,000 | 6,000 | 4,896 | 11,907 | 4,805 | 18,686 | 25,446 | |
440/4 |
8,197 | 12,182 | 15,676 | 8,632 | 4,182 | 4,029 | 16,000 | 6,000 | 4,896 | 11,907 | 4,805 | 18,686 | 25,446 | |
45 |
68,456 | 56,936 | 56,447 | 30,144 | 21,547 | 25,740 | 29,488 | 16,821 | 10,735 | 31,008 | 11,342 | 10,387 | 7,538 | |
450/3 |
42,109 | 45,528 | 35,931 | 22,112 | 21,547 | 25,740 | 29,488 | 16,821 | 10,735 | 26,287 | 11,342 | 10,387 | 7,538 | |
454/9 |
26,346 | 11,409 | 20,515 | 8,033 | - | - | - | - | - | 4,721 | - | - | - | |
47/48 |
4,082 | - | - | - | - | - | - | - | - | - | - | - | - | |
492/3 |
- | 0 | 384 | - | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||
9900 |
59,912 | 125,962 | 50,967 | 8,904 | 36,553 | 69,555 | 28,004 | 19,452 | 50,664 | 61,395 | 25,316 | 6,972 | 14,249 | |
62 |
85,214 | 83,858 | 66,636 | 19,740 | - | - | - | - | 12,578 | 17,499 | - | - | - | |
630 |
6,551 | 9,389 | 9,750 | 7,735 | 4,421 | 2,281 | 2,853 | 3,386 | 6,956 | 11,040 | 12,792 | 8,557 | 5,420 | |
640/8 |
4,597 | 2,692 | 4,926 | 867 | 1,072 | 798 | 666 | 493 | 1,268 | 1,652 | 770 | 836 | 1,542 | |
9901 |
-36,450 | 30,023 | -30,346 | -19,438 | 31,060 | 66,477 | 24,485 | 15,574 | 29,863 | 31,204 | 11,753 | -2,421 | 7,287 | |
75/76B |
2,433 | 2,643 | 2,224 | 2,337 | 2,202 | 1,500 | 2,993 | 3,512 | - | - | 1,750 | - | 1,545 | |
75 |
2,433 | 2,643 | 2,224 | 2,337 | 2,202 | 1,500 | 2,993 | 3,512 | - | - | 1,750 | - | 1,545 | |
65/66B |
9,925 | 11,001 | 10,994 | 4,873 | 11,336 | 27,589 | 3,729 | 4,069 | 11,145 | 7,486 | 7,294 | 4,481 | 4,959 | |
65 |
9,925 | 11,001 | 10,994 | 4,873 | 11,336 | 27,589 | 3,729 | 4,069 | 11,145 | 7,486 | 7,294 | 4,481 | 4,959 | |
9903 |
-43,941 | 21,665 | -39,115 | -21,974 | 21,927 | 40,388 | 23,750 | 15,016 | 18,717 | 23,719 | 6,210 | -6,902 | 3,873 | |
67/77 |
451 | 343 | 431 | 289 | 6,625 | 13,100 | 9,451 | 5,492 | 10,664 | 8,000 | 3,201 | - | 1,100 | |
9904 |
-44,392 | 21,322 | -39,546 | -22,262 | 15,301 | 27,288 | 14,299 | 9,524 | 8,053 | 15,719 | 3,009 | -6,902 | 2,773 | |
9905 |
-44,392 | 21,322 | -39,546 | -22,262 | 15,301 | 27,288 | 14,299 | 9,524 | 8,053 | 15,719 | 3,009 | -6,902 | 2,773 | |
| Appropriation of the result | ||||||||||||||
9906 |
-78,263 | -33,871 | -55,193 | -22,262 | 15,301 | 31,111 | 23,823 | 9,524 | 8,053 | 12,739 | -2,980 | -5,989 | 2,773 | |
14P |
-33,871 | -55,193 | -15,647 | - | 0 | - | - | - | - | - | - | - | - | |
791/2 |
- | - | 0 | 6,615 | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | 0 | 15,301 | 31,111 | 20,000 | - | 8,053 | 12,739 | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6921 |
- | - | - | 0 | 15,301 | 31,111 | 20,000 | - | 8,053 | 12,739 | - | - | - | |
| Social balance sheet | ||||||||||||||
9087 |
1.9 | 1.3 | 0.9 | 0.4 | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
2,124 | 2,179 | 1,721 | 517 | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 12 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 | 2026-00339497 | |
| 31-12-2024 | micro format | 24-07-2025 | 2025-00303975 | |
| 31-12-2023 | micro format | 31-07-2024 | 2024-00315767 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00409773 | |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20126439 | |
| 31-12-2020 | micro format | 09-08-2021 | 2021-47200206 | |
| 31-12-2019 | micro format | 30-10-2020 | 2020-66900583 | |
| 31-12-2018 | micro format | 30-09-2019 | 2019-68400239 | |
| 31-12-2017 | micro format | 03-10-2018 | 2018-68400270 | |
| 31-12-2016 | micro format | 01-08-2017 | 2017-40500049 | |
| 31-12-2015 | abbreviated format | 03-08-2016 | 2016-39500418 | |
| 31-12-2014 | abbreviated format | 29-06-2015 | 2015-24100428 | |
| 31-12-2013 | abbreviated format | 30-08-2014 | 2014-55900097 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -29,899 | 39,412 | -20,596 | -11,703 | 35,480 | 68,758 | 27,338 | 18,959 | 36,818 | 42,244 | 24,546 | 6,136 | 12,707 | ||
| -37,841 | 30,711 | -29,796 | -14,527 | 19,722 | 29,569 | 17,151 | 12,910 | 15,009 | 26,758 | 15,801 | 1,655 | 8,193 | ||
| 13,321 | 4,727 | 21,499 | 17,976 | 11,135 | 10,419 | 2,990 | 8,247 | 2,303 | 4,929 | 14,056 | 11,493 | 15,302 | ||
| -750 | 500 | -400 | -10,050 | 10,700 | -3,250 | 0 | 3,050 | - | - | - | - | - | ||
| 9,911 | 43,408 | 17,808 | 51,954 | 84,457 | 75,870 | 56,758 | 42,597 | 37,934 | 25,228 | 6,374 | 1,653 | 6,166 | ||
| 18.7% | 45.4% | 34.8% | 59.4% | 80.6% | 61.0% | 46.5% | 50.7% | 52.8% | 31.2% | 31.2% | 25.8% | 26.4% | ||
| 1.10 | 1.54 | 1.21 | 1.89 | 4.25 | 2.28 | 1.76 | 1.86 | 2.03 | 1.35 | 1.18 | 1.04 | 1.14 | ||
| 4.34 | 1.20 | 1.88 | 0.68 | 0.24 | 0.64 | 1.15 | 0.97 | 0.89 | 2.20 | 2.20 | 2.87 | 2.78 | ||
| -194.8% | 31.7% | -86.2% | -26.1% | 14.2% | 29.5% | 22.0% | 18.8% | 19.5% | 47.3% | 17.2% | -47.7% | 17.3% | ||
| -36.5% | 14.4% | -30.0% | -15.5% | 11.5% | 18.0% | 10.2% | 9.5% | 10.3% | 14.8% | 5.4% | -12.3% | 4.6% | ||
| -3.01 | 3.58 | -1.87 | -2.40 | 3.13 | - | - | - | - | - | - | - | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 1 | 1 |
| full-time | 2 | 2 | 1 | 0 |
| part-time | 0 | 0 | 0 | 1 |
| in full-time equivalents | 2 | 2 | 1 | 0.7 |
| 1.9 | 1.3 | 0.9 | 0.3 | |
| On a permanent contract | 2 | 1 | 1 | 1 |
| Joined | - | 3 | 2 | 1 |
| Left | - | 2 | 2 | 0 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €13,321 | €4,727 | €17,814 | €17,976 | €11,135 |
| Intangible fixed assets | - | - | €3,685 | - | - |
| €6,551 | €9,389 | €9,750 | €7,735 | €4,421 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €36,450, after a profit of €30,023 in 2024. It is the lowest result since 2013.
Debt's share of the balance-sheet total rises from 54.6% to 81.3%. Equity is lower and debt is higher.
CONCEPT ENGINEERING has no parent and no holdings in its annual accounts. BRUYNS Gerry Albert Mathilde is the only director. CONCEPT ENGINEERING shares no director with another company.
| Vereniging van Mede-eigenaars van het gebouw Bautersemstraat 55 te Kontich
registered office since 18-06-2026 |
founded in 2026 1040.127.436 |
| BRUYNS - PIESSENS
registered office since 17-11-1998 |
founded in 1998 0464.602.581 |
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 |
|---|---|---|
| SECTION-CUTTER registered office Bautersemstraat 55, 2550 Kontich | 06-06-2012 | 2.210.941.289 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11602C0030/00S004 | 401 m² | - | - |
If something looks wrong or is missing, please tell us.