DAVID ENGELBOS
ActiveDAVID ENGELBOS has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317k and a net result of €68k. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 42% of 12642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-18
Solvency73▼-27
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 1.61 against 10.83 in 2024; short-term debt: 44.1% and cash: 3.4% of total assets), but 52.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
47.9%
Return on assets
10.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
18 d late
2024
16 d late
2023
58 d late
2022
66 d late
2021
31 d late
2020
2 d early
2019
45 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€317k▼ 35.2%
2024 · €490k
2018: €424k
2019: €435k
2020: €447k
2021: €509k
2022: €548k
2023: €314k
2024: €490k
2018 → 2025
Total assets
€662k▲ 13.4%
2024 · €584k
2018: €606k
2019: €619k
2020: €662k
2021: €637k
2022: €660k
2023: €680k
2024: €584k
2018 → 2025
Net result
€68k▼ 61.3%
2024 · €176k
2018: €106k
2019: €52k
2020: €91k
2021: €62k
2022: €38k
2023: €829
2024: €176k
2018 → 2025
Working capital
€178k▼ 49.3%
2024 · €351k
2018: €367k
2019: €377k
2020: €122k
2021: €176k
2022: €212k
2023: €-28k
2024: €351k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€509k-€548k▲ 7.6%€314k▼ 42.7%€490k▲ 56.2%€317k▼ 35.2%
Operating result€85k-€63k▼ 26.5%€13k▼ 79.6%€189k▲ 1,375%€87k▼ 53.6%
Net result€62k-€38k▼ 38.4%€829▼ 97.8%€176k▲ 21,154%€68k▼ 61.3%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 54% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €662k
Fixed assets
€192k▼ 2.4%
Current assets
€470k▲ 21.5%
Equity and liabilities €662k
Equity
€317k▼ 35.2%
Debt
€345k▲ 268%
The debt ratio rises from 16.0% to 52.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€94k▼
2024 · €194k
Cash flow
€75k▼
2024 · €181k
Solvency
47.9%▼
2024 · 84.0%
Current ratio
1.61▼
2024 · 10.83
Quick ratio
1.61▼
2024 · 10.83
Debt / equity
1.09▲
2024 · 0.19
ROE
21.5%▼
2024 · 36.0%
ROA
10.3%▼
2024 · 30.2%
Interest coverage
11.81▼
2024 · 19.94
Debt
€345k▲
2024 · €94k
Debt ≤ 1 year
€292k▲
2024 · €36k
Debt > 1 year
€51k▼
2024 · €58k
Income taxes
€28k▼
2024 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€584k€662k▲
Fixed assets21/28€197k€192k▼
Tangible fixed assets22/27€141k€136k▼
Land and buildings22€130k€126k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€7k€6k▼
Other tangible fixed assets26€1k€1k=
Financial fixed assets28€56k€56k=
Current assets29/58€387k€470k▲
Amounts receivable within one year40/41€327k€325k▼
Trade receivables40€19k€22k▲
Other amounts receivable41€307k€303k▼
Current investments50/53€26k€106k▲
Cash at bank and in hand54/58€14k€23k▲
Deferred charges and accrued income490/1€19k€16k▼
Equity and liabilities
Total equity and liabilities10/49€584k€662k▲
Equity10/15€490k€317k▼
Contributions10/11€28k€28k=
Reserves13€462k€289k▼
Tax-exempt reserves132€8k€8k=
Distributable reserves133€454k€281k▼
Amounts payable17/49€94k€345k▲
Amounts payable after more than one year17€58k€51k▼
Financial debts170/4€58k€51k▼
Amounts payable within one year42/48€36k€292k▲
Current portion of amounts payable after more than one year42€7k€7k▲
Financial debts43€3k€3k=
Other loans439€3k€3k=
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€21k€48k▲
Taxes450/3€21k€48k▲
Remuneration and social security454/9€52€172▲
Other amounts payable47/48-€227k
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Non-recurring operating income76A€159k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€7k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€195k€95k▼
Operating profit (loss)9901€189k€87k▼
Financial income75/76B€25k€16k▼
Recurring financial income75€25k€16k▼
Financial charges65/66B€10k€8k▼
Recurring financial charges65€10k€8k▼
Profit (loss) for the period before taxes9903€204k€96k▼
Income taxes67/77€28k€28k▼
Profit (loss) for the period9904€176k€68k▼
Profit (loss) for the period to be appropriated9905€176k€68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€176k€68k▼
Transfer from equity791/2-€241k
Transfer to equity691/2€176k€68k▼
To other reserves6921€176k€68k▼
Profit to be distributed694/7-€241k
Return on contributions (dividend)694-€241k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
2024
31-12
Financial
Highest result since 2018net €176k ▲21154%
Operating result €189k, net result €176k, both a record.
31-12
Financial
Liquidity times 12current ratio 10.83
Current ratio from 0.91 to 10.83; short-term debt falls from €301k to €36k.
04-10
State Gazette act
General meeting · Capital increase
Share issue · Statutes amendment
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Weakest financial yearnet €829 ▼97.8%
Net result drops to €829, the lowest in the series; recovery starts the following year.
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 66 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 4.51
Current ratio from 1.93 to 4.51; short-term debt falls from €132k to €50k.
31-12
Financial
Equity above €500kEq €509k ▲14%
4 profitable years in a row build equity to €509k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 2 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Sint-Truiden
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Runkelen-Dorp 443803 Sint-TruidenGround area
992 m²
Building footprint
239 m²
Volume, LiDAR
1,256 m³
Parcel 71050A0351/00E000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71050A0351/00E000 | Flanders | 992 m² | 1 · 239 m² | 7.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Mathieu VAESSEN
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Of 22,049 companies in sector 69101 we hold annual accounts for 9,048. 6,659 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-08-2004
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
69201Certified accountants and tax accountants
74124
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.