De² Engineering
ActiveSummary
De² Engineering has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134,844 and a net result of €12,106. Equity is growing by ~12.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 2020 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-53
Solvency63▲+5
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.58 in 2024; short-term debt: 53.2% and cash: 25.5% of total assets), but 62.3% of the assets are financed with debt.
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Signals
Six 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 →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
37.7%
Return on assets
3.4%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
30 d early
2023
5 d late
2022
40 d early
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 7 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#10 employer in Chapelle-lez-Herlaimont
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,106▼ 86.9%
2024 · €92,262
Working capital
€149,902▲ 17.0%
2024 · €128,114
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€72,124-€81,925▲ 13.6%€59,274▼ 27.6%€122,793▲ 107%€30,829▼ 74.9%
Net result€54,033-€55,648▲ 3.0%€45,661▼ 17.9%€92,262▲ 102%€12,106▼ 86.9%
Equity€62,433-€116,481▲ 86.6%€160,477▲ 37.8%€122,738▼ 23.5%€134,844▲ 9.9%
Total assets€87,846-€189,568▲ 116%€279,210▲ 47.3%€374,079▲ 34.0%€357,809▼ 4.3%
Debt€25,412-€73,087▲ 188%€118,733▲ 62.5%€251,341▲ 112%€222,965▼ 11.3%
Working capital€45,390-€98,522▲ 117%€134,070▲ 36.1%€128,114▼ 4.4%€149,902▲ 17.0%
Staff (FTE)1.5-3.1▲ 107%6.2▲ 100%8.1▲ 30.6%7.5▼ 7.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 75% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €357,809
Fixed assets
€17,560 ▼ 24.3%
Current assets
€340,249 ▼ 3.0%
Equity and liabilities €357,809
Equity
€134,844 ▲ 9.9%
Debt
€222,965 ▼ 11.3%
Debt's share of the balance-sheet total falls from 67.2% to 62.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41,591▼
2024 · €136,132
Cash flow
€22,868▼
2024 · €105,601
Current ratio
1.79▲
2024 · 1.58
Debt to equity
1.65▼
2024 · 2.05
ROE
9.0%▼
2024 · 75.2%
ROA
3.4%▼
2024 · 24.7%
Interest coverage
2.89▼
2024 · 11.82
Debt ≤ 1 year
€190,347▼
2024 · €222,756
Income taxes
€5,117▼
2024 · €19,111
Staff costs
€439,771▼
2024 · €457,596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €5,372 | €145,818 | €330,038 | €457,596 | €439,771 | ▼ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,739 | €6,868 | €11,076 | €13,339 | €10,762 | ▼ 19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €773 | €1,850 | €533 | ▼ 71.2% |
| Other operating charges640/8 | €490 | €952 | €5,707 | €1,663 | €1,356 | ▼ 18.4% |
| Non-recurring operating charges66A | - | - | - | - | €2,002 | - |
| Gross operating margin9900 | €79,725 | €235,563 | €406,868 | €597,240 | €485,253 | ▼ 18.8% |
| Operating profit (loss)9901 | €72,124 | €81,925 | €59,274 | €122,793 | €30,829 | ▼ 74.9% |
| Financial income75/76B | €20 | €211 | €308 | €95 | €772 | ▲ 712% |
| Recurring financial income75 | €20 | €211 | €308 | €95 | €772 | ▲ 712% |
| Financial charges65/66B | €949 | €3,031 | €7,941 | €11,515 | €14,378 | ▲ 24.9% |
| Recurring financial charges65 | €949 | €3,031 | €7,941 | €11,515 | €14,378 | ▲ 24.9% |
| Profit (loss) for the period before taxes9903 | €71,195 | €79,104 | €51,642 | €111,372 | €17,223 | ▼ 84.5% |
| Income taxes67/77 | €17,162 | €23,456 | €5,980 | €19,111 | €5,117 | ▼ 73.2% |
| Profit (loss) for the period9904 | €54,033 | €55,648 | €45,661 | €92,262 | €12,106 | ▼ 86.9% |
| Profit (loss) for the period to be appropriated9905 | €54,033 | €55,648 | €45,661 | €92,262 | €12,106 | ▼ 86.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87,846 | €189,568 | €279,210 | €374,079 | €357,809 | ▼ 4.3% |
| Fixed assets21/28 | €17,043 | €17,960 | €26,871 | €23,209 | €17,560 | ▼ 24.3% |
| Intangible fixed assets21 | - | - | €856 | €667 | €477 | ▼ 28.5% |
| Tangible fixed assets22/27 | €16,868 | €17,785 | €25,202 | €21,243 | €15,264 | ▼ 28.1% |
| Plant, machinery and equipment23 | - | - | €899 | €680 | €1,075 | ▲ 58.1% |
| Furniture and vehicles24 | €16,868 | €17,785 | €24,303 | €20,563 | €12,184 | ▼ 40.7% |
| Other tangible fixed assets26 | - | - | - | - | €2,005 | - |
| Financial fixed assets28 | €175 | €175 | €813 | €1,300 | €1,819 | ▲ 40.0% |
| Current assets29/58 | €70,802 | €171,608 | €252,339 | €350,870 | €340,249 | ▼ 3.0% |
| Amounts receivable within one year40/41 | €19,929 | €89,524 | €149,056 | €181,967 | €214,937 | ▲ 18.1% |
| Trade receivables40 | €19,929 | €58,590 | €92,340 | €158,506 | €210,937 | ▲ 33.1% |
| Other amounts receivable41 | - | €30,934 | €56,716 | €23,460 | €4,000 | ▼ 82.9% |
| Current investments50/53 | - | - | - | - | €1,500 | - |
| Cash at bank and in hand54/58 | €45,834 | €67,124 | €72,954 | €133,114 | €91,373 | ▼ 31.4% |
| Deferred charges and accrued income490/1 | €5,039 | €14,960 | €30,329 | €35,789 | €32,440 | ▼ 9.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87,846 | €189,568 | €279,210 | €374,079 | €357,809 | ▼ 4.3% |
| Equity10/15 | €62,433 | €116,481 | €160,477 | €122,738 | €134,844 | ▲ 9.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €30,000 | €76,000 | €76,000 | €76,000 | €76,000 | = |
| Distributable reserves133 | €30,000 | €76,000 | €76,000 | €76,000 | €76,000 | = |
| Profit (loss) carried forward14 | €22,433 | €30,481 | €74,477 | €36,738 | €48,844 | ▲ 33.0% |
| Amounts payable17/49 | €25,412 | €73,087 | €118,733 | €251,341 | €222,965 | ▼ 11.3% |
| Amounts payable within one year42/48 | €25,412 | €73,087 | €118,269 | €222,756 | €190,347 | ▼ 14.5% |
| Current portion of amounts payable after more than one year42 | - | €9,198 | €0 | - | - | - |
| Financial debts43 | - | €5,625 | €10,125 | €32,166 | €33,635 | ▲ 4.6% |
| Credit institutions430/8 | - | - | €10,125 | €5,062 | €0 | ▼ 100% |
| Other loans439 | - | €5,625 | €0 | €27,104 | €33,635 | ▲ 24.1% |
| Trade debts44 | €6,726 | €25,893 | €33,138 | €23,585 | €42,325 | ▲ 79.5% |
| Suppliers440/4 | €6,726 | €25,893 | €33,138 | €23,585 | €42,325 | ▲ 79.5% |
| Taxes, remuneration and social security45 | €14,702 | €30,771 | €72,678 | €70,358 | €60,563 | ▼ 13.9% |
| Taxes450/3 | €12,547 | €14,947 | €24,328 | €14,628 | €16,602 | ▲ 13.5% |
| Remuneration and social security454/9 | €2,155 | €15,824 | €48,350 | €55,729 | €43,961 | ▼ 21.1% |
| Other amounts payable47/48 | €3,984 | €1,600 | €2,328 | €96,647 | €53,825 | ▼ 44.3% |
| Accrued charges and deferred income492/3 | - | - | €465 | €28,585 | €32,618 | ▲ 14.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,033 | €55,648 | €45,661 | €92,262 | €12,106 | ▼ 86.9% |
| + Depreciation and write-downs630 | €1,739 | €6,868 | €11,076 | €13,339 | €10,762 | ▼ 19.3% |
| Operating cash flow (approximation) | €55,772 | €62,516 | €56,737 | €105,601 | €22,868 | ▼ 78.3% |
| Investment in fixed assets (approximation) | - | -€7,784 | -€19,988 | -€9,677 | -€5,113 | ▲ 47.2% |
| Change in cash | - | €21,290 | €5,829 | €60,160 | -€41,741 | ▼ 169% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €12,106 ▼86.9%
Net result drops to €12,106, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2021net €92,262 ▲102%
Operating result €122,793, net result €92,262, both a record.
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 5 days late
2023
31-12
Financial
Equity above €150,000Eq €160,477 ▲37.8%
3 profitable years in a row build equity to €160,477.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €100,000Eq €116,481 ▲86.6%
2 profitable years in a row build equity to €116,481.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Chapelle-lez-Herlaimont · 3 establishment units since 2021
Ground area
7,721 m²
Building footprint
703 m²
Volume, LiDAR
8,190 m³
3 parcels, Wallonia · tallest building 17.3 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
De² Engineering
since 20212.312.780.403
De² Engineering
since 20212.312.780.502
De² Engineering
since 20222.325.632.804
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0318/00A002 | Wallonia | 6,103 m² | 1 · 566 m² | 17.3 m · 5 fl. |
| 52053B0389/00X000 | Wallonia | 985 m² | - | - |
| 52056B0155/00P002 | Wallonia | 633 m² | 1 · 137 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
98450062B12D3D393A47
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 5,242 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
Founded04-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
01610Support activities for crop production
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
74999Other professional, scientific and technical activities
81300Landscape service activities
Contact
Website
www.de2-engineering.be
E-mail
info@de2-engineering.be
Scores and ratios are computed by Checked and are not a credit decision.