Equity
Equity fell by 71% in 6 years.
Equity fell by 71% in 6 years.
Every financial year from 2020 to 2025 closed with a loss. 2020 was the heaviest.
The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
In July 2024, 4,805 companies had the same profile as Design & Engineering has now. Each dot stands for 13 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Design & Engineering itself: 0.4% within 12 months.
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 4,805 companies, not a prediction for Design & 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.
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 53 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Design & Engineering Auderghem | €26,923 | - | 100.0% | - |
| Ralph's Group Evere | €25,438 | €17,141 | 54.9% | - |
| Peter D'Hoore Antwerp | €24,690 | -€3,464 | -1.3% | - |
| Q.M Enghien | €32,207 | €170 | -138.0% | - |
| WELKHOME Braine-l'Alleud | €31,477 | €19,857 | 73.6% | - |
| PER LEI IMMO Ghent | €22,528 | €9,024 | -0.9% | - |
| Unibra Development Watermael-Boitsfort | €38,279 | - | -936.7% | - |
These companies have the same main activity as Design & Engineering: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €22,500 and €38,300, founded between 2013 and 2016.
Design & Engineering has existed since 2015. In 2019 turnover rose from €412,795 to €5.1m.
CFE CONTRACTING holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 95% of 5,810 companies in 2025.
Higher than 87% of 4,457 companies in 2023.
Lower than 95% of 5,784 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
26,923 | 32,693 | 42,838 | 230,041 | 414,051 | 434,636 | 1.8m | 591,276 | 125,674 | 120,878 | 757,297 | |
20 |
- | - | - | - | - | - | 124 | 585 | 1,046 | 1,506 | 1,967 | |
21/28 |
- | - | - | - | - | - | - | - | - | - | 1,967 | |
29/58 |
26,923 | 32,693 | 42,838 | 230,041 | 414,051 | 434,636 | 1.8m | 590,692 | 124,628 | 119,371 | 755,330 | |
40/41 |
26,785 | 32,424 | 42,463 | 229,914 | 414,051 | 434,636 | 1.8m | 569,692 | 124,628 | 119,371 | 755,330 | |
40 |
- | - | - | 173,718 | 358,444 | 373,121 | 805,063 | 312,682 | 89,006 | 93,050 | 638,438 | |
41 |
26,785 | 32,424 | 42,463 | 56,195 | 55,607 | 61,516 | 1.0m | 257,010 | 35,623 | 26,321 | 116,892 | |
490/1 |
138 | 269 | 375 | 128 | - | - | 25,761 | 21,000 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
26,923 | 32,693 | 42,838 | 230,041 | 414,051 | 434,636 | 1.8m | 591,276 | 125,674 | 120,878 | 757,297 | |
10/15 |
26,923 | 32,693 | 37,225 | 51,799 | 52,726 | 58,403 | 94,277 | 81,513 | 48,141 | 56,638 | 63,953 | |
10/11 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 62,500 | 62,500 | 62,500 | |
10 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | - | - | - | - | - | - | |
100 |
100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | 62,500 | 62,500 | 62,500 | |
13 |
73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | |
130/1 |
73 | 73 | 73 | 73 | 73 | 73 | - | - | - | - | - | |
130 |
73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | 73 | |
14 |
-73,149 | -67,380 | -62,848 | -48,273 | -47,346 | -41,669 | -5,796 | -18,560 | -14,432 | -5,935 | 1,381 | |
17/49 |
- | - | 5,613 | 178,242 | 361,325 | 376,233 | 1.7m | 509,764 | 77,533 | 64,240 | 693,344 | |
42/48 |
- | - | 5,613 | 178,242 | 361,325 | 376,233 | 1.7m | 509,764 | 77,533 | 64,240 | 693,344 | |
44 |
- | - | 5,613 | 178,242 | 361,325 | 370,872 | 1.7m | 196,778 | 77,533 | 58,306 | 671,352 | |
440/4 |
- | - | 5,613 | 178,242 | 361,325 | 370,872 | 1.7m | 196,778 | 77,533 | 58,306 | 671,352 | |
45 |
- | - | - | - | - | 5,362 | 5,362 | - | - | 748 | 748 | |
450/3 |
- | - | - | - | - | 5,362 | 5,362 | - | - | 748 | 748 | |
47/48 |
- | - | - | - | - | - | 47,888 | 312,986 | - | 5,185 | 21,243 | |
| Income statement | ||||||||||||
70/76A |
- | - | - | - | - | 1.8m | 5.1m | 412,857 | 270,830 | 387,406 | 638,438 | |
70 |
- | - | - | - | - | 1.8m | 5.1m | 412,795 | 270,830 | 387,406 | 638,438 | |
71 |
- | - | - | - | - | -25,761 | - | - | - | - | - | |
60/66A |
5,868 | 5,430 | 15,740 | 3,728 | 10,790 | 1.8m | 5.1m | 416,717 | 279,395 | 394,201 | 636,014 | |
60 |
- | - | - | - | - | 1.8m | 5.1m | 401,876 | 261,447 | 376,995 | 635,262 | |
600/8 |
- | - | - | - | - | 1.8m | 5.1m | 401,876 | 261,447 | 376,995 | 635,262 | |
61 |
5,868 | 5,430 | 15,740 | 3,728 | 10,690 | 2,837 | 10,151 | 14,381 | 17,287 | 16,696 | 348 | |
630 |
- | - | - | - | - | 56 | 461 | 461 | 461 | 461 | 405 | |
640/8 |
- | - | - | - | 100 | 4,458 | - | - | 200 | 50 | - | |
9901 |
-5,868 | -5,430 | -15,740 | -3,728 | -10,790 | -35,623 | 18,476 | -3,861 | -8,564 | -6,795 | 2,424 | |
75/76B |
624 | 1,270 | 1,411 | 3,047 | - | - | - | - | - | 32 | - | |
75 |
624 | 1,270 | 1,411 | 128 | - | - | - | - | - | 32 | - | |
751 |
624 | 1,270 | 1,411 | 128 | - | - | - | - | - | - | - | |
752/9 |
- | - | - | - | - | - | - | - | - | 32 | - | |
76B |
- | - | - | 2,919 | - | - | - | - | - | - | - | |
65/66B |
525 | 371 | 246 | 246 | 249 | 251 | 350 | 268 | 239 | 552 | 222 | |
65 |
525 | 371 | 246 | 246 | 249 | 251 | 350 | 268 | 239 | 552 | 222 | |
650 |
525 | 371 | 246 | 246 | 249 | 251 | - | - | - | - | - | |
652/9 |
- | - | - | - | - | - | 350 | 268 | 239 | 552 | 222 | |
9903 |
-5,770 | -4,532 | -14,575 | -927 | -11,039 | -35,873 | 18,125 | -4,128 | -8,803 | -7,315 | 2,201 | |
67/77 |
- | - | - | - | -5,362 | - | 5,362 | - | -306 | - | 748 | |
670/3 |
- | - | - | - | - | - | 5,362 | - | - | - | 748 | |
77 |
- | - | - | - | 5,362 | - | - | - | 306 | - | - | |
9904 |
-5,770 | -4,532 | -14,575 | -927 | -5,677 | -35,873 | 12,764 | -4,128 | -8,497 | -7,315 | 1,453 | |
9905 |
-5,770 | -4,532 | -14,575 | -927 | -5,677 | -35,873 | 12,764 | -4,128 | -8,497 | -7,315 | 1,453 | |
| Appropriation of the result | ||||||||||||
9906 |
-73,149 | -67,380 | -62,848 | -48,273 | -47,346 | -41,669 | -5,796 | -18,560 | -14,432 | -5,935 | 1,453 | |
14P |
-67,380 | -62,848 | -48,273 | -47,346 | -41,669 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | 73 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 73 | |
| Document | ||||||||||||
The notes to these accounts have 8 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 05-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 05-06-2026 | 2026-00147888 | |
| 31-12-2024 | full format | 26-05-2025 | 2025-00110959 | |
| 31-12-2023 | full format | 28-05-2024 | 2024-00103412 | |
| 31-12-2022 | full format | 23-05-2023 | 2023-00096130 | |
| 31-12-2021 | full format | 21-06-2022 | 2022-20085543 | |
| 31-12-2020 | full format | 24-06-2021 | 2021-27000402 | |
| 31-12-2019 | full format | 19-06-2020 | 2020-18700287 | |
| 31-12-2018 | full format | 25-06-2019 | 2019-25200412 | |
| 31-12-2017 | full format | 26-06-2018 | 2018-24000363 | |
| 31-12-2016 | full format | 22-08-2017 | 2017-45600142 | |
| 31-12-2015 | full format | 20-07-2016 | 2016-34900582 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| - | - | - | - | - | -35,567 | 18,937 | -3,400 | -8,103 | -6,334 | 2,829 | ||
| - | - | - | - | - | -35,817 | 13,225 | -3,668 | -8,036 | -6,855 | 1,858 | ||
| - | - | - | - | - | -68 | 0 | 0 | 0 | 0 | - | ||
| - | - | 37,225 | 51,799 | 52,726 | 58,403 | 94,153 | 80,928 | 47,095 | 55,132 | 61,986 | ||
| - | - | - | - | - | -1.9% | 0.4% | -0.9% | -3.2% | -1.8% | 0.4% | ||
| 100.0% | 100.0% | 86.9% | 22.5% | 12.7% | 13.4% | 5.1% | 13.8% | 38.3% | 46.9% | 8.4% | ||
| - | - | 7.63 | 1.29 | 1.15 | 1.16 | 1.05 | 1.16 | 1.61 | 1.86 | 1.09 | ||
| - | - | 0.15 | 3.44 | 6.85 | 6.44 | 18.47 | 6.25 | 1.61 | 1.13 | 10.84 | ||
| -21.4% | -13.9% | -39.2% | -1.8% | -10.8% | -61.4% | 13.5% | -5.1% | -17.6% | -12.9% | 2.3% | ||
| -21.4% | -13.9% | -34.0% | -0.4% | -1.4% | -8.3% | 0.7% | -0.7% | -6.8% | -6.1% | 0.2% | ||
| - | - | - | - | - | -141.94 | - | - | - | - | - | ||
| - | - | - | - | - | 74 days | 57 days | 276 days | 120 days | 88 days | 365 days | ||
| - | - | 130 days | 17452 days | 12337 days | 73 days | 120 days | 173 days | 102 days | 54 days | 386 days |
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.
Source: 2020 accounts, page 15, filing 2021-27000402
Source: 2020 accounts, page 15, filing 2021-27000402
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €4,928 | €4,791 | €6,462 | €4,300 | €4,132 |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
The operating result for 2025 is a loss of €5,868, larger than the loss of €5,430 in 2024.
Further up the chainAANNEMINGSMAATSCHAPPIJ CFE 100%ACKERMANS & VAN HAAREN 62.1%
Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts
Source: list of holdings in the 2025 accounts of CFE CONTRACTING. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group ACKERMANS & VAN HAAREN Group, risk and exposure| CBC Banque
establishment since 01-04-2018 · founded in 1958 · group KBC Groep |
total assets €19.48bn (2025) 0403.211.380 |
| Photonics Management Europe
registered office since 30-07-2020 · founded in 2020 |
total assets €539.8m (2025) 0751.650.525 |
| AANNEMINGSMAATSCHAPPIJ CFE
registered office since 01-06-1980 · founded in 1880 · group ACKERMANS & VAN HAAREN |
54 FTE (2025) 0400.464.795 |
| CFE CONTRACTING
registered office since 25-01-1990 · founded in 1990 · group ACKERMANS & VAN HAAREN |
total assets €369.2m (2025) 0440.113.348 |
| BPI Real Estate Belgium
registered office since 05-10-1989 · founded in 1989 · group ACKERMANS & VAN HAAREN |
23 FTE (2025) 0438.425.053 |
| BPC Group
registered office since 01-01-2022 · founded in 1983 · group ACKERMANS & VAN HAAREN |
301 FTE (2025) 0425.342.624 |
| CAPITALATWORK
registered office since 29-06-1990 · founded in 1990 |
total assets €102.5m (2024) 0441.148.080 |
| Debrouckère Development
registered office since 08-08-2018 · founded in 2018 |
total assets €56.5m (2025) 0700.731.661 |
| DEBROUCKERE LAND
registered office since 09-09-2016 · founded in 2016 |
total assets €24.8m (2025) 0662.473.277 |
| ERASMUS GARDENS
registered office since 30-07-2007 · founded in 2007 |
total assets €13.1m (2025) 0891.137.515 |
The network starts from the directors of Design & Engineering. Every other company they run is a node.
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 |
|---|---|---|
| Edmond Van Nieuwenhuyselaan 30 registered office 1160 Auderghem | ||
| BPC Design & Engineering Terhulpsesteenweg 166, 1170 Watermael-Boitsfort 71121 Engineering and related technical consultancy, excluding land surveyors | 09-03-2015 | 2.240.025.750 |
| 30-10-2020 | Granted | Een grond gebruiken, aanleggen of inrichten; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 19-08-2020 · project 2020107476 | Antwerpen |
| 19-10-2018 | Granted | Bouwen of herbouwen; Een grond gebruiken, aanleggen of inrichten submitted 07-07-2018 · project 2018071750 | Antwerpen |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21652E0030/00D002 | 3.2 ha | 1 · 7,322 m² | 21.0 m · 6 |
| 21332B0498/00B000 | 5,641 m² | 1 · 1,517 m² | 25.8 m · 5 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
If something looks wrong or is missing, please tell us.