Equity
Equity fell by 64% in 5 years.
Equity fell by 64% in 5 years.
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
Latest accounts filed late: after the legal deadline.
The dashed line is the sector median: 0.7% across 2,397 companies (NACE 33, micro).
About 1 in 100 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 33, micro). It does better than 91% of them on solvency, 2% on liquidity, 10% on profitability and 23% 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 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, 4,805 companies had the same profile as DK 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 DK Engineering itself: 1.3% 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 DK 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.
Cash is 0.6% of total assets. 0% 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 20 days after the deadline. In the sector (NACE 33), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DK Engineering Wevelgem | €30,864 | -€3,588 | 100.0% | - |
| ESKER Lier | €21,898 | -€3,287 | 35.2% | - |
| PNDA Châtelet | €42,957 | -€8,559 | 52.3% | - |
| SABBE CONSTRUCT Izegem | €19,172 | -€3,443 | -27.7% | - |
| 40-30 BENELUX Aarschot | €44,390 | -€51,960 | -43.2% | 0 |
| UNDER PRESSURE Antwerp | €28,824 | -€4,126 | -270.1% | - |
| TECHNICS AND AUTOMATION Scherpenheuvel-Zichem | €19,857 | -€17,901 | 65.8% | - |
These companies have the same main activity as DK Engineering: installation of industrial machinery and equipment (NACE 33200). They are comparable in size and age: total assets between €19,200 and €44,400, founded between 2004 and 2018.
DK Engineering files the abbreviated format. That format states no turnover. The gross margin fell from €20,875 in 2014 to -€3,588 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 95% of 600 companies in 2025.
Higher than 95% of 382 companies in 2021.
Higher than 8% of 595 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||
20/58 |
30,864 | 34,452 | 41,654 | 51,042 | 62,366 | 127,072 | 85,022 | 73,895 | 73,348 | 116,178 | 115,463 | 56,511 | |
29/58 |
30,864 | 34,452 | 41,654 | 51,042 | 62,366 | 127,072 | 85,022 | 73,895 | 73,348 | 116,178 | 115,463 | 56,511 | |
40/41 |
30,668 | 34,432 | 41,568 | 51,018 | 61,739 | 125,581 | 83,531 | 72,582 | 73,348 | 115,588 | 114,873 | 55,290 | |
40 |
30,578 | 34,178 | 40,868 | 47,074 | 61,739 | 120,622 | 80,917 | 69,771 | 72,773 | 114,044 | 114,044 | 52,948 | |
41 |
91 | 254 | 700 | 3,944 | - | 4,959 | 2,614 | 2,811 | 575 | 1,544 | 829 | 2,342 | |
54/58 |
196 | 20 | 86 | 25 | 627 | 1,491 | 1,491 | 1,313 | - | 590 | 590 | 1,222 | |
| Balance sheet: equity and liabilities | |||||||||||||
10/49 |
30,864 | 34,452 | 41,654 | 51,042 | 62,366 | 127,072 | 85,022 | 73,895 | 73,348 | 116,178 | 115,463 | 56,511 | |
10/15 |
30,864 | 34,452 | 41,654 | 51,042 | 60,598 | 84,602 | 74,191 | 64,177 | 55,713 | 44,330 | 48,718 | 33,179 | |
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 | |
10 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | - | - | - | - | - | - | - | |
100 |
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 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | |
130 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | |
14 |
10,404 | 13,992 | 21,194 | 30,582 | 40,138 | 64,142 | 53,731 | 43,717 | 35,253 | 23,870 | 28,258 | 12,719 | |
17/49 |
- | - | - | - | 1,768 | 42,470 | 10,831 | 9,718 | 17,635 | 71,848 | 66,746 | 23,333 | |
42/48 |
- | - | - | - | 1,768 | 42,470 | 10,831 | 9,718 | 17,635 | 71,848 | 66,746 | 23,333 | |
43 |
- | - | - | - | - | - | - | - | 1,375 | - | - | - | |
430/8 |
- | - | - | - | - | - | - | - | 1,375 | - | - | - | |
44 |
- | - | - | - | - | 28,631 | 6,625 | 6,123 | - | 47,538 | 37,382 | 14,898 | |
440/4 |
- | - | - | - | - | 28,631 | 6,625 | 6,123 | - | 47,538 | 37,382 | 14,898 | |
45 |
- | - | - | - | - | 13,839 | 4,206 | 3,595 | 2,332 | 4,975 | 10,028 | 4,854 | |
450/3 |
- | - | - | - | - | 13,839 | 4,206 | 3,595 | 2,332 | 4,975 | 10,028 | 4,854 | |
47/48 |
- | - | - | - | 1,768 | - | - | - | 13,928 | 19,335 | 19,335 | 3,581 | |
| Income statement | |||||||||||||
70 |
- | 2,561 | 12,677 | 6,932 | 26,181 | 33,131 | 40,774 | 33,498 | 17,595 | - | 84,620 | 223,143 | |
9900 |
-3,588 | -6,458 | -8,731 | -9,340 | -23,179 | 14,072 | 14,403 | 13,158 | 14,313 | -4,210 | 21,218 | 20,875 | |
60/61 |
- | 9,019 | 21,408 | 16,272 | 49,360 | 19,059 | 26,370 | 20,338 | 3,282 | 4,209 | 63,402 | 202,268 | |
640/8 |
- | 738 | 649 | 187 | 630 | 184 | 107 | 180 | 253 | 178 | 401 | 149 | |
9901 |
-3,588 | -7,196 | -9,380 | -9,527 | -23,809 | 13,888 | 14,296 | 12,978 | 14,060 | -4,388 | 20,817 | 20,726 | |
75/76B |
- | - | - | - | 1 | - | 9 | - | - | - | - | 3 | |
75 |
- | - | - | - | 1 | - | 9 | - | - | - | - | 3 | |
65/66B |
- | 6 | 8 | 29 | 196 | 6 | 85 | 164 | 267 | - | 104 | 1,295 | |
65 |
- | 6 | 8 | 29 | 196 | 6 | 85 | 164 | 267 | - | 104 | 1,295 | |
9903 |
-3,588 | -7,202 | -9,388 | -9,556 | -24,004 | 13,882 | 14,220 | 12,814 | 13,793 | -4,388 | 20,713 | 19,434 | |
67/77 |
- | - | - | - | - | 3,471 | 4,206 | 4,350 | 2,410 | - | 5,174 | 4,855 | |
9904 |
-3,588 | -7,202 | -9,388 | -9,556 | -24,004 | 10,411 | 10,014 | 8,464 | 11,383 | -4,388 | 15,539 | 14,579 | |
9905 |
-3,588 | -7,202 | -9,388 | -9,556 | -24,004 | 10,411 | 10,014 | 8,464 | 11,383 | -4,388 | 15,539 | 14,579 | |
| Appropriation of the result | |||||||||||||
9906 |
10,404 | 13,992 | 21,194 | 30,582 | 40,138 | 64,142 | 53,731 | 43,717 | 35,253 | 23,870 | 28,258 | 14,579 | |
14P |
13,992 | 21,194 | 30,582 | 40,139 | 64,142 | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | 1,860 | |
| Document | |||||||||||||
Source: Annual accounts 2025 at the NBB, filed on 30-09-2026.
2025 annual accounts filed 61 days after the deadline. Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00545924.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-09-2026 | 2026-00545924 | |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00323401 | |
| 31-12-2023 | micro format | 28-07-2024 | 2024-00293369 | |
| 31-12-2022 | micro format | 27-07-2023 | 2023-00291272 | |
| 31-12-2021 | micro format | 28-08-2022 | 2022-20329763 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-66100141 | |
| 31-12-2019 | micro format | 30-08-2020 | 2020-50300502 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-59000531 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-42800287 | |
| 31-12-2016 | micro format | 24-09-2017 | 2017-63800432 | |
| 31-12-2015 | abbreviated format | 30-08-2016 | 2016-56400021 | |
| 31-12-2014 | abbreviated format | 07-08-2015 | 2015-41200219 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 176 | -66 | 61 | -602 | -864 | 0 | 178 | - | - | -0 | -631 | - | ||
| - | - | - | - | 60,598 | 84,602 | 74,191 | 64,177 | 55,713 | 44,330 | 48,718 | 33,179 | ||
| - | - | -74.0% | - | -90.9% | 41.9% | 35.1% | 38.7% | 79.9% | - | 24.6% | 9.3% | ||
| 100.0% | 100.0% | 100.0% | 100.0% | 97.2% | 66.6% | 87.3% | 86.8% | 76.0% | 38.2% | 42.2% | 58.7% | ||
| - | - | - | - | 35.27 | 2.99 | 7.85 | 7.60 | 4.16 | 1.62 | 1.73 | 2.42 | ||
| - | - | - | - | 0.03 | 0.50 | 0.15 | 0.15 | 0.32 | 1.62 | 1.37 | 0.70 | ||
| -11.6% | -20.9% | -22.5% | -18.7% | -39.6% | 12.3% | 13.5% | 13.2% | 20.4% | -9.9% | 31.9% | 43.9% | ||
| -11.6% | -20.9% | -22.5% | -18.7% | -38.5% | 8.2% | 11.8% | 11.5% | 15.5% | -3.8% | 13.5% | 25.8% | ||
| - | 4871 days | 1177 days | 2479 days | 861 days | 1329 days | 724 days | 760 days | 1510 days | - | 492 days | 87 days | ||
| - | - | - | - | - | 548 days | 92 days | 110 days | - | 4122 days | 215 days | 27 days |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
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.
The operating result for 2025 is a loss of €3,588, smaller than the loss of €7,196 in 2024.
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 |
|---|---|---|
| Papestraat 83 registered office 8560 Wevelgem | ||
| Noordkouter 41 8560 Wevelgem | 02-08-2013 | 2.220.886.858 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34029A0509/00T005 | 505 m² | 1 · 102 m² | 6.8 m · 1 |
| 34302B0464/00M002 | 171 m² | 1 · 189 m² | 12.2 m · 2 |
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