DLE ENGINEERING
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 31-03-2026 PDF all 17 filings
Turnover
≈ €130,000
Estimated: probably between €83,000 and €170,000
Total assets
€223,765▼ 3.4%
2024 · €231,753
Net result
€29,924▼ 24.0%
2024 · €39,361
Working capital
€121,131▼ 32.1%
2024 · €178,328
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€39,256
▼ 31.8%
2025
20182025
Net result
€29,924
▼ 24.0%
2025
middle half of the sector
20182025
Equity
€122,189
▼ 32.4%
2025
middle half of the sector
20182025
Total assets
€223,765
▼ 3.4%
2025
middle half of the sector
20182025
Debt
€101,576
▲ 99.3%
2025
20182025
Working capital
€121,131
▼ 32.1%
2025
highest quarter of the sector
20182025
Solvency
54.6%
▼ 23.4pp
2025
middle half of the sector
20182025
Current ratio
2.19
▼ 2.31
2025
middle half of the sector
20182025
Return on assets (ROA)
13.4%
▼ 3.6pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€57,059-€51,880▼ 9.1%€25,411▼ 51.0%€44,081▲ 73.5%€60,668▲ 37.6%€68,840▲ 13.5%€57,553▼ 16.4%€39,256▼ 31.8%
Net result€35,564-€33,249▼ 6.5%€17,316within the sector's middle half▼ 47.9%€29,908within the sector's middle half▲ 72.7%€41,288above the sector's middle half▲ 38.0%€46,527above the sector's middle half▲ 12.7%€39,361within the sector's middle half▼ 15.4%€29,924within the sector's middle half▼ 24.0%
Equity€189,524-€199,605▲ 5.3%€173,205above the sector's middle half▼ 13.2%€152,660above the sector's middle half▼ 11.9%€165,384above the sector's middle half▲ 8.3%€175,514above the sector's middle half▲ 6.1%€180,777above the sector's middle half▲ 3.0%€122,189within the sector's middle half▼ 32.4%
Total assets€258,310-€239,132▼ 7.4%€223,326within the sector's middle half▼ 6.6%€247,473within the sector's middle half▲ 10.8%€280,095within the sector's middle half▲ 13.2%€322,405above the sector's middle half▲ 15.1%€231,753within the sector's middle half▼ 28.1%€223,765within the sector's middle half▼ 3.4%
Debt€68,786-€39,526▼ 42.5%€50,121▲ 26.8%€94,813▲ 89.2%€114,710▲ 21.0%€146,891▲ 28.1%€50,977▼ 65.3%€101,576▲ 99.3%
Working capital€183,085-€196,386▲ 7.3%€173,205above the sector's middle half▼ 11.8%€152,660above the sector's middle half▼ 11.9%€165,384above the sector's middle half▲ 8.3%€174,667above the sector's middle half▲ 5.6%€178,328above the sector's middle half▲ 2.1%€121,131above the sector's middle half▼ 32.1%
Solvency73.4%-83.5%▲ 10.1pp77.6%above the sector's middle half▼ 5.9pp61.7%within the sector's middle half▼ 15.9pp59.0%within the sector's middle half▼ 2.6pp54.4%within the sector's middle half▼ 4.6pp78.0%above the sector's middle half▲ 23.6pp54.6%within the sector's middle half▼ 23.4pp
Current ratio3.66-5.97▲ 2.314.46above the sector's middle half▼ 1.512.61within the sector's middle half▼ 1.852.44within the sector's middle half▼ 0.172.19within the sector's middle half▼ 0.254.50above the sector's middle half▲ 2.312.19within the sector's middle half▼ 2.31
Return on assets (ROA)13.8%-13.9%▲ 0.1pp7.8%within the sector's middle half▼ 6.2pp12.1%within the sector's middle half▲ 4.3pp14.7%within the sector's middle half▲ 2.7pp14.4%within the sector's middle half▼ 0.3pp17.0%within the sector's middle half▲ 2.6pp13.4%within the sector's middle half▼ 3.6pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 32% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €223,765
Fixed assets
€1,058 ▼ 56.8%
Current assets
€222,707 ▼ 2.9%
Equity and liabilities €223,765
Equity
€122,189 ▼ 32.4%
Debt
€101,576 ▲ 99.3%
Debt's share of the balance-sheet total rises from 22.0% to 45.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€40,647▼
2024 · €58,866
Cash flow
€31,314▼
2024 · €40,675
Debt to equity
0.83▲
2024 · 0.28
ROE
24.5%▲
2024 · 21.8%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€101,576▲
2024 · €50,977
Income taxes
€14,089▼
2024 · €18,493
Staff costs
€666▼
2024 · €960
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | - | €1,257 | €2,915 | - |
| Financial fixed assets | - | - | - | €0 |
| Depreciation and write-downs of the year | - | €410 | €1,313 | €1,390 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €640 | €653 | €960 | €666 | ▼ 30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,220 | €3,220 | €3,220 | €0 | - | €410 | €1,313 | €1,390 | ▲ 5.9% |
| Other operating charges640/8 | - | - | - | - | €548 | €487 | €524 | €558 | ▲ 6.5% |
| Gross operating margin9900 | €61,046 | €56,012 | €29,496 | €45,083 | €61,857 | €70,389 | €60,350 | €41,871 | ▼ 30.6% |
| Operating profit (loss)9901 | €57,059 | €51,880 | €25,411 | €44,081 | €60,668 | €68,840 | €57,553 | €39,256 | ▼ 31.8% |
| Financial income75/76B | - | - | - | - | €59 | €0 | €352 | €4,799 | ▲ 14× |
| Recurring financial income75 | €0 | €104 | €117 | €134 | €59 | €0 | €352 | €4,799 | ▲ 14× |
| Financial charges65/66B | - | - | - | - | €48 | €477 | €51 | €43 | ▼ 15.3% |
| Recurring financial charges65 | €537 | €88 | €72 | €57 | €48 | €477 | €51 | €43 | ▼ 15.3% |
| Profit (loss) for the period before taxes9903 | €56,522 | €51,896 | €25,455 | €44,157 | €60,679 | €68,363 | €57,854 | €44,013 | ▼ 23.9% |
| Income taxes67/77 | €20,958 | €18,647 | €8,139 | €14,249 | €19,392 | €21,836 | €18,493 | €14,089 | ▼ 23.8% |
| Profit (loss) for the period9904 | €35,564 | €33,249 | €17,316 | €29,908 | €41,288 | €46,527 | €39,361 | €29,924 | ▼ 24.0% |
| Profit (loss) for the period to be appropriated9905 | €35,564 | €33,249 | €17,316 | €29,908 | €41,288 | €46,527 | €39,361 | €29,924 | ▼ 24.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €258,310 | €239,132 | €223,326 | €247,473 | €280,095 | €322,405 | €231,753 | €223,765 | ▼ 3.4% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €6,439 | €3,220 | €0 | - | - | €847 | €2,448 | €1,058 | ▼ 56.8% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €6,439 | €3,220 | €0 | - | - | €847 | €2,448 | €1,058 | ▼ 56.8% |
| Furniture and vehicles24 | - | - | - | - | - | €847 | €2,448 | €1,058 | ▼ 56.8% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €251,871 | €235,912 | €223,326 | €247,473 | €280,095 | €321,558 | €229,305 | €222,707 | ▼ 2.9% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €19,390 | €16,182 | €15,492 | €11,555 | €11,232 | €7,405 | €6,076 | €4,548 | ▼ 25.1% |
| Trade receivables40 | - | - | - | - | €11,232 | €4,556 | €5,912 | €4,548 | ▼ 23.1% |
| Other amounts receivable41 | - | - | - | - | - | €2,849 | €164 | €0 | ▼ 100% |
| Current investments50/53 | €0 | - | - | - | - | - | €150,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €232,480 | €219,731 | €207,834 | €235,918 | €268,862 | €314,154 | €73,229 | €218,159 | ▲ 198% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €258,310 | €239,132 | €223,326 | €247,473 | €280,095 | €322,405 | €231,753 | €223,765 | ▼ 3.4% |
| Equity10/15 | €189,524 | €199,605 | €173,205 | €152,660 | €165,384 | €175,514 | €180,777 | €122,189 | ▼ 32.4% |
| Contributions10/11 | €6,200 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €183,324 | €193,405 | €167,005 | €146,460 | €159,184 | €169,314 | €174,577 | €115,989 | ▼ 33.6% |
| Non-distributable reserves130/1 | - | - | - | - | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | €157,324 | €169,314 | €174,577 | €115,989 | ▼ 33.6% |
| Profit (loss) carried forward14 | €0 | - | - | - | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €68,786 | €39,526 | €50,121 | €94,813 | €114,710 | €146,891 | €50,977 | €101,576 | ▲ 99.3% |
| Amounts payable after more than one year17 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €68,786 | €39,526 | €50,121 | €94,813 | €114,710 | €146,891 | €50,977 | €101,576 | ▲ 99.3% |
| Trade debts44 | €377 | €634 | €335 | €1,094 | €1,450 | €2,618 | €1,107 | €1,012 | ▼ 8.6% |
| Suppliers440/4 | - | - | - | - | €1,450 | €2,618 | €1,107 | €1,012 | ▼ 8.6% |
| Taxes, remuneration and social security45 | - | - | - | - | €7,996 | €4,514 | €4,171 | €6,248 | ▲ 49.8% |
| Taxes450/3 | - | - | - | - | €7,996 | €4,514 | €4,171 | €6,248 | ▲ 49.8% |
| Other amounts payable47/48 | - | - | - | - | €105,264 | €139,760 | €45,699 | €94,316 | ▲ 106% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,564 | €33,249 | €17,316 | €29,908 | €41,288 | €46,527 | €39,361 | €29,924 | ▼ 24.0% |
| + Depreciation and write-downs630 | €3,220 | €3,220 | €3,220 | €0 | - | €410 | €1,313 | €1,390 | ▲ 5.9% |
| Operating cash flow (approximation) | €38,784 | €36,468 | €20,536 | €29,908 | €41,288 | €46,936 | €40,675 | €31,314 | ▼ 23.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - | - | - | -€2,915 | €0 | - |
| Change in cash | - | -€12,750 | -€11,897 | €28,084 | €32,945 | €45,291 | -€240,924 | €144,930 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 34,693 companies had the same profile as DLE ENGINEERING has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of DLE ENGINEERING itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 34,693 companies, not a prediction for DLE 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-03-2026 | 2026-00070111 | |
| 31-12-2024 | micro format | 11-04-2025 | 2025-00068301 | |
| 31-12-2023 | micro format | 11-06-2024 | 2024-00123209 | |
| 31-12-2022 | micro format | 02-05-2023 | 2023-00077214 | |
| 31-12-2021 | micro format | 30-03-2022 | 2022-09200192 | |
| 31-12-2020 | micro format | 10-06-2021 | 2021-18800295 | |
| 31-12-2019 | micro format | 10-06-2020 | 2020-16300029 | |
| 31-12-2018 | micro format | 13-05-2019 | 2019-13100039 | |
| 31-12-2017 | micro format | 27-02-2018 | 2018-06200110 | |
| 31-12-2016 | micro format | 24-04-2017 | 2017-10200118 |