DVh T-engineering
ActiveSummary
DVh T-engineering has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63k and a net result of €6k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 78% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-8
Solvency100=
Growth35=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 4.67 against 4.49 in 2024; short-term debt: 20.1% and cash: 84% of total assets), and 20.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 →
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
79.9%
Return on assets
7.1%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
1 d early
2023
3 d early
2022
1 d early
2021
30 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€70k▲ 11.1%
2021 · €63k
2019: €103khighest in 4 years
2020: €51k▼ -50.7% vs 2019lowest in 4 years
2021: €63k▲ +23.9% vs 2020
2022: €70k▲ +11.1% vs 2021
2019 → 2022
EBIT margin
19.5%▲ 0.3pp
2021 · 19.2%
2019: 18.8%
2020: -21.5%▼ -214% vs 2019lowest in 4 years
2021: 19.2%▲ +189% vs 2020
2022: 19.5%▲ +1.5% vs 2021highest in 4 years
2019 → 2022
Net result
€6k▼ 45.6%
2024 · €10k
2019: €14khighest in 7 years
2020: €-11k▼ -181% vs 2019lowest in 7 years
2021: €11k▲ +195% vs 2020
2022: €10k▼ -6.8% vs 2021
2023: €11k▲ +6.8% vs 2022
2024: €10k▼ -5.3% vs 2023
2025: €6k▼ -45.6% vs 2024
2019 → 2025
Working capital
€58k▲ 4.4%
2024 · €56k
2019: €25k
2020: €14k▼ -43.9% vs 2019lowest in 7 years
2021: €25k▲ +79.4% vs 2020
2022: €32k▲ +28.3% vs 2021
2023: €45k▲ +37.8% vs 2022
2024: €56k▲ +24.2% vs 2023
2025: €58k▲ +4.4% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€63k-€70k▲ 11.1%
2021: €63k
2022: €70k▲ +11.1% vs 2021
Equity€26k-€36k▲ 39.0%€47k▲ 30.0%€57k▲ 21.8%€63k▲ 9.8%
2021: €26klowest in 5 years
2022: €36k▲ +39.0% vs 2021
2023: €47k▲ +30.0% vs 2022
2024: €57k▲ +21.8% vs 2023
2025: €63k▲ +9.8% vs 2024highest in 5 years
Operating result€12k-€14k▲ 12.8%€16k▲ 14.1%€15k▼ 5.9%€8k▼ 43.3%
2021: €12k
2022: €14k▲ +12.8% vs 2021
2023: €16k▲ +14.1% vs 2022highest in 5 years
2024: €15k▼ -5.9% vs 2023
2025: €8k▼ -43.3% vs 2024lowest in 5 years
Net result€11k-€10k▼ 6.8%€11k▲ 6.8%€10k▼ 5.3%€6k▼ 45.6%
2021: €11khighest in 5 years
2022: €10k▼ -6.8% vs 2021
2023: €11k▲ +6.8% vs 2022
2024: €10k▼ -5.3% vs 2023
2025: €6k▼ -45.6% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 43% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79k
Fixed assets
€5k ▲ 183%
Current assets
€74k ▲ 3.3%
Equity and liabilities €79k
Equity
€63k ▲ 9.8%
Debt
€16k ▼ 0.7%
Debt's share of the balance-sheet total falls from 21.7% to 20.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▼
2024 · €15k
Cash flow
€7k▼
2024 · €11k
Current ratio
4.67▲
2024 · 4.49
Debt to equity
0.25▼
2024 · 0.28
ROE
8.9%▼
2024 · 17.9%
ROA
7.1%▼
2024 · 14.0%
Interest coverage
171.91▼
2024 · 207.77
Debt ≤ 1 year
€16k▼
2024 · €16k
Income taxes
€3k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€73k€79k▲
Fixed assets21/28€2k€5k▲
Tangible fixed assets22/27€2k€5k▲
Furniture and vehicles24€2k€5k▲
Current assets29/58€71k€74k▲
Amounts receivable within one year40/41€13k€7k▼
Trade receivables40€10k€4k▼
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€58k€66k▲
Deferred charges and accrued income490/1€415€419▲
Equity and liabilities
Total equity and liabilities10/49€73k€79k▲
Equity10/15€57k€63k▲
Contributions10/11€12k€12k=
Reserves13€21k€50k▲
Distributable reserves133€21k€50k▲
Profit (loss) carried forward14€24k-
Amounts payable17/49€16k€16k▼
Amounts payable within one year42/48€16k€16k▼
Trade debts44€1k€784▼
Suppliers440/4€1k€784▼
Taxes, remuneration and social security45€14k€14k▼
Taxes450/3€5k€4k▼
Remuneration and social security454/9€10k€10k=
Other amounts payable47/48€622€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€738€954▲
Other operating charges640/8€267€283▲
Gross operating margin9900€16k€10k▼
Operating profit (loss)9901€15k€8k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€74€54▼
Recurring financial charges65€74€54▼
Profit (loss) for the period before taxes9903€15k€8k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€10k€6k▼
Profit (loss) for the period to be appropriated9905€10k€6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€34k€29k▼
Profit (loss) brought forward from the previous period14P€24k€24k=
Transfer to equity691/2€10k€29k▲
To other reserves6921€10k€29k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €63k | €70k | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €52k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €2k | €738 | €954 | ▲ 29.3% |
| Other operating charges640/8 | - | €583 | €608 | €267 | €283 | ▲ 6.0% |
| Gross operating margin9900 | €16k | €18k | €18k | €16k | €10k | ▼ 39.1% |
| Operating profit (loss)9901 | €12k | €14k | €16k | €15k | €8k | ▼ 43.3% |
| Financial income75/76B | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | €0 | - |
| Financial charges65/66B | - | €152 | €88 | €74 | €54 | ▼ 27.3% |
| Recurring financial charges65 | €211 | €152 | €88 | €74 | €54 | ▼ 27.3% |
| Profit (loss) for the period before taxes9903 | €12k | €14k | €16k | €15k | €8k | ▼ 43.4% |
| Income taxes67/77 | €1k | €3k | €5k | €4k | €3k | ▼ 38.3% |
| Profit (loss) for the period9904 | €11k | €10k | €11k | €10k | €6k | ▼ 45.6% |
| Profit (loss) for the period to be appropriated9905 | €11k | €10k | €11k | €10k | €6k | ▼ 45.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43k | €54k | €59k | €73k | €79k | ▲ 7.5% |
| Fixed assets21/28 | €4k | €4k | €2k | €2k | €5k | ▲ 183% |
| Tangible fixed assets22/27 | €4k | €4k | €2k | €2k | €5k | ▲ 183% |
| Furniture and vehicles24 | - | €3k | €2k | €2k | €5k | ▲ 183% |
| Leasing and similar rights25 | - | €995 | - | - | - | - |
| Current assets29/58 | €39k | €50k | €57k | €71k | €74k | ▲ 3.3% |
| Amounts receivable within one year40/41 | €10k | €17k | €20k | €13k | €7k | ▼ 42.6% |
| Trade receivables40 | - | €15k | €17k | €10k | €4k | ▼ 58.3% |
| Other amounts receivable41 | - | €2k | €2k | €3k | €3k | ▲ 3.9% |
| Cash at bank and in hand54/58 | €29k | €33k | €37k | €58k | €66k | ▲ 13.4% |
| Deferred charges and accrued income490/1 | - | - | - | €415 | €419 | ▲ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43k | €54k | €59k | €73k | €79k | ▲ 7.5% |
| Equity10/15 | €26k | €36k | €47k | €57k | €63k | ▲ 9.8% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | - | - | €11k | €21k | €50k | ▲ 139% |
| Distributable reserves133 | - | - | €11k | €21k | €50k | ▲ 139% |
| Profit (loss) carried forward14 | €14k | €24k | €24k | €24k | - | - |
| Amounts payable17/49 | €17k | €18k | €12k | €16k | €16k | ▼ 0.7% |
| Amounts payable after more than one year17 | €4k | €283 | - | - | - | - |
| Financial debts170/4 | - | €283 | - | - | - | - |
| Amounts payable within one year42/48 | €13k | €18k | €12k | €16k | €16k | ▼ 0.7% |
| Current portion of amounts payable after more than one year42 | - | €3k | €283 | - | - | - |
| Trade debts44 | €378 | €1k | €986 | €1k | €784 | ▼ 29.3% |
| Suppliers440/4 | - | €1k | €986 | €1k | €784 | ▼ 29.3% |
| Taxes, remuneration and social security45 | - | €13k | €11k | €14k | €14k | ▼ 2.3% |
| Taxes450/3 | - | €4k | €1k | €5k | €4k | ▼ 7.1% |
| Remuneration and social security454/9 | - | €10k | €10k | €10k | €10k | = |
| Other amounts payable47/48 | - | €82 | €82 | €622 | €1k | ▲ 86.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €10k | €11k | €10k | €6k | ▼ 45.6% |
| + Depreciation and write-downs630 | €4k | €4k | €2k | €738 | €954 | ▲ 29.3% |
| Operating cash flow (approximation) | €14k | €14k | €13k | €11k | €7k | ▼ 40.6% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-178 | €-4k | ▼ 2,199% |
| Change in cash | - | €5k | €4k | €21k | €8k | ▼ 63.3% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brugge · 1 establishment unit since 2018
Ground area
110 m²
Building footprint
66 m²
Volume, LiDAR
300 m³
Parcel 31425C0357/00H007, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DVh T-engineering
since 20182.272.466.213
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31425C0357/00H007 | Flanders | 110 m² | 1 · 65 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 269 EUR awarded · 764 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 269 EUR | 269 EUR |
| 2023 | 1 | 0 EUR | 495 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 11,546 companies in sector 71121 we hold annual accounts for 6,561. 5,046 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
Founded24-01-2018
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.