Checked.be
Active
BE 0863.008.901Private limited company
E B L Engineering
Bovendonkstraat 76 ·9255 Buggenhout, Belgium· 22 yrs active
Sector: Installation of industrial machinery and equipment
(33200)
Conclusion
E B L Engineering has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €298k and a net result of €12k. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 56% of 1258 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €298k |
| Net result | €12k |
| Better than sector | 56% |
| Active | 22 yrs |
Financial profile
67
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
68
Profitability
21
Solvency
96
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2004, 22 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
68
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€20k
estimate, not credit advice
Score history
86
2021
100
2022
86
2023
89
2024
68
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.08 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.08 (≥ 1.0)
+5
Leverage
Debt/equity 0.93 (< 1.0)
+10
Profitability
ROE 4%
+3
Interest coverage
Interest coverage 1.5× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 07-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~10%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 33, Repair, maintenance and installation of machinery and equipment · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 51.9% | 45.8% | |
| Net result | €12k | €16k | |
| Equity | €298k | €57k | |
| Gross operating margin | €26k | €46k | |
| Total assets | €574k | €142k |
€25k
-43.4%
21-25
€12k
-57.0%
21-25
€13k
-55.0%
21-25
€574k
+8.4%
21-25
€298k
+4.3%
21-25
€298k
+3.6%
21-25
€5k
-60.0%
21-25
€276k
+13.2%
21-25
€275k
+14.6%
21-25
2.08
-5.2%
21-25
2.08
-5.2%
21-25
51.9%
-3.8%
21-25
0.93
+8.5%
21-25
4.1%
-58.8%
21-25
2.1%
-60.4%
21-25
1.47
-49.8%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €25k | €45k | €19k | €38k | €25k |
| Net profit | €12k | €28k | €15k | €27k | €19k |
| Cash flow | €13k | €29k | €17k | €28k | €20k |
| Staff costs | - | - | - | - | - |
| Income taxes | €5k | €11k | €7k | €10k | €5k |
| Dividends | - | - | - | - | - |
| Total assets | €574k | €530k | €428k | €332k | €283k |
| Equity | €298k | €286k | €257k | €242k | €215k |
| Debt | €276k | €244k | €171k | €90k | €69k |
| of which ≤ 1y | €275k | €240k | €170k | €90k | €69k |
| of which > 1y | - | - | - | - | - |
| Working capital | €298k | €287k | €254k | €241k | €212k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.08 | 2.20 | 2.49 | 3.66 | 4.09 |
| Quick ratio | 2.08 | 2.20 | 2.48 | 3.65 | 4.07 |
| Working capital ratio | 51.9% | 54.3% | 59.3% | 72.5% | 74.9% |
| Solvency | 51.9% | 53.9% | 60.1% | 72.8% | 75.8% |
| Debt / equity | 0.93 | 0.85 | 0.66 | 0.37 | 0.32 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 1.47 | 2.93 | 4.27 | 1006.95 | 869.28 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.1% | 5.4% | 3.6% | 8.1% | 6.7% |
| ROE | 4.1% | 10.0% | 6.0% | 11.1% | 8.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €574k | €530k | €428k | €332k | €283k |
| Fixed assets | 21/28 | €1k | €2k | €3k | €1k | €3k |
| Tangible fixed assets | 22/27 | €1k | €2k | €3k | €1k | €3k |
| Current assets | 29/58 | €573k | €527k | €424k | €331k | €281k |
| Stocks & contracts in progress | 3 | - | €189 | €694 | €1k | €2k |
| Amounts receivable within one year | 40/41 | €45k | €31k | €38k | €33k | €25k |
| Investments | 50/53 | €458k | €440k | €150k | - | - |
| Cash & bank | 54/58 | €66k | €48k | €236k | €297k | €255k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €574k | €530k | €428k | €332k | €283k |
| Equity | 10/15 | €298k | €286k | €257k | €242k | €215k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k | €12k |
| Reserves | 13 | €83k | €72k | €44k | €29k | €2k |
| Accumulated profits (losses) | 14 | €202k | €201k | €201k | €201k | €201k |
| Amounts payable | 17/49 | €276k | €244k | €171k | €90k | €69k |
| Amounts payable within one year | 42/48 | €275k | €240k | €170k | €90k | €69k |
| Trade debts payable within one year | 44 | €1k | €2k | €4k | €2k | €2k |
| Income statement | ||||||
| Gross operating margin | 9900 | €26k | €45k | €20k | €39k | €26k |
| Operating result | 9901 | €24k | €43k | €18k | €37k | €24k |
| Financial income | 75 | €10k | €12k | €6k | €257 | €215 |
| Financial charges | 65 | €17k | €15k | €4k | €38 | €29 |
| Result before taxes | 9903 | €17k | €40k | €22k | €37k | €24k |
| Income taxes | 67/77 | €5k | €11k | €7k | €10k | €5k |
| Net result for the period | 9904 | €12k | €28k | €15k | €27k | €19k |
| Result to be appropriated | 9905 | €12k | €28k | €15k | €27k | €19k |
Legal Structure
| NACE primary | Installation of industrial machinery and equipment(33200) |
| Legal form | Private limited company(610) |
| Incorporation | 27-01-2004 |
| Status | Active |
| Postal code | 9255 |
Establishment units
E B L Engineering
since 20042.135.558.928
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42004D0252/02S000 | Flanders | 2,559 m² | 1 · 211 m² | 9.4 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €12k ▼57%
Net result drops to €12k, the lowest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €28k ▲85%
Operating result €43k, net result €28k, both a record.
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Installation of industrial machinery and equipment3320033300
Names & trade names
| Legal nameNL | E B L Engineering |
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