E & T Engineering

Active

Private limited company (pre-2019)founded 20188 yrs activeVolhardingstraat 85, 2020 Antwerpen, BelgiumKBO/BCE: BE 0698.695.948

Summary

E & T Engineering has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €76,738 and a net result of €812. Equity is growing by ~16.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysis Watch Report Compare

E & T EngineeringActiveChecked score 74/100

Risk analysis Report Compare

Checked score

Score 2024

74 / 100

Healthy

Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability40▼-3

Solvency100=

Growth52=

Track record100

Bankruptcy probability, 12 months

1.4% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €5,000 at 30 days acceptable

short-term debt: 0.5% of total assets, and 0.5% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Three signals. The signal on the left, the evidence on the right.

+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 6 filings

Deviation from the deadline

2025

not confirmed

2024

50 d late

2023

24 d early

2021

58 d late

2020

34 d late

2019

108 d late

2018

36 d early

← before the deadline after the deadline →

tick = median of all Belgian filings

This company filed its last 6 accounts on average 32 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

On 21 June 2018, E & T Engineering was incorporated.¹ Total assets went from EUR 25,959 in 2018 to EUR 77,087 in 2024.²

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, micro schema

Equity

€76,738▲ 1.1%

2023 · €75,926

Total assets

€77,087▲ 0.8%

2023 · €76,508

Net result

€812▼ 53.0%

2023 · €1,727

Working capital

€76,738▲ 1.1%

2023 · €75,926

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before

favourable unfavourable

Line20192020202120232024

Operating result€47,346▲ 274%€11,246▼ 76.2%€16,471▲ 46.5%-€1,527--€3,242▼ 112%

Net result€39,543▲ 219%€12,955▼ 67.2%€14,774▲ 14.0%€1,727-€812▼ 53.0%

Equity€38,953▲ 241%€59,860▲ 53.7%€74,634▲ 24.7%€75,926-€76,738▲ 1.1%

Total assets€90,839▲ 250%€80,542▼ 11.3%€79,682▼ 1.1%€76,508-€77,087▲ 0.8%

Debt€51,885▲ 257%€20,682▼ 60.1%€5,048▼ 75.6%€582-€349▼ 40.0%

Working capital€38,444▲ 259%€57,515▲ 49.6%€72,289▲ 25.7%€75,926-€76,738▲ 1.1%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €3,242 in 2024 against €1,527 in 2023; the loss grows and 2024 has the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €77,087

99.5%

Equity €76,738 ▲ 1.1%

Debt €349 ▼ 40.0%

Debt's share of the balance-sheet total falls from 0.8% to 0.5%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

Debt to equity

0.00▼

2023 · 0.01

ROE

1.1%▼

2023 · 2.3%

ROA

1.1%▼

2023 · 2.3%

Debt ≤ 1 year

€349▼

2023 · €582

Income taxes

€349▼

2023 · €521

A ratio outside any meaningful range has been withheld (balance sheet total €77,087, equity €76,738).

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 5,049 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.

Micro
5 to 10 years old
solvency 30% or more
a profit under 5% of the balance sheet

2.0% went bankrupt

3.7% stopped otherwise

94% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.4%
3	0.5%	0.5%
4	0.6%	0.7%
5	0.8%	0.9%
6	1.2%	1.3%
7	1.5%	1.7%
8	1.7%	1.7%
9	2.7%	2.8%
10	5.3%	5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines

Balance sheet Code20232024

Assets

Total assets20/58€76,508€77,087▲

Fixed assets21/28€0-

Tangible fixed assets22/27€0-

Plant, machinery and equipment23€0-

Current assets29/58€76,508€77,087▲

Amounts receivable within one year40/41€76,508€77,087▲

Other amounts receivable41€76,508€77,087▲

Equity and liabilities

Total equity and liabilities10/49€76,508€77,087▲

Equity10/15€75,926€76,738▲

Contributions10/11€18,600€18,600=

Outside capital11€18,600€18,600=

Other1109/19€18,600€18,600=

Reserves13€639€639=

Non-distributable reserves130/1€639€639=

Reserves not available under the articles1311€639€639=

Profit (loss) carried forward14€56,687€57,499▲

Amounts payable17/49€582€349▼

Amounts payable within one year42/48€582€349▼

Financial debts43€61-

Credit institutions430/8€61-

Taxes, remuneration and social security45€521€349▼

Taxes450/3€521€349▼

Income statement Code20232024

Gross operating margin9900-€1,527-€3,242▼

Operating profit (loss)9901-€1,527-€3,242▼

Financial income75/76B€3,984€4,654▲

Recurring financial income75€3,984€4,654▲

Financial charges65/66B€209€252▲

Recurring financial charges65€209€252▲

Profit (loss) for the period before taxes9903€2,247€1,161▼

Income taxes67/77€521€349▼

Profit (loss) for the period9904€1,727€812▼

Profit (loss) for the period to be appropriated9905€1,727€812▼

Appropriation of the result

Profit (loss) to be appropriated9906€56,687€57,499▲

Profit (loss) brought forward from the previous period14P€54,961€56,687▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2019	2020	2021	2023	2024	Change
Remuneration, social security and pensions62	-	-	€5,904	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€1,209	€509	-	-	-	-
Other operating charges640/8	-	-	€1,449	-	-	-
Gross operating margin9900	€48,691	€11,894	€23,823	-€1,527	-€3,242	▼ 112%
Operating profit (loss)9901	€47,346	€11,246	€16,471	-€1,527	-€3,242	▼ 112%
Financial income75/76B	-	-	€2,966	€3,984	€4,654	▲ 16.8%
Recurring financial income75	-	€5,210	€2,966	€3,984	€4,654	▲ 16.8%
Financial charges65/66B	-	-	€494	€209	€252	▲ 20.3%
Recurring financial charges65	€142	€253	€494	€209	€252	▲ 20.3%
Profit (loss) for the period before taxes9903	€47,204	€16,203	€18,944	€2,247	€1,161	▼ 48.3%
Income taxes67/77	€7,660	€3,248	€4,170	€521	€349	▼ 33.0%
Profit (loss) for the period9904	€39,543	€12,955	€14,774	€1,727	€812	▼ 53.0%
Profit (loss) for the period to be appropriated9905	€39,543	€12,955	€14,774	€1,727	€812	▼ 53.0%

Line	2019	2020	2021	2023	2024	Change
Assets
Total assets20/58	€90,839	€80,542	€79,682	€76,508	€77,087	▲ 0.8%
Fixed assets21/28	€509	€2,345	€2,345	€0	-	-
Tangible fixed assets22/27	€509	-	€0	€0	-	-
Plant, machinery and equipment23	-	-	-	€0	-	-
Financial fixed assets28	-	€2,345	€2,345	-	-	-
Current assets29/58	€90,330	€78,197	€77,337	€76,508	€77,087	▲ 0.8%
Amounts receivable within one year40/41	€37,409	€40,094	€72,603	€76,508	€77,087	▲ 0.8%
Other amounts receivable41	-	-	€72,603	€76,508	€77,087	▲ 0.8%
Cash at bank and in hand54/58	€52,844	€38,103	€4,635	-	-	-
Deferred charges and accrued income490/1	-	-	€99	-	-	-
Equity and liabilities
Total equity and liabilities10/49	€90,839	€80,542	€79,682	€76,508	€77,087	▲ 0.8%
Equity10/15	€38,953	€59,860	€74,634	€75,926	€76,738	▲ 1.1%
Contributions10/11	€10,648	€18,600	€18,600	€18,600	€18,600	=
Capital10	-	-	€18,600	-	-	-
Issued capital100	-	-	€18,600	-	-	-
Outside capital11	-	-	-	€18,600	€18,600	=
Other1109/19	-	-	-	€18,600	€18,600	=
Reserves13	€639	€639	€639	€639	€639	=
Non-distributable reserves130/1	-	-	€639	€639	€639	=
Legal reserve130	-	-	€639	-	-	-
Reserves not available under the articles1311	-	-	-	€639	€639	=
Profit (loss) carried forward14	€27,666	€40,621	€55,395	€56,687	€57,499	▲ 1.4%
Amounts payable17/49	€51,885	€20,682	€5,048	€582	€349	▼ 40.0%
Amounts payable within one year42/48	€51,885	€20,682	€5,048	€582	€349	▼ 40.0%
Financial debts43	-	-	-	€61	-	-
Credit institutions430/8	-	-	-	€61	-	-
Trade debts44	€13,476	€10,766	€1,485	-	-	-
Suppliers440/4	-	-	€1,485	-	-	-
Taxes, remuneration and social security45	-	-	€3,564	€521	€349	▼ 33.0%
Taxes450/3	-	-	€3,564	€521	€349	▼ 33.0%

Line	2019	2020	2021	2023	2024	Change
Profit (loss) for the period9904	€39,543	€12,955	€14,774	€1,727	€812	▼ 53.0%
+ Depreciation and write-downs630	€1,209	€509	-	-	-	-
Operating cash flow (approximation)	€40,752	€13,464	€14,774	€1,727	€812	▼ 53.0%
Investment in fixed assets (approximation)	-	-€2,345	€0	-	-	-
Change in cash	-	-€14,741	-€33,468	-	-	-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 11Financial 5Filings 6

2025

19-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 50 days late

2024

31-12

Financial Weakest financial yearnet €812 ▼53%

Net result drops to €812, the lowest in the series.

07-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Liquidity times 9current ratio 131.48

Current ratio from 15.32 to 131.48; short-term debt falls from €5,048 to €582.

2022

27-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 58 days late

2021

31-12

Financial Liquidity quadruplescurrent ratio 15.32

Current ratio from 3.78 to 15.32; short-term debt falls from €20,682 to €5,048.

03-09

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 34 days late

2020

31-12

Financial Liquidity doublescurrent ratio 3.78

Current ratio from 1.74 to 3.78; short-term debt falls from €51,885 to €20,682.

16-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 108 days late

2019

31-12

Financial Highest result since 2018net €39,543 ▲219%

Operating result €47,346, net result €39,543, both a record.

25-06

NBB filing Annual accounts filed

fiscal year 2018 · 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.

Have them read with priority Sign in to place this company at the front of the reading queue.

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, Antwerpen

exact location from the address register On OpenStreetMap

Ground area

247 m²

Building footprint

228 m²

Volume, LiDAR

2,122 m³

Parcel 11809I2061/00M000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.

2 companies at this address See who is registered here

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11809I2061/00M000	Flanders	247 m²	1 · 228 m²	10.2 m · 3 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.

Identification & contact

Identification

Legal formPrivate limited company (pre-2019)

Founded21-06-2018

Fiscal year end31-12

E-invoicing

Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Scores and ratios are computed by Checked and are not a credit decision.