E2T Engineering
ActiveSummary
E2T Engineering has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€103,014) and a net result of -€13,070. Equity is shrinking by ~5% per year across the filed fiscal years. Its solvency ranks better than 6% of 18537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-96
Solvency0=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.38 against 0.42 in 2024; short-term debt: 261% and cash: 5.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-212%
Return on assets
-26.9%
Age of the figures
12 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€103,014
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-05-2026, 5 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
5 d late
2024
on the day
2023
on the day
2022
2 d early
2021
1 d early
2020
1 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€103,014▼ 14.5%
2024 · -€89,944
Total assets
€48,594▼ 5.1%
2024 · €51,215
Net result
-€13,070
2024 · €11,161
Working capital
-€78,917▼ 17.4%
2024 · -€67,214
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€4,765▲ 69.1%-€7,423▼ 55.8%€3,452€11,486▲ 233%-€12,730
Net result-€5,119▲ 68.2%-€7,645▼ 49.3%€3,081€11,161▲ 262%-€13,070
Equity-€96,541▼ 5.6%-€104,186▼ 7.9%-€101,105▲ 3.0%-€89,944▲ 11.0%-€103,014▼ 14.5%
Total assets€60,507▼ 15.3%€50,962▼ 15.8%€50,712▼ 0.5%€51,215▲ 1.0%€48,594▼ 5.1%
Debt€157,048▼ 3.6%€155,147▼ 1.2%€151,817▼ 2.1%€141,159▼ 7.0%€151,608▲ 7.4%
Working capital-€71,751▼ 7.7%-€79,396▼ 10.7%-€79,742▼ 0.4%-€67,214▲ 15.7%-€78,917▼ 17.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €12,730 after €11,486 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48,594
Fixed assets
€693 ▼ 66.4%
Current assets
€47,901 ▼ 2.6%
Key figures and ratios
EBITDA
-€11,363▼
2024 · €12,853
Cash flow
-€11,703▼
2024 · €12,528
Solvency
-212.0%▼
2024 · -175.6%
Current ratio
0.38▼
2024 · 0.42
Quick ratio
0.20▼
2024 · 0.23
Debt to equity
-1.47▲
2024 · -1.57
ROA
-26.9%▼
2024 · 21.8%
Interest coverage
-164.14▼
2024 · 179.59
Debt ≤ 1 year
€126,819▲
2024 · €116,370
Debt > 1 year
€24,789=
2024 · €24,789
Income taxes
€271▲
2024 · €253
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.6% |
| 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 74% 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 6,640 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | €674 | €1,367 | €1,367 | = |
| Other operating charges640/8 | €1,107 | €867 | €1,278 | €1,336 | €1,366 | ▲ 2.3% |
| Gross operating margin9900 | -€3,658 | -€6,556 | €5,404 | €14,189 | -€9,997 | ▼ 170% |
| Operating profit (loss)9901 | -€4,765 | -€7,423 | €3,452 | €11,486 | -€12,730 | ▼ 211% |
| Financial income75/76B | - | €2 | €0 | - | - | - |
| Recurring financial income75 | - | €2 | €0 | - | - | - |
| Financial charges65/66B | €152 | €0 | €127 | €72 | €69 | ▼ 3.3% |
| Recurring financial charges65 | €152 | €0 | €127 | €72 | €69 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | -€4,917 | -€7,421 | €3,325 | €11,415 | -€12,799 | ▼ 212% |
| Income taxes67/77 | €203 | €224 | €245 | €253 | €271 | ▲ 7.0% |
| Profit (loss) for the period9904 | -€5,119 | -€7,645 | €3,081 | €11,161 | -€13,070 | ▼ 217% |
| Profit (loss) for the period to be appropriated9905 | -€5,119 | -€7,645 | €3,081 | €11,161 | -€13,070 | ▼ 217% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,507 | €50,962 | €50,712 | €51,215 | €48,594 | ▼ 5.1% |
| Fixed assets21/28 | - | - | €3,426 | €2,059 | €693 | ▼ 66.4% |
| Tangible fixed assets22/27 | - | - | €3,426 | €2,059 | €693 | ▼ 66.4% |
| Furniture and vehicles24 | - | - | €3,426 | €2,059 | €693 | ▼ 66.4% |
| Current assets29/58 | €60,507 | €50,962 | €47,286 | €49,156 | €47,901 | ▼ 2.6% |
| Stocks and contracts in progress3 | €35,000 | €27,500 | €22,500 | €22,500 | €22,500 | = |
| Stocks30/36 | €25,000 | €20,000 | €17,500 | €17,500 | €17,500 | = |
| Contracts in progress37 | €10,000 | €7,500 | €5,000 | €5,000 | €5,000 | = |
| Amounts receivable within one year40/41 | €21,039 | €22,044 | €20,678 | €18,659 | €22,222 | ▲ 19.1% |
| Trade receivables40 | €20,990 | €21,756 | €20,678 | €18,659 | €20,571 | ▲ 10.2% |
| Other amounts receivable41 | €49 | €288 | €0 | - | €1,651 | - |
| Cash at bank and in hand54/58 | €3,567 | €514 | €3,179 | €7,235 | €2,596 | ▼ 64.1% |
| Deferred charges and accrued income490/1 | €902 | €904 | €929 | €762 | €584 | ▼ 23.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,507 | €50,962 | €50,712 | €51,215 | €48,594 | ▼ 5.1% |
| Equity10/15 | -€96,541 | -€104,186 | -€101,105 | -€89,944 | -€103,014 | ▼ 14.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | - | - |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | - | - |
| Distributable reserves133 | - | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | -€116,992 | -€124,637 | -€121,556 | -€110,395 | -€123,465 | ▼ 11.8% |
| Amounts payable17/49 | €157,048 | €155,147 | €151,817 | €141,159 | €151,608 | ▲ 7.4% |
| Amounts payable after more than one year17 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Financial debts170/4 | €24,789 | €24,789 | €24,789 | €24,789 | €24,789 | = |
| Amounts payable within one year42/48 | €132,259 | €130,358 | €127,027 | €116,370 | €126,819 | ▲ 9.0% |
| Trade debts44 | €8,930 | €11,062 | €0 | €1,313 | €5,951 | ▲ 353% |
| Suppliers440/4 | €8,930 | €11,062 | €0 | €1,313 | €5,951 | ▲ 353% |
| Taxes, remuneration and social security45 | €1,108 | €1,329 | €2,329 | €743 | €702 | ▼ 5.5% |
| Taxes450/3 | €1,108 | €1,329 | €2,329 | €743 | €702 | ▼ 5.5% |
| Other amounts payable47/48 | €122,221 | €117,967 | €124,698 | €114,313 | €120,166 | ▲ 5.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,119 | -€7,645 | €3,081 | €11,161 | -€13,070 | ▼ 217% |
| + Depreciation and write-downs630 | €0 | - | €674 | €1,367 | €1,367 | = |
| Operating cash flow (approximation) | -€5,119 | -€7,645 | €3,755 | €12,528 | -€11,703 | ▼ 193% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | - |
| Change in cash | - | -€3,053 | €2,665 | €4,056 | -€4,639 | ▼ 214% |
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
05-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 5 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €11,161 ▲262%
Operating result €11,486, net result €11,161, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €3,081
Net result €3,081 after 5 loss-making years.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet -€16,088
Net result drops to -€16,088, the lowest in the series; recovery starts the following year.
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-03
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.
0 of 1 act read
About the unread acts
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.
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Directors · office · real estate
Directors
1 act for this company is 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, Laarne · 1 establishment unit since 1989
Ground area
9,584 m²
Building footprint
254 m²
Volume, LiDAR
1,369 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ELECTRONIC ENGINEERING TECHNOL
since 19892.045.869.263
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42009B0792/00B000 | Flanders | 7,307 m² | - | - |
| 42009B0799/00A000 | Flanders | 2,278 m² | 1 · 254 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 3,223 companies in sector 47400 we hold annual accounts for 1,806. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-11-1989
Fiscal year end30-09
Legal name NL
ELECTRONIC ENGINEERING TECHNOLOGIES
Abbreviation NL
E2T
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0438850764
Also
9925:BE0438850764
Registered
19-09-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.