ELG Engineers
ActiveSummary
ELG Engineers has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12,076 and a net result of €18,127. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 11% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+24
Solvency29▲+6
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.25 against 0.36 in 2024; short-term debt: 31.8% and cash: 1.4% of total assets), and 96.1% of the assets are financed with debt.
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Signals
Six 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 →
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
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
3.9%
Return on assets
5.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 9559 sector peers (2025).
NBB · sector comparisonPosition among 9559 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
8 d early
2024
2 d early
2023
9 d early
2022
33 d early
2021
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 23 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€12,076
2024 · -€6,052
Total assets
€307,090▼ 8.3%
2024 · €334,799
Net result
€18,127▲ 3,371%
2024 · €522
Working capital
-€73,657▲ 15.0%
2024 · -€86,639
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,571-€2,297▼ 65.0%-€3,960€12,742€33,902▲ 166%
Net result€4,100within the sector's middle half-€561below the sector's middle half▼ 86.3%-€14,735below the sector's middle half€522below the sector's middle half€18,127within the sector's middle half▲ 3,371%
Equity€7,600below the sector's middle half-€8,161below the sector's middle half▲ 7.4%-€6,574below the sector's middle half-€6,052below the sector's middle half▲ 7.9%€12,076below the sector's middle half
Total assets€26,588below the sector's middle half-€34,647below the sector's middle half▲ 30.3%€322,298above the sector's middle half▲ 830%€334,799above the sector's middle half▲ 3.9%€307,090within the sector's middle half▼ 8.3%
Debt€18,988-€26,486▲ 39.5%€328,872▲ 1,142%€340,850▲ 3.6%€295,015▼ 13.4%
Working capital€5,210below the sector's middle half-€6,973within the sector's middle half▲ 33.9%-€84,178below the sector's middle half-€86,639below the sector's middle half▼ 2.9%-€73,657below the sector's middle half▲ 15.0%
Solvency28.6%within the sector's middle half-23.6%below the sector's middle half▼ 5.0pp-2.0%below the sector's middle half▼ 25.6pp-1.8%below the sector's middle half▲ 0.2pp3.9%below the sector's middle half▲ 5.7pp
Current ratio1.28within the sector's middle half-1.26within the sector's middle half▼ 0.010.41below the sector's middle half▼ 0.850.36below the sector's middle half▼ 0.060.25below the sector's middle half▼ 0.11
Return on assets (ROA)15.4%within the sector's middle half-1.6%within the sector's middle half▼ 13.8pp-4.6%below the sector's middle half▼ 6.2pp0.2%below the sector's middle half▲ 4.7pp5.9%within the sector's middle half▲ 5.7pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 166% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €307,090
Fixed assets
€282,971 ▼ 1.2%
Current assets
€24,119 ▼ 50.1%
Equity and liabilities €307,090
Equity
€12,076
Debt
€295,015
Debt finances 96.1% of the balance-sheet total.
Key figures and ratios
EBITDA
€42,769▲
2024 · €21,382
Cash flow
€26,994▲
2024 · €9,162
Debt to equity
24.43▲
2024 · -56.32
ROE
150.1%
Interest coverage
3.78▲
2024 · 1.76
Debt ≤ 1 year
€97,776▼
2024 · €135,016
Debt > 1 year
€196,687▼
2024 · €205,835
Income taxes
€4,474▲
2024 · €128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,153 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €160 | €0 | - | €191 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €891 | €1,118 | €11,702 | €8,640 | €8,867 | ▲ 2.6% |
| Other operating charges640/8 | €490 | €299 | €1,445 | €699 | €1,998 | ▲ 186% |
| Non-recurring operating charges66A | - | - | - | - | €1,171 | - |
| Gross operating margin9900 | €7,952 | €3,714 | €9,187 | €22,080 | €45,938 | ▲ 108% |
| Operating profit (loss)9901 | €6,571 | €2,297 | -€3,960 | €12,742 | €33,902 | ▲ 166% |
| Financial income75/76B | €0 | €244 | €35 | €30 | €4 | ▼ 86.1% |
| Recurring financial income75 | €0 | €244 | €35 | €30 | €4 | ▼ 86.1% |
| Financial charges65/66B | €226 | €630 | €10,687 | €12,122 | €11,305 | ▼ 6.7% |
| Recurring financial charges65 | €226 | €630 | €10,687 | €12,122 | €11,305 | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €6,345 | €1,912 | -€14,612 | €650 | €22,601 | ▲ 3,375% |
| Income taxes67/77 | €2,245 | €1,351 | €123 | €128 | €4,474 | ▲ 3,395% |
| Profit (loss) for the period9904 | €4,100 | €561 | -€14,735 | €522 | €18,127 | ▲ 3,371% |
| Profit (loss) for the period to be appropriated9905 | €4,100 | €561 | -€14,735 | €522 | €18,127 | ▲ 3,371% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €26,588 | €34,647 | €322,298 | €334,799 | €307,090 | ▼ 8.3% |
| Fixed assets21/28 | €2,462 | €1,345 | €262,791 | €286,422 | €282,971 | ▼ 1.2% |
| Tangible fixed assets22/27 | €2,462 | €1,345 | €261,691 | €285,322 | €281,871 | ▼ 1.2% |
| Land and buildings22 | - | - | €261,439 | €285,322 | €276,539 | ▼ 3.1% |
| Furniture and vehicles24 | €2,462 | €1,345 | €251 | €0 | €5,332 | - |
| Financial fixed assets28 | - | - | €1,100 | €1,100 | €1,100 | = |
| Current assets29/58 | €24,126 | €33,303 | €59,507 | €48,376 | €24,119 | ▼ 50.1% |
| Amounts receivable within one year40/41 | €10,965 | €25,097 | €42,934 | €47,669 | €17,131 | ▼ 64.1% |
| Trade receivables40 | €10,725 | €11,593 | €39,056 | €42,918 | €16,259 | ▼ 62.1% |
| Other amounts receivable41 | €240 | €13,504 | €3,879 | €4,751 | €872 | ▼ 81.6% |
| Cash at bank and in hand54/58 | €7,816 | €2,726 | €14,073 | €152 | €4,146 | ▲ 2,621% |
| Deferred charges and accrued income490/1 | €5,345 | €5,479 | €2,499 | €555 | €2,842 | ▲ 412% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €26,588 | €34,647 | €322,298 | €334,799 | €307,090 | ▼ 8.3% |
| Equity10/15 | €7,600 | €8,161 | -€6,574 | -€6,052 | €12,076 | ▲ 300% |
| Contributions10/11 | €3,500 | €3,500 | €3,500 | €3,500 | €3,500 | = |
| Reserves13 | €4,100 | €4,661 | €0 | - | €8,576 | - |
| Distributable reserves133 | €4,100 | €4,661 | €0 | - | €8,576 | - |
| Profit (loss) carried forward14 | - | - | -€10,074 | -€9,552 | €0 | ▲ 100% |
| Amounts payable17/49 | €18,988 | €26,486 | €328,872 | €340,850 | €295,015 | ▼ 13.4% |
| Amounts payable after more than one year17 | - | - | €184,650 | €205,835 | €196,687 | ▼ 4.4% |
| Financial debts170/4 | - | - | €184,650 | €205,835 | €196,687 | ▼ 4.4% |
| Amounts payable within one year42/48 | €18,916 | €26,329 | €143,685 | €135,016 | €97,776 | ▼ 27.6% |
| Current portion of amounts payable after more than one year42 | - | - | €8,463 | €11,227 | €14,548 | ▲ 29.6% |
| Financial debts43 | €209 | €578 | €97 | €5,479 | €1,042 | ▼ 81.0% |
| Credit institutions430/8 | €209 | €578 | €97 | €5,479 | €1,042 | ▼ 81.0% |
| Trade debts44 | €8,704 | €13,302 | €39,585 | €38,426 | €11,935 | ▼ 68.9% |
| Suppliers440/4 | €8,704 | €13,302 | €39,585 | €38,426 | €11,935 | ▼ 68.9% |
| Taxes, remuneration and social security45 | €10,003 | €12,449 | €10,702 | €7,634 | €8,683 | ▲ 13.7% |
| Taxes450/3 | €7,616 | €9,899 | €8,256 | €4,986 | €6,018 | ▲ 20.7% |
| Remuneration and social security454/9 | €2,386 | €2,550 | €2,446 | €2,648 | €2,665 | ▲ 0.6% |
| Other amounts payable47/48 | - | - | €84,839 | €72,251 | €61,569 | ▼ 14.8% |
| Accrued charges and deferred income492/3 | €72 | €157 | €536 | €0 | €552 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,100 | €561 | -€14,735 | €522 | €18,127 | ▲ 3,371% |
| + Depreciation and write-downs630 | €891 | €1,118 | €11,702 | €8,640 | €8,867 | ▲ 2.6% |
| Operating cash flow (approximation) | €4,991 | €1,679 | -€3,033 | €9,162 | €26,994 | ▲ 195% |
| Investment in fixed assets (approximation) | - | €0 | -€273,148 | -€32,271 | -€5,416 | ▲ 83.2% |
| Change in cash | - | -€5,090 | €11,348 | -€13,921 | €3,993 | ▲ 129% |
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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €18,127 ▲3,371%
Operating result €33,902, net result €18,127, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €522
Net result €522 after one loss-making year.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€14,735
Net result drops to -€14,735, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Evere · 1 establishment unit since 2020
Ground area
5,638 m²
Building footprint
1,548 m²
Volume, LiDAR
80,162 m³
Parcel 21372D0317/00M009, Brussels · tallest building 54.2 m, ±17 floors. Linked by address, not a title deed.
41
companies at this address
See who is registered here
1 establishment unit
ELG Engineers
since 20202.309.573.859
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0317/00M009 | Brussels | 5,638 m² | 1 · 1,548 m² | 54.2 m · 17 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.
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Of 11,573 companies in sector 71121 we hold annual accounts for 6,570. 3,235 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
Founded10-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
68201Renting and operating of own or leased residential real estate, excluding social housing
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757953842
Registered
03-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.