ENGCODE
ActiveSummary
ENGCODE has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €598,905 and a net result of €172,851. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 4343 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+15
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 33.96 against 14.68 in 2023; short-term debt: 2.8% and cash: 31% of total assets), and 2.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% 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 2024Solvency, return and age of the figures
Solvency
97.2%
Return on assets
28.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
30 d early
2022
28 d early
2021
31 d early
2020
30 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€598,905▲ 40.6%
2023 · €426,054
Total assets
€616,107▲ 35.5%
2023 · €454,567
Net result
€172,851▲ 191%
2023 · €59,414
Working capital
€567,001▲ 45.3%
2023 · €390,173
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, 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
Line20202021202220232024
Operating result€244,985▲ 1,314%€161,792▼ 34.0%€88,048▼ 45.6%€84,122▼ 4.5%€167,837▲ 99.5%
Net result€169,547above the sector's middle half▲ 1,330%€113,049above the sector's middle half▼ 33.3%€62,192above the sector's middle half▼ 45.0%€59,414above the sector's middle half▼ 4.5%€172,851above the sector's middle half▲ 191%
Equity€191,399above the sector's middle half▲ 776%€304,448above the sector's middle half▲ 59.1%€366,641above the sector's middle half▲ 20.4%€426,054above the sector's middle half▲ 16.2%€598,905above the sector's middle half▲ 40.6%
Total assets€271,075above the sector's middle half▲ 357%€432,369above the sector's middle half▲ 59.5%€425,749above the sector's middle half▼ 1.5%€454,567above the sector's middle half▲ 6.8%€616,107above the sector's middle half▲ 35.5%
Debt€79,676▲ 113%€127,921▲ 60.6%€59,108▼ 53.8%€28,513▼ 51.8%€17,202▼ 39.7%
Working capital€181,585▲ 673%€297,279▲ 63.7%€320,671▲ 7.9%€390,173▲ 21.7%€567,001▲ 45.3%
Solvency70.6%within the sector's middle half▲ 33.8pp70.4%within the sector's middle half▼ 0.2pp86.1%above the sector's middle half▲ 15.7pp93.7%above the sector's middle half▲ 7.6pp97.2%above the sector's middle half▲ 3.5pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, 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
The operating result recovers in 2024; 2024 is 100% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €616,107
Fixed assets
€31,904 ▼ 11.1%
Current assets
€584,203 ▲ 39.5%
Equity and liabilities €616,107
Equity
€598,905 ▲ 40.6%
Debt
€17,202 ▼ 39.7%
Debt's share of the balance-sheet total falls from 6.3% to 2.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€178,192▲
2023 · €94,210
Cash flow
€183,206▲
2023 · €69,502
Current ratio
33.96▲
2023 · 14.68
Debt to equity
0.03▼
2023 · 0.07
ROE
28.9%▲
2023 · 13.9%
ROA
28.1%▲
2023 · 13.1%
Interest coverage
456.10▼
2023 · 1488.07
Debt ≤ 1 year
€17,202▼
2023 · €28,513
Income taxes
€40,601▲
2023 · €24,978
Staff costs
€10
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,776 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
2.6%
stopped otherwise
97%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 6,776 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €580 | - | - | €10 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,671 | €2,644 | €4,569 | €10,088 | €10,355 | ▲ 2.6% |
| Other operating charges640/8 | - | €313 | €974 | €1,747 | €1,107 | ▼ 36.6% |
| Gross operating margin9900 | €246,718 | €165,329 | €93,591 | €95,957 | €179,309 | ▲ 86.9% |
| Operating profit (loss)9901 | €244,985 | €161,792 | €88,048 | €84,122 | €167,837 | ▲ 99.5% |
| Financial income75/76B | - | €957 | €1 | €333 | €46,005 | ▲ 13,700% |
| Recurring financial income75 | - | €957 | €1 | €333 | €46,005 | ▲ 13,700% |
| Financial charges65/66B | - | €240 | €63 | €63 | €391 | ▲ 517% |
| Recurring financial charges65 | €943 | €240 | €63 | €63 | €391 | ▲ 517% |
| Profit (loss) for the period before taxes9903 | €244,042 | €162,509 | €87,986 | €84,392 | €213,451 | ▲ 153% |
| Income taxes67/77 | €74,496 | €49,460 | €25,793 | €24,978 | €40,601 | ▲ 62.5% |
| Profit (loss) for the period9904 | €169,547 | €113,049 | €62,192 | €59,414 | €172,851 | ▲ 191% |
| Profit (loss) for the period to be appropriated9905 | €169,547 | €113,049 | €62,192 | €59,414 | €172,851 | ▲ 191% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271,075 | €432,369 | €425,749 | €454,567 | €616,107 | ▲ 35.5% |
| Formation expenses20 | €471 | €140 | - | - | - | - |
| Fixed assets21/28 | €9,343 | €7,029 | €45,969 | €35,881 | €31,904 | ▼ 11.1% |
| Tangible fixed assets22/27 | €7,343 | €5,029 | €43,969 | €33,881 | €29,904 | ▼ 11.7% |
| Furniture and vehicles24 | - | €5,029 | €43,969 | €33,881 | €29,904 | ▼ 11.7% |
| Financial fixed assets28 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Current assets29/58 | €261,261 | €425,200 | €379,779 | €418,686 | €584,203 | ▲ 39.5% |
| Stocks and contracts in progress3 | €672 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €33,159 | €12,469 | €84,576 | €58,222 | €65,226 | ▲ 12.0% |
| Trade receivables40 | - | €12,469 | €84,576 | €58,222 | €60,745 | ▲ 4.3% |
| Other amounts receivable41 | - | - | - | - | €4,481 | - |
| Current investments50/53 | - | €14,837 | €14,837 | €14,837 | €328,131 | ▲ 2,112% |
| Cash at bank and in hand54/58 | €201,768 | €397,895 | €280,366 | €345,628 | €190,735 | ▼ 44.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | €111 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271,075 | €432,369 | €425,749 | €454,567 | €616,107 | ▲ 35.5% |
| Equity10/15 | €191,399 | €304,448 | €366,641 | €426,054 | €598,905 | ▲ 40.6% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €181,399 | €294,448 | €356,641 | €416,054 | €588,905 | ▲ 41.5% |
| Distributable reserves133 | - | €294,448 | €356,641 | €416,054 | €588,905 | ▲ 41.5% |
| Amounts payable17/49 | €79,676 | €127,921 | €59,108 | €28,513 | €17,202 | ▼ 39.7% |
| Amounts payable within one year42/48 | €79,676 | €127,921 | €59,108 | €28,513 | €17,202 | ▼ 39.7% |
| Trade debts44 | €3,080 | €3,649 | €4,487 | €3,484 | €3,998 | ▲ 14.8% |
| Suppliers440/4 | - | €3,649 | €4,487 | €3,484 | €3,998 | ▲ 14.8% |
| Taxes, remuneration and social security45 | - | €124,272 | €54,621 | €25,029 | €13,204 | ▼ 47.2% |
| Taxes450/3 | - | €124,272 | €54,621 | €25,029 | €13,204 | ▼ 47.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €169,547 | €113,049 | €62,192 | €59,414 | €172,851 | ▲ 191% |
| + Depreciation and write-downs630 | €1,671 | €2,644 | €4,569 | €10,088 | €10,355 | ▲ 2.6% |
| Operating cash flow (approximation) | €171,218 | €115,693 | €66,762 | €69,502 | €183,206 | ▲ 164% |
| Investment in fixed assets (approximation) | - | -€330 | -€43,509 | €0 | -€6,378 | - |
| Change in cash | - | €196,126 | -€117,528 | €65,261 | -€154,893 | ▼ 337% |
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
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €172,851 ▲191%
Net result €172,851, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 33.96
Current ratio from 14.68 to 33.96; short-term debt falls from €28,513 to €17,202.
31-12
Financial
Equity above €500,000Eq €598,905 ▲40.6%
6 profitable years in a row build equity to €598,905.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 14.68
Current ratio from 6.43 to 14.68; short-term debt falls from €59,108 to €28,513.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €304,448 ▲59.1%
3 profitable years in a row build equity to €304,448.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €150,000Eq €191,399 ▲776%
2 profitable years in a row build equity to €191,399.
02-07
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 3 acts read
About the unread acts
We know of 3 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
3 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, Houthalen-Helchteren · 1 establishment unit since 2019
Ground area
1.5 ha
Building footprint
4,007 m²
Parcel 72015C0697/00T000, Flanders. Linked by address, not a title deed.
1 establishment unit
ENGCODE
since 20192.289.993.915
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015C0697/00T000 | Flanders | 1.5 ha | 1 · 4,007 m² | - |
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.
Recognitions · licences · registrations
Legal Entity Identifier
894500XK7QYMIKBTDE17
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Of 686 companies in sector 74112 we hold annual accounts for 312. 225 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
Founded04-06-2019
Fiscal year end31-12
Activities, NACEBEL 2025
74112Other professional, scientific and technical activities
28990Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
62200Computer consultancy and computer facilities management
71209Other technical testing and analysis
Contact
Website
www.engcode.be
E-mail
info@engcode.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0727743587
Also
9925:BE0727743587
Registered
02-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.