Equity
ENGCODE paid out €467,299 in dividends. That is 126% of the 2025 profit.
ENGCODE paid out €467,299 in dividends. That is 126% of the 2025 profit.
The result rose in 2025 from €172,851 to €370,867.
The micro format states no turnover.
Short-term debts rose from €17,202 to €31,925.
Latest accounts filed late: after the legal deadline.
Higher net result than 95% of companies in other professional activities. Sector median €9,105 · 4,555 companies.
In July 2024, 6,783 companies had the same profile as ENGCODE has now. Each dot stands for 17 companies, two years later.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,783 companies, not a prediction for ENGCODE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| ENGCODE Houthalen-Helchteren | €534,398 | €142,328 | 94.0% | - |
| On a Mission Ghent | €572,533 | €127,445 | 49.8% | 0 |
| FORHED Anderlues | €519,258 | €75,643 | 97.5% | - |
| BUREAU DESSIN DEBROUX Genappe | €225,005 | €168,703 | 48.6% | - |
| HUMBL-DESIGN Lummen | €180,750 | €107,378 | 50.7% | - |
| Kaayman-Group Menen | €318,753 | €330,098 | 44.8% | - |
| MeCADesign Perwez | €922,860 | €135,046 | 11.2% | - |
These companies have the same main activity as ENGCODE: other professional, scientific and technical activities (NACE 74112). They are comparable in size and age: total assets between €181,000 and €923,000, founded between 2013 and 2021.
ENGCODE files the micro format. That format states no turnover. The gross margin rose from €17,793 in 2019 to €142,328 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €360,000. Estimated: probably between €240,000 and €550,000.
Higher than 95% of 4,561 companies in 2025.
Higher than 95% of 4,377 companies in 2025.
Higher than 95% of 4,412 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||
20/58 |
534,398 | 616,107 | 454,567 | 425,749 | 432,369 | 271,075 | 59,324 | |
20 |
- | - | - | - | 140 | 471 | 801 | |
21/28 |
19,601 | 31,904 | 35,881 | 45,969 | 7,029 | 9,343 | - | |
22/27 |
17,611 | 29,904 | 33,881 | 43,969 | 5,029 | 7,343 | - | |
24 |
17,611 | 29,904 | 33,881 | 43,969 | 5,029 | 7,343 | - | |
28 |
1,990 | 2,000 | 2,000 | 2,000 | 2,000 | 2,000 | - | |
29/58 |
514,797 | 584,203 | 418,686 | 379,779 | 425,200 | 261,261 | 58,523 | |
3 |
- | - | - | - | - | 672 | - | |
30/36 |
- | - | - | - | - | 672 | - | |
40/41 |
389,561 | 65,226 | 58,222 | 84,576 | 12,469 | 33,159 | 11,494 | |
40 |
145,297 | 60,745 | 58,222 | 84,576 | 12,469 | 28,057 | 11,038 | |
41 |
244,264 | 4,481 | - | - | - | 5,102 | 456 | |
50/53 |
77,142 | 328,131 | 14,837 | 14,837 | 14,837 | - | - | |
54/58 |
48,094 | 190,735 | 345,628 | 280,366 | 397,895 | 201,768 | 13,613 | |
490/1 |
- | 111 | - | - | - | 25,661 | 33,416 | |
| Balance sheet: equity and liabilities | ||||||||
10/49 |
534,398 | 616,107 | 454,567 | 425,749 | 432,369 | 271,075 | 59,324 | |
10/15 |
502,473 | 598,905 | 426,054 | 366,641 | 304,448 | 191,399 | 21,852 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | |
11 |
- | - | - | - | - | - | 10,000 | |
1100/10 |
- | - | - | - | - | - | 10,000 | |
13 |
492,473 | 588,905 | 416,054 | 356,641 | 294,448 | 181,399 | 11,852 | |
133 |
492,473 | 588,905 | 416,054 | 356,641 | 294,448 | 181,399 | 11,852 | |
17/49 |
31,925 | 17,202 | 28,513 | 59,108 | 127,921 | 79,676 | 37,472 | |
42/48 |
31,925 | 17,202 | 28,513 | 59,108 | 127,921 | 79,676 | 35,044 | |
42 |
- | - | - | - | - | - | 25,000 | |
44 |
3,568 | 3,998 | 3,484 | 4,487 | 3,649 | 3,080 | 4,910 | |
440/4 |
3,568 | 3,998 | 3,484 | 4,487 | 3,649 | 3,080 | 4,910 | |
45 |
26,031 | 13,204 | 25,029 | 54,621 | 124,272 | 76,596 | 5,134 | |
450/3 |
26,031 | 13,204 | 25,029 | 54,621 | 124,272 | 74,496 | 5,134 | |
454/9 |
- | - | - | - | - | 2,100 | - | |
47/48 |
2,326 | - | - | - | - | - | - | |
492/3 |
- | - | - | - | - | - | 2,428 | |
| Income statement | ||||||||
9900 |
142,328 | 179,309 | 95,957 | 93,591 | 165,329 | 246,718 | 17,793 | |
62 |
- | 10 | - | - | 580 | - | - | |
630 |
12,293 | 10,355 | 10,088 | 4,569 | 2,644 | 1,671 | 190 | |
640/8 |
1,088 | 1,107 | 1,747 | 974 | 313 | 62 | 281 | |
9901 |
128,947 | 167,837 | 84,122 | 88,048 | 161,792 | 244,985 | 17,322 | |
75/76B |
282,455 | 46,005 | 333 | 1 | 957 | - | - | |
75 |
282,455 | 46,005 | 333 | 1 | 957 | - | - | |
65/66B |
1,861 | 391 | 63 | 63 | 240 | 943 | 335 | |
65 |
1,861 | 391 | 63 | 63 | 240 | 943 | 335 | |
9903 |
409,542 | 213,451 | 84,392 | 87,986 | 162,509 | 244,042 | 16,987 | |
67/77 |
38,675 | 40,601 | 24,978 | 25,793 | 49,460 | 74,496 | 5,134 | |
9904 |
370,867 | 172,851 | 59,414 | 62,192 | 113,049 | 169,547 | 11,852 | |
9905 |
370,867 | 172,851 | 59,414 | 62,192 | 113,049 | 169,547 | 11,852 | |
| Appropriation of the result | ||||||||
9906 |
370,867 | 172,851 | 59,414 | 62,192 | 113,049 | 169,547 | 11,852 | |
791/2 |
467,299 | - | - | - | - | - | - | |
691/2 |
370,867 | 172,851 | 59,414 | 62,192 | 113,049 | 169,547 | 11,852 | |
6921 |
370,867 | 172,851 | 59,414 | 62,192 | 113,049 | 169,547 | 11,852 | |
694/7 |
467,299 | - | - | - | - | - | - | |
694 |
467,299 | - | - | - | - | - | - | |
| Document | ||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 14-10-2026.
2025 annual accounts filed 75 days after the deadline. Filed on 14 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00556249.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 14-10-2026 | 2026-00556249 | |
| 31-12-2024 | micro format | 01-07-2025 | 2025-00220307 | |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00184875 | |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00187588 | |
| 31-12-2021 | micro format | 30-06-2022 | 2022-20149394 | |
| 31-12-2020 | micro format | 01-07-2021 | 2021-28800346 | |
| 31-12-2019 | micro format | 02-07-2020 | 2020-26700093 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| 141,240 | 178,192 | 94,210 | 92,617 | 164,436 | 246,656 | 17,512 | ||
| 383,160 | 183,206 | 69,502 | 66,762 | 115,693 | 171,218 | 12,042 | ||
| -10 | 6,378 | 0 | 43,369 | 330 | 10,684 | - | ||
| -142,641 | -154,893 | 65,261 | -117,528 | 196,126 | 188,155 | - | ||
| 482,872 | 567,001 | 390,173 | 320,671 | 297,279 | 181,585 | 23,479 | ||
| 94.0% | 97.2% | 93.7% | 86.1% | 70.4% | 70.6% | 36.8% | ||
| 16.13 | 33.96 | 14.68 | 6.43 | 3.32 | 3.28 | 1.67 | ||
| 16.13 | 33.96 | 14.68 | 6.43 | 3.32 | 3.27 | 1.67 | ||
| 0.06 | 0.03 | 0.07 | 0.16 | 0.42 | 0.42 | 1.71 | ||
| 73.8% | 28.9% | 13.9% | 17.0% | 37.1% | 88.6% | 54.2% | ||
| 69.4% | 28.1% | 13.1% | 14.6% | 26.1% | 62.5% | 20.0% | ||
| 75.91 | over 100 | over 100 | over 100 | over 100 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €6,378 | - | €43,369 | - |
| €12,293 | €10,355 | €10,088 | €4,569 | €2,644 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 23% lower than in 2024.
Debt's share of the balance-sheet total rises from 2.8% to 6.0%. Equity is lower and debt is higher.
Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.
The connected companies are in the list below.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Centrum-Zuid 1111 registered office 3530 Houthalen-Helchteren | 04-06-2019 | 2.289.993.915 |
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