Engelen Construct
ActiveSummary
Engelen Construct has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €208k and a net result of €34k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability55▲+20
Solvency51▲+9
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 1.55 against 1.27 in 2024; short-term debt: 56.1% and cash: 6.3% of total assets), but 73.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
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
26.4%
Return on assets
4.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
120 d late
2022
23 d late
2021
31 d late
2020
24 d early
2019
16 d early
← before the deadline
after the deadline →
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
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€208k▲ 19.8%
2024 · €174k
2018: €110k
2019: €126k
2020: €152k
2021: €104k
2022: €145k
2023: €160k
2024: €174k
2018 → 2025
Total assets
€787k▼ 20.9%
2024 · €995k
2018: €557k
2019: €439k
2020: €485k
2021: €719k
2022: €585k
2023: €596k
2024: €995k
2018 → 2025
Net result
€34k▲ 152%
2024 · €14k
2018: €27k
2019: €15k
2020: €26k
2021: €-48k
2022: €43k
2023: €16k
2024: €14k
2018 → 2025
Working capital
€242k▲ 31.5%
2024 · €184k
2018: €240k
2019: €205k
2020: €242k
2021: €211k
2022: €239k
2023: €250k
2024: €184k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€104k-€145k▲ 40.0%€160k▲ 10.1%€174k▲ 8.5%€208k▲ 19.8%
Operating result€-46k-€64k€23k▼ 63.7%€26k▲ 12.7%€83k▲ 218%
Net result€-48k-€43k€16k▼ 62.3%€14k▼ 16.3%€34k▲ 152%
Turnover and EBIT margin not published: the abbreviated or 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 218% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €787k
Fixed assets
€104k ▼ 24.5%
Current assets
€684k ▼ 20.3%
Equity and liabilities €787k
Equity
€208k ▲ 19.8%
Debt
€579k ▼ 29.5%
Debt's share of the balance-sheet total falls from 82.5% to 73.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€116k▲
2024 · €53k
Cash flow
€68k▲
2024 · €41k
Current ratio
1.55▲
2024 · 1.27
Quick ratio
0.80▲
2024 · 0.46
Debt to equity
2.78▼
2024 · 4.73
ROE
16.5%▲
2024 · 7.8%
ROA
4.4%▲
2024 · 1.4%
Interest coverage
3.74▲
2024 · 1.77
Debt ≤ 1 year
€442k▼
2024 · €674k
Debt > 1 year
€138k▼
2024 · €148k
Income taxes
€17k▲
2024 · €-18k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€995k€787k▼
Fixed assets21/28€137k€104k▼
Tangible fixed assets22/27€137k€103k▼
Plant, machinery and equipment23€53k€40k▼
Furniture and vehicles24€84k€63k▼
Financial fixed assets28€800€800=
Current assets29/58€858k€684k▼
Stocks and contracts in progress3€551k€331k▼
Contracts in progress37€551k€331k▼
Amounts receivable within one year40/41€291k€303k▲
Trade receivables40€108k€119k▲
Other amounts receivable41€183k€183k▲
Cash at bank and in hand54/58€16k€50k▲
Equity and liabilities
Total equity and liabilities10/49€995k€787k▼
Equity10/15€174k€208k▲
Contributions10/11€19k€19k=
Reserves13€155k€189k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€153k€188k▲
Amounts payable17/49€822k€579k▼
Amounts payable after more than one year17€148k€138k▼
Financial debts170/4€148k€138k▼
Amounts payable within one year42/48€674k€442k▼
Current portion of amounts payable after more than one year42€5k€10k▲
Financial debts43€387k-
Credit institutions430/8€387k-
Trade debts44€33k€127k▲
Suppliers440/4€33k€127k▲
Taxes, remuneration and social security45€31k€72k▲
Taxes450/3€15k€59k▲
Remuneration and social security454/9€17k€13k▼
Other amounts payable47/48€218k€232k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€34k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€54k€118k▲
Operating profit (loss)9901€26k€83k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€30k€31k▲
Recurring financial charges65€30k€31k▲
Profit (loss) for the period before taxes9903€-4k€52k▲
Income taxes67/77€-18k€17k▲
Profit (loss) for the period9904€14k€34k▲
Profit (loss) for the period to be appropriated9905€14k€34k▲
Appropriation of the result
Profit (loss) to be appropriated9906€14k€34k▲
Transfer to equity691/2€14k€34k▲
To other reserves6921€14k€34k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Equity above €200kEq €208k ▲19.8%
4 profitable years in a row build equity to €208k.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 120 days late
2023
30-09
Financial
Equity above €150kEq €160k ▲10.1%
2 profitable years in a row build equity to €160k.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
30-09
Financial
Back to profitnet €43k
Net result €43k after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
30-09
Financial
Weakest financial yearnet €-48k
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Equity above €150kEq €152k ▲21.1%
3 profitable years in a row build equity to €152k.
14-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
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 4 acts read
About the unread acts
We know of 4 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
4 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, Alken · 1 establishment unit since 2009
Ground area
815 m²
Building footprint
199 m²
Volume, LiDAR
1,105 m³
Parcel 73001B0654/00M000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ALGEMENE BOUWWERKEN K&L
since 20092.182.947.683
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73001B0654/00M000 | Flanders | 815 m² | 1 · 199 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JPL CONSTRUCTIONS
BE 0460.443.162
Bassenge · Eq €208,068
DESSOMVIELE BOUW
BE 0475.916.840
Sint-Laureins · Eq €208,109
Under Reconstruction
BE 0841.960.295
Machelen (Brab.) · Eq €208,115
Pharsalus Construct
BE 0642.524.634
Zemst · Eq €208,030
IMMO-PARQ
BE 0689.598.536
Thimister-Clermont · Eq €208,134
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,997 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-01-2009
Fiscal year end30-09
Activities, NACEBEL 2025
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.