ENGELEN ERWIN
ActiveSummary
ENGELEN ERWIN has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176,447 and a net result of -€28,920. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 88% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability2▼-98
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 5.99 against 5.72 in 2024; short-term debt: 16.4% and cash: 32% of total assets), and 16.4% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
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 17-02-2026, 164 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
164 d early
2024
76 d early
2023
57 d early
2022
102 d early
2021
31 d late
2020
8 d early
2019
64 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 63 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 16 May (4 of the last 5 filed years within 88 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€176,447▼ 14.1%
2024 · €205,367
Total assets
€211,185▼ 14.7%
2024 · €247,714
Net result
-€28,920
2024 · €74,053
Working capital
€173,227▼ 13.3%
2024 · €199,757
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result€2,081€12,314▲ 492%-€56,724€84,000-€28,662
Net result€1,563within the sector's middle half€10,900within the sector's middle half▲ 597%-€57,472below the sector's middle half€74,053above the sector's middle half-€28,920below the sector's middle half
Equity€177,886above the sector's middle half▲ 0.9%€188,786above the sector's middle half▲ 6.1%€131,314above the sector's middle half▼ 30.4%€205,367above the sector's middle half▲ 56.4%€176,447above the sector's middle half▼ 14.1%
Total assets€181,471within the sector's middle half▼ 4.9%€191,479within the sector's middle half▲ 5.5%€146,721within the sector's middle half▼ 23.4%€247,714within the sector's middle half▲ 68.8%€211,185within the sector's middle half▼ 14.7%
Debt€3,585▼ 75.3%€2,693▼ 24.9%€15,407▲ 472%€42,347▲ 175%€34,738▼ 18.0%
Working capital€164,617above the sector's middle half▲ 5.6%€170,304above the sector's middle half▲ 3.5%€119,756above the sector's middle half▼ 29.7%€199,757above the sector's middle half▲ 66.8%€173,227above the sector's middle half▼ 13.3%
Solvency98.0%above the sector's middle half▲ 5.6pp98.6%above the sector's middle half▲ 0.6pp89.5%above the sector's middle half▼ 9.1pp82.9%above the sector's middle half▼ 6.6pp83.6%above the sector's middle half▲ 0.6pp
Current ratio46.92above the sector's middle half▲ 35.1964.24above the sector's middle half▲ 17.328.77above the sector's middle half▼ 55.475.72above the sector's middle half▼ 3.065.99above the sector's middle half▲ 0.27
Return on assets (ROA)0.9%within the sector's middle half▲ 20.9pp5.7%within the sector's middle half▲ 4.8pp-39.2%below the sector's middle half▼ 44.9pp29.9%above the sector's middle half▲ 69.1pp-13.7%below the sector's middle half▼ 43.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 turns negative in 2025: a loss of €28,662 after €84,000 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €211,185
Fixed assets
€3,220 ▼ 42.6%
Current assets
€207,965 ▼ 14.1%
Equity and liabilities €211,185
Equity
€176,447 ▼ 14.1%
Debt
€34,738 ▼ 18.0%
Debt's share of the balance-sheet total falls from 17.1% to 16.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€26,273▼
2024 · €90,824
Cash flow
-€26,531▼
2024 · €80,877
Debt to equity
0.20▼
2024 · 0.21
ROE
-16.4%▼
2024 · 36.1%
Interest coverage
-336.83
Debt ≤ 1 year
€34,738▼
2024 · €42,347
Income taxes
€213▼
2024 · €10,010
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,815 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.9%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 4,815 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 | - | €4,525 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,018 | €5,872 | €6,923 | €6,824 | €2,389 | ▼ 65.0% |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | - | - |
| Gross operating margin9900 | €10,447 | €18,534 | -€49,417 | €91,211 | -€26,273 | ▼ 129% |
| Operating profit (loss)9901 | €2,081 | €12,314 | -€56,724 | €84,000 | -€28,662 | ▼ 134% |
| Financial income75/76B | €2 | €86 | - | €63 | €33 | ▼ 47.6% |
| Recurring financial income75 | €2 | €86 | - | €63 | €33 | ▼ 47.6% |
| Non-recurring financial income76B | €2 | - | - | - | - | - |
| Financial charges65/66B | €222 | €87 | €290 | - | €78 | - |
| Recurring financial charges65 | €222 | €87 | €290 | - | €78 | - |
| Non-recurring financial charges66B | €222 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €1,861 | €12,313 | -€57,014 | €84,063 | -€28,707 | ▼ 134% |
| Income taxes67/77 | €298 | €1,413 | €458 | €10,010 | €213 | ▼ 97.9% |
| Profit (loss) for the period9904 | €1,563 | €10,900 | -€57,472 | €74,053 | -€28,920 | ▼ 139% |
| Transfer from tax-exempt reserves789 | - | - | €57,472 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1,563 | €10,900 | - | €74,053 | -€28,920 | ▼ 139% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €181,471 | €191,479 | €146,721 | €247,714 | €211,185 | ▼ 14.7% |
| Fixed assets21/28 | €13,269 | €18,482 | €11,558 | €5,610 | €3,220 | ▼ 42.6% |
| Tangible fixed assets22/27 | €13,269 | €18,482 | €11,558 | €5,610 | €3,220 | ▼ 42.6% |
| Plant, machinery and equipment23 | €13,269 | €9,751 | €4,877 | €204 | - | - |
| Furniture and vehicles24 | - | €8,731 | €6,681 | €5,406 | €3,220 | ▼ 40.4% |
| Current assets29/58 | €168,202 | €172,997 | €135,163 | €242,104 | €207,965 | ▼ 14.1% |
| Amounts receivable within one year40/41 | €130,193 | €134,624 | €118,364 | €139,193 | €138,031 | ▼ 0.8% |
| Trade receivables40 | €115,138 | €118,913 | €115,744 | €138,885 | €134,393 | ▼ 3.2% |
| Other amounts receivable41 | €15,055 | €15,711 | €2,620 | €308 | €3,638 | ▲ 1,081% |
| Cash at bank and in hand54/58 | €36,305 | €36,421 | €16,502 | €101,806 | €67,595 | ▼ 33.6% |
| Deferred charges and accrued income490/1 | €1,704 | €1,952 | €297 | €1,105 | €2,339 | ▲ 112% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €181,471 | €191,479 | €146,721 | €247,714 | €211,185 | ▼ 14.7% |
| Equity10/15 | €177,886 | €188,786 | €131,314 | €205,367 | €176,447 | ▼ 14.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €171,686 | €182,586 | €125,114 | €199,167 | €170,247 | ▼ 14.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | €169,826 | €180,726 | €123,254 | €197,307 | €170,247 | ▼ 13.7% |
| Amounts payable17/49 | €3,585 | €2,693 | €15,407 | €42,347 | €34,738 | ▼ 18.0% |
| Amounts payable within one year42/48 | €3,585 | €2,693 | €15,407 | €42,347 | €34,738 | ▼ 18.0% |
| Trade debts44 | €3,438 | €1,133 | - | €9,809 | €1,427 | ▼ 85.5% |
| Suppliers440/4 | €3,438 | €1,133 | - | €9,809 | €1,427 | ▼ 85.5% |
| Taxes, remuneration and social security45 | €147 | €1,560 | €307 | €13,789 | €9,409 | ▼ 31.8% |
| Taxes450/3 | €147 | €1,560 | €307 | €11,289 | €9,409 | ▼ 16.7% |
| Remuneration and social security454/9 | - | - | - | €2,500 | - | - |
| Other amounts payable47/48 | - | - | €15,100 | €18,749 | €23,902 | ▲ 27.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,563 | €10,900 | -€57,472 | €74,053 | -€28,920 | ▼ 139% |
| + Depreciation and write-downs630 | €8,018 | €5,872 | €6,923 | €6,824 | €2,389 | ▼ 65.0% |
| Operating cash flow (approximation) | €9,581 | €16,772 | -€50,549 | €80,877 | -€26,531 | ▼ 133% |
| Investment in fixed assets (approximation) | - | -€11,085 | €1 | -€876 | €1 | ▲ 100% |
| Change in cash | - | €116 | -€19,919 | €85,304 | -€34,211 | ▼ 140% |
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
17-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €74,053
Net result €74,053 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €205,367 ▲56.4%
Equity rises from €131,314 to €205,367.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€57,472
Net result drops to -€57,472, the lowest in the series; recovery starts the following year.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €1,563
Net result €1,563 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 46.92
Current ratio from 11.72 to 46.92; short-term debt falls from €14,536 to €3,585.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
30-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 243 days late
2019
31-12
Financial
Equity above €200,000Eq €214,584 ▲16%
2 profitable years in a row build equity to €214,584.
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-04
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, Diest · 1 establishment unit since 2008
Ground area
1,293 m²
Building footprint
180 m²
Volume, LiDAR
935 m³
Parcel 24097O0232/00D000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Engelen Erwin
since 20082.173.062.888
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24097O0232/00D000 | Flanders | 1,293 m² | 1 · 180 m² | 8.6 m · 2 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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HARDY ET FILS
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 4,634 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
Founded20-03-2008
Fiscal year end31-12
Abbreviation NL
EE
Activities, NACEBEL 2025
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896889219
Also
9925:BE0896889219
Registered
21-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.