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ENGELS BRUGGE

Active
Public limited companyfounded 2011active for 15 yearsSint-Pieterskaai 39, 8000 Brugge, BelgiumKBO/BCE: BE 0834.917.305

From the official registers: KBO 15 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of ENGELS BRUGGE is 1.6% (moderate). The 2025 annual accounts show negative equity (-€1.3m) and a net result of -€39,359. Equity has been shrinking by about 19% per year since 2018. Its solvency ranks better than 5% of 6,167 sector peers (NACE 46, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
ENGELS BRUGGEActiveChecked score 53/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 25-03-2011 Normal situation
Activity
Wholesale of timber NACE 46832and 4 others
Establishment units
3 establishment units
Financial year end
31 December
Peppol
Reachable since 21-10-2026
Company details

Board and ownership

Board
  • J&M INVESTDirector · permanent representative ENGELS Christophe Gaston Godelieve
Shareholders
Board & ownership

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.6%
Annual accounts 2025
Gross margin
-€60,928
Loss
€39,359
Equity
-€1.3m
▼ 3.2%
Total assets
€109,626
▼ 41.6%
  • Negative equity on 31-12-2025
Filed on 23-07-2026, 8 days before the deadline
Financials
Score breakdownraises riskCapped at 59: negative equityLoss of €39,359 (financial year 2025)Negative equity -€1.3mlowers riskSize: total assets €109,626Founded in 2011Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 13% of micro companies in wholesale trade (NACE 46)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 0=
equity -1146.7% of total assets
Liquidity 6-5
short-term debt 1246.7% · cash 4.4%
Profitability 0-100
return on assets -35.9%
Bankruptcy probability within 12 months
1.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 3.9% 01-2025: 3.9%● unchanged vs 12-2024 02-2025: 3.9%● unchanged vs 01-2025 03-2025: 3.7%▼ -0.2 percentage points vs 02-2025 04-2025: 3.7%● unchanged vs 03-2025 05-2025: 3.7%● unchanged vs 04-2025 06-2025: 3.6%▼ -0.1 percentage points vs 05-2025 07-2025: 3.8%▲ +0.2 percentage points vs 06-2025 08-2025: 4.6%▲ +0.8 percentage points vs 07-2025highest value 09-2025: 1.0%▼ -3.6 percentage points vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.0%● unchanged vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 0.9%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 1.6%▲ +0.7 percentage points vs 07-2026 09-2026: 1.6%● unchanged vs 08-2026 10-2026: 1.6%● unchanged vs 09-2026 11-2026: 1.6%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.06 (0.11 in 2024), below 1. Cash is 4.4% of total assets. Equity is negative.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 8% on liquidity, 6% on profitability and 34% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €109,626
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €39,359 (financial year 2025)
NBB · annual accounts
raises risk · Negative equity -€1.3m
NBB · annual accounts
lowers risk · Founded in 2011
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.3m
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 · 10 filings
Deviation from the deadline
2025
8 days early
2024
1 day late
2023
61 days late
2022
32 days late
2021
16 days early
2020
25 days late
2019
38 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 8 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€1.3m View
  • Caution: From profit to loss in 2025after a profit of €112,931 in 2024 -€39,359 View
  • Caution: Lower solvency than 95% of companies in wholesale tradesector median 45.2% · 6,167 companies -1146.7% View
  • Caution: Board changedlatest change 29-09-2026 · 1 in office 1 joined · 1 left View

Companies linked to ENGELS BRUGGE

Comparable companies

These companies have the same main activity as ENGELS BRUGGE: wholesale of timber (NACE 46832). They are comparable in size and age: total assets between €42,200 and €321,000, founded between 2007 and 2012.

CompanyTotal assetsGross margin
ENGELS BRUGGE Brugge€109,626-€60,928
M-DOORS Schoten€321,445-€100,494
SHELLTERWOOD Retie€128,921-€51,034
VANCOPENOLLE ET FILS Charleroi€107,001-€12,450
SPECIAL-BEER Liège€209,561€901
THOVAC INVEST Zottegem€256,238-€23,324
Sign.be Beveren-Kruibeke-Zwijndrecht€42,224-€15,531
Full comparison

Documents

Annual accounts at the NBB

All 15 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about ENGELS BRUGGE
What is the company number of ENGELS BRUGGE?
The company number of ENGELS BRUGGE is 0834.917.305. The VAT number is the same number with BE in front: BE 0834.917.305.
Where is ENGELS BRUGGE based?
The registered office is at Sint-Pieterskaai 39, 8000 Brugge.Company details
What does ENGELS BRUGGE do?
According to the KBO register, the main activity is wholesale of timber (NACE 46832).
What is the legal form of ENGELS BRUGGE?
The legal form of ENGELS BRUGGE is Public limited company (NV).
When was ENGELS BRUGGE founded?
ENGELS BRUGGE was founded on 25-03-2011.
Is ENGELS BRUGGE still active?
Yes, ENGELS BRUGGE is an active enterprise in the KBO register.
How many employees does ENGELS BRUGGE have?
ENGELS BRUGGE had an average of 7.6 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of ENGELS BRUGGE?
The annual accounts for financial year 2025 state no turnover.
Is ENGELS BRUGGE profitable?
In financial year 2025, ENGELS BRUGGE made a loss of €39,359.
Where can I find the annual accounts of ENGELS BRUGGE?
ENGELS BRUGGE filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of ENGELS BRUGGE due?
ENGELS BRUGGE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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