Engels Consulting

Active

Private limited companyfounded 20215 yrs activeBurgemeester Meirsonstraat 3, 9070 Destelbergen, BelgiumKBO/BCE: BE 0766.302.968

Engels Consulting has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €19k and a net result of €361. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 72% of 37971 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2024

89 / 100

Excellent▲ +37 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability10▲+10

Solvency100▲+1

Growth52=

Stability94

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity ample (current ratio 3.96 against 2.41 in 2023), and 23.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

76.9%

Return on assets

1.5%

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

7 d early

2023

34 d early

2022

7 d late

2021

32 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€19k▲ 1.9%

2023 · €19k

2021: €10k 2022: €20k 2023: €19k

2021 → 2024

Total assets

€25k▼ 17.2%

2023 · €30k

2021: €19k 2022: €41k 2023: €30k

2021 → 2024

Net result

€361

2023 · €-2k

2021: €10k 2022: €10k 2023: €-2k

2021 → 2024

Working capital

€17k▲ 6.9%

2023 · €16k

2021: €10k 2022: €18k 2023: €16k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€10k-€20k▲ 103%€19k▼ 8.8%€19k▲ 1.9%

Operating result€13k-€15k▲ 12.7%€-1k€2k

Net result€10k-€10k▲ 4.5%€-2k€361

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €2k after a loss of €1k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €25k

91.6%

Fixed assets €2k▼ 26.2%

Current assets €23k▼ 16.3%

Equity and liabilities €25k

76.9%

23.1%

Equity €19k▲ 1.9%

Debt €6k▼ 49.0%

The debt ratio falls from 37.6% to 23.1%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€3k▲

2023 · €-557

Cash flow

€1k▲

2023 · €-1k

Solvency

76.9%▲

2023 · 62.4%

Current ratio

3.96▲

2023 · 2.41

Quick ratio

3.96▲

2023 · 2.41

Debt / equity

0.30▼

2023 · 0.60

ROE

1.9%▲

2023 · -9.7%

ROA

1.5%▲

2023 · -6.0%

Interest coverage

2.51▲

2023 · -0.75

Debt

€6k▼

2023 · €11k

Debt ≤ 1 year

€6k▼

2023 · €11k

Income taxes

€967▲

2023 · €229

Staff costs

€26k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€30k€25k▼

Fixed assets21/28€3k€2k▼

Tangible fixed assets22/27€2k€968▼

Plant, machinery and equipment23€2k€968▼

Financial fixed assets28€1k€1k=

Current assets29/58€27k€23k▼

Amounts receivable within one year40/41€23k€16k▼

Trade receivables40€14k€8k▼

Other amounts receivable41€9k€9k▲

Cash at bank and in hand54/58€4k€6k▲

Equity and liabilities

Total equity and liabilities10/49€30k€25k▼

Equity10/15€19k€19k▲

Contributions10/11€100€100=

Profit (loss) carried forward14€18k€19k▲

Amounts payable17/49€11k€6k▼

Amounts payable within one year42/48€11k€6k▼

Trade debts44€1k€2k▲

Suppliers440/4€1k€2k▲

Taxes, remuneration and social security45€10k€4k▼

Taxes450/3€10k€4k▼

Remuneration and social security454/9€91€0▼

Income statement Code20232024

Remuneration, social security and pensions62-€26k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€519€733▲

Other operating charges640/8€529€1k▲

Gross operating margin9900€-28€30k▲

Operating profit (loss)9901€-1k€2k▲

Financial income75/76B€251€512▲

Recurring financial income75€251€512▲

Financial charges65/66B€739€1k▲

Recurring financial charges65€739€1k▲

Profit (loss) for the period before taxes9903€-2k€1k▲

Income taxes67/77€229€967▲

Profit (loss) for the period9904€-2k€361▲

Profit (loss) for the period to be appropriated9905€-2k€361▲

Appropriation of the result

Profit (loss) to be appropriated9906€18k€19k▲

Profit (loss) brought forward from the previous period14P€20k€18k▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

2025

24-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Back to profitnet €361

Net result €361 after one loss-making year.

27-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-2k ▼117%

Net result drops to €-2k, the lowest in the series; recovery starts the following year.

07-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 7 days late

2022

31-12

Financial Highest result since 2021net €10k ▲4.5%

Operating result €15k, net result €10k, both a record.

29-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Destelbergen · 2 establishment units since 2021

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Burgemeester Meirsonstraat 39070 Destelbergen

Ground area

944 m²

Building footprint

741 m²

Volume, LiDAR

494 m³

2 parcels, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.

2 establishment units

Engels Consulting

Burgemeester Meirsonstraat 3, 9070 DestelbergenSound recording

since 20212.315.624.085

Zandberg 12, 9000 Gent

Business consulting

since 20222.332.738.746

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44802B1449/00F000 ProtectedMonument · Townscape or village viewHotel Vanden MeerscheSource ↗	Flanders	688 m²	1 · 665 m²	-
44013A0011/00A016	Flanders	256 m²	1 · 75 m²	10.9 m · 3 fl.