ENGELS PAUL
ActiveENGELS PAUL has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €244k and a net result of €38k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 122 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+12
Solvency100▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days only on tighter terms
Liquidity ample (current ratio 11.28 against 3.52 in 2023; short-term debt: 6.8% and cash: 42.6% of total assets), and 11.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 24
Relative position
BE, all sectors
reference
Sector 24
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-02-2026, 208 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
208 d late
2023
78 d late
2022
32 d late
2021
31 d late
2020
26 d late
2019
92 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€244k▲ 18.5%
2023 · €206k
2018: €130k
2019: €128k
2020: €153k
2021: €177k
2022: €195k
2023: €206k
2018 → 2024
Total assets
€274k▼ 11.5%
2023 · €310k
2018: €172k
2019: €173k
2020: €177k
2021: €189k
2022: €231k
2023: €310k
2018 → 2024
Net result
€38k▲ 216%
2023 · €12k
2018: €396
2019: €15k
2020: €33k
2021: €24k
2022: €18k
2023: €12k
2018 → 2024
Working capital
€193k▼ 5.0%
2023 · €203k
2018: €110k
2019: €120k
2020: €141k
2021: €168k
2022: €178k
2023: €203k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€153k-€177k▲ 15.5%€195k▲ 10.5%€206k▲ 5.3%€244k▲ 18.5%
Operating result€48k-€34k▼ 28.3%€22k▼ 34.9%€18k▼ 20.6%€53k▲ 201%
Net result€33k-€24k▼ 27.2%€18k▼ 21.9%€12k▼ 34.8%€38k▲ 216%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 201% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €274k
Fixed assets
€63k▲ 138%
Current assets
€211k▼ 25.4%
Equity and liabilities €274k
Equity
€244k▲ 18.5%
Debt
€30k▼ 70.8%
The debt ratio falls from 33.6% to 11.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€68k▲
2023 · €31k
Cash flow
€53k▲
2023 · €26k
Solvency
88.9%▲
2023 · 66.4%
Current ratio
11.28▲
2023 · 3.52
Quick ratio
10.80▲
2023 · 3.17
Debt / equity
0.12▼
2023 · 0.51
ROE
15.6%▲
2023 · 5.9%
ROA
13.9%▲
2023 · 3.9%
Interest coverage
66.18▲
2023 · 29.40
Debt
€30k▼
2023 · €104k
Debt ≤ 1 year
€19k▼
2023 · €80k
Debt > 1 year
€12k▼
2023 · €23k
Income taxes
€14k▲
2023 · €5k
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€310k€274k▼
Fixed assets21/28€26k€63k▲
Tangible fixed assets22/27€26k€62k▲
Land and buildings22€4k€2k▼
Plant, machinery and equipment23€412€412=
Furniture and vehicles24€21k€59k▲
Financial fixed assets28€654€654=
Current assets29/58€283k€211k▼
Stocks and contracts in progress3€28k€9k▼
Stocks30/36€28k€9k▼
Amounts receivable within one year40/41€140k€86k▼
Trade receivables40€46k€64k▲
Other amounts receivable41€94k€22k▼
Cash at bank and in hand54/58€100k€117k▲
Deferred charges and accrued income490/1€15k-
Equity and liabilities
Total equity and liabilities10/49€310k€274k▼
Equity10/15€206k€244k▲
Contributions10/11€19k€19k=
Reserves13€112k€150k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€110k€148k▲
Profit (loss) carried forward14€75k€75k=
Amounts payable17/49€104k€30k▼
Amounts payable after more than one year17€23k€12k▼
Financial debts170/4€23k€12k▼
Amounts payable within one year42/48€80k€19k▼
Current portion of amounts payable after more than one year42-€6k
Financial debts43€1k-
Credit institutions430/8€1k-
Taxes, remuneration and social security45€79k€13k▼
Taxes450/3€76k€8k▼
Remuneration and social security454/9€3k€5k▲
Accrued charges and deferred income492/3€82-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€15k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€33k€71k▲
Operating profit (loss)9901€18k€53k▲
Financial income75/76B€404€43▼
Recurring financial income75€404€43▼
Financial charges65/66B€1k€1k▼
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€17k€52k▲
Income taxes67/77€5k€14k▲
Profit (loss) for the period9904€12k€38k▲
Profit (loss) for the period to be appropriated9905€12k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€87k€113k▲
Profit (loss) brought forward from the previous period14P€75k€75k▲
Transfer to equity691/2€12k€38k▲
To other reserves6921€12k€38k▲
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
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 208 days late
2024
31-12
Financial
Highest result since 2018net €38k ▲216%
Operating result €53k, net result €38k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 11.28
Current ratio from 3.52 to 11.28; short-term debt falls from €80k to €19k.
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 78 days late
2023
31-12
Financial
Equity above €200kEq €206k ▲5.3%
6 profitable years in a row build equity to €206k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 14.90
Current ratio from 6.98 to 14.90; short-term debt falls from €24k to €12k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Equity above €150kEq €153k ▲20%
3 profitable years in a row build equity to €153k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
16-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 47 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1976
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.
Blokkersdijkstraat 92070 Beveren-Kruibeke-ZwijndrechtGround area
730 m²
Building footprint
132 m²
Volume, LiDAR
748 m³
Parcel 11056A0724/00N000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Blokkersdijkstraat 9, 2070 Beveren-Kruibeke-Zwijndrecht
since 19762.012.255.892
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11056A0724/00N000 | Flanders | 730 m² | 1 · 132 m² | 8.9 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.
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FERRODUR
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Rydes Style
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REX Panels & Profiles
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Of 191 companies in sector 24100 we hold annual accounts for 134. 81 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-04-1976
Fiscal year end31-12
Activities, NACEBEL
24100Manufacture of basic metals
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.