ENGEMAR
ActiveSummary
The computed 12-month bankruptcy probability of ENGEMAR is 3.7% (moderate). The 2025 annual accounts show equity of €50,462 and a net result of €8,088. Equity is growing by ~26% per year across the filed fiscal years. Its solvency ranks better than 50% of 7564 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-14
Solvency69▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 2.79 in 2024; short-term debt: 45.3% and cash: 3.6% of total assets), but 56% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 1 day after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€50,462▲ 19.1%
2024 · €42,374
Total assets
€114,657▲ 34.8%
2024 · €85,089
Net result
€8,088▼ 49.0%
2024 · €15,874
Working capital
€55,024▲ 30.3%
2024 · €42,223
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€32,466-€3,089▼ 90.5%€19,920▲ 545%€13,202▼ 33.7%
Net result€24,081-€2,419▼ 90.0%€15,874▲ 556%€8,088▼ 49.0%
Equity€24,081-€26,500▲ 10.0%€42,374▲ 59.9%€50,462▲ 19.1%
Total assets€81,853-€78,602▼ 4.0%€85,089▲ 8.3%€114,657▲ 34.8%
Debt€57,772-€52,102▼ 9.8%€42,715▼ 18.0%€64,195▲ 50.3%
Working capital€20,248-€18,146▼ 10.4%€42,223▲ 133%€55,024▲ 30.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 34% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114,657
Fixed assets
€7,727 ▼ 59.9%
Current assets
€106,930 ▲ 62.4%
Equity and liabilities €114,657
Equity
€50,462 ▲ 19.1%
Debt
€64,195 ▲ 50.3%
Debt's share of the balance-sheet total rises from 50.2% to 56.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26,342▼
2024 · €34,783
Cash flow
€21,229▼
2024 · €30,736
Current ratio
2.06▼
2024 · 2.79
Debt to equity
1.27▲
2024 · 1.01
ROE
16.0%▼
2024 · 37.5%
ROA
7.1%▼
2024 · 18.7%
Interest coverage
12.16▼
2024 · 34.29
Debt ≤ 1 year
€51,906▲
2024 · €23,607
Debt > 1 year
€12,289▼
2024 · €19,108
Income taxes
€2,961▼
2024 · €4,270
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 26,964 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,791 | €8,744 | €14,862 | €13,141 | ▼ 11.6% |
| Other operating charges640/8 | €936 | €1,185 | €682 | €316 | ▼ 53.7% |
| Gross operating margin9900 | €39,194 | €13,018 | €35,464 | €26,658 | ▼ 24.8% |
| Operating profit (loss)9901 | €32,466 | €3,089 | €19,920 | €13,202 | ▼ 33.7% |
| Financial income75/76B | €426 | €1,193 | €1,238 | €13 | ▼ 99.0% |
| Recurring financial income75 | €426 | €1,193 | €1,238 | €13 | ▼ 99.0% |
| Financial charges65/66B | €707 | €1,037 | €1,014 | €2,166 | ▲ 113% |
| Recurring financial charges65 | €707 | €1,037 | €1,014 | €2,166 | ▲ 113% |
| Profit (loss) for the period before taxes9903 | €32,186 | €3,245 | €20,144 | €11,049 | ▼ 45.2% |
| Income taxes67/77 | €8,104 | €826 | €4,270 | €2,961 | ▼ 30.7% |
| Profit (loss) for the period9904 | €24,081 | €2,419 | €15,874 | €8,088 | ▼ 49.0% |
| Profit (loss) for the period to be appropriated9905 | €24,081 | €2,419 | €15,874 | €8,088 | ▼ 49.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €81,853 | €78,602 | €85,089 | €114,657 | ▲ 34.8% |
| Fixed assets21/28 | €36,103 | €34,121 | €19,259 | €7,727 | ▼ 59.9% |
| Tangible fixed assets22/27 | €36,103 | €34,121 | €19,259 | €6,118 | ▼ 68.2% |
| Plant, machinery and equipment23 | €22,237 | €25,451 | €15,784 | €6,118 | ▼ 61.2% |
| Furniture and vehicles24 | €13,865 | €8,670 | €3,474 | - | - |
| Financial fixed assets28 | - | - | - | €1,609 | - |
| Current assets29/58 | €45,751 | €44,482 | €65,830 | €106,930 | ▲ 62.4% |
| Amounts receivable within one year40/41 | €40,160 | €35,876 | €60,289 | €101,894 | ▲ 69.0% |
| Trade receivables40 | €9,695 | €6,090 | €19,500 | €60,612 | ▲ 211% |
| Other amounts receivable41 | €30,465 | €29,786 | €40,789 | €41,283 | ▲ 1.2% |
| Cash at bank and in hand54/58 | €4,231 | €8,271 | €5,263 | €4,138 | ▼ 21.4% |
| Deferred charges and accrued income490/1 | €1,360 | €335 | €278 | €898 | ▲ 223% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €81,853 | €78,602 | €85,089 | €114,657 | ▲ 34.8% |
| Equity10/15 | €24,081 | €26,500 | €42,374 | €50,462 | ▲ 19.1% |
| Profit (loss) carried forward14 | €24,081 | €26,500 | €42,374 | €50,462 | ▲ 19.1% |
| Amounts payable17/49 | €57,772 | €52,102 | €42,715 | €64,195 | ▲ 50.3% |
| Amounts payable after more than one year17 | €32,269 | €25,767 | €19,108 | €12,289 | ▼ 35.7% |
| Financial debts170/4 | €32,269 | €25,767 | €19,108 | €12,289 | ▼ 35.7% |
| Amounts payable within one year42/48 | €25,503 | €26,336 | €23,607 | €51,906 | ▲ 120% |
| Current portion of amounts payable after more than one year42 | €6,350 | €6,502 | €6,659 | €6,819 | ▲ 2.4% |
| Trade debts44 | €7,349 | €623 | €7,788 | €33,307 | ▲ 328% |
| Suppliers440/4 | €7,349 | €623 | €7,788 | €33,307 | ▲ 328% |
| Taxes, remuneration and social security45 | €11,804 | €19,211 | €9,161 | €11,780 | ▲ 28.6% |
| Taxes450/3 | €10,404 | €19,211 | €9,161 | €11,780 | ▲ 28.6% |
| Remuneration and social security454/9 | €1,400 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,081 | €2,419 | €15,874 | €8,088 | ▼ 49.0% |
| + Depreciation and write-downs630 | €5,791 | €8,744 | €14,862 | €13,141 | ▼ 11.6% |
| Operating cash flow (approximation) | €29,873 | €11,163 | €30,736 | €21,229 | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | -€6,763 | €0 | -€1,609 | - |
| Change in cash | - | €4,039 | -€3,007 | -€1,125 | ▲ 62.6% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
31-03
Financial
Weakest financial yearnet €2,419 ▼90%
Net result drops to €2,419, the lowest in the series; recovery starts the following year.
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
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, Brussel · 1 establishment unit since 2020
Ground area
119 m²
Building footprint
58 m²
Volume, LiDAR
649 m³
Parcel 21819D0202/00Y003, Brussels · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ENGEMAR
since 20202.312.019.348
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0202/00Y003 | Brussels | 119 m² | 1 · 58 m² | 12.3 m · 4 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.
Recognitions · licences · registrations
Recognised contractor
16 categoriesENGEMAR SRL45576
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Of 29,787 companies in sector 41001 we hold annual accounts for 16,042. 13,071 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
Founded07-08-2020
Fiscal year end31-03
Activities, NACEBEL 2025
41001General construction of residential buildings
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43341Painting of buildings
43422Screed work
Contact
E-mail
info.engemar@gmail.comBrussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751902824
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.