ENGENEERING DEVELOPMENT COMPANY
ActiveENGENEERING DEVELOPMENT COMPANY has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €817k and a net result of €116k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 1888 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
93
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-6
Solvency93=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.85 in 2024), and 43.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.1%
Return on assets
8%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
35 d early
2023
40 d early
2022
14 d late
2021
12 d late
2020
29 d early
2019
64 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€116k▼ 3.5%
2024 · €121k
2018: €-11k
2019: €110k
2020: €3k
2021: €7k
2022: €128k
2023: €156k
2024: €121k
2018 → 2025
Working capital
€387k▲ 2.6%
2024 · €377k
2018: €287k
2019: €265k
2020: €130k
2021: €309k
2022: €350k
2023: €270k
2024: €377k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€571k-€699k▲ 22.4%€668k▼ 4.4%€785k▲ 17.6%€817k▲ 4.1%
Operating result€41k-€190k▲ 368%€246k▲ 29.7%€182k▼ 26.2%€191k▲ 5.3%
Net result€7k-€128k▲ 1,608%€156k▲ 22.4%€121k▼ 22.9%€116k▼ 3.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.46M
Fixed assets
€597k▼ 13.2%
Current assets
€859k▲ 4.8%
Equity and liabilities €1.46M
Equity
€817k▲ 4.1%
Debt
€639k▼ 11.6%
The debt ratio falls from 47.9% to 43.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€334k▲
2024 · €320k
Cash flow
€259k▲
2024 · €259k
Solvency
56.1%▲
2024 · 52.1%
Current ratio
1.82▼
2024 · 1.85
Quick ratio
1.29▼
2024 · 1.47
Debt / equity
0.78▼
2024 · 0.92
ROE
14.3%▼
2024 · 15.4%
ROA
8.0%▼
2024 · 8.0%
Interest coverage
26.01▼
2024 · 27.91
Debt
€639k▼
2024 · €722k
Debt ≤ 1 year
€471k▲
2024 · €442k
Debt > 1 year
€167k▼
2024 · €280k
Income taxes
€68k▲
2024 · €57k
Staff costs
€467k▼
2024 · €568k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.51M€1.46M▼
Fixed assets21/28€688k€597k▼
Tangible fixed assets22/27€688k€597k▼
Land and buildings22€195k€156k▼
Plant, machinery and equipment23€485k€401k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€5k€4k▼
Assets under construction and advance payments27-€35k
Current assets29/58€819k€859k▲
Stocks and contracts in progress3€171k€251k▲
Stocks30/36€171k€251k▲
Amounts receivable within one year40/41€290k€230k▼
Trade receivables40€287k€219k▼
Other amounts receivable41€3k€12k▲
Cash at bank and in hand54/58€355k€374k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.51M€1.46M▼
Equity10/15€785k€817k▲
Contributions10/11€20k€20k=
Reserves13€746k€781k▲
Non-distributable reserves130/1€22k€22k=
Reserves not available under the articles1311€22k€22k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€705k€740k▲
Investment grants15€19k€16k▼
Amounts payable17/49€722k€639k▼
Amounts payable after more than one year17€280k€167k▼
Financial debts170/4€280k€167k▼
Amounts payable within one year42/48€442k€471k▲
Current portion of amounts payable after more than one year42€114k€113k▼
Trade debts44€225k€287k▲
Suppliers440/4€225k€287k▲
Taxes, remuneration and social security45€103k€67k▼
Taxes450/3€40k€3k▼
Remuneration and social security454/9€62k€64k▲
Other amounts payable47/48€204€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€568k€467k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€138k€143k▲
Other operating charges640/8€12k€14k▲
Gross operating margin9900€900k€815k▼
Operating profit (loss)9901€182k€191k▲
Financial income75/76B€7k€6k▼
Recurring financial income75€7k€6k▼
Financial charges65/66B€11k€13k▲
Recurring financial charges65€11k€13k▲
Profit (loss) for the period before taxes9903€178k€184k▲
Income taxes67/77€57k€68k▲
Profit (loss) for the period9904€121k€116k▼
Profit (loss) for the period to be appropriated9905€121k€116k▼
Appropriation of the result
Profit (loss) to be appropriated9906€121k€116k▼
Transfer from equity791/2-€81k
Transfer to equity691/2€121k€116k▼
To other reserves6921€121k€116k▼
Profit to be distributed694/7-€81k
Return on contributions (dividend)694-€81k
Social balance
Average headcount (FTE)90878.6-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €156k ▲22.4%
Operating result €246k, net result €156k, both a record.
14-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 14 days late
2022
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 12 days late
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €110k
Net result €110k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 14 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 28 days late
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are 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, Tubize · 1 establishment unit since 2000
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.
Rue de Bruxelles 3551480 TubizeGround area
3,535 m²
Building footprint
1,280 m²
Volume, LiDAR
8,166 m³
Parcel 25105B0366/00T000, Wallonia · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ENDECO SPRL
since 20002.065.429.215
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105B0366/00T000 | Wallonia | 3,535 m² | 1 · 1,280 m² | 8.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTubize2.065.429.215
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Of 3,447 companies in sector 25530 we hold annual accounts for 1,644. 1,181 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-1994
Fiscal year end31-12
Abbreviation FR
EN-DE-CO
Activities, NACEBEL
25530Machining of metals
25999Manufacture of fabricated metal products, except machinery and equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.