Engetec
ActiveSummary
Engetec has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €159,856 and a net result of €12,890. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 52% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▼-11
Solvency73▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.93 against 1.81 in 2023; short-term debt: 51.8% and cash: 5.7% of total assets), but 51.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
30 d early
2022
31 d early
2021
38 d early
2020
40 d early
2019
87 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€159,856▲ 8.8%
2023 · €146,966
Total assets
€331,965▲ 4.8%
2023 · €316,678
Net result
€12,890▼ 68.3%
2023 · €40,618
Working capital
€159,856▲ 16.1%
2023 · €137,633
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€10,137▼ 20.9%€44,832▲ 342%€36,315▼ 19.0%€66,414▲ 82.9%€23,314▼ 64.9%
Net result€7,433within the sector's middle half▲ 13.4%€29,338above the sector's middle half▲ 295%€20,525within the sector's middle half▼ 30.0%€40,618above the sector's middle half▲ 97.9%€12,890within the sector's middle half▼ 68.3%
Equity€56,485within the sector's middle half▲ 15.2%€85,823within the sector's middle half▲ 51.9%€106,348within the sector's middle half▲ 23.9%€146,966above the sector's middle half▲ 38.2%€159,856above the sector's middle half▲ 8.8%
Total assets€107,621within the sector's middle half▼ 11.2%€438,641above the sector's middle half▲ 308%€388,999above the sector's middle half▼ 11.3%€316,678above the sector's middle half▼ 18.6%€331,965above the sector's middle half▲ 4.8%
Debt€51,136▼ 29.1%€352,818▲ 590%€282,651▼ 19.9%€169,711▼ 40.0%€172,109▲ 1.4%
Working capital€56,485within the sector's middle half▲ 15.2%€41,983within the sector's middle half▼ 25.7%€87,682within the sector's middle half▲ 109%€137,633above the sector's middle half▲ 57.0%€159,856above the sector's middle half▲ 16.1%
Solvency52.5%within the sector's middle half▲ 12.0pp19.6%below the sector's middle half▼ 32.9pp27.3%within the sector's middle half▲ 7.8pp46.4%within the sector's middle half▲ 19.1pp48.2%within the sector's middle half▲ 1.7pp
Current ratio2.10within the sector's middle half▲ 0.421.12within the sector's middle half▼ 0.991.31within the sector's middle half▲ 0.191.81within the sector's middle half▲ 0.501.93within the sector's middle half▲ 0.12
Return on assets (ROA)6.9%within the sector's middle half▲ 1.5pp6.7%within the sector's middle half▼ 0.2pp5.3%within the sector's middle half▼ 1.4pp12.8%within the sector's middle half▲ 7.5pp3.9%within the sector's middle half▼ 8.9pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 2024; 2024 is 65% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €331,965
Equity
€159,856 ▲ 8.8%
Debt
€172,109 ▲ 1.4%
Debt's share of the balance-sheet total falls from 53.6% to 51.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€32,647▼
2023 · €75,748
Cash flow
€22,223▼
2023 · €49,951
Debt to equity
1.08▼
2023 · 1.15
ROE
8.1%▼
2023 · 27.6%
Interest coverage
6.48▼
2023 · 7.34
Debt ≤ 1 year
€172,109▲
2023 · €169,711
Income taxes
€5,389▼
2023 · €15,478
Staff costs
€3▼
2023 · €239
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
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: 0.8% 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 497,662 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% | 1.7% |
| 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 75% 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 17,027 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €364 | €9 | €239 | €3 | ▼ 98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,614 | €9,333 | €9,333 | €9,333 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €7,076 | - |
| Other operating charges640/8 | - | €1,059 | €1,316 | €4,514 | €1,142 | ▼ 74.7% |
| Gross operating margin9900 | €13,043 | €48,868 | €46,972 | €80,501 | €40,868 | ▼ 49.2% |
| Operating profit (loss)9901 | €10,137 | €44,832 | €36,315 | €66,414 | €23,314 | ▼ 64.9% |
| Financial income75/76B | - | €3 | €312 | €1 | €0 | ▼ 88.7% |
| Recurring financial income75 | - | €3 | €312 | €1 | €0 | ▼ 88.7% |
| Financial charges65/66B | - | €3,235 | €7,360 | €10,319 | €5,035 | ▼ 51.2% |
| Recurring financial charges65 | €1,236 | €3,235 | €7,360 | €10,319 | €5,035 | ▼ 51.2% |
| Profit (loss) for the period before taxes9903 | €8,901 | €41,600 | €29,267 | €56,096 | €18,279 | ▼ 67.4% |
| Income taxes67/77 | €1,468 | €12,262 | €8,742 | €15,478 | €5,389 | ▼ 65.2% |
| Profit (loss) for the period9904 | €7,433 | €29,338 | €20,525 | €40,618 | €12,890 | ▼ 68.3% |
| Profit (loss) for the period to be appropriated9905 | €7,433 | €29,338 | €20,525 | €40,618 | €12,890 | ▼ 68.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €107,621 | €438,641 | €388,999 | €316,678 | €331,965 | ▲ 4.8% |
| Fixed assets21/28 | - | €43,840 | €18,667 | €9,333 | - | - |
| Tangible fixed assets22/27 | - | €43,840 | €18,667 | €9,333 | - | - |
| Furniture and vehicles24 | - | €43,840 | €18,667 | €9,333 | - | - |
| Current assets29/58 | €107,621 | €394,801 | €370,332 | €307,344 | €331,965 | ▲ 8.0% |
| Amounts receivable within one year40/41 | €106,840 | €386,663 | €355,532 | €279,199 | €313,130 | ▲ 12.2% |
| Trade receivables40 | - | €299,576 | €272,975 | €192,208 | €248,515 | ▲ 29.3% |
| Other amounts receivable41 | - | €87,087 | €82,557 | €86,991 | €64,615 | ▼ 25.7% |
| Cash at bank and in hand54/58 | €782 | €8,138 | €14,800 | €28,146 | €18,835 | ▼ 33.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €107,621 | €438,641 | €388,999 | €316,678 | €331,965 | ▲ 4.8% |
| Equity10/15 | €56,485 | €85,823 | €106,348 | €146,966 | €159,856 | ▲ 8.8% |
| Contributions10/11 | - | €11,155 | €11,155 | €11,155 | €11,155 | = |
| Reserves13 | €4,594 | €4,594 | €4,594 | €4,594 | €4,594 | = |
| Non-distributable reserves130/1 | - | €4,594 | €4,594 | €4,594 | €4,594 | = |
| Reserves not available under the articles1311 | - | €4,594 | €4,594 | €4,594 | €4,594 | = |
| Profit (loss) carried forward14 | €40,736 | €70,074 | €90,599 | €131,217 | €144,106 | ▲ 9.8% |
| Amounts payable17/49 | €51,136 | €352,818 | €282,651 | €169,711 | €172,109 | ▲ 1.4% |
| Amounts payable within one year42/48 | €51,136 | €352,818 | €282,651 | €169,711 | €172,109 | ▲ 1.4% |
| Financial debts43 | - | €15,000 | €25,000 | - | €75,000 | - |
| Credit institutions430/8 | - | €15,000 | €25,000 | - | €75,000 | - |
| Trade debts44 | €46,093 | €324,563 | €163,587 | €63,025 | €28,031 | ▼ 55.5% |
| Suppliers440/4 | - | €324,563 | €163,587 | €63,025 | €28,031 | ▼ 55.5% |
| Taxes, remuneration and social security45 | - | €13,255 | €24,728 | €37,351 | €19,743 | ▼ 47.1% |
| Taxes450/3 | - | €12,626 | €19,900 | €33,323 | €19,734 | ▼ 40.8% |
| Remuneration and social security454/9 | - | €628 | €4,828 | €4,028 | €9 | ▼ 99.8% |
| Other amounts payable47/48 | - | - | €69,335 | €69,335 | €49,335 | ▼ 28.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,433 | €29,338 | €20,525 | €40,618 | €12,890 | ▼ 68.3% |
| + Depreciation and write-downs630 | - | €2,614 | €9,333 | €9,333 | €9,333 | = |
| Operating cash flow (approximation) | €7,433 | €31,952 | €29,858 | €49,951 | €22,223 | ▼ 55.5% |
| Investment in fixed assets (approximation) | - | - | €15,840 | €0 | - | - |
| Change in cash | - | €7,356 | €6,662 | €13,346 | -€9,310 | ▼ 170% |
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
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €150,000Eq €159,856 ▲8.8%
7 profitable years in a row build equity to €159,856.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €40,618 ▲97.9%
Operating result €66,414, net result €40,618, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €106,348 ▲23.9%
5 profitable years in a row build equity to €106,348.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 87 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Beringen · 1 establishment unit since 1999
Ground area
1,603 m²
Building footprint
414 m²
Volume, LiDAR
2,891 m³
2 parcels, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Meylandtlaan 166, 3550 Heusden-Zolder
since 19992.090.069.688
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065F0198/00G000 | Flanders | 967 m² | 1 · 209 m² | 10.3 m · 3 fl. |
| 71005C0763/00G000 | Flanders | 636 m² | 1 · 205 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,960 companies in sector 43331 we hold annual accounts for 1,788. 1,474 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
Founded28-01-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43331Floor and wall tiling
82920Office administrative, office support and other business support activities
43310Plastering work
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465057986
Also
9925:BE0465057986
Registered
12-12-2024
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.