ENGETIL
ActiveSummary
ENGETIL has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €651,072 and a net result of €250,213. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 30% of 2062 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+6
Solvency53▼-4
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.52 in 2024; short-term debt: 61% and cash: 30.1% of total assets), but 72.2% of the assets are financed with debt.
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Signals
Six 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
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
27.8%
Return on assets
10.7%
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
21 d early
2023
20 d early
2022
23 d late
2021
16 d early
2020
34 d late
2019
76 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 8 days after 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 (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 employer in Fleurus, Construction sector
Turnover
€5.3m
EBIT margin
4.0%
Net result
€250,213▲ 36.9%
2024 · €182,760
Working capital
€762,551▼ 23.5%
2024 · €996,540
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
Line20212022202320242025
Turnover
Operating result€344,698▲ 848%€292,870▼ 15.0%€134,911▼ 53.9%€295,223▲ 119%€371,947▲ 26.0%
Net result€263,534▲ 5,131%€192,079▼ 27.1%€63,944▼ 66.7%€182,760▲ 186%€250,213▲ 36.9%
EBIT margin
Equity€750,885▲ 54.1%€874,481▲ 16.5%€906,767▲ 3.7%€989,527▲ 9.1%€651,072▼ 34.2%
Total assets€2.7m▲ 1.8%€2.7m▼ 2.7%€2.7m▲ 3.4%€3.1m▲ 13.9%€2.3m▼ 25.1%
Debt€2.0m▼ 9.8%€1.6m▼ 20.8%€1.7m▲ 5.6%€1.9m▲ 18.0%€1.5m▼ 22.8%
Working capital€1.1m▲ 27.5%€1.2m▲ 7.8%€1.2m▲ 0.1%€996,540▼ 14.7%€762,551▼ 23.5%
Staff (FTE)49.3▼ 0.6%47.1▼ 4.5%42.3▼ 10.2%40.9▼ 3.3%39.1▼ 4.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€149,564 ▼ 24.0%
Current assets
€2.2m ▼ 25.2%
Equity and liabilities €2.3m
Equity
€651,072 ▼ 34.2%
Provisions
€185,000 =
Debt
€1.5m ▼ 22.8%
Debt's share of the balance-sheet total rises from 62.4% to 64.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€432,009▲
2024 · €352,544
Cash flow
€310,274▲
2024 · €240,081
Current ratio
1.53▲
2024 · 1.52
Quick ratio
1.35▲
2024 · 1.35
Debt to equity
2.31▲
2024 · 1.97
ROE
38.4%▲
2024 · 18.5%
ROA
10.7%▲
2024 · 5.9%
Interest coverage
46.97▲
2024 · 14.06
Debt ≤ 1 year
€1.4m▼
2024 · €1.9m
Debt > 1 year
€14,132▼
2024 · €18,900
Income taxes
€112,538▲
2024 · €90,943
Staff costs
€2.0m▼
2024 · €2.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,600 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.0%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
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 2,600 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €18,753 | €52,196 | - | - | - | - |
| Remuneration, social security and pensions62 | €2.2m | €2.3m | €2.1m | €2.1m | €2.0m | ▼ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,929 | €32,971 | €45,564 | €57,321 | €60,062 | ▲ 4.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €215,000 | -€30,000 | - | - | - |
| Other operating charges640/8 | €5,349 | €11,971 | €7,615 | €6,980 | €22,581 | ▲ 223% |
| Non-recurring operating charges66A | €2,314 | - | - | - | - | - |
| Gross operating margin9900 | €2.6m | €2.8m | €2.3m | €2.4m | €2.5m | ▲ 1.8% |
| Operating profit (loss)9901 | €344,698 | €292,870 | €134,911 | €295,223 | €371,947 | ▲ 26.0% |
| Financial income75/76B | €106 | €152 | €74 | €3,552 | - | - |
| Recurring financial income75 | €106 | €152 | €74 | €3,552 | - | - |
| Financial charges65/66B | €32,574 | €37,171 | €33,147 | €25,072 | €9,197 | ▼ 63.3% |
| Recurring financial charges65 | €32,574 | €37,171 | €33,147 | €25,072 | €9,197 | ▼ 63.3% |
| Profit (loss) for the period before taxes9903 | €312,230 | €255,851 | €101,838 | €273,703 | €362,750 | ▲ 32.5% |
| Income taxes67/77 | €48,696 | €63,772 | €37,895 | €90,943 | €112,538 | ▲ 23.7% |
| Profit (loss) for the period9904 | €263,534 | €192,079 | €63,944 | €182,760 | €250,213 | ▲ 36.9% |
| Profit (loss) for the period to be appropriated9905 | €263,534 | €192,079 | €63,944 | €182,760 | €250,213 | ▲ 36.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.7m | €2.7m | €2.7m | €3.1m | €2.3m | ▼ 25.1% |
| Fixed assets21/28 | €119,959 | €172,788 | €173,248 | €196,888 | €149,564 | ▼ 24.0% |
| Intangible fixed assets21 | €68 | €51,451 | €45,914 | €33,413 | €20,911 | ▼ 37.4% |
| Tangible fixed assets22/27 | €116,264 | €119,410 | €125,407 | €161,548 | €126,726 | ▼ 21.6% |
| Plant, machinery and equipment23 | €87,524 | €85,326 | €83,342 | €100,238 | €73,625 | ▼ 26.6% |
| Furniture and vehicles24 | €10,229 | €7,676 | €6,558 | €19,147 | €13,388 | ▼ 30.1% |
| Other tangible fixed assets26 | €18,510 | €26,409 | €35,507 | €42,163 | €39,714 | ▼ 5.8% |
| Financial fixed assets28 | €3,627 | €1,927 | €1,927 | €1,927 | €1,927 | = |
| Current assets29/58 | €2.6m | €2.5m | €2.6m | €2.9m | €2.2m | ▼ 25.2% |
| Stocks and contracts in progress3 | €292,742 | €330,217 | €305,922 | €330,126 | €265,226 | ▼ 19.7% |
| Stocks30/36 | €280,163 | €296,532 | €271,737 | €285,426 | €245,171 | ▼ 14.1% |
| Contracts in progress37 | €12,579 | €33,685 | €34,185 | €44,700 | €20,055 | ▼ 55.1% |
| Amounts receivable within one year40/41 | €1.2m | €1.3m | €1.3m | €942,387 | €1.2m | ▲ 27.1% |
| Trade receivables40 | €1.2m | €1.1m | €1.2m | €859,858 | €1.1m | ▲ 32.8% |
| Other amounts receivable41 | €65,852 | €227,775 | €97,863 | €82,528 | €55,097 | ▼ 33.2% |
| Cash at bank and in hand54/58 | €1.1m | €794,383 | €889,741 | €1.6m | €704,501 | ▼ 56.5% |
| Deferred charges and accrued income490/1 | €21,223 | €27,446 | €28,039 | €31,822 | €22,406 | ▼ 29.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.7m | €2.7m | €2.7m | €3.1m | €2.3m | ▼ 25.1% |
| Equity10/15 | €750,885 | €874,481 | €906,767 | €989,527 | €651,072 | ▼ 34.2% |
| Contributions10/11 | €471,000 | €471,000 | €471,000 | €471,000 | €471,000 | = |
| Capital10 | €471,000 | €471,000 | €471,000 | €471,000 | €471,000 | = |
| Issued capital100 | €471,000 | €471,000 | €471,000 | €471,000 | €471,000 | = |
| Reserves13 | €222,300 | €222,300 | €222,300 | €222,300 | €47,100 | ▼ 78.8% |
| Non-distributable reserves130/1 | €47,100 | €47,100 | €47,100 | €47,100 | €47,100 | = |
| Legal reserve130 | €47,100 | €47,100 | €47,100 | €47,100 | €47,100 | = |
| Distributable reserves133 | €175,200 | €175,200 | €175,200 | €175,200 | - | - |
| Profit (loss) carried forward14 | €57,585 | €181,181 | €213,467 | €296,227 | €132,972 | ▼ 55.1% |
| Provisions and deferred taxes16 | - | €215,000 | €185,000 | €185,000 | €185,000 | = |
| Provisions for liabilities and charges160/5 | - | €215,000 | €185,000 | €185,000 | €185,000 | = |
| Environmental obligations163 | - | €215,000 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €185,000 | €185,000 | €185,000 | = |
| Amounts payable17/49 | €2.0m | €1.6m | €1.7m | €1.9m | €1.5m | ▼ 22.8% |
| Amounts payable after more than one year17 | €452,829 | €250,580 | €250,000 | €18,900 | €14,132 | ▼ 25.2% |
| Financial debts170/4 | €452,829 | €250,580 | €250,000 | €18,900 | €14,132 | ▼ 25.2% |
| Amounts payable within one year42/48 | €1.5m | €1.3m | €1.4m | €1.9m | €1.4m | ▼ 26.0% |
| Current portion of amounts payable after more than one year42 | €6,799 | €6,899 | €578 | €4,582 | €4,768 | ▲ 4.1% |
| Financial debts43 | - | €195,349 | €195,349 | €445,349 | - | - |
| Other loans439 | - | €195,349 | €195,349 | €445,349 | - | - |
| Trade debts44 | €1.1m | €825,902 | €859,833 | €1.1m | €943,376 | ▼ 10.5% |
| Suppliers440/4 | €1.1m | €825,902 | €859,833 | €1.1m | €943,376 | ▼ 10.5% |
| Taxes, remuneration and social security45 | €287,124 | €215,772 | €294,785 | €323,755 | €279,893 | ▼ 13.5% |
| Taxes450/3 | €29,011 | €5,879 | €41,680 | €56,383 | €43,178 | ▼ 23.4% |
| Remuneration and social security454/9 | €258,113 | €209,893 | €253,105 | €267,372 | €236,715 | ▼ 11.5% |
| Other amounts payable47/48 | €86,175 | €68,478 | €50,275 | €101,987 | €198,922 | ▲ 95.0% |
| Accrued charges and deferred income492/3 | - | €556 | - | - | €61,910 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €263,534 | €192,079 | €63,944 | €182,760 | €250,213 | ▲ 36.9% |
| + Depreciation and write-downs630 | €27,929 | €32,971 | €45,564 | €57,321 | €60,062 | ▲ 4.8% |
| Operating cash flow (approximation) | €291,462 | €225,050 | €109,508 | €240,081 | €310,274 | ▲ 29.2% |
| Investment in fixed assets (approximation) | - | -€85,800 | -€46,025 | -€80,961 | -€12,738 | ▲ 84.3% |
| Change in cash | - | -€258,388 | €95,359 | €731,633 | -€916,873 | ▼ 225% |
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
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 23 days late
2022
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €263,534 ▲5,131%
Net result €263,534, the highest in the series.
31-12
Financial
Equity above €500,000Eq €750,885 ▲54.1%
2 profitable years in a row build equity to €750,885.
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 34 days late
2020
31-12
Financial
Back to profitnet €5,038
Net result €5,038 after one loss-making year.
15-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 76 days late
2019
31-12
Financial
Weakest financial yearnet -€367,951
Net result drops to -€367,951, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Fleurus · 1 establishment unit since 2002
Ground area
5,752 m²
Building footprint
2,139 m²
Volume, LiDAR
12,794 m³
Parcel 52021C0318/00L005, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue des Fabriques(FL) 12, 6220 Fleurus
since 20022.065.889.271
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52021C0318/00L005 | Wallonia | 5,752 m² | 1 · 2,139 m² | 7.0 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- EUROREF
- ENGETIL
Highest known parent: EUROREF. The sources do not say who stands above it.
Owners 1
- EUROREFparent100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of ENGETIL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
1 categoryENGETIL SA32228
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,420. 4,061 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Contact
E-mail
info@engetil.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452053652
Also
9925:BE0452053652
Registered
10-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.