ENGICAM
ActiveSummary
ENGICAM has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €466,028 and a net result of -€57,818. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 8871 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-62
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.31 against 2.56 in 2024; short-term debt: 6.7% and cash: 1% of total assets), and 7.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer 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
92.3%
Return on assets
-11.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€57,818
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
on the day
2023
84 d early
2022
7 d early
2021
31 d late
2020
31 d late
2019
2 d early
← 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 1 day before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 31 July (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€466,028▼ 16.7%
2024 · €559,189
Total assets
€504,714▼ 16.3%
2024 · €602,971
Net result
-€57,818▼ 622%
2024 · -€8,012
Working capital
€10,394▼ 80.8%
2024 · €54,080
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€73,207▼ 16.7%€28,992▼ 60.4%€65,776▲ 127%-€2,845-€53,236▼ 1,771%
Net result€46,440within the sector's middle half▼ 16.7%€19,971within the sector's middle half▼ 57.0%€42,285within the sector's middle half▲ 112%-€8,012below the sector's middle half-€57,818below the sector's middle half▼ 622%
Equity€506,545above the sector's middle half▲ 10.1%€526,516above the sector's middle half▲ 3.9%€567,201above the sector's middle half▲ 7.7%€559,189above the sector's middle half▼ 1.4%€466,028within the sector's middle half▼ 16.7%
Total assets€607,110above the sector's middle half▲ 5.7%€603,268above the sector's middle half▼ 0.6%€663,352above the sector's middle half▲ 10.0%€602,971above the sector's middle half▼ 9.1%€504,714within the sector's middle half▼ 16.3%
Debt€100,565▼ 11.8%€76,752▼ 23.7%€96,151▲ 25.3%€43,782▼ 54.5%€38,685▼ 11.6%
Working capital€35,390within the sector's middle half▲ 66.7%€24,510within the sector's middle half▼ 30.7%€26,246within the sector's middle half▲ 7.1%€54,080within the sector's middle half▲ 106%€10,394within the sector's middle half▼ 80.8%
Solvency83.4%above the sector's middle half▲ 3.3pp87.3%above the sector's middle half▲ 3.8pp85.5%above the sector's middle half▼ 1.8pp92.7%above the sector's middle half▲ 7.2pp92.3%above the sector's middle half▼ 0.4pp
Current ratio1.43within the sector's middle half▲ 0.121.32within the sector's middle half▼ 0.111.32within the sector's middle half=2.56within the sector's middle half▲ 1.251.31within the sector's middle half▼ 1.25
Return on assets (ROA)7.6%within the sector's middle half▼ 2.1pp3.3%within the sector's middle half▼ 4.3pp6.4%within the sector's middle half▲ 3.1pp-1.3%below the sector's middle half▼ 7.7pp-11.5%below the sector's middle half▼ 10.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €53,236 in 2025 against €2,845 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €504,714
Fixed assets
€460,675 ▼ 10.4%
Current assets
€44,039 ▼ 50.3%
Equity and liabilities €504,714
Equity
€466,028 ▼ 16.7%
Debt
€38,685 ▼ 11.6%
Debt's share of the balance-sheet total rises from 7.3% to 7.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€378▼
2024 · €55,095
Cash flow
-€4,203▼
2024 · €49,928
Debt to equity
0.08▲
2024 · 0.08
ROE
-12.4%▼
2024 · -1.4%
Interest coverage
0.07▼
2024 · 28.04
Debt ≤ 1 year
€33,645▼
2024 · €34,602
Debt > 1 year
€4,673▼
2024 · €8,813
Income taxes
€542▼
2024 · €3,920
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.8%
stopped otherwise
90%
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 0.1% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 928 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 | - | - | €750 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,937 | €28,400 | €48,414 | €57,940 | €53,614 | ▼ 7.5% |
| Other operating charges640/8 | €3,372 | €5,453 | €4,332 | €3,918 | €26,300 | ▲ 571% |
| Gross operating margin9900 | €99,516 | €62,845 | €118,522 | €59,013 | €26,678 | ▼ 54.8% |
| Operating profit (loss)9901 | €73,207 | €28,992 | €65,776 | -€2,845 | -€53,236 | ▼ 1,771% |
| Financial income75/76B | €12 | €5,359 | €40 | €717 | €1,249 | ▲ 74.1% |
| Recurring financial income75 | €12 | €5,359 | €40 | €717 | €1,249 | ▲ 74.1% |
| Financial charges65/66B | €5,834 | €2,958 | €3,452 | €1,965 | €5,288 | ▲ 169% |
| Recurring financial charges65 | €5,834 | €2,958 | €3,452 | €1,965 | €5,288 | ▲ 169% |
| Profit (loss) for the period before taxes9903 | €67,385 | €31,392 | €62,364 | -€4,092 | -€57,275 | ▼ 1,300% |
| Income taxes67/77 | €20,944 | €11,421 | €20,079 | €3,920 | €542 | ▼ 86.2% |
| Profit (loss) for the period9904 | €46,440 | €19,971 | €42,285 | -€8,012 | -€57,818 | ▼ 622% |
| Profit (loss) for the period to be appropriated9905 | €46,440 | €19,971 | €42,285 | -€8,012 | -€57,818 | ▼ 622% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €607,110 | €603,268 | €663,352 | €602,971 | €504,714 | ▼ 16.3% |
| Fixed assets21/28 | €489,341 | €502,005 | €554,116 | €514,289 | €460,675 | ▼ 10.4% |
| Tangible fixed assets22/27 | €489,043 | €501,708 | €553,819 | €513,991 | €460,377 | ▼ 10.4% |
| Land and buildings22 | €469,412 | €448,506 | €502,044 | €481,595 | €446,969 | ▼ 7.2% |
| Plant, machinery and equipment23 | €947 | €1,521 | €2,853 | €1,557 | €349 | ▼ 77.6% |
| Furniture and vehicles24 | €18,684 | €51,681 | €48,922 | €30,839 | €13,059 | ▼ 57.7% |
| Financial fixed assets28 | €297 | €297 | €297 | €297 | €297 | = |
| Current assets29/58 | €117,769 | €101,262 | €109,235 | €88,682 | €44,039 | ▼ 50.3% |
| Amounts receivable within one year40/41 | €32,597 | €33,856 | €22,521 | €76,884 | €31,330 | ▼ 59.3% |
| Trade receivables40 | €32,594 | €33,021 | €21,665 | €15,337 | €23,833 | ▲ 55.4% |
| Other amounts receivable41 | €3 | €835 | €856 | €61,547 | €7,497 | ▼ 87.8% |
| Cash at bank and in hand54/58 | €55,744 | €12,499 | €8,368 | €5,084 | €4,967 | ▼ 2.3% |
| Deferred charges and accrued income490/1 | €29,429 | €54,908 | €78,346 | €6,714 | €7,743 | ▲ 15.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €607,110 | €603,268 | €663,352 | €602,971 | €504,714 | ▼ 16.3% |
| Equity10/15 | €506,545 | €526,516 | €567,201 | €559,189 | €466,028 | ▼ 16.7% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Revaluation surpluses12 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €143,668 | €163,638 | €204,296 | €204,296 | €168,953 | ▼ 17.3% |
| Non-distributable reserves130/1 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | €6,150 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | €137,518 | €157,488 | €198,146 | €198,146 | €162,803 | ▼ 17.8% |
| Profit (loss) carried forward14 | €201,377 | €201,377 | €201,405 | €193,393 | €135,575 | ▼ 29.9% |
| Amounts payable17/49 | €100,565 | €76,752 | €96,151 | €43,782 | €38,685 | ▼ 11.6% |
| Amounts payable after more than one year17 | €18,186 | - | €12,794 | €8,813 | €4,673 | ▼ 47.0% |
| Financial debts170/4 | €18,186 | - | €12,794 | €8,813 | €4,673 | ▼ 47.0% |
| Amounts payable within one year42/48 | €82,379 | €76,752 | €82,989 | €34,602 | €33,645 | ▼ 2.8% |
| Current portion of amounts payable after more than one year42 | €47,567 | €10,591 | €3,827 | €3,981 | €4,140 | ▲ 4.0% |
| Financial debts43 | €1,836 | €1,020 | €4,052 | €6,129 | €2,648 | ▼ 56.8% |
| Credit institutions430/8 | €1,836 | €1,020 | €4,052 | €6,129 | €2,648 | ▼ 56.8% |
| Trade debts44 | €3,999 | €45,110 | €4,529 | €3,674 | €2,124 | ▼ 42.2% |
| Suppliers440/4 | €3,999 | €45,110 | €4,529 | €3,674 | €2,124 | ▼ 42.2% |
| Taxes, remuneration and social security45 | €26,669 | €18,985 | €25,860 | €20,818 | €19,340 | ▼ 7.1% |
| Taxes450/3 | €26,669 | €18,985 | €21,705 | €17,500 | €18,340 | ▲ 4.8% |
| Remuneration and social security454/9 | - | - | €4,155 | €3,318 | €1,000 | ▼ 69.9% |
| Other amounts payable47/48 | €2,308 | €1,047 | €44,722 | - | €5,393 | - |
| Accrued charges and deferred income492/3 | - | - | €368 | €368 | €368 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,440 | €19,971 | €42,285 | -€8,012 | -€57,818 | ▼ 622% |
| + Depreciation and write-downs630 | €22,937 | €28,400 | €48,414 | €57,940 | €53,614 | ▼ 7.5% |
| Operating cash flow (approximation) | €69,378 | €48,371 | €90,699 | €49,928 | -€4,203 | ▼ 108% |
| Investment in fixed assets (approximation) | - | -€41,065 | -€100,525 | -€18,112 | €0 | ▲ 100% |
| Change in cash | - | -€43,244 | -€4,131 | -€3,284 | -€117 | ▲ 96.4% |
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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet -€57,818
Net result drops to -€57,818, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €500,000Eq €506,545 ▲10.1%
4 profitable years in a row build equity to €506,545.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €55,735 ▲57.7%
Operating result €87,894, net result €55,735, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Schoten · 1 establishment unit since 1989
Ground area
4,715 m²
Building footprint
576 m²
Volume, LiDAR
3,385 m³
2 parcels, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Top Engineering NV
since 19892.102.744.224
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11040D0146/00N003 | Flanders | 2,785 m² | 1 · 238 m² | 10.7 m · 2 fl. |
| 11040D0184/00A009 | Flanders | 1,930 m² | 1 · 338 m² | 10.6 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500ORYOAP4G3SZ627
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Of 82,601 companies in this sector we hold annual accounts for 52,629. 35,249 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded24-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0437100509
Also
9925:BE0437100509
Registered
04-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.