ENGICO
InactiveInactive since 12-09-2026; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 20-07-2026, 11 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
11 d early
2024
8 d early
2023
5 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, abbreviated schema
Equity
€563k▲ 34.9%
2024 · €417k
2023: €167k
2024: €417k
2023 → 2025
Total assets
€2.09M▼ 24.6%
2024 · €2.77M
2023: €2.78M
2024: €2.77M
2023 → 2025
Net result
€146k▼ 48.6%
2024 · €283k
2023: €171k
2024: €283k
2023 → 2025
Working capital
€377k▲ 237%
2024 · €112k
2023: €354k
2024: €112k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€167k-€417k▲ 149%€563k▲ 34.9%
Operating result€258k-€438k▲ 69.7%€263k▼ 39.9%
Net result€171k-€283k▲ 65.4%€146k▼ 48.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.09M
Fixed assets
€1.49M ▼ 13.2%
Current assets
€600k ▼ 43.1%
Equity and liabilities €2.09M
Equity
€563k ▲ 34.9%
Debt
€1.53M ▼ 35.1%
Debt's share of the balance-sheet total falls from 85.0% to 73.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€518k▼
2024 · €701k
Cash flow
€400k▼
2024 · €546k
Current ratio
2.69▲
2024 · 1.12
Quick ratio
2.51▲
2024 · 1.12
Debt to equity
2.72▼
2024 · 5.64
ROE
25.9%▼
2024 · 67.9%
ROA
7.0%▼
2024 · 10.2%
Interest coverage
9.13▼
2024 · 16.17
Debt ≤ 1 year
€223k▼
2024 · €941k
Debt > 1 year
€1.31M▼
2024 · €1.41M
Income taxes
€62k▼
2024 · €114k
Staff costs
€428k▼
2024 · €683k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.77M€2.09M▼
Fixed assets21/28€1.72M€1.49M▼
Intangible fixed assets21€1.51M€1.33M▼
Tangible fixed assets22/27€209k€160k▼
Plant, machinery and equipment23€7k€778▼
Furniture and vehicles24€185k€159k▼
Other tangible fixed assets26€18k€0▼
Current assets29/58€1.05M€600k▼
Stocks and contracts in progress3-€40k
Stocks30/36-€40k
Amounts receivable within one year40/41€549k€457k▼
Trade receivables40€487k€180k▼
Other amounts receivable41€62k€276k▲
Cash at bank and in hand54/58€493k€100k▼
Deferred charges and accrued income490/1€11k€3k▼
Equity and liabilities
Total equity and liabilities10/49€2.77M€2.09M▼
Equity10/15€417k€563k▲
Contributions10/11€20k€20k=
Reserves13€397k€543k▲
Tax-exempt reserves132€105k€105k=
Distributable reserves133€292k€437k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€2.35M€1.53M▼
Amounts payable after more than one year17€1.41M€1.31M▼
Financial debts170/4€678k€570k▼
Other amounts payable178/9€735k€735k=
Amounts payable within one year42/48€941k€223k▼
Current portion of amounts payable after more than one year42€180k€167k▼
Trade debts44€42k€36k▼
Suppliers440/4€42k€36k▼
Taxes, remuneration and social security45€236k€0▼
Taxes450/3€114k€0▼
Remuneration and social security454/9€122k€0▼
Other amounts payable47/48€483k€20k▼
Income statement
Code20242025
Non-recurring operating income76A€4k€9k▲
Remuneration, social security and pensions62€683k€428k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€263k€255k▼
Other operating charges640/8€6k€6k▲
Non-recurring operating charges66A-€19k
Gross operating margin9900€1.39M€970k▼
Operating profit (loss)9901€438k€263k▼
Financial income75/76B€3k€2k▼
Recurring financial income75€3k€2k▼
Financial charges65/66B€43k€57k▲
Recurring financial charges65€43k€57k▲
Profit (loss) for the period before taxes9903€397k€208k▼
Income taxes67/77€114k€62k▼
Profit (loss) for the period9904€283k€146k▼
Transfer to tax-exempt reserves689€105k€0▼
Profit (loss) for the period to be appropriated9905€178k€146k▼
Appropriation of the result
Profit (loss) to be appropriated9906€178k€146k▼
Transfer to equity691/2€144k€146k▲
To other reserves6921€144k€146k▲
Profit to be distributed694/7€34k€0▼
Employees696€34k€0▼
Social balance
Average headcount (FTE)90877.75.7▼
The notes to these accounts (22 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
22-09
State Gazette act
General meeting · MergerResignation: bestuurder van de Overgenomen Vennootschap (director) · Director discharge11 facts ▸
State Gazette act
General meeting · Merger
Resignation: bestuurder van de Overgenomen Vennootschap (director) · Director discharge11 facts ▸
- General meeting, 31-07-2026
- Merger, fusie door overneming gelijkgestelde verrichting, alle aandelen en andere stemrechtverlenende effecten van de Overgenomen Vennootschap rechtstreeks of onrechtst…
- Other statement, laatste jaarrekening, boekjaar minder dan zes maanden vóór datum van het fusievoorstel afgesloten
- Other statement, goedkeuring jaarrekening, 18-06-2026
- Other statement, goedkeuring jaarrekening, 28-07-2026
- Other statement, bevoorrechte aandelen of effecten, geen bevoorrechte aandelen of effecten waaraan bijzondere rechten zijn toegekend
- Other statement, bijzondere voordelen voor bestuursorganen, geen bijzondere voordelen toegekend aan de leden van de bestuursorganen van de fuserende vennootschappen
- Other statement, uitgifte van aandelen, geen uitgifte van nieuwe aandelen vereist
- Other statement, vaststelling fusie, fusie is voltrokken
- Director resignation, bestuurder van de Overgenomen Vennootschap (director)
- Director discharge, bestuurder van de Overgenomen Vennootschap (director)
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
25-06
State Gazette act
RestructuringPermanent representative: Christ Taghon · Merger · Accounting effect5 facts ▸
State Gazette act
Restructuring
Permanent representative: Christ Taghon · Merger · Accounting effect5 facts ▸
- Board meeting, 12-06-2026
- Merger, vereenvoudigde zusterfusie
- Accounting effect, 01-01-2026
- Permanent representative, Christ Taghon
- Share distribution, all 100 shares of CODIUS and all 12,000 shares of ENGICO are fully owned by BV AQRON; no new shares to be issued (art. 12:7, 2° WVV)
2025
31-12
Financial
Weakest financial yearnet €146k ▼48.6%
Net result drops to €146k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 2.69
Current ratio from 1.12 to 2.69; short-term debt falls from €941k to €223k.
31-12
Financial
Equity above €500kEq €563k ▲34.9%
3 profitable years in a row build equity to €563k.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2023net €283k ▲65.4%
Operating result €438k, net result €283k, both a record.
31-12
Financial
Equity above €200kEq €417k ▲149%
2 profitable years in a row build equity to €417k.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 2 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-09-2026
Resigned as Director
Not every act has been read: a resignation may be missing here
1 of this company's 3 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ingelmunster
Ground area
2,209 m²
Building footprint
539 m²
Volume, LiDAR
27 m³
Parcel 36007A1066/00A000, Flanders · tallest building 1.3 m. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007A1066/00A000 | Flanders | 2,209 m² | 1 · 539 m² | 1.2 m |
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.
Articles of association
Purpose
De vennootschap heeft als voorwerp ... [full text of Engico purpose] ... bijdragen tot de verwezenlijking van haar voorwerp
Full purpose
De vennootschap heeft als voorwerp ... [full text of Engico purpose] ... bijdragen tot de verwezenlijking van haar voorwerp.
Other provisions of the articles (2)
- Accounting effect: 01-01-2026
- Other statement: boekhoudkundige verwerking, boekhoudrechtelijk continuïteitsbeginsel
Structure & network
Acquisitions and mergers
1 transactionTaken over by:CODIUS
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 11,744 EUR awarded · 11,395 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,070 EUR | 4,723 EUR |
| 2024 | 2 | 8,674 EUR | 6,672 EUR |
Schemes
Werkbaarheidscheque (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)