ENGICO
Annual accounts 2025
abbreviated format, filed on 20-07-2026, 11 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €2.3m. Estimated: probably between €1.4m and €3.9m.
Balance sheet
balance sheet total €2.1m on 31-12-2025in euro
in euro
Staff
€75,129
Staff costs divided by the average number of full-time equivalents.
-8 people
In 2025, 1 person joined and 9 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
2.1m | 2.8m | 2.8m | |
21/28 |
1.5m | 1.7m | 1.9m | |
21 |
1.3m | 1.5m | 1.7m | |
22/27 |
159,580 | 209,127 | 204,340 | |
23 |
778 | 6,581 | 7,889 | |
24 |
158,802 | 184,739 | 176,635 | |
26 |
0 | 17,807 | 19,816 | |
29/58 |
599,521 | 1.1m | 884,894 | |
3 |
40,000 | - | - | |
30/36 |
40,000 | - | - | |
40/41 |
456,937 | 548,754 | 315,519 | |
40 |
180,487 | 486,862 | 278,105 | |
41 |
276,449 | 61,892 | 37,414 | |
54/58 |
99,672 | 493,278 | 549,103 | |
490/1 |
2,912 | 10,854 | 20,273 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
2.1m | 2.8m | 2.8m | |
10/15 |
562,744 | 417,101 | 167,411 | |
10/11 |
20,000 | 20,000 | 20,000 | |
13 |
542,744 | 397,101 | 147,411 | |
132 |
105,250 | 105,250 | - | |
133 |
437,494 | 291,851 | 147,411 | |
14 |
0 | 0 | 0 | |
17/49 |
1.5m | 2.4m | 2.6m | |
17 |
1.3m | 1.4m | 2.1m | |
170/4 |
570,499 | 678,352 | 832,894 | |
178/9 |
735,000 | 735,000 | 1.3m | |
42/48 |
222,815 | 941,069 | 530,492 | |
42 |
166,573 | 179,643 | 178,813 | |
44 |
36,431 | 42,366 | 109,317 | |
440/4 |
36,431 | 42,366 | 109,317 | |
45 |
0 | 236,206 | 218,516 | |
450/3 |
0 | 113,766 | 97,543 | |
454/9 |
0 | 122,440 | 120,973 | |
47/48 |
19,811 | 482,856 | 23,846 | |
| Income statement | ||||
76A |
9,063 | 3,857 | - | |
9900 |
970,469 | 1.4m | 1.2m | |
62 |
428,234 | 682,714 | 721,514 | |
630 |
254,733 | 263,173 | 239,365 | |
640/8 |
5,966 | 5,906 | 5,843 | |
66A |
18,568 | - | - | |
9901 |
262,968 | 437,739 | 257,879 | |
75/76B |
1,664 | 2,705 | 1,048 | |
75 |
1,664 | 2,705 | 1,048 | |
65/66B |
56,727 | 43,345 | 23,764 | |
65 |
56,727 | 43,345 | 23,764 | |
9903 |
207,906 | 397,100 | 235,163 | |
67/77 |
62,263 | 113,824 | 63,906 | |
9904 |
145,643 | 283,276 | 171,257 | |
689 |
0 | 105,250 | - | |
9905 |
145,643 | 178,026 | 171,257 | |
| Appropriation of the result | ||||
9906 |
145,643 | 178,026 | 171,257 | |
691/2 |
145,643 | 144,440 | 147,411 | |
6921 |
145,643 | 144,440 | 147,411 | |
694/7 |
0 | 33,586 | 23,846 | |
696 |
0 | 33,586 | 23,846 | |
| Social balance sheet | ||||
9087 |
5.7 | 7.7 | 7.6 | |
Hours worked1013 |
11,057 | 14,726 | 14,749 | |
| Document | ||||
The notes to these accounts have 22 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 20-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2024 to 2025, 3 entries, €11,744 awarded, €11,395 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €3,070 | €4,723 |
| 2024 | 2 | €8,674 | €6,672 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 517,701 | 700,912 | 497,244 | ||
| 400,376 | 546,449 | 410,622 | ||
| 61,328 | 84,580 | 2.2m | ||
| -393,606 | -55,824 | - | ||
| 376,706 | 111,817 | 354,402 | ||
| 26.9% | 15.0% | 6.0% | ||
| 2.69 | 1.12 | 1.67 | ||
| 2.51 | 1.12 | 1.67 | ||
| 2.72 | 5.64 | 15.63 | ||
| 25.9% | 67.9% | 102.3% | ||
| 7.0% | 10.2% | 6.1% | ||
| 9.13 | 16.17 | 20.92 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | - | 8 | 8 |
| full-time | - | 7 | 7 |
| part-time | - | 1 | 1 |
| in full-time equivalents | - | 7.4 | 7.3 |
| 5.7 | 7.7 | 7.6 | |
| On a permanent contract | - | 8 | 8 |
| Joined | 1 | 3 | 9 |
| Left | 9 | 3 | 1 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Debts secured on the company's own assets | €710,183 | - | - |
| €733,000 | - | - |
Source: notes to the 2023 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €46,518 | €79,352 | €311,057 |
| Intangible fixed assets | €14,810 | €5,228 | €1.9m |
| €254,733 | €263,173 | €239,365 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on ENGICO
The operating result for 2025 is 40% lower than in 2024.
Debt's share of the balance-sheet total falls from 85.0% to 73.1%. Equity is higher and debt is lower.