ENGICOM
ActiveSummary
ENGICOM has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €121,298 and a net result of €40,844. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 41% of 18866 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · fiscal year 2025, micro schema
Equity
€121,298▼ 4.2%
2024 · €126,554
Total assets
€243,687▲ 60.3%
2024 · €152,038
Net result
€40,844▲ 67.6%
2024 · €24,370
Working capital
€43,546▼ 50.2%
2024 · €87,449
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 62, Computer programming, consultancy and related 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,377▼ 32.3%€19,250▲ 69.2%€26,253▲ 36.4%€38,071▲ 45.0%€54,767▲ 43.9%
Net result€13,729within the sector's middle half▼ 19.0%€11,087within the sector's middle half▼ 19.2%€17,085within the sector's middle half▲ 54.1%€24,370within the sector's middle half▲ 42.6%€40,844within the sector's middle half▲ 67.6%
Equity€154,967within the sector's middle half▲ 1.8%€166,054above the sector's middle half▲ 7.2%€170,684above the sector's middle half▲ 2.8%€126,554within the sector's middle half▼ 25.9%€121,298within the sector's middle half▼ 4.2%
Total assets€219,348within the sector's middle half▼ 6.7%€214,834within the sector's middle half▼ 2.1%€204,782within the sector's middle half▼ 4.7%€152,038within the sector's middle half▼ 25.8%€243,687within the sector's middle half▲ 60.3%
Debt€64,381▼ 22.2%€48,781▼ 24.2%€34,098▼ 30.1%€25,484▼ 25.3%€122,389▲ 380%
Working capital€114,965within the sector's middle half▼ 1.2%€127,682above the sector's middle half▲ 11.1%€134,334above the sector's middle half▲ 5.2%€87,449within the sector's middle half▼ 34.9%€43,546within the sector's middle half▼ 50.2%
Solvency70.6%within the sector's middle half▲ 5.9pp77.3%within the sector's middle half▲ 6.6pp83.3%above the sector's middle half▲ 6.1pp83.2%above the sector's middle half▼ 0.1pp49.8%within the sector's middle half▼ 33.5pp
Current ratio4.79within the sector's middle half▲ 0.405.36above the sector's middle half▲ 0.575.88above the sector's middle half▲ 0.524.43within the sector's middle half▼ 1.451.66within the sector's middle half▼ 2.77
Return on assets (ROA)6.3%within the sector's middle half▼ 1.0pp5.2%within the sector's middle half▼ 1.1pp8.3%within the sector's middle half▲ 3.2pp16.0%within the sector's middle half▲ 7.7pp16.8%within the sector's middle half▲ 0.7pp
Staff (FTE)0.40.7▲ 75.0%0.3▼ 57.1%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related 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 has risen four years in a row; 2025 is 44% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €243,687
Fixed assets
€133,874 ▲ 242%
Current assets
€109,813 ▼ 2.8%
Equity and liabilities €243,687
Equity
€121,298 ▼ 4.2%
Debt
€122,389 ▲ 380%
Debt's share of the balance-sheet total rises from 16.8% to 50.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€65,718▲
2024 · €53,371
Cash flow
€51,795▲
2024 · €39,669
Quick ratio
1.65▼
2024 · 4.41
Debt to equity
1.01▲
2024 · 0.20
ROE
33.7%▲
2024 · 19.3%
Interest coverage
19.50▼
2024 · 63.26
Debt ≤ 1 year
€66,267▲
2024 · €25,484
Debt > 1 year
€56,122
Income taxes
€14,472▲
2024 · €12,858
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
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 497,366 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 31,371 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 | - | - | - | €6,000 | €33,015 | ▲ 450% |
| Remuneration, social security and pensions62 | - | €5,188 | €5,224 | €5,473 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,543 | €18,289 | €18,631 | €15,299 | €10,951 | ▼ 28.4% |
| Other operating charges640/8 | €1,593 | €675 | €590 | €778 | €759 | ▼ 2.4% |
| Gross operating margin9900 | €30,513 | €43,401 | €50,698 | €59,622 | €66,478 | ▲ 11.5% |
| Operating profit (loss)9901 | €11,377 | €19,250 | €26,253 | €38,071 | €54,767 | ▲ 43.9% |
| Financial income75/76B | €20,275 | €1,293 | €1,293 | €0 | €3,918 | ▲ 39,184,800% |
| Recurring financial income75 | €20,275 | €1,293 | €1,293 | €0 | €3,918 | ▲ 39,184,800% |
| Financial charges65/66B | €6,171 | €1,382 | €981 | €844 | €3,370 | ▲ 299% |
| Recurring financial charges65 | €6,171 | €1,382 | €981 | €844 | €3,370 | ▲ 299% |
| Profit (loss) for the period before taxes9903 | €25,482 | €19,160 | €26,565 | €37,228 | €55,316 | ▲ 48.6% |
| Income taxes67/77 | €11,753 | €8,074 | €9,480 | €12,858 | €14,472 | ▲ 12.6% |
| Profit (loss) for the period9904 | €13,729 | €11,087 | €17,085 | €24,370 | €40,844 | ▲ 67.6% |
| Profit (loss) for the period to be appropriated9905 | €13,729 | €11,087 | €17,085 | €24,370 | €40,844 | ▲ 67.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €219,348 | €214,834 | €204,782 | €152,038 | €243,687 | ▲ 60.3% |
| Fixed assets21/28 | €74,066 | €57,858 | €42,904 | €39,105 | €133,874 | ▲ 242% |
| Tangible fixed assets22/27 | €74,066 | €56,858 | €42,904 | €39,105 | €133,874 | ▲ 242% |
| Land and buildings22 | €17,074 | €16,479 | €15,883 | €15,288 | €14,693 | ▼ 3.9% |
| Plant, machinery and equipment23 | - | €891 | €675 | €459 | €242 | ▼ 47.2% |
| Furniture and vehicles24 | €56,991 | €39,488 | €21,985 | €19,933 | €116,449 | ▲ 484% |
| Other tangible fixed assets26 | - | - | €4,361 | €3,426 | €2,490 | ▼ 27.3% |
| Financial fixed assets28 | - | €1,000 | - | - | - | - |
| Current assets29/58 | €145,282 | €156,976 | €161,878 | €112,933 | €109,813 | ▼ 2.8% |
| Amounts receivable after more than one year29 | €30,000 | €50,000 | €50,000 | - | - | - |
| Other amounts receivable291 | €30,000 | €50,000 | €50,000 | - | - | - |
| Stocks and contracts in progress3 | €1,760 | €1,243 | €1,133 | €450 | €340 | ▼ 24.4% |
| Stocks30/36 | €1,760 | €1,243 | €1,133 | €450 | €340 | ▼ 24.4% |
| Amounts receivable within one year40/41 | €25,414 | €23,111 | €17,630 | €20,979 | €18,720 | ▼ 10.8% |
| Trade receivables40 | €21,956 | €18,924 | €17,630 | €18,901 | €18,189 | ▼ 3.8% |
| Other amounts receivable41 | €3,459 | €4,186 | - | €2,078 | €531 | ▼ 74.5% |
| Current investments50/53 | €13,739 | €13,739 | €13,739 | €13,840 | €23,227 | ▲ 67.8% |
| Cash at bank and in hand54/58 | €29,310 | €26,599 | €46,699 | €47,360 | €40,990 | ▼ 13.4% |
| Deferred charges and accrued income490/1 | €45,059 | €42,284 | €32,677 | €30,303 | €26,535 | ▼ 12.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €219,348 | €214,834 | €204,782 | €152,038 | €243,687 | ▲ 60.3% |
| Equity10/15 | €154,967 | €166,054 | €170,684 | €126,554 | €121,298 | ▼ 4.2% |
| Contributions10/11 | €7,000 | €7,000 | €7,000 | €7,000 | €7,000 | = |
| Reserves13 | €147,967 | €159,054 | €163,684 | €119,554 | €114,298 | ▼ 4.4% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | €145,967 | €157,054 | €161,684 | €117,554 | €112,298 | ▼ 4.5% |
| Amounts payable17/49 | €64,381 | €48,781 | €34,098 | €25,484 | €122,389 | ▲ 380% |
| Amounts payable after more than one year17 | €34,064 | €19,486 | €6,554 | - | €56,122 | - |
| Financial debts170/4 | €34,064 | €19,486 | €6,554 | - | €56,122 | - |
| Amounts payable within one year42/48 | €30,317 | €29,294 | €27,544 | €25,484 | €66,267 | ▲ 160% |
| Current portion of amounts payable after more than one year42 | €14,433 | €14,577 | €12,932 | €6,554 | €14,231 | ▲ 117% |
| Financial debts43 | - | - | €0 | €88 | €0 | ▼ 99.6% |
| Credit institutions430/8 | - | - | €0 | €88 | €0 | ▼ 99.6% |
| Trade debts44 | €5,183 | €2,149 | €1,855 | €4,192 | €19,079 | ▲ 355% |
| Suppliers440/4 | €5,183 | €2,149 | €1,855 | €4,192 | €19,079 | ▲ 355% |
| Taxes, remuneration and social security45 | €10,702 | €9,650 | €11,672 | €10,070 | €2,741 | ▼ 72.8% |
| Taxes450/3 | €10,702 | €9,525 | €11,672 | €10,028 | €2,741 | ▼ 72.7% |
| Remuneration and social security454/9 | - | €125 | - | €42 | - | - |
| Other amounts payable47/48 | - | €2,918 | €1,084 | €4,580 | €30,215 | ▲ 560% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,729 | €11,087 | €17,085 | €24,370 | €40,844 | ▲ 67.6% |
| + Depreciation and write-downs630 | €17,543 | €18,289 | €18,631 | €15,299 | €10,951 | ▼ 28.4% |
| Operating cash flow (approximation) | €31,272 | €29,376 | €35,716 | €39,669 | €51,795 | ▲ 30.6% |
| Investment in fixed assets (approximation) | - | -€2,082 | -€3,677 | -€11,500 | -€105,720 | ▼ 819% |
| Change in cash | - | -€2,711 | €20,100 | €661 | -€6,370 | ▼ 1,063% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 30,028 companies in this sector we hold annual accounts for 18,652. 15,689 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector