ENGIGAS
ActiveSummary
ENGIGAS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €569k and a net result of €25k. Equity is growing by ~13% per year across the filed fiscal years. Its solvency ranks better than 39% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency59▲+4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity short (current ratio 0.95 against 0.92 in 2024; short-term debt: 11.8% and cash: 0.5% of total assets), and 66.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
33.7%
Return on assets
1.5%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
26 d late
2024
31 d late
2023
16 d late
2022
24 d late
2021
29 d late
2020
18 d late
2019
61 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€569k▲ 4.7%
2024 · €543k
2018: €160klowest in 8 years
2019: €265k▲ +65.1% vs 2018
2020: €385k▲ +45.4% vs 2019
2021: €405k▲ +5.2% vs 2020
2022: €434k▲ +7.0% vs 2021
2023: €489k▲ +12.6% vs 2022
2024: €543k▲ +11.2% vs 2023
2025: €569k▲ +4.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.69M▼ 7.3%
2024 · €1.82M
2018: €620klowest in 8 years
2019: €1.13M▲ +82.6% vs 2018
2020: €1.35M▲ +19.3% vs 2019
2021: €1.37M▲ +1.4% vs 2020
2022: €1.90M▲ +38.5% vs 2021highest in 8 years
2023: €1.82M▼ -4.3% vs 2022
2024: €1.82M▲ +0.3% vs 2023
2025: €1.69M▼ -7.3% vs 2024
2018 → 2025
Net result
€25k▼ 53.4%
2024 · €55k
2018: €78k
2019: €106k▲ +36.0% vs 2018
2020: €122k▲ +14.8% vs 2019highest in 8 years
2021: €56k▼ -54.3% vs 2020
2022: €30k▼ -45.9% vs 2021
2023: €56k▲ +86.9% vs 2022
2024: €55k▼ -3.1% vs 2023
2025: €25k▼ -53.4% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-10k▲ 49.4%
2024 · €-20k
2018: €-14k
2019: €18k▲ +231% vs 2018
2020: €86k▲ +379% vs 2019
2021: €91k▲ +5.8% vs 2020highest in 8 years
2022: €-29k▼ -132% vs 2021lowest in 8 years
2023: €-7k▲ +76.2% vs 2022
2024: €-20k▼ -194% vs 2023
2025: €-10k▲ +49.4% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€405k-€434k▲ 7.0%€489k▲ 12.6%€543k▲ 11.2%€569k▲ 4.7%
2021: €405klowest in 5 years
2022: €434k▲ +7.0% vs 2021
2023: €489k▲ +12.6% vs 2022
2024: €543k▲ +11.2% vs 2023
2025: €569k▲ +4.7% vs 2024highest in 5 years
Operating result€91k-€62k▼ 32.3%€108k▲ 75.0%€100k▼ 7.5%€67k▼ 33.2%
2021: €91k
2022: €62k▼ -32.3% vs 2021lowest in 5 years
2023: €108k▲ +75.0% vs 2022highest in 5 years
2024: €100k▼ -7.5% vs 2023
2025: €67k▼ -33.2% vs 2024
Net result€56k-€30k▼ 45.9%€56k▲ 86.9%€55k▼ 3.1%€25k▼ 53.4%
2021: €56k
2022: €30k▼ -45.9% vs 2021
2023: €56k▲ +86.9% vs 2022highest in 5 years
2024: €55k▼ -3.1% vs 2023
2025: €25k▼ -53.4% vs 2024lowest in 5 years
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 has fallen two years in a row; 2025 is 33% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.69M
Fixed assets
€1.50M ▼ 6.1%
Current assets
€190k ▼ 15.9%
Equity and liabilities €1.69M
Equity
€569k ▲ 4.7%
Debt
€1.12M ▼ 12.4%
Debt's share of the balance-sheet total falls from 70.2% to 66.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€167k▼
2024 · €185k
Cash flow
€126k▼
2024 · €139k
Current ratio
0.95▲
2024 · 0.92
Quick ratio
0.84▲
2024 · 0.83
Debt to equity
1.97▼
2024 · 2.35
ROE
4.5%▼
2024 · 10.1%
ROA
1.5%▼
2024 · 3.0%
Interest coverage
6.64▼
2024 · 6.84
Debt ≤ 1 year
€200k▼
2024 · €246k
Debt > 1 year
€920k▼
2024 · €1.03M
Income taxes
€20k▲
2024 · €19k
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 · 50 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.82M€1.69M▼
Fixed assets21/28€1.60M€1.50M▼
Tangible fixed assets22/27€1.60M€1.50M▼
Land and buildings22€1.47M€1.41M▼
Plant, machinery and equipment23€43k€44k▲
Furniture and vehicles24€64k€37k▼
Other tangible fixed assets26€20k€7k▼
Current assets29/58€226k€190k▼
Stocks and contracts in progress3€21k€21k=
Stocks30/36€21k€21k=
Amounts receivable within one year40/41€138k€152k▲
Trade receivables40€55k€35k▼
Other amounts receivable41€83k€117k▲
Current investments50/53€250€250=
Cash at bank and in hand54/58€55k€8k▼
Deferred charges and accrued income490/1€10k€9k▼
Equity and liabilities
Total equity and liabilities10/49€1.82M€1.69M▼
Equity10/15€543k€569k▲
Contributions10/11€45k€45k=
Reserves13€498k€524k▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Distributable reserves133€494k€519k▲
Amounts payable17/49€1.28M€1.12M▼
Amounts payable after more than one year17€1.03M€920k▼
Financial debts170/4€1.03M€920k▼
Amounts payable within one year42/48€246k€200k▼
Current portion of amounts payable after more than one year42€130k€124k▼
Trade debts44€115k€73k▼
Suppliers440/4€115k€73k▼
Taxes, remuneration and social security45€525€3k▲
Taxes450/3€525€3k▲
Accrued charges and deferred income492/3-€26
Income statement
Code20242025
Non-recurring operating income76A€24k€747▼
Remuneration, social security and pensions62€364-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€85k€100k▲
Other operating charges640/8€45k€35k▼
Gross operating margin9900€231k€203k▼
Operating profit (loss)9901€100k€67k▼
Financial income75/76B€186€4k▲
Recurring financial income75€186€4k▲
Financial charges65/66B€27k€25k▼
Recurring financial charges65€27k€25k▼
Profit (loss) for the period before taxes9903€73k€45k▼
Income taxes67/77€19k€20k▲
Profit (loss) for the period9904€55k€25k▼
Profit (loss) for the period to be appropriated9905€55k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€25k▼
Transfer to equity691/2€55k€25k▼
To other reserves6921€55k€25k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €24k | €747 | ▼ 96.9% |
| Remuneration, social security and pensions62 | €3k | €4k | - | €364 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €60k | €116k | €81k | €85k | €100k | ▲ 18.2% |
| Other operating charges640/8 | €17k | €35k | €30k | €45k | €35k | ▼ 21.4% |
| Non-recurring operating charges66A | - | €3k | - | - | - | - |
| Gross operating margin9900 | €172k | €220k | €220k | €231k | €203k | ▼ 12.1% |
| Operating profit (loss)9901 | €91k | €62k | €108k | €100k | €67k | ▼ 33.2% |
| Financial income75/76B | €1k | €359 | €525 | €186 | €4k | ▲ 1,870% |
| Recurring financial income75 | €1k | €359 | €525 | €186 | €4k | ▲ 1,870% |
| Financial charges65/66B | €17k | €18k | €29k | €27k | €25k | ▼ 6.9% |
| Recurring financial charges65 | €17k | €18k | €29k | €27k | €25k | ▼ 6.9% |
| Profit (loss) for the period before taxes9903 | €75k | €44k | €79k | €73k | €45k | ▼ 38.0% |
| Income taxes67/77 | €20k | €14k | €23k | €19k | €20k | ▲ 6.9% |
| Profit (loss) for the period9904 | €56k | €30k | €56k | €55k | €25k | ▼ 53.4% |
| Profit (loss) for the period to be appropriated9905 | €56k | €30k | €56k | €55k | €25k | ▼ 53.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.37M | €1.90M | €1.82M | €1.82M | €1.69M | ▼ 7.3% |
| Fixed assets21/28 | €1.09M | €1.67M | €1.64M | €1.60M | €1.50M | ▼ 6.1% |
| Tangible fixed assets22/27 | €1.09M | €1.67M | €1.64M | €1.60M | €1.50M | ▼ 6.1% |
| Land and buildings22 | €1.04M | €1.57M | €1.52M | €1.47M | €1.41M | ▼ 3.9% |
| Plant, machinery and equipment23 | €4k | €4k | €46k | €43k | €44k | ▲ 2.6% |
| Furniture and vehicles24 | €43k | €93k | €75k | €64k | €37k | ▼ 42.2% |
| Other tangible fixed assets26 | - | - | - | €20k | €7k | ▼ 66.3% |
| Current assets29/58 | €284k | €226k | €177k | €226k | €190k | ▼ 15.9% |
| Stocks and contracts in progress3 | - | - | €21k | €21k | €21k | = |
| Stocks30/36 | - | - | €21k | €21k | €21k | = |
| Amounts receivable within one year40/41 | €235k | €178k | €117k | €138k | €152k | ▲ 9.8% |
| Trade receivables40 | €184k | €135k | €100k | €55k | €35k | ▼ 36.1% |
| Other amounts receivable41 | €51k | €43k | €17k | €83k | €117k | ▲ 39.9% |
| Current investments50/53 | €250 | €250 | €250 | €250 | €250 | = |
| Cash at bank and in hand54/58 | €45k | €40k | €31k | €55k | €8k | ▼ 85.8% |
| Deferred charges and accrued income490/1 | €4k | €8k | €7k | €10k | €9k | ▼ 18.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.37M | €1.90M | €1.82M | €1.82M | €1.69M | ▼ 7.3% |
| Equity10/15 | €405k | €434k | €489k | €543k | €569k | ▲ 4.7% |
| Contributions10/11 | €45k | €45k | €45k | €45k | €45k | = |
| Outside capital11 | €45k | €45k | €45k | - | - | - |
| Other1109/19 | €45k | €45k | €45k | - | - | - |
| Reserves13 | €360k | €389k | €444k | €498k | €524k | ▲ 5.1% |
| Non-distributable reserves130/1 | €5k | €5k | €5k | €5k | €5k | = |
| Legal reserve130 | €5k | €5k | €5k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5k | €5k | = |
| Distributable reserves133 | €356k | €384k | €439k | €494k | €519k | ▲ 5.1% |
| Amounts payable17/49 | €964k | €1.46M | €1.33M | €1.28M | €1.12M | ▼ 12.4% |
| Amounts payable after more than one year17 | €769k | €1.21M | €1.14M | €1.03M | €920k | ▼ 10.9% |
| Financial debts170/4 | €769k | €1.21M | €1.14M | €1.03M | €920k | ▼ 10.9% |
| Amounts payable within one year42/48 | €193k | €255k | €184k | €246k | €200k | ▼ 18.7% |
| Current portion of amounts payable after more than one year42 | €90k | €123k | €115k | €130k | €124k | ▼ 4.9% |
| Trade debts44 | €59k | €111k | €48k | €115k | €73k | ▼ 36.3% |
| Suppliers440/4 | €59k | €111k | €48k | €115k | €73k | ▼ 36.3% |
| Advances received on contracts in progress46 | - | €1k | - | - | - | - |
| Taxes, remuneration and social security45 | €4k | €3k | €8k | €525 | €3k | ▲ 414% |
| Taxes450/3 | €4k | €3k | €8k | €525 | €3k | ▲ 414% |
| Other amounts payable47/48 | €41k | €17k | €13k | - | - | - |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | - | €26 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56k | €30k | €56k | €55k | €25k | ▼ 53.4% |
| + Depreciation and write-downs630 | €60k | €116k | €81k | €85k | €100k | ▲ 18.2% |
| Operating cash flow (approximation) | €116k | €146k | €138k | €139k | €126k | ▼ 9.9% |
| Investment in fixed assets (approximation) | - | €-702k | €-49k | €-41k | €-4k | ▲ 91.5% |
| Change in cash | - | €-5k | €-9k | €24k | €-47k | ▼ 297% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
31-12
Financial
Weakest financial yearnet €25k ▼53.4%
Net result drops to €25k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Equity above €500kEq €543k ▲11.2%
7 profitable years in a row build equity to €543k.
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 24 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Highest result since 2018net €122k ▲14.8%
Operating result €179k, net result €122k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-12
Financial
Equity above €200kEq €265k ▲65.1%
2 profitable years in a row build equity to €265k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Pajottegem · 1 establishment unit since 2014
Ground area
785 m²
Building footprint
221 m²
Volume, LiDAR
1,065 m³
Parcel 23023C0134/00V000, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ENGIGAS
since 20142.236.456.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23023C0134/00V000 | Flanders | 785 m² | 1 · 221 m² | 10.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 445 EUR awarded · 445 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 445 EUR | 445 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
5 categoriesENGIGAS BV41800
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DE MASENEIR DIRK
BE 0437.634.108
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DEMUYNCK BOUW
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 8,727 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-09-2014
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43221Plumbing work
70200Business and other management consultancy
77221Rental and leasing activities
Contact
E-mail
kde@engigas.comPajottegem
Phone
0474/52.78.03Pajottegem
Scores and ratios are computed by Checked and are not a credit decision.