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ENGINE

Active Private limited companyfounded 2021active for 5 yearsBoeretangstraat 19, 2260 WesterloKBO/BCE: BE 0772.780.786

Overview

Lifetime

4 annual accounts with figures on one time axis
peak €162,038 (2024)
€116,942▼ 27.8%
peak €122,789 (2024)
€91,596▼ 25.4%
peak €254,828 (2024)
€254,828unchanged
€135,182▲ 80.1%
Board1 name since 2021
Documentsfilings and deeds
26-05-202666 days before the deadline
2025micro format
Gross margin from €162,038 to €116,942Result from €122,789 to €91,596Dividend €91,596Debts from €75,057 to €135,182Cash from €85,116 to €155,232

Key points

from the 2025 annual accounts

Equity

€254,828 =
254,8282024+91,596Profit-91,596Dividend254,8282025

ENGINE paid out €91,596 in dividends. That is 100% of the 2025 profit.

Turnover

≈ €200,000 estimated

The micro format states no turnover.

Debts

€135,182 ▲ 80.1%
Other debts
+81,676
Suppliers
+209
The rest
-21,760

Debts rose by €60,125 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.

Liquidity

2.84 was 4.29 in 2024

Short-term debts rose from €75,057 to €135,182.

Filings

4 annual accounts 1 late
AprilJune31 JulyOctober2022202320242025

The 2024 accounts came 29 days late. The other three were filed on time.

Position in the sector

€91,596

Higher net result than 83% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.

Checked score

95
Excellent
Financially stronger than 61% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: 0.1%▲ +0.1 percentage points vs 08-2025highest value 10-2025: < 0.1%▼ -0.1 percentage points vs 09-2025lowest value 11-2025: < 0.1%● unchanged vs 10-2025lowest value 12-2025: < 0.1%● unchanged vs 11-2025lowest value 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

90-10equity 65.3% of total assets
84+10short-term debt 34.7% · cash 39.8%
98-2return on assets 23.5%

Score breakdown

lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 2.84, cash €155,232
Size: total assets €390,010
Figures for financial year 2025 (filed on 26-05-2026)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 60% of them on solvency, 76% on liquidity, 67% on profitability and 40% on growth.

The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 26,972 companies had the same profile as ENGINE has now. Each dot stands for 68 companies, two years later.

94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of ENGINE itself is lower: < 0.1% within 12 months. It rests on far more data about ENGINE than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 26,972 companies, not a prediction for ENGINE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €24,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 2.84 (4.29 in 2024), above the usual 1.5. Short-term debt is 34.7% and cash 39.8% of total assets. 34.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk
Five signals.
lowers riskneutral
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Liquidity: current ratio 2.84, cash €155,232
NBB · annual accounts
lowers risk · Size: total assets €390,010
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 26-05-2026)
NBB · annual accounts
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 26-05-2026, 66 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
66 days early
2024
29 days late
2023
42 days early
2022
25 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 26 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 June (3 of the last 4 accounts filed within 33 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

  • VANDEN BERGHEN Ben Karel 50 sharesdeed of 25-08-2021
  • NELISSEN Inge Christel 50 sharesdeed of 25-08-2021
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0772780786
Incorporation Founding capital of €200,000, 100 shares · Founders: VANDEN BERGHEN Ben Karel and NELISSEN Inge Christel · Appointment: VANDEN BERGHEN Ben Karel (director) · published on 25-08-2021 · Gazette deed
First establishment Boeretangstraat 19, Westerlo
All 10 events

Comparable companies

same main activity, similar in size and age
Company
ENGINE Westerlo €390,010 €116,942 65.3% -
Het Keyserrijk Bruges €395,186 €110,177 83.3% -
FIGAMO Ypres €401,422 €117,004 78.7% -
EDISON CONSULTING Eupen €350,543 €107,111 16.0% -
DE Consult Dilbeek €371,183 €113,520 91.5% -
MOVAR Damme €395,544 €126,906 78.1% -
Seyntech Pittem €461,715 €107,053 20.1% -

These companies have the same main activity as ENGINE: activities of head offices (NACE 70100). They are comparable in size and age: total assets between €351,000 and €462,000, founded between 2020 and 2022.

Official details

Source: KBO
Status
Active since 23-08-2021Normal situation
Activity
Activities of head officesNACE 70100and 4 others
Establishment unit
2.320.805.8652260 Westerlo, since 23-08-2021
Financial year end
31 December
Peppol
Reachable since 20-06-2025
Company details

Annual accounts 2025

€116,942▼ 27.8%
€91,596▼ 25.4%
€254,828=
€390,010▲ 18.2%
Filing
Filed on 26-05-2026, 66 days before the end of the filing period
Financials

Insights on ENGINE

ENGINE files the micro format. That format states no turnover. The gross margin rose from €68,866 in 2022 to €116,942 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 26-05-2026, 66 days before the deadline
€116,942
▼ 27.8%
€114,149
▼ 28.9%
€91,596
▼ 25.4%
€248,844
▲ 0.9%
65.3%
▼ 11.9 percentage points
2.84
▼ 1.45

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €200,000. Estimated: probably between €170,000 and €230,000.

Balance sheet

balance sheet total €390,010 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

65.3%

Higher than 60% of 39,364 companies in 2025.

2.84

Higher than 61% of 38,048 companies in 2025.

23.5%

Higher than 63% of 38,520 companies in 2025.

ENGINE Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend2025202420232022
Balance sheet: assets
20/58 390,010329,885188,782104,606
21/28 5,9848,1928171,298
22/27 5,9848,1928171,298
23 3,1344,282--
24 2,8503,9118171,298
29/58 384,026321,692187,965103,308
40/41 49,83346,2000163
40 49,82546,2000163
41 9---
50/53 175,000185,000100,000-
54/58 155,23285,11684,786100,253
490/1 3,9605,3763,1792,892
Balance sheet: equity and liabilities
10/49 390,010329,885188,782104,606
10/15 254,828254,828132,03953,953
10/11 10,00010,00010,00010,000
13 244,828244,828122,03943,953
133 244,828244,828122,03943,953
14 0---
17/49 135,18275,05756,74350,652
42/48 135,18275,05756,74350,652
44 7915821,631-
440/4 7915821,631-
45 12,45534,21415,57210,462
450/3 12,45534,21415,57210,462
47/48 121,93640,26039,54140,191
Income statement
9900 116,942162,038101,31168,866
630 2,2081,033480526
640/8 5855691625,532
9901 114,149160,435100,66962,809
75/76B 4,9322,2641-
75 4,9322,2641-
65/66B 3,5212,4052,5461,288
65 3,5212,4052,5461,288
9903 115,561160,29598,12461,521
67/77 23,96437,50620,03817,568
9904 91,596122,78978,08643,953
9905 91,596122,78978,08643,953
Appropriation of the result
9906 91,596122,78978,08643,953
691/2 0122,78978,08643,953
6921 0122,78978,08643,953
694/7 91,596---
694 91,596---
Document PDFPDFPDFPDF

The notes to these accounts have 4 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 26-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 26-05-2026 2026-00120393 PDF
31-12-2024 micro format 29-08-2025 2025-00480185 PDF
31-12-2023 micro format 19-06-2024 2024-00139944 PDF
31-12-2022 micro format 06-07-2023 2023-00207288 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend2025202420232022
116,357161,469101,14963,335
93,804123,82278,56644,479
08,40801,823
70,116330-15,467-
248,844246,636131,22252,656
65.3%77.2%69.9%51.6%
2.844.293.312.04
0.530.290.430.94
35.9%48.2%59.1%81.5%
23.5%37.2%41.4%42.0%
33.0567.1539.7249.17

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.

Investments

fixed assets acquired
Item2025202420232022
Tangible fixed assets-€8,408-€1,823
€2,208€1,033€480€526

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on ENGINE

The operating result for 2025 is 29% lower than in 2024.

Debt's share of the balance-sheet total rises from 22.8% to 34.7%. Debt is higher.

Board & ownership

Board

1 director, since incorporation
Director
appointed by deed of 25-08-2021 term without a fixed end
listed in the 2025 annual accounts, filed on 26-05-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
Board
Mandates as a list
  • VANDEN BERGHEN Ben Karel
    • Director, from 23-08-2021 to date

See the board, name and registered office on a given date →

Control

Founders
VANDEN BERGHEN Ben Karel, NELISSEN Inge Christel
This company
ENGINE
Equity €254,828
Profit €91,596 in 2025

Capital

Contribution
€10,000
Shares
100
Contribution per share
€100
Equity per share
€2,548 in 2025
Source
2025 annual accounts

Articles of association

deed of 25-08-2021 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
“Benoemd met of zonder beperking van duur, niet-statutaire bestuurders te allen tijde met onmiddellijke ingang herroepbaar ad nutum bij…”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 14:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
“Artikel 2:87 Wetboek van vennootschappen en verenigingen, algemene vergadering kan te allen tijde bij gewone meerderheid beperken”

Shareholders

At incorporation deed of 25-08-2021 ↗

Network & group

No group

ENGINE has no parent and no holdings in its annual accounts. VANDEN BERGHEN Ben Karel is the only director.

At the same address

Boeretangstraat 19, 2260 Westerlo · 1 other company
PACK LINE
registered office since 14-11-1991 · founded in 1991
total assets €169,062 (2025)
0445.540.893

Board mandates elsewhere

1 board mandate
Board mandates of ENGINEENGINE sits on their board1
Director
Founded in 1991 · total assets €169,062 (2025)

Connections & network

1 current director
Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

10 events since 2021

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 66 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 29 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0772780786
2024
Highest result from 2022 to 2025 net €122,789 ▲57.2% The operating result of €160,435 and the net result of €122,789 are both a record.
Equity above €200,000 equity €254,828 ▲93% With a profit in every financial year since 2022, equity grows to €254,828.
Annual accounts 2023 filed PDFmicro format · 42 days before the deadline
2023
Equity above €100,000 equity €132,039 ▲145% With a profit in every financial year since 2022, equity grows to €132,039.
Annual accounts 2022 filed PDFmicro format · 25 days before the deadline
2021
IncorporationFounding capital of €200,000, 100 shares · Founders: VANDEN BERGHEN Ben Karel and NELISSEN Inge Christel · Appointment: VANDEN BERGHEN Ben Karel (director) · published on 25-08-20218 points ▸

Open the deed in the Belgian Official Gazette

First establishment Boeretangstraat 19, Westerlo

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 23 August 2021, ENGINE was incorporated as a private limited company by two natural persons, with a starting capital of €200,000.12 VANDEN BERGHEN Ben Karel is director of the company, appointed by deed of 25-08-2021.2 Total assets went from €104,606 in 2022 to €390,010 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 25-08-2021
  3. 3National Bank, annual accounts 2022 and 2025

Company details

Identity

Enterprise number
0772.780.786
VAT number
BE 0772.780.786
Peppol ID
0208:0772780786
Other Peppol ID
9925:BE0772780786
Legal form
Private limited company
Status
Active, normal situation
Founded
23-08-2021
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Friday of June at 14:00
deed of 25-08-2021 (in Dutch)
Peppol
Reachable since 20-06-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
ENGINE in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 25-08-2021 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 25-08-2021 (in Dutch)

Activities

NACEBEL 2025
70100 Activities of head offices main activity
Codes under NACEBEL 2008
70100 Activities of head offices main activity
64200 Holdings
70220 Business consulting
82110 Office administrative, office support and other business support activities
82990 Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het verlenen van bijstand, advies en leiding aan bedrijven, privé personen en instellingen, voornamelijk doch niet uitsluitend op het vlak…”
14 activities
  1. Het verlenen van bijstand, advies en leiding aan bedrijven, privé personen en instellingen, voornamelijk doch niet uitsluitend op het vlak van management, marketing, processing en het besturen van vennootschappen, dit alles in de meest ruime betekenis.
  2. De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen, bestuurders-functies waarnemen of laten waarnemen en diensten verlenen die direct of indirect verband houden met de voorgaande.
  3. Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
  4. Ter uitvoering van haar opdrachten en voor het waarnemen van bestuursmandaten kan de vennootschap zich laten vertegenwoordigen door haar bestuurder of elke andere derde vertegenwoordiger, die door de vennootschap worden afgevaardigd om op te treden in eigen naam doch voor rekening van de vennootschap.
  5. Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren. In dit kader mag de vennootschap zich tevens borgstellen en onroerende goederen in pand geven of hypothekeren voor verbintenissen door derde personen en ondernemingen aangegaan.
  6. Zij mag eveneens al haar goederen, met inbegrip van het handelsfonds, in pand geven en aval verlenen in het voordeel van derden; alsmede mag zij alle financiële operaties verrichten, behalve die wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen;
  7. De verwerving, de vervreemding, de inleasinggeving, het beheer, de uitbating, de valorisatie, de verkaveling, de ordening, het huren en verhuren, het doen bouwen en het verbouwen van onroerende goederen;
  8. Tussenhandelaar, de makelarij en/of handel in de onroerende goederen, dit in de meest ruime zin van het woord, met inbegrip van onroerende leasing, met uitsluiting evenwel van handelingen welke vallen onder de beroepswerkzaamheden van vastgoedmakelaar zoals bepaald in het koninklijk besluit de dato 06/09/1993 tot bescherming van de beroepstitel en van de uitoefening van het beroep van vastgoedmakelaar;
  9. Het nemen en afstaan van optierechten terzake het kopen van onroerende goederen of immobiliënvennootschappen alsmede de uitgifte van vastgoedcertificaten;
  10. Het ondernemen van alle afbraak-, grond- en bouwwerken en werken van burgerlijke genie en in het bijzonder het oprichten van gebouwen onder het statuut van de wet op de mede-eigendom;
  11. Het aankopen, huren en verhuren van zonnepanelen en/of andere energieproducten, alsook het in ontvangst nemen van de opbrengsten van deze zonnepanelen;
  12. Organisatie en planning van het productieproces, de logistieke afhandeling en de kwaliteits-controle;
  13. Het bepalen van het aankoopbeleid, het verkoopbeleid, onderhandelen met leveranciers en klanten;
  14. Het verbeteren en op punt stellen van de administratieve en financiële organisatie op het gebied van beheer, management en marketing;
deed of 25-08-2021 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Boeretangstraat 19 registered office 2260 Westerlo 63920 Other information service activities 23-08-2021 2.320.805.865

Buildings and parcels at the address

Ground area
904 m²
Buildings
166 m²
Volume, LiDAR
992 m³
Tallest building
8.8 m
Buildings to scale, each on its own parcel
166 m², 8.8 m 166 m², 8.8 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
13039E0113/00K000904 m² 1 · 166 m² 8.8 m · 2