Equity
ENGINE paid out €91,596 in dividends. That is 100% of the 2025 profit.
ENGINE paid out €91,596 in dividends. That is 100% of the 2025 profit.
The micro format states no turnover.
Debts rose by €60,125 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Short-term debts rose from €75,057 to €135,182.
The 2024 accounts came 29 days late. The other three were filed on time.
Higher net result than 83% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.
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).
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).
In July 2024, 26,972 companies had the same profile as ENGINE has now. Each dot stands for 68 companies, two years later.
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.
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.
| 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.
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.
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.
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.
| 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.
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.
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.
Higher than 60% of 39,364 companies in 2025.
Higher than 61% of 38,048 companies in 2025.
Higher than 63% of 38,520 companies in 2025.
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
390,010 | 329,885 | 188,782 | 104,606 | |
21/28 |
5,984 | 8,192 | 817 | 1,298 | |
22/27 |
5,984 | 8,192 | 817 | 1,298 | |
23 |
3,134 | 4,282 | - | - | |
24 |
2,850 | 3,911 | 817 | 1,298 | |
29/58 |
384,026 | 321,692 | 187,965 | 103,308 | |
40/41 |
49,833 | 46,200 | 0 | 163 | |
40 |
49,825 | 46,200 | 0 | 163 | |
41 |
9 | - | - | - | |
50/53 |
175,000 | 185,000 | 100,000 | - | |
54/58 |
155,232 | 85,116 | 84,786 | 100,253 | |
490/1 |
3,960 | 5,376 | 3,179 | 2,892 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
390,010 | 329,885 | 188,782 | 104,606 | |
10/15 |
254,828 | 254,828 | 132,039 | 53,953 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | |
13 |
244,828 | 244,828 | 122,039 | 43,953 | |
133 |
244,828 | 244,828 | 122,039 | 43,953 | |
14 |
0 | - | - | - | |
17/49 |
135,182 | 75,057 | 56,743 | 50,652 | |
42/48 |
135,182 | 75,057 | 56,743 | 50,652 | |
44 |
791 | 582 | 1,631 | - | |
440/4 |
791 | 582 | 1,631 | - | |
45 |
12,455 | 34,214 | 15,572 | 10,462 | |
450/3 |
12,455 | 34,214 | 15,572 | 10,462 | |
47/48 |
121,936 | 40,260 | 39,541 | 40,191 | |
| Income statement | |||||
9900 |
116,942 | 162,038 | 101,311 | 68,866 | |
630 |
2,208 | 1,033 | 480 | 526 | |
640/8 |
585 | 569 | 162 | 5,532 | |
9901 |
114,149 | 160,435 | 100,669 | 62,809 | |
75/76B |
4,932 | 2,264 | 1 | - | |
75 |
4,932 | 2,264 | 1 | - | |
65/66B |
3,521 | 2,405 | 2,546 | 1,288 | |
65 |
3,521 | 2,405 | 2,546 | 1,288 | |
9903 |
115,561 | 160,295 | 98,124 | 61,521 | |
67/77 |
23,964 | 37,506 | 20,038 | 17,568 | |
9904 |
91,596 | 122,789 | 78,086 | 43,953 | |
9905 |
91,596 | 122,789 | 78,086 | 43,953 | |
| Appropriation of the result | |||||
9906 |
91,596 | 122,789 | 78,086 | 43,953 | |
691/2 |
0 | 122,789 | 78,086 | 43,953 | |
6921 |
0 | 122,789 | 78,086 | 43,953 | |
694/7 |
91,596 | - | - | - | |
694 |
91,596 | - | - | - | |
| Document | |||||
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.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 116,357 | 161,469 | 101,149 | 63,335 | ||
| 93,804 | 123,822 | 78,566 | 44,479 | ||
| 0 | 8,408 | 0 | 1,823 | ||
| 70,116 | 330 | -15,467 | - | ||
| 248,844 | 246,636 | 131,222 | 52,656 | ||
| 65.3% | 77.2% | 69.9% | 51.6% | ||
| 2.84 | 4.29 | 3.31 | 2.04 | ||
| 0.53 | 0.29 | 0.43 | 0.94 | ||
| 35.9% | 48.2% | 59.1% | 81.5% | ||
| 23.5% | 37.2% | 41.4% | 42.0% | ||
| 33.05 | 67.15 | 39.72 | 49.17 |
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.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| 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)
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.
ENGINE has no parent and no holdings in its annual accounts. VANDEN BERGHEN Ben Karel is the only director.
| PACK LINE
registered office since 14-11-1991 · founded in 1991 |
total assets €169,062 (2025) 0445.540.893 |
The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
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
| Establishment | Since | Unit number |
|---|---|---|
| Boeretangstraat 19 registered office 2260 Westerlo 63920 Other information service activities | 23-08-2021 | 2.320.805.865 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13039E0113/00K000 | 904 m² | 1 · 166 m² | 8.8 m · 2 |
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