Equity
Equity fell by 80% in 4 years.
Equity fell by 80% in 4 years.
Of this, €136,520 falls due within a year.
In 2025, nobody joined and 1 person left.
The 2019 accounts came latest: 31 days after the end of the period.
Lower solvency than 83% of companies in computer programming and consultancy. Sector median 60.0% · 22,039 companies.
In July 2024, 5,053 companies had the same profile as ENGINE27 has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 5,053 companies, not a prediction for ENGINE27. 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.
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.
| Company | ||||
|---|---|---|---|---|
| ENGINE27 Antwerp | €155,499 | €246,742 | 12.0% | - |
| SIGMAX Anderlecht | €158,951 | €260,972 | 68.5% | 2 |
| Stoëmp Studio Brussels | €171,648 | €211,835 | 32.7% | - |
| DIVE Ghent | €158,222 | €287,016 | 41.5% | - |
| CONCRIT Liège | €150,161 | €234,935 | 4.5% | - |
| AFTERNOON SOFTWARE SOLUTIONS Wuustwezel | €188,584 | €245,408 | 60.7% | - |
| Dataflows Puurs-Sint-Amands | €184,396 | €190,616 | 46.7% | - |
These companies have the same main activity as ENGINE27: computer programming (NACE 62100). They are comparable in size and age: total assets between €150,000 and €189,000, founded between 2014 and 2019.
ENGINE27 files the micro format. That format states no turnover. The gross margin rose from €4,918 in 2017 to €246,742 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 ≈ €360,000. Estimated: probably between €310,000 and €510,000.
Higher than 16% of 22,039 companies in 2025.
Higher than 22% of 21,339 companies in 2025.
Higher than 88% of 21,530 companies in 2025.
Net result: top quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, nobody joined and 1 person left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
155,499 | 189,614 | 223,532 | 371,340 | 204,601 | 130,489 | 94,764 | 109,448 | 10,801 | |
21/28 |
2,726 | 7,431 | 11,068 | 3,346 | 3,897 | 1,710 | 605 | 907 | 1,210 | |
22/27 |
2,506 | 7,211 | 10,856 | 3,158 | 3,897 | 1,710 | 605 | 907 | 1,210 | |
23 |
2,506 | 871 | 2,506 | 3,158 | 3,897 | 1,710 | 605 | 907 | 1,210 | |
24 |
0 | 6,340 | 8,350 | - | - | - | - | - | - | |
28 |
220 | 220 | 212 | 188 | - | - | - | - | - | |
29/58 |
152,773 | 182,183 | 212,464 | 367,994 | 200,704 | 128,779 | 94,159 | 108,541 | 9,592 | |
40/41 |
26,178 | 19,594 | 117,006 | 184,277 | 81,458 | 79,937 | 92,606 | 74,003 | 5,154 | |
40 |
24,432 | 19,542 | 115,862 | 183,388 | 81,458 | 79,937 | 84,107 | 74,003 | 4,477 | |
41 |
1,745 | 53 | 1,144 | 888 | - | - | 8,499 | - | 677 | |
54/58 |
96,043 | 107,066 | 81,296 | 181,559 | 116,788 | 47,339 | 923 | 32,997 | 4,438 | |
490/1 |
30,552 | 55,523 | 14,163 | 2,158 | 2,457 | 1,502 | 630 | 1,541 | - | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
155,499 | 189,614 | 223,532 | 371,340 | 204,601 | 130,489 | 94,764 | 109,448 | 10,801 | |
10/15 |
18,731 | 19,270 | 19,270 | 38,425 | 95,770 | 19,026 | 7,882 | 7,986 | 9,024 | |
10/11 |
18,600 | 18,600 | 18,600 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | 6,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 12,200 | 12,200 | 12,200 | |
13 |
131 | 131 | 131 | 131 | 131 | 131 | 131 | 131 | - | |
130/1 |
- | - | 0 | 131 | 131 | 131 | - | - | - | |
130 |
- | - | - | - | - | - | 131 | 131 | - | |
1311 |
- | - | 0 | 131 | 131 | 131 | - | - | - | |
133 |
131 | 131 | 131 | - | - | - | - | - | - | |
14 |
0 | 539 | 539 | 31,894 | 89,238 | 12,495 | 1,351 | 1,455 | 2,624 | |
17/49 |
136,768 | 170,344 | 204,262 | 332,915 | 108,832 | 111,463 | 86,882 | 101,462 | 1,778 | |
42/48 |
136,520 | 170,195 | 204,262 | 332,915 | 108,832 | 111,463 | 86,882 | 101,462 | 1,778 | |
44 |
16,118 | 19,073 | 43,186 | 127,492 | 53,245 | 98,420 | 85,466 | 79,032 | 708 | |
440/4 |
16,118 | 19,073 | 43,186 | 127,492 | 53,245 | 98,420 | 85,466 | 79,032 | 708 | |
45 |
31,858 | 47,264 | 49,682 | 77,056 | 55,062 | 12,625 | 1,037 | 13,626 | 1,070 | |
450/3 |
18,256 | 27,963 | 31,786 | 60,687 | 42,532 | 10,598 | 1,037 | 13,626 | 1,070 | |
454/9 |
13,602 | 19,301 | 17,896 | 16,369 | 12,530 | 2,026 | - | - | - | |
47/48 |
88,544 | 103,858 | 111,394 | 128,367 | 525 | 419 | 379 | 8,805 | - | |
492/3 |
248 | 150 | - | - | - | - | - | - | - | |
| Income statement | ||||||||||
9900 |
246,742 | 323,660 | 298,736 | 259,322 | 198,246 | 34,902 | 949 | 32 | 4,918 | |
62 |
115,146 | 160,106 | 156,070 | 128,752 | 88,369 | 17,538 | - | - | - | |
630 |
3,446 | 3,645 | 4,257 | 2,226 | 1,620 | 552 | 302 | 302 | 302 | |
640/8 |
2,387 | 962 | 1,435 | 450 | 503 | 448 | 696 | 664 | 826 | |
9901 |
125,763 | 158,948 | 136,973 | 127,894 | 107,755 | 16,365 | -49 | -934 | 3,790 | |
75/76B |
0 | 3 | - | - | - | 7 | 26 | 65 | 23 | |
75 |
0 | 3 | - | - | - | 7 | 26 | 65 | 23 | |
65/66B |
96 | 239 | 142 | 127 | 137 | 38 | 80 | 137 | 339 | |
65 |
96 | 239 | 142 | 127 | 137 | 38 | 80 | 137 | 339 | |
9903 |
125,667 | 158,712 | 136,832 | 127,767 | 107,618 | 16,334 | -103 | -1,006 | 3,474 | |
67/77 |
39,705 | 38,612 | 38,775 | 35,112 | 30,874 | 5,190 | - | 31 | 850 | |
9904 |
85,963 | 120,100 | 98,057 | 92,655 | 76,744 | 11,143 | -103 | -1,038 | 2,624 | |
9905 |
85,963 | 120,100 | 98,057 | 92,655 | 76,744 | 11,143 | -103 | -1,038 | 2,624 | |
| Appropriation of the result | ||||||||||
9906 |
86,502 | 120,639 | 129,951 | 181,894 | 89,238 | 12,495 | 1,351 | 1,455 | 2,624 | |
14P |
539 | 539 | 31,894 | 89,238 | 12,495 | - | - | - | - | |
694/7 |
86,502 | 120,100 | 129,412 | 150,000 | - | - | - | - | - | |
694 |
86,502 | 120,100 | 129,412 | 150,000 | - | - | - | - | - | |
| Social balance sheet | ||||||||||
9087 |
2.1 | 3 | 3.3 | 3.2 | 2.3 | 1.2 | - | - | - | |
Hours worked1013 |
- | 5,312 | 5,800 | 5,600 | 4,304 | 944 | - | - | - | |
| Document | ||||||||||
The notes to these accounts have 16 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 15-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00295187 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00453042 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00425759 | |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00417414 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20363638 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58700346 | |
| 31-12-2019 | micro format | 31-08-2020 | 2020-49200038 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-58400443 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-51800226 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 129,209 | 162,592 | 141,231 | 130,120 | 109,375 | 16,916 | 254 | -632 | 4,092 | ||
| 89,409 | 123,744 | 102,314 | 94,881 | 78,363 | 11,695 | 199 | -735 | 2,926 | ||
| 3,239 | 8 | 11,979 | 1,675 | 3,807 | 1,657 | 0 | 0 | 1,512 | ||
| -11,022 | 25,770 | -100,263 | 64,771 | 69,449 | 46,417 | -32,075 | 28,560 | - | ||
| 16,254 | 11,989 | 8,202 | 35,078 | 91,873 | 17,316 | 7,278 | 7,079 | 7,814 | ||
| 12.0% | 10.2% | 8.6% | 10.3% | 46.8% | 14.6% | 8.3% | 7.3% | 83.5% | ||
| 1.12 | 1.07 | 1.04 | 1.11 | 1.84 | 1.16 | 1.08 | 1.07 | 5.40 | ||
| 7.30 | 8.84 | 10.60 | 8.66 | 1.14 | 5.86 | 11.02 | 12.71 | 0.20 | ||
| 458.9% | 623.2% | 508.9% | 241.1% | 80.1% | 58.6% | -1.3% | -13.0% | 29.1% | ||
| 55.3% | 63.3% | 43.9% | 25.0% | 37.5% | 8.5% | -0.1% | -0.9% | 24.3% | ||
| over 100 | over 100 | over 100 | over 100 | over 100 | - | - | - | - |
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 | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 3 | 3 | 4 | 3 |
| full-time | 2 | 3 | 3 | 4 | 3 |
| part-time | 0 | 0 | 0 | 0 | - |
| in full-time equivalents | 2 | 3 | 3 | 4 | 3 |
| 2.1 | 3 | 3.3 | 3.2 | 2.3 | |
| On a permanent contract | 2 | 3 | 3 | 4 | 3 |
| Joined | 0 | - | 0 | 1 | 2 |
| Left | 1 | - | 1 | 0 | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €3,239 | - | €11,955 | €1,487 | €3,807 |
| Financial fixed assets | €0 | €8 | €24 | €188 | - |
| €3,446 | €3,645 | €4,257 | €2,226 | €1,620 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 21% lower than in 2024 and the lowest since 2021.
Debt's share of the balance-sheet total falls from 89.8% to 88.0%. Equity and debt are lower.
ENGINE27 has no parent and no holdings in its annual accounts. ENGINE27 shares no director with another company.
| REGUS BELGIUM
establishment since 19-12-2000 · founded in 1989 · group REGUS BUSINESS CENTRE · accounts filed late |
turnover €14.6m (2024) 0437.822.267 |
| GraydonCreditsafe Belgium
registered office since 01-01-1982 · founded in 1981 |
57 FTE (2025) 0422.319.093 |
| VIFOR PHARMA BELGIE
registered office since 01-01-2011 · founded in 2010 |
11 FTE (2025) 0829.421.759 |
| SDMO
registered office since 14-05-2003 · founded in 2003 |
2.5 FTE (2025) 0480.039.736 |
| Wildhorn
registered office since 02-12-2019 · founded in 2019 |
total assets €7.5m (2025) 0738.643.419 |
| ON Ingredients
registered office since 14-06-2021 · founded in 2021 |
total assets €4.7m (2025) 0769.669.363 |
| SONNEVELD
registered office since 24-02-1997 · founded in 1986 |
5.1 FTE (2025) 0429.180.458 |
| Ccaps
establishment since 01-01-2026 · founded in 2004 |
14 FTE (2025) 0867.295.509 |
| Factris BE1
registered office since 07-09-2021 · founded in 2021 · negative equity (2025) |
total assets €2.4m (2025) 0773.626.864 |
| New Balance Belgium Retail
registered office since 18-11-2016 · founded in 2016 · negative equity (2025) |
21 FTE (2025) 0666.505.905 |
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
| Establishment | Since | Unit number |
|---|---|---|
| Uitbreidingstraat 84 registered office 2600 Antwerp | 26-08-2016 | 2.256.166.649 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11303B0445/00N008 | 9,631 m² | 1 · 998 m² | 25.2 m · 6 |
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