ENGINE31
ActiveSummary
ENGINE31 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €257,596 and a net result of €41,439. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-7
Solvency97▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 3.48 against 20.17 in 2024; short-term debt: 27.6% and cash: 18.3% of total assets), and 27.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer 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
72.4%
Return on assets
11.6%
Age of the figures
12 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 · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
on the day
2023
on the day
2022
5 d early
2021
2 d late
2020
32 d early
2019
38 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 company by total assets in Landen, Telecoms and IT sector#10 company by equity in Landen, Telecoms and IT sector
Equity
€257,596▼ 11.5%
2024 · €291,226
Total assets
€355,922▲ 16.5%
2024 · €305,622
Net result
€41,439▼ 19.4%
2024 · €51,443
Working capital
€243,620▼ 11.7%
2024 · €276,044
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,221▼ 39.7%€48,888▲ 61.8%€61,913▲ 26.6%€70,653▲ 14.1%€56,751▼ 19.7%
Net result€22,089▼ 40.2%€35,640▲ 61.4%€45,738▲ 28.3%€51,443▲ 12.5%€41,439▼ 19.4%
Equity€194,465▼ 2.2%€194,044▼ 0.2%€239,783▲ 23.6%€291,226▲ 21.5%€257,596▼ 11.5%
Total assets€268,914▼ 4.6%€266,818▼ 0.8%€254,311▼ 4.7%€305,622▲ 20.2%€355,922▲ 16.5%
Debt€74,449▼ 10.5%€72,774▼ 2.3%€14,528▼ 80.0%€14,397▼ 0.9%€98,325▲ 583%
Working capital€163,147▼ 0.9%€150,048▼ 8.0%€208,425▲ 38.9%€276,044▲ 32.4%€243,620▼ 11.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €355,922
Fixed assets
€14,103 ▼ 7.1%
Current assets
€341,819 ▲ 17.7%
Equity and liabilities €355,922
Equity
€257,596 ▼ 11.5%
Debt
€98,325 ▲ 583%
Debt's share of the balance-sheet total rises from 4.7% to 27.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€61,363▼
2024 · €87,079
Cash flow
€46,051▼
2024 · €67,870
Current ratio
3.48▼
2024 · 20.17
Debt to equity
0.38▲
2024 · 0.05
ROE
16.1%▼
2024 · 17.7%
ROA
11.6%▼
2024 · 16.8%
Interest coverage
464.91▼
2024 · 959.02
Debt ≤ 1 year
€98,199▲
2024 · €14,397
Income taxes
€17,010▼
2024 · €20,392
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,658 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,786 | €18,736 | €19,924 | €16,426 | €4,612 | ▼ 71.9% |
| Other operating charges640/8 | €540 | €581 | €676 | €375 | €729 | ▲ 94.2% |
| Non-recurring operating charges66A | - | - | - | - | €41,902 | - |
| Gross operating margin9900 | €48,547 | €68,205 | €82,513 | €87,454 | €103,993 | ▲ 18.9% |
| Operating profit (loss)9901 | €30,221 | €48,888 | €61,913 | €70,653 | €56,751 | ▼ 19.7% |
| Financial income75/76B | €1,649 | €1,983 | €3,000 | €1,273 | €1,830 | ▲ 43.7% |
| Recurring financial income75 | €1,649 | €1,983 | €3,000 | €1,273 | €1,830 | ▲ 43.7% |
| Financial charges65/66B | €865 | €628 | €368 | €91 | €132 | ▲ 45.4% |
| Recurring financial charges65 | €865 | €628 | €368 | €91 | €132 | ▲ 45.4% |
| Profit (loss) for the period before taxes9903 | €31,005 | €50,243 | €64,545 | €71,835 | €58,449 | ▼ 18.6% |
| Income taxes67/77 | €8,916 | €14,603 | €18,806 | €20,392 | €17,010 | ▼ 16.6% |
| Profit (loss) for the period9904 | €22,089 | €35,640 | €45,738 | €51,443 | €41,439 | ▼ 19.4% |
| Profit (loss) for the period to be appropriated9905 | €22,089 | €35,640 | €45,738 | €51,443 | €41,439 | ▼ 19.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €268,914 | €266,818 | €254,311 | €305,622 | €355,922 | ▲ 16.5% |
| Fixed assets21/28 | €60,808 | €44,246 | €31,608 | €15,181 | €14,103 | ▼ 7.1% |
| Tangible fixed assets22/27 | €60,808 | €44,246 | €31,608 | €15,181 | €14,103 | ▼ 7.1% |
| Plant, machinery and equipment23 | €2,391 | €1,453 | €861 | €570 | €278 | ▼ 51.2% |
| Furniture and vehicles24 | €54,850 | €39,868 | €28,464 | €12,972 | €12,828 | ▼ 1.1% |
| Other tangible fixed assets26 | €3,568 | €2,925 | €2,282 | €1,640 | €997 | ▼ 39.2% |
| Current assets29/58 | €208,105 | €222,572 | €222,703 | €290,441 | €341,819 | ▲ 17.7% |
| Amounts receivable after more than one year29 | €129,500 | €117,100 | €73,700 | €72,200 | €72,200 | = |
| Trade receivables290 | €129,500 | €117,100 | €73,700 | €72,200 | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | - | €72,200 | - |
| Amounts receivable within one year40/41 | €18,562 | €19,957 | €1,636 | €40,291 | €201,257 | ▲ 400% |
| Trade receivables40 | €17,438 | €19,917 | €1,601 | €37,359 | €126,410 | ▲ 238% |
| Other amounts receivable41 | €1,123 | €40 | €35 | €2,932 | €74,847 | ▲ 2,453% |
| Cash at bank and in hand54/58 | €57,037 | €82,268 | €142,637 | €174,630 | €64,974 | ▼ 62.8% |
| Deferred charges and accrued income490/1 | €3,006 | €3,247 | €4,730 | €3,321 | €3,388 | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €268,914 | €266,818 | €254,311 | €305,622 | €355,922 | ▲ 16.5% |
| Equity10/15 | €194,465 | €194,044 | €239,783 | €291,226 | €257,596 | ▼ 11.5% |
| Contributions10/11 | €15,000 | €15,000 | €15,000 | €15,000 | €15,000 | = |
| Reserves13 | €179,465 | €179,044 | €224,783 | €276,226 | €242,596 | ▼ 12.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | €177,605 | €177,184 | €222,923 | €274,366 | €242,596 | ▼ 11.6% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €74,449 | €72,774 | €14,528 | €14,397 | €98,325 | ▲ 583% |
| Amounts payable after more than one year17 | €29,491 | - | - | - | - | - |
| Financial debts170/4 | €29,491 | - | - | - | - | - |
| Amounts payable within one year42/48 | €44,958 | €72,524 | €14,278 | €14,397 | €98,199 | ▲ 582% |
| Current portion of amounts payable after more than one year42 | €10,143 | - | - | - | - | - |
| Financial debts43 | €1,253 | €5,859 | €5,071 | €287 | €0 | ▼ 100% |
| Credit institutions430/8 | €1,253 | €5,859 | €5,071 | €287 | €0 | ▼ 100% |
| Trade debts44 | €244 | €73 | - | €10,429 | €9,862 | ▼ 5.4% |
| Suppliers440/4 | €244 | €73 | - | €10,429 | €9,862 | ▼ 5.4% |
| Taxes, remuneration and social security45 | €4,035 | €8,866 | €9,207 | €3,680 | €17,021 | ▲ 362% |
| Taxes450/3 | €4,035 | €8,866 | €9,207 | €3,680 | €17,021 | ▲ 362% |
| Other amounts payable47/48 | €29,283 | €57,725 | - | - | €71,315 | - |
| Accrued charges and deferred income492/3 | - | €250 | €250 | - | €127 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,089 | €35,640 | €45,738 | €51,443 | €41,439 | ▼ 19.4% |
| + Depreciation and write-downs630 | €17,786 | €18,736 | €19,924 | €16,426 | €4,612 | ▼ 71.9% |
| Operating cash flow (approximation) | €39,875 | €54,376 | €65,662 | €67,870 | €46,051 | ▼ 32.1% |
| Investment in fixed assets (approximation) | - | -€2,174 | -€7,285 | €0 | -€3,534 | - |
| Change in cash | - | €25,230 | €60,369 | €31,993 | -€109,656 | ▼ 443% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €51,443 ▲12.5%
Operating result €70,653, net result €51,443, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity times 5current ratio 15.60
Current ratio from 3.07 to 15.60; short-term debt falls from €72,524 to €14,278.
30-09
Financial
Equity above €200,000Eq €239,783 ▲23.6%
6 profitable years in a row build equity to €239,783.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
02-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
29-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Weakest financial yearnet €9,293 ▼26.7%
Net result drops to €9,293, the lowest in the series; recovery starts the following year.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Landen · 1 establishment unit since 2013
Ground area
819 m²
Building footprint
98 m²
Volume, LiDAR
76 m³
Parcel 24118A0340/00E000, Flanders · tallest building 7.4 m. Linked by address, not a title deed.
1 establishment unit
Engine31
since 20132.216.423.670
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24118A0340/00E000 | Flanders | 819 m² | 1 · 98 m² | 7.4 m |
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.
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 14,130 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
Founded21-01-2013
Fiscal year end30-09
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.