ENGINEERING COLLECTIVE
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-01-2026 PDF all 6 filings
Equity
-€2,092
2024 · €7,124
Total assets
€90,664▲ 28.5%
2024 · €70,570
Net result
-€9,216
2024 · €22,702
Working capital
-€471
2024 · €7,124
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
-€10,700
2025
20202025
Net result
-€9,216
2025
lowest quarter of the sector
20202025
Equity
-€2,092
2025
lowest quarter of the sector
20202025
Total assets
€90,664
▲ 28.5%
2025
middle half of the sector
20202025
Debt
€92,756
▲ 46.2%
2025
20202025
Working capital
-€471
2025
lowest quarter of the sector
20202025
Solvency
-2.3%
▼ 12.4pp
2025
lowest quarter of the sector
20202025
Current ratio
0.99
▼ 0.12
2025
lowest quarter of the sector
20202025
Return on assets (ROA)
-10.2%
▼ 42.3pp
2025
lowest quarter of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€45,253--€6,760€10,973-€29,248€22,822-€10,700
Net result€28,920within the sector's middle half--€7,782below the sector's middle half€10,484within the sector's middle half-€30,486below the sector's middle half€22,702within the sector's middle half-€9,216below the sector's middle half
Equity€31,920within the sector's middle half-€4,425below the sector's middle half▼ 86.1%€14,909below the sector's middle half▲ 237%-€15,577below the sector's middle half€7,124below the sector's middle half-€2,092below the sector's middle half
Total assets€60,584below the sector's middle half-€37,516below the sector's middle half▼ 38.1%€39,851below the sector's middle half▲ 6.2%€45,451below the sector's middle half▲ 14.1%€70,570within the sector's middle half▲ 55.3%€90,664within the sector's middle half▲ 28.5%
Debt€28,664-€33,091▲ 15.4%€24,942▼ 24.6%€61,028▲ 145%€63,446▲ 4.0%€92,756▲ 46.2%
Working capital€31,920within the sector's middle half-€4,425below the sector's middle half▼ 86.1%€14,909within the sector's middle half▲ 237%-€15,577below the sector's middle half€7,124within the sector's middle half-€471below the sector's middle half
Solvency52.7%within the sector's middle half-11.8%below the sector's middle half▼ 40.9pp37.4%within the sector's middle half▲ 25.6pp-34.3%below the sector's middle half▼ 71.7pp10.1%below the sector's middle half▲ 44.4pp-2.3%below the sector's middle half▼ 12.4pp
Current ratio2.11within the sector's middle half-1.13below the sector's middle half▼ 0.981.60within the sector's middle half▲ 0.460.74below the sector's middle half▼ 0.851.11below the sector's middle half▲ 0.370.99below the sector's middle half▼ 0.12
Return on assets (ROA)47.7%above the sector's middle half--20.7%below the sector's middle half▼ 68.5pp26.3%above the sector's middle half▲ 47.1pp-67.1%below the sector's middle half▼ 93.4pp32.2%above the sector's middle half▲ 99.2pp-10.2%below the sector's middle half▼ 42.3pp
above
within
below
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €10,700, after a profit of €22,822 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Key figures and ratios
Debt ≤ 1 year
€91,136▲
2024 · €63,446
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Subsidies and aid
Flemish government
2025 · 1 entry · €1,337 awarded · €1,337 paidAnnual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €102 | €250 | €147 | ▼ 41.0% |
| Gross operating margin9900 | €45,370 | -€6,604 | €10,973 | -€29,146 | €23,072 | -€10,552 | - |
| Operating profit (loss)9901 | €45,253 | -€6,760 | €10,973 | -€29,248 | €22,822 | -€10,700 | - |
| Financial income75/76B | - | - | - | - | - | €1,634 | - |
| Recurring financial income75 | - | - | - | - | - | €1,634 | - |
| Financial charges65/66B | - | - | €120 | €120 | €120 | €150 | ▲ 24.6% |
| Recurring financial charges65 | €9 | €60 | €120 | €120 | €120 | €150 | ▲ 24.6% |
| Profit (loss) for the period before taxes9903 | €45,244 | -€6,820 | €10,853 | -€29,368 | €22,702 | -€9,216 | - |
| Income taxes67/77 | €16,324 | €962 | €369 | €1,118 | - | - | - |
| Profit (loss) for the period9904 | €28,920 | -€7,782 | €10,484 | -€30,486 | €22,702 | -€9,216 | - |
| Profit (loss) for the period to be appropriated9905 | €28,920 | -€7,782 | €10,484 | -€30,486 | €22,702 | -€9,216 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €60,584 | €37,516 | €39,851 | €45,451 | €70,570 | €90,664 | ▲ 28.5% |
| Current assets29/58 | €60,584 | €37,516 | €39,851 | €45,451 | €70,570 | €90,664 | ▲ 28.5% |
| Amounts receivable within one year40/41 | €46,932 | €19,126 | €19,496 | €15,627 | €26,716 | €28,584 | ▲ 7.0% |
| Trade receivables40 | - | - | €10,458 | - | €26,475 | €26,353 | ▼ 0.5% |
| Other amounts receivable41 | - | - | €9,038 | €15,627 | €241 | €2,231 | ▲ 827% |
| Cash at bank and in hand54/58 | €13,652 | €18,390 | €20,355 | €29,823 | €43,854 | €62,081 | ▲ 41.6% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €60,584 | €37,516 | €39,851 | €45,451 | €70,570 | €90,664 | ▲ 28.5% |
| Equity10/15 | €31,920 | €4,425 | €14,909 | -€15,577 | €7,124 | -€2,092 | - |
| Contributions10/11 | - | - | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €28,920 | €9,207 | €11,909 | €11,909 | €11,909 | €11,909 | = |
| Distributable reserves133 | - | - | €11,909 | €11,909 | €11,909 | €11,909 | = |
| Profit (loss) carried forward14 | - | -€7,782 | - | -€30,486 | -€7,785 | -€17,001 | ▼ 118% |
| Amounts payable17/49 | €28,664 | €33,091 | €24,942 | €61,028 | €63,446 | €92,756 | ▲ 46.2% |
| Amounts payable within one year42/48 | €28,664 | €33,091 | €24,942 | €61,028 | €63,446 | €91,136 | ▲ 43.6% |
| Trade debts44 | €10,171 | €29,115 | €19,044 | €54,900 | €57,180 | €86,648 | ▲ 51.5% |
| Suppliers440/4 | - | - | €19,044 | €54,900 | €57,180 | €86,648 | ▲ 51.5% |
| Taxes, remuneration and social security45 | - | - | - | - | €144 | - | - |
| Taxes450/3 | - | - | - | - | €144 | - | - |
| Other amounts payable47/48 | - | - | €5,898 | €6,128 | €6,121 | €4,488 | ▼ 26.7% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €1,621 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,920 | -€7,782 | €10,484 | -€30,486 | €22,702 | -€9,216 | - |
| Operating cash flow (approximation) | €28,920 | -€7,782 | €10,484 | -€30,486 | €22,702 | -€9,216 | - |
| Change in cash | - | €4,738 | €1,966 | €9,468 | €14,031 | €18,226 | ▲ 29.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,008 companies had the same profile as ENGINEERING COLLECTIVE has now. Two years later, 83.0% were still going and 7.9% had gone bankrupt.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
83.0%
was still going
8.4%
stopped otherwise
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ENGINEERING COLLECTIVE itself is lower: 0.2% within 12 months. It rests on far more data about ENGINEERING COLLECTIVE than the profile alone.
Test of the method
The method was tested on the 497,446 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 6,008 companies, not a prediction for ENGINEERING COLLECTIVE. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 29-01-2026 | 2026-00017395 | |
| 30-06-2024 | micro format | 13-01-2025 | 2025-00003666 | |
| 30-06-2023 | micro format | 12-01-2024 | 2024-00000747 | |
| 30-06-2022 | micro format | 24-01-2023 | 2023-00002376 | |
| 30-06-2021 | micro format | 24-01-2022 | 2022-01400422 | |
| 30-06-2020 | micro format | 01-02-2021 | 2021-03200239 |