ENGINEERING CONSULTING GROUP

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ENGINEERING CONSULTING GROUP is 1.0% (low). The 2023 annual accounts show equity of €118k and a net result of €23k. Equity is growing by ~32.1% per year across the filed fiscal years. Its solvency ranks better than 71% of 1165 sector peers (fiscal year 2023). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2022 and 2023).

View the result trend

Growing equity

Equity grew over 2021-2023. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 382 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Filed more than 90 days late

The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-04-2025, 272 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	nothing on record	not filed	-
31-12-2023	31-07-2024	29-04-2025	272 d late	2025-00079787
31-12-2022	31-07-2023	11-03-2025	589 d late	2025-00046106
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20412900

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.0% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€23k-37.7%

Working capital€54k+74.7%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 29-04-2025 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~32.1%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 74 · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	64.7%	45.8%	better than 71% of 1165 sector peers
Net result	€23k	€10k	better than 66% of 1164 sector peers
Equity	€118k	€26k	better than 88% of 1166 sector peers
Gross operating margin	€48k	€26k	better than 69% of 1163 sector peers
Total assets	€182k	€65k	better than 83% of 1165 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P71

Stable position over 2021-2023 · n=383-1165

Net result P66

Weakening position over 2021-2023 · n=383-1164

Equity P88

Stable position over 2021-2023 · n=383-1166

Gross operating margin P69

Weakening position over 2021-2023 · n=384-1163

Describes the position versus peers, not a forecast.

EBITDA

€42k

-23.4% 21-23

Net profit

€23k

-37.7% 21-23

Cash flow

€24k

-37.1% 21-23

Total assets

€182k

+24.4% 21-23

Equity

€118k

+24.6% 21-23

Working capital

€54k

+74.7% 21-23

Income taxes

€13k

-14.4% 21-23

Debt

€64k

+23.9% 21-23

Show 8 other metrics

Debt ≤ 1y

€64k

+23.9% 21-23

Current ratio

1.84

+15.3% 21-23

Quick ratio

1.84

+15.3% 21-23

Solvency

64.7%

+0.2% 21-23

Debt / equity

0.54

-0.6% 21-23

ROE

19.8%

-50.0% 21-23

ROA

12.8%

-49.9% 21-23

Interest coverage

9.10

-82.5% 21-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€42k
Net profit	€23k
Cash flow	€24k
Staff costs	-
Income taxes	€13k
Dividends	-
Total assets	€182k
Equity	€118k
Debt	€64k
of which ≤ 1y	€64k
of which > 1y	-
Working capital	€54k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	1.84
Quick ratio	1.84
Working capital ratio	29.5%
Solvency	64.7%
Debt / equity	0.54
Long-term debt ratio	-
Interest coverage	9.10
Gross margin	-
Net margin	-
ROA	12.8%
ROE	19.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €64k · 35.2% Current assets €118k · 64.8%

Equity & liabilities

Equity €118k · 64.8% Debt €64k · 35.3%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€182k
Fixed assets	21/28	€64k
Tangible fixed assets	22/27	€54k
Financial fixed assets	28	€10k
Current assets	29/58	€118k
Stocks & contracts in progress	3	€0
Amounts receivable within one year	40/41	€97k
Cash & bank	54/58	€21k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€182k
Equity	10/15	€118k
Contributions / capital	10/11	€10k
Accumulated profits (losses)	14	€108k
Amounts payable	17/49	€64k
Amounts payable within one year	42/48	€64k
Trade debts payable within one year	44	€9k
Income statement
Gross operating margin	9900	€48k
Operating result	9901	€41k
Financial charges	65	€5k
Result before taxes	9903	€37k
Income taxes	67/77	€13k
Net result for the period	9904	€23k
Result to be appropriated	9905	€23k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

93 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue du Cornet(LN) 527730 Estaimpuis

Establishment units

1 location

ENGINEERING CONSULTING GROUP

Rue de l'Ancienne Passerelle(SL) 18, 7730 EstaimpuisOntwikkeling van residentiële bouwprojecten

since 20202.311.339.061

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels2

Ground area521 m²

Buildings1

Building footprint16 m²

Volume (LiDAR)35 m³

Tallest building2.7 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57046B0119/00A003	Wallonia	304 m²	1 · 16 m²	2.7 m · 1 fl.
57075B0200/00G000	Wallonia	216 m²	-	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

87 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 93

Profitability 99

Solvency 96

Growth 52

Stability 94

Credit advice

verdict per customer and amount

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We hold annual accounts for 730 of the 4,560 companies in this sector. 568 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999Ingenieurs en aanverwante technische adviseurs, exclusief landmeters71121Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts71121

Primary activity highlighted.

Names & trade names

Legal nameFR

ENGINEERING CONSULTING GROUP

Registered office

Rue du Cornet(LN) 52

7730 Estaimpuis, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.