Engineering & Operational Services and Solution
ActiveSummary
Engineering & Operational Services and Solution has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €106,914 and a net result of €31,207. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 42% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-14
Solvency71▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.63 in 2024; short-term debt: 53.5% and cash: 39.6% of total assets), but 53.6% of the assets are financed with debt.
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Signals
Three 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
46.4%
Return on assets
13.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
31 d early
2023
49 d early
2022
3 d early
2021
39 d early
2020
38 d early
2019
39 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 35 days before the deadline; the sector median for financial year 2024 is 8 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€106,914=
2024 · €106,914
Total assets
€230,498▲ 16.3%
2024 · €198,155
Net result
€31,207▼ 59.7%
2024 · €77,531
Working capital
€69,872▲ 23.7%
2024 · €56,502
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€107,595▲ 16.5%€119,399▲ 11.0%€131,464▲ 10.1%€96,791▼ 26.4%€38,806▼ 59.9%
Net result€83,494above the sector's middle half▲ 16.3%€92,551above the sector's middle half▲ 10.8%€103,419above the sector's middle half▲ 11.7%€77,531above the sector's middle half▼ 25.0%€31,207within the sector's middle half▼ 59.7%
Equity€106,914within the sector's middle half=€106,914within the sector's middle half=€106,914within the sector's middle half=€106,914within the sector's middle half=€106,914within the sector's middle half=
Total assets€220,311within the sector's middle half▲ 1.5%€224,041within the sector's middle half▲ 1.7%€239,553within the sector's middle half▲ 6.9%€198,155within the sector's middle half▼ 17.3%€230,498within the sector's middle half▲ 16.3%
Debt€113,397▲ 3.0%€117,127▲ 3.3%€132,639▲ 13.2%€91,241▼ 31.2%€123,584▲ 35.4%
Working capital€103,635within the sector's middle half▲ 9.3%€103,532within the sector's middle half▼ 0.1%€45,959within the sector's middle half▼ 55.6%€56,502within the sector's middle half▲ 22.9%€69,872within the sector's middle half▲ 23.7%
Solvency48.5%within the sector's middle half▼ 0.7pp47.7%within the sector's middle half▼ 0.8pp44.6%within the sector's middle half▼ 3.1pp54.0%within the sector's middle half▲ 9.3pp46.4%within the sector's middle half▼ 7.6pp
Current ratio1.92within the sector's middle half▲ 0.051.89within the sector's middle half▼ 0.031.35within the sector's middle half▼ 0.541.63within the sector's middle half▲ 0.281.57within the sector's middle half▼ 0.06
Return on assets (ROA)37.9%above the sector's middle half▲ 4.8pp41.3%above the sector's middle half▲ 3.4pp43.2%above the sector's middle half▲ 1.9pp39.1%above the sector's middle half▼ 4.0pp13.5%within the sector's middle half▼ 25.6pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 60% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €230,498
Fixed assets
€37,355 ▼ 27.6%
Current assets
€193,143 ▲ 31.8%
Equity and liabilities €230,498
Equity
€106,914 =
Debt
€123,584 ▲ 35.4%
Debt's share of the balance-sheet total rises from 46.0% to 53.6%. Debt is higher.
Key figures and ratios
EBITDA
€54,331▼
2024 · €111,800
Cash flow
€46,732▼
2024 · €92,540
Debt to equity
1.16▲
2024 · 0.85
ROE
29.2%▼
2024 · 72.5%
Interest coverage
308.79▼
2024 · 397.69
Debt ≤ 1 year
€123,271▲
2024 · €90,067
Income taxes
€8,901▼
2024 · €20,897
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €9,500 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,094 | €1,012 | €10,130 | €15,009 | €15,525 | ▲ 3.4% |
| Other operating charges640/8 | €1,066 | €1,106 | €1,331 | €900 | €936 | ▲ 4.0% |
| Gross operating margin9900 | €117,755 | €121,518 | €142,926 | €112,700 | €55,267 | ▼ 51.0% |
| Operating profit (loss)9901 | €107,595 | €119,399 | €131,464 | €96,791 | €38,806 | ▼ 59.9% |
| Financial income75/76B | €1 | €10 | €927 | €1,918 | €1,478 | ▼ 23.0% |
| Recurring financial income75 | €1 | €10 | €927 | €1,918 | €1,478 | ▼ 23.0% |
| Financial charges65/66B | €102 | €108 | €112 | €281 | €176 | ▼ 37.4% |
| Recurring financial charges65 | €102 | €108 | €112 | €281 | €176 | ▼ 37.4% |
| Profit (loss) for the period before taxes9903 | €107,494 | €119,301 | €132,279 | €98,428 | €40,108 | ▼ 59.3% |
| Income taxes67/77 | €24,000 | €26,751 | €28,860 | €20,897 | €8,901 | ▼ 57.4% |
| Profit (loss) for the period9904 | €83,494 | €92,551 | €103,419 | €77,531 | €31,207 | ▼ 59.7% |
| Profit (loss) for the period to be appropriated9905 | €83,494 | €92,551 | €103,419 | €77,531 | €31,207 | ▼ 59.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €220,311 | €224,041 | €239,553 | €198,155 | €230,498 | ▲ 16.3% |
| Fixed assets21/28 | €3,638 | €4,118 | €62,480 | €51,587 | €37,355 | ▼ 27.6% |
| Tangible fixed assets22/27 | €3,638 | €4,118 | €62,480 | €51,587 | €37,355 | ▼ 27.6% |
| Furniture and vehicles24 | €1,481 | €2,366 | €61,132 | €50,644 | €36,817 | ▼ 27.3% |
| Other tangible fixed assets26 | €2,157 | €1,752 | €1,348 | €943 | €538 | ▼ 43.0% |
| Current assets29/58 | €216,673 | €219,923 | €177,073 | €146,568 | €193,143 | ▲ 31.8% |
| Amounts receivable after more than one year29 | - | - | €30,000 | €30,000 | €30,000 | = |
| Trade receivables290 | - | - | €30,000 | €30,000 | €30,000 | = |
| Amounts receivable within one year40/41 | €41,082 | €55,381 | €50,048 | €34,132 | €66,923 | ▲ 96.1% |
| Trade receivables40 | €38,082 | €55,381 | €49,194 | €7,771 | €50,309 | ▲ 547% |
| Other amounts receivable41 | €3,000 | - | €855 | €26,362 | €16,614 | ▼ 37.0% |
| Cash at bank and in hand54/58 | €173,412 | €162,153 | €94,483 | €78,079 | €91,224 | ▲ 16.8% |
| Deferred charges and accrued income490/1 | €2,178 | €2,389 | €2,542 | €4,357 | €4,997 | ▲ 14.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €220,311 | €224,041 | €239,553 | €198,155 | €230,498 | ▲ 16.3% |
| Equity10/15 | €106,914 | €106,914 | €106,914 | €106,914 | €106,914 | = |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €88,314 | €88,314 | €88,314 | €88,314 | €88,314 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €86,454 | €86,454 | €86,454 | €86,454 | €86,454 | = |
| Amounts payable17/49 | €113,397 | €117,127 | €132,639 | €91,241 | €123,584 | ▲ 35.4% |
| Amounts payable within one year42/48 | €113,038 | €116,391 | €131,114 | €90,067 | €123,271 | ▲ 36.9% |
| Trade debts44 | €965 | €3,189 | €911 | €823 | €863 | ▲ 4.9% |
| Suppliers440/4 | €965 | €3,189 | €911 | €823 | €863 | ▲ 4.9% |
| Taxes, remuneration and social security45 | €31,102 | €29,677 | €31,027 | €12,275 | €22,224 | ▲ 81.1% |
| Taxes450/3 | €28,122 | €26,697 | €28,047 | €12,275 | €18,224 | ▲ 48.5% |
| Remuneration and social security454/9 | €2,980 | €2,980 | €2,980 | - | €4,000 | - |
| Other amounts payable47/48 | €80,971 | €83,524 | €99,176 | €76,969 | €100,184 | ▲ 30.2% |
| Accrued charges and deferred income492/3 | €359 | €737 | €1,525 | €1,174 | €313 | ▼ 73.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,494 | €92,551 | €103,419 | €77,531 | €31,207 | ▼ 59.7% |
| + Depreciation and write-downs630 | €9,094 | €1,012 | €10,130 | €15,009 | €15,525 | ▲ 3.4% |
| Operating cash flow (approximation) | €92,588 | €93,563 | €113,549 | €92,540 | €46,732 | ▼ 49.5% |
| Investment in fixed assets (approximation) | - | -€1,492 | -€68,492 | -€4,116 | -€1,293 | ▲ 68.6% |
| Change in cash | - | -€11,260 | -€67,670 | -€16,404 | €13,145 | ▲ 180% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €31,207 ▼59.7%
Net result drops to €31,207, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €103,419 ▲11.7%
Operating result €131,464, net result €103,419, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Bonheiden · 1 establishment unit since 2016
Ground area
2,256 m²
Building footprint
272 m²
Volume, LiDAR
1,996 m³
Parcel 12031C0238/00F000, Flanders · tallest building 20.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Engineering & Operationial Services and Solution
since 20162.249.654.385
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031C0238/00F000 | Flanders | 2,256 m² | 1 · 272 m² | 20.6 m · 2 fl. |
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 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,234 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 (pre-2019)
Founded13-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Contact
E-mail
stefan.ceulemans@scarlet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645896670
Also
9925:BE0645896670
Registered
24-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.