ENGINEERS
ActiveSummary
ENGINEERS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €269,803 and a net result of €53,065. Equity is growing by ~12.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+12
Solvency86=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.97 in 2024; short-term debt: 26.8% and cash: 0.9% of total assets), and 38.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
61.4%
Return on assets
12.1%
Age of the figures
12 mo
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 16-03-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
on the day
2023
on the day
2021
3 d late
2019
31 d late
2018
71 d late
2017
27 d late
← 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 12 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator 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 What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€269,803▼ 1.9%
2024 · €275,128
Total assets
€439,509▼ 2.9%
2024 · €452,653
Net result
€53,065▲ 330%
2024 · €12,333
Working capital
€43,835▼ 41.5%
2024 · €74,953
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
Line20192021202320242025
Operating result€19,229▲ 22.8%€46,995-€308,014-€21,045▼ 93.2%€93,759▲ 346%
Net result€1,338▼ 36.0%€32,816-€201,067-€12,333▼ 93.9%€53,065▲ 330%
Equity€121,671▲ 1.1%€72,728-€262,795-€275,128▲ 4.7%€269,803▼ 1.9%
Total assets€494,077▼ 7.4%€474,806-€584,445-€452,653▼ 22.6%€439,509▼ 2.9%
Debt€372,406▼ 9.8%€402,078-€321,650-€177,524▼ 44.8%€169,706▼ 4.4%
Working capital€28,969€196-€97,819-€74,953▼ 23.4%€43,835▼ 41.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 346% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €439,509
Fixed assets
€277,776 ▼ 7.4%
Current assets
€161,733 ▲ 6.0%
Equity and liabilities €439,509
Equity
€269,803 ▼ 1.9%
Debt
€169,706 ▼ 4.4%
Debt's share of the balance-sheet total falls from 39.2% to 38.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€116,070▲
2024 · €42,572
Cash flow
€75,375▲
2024 · €33,860
Current ratio
1.37▼
2024 · 1.97
Debt to equity
0.63▼
2024 · 0.65
ROE
19.7%▲
2024 · 4.5%
ROA
12.1%▲
2024 · 2.7%
Interest coverage
23.06▲
2024 · 9.35
Debt ≤ 1 year
€117,898▲
2024 · €77,613
Debt > 1 year
€51,808▼
2024 · €99,911
Income taxes
€42,557▲
2024 · €12,178
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €52,721 | €53,556 | €47,817 | €21,527 | €22,310 | ▲ 3.6% |
| Other operating charges640/8 | - | €22,970 | €17,025 | €2,215 | €21,301 | ▲ 861% |
| Gross operating margin9900 | €79,642 | €123,521 | €372,856 | €44,787 | €137,371 | ▲ 207% |
| Operating profit (loss)9901 | €19,229 | €46,995 | €308,014 | €21,045 | €93,759 | ▲ 346% |
| Financial income75/76B | - | €7,026 | €6,899 | €8,019 | €6,896 | ▼ 14.0% |
| Recurring financial income75 | €2,221 | €7,026 | €6,899 | €8,019 | €6,896 | ▼ 14.0% |
| Financial charges65/66B | - | €6,639 | €13,491 | €4,553 | €5,033 | ▲ 10.6% |
| Recurring financial charges65 | €7,111 | €6,639 | €13,491 | €4,553 | €5,033 | ▲ 10.6% |
| Profit (loss) for the period before taxes9903 | €14,339 | €47,383 | €301,423 | €24,510 | €95,622 | ▲ 290% |
| Income taxes67/77 | €13,001 | €14,567 | €100,356 | €12,178 | €42,557 | ▲ 249% |
| Profit (loss) for the period9904 | €1,338 | €32,816 | €201,067 | €12,333 | €53,065 | ▲ 330% |
| Profit (loss) for the period to be appropriated9905 | €1,338 | €32,816 | €201,067 | €12,333 | €53,065 | ▲ 330% |
| Line | 2019 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €494,077 | €474,806 | €584,445 | €452,653 | €439,509 | ▼ 2.9% |
| Fixed assets21/28 | €419,030 | €327,235 | €313,865 | €300,086 | €277,776 | ▼ 7.4% |
| Tangible fixed assets22/27 | €419,030 | €327,235 | €313,865 | €300,086 | €277,776 | ▼ 7.4% |
| Land and buildings22 | - | €318,344 | €308,913 | €290,084 | €273,001 | ▼ 5.9% |
| Furniture and vehicles24 | - | €6,141 | €2,026 | €7,977 | €3,650 | ▼ 54.2% |
| Other tangible fixed assets26 | - | €2,750 | €2,925 | €2,025 | €1,125 | ▼ 44.4% |
| Current assets29/58 | €75,047 | €147,572 | €270,580 | €152,566 | €161,733 | ▲ 6.0% |
| Amounts receivable within one year40/41 | €55,457 | €117,471 | €114,852 | €101,156 | €111,184 | ▲ 9.9% |
| Trade receivables40 | - | €23,332 | €8,775 | €24,501 | €14,971 | ▼ 38.9% |
| Other amounts receivable41 | - | €94,139 | €106,078 | €76,654 | €96,213 | ▲ 25.5% |
| Current investments50/53 | - | - | €100,000 | €50,000 | €40,000 | ▼ 20.0% |
| Cash at bank and in hand54/58 | €19,589 | €30,101 | €40,414 | €1,411 | €3,789 | ▲ 169% |
| Deferred charges and accrued income490/1 | - | - | €15,314 | - | €6,759 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €494,077 | €474,806 | €584,445 | €452,653 | €439,509 | ▼ 2.9% |
| Equity10/15 | €121,671 | €72,728 | €262,795 | €275,128 | €269,803 | ▼ 1.9% |
| Contributions10/11 | €110,000 | - | - | - | - | - |
| Reserves13 | €10,332 | €71,390 | €261,457 | €273,790 | €268,465 | ▼ 1.9% |
| Non-distributable reserves130/1 | - | €11,000 | - | - | - | - |
| Reserves not available under the articles1311 | - | €11,000 | - | - | - | - |
| Tax-exempt reserves132 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | €58,390 | €259,457 | €271,790 | €266,465 | ▼ 2.0% |
| Profit (loss) carried forward14 | €1,338 | €1,338 | €1,338 | €1,338 | €1,338 | = |
| Amounts payable17/49 | €372,406 | €402,078 | €321,650 | €177,524 | €169,706 | ▼ 4.4% |
| Amounts payable after more than one year17 | €324,768 | €254,702 | €148,888 | €99,911 | €51,808 | ▼ 48.1% |
| Financial debts170/4 | - | €254,702 | €148,888 | €99,911 | €51,808 | ▼ 48.1% |
| Amounts payable within one year42/48 | €46,078 | €147,376 | €172,761 | €77,613 | €117,898 | ▲ 51.9% |
| Current portion of amounts payable after more than one year42 | - | €95,353 | €71,277 | €59,751 | €71,060 | ▲ 18.9% |
| Trade debts44 | €1,626 | €29,695 | €10,516 | €2,385 | €7,671 | ▲ 222% |
| Suppliers440/4 | - | €29,695 | €10,516 | €2,385 | €7,671 | ▲ 222% |
| Taxes, remuneration and social security45 | - | €22,328 | €90,969 | €15,478 | €39,167 | ▲ 153% |
| Taxes450/3 | - | €22,328 | €90,969 | €15,478 | €39,167 | ▲ 153% |
| Line | 2019 | 2021 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,338 | €32,816 | €201,067 | €12,333 | €53,065 | ▲ 330% |
| + Depreciation and write-downs630 | €52,721 | €53,556 | €47,817 | €21,527 | €22,310 | ▲ 3.6% |
| Operating cash flow (approximation) | €54,060 | €86,371 | €248,884 | €33,860 | €75,375 | ▲ 123% |
| Investment in fixed assets (approximation) | - | - | - | -€7,749 | €0 | ▲ 100% |
| Change in cash | - | - | - | -€39,004 | €2,379 | ▲ 106% |
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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €201,067 ▲513%
Operating result €308,014, net result €201,067, both a record.
30-09
Financial
Equity above €200,000Eq €262,795 ▲261%
4 profitable years in a row build equity to €262,795.
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Weakest financial yearnet €1,338 ▼36%
Net result drops to €1,338, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 1.63
Current ratio from 0.58 to 1.63; short-term debt falls from €105,769 to €46,078.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 56 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Kapellen · 1 establishment unit since 2000
Ground area
5,784 m²
Building footprint
586 m²
Volume, LiDAR
3,753 m³
2 parcels, Flanders · tallest building 14.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Middendreef (Heide) 42, 2920 Kalmthout
since 20002.100.791.455
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0451/00B002 | Flanders | 3,726 m² | 1 · 391 m² | 14.5 m · 2 fl. |
| 11662E0594/00M010 | Flanders | 2,057 m² | 1 · 195 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 518 EUR awarded · 386 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 83 EUR | 0 EUR |
| 2024 | 1 | 66 EUR | 66 EUR |
| 2023 | 1 | 369 EUR | 320 EUR |
Similar companies · same sector, comparable size
Visium MV
BE 0800.534.763
Wezembeek-Oppem · Eq €269,806
GEVEM
BE 0816.765.140
Assenede · Eq €269,809
JCD Consulting
BE 0741.849.862
Beveren-Kruibeke-Zwijndrecht · Eq €269,812
BUM
BE 0824.651.339
Gent · Eq €269,820
SAKIN
BE 1008.448.919
Herstal · Eq €269,785
Of 82,642 companies in sector 70200 we hold annual accounts for 52,583. 38,636 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
Founded03-03-2000
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.