ENGINSO
ActiveSummary
ENGINSO has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49,141 and a net result of €11,752. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 23% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability59▼-20
Solvency46▲+5
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.63 against 0.67 in 2024; short-term debt: 73.9% and cash: 28.7% of total assets), and 79% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
21%
Return on assets
5%
Age of the figures
9 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 28254 sector peers (2025).
NBB · sector comparisonPosition among 28254 sector peers
Solvency
better than 23%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
53 d late
2023
31 d late
2022
59 d late
2021
7 d early
2020
on the day
2019
on the day
← 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 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 12 September (3 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€49,141▲ 31.4%
2024 · €37,389
Total assets
€233,666▲ 2.6%
2024 · €227,853
Net result
€11,752▼ 37.5%
2024 · €18,789
Working capital
-€64,128▼ 6.1%
2024 · -€60,415
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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€24,431▲ 72.6%€45,376▲ 85.7%€42,758▼ 5.8%€33,959▼ 20.6%€26,837▼ 21.0%
Net result€20,638within the sector's middle half▲ 101%€36,381above the sector's middle half▲ 76.3%€32,394above the sector's middle half▼ 11.0%€18,789within the sector's middle half▼ 42.0%€11,752within the sector's middle half▼ 37.5%
Equity€63,888within the sector's middle half▲ 47.7%€79,631within the sector's middle half▲ 24.6%€18,600below the sector's middle half▼ 76.6%€37,389within the sector's middle half▲ 101%€49,141within the sector's middle half▲ 31.4%
Total assets€105,293within the sector's middle half▲ 54.0%€132,637within the sector's middle half▲ 26.0%€230,727within the sector's middle half▲ 74.0%€227,853within the sector's middle half▼ 1.2%€233,666within the sector's middle half▲ 2.6%
Debt€37,644▲ 65.8%€49,687▲ 32.0%€209,284▲ 321%€189,490▼ 9.5%€184,201▼ 2.8%
Working capital€54,494within the sector's middle half▲ 43.4%€54,925within the sector's middle half▲ 0.8%-€101,228below the sector's middle half-€60,415below the sector's middle half▲ 40.3%-€64,128below the sector's middle half▼ 6.1%
Solvency60.7%within the sector's middle half▼ 2.6pp60.0%within the sector's middle half▼ 0.6pp8.1%below the sector's middle half▼ 52.0pp16.4%below the sector's middle half▲ 8.3pp21.0%below the sector's middle half▲ 4.6pp
Current ratio2.70within the sector's middle half▼ 0.402.12within the sector's middle half▼ 0.570.51below the sector's middle half▼ 1.610.67below the sector's middle half▲ 0.150.63below the sector's middle half▼ 0.04
Return on assets (ROA)19.6%above the sector's middle half▲ 4.6pp27.4%above the sector's middle half▲ 7.8pp14.0%within the sector's middle half▼ 13.4pp8.2%within the sector's middle half▼ 5.8pp5.0%within the sector's middle half▼ 3.2pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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 three years in a row; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233,666
Fixed assets
€125,051 ▲ 16.1%
Current assets
€108,615 ▼ 9.6%
Equity and liabilities €233,666
Equity
€49,141 ▲ 31.4%
Provisions
€324 ▼ 66.7%
Debt
€184,201 ▼ 2.8%
Debt's share of the balance-sheet total falls from 83.2% to 78.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€42,183▼
2024 · €56,321
Cash flow
€27,099▼
2024 · €41,152
Quick ratio
0.59▼
2024 · 0.66
Debt to equity
3.75▼
2024 · 5.07
ROE
23.9%▼
2024 · 50.3%
Interest coverage
4.05▼
2024 · 6.93
Debt ≤ 1 year
€172,743▼
2024 · €180,559
Income taxes
€5,580▼
2024 · €7,526
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,053 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,537 | €10,705 | €12,341 | €22,363 | €15,347 | ▼ 31.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €170 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€443 | -€475 | -€1,870 | -€649 | ▲ 65.3% |
| Other operating charges640/8 | - | €2,428 | €1,231 | €2,148 | €2,060 | ▼ 4.1% |
| Non-recurring operating charges66A | - | - | - | - | €576 | - |
| Gross operating margin9900 | €32,324 | €58,066 | €55,855 | €56,600 | €44,339 | ▼ 21.7% |
| Operating profit (loss)9901 | €24,431 | €45,376 | €42,758 | €33,959 | €26,837 | ▼ 21.0% |
| Financial income75/76B | - | €1,752 | €7 | €483 | €912 | ▲ 88.9% |
| Recurring financial income75 | €33 | €1,752 | €7 | €483 | €912 | ▲ 88.9% |
| Financial charges65/66B | - | €1,163 | €2,127 | €8,127 | €10,417 | ▲ 28.2% |
| Recurring financial charges65 | €317 | €1,163 | €2,127 | €8,127 | €10,417 | ▲ 28.2% |
| Profit (loss) for the period before taxes9903 | €24,147 | €45,966 | €40,639 | €26,315 | €17,332 | ▼ 34.1% |
| Income taxes67/77 | €3,509 | €9,584 | €8,245 | €7,526 | €5,580 | ▼ 25.9% |
| Profit (loss) for the period9904 | €20,638 | €36,381 | €32,394 | €18,789 | €11,752 | ▼ 37.5% |
| Profit (loss) for the period to be appropriated9905 | €20,638 | €36,381 | €32,394 | €18,789 | €11,752 | ▼ 37.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,293 | €132,637 | €230,727 | €227,853 | €233,666 | ▲ 2.6% |
| Fixed assets21/28 | €18,738 | €28,885 | €124,914 | €107,708 | €125,051 | ▲ 16.1% |
| Tangible fixed assets22/27 | €18,738 | €28,885 | €124,914 | €107,708 | €125,051 | ▲ 16.1% |
| Land and buildings22 | - | - | €95,463 | €89,800 | €117,260 | ▲ 30.6% |
| Plant, machinery and equipment23 | - | €21,840 | €22,798 | €12,023 | €4,874 | ▼ 59.5% |
| Furniture and vehicles24 | - | €6,243 | €6,252 | €4,327 | €2,917 | ▼ 32.6% |
| Other tangible fixed assets26 | - | €802 | €401 | €1,558 | - | - |
| Current assets29/58 | €86,555 | €103,752 | €105,813 | €120,144 | €108,615 | ▼ 9.6% |
| Stocks and contracts in progress3 | €1,500 | €1,500 | €1,500 | €1,500 | €6,600 | ▲ 340% |
| Stocks30/36 | - | €1,500 | €1,500 | €1,500 | €6,600 | ▲ 340% |
| Amounts receivable within one year40/41 | €25,150 | €35,673 | €43,076 | €32,620 | €34,783 | ▲ 6.6% |
| Trade receivables40 | - | €35,538 | €31,971 | €16,418 | €29,398 | ▲ 79.1% |
| Other amounts receivable41 | - | €136 | €11,105 | €16,202 | €5,385 | ▼ 66.8% |
| Cash at bank and in hand54/58 | €59,828 | €66,295 | €61,107 | €85,474 | €67,146 | ▼ 21.4% |
| Deferred charges and accrued income490/1 | - | €284 | €130 | €550 | €86 | ▼ 84.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,293 | €132,637 | €230,727 | €227,853 | €233,666 | ▲ 2.6% |
| Equity10/15 | €63,888 | €79,631 | €18,600 | €37,389 | €49,141 | ▲ 31.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €45,288 | €61,031 | - | €18,789 | €30,541 | ▲ 62.5% |
| Distributable reserves133 | - | €61,031 | - | €18,789 | €30,541 | ▲ 62.5% |
| Provisions and deferred taxes16 | €3,761 | €3,318 | €2,843 | €973 | €324 | ▼ 66.7% |
| Provisions for liabilities and charges160/5 | - | €3,318 | €2,843 | €973 | €324 | ▼ 66.7% |
| Other liabilities and charges164/5 | - | €3,318 | €2,843 | €973 | €324 | ▼ 66.7% |
| Amounts payable17/49 | €37,644 | €49,687 | €209,284 | €189,490 | €184,201 | ▼ 2.8% |
| Amounts payable within one year42/48 | €32,061 | €48,827 | €207,042 | €180,559 | €172,743 | ▼ 4.3% |
| Trade debts44 | €19,456 | €31,980 | €24,066 | €18,397 | €39,499 | ▲ 115% |
| Suppliers440/4 | - | €31,980 | €24,066 | €18,397 | €39,499 | ▲ 115% |
| Taxes, remuneration and social security45 | - | €7,578 | €7,030 | €8,651 | €4,634 | ▼ 46.4% |
| Taxes450/3 | - | €7,578 | €7,030 | €8,651 | €4,634 | ▼ 46.4% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - |
| Other amounts payable47/48 | - | €9,269 | €175,945 | €153,511 | €128,610 | ▼ 16.2% |
| Accrued charges and deferred income492/3 | - | €861 | €2,243 | €8,931 | €11,458 | ▲ 28.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,638 | €36,381 | €32,394 | €18,789 | €11,752 | ▼ 37.5% |
| + Depreciation and write-downs630 | €4,537 | €10,705 | €12,341 | €22,363 | €15,347 | ▼ 31.4% |
| Operating cash flow (approximation) | €25,175 | €47,086 | €44,735 | €41,152 | €27,099 | ▼ 34.2% |
| Investment in fixed assets (approximation) | - | -€20,852 | -€108,370 | -€5,157 | -€32,690 | ▼ 534% |
| Change in cash | - | €6,467 | -€5,187 | €24,367 | -€18,329 | ▼ 175% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Highest result since 2019net €36,381 ▲76.3%
Operating result €45,376, net result €36,381, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €10,265 ▼44.2%
Net result drops to €10,265, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity doublescurrent ratio 3.10
Current ratio from 1.47 to 3.10; short-term debt falls from €61,371 to €18,066.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
12-12
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 2 acts read
About the unread acts
We know of 2 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
2 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, Staden · 1 establishment unit since 2013
Ground area
857 m²
Building footprint
234 m²
Volume, LiDAR
1,320 m³
2 parcels, Flanders · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Paulusstraat 15, 8400 Oostende
since 20132.224.095.380
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36019A1479/00H003 | Flanders | 800 m² | 1 · 177 m² | 10.7 m · 1 fl. |
| 35013A1144/00_000 | Flanders | 57 m² | 1 · 57 m² | 14.7 m · 3 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
2022 to 2024 · 3 entries · 766 EUR awarded · 861 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 0 EUR | 135 EUR |
| 2023 | 1 | 135 EUR | 384 EUR |
| 2022 | 1 | 631 EUR | 342 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,557 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
Founded09-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43230Insulation installation
43320Joinery installation
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
E-invoicing
Reachable via Peppol
Peppol ID
0208:0541828439
Also
9925:BE0541828439
Registered
05-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.