ENGITECH
ActiveSummary
ENGITECH has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,317 and a net result of €61,040. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 19% of 28051 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency41=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.17 in 2024; short-term debt: 83.7% and cash: 83.4% of total assets), and 83.7% of the assets are financed with debt.
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Signals
Four 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
16.3%
Return on assets
28.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 28051 sector peers (2025).
NBB · sector comparisonPosition among 28051 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
53 d late
2023
30 d late
2022
55 d early
2021
41 d early
2020
23 d late
2019
88 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 18 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€35,317▲ 3.0%
2024 · €34,277
Total assets
€216,507▼ 0.5%
2024 · €217,613
Net result
€61,040▲ 0.8%
2024 · €60,549
Working capital
€33,588▲ 8.0%
2024 · €31,110
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
Line20212022202320242025
Operating result€52,018▲ 3.0%€59,316▲ 14.0%€70,918▲ 19.6%€86,447▲ 21.9%€85,693▼ 0.9%
Net result€36,855▲ 0.8%€40,724▲ 10.5%€48,778▲ 19.8%€60,549▲ 24.1%€61,040▲ 0.8%
Equity€122,227▲ 67.5%€32,950▼ 73.0%€33,728▲ 2.4%€34,277▲ 1.6%€35,317▲ 3.0%
Total assets€182,870▲ 48.3%€224,299▲ 22.7%€212,726▼ 5.2%€217,613▲ 2.3%€216,507▼ 0.5%
Debt€60,644▲ 20.4%€191,348▲ 216%€178,998▼ 6.5%€183,336▲ 2.4%€181,190▼ 1.2%
Working capital€119,499▲ 64.1%€31,214▼ 73.9%€29,256▼ 6.3%€31,110▲ 6.3%€33,588▲ 8.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €216,507
Fixed assets
€1,729 ▼ 45.4%
Current assets
€214,778 ▲ 0.2%
Equity and liabilities €216,507
Equity
€35,317 ▲ 3.0%
Debt
€181,190 ▼ 1.2%
Debt's share of the balance-sheet total falls from 84.2% to 83.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87,979▼
2024 · €89,219
Cash flow
€63,326=
2024 · €63,321
Current ratio
1.19▲
2024 · 1.17
Debt to equity
5.13▼
2024 · 5.35
ROE
172.8%▼
2024 · 176.6%
ROA
28.2%▲
2024 · 27.8%
Interest coverage
54.58▲
2024 · 48.58
Debt ≤ 1 year
€181,190▼
2024 · €183,336
Income taxes
€23,041▼
2024 · €24,061
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €408 | €992 | €1,926 | €2,772 | €2,286 | ▼ 17.6% |
| Other operating charges640/8 | €2,296 | €2,570 | €4,762 | €2,347 | €1,934 | ▼ 17.6% |
| Gross operating margin9900 | €54,722 | €62,877 | €77,605 | €91,566 | €89,912 | ▼ 1.8% |
| Operating profit (loss)9901 | €52,018 | €59,316 | €70,918 | €86,447 | €85,693 | ▼ 0.9% |
| Financial charges65/66B | €971 | €1,817 | €2,232 | €1,837 | €1,612 | ▼ 12.2% |
| Recurring financial charges65 | €971 | €1,817 | €2,232 | €1,837 | €1,612 | ▼ 12.2% |
| Profit (loss) for the period before taxes9903 | €51,047 | €57,499 | €68,685 | €84,610 | €84,081 | ▼ 0.6% |
| Income taxes67/77 | €14,192 | €16,775 | €19,908 | €24,061 | €23,041 | ▼ 4.2% |
| Profit (loss) for the period9904 | €36,855 | €40,724 | €48,778 | €60,549 | €61,040 | ▲ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €36,855 | €40,724 | €48,778 | €60,549 | €61,040 | ▲ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €182,870 | €224,299 | €212,726 | €217,613 | €216,507 | ▼ 0.5% |
| Fixed assets21/28 | €2,728 | €2,236 | €4,472 | €3,167 | €1,729 | ▼ 45.4% |
| Tangible fixed assets22/27 | €2,728 | €2,236 | €4,472 | €3,167 | €1,729 | ▼ 45.4% |
| Plant, machinery and equipment23 | €2,728 | €2,236 | €4,472 | €3,167 | €1,729 | ▼ 45.4% |
| Current assets29/58 | €180,142 | €222,062 | €208,254 | €214,446 | €214,778 | ▲ 0.2% |
| Amounts receivable within one year40/41 | - | €22,651 | €12,800 | €31,200 | €34,170 | ▲ 9.5% |
| Trade receivables40 | - | €22,651 | €12,800 | €31,200 | €34,170 | ▲ 9.5% |
| Cash at bank and in hand54/58 | €179,831 | €199,105 | €195,132 | €183,246 | €180,608 | ▼ 1.4% |
| Deferred charges and accrued income490/1 | €312 | €306 | €322 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €182,870 | €224,299 | €212,726 | €217,613 | €216,507 | ▼ 0.5% |
| Equity10/15 | €122,227 | €32,950 | €33,728 | €34,277 | €35,317 | ▲ 3.0% |
| Contributions10/11 | €18,600 | €18,600 | €20,460 | €20,460 | €20,460 | = |
| Reserves13 | €11,855 | €11,855 | €9,995 | €9,995 | €9,995 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €9,995 | €9,995 | €9,995 | €9,995 | €9,995 | = |
| Profit (loss) carried forward14 | €91,772 | €2,495 | €3,273 | €3,822 | €4,863 | ▲ 27.2% |
| Amounts payable17/49 | €60,644 | €191,348 | €178,998 | €183,336 | €181,190 | ▼ 1.2% |
| Amounts payable within one year42/48 | €60,644 | €190,848 | €178,998 | €183,336 | €181,190 | ▼ 1.2% |
| Trade debts44 | €761 | €2,214 | €1,975 | €1,586 | €996 | ▼ 37.2% |
| Suppliers440/4 | €761 | €2,214 | €1,975 | €1,586 | €996 | ▼ 37.2% |
| Taxes, remuneration and social security45 | €39,007 | €63,185 | €67,282 | €64,457 | €72,609 | ▲ 12.6% |
| Taxes450/3 | €39,007 | €63,185 | €65,482 | €62,656 | €69,006 | ▲ 10.1% |
| Remuneration and social security454/9 | - | - | €1,800 | €1,800 | €3,603 | ▲ 100% |
| Other amounts payable47/48 | €20,876 | €125,450 | €109,741 | €117,293 | €107,585 | ▼ 8.3% |
| Accrued charges and deferred income492/3 | - | €500 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,855 | €40,724 | €48,778 | €60,549 | €61,040 | ▲ 0.8% |
| + Depreciation and write-downs630 | €408 | €992 | €1,926 | €2,772 | €2,286 | ▼ 17.6% |
| Operating cash flow (approximation) | €37,263 | €41,715 | €50,704 | €63,321 | €63,326 | = |
| Investment in fixed assets (approximation) | - | -€500 | -€4,162 | -€1,467 | -€848 | ▲ 42.2% |
| Change in cash | - | €19,275 | -€3,973 | -€11,886 | -€2,638 | ▲ 77.8% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Highest result since 2018net €61,040 ▲0.8%
Net result €61,040, the highest in the series.
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 53 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
06-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €122,227 ▲67.5%
3 profitable years in a row build equity to €122,227.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Back to profitnet €15,752
Net result €15,752 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-05
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 4 acts read
About the unread acts
We know of 4 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
4 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, Vilvoorde · 1 establishment unit since 2016
Ground area
1,568 m²
Building footprint
376 m²
Volume, LiDAR
4,071 m³
2 parcels, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ENGITECH
since 20162.248.033.396
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025I0309/00B002 | Flanders | 1,474 m² | 1 · 289 m² | 15.7 m · 4 fl. |
| 23645C0426/00Y003 | Flanders | 94 m² | 1 · 87 m² | 11.9 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.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,183 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
Founded27-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Scores and ratios are computed by Checked and are not a credit decision.