EUCLIDE ENGINEERING
ActiveSummary
EUCLIDE ENGINEERING has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €272,929 and a net result of -€126,488. Equity has been shrinking by about 10% per year since 2018. Its solvency ranks better than 76% of 9,664 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-02-2000 Normal situation
- Activity
- Other business support services NACE 82990and 1 other
- Establishment unit
- 2.093.898.517 4032 Liège, since 28-06-2000
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- -€15,401
- ▲ 76.5%
- Loss
- €126,488
- ▼ 24.2%
- Equity
- €272,929
- ▼ 31.7%
- Total assets
- €357,158
- ▼ 18.4%
- Staff
- ≈ 0.1 FTE
- estimated
- 2025 accounts filed 25 days after the deadline
Score breakdownraises riskLoss of €126,488, the second in a row (financial year 2025)Last filed accounts filed 25 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 4.17, cash €200,736Equity €272,929 (76.4% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 88% of them on solvency, 86% on liquidity, 5% on profitability and 17% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 104 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 25 days after the deadline Filed on 25 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00420595.
Annual accounts 2025 filed on 25-08-2026 at the NBB all 26 filings
Every figure per financial year
The operating result for 2025 is a loss of €26,107, smaller than the loss of €74,473 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €10,248 | €6,339 | €2,872 | - | €4,543 |
| Financial fixed assets | - | - | - | - | €60 |
| Depreciation and write-downs of the year | €4,680 | €4,742 | €1,768 | €7,628 | €4,799 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €142,247 | €131,939 | ▼ 7.2% |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €4,188 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,884 | €3,168 | €2,480 | €4,680 | €4,742 | €1,768 | €7,628 | €4,799 | ▼ 37.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €5,000 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €5,224 | €469 | €6,966 | €1,179 | €1,719 | ▲ 45.8% |
| Gross operating margin9900 | €167,048 | €14,260 | €22,739 | €80,150 | €31,892 | €253,263 | -€65,665 | -€15,401 | ▲ 76.5% |
| Operating profit (loss)9901 | €161,693 | -€16,654 | -€2,729 | €70,247 | €21,681 | €244,529 | -€74,473 | -€26,107 | ▲ 64.9% |
| Financial income75/76B | - | - | - | - | €1,726 | €5,034 | €14,522 | €1,321 | ▼ 90.9% |
| Recurring financial income75 | €128 | €64 | €10 | - | €1,726 | €5,034 | €14,522 | €1,321 | ▼ 90.9% |
| Financial charges65/66B | - | - | - | €85 | €908 | €6,701 | €90,411 | €96,417 | ▲ 6.6% |
| Recurring financial charges65 | €500 | €17,737 | €5,428 | €85 | €908 | €1,862 | €58,911 | €60,727 | ▲ 3.1% |
| Non-recurring financial charges66B | - | - | - | - | - | €4,840 | €31,500 | €35,690 | ▲ 13.3% |
| Profit (loss) for the period before taxes9903 | €161,321 | -€34,327 | -€8,147 | €70,162 | €22,498 | €242,862 | -€150,362 | -€121,202 | ▲ 19.4% |
| Income taxes67/77 | €41,797 | €127,311 | €5,550 | €15,155 | €5,518 | €76,754 | €16,451 | €5,286 | ▼ 67.9% |
| Profit (loss) for the period9904 | €119,523 | -€161,638 | -€13,697 | €55,007 | €16,981 | €166,108 | -€166,812 | -€126,488 | ▲ 24.2% |
| Profit (loss) for the period to be appropriated9905 | €119,523 | -€161,638 | -€13,697 | €55,007 | €16,981 | €166,108 | -€166,812 | -€126,488 | ▲ 24.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.2m | €1.1m | €0.7m | €0.7m | €0.6m | €0.6m | €0.4m | €0.4m | ▼ 18.4% |
| Fixed assets21/28 | €0.04m | €0.04m | €0.03m | €0.04m | €0.05m | €0.04m | €0.006m | €0.006m | ▼ 3.0% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.005m | €0.006m | €0.002m | €0.01m | €0.01m | €0.01m | €0.006m | €0.006m | ▼ 3.9% |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.002m | €0.004m | €0.003m | €0.004m | ▲ 67.1% |
| Furniture and vehicles24 | - | - | - | €0.009m | €0.01m | €0.007m | €0.004m | €0.002m | ▼ 53.0% |
| Financial fixed assets28 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0 | €60 | - |
| Current assets29/58 | €1.1m | €1.1m | €0.6m | €0.7m | €0.6m | €0.6m | €0.4m | €0.4m | ▼ 18.6% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▲ 1.7% |
| Trade receivables40 | - | - | - | €0.09m | €0.1m | €0.1m | €0.1m | €0.1m | ▲ 2.5% |
| Other amounts receivable41 | - | - | - | €0.2m | €0.1m | €0.03m | €0.004m | €0.003m | ▼ 25.3% |
| Current investments50/53 | €0.7m | €0.7m | €0.2m | - | - | - | €0.007m | €0.005m | ▼ 34.4% |
| Cash at bank and in hand54/58 | €0.3m | €0.2m | €0.3m | €0.4m | €0.3m | €0.4m | €0.3m | €0.2m | ▼ 28.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | €0.003m | €219 | €0.004m | €0.003m | ▼ 6.7% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.2m | €1.1m | €0.7m | €0.7m | €0.6m | €0.6m | €0.4m | €0.4m | ▼ 18.4% |
| Equity10/15 | €0.8m | €0.6m | €0.6m | €0.5m | €0.5m | €0.6m | €0.4m | €0.3m | ▼ 31.7% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.8m | €0.6m | €0.6m | €0.5m | €0.5m | €0.5m | €0.4m | €0.3m | ▼ 33.4% |
| Provisions and deferred taxes16 | - | - | - | - | €0.005m | €0.005m | €0.005m | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €0.005m | €0.005m | €0.005m | - | - |
| Other liabilities and charges164/5 | - | - | - | - | €0.005m | €0.005m | €0.005m | - | - |
| Amounts payable17/49 | €0.4m | €0.5m | €0.07m | €0.2m | €0.07m | €0.07m | €0.03m | €0.08m | ▲ 154% |
| Amounts payable within one year42/48 | €0.4m | €0.5m | €0.07m | €0.2m | €0.07m | €0.07m | €0.03m | €0.08m | ▲ 154% |
| Financial debts43 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | - | - |
| Credit institutions430/8 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | - | - |
| Trade debts44 | €0.04m | €0.06m | €0.03m | €0.04m | €0.02m | €0.03m | €0.02m | €0.02m | ▲ 25.0% |
| Suppliers440/4 | - | - | - | €0.04m | €0.02m | €0.03m | €0.02m | €0.02m | ▲ 25.0% |
| Taxes, remuneration and social security45 | - | - | - | €0.02m | €0.04m | €0.03m | €57 | €304 | ▲ 430% |
| Taxes450/3 | - | - | - | €0.02m | €0.04m | €0.03m | €57 | €304 | ▲ 430% |
| Other amounts payable47/48 | - | - | - | €0.1m | €231 | €0.003m | €0.002m | €0.06m | ▲ 33× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €119,523 | -€161,638 | -€13,697 | €55,007 | €16,981 | €166,108 | -€166,812 | -€126,488 | ▲ 24.2% |
| + Depreciation and write-downs630 | €1,884 | €3,168 | €2,480 | €4,680 | €4,742 | €1,768 | €7,628 | €4,799 | ▼ 37.1% |
| Operating cash flow (approximation) | €121,407 | -€158,469 | -€11,217 | €59,686 | €21,723 | €167,876 | -€159,184 | -€121,689 | ▲ 23.6% |
| Investment in fixed assets (approximation) | - | -€4,450 | €1,377 | -€13,197 | -€7,839 | €544 | €28,950 | -€4,603 | - |
| Change in cash | - | -€70,251 | €115,960 | €95,389 | -€81,089 | €99,866 | -€143,617 | -€80,005 | ▲ 44.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,831 companies had the same profile as EUCLIDE ENGINEERING has now. Two years later, 84.6% were still going and 1.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EUCLIDE ENGINEERING itself is lower: 0.1% within 12 months. It rests on far more data about EUCLIDE ENGINEERING than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for EUCLIDE ENGINEERING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-08-2026 | 2026-00420595 | |
| 31-12-2024 | micro format | 19-08-2025 | 2025-00381692 | |
| 31-12-2023 | micro format | 07-09-2024 | 2024-00455789 | |
| 31-12-2022 | micro format | 30-12-2023 | 2024-00545035 | |
| 31-12-2021 | micro format | 25-03-2023 | 2023-00047953 | |
| 31-12-2020 | micro format | 15-11-2021 | 2021-77300399 | |
| 31-12-2019 | micro format | 30-12-2020 | 2020-77700410 | |
| 31-12-2018 | micro format | 06-02-2020 | 2020-04700029 | |
| 31-12-2017 | micro format | 09-07-2018 | 2018-31600470 | |
| 31-12-2016 | full format | 20-07-2017 | 2017-33600539 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 13-12-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Dominique CERUTTI |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Tenus de solliciter l'agrément selon mêmes formalités s'ils ne deviennent pas de plein droit actionnaires, libre de céder tout ou partie…”
Articles of association, deed of 13-12-2023 (in French)
Network & group
EUCLIDE ENGINEERING shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of EUCLIDE ENGINEERING. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
31-10
Gazette deed
Registered office moved from Liège to GesvesNew seat: rue de Labas, 31 à 5340 GESVES · Previous seat: Rue Alex Bouvy, 2A/013 à 4020 Liège · Power of attorney4 points ▸
- General meeting, 29-03-2024
- Registered-office move, rue de Labas,31 à 5340 GESVES
- Power of attorney, UCM Guichet d'Entreprises
- Power of attorney, FALZONE Mirella
13-12
Gazette deed
Change of role: Dominique CERUTTI, from manager to directorRegistered office clause · Capital conversion · Reserve release11 points ▸
- Registered office clause, “4020 Liège-Rue Alex-Bouvy 2A/013, Quatrième résolution” (deed in French)
- Director resignation, Dominique CERUTTI (manager)
- Director appointment, Dominique CERUTTI (director (not named in the articles))
- General meeting, 08-12-2023
- Other provision, “adaptation des statuts au CSA et maintien de la forme légale, adapter les statuts aux dispositions du Code des sociétés et des associations” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “conformément aux formes et majorités de la modification des statuts, supprimer le compte de capitaux propres statutairement indisponible créé en application de…” (deed in French)
- Amendment of the articles
- Other provision, “rapport de l’organe d’administration article 5:101 du Code des Sociétés et des Associations, dispense de donner lecture” (deed in French)
- Purpose change
- Capital
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Rue Alex Bouvy,2A/013, 4020 Liège until 29-03-2024 · act of 31-10-2024
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92060B0154/00N000 | Wallonia | 1,570 m² | 1 · 183 m² | 11.0 m · 3 |
| 62023B0040/00R029 | Wallonia | 356 m² | 1 · 52 m² | 11.9 m · 3 |