EUGETEC
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 13 filings
Turnover
≈ €3.3m
Estimated: probably between €2.5m and €4.1m
EBIT margin
Not included in this filing
Net result
€3,161▼ 90.6%
2024 · €33,717
Working capital
€77,867▼ 0.8%
2024 · €78,464
In the rankings
#3 employer in Braine-l'Alleud, Construction sector#10 company by staff growth in Walloon Brabant, Specialised construction sector
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€43,787
▼ 49.7%
2025
20192025
Net result
€3,161
▼ 90.6%
2025
middle half of the sector
20192025
Equity
€95,186
▲ 3.4%
2025
middle half of the sector
20192025
Total assets
€748,895
▼ 5.3%
2025
middle half of the sector
20192025
Debt
€653,708
▼ 6.5%
2025
20192025
Working capital
€77,867
▼ 0.8%
2025
middle half of the sector
20192025
Solvency
12.7%
▲ 1.1pp
2025
lowest quarter of the sector
20192025
Current ratio
1.12
▲ 0.01
2025
lowest quarter of the sector
20192025
Return on assets (ROA)
0.4%
▼ 3.8pp
2025
lowest quarter of the sector
20192025
Staff (FTE)
21.4
▲ 11.5%
2025
highest quarter of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€83,627-€26,147▼ 68.7%€34,650▲ 32.5%€65,479▲ 89.0%€59,905▼ 8.5%€87,064▲ 45.3%€43,787▼ 49.7%
Net result€59,375-€9,748within the sector's middle half▼ 83.6%€3,862within the sector's middle half▼ 60.4%€29,651within the sector's middle half▲ 668%€20,067within the sector's middle half▼ 32.3%€33,717within the sector's middle half▲ 68.0%€3,161within the sector's middle half▼ 90.6%
Equity€310,707-€40,769below the sector's middle half▼ 86.9%€44,631below the sector's middle half▲ 9.5%€74,282within the sector's middle half▲ 66.4%€94,350within the sector's middle half▲ 27.0%€92,025within the sector's middle half▼ 2.5%€95,186within the sector's middle half▲ 3.4%
Total assets€895,423-€576,047within the sector's middle half▼ 35.7%€802,774within the sector's middle half▲ 39.4%€788,274within the sector's middle half▼ 1.8%€627,251within the sector's middle half▼ 20.4%€790,949within the sector's middle half▲ 26.1%€748,895within the sector's middle half▼ 5.3%
Debt€584,716-€535,278▼ 8.5%€758,143▲ 41.6%€713,992▼ 5.8%€532,901▼ 25.4%€698,924▲ 31.2%€653,708▼ 6.5%
Working capital€51,554-€76,814within the sector's middle half▲ 49.0%€63,656within the sector's middle half▼ 17.1%€78,288within the sector's middle half▲ 23.0%€84,065within the sector's middle half▲ 7.4%€78,464within the sector's middle half▼ 6.7%€77,867within the sector's middle half▼ 0.8%
Solvency34.7%-7.1%below the sector's middle half▼ 27.6pp5.6%below the sector's middle half▼ 1.5pp9.4%below the sector's middle half▲ 3.9pp15.0%below the sector's middle half▲ 5.6pp11.6%below the sector's middle half▼ 3.4pp12.7%below the sector's middle half▲ 1.1pp
Current ratio1.09-1.16within the sector's middle half▲ 0.061.09below the sector's middle half▼ 0.071.11below the sector's middle half▲ 0.021.16within the sector's middle half▲ 0.051.11below the sector's middle half▼ 0.051.12below the sector's middle half▲ 0.01
Return on assets (ROA)6.6%-1.7%within the sector's middle half▼ 4.9pp0.5%below the sector's middle half▼ 1.2pp3.8%within the sector's middle half▲ 3.3pp3.2%within the sector's middle half▼ 0.6pp4.3%within the sector's middle half▲ 1.1pp0.4%below the sector's middle half▼ 3.8pp
Staff (FTE)18.2-17.7within the sector's middle half▼ 2.7%19.4above the sector's middle half▲ 9.6%17.4within the sector's middle half▼ 10.3%18.1within the sector's middle half▲ 4.0%19.2above the sector's middle half▲ 6.1%21.4above the sector's middle half▲ 11.5%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 50% lower than in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €748,895
Fixed assets
€25,066 ▲ 69.7%
Current assets
€723,828 ▼ 6.7%
Equity and liabilities €748,895
Equity
€95,186 ▲ 3.4%
Debt
€653,708 ▼ 6.5%
Debt's share of the balance-sheet total falls from 88.4% to 87.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€53,815▼
2024 · €93,981
Cash flow
€13,190▼
2024 · €40,634
Quick ratio
1.11▲
2024 · 1.10
Debt to equity
6.87▼
2024 · 7.59
ROE
3.3%▼
2024 · 36.6%
Interest coverage
1.81▼
2024 · 3.85
Debt ≤ 1 year
€645,961▼
2024 · €697,717
Income taxes
€11,014▼
2024 · €29,694
Staff costs
€1.1m▲
2024 · €958,476
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 20 | 19 | 19 | 22 | 21 |
| full-time | 17 | 15 | 17 | 21 | 20 |
| part-time | 3 | 4 | 2 | 1 | 1 |
| in full-time equivalents | 19.4 | 18.2 | 18.6 | 21.6 | 20.6 |
| Average over the year, in full-time equivalents | 19.4 | 17.4 | 18.1 | 19.2 | 21.4 |
| On a permanent contract | 16 | 14 | 15 | 15 | 18 |
| Joined | 15 | 8 | 5 | 6 | 6 |
| Left | 12 | 9 | 5 | 3 | 7 |
| Training hours | 10,944 | - | 17,556 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | - | €100,000 | €100,000 | €100,000 | - |
| Pledge on the business | €110,000 | €110,000 | €110,000 | €110,000 | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €6,684 | €7,248 | €4,375 | €10,976 | €20,327 |
| Financial fixed assets | - | - | €1,000 | - | - |
| Depreciation and write-downs of the year | €10,089 | €7,568 | €5,420 | €6,916 | €10,028 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0.004m | €0.03m | €0.002m | €0.002m | €0.001m | €0.1m | ▲ 125× |
| Remuneration, social security and pensions62 | - | €0.7m | €1.0m | €0.8m | €0.9m | €1.0m | €1.1m | ▲ 18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.01m | €0.01m | €0.01m | €0.008m | €0.005m | €0.007m | €0.01m | ▲ 45.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€371 | - | €0.03m | - | - |
| Other operating charges640/8 | - | €0.003m | €0.004m | €0.009m | €0.006m | €0.009m | €0.007m | ▼ 15.2% |
| Non-recurring operating charges66A | - | €0.001m | €0.006m | €0.003m | €80 | €0.02m | €0.001m | ▼ 92.4% |
| Gross operating margin9900 | €0.8m | €0.7m | €1.1m | €0.9m | €1.0m | €1.1m | €1.2m | ▲ 7.4% |
| Operating profit (loss)9901 | €0.08m | €0.03m | €0.03m | €0.07m | €0.06m | €0.09m | €0.04m | ▼ 49.7% |
| Financial income75/76B | - | €0.002m | €0.001m | €0.001m | €2 | €0.001m | €82 | ▼ 90.5% |
| Recurring financial income75 | €0.007m | €4 | €47 | €0.001m | €2 | €15 | €82 | ▲ 449% |
| Non-recurring financial income76B | - | €0.002m | €0.001m | - | - | €0.001m | - | - |
| Financial charges65/66B | - | €0.02m | €0.03m | €0.02m | €0.03m | €0.02m | €0.03m | ▲ 21.1% |
| Recurring financial charges65 | €0.01m | €0.01m | €0.03m | €0.02m | €0.03m | €0.02m | €0.03m | ▲ 21.7% |
| Non-recurring financial charges66B | - | €0.002m | - | - | - | €118 | - | - |
| Profit (loss) for the period before taxes9903 | €0.08m | €0.01m | €0.005m | €0.05m | €0.03m | €0.06m | €0.01m | ▼ 77.6% |
| Income taxes67/77 | €0.02m | €0.002m | €0.002m | €0.02m | €0.01m | €0.03m | €0.01m | ▼ 62.9% |
| Profit (loss) for the period9904 | €0.06m | €0.01m | €0.004m | €0.03m | €0.02m | €0.03m | €0.003m | ▼ 90.6% |
| Profit (loss) for the period to be appropriated9905 | €0.06m | €0.01m | €0.004m | €0.03m | €0.02m | €0.03m | €0.003m | ▼ 90.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €895,423 | €576,047 | €802,774 | €788,274 | €627,251 | €790,949 | €748,895 | ▼ 5.3% |
| Fixed assets21/28 | €295,289 | €15,917 | €11,339 | €11,019 | €10,974 | €14,767 | €25,066 | ▲ 69.7% |
| Tangible fixed assets22/27 | €15,354 | €15,667 | €11,089 | €10,769 | €9,724 | €14,517 | €24,816 | ▲ 70.9% |
| Plant, machinery and equipment23 | - | €4,275 | €2,357 | €5,501 | €6,808 | €4,873 | €4,551 | ▼ 6.6% |
| Furniture and vehicles24 | - | €11,186 | €8,732 | €5,269 | €2,916 | €9,644 | €19,192 | ▲ 99.0% |
| Other tangible fixed assets26 | - | €206 | - | - | - | - | €1,074 | - |
| Financial fixed assets28 | €279,936 | €250 | €250 | €250 | €1,250 | €250 | €250 | = |
| Current assets29/58 | €600,134 | €560,130 | €791,435 | €777,255 | €616,276 | €776,181 | €723,828 | ▼ 6.7% |
| Stocks and contracts in progress3 | €2,405 | €2,730 | €3,400 | €7,100 | €7,600 | €8,215 | €5,200 | ▼ 36.7% |
| Stocks30/36 | - | €2,730 | €3,400 | €7,100 | €7,600 | €8,215 | €5,200 | ▼ 36.7% |
| Amounts receivable within one year40/41 | €554,870 | €534,794 | €759,686 | €627,560 | €534,118 | €552,183 | €639,098 | ▲ 15.7% |
| Trade receivables40 | - | €467,777 | €698,068 | €580,357 | €490,675 | €470,865 | €501,907 | ▲ 6.6% |
| Other amounts receivable41 | - | €67,017 | €61,618 | €47,203 | €43,443 | €81,318 | €137,191 | ▲ 68.7% |
| Current investments50/53 | - | - | - | - | - | - | €5,366 | - |
| Cash at bank and in hand54/58 | €33,231 | €13,567 | €16,337 | €128,392 | €50,110 | €189,301 | €33,707 | ▼ 82.2% |
| Deferred charges and accrued income490/1 | - | €9,039 | €12,012 | €14,202 | €24,448 | €26,483 | €40,458 | ▲ 52.8% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €895,423 | €576,047 | €802,774 | €788,274 | €627,251 | €790,949 | €748,895 | ▼ 5.3% |
| Equity10/15 | €310,707 | €40,769 | €44,631 | €74,282 | €94,350 | €92,025 | €95,186 | ▲ 3.4% |
| Contributions10/11 | €8,000 | - | €1,547 | €1,547 | €1,547 | €1,547 | €1,547 | = |
| Share premium1100/10 | - | €1,547 | - | - | - | - | - | - |
| Reserves13 | €293,101 | €39,222 | €39,221 | €72,735 | €92,802 | €90,478 | €93,639 | ▲ 3.5% |
| Non-distributable reserves130/1 | - | €360 | - | - | - | - | - | - |
| Other1319 | - | €360 | - | - | - | - | - | - |
| Distributable reserves133 | - | €38,862 | €39,221 | €72,735 | €92,802 | €90,478 | €93,639 | ▲ 3.5% |
| Profit (loss) carried forward14 | €9,606 | - | €3,862 | - | - | - | - | - |
| Amounts payable17/49 | €584,716 | €535,278 | €758,143 | €713,992 | €532,901 | €698,924 | €653,708 | ▼ 6.5% |
| Amounts payable after more than one year17 | €34,922 | €51,415 | €30,164 | €13,834 | - | - | - | - |
| Financial debts170/4 | - | €25,094 | €15,089 | €8,168 | - | - | - | - |
| Other amounts payable178/9 | - | €26,321 | €15,075 | €5,665 | - | - | - | - |
| Amounts payable within one year42/48 | €548,579 | €483,316 | €727,779 | €698,967 | €532,211 | €697,717 | €645,961 | ▼ 7.4% |
| Current portion of amounts payable after more than one year42 | - | €72,539 | €30,332 | €38,833 | €26,793 | €13,942 | €13,178 | ▼ 5.5% |
| Financial debts43 | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Credit institutions430/8 | - | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Trade debts44 | €254,684 | €161,848 | €378,707 | €386,096 | €258,515 | €354,767 | €324,913 | ▼ 8.4% |
| Suppliers440/4 | - | €161,848 | €378,707 | €386,096 | €258,515 | €354,767 | €324,913 | ▼ 8.4% |
| Taxes, remuneration and social security45 | - | €148,929 | €207,724 | €171,633 | €141,148 | €192,966 | €207,870 | ▲ 7.7% |
| Taxes450/3 | - | €21,059 | €25,895 | €30,294 | €34,229 | €56,285 | €39,115 | ▼ 30.5% |
| Remuneration and social security454/9 | - | €127,870 | €181,829 | €141,339 | €106,919 | €136,682 | €168,755 | ▲ 23.5% |
| Other amounts payable47/48 | - | - | €11,015 | €2,405 | €5,755 | €36,042 | - | - |
| Accrued charges and deferred income492/3 | - | €547 | €200 | €1,191 | €690 | €1,206 | €7,747 | ▲ 542% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59,375 | €9,748 | €3,862 | €29,651 | €20,067 | €33,717 | €3,161 | ▼ 90.6% |
| + Depreciation and write-downs630 | €12,915 | €11,758 | €10,089 | €7,568 | €5,420 | €6,916 | €10,028 | ▲ 45.0% |
| Operating cash flow (approximation) | €72,290 | €21,506 | €13,951 | €37,219 | €25,487 | €40,634 | €13,190 | ▼ 67.5% |
| Investment in fixed assets (approximation) | - | €267,614 | -€5,511 | -€7,248 | -€5,375 | -€10,709 | -€20,327 | ▼ 89.8% |
| Change in cash | - | -€19,664 | €2,770 | €112,055 | -€78,282 | €139,190 | -€155,594 | - |
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, 4,107 companies had the same profile as EUGETEC has now. Two years later, 98.0% were still going and 1.0% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
98.0%
was still going
0.9%
stopped otherwise
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EUGETEC itself is higher: 2.1% within 12 months. It rests on far more data about EUGETEC 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 4,107 companies, not a prediction for EUGETEC. 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 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00359213 | |
| 31-12-2024 | full format | 28-07-2025 | 2025-00318769 | |
| 31-12-2023 | full format | 31-07-2024 | 2024-00328863 | |
| 31-12-2022 | full format | 11-08-2023 | 2023-00325539 | |
| 31-12-2021 | full format | 08-08-2022 | 2022-20277186 | |
| 30-09-2020 | full format | 14-04-2021 | 2021-10400194 | |
| 30-09-2019 | full format | 16-03-2020 | 2020-06800385 | |
| 30-09-2018 | full format | 18-03-2019 | 2019-07300102 | |
| 30-09-2017 | full format | 03-04-2018 | 2018-08900413 | |
| 30-09-2016 | full format | 25-04-2017 | 2017-10200308 |