Equity
Equity fell by 48% in 5 years.
Equity fell by 48% in 5 years.
The micro format states no turnover.
Green is investment, beige is depreciation.
Short-term debts fell from €79,326 to €60,769.
The last five annual accounts were filed 34 to 101 days before the end of the period.
Higher net result than 82% of companies in architecture and engineering. Sector median €16,709 · 11,795 companies.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 53% of them on solvency, 18% on liquidity, 88% on profitability and 78% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 26,972 companies had the same profile as EXACT ENGINEERING has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EXACT ENGINEERING itself is lower: 0.1% within 12 months. It rests on far more data about EXACT ENGINEERING than the profile alone.
The method was tested on the 497,447 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 26,972 companies, not a prediction for EXACT 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.
Liquidity is insufficient, with a current ratio of 0.97 (1.45 in 2024), below 1. Short-term debt is 43.7% and cash 7.6% of total assets. 44.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 60 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| EXACT ENGINEERING Hasselt | €138,932 | €91,653 | 55.3% | - |
| LEngCo As | €152,449 | €104,438 | 72.0% | - |
| SCENERGY Heusden-Zolder | €128,463 | €99,268 | 16.3% | - |
| Botecco Hasselt | €169,887 | €98,125 | 51.3% | - |
| DEOS Beveren-Kruibeke-Zwijndrecht | €132,497 | €92,368 | 20.1% | - |
| H. Van Cleef Projects Antwerp | €122,640 | €92,811 | 16.7% | - |
| Substation Consulting Schilde | €134,307 | €84,729 | 47.3% | - |
These companies have the same main activity as EXACT ENGINEERING: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €123,000 and €170,000, founded between 2017 and 2019.
EXACT ENGINEERING files the micro format. That format states no turnover. The gross margin rose from €53,740 in 2018 to €91,653 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €150,000 and €270,000.
Higher than 51% of 11,794 companies in 2025.
Higher than 19% of 11,521 companies in 2025.
Higher than 87% of 11,605 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
138,932 | 135,441 | 399,522 | 401,064 | 247,362 | 190,905 | 110,964 | 57,907 | |
21/28 |
80,198 | 20,310 | 22,683 | 29,298 | 36,175 | 32,109 | 30,937 | 25,332 | |
21 |
501 | 1,908 | 3,316 | 4,723 | 6,130 | - | - | - | |
22/27 |
79,696 | 18,402 | 19,368 | 24,576 | 30,045 | 32,109 | 30,937 | 25,332 | |
23 |
1,899 | - | - | - | - | - | - | - | |
24 |
34,770 | 3,056 | 3,275 | 5,955 | 8,635 | 7,491 | 3,884 | 3,079 | |
26 |
43,028 | 15,346 | 16,092 | 18,621 | 21,411 | 24,618 | 27,054 | 22,252 | |
29/58 |
58,735 | 115,131 | 376,838 | 371,765 | 211,187 | 158,796 | 80,026 | 32,576 | |
29 |
- | - | - | 0 | 102,000 | 17,000 | 17,000 | - | |
291 |
- | - | - | 0 | 102,000 | 17,000 | 17,000 | - | |
3 |
- | - | 0 | 302,851 | - | - | - | - | |
30/36 |
- | - | 0 | 302,851 | - | - | - | - | |
40/41 |
45,136 | 64,085 | 41,095 | 18,329 | 31,473 | 19,267 | 14,305 | 423 | |
40 |
45,136 | 64,085 | 41,095 | 17,600 | 31,473 | 13,132 | 14,305 | 423 | |
41 |
- | - | 0 | 729 | - | 6,136 | - | - | |
54/58 |
10,552 | 46,935 | 333,215 | 47,574 | 75,701 | 121,019 | 47,211 | 31,212 | |
490/1 |
3,047 | 4,111 | 2,528 | 3,012 | 2,013 | 1,509 | 1,511 | 941 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
138,932 | 135,441 | 399,522 | 401,064 | 247,362 | 190,905 | 110,964 | 57,907 | |
10/15 |
76,896 | 54,849 | 44,055 | 74,780 | 33,319 | 147,319 | 81,649 | 34,963 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,600 | 12,600 | 12,600 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 6,000 | 6,000 | |
13 |
58,296 | 36,249 | 25,455 | 56,180 | 14,719 | 134,719 | 69,049 | 22,363 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 1,860 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | |
133 |
58,296 | 36,249 | 25,455 | 54,320 | 12,859 | 132,859 | 67,189 | 20,503 | |
14 |
0 | 0 | 0 | 0 | - | - | - | - | |
17/49 |
62,036 | 80,591 | 355,467 | 326,284 | 214,043 | 43,586 | 29,315 | 22,945 | |
17 |
- | 0 | 300,000 | 300,000 | - | - | - | - | |
170/4 |
- | 0 | 300,000 | 300,000 | - | - | - | - | |
42/48 |
60,769 | 79,326 | 53,128 | 24,089 | 212,789 | 42,331 | 28,061 | 21,691 | |
44 |
1,586 | 2,768 | 7,007 | 680 | 2,640 | 3,319 | 287 | 646 | |
440/4 |
1,586 | 2,768 | 7,007 | 680 | 2,640 | 3,319 | 287 | 646 | |
45 |
25,337 | 35,570 | 12,003 | 12,554 | 56,112 | 39,013 | 26,438 | 10,659 | |
450/3 |
25,337 | 35,570 | 12,003 | 12,554 | 56,112 | 39,013 | 26,438 | 10,659 | |
47/48 |
33,846 | 40,987 | 34,118 | 10,855 | 154,036 | - | 1,335 | 10,385 | |
492/3 |
1,267 | 1,266 | 2,338 | 2,195 | 1,255 | 1,255 | 1,254 | 1,254 | |
| Income statement | |||||||||
76A |
413 | - | - | - | - | - | - | - | |
9900 |
91,653 | 92,552 | 85,672 | 62,972 | 83,715 | 87,274 | 69,294 | 53,740 | |
630 |
16,707 | 6,006 | 6,615 | 6,877 | 6,793 | 4,741 | 8,273 | 11,522 | |
640/8 |
1,221 | 1,362 | 1,470 | 984 | 965 | 1,016 | 1,039 | 1,648 | |
66A |
0 | 7,279 | - | - | - | - | - | - | |
9901 |
73,726 | 77,905 | 77,587 | 55,111 | 75,957 | 81,517 | 59,982 | 40,570 | |
75/76B |
0 | 4 | 12 | 4 | 0 | 44 | 16 | 2 | |
75 |
0 | 4 | 12 | 4 | 0 | 44 | 16 | 2 | |
65/66B |
288 | 575 | 3,655 | 1,380 | 120 | 29 | 96 | 20 | |
65 |
288 | 575 | 3,655 | 1,380 | 120 | 29 | 96 | 20 | |
9903 |
73,437 | 77,335 | 73,944 | 53,735 | 75,837 | 81,533 | 59,902 | 40,551 | |
67/77 |
15,390 | 21,541 | 14,549 | 12,274 | 15,524 | 15,863 | 12,404 | 7,639 | |
9904 |
58,047 | 55,794 | 59,395 | 41,461 | 60,313 | 65,670 | 47,498 | 32,913 | |
9905 |
58,047 | 55,794 | 59,395 | 41,461 | 60,313 | 65,670 | 47,498 | 32,913 | |
| Appropriation of the result | |||||||||
9906 |
58,047 | 55,794 | 59,395 | 41,461 | 60,313 | 65,670 | 47,498 | 32,913 | |
791/2 |
36,000 | 0 | 54,320 | 0 | 120,000 | - | - | - | |
691/2 |
58,047 | 10,794 | 23,595 | 41,461 | - | 65,670 | 46,686 | 22,363 | |
6920 |
- | - | - | - | - | - | - | 1,860 | |
6921 |
58,047 | 10,794 | 23,595 | 41,461 | - | 65,670 | 46,686 | 20,503 | |
694/7 |
36,000 | 45,000 | 90,120 | 0 | 180,313 | - | 812 | 10,550 | |
694 |
36,000 | 45,000 | 79,320 | 0 | 180,313 | - | 812 | 800 | |
695 |
- | 0 | 10,800 | - | - | - | - | 9,750 | |
| Document | |||||||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 21-05-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 21-05-2026 | 2026-00116565 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00190198 | |
| 31-12-2023 | micro format | 25-04-2024 | 2024-00068535 | |
| 31-12-2022 | micro format | 19-06-2023 | 2023-00135746 | |
| 31-12-2021 | micro format | 21-04-2022 | 2022-20005713 | |
| 31-12-2020 | micro format | 21-06-2021 | 2021-21900463 | |
| 31-12-2019 | micro format | 23-06-2020 | 2020-20600209 | |
| 31-12-2018 | micro format | 24-06-2019 | 2019-22400571 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| 90,432 | 83,911 | 84,202 | 61,988 | 82,750 | 86,258 | 68,255 | 52,091 | ||
| 74,754 | 61,800 | 66,010 | 48,338 | 67,106 | 70,411 | 55,771 | 44,434 | ||
| 76,594 | 3,633 | 0 | 0 | 10,859 | 5,913 | 13,879 | 34,618 | ||
| -36,383 | -286,280 | 285,641 | -28,127 | -45,318 | 73,808 | 15,998 | - | ||
| -2,034 | 35,805 | 323,710 | 347,676 | -1,602 | 116,464 | 51,965 | 10,885 | ||
| 55.3% | 40.5% | 11.0% | 18.6% | 13.5% | 77.2% | 73.6% | 60.4% | ||
| 0.97 | 1.45 | 7.09 | 15.43 | 0.99 | 3.75 | 2.85 | 1.50 | ||
| 0.97 | 1.45 | 7.09 | 2.86 | 0.99 | 3.75 | 2.85 | 1.50 | ||
| 0.81 | 1.47 | 8.07 | 4.36 | 6.42 | 0.30 | 0.36 | 0.66 | ||
| 75.5% | 101.7% | 134.8% | 55.4% | 181.0% | 44.6% | 58.2% | 94.1% | ||
| 41.8% | 41.2% | 14.9% | 10.3% | 24.4% | 34.4% | 42.8% | 56.8% | ||
| over 100 | over 100 | 23.04 | 44.93 | over 100 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €76,594 | €3,633 | - | - | €3,823 |
| Intangible fixed assets | - | - | - | - | €7,036 |
| €16,707 | €6,006 | €6,615 | €6,877 | €6,793 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 5% lower than in 2024 and the lowest since 2022.
Debt's share of the balance-sheet total falls from 59.5% to 44.7%. Equity is higher and debt is lower.
EXACT ENGINEERING has no parent and no holdings in its annual accounts. GROCHOWCZAK Joachim is the only director. EXACT ENGINEERING shares no director with another company.
| Charlotte Minnaert Architectuur
registered office since 27-11-2019 · founded in 2019 |
total assets €52,297 (2025) 0738.495.444 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Smedenlaan 19 registered office 3500 Hasselt | 09-10-2017 | 2.269.030.532 |
| 30-08-2022 | Acknowledged | Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 10-08-2022 · Notification · project 2022107325 | Hasselt |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71326F0238/00N007 | 842 m² | 1 · 129 m² | 9.5 m · 1 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0682.704.014
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