FTH Engineering
ActiveSummary
FTH Engineering has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €300 and a net result of €32,214. Its solvency ranks better than 10% of 11,723 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121
1 site
Size
€72,675turnover 2025
- Equity
- €300
- Profit
- €32,214
Why 90raises riskEquity €300 (0.6% of total assets)lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 0.97, cash €36,900Size: turnover €72,675, total assets €49,720Show the evidence
Checked score
Score 2025
90
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (NACE 71, micro)
Financial strength
Average
Solvency
26
equity 0.6% of total assets
Liquidity
50
short-term debt 99.4% · cash 74.2%
Profitability
100
return on assets 64.8%
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
04-2026: 0.5%
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026highest value
08-2026: 0.1%▼ -0.4 percentage points vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.2%▲ +0.1 percentage points vs 09-2026
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 9% on solvency, 31% on liquidity and 88% on profitability.
The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 11723 sector peers (2025).
NBB · sector comparisonPosition among 11723 sector peers
Solvency
better than 10%
← weakest
strongest →
raises risk · Young company
Founded in 2025, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 28-07-2026, 3 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
3 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: OKUTAN Fatih (director) ·…
Financials · financial year 2025, micro format
Turnover
€72,675
EBIT margin
55.8%
Net result
€32,214
Working capital
-€1,507
Balance-sheet composition
Assets €49,720
Fixed assets
€1,807
Current assets
€47,912
Equity and liabilities €49,720
Equity
€300
Debt
€49,420
Debt finances 99.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€40,589
Cash flow
€32,224
Current ratio
0.97
ROA
64.8%
Interest coverage
over 100
Debt ≤ 1 year
€49,420
Income taxes
€8,329
Equity ratios withheld: equity of €300 is too small for a meaningful ratio.
Peer companies
Historical observationOf the 320 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 96.6% are still going.
- Micro
- under 2 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
0.9%
went bankrupt
2.5%
stopped otherwise
96.6%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 320 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 | 2025 |
|---|---|
| Turnover70 | €72,675 |
| Goods, raw materials, services and sundry goods60/61 | €32,086 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10 |
| Gross operating margin9900 | €40,589 |
| Operating profit (loss)9901 | €40,579 |
| Financial charges65/66B | €36 |
| Recurring financial charges65 | €36 |
| Profit (loss) for the period before taxes9903 | €40,543 |
| Income taxes67/77 | €8,329 |
| Profit (loss) for the period9904 | €32,214 |
| Profit (loss) for the period to be appropriated9905 | €32,214 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €49,720 | |
| Fixed assets21/28 | €1,807 | |
| Tangible fixed assets22/27 | €1,807 | |
| Plant, machinery and equipment23 | €1,807 | |
| Current assets29/58 | €47,912 | |
| Amounts receivable within one year40/41 | €11,012 | |
| Trade receivables40 | €9,035 | |
| Other amounts receivable41 | €1,977 | |
| Cash at bank and in hand54/58 | €36,900 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €49,720 | |
| Equity10/15 | €300 | |
| Contributions10/11 | €300 | |
| Amounts payable17/49 | €49,420 | |
| Amounts payable within one year42/48 | €49,420 | |
| Trade debts44 | €3,281 | |
| Suppliers440/4 | €3,281 | |
| Taxes, remuneration and social security45 | €13,887 | |
| Taxes450/3 | €13,887 | |
| Other amounts payable47/48 | €32,252 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €32,214 |
| + Depreciation and write-downs630 | €10 |
| Operating cash flow (approximation) | €32,224 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 28-07-2026 | 2026-00340366 |
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Of the 11,527 active companies whose main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121), figures are known for 6,755. 241 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, no change since 2025
OKUTAN Fatih
CurrentDirector (not named in the articles) · since 26-03-2025
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Mandate history
1 person since 2025, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| OKUTAN Fatih |
|
Owners and capital
Capital and shareholders
Shareholders according to the deeds
At incorporation
act of 26-03-2025 ↗
- OKUTAN Fatih 300 shares (100%) · €300 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 26-03-2025 Incorporation · €300 · 300 shares
Group and network
Connections & network
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History
Acts, filings and financial milestones
2026
28-07
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
26-03
Gazette deed
IncorporationAppointment: OKUTAN Fatih (director) · Founder · Bank account11 facts ▸
Gazette deed
Incorporation
Appointment: OKUTAN Fatih (director) · Founder · Bank account11 facts ▸
- Incorporation, “FTH Engineering” (deed in Dutch)
- Founder, OKUTAN Fatih
- Other provision, 07-03-2025
- Bank account, “BNP Paribas Fortis NV, bijzondere rekening op naam van besloten vennootschap in oprichting” (deed in Dutch)
- Other provision, “deponering en bankattest, Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Other provision, “letterlijk uittreksel, vaststelling statuten” (deed in Dutch)
- Capital
- Registered office clause, “3600 Genk, Spoorwegstraat 51, vanaf neerlegging ter griffie Ondernemingsrechtbank van uitgifte oprichtingsakte” (deed in Dutch)
- Board rule, 1, “vanaf neerlegging ter griffie Ondernemingsrechtbank van uitgifte oprichtingsakte” (deed in Dutch)
- Director appointment, OKUTAN Fatih (director (not named in the articles))
- Founding capital, €300
Gazette deedNBB filing
1 of 1 deed read
Register details
Identification
Legal formPrivate limited company
Founded24-03-2025
Financial year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:1021382086
Also
9925:BE1021382086
Registered
15-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2025
Ground area
371 m²
Building footprint
100 m²
Building volume
681 m³
Parcel 71307H0034/00V211, Flanders · tallest building 9.6 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
FTH Engineering
since 2025unit no. 2.372.030.971
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71307H0034/00V211 | Flanders | 371 m² | 1 · 100 m² | 9.6 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Engineering & technische diensten; Engineering- en consultancyactiviteiten, inclusief ontwerp, technische assistentie en…” (deed in Dutch)
45 activities (deed in Dutch)
- Engineering & technische diensten
- Engineering- en consultancyactiviteiten, inclusief ontwerp, technische assistentie en projectondersteuning
- Opmaak van ontwerpen en situatieplannen
- Sterkteberekeningen en technische analyses
- Projectleiding en coördinatie in de industriële sector
- Ontwerpen en tekenen van installaties rekening houdend met ATEX-omgevingen
- Elektriciteit & automatisering
- Elektrisch ontwerp van E&I-schema's
- Studie, ontwerp, installatie, onderhoud en herstelling van elektrische en elektrotechnische installaties
- Ontwikkeling, bouw en bekabeling van elektrische borden, zowel industrieel als modulair
- Het adviseren en ondersteunen inzake deze elektrische borden
- Uitvoeren van elektrotechnische werkzaamheden op verplaatsing
- Kabelberekeningen en vermogensberekeningen voor elektrische installaties
- Programmatie en implementatie van soft- en hardware voor automatisering en regeltechniek
- Onderzoek en ontwikkeling van elektrische en elektronische toepassingen
- Testen, keuring en inbedrijfstelling van technische installaties en procesunits
- Installatie en onderhoud van domotica- en immotica-systemen
- Ontwikkeling en installatie van laadpalen en zonnepanelen
- IT & softwareontwikkeling
- Ontwerpen en programmeren van softwaretoepassingen
- Advies en ondersteuning bij hardware- en softwareconfiguratie
- Computerconsultancy en analyse van IT-behoeften
- Ontwikkeling en integratie van IoT-oplossingen
- Cybersecurity en netwerkbeveiliging voor industriële toepassingen
- Onderzoek & ontwikkeling
- Ontwikkeling en commercialisering van nieuwe technologieën en producten
- Ontwikkeling, integratie en onderhoud van robotica en mechatronische systemen voor industriële toepassingen
- Onderzoek en implementatie van offshore-technologieën
- Management & consultancy
- Algemene management- en consultancyactiviteiten
- Coördinatie en ondersteuning van onderaannemingen in technische sectoren
- Expertise en advies inzake technische installaties
- Opleidingen en trainingen, inclusief cursussen over EPLAN en andere technische software
- Handel & distributie
- Distributie en verkoop van technische componenten en systemen
- Levering van industriële apparatuur en elektronica
- Aanvullende activiteiten
- Verhuren en ter beschikking stellen van burelen en opslagruimten
- Oprichten van exploitatiezetels, administratieve zetels, filialen en agentschappen in binnen- en buitenland
- Ingenieursactiviteiten (d.w.z. het toepassen van de fysische wetmatigheden en de technische principes bij het ontwerpen van machines, materialen, instrumenten, structuren, ontwikkelingen en systemen) en het geven van advies op het vlak van volgende domeinen:
- Machines en industriële ontwikkeling
- De uitwerking van projecten op het gebied van de burgerlijke en utiliteitsbouw, de weg- en waterbouw, de hydraulica en het verkeer
- De uitwerking van projecten op het gebied van waterbeheer
- De uitwerking van projecten op het gebied van elektriciteit en elektronica, mijnbouw, chemie, machine- en werktuigbouw, industriële organisatie en systeemontwikkeling, veiligheid, enz.
- De uitwerking van projecten op het gebied van klimaatbeheersing, koeltechniek, sanering, gezondheid en milieu, akoestiek, enz.
- Name clauseThe name the company operates under according to its articles.
- FTH Engineering
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, bestuursorgaan” (deed in Dutch)“Vaste vertegenwoordiger rechtspersoon-bestuurder, burgerrechtelijk aansprakelijk en strafrechtelijk verantwoordelijk alsof in eigen naam en…” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, alle aandelen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering duidt een of meerdere vereffenaars aan,bepaalt bevoegdheden en vergoeding, bestuurder(s) in functie krachtens statuten…” (deed in Dutch)