G.D. ENGINEERING
ActiveSummary
G.D. ENGINEERING has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.30M and a net result of €98k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 61% of 729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+10
Solvency78▲+4
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.35 in 2024; short-term debt: 9.3% and cash: 2.5% of total assets), and 47.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
52.6%
Return on assets
1.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €3.30M
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
23 d late
2023
19 d early
2022
24 d late
2021
39 d early
2020
31 d early
2019
36 d early
← before the deadline
after the deadline →
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
Go further with this company
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Financials · fiscal year 2025, full schema
In the rankings
#5 company by total assets in Sint-Pieters-Leeuw, Professional and technical services sector#6 company by equity in Sint-Pieters-Leeuw, Professional and technical services sector#8 oldest company in Sint-Pieters-Leeuw, Professional and technical services sector
Turnover
€39k=
2024 · €39k
EBIT margin
-46.3%▲ 223.3pp
2024 · -269.6%
Net result
€98k▼ 70.6%
2024 · €334k
Working capital
€133k▼ 26.9%
2024 · €182k
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
Turnover€99k▲ 9.4%€101k▲ 2.8%€48k▼ 52.7%€39k▼ 18.5%€39k=
Operating result€-937k€427k€27k▼ 93.7%€-105k€-18k▲ 82.8%
Net result€-987k▼ 90.2%€376k€-109k€334k€98k▼ 70.6%
EBIT margin-951.0%▼ 2394.5pp422.1%▲ 1373.1pp55.9%▼ 366.2pp-269.6%▼ 325.5pp-46.3%▲ 223.3pp
Equity€2.60M▲ 0.5%€2.97M▲ 14.5%€2.86M▼ 3.7%€3.20M▲ 11.7%€3.30M▲ 3.1%
Total assets€7.43M▲ 1.0%€6.95M▼ 6.5%€6.67M▼ 4.0%€6.48M▼ 2.9%€6.26M▼ 3.3%
Debt€4.50M▲ 1.3%€3.64M▼ 19.1%€3.47M▼ 4.7%€3.28M▼ 5.5%€2.97M▼ 9.5%
Working capital€517k▼ 67.0%€32k▼ 93.9%€928k▲ 2,843%€182k▼ 80.3%€133k▼ 26.9%
Staff (FTE)1▲ 25.0%0.9▼ 10.0%0.8▼ 11.1%0▼ 100%0
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €18k in 2025 against €105k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.26M
Fixed assets
€5.55M ▼ 3.8%
Current assets
€717k ▲ 1.1%
Equity and liabilities €6.26M
Equity
€3.30M ▲ 3.1%
Debt
€2.97M ▼ 9.5%
Debt's share of the balance-sheet total falls from 50.6% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€201k▲
2024 · €114k
Cash flow
€318k▼
2024 · €554k
Current ratio
1.23▼
2024 · 1.35
Debt to equity
0.90▼
2024 · 1.03
ROE
3.0%▼
2024 · 10.5%
ROA
1.6%▼
2024 · 5.2%
Interest coverage
4.90▲
2024 · 2.52
Debt ≤ 1 year
€584k▲
2024 · €527k
Debt > 1 year
€1.49M▼
2024 · €1.72M
Income taxes
€-6k▼
2024 · €116k
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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €343k | €894k | €466k | €469k | €457k | ▼ 2.6% |
| Turnover70 | €99k | €101k | €48k | €39k | €39k | = |
| Other operating income74 | €92k | €654k | €280k | €292k | €280k | ▼ 4.1% |
| Non-recurring operating income76A | €153k | €138k | €138k | €138k | €138k | = |
| Operating charges60/66A | €1.28M | €466k | €439k | €574k | €475k | ▼ 17.3% |
| Services and other goods61 | €971k | €170k | €170k | €318k | €227k | ▼ 28.7% |
| Remuneration, social security and pensions62 | €37k | €43k | €16k | €7k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €247k | €228k | €226k | €219k | €219k | = |
| Other operating charges640/8 | €25k | €25k | €28k | €28k | €29k | ▲ 2.3% |
| Non-recurring operating charges66A | - | - | - | €1k | - | - |
| Operating profit (loss)9901 | €-937k | €427k | €27k | €-105k | €-18k | ▲ 82.8% |
| Financial income75/76B | €10k | €4k | €89k | €284k | €153k | ▼ 46.1% |
| Recurring financial income75 | €10k | €4k | €26k | €284k | €153k | ▼ 46.1% |
| Income from financial fixed assets750 | - | - | - | €248k | €114k | ▼ 54.0% |
| Income from current assets751 | €10k | €4k | €25k | €36k | €39k | ▲ 8.9% |
| Other financial income752/9 | €100 | €113 | €314 | €12 | - | - |
| Non-recurring financial income76B | - | - | €64k | - | - | - |
| Financial charges65/66B | €60k | €56k | €225k | €68k | €43k | ▼ 36.6% |
| Recurring financial charges65 | €60k | €56k | €47k | €68k | €43k | ▼ 36.6% |
| Debt charges650 | €59k | €52k | €46k | €45k | €41k | ▼ 9.4% |
| Other financial charges652/9 | €791 | €3k | €1k | €22k | €2k | ▼ 92.2% |
| Non-recurring financial charges66B | - | - | €178k | - | - | - |
| Profit (loss) for the period before taxes9903 | €-987k | €376k | €-109k | €111k | €92k | ▼ 17.0% |
| Transfer from deferred taxes780 | - | - | - | €339k | - | - |
| Income taxes67/77 | - | - | €309 | €116k | €-6k | ▼ 105% |
| Taxes670/3 | - | - | €309 | €116k | - | - |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €6k | - |
| Profit (loss) for the period9904 | €-987k | €376k | €-109k | €334k | €98k | ▼ 70.6% |
| Transfer from tax-exempt reserves789 | - | - | - | €1.02M | - | - |
| Profit (loss) for the period to be appropriated9905 | €-987k | €376k | €-109k | €1.35M | €98k | ▼ 92.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €7.43M | €6.95M | €6.67M | €6.48M | €6.26M | ▼ 3.3% |
| Formation expenses20 | €11k | €0 | €0 | - | - | - |
| Fixed assets21/28 | €6.11M | €6.63M | €5.39M | €5.77M | €5.55M | ▼ 3.8% |
| Tangible fixed assets22/27 | €3.24M | €3.03M | €2.93M | €2.71M | €2.49M | ▼ 8.1% |
| Land and buildings22 | €2k | €0 | €0 | - | - | - |
| Furniture and vehicles24 | €2k | €4k | €2k | - | - | - |
| Leasing and similar rights25 | €3.24M | €3.03M | €2.93M | €2.71M | €2.49M | ▼ 8.1% |
| Financial fixed assets28 | €2.87M | €3.60M | €2.46M | €3.06M | €3.06M | = |
| Affiliated companies280/1 | €2.69M | €3.44M | €2.46M | €3.06M | €3.06M | = |
| Participating interests280 | €2.69M | €2.69M | €2.46M | €2.46M | €2.46M | = |
| Amounts receivable281 | €0 | €750k | €0 | €600k | €600k | = |
| Other financial fixed assets284/8 | €180k | €162k | €0 | - | - | - |
| Amounts receivable and cash guarantees285/8 | €180k | €162k | €0 | - | - | - |
| Current assets29/58 | €1.31M | €320k | €1.28M | €709k | €717k | ▲ 1.1% |
| Amounts receivable after more than one year29 | - | - | €144k | €108k | €90k | ▼ 16.7% |
| Other amounts receivable291 | - | - | €144k | €108k | €90k | ▼ 16.7% |
| Amounts receivable within one year40/41 | €980k | €190k | €223k | €519k | €468k | ▼ 9.9% |
| Trade receivables40 | €9k | €10k | €0 | €30k | - | - |
| Other amounts receivable41 | €971k | €181k | €223k | €489k | €468k | ▼ 4.3% |
| Cash at bank and in hand54/58 | €330k | €129k | €916k | €82k | €159k | ▲ 94.3% |
| Deferred charges and accrued income490/1 | - | €960 | €921 | €436 | €372 | ▼ 14.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €7.43M | €6.95M | €6.67M | €6.48M | €6.26M | ▼ 3.3% |
| Equity10/15 | €2.60M | €2.97M | €2.86M | €3.20M | €3.30M | ▲ 3.1% |
| Contributions10/11 | €2.95M | €2.95M | €2.95M | €2.95M | €2.95M | = |
| Capital10 | €2.95M | €2.95M | €2.95M | €2.95M | €2.95M | = |
| Issued capital100 | €2.95M | €2.95M | €2.95M | €2.95M | €2.95M | = |
| Revaluation surpluses12 | €1.00M | €1.00M | €1.00M | €1.00M | €1.00M | = |
| Reserves13 | €1.17M | €1.17M | €1.17M | €151k | €151k | = |
| Non-distributable reserves130/1 | €144k | €144k | €144k | €144k | €144k | = |
| Legal reserve130 | €144k | €144k | €144k | €144k | €144k | = |
| Tax-exempt reserves132 | €1.03M | €1.03M | €1.03M | €8k | €8k | = |
| Profit (loss) carried forward14 | €-2.52M | €-2.15M | €-2.26M | €-904k | €-806k | ▲ 10.9% |
| Provisions and deferred taxes16 | €339k | €339k | €339k | €0 | - | - |
| Deferred taxes168 | €339k | €339k | €339k | €0 | - | - |
| Amounts payable17/49 | €4.50M | €3.64M | €3.47M | €3.28M | €2.97M | ▼ 9.5% |
| Amounts payable after more than one year17 | €2.25M | €2.04M | €1.94M | €1.72M | €1.49M | ▼ 13.3% |
| Financial debts170/4 | €2.25M | €2.04M | €1.94M | €1.72M | €1.49M | ▼ 13.3% |
| Leasing and similar obligations172 | €2.24M | €2.04M | €1.94M | €1.72M | €1.49M | ▼ 13.3% |
| Credit institutions173 | €12k | - | - | - | - | - |
| Amounts payable within one year42/48 | €793k | €289k | €355k | €527k | €584k | ▲ 10.8% |
| Current portion of amounts payable after more than one year42 | €246k | €216k | €219k | €224k | €229k | ▲ 2.2% |
| Financial debts43 | - | €7k | - | - | €75k | - |
| Credit institutions430/8 | - | €7k | - | - | €75k | - |
| Trade debts44 | €405k | €24k | €11k | €166k | €43k | ▼ 74.2% |
| Suppliers440/4 | €405k | €24k | €11k | €166k | €43k | ▼ 74.2% |
| Taxes, remuneration and social security45 | €40k | €42k | €3k | €137k | €131k | ▼ 4.6% |
| Taxes450/3 | €31k | €31k | €516 | €137k | €131k | ▼ 4.6% |
| Remuneration and social security454/9 | €9k | €11k | €2k | - | - | - |
| Other amounts payable47/48 | €102k | - | €123k | - | €106k | - |
| Accrued charges and deferred income492/3 | €1.45M | €1.31M | €1.17M | €1.04M | €899k | ▼ 13.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-987k | €376k | €-109k | €334k | €98k | ▼ 70.6% |
| + Depreciation and write-downs630 | €247k | €228k | €226k | €219k | €219k | = |
| Operating cash flow (approximation) | €-739k | €604k | €117k | €554k | €318k | ▼ 42.6% |
| Investment in fixed assets (approximation) | - | €-747k | €1.02M | €-598k | €0 | ▲ 100% |
| Change in cash | - | €-201k | €787k | €-834k | €77k | ▲ 109% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 23 days late
2024
31-12
Financial
Back to profitnet €334k
Net result €334k after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity triplescurrent ratio 3.61
Current ratio from 1.11 to 3.61.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial
Back to profitnet €376k
Net result €376k after 2 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-987k
Net result drops to €-987k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity triplescurrent ratio 5.47
Current ratio from 1.75 to 5.47.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-05
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 12 acts read
About the unread acts
We know of 12 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
12 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, Sint-Pieters-Leeuw · 1 establishment unit since 1988
Ground area
5,835 m²
Building footprint
2,675 m²
Volume, LiDAR
15,820 m³
Parcel 23582E0287/00C000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
G.D. ENGINEERING
since 19882.041.318.775
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23582E0287/00C000 | Flanders | 5,835 m² | 1 · 2,675 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,563. 1,727 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
Contact
E-mail
kdw@icarusinvest.be
Phone
051740059
Scores and ratios are computed by Checked and are not a credit decision.