GODFRIND ENGINEERING
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
8 d early
2023
8 d early
2022
39 d early
2021
31 d early
2020
6 d late
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 22 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.7m▲ 8.4%
2024 · €3.4m
Total assets
€3.8m▼ 33.4%
2024 · €5.7m
Net result
€289,060▼ 91.5%
2024 · €3.4m
Working capital
€3.7m▲ 18.5%
2024 · €3.1m
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
Operating result€24,050€14,144▼ 41.2%€34,376▲ 143%€9,588▼ 72.1%€148,421▲ 1,448%
Net result€24,310▼ 74.9%€10,334▼ 57.5%€26,604▲ 157%€3.4m▲ 12,710%€289,060▼ 91.5%
Equity€2.0m▼ 23.4%€2.0m▲ 0.5%€2.0m▲ 1.4%€3.4m▲ 71.8%€3.7m▲ 8.4%
Total assets€2.1m▼ 40.1%€2.1m▼ 0.6%€2.1m▲ 1.2%€5.7m▲ 169%€3.8m▼ 33.4%
Debt€149,087▼ 84.5%€126,860▼ 14.9%€125,612▼ 1.0%€2.3m▲ 1,710%€71,816▼ 96.8%
Working capital€152,923▲ 117%-€53,453-€80,391▼ 50.4%€3.1m€3.7m▲ 18.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1,448% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €3.8m
Equity
€3.7m ▲ 8.4%
Provisions
€5,576
Debt
€71,816 ▼ 96.8%
Debt's share of the balance-sheet total falls from 39.9% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
52.84▲
2024 · 2.38
Debt to equity
0.02▼
2024 · 0.66
ROE
7.8%▼
2024 · 99.4%
ROA
7.6%▼
2024 · 59.8%
Debt ≤ 1 year
€71,816▼
2024 · €2.3m
Income taxes
€96,558▼
2024 · €345,047
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,262 | €27,906 | €25,827 | €2,446 | - | - |
| Other operating charges640/8 | €1,474 | €1,709 | €1,054 | €1,083 | €1,137 | ▲ 5.1% |
| Gross operating margin9900 | €52,786 | €43,759 | €61,256 | €13,117 | €149,558 | ▲ 1,040% |
| Operating profit (loss)9901 | €24,050 | €14,144 | €34,376 | €9,588 | €148,421 | ▲ 1,448% |
| Financial income75/76B | €8,559 | €4,083 | €6,767 | €3.7m | €275,208 | ▼ 92.6% |
| Recurring financial income75 | €8,559 | €4,083 | €6,767 | €3.7m | €275,208 | ▼ 92.6% |
| Financial charges65/66B | €2,129 | €832 | €463 | €541 | €38,011 | ▲ 6,923% |
| Recurring financial charges65 | €2,129 | €832 | €463 | €541 | €38,011 | ▲ 6,923% |
| Profit (loss) for the period before taxes9903 | €30,480 | €17,395 | €40,679 | €3.8m | €385,618 | ▼ 89.7% |
| Income taxes67/77 | €6,170 | €7,061 | €14,076 | €345,047 | €96,558 | ▼ 72.0% |
| Profit (loss) for the period9904 | €24,310 | €10,334 | €26,604 | €3.4m | €289,060 | ▼ 91.5% |
| Profit (loss) for the period to be appropriated9905 | €24,310 | €10,334 | €26,604 | €3.4m | €289,060 | ▼ 91.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €2.1m | €5.7m | €3.8m | ▼ 33.4% |
| Fixed assets21/28 | €1.8m | €2.0m | €2.1m | €286,014 | - | - |
| Tangible fixed assets22/27 | €55,605 | €29,693 | €5,736 | €3,290 | - | - |
| Furniture and vehicles24 | €54,792 | €29,088 | €5,340 | €3,102 | - | - |
| Other tangible fixed assets26 | €813 | €605 | €397 | €188 | - | - |
| Financial fixed assets28 | €1.8m | €2.0m | €2.1m | €282,724 | - | - |
| Current assets29/58 | €263,036 | €53,022 | €43,643 | €5.4m | €3.8m | ▼ 29.9% |
| Amounts receivable within one year40/41 | €12,134 | €14,424 | €14,566 | €5.3m | €317,718 | ▼ 94.1% |
| Trade receivables40 | €12,134 | €12,501 | €14,566 | €5.3m | €147,102 | ▼ 97.2% |
| Other amounts receivable41 | - | €1,924 | - | €5,000 | €170,616 | ▲ 3,312% |
| Cash at bank and in hand54/58 | €250,902 | €38,597 | €27,586 | €73,525 | €2.9m | ▲ 3,853% |
| Deferred charges and accrued income490/1 | - | - | €1,492 | - | €570,356 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €2.1m | €5.7m | €3.8m | ▼ 33.4% |
| Equity10/15 | €2.0m | €2.0m | €2.0m | €3.4m | €3.7m | ▲ 8.4% |
| Contributions10/11 | €1.6m | €1.6m | €1.6m | €18,600 | €18,600 | = |
| Revaluation surpluses12 | €200,472 | €200,472 | €200,472 | - | - | - |
| Reserves13 | €168,430 | €178,764 | €205,368 | €3.4m | €3.4m | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €14,895 | €14,895 | - | - | - | - |
| Distributable reserves133 | €151,675 | €162,009 | €203,508 | €3.4m | €3.4m | = |
| Profit (loss) carried forward14 | - | - | - | - | €289,060 | - |
| Provisions and deferred taxes16 | - | - | - | - | €5,576 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €5,576 | - |
| Other liabilities and charges164/5 | - | - | - | - | €5,576 | - |
| Amounts payable17/49 | €149,087 | €126,860 | €125,612 | €2.3m | €71,816 | ▼ 96.8% |
| Amounts payable after more than one year17 | €38,974 | €20,385 | €1,577 | - | - | - |
| Financial debts170/4 | €38,974 | €20,385 | €1,577 | - | - | - |
| Amounts payable within one year42/48 | €110,113 | €106,474 | €124,035 | €2.3m | €71,816 | ▼ 96.8% |
| Current portion of amounts payable after more than one year42 | €18,372 | €18,589 | €20,367 | €1,577 | - | - |
| Trade debts44 | €9,092 | €3,384 | €7,783 | €6,735 | €369 | ▼ 94.5% |
| Suppliers440/4 | €9,092 | €3,384 | €7,783 | €6,735 | €369 | ▼ 94.5% |
| Taxes, remuneration and social security45 | €10,672 | €12,282 | €20,421 | €408,419 | €71,448 | ▼ 82.5% |
| Taxes450/3 | €4,545 | €10,230 | €12,806 | €408,419 | €71,448 | ▼ 82.5% |
| Remuneration and social security454/9 | €6,127 | €2,052 | €7,615 | - | - | - |
| Other amounts payable47/48 | €71,977 | €72,219 | €75,464 | €1.9m | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,310 | €10,334 | €26,604 | €3.4m | €289,060 | ▼ 91.5% |
| + Depreciation and write-downs630 | €27,262 | €27,906 | €25,827 | €2,446 | - | - |
| Operating cash flow (approximation) | €51,572 | €38,240 | €52,431 | €3.4m | €289,060 | ▼ 91.5% |
| Investment in fixed assets (approximation) | - | -€226,027 | -€60,561 | €1.8m | - | - |
| Change in cash | - | -€212,305 | -€11,011 | €45,939 | €2.8m | ▲ 6,067% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 22current ratio 52.84
Current ratio from 2.38 to 52.84; short-term debt falls from €2.3m to €71,816.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €3.4m ▲12,710%
Net result €3.4m, the highest in the series.
31-12
Financial
Liquidity times 7current ratio 2.38
Current ratio from 0.35 to 2.38.
31-12
Financial
Equity above €2mEq €3.4m ▲71.8%
7 profitable years in a row build equity to €3.4m.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €10,334 ▼57.5%
Net result drops to €10,334, the lowest in the series.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 2.39
Current ratio from 1.07 to 2.39; short-term debt falls from €959,864 to €110,113.
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
Show earlier events
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 125 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
10.52%
According to the 2023 annual accounts of GODFRIND ENGINEERING and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
699400S1GBJQBRKPC632