Goffin Engineering
ActiveThe computed 12-month bankruptcy probability of Goffin Engineering is 2.3% (moderate). The 2025 annual accounts show equity of €25k and a net result of €12k. Equity is growing by ~60.9% per year across the filed fiscal years. Its solvency ranks better than 21% of 27787 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▲+1
Solvency44▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.48 in 2024; short-term debt: 59.5% and cash: 3.7% of total assets), and 81.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 27787 sector peers (2025).
NBB · sector comparisonPosition among 27787 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 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 · 6 filingsDeviation from the deadline
2025
26 d late
2024
7 d late
2023
28 d late
2022
28 d late
2021
37 d late
2020
24 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close23-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€25k▲ 87.7%
2024 · €13k
2020: €2k
2021: €-23k
2022: €-23k
2023: €3k
2024: €13k
2020 → 2025
Total assets
€134k▼ 20.6%
2024 · €168k
2020: €60k
2021: €55k
2022: €75k
2023: €131k
2024: €168k
2020 → 2025
Net result
€12k▼ 13.6%
2024 · €14k
2020: €-11k
2021: €-24k
2022: €-324
2023: €26k
2024: €14k
2020 → 2025
Working capital
€-62k▼ 33.9%
2024 · €-47k
2020: €-35k
2021: €-53k
2022: €-65k
2023: €-70k
2024: €-47k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-23k-€-23k▼ 1.4%€3k€13k▲ 308%€25k▲ 87.7%
Operating result€-24k-€-435▲ 98.2%€17k€21k▲ 25.3%€21k▼ 2.1%
Net result€-24k-€-324▲ 98.7%€26k€14k▼ 47.9%€12k▼ 13.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134k
Fixed assets
€116k▼ 7.0%
Current assets
€17k▼ 60.1%
Equity and liabilities €134k
Equity
€25k▲ 87.7%
Debt
€108k▼ 30.0%
The debt ratio falls from 92.0% to 81.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▲
2024 · €42k
Cash flow
€41k▲
2024 · €35k
Solvency
18.9%▲
2024 · 8.0%
Current ratio
0.22▼
2024 · 0.48
Quick ratio
0.22▼
2024 · 0.48
Debt / equity
4.30▼
2024 · 11.52
ROE
46.7%▼
2024 · 101.5%
ROA
8.8%▲
2024 · 8.1%
Interest coverage
25.25▼
2024 · 50.45
Debt
€108k▼
2024 · €155k
Debt ≤ 1 year
€79k▼
2024 · €90k
Debt > 1 year
€28k▼
2024 · €38k
Income taxes
€7k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€168k€134k▼
Fixed assets21/28€125k€116k▼
Tangible fixed assets22/27€125k€116k▼
Land and buildings22€24k€22k▼
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€98k€90k▼
Current assets29/58€43k€17k▼
Amounts receivable within one year40/41€29k€11k▼
Trade receivables40€29k€10k▼
Other amounts receivable41€839€710▼
Cash at bank and in hand54/58€9k€5k▼
Deferred charges and accrued income490/1€5k€1k▼
Equity and liabilities
Total equity and liabilities10/49€168k€134k▼
Equity10/15€13k€25k▲
Contributions10/11€12k€12k=
Reserves13€939€13k▲
Distributable reserves133€939€13k▲
Amounts payable17/49€155k€108k▼
Amounts payable after more than one year17€38k€28k▼
Financial debts170/4€38k€28k▼
Amounts payable within one year42/48€90k€79k▼
Current portion of amounts payable after more than one year42€9k€10k▲
Trade debts44€3k€9k▲
Suppliers440/4€3k€9k▲
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€2k€7k▲
Other amounts payable47/48€76k€53k▼
Accrued charges and deferred income492/3€27k€435▼
Income statement
Code20242025
Non-recurring operating income76A€2k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€30k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€44k€54k▲
Operating profit (loss)9901€21k€21k▼
Financial income75/76B€238€236▼
Recurring financial income75€238€236▼
Financial charges65/66B€6k€2k▼
Recurring financial charges65€835€2k▲
Non-recurring financial charges66B€5k-
Profit (loss) for the period before taxes9903€15k€19k▲
Income taxes67/77€2k€7k▲
Profit (loss) for the period9904€14k€12k▼
Profit (loss) for the period to be appropriated9905€14k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€4k€12k▲
Profit (loss) brought forward from the previous period14P€-9k-
Transfer to equity691/2€939€12k▲
To other reserves6921€939€12k▲
Profit to be distributed694/7€4k-
Directors or managers695€4k-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
2025
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
28-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-06
Financial
Back to profitnet €26k
Net result €26k after 3 loss-making years.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
09-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 37 days late
2021
30-06
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Orp-Jauche · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Louis Lambert(N) 201350 Orp-JaucheGround area
1,297 m²
Building footprint
112 m²
Parcel 25074C0566/00A000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Goffin Engineering
since 20192.291.463.068
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25074C0566/00A000 | Wallonia | 1,297 m² | 1 · 112 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 22,826 companies in sector 43211 we hold annual accounts for 10,328. 7,692 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-07-2019
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.