GROUP D. ENGINEERING
ActiveSummary
GROUP D. ENGINEERING has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €187,587 and a net result of €19,351. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72=
Solvency48▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.27 in 2024; short-term debt: 76.4% and cash: 10.3% of total assets), and 77.3% of the assets are financed with debt.
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Signals
Four 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 · 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
22.7%
Return on assets
2.3%
Age of the figures
12 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 11-03-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
29 d early
2023
1 d early
2022
40 d early
2021
51 d early
2020
51 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 39 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€187,587▲ 11.5%
2024 · €168,236
Total assets
€827,429▲ 16.9%
2024 · €707,736
Net result
€19,351▲ 23.9%
2024 · €15,621
Working capital
€179,531▲ 24.8%
2024 · €143,839
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€26,859▲ 43.6%€38,474▲ 43.2%€27,589▼ 28.3%€17,568▼ 36.3%€22,447▲ 27.8%
Net result€20,279within the sector's middle half▲ 55.1%€28,668within the sector's middle half▲ 41.4%€21,709within the sector's middle half▼ 24.3%€15,621within the sector's middle half▼ 28.0%€19,351within the sector's middle half▲ 23.9%
Equity€102,238within the sector's middle half▲ 24.7%€130,906within the sector's middle half▲ 28.0%€152,615within the sector's middle half▲ 16.6%€168,236within the sector's middle half▲ 10.2%€187,587within the sector's middle half▲ 11.5%
Total assets€720,907within the sector's middle half▲ 11.7%€714,193within the sector's middle half▼ 0.9%€541,112within the sector's middle half▼ 24.2%€707,736within the sector's middle half▲ 30.8%€827,429within the sector's middle half▲ 16.9%
Debt€618,669▲ 9.8%€583,287▼ 5.7%€388,497▼ 33.4%€539,500▲ 38.9%€639,842▲ 18.6%
Working capital€51,377within the sector's middle half▲ 133%€90,906within the sector's middle half▲ 76.9%€119,876within the sector's middle half▲ 31.9%€143,839within the sector's middle half▲ 20.0%€179,531within the sector's middle half▲ 24.8%
Solvency14.2%below the sector's middle half▲ 1.5pp18.3%below the sector's middle half▲ 4.1pp28.2%within the sector's middle half▲ 9.9pp23.8%within the sector's middle half▼ 4.4pp22.7%within the sector's middle half▼ 1.1pp
Current ratio1.08within the sector's middle half▲ 0.041.16within the sector's middle half▲ 0.071.31within the sector's middle half▲ 0.151.27within the sector's middle half▼ 0.041.28within the sector's middle half▲ 0.02
Return on assets (ROA)2.8%within the sector's middle half▲ 0.8pp4.0%within the sector's middle half▲ 1.2pp4.0%within the sector's middle half=2.2%within the sector's middle half▼ 1.8pp2.3%within the sector's middle half▲ 0.1pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €827,429
Fixed assets
€16,056 ▼ 34.2%
Current assets
€811,373 ▲ 18.7%
Equity and liabilities €827,429
Equity
€187,587 ▲ 11.5%
Debt
€639,842 ▲ 18.6%
Debt's share of the balance-sheet total rises from 76.2% to 77.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30,788▲
2024 · €25,909
Cash flow
€27,693▲
2024 · €23,962
Debt to equity
3.41▲
2024 · 3.21
ROE
10.3%▲
2024 · 9.3%
Interest coverage
107.35▼
2024 · 134.22
Debt ≤ 1 year
€631,842▲
2024 · €539,500
Income taxes
€7,250▲
2024 · €5,677
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,105 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,058 | €9,058 | €8,285 | €8,341 | €8,341 | = |
| Other operating charges640/8 | - | €873 | €3,735 | €3,541 | €950 | ▼ 73.2% |
| Gross operating margin9900 | -€336,509 | €48,404 | €39,609 | €29,450 | €31,738 | ▲ 7.8% |
| Operating profit (loss)9901 | €26,859 | €38,474 | €27,589 | €17,568 | €22,447 | ▲ 27.8% |
| Financial income75/76B | - | €1,539 | €2,157 | €3,923 | €4,441 | ▲ 13.2% |
| Recurring financial income75 | €1,077 | €1,539 | €2,157 | €3,923 | €4,441 | ▲ 13.2% |
| Financial charges65/66B | - | €909 | €151 | €193 | €287 | ▲ 48.6% |
| Recurring financial charges65 | €278 | €909 | €151 | €193 | €287 | ▲ 48.6% |
| Profit (loss) for the period before taxes9903 | €27,658 | €39,103 | €29,595 | €21,298 | €26,601 | ▲ 24.9% |
| Income taxes67/77 | €7,379 | €10,435 | €7,885 | €5,677 | €7,250 | ▲ 27.7% |
| Profit (loss) for the period9904 | €20,279 | €28,668 | €21,709 | €15,621 | €19,351 | ▲ 23.9% |
| Profit (loss) for the period to be appropriated9905 | €20,279 | €28,668 | €21,709 | €15,621 | €19,351 | ▲ 23.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €720,907 | €714,193 | €541,112 | €707,736 | €827,429 | ▲ 16.9% |
| Fixed assets21/28 | €50,860 | €40,000 | €32,739 | €24,398 | €16,056 | ▼ 34.2% |
| Intangible fixed assets21 | €48,000 | €40,000 | €32,000 | €24,000 | €16,000 | ▼ 33.3% |
| Tangible fixed assets22/27 | €1,058 | - | €739 | €398 | €56 | ▼ 85.9% |
| Furniture and vehicles24 | - | - | €739 | €398 | €56 | ▼ 85.9% |
| Financial fixed assets28 | €1,802 | - | - | - | - | - |
| Current assets29/58 | €670,047 | €674,193 | €508,373 | €683,338 | €811,373 | ▲ 18.7% |
| Amounts receivable within one year40/41 | €276,727 | €141,043 | €335,875 | €362,852 | €720,333 | ▲ 98.5% |
| Trade receivables40 | - | €77,160 | €287,026 | €263,904 | €647,615 | ▲ 145% |
| Other amounts receivable41 | - | €63,883 | €48,848 | €98,948 | €72,718 | ▼ 26.5% |
| Cash at bank and in hand54/58 | €389,341 | €527,950 | €167,178 | €314,673 | €85,469 | ▼ 72.8% |
| Deferred charges and accrued income490/1 | - | €5,200 | €5,320 | €5,813 | €5,571 | ▼ 4.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €720,907 | €714,193 | €541,112 | €707,736 | €827,429 | ▲ 16.9% |
| Equity10/15 | €102,238 | €130,906 | €152,615 | €168,236 | €187,587 | ▲ 11.5% |
| Contributions10/11 | - | €6,250 | €6,250 | €6,250 | €6,250 | = |
| Reserves13 | €70,903 | €70,903 | €70,903 | €70,903 | €90,254 | ▲ 27.3% |
| Non-distributable reserves130/1 | - | €1,875 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,875 | - | - | - | - |
| Distributable reserves133 | - | €69,028 | €70,903 | €70,903 | €90,254 | ▲ 27.3% |
| Profit (loss) carried forward14 | €25,085 | €53,753 | €75,463 | €91,084 | €91,084 | = |
| Amounts payable17/49 | €618,669 | €583,287 | €388,497 | €539,500 | €639,842 | ▲ 18.6% |
| Amounts payable within one year42/48 | €618,669 | €583,287 | €388,497 | €539,500 | €631,842 | ▲ 17.1% |
| Trade debts44 | €610,836 | €572,852 | €378,072 | €538,823 | €552,480 | ▲ 2.5% |
| Suppliers440/4 | - | €572,852 | €378,072 | €538,823 | €552,480 | ▲ 2.5% |
| Advances received on contracts in progress46 | - | - | - | - | €18,477 | - |
| Taxes, remuneration and social security45 | - | €10,435 | €10,424 | €677 | €60,885 | ▲ 8,899% |
| Taxes450/3 | - | €10,435 | €10,424 | €677 | €60,885 | ▲ 8,899% |
| Accrued charges and deferred income492/3 | - | - | - | - | €8,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,279 | €28,668 | €21,709 | €15,621 | €19,351 | ▲ 23.9% |
| + Depreciation and write-downs630 | €9,058 | €9,058 | €8,285 | €8,341 | €8,341 | = |
| Operating cash flow (approximation) | €29,337 | €37,726 | €29,995 | €23,962 | €27,693 | ▲ 15.6% |
| Investment in fixed assets (approximation) | - | €1,802 | -€1,024 | €0 | €0 | - |
| Change in cash | - | €138,610 | -€360,772 | €147,494 | -€229,204 | ▼ 255% |
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
11-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €150,000Eq €152,615 ▲16.6%
6 profitable years in a row build equity to €152,615.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €28,668 ▲41.4%
Net result €28,668, the highest in the series.
10-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Equity above €100,000Eq €102,238 ▲24.7%
4 profitable years in a row build equity to €102,238.
10-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Weakest financial yearnet €7,309 ▼73.6%
Net result drops to €7,309, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-03
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 5 acts read
About the unread acts
We know of 5 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
5 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, Torhout · 1 establishment unit since 2018
Ground area
1,392 m²
Building footprint
226 m²
Volume, LiDAR
1,816 m³
2 parcels, Flanders, Wallonia · tallest building 14.5 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TEMAS
since 20182.273.499.658
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31033I0526/00N003 | Flanders | 1,252 m² | 1 · 168 m² | 10.9 m · 2 fl. |
| 62810C0671/00D000 | Wallonia | 139 m² | 1 · 58 m² | 14.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- DEVIRCO
- GROUP D. ENGINEERING
Highest known parent: DEVIRCO. The sources do not say who stands above it.
Owners 1
- DEVIRCOparent96%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,161 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-05-2012
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846236215
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.