I - ENGINEERING
ActiveSummary
The annual accounts of I - ENGINEERING for fiscal year 2025 show a net loss of 83% of the equity at the start of that year. The 2025 annual accounts show equity of €6,348 and a net result of -€32,000. Equity is growing by ~4% per year across the filed fiscal years. Its solvency ranks better than 23% of 18537 sector peers (fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▼-70
Solvency26▼-4
Growth58▼-27
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.71 against 0.74 in 2024; short-term debt: 63.2% and cash: 0.2% of total assets), and 99.3% 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+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
0.7%
Return on assets
-3.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 18537 sector peers (2025).
NBB · sector comparisonPosition among 18537 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-08-2026, 11 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
11 d late
2024
20 d late
2023
41 d late
2022
64 d late
2021
31 d late
2020
27 d late
2019
56 d late
← 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 36 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€4,615▼ 78.2%
2024 · €21,199
EBIT margin
-680.4%▼ 698.2pp
2024 · 17.7%
Net result
-€32,000
2024 · €3,298
Working capital
-€158,855▼ 24.9%
2024 · -€127,215
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Turnover€12,050▼ 82.3%€5,641▼ 53.2%€19,120▲ 239%€21,199▲ 10.9%€4,615▼ 78.2%
Operating result€1,336▼ 97.6%-€7,543€2,087€3,760▲ 80.2%-€31,400
Net result€1,049within the sector's middle half▼ 98.1%-€7,892below the sector's middle half€1,669within the sector's middle half€3,298within the sector's middle half▲ 97.6%-€32,000below the sector's middle half
EBIT margin11.1%▼ 70.1pp-133.7%▼ 144.8pp10.9%▲ 144.6pp17.7%▲ 6.8pp-680.4%▼ 698.2pp
Equity€41,273within the sector's middle half▲ 2.6%€33,381within the sector's middle half▼ 19.1%€35,050within the sector's middle half▲ 5.0%€38,348within the sector's middle half▲ 9.4%€6,348within the sector's middle half▼ 83.4%
Total assets€798,960above the sector's middle half▲ 13.3%€823,363above the sector's middle half▲ 3.1%€826,173above the sector's middle half▲ 0.3%€838,506above the sector's middle half▲ 1.5%€858,966above the sector's middle half▲ 2.4%
Debt€757,687▲ 14.0%€789,982▲ 4.3%€791,123▲ 0.1%€800,158▲ 1.1%€852,618▲ 6.6%
Working capital-€126,012▼ 41.7%-€133,223▼ 5.7%-€130,873▲ 1.8%-€127,215▲ 2.8%-€158,855▼ 24.9%
Solvency5.2%below the sector's middle half▼ 0.5pp4.1%below the sector's middle half▼ 1.1pp4.2%within the sector's middle half▲ 0.2pp4.6%within the sector's middle half▲ 0.3pp0.7%below the sector's middle half▼ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €31,400 after €3,760 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €858,966
Fixed assets
€475,342 ▼ 0.1%
Current assets
€383,624 ▲ 5.7%
Equity and liabilities €858,966
Equity
€6,348 ▼ 83.4%
Debt
€852,618 ▲ 6.6%
Debt's share of the balance-sheet total rises from 95.4% to 99.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€31,040▼
2024 · €4,120
Cash flow
-€31,640▼
2024 · €3,658
Current ratio
0.71▼
2024 · 0.74
ROE
-504.1%▼
2024 · 8.6%
ROA
-3.7%▼
2024 · 0.4%
Interest coverage
-67.91▼
2024 · 12.83
Debt ≤ 1 year
€542,479▲
2024 · €490,019
Debt > 1 year
€310,139=
2024 · €310,139
Income taxes
€143▼
2024 · €144
A ratio outside any meaningful range has been withheld (balance sheet total €858,966, equity €6,348).
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €12,050 | €5,641 | €19,120 | €21,199 | €4,615 | ▼ 78.2% |
| Goods, raw materials, services and sundry goods60/61 | €12,668 | €15,243 | €20,844 | €18,819 | €38,214 | ▲ 103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €681 | €681 | €681 | €360 | €360 | = |
| Other operating charges640/8 | €900 | €342 | €625 | €1,636 | €817 | ▼ 50.1% |
| Gross operating margin9900 | €2,917 | -€6,520 | €3,393 | €5,757 | -€30,223 | ▼ 625% |
| Operating profit (loss)9901 | €1,336 | -€7,543 | €2,087 | €3,760 | -€31,400 | ▼ 935% |
| Financial income75/76B | - | €4 | - | €3 | - | - |
| Recurring financial income75 | - | €4 | - | €3 | - | - |
| Financial charges65/66B | €225 | €248 | €280 | €321 | €457 | ▲ 42.3% |
| Recurring financial charges65 | €225 | €248 | €280 | €321 | €457 | ▲ 42.3% |
| Profit (loss) for the period before taxes9903 | €1,111 | -€7,788 | €1,807 | €3,442 | -€31,857 | ▼ 1,026% |
| Income taxes67/77 | €62 | €105 | €138 | €144 | €143 | ▼ 0.2% |
| Profit (loss) for the period9904 | €1,049 | -€7,892 | €1,669 | €3,298 | -€32,000 | ▼ 1,070% |
| Profit (loss) for the period to be appropriated9905 | €1,049 | -€7,892 | €1,669 | €3,298 | -€32,000 | ▼ 1,070% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €798,960 | €823,363 | €826,173 | €838,506 | €858,966 | ▲ 2.4% |
| Fixed assets21/28 | €477,424 | €476,743 | €476,062 | €475,702 | €475,342 | ▼ 0.1% |
| Tangible fixed assets22/27 | €2,082 | €1,401 | €720 | €360 | - | - |
| Plant, machinery and equipment23 | €207 | €103 | - | - | - | - |
| Furniture and vehicles24 | €1,876 | €1,298 | €720 | €360 | - | - |
| Financial fixed assets28 | €475,342 | €475,342 | €475,342 | €475,342 | €475,342 | = |
| Current assets29/58 | €321,536 | €346,620 | €350,111 | €362,804 | €383,624 | ▲ 5.7% |
| Amounts receivable within one year40/41 | €321,110 | €345,485 | €348,838 | €362,446 | €382,047 | ▲ 5.4% |
| Trade receivables40 | €85,018 | €77,394 | €85,681 | €87,971 | €76,728 | ▼ 12.8% |
| Other amounts receivable41 | €236,092 | €268,091 | €263,158 | €274,475 | €305,319 | ▲ 11.2% |
| Cash at bank and in hand54/58 | €426 | €1,135 | €1,272 | €358 | €1,576 | ▲ 340% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €798,960 | €823,363 | €826,173 | €838,506 | €858,966 | ▲ 2.4% |
| Equity10/15 | €41,273 | €33,381 | €35,050 | €38,348 | €6,348 | ▼ 83.4% |
| Contributions10/11 | €435,071 | €435,071 | €435,071 | €435,071 | €435,071 | = |
| Capital10 | €435,071 | €435,071 | €435,071 | - | - | - |
| Issued capital100 | €435,071 | €435,071 | €435,071 | - | - | - |
| Revaluation surpluses12 | €215,000 | €215,000 | €215,000 | €215,000 | €215,000 | = |
| Profit (loss) carried forward14 | -€608,798 | -€616,690 | -€615,021 | -€611,723 | -€643,723 | ▼ 5.2% |
| Amounts payable17/49 | €757,687 | €789,982 | €791,123 | €800,158 | €852,618 | ▲ 6.6% |
| Amounts payable after more than one year17 | €310,139 | €310,139 | €310,139 | €310,139 | €310,139 | = |
| Financial debts170/4 | €310,139 | €310,139 | €310,139 | €310,139 | €310,139 | = |
| Amounts payable within one year42/48 | €447,548 | €479,843 | €480,984 | €490,019 | €542,479 | ▲ 10.7% |
| Current portion of amounts payable after more than one year42 | €14,000 | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Trade debts44 | €649 | €657 | €4,599 | €4,679 | €7,834 | ▲ 67.4% |
| Suppliers440/4 | €649 | €657 | €4,599 | €4,679 | €7,834 | ▲ 67.4% |
| Taxes, remuneration and social security45 | €5,760 | €5,848 | €5,026 | €5,363 | €4,295 | ▼ 19.9% |
| Taxes450/3 | €2,151 | €2,296 | €1,474 | €1,811 | €743 | ▼ 59.0% |
| Remuneration and social security454/9 | €3,609 | €3,552 | €3,552 | €3,552 | €3,552 | = |
| Other amounts payable47/48 | €427,138 | €459,338 | €457,359 | €465,977 | €516,350 | ▲ 10.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,049 | -€7,892 | €1,669 | €3,298 | -€32,000 | ▼ 1,070% |
| + Depreciation and write-downs630 | €681 | €681 | €681 | €360 | €360 | = |
| Operating cash flow (approximation) | €1,730 | -€7,211 | €2,350 | €3,658 | -€31,640 | ▼ 965% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €709 | €137 | -€914 | €1,218 | ▲ 233% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 11 days late
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
31-12
Financial
Back to profitnet €1,669
Net result €1,669 after one loss-making year.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €55,137
Net result €55,137 after 2 loss-making years.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
16-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 228 days late
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, Mechelen · 1 establishment unit since 2001
Ground area
3,845 m²
Building footprint
1,741 m²
Volume, LiDAR
8,264 m³
Parcel 12402A0054/00D000, Flanders · tallest building 6.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zandvoortstraat 12C, 2800 Mechelen
since 20012.090.471.150
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0054/00D000 | Flanders | 3,845 m² | 1 · 1,741 m² | 6.1 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 3,223 companies in sector 47400 we hold annual accounts for 1,808. 734 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
Founded08-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0465487459
Also
9925:BE0465487459
Registered
27-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.