I - ENGINEERING
ActiveSummary
The annual accounts of I - ENGINEERING for financial 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 has been growing by about 4% per year since 2018. Its solvency ranks better than 23% of 22,773 sector peers (NACE 47, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 08-03-1999 Normal situation
- Activity
- Retail sale of information and communication equipment NACE 47400and 1 other
- Establishment unit
- 2.090.471.150 2800 Mechelen, since 20-11-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
Annual accounts 2025
- Turnover
- €4,615
- ▼ 78.2%
- Loss
- €32,000
- Equity
- €6,348
- ▼ 83.4%
- Total assets
- €858,966
- ▲ 2.4%
- 2025 accounts filed 11 days after the deadline
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 0.71, cash €1,576Last filed accounts filed 11 days late; 1 of the last 3 accounts latelowers riskSize: turnover €4,615, total assets €858,966Founded in 1999Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 14% of micro companies in retail trade (NACE 47)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency
26-4
equity 0.7% of total assets
Liquidity
17-3
short-term debt 63.2% · cash 0.2%
Profitability
9-70
return on assets -3.7%
Bankruptcy probability within 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 1.0%● unchanged vs 12-2024
02-2025: 1.1%▲ +0.1 percentage points vs 01-2025
03-2025: 1.1%● unchanged vs 02-2025
04-2025: 1.1%● unchanged vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025
06-2025: 1.0%▼ -0.1 percentage points vs 05-2025
07-2025: 1.2%▲ +0.2 percentage points vs 06-2025
08-2025: 1.6%▲ +0.4 percentage points vs 07-2025
09-2025: 1.3%▼ -0.3 percentage points vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.3%● unchanged vs 04-2026
06-2026: 1.2%▼ -0.1 percentage points vs 05-2026
07-2026: 1.1%▼ -0.1 percentage points vs 06-2026
08-2026: 1.8%▲ +0.7 percentage points vs 07-2026highest value
09-2026: 0.9%▼ -0.9 percentage points vs 08-2026lowest value
10-2026: 0.9%● unchanged vs 09-2026lowest value
11-2026: 0.9%● unchanged vs 10-2026lowest value
No publishable credit limit, so 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 is insufficient, with a current ratio of 0.71 (0.74 in 2024), below 1. Short-term debt is 63.2% and cash 0.2% of total assets. 99.3% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 20% of them on solvency, 16% on liquidity, 17% on profitability and 4% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 22773 sector peers (2025).
NBB · sector comparisonPosition among 22773 sector peers
Solvency
better than 23%
← weakest
strongest →
raises risk · 2025 accounts filed 11 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
11 days late
2024
20 days late
2023
41 days late
2022
64 days late
2021
31 days late
2020
27 days late
2019
56 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 11 days after the deadline Filed on 11 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00395104.
Annual accounts 2025 filed on 11-08-2026 at the NBB all 27 filings
Turnover
€4,615▼ 78.2%
2024 · €21,199
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€32,000
2024 · €3,298
Working capital
-€158,855▼ 24.9%
2024 · -€127,215
Multi-year overview
2018 to 2025, 8 financial yearsTurnover
€4,615
▼ 78.2%
2025
20182025
Operating result
-€31,400
2025
20182025
Net result
-€32,000
2025
lowest quarter of the sector
20182025
Equity
€6,348
▼ 83.4%
2025
middle half of the sector
20182025
Total assets
€858,966
▲ 2.4%
2025
highest quarter of the sector
20182025
Debt
€852,618
▲ 6.6%
2025
20182025
Working capital
-€158,855
▼ 24.9%
2025
lowest quarter of the sector
20182025
Solvency
0.7%
▼ 3.8pp
2025
lowest quarter of the sector
20182025
Current ratio
0.71
▼ 0.03
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-3.7%
▼ 4.1pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€6,279-€6,300▲ 0.3%€68,175▲ 982%€12,050▼ 82.3%€5,641▼ 53.2%€19,120▲ 239%€21,199▲ 10.9%€4,615▼ 78.2%
Operating result-€35,113--€17,810▲ 49.3%€55,372€1,336▼ 97.6%-€7,543€2,087€3,760▲ 80.2%-€31,400
Net result-€35,600--€18,016▲ 49.4%€55,137above the sector's middle half€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
Equity€3,103--€14,913€40,224within the sector's middle half€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€666,667-€648,430▼ 2.7%€704,915above the sector's middle half▲ 8.7%€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€663,564-€663,342=€664,691▲ 0.2%€757,687▲ 14.0%€789,982▲ 4.3%€791,123▲ 0.1%€800,158▲ 1.1%€852,618▲ 6.6%
Working capital-€135,695--€144,400▼ 6.4%-€88,942below the sector's middle half▲ 38.4%-€126,012below the sector's middle half▼ 41.7%-€133,223below the sector's middle half▼ 5.7%-€130,873below the sector's middle half▲ 1.8%-€127,215below the sector's middle half▲ 2.8%-€158,855below the sector's middle half▼ 24.9%
Solvency0.5%--2.3%▼ 2.8pp5.7%within the sector's middle half▲ 8.0pp5.2%below the sector's middle half▼ 0.5pp4.1%below the sector's middle half▼ 1.1pp4.2%below 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
Current ratio0.57-0.54▼ 0.030.72below the sector's middle half▲ 0.180.72below the sector's middle half=0.72below the sector's middle half=0.73below the sector's middle half▲ 0.010.74below the sector's middle half▲ 0.010.71below the sector's middle half▼ 0.03
Return on assets (ROA)-5.3%--2.8%▲ 2.6pp7.8%within the sector's middle half▲ 10.6pp0.1%within the sector's middle half▼ 7.7pp-1.0%within the sector's middle half▼ 1.1pp0.2%within the sector's middle half▲ 1.2pp0.4%within the sector's middle half▲ 0.2pp-3.7%below the sector's middle half▼ 4.1pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €31,400, after a profit of €3,760 in 2024. It is the lowest result since 2021.
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
ROE
-504.1%▼
2024 · 8.6%
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
Customer credit
6069 days▲
2024 · 1515 days
Supplier credit
75 days▼
2024 · 91 days
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.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,800 | - | - | - | - |
| Depreciation and write-downs of the year | €681 | €681 | €681 | €360 | €360 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €6,279 | €6,300 | €68,175 | €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 | €9,450 | €9,310 | €321 | €681 | €681 | €681 | €360 | €360 | = |
| Other operating charges640/8 | - | - | - | €900 | €342 | €625 | €1,636 | €817 | ▼ 50.1% |
| Gross operating margin9900 | -€6,791 | -€7,604 | €56,734 | €2,917 | -€6,520 | €3,393 | €5,757 | -€30,223 | - |
| Operating profit (loss)9901 | -€35,113 | -€17,810 | €55,372 | €1,336 | -€7,543 | €2,087 | €3,760 | -€31,400 | - |
| Financial income75/76B | - | - | - | - | €4 | - | €3 | - | - |
| Recurring financial income75 | €4 | €0 | - | - | €4 | - | €3 | - | - |
| Financial charges65/66B | - | - | - | €225 | €248 | €280 | €321 | €457 | ▲ 42.3% |
| Recurring financial charges65 | €449 | €179 | €214 | €225 | €248 | €280 | €321 | €457 | ▲ 42.3% |
| Profit (loss) for the period before taxes9903 | -€35,557 | -€17,989 | €55,159 | €1,111 | -€7,788 | €1,807 | €3,442 | -€31,857 | - |
| Income taxes67/77 | €43 | €27 | €22 | €62 | €105 | €138 | €144 | €143 | ▼ 0.2% |
| Profit (loss) for the period9904 | -€35,600 | -€18,016 | €55,137 | €1,049 | -€7,892 | €1,669 | €3,298 | -€32,000 | - |
| Profit (loss) for the period to be appropriated9905 | -€35,600 | -€18,016 | €55,137 | €1,049 | -€7,892 | €1,669 | €3,298 | -€32,000 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €666,667 | €648,430 | €704,915 | €798,960 | €823,363 | €826,173 | €838,506 | €858,966 | ▲ 2.4% |
| Fixed assets21/28 | €485,937 | €476,627 | €476,306 | €477,424 | €476,743 | €476,062 | €475,702 | €475,342 | ▼ 0.1% |
| Tangible fixed assets22/27 | €10,595 | €1,285 | €964 | €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 | €475,342 | €475,342 | €475,342 | = |
| Current assets29/58 | €180,730 | €171,803 | €228,609 | €321,536 | €346,620 | €350,111 | €362,804 | €383,624 | ▲ 5.7% |
| Amounts receivable within one year40/41 | €180,686 | €171,410 | €227,918 | €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 | €44 | €393 | €429 | €426 | €1,135 | €1,272 | €358 | €1,576 | ▲ 340% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €666,667 | €648,430 | €704,915 | €798,960 | €823,363 | €826,173 | €838,506 | €858,966 | ▲ 2.4% |
| Equity10/15 | €3,103 | -€14,913 | €40,224 | €41,273 | €33,381 | €35,050 | €38,348 | €6,348 | ▼ 83.4% |
| Contributions10/11 | €435,071 | €435,071 | €435,071 | €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 | -€646,967 | -€664,983 | -€609,847 | -€608,798 | -€616,690 | -€615,021 | -€611,723 | -€643,723 | ▼ 5.2% |
| Amounts payable17/49 | €663,564 | €663,342 | €664,691 | €757,687 | €789,982 | €791,123 | €800,158 | €852,618 | ▲ 6.6% |
| Amounts payable after more than one year17 | €347,139 | €347,139 | €347,139 | €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 | €316,424 | €316,203 | €317,551 | €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 | €355 | €357 | €40 | €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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,600 | -€18,016 | €55,137 | €1,049 | -€7,892 | €1,669 | €3,298 | -€32,000 | - |
| + Depreciation and write-downs630 | €9,450 | €9,310 | €321 | €681 | €681 | €681 | €360 | €360 | = |
| Operating cash flow (approximation) | -€26,150 | -€8,706 | €55,458 | €1,730 | -€7,211 | €2,350 | €3,658 | -€31,640 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,800 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €349 | €36 | -€3 | €709 | €137 | -€914 | €1,218 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 11-08-2026 | 2026-00395104 | |
| 31-12-2024 | micro format | 20-08-2025 | 2025-00389359 | |
| 31-12-2023 | micro format | 10-09-2024 | 2024-00458434 | |
| 31-12-2022 | micro format | 03-10-2023 | 2023-00478425 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20421956 | |
| 31-12-2020 | micro format | 27-08-2021 | 2021-55500435 | |
| 31-12-2019 | micro format | 25-09-2020 | 2020-55700339 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-60100209 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-67000037 | |
| 31-12-2016 | micro format | 16-03-2018 | 2018-07100149 |
Board & ownership
Directors
Directors
1 director
Esselens Dirk
Current
Director · listed in the 2025 annual accounts, filed on 11-08-2026
Owners and capital
Owners
Network & group
I - ENGINEERING shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of I - ENGINEERING. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
11-08
micro format · 11 days late
2025
20-08
micro format · 20 days late
2024
10-09
micro format · 41 days late
2023
31-12
Financial
Back to profitnet €1,669
The net result is €1,669, after one loss-making year.
03-10
micro format · 64 days late
2022
31-08
micro format · 31 days late
2021
27-08
micro format · 27 days late
2020
31-12
Financial
Back to profitnet €55,137
The net result is €55,137, after 2 loss-making years.
25-09
micro format · 56 days late
2019
30-08
micro format · 30 days late
2018
1999
16-03
Gazette deed
Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
I - ENGINEERING in Dutch
Enterprise number
0465.487.459
Legal form
Public limited company
Status
Active, normale toestand
Founded
08-03-1999
Entity type
Legal entity
Registered office and establishments
Registered office
Zandvoortstraat 12c, 2800 Mechelen, Belgium
Establishment unit
Zandvoortstraat 12C, 2800 Mechelen since 20-11-2001 · unit number 2.090.471.15046500 Wholesale of information and communication equipment
Activities
NACEBEL 202547400
Retail sale of information and communication equipment main activity
70200
Business and other management consultancy
Codes under NACEBEL 2008
47410
Retail trade main activity
70220
Business consulting
Codes under NACEBEL 2003
52487
main activity
74142
Invoicing and payment
VAT number
BE 0465.487.459
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
3,845 m²
Building footprint
1,741 m²
Building volume
8,264 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12402A0054/00D000 | Flanders | 3,845 m² | 1 · 1,741 m² | 6.1 m · 2 |