Active BE 0476.983.840Public limited company

INDUSTRIAL ENGINEERING AND CONTRACTING

Industrieweg-Noord 1188 ·3660 Oudsbergen, Belgium· 24 yrs active

Sector: Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts (71121)

Conclusion Checked

The KBO register records legal situation 050 for INDUSTRIAL ENGINEERING AND CONTRACTING (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show negative equity (€-4.37M) and a net result of €-5.63M.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-4.37M
Net result	€-5.63M
Staff (FTE)	12.6
Better than sector	5%

Snowflake analysis 5 of 5 axes measured · computed by Checked

18 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 33

Solvency 35

Growth 22

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

0 / 100

Low riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Trust signals 1 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2020 · computed

0 / 100 Critical

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2020 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 22-11-2022 with the NBB · fiscal year 2020 · volledig

RevenueOperating resultNet result

Sector comparison

Fiscal year 2020 · NACE 71, Architecture & engineering · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-48.5%	44.3%	better than 5% of 65 sector peers
Net result	€-5.63M	€19k	better than 5% of 65 sector peers
Equity	€-4.37M	€433k	better than 5% of 65 sector peers
Employees (FTE)	12.6	15.6	better than 44% of 38 sector peers
Total assets	€9.01M	€1.03M	better than 83% of 65 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€8.13M

-75.3% 18-20

EBITDA

€-5.82M

- 18-20

Net profit

€-5.63M

-1845.2% 18-20

Cash flow

€-5.48M

-6289.6% 18-20

Total assets

€9.01M

-46.3% 18-20

Equity

€-4.37M

- 18-20

Working capital

€-5.63M

- 18-20

Employees (FTE)

13

-43.8% 18-20

Staff costs

€1.44M

- 18-20

Income taxes

€-138k

- 18-20

Debt

€13.15M

-14.0% 18-20

Debt ≤ 1y

€12.87M

-13.4% 18-20

Debt > 1y

€142k

-48.7% 18-20

Current ratio

0.56

-43.8% 18-20

Quick ratio

0.51

-43.8% 18-20

Solvency

-48.5%

- 18-20

Debt / equity

-3.01

- 18-20

ROE

128.7%

- 18-20

ROA

-62.5%

-3521.4% 18-20

Net margin

-69.3%

-7779.2% 18-20

EBITDA margin

-71.6%

- 18-20

Interest coverage

-38.91

- 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	volledig
Revenue	€8.13M
EBITDA	€-5.82M
Net profit	€-5.63M
Cash flow	€-5.48M
Staff costs	€1.44M
Income taxes	€-138k
Dividends	-
Total assets	€9.01M
Equity	€-4.37M
Debt	€13.15M
of which ≤ 1y	€12.87M
of which > 1y	€142k
Working capital	€-5.63M
Employees (FTE)	12.6

Ratios (computed)

	2020
Current ratio	0.56
Quick ratio	0.51
Working capital ratio	-62.5%
Solvency	-48.5%
Debt / equity	-3.01
Long-term debt ratio	-0.03
Interest coverage	-38.91
Gross margin	-21.2%
Net margin	-69.3%
ROA	-62.5%
ROE	128.7%
EBITDA margin	-71.6%
Days sales outstanding	107d
Days payable outstanding	363d
Inventory turnover	15.64
Days inventory (DSI)	23d

Balance-sheet composition 2020

Assets

Fixed assets €1.78M · 19.7% Current assets €7.24M · 80.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€9.01M
Fixed assets	21/28	€1.78M
Tangible fixed assets	22/27	€269k
Financial fixed assets	28	€1.51M
Current assets	29/58	€7.24M
Stocks & contracts in progress	3	€630k
Amounts receivable within one year	40/41	€6.25M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9.01M
Equity	10/15	€-4.37M
Contributions / capital	10/11	€100k
Reserves	13	€10k
Accumulated profits (losses)	14	€-4.48M
Provisions & deferred taxes	16	€234k
Amounts payable	17/49	€13.15M
Amounts payable after one year	17	€142k
Amounts payable within one year	42/48	€12.87M
Trade debts payable within one year	44	€9.80M
Income statement
Turnover	70	€8.13M
Operating result	9901	€-5.97M
Financial income	75	€606k
Financial charges	65	€405k
Result before taxes	9903	€-5.77M
Income taxes	67/77	€-138k
Net result for the period	9904	€-5.63M
Result to be appropriated	9905	€-5.63M

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts(71121)
Legal form	Public limited company(014)
Incorporation	12-03-2002
Status	Active
Postal code	3660

Establishment units 1 location

INDEC

Industrieweg-Noord 1188, 3660 Oudsbergenhet proefboren en het nemen van bodemmonsters ten behoeve van de bouw of voor geofysische, geologische of andere doeleinden

since 20022.100.533.119

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71562B0905/00C007	Flanders	9,507 m²	1 · 1,718 m²	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 10 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

22-11-2022