INJA Engineering
ActiveSummary
INJA Engineering has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €34k. Equity is shrinking by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+1
Solvency49▼-9
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 1.39 in 2024; short-term debt: 75.6% and cash: 40.2% of total assets), and 75.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
24.4%
Return on assets
44.6%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 25%
← 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 03-08-2026, 3 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 · 7 filingsDeviation from the deadline
2025
3 d late
2024
28 d late
2023
42 d early
2022
28 d late
2021
29 d late
2020
47 d early
2019
4 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€19k▼ 35.6%
2024 · €29k
Total assets
€76k▼ 13.4%
2024 · €88k
Net result
€34k▲ 60.2%
2024 · €21k
Working capital
€506▼ 97.8%
2024 · €23k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19k▲ 28.0%€27k▲ 42.8%€30k▲ 12.8%€27k▼ 11.2%€43k▲ 59.6%
Net result€15k▲ 41.5%€22k▲ 47.3%€24k▲ 11.8%€21k▼ 11.7%€34k▲ 60.2%
Equity€69k▲ 64.1%€55k▼ 21.1%€55k▲ 0.1%€29k▼ 47.0%€19k▼ 35.6%
Total assets€80k▲ 46.9%€87k▲ 9.1%€95k▲ 8.7%€88k▼ 7.5%€76k▼ 13.4%
Debt€11k▼ 11.3%€33k▲ 198%€40k▲ 22.9%€59k▲ 45.8%€58k▼ 2.4%
Working capital€67k▲ 74.3%€53k▼ 21.4%€53k▲ 0.6%€23k▼ 56.7%€506▼ 97.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 60% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€18k ▲ 207%
Current assets
€58k ▼ 29.2%
Equity and liabilities €76k
Equity
€19k ▼ 35.6%
Debt
€58k ▼ 2.4%
Debt's share of the balance-sheet total rises from 67.1% to 75.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€48k▲
2024 · €28k
Cash flow
€38k▲
2024 · €23k
Current ratio
1.01▼
2024 · 1.39
Debt to equity
3.09▲
2024 · 2.04
ROE
182.6%▲
2024 · 73.4%
ROA
44.6%▲
2024 · 24.1%
Interest coverage
564.29▲
2024 · 209.38
Debt ≤ 1 year
€58k▼
2024 · €59k
Income taxes
€9k▲
2024 · €6k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €948 | €1k | €4k | ▲ 223% |
| Other operating charges640/8 | €613 | €410 | €1k | €429 | €1k | ▲ 219% |
| Gross operating margin9900 | €21k | €29k | €33k | €29k | €49k | ▲ 69.8% |
| Operating profit (loss)9901 | €19k | €27k | €30k | €27k | €43k | ▲ 59.6% |
| Financial income75/76B | €10 | €630 | €540 | €449 | €355 | ▼ 20.9% |
| Recurring financial income75 | €10 | €630 | €540 | €449 | €355 | ▼ 20.9% |
| Financial charges65/66B | €48 | €48 | €75 | €136 | €84 | ▼ 37.8% |
| Recurring financial charges65 | €48 | €48 | €75 | €136 | €84 | ▼ 37.8% |
| Profit (loss) for the period before taxes9903 | €19k | €28k | €31k | €27k | €43k | ▲ 58.7% |
| Income taxes67/77 | €4k | €6k | €7k | €6k | €9k | ▲ 53.7% |
| Profit (loss) for the period9904 | €15k | €22k | €24k | €21k | €34k | ▲ 60.2% |
| Profit (loss) for the period to be appropriated9905 | €15k | €22k | €24k | €21k | €34k | ▲ 60.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €80k | €87k | €95k | €88k | €76k | ▼ 13.4% |
| Fixed assets21/28 | €2k | €2k | €1k | €6k | €18k | ▲ 207% |
| Tangible fixed assets22/27 | €2k | €2k | €1k | €6k | €18k | ▲ 207% |
| Plant, machinery and equipment23 | - | €1k | €828 | €614 | €399 | ▼ 35.0% |
| Furniture and vehicles24 | €2k | €613 | €569 | €5k | €15k | ▲ 187% |
| Other tangible fixed assets26 | - | - | - | - | €3k | - |
| Current assets29/58 | €78k | €86k | €94k | €82k | €58k | ▼ 29.2% |
| Amounts receivable after more than one year29 | €26k | €23k | €19k | €15k | €12k | ▼ 24.0% |
| Other amounts receivable291 | €26k | €23k | €19k | €15k | €12k | ▼ 24.0% |
| Amounts receivable within one year40/41 | €12k | €17k | €13k | €15k | €15k | ▼ 2.0% |
| Trade receivables40 | €12k | €12k | €13k | €15k | €15k | ▼ 2.0% |
| Other amounts receivable41 | €694 | €5k | - | €163 | €163 | = |
| Cash at bank and in hand54/58 | €40k | €46k | €62k | €52k | €31k | ▼ 40.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €80k | €87k | €95k | €88k | €76k | ▼ 13.4% |
| Equity10/15 | €69k | €55k | €55k | €29k | €19k | ▼ 35.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €51k | €36k | €36k | €10k | €22 | ▼ 99.8% |
| Distributable reserves133 | €51k | €36k | €36k | €10k | €22 | ▼ 99.8% |
| Amounts payable17/49 | €11k | €33k | €40k | €59k | €58k | ▼ 2.4% |
| Amounts payable within one year42/48 | €11k | €33k | €40k | €59k | €58k | ▼ 2.4% |
| Trade debts44 | €2k | €698 | €4k | €289 | €2k | ▲ 578% |
| Suppliers440/4 | €2k | €698 | €4k | €289 | €2k | ▲ 578% |
| Taxes, remuneration and social security45 | €9k | €14k | €15k | €15k | €15k | ▲ 1.1% |
| Taxes450/3 | €9k | €14k | €15k | €15k | €15k | ▲ 1.1% |
| Other amounts payable47/48 | €15 | €19k | €21k | €44k | €40k | ▼ 7.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15k | €22k | €24k | €21k | €34k | ▲ 60.2% |
| + Depreciation and write-downs630 | €2k | €1k | €948 | €1k | €4k | ▲ 223% |
| Operating cash flow (approximation) | €16k | €23k | €25k | €23k | €38k | ▲ 70.1% |
| Investment in fixed assets (approximation) | - | €-1k | €-689 | €-6k | €-17k | ▼ 183% |
| Change in cash | - | €6k | €16k | €-10k | €-21k | ▼ 109% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Highest result since 2019net €34k ▲60.2%
Operating result €43k, net result €34k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €10k ▼59.7%
Net result drops to €10k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Zemst · 1 establishment unit since 2018
Ground area
1,066 m²
Building footprint
130 m²
Volume, LiDAR
581 m³
Parcel 23018E0234/00T002, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INJA Engineering
since 20182.275.932.972
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23018E0234/00T002 | Flanders | 1,066 m² | 1 · 130 m² | 7.0 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 11,571 companies in sector 71121 we hold annual accounts for 6,561. 3,884 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
Founded12-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.