KRAKEN ENGINEERING
ActiveSummary
KRAKEN ENGINEERING has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86,724 and a net result of €15,715. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 53% of 11620 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+5
Solvency83▼-15
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.27 against 3.5 in 2023; short-term debt: 41.9% and cash: 10.8% of total assets), and 41.9% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 · 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 · 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 2024Solvency, return and age of the figures
Solvency
58.1%
Return on assets
10.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-09-2025, 58 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
not confirmed
2024
58 d late
2023
49 d late
2022
109 d early
2021
146 d early
2020
5 d early
2019
84 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 12 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€86,724▼ 26.8%
2023 · €118,509
Total assets
€149,265▼ 8.2%
2023 · €162,512
Net result
€15,715▲ 50.2%
2023 · €10,464
Working capital
€79,290▼ 25.1%
2023 · €105,839
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
Line20202021202220232024
Operating result€34,622▼ 27.3%€52,011▲ 50.2%-€50,332€11,420€18,535▲ 62.3%
Net result€28,272within the sector's middle half▼ 22.7%€37,309within the sector's middle half▲ 32.0%-€54,038below the sector's middle half€10,464within the sector's middle half€15,715within the sector's middle half▲ 50.2%
Equity€144,774above the sector's middle half▲ 5.0%€162,083above the sector's middle half▲ 12.0%€108,045within the sector's middle half▼ 33.3%€118,509within the sector's middle half▲ 9.7%€86,724within the sector's middle half▼ 26.8%
Total assets€213,340within the sector's middle half▲ 14.0%€207,329within the sector's middle half▼ 2.8%€155,042within the sector's middle half▼ 25.2%€162,512within the sector's middle half▲ 4.8%€149,265within the sector's middle half▼ 8.2%
Debt€68,566▲ 39.1%€45,245▼ 34.0%€46,997▲ 3.9%€44,003▼ 6.4%€62,541▲ 42.1%
Working capital€74,165within the sector's middle half▼ 2.6%€119,856above the sector's middle half▲ 61.6%€80,228within the sector's middle half▼ 33.1%€105,839within the sector's middle half▲ 31.9%€79,290within the sector's middle half▼ 25.1%
Solvency67.9%within the sector's middle half▼ 5.8pp78.2%above the sector's middle half▲ 10.3pp69.7%within the sector's middle half▼ 8.5pp72.9%within the sector's middle half▲ 3.2pp58.1%within the sector's middle half▼ 14.8pp
Current ratio2.43within the sector's middle half▼ 0.114.59above the sector's middle half▲ 2.153.00within the sector's middle half▼ 1.593.50within the sector's middle half▲ 0.512.27within the sector's middle half▼ 1.24
Return on assets (ROA)13.3%within the sector's middle half▼ 6.3pp18.0%within the sector's middle half▲ 4.7pp-34.9%below the sector's middle half▼ 52.8pp6.4%within the sector's middle half▲ 41.3pp10.5%within the sector's middle half▲ 4.1pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 62% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €149,265
Fixed assets
€7,435 ▼ 48.3%
Current assets
€141,830 ▼ 4.2%
Equity and liabilities €149,265
Equity
€86,724 ▼ 26.8%
Debt
€62,541 ▲ 42.1%
Debt's share of the balance-sheet total rises from 27.1% to 41.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€29,331▼
2023 · €32,264
Cash flow
€26,511▼
2023 · €31,308
Debt to equity
0.72▲
2023 · 0.37
ROE
18.1%▲
2023 · 8.8%
Interest coverage
16.04▼
2023 · 152.99
Debt ≤ 1 year
€62,541▲
2023 · €42,281
Income taxes
€2,451▲
2023 · €895
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 34,696 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,922 | €33,414 | €20,953 | €20,844 | €10,795 | ▼ 48.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €14,800 | - |
| Other operating charges640/8 | - | - | €2,605 | €2,747 | €3,040 | ▲ 10.7% |
| Gross operating margin9900 | €67,810 | €87,958 | -€26,775 | €35,011 | €47,171 | ▲ 34.7% |
| Operating profit (loss)9901 | €34,622 | €52,011 | -€50,332 | €11,420 | €18,535 | ▲ 62.3% |
| Financial income75/76B | - | - | €1 | €150 | €1,460 | ▲ 873% |
| Recurring financial income75 | €94 | €93 | €1 | €150 | €1,460 | ▲ 873% |
| Financial charges65/66B | - | - | €2,874 | €211 | €1,829 | ▲ 767% |
| Recurring financial charges65 | €1,061 | €225 | €2,874 | €211 | €1,829 | ▲ 767% |
| Profit (loss) for the period before taxes9903 | €33,654 | €51,879 | -€53,205 | €11,359 | €18,166 | ▲ 59.9% |
| Income taxes67/77 | €5,382 | €14,570 | €833 | €895 | €2,451 | ▲ 174% |
| Profit (loss) for the period9904 | €28,272 | €37,309 | -€54,038 | €10,464 | €15,715 | ▲ 50.2% |
| Profit (loss) for the period to be appropriated9905 | €28,272 | €37,309 | -€54,038 | €10,464 | €15,715 | ▲ 50.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213,340 | €207,329 | €155,042 | €162,512 | €149,265 | ▼ 8.2% |
| Fixed assets21/28 | €87,456 | €54,042 | €34,600 | €14,392 | €7,435 | ▼ 48.3% |
| Intangible fixed assets21 | €52,578 | €27,996 | €15,807 | €3,619 | - | - |
| Tangible fixed assets22/27 | €34,878 | €26,046 | €18,793 | €10,773 | €7,435 | ▼ 31.0% |
| Plant, machinery and equipment23 | - | - | €301 | €789 | €857 | ▲ 8.7% |
| Furniture and vehicles24 | - | - | €18,492 | €9,985 | €6,577 | ▼ 34.1% |
| Current assets29/58 | €125,884 | €153,287 | €120,442 | €148,120 | €141,830 | ▼ 4.2% |
| Amounts receivable within one year40/41 | €29,882 | €11,519 | €26,846 | €78,747 | €65,522 | ▼ 16.8% |
| Trade receivables40 | - | - | €12,300 | €78,575 | €64,560 | ▼ 17.8% |
| Other amounts receivable41 | - | - | €14,546 | €172 | €962 | ▲ 460% |
| Current investments50/53 | €71,358 | €120,344 | €80,736 | €53,669 | €54,864 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €15,994 | €14,473 | €4,952 | €11,445 | €16,103 | ▲ 40.7% |
| Deferred charges and accrued income490/1 | - | - | €7,908 | €4,260 | €5,341 | ▲ 25.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213,340 | €207,329 | €155,042 | €162,512 | €149,265 | ▼ 8.2% |
| Equity10/15 | €144,774 | €162,083 | €108,045 | €118,509 | €86,724 | ▼ 26.8% |
| Contributions10/11 | - | - | €18,600 | €18,600 | €20,460 | ▲ 10.0% |
| Reserves13 | €109,360 | €109,360 | €109,360 | €109,360 | €75,500 | ▼ 31.0% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | €107,500 | €107,500 | €75,500 | ▼ 29.8% |
| Profit (loss) carried forward14 | €16,814 | €34,123 | -€19,915 | -€9,451 | -€9,236 | ▲ 2.3% |
| Amounts payable17/49 | €68,566 | €45,245 | €46,997 | €44,003 | €62,541 | ▲ 42.1% |
| Amounts payable after more than one year17 | €16,798 | €11,814 | €6,783 | €1,704 | - | - |
| Financial debts170/4 | - | - | €6,783 | €1,704 | - | - |
| Amounts payable within one year42/48 | €51,719 | €33,431 | €40,214 | €42,281 | €62,541 | ▲ 47.9% |
| Current portion of amounts payable after more than one year42 | - | - | €5,031 | €5,079 | €1,704 | ▼ 66.5% |
| Trade debts44 | €16,622 | €417 | €1,399 | €3,600 | €2,011 | ▼ 44.1% |
| Suppliers440/4 | - | - | €1,399 | €3,600 | €2,011 | ▼ 44.1% |
| Taxes, remuneration and social security45 | - | - | €5,947 | €2,692 | €7,955 | ▲ 196% |
| Taxes450/3 | - | - | €5,947 | €2,692 | €7,955 | ▲ 196% |
| Other amounts payable47/48 | - | - | €27,837 | €30,910 | €50,871 | ▲ 64.6% |
| Accrued charges and deferred income492/3 | - | - | - | €18 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,272 | €37,309 | -€54,038 | €10,464 | €15,715 | ▲ 50.2% |
| + Depreciation and write-downs630 | €29,922 | €33,414 | €20,953 | €20,844 | €10,795 | ▼ 48.2% |
| Operating cash flow (approximation) | €58,194 | €70,723 | -€33,086 | €31,308 | €26,511 | ▼ 15.3% |
| Investment in fixed assets (approximation) | - | €0 | -€1,511 | -€636 | -€3,838 | ▼ 503% |
| Change in cash | - | -€1,521 | -€9,521 | €6,493 | €4,658 | ▼ 28.3% |
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
2025
27-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 58 days late
2024
18-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 49 days late
2023
31-12
Financial
Back to profitnet €10,464
Net result €10,464 after one loss-making year.
13-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€54,038
Net result drops to -€54,038, the lowest in the series; recovery starts the following year.
07-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €37,309 ▲32%
Operating result €52,011, net result €37,309, both a record.
31-12
Financial
Equity above €150,000Eq €162,083 ▲12%
4 profitable years in a row build equity to €162,083.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 84 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · full 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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Andenne · 1 establishment unit since 2011
Ground area
6,085 m²
Building footprint
233 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Château 3, 5300 Andenne
since 20112.200.497.458
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92130A0225/00H000 | Wallonia | 5,072 m² | 1 · 119 m² | - |
| 92411A0315/00W000 | Wallonia | 1,013 m² | 1 · 114 m² | - |
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.
Similar companies · same sector, comparable size
ENGINEERING ACCES CLEANING
BE 0870.932.415
Bassenge · Eq €86,798
Tengineering
BE 0687.781.072
Maarkedal · Eq €86,563
OPENSKILLS
BE 0535.772.471
Oupeye · Eq €86,464
OPES INDUSTRY
BE 0644.395.447
Kortrijk · Eq €86,439
B.M.I. CONCEPT
BE 0421.256.152
Brussel · Eq €87,052
Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 5,202 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
Founded01-07-2011
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0837462762
Also
9925:BE0837462762
Registered
16-07-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.