M+E Engineering
ActiveFrom the official registers: KBO 6 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
M+E Engineering has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,400 and a net result of €2,541. Equity has been growing by about 7.9% per year since 2020. Its solvency ranks better than 51% of 11,760 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 04-06-2019 Normal situation
- Legal form
- Private limited company
- Registered office
- Terhulpsesteenweg 181, 1170 Watermaal-Bosvoorde
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121
- Establishment unit
- 2.291.150.985 1170 Watermaal-Bosvoorde, since 04-06-2019
- Financial year end
- 30 June
- Peppol
- Reachable since 11-11-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €66,501
- ▼ 38.0%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €2,541
- ▼ 94.8%
- Equity
- €55,400
- ▼ 24.0%
- Total assets
- €100,200
- ▼ 10.3%
Score breakdownlowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 2.24, cash €25,547Equity €55,400 (55.3% of total assets)Size: total assets €100,200Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 53% of them on solvency, 47% on liquidity, 19% on profitability and 19% on growth.
The bankruptcy probability was computed on 31-10-2026 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).
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Signals
The company filed its last 6 accounts on average 6 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
Annual accounts 2025
- Financial year ended
- 30-06-2025
- Filed on
- 17-01-2026
- Format
- micro format
- Reference
- 2026-00009238
2021 to 2025, 5 financial years 2020 to 2025, 6 financial years
The operating result for 2025 is 35% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Architectural and engineering activities; technical testing and analysis (NACE 71). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 5,047 companies had the same profile as M+E Engineering has now. Two years later, 2.2% had gone bankrupt and 93.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of M+E Engineering itself is lower: 0.1% within 12 months. It rests on far more data about M+E Engineering than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,047 companies, not a prediction for M+E Engineering. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €1,926 | €1,852 | €6,875 | €1,444 | ▼ 79.0% |
| Gross operating margin9900 | €24,897 | €17,782 | €44,340 | €55,933 | €107,239 | €66,501 | ▼ 38.0% |
| Operating profit (loss)9901 | €24,492 | €17,435 | €42,414 | €54,081 | €100,364 | €65,057 | ▼ 35.2% |
| Financial income75/76B | - | - | €2 | €10 | - | €465 | - |
| Recurring financial income75 | - | €243 | €2 | €10 | - | €465 | - |
| Financial charges65/66B | - | - | €55,733 | €57,442 | €39,893 | €61,150 | ▲ 53.3% |
| Recurring financial charges65 | €66 | €169 | €55,733 | €57,442 | €39,893 | €61,150 | ▲ 53.3% |
| Profit (loss) for the period before taxes9903 | €24,426 | €17,509 | -€13,317 | -€3,351 | €60,471 | €4,372 | ▼ 92.8% |
| Income taxes67/77 | €6,500 | €2,640 | €268 | - | €11,470 | €1,831 | ▼ 84.0% |
| Profit (loss) for the period9904 | €17,926 | €14,869 | -€13,585 | -€3,351 | €49,001 | €2,541 | ▼ 94.8% |
| Profit (loss) for the period to be appropriated9905 | €17,926 | €14,869 | -€13,585 | -€3,351 | €49,001 | €2,541 | ▼ 94.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €67,999 | €70,291 | €59,345 | €69,317 | €111,728 | €100,200 | ▼ 10.3% |
| Current assets29/58 | €67,999 | €70,291 | €59,345 | €69,317 | €111,728 | €100,200 | ▼ 10.3% |
| Stocks and contracts in progress3 | - | €12,284 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €59,454 | €52,716 | €47,734 | €60,175 | €70,294 | €73,338 | ▲ 4.3% |
| Trade receivables40 | - | - | €47,734 | €60,175 | €70,294 | €53,807 | ▼ 23.5% |
| Other amounts receivable41 | - | - | - | - | - | €19,531 | - |
| Cash at bank and in hand54/58 | €8,545 | €5,291 | €11,611 | €9,142 | €40,455 | €25,547 | ▼ 36.9% |
| Deferred charges and accrued income490/1 | - | - | - | - | €979 | €1,315 | ▲ 34.3% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €67,999 | €70,291 | €59,345 | €69,317 | €111,728 | €100,200 | ▼ 10.3% |
| Equity10/15 | €37,926 | €52,795 | €39,210 | €35,859 | €72,859 | €55,400 | ▼ 24.0% |
| Contributions10/11 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | €17,926 | €32,795 | €19,210 | €15,859 | €52,859 | €35,400 | ▼ 33.0% |
| Amounts payable17/49 | €30,073 | €17,496 | €20,135 | €33,458 | €38,869 | €44,800 | ▲ 15.3% |
| Amounts payable within one year42/48 | €30,073 | €17,496 | €20,135 | €33,458 | €38,869 | €44,800 | ▲ 15.3% |
| Financial debts43 | - | - | €27 | - | - | - | - |
| Credit institutions430/8 | - | - | €27 | - | - | - | - |
| Trade debts44 | €15,874 | €7,861 | €9,815 | €6,510 | €1,535 | €16,724 | ▲ 990% |
| Suppliers440/4 | - | - | €9,815 | €6,510 | €1,535 | €16,724 | ▲ 990% |
| Taxes, remuneration and social security45 | - | - | €2,362 | €4,536 | €21,300 | €8,076 | ▼ 62.1% |
| Taxes450/3 | - | - | €2,362 | €4,536 | €21,300 | €8,076 | ▼ 62.1% |
| Other amounts payable47/48 | - | - | €7,931 | €22,412 | €16,034 | €20,000 | ▲ 24.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,926 | €14,869 | -€13,585 | -€3,351 | €49,001 | €2,541 | ▼ 94.8% |
| Operating cash flow (approximation) | €17,926 | €14,869 | -€13,585 | -€3,351 | €49,001 | €2,541 | ▼ 94.8% |
| Change in cash | - | -€3,254 | €6,320 | -€2,469 | €31,313 | -€14,908 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 17-01-2026 | 2026-00009238 | |
| 30-06-2024 | micro format | 14-01-2025 | 2025-00004421 | |
| 30-06-2023 | micro format | 25-01-2024 | 2024-00006363 | |
| 30-06-2022 | micro format | 19-01-2023 | 2023-00000434 | |
| 30-06-2021 | micro format | 14-02-2022 | 2022-05500008 | |
| 30-06-2020 | micro format | 02-02-2021 | 2021-04700322 |
Comparable companies
These companies have the same main activity as M+E Engineering: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €94,400 and €111,000, founded between 2018 and 2019.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| M+E Engineering Watermaal-Bosvoorde | 2019 | €100,200 | €55,400 | €66,501 | €2,541 | 2025 |
| Atelier BLX Hoogstraten | 2019 | €94,643 | €79,115 | €62,765 | €20,956 | 2025 |
| REGECO Kalmthout | 2019 | €94,593 | €25,868 | €69,083 | €22,442 | 2025 |
| BABEL ENGINEERING Sint-Pieters-Leeuw | 2018 | €94,420 | €21,248 | €66,844 | €40,796 | 2025 |
| BY PROJECT Mont-de-l'Enclus | 2019 | €110,701 | €51,549 | €69,059 | €47,720 | 2025 |
| DSS Engineering Gent | 2019 | €109,934 | €104,583 | €67,018 | €45,760 | 2025 |
| VIN-EEF Halle | 2019 | €103,464 | €72,274 | €74,349 | €54,196 | 2025 |
They were chosen from the 6,768 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Deplasse Philippe |
|
Owners and capital
Owners
Group and network
Connections & network
1 current directorThe network starts from the directors of M+E Engineering. Every other company they run is a node.
History
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21652E0041/00D002 | Brussels | 7,508 m² | 1 · 1,001 m² | 37.2 m · 11 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.