MODEL ENGINEERING
ActiveSummary
MODEL ENGINEERING has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €179k and a net result of €-22k. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 2015 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability7▼-6
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
cash: 99.9% of total assets, and 0.6% of the assets are financed with debt.
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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 · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-22k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
9 d early
2023
8 d early
2022
19 d early
2021
20 d early
2020
30 d early
2019
25 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, abbreviated schema
Turnover
€2k▼ 80.4%
2023 · €10k
EBIT margin
-1073.3%▼ 862.7pp
2023 · -210.6%
Net result
€-22k▼ 12.2%
2024 · €-20k
Working capital
€202k▼ 16.5%
2022 · €242k
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
Turnover€4k▲ 61.8%€10k€2k▼ 80.4%
Operating result€-40k▲ 18.3%€-37k▲ 7.4%€-21k▲ 41.9%€-21k=€-21k▲ 0.9%
Net result€-40k▲ 19.2%€-36k▲ 8.4%€-20k▲ 45.2%€-20k▲ 0.1%€-22k▼ 12.2%
EBIT margin-968.1%▲ 947.8pp-210.6%-1073.3%▼ 862.7pp
Equity€279k▼ 12.4%€242k▼ 13.3%€222k▼ 8.2%€202k▼ 9.0%€179k▼ 11.0%
Total assets€279k▼ 12.5%€242k▼ 13.4%€222k▼ 8.3%€202k▼ 8.9%€181k▼ 10.6%
Debt€424▼ 47.2%€99▼ 76.7%€221€1k▲ 420%
Working capital€278k▼ 11.8%€242k▼ 13.1%€202k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €21k in 2025 against €21k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €181k
Equity
€179k ▼ 11.0%
Debt
€1k ▲ 420%
Debt's share of the balance-sheet total rises from 0.1% to 0.6%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
0.01▲
2024 · 0.00
ROE
-12.4%▼
2024 · -9.8%
ROA
-12.3%▼
2024 · -9.8%
Debt > 1 year
€1k
Staff costs
€8k▼
2024 · €12k
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €4k | - | €10k | €2k | - | - |
| Goods, raw materials, services and sundry goods60/61 | €11k | - | €13k | - | €12k | - |
| Remuneration, social security and pensions62 | €30k | €24k | €18k | €12k | €8k | ▼ 33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €770 | - | - | - | - |
| Other operating charges640/8 | €681 | €690 | €750 | €792 | €817 | ▲ 3.2% |
| Gross operating margin9900 | €-7k | €-12k | €-3k | €-9k | €-12k | ▼ 43.6% |
| Operating profit (loss)9901 | €-40k | €-37k | €-21k | €-21k | €-21k | ▲ 0.9% |
| Financial income75/76B | €337 | €690 | €2k | €2k | - | - |
| Recurring financial income75 | €337 | €690 | €2k | €2k | - | - |
| Non-recurring financial income76B | - | €690 | €2k | €2k | - | - |
| Financial charges65/66B | - | - | - | - | €1k | - |
| Recurring financial charges65 | - | - | - | - | €1k | - |
| Non-recurring financial charges66B | - | - | - | - | €1k | - |
| Profit (loss) for the period before taxes9903 | €-40k | €-36k | €-20k | €-20k | €-22k | ▼ 12.2% |
| Profit (loss) for the period9904 | €-40k | €-36k | €-20k | €-20k | €-22k | ▼ 12.2% |
| Profit (loss) for the period to be appropriated9905 | €-40k | €-36k | €-20k | €-20k | €-22k | ▼ 12.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €279k | €242k | €222k | €202k | €181k | ▼ 10.6% |
| Fixed assets21/28 | €770 | - | - | - | - | - |
| Intangible fixed assets21 | €770 | - | - | - | - | - |
| Current assets29/58 | €278k | €242k | €222k | €202k | €181k | ▼ 10.6% |
| Amounts receivable within one year40/41 | €465 | €531 | €737 | €403 | €111 | ▼ 72.5% |
| Other amounts receivable41 | €465 | €531 | €737 | €403 | €111 | ▼ 72.5% |
| Cash at bank and in hand54/58 | €278k | €241k | €221k | €202k | €181k | ▼ 10.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €279k | €242k | €222k | €202k | €181k | ▼ 10.6% |
| Equity10/15 | €279k | €242k | €222k | €202k | €179k | ▼ 11.0% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | €62k | €62k | €62k | €62k | €62k | = |
| Issued capital100 | €62k | €62k | €62k | €62k | €62k | = |
| Reserves13 | €256k | €216k | €180k | €160k | €140k | ▼ 12.4% |
| Non-distributable reserves130/1 | €6k | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | €6k | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | €250k | €210k | €173k | €153k | €134k | ▼ 12.9% |
| Profit (loss) carried forward14 | €-40k | €-36k | €-20k | €-20k | €-22k | ▼ 12.2% |
| Amounts payable17/49 | €424 | €99 | - | €221 | €1k | ▲ 420% |
| Amounts payable after more than one year17 | - | - | - | - | €1k | - |
| Financial debts170/4 | - | - | - | - | €1k | - |
| Amounts payable within one year42/48 | €424 | €99 | - | €221 | - | - |
| Trade debts44 | €31 | €99 | - | €221 | - | - |
| Suppliers440/4 | €31 | €99 | - | - | - | - |
| Bills of exchange payable441 | - | - | - | €221 | - | - |
| Taxes, remuneration and social security45 | €394 | - | - | - | - | - |
| Taxes450/3 | €394 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-40k | €-36k | €-20k | €-20k | €-22k | ▼ 12.2% |
| + Depreciation and write-downs630 | €2k | €770 | - | - | - | - |
| Operating cash flow (approximation) | €-37k | €-36k | €-20k | €-20k | €-22k | ▼ 12.2% |
| Change in cash | - | €-37k | €-20k | €-19k | €-21k | ▼ 9.1% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 2440.94
Current ratio from 655.69 to 2440.94; short-term debt falls from €424 to €99.
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-57k
Net result drops to €-57k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
16-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hemiksem · 1 establishment unit since 1994
Ground area
262 m²
Building footprint
101 m²
Volume, LiDAR
713 m³
Parcel 11018C0261/00A009, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
MODEL ENGINEERING
since 19942.068.385.141
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11018C0261/00A009 | Flanders | 262 m² | 1 · 101 m² | 12.0 m · 3 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.
Similar companies · same sector, comparable size
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LEKDETECTIE.BE
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BOUW-WERK
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 5,192 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-08-1994
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
28230Manufacture of machinery and equipment not elsewhere classified
Contact
Scores and ratios are computed by Checked and are not a credit decision.