NEW ENGINEERING CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of NEW ENGINEERING CONSTRUCT is 2.3% (moderate). The 2024 annual accounts show negative equity (-€1,165) and a net result of -€41,375. Equity is shrinking by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 3551 sector peers (fiscal year 2024). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 62 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
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Peer companies
Historical observationOf the 6,943 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.3% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 6,943 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.
| Line | 2018 | 2020 | 2022 | 2024 | Change |
|---|---|---|---|---|---|
| Turnover70 | €165,606 | €74,644 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,967 | €2,000 | - | - | - |
| Other operating charges640/8 | - | - | €131 | €30,722 | - |
| Gross operating margin9900 | €28,840 | €5,067 | -€9,023 | -€9,166 | - |
| Operating profit (loss)9901 | €25,483 | €2,373 | -€9,154 | -€39,888 | - |
| Recurring financial income75 | €1,927 | €1,247 | - | - | - |
| Financial charges65/66B | - | - | €364 | €187 | - |
| Recurring financial charges65 | €135 | €177 | €364 | €187 | - |
| Profit (loss) for the period before taxes9903 | €27,274 | €3,443 | -€9,518 | -€40,075 | - |
| Income taxes67/77 | €6,819 | €689 | €8,059 | €1,300 | - |
| Profit (loss) for the period9904 | €20,456 | €2,754 | -€17,577 | -€41,375 | - |
| Profit (loss) for the period to be appropriated9905 | €20,456 | €2,754 | -€17,577 | -€41,375 | - |
| Line | 2018 | 2020 | 2022 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €329,602 | €112,867 | €97,267 | €3,465 | - |
| Fixed assets21/28 | €3,000 | €2,000 | - | - | - |
| Tangible fixed assets22/27 | €3,000 | €2,000 | - | - | - |
| Current assets29/58 | €326,602 | €110,867 | €97,267 | €3,465 | - |
| Amounts receivable within one year40/41 | €310,133 | €96,488 | €87,678 | - | - |
| Trade receivables40 | - | - | €65,394 | - | - |
| Other amounts receivable41 | - | - | €22,285 | - | - |
| Cash at bank and in hand54/58 | €14,543 | €10,862 | €7,115 | €3,465 | - |
| Deferred charges and accrued income490/1 | - | - | €2,473 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €329,602 | €112,867 | €97,267 | €3,465 | - |
| Equity10/15 | €66,155 | €83,247 | €76,183 | -€1,165 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | - |
| Capital10 | - | - | €18,600 | €18,600 | - |
| Issued capital100 | - | - | €18,600 | €18,600 | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | - |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - |
| Legal reserve130 | - | - | €1,860 | €1,860 | - |
| Profit (loss) carried forward14 | €45,695 | €62,787 | €55,723 | -€21,625 | - |
| Provisions and deferred taxes16 | €4,140 | €1,823 | €1,823 | €1,823 | - |
| Provisions for liabilities and charges160/5 | - | - | €1,823 | €1,823 | - |
| Environmental obligations163 | - | - | €1,823 | €1,823 | - |
| Amounts payable17/49 | €259,307 | €27,797 | €19,260 | €2,807 | - |
| Amounts payable within one year42/48 | €259,307 | €27,797 | €19,260 | €2,807 | - |
| Trade debts44 | €73,371 | €19,019 | €16,299 | - | - |
| Suppliers440/4 | - | - | €16,299 | - | - |
| Taxes, remuneration and social security45 | - | - | €2,962 | €2,807 | - |
| Taxes450/3 | - | - | €2,962 | €2,807 | - |
| Line | 2018 | 2020 | 2022 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20,456 | €2,754 | -€17,577 | -€41,375 | - |
| + Depreciation and write-downs630 | €1,967 | €2,000 | - | - | - |
| Operating cash flow (approximation) | €22,423 | €4,754 | -€17,577 | -€41,375 | - |
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
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0203/00F037 | Flanders | 294 m² | 1 · 80 m² | 11.4 m · 3 fl. |
| 23066A0152/00H000 | Flanders | 84 m² | 1 · 63 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
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Scores and ratios are computed by Checked and are not a credit decision.