Equity
Debts exceed assets in financial year 2024.
In July 2024, 6,920 companies had the same profile as NEW ENGINEERING CONSTRUCT has now. Each dot stands for 18 companies, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 6,920 companies, not a prediction for NEW ENGINEERING CONSTRUCT. 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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The 2024 annual accounts show negative equity (-€1,165) and a net result of -€41,375. Equity has been shrinking by about 10% per year since 2018.
The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 13 November 2026.
| Line | Trend | 2024 | 2022 | 2020 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
3,465 | 97,267 | 112,867 | 329,602 | 110,441 | 156,193 | 18,600 | 18,600 | |
21/28 |
- | - | 2,000 | 3,000 | 967 | 1,933 | - | - | |
22/27 |
- | - | 2,000 | 3,000 | 967 | 1,933 | - | - | |
23 |
- | - | 1,000 | 3,000 | - | - | - | - | |
24 |
- | - | 1,000 | - | 967 | 1,933 | - | - | |
29/58 |
3,465 | 97,267 | 110,867 | 326,602 | 109,474 | 154,259 | 18,600 | 18,600 | |
40/41 |
- | 87,678 | 96,488 | 310,133 | 98,650 | 148,928 | 18,600 | 18,600 | |
40 |
- | 65,394 | 72,636 | 291,277 | 73,705 | 130,806 | - | - | |
41 |
- | 22,285 | 23,852 | 18,856 | 24,945 | 18,122 | 18,600 | 18,600 | |
54/58 |
3,465 | 7,115 | 10,862 | 14,543 | 8,624 | 3,680 | - | - | |
490/1 |
- | 2,473 | 3,517 | 1,927 | 2,200 | 1,651 | - | - | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
3,465 | 97,267 | 112,867 | 329,602 | 110,441 | 156,193 | 18,600 | 18,600 | |
10/15 |
-1,165 | 76,183 | 83,247 | 66,155 | 45,699 | 29,988 | 18,600 | 18,600 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
10 |
18,600 | 18,600 | - | - | - | - | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | - | - | - | - | - | |
130 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | |
14 |
-21,625 | 55,723 | 62,787 | 45,695 | 25,239 | 9,528 | - | - | |
16 |
1,823 | 1,823 | 1,823 | 4,140 | 5,301 | 7,198 | - | - | |
160/5 |
1,823 | 1,823 | 1,823 | 4,140 | 5,301 | 7,198 | - | - | |
163 |
1,823 | 1,823 | 1,823 | 4,140 | 5,301 | 7,198 | - | - | |
17/49 |
2,807 | 19,260 | 27,797 | 259,307 | 59,441 | 119,007 | - | - | |
42/48 |
2,807 | 19,260 | 27,797 | 259,307 | 59,441 | 119,007 | - | - | |
44 |
- | 16,299 | 19,019 | 73,371 | 30,541 | 75,649 | - | - | |
440/4 |
- | 16,299 | 19,019 | 73,371 | 30,541 | 75,649 | - | - | |
46 |
- | - | - | 165,648 | 7,130 | 37,494 | - | - | |
45 |
2,807 | 2,962 | 8,778 | 20,289 | 21,771 | 5,864 | - | - | |
450/3 |
2,807 | 2,962 | 8,778 | 17,689 | 12,371 | 5,864 | - | - | |
454/9 |
- | - | - | 2,600 | 9,400 | - | - | - | |
| Income statement | |||||||||
70 |
- | - | 74,644 | 165,606 | 212,051 | 288,061 | - | - | |
76A |
- | - | 1,660 | 1,161 | - | - | - | - | |
9900 |
-9,166 | -9,023 | 5,067 | 28,840 | 21,213 | 25,161 | - | - | |
60/61 |
- | - | 71,237 | 137,926 | 190,837 | 262,901 | - | - | |
630 |
- | - | 2,000 | 1,967 | 967 | 967 | - | - | |
635/8 |
- | - | - | - | -1,897 | 7,198 | - | - | |
640/8 |
30,722 | 131 | 694 | 1,391 | 1,398 | 1,221 | - | - | |
9901 |
-39,888 | -9,154 | 2,373 | 25,483 | 20,746 | 15,775 | - | - | |
75/76B |
- | - | 1,247 | 1,927 | 1,806 | 1,652 | - | - | |
75 |
- | - | 1,247 | 1,927 | 1,806 | 1,652 | - | - | |
65/66B |
187 | 364 | 177 | 135 | 210 | 176 | - | - | |
65 |
187 | 364 | 177 | 135 | 210 | 176 | - | - | |
9903 |
-40,075 | -9,518 | 3,443 | 27,274 | 22,343 | 17,252 | - | - | |
67/77 |
1,300 | 8,059 | 689 | 6,819 | 6,632 | 5,864 | - | - | |
9904 |
-41,375 | -17,577 | 2,754 | 20,456 | 15,711 | 11,388 | - | - | |
9905 |
-41,375 | -17,577 | 2,754 | 20,456 | 15,711 | 11,388 | - | - | |
| Appropriation of the result | |||||||||
9906 |
-21,625 | 55,723 | 62,787 | 45,695 | 25,239 | 11,388 | - | - | |
14P |
19,750 | 73,300 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | 1,860 | - | - | |
6920 |
- | - | - | - | - | 1,860 | - | - | |
| Document | |||||||||
Source: Annual accounts 2024 (PDF), filed on 26-11-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 26-11-2025 | 2025-00570992 | |
| 31-12-2022 | micro format | 05-09-2023 | 2023-00444761 | |
| 31-12-2020 | abbreviated format | 20-10-2021 | 2021-72400291 | |
| 31-12-2018 | full format | 24-09-2019 | 2019-67100180 | |
| 31-12-2017 | full format | 22-08-2018 | 2018-49800225 | |
| 31-12-2016 | full format | 27-09-2017 | 2017-65100379 | |
| 31-12-2015 | full format | 14-04-2016 | 2016-10000355 | |
| 31-12-2014 | full format | 14-04-2016 | 2016-10000421 |
| Line | Trend | 2024 | 2022 | 2020 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| - | - | 4,373 | 27,450 | 21,713 | 16,742 | - | - | ||
| - | - | 4,754 | 22,423 | 16,677 | 12,355 | - | - | ||
| - | - | - | 4,000 | 0 | 2,900 | - | - | ||
| - | - | - | 5,919 | 4,944 | - | - | - | ||
| 658 | 78,006 | 83,070 | 67,295 | 50,033 | 35,252 | - | - | ||
| - | - | 3.2% | 15.4% | 9.8% | 5.5% | - | - | ||
| - | 78.3% | 73.8% | 20.1% | 41.4% | 19.2% | 100.0% | 100.0% | ||
| - | 5.05 | 3.99 | 1.26 | 1.84 | 1.30 | - | - | ||
| - | 0.25 | 0.33 | 3.92 | 1.30 | 3.97 | - | - | ||
| - | -23.1% | 3.3% | 30.9% | 34.4% | 38.0% | - | - | ||
| - | -18.1% | 2.4% | 6.2% | 14.2% | 7.3% | - | - | ||
| - | - | 355 days | 642 days | 127 days | 166 days | - | - | ||
| - | - | 97 days | 194 days | 58 days | 105 days | - | - |
The ratios are withheld because a balance sheet total of €3,465 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
The operating result for 2024 is a loss of €39,888, against a loss of €9,154 in 2022. Comparable figures for the intervening years are unavailable.
Equity is negative. Debt (€2,807) exceeds the balance-sheet total (€3,465).
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Vijfhoekstraat 11 registered office 1800 Vilvoorde | ||
| Ridderstraat 49 1930 Zaventem 33140 Repair and maintenance of electrical equipment | 01-05-2016 | 2.287.845.463 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23094D0203/00F037 | 294 m² | 1 · 80 m² | 11.4 m · 3 |
| 23066A0152/00H000 | 84 m² | 1 · 63 m² | 9.8 m · 2 |
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