NORTHA-ENGINEERING
ActiveSummary
NORTHA-ENGINEERING has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €51k. Equity is growing by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 46% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▼-11
Solvency71▼-29
Growth78=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 4.89 in 2024; short-term debt: 32.3% and cash: 13.1% of total assets), but 54.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.7%
Return on assets
16.1%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
21 d early
2024
on the day
2023
on the day
2022
2 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€147k=
2024 · €147k
Total assets
€320k▲ 66.3%
2024 · €193k
Net result
€51k▼ 0.3%
2024 · €52k
Working capital
€119k▼ 5.6%
2024 · €126k
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
Line2022202320242025
Operating result€69k-€62k▼ 10.3%€69k▲ 12.7%€65k▼ 6.6%
Net result€48k-€44k▼ 8.8%€52k▲ 17.7%€51k▼ 0.3%
Equity€51k-€95k▲ 85.8%€147k▲ 54.4%€147k=
Total assets€118k-€164k▲ 39.1%€193k▲ 17.8%€320k▲ 66.3%
Debt€66k-€69k▲ 3.2%€46k▼ 32.8%€174k▲ 277%
Working capital€41k-€78k▲ 88.8%€126k▲ 61.5%€119k▼ 5.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €320k
Fixed assets
€98k ▲ 190%
Current assets
€223k ▲ 40.2%
Equity and liabilities €320k
Equity
€147k =
Debt
€174k ▲ 277%
Debt's share of the balance-sheet total rises from 23.9% to 54.3%. Debt is higher.
Key figures and ratios
EBITDA
€86k▲
2024 · €80k
Cash flow
€73k▲
2024 · €63k
Current ratio
2.15▼
2024 · 4.89
Debt to equity
1.19▲
2024 · 0.31
ROE
35.1%▼
2024 · 35.2%
ROA
16.1%▼
2024 · 26.8%
Interest coverage
21.42▼
2024 · 121.82
Debt ≤ 1 year
€103k▲
2024 · €33k
Debt > 1 year
€70k▲
2024 · €14k
Income taxes
€17k▼
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €9k | €11k | €21k | ▲ 93.9% |
| Other operating charges640/8 | €1k | €542 | €2k | €11k | ▲ 536% |
| Gross operating margin9900 | €75k | €72k | €82k | €98k | ▲ 18.8% |
| Operating profit (loss)9901 | €69k | €62k | €69k | €65k | ▼ 6.6% |
| Financial income75/76B | €664 | €3k | €5k | €7k | ▲ 48.3% |
| Recurring financial income75 | €664 | €3k | €5k | €7k | ▲ 48.3% |
| Financial charges65/66B | €528 | €685 | €661 | €4k | ▲ 510% |
| Recurring financial charges65 | €528 | €685 | €661 | €4k | ▲ 510% |
| Profit (loss) for the period before taxes9903 | €69k | €64k | €74k | €68k | ▼ 7.5% |
| Income taxes67/77 | €21k | €20k | €22k | €17k | ▼ 24.3% |
| Profit (loss) for the period9904 | €48k | €44k | €52k | €51k | ▼ 0.3% |
| Profit (loss) for the period to be appropriated9905 | €48k | €44k | €52k | €51k | ▼ 0.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €118k | €164k | €193k | €320k | ▲ 66.3% |
| Fixed assets21/28 | €41k | €39k | €34k | €98k | ▲ 190% |
| Tangible fixed assets22/27 | €41k | €36k | €31k | €94k | ▲ 209% |
| Furniture and vehicles24 | €41k | €36k | €31k | €94k | ▲ 209% |
| Financial fixed assets28 | - | €3k | €3k | €3k | = |
| Current assets29/58 | €77k | €124k | €159k | €223k | ▲ 40.2% |
| Amounts receivable within one year40/41 | €30k | €66k | €114k | €167k | ▲ 47.3% |
| Trade receivables40 | €14k | €3k | €18k | €29k | ▲ 55.6% |
| Other amounts receivable41 | €16k | €63k | €95k | €139k | ▲ 45.7% |
| Cash at bank and in hand54/58 | €47k | €58k | €45k | €42k | ▼ 6.7% |
| Deferred charges and accrued income490/1 | - | €393 | €318 | €13k | ▲ 4,101% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €118k | €164k | €193k | €320k | ▲ 66.3% |
| Equity10/15 | €51k | €95k | €147k | €147k | = |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €48k | €92k | €144k | €144k | = |
| Distributable reserves133 | €48k | €92k | €144k | €144k | = |
| Amounts payable17/49 | €66k | €69k | €46k | €174k | ▲ 277% |
| Amounts payable after more than one year17 | €31k | €22k | €14k | €70k | ▲ 418% |
| Financial debts170/4 | €31k | €22k | €14k | €70k | ▲ 418% |
| Amounts payable within one year42/48 | €35k | €46k | €33k | €103k | ▲ 218% |
| Current portion of amounts payable after more than one year42 | €9k | €9k | €9k | €23k | ▲ 154% |
| Trade debts44 | - | €704 | €143 | €11k | ▲ 7,699% |
| Suppliers440/4 | - | €704 | €143 | €11k | ▲ 7,699% |
| Taxes, remuneration and social security45 | €27k | €37k | €24k | €18k | ▼ 22.3% |
| Taxes450/3 | €27k | €37k | €24k | €18k | ▼ 22.3% |
| Other amounts payable47/48 | - | - | - | €51k | - |
| Accrued charges and deferred income492/3 | - | €10 | €7 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €48k | €44k | €52k | €51k | ▼ 0.3% |
| + Depreciation and write-downs630 | €5k | €9k | €11k | €21k | ▲ 93.9% |
| Operating cash flow (approximation) | €53k | €53k | €63k | €73k | ▲ 16.3% |
| Investment in fixed assets (approximation) | - | €-8k | €-6k | €-85k | ▼ 1,415% |
| Change in cash | - | €11k | €-13k | €-3k | ▲ 77.3% |
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
Next filing, fiscal year 2026, expected by
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2022net €52k ▲17.7%
Operating result €69k, net result €52k, both a record.
30-09
Financial
Equity above €100kEq €147k ▲54.4%
3 profitable years in a row build equity to €147k.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet €44k ▼8.8%
Net result drops to €44k, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
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.
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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, Sint-Lambrechts-Woluwe · 1 establishment unit since 2021
Ground area
5,739 m²
Building footprint
638 m²
Volume, LiDAR
6,264 m³
Parcel 21672C0051/00D002, Brussels · tallest building 14.3 m, ±3 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
NORTHA-ENGINEERING
since 20212.321.759.237
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21672C0051/00D002 | Brussels | 5,739 m² | 1 · 638 m² | 14.3 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.
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Of 4,563 companies in sector 74999 we hold annual accounts for 1,934. 1,528 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
Founded13-09-2021
Fiscal year end30-09
Activities, NACEBEL 2025
74999Other professional, scientific and technical activities
68203Renting and operating of own or leased non-residential real estate, excluding land
94120Activities of professional membership organisations
Scores and ratios are computed by Checked and are not a credit decision.