NPA Engineering
ActiveSummary
NPA Engineering has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,724 and a net result of €60,768. Equity is shrinking by ~17.3% per year across the filed fiscal years. Its solvency ranks better than 14% of 9557 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+8
Solvency33=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.23 in 2024; short-term debt: 79% and cash: 11.6% of total assets), and 92% 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 · 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
8%
Return on assets
20.4%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 9557 sector peers (2025).
NBB · sector comparisonPosition among 9557 sector peers
Solvency
better than 14%
← weakest
strongest →
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 27-04-2026, 3 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
3 d early
2024
31 d late
2023
on the day
2022
121 d early
2021
25 d early
2020
18 d early
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€23,724▲ 3.3%
2024 · €22,956
Total assets
€298,278▲ 4.6%
2024 · €285,232
Net result
€60,768▲ 58.7%
2024 · €38,297
Working capital
-€169,691▲ 0.2%
2024 · -€170,065
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€28,651▼ 35.1%€45,080▲ 57.3%€42,122▼ 6.6%€48,423▲ 15.0%€85,924▲ 77.4%
Net result€21,667within the sector's middle half▼ 37.5%€35,787within the sector's middle half▲ 65.2%€30,260within the sector's middle half▼ 15.4%€38,297within the sector's middle half▲ 26.6%€60,768above the sector's middle half▲ 58.7%
Equity€115,709within the sector's middle half▲ 23.0%€22,696within the sector's middle half▼ 80.4%€22,956within the sector's middle half▲ 1.1%€22,956within the sector's middle half=€23,724within the sector's middle half▲ 3.3%
Total assets€202,857within the sector's middle half▲ 62.6%€137,823within the sector's middle half▼ 32.1%€281,359within the sector's middle half▲ 104%€285,232within the sector's middle half▲ 1.4%€298,278within the sector's middle half▲ 4.6%
Debt€87,149▲ 184%€115,127▲ 32.1%€258,403▲ 124%€262,276▲ 1.5%€274,554▲ 4.7%
Working capital€106,985within the sector's middle half▲ 18.4%€10,908within the sector's middle half▼ 89.8%-€142,290below the sector's middle half-€170,065below the sector's middle half▼ 19.5%-€169,691below the sector's middle half▲ 0.2%
Solvency57.0%within the sector's middle half▼ 18.3pp16.5%below the sector's middle half▼ 40.6pp8.2%below the sector's middle half▼ 8.3pp8.0%below the sector's middle half▼ 0.1pp8.0%below the sector's middle half▼ 0.1pp
Current ratio4.25above the sector's middle half▲ 0.301.17within the sector's middle half▼ 3.080.33below the sector's middle half▼ 0.840.23below the sector's middle half▼ 0.100.28below the sector's middle half▲ 0.05
Return on assets (ROA)10.7%within the sector's middle half▼ 17.1pp26.0%above the sector's middle half▲ 15.3pp10.8%within the sector's middle half▼ 15.2pp13.4%within the sector's middle half▲ 2.7pp20.4%within the sector's middle half▲ 6.9pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 77% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €298,278
Fixed assets
€232,189 ▼ 1.5%
Current assets
€66,089 ▲ 33.5%
Equity and liabilities €298,278
Equity
€23,724 ▲ 3.3%
Debt
€274,554 ▲ 4.7%
Debt's share of the balance-sheet total rises from 92.0% to 92.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€91,895▲
2024 · €51,306
Cash flow
€66,738▲
2024 · €41,179
Debt to equity
11.57▲
2024 · 11.43
ROE
256.1%▲
2024 · 166.8%
Interest coverage
85.68▲
2024 · 46.28
Debt ≤ 1 year
€235,779▲
2024 · €219,557
Debt > 1 year
€38,774▼
2024 · €42,719
Income taxes
€25,287▲
2024 · €10,379
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,006 | €201 | €366 | €2,882 | €5,970 | ▲ 107% |
| Other operating charges640/8 | €311 | €980 | €817 | €720 | €917 | ▲ 27.2% |
| Gross operating margin9900 | €39,969 | €46,261 | €43,305 | €52,026 | €92,811 | ▲ 78.4% |
| Operating profit (loss)9901 | €28,651 | €45,080 | €42,122 | €48,423 | €85,924 | ▲ 77.4% |
| Financial income75/76B | €0 | €1,645 | €686 | €1,361 | €1,203 | ▼ 11.6% |
| Recurring financial income75 | €0 | €1,645 | €686 | €1,361 | €1,203 | ▼ 11.6% |
| Financial charges65/66B | €1,108 | €1,087 | €1,043 | €1,109 | €1,073 | ▼ 3.2% |
| Recurring financial charges65 | €1,108 | €1,087 | €1,043 | €1,109 | €1,073 | ▼ 3.2% |
| Profit (loss) for the period before taxes9903 | €27,544 | €45,638 | €41,765 | €48,676 | €86,055 | ▲ 76.8% |
| Income taxes67/77 | €5,877 | €9,850 | €11,505 | €10,379 | €25,287 | ▲ 144% |
| Profit (loss) for the period9904 | €21,667 | €35,787 | €30,260 | €38,297 | €60,768 | ▲ 58.7% |
| Profit (loss) for the period to be appropriated9905 | €21,667 | €35,787 | €30,260 | €38,297 | €60,768 | ▲ 58.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €202,857 | €137,823 | €281,359 | €285,232 | €298,278 | ▲ 4.6% |
| Fixed assets21/28 | €62,917 | €62,216 | €211,850 | €235,740 | €232,189 | ▼ 1.5% |
| Tangible fixed assets22/27 | €62,917 | €62,216 | €61,850 | €85,740 | €82,189 | ▼ 4.1% |
| Land and buildings22 | €61,250 | €61,250 | €61,250 | €61,250 | €61,250 | = |
| Plant, machinery and equipment23 | €1,476 | - | - | - | - | - |
| Furniture and vehicles24 | €191 | €966 | €600 | €24,490 | €20,939 | ▼ 14.5% |
| Financial fixed assets28 | - | - | €150,000 | €150,000 | €150,000 | = |
| Current assets29/58 | €139,940 | €75,607 | €69,509 | €49,492 | €66,089 | ▲ 33.5% |
| Stocks and contracts in progress3 | €3,324 | - | - | - | - | - |
| Stocks30/36 | €3,324 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €87,535 | €38,374 | €19,874 | €29,558 | €28,946 | ▼ 2.1% |
| Trade receivables40 | €22,535 | €38,374 | €19,874 | €29,558 | €28,946 | ▼ 2.1% |
| Other amounts receivable41 | €65,000 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €48,315 | €36,434 | €48,789 | €17,685 | €34,513 | ▲ 95.2% |
| Deferred charges and accrued income490/1 | €766 | €799 | €847 | €2,250 | €2,630 | ▲ 16.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €202,857 | €137,823 | €281,359 | €285,232 | €298,278 | ▲ 4.6% |
| Equity10/15 | €115,709 | €22,696 | €22,956 | €22,956 | €23,724 | ▲ 3.3% |
| Contributions10/11 | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | €12,400 | €18,600 | - | - | - | - |
| Other1109/19 | €12,400 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €101,449 | €2,236 | €2,496 | €2,496 | €3,264 | ▲ 30.8% |
| Amounts payable17/49 | €87,149 | €115,127 | €258,403 | €262,276 | €274,554 | ▲ 4.7% |
| Amounts payable after more than one year17 | €54,193 | €50,428 | €46,603 | €42,719 | €38,774 | ▼ 9.2% |
| Financial debts170/4 | €54,193 | €50,428 | €46,603 | €42,719 | €38,774 | ▼ 9.2% |
| Amounts payable within one year42/48 | €32,955 | €64,699 | €211,799 | €219,557 | €235,779 | ▲ 7.4% |
| Current portion of amounts payable after more than one year42 | €3,708 | €3,766 | €3,824 | €3,884 | €3,945 | ▲ 1.6% |
| Trade debts44 | €153 | - | €308 | €2,301 | €1,452 | ▼ 36.9% |
| Suppliers440/4 | €153 | - | €308 | €2,301 | €1,452 | ▼ 36.9% |
| Taxes, remuneration and social security45 | €15,255 | €16,868 | €13,856 | €17,569 | €10,373 | ▼ 41.0% |
| Taxes450/3 | €15,255 | €16,868 | €13,856 | €17,569 | €10,373 | ▼ 41.0% |
| Other amounts payable47/48 | €13,839 | €44,065 | €193,811 | €195,803 | €220,010 | ▲ 12.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,667 | €35,787 | €30,260 | €38,297 | €60,768 | ▲ 58.7% |
| + Depreciation and write-downs630 | €11,006 | €201 | €366 | €2,882 | €5,970 | ▲ 107% |
| Operating cash flow (approximation) | €32,673 | €35,989 | €30,626 | €41,179 | €66,738 | ▲ 62.1% |
| Investment in fixed assets (approximation) | - | €500 | -€150,000 | -€26,772 | -€2,420 | ▲ 91.0% |
| Change in cash | - | -€11,881 | €12,355 | -€31,104 | €16,828 | ▲ 154% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2019net €60,768 ▲58.7%
Operating result €85,924, net result €60,768, both a record.
31-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €21,667 ▼37.5%
Net result drops to €21,667, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €100,000Eq €115,709 ▲23%
3 profitable years in a row build equity to €115,709.
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Wavre · 1 establishment unit since 2018
Ground area
1,155 m²
Building footprint
176 m²
Volume, LiDAR
1,284 m³
2 parcels, Wallonia · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
NPA Engineering
since 20182.272.218.565
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25056B0293/00K003 | Wallonia | 860 m² | 1 · 104 m² | 8.5 m · 2 fl. |
| 25112L0037/00N003 | Wallonia | 295 m² | 1 · 72 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 30-09-2025 list no shareholders, and no other source names one.
Holdings 1
-
20%
According to the annual accounts to 30-09-2025 of NPA Engineering and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 4,207 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
Founded02-01-2018
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0686978744
Registered
02-02-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.