PFC ENGINEERING
ActiveSummary
PFC ENGINEERING has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72,484 and a net result of -€7,212. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 1938 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability44▼-13
Solvency33▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.95 against 1.06 in 2023; short-term debt: 31.7% of total assets), and 91.6% of the assets are financed with debt.
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Signals
Seven 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
8.4%
Return on assets
-0.8%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 1938 sector peers (2024).
NBB · sector comparisonPosition among 1938 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-09-2025, 59 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d late
2023
63 d late
2022
60 d late
2021
31 d late
2020
18 d late
2019
34 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 days after 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€7,212
2023 · €23,409
Working capital
-€12,889
2023 · €16,653
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
Line20202021202220232024
Operating result€7,338▼ 74.2%€45,439▲ 519%€63,283▲ 39.3%€63,094▼ 0.3%€31,721▼ 49.7%
Net result-€7,813€32,827€33,948▲ 3.4%€23,409▼ 31.0%-€7,212
Equity-€10,488▼ 292%€22,339€56,287▲ 152%€79,696▲ 41.6%€72,484▼ 9.0%
Total assets€1.0m▼ 3.3%€967,136▼ 4.5%€942,892▼ 2.5%€891,997▼ 5.4%€858,533▼ 3.8%
Debt€1.0m▼ 2.5%€944,797▼ 7.7%€886,605▼ 6.2%€812,301▼ 8.4%€786,049▼ 3.2%
Working capital-€46,441▲ 10.6%-€59,851▼ 28.9%-€8,545▲ 85.7%€16,653-€12,889
Staff (FTE)1.6▼ 15.8%1.6=1.6=1.6=1.6=
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 50% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €858,533
Fixed assets
€599,381 ▼ 2.6%
Current assets
€259,152 ▼ 6.2%
Equity and liabilities €858,533
Equity
€72,484 ▼ 9.0%
Debt
€786,049 ▼ 3.2%
Debt's share of the balance-sheet total rises from 91.1% to 91.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€104,887▼
2023 · €141,095
Cash flow
€65,953▼
2023 · €101,410
Current ratio
0.95▼
2023 · 1.06
Debt to equity
10.84▲
2023 · 10.19
ROE
-10.0%▼
2023 · 29.4%
ROA
-0.8%▼
2023 · 2.6%
Interest coverage
3.21▼
2023 · 4.21
Debt ≤ 1 year
€272,041▲
2023 · €259,665
Debt > 1 year
€481,654▼
2023 · €495,151
Income taxes
€6,209=
2023 · €6,209
Staff costs
€126,494▲
2023 · €120,211
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €112,758 | €104,724 | €120,211 | €126,494 | ▲ 5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,055 | €66,555 | €75,424 | €78,001 | €73,165 | ▼ 6.2% |
| Other operating charges640/8 | - | €7,765 | €7,714 | €11,444 | €8,818 | ▼ 22.9% |
| Gross operating margin9900 | €176,647 | €232,518 | €251,146 | €272,749 | €240,199 | ▼ 11.9% |
| Operating profit (loss)9901 | €7,338 | €45,439 | €63,283 | €63,094 | €31,721 | ▼ 49.7% |
| Financial charges65/66B | - | €12,347 | €29,335 | €33,476 | €32,725 | ▼ 2.2% |
| Recurring financial charges65 | €15,151 | €12,347 | €29,335 | €33,476 | €32,725 | ▼ 2.2% |
| Profit (loss) for the period before taxes9903 | -€7,813 | €33,092 | €33,948 | €29,618 | -€1,004 | ▼ 103% |
| Income taxes67/77 | - | €265 | - | €6,209 | €6,209 | = |
| Profit (loss) for the period9904 | -€7,813 | €32,827 | €33,948 | €23,409 | -€7,212 | ▼ 131% |
| Profit (loss) for the period to be appropriated9905 | -€7,813 | €32,827 | €33,948 | €23,409 | -€7,212 | ▼ 131% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €967,136 | €942,892 | €891,997 | €858,533 | ▼ 3.8% |
| Fixed assets21/28 | €734,720 | €698,030 | €642,640 | €615,679 | €599,381 | ▼ 2.6% |
| Tangible fixed assets22/27 | €734,720 | €698,030 | €642,640 | €615,679 | €599,381 | ▼ 2.6% |
| Land and buildings22 | - | €553,647 | €529,937 | €506,231 | €482,525 | ▼ 4.7% |
| Plant, machinery and equipment23 | - | €19,522 | €21,241 | €15,111 | €7,643 | ▼ 49.4% |
| Furniture and vehicles24 | - | €19,903 | €12,466 | €5,021 | €48,886 | ▲ 874% |
| Other tangible fixed assets26 | - | €104,958 | €78,996 | €89,316 | €60,327 | ▼ 32.5% |
| Current assets29/58 | €278,060 | €269,106 | €300,253 | €276,318 | €259,152 | ▼ 6.2% |
| Amounts receivable within one year40/41 | €218,377 | €156,209 | €242,059 | €263,386 | €188,567 | ▼ 28.4% |
| Trade receivables40 | - | €149,253 | €202,623 | €237,840 | €155,832 | ▼ 34.5% |
| Other amounts receivable41 | - | €6,957 | €39,436 | €25,546 | €32,736 | ▲ 28.1% |
| Cash at bank and in hand54/58 | €59,683 | €112,897 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €58,194 | €12,932 | €70,585 | ▲ 446% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €967,136 | €942,892 | €891,997 | €858,533 | ▼ 3.8% |
| Equity10/15 | -€10,488 | €22,339 | €56,287 | €79,696 | €72,484 | ▼ 9.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €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 | = |
| Legal reserve130 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€30,948 | €1,879 | €35,827 | €59,236 | €52,024 | ▼ 12.2% |
| Amounts payable17/49 | €1.0m | €944,797 | €886,605 | €812,301 | €786,049 | ▼ 3.2% |
| Amounts payable after more than one year17 | €656,287 | €601,339 | €549,009 | €495,151 | €481,654 | ▼ 2.7% |
| Financial debts170/4 | - | €601,339 | €549,009 | €495,151 | €481,654 | ▼ 2.7% |
| Amounts payable within one year42/48 | €324,501 | €328,958 | €308,798 | €259,665 | €272,041 | ▲ 4.8% |
| Current portion of amounts payable after more than one year42 | - | €54,948 | €53,059 | €53,858 | €56,157 | ▲ 4.3% |
| Trade debts44 | €13,716 | €44,046 | €73,624 | €55,314 | €85,010 | ▲ 53.7% |
| Suppliers440/4 | - | €44,046 | €73,624 | €55,314 | €85,010 | ▲ 53.7% |
| Taxes, remuneration and social security45 | - | €11,922 | €12,283 | €10,873 | €11,765 | ▲ 8.2% |
| Remuneration and social security454/9 | - | €11,922 | €12,283 | €10,873 | €11,765 | ▲ 8.2% |
| Other amounts payable47/48 | - | €218,043 | €169,831 | €139,621 | €119,109 | ▼ 14.7% |
| Accrued charges and deferred income492/3 | - | €14,500 | €28,798 | €57,484 | €32,354 | ▼ 43.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,813 | €32,827 | €33,948 | €23,409 | -€7,212 | ▼ 131% |
| + Depreciation and write-downs630 | €70,055 | €66,555 | €75,424 | €78,001 | €73,165 | ▼ 6.2% |
| Operating cash flow (approximation) | €62,241 | €99,383 | €109,372 | €101,410 | €65,953 | ▼ 35.0% |
| Investment in fixed assets (approximation) | - | -€29,865 | -€20,034 | -€51,041 | -€56,867 | ▼ 11.4% |
| Change in cash | - | €53,214 | - | - | - | - |
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
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 59 days late
2024
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 63 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Highest result since 2018net €33,948 ▲3.4%
Operating result €63,283, net result €33,948, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Back to profitnet €32,827
Net result €32,827 after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 34 days late
2019
31-12
Financial
Back to profitnet €3,560
Net result €3,560 after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
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.
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Directors · office · real estate
Directors
3 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, Ukkel · 2 establishment units since 2016
Ground area
8,064 m²
Building footprint
819 m²
Volume, LiDAR
10,413 m³
2 parcels, Brussels, Flanders · tallest building 19.3 m, ±5 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
*
since 20162.258.409.725
PFC ENGINEERING
since 20182.285.534.091
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614F0036/00M000 | Brussels | 7,496 m² | 1 · 679 m² | 19.3 m · 5 fl. |
| 23003A0193/00S002 | Flanders | 569 m² | 1 · 139 m² | 9.2 m · 2 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.
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,563. 5,138 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
Founded18-03-2004
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.