PMC Engineering
ActiveSummary
PMC Engineering has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €131,972 and a net result of -€44,236. Equity has been stable since 2018 (±0.9% per year). Its solvency ranks better than 16% of 11,772 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 01-02-2001 Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyors NACE 71121and 1 other
- Establishment unit
- 2.100.167.388 8210 Zedelgem, since 25-01-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 12-11-2025
Board and ownership
- Goovaerts BartDirector · since 17-07-2006
- MARGO DESIGN3.69%· score 342025 annual accounts of MARGO DESIGN
- Holdings
- Shares in 4 companies including Zennsana and W-Design
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €35,688
- ▼ 57.0%
- Turnover
- ≈ €110,000
- estimated
- Loss
- €44,236
- ▲ 289×
- Equity
- €131,972
- ▼ 25.1%
- Total assets
- €1.1m
- ▼ 7.3%
Score breakdownraises risk2 of the last 3 accounts lateEquity €131,972 (11.5% of total assets)Liquidity: current ratio 0.13, cash €40,936, halvedlowers riskSize: total assets €1.1mShow the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 16% of them on solvency, 4% on liquidity, 15% on profitability and 18% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 56 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 25-07-2026 at the NBB all 24 filings
Every figure per financial year
The operating result for 2025 is a loss of €28,905, larger than the loss of €24,931 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €28,719 | €5,797 | €83,311 | - | €5,114 |
| Financial fixed assets | - | - | - | €115,000 | €150,000 |
| Depreciation and write-downs of the year | €160,038 | €130,508 | €126,196 | €95,044 | €56,922 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103,321 | €123,390 | €119,309 | €160,038 | €130,508 | €126,196 | €95,044 | €56,922 | ▼ 40.1% |
| Other operating charges640/8 | - | - | - | €8,013 | €4,816 | €23,732 | €5,276 | €7,672 | ▲ 45.4% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €7,638 | - | - |
| Gross operating margin9900 | €111,757 | €177,828 | €162,583 | €207,175 | €174,288 | €198,624 | €83,028 | €35,688 | ▼ 57.0% |
| Operating profit (loss)9901 | €1,445 | €47,610 | €24,982 | €39,124 | €38,964 | €48,696 | -€24,931 | -€28,905 | ▼ 15.9% |
| Financial income75/76B | - | - | - | €5,332 | €600 | €1,449 | €53,721 | €6,499 | ▼ 87.9% |
| Recurring financial income75 | €1,927 | €3,000 | €3,025 | €5,332 | €600 | €1,449 | €2,618 | €3,341 | ▲ 27.6% |
| Non-recurring financial income76B | - | - | - | - | - | - | €51,103 | €3,157 | ▼ 93.8% |
| Financial charges65/66B | - | - | - | €33,283 | €31,878 | €36,435 | €21,392 | €21,653 | ▲ 1.2% |
| Recurring financial charges65 | €38,835 | €35,199 | €33,830 | €33,283 | €31,878 | €36,435 | €21,392 | €21,653 | ▲ 1.2% |
| Profit (loss) for the period before taxes9903 | -€32,285 | €15,411 | -€5,823 | €11,173 | €7,686 | €13,711 | €7,398 | -€44,060 | - |
| Income taxes67/77 | €19 | €347 | €320 | €1,675 | €6,899 | €11,353 | €7,551 | €177 | ▼ 97.7% |
| Profit (loss) for the period9904 | -€32,304 | €15,064 | -€6,143 | €9,498 | €787 | €2,358 | -€153 | -€44,236 | ▼ 28,782% |
| Profit (loss) for the period to be appropriated9905 | -€32,304 | €15,064 | -€6,143 | €9,498 | €787 | €2,358 | -€153 | -€44,236 | ▼ 28,782% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.6m | €1.5m | €1.5m | €1.4m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 7.3% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.2m | €1.1m | €0.9m | €0.9m | €0.9m | €1.0m | ▲ 10.7% |
| Tangible fixed assets22/27 | €1.3m | €1.2m | €1.2m | €1.0m | €0.9m | €0.9m | €0.8m | €0.7m | ▼ 6.7% |
| Land and buildings22 | - | - | - | €0.9m | €0.8m | €0.8m | €0.7m | €0.6m | ▼ 8.0% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | €479 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.08m | €0.06m | €0.06m | €0.07m | ▲ 7.0% |
| Financial fixed assets28 | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | €0.03m | €0.1m | €0.3m | ▲ 104% |
| Current assets29/58 | €0.3m | €0.3m | €0.3m | €0.3m | €0.4m | €0.4m | €0.3m | €0.1m | ▼ 58.9% |
| Amounts receivable within one year40/41 | €0.09m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.08m | €0.07m | ▼ 3.7% |
| Trade receivables40 | - | - | - | €0.2m | €0.2m | €0.2m | €0.06m | €0.07m | ▲ 16.6% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.02m | €0.03m | €0.01m | €323 | ▼ 97.6% |
| Current investments50/53 | - | - | - | - | - | €0.05m | €0.05m | - | - |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | €0.06m | €0.1m | €0.2m | €0.06m | €0.2m | €0.04m | ▼ 77.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 11.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.5m | €1.4m | €1.3m | €1.3m | €1.2m | €1.1m | ▼ 7.3% |
| Equity10/15 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 25.1% |
| Contributions10/11 | €0.4m | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Profit (loss) carried forward14 | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.2m | -€0.3m | ▼ 20.1% |
| Amounts payable17/49 | €1.4m | €1.3m | €1.3m | €1.2m | €1.1m | €1.1m | €1.1m | €1.0m | ▼ 4.3% |
| Amounts payable after more than one year17 | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | - | - | - | - |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | - | - | - | - |
| Amounts payable within one year42/48 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €1.1m | €1.0m | €1.0m | ▼ 4.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.09m | €0.08m | - | - | - | - |
| Financial debts43 | - | - | - | €0.6m | €0.6m | €1.0m | €1.0m | €1.0m | ▼ 4.9% |
| Other loans439 | - | - | - | €0.6m | €0.6m | €1.0m | €1.0m | €1.0m | ▼ 4.9% |
| Trade debts44 | €0.02m | €0.01m | €0.03m | €0.009m | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 25.7% |
| Suppliers440/4 | - | - | - | €0.009m | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 25.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.009m | €0.01m | €0.01m | €0.003m | €0.006m | ▲ 96.8% |
| Taxes450/3 | - | - | - | €0.009m | €0.01m | €0.01m | €0.003m | €0.006m | ▲ 96.8% |
| Other amounts payable47/48 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.02m | €0.03m | €0.009m | €0.01m | ▲ 64.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€32,304 | €15,064 | -€6,143 | €9,498 | €787 | €2,358 | -€153 | -€44,236 | ▼ 28,782% |
| + Depreciation and write-downs630 | €103,321 | €123,390 | €119,309 | €160,038 | €130,508 | €126,196 | €95,044 | €56,922 | ▼ 40.1% |
| Operating cash flow (approximation) | €71,017 | €138,454 | €113,167 | €169,536 | €131,295 | €128,554 | €94,891 | €12,685 | ▼ 86.6% |
| Investment in fixed assets (approximation) | - | -€23,172 | -€132,917 | -€25,785 | -€5,797 | -€83,311 | -€115,000 | -€155,114 | ▼ 34.9% |
| Change in cash | - | -€100,191 | -€41,815 | €57,009 | €50,735 | -€108,675 | €119,589 | -€137,065 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,507 companies had the same profile as PMC Engineering has now. Two years later, 96.4% were still going and 1.6% had gone bankrupt.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PMC Engineering itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,507 companies, not a prediction for PMC Engineering. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-07-2026 | 2026-00330633 | |
| 31-12-2024 | micro format | 30-09-2025 | 2025-00530274 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00479127 | |
| 31-12-2022 | micro format | 26-07-2023 | 2023-00269265 | |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20439595 | |
| 31-12-2020 | micro format | 31-10-2021 | 2021-76500271 | |
| 31-12-2019 | micro format | 08-12-2020 | 2020-75200230 | |
| 31-12-2018 | micro format | 30-06-2019 | 2019-29900405 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-42800222 | |
| 31-12-2016 | micro format | 20-06-2017 | 2017-19200221 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerOwners 1
- Equity €115,857 Loss of €175,314 in 2025 (loss of €45,148 in 2024) Checked score 343.69%
Network & group
Holdings and subsidiaries
4 holdingsHoldings 4
Source for every holding own accounts 2025
- Equity -€34,919 Loss of €7,878 in 2025 (loss of €9,004 in 2024) Checked score 5410%
- Equity -€464,642 Loss of €36,760 in 2025 (loss of €55,087 in 2024) Checked score 535.38%
- Equity €115,857 Loss of €175,314 in 2025 (loss of €45,148 in 2024) Checked score 341.33%
- Equity -€1.6m Loss of €829,902 in 2025 (loss of €310,819 in 2024) Checked score 501.33%
Companies at the same address
2 other companiesConnections & network
1 current directorThe network starts from the directors of PMC Engineering. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31040D0221/00G002 | Flanders | 6,780 m² | 1 · 503 m² | 12.7 m · 2 |