Checked.be
Active
BE 0844.163.482Private limited company
PRODUCTION ENGINEERING & MANAGEMENT
K.M.-Hendrikalaan 120 ·1190 Vorst, Belgium· 14 yrs active
Sector: Engineering and related technical consultancy, excluding land surveyors
(71121)
Conclusion
PRODUCTION ENGINEERING & MANAGEMENT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211k and a net result of €-259k. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 85% of 9197 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €211k |
| Net result | €-259k |
| Better than sector | 85% |
| Active | 14 yrs |
Financial profile
57
/ 100
Mixed profile: strong on solvency, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€11k
estimate, not credit advice
Score history
93
2022
86
2023
100
2024
52
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.23 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.23 (≥ 1.0)
+5
Leverage
Debt/equity 0.17 (< 1.0)
+10
Profitability
Negatieve ROE -123%
-10
Interest coverage
Interest coverage -2836.9× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 19-10-2025 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~7%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 85.8% | 54.7% | |
| Net result | €-259k | €17k | |
| Equity | €211k | €67k | |
| Gross operating margin | €76k | €40k | |
| Total assets | €246k | €142k |
€-255k
-
22-25
€-259k
-
22-25
€-254k
-
22-25
€246k
-52.0%
22-25
€211k
-55.1%
22-25
€112k
-13.3%
22-25
€0
-100.0%
22-25
€10k
-66.7%
22-25
€35k
-17.5%
22-25
€35k
-16.9%
22-25
4.23
+3.2%
22-25
4.23
+3.2%
22-25
85.8%
-6.5%
22-25
0.17
+83.8%
22-25
-122.8%
-
22-25
-105.4%
-
22-25
-2836.94
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €-255k | €76k | €60k | €78k |
| Net profit | €-259k | €48k | €41k | €55k |
| Cash flow | €-254k | €52k | €44k | €59k |
| Staff costs | - | - | - | - |
| Income taxes | €0 | €24k | €21k | €23k |
| Dividends | - | €10k | €30k | €14k |
| Total assets | €246k | €512k | €467k | €473k |
| Equity | €211k | €470k | €432k | €421k |
| Debt | €35k | €42k | €35k | €52k |
| of which ≤ 1y | €35k | €42k | €35k | €49k |
| of which > 1y | - | - | - | - |
| Working capital | €112k | €130k | €108k | €99k |
| Employees (FTE) | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (micro schema, full schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 4.23 | 4.10 | 4.06 | 3.02 |
| Quick ratio | 4.23 | 4.10 | 4.06 | 3.02 |
| Working capital ratio | 45.7% | 25.3% | 23.2% | 20.9% |
| Solvency | 85.8% | 91.8% | 92.4% | 89.0% |
| Debt / equity | 0.17 | 0.09 | 0.08 | 0.12 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | -2836.94 | 730.59 | 262.72 | 85.89 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -105.4% | 9.4% | 8.7% | 11.7% |
| ROE | -122.8% | 10.2% | 9.4% | 13.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €246k | €512k | €467k | €473k |
| Fixed assets | 21/28 | €99k | €340k | €324k | €325k |
| Formation expenses | 20 | €0 | €765 | - | - |
| Tangible fixed assets | 22/27 | €4k | €7k | €7k | €9k |
| Financial fixed assets | 28 | €95k | €333k | €316k | €316k |
| Current assets | 29/58 | €147k | €171k | €144k | €148k |
| Amounts receivable within one year | 40/41 | €56k | €56k | €35k | €37k |
| Cash & bank | 54/58 | €86k | €95k | €88k | €95k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €246k | €512k | €467k | €473k |
| Equity | 10/15 | €211k | €470k | €432k | €421k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €447k | €447k | €411k | €401k |
| Accumulated profits (losses) | 14 | €-255k | €4k | €2k | €1k |
| Amounts payable | 17/49 | €35k | €42k | €35k | €52k |
| Amounts payable within one year | 42/48 | €35k | €42k | €35k | €49k |
| Trade debts payable within one year | 44 | €3k | €5k | €2k | €467 |
| Income statement | |||||
| Gross operating margin | 9900 | €76k | €76k | €61k | €78k |
| Operating result | 9901 | €-260k | €72k | €57k | €75k |
| Financial income | 75 | €1k | €445 | €205 | €5k |
| Financial charges | 65 | €90 | €104 | €229 | €907 |
| Result before taxes | 9903 | €-259k | €72k | €62k | €79k |
| Income taxes | 67/77 | €0 | €24k | €21k | €23k |
| Net result for the period | 9904 | €-259k | €48k | €41k | €55k |
| Result to be appropriated | 9905 | €-259k | €48k | €41k | €55k |
Legal Structure
| NACE primary | Engineering and related technical consultancy, excluding land surveyors(71121) |
| Legal form | Private limited company(610) |
| Incorporation | 05-03-2012 |
| Status | Active |
| Postal code | 1190 |
Establishment units
K.M.-Hendrikalaan 120, 1190 Vorst
since 20122.207.913.901
Updates
Next filing, fiscal year 2026, expected by
2025
19-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Weakest financial yearnet €-259k ▼638%
Net result drops to €-259k, the lowest in the series.
2024
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
03-01
State Gazette act
Director changes
Jean-Louis Van Boxstael
2023
09-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
06-11
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 6 days late
2016
24-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2024
03-01-2024 Change in the board of directors
Notary:
Jean-Louis Van Boxstael · Bruxelles
Technical details
{
"events": [],
"notary": {
"name": "Jean-Louis Van Boxstael",
"firm_city": null,
"firm_name": null,
"office_city": "Bruxelles",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-01-03",
"filing_date": "2023-12-29",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2023-12-28",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-12-28",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-12-28",
"unanimous": true
},
{
"body": "algemene_vergadering",
"date": "2023-12-28",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0844.163.482",
"name_full": "PRODUCTION ENGINEERING \u0026 MANAGEMENT",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Jean-Louis Van Boxstael",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"exp\u00E9dition de l\u2019acte",
"statuts coordonn\u00E9s"
],
"corrected_publication_numac": null
}Credit advice
Company registry (CBE)
Activities
Engineering and related technical consultancy, excluding land surveyors71121
Names & trade names
| Legal nameFR | PRODUCTION ENGINEERING & MANAGEMENT |
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