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S2 ENGINEERING

Active
Private limited companyfounded 2025active for 1 yearPlace du Perron 23, 6030 Charleroi, BelgiumKBO/BCE: BE 1021.987.842
Summary

S2 ENGINEERING has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €55,242 and a net result of €5,242. Its solvency ranks better than 77% of 11,675 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€55,242
Total assets
€70,312
Net result
€5,242
Working capital
€25,619

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €70,312
Fixed assets €29,624
Current assets €40,688
Equity and liabilities €70,312
Equity €55,242
Debt €15,070
Debt finances 21.4% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
2.70
Quick ratio
2.51
Debt to equity
0.27
ROE
9.5%
ROA
7.5%
Debt ≤ 1 year
€15,070
Income taxes
€1,360
Staff costs
€18,047

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,280 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines
Balance sheet Code2025
Assets
Total assets20/58€70,312
Fixed assets21/28€29,624
Intangible fixed assets21€29,261
Financial fixed assets28€363
Current assets29/58€40,688
Stocks and contracts in progress3€2,825
Contracts in progress37€2,825
Amounts receivable within one year40/41€11,543
Trade receivables40€11,253
Other amounts receivable41€290
Cash at bank and in hand54/58€26,161
Deferred charges and accrued income490/1€160
Equity and liabilities
Total equity and liabilities10/49€70,312
Equity10/15€55,242
Contributions10/11€50,000
Profit (loss) carried forward14€5,242
Amounts payable17/49€15,070
Amounts payable within one year42/48€15,070
Trade debts44€7,313
Suppliers440/4€7,313
Taxes, remuneration and social security45€7,757
Taxes450/3€1,465
Remuneration and social security454/9€6,291
Income statement Code2025
Remuneration, social security and pensions62€18,047
Other operating charges640/8€250
Gross operating margin9900€24,926
Operating profit (loss)9901€6,629
Financial charges65/66B€27
Recurring financial charges65€27
Profit (loss) for the period before taxes9903€6,602
Income taxes67/77€1,360
Profit (loss) for the period9904€5,242
Profit (loss) for the period to be appropriated9905€5,242
Appropriation of the result
Profit (loss) to be appropriated9906€5,242

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€18,047
Other operating charges640/8€250
Gross operating margin9900€24,926
Operating profit (loss)9901€6,629
Financial charges65/66B€27
Recurring financial charges65€27
Profit (loss) for the period before taxes9903€6,602
Income taxes67/77€1,360
Profit (loss) for the period9904€5,242
Profit (loss) for the period to be appropriated9905€5,242
Line2025
Assets
Total assets20/58€70,312
Fixed assets21/28€29,624
Intangible fixed assets21€29,261
Financial fixed assets28€363
Current assets29/58€40,688
Stocks and contracts in progress3€2,825
Contracts in progress37€2,825
Amounts receivable within one year40/41€11,543
Trade receivables40€11,253
Other amounts receivable41€290
Cash at bank and in hand54/58€26,161
Deferred charges and accrued income490/1€160
Equity and liabilities
Total equity and liabilities10/49€70,312
Equity10/15€55,242
Contributions10/11€50,000
Profit (loss) carried forward14€5,242
Amounts payable17/49€15,070
Amounts payable within one year42/48€15,070
Trade debts44€7,313
Suppliers440/4€7,313
Taxes, remuneration and social security45€7,757
Taxes450/3€1,465
Remuneration and social security454/9€6,291
Line2025
Profit (loss) for the period9904€5,242
Operating cash flow (approximation)€5,242

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 22-05-2026 2026-00124442

Similar companies · same sector, comparable size

Of the 11,512 active companies whose main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121), figures are known for 6,713. 5,076 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.