S2 ENGINEERING
ActiveSummary
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 11,726 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 0.5 FTE
- Equity
- €55,242
- Profit
- €5,242
Why 93raises risk1 change of registered office in 24 monthslowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 2.70, cash €26,161Equity €55,242 (78.6% of total assets)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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): better than 87% on solvency, 81% on liquidity and 23% on profitability.
The bankruptcy probability was computed on 28-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Searched, nothing found (1)
- Registered officeRegistered-office move
- Annual accounts filedfinancial year 2025 · micro…
- IncorporationAppointment: Vincent PIRNAY (director) ·…
Financials · financial year 2025, micro format
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Peer companies
Historical observationOf the 11,279 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
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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
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 11,279 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.
| Line | 2025 |
|---|---|
| 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 |
| Line | 2025 | |
|---|---|---|
| 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 | |
| Line | 2025 |
|---|---|
| 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.
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
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Vincent PIRNAY |
|
Owners and capital
Owners
1 ownerChain of control
- Fairway-Tech
- S2 ENGINEERING
Highest known parent: Fairway-Tech. The sources do not say who stands above it.
Owners 1
- Fairway-Techparent100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- FAIRWAY-TECH (BE 0715.599.187) 500 shares (100%) · €50,000
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 08-04-2025 Incorporation · €50,000 · 500 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
26-08
Gazette deed
Registered officeRegistered-office move2 facts ▸
- General meeting, 20-05-2026
- Registered-office move, Place du Perron 23 à 6030 Charleroi
08-04
Gazette deed
IncorporationAppointment: Vincent PIRNAY (director) · Registered office clause · Founder6 facts ▸
- Registered office clause, “6000 Charleroi, rue du Parc”, 47 (deed in French)
- Director appointment, Vincent PIRNAY (director (not named in the articles))
- Incorporation, 04-04-2025
- Founder, FAIRWAY-TECH (constituant)
- Founding capital, €50,000
- Bank account, “apport libéré par versement en espèces, société en formation” (deed in French)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52044B0290/00G000 | Wallonia | 837 m² | 1 · 257 m² | 12.4 m · 3 |
| 52011B0239/00W143 | Wallonia | 192 m² | 1 · 96 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- S2 ENGINEERING
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, organe d'administration établit ou supprime sièges administratifs,d'exploitation,agences et succursales en Belgique ou à…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Administration-nomination, un ou plusieurs administrateurs” (deed in French)“Pouvoirs d'administration, chaque administrateur agissant seul peut accomplir tous actes nécessaires ou utiles à l'objet” (deed in French)“Fixe ou proportionnelle, rémunération administrateur” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, 500” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Tenus solliciter agrément mêmes formalités si non actionnaires de plein droit, actions dont cession proposée” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Courrier électronique avec accusé réception,ou courrier recommandé même jour si sans adresse électronique, offertes par priorité aux…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Wednesday of May at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Articles 2:87 et suivants CSA, assemblée générale” (deed in French)