Sense Engineering
ActiveSummary
Sense Engineering has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €82,741 and a net result of €12,417. Equity is growing by ~6% per year across the filed fiscal years. Its solvency ranks better than 10% of 32 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability71▼-12
Solvency38▼-22
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.73 in 2025; short-term debt: 34.9% and cash: 41.3% of total assets), and 86.9% of the assets are financed with debt.
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Signals
Six 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2026Solvency, return and age of the figures
Solvency
13.1%
Return on assets
2%
Age of the figures
6 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 32 sector peers (2026).
NBB · sector comparisonPosition among 32 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 02-07-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
121 d early
2025
134 d early
2024
120 d early
2023
138 d early
2022
129 d early
2021
44 d early
2020
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 101 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 24 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,417▼ 93.7%
2025 · €198,003
Working capital
€76,788▼ 85.4%
2025 · €526,274
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€481,228▲ 57.6%€439,234▼ 8.7%€457,621▲ 4.2%€284,182▼ 37.9%€6,382▼ 97.8%
Net result€342,887above the sector's middle half▲ 53.5%€313,926above the sector's middle half▼ 8.4%€325,717above the sector's middle half▲ 3.8%€198,003within the sector's middle half▼ 39.2%€12,417▼ 93.7%
Equity€498,223within the sector's middle half▲ 73.7%€567,302within the sector's middle half▲ 13.9%€648,405within the sector's middle half▲ 14.3%€603,945within the sector's middle half▼ 6.9%€82,741▼ 86.3%
Total assets€1.4mwithin the sector's middle half▲ 20.5%€1.6mwithin the sector's middle half▲ 9.3%€1.7mwithin the sector's middle half▲ 5.2%€1.7mwithin the sector's middle half▲ 2.2%€633,024▼ 62.8%
Debt€951,715▲ 3.9%€1.0m▲ 7.0%€1.0m▲ 0.1%€1.1m▲ 8.0%€550,283▼ 50.0%
Working capital€545,901within the sector's middle half▲ 88.6%€598,598within the sector's middle half▲ 9.7%€611,895within the sector's middle half▲ 2.2%€526,274within the sector's middle half▼ 14.0%€76,788▼ 85.4%
Solvency34.4%within the sector's middle half▲ 10.5pp35.8%within the sector's middle half▲ 1.4pp38.9%within the sector's middle half▲ 3.1pp35.4%within the sector's middle half▼ 3.4pp13.1%▼ 22.4pp
Current ratio2.20within the sector's middle half▲ 0.522.06within the sector's middle half▼ 0.142.05within the sector's middle half▼ 0.011.73within the sector's middle half▼ 0.321.35▼ 0.38
Return on assets (ROA)23.6%above the sector's middle half▲ 5.1pp19.8%above the sector's middle half▼ 3.8pp19.5%above the sector's middle half▼ 0.3pp11.6%within the sector's middle half▼ 7.9pp2.0%▼ 9.7pp
Staff (FTE)14within the sector's middle half▲ 29.6%15within the sector's middle half▲ 7.1%14.4within the sector's middle half▼ 4.0%14.9within the sector's middle half▲ 3.5%
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2026 Net result -94% on 2025. Partial demerger to SENSE ENVIRONNEMENT, Official Gazette 30-01-2026. The accounts now follow the abbreviated schema, last year the full schema.
- 2026 Equity -86%, Total assets -63% on 2025. Partial demerger to SENSE ENVIRONNEMENT, Official Gazette 30-01-2026.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2026 is 98% below 2025 and is the lowest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €633,024
Fixed assets
€335,290 ▼ 26.7%
Current assets
€297,734 ▼ 76.1%
Equity and liabilities €633,024
Equity
€82,741 ▼ 86.3%
Debt
€550,283 ▼ 50.0%
Debt's share of the balance-sheet total rises from 64.6% to 86.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€51,913▼
2025 · €363,132
Cash flow
€57,948▼
2025 · €276,953
Debt to equity
6.65▲
2025 · 1.82
ROE
15.0%▼
2025 · 32.8%
Interest coverage
13.88▼
2025 · 32.90
Debt ≤ 1 year
€220,946▼
2025 · €719,828
Debt > 1 year
€325,664▼
2025 · €379,969
Income taxes
€786▼
2025 · €83,302
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 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% | 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% 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 4,105 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
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €971,301 | €1.1m | €1.1m | €1.2m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €78,444 | €68,888 | €63,738 | €78,949 | €45,531 | ▼ 42.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €44,201 | - | - |
| Other operating charges640/8 | €5,038 | €7,975 | €13,088 | €12,793 | €5,999 | ▼ 53.1% |
| Gross operating margin9900 | €1.5m | €1.6m | €1.7m | €1.6m | €57,912 | ▼ 96.4% |
| Operating profit (loss)9901 | €481,228 | €439,234 | €457,621 | €284,182 | €6,382 | ▼ 97.8% |
| Financial income75/76B | €6,584 | €4,848 | €5,072 | €8,162 | €10,562 | ▲ 29.4% |
| Recurring financial income75 | €6,584 | €4,848 | €5,072 | €8,162 | €10,562 | ▲ 29.4% |
| Financial charges65/66B | €21,435 | €12,246 | €14,340 | €11,039 | €3,741 | ▼ 66.1% |
| Recurring financial charges65 | €21,435 | €12,246 | €14,340 | €11,039 | €3,741 | ▼ 66.1% |
| Profit (loss) for the period before taxes9903 | €466,377 | €431,836 | €448,354 | €281,305 | €13,204 | ▼ 95.3% |
| Income taxes67/77 | €123,490 | €117,910 | €122,637 | €83,302 | €786 | ▼ 99.1% |
| Profit (loss) for the period9904 | €342,887 | €313,926 | €325,717 | €198,003 | €12,417 | ▼ 93.7% |
| Transfer from tax-exempt reserves789 | €37,500 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €380,387 | €313,926 | €325,717 | €198,003 | €12,417 | ▼ 93.7% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.6m | €1.7m | €1.7m | €633,024 | ▼ 62.8% |
| Fixed assets21/28 | €448,954 | €423,163 | €474,566 | €457,640 | €335,290 | ▼ 26.7% |
| Intangible fixed assets21 | €1,127 | €2,730 | €4,811 | €22,876 | - | - |
| Tangible fixed assets22/27 | €447,827 | €420,433 | €469,755 | €434,764 | €335,290 | ▼ 22.9% |
| Land and buildings22 | €416,993 | €378,916 | €386,482 | €373,628 | €333,569 | ▼ 10.7% |
| Furniture and vehicles24 | €26,668 | €34,228 | €37,761 | €25,778 | €865 | ▼ 96.6% |
| Leasing and similar rights25 | - | - | €43,020 | €33,703 | - | - |
| Other tangible fixed assets26 | €4,166 | €3,329 | €2,492 | €1,655 | €856 | ▼ 48.3% |
| Assets under construction and advance payments27 | - | €3,960 | - | - | - | - |
| Current assets29/58 | €1.0m | €1.2m | €1.2m | €1.2m | €297,734 | ▼ 76.1% |
| Amounts receivable within one year40/41 | €574,653 | €434,950 | €505,271 | €821,765 | €36,290 | ▼ 95.6% |
| Trade receivables40 | €543,143 | €421,350 | €477,740 | €821,765 | €35,534 | ▼ 95.7% |
| Other amounts receivable41 | €31,510 | €13,600 | €27,532 | - | €756 | - |
| Cash at bank and in hand54/58 | €411,100 | €718,238 | €665,125 | €403,399 | €261,381 | ▼ 35.2% |
| Deferred charges and accrued income490/1 | €15,231 | €8,943 | €22,169 | €20,939 | €63 | ▼ 99.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.6m | €1.7m | €1.7m | €633,024 | ▼ 62.8% |
| Equity10/15 | €498,223 | €567,302 | €648,405 | €603,945 | €82,741 | ▼ 86.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €1,218 | ▼ 93.5% |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €122 | ▼ 93.5% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €1,860 | €1,860 | €122 | ▼ 93.5% |
| Profit (loss) carried forward14 | €432,380 | €506,305 | €592,022 | €550,026 | €48,423 | ▼ 91.2% |
| Investment grants15 | €45,383 | €40,537 | €35,923 | €33,459 | €32,979 | ▼ 1.4% |
| Amounts payable17/49 | €951,715 | €1.0m | €1.0m | €1.1m | €550,283 | ▼ 50.0% |
| Amounts payable after more than one year17 | €496,631 | €454,460 | €438,056 | €379,969 | €325,664 | ▼ 14.3% |
| Financial debts170/4 | €496,631 | €454,460 | €438,056 | €379,969 | €325,664 | ▼ 14.3% |
| Amounts payable within one year42/48 | €455,083 | €563,532 | €580,670 | €719,828 | €220,946 | ▼ 69.3% |
| Current portion of amounts payable after more than one year42 | €41,814 | €42,172 | €57,101 | €58,086 | €43,310 | ▼ 25.4% |
| Trade debts44 | €101,969 | €57,976 | €58,743 | €173,712 | €1,705 | ▼ 99.0% |
| Suppliers440/4 | €101,969 | €57,976 | €58,743 | €173,712 | €1,705 | ▼ 99.0% |
| Taxes, remuneration and social security45 | €185,401 | €223,279 | €224,616 | €247,715 | €21,058 | ▼ 91.5% |
| Taxes450/3 | €33,198 | €36,731 | €54,748 | €123,497 | €21,058 | ▼ 82.9% |
| Remuneration and social security454/9 | €152,203 | €186,548 | €169,868 | €124,217 | - | - |
| Other amounts payable47/48 | €125,900 | €240,105 | €240,210 | €240,315 | €154,873 | ▼ 35.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €3,673 | - |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €342,887 | €313,926 | €325,717 | €198,003 | €12,417 | ▼ 93.7% |
| + Depreciation and write-downs630 | €78,444 | €68,888 | €63,738 | €78,949 | €45,531 | ▼ 42.3% |
| Operating cash flow (approximation) | €421,331 | €382,814 | €389,455 | €276,953 | €57,948 | ▼ 79.1% |
| Investment in fixed assets (approximation) | - | -€43,097 | -€115,141 | -€62,023 | €76,819 | ▲ 224% |
| Change in cash | - | €307,138 | -€53,112 | -€261,727 | -€142,017 | ▲ 45.7% |
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
Next filing, fiscal year 2027, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2026 · abbreviated schema
31-03
Financial
Weakest financial yearnet €12,417 ▼93.7%
Net result drops to €12,417, the lowest in the series.
30-01
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments · Restructuring · MiscellaneousDemerger · Net-asset statement · Capital decrease8 facts ▸
State Gazette act
Capital & shares · Statutes amendment · Resignations & appointments · Restructuring · Miscellaneous
Demerger · Net-asset statement · Capital decrease8 facts ▸
- General meeting, 31-12-2025
- Demerger, partial, engineering
- Net-asset statement, 31-03-2025
- Capital decrease, €17.382,42
- Power of attorney, SENDEN Gérald
- Notary, 31-12-2025
- Report waiver, renonciation aux rapports de scission et de contrôle (art. 12:61, 12:62, 12:64 CSA)
- Power of attorney, Organe d'administration de SENSE ENGINEERING
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €500,000Eq €567,302 ▲13.9%
5 profitable years in a row build equity to €567,302.
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
31-03
Financial
Highest result since 2019net €342,887 ▲53.5%
Operating result €481,228, net result €342,887, both a record.
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wanze · 1 establishment unit since 2013
Ground area
208 m²
Building footprint
58 m²
Volume, LiDAR
428 m³
Parcel 61070A0258/00A002, Wallonia · tallest building 8.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SENSE ENGINEERING
since 20132.222.481.717
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61070A0258/00A002 | Wallonia | 208 m² | 1 · 58 m² | 8.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- GEZ
- Sense Engineering
Highest known parent: GEZ. The sources do not say who stands above it.
Owners 1
- GEZparentSourceaccounts GEZ 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionSplit off to:SENSE ENVIRONNEMENT
Capital and shareholders
Capital over the years
- 30-01-2026 Capital reduction of 17,382.42 EUR · transfer of engineering branch
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Of 11,573 companies in sector 71121 we hold annual accounts for 6,570. 5,187 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
Founded01-10-2013
Fiscal year end31-03
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Contact
E-mail
gse@sense-eng.be
Phone
0484/25 73 56
E-invoicing
Reachable via Peppol
Peppol ID
0208:0539822519
Also
9925:BE0539822519
Registered
24-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.