SHARPENSET ENGINEERING
ActiveSHARPENSET ENGINEERING has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €219k and a net result of €37k. Equity is growing by ~18.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 15868 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability55▼-10
Solvency52▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.93 in 2023; short-term debt: 29.6% and cash: 0.5% of total assets), and 73.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
3 d early
2023
1 d early
2022
28 d late
2021
30 d late
2020
31 d late
2019
95 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€219k▲ 11.3%
2023 · €197k
2018: €85k
2019: €104k
2020: €119k
2021: €122k
2022: €155k
2023: €197k
2018 → 2024
Total assets
€820k▼ 4.7%
2023 · €861k
2018: €182k
2019: €288k
2020: €351k
2021: €731k
2022: €698k
2023: €861k
2018 → 2024
Net result
€37k▼ 34.9%
2023 · €57k
2018: €23k
2019: €46k
2020: €14k
2021: €4k
2022: €51k
2023: €57k
2018 → 2024
Working capital
€-435▲ 97.8%
2023 · €-20k
2018: €79k
2019: €101k
2020: €104k
2021: €-40k
2022: €-27k
2023: €-20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€119k-€122k▲ 3.1%€155k▲ 26.6%€197k▲ 27.2%€219k▲ 11.3%
Operating result€13k-€20k▲ 52.3%€95k▲ 373%€106k▲ 11.3%€77k▼ 27.0%
Net result€14k-€4k▼ 74.8%€51k▲ 1,291%€57k▲ 13.2%€37k▼ 34.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 27% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €820k
Fixed assets
€578k▼ 3.8%
Current assets
€242k▼ 7.0%
Equity and liabilities €820k
Equity
€219k▲ 11.3%
Debt
€601k▼ 9.5%
The debt ratio falls from 77.1% to 73.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€105k▼
2023 · €124k
Cash flow
€65k▼
2023 · €75k
Solvency
26.7%▲
2023 · 22.9%
Current ratio
1.00▲
2023 · 0.93
Quick ratio
1.00▲
2023 · 0.93
Debt / equity
2.74▼
2023 · 3.37
ROE
17.0%▼
2023 · 29.0%
ROA
4.5%▼
2023 · 6.6%
Interest coverage
3.69▼
2023 · 4.56
Debt
€601k▼
2023 · €664k
Debt ≤ 1 year
€243k▼
2023 · €281k
Debt > 1 year
€358k▼
2023 · €384k
Income taxes
€12k▼
2023 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€861k€820k▼
Fixed assets21/28€601k€578k▼
Tangible fixed assets22/27€601k€578k▼
Land and buildings22€534k€523k▼
Plant, machinery and equipment23€17k€14k▼
Furniture and vehicles24€50k€40k▼
Current assets29/58€261k€242k▼
Amounts receivable within one year40/41€220k€239k▲
Trade receivables40€153k€154k▲
Other amounts receivable41€67k€85k▲
Cash at bank and in hand54/58€41k€4k▼
Equity and liabilities
Total equity and liabilities10/49€861k€820k▼
Equity10/15€197k€219k▲
Contributions10/11€10k€10k=
Reserves13€187k€209k▲
Tax-exempt reserves132€8k€8k=
Distributable reserves133€179k€201k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€664k€601k▼
Amounts payable after more than one year17€384k€358k▼
Financial debts170/4€384k€358k▼
Amounts payable within one year42/48€281k€243k▼
Current portion of amounts payable after more than one year42€10k€19k▲
Financial debts43-€3k
Credit institutions430/8-€3k
Trade debts44€112k€33k▼
Suppliers440/4€112k€33k▼
Advances received on contracts in progress46€0€33k▲
Taxes, remuneration and social security45€23k€22k▼
Taxes450/3€23k€22k▼
Other amounts payable47/48€135k€132k▼
Accrued charges and deferred income492/3€0€396▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€28k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€125k€107k▼
Operating profit (loss)9901€106k€77k▼
Financial income75/76B€879€1k▲
Recurring financial income75€879€1k▲
Financial charges65/66B€27k€28k▲
Recurring financial charges65€27k€28k▲
Profit (loss) for the period before taxes9903€79k€50k▼
Income taxes67/77€22k€12k▼
Profit (loss) for the period9904€57k€37k▼
Profit (loss) for the period to be appropriated9905€57k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€57k€37k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€42k€22k▼
To other reserves6921€42k€22k▼
Profit to be distributed694/7€15k€15k=
Directors or managers695€15k€15k=
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €219k ▲11.3%
7 profitable years in a row build equity to €219k.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €57k ▲13.2%
Operating result €106k, net result €57k, both a record.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Equity above €150kEq €155k ▲26.6%
5 profitable years in a row build equity to €155k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Weakest financial yearnet €4k ▼74.8%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
31-12
Financial
Equity above €100kEq €104k ▲22.4%
2 profitable years in a row build equity to €104k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
07-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 68 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Torhout · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koolskampstraat 348820 TorhoutGround area
3,220 m²
Building footprint
344 m²
Volume, LiDAR
1,372 m³
Parcel 31523E0254/00K000, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SHARPENSET ENGINEERING
since 20032.114.787.961
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523E0254/00K000 | Flanders | 3,220 m² | 1 · 344 m² | 7.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 4,500 EUR awarded · 4,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 4,500 EUR | 4,500 EUR |
Schemes
Subsidies voor internationaal ondernemen
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Of 136 companies in sector 46641 we hold annual accounts for 86. 63 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-07-2002
Fiscal year end31-12
Activities, NACEBEL
46641Wholesale trade
79110Travel agency activities
33120Repair and maintenance of machinery
63303
70100Activities of head offices
71121Engineering and related technical consultancy, excluding land surveyors
71209Other technical testing and analysis
79901Tourist information services
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.