SKALD ENGINEERING · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SKALD ENGINEERING is 0.4% (very low). The 2025 annual accounts show equity of €626k and a net result of €534k. Equity is growing by ~56.5% per year across the filed fiscal years. Its solvency ranks better than 51% of 110 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Signals

1 signal · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	10-06-2026	51 d early	2026-00154424
31-12-2024	31-07-2025	10-07-2025	21 d early	2025-00259790
31-12-2023	31-07-2024	10-06-2024	51 d early	2024-00127847
31-12-2022	31-07-2023	10-07-2023	21 d early	2023-00225353
31-12-2021	31-07-2022	31-08-2022	31 d late	2022-20407345

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

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.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Young company +Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€534k+44.7%

Working capital€554k+6.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 10-06-2026 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~56.5%/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, Architecture & engineering · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	37.5%	36.8%	better than 51% of 110 sector peers
Net result	€534k	€23k	better than 95% of 110 sector peers
Equity	€626k	€119k	better than 87% of 110 sector peers
Gross operating margin	€1.45M	€86k	better than 95% of 110 sector peers
Staff costs	€690k	€207k	higher than 85% of 44 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P51

Improving position over 2021-2025 · n=110-304

Net result P95

Improving position over 2021-2025 · n=110-304

Equity P87

Improving position over 2021-2025 · n=110-304

Gross operating margin P95

Improving position over 2021-2025 · n=110-302

Describes the position versus peers, not a forecast.

EBITDA

€753k

+43.3% 21-25

Net profit

€534k

+44.7% 21-25

Cash flow

€562k

+42.4% 21-25

Total assets

€1.67M

+50.1% 21-25

Equity

€626k

+5.8% 21-25

Working capital

€554k

+6.3% 21-25

Employees (FTE)

9

+31.0% 21-25

Staff costs

€690k

+15.5% 21-25

Show 12 other metrics

Income taxes

€189k

+41.5% 21-25

Dividends

€500k

+170.3% 21-25

Debt

€1.04M

+100.6% 21-25

Debt ≤ 1y

€1.04M

+100.7% 21-25

Debt > 1y

€0

-100.0% 21-25

Current ratio

1.53

-23.5% 21-25

Quick ratio

1.53

-22.7% 21-25

Solvency

37.5%

-29.5% 21-25

Debt / equity

1.66

+89.6% 21-25

ROE

85.4%

+36.8% 21-25

ROA

32.0%

-3.6% 21-25

Interest coverage

243.72

+30.5% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€753k
Net profit	€534k
Cash flow	€562k
Staff costs	€690k
Income taxes	€189k
Dividends	€500k
Total assets	€1.67M
Equity	€626k
Debt	€1.04M
of which ≤ 1y	€1.04M
of which > 1y	-
Working capital	€554k
Employees (FTE)	9.3

Ratios (computed)

	2025
Current ratio	1.53
Quick ratio	1.53
Working capital ratio	33.2%
Solvency	37.5%
Debt / equity	1.66
Long-term debt ratio	-
Interest coverage	243.72
Gross margin	-
Net margin	-
ROA	32.0%
ROE	85.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €73k · 4.4% Current assets €1.60M · 95.6%

Equity & liabilities

Equity €626k · 37.5% Debt €1.04M · 62.5%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€1.67M
Fixed assets	21/28	€73k
Intangible fixed assets	21	€189
Tangible fixed assets	22/27	€66k
Financial fixed assets	28	€6k
Current assets	29/58	€1.60M
Stocks & contracts in progress	3	€0
Amounts receivable within one year	40/41	€508k
Cash & bank	54/58	€1.07M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€1.67M
Equity	10/15	€626k
Contributions / capital	10/11	€35k
Reserves	13	€591k
Accumulated profits (losses)	14	€0
Amounts payable	17/49	€1.04M
Amounts payable within one year	42/48	€1.04M
Trade debts payable within one year	44	€263k
Income statement
Gross operating margin	9900	€1.45M
Operating result	9901	€726k
Financial income	75	€2
Financial charges	65	€3k
Result before taxes	9903	€723k
Income taxes	67/77	€189k
Net result for the period	9904	€534k
Result to be appropriated	9905	€534k

This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

94 / 100 Excellent

050100

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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Directors

Directors & mandates

2 directors

Current directors & mandates

ESTABLIS GROUPPrivate limited company
Director
State Gazette act 24027260 (13-02-2024)

Current
22-11-2023 → present

Former directors (1)

Frederik MOORTGAT
Director
State Gazette act 24027260 (13-02-2024)

Former
- → 22-11-2023

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts(71121)
Legal form	Private limited company(610)
Incorporation	10-12-2020
Status	Active
Postal code	8800

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Beversesteenweg 6128800 Roeselare

Establishment units

1 location

SKALD ENGINEERING

Beversesteenweg 612, 8800 RoeselareActiviteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

since 20202.310.622.647

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area5,502 m²

Buildings1

Building footprint394 m²

Volume (LiDAR)1,631 m³

Tallest building6.9 m · ±1 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)