t de neef engineering
ActiveSummary
t de neef engineering has been active since 1972 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.10M and a net result of €109k. Equity is growing by ~16.1% per year across the filed fiscal years. Its solvency ranks better than 63% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-23
Solvency81▼-19
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.22 against 5.45 in 2024; short-term debt: 40.5% and cash: 4.5% of total assets), and 44.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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 2025Solvency, return and age of the figures
Solvency
55.6%
Return on assets
2.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
31 d early
2023
40 d early
2022
25 d early
2021
26 d early
2020
38 d early
2019
39 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.10M▲ 5.5%
2024 · €1.99M
2018: €2.32M
2019: €2.79M▲ +20.5% vs 2018
2020: €3.20M▲ +14.6% vs 2019
2021: €4.11M▲ +28.5% vs 2020
2022: €5.31M▲ +29.2% vs 2021
2023: €6.54M▲ +23.2% vs 2022highest in 8 years
2024: €1.99M▼ -69.6% vs 2023lowest in 8 years
2025: €2.10M▲ +5.5% vs 2024
2018 → 2025
Total assets
€3.77M▲ 43.6%
2024 · €2.62M
2018: €9.97Mhighest in 8 years
2019: €5.81M▼ -41.7% vs 2018
2020: €6.31M▲ +8.5% vs 2019
2021: €6.60M▲ +4.6% vs 2020
2022: €7.71M▲ +16.8% vs 2021
2023: €8.56M▲ +11.1% vs 2022
2024: €2.62M▼ -69.4% vs 2023lowest in 8 years
2025: €3.77M▲ +43.6% vs 2024
2018 → 2025
Net result
€109k▼ 80.0%
2024 · €543k
2018: €1.10M
2019: €474k▼ -56.8% vs 2018
2020: €408k▼ -13.9% vs 2019
2021: €912k▲ +123% vs 2020
2022: €1.20M▲ +31.5% vs 2021
2023: €1.23M▲ +2.8% vs 2022highest in 8 years
2024: €543k▼ -56.0% vs 2023
2025: €109k▼ -80.0% vs 2024lowest in 8 years
2018 → 2025
Working capital
€1.86M▲ 0.3%
2024 · €1.86M
2018: €3.59M
2019: €3.91M▲ +8.9% vs 2018
2020: €4.62M▲ +18.2% vs 2019
2021: €4.72M▲ +2.1% vs 2020
2022: €5.61M▲ +18.9% vs 2021
2023: €6.86M▲ +22.2% vs 2022highest in 8 years
2024: €1.86M▼ -72.9% vs 2023lowest in 8 years
2025: €1.86M▲ +0.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.11M-€5.31M▲ 29.2%€6.54M▲ 23.2%€1.99M▼ 69.6%€2.10M▲ 5.5%
2021: €4.11M
2022: €5.31M▲ +29.2% vs 2021
2023: €6.54M▲ +23.2% vs 2022highest in 5 years
2024: €1.99M▼ -69.6% vs 2023lowest in 5 years
2025: €2.10M▲ +5.5% vs 2024
Operating result€1.18M-€1.64M▲ 39.4%€1.58M▼ 4.1%€639k▼ 59.4%€175k▼ 72.6%
2021: €1.18M
2022: €1.64M▲ +39.4% vs 2021highest in 5 years
2023: €1.58M▼ -4.1% vs 2022
2024: €639k▼ -59.4% vs 2023
2025: €175k▼ -72.6% vs 2024lowest in 5 years
Net result€912k-€1.20M▲ 31.5%€1.23M▲ 2.8%€543k▼ 56.0%€109k▼ 80.0%
2021: €912k
2022: €1.20M▲ +31.5% vs 2021
2023: €1.23M▲ +2.8% vs 2022highest in 5 years
2024: €543k▼ -56.0% vs 2023
2025: €109k▼ -80.0% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 73% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.77M
Fixed assets
€377k ▲ 8.9%
Current assets
€3.39M ▲ 48.9%
Equity and liabilities €3.77M
Equity
€2.10M ▲ 5.5%
Provisions
€67k ▼ 69.3%
Debt
€1.60M ▲ 284%
Debt's share of the balance-sheet total rises from 15.9% to 42.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€314k▼
2024 · €816k
Cash flow
€247k▼
2024 · €719k
Current ratio
2.22▼
2024 · 5.45
Quick ratio
2.00▼
2024 · 4.60
Debt to equity
0.77▲
2024 · 0.21
ROE
5.2%▼
2024 · 27.3%
ROA
2.9%▼
2024 · 20.7%
Interest coverage
13.84▼
2024 · 83.50
Debt ≤ 1 year
€1.52M▲
2024 · €418k
Debt > 1 year
€80k
Income taxes
€46k▼
2024 · €191k
Staff costs
€1.80M▼
2024 · €2.33M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 69 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.62M€3.77M▲
Fixed assets21/28€346k€377k▲
Intangible fixed assets21€8k€9k▲
Tangible fixed assets22/27€229k€258k▲
Plant, machinery and equipment23€66k€82k▲
Furniture and vehicles24€152k€171k▲
Other tangible fixed assets26€10k€5k▼
Financial fixed assets28€110k€110k=
Current assets29/58€2.28M€3.39M▲
Stocks and contracts in progress3€355k€339k▼
Stocks30/36€184k€127k▼
Contracts in progress37€170k€212k▲
Amounts receivable within one year40/41€1.41M€2.78M▲
Trade receivables40€1.34M€2.02M▲
Other amounts receivable41€75k€768k▲
Cash at bank and in hand54/58€496k€171k▼
Deferred charges and accrued income490/1€12k€95k▲
Equity and liabilities
Total equity and liabilities10/49€2.62M€3.77M▲
Equity10/15€1.99M€2.10M▲
Contributions10/11€224k€224k=
Capital10€224k€224k=
Issued capital100€224k€224k=
Reserves13€1.20M€1.20M=
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Distributable reserves133€1.18M€1.18M=
Profit (loss) carried forward14€565k€674k▲
Provisions and deferred taxes16€218k€67k▼
Provisions for liabilities and charges160/5€218k€67k▼
Other liabilities and charges164/5€218k€67k▼
Amounts payable17/49€418k€1.60M▲
Amounts payable after more than one year17-€80k
Financial debts170/4-€80k
Amounts payable within one year42/48€418k€1.52M▲
Current portion of amounts payable after more than one year42€0€36k▲
Financial debts43-€300k
Other loans439-€300k
Trade debts44€378k€1.09M▲
Suppliers440/4€378k€1.09M▲
Taxes, remuneration and social security45€40k€94k▲
Taxes450/3-€45k
Remuneration and social security454/9€40k€49k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Non-recurring operating income76A€15k€23k▲
Remuneration, social security and pensions62€2.33M€1.80M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€176k€138k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€868▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-459k€-151k▲
Other operating charges640/8€17k€9k▼
Non-recurring operating charges66A€94k€21k▼
Gross operating margin9900€2.79M€1.99M▼
Operating profit (loss)9901€639k€175k▼
Financial income75/76B€105k€2k▼
Recurring financial income75€105k€2k▼
Financial charges65/66B€10k€23k▲
Recurring financial charges65€10k€23k▲
Profit (loss) for the period before taxes9903€735k€154k▼
Income taxes67/77€191k€46k▼
Profit (loss) for the period9904€543k€109k▼
Profit (loss) for the period to be appropriated9905€543k€109k▼
Appropriation of the result
Profit (loss) to be appropriated9906€565k€674k▲
Profit (loss) brought forward from the previous period14P€22k€565k▲
Transfer from equity791/2€5.10M€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€5.10M€0▼
Return on contributions (dividend)694€5.10M€0▼
Social balance
Average headcount (FTE)908729.226.4▼
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €18k | €3k | €24k | €15k | €23k | ▲ 50.3% |
| Remuneration, social security and pensions62 | €2.05M | €2.23M | €2.23M | €2.33M | €1.80M | ▼ 22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €203k | €232k | €196k | €176k | €138k | ▼ 21.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €-17k | - | €-202k | €0 | €868 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €-610k | €-513k | €-133k | €-459k | €-151k | ▲ 67.1% |
| Other operating charges640/8 | €34k | €12k | €170k | €17k | €9k | ▼ 44.6% |
| Non-recurring operating charges66A | - | €893 | - | €94k | €21k | ▼ 77.8% |
| Gross operating margin9900 | €2.84M | €3.61M | €3.84M | €2.79M | €1.99M | ▼ 28.8% |
| Operating profit (loss)9901 | €1.18M | €1.64M | €1.58M | €639k | €175k | ▼ 72.6% |
| Financial income75/76B | €24k | €2k | €86k | €105k | €2k | ▼ 98.5% |
| Recurring financial income75 | €2k | €2k | €86k | €105k | €2k | ▼ 98.5% |
| Non-recurring financial income76B | €23k | - | - | - | - | - |
| Financial charges65/66B | €8k | €5k | €5k | €10k | €23k | ▲ 132% |
| Recurring financial charges65 | €8k | €5k | €5k | €10k | €23k | ▲ 132% |
| Profit (loss) for the period before taxes9903 | €1.19M | €1.64M | €1.66M | €735k | €154k | ▼ 79.0% |
| Income taxes67/77 | €282k | €439k | €422k | €191k | €46k | ▼ 76.2% |
| Profit (loss) for the period9904 | €912k | €1.20M | €1.23M | €543k | €109k | ▼ 80.0% |
| Profit (loss) for the period to be appropriated9905 | €912k | €1.20M | €1.23M | €543k | €109k | ▼ 80.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.60M | €7.71M | €8.56M | €2.62M | €3.77M | ▲ 43.6% |
| Fixed assets21/28 | €773k | €612k | €585k | €346k | €377k | ▲ 8.9% |
| Intangible fixed assets21 | €32k | €22k | €13k | €8k | €9k | ▲ 16.7% |
| Tangible fixed assets22/27 | €630k | €479k | €462k | €229k | €258k | ▲ 12.9% |
| Plant, machinery and equipment23 | €193k | €152k | €105k | €66k | €82k | ▲ 24.4% |
| Furniture and vehicles24 | €422k | €315k | €342k | €152k | €171k | ▲ 12.0% |
| Other tangible fixed assets26 | €15k | €12k | €15k | €10k | €5k | ▼ 47.4% |
| Financial fixed assets28 | €111k | €111k | €110k | €110k | €110k | = |
| Current assets29/58 | €5.83M | €7.10M | €7.98M | €2.28M | €3.39M | ▲ 48.9% |
| Stocks and contracts in progress3 | €1.16M | €743k | €745k | €355k | €339k | ▼ 4.4% |
| Stocks30/36 | €182k | €187k | €183k | €184k | €127k | ▼ 31.1% |
| Contracts in progress37 | €974k | €557k | €562k | €170k | €212k | ▲ 24.4% |
| Amounts receivable within one year40/41 | €1.54M | €2.38M | €1.60M | €1.41M | €2.78M | ▲ 96.9% |
| Trade receivables40 | €1.29M | €2.24M | €1.40M | €1.34M | €2.02M | ▲ 50.6% |
| Other amounts receivable41 | €256k | €148k | €198k | €75k | €768k | ▲ 917% |
| Cash at bank and in hand54/58 | €3.13M | €3.96M | €5.63M | €496k | €171k | ▼ 65.5% |
| Deferred charges and accrued income490/1 | - | €12k | €8k | €12k | €95k | ▲ 693% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.60M | €7.71M | €8.56M | €2.62M | €3.77M | ▲ 43.6% |
| Equity10/15 | €4.11M | €5.31M | €6.54M | €1.99M | €2.10M | ▲ 5.5% |
| Contributions10/11 | €224k | €224k | €224k | €224k | €224k | = |
| Capital10 | €224k | €224k | €224k | €224k | €224k | = |
| Issued capital100 | €224k | €224k | €224k | €224k | €224k | = |
| Reserves13 | €3.88M | €5.07M | €6.30M | €1.20M | €1.20M | = |
| Non-distributable reserves130/1 | €22k | €22k | €22k | €22k | €22k | = |
| Legal reserve130 | €22k | €22k | €22k | €22k | €22k | = |
| Distributable reserves133 | €3.86M | €5.05M | €6.28M | €1.18M | €1.18M | = |
| Profit (loss) carried forward14 | €4k | €14k | €22k | €565k | €674k | ▲ 19.2% |
| Provisions and deferred taxes16 | €1.32M | €806k | €677k | €218k | €67k | ▼ 69.3% |
| Provisions for liabilities and charges160/5 | €1.32M | €806k | €677k | €218k | €67k | ▼ 69.3% |
| Other liabilities and charges164/5 | €1.32M | €806k | €677k | €218k | €67k | ▼ 69.3% |
| Amounts payable17/49 | €1.17M | €1.59M | €1.34M | €418k | €1.60M | ▲ 284% |
| Amounts payable after more than one year17 | €64k | €13k | - | - | €80k | - |
| Financial debts170/4 | €64k | €13k | - | - | €80k | - |
| Amounts payable within one year42/48 | €1.10M | €1.48M | €1.12M | €418k | €1.52M | ▲ 265% |
| Current portion of amounts payable after more than one year42 | €70k | €50k | €13k | €0 | €36k | - |
| Financial debts43 | - | - | - | - | €300k | - |
| Other loans439 | - | - | - | - | €300k | - |
| Trade debts44 | €822k | €1.25M | €921k | €378k | €1.09M | ▲ 189% |
| Suppliers440/4 | €822k | €1.25M | €921k | €378k | €1.09M | ▲ 189% |
| Taxes, remuneration and social security45 | €158k | €143k | €138k | €40k | €94k | ▲ 138% |
| Taxes450/3 | €40k | €21k | - | - | €45k | - |
| Remuneration and social security454/9 | €118k | €122k | €138k | €40k | €49k | ▲ 24.2% |
| Other amounts payable47/48 | €54k | €43k | €44k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €95k | €226k | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €912k | €1.20M | €1.23M | €543k | €109k | ▼ 80.0% |
| + Depreciation and write-downs630 | €203k | €232k | €196k | €176k | €138k | ▼ 21.5% |
| Operating cash flow (approximation) | €1.11M | €1.43M | €1.43M | €719k | €247k | ▼ 65.6% |
| Investment in fixed assets (approximation) | - | €-71k | €-169k | €62k | €-169k | ▼ 373% |
| Change in cash | - | €829k | €1.67M | €-5.13M | €-325k | ▲ 93.7% |
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 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €109k ▼80%
Net result drops to €109k, the lowest in the series.
31-12
Financial
Equity above €2MEq €2.10M ▲5.5%
8 profitable years in a row build equity to €2.10M.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €1.23M ▲2.8%
Net result €1.23M, the highest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €5MEq €5.31M ▲29.2%
5 profitable years in a row build equity to €5.31M.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity doublescurrent ratio 4.00
Current ratio from 1.61 to 4.00; short-term debt falls from €5.84M to €1.30M.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Heist-op-den-Berg · 1 establishment unit since 1972
Ground area
7,335 m²
Building footprint
2,458 m²
Volume, LiDAR
17,295 m³
Parcel 12014K0819/00C000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
t. de neef engineering / t. de neef facade
since 19722.011.885.512
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12014K0819/00C000 | Flanders | 7,335 m² | 1 · 2,458 m² | 10.3 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,326 EUR awarded · 4,007 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,686 EUR | 1,684 EUR |
| 2024 | 1 | 1,455 EUR | 1,085 EUR |
| 2023 | 1 | 587 EUR | 640 EUR |
| 2022 | 1 | 598 EUR | 598 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
11 categoriest de neef engineering NV16473
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 2,000 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-08-1972
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.