Target Engineering Recruitment
ActiveSummary
Target Engineering Recruitment has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-237k) and a net result of €-112k. Equity is shrinking by ~55.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 2283 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-77
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.56 in 2023; short-term debt: 555.2% and cash: 28.1% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-455.2%
Return on assets
-216.2%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-237k
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 04-07-2025, 27 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
37 d early
2022
35 d early
2021
53 d early
2020
31 d late
2019
46 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-237k▼ 90.5%
2023 · €-124k
2018: €9k
2019: €78k▲ +763% vs 2018highest in 7 years
2020: €-64k▼ -182% vs 2019
2021: €-33k▲ +48.4% vs 2020
2022: €-137k▼ -316% vs 2021
2023: €-124k▲ +9.4% vs 2022
2024: €-237k▼ -90.5% vs 2023lowest in 7 years
2018 → 2024
Total assets
€52k▼ 72.7%
2023 · €190k
2018: €191k
2019: €289k▲ +51.2% vs 2018highest in 7 years
2020: €103k▼ -64.6% vs 2019
2021: €118k▲ +14.7% vs 2020
2022: €193k▲ +64.2% vs 2021
2023: €190k▼ -1.4% vs 2022
2024: €52k▼ -72.7% vs 2023lowest in 7 years
2018 → 2024
Net result
€-112k
2023 · €13k
2018: €98khighest in 7 years
2019: €69k▼ -30.0% vs 2018
2020: €-141k▼ -306% vs 2019lowest in 7 years
2021: €31k▲ +122% vs 2020
2022: €-104k▼ -436% vs 2021
2023: €13k▲ +112% vs 2022
2024: €-112k▼ -976% vs 2023
2018 → 2024
Working capital
€-247k▼ 78.7%
2023 · €-138k
2018: €5k
2019: €70k▲ +1359% vs 2018highest in 7 years
2020: €-66k▼ -193% vs 2019
2021: €-34k▲ +48.6% vs 2020
2022: €-153k▼ -354% vs 2021
2023: €-138k▲ +9.8% vs 2022
2024: €-247k▼ -78.7% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-64k-€-33k▲ 48.4%€-137k▼ 316%€-124k▲ 9.4%€-237k▼ 90.5%
2020: €-64k
2021: €-33k▲ +48.4% vs 2020highest in 5 years
2022: €-137k▼ -316% vs 2021
2023: €-124k▲ +9.4% vs 2022
2024: €-237k▼ -90.5% vs 2023lowest in 5 years
Operating result€-156k-€35k€-102k€15k€-101k
2020: €-156klowest in 5 years
2021: €35k▲ +122% vs 2020highest in 5 years
2022: €-102k▼ -390% vs 2021
2023: €15k▲ +115% vs 2022
2024: €-101k▼ -768% vs 2023
Net result€-141k-€31k€-104k€13k€-112k
2020: €-141klowest in 5 years
2021: €31k▲ +122% vs 2020highest in 5 years
2022: €-104k▼ -436% vs 2021
2023: €13k▲ +112% vs 2022
2024: €-112k▼ -976% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €101k after €15k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52k
Fixed assets
€10k ▼ 26.3%
Current assets
€42k ▼ 76.4%
Key figures and ratios
EBITDA
€-97k▼
2023 · €19k
Cash flow
€-108k▼
2023 · €17k
Solvency
-455.2%▼
2023 · -65.2%
Current ratio
0.14▼
2023 · 0.56
Debt to equity
-1.22▲
2023 · -2.53
ROA
-216.2%▼
2023 · 6.7%
Interest coverage
-9.33▼
2023 · 11.59
Debt
€288k▼
2023 · €315k
Debt ≤ 1 year
€288k▼
2023 · €315k
Income taxes
€700▲
2023 · €694
Staff costs
€271k▲
2023 · €249k
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 · 2024 against 2023 · 40 lines
Balance sheet
Code20232024
Assets
Total assets20/58€190k€52k▼
Fixed assets21/28€14k€10k▼
Intangible fixed assets21€12k€8k▼
Tangible fixed assets22/27€2k€2k▼
Plant, machinery and equipment23€655€874▲
Furniture and vehicles24€1k€933▼
Current assets29/58€176k€42k▼
Amounts receivable within one year40/41€169k€26k▼
Trade receivables40€169k€26k▼
Cash at bank and in hand54/58€5k€15k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€190k€52k▼
Equity10/15€-124k€-237k▼
Contributions10/11€8k€8k=
Profit (loss) carried forward14€-132k€-245k▼
Amounts payable17/49€315k€288k▼
Amounts payable within one year42/48€315k€288k▼
Financial debts43€16k€25k▲
Credit institutions430/8€16k€25k▲
Trade debts44€52k€25k▼
Suppliers440/4€52k€25k▼
Taxes, remuneration and social security45€54k€13k▼
Taxes450/3€21k€11k▼
Remuneration and social security454/9€32k€2k▼
Other amounts payable47/48€193k€225k▲
Income statement
Code20232024
Remuneration, social security and pensions62€249k€271k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€139€810▲
Non-recurring operating charges66A-€476
Gross operating margin9900€268k€176k▼
Operating profit (loss)9901€15k€-101k▼
Financial charges65/66B€2k€10k▲
Recurring financial charges65€2k€10k▲
Profit (loss) for the period before taxes9903€14k€-112k▼
Income taxes67/77€694€700▲
Profit (loss) for the period9904€13k€-112k▼
Profit (loss) for the period to be appropriated9905€13k€-112k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-132k€-245k▼
Profit (loss) brought forward from the previous period14P€-145k€-132k▲
Social balance
Average headcount (FTE)90873.03.6▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €133k | €164k | €249k | €271k | ▲ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €1k | €2k | €4k | €4k | ▲ 15.3% |
| Other operating charges640/8 | - | €355 | €3k | €139 | €810 | ▲ 483% |
| Non-recurring operating charges66A | - | - | - | - | €476 | - |
| Gross operating margin9900 | €-4k | €169k | €67k | €268k | €176k | ▼ 34.5% |
| Operating profit (loss)9901 | €-156k | €35k | €-102k | €15k | €-101k | ▼ 768% |
| Recurring financial income75 | €199 | - | - | - | - | - |
| Financial charges65/66B | - | €3k | €2k | €2k | €10k | ▲ 540% |
| Recurring financial charges65 | €5k | €3k | €2k | €2k | €10k | ▲ 540% |
| Profit (loss) for the period before taxes9903 | €-160k | €32k | €-104k | €14k | €-112k | ▼ 925% |
| Income taxes67/77 | €-19k | €1k | €572 | €694 | €700 | ▲ 0.9% |
| Profit (loss) for the period9904 | €-141k | €31k | €-104k | €13k | €-112k | ▼ 976% |
| Profit (loss) for the period to be appropriated9905 | €-141k | €31k | €-104k | €13k | €-112k | ▼ 976% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103k | €118k | €193k | €190k | €52k | ▼ 72.7% |
| Fixed assets21/28 | €2k | €821 | €16k | €14k | €10k | ▼ 26.3% |
| Intangible fixed assets21 | - | - | €15k | €12k | €8k | ▼ 29.3% |
| Tangible fixed assets22/27 | €2k | €821 | €704 | €2k | €2k | ▼ 8.3% |
| Plant, machinery and equipment23 | - | - | - | €655 | €874 | ▲ 33.3% |
| Furniture and vehicles24 | - | €821 | €704 | €1k | €933 | ▼ 29.1% |
| Current assets29/58 | €101k | €117k | €177k | €176k | €42k | ▼ 76.4% |
| Amounts receivable within one year40/41 | €21k | €70k | €170k | €169k | €26k | ▼ 84.9% |
| Trade receivables40 | - | €21k | €121k | €169k | €26k | ▼ 84.9% |
| Other amounts receivable41 | - | €49k | €49k | - | - | - |
| Cash at bank and in hand54/58 | €78k | €45k | €4k | €5k | €15k | ▲ 169% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €2k | ▼ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103k | €118k | €193k | €190k | €52k | ▼ 72.7% |
| Equity10/15 | €-64k | €-33k | €-137k | €-124k | €-237k | ▼ 90.5% |
| Contributions10/11 | - | €8k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €-72k | €-41k | €-145k | €-132k | €-245k | ▼ 84.9% |
| Amounts payable17/49 | €166k | €151k | €330k | €315k | €288k | ▼ 8.3% |
| Amounts payable within one year42/48 | €166k | €151k | €330k | €315k | €288k | ▼ 8.3% |
| Financial debts43 | - | €21k | €10k | €16k | €25k | ▲ 57.0% |
| Credit institutions430/8 | - | €21k | €10k | €16k | €25k | ▲ 57.0% |
| Trade debts44 | €15k | €4k | €85k | €52k | €25k | ▼ 52.1% |
| Suppliers440/4 | - | €4k | €85k | €52k | €25k | ▼ 52.1% |
| Taxes, remuneration and social security45 | - | €13k | €27k | €54k | €13k | ▼ 75.0% |
| Taxes450/3 | - | €2k | €8k | €21k | €11k | ▼ 46.7% |
| Remuneration and social security454/9 | - | €11k | €19k | €32k | €2k | ▼ 93.5% |
| Other amounts payable47/48 | - | €113k | €208k | €193k | €225k | ▲ 16.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-141k | €31k | €-104k | €13k | €-112k | ▼ 976% |
| + Depreciation and write-downs630 | €1k | €1k | €2k | €4k | €4k | ▲ 15.3% |
| Operating cash flow (approximation) | €-140k | €32k | €-102k | €17k | €-108k | ▼ 754% |
| Investment in fixed assets (approximation) | - | €0 | €-17k | €-1k | €-603 | ▲ 59.0% |
| Change in cash | - | €-34k | €-40k | €1k | €9k | ▲ 797% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-141k
Net result drops to €-141k, the lowest in the series; recovery starts the following year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
07-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-04
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Mechelen · 1 establishment unit since 2016
Ground area
6,629 m²
Building footprint
473 m²
Volume, LiDAR
3,047 m³
Parcel 12402A0187/00B002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
TEKNIK
since 20162.251.893.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402A0187/00B002 | Flanders | 6,629 m² | 1 · 473 m² | 7.6 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 2024 · 3 entries · 1,044 EUR awarded · 1,044 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 378 EUR | 378 EUR |
| 2023 | 1 | 192 EUR | 192 EUR |
| 2022 | 1 | 474 EUR | 474 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 7,143 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
Founded24-03-2016
Fiscal year end31-12
Abbreviation NL
Target Engineering
Activities, NACEBEL 2025
82990Other business support services
69109Other legal services
Contact
E-mail
eddy.lambaerts@elmos.beMechelen
Scores and ratios are computed by Checked and are not a credit decision.