THE ENGINE ROOM
ActiveTHE ENGINE ROOM has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €505k and a net result of €90k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 71% of 4530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability66▲+28
Solvency90▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.88 against 2.18 in 2024; short-term debt: 34.7% and cash: 0.1% of total assets), and 34.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
65.3%
Return on assets
11.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
42 d early
2023
54 d early
2022
67 d late
2021
31 d early
2020
61 d late
2019
2 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€90k▲ 4,584%
2024 · €2k
2018: €-38k
2019: €-107k
2020: €-107k
2021: €-116k
2022: €-118k
2023: €856k
2024: €2k
2018 → 2025
Working capital
€505k▲ 21.6%
2024 · €415k
2018: €5k
2019: €-102k
2020: €-209k
2021: €-325k
2022: €-442k
2023: €414k
2024: €415k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-324k-€-442k▼ 36.3%€414k€415k▲ 0.5%€505k▲ 21.6%
Operating result€-111k-€-73k▲ 34.3%€1.01M€-5k€100k
Net result€-116k-€-118k▼ 1.5%€856k€2k▼ 99.8%€90k▲ 4,584%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €100k after a loss of €5k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €774k
Equity
€505k▲ 21.6%
Debt
€269k▼ 23.9%
The debt ratio falls from 45.9% to 34.7%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
65.3%▲
2024 · 54.1%
Current ratio
2.88▲
2024 · 2.18
Quick ratio
2.71▲
2024 · 1.71
Debt / equity
0.53▼
2024 · 0.85
ROE
17.7%▲
2024 · 0.5%
ROA
11.6%▲
2024 · 0.2%
Debt
€269k▼
2024 · €353k
Debt ≤ 1 year
€269k▼
2024 · €353k
Income taxes
€33k▲
2024 · €4k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€768k€774k▲
Current assets29/58€768k€774k▲
Stocks and contracts in progress3€166k€45k▼
Stocks30/36€166k€45k▼
Amounts receivable within one year40/41€602k€727k▲
Trade receivables40€7k€404▼
Other amounts receivable41€595k€727k▲
Cash at bank and in hand54/58€85€955▲
Equity and liabilities
Total equity and liabilities10/49€768k€774k▲
Equity10/15€415k€505k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€353k€443k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€347k€437k▲
Amounts payable17/49€353k€269k▼
Amounts payable within one year42/48€353k€269k▼
Financial debts43€63k-
Credit institutions430/8€63k-
Trade debts44€12k€317▼
Suppliers440/4€12k€317▼
Taxes, remuneration and social security45€82k€33k▼
Taxes450/3€82k€33k▼
Other amounts payable47/48€196k€236k▲
Income statement
Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€155k€70k▼
Other operating charges640/8€60k€2k▼
Gross operating margin9900€209k€172k▼
Operating profit (loss)9901€-5k€100k▲
Financial income75/76B€31k€35k▲
Recurring financial income75€28k€31k▲
Non-recurring financial income76B€3k€5k▲
Financial charges65/66B€20k€13k▼
Recurring financial charges65€20k€13k▼
Profit (loss) for the period before taxes9903€6k€122k▲
Income taxes67/77€4k€33k▲
Profit (loss) for the period9904€2k€90k▲
Profit (loss) for the period to be appropriated9905€2k€90k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€90k▲
Transfer to equity691/2€2k€90k▲
To other reserves6921€2k€90k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 27 days late
2025
31-12
Financial
Equity above €500kEq €505k ▲21.6%
3 profitable years in a row build equity to €505k.
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €856k
Net result €856k after 5 loss-making years.
31-12
Financial
Equity above €200kEq €414k
Equity rises from €-442k to €414k.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 67 days late
2022
31-12
Financial
Weakest financial yearnet €-118k
Net result drops to €-118k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 65 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Schilde · 1 establishment unit since 2002
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.
Wijnegemsteenweg 222970 SchildeGround area
647 m²
Building footprint
401 m²
Volume, LiDAR
252 m³
Parcel 11041B0587/00G000, Flanders · tallest building 25.3 m. Linked by address, not a title deed.
1 establishment unit
THE ENGINE ROOM
since 20022.101.456.696
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0587/00G000 | Flanders | 647 m² | 1 · 401 m² | 25.3 m |
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.
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EURODEP
BE 0438.971.916
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GGRE
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HEMMAX
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,907. 4,567 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-05-2001
Fiscal year end31-12
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.