THE ENGINEERING NETWORK
InactiveOverview
Overview
Official details
Source: KBO- Status
- Absorbed by VERHAERT GENT merger by absorption, November 2023
- Activity
- “Het presteren van diensten als industrieel ontwerper, alsook op het vlak van mechanisch ontwerp…” (deed in Dutch)From the articles, 14 activitiesNo NACE code in the KBO yet
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-06-2023
- Financial year end
- 30 June
- Peppol
- Not found in the Peppol Directory
Board and ownership
- P.O. ManagementDirector · since 19-08-2022 · permanent representative Koen Verhaert
- Auditor
- CERTAM BEDRIJFSREVISOREN
- MATHEEUSSEN CONSULTING & DESIGN33.33%· score 242021 annual accounts of MATHEEUSSEN CONSULTING & DESIGN
Financial position
- Gross margin
- €2.3m
- ▼ 41.7%
- Turnover
- ≈ €4.0m
- estimated
- Profit
- €328,849
- Equity
- -€18,730
- ▲ 94.6%
- Total assets
- €1.6m
- ▼ 6.7%
- Employees on 30-06-2023
- 34
- ▼ 24.4%
Financials
Financials · financial year 2023, abbreviated format
Annual accounts 2023 filed on 29-01-2024 PDF all 13 filings
Every figure per financial year
The operating result for 2023 is a profit of €425,346, after a loss of €281,610 in 2022. It is the highest result since 2019.
- 2022 Net result -65% on 2021. Partial demerger to ONIKI STUDIOS, Official Gazette 13-09-2022. The previous financial year ran 15 months, this one 12.
- 2021 Net result -156% on 2020. This financial year ran 15 months, the previous one 12.
Staff
| Item | 31-12-2021 | 31-12-2022 | 30-06-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 66 | 45 | 34 |
| full-time | 55 | 37 | 29 |
| part-time | 11 | 8 | 5 |
| in full-time equivalents | 63.4 | 43.3 | 32.9 |
| Average over the year, in full-time equivalents | 59.6 | 54.2 | 41.2 |
| On a permanent contract | 66 | 45 | 34 |
| Joined | 15 | 3 | 0 |
| Left | 12 | 24 | 11 |
| Training hours | 2,384 | 974 | - |
Source: social balance sheet in the 2021 to 2023 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 30-06-2023 |
|---|---|---|---|
| Debts secured on the company's own assets | €1.3m | €502,521 | €494,316 |
| Mortgages, amount registered | €55,000 | - | - |
| Mortgage mandates | €1.1m | - | - |
| Carrying value of the mortgaged assets | €802,471 | - | - |
| Pledge on the business | - | €110,000 | €110,000 |
| Mandates to pledge the business | €110,000 | - | - |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 30-06-2023 |
|---|---|---|---|
| Tangible fixed assets | €22,516 | €9,981 | €2,301 |
| Intangible fixed assets | €0 | - | - |
| Financial fixed assets | €0 | €15,000 | - |
| Depreciation and write-downs of the year | €226,388 | €65,209 | €34,061 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2023 · 4 entries · €10,356 awarded · €10,345 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 2 | €2,365 | €2,354 |
| 2022 | 2 | €7,991 | €7,991 |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €5.2m | - | - |
| Non-recurring operating income76A | - | - | €0.002m | €0.03m | €0.2m | ▲ 584% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €1.3m | - | - |
| Remuneration, social security and pensions62 | - | - | €4.6m | €3.7m | €1.8m | ▼ 50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.1m | €0.2m | €0.07m | €0.03m | ▼ 47.8% |
| Other operating charges640/8 | - | - | €0.03m | €0.5m | €0.02m | ▼ 94.8% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - |
| Gross operating margin9900 | €4.0m | €3.6m | €4.7m | €3.9m | €2.3m | ▼ 41.7% |
| Operating profit (loss)9901 | €0.1m | €0.007m | -€0.1m | -€0.3m | €0.4m | - |
| Financial income75/76B | - | - | €0.008m | €0.006m | €0.003m | ▼ 54.9% |
| Recurring financial income75 | €0.004m | €0.006m | €0.008m | €0.006m | €0.003m | ▼ 54.9% |
| Financial charges65/66B | - | - | €0.1m | €0.08m | €0.03m | ▼ 55.6% |
| Recurring financial charges65 | €0.08m | €0.08m | €0.09m | €0.08m | €0.03m | ▼ 55.6% |
| Non-recurring financial charges66B | - | - | €0.03m | - | - | - |
| Profit (loss) for the period before taxes9903 | €0.06m | -€0.07m | -€0.2m | -€0.4m | €0.4m | - |
| Income taxes67/77 | €0.05m | €0.02m | €0.01m | €0.01m | €0.07m | ▲ 459% |
| Profit (loss) for the period9904 | €0.008m | -€0.09m | -€0.2m | -€0.4m | €0.3m | - |
| Profit (loss) for the period to be appropriated9905 | €0.008m | -€0.09m | -€0.2m | -€0.4m | €0.3m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.5m | €3.6m | €3.4m | €1.8m | €1.6m | ▼ 6.7% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | €1.1m | €1.5m | €1.2m | €0.2m | €0.2m | ▼ 16.6% |
| Intangible fixed assets21 | €0.02m | €0.4m | €0.3m | €0.1m | €0.1m | ▼ 19.9% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €0.9m | €0.04m | €0.04m | ▼ 20.2% |
| Land and buildings22 | - | - | €0.8m | €0.01m | €0.009m | ▼ 13.3% |
| Plant, machinery and equipment23 | - | - | €0.02m | €0.002m | €0.002m | ▼ 17.1% |
| Furniture and vehicles24 | - | - | €0.06m | €0.03m | €0.03m | ▼ 22.5% |
| Financial fixed assets28 | €0.05m | €0.05m | €0.02m | €0.03m | €0.03m | = |
| Current assets29/58 | €2.3m | €2.2m | €2.2m | €1.6m | €1.5m | ▼ 5.5% |
| Stocks and contracts in progress3 | - | - | - | €0.03m | €0.06m | ▲ 114% |
| Contracts in progress37 | - | - | - | €0.03m | €0.06m | ▲ 114% |
| Amounts receivable within one year40/41 | €2.3m | €1.8m | €1.7m | €1.1m | €1.1m | ▼ 4.6% |
| Trade receivables40 | - | - | €1.6m | €1.0m | €0.9m | ▼ 7.9% |
| Other amounts receivable41 | - | - | €0.07m | €0.2m | €0.2m | ▲ 13.5% |
| Cash at bank and in hand54/58 | €0.001m | €0.3m | €0.3m | €0.3m | €0.3m | ▼ 11.8% |
| Deferred charges and accrued income490/1 | - | - | €0.2m | €0.06m | €0.03m | ▼ 44.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.5m | €3.6m | €3.4m | €1.8m | €1.6m | ▼ 6.7% |
| Equity10/15 | €0.3m | €0.3m | €0.04m | -€0.3m | -€0.02m | ▲ 94.6% |
| Contributions10/11 | €0.02m | - | €0.02m | €0.008m | €0.008m | = |
| Reserves13 | €0.02m | €0.02m | €0.02m | €0.007m | €0.007m | = |
| Non-distributable reserves130/1 | - | - | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | - | - | €0.02m | €0.007m | €0.007m | = |
| Distributable reserves133 | - | - | €0.002m | €0.001m | €0.001m | = |
| Profit (loss) carried forward14 | €0.3m | €0.2m | €0.003m | -€0.4m | -€0.03m | ▲ 90.7% |
| Amounts payable17/49 | €3.1m | €3.4m | €3.4m | €2.1m | €1.7m | ▼ 21.3% |
| Amounts payable after more than one year17 | €0.7m | €0.8m | €0.7m | €0.07m | €0.07m | = |
| Financial debts170/4 | - | - | €0.7m | €0.07m | €0.07m | = |
| Amounts payable within one year42/48 | €2.4m | €2.6m | €2.7m | €2.0m | €1.6m | ▼ 20.7% |
| Current portion of amounts payable after more than one year42 | - | - | €0.08m | €0.02m | €0.01m | ▼ 49.8% |
| Financial debts43 | - | - | €0.5m | €0.4m | €0.4m | ▼ 2.3% |
| Credit institutions430/8 | - | - | €0.5m | €0.4m | €0.4m | ▼ 2.3% |
| Trade debts44 | €0.7m | €0.1m | €0.6m | €0.2m | €0.2m | ▲ 29.1% |
| Suppliers440/4 | - | - | €0.6m | €0.2m | €0.2m | ▲ 29.1% |
| Advances received on contracts in progress46 | - | - | - | €0.05m | €0.03m | ▼ 32.8% |
| Taxes, remuneration and social security45 | - | - | €0.9m | €0.7m | €0.8m | ▲ 5.0% |
| Taxes450/3 | - | - | €0.2m | €0.1m | €0.2m | ▲ 18.5% |
| Remuneration and social security454/9 | - | - | €0.8m | €0.6m | €0.6m | ▲ 1.5% |
| Other amounts payable47/48 | - | - | €0.6m | €0.6m | €0.1m | ▼ 78.2% |
| Accrued charges and deferred income492/3 | - | - | €52 | €0.04m | €0.008m | ▼ 81.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,990 | -€86,115 | -€220,874 | -€363,766 | €328,849 | - |
| + Depreciation and write-downs630 | €205,024 | €121,061 | €226,388 | €65,209 | €34,061 | ▼ 47.8% |
| Operating cash flow (approximation) | €213,014 | €34,946 | €5,514 | -€298,557 | €362,910 | - |
| Investment in fixed assets (approximation) | - | -€484,923 | €2,581 | €985,531 | -€1,338 | - |
| Change in cash | - | €254,305 | €6,244 | €79,294 | -€40,196 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2023 | abbreviated format | 29-01-2024 | 2024-00010015 | |
| 31-12-2022 | abbreviated format | 23-06-2023 | 2023-00158992 | |
| 31-12-2021 | abbreviated format | 09-08-2022 | 2022-20281947 | |
| 30-09-2020 | abbreviated format | 31-05-2021 | 2021-16200538 | |
| 30-09-2019 | abbreviated format | 19-05-2020 | 2020-12600113 | |
| 30-09-2018 | abbreviated format | 08-04-2019 | 2019-09900216 | |
| 30-09-2017 | abbreviated format | 27-04-2018 | 2018-11300135 | |
| 30-09-2016 | abbreviated format | 07-03-2017 | 2017-05900316 | |
| 30-09-2015 | abbreviated format | 15-03-2016 | 2016-06800296 | |
| 30-09-2014 | abbreviated format | 28-04-2015 | 2015-10700415 |
Board & ownership
Directors
Board 1
Permanent representatives 1
Statutory auditor 2
Owners and capital
Shareholders
1 ownerOwners 1
- Equity €846,796 Profit of €664,410 in 2022 Checked score 2433.33%
Former owners (1)
-
100%
Capital transactions
- VERHAERT NEWPRODUCTS EN SERVICES (BE 0439.039.420) all shares
- Matheeussen Mike 124 shares (66.7%)
- MATHEEUSSEN CONSULTING & DESIGN 62 shares (33.3%)
- 23-08-2023 Capital stated in the deed · 186 shares
- 13-09-2022 Incorporation · €23,590.23 · 186 shares
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| P.O. Management |
|
| CERTAM BEDRIJFSREVISOREN |
|
| Moore Audit |
|
| Matheeussen Mike |
|
Network & group
Acquisitions and mergers
2 transactionsConnections & network
2 connected companiesThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
13-11
Gazette deed
Merger: absorbed by VERHAERT GentDissolution of the company · Accounting effect · Share issue21 points ▸
- General meeting, 29-09-2023, mentioned 2 times in the deed
- Other provision, “kennisname fusievoorstel en ontslag voorlezing, fusievoorstel” (deed in Dutch)
- Other provision, “kennisname verslagen en ontslag voorlezing” (deed in Dutch)
- Other provision, “verzaking voorlegging informatie” (deed in Dutch)
- Other provision, “verzaking aan verslagplicht” (deed in Dutch)
- Merger, “fusie door overneming, bestuursorgaan van Verkrijgende Vennootschap” (deed in Dutch)
- Dissolution, merger, “houdt op te bestaan” (deed in Dutch)
- Accounting effect, 01-07-2023
- Share issue, “aandelen op naam”, 2827 (deed in Dutch)
- Other provision, “bijzondere rechten” (deed in Dutch)
- Other provision, “bijzonder voordeel, leden van de bestuursorganen van de bij de fusie betrokken vennootschappen” (deed in Dutch)
- Other provision, “verzoek vaststelling eigendomsovergang, voorzitter van beide algemene vergaderingen” (deed in Dutch)
- The act holds 9 more points.
23-08
Gazette deed
Merger proposal: to be absorbed by VERHAERT GENTPermanent representative: Koen Verhaert · Kind of shares · Shareholding26 points ▸
- Board composition, P.O. Management BV (director), mentioned 2 times in the deed
- Permanent representative, Koen Verhaert, mentioned 2 times in the deed
- Kind of shares, 2000, “leder aandeel geeft een gelijk recht in de winstverdeling en het vereffeningsaldo” (deed in Dutch)
- VERHAERT NEWPRODUCTS EN SERVICES holds all the shares, mentioned 2 times in the deed
- Share issue, “uitnodiging aan de enige aandeelhouder van de Over Te Nemen Vennootschap om de uitgifte in te schrijven in het aandelenregister, na publicatie van het besluit t…” (deed in Dutch)
- Other provision, 01-07-2023
- Accounting effect, 01-07-2023
- Other provision, “rechten bijzondere rechten en andere effecten” (deed in Dutch)
- Other provision, “bezoldiging bedrijfsrevisor commissaris extern accountant en verslagen bestuursorgaan”, EUR (deed in Dutch)
- Other provision, “bijzonder voordeel leden bestuursorganen” (deed in Dutch)
- Other provision, “bijlage 1, samenstelling over te dragen vermogen en fusiestaat” (deed in Dutch)
- Other provision, “belangrijke wijzigingen in actief en passief, geen kennisgeving aan algemene vergaderingen van belangrijke wijziging tussen opstelling fusievoorstel en vergader…” (deed in Dutch)
- The act holds 14 more points.
26-09
Gazette deed
Registered office moved from Kortrijk to GentResignation: Matheeussen Mike (director) · Appointment: P.O. Management (director) · Permanent representative: Koen Verhaert5 points ▸
- General meeting, 19-08-2022
- Director resignation, Matheeussen Mike (director)
- Director appointment, P.O. Management (director)
- Permanent representative, Koen Verhaert
- Registered-office move, Bruiloftstraat 55-57 te 9050 Gent
13-09
Gazette deed
Demerger: THE ENGINEERING NETWORK splits off to ONIKI STUDIOSStarting capital €23,590.23 · Appointment: BV Moore Audit (statutory auditor) · Accounting effect · Real estate24 points ▸
- General meeting, 19-08-2022
- Other provision, “splitsingsvoorstel en verslagen, aandelen van elk van de nieuwe vennootschappen evenredig aan rechten in vermogen uitgegeven aan aandeelhouders gesplitste venno…” (deed in Dutch)
- Other provision, “alle aandeelhouders, verzaking artikel 12:81” (deed in Dutch)
- Demerger, “partiële splitsing, artikel 12:8 juncto artikel 12:75 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Accounting effect, 01-01-2022, mentioned 2 times in the deed
- Other provision, “geen bijzonder voordeel artikel 12:75,8°, bestuursorganen van aan splitsing deelnemende vennootschappen” (deed in Dutch)
- Other provision, 8, “overgang werknemers” (deed in Dutch)
- Real estate, “eigendom wordt van ONIKI STUDIOS”, (...) (deed in Dutch)
- Incorporation, “ONIKI STUDIOS” (deed in Dutch)
- Founding capital, €23,590.23
- Other provision, “goedkeuring oprichtingsakte en statuten” (deed in Dutch)
- Auditor appointment, BV Moore Audit
- The act holds 12 more points.
21-06
Gazette deed
Demerger proposal: THE ENGINEERING NETWORK splits off to ONIKI STUDIOSAppointment: CERTAM BEDRIJFSREVISOREN (statutory auditor) · Incorporation · Amendment of the articles24 points ▸
- Demerger, “partiële splitsing, inbreng van een deel van het actief en passief” (deed in Dutch)
- Incorporation, 11-12-2009
- Amendment of the articles
- Share issue, 186
- Other provision, “overdracht van een deel van het vermogen, één aandeel BV ONIKI STUDIOS voor één aandeel BV THE ENGINEERING NETWORK” (deed in Dutch)
- Other provision, “wijze van uitreiking aandelen nieuwe vennootschap, onmiddellijk nadat BV ONIKI STUDIOS rechtspersoonlijkheid heeft verworven door neerlegging van oprichtingsakt…” (deed in Dutch)
- Other provision, “datum winstdeelname uitgereikte aandelen BV ONIKI STUDIOS, datum van uitgifte” (deed in Dutch)
- Accounting effect, 01-01-2022
- Other provision, “overdracht contracten en vergunningen met betrekking tot af te splitsen bestanddelen, onder dezelfde geldende modaliteiten” (deed in Dutch)
- Other provision, “rechten voor vennoten met bijzondere rechten en houders van andere effecten dan aandelen” (deed in Dutch)
- Other provision, “bestuursorgaan van BV THE ENGINEERING NETWORK, bijzonder voordeel aan leden van bestuursorganen deelnemende vennootschappen” (deed in Dutch)
- Auditor appointment, CERTAM BEDRIJFSREVISOREN
- The act holds 12 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Absorbed by VERHAERT GENT in November 2023
THE ENGINEERING NETWORK is no longer in the KBO register. VERHAERT GENT took it over in a merger by absorption, published in the Belgian Official Gazette on 30 November 2023.
- Status
- Inactive
- Reason
- Merger by absorptionBelgian Official Gazette, 30 November 2023 · act
- Absorbed by
- VERHAERT GENT · 0879.539.679
- Last annual accounts
- financial year to 30 June 2023
- Last registered office
- Bruiloftstraat 55-57, 9050 Gentbruggeas published on 13 November 2023
- Legal form
- Private limited company
- First annual accounts
- financial year 2011
Purpose according to the articles of association
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het presteren van diensten als industrieel ontwerper, alsook op het vlak van mechanisch ontwerp en ontwerp van kunststoffen; Het verschaffen…”
14 activities
- Het presteren van diensten als industrieel ontwerper, alsook op het vlak van mechanisch ontwerp en ontwerp van kunststoffen;
- Het verschaffen van diensten op het vlak van projectbegeleiding;
- Het verlenen van technische assistentie, advies en support;
- Het verhuren van diverse machines en werktuigen;
- Het verlenen van adviezen en het verschaffen van diensten inzake bedrijfsbeleid, met inbegrip van commercieel- en financieel beleid, outsourcing, alsook administratie;
- Vertaalwerk;
- Uitvoeren van energiestudies:
- Opstellen van energieprestatiecertificaten;
- Opstellen van EPB-aangiftes en adviezen;
- Opmaken van studies en verschaffen van advies inzake isolatie en energie-optimalisatie;
- Verschaffen van diensten inzake informatica en communicatie;
- Het geven van opleidingen en het inrichten van cursussen en het opstellen van handleidingen betreffende de bovenstaande punten;
- Het optreden als tussenpersoon in de handel;
- Het beheren van een onroerend patrimcnium en het valoriseren van dit patrimonium door het stellen van alle beheersdaden zoals ondermeer aankoop, verkoop, verkavelen, verhuren, in huur nemen, ruflen, bouwwerken laten uivoeren, verbouwings- en verbeteringswerken laten uitvoeren, dit alles in de ruimste zin
Articles of association, deed of 23-08-2023 (in Dutch)