THEUNS ENGINEERING
ActiveSummary
THEUNS ENGINEERING has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20k and a net result of €-17k. Equity is shrinking by ~15.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 12% of 484 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-1
Solvency30▼-4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 95.2% and cash: 0.2% of total assets), and 95.2% 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.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
4.8%
Return on assets
-4.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-17k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 484 sector peers (2025).
NBB · sector comparisonPosition among 484 sector peers
Solvency
better than 12%
← weakest
strongest →
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 21-07-2026, 10 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
10 d early
2024
29 d early
2023
30 d early
2022
6 d early
2021
31 d late
2020
31 d late
2019
2 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
€20k▼ 46.5%
2024 · €37k
2018: €382k
2019: €391k▲ +2.3% vs 2018highest in 8 years
2020: €371k▼ -5.0% vs 2019
2021: €356k▼ -4.1% vs 2020
2022: €364k▲ +2.3% vs 2021
2023: €50k▼ -86.4% vs 2022
2024: €37k▼ -25.0% vs 2023
2025: €20k▼ -46.5% vs 2024lowest in 8 years
2018 → 2025
Total assets
€415k▼ 0.2%
2024 · €416k
2018: €455khighest in 8 years
2019: €400k▼ -11.9% vs 2018
2020: €391k▼ -2.3% vs 2019
2021: €364k▼ -7.0% vs 2020lowest in 8 years
2022: €381k▲ +4.6% vs 2021
2023: €398k▲ +4.6% vs 2022
2024: €416k▲ +4.5% vs 2023
2025: €415k▼ -0.2% vs 2024
2018 → 2025
Net result
€-17k▼ 39.3%
2024 · €-12k
2018: €-15k
2019: €9k▲ +158% vs 2018highest in 8 years
2020: €-20k▼ -323% vs 2019lowest in 8 years
2021: €-15k▲ +23.0% vs 2020
2022: €8k▲ +153% vs 2021
2023: €6k▼ -30.2% vs 2022
2024: €-12k▼ -321% vs 2023
2025: €-17k▼ -39.3% vs 2024
2018 → 2025
Working capital
€-390k▼ 3.5%
2024 · €-377k
2018: €37k
2019: €47k▲ +26.8% vs 2018highest in 8 years
2020: €25k▼ -46.0% vs 2019
2021: €11k▼ -54.9% vs 2020
2022: €23k▲ +103% vs 2021
2023: €-337k▼ -1555% vs 2022
2024: €-377k▼ -11.7% vs 2023
2025: €-390k▼ -3.5% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€356k-€364k▲ 2.3%€50k▼ 86.4%€37k▼ 25.0%€20k▼ 46.5%
2021: €356k
2022: €364k▲ +2.3% vs 2021highest in 5 years
2023: €50k▼ -86.4% vs 2022
2024: €37k▼ -25.0% vs 2023
2025: €20k▼ -46.5% vs 2024lowest in 5 years
Operating result€-15k-€7k€11k▲ 49.5%€-4k€-8k▼ 135%
2021: €-15klowest in 5 years
2022: €7k▲ +150% vs 2021
2023: €11k▲ +49.5% vs 2022highest in 5 years
2024: €-4k▼ -132% vs 2023
2025: €-8k▼ -135% vs 2024
Net result€-15k-€8k€6k▼ 30.2%€-12k€-17k▼ 39.3%
2021: €-15k
2022: €8k▲ +153% vs 2021highest in 5 years
2023: €6k▼ -30.2% vs 2022
2024: €-12k▼ -321% vs 2023
2025: €-17k▼ -39.3% 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 stays negative: a loss of €8k in 2025 against €4k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €415k
Fixed assets
€410k ▼ 1.0%
Current assets
€5k ▲ 161%
Equity and liabilities €415k
Equity
€20k ▼ 46.5%
Debt
€395k ▲ 4.4%
Debt's share of the balance-sheet total rises from 91.1% to 95.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-4k▼
2024 · €454
Cash flow
€-13k▼
2024 · €-8k
Current ratio
0.01▲
2024 · 0.01
Debt to equity
19.87▲
2024 · 10.18
ROE
-87.1%▼
2024 · -33.4%
ROA
-4.2%▼
2024 · -3.0%
Interest coverage
-0.49▼
2024 · 0.05
Debt ≤ 1 year
€395k▲
2024 · €379k
Income taxes
€470▲
2024 · €232
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 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€416k€415k▼
Fixed assets21/28€414k€410k▼
Tangible fixed assets22/27€14k€10k▼
Land and buildings22€12k€9k▼
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€400k€400k=
Current assets29/58€2k€5k▲
Amounts receivable within one year40/41€1k€4k▲
Other amounts receivable41€1k€4k▲
Cash at bank and in hand54/58€958€1k▲
Deferred charges and accrued income490/1-€58
Equity and liabilities
Total equity and liabilities10/49€416k€415k▼
Equity10/15€37k€20k▼
Reserves13€77k€77k=
Distributable reserves133€77k€77k=
Profit (loss) carried forward14€-40k€-57k▼
Amounts payable17/49€379k€395k▲
Amounts payable within one year42/48€379k€395k▲
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€716€210▼
Taxes450/3€716€210▼
Other amounts payable47/48€376k€394k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€2k€-3k▼
Operating profit (loss)9901€-4k€-8k▼
Financial income75/76B-€368
Recurring financial income75-€368
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€-12k€-17k▼
Income taxes67/77€232€470▲
Profit (loss) for the period9904€-12k€-17k▼
Profit (loss) for the period to be appropriated9905€-12k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-57k▼
Profit (loss) brought forward from the previous period14P€-27k€-40k▼
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | €4k | ▲ 0.5% |
| Other operating charges640/8 | €510 | €962 | €2k | €1k | €2k | ▲ 40.9% |
| Gross operating margin9900 | €-11k | €12k | €17k | €2k | €-3k | ▼ 257% |
| Operating profit (loss)9901 | €-15k | €7k | €11k | €-4k | €-8k | ▼ 135% |
| Financial income75/76B | €2k | €2k | €0 | - | €368 | - |
| Recurring financial income75 | €2k | €2k | €0 | - | €368 | - |
| Financial charges65/66B | €2k | €2k | €5k | €9k | €9k | ▲ 2.7% |
| Recurring financial charges65 | €2k | €2k | €5k | €9k | €9k | ▲ 2.7% |
| Profit (loss) for the period before taxes9903 | €-15k | €8k | €6k | €-12k | €-17k | ▼ 38.1% |
| Income taxes67/77 | €277 | €-17 | €761 | €232 | €470 | ▲ 103% |
| Profit (loss) for the period9904 | €-15k | €8k | €6k | €-12k | €-17k | ▼ 39.3% |
| Profit (loss) for the period to be appropriated9905 | €-15k | €8k | €6k | €-12k | €-17k | ▼ 39.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €364k | €381k | €398k | €416k | €415k | ▼ 0.2% |
| Fixed assets21/28 | €345k | €341k | €387k | €414k | €410k | ▼ 1.0% |
| Tangible fixed assets22/27 | €25k | €21k | €17k | €14k | €10k | ▼ 28.5% |
| Land and buildings22 | €23k | €20k | €16k | €12k | €9k | ▼ 28.4% |
| Furniture and vehicles24 | €1k | €1k | €1k | €2k | €1k | ▼ 29.3% |
| Financial fixed assets28 | €320k | €320k | €370k | €400k | €400k | = |
| Current assets29/58 | €20k | €40k | €11k | €2k | €5k | ▲ 161% |
| Amounts receivable within one year40/41 | €18k | €40k | €9k | €1k | €4k | ▲ 301% |
| Trade receivables40 | €2k | €563 | €8k | - | - | - |
| Other amounts receivable41 | €15k | €39k | €2k | €1k | €4k | ▲ 301% |
| Cash at bank and in hand54/58 | €962 | €377 | €2k | €958 | €1k | ▲ 6.4% |
| Deferred charges and accrued income490/1 | €733 | - | - | - | €58 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €364k | €381k | €398k | €416k | €415k | ▼ 0.2% |
| Equity10/15 | €356k | €364k | €50k | €37k | €20k | ▼ 46.5% |
| Contributions10/11 | €320k | €320k | - | - | - | - |
| Reserves13 | €77k | €77k | €77k | €77k | €77k | = |
| Non-distributable reserves130/1 | €4k | €4k | - | - | - | - |
| Reserves not available under the articles1311 | €4k | €4k | - | - | - | - |
| Distributable reserves133 | €73k | €73k | €77k | €77k | €77k | = |
| Profit (loss) carried forward14 | €-41k | €-33k | €-27k | €-40k | €-57k | ▼ 43.6% |
| Amounts payable17/49 | €8k | €17k | €349k | €379k | €395k | ▲ 4.4% |
| Amounts payable within one year42/48 | €8k | €17k | €349k | €379k | €395k | ▲ 4.4% |
| Trade debts44 | €7k | €3k | €3k | €2k | €1k | ▼ 45.9% |
| Suppliers440/4 | €7k | €3k | €3k | €2k | €1k | ▼ 45.9% |
| Taxes, remuneration and social security45 | €738 | €260 | €744 | €716 | €210 | ▼ 70.6% |
| Taxes450/3 | €738 | €260 | €744 | €716 | €210 | ▼ 70.6% |
| Other amounts payable47/48 | - | €13k | €345k | €376k | €394k | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €8k | €6k | €-12k | €-17k | ▼ 39.3% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | €4k | ▲ 0.5% |
| Operating cash flow (approximation) | €-11k | €12k | €9k | €-8k | €-13k | ▼ 57.8% |
| Investment in fixed assets (approximation) | - | €0 | €-50k | €-31k | €0 | ▲ 100% |
| Change in cash | - | €-585 | €2k | €-1k | €62 | ▲ 106% |
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
21-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 5.83
Current ratio from 1.51 to 5.83; short-term debt falls from €73k to €10k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Kapellen · 1 establishment unit since 2015
Ground area
2,400 m²
Building footprint
246 m²
Volume, LiDAR
666 m³
Parcel 11362M0170/00R000, Flanders · tallest building 4.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
THEUNS ENGINEERING
since 20152.245.541.684
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0170/00R000 | Flanders | 2,400 m² | 1 · 246 m² | 4.8 m · 1 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.
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Of 1,225 companies in sector 33200 we hold annual accounts for 677. 380 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
Founded03-08-2015
Fiscal year end31-12
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
25530Machining of metals
71121Engineering and related technical consultancy, excluding land surveyors
74999Other professional, scientific and technical activities
Contact
Website
www.theunsengineering.com
E-mail
info@theunsengineering.com
Scores and ratios are computed by Checked and are not a credit decision.