Tides Engineering
ActiveSummary
Tides Engineering has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €364k and a net result of €-263. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 60% of 1936 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability67▼-23
Solvency78▲+5
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.15 against 1.89 in 2023; short-term debt: 32.1% and cash: 15.2% of total assets), and 46.6% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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 2024Solvency, return and age of the figures
Solvency
53.4%
Return on assets
0%
Age of the figures
21 mo
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
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 25-07-2025, 6 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
6 d early
2023
111 d early
2022
129 d early
2021
37 d early
2020
43 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€364k▼ 0.1%
2023 · €364k
2018: €233k
2019: €226k▼ -3.2% vs 2018lowest in 7 years
2020: €244k▲ +8.1% vs 2019
2021: €264k▲ +8.1% vs 2020
2022: €286k▲ +8.2% vs 2021
2023: €364k▲ +27.6% vs 2022highest in 7 years
2024: €364k▼ -0.1% vs 2023
2018 → 2024
Total assets
€682k▼ 10.7%
2023 · €764k
2018: €487klowest in 7 years
2019: €517k▲ +6.2% vs 2018
2020: €571k▲ +10.4% vs 2019
2021: €654k▲ +14.6% vs 2020
2022: €693k▲ +5.9% vs 2021
2023: €764k▲ +10.3% vs 2022highest in 7 years
2024: €682k▼ -10.7% vs 2023
2018 → 2024
Net result
€-263
2023 · €129k
2018: €155khighest in 7 years
2019: €-8k▼ -105% vs 2018lowest in 7 years
2020: €18k▲ +343% vs 2019
2021: €20k▲ +8.6% vs 2020
2022: €122k▲ +514% vs 2021
2023: €129k▲ +6.1% vs 2022
2024: €-263▼ -100% vs 2023
2018 → 2024
Working capital
€253k▲ 2.3%
2023 · €247k
2018: €257khighest in 7 years
2019: €231k▼ -10.0% vs 2018
2020: €217k▼ -6.1% vs 2019
2021: €169k▼ -21.9% vs 2020lowest in 7 years
2022: €179k▲ +6.1% vs 2021
2023: €247k▲ +37.7% vs 2022
2024: €253k▲ +2.3% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€244k-€264k▲ 8.1%€286k▲ 8.2%€364k▲ 27.6%€364k▼ 0.1%
2020: €244klowest in 5 years
2021: €264k▲ +8.1% vs 2020
2022: €286k▲ +8.2% vs 2021
2023: €364k▲ +27.6% vs 2022highest in 5 years
2024: €364k▼ -0.1% vs 2023
Operating result€20k-€23k▲ 12.5%€158k▲ 600%€157k▼ 0.7%€19k▼ 87.9%
2020: €20k
2021: €23k▲ +12.5% vs 2020
2022: €158k▲ +600% vs 2021highest in 5 years
2023: €157k▼ -0.7% vs 2022
2024: €19k▼ -87.9% vs 2023lowest in 5 years
Net result€18k-€20k▲ 8.6%€122k▲ 514%€129k▲ 6.1%€-263
2020: €18k
2021: €20k▲ +8.6% vs 2020
2022: €122k▲ +514% vs 2021
2023: €129k▲ +6.1% vs 2022highest in 5 years
2024: €-263▼ -100% vs 2023lowest 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 two years in a row; 2024 is 88% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €682k
Fixed assets
€210k ▼ 12.7%
Current assets
€472k ▼ 9.9%
Equity and liabilities €682k
Equity
€364k ▼ 0.1%
Debt
€318k ▼ 20.5%
Debt's share of the balance-sheet total falls from 52.3% to 46.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€71k▼
2023 · €204k
Cash flow
€52k▼
2023 · €176k
Current ratio
2.15▲
2023 · 1.89
Debt to equity
0.87▼
2023 · 1.10
ROE
-0.1%▼
2023 · 35.4%
ROA
0.0%▼
2023 · 16.9%
Interest coverage
5.78▼
2023 · 32.45
Debt ≤ 1 year
€219k▼
2023 · €276k
Debt > 1 year
€89k▼
2023 · €119k
Income taxes
€10k▼
2023 · €23k
Staff costs
€206k▲
2023 · €141k
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 · 55 lines
Balance sheet
Code20232024
Assets
Total assets20/58€764k€682k▼
Fixed assets21/28€241k€210k▼
Tangible fixed assets22/27€238k€208k▼
Land and buildings22€177k€155k▼
Furniture and vehicles24€61k€53k▼
Financial fixed assets28€3k€3k=
Current assets29/58€523k€472k▼
Amounts receivable after more than one year29€190k€190k=
Other amounts receivable291€190k€190k=
Amounts receivable within one year40/41€172k€150k▼
Trade receivables40€170k€149k▼
Other amounts receivable41€2k€711▼
Cash at bank and in hand54/58€138k€103k▼
Deferred charges and accrued income490/1€23k€28k▲
Equity and liabilities
Total equity and liabilities10/49€764k€682k▼
Equity10/15€364k€364k▼
Contributions10/11€19k€19k=
Reserves13€346k€346k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€346k€346k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€400k€318k▼
Amounts payable after more than one year17€119k€89k▼
Financial debts170/4€119k€89k▼
Amounts payable within one year42/48€276k€219k▼
Current portion of amounts payable after more than one year42€40k€30k▼
Trade debts44€40k€52k▲
Suppliers440/4€40k€52k▲
Taxes, remuneration and social security45€26k€25k▼
Taxes450/3€16k€10k▼
Remuneration and social security454/9€11k€14k▲
Other amounts payable47/48€170k€113k▼
Accrued charges and deferred income492/3€5k€10k▲
Income statement
Code20232024
Remuneration, social security and pensions62€141k€206k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€52k▲
Other operating charges640/8€6k€1k▼
Gross operating margin9900€351k€278k▼
Operating profit (loss)9901€157k€19k▼
Financial income75/76B€1k€3k▲
Recurring financial income75€1k€3k▲
Financial charges65/66B€6k€12k▲
Recurring financial charges65€6k€12k▲
Profit (loss) for the period before taxes9903€152k€10k▼
Income taxes67/77€23k€10k▼
Profit (loss) for the period9904€129k€-263▼
Profit (loss) for the period to be appropriated9905€129k€-263▼
Appropriation of the result
Profit (loss) to be appropriated9906€129k€-263▼
Transfer from equity791/2-€263
Transfer to equity691/2€79k€0▼
To other reserves6921€79k€0▼
Profit to be distributed694/7€50k€0▼
Return on contributions (dividend)694€0-
Directors or managers695€50k€0▼
Social balance
Average headcount (FTE)90872.12.6▲
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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €99k | €146k | €141k | €206k | ▲ 46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €37k | €44k | €47k | €52k | ▲ 10.2% |
| Other operating charges640/8 | - | €1k | €3k | €6k | €1k | ▼ 81.2% |
| Gross operating margin9900 | €131k | €159k | €352k | €351k | €278k | ▼ 20.9% |
| Operating profit (loss)9901 | €20k | €23k | €158k | €157k | €19k | ▼ 87.9% |
| Financial income75/76B | - | €1k | €1k | €1k | €3k | ▲ 185% |
| Recurring financial income75 | €1k | €1k | €1k | €1k | €3k | ▲ 185% |
| Financial charges65/66B | - | €4k | €4k | €6k | €12k | ▲ 94.9% |
| Recurring financial charges65 | €3k | €4k | €4k | €6k | €12k | ▲ 94.9% |
| Profit (loss) for the period before taxes9903 | €19k | €20k | €155k | €152k | €10k | ▼ 93.6% |
| Income taxes67/77 | €379 | €265 | €33k | €23k | €10k | ▼ 56.1% |
| Profit (loss) for the period9904 | €18k | €20k | €122k | €129k | €-263 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €18k | €20k | €122k | €129k | €-263 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €571k | €654k | €693k | €764k | €682k | ▼ 10.7% |
| Fixed assets21/28 | €185k | €271k | €266k | €241k | €210k | ▼ 12.7% |
| Tangible fixed assets22/27 | €182k | €269k | €264k | €238k | €208k | ▼ 12.8% |
| Land and buildings22 | - | €200k | €186k | €177k | €155k | ▼ 12.6% |
| Furniture and vehicles24 | - | €69k | €78k | €61k | €53k | ▼ 13.5% |
| Financial fixed assets28 | €3k | €3k | €3k | €3k | €3k | = |
| Current assets29/58 | €386k | €383k | €427k | €523k | €472k | ▼ 9.9% |
| Amounts receivable after more than one year29 | - | €125k | €125k | €190k | €190k | = |
| Trade receivables290 | - | €125k | - | - | - | - |
| Other amounts receivable291 | - | - | €125k | €190k | €190k | = |
| Amounts receivable within one year40/41 | €169k | €122k | €103k | €172k | €150k | ▼ 13.1% |
| Trade receivables40 | - | €122k | €101k | €170k | €149k | ▼ 12.3% |
| Other amounts receivable41 | - | - | €2k | €2k | €711 | ▼ 68.3% |
| Current investments50/53 | €94k | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €130k | €184k | €138k | €103k | ▼ 25.0% |
| Deferred charges and accrued income490/1 | - | €6k | €15k | €23k | €28k | ▲ 23.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €571k | €654k | €693k | €764k | €682k | ▼ 10.7% |
| Equity10/15 | €244k | €264k | €286k | €364k | €364k | ▼ 0.1% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €226k | €245k | €267k | €346k | €346k | ▼ 0.1% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €244k | €265k | €346k | €346k | ▼ 0.1% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €327k | €390k | €407k | €400k | €318k | ▼ 20.5% |
| Amounts payable after more than one year17 | €157k | €176k | €159k | €119k | €89k | ▼ 25.0% |
| Financial debts170/4 | - | €176k | €159k | €119k | €89k | ▼ 25.0% |
| Amounts payable within one year42/48 | €170k | €214k | €247k | €276k | €219k | ▼ 20.8% |
| Current portion of amounts payable after more than one year42 | - | €33k | €39k | €40k | €30k | ▼ 25.4% |
| Trade debts44 | €61k | €89k | €28k | €40k | €52k | ▲ 27.8% |
| Suppliers440/4 | - | €89k | €28k | €40k | €52k | ▲ 27.8% |
| Taxes, remuneration and social security45 | - | €15k | €22k | €26k | €25k | ▼ 5.2% |
| Taxes450/3 | - | €8k | €14k | €16k | €10k | ▼ 33.5% |
| Remuneration and social security454/9 | - | €7k | €8k | €11k | €14k | ▲ 37.3% |
| Other amounts payable47/48 | - | €77k | €158k | €170k | €113k | ▼ 33.6% |
| Accrued charges and deferred income492/3 | - | - | €1k | €5k | €10k | ▲ 112% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €20k | €122k | €129k | €-263 | ▼ 100% |
| + Depreciation and write-downs630 | €17k | €37k | €44k | €47k | €52k | ▲ 10.2% |
| Operating cash flow (approximation) | €35k | €56k | €166k | €176k | €52k | ▼ 70.7% |
| Investment in fixed assets (approximation) | - | €-123k | €-39k | €-22k | €-21k | ▲ 2.7% |
| Change in cash | - | - | €54k | €-46k | €-35k | ▲ 25.1% |
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
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
04-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
5 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, Gent · 1 establishment unit since 2016
Ground area
977 m²
Building footprint
352 m²
Volume, LiDAR
2,821 m³
Parcel 44074B0608/00A000, Flanders · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Tides Engineering
since 20162.248.802.864
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44074B0608/00A000 | Flanders | 977 m² | 1 · 352 m² | 15.3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 2,501 EUR awarded · 1,007 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,926 EUR | 432 EUR |
| 2024 | 1 | 413 EUR | 413 EUR |
| 2023 | 1 | 162 EUR | 162 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
8945004LICFJGLPABB96
Similar companies · same sector, comparable size
J3CA
BE 0644.431.772
Tielt · Eq €364,352
Molsbrook fifty five
BE 0431.928.330
Lokeren · Eq €364,476
JLK BOUWADVIES
BE 0888.026.585
Lokeren · Eq €364,495
TOPARCHI
BE 0866.143.880
Philippeville · Eq €363,448
ARCHITECTENBUREAU DUGARDYN
BE 0422.154.094
Brugge · Eq €365,131
Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 4,451 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
Founded28-01-2015
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.