Van Giels Engineering
ActiveVan Giels Engineering has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €-5k. Equity is growing by ~28.7% per year across the filed fiscal years. Its solvency ranks better than 26% of 2002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▼-19
Solvency49▼-6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.77 in 2024; short-term debt: 35.5% and cash: 0.2% of total assets), and 76.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 71
Relative position
BE, all sectors
reference
Sector 71
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
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 6 filingsDeviation from the deadline
2025
30 d late
2024
17 d early
2023
17 d early
2022
20 d early
2021
18 d early
2020
25 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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€147k▼ 3.3%
2024 · €152k
2020: €23k
2021: €33k
2022: €73k
2023: €124k
2024: €152k
2020 → 2025
Total assets
€617k▲ 20.6%
2024 · €512k
2020: €102k
2021: €140k
2022: €136k
2023: €512k
2024: €512k
2020 → 2025
Net result
€-5k
2024 · €27k
2020: €44k
2021: €56k
2022: €40k
2023: €69k
2024: €27k
2020 → 2025
Working capital
€52k▼ 19.7%
2024 · €65k
2020: €7k
2021: €22k
2022: €66k
2023: €72k
2024: €65k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€73k▲ 120%€124k▲ 69.4%€152k▲ 22.0%€147k▼ 3.3%
Operating result€79k-€59k▼ 24.4%€114k▲ 91.9%€63k▼ 44.5%€20k▼ 67.6%
Net result€56k-€40k▼ 28.3%€69k▲ 72.1%€27k▼ 60.2%€-5k
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 has fallen two years in a row; 2025 is 68% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €617k
Fixed assets
€346k▼ 4.6%
Current assets
€271k▲ 82.3%
Equity and liabilities €617k
Equity
€147k▼ 3.3%
Debt
€471k▲ 30.7%
The debt ratio rises from 70.4% to 76.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€44k▼
2024 · €80k
Cash flow
€19k▼
2024 · €44k
Solvency
23.7%▼
2024 · 29.6%
Current ratio
1.24▼
2024 · 1.77
Quick ratio
0.92▼
2024 · 1.14
Debt / equity
3.21▲
2024 · 2.38
ROE
-3.4%▼
2024 · 18.1%
ROA
-0.8%▼
2024 · 5.4%
Interest coverage
1.93▼
2024 · 3.29
Debt
€471k▲
2024 · €360k
Debt ≤ 1 year
€219k▲
2024 · €84k
Debt > 1 year
€252k▼
2024 · €276k
Income taxes
€4k▼
2024 · €12k
Staff costs
€35k▲
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€512k€617k▲
Fixed assets21/28€363k€346k▼
Tangible fixed assets22/27€363k€346k▼
Land and buildings22€296k€291k▼
Plant, machinery and equipment23€8k€7k▼
Furniture and vehicles24€1k€3k▲
Leasing and similar rights25€57k€44k▼
Current assets29/58€149k€271k▲
Stocks and contracts in progress3€53k€70k▲
Stocks30/36€53k€70k▲
Amounts receivable within one year40/41€85k€196k▲
Trade receivables40€72k€156k▲
Other amounts receivable41€13k€40k▲
Cash at bank and in hand54/58€1k€1k=
Deferred charges and accrued income490/1€9k€4k▼
Equity and liabilities
Total equity and liabilities10/49€512k€617k▲
Equity10/15€152k€147k▼
Contributions10/11€1k€1k=
Reserves13€151k€148k▼
Distributable reserves133€151k€148k▼
Profit (loss) carried forward14€0€-2k▼
Amounts payable17/49€360k€471k▲
Amounts payable after more than one year17€276k€252k▼
Financial debts170/4€276k€252k▼
Amounts payable within one year42/48€84k€219k▲
Current portion of amounts payable after more than one year42€23k€25k▲
Financial debts43€22k€31k▲
Credit institutions430/8€22k€31k▲
Trade debts44€22k€152k▲
Suppliers440/4€22k€152k▲
Taxes, remuneration and social security45€16k€8k▼
Taxes450/3€16k€66▼
Remuneration and social security454/9€248€7k▲
Other amounts payable47/48€467€4k▲
Income statement
Code20242025
Remuneration, social security and pensions62€4k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€24k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-11k€21k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€663€0▼
Gross operating margin9900€76k€103k▲
Operating profit (loss)9901€63k€20k▼
Financial income75/76B€405€2k▲
Recurring financial income75€405€2k▲
Financial charges65/66B€24k€23k▼
Recurring financial charges65€24k€23k▼
Profit (loss) for the period before taxes9903€39k€-664▼
Income taxes67/77€12k€4k▼
Profit (loss) for the period9904€27k€-5k▼
Profit (loss) for the period to be appropriated9905€27k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€-5k▼
Transfer from equity791/2-€3k
Transfer to equity691/2€27k€0▼
To other reserves6921€27k€0▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Directors or managers695€0-
Social balance
Average headcount (FTE)90870.10.8▲
The notes to these accounts (15 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
31-12
Financial
Weakest financial yearnet €-5k ▼118%
Net result drops to €-5k, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €150kEq €152k ▲22%
5 profitable years in a row build equity to €152k.
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2020net €69k ▲72.1%
Operating result €114k, net result €69k, both a record.
31-12
Financial
Equity above €100kEq €124k ▲69.4%
4 profitable years in a row build equity to €124k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Kalmthout · 1 establishment unit since 2014
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.
Zandstraat (Ab) 32920 KalmthoutGround area
1,107 m²
Building footprint
156 m²
Volume, LiDAR
599 m³
Parcel 11662A0096/00P000, Flanders · tallest building 6.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Van Giels Engineering
since 20142.236.686.475
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11662A0096/00P000 | Flanders | 1,107 m² | 1 · 156 m² | 6.9 m · 1 fl. |
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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesVan Giels Engineering BV#10202
Van Giels Engineering BV44793
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,561. 5,232 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-04-2014
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.