ENGINEERING en IMPORT MAHIEU
ActiveENGINEERING en IMPORT MAHIEU has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €643k and a net result of €61k. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 66% of 9099 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
83
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-25
Solvency90▲+11
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.23 in 2024), and 48.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
51.7%
Return on assets
4.9%
Age of the figures
8 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
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
23 d early
2023
19 d early
2022
23 d late
2021
58 d early
2020
39 d early
2019
42 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€643k▼ 3.3%
2024 · €665k
2018: €436k
2019: €490k
2020: €544k
2021: €567k
2022: €577k
2023: €660k
2024: €665k
2018 → 2025
Total assets
€1.24M▼ 2.1%
2024 · €1.27M
2018: €740k
2019: €732k
2020: €604k
2021: €763k
2022: €734k
2023: €776k
2024: €1.27M
2018 → 2025
Net result
€61k▼ 36.6%
2024 · €97k
2018: €92k
2019: €54k
2020: €55k
2021: €125k
2022: €82k
2023: €115k
2024: €97k
2018 → 2025
Working capital
€443k▲ 215%
2024 · €141k
2018: €387k
2019: €473k
2020: €533k
2021: €562k
2022: €565k
2023: €647k
2024: €141k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€567k-€577k▲ 1.7%€660k▲ 14.4%€665k▲ 0.7%€643k▼ 3.3%
Operating result€192k-€120k▼ 37.4%€169k▲ 40.5%€140k▼ 16.9%€97k▼ 30.6%
Net result€125k-€82k▼ 34.1%€115k▲ 40.2%€97k▼ 15.9%€61k▼ 36.6%
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; 2025 is 31% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.24M
Fixed assets
€200k▼ 61.9%
Current assets
€1.04M▲ 39.7%
Equity and liabilities €1.24M
Equity
€643k▼ 3.3%
Debt
€601k▼ 0.9%
The debt ratio rises from 47.7% to 48.3%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€154k▲
2024 · €152k
Cash flow
€118k▲
2024 · €109k
Solvency
51.7%▼
2024 · 52.3%
Current ratio
1.74▲
2024 · 1.23
Quick ratio
1.46▲
2024 · 0.98
Debt / equity
0.93▲
2024 · 0.91
ROE
9.6%▼
2024 · 14.6%
ROA
4.9%▼
2024 · 7.6%
Interest coverage
4.55▼
2024 · 260.36
Debt
€601k▼
2024 · €606k
Debt ≤ 1 year
€601k▼
2024 · €606k
Income taxes
€22k▼
2024 · €43k
Staff costs
€210k▲
2024 · €161k
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€1.27M€1.24M▼
Fixed assets21/28€524k€200k▼
Tangible fixed assets22/27€137k€200k▲
Land and buildings22€0€0=
Plant, machinery and equipment23€135k€198k▲
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€387k-
Current assets29/58€747k€1.04M▲
Stocks and contracts in progress3€155k€169k▲
Stocks30/36€155k€169k▲
Amounts receivable within one year40/41€299k€372k▲
Trade receivables40€286k€319k▲
Other amounts receivable41€13k€53k▲
Current investments50/53€250k-
Cash at bank and in hand54/58€41k€500k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.27M€1.24M▼
Equity10/15€665k€643k▼
Contributions10/11€6k€6k=
Reserves13€658k€636k▼
Distributable reserves133€658k€636k▼
Amounts payable17/49€606k€601k▼
Amounts payable within one year42/48€606k€601k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Taxes, remuneration and social security45€54k€74k▲
Taxes450/3€31k€45k▲
Remuneration and social security454/9€23k€30k▲
Other amounts payable47/48€550k€522k▼
Income statement
Code20242025
Non-recurring operating income76A-€8k
Remuneration, social security and pensions62€161k€210k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€57k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€316k€368k▲
Operating profit (loss)9901€140k€97k▼
Financial income75/76B€249€20k▲
Recurring financial income75€249€20k▲
Financial charges65/66B€585€34k▲
Recurring financial charges65€585€34k▲
Profit (loss) for the period before taxes9903€140k€83k▼
Income taxes67/77€43k€22k▼
Profit (loss) for the period9904€97k€61k▼
Profit (loss) for the period to be appropriated9905€97k€61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€97k€61k▼
Transfer from equity791/2€92k€54k▼
Transfer to equity691/2€97k€61k▼
To other reserves6921€97k€61k▼
Profit to be distributed694/7€92k€54k▼
Return on contributions (dividend)694€92k€54k▼
Social balance
Average headcount (FTE)90872.83.9▲
The notes to these accounts (8 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 · abbreviated schema · 27 days late
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €125k ▲129%
Operating result €192k, net result €125k, both a record.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity triplescurrent ratio 9.95
Current ratio from 2.95 to 9.95; short-term debt falls from €242k to €60k.
31-12
Financial
Equity above €500kEq €544k ▲11.1%
3 profitable years in a row build equity to €544k.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €54k ▼41.5%
Net result drops to €54k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Wevelgem · 1 establishment unit since 1993
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.
Normandiëstraat 748560 WevelgemGround area
1,459 m²
Building footprint
200 m²
Volume, LiDAR
1,229 m³
Parcel 34041A0420/00P003, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Normandiëstraat 74, 8560 Wevelgem
since 19932.060.684.727
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34041A0420/00P003 | Flanders | 1,459 m² | 1 · 200 m² | 8.7 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 12,863 EUR awarded · 12,863 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 4,646 EUR | 4,646 EUR |
| 2022 | 1 | 8,217 EUR | 8,217 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Similar companies · same sector, comparable size
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OTTEN NATUURSTEEN
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Broux-Kiggen
BE 0401.285.931
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NATUURSTEEN BREE
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Bree · Eq €633k
Of 736 companies in sector 23700 we hold annual accounts for 489. 380 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-1993
Fiscal year end31-12
Abbreviation NL
E.I.M.
Activities, NACEBEL
23700Cutting, shaping and finishing of stone
26700
68121Development of residential building projects
70111
43350Other building finishing work
43990Other specialised construction activities
43999Specialised construction activities
45250
46130Agents in the wholesale of timber and building materials
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.