MECHANICAL ENGINEERING
ActiveMECHANICAL ENGINEERING has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €284k and a net result of €-11k. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 94% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-10
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 12.01 against 7.57 in 2023), and 7.4% 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+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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
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
92.6%
Return on assets
-3.7%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
not confirmed
2024
28 d late
2023
13 d late
2022
31 d late
2021
26 d late
2020
31 d late
2019
70 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€284k▼ 4.8%
2023 · €298k
2018: €446k
2019: €410k
2020: €387k
2021: €289k
2022: €292k
2023: €298k
2018 → 2024
Total assets
€307k▼ 9.1%
2023 · €337k
2018: €494k
2019: €453k
2020: €423k
2021: €391k
2022: €334k
2023: €337k
2018 → 2024
Net result
€-11k
2023 · €6k
2018: €35k
2019: €-37k
2020: €-22k
2021: €-8k
2022: €3k
2023: €6k
2018 → 2024
Working capital
€250k▼ 2.1%
2023 · €255k
2018: €371k
2019: €346k
2020: €336k
2021: €258k
2022: €273k
2023: €255k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€387k-€289k▼ 25.3%€292k▲ 1.1%€298k▲ 2.1%€284k▼ 4.8%
Operating result€-23k-€-7k▲ 68.6%€4k€6k▲ 64.1%€-16k
Net result€-22k-€-8k▲ 63.7%€3k€6k▲ 100%€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €16k after €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €307k
Fixed assets
€34k▼ 20.9%
Current assets
€273k▼ 7.3%
Equity and liabilities €307k
Equity
€284k▼ 4.8%
Debt
€23k▼ 41.6%
The debt ratio falls from 11.5% to 7.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-7k▼
2023 · €25k
Cash flow
€-3k▼
2023 · €25k
Solvency
92.6%▲
2023 · 88.5%
Current ratio
12.01▲
2023 · 7.57
Quick ratio
11.62▲
2023 · 7.57
Debt / equity
0.08▼
2023 · 0.13
ROE
-4.0%▼
2023 · 2.0%
ROA
-3.7%▼
2023 · 1.8%
Interest coverage
-22.41▼
2023 · 183.11
Debt
€23k▼
2023 · €39k
Debt ≤ 1 year
€23k▼
2023 · €39k
Income taxes
€951▼
2023 · €1k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€337k€307k▼
Fixed assets21/28€43k€34k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€32k€23k▼
Land and buildings22€4k€3k▼
Plant, machinery and equipment23€22k€17k▼
Furniture and vehicles24€6k€4k▼
Other tangible fixed assets26€0-
Financial fixed assets28€10k€10k=
Current assets29/58€294k€273k▼
Stocks and contracts in progress3-€9k
Stocks30/36-€9k
Amounts receivable within one year40/41€6k€47k▲
Trade receivables40€5k€45k▲
Other amounts receivable41€842€2k▲
Current investments50/53€206k€208k▲
Cash at bank and in hand54/58€82k€9k▼
Equity and liabilities
Total equity and liabilities10/49€337k€307k▼
Equity10/15€298k€284k▼
Contributions10/11€6k€6k=
Reserves13€212k€212k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€205k€0▼
Distributable reserves133€8k€212k▲
Profit (loss) carried forward14€77k€65k▼
Investment grants15€3k€0▼
Provisions and deferred taxes16€0-
Provisions for liabilities and charges160/5€0-
Environmental obligations163€0-
Amounts payable17/49€39k€23k▼
Amounts payable within one year42/48€39k€23k▼
Current portion of amounts payable after more than one year42€0-
Financial debts43-€0
Credit institutions430/8-€0
Trade debts44€21k€19k▼
Suppliers440/4€21k€19k▼
Advances received on contracts in progress46€12k€0▼
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€4k€871▼
Remuneration and social security454/9€2k€2k▲
Other amounts payable47/48€0€392▲
Income statement
Code20232024
Non-recurring operating income76A-€6k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€9k▼
Other operating charges640/8€1k€781▼
Gross operating margin9900€26k€-7k▼
Operating profit (loss)9901€6k€-16k▼
Financial income75/76B€1k€6k▲
Recurring financial income75€1k€6k▲
Financial charges65/66B€137€329▲
Recurring financial charges65€137€329▲
Profit (loss) for the period before taxes9903€7k€-10k▼
Income taxes67/77€1k€951▼
Profit (loss) for the period9904€6k€-11k▼
Transfer from tax-exempt reserves789-€205k
Profit (loss) for the period to be appropriated9905€6k€193k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€270k▲
Profit (loss) brought forward from the previous period14P€77k€77k▲
Transfer to equity691/2€6k€205k▲
To other reserves6921€6k€205k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 9.87
Current ratio from 4.03 to 9.87; short-term debt falls from €85k to €31k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet €-37k ▼206%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Oupeye · 1 establishment unit since 2004
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.
Rue de Pontisse 794683 OupeyeGround area
509 m²
Building footprint
86 m²
Parcel 62109A0476/00B000, Wallonia. Linked by address, not a title deed.
1 establishment unit
SPRL MECHANICAL ENGINEERING
since 20042.144.150.554
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62109A0476/00B000 | Wallonia | 509 m² | 1 · 86 m² | - |
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.
Similar companies · same sector, comparable size
Onroerend Goed Invest
BE 0428.504.230
Izegem · Eq €283k
SPS
BE 0883.922.297
Dessel · Eq €285k
System-Inox
BE 0672.630.365
Héron · Eq €283k
MESTDAGH
BE 0836.496.227
Ledegem · Eq €285k
STEUKERS TECHNIEK
BE 0439.001.610
Alken · Eq €283k
Of 3,448 companies in sector 25530 we hold annual accounts for 1,645. 1,331 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-2004
Fiscal year end31-12
Activities, NACEBEL
25530Machining of metals
28520
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.