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VULCAIN ENGINEERING

Active
Private limited companyfounded 2015active for 11 yearsLouizalaan 240, 1050 Elsene, Belgium125 active companies are registered at this addressKBO/BCE: BE 0597.824.163
Summary

VULCAIN ENGINEERING has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €505,464. Equity is growing by about 39% per year across the filed financial years. Its solvency ranks better than 50% of 879 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Engineering and related technical consultancy, excluding land surveyors
NACE 71121
2nd fastest staff growth in the Brussels-Capital Region, Architecture and engineering sector1 site
Size
€16.1mturnover 2025
Staff
110.3 FTE
Equity
€2.5m
Profit
€505,464
Financial health
86 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
Engineering For Good Holdings SAS
Holdings
1
Accounts filed 52 days late4 of 15 deeds read
Why 86raises riskLatest accounts 52 days late; 2 of the last 3 late1 change of registered office in 24 monthslowers riskSize: turnover €16.1m, 110.3 FTE, total assets €6.1mLiquidity: current ratio 1.64, cash €1.0mShow the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 58% of its sector peers (NACE 71, medium-sized)
Financial strength · tick = 2024
Average
Solvency 66+3
equity 41.3% of total assets
Liquidity 42+5
short-term debt 57.4% · cash 17.1%
Profitability 68+11
return on assets 8.2%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (165 companies, NACE 71, medium-sized)
Last 24 months 11-2024: 2.1% 12-2024: 2.4%▲ +0.3 percentage points vs 11-2024 01-2025: 3.3%▲ +0.9 percentage points vs 12-2024highest value 02-2025: 3.3%● unchanged vs 01-2025highest value 03-2025: 1.2%▼ -2.1 percentage points vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 0.8%▼ -0.4 percentage points vs 04-2025 06-2025: 0.9%▲ +0.1 percentage points vs 05-2025 07-2025: 1.0%▲ +0.1 percentage points vs 06-2025 08-2025: 1.3%▲ +0.3 percentage points vs 07-2025 09-2025: 0.2%▼ -1.1 percentage points vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025lowest value 11-2025: 0.2%● unchanged vs 10-2025lowest value 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.4%▲ +0.2 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.2 percentage points vs 07-2026 09-2026: 0.8%▲ +0.2 percentage points vs 08-2026 10-2026: 0.3%▼ -0.5 percentage points vs 09-2026
Credit of up to €210,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.64, compared with 1.57 in 2024, above the usual 1.5; short-term debt: 57.4% and cash: 17.1% of total assets), but 58.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, medium-sized): better than 55% on solvency, 46% on liquidity, 63% on profitability and 69% on growth.

The bankruptcy probability was computed on 19-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Latest accounts 52 days late; 2 of the last 3 late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: turnover €16.1m, 110.3 FTE, total assets €6.1m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.64, cash €1.0m
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
52 days late
2024
on the day
2023
205 days late
2022
31 days late
2021
22 days late
2020
26 days late
2019
90 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 61 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Where today falls in the filing period
20-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: Peeters Consulting Enterprise BV (director)Appointments: Frédéric Grard, Stanislas Gaillard…
  3. Highest result from 2018 to 2025net €505,464 ▲5,711%

Key points

  • Positive: Result rose in 2025from €8,698 to €505,464 ▲ 5,711% View
  • Positive: 2nd fastest staff growth in the Brussels-Capital Region, Architecture and engineering sectorin the Checked rankings No. 2 View
  • Board changedlatest change 01-01-2026 · 3 in office 3 joined · 1 left View
  • Positive: 8 profitable years in a rowprofit 2025: €505,464 8 years View
  • Controlled by Engineering For Good Holdings…known shareholders 100% parent View

By topic

Financials

Financial year
2025
Turnover
€16.1m
Profit
€505,464
Solvency
41.3%
Turnover▲ 4.0%
Net result
20242025
Go to Financials

Board & ownership

Board
3 members
Parent
Engineering For Good Holdings…
Known shareholders
100%
  • Frédéric GrardDirector
  • Stanislas GaillardManaging director
  • Yann Aubry LecomteManaging director
Go to Board & ownership

Timeline

Events
19
Since
2016
Next accounts
by 31-07-2027
  1. 04-12-2025Registered office
  2. 01-08-2025Appointment: Deloitte Bedrijfsrevisoren/Reviseurs d'Entreprises SRL (statutory auditor)
  3. 31-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Engineering and related technical consultancy, excluding land surveyorsNACE 71121
Founded
10-02-2015
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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