Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 53.4 to 46.4.
Financials
Financial year 2025
ENGELS GROUP from Malle, company number BE0415144459, closed financial year 2025 with a result of € 67,246 after tax. For that financial year ENGELS GROUP recorded revenue of € 23.7 million and equity of € 582,107. Compared with financial year 2025, the result moved from € -1.3 million to € 67,246. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ 582,107
▲ 13% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 67,246
▲ still € 1.3 million loss in 2025
Profit after tax over the fiscal year.
€ 38,621
▼ 70% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 448,207.
People and assets in 2025
46.4
▼ 4.2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 2.8 million
▼ 28% vs 2025
€ 59,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 406,984
▼ 31% vs 2025
Of which on lease € 21,038.
Debts at end 2025
€ 7 million
▼ 28% vs 2025
€ 273,937 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 2.6 million
▼ 16% vs 2025
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 47 days on average.
€ 809,363
▲ 23% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2025 | Change 2025 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 38,689,189 | € 33,670,632 | € 29,062,368 | € 23,724,683 | ▼ 18% |
| Profit after taxes | € -492,605 | € -1,015,557 | € -1,346,074 | € 67,246 | ▲ € 1.4 million |
| Equity | € 2,876,492 | € 1,860,935 | € 514,861 | € 582,107 | ▲ 13% |
| Total debts | € 13,868,815 | € 14,065,808 | € 13,695,285 | € 10,490,101 | ▼ 23% |
| Cash | € 224,606 | € 115,543 | € 127,424 | € 38,621 | ▼ 70% |
| Land & buildings | € 11,823 | € 4,368 | € 620 | € 0 | ▼ 100% |
| Retained profit | € 2,742,592 | € 1,727,035 | € 380,961 | € 448,207 | ▲ 18% |
| Bank debt | € 10,144,850 | € 10,181,988 | € 9,710,060 | € 7,039,006 | ▼ 28% |
| Balance sheet total | € 16,745,307 | € 15,926,743 | € 14,210,146 | € 11,072,209 | ▼ 22% |
| Employees (FTE) | 55.5 | 53.4 | 50.6 | 46.4 | ▼ 4.2 |
Key figures of ENGELS GROUP, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ENGELS GROUP?
What happened at ENGELS GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.3 million. Source: NBB ↗
- EriseD BV became a director. NBB
- Pieter Engels became a director. NBB
- TRIPLE L BV became a director. NBB
- New establishment in Malle. KBO
- Start of the company according to the CBE. KBO
In short
From € 492,605 loss in 2023 to € 67,246 profit in 2025.
Paid € 14,596 in corporate taxes since 2023.
Best year ever: 2025, with € 67,246 profit.
Pays suppliers within 47 days on average.
Management
The stake of J A R C ((JARC)) comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ENGELS GROUPBehind ENGELS GROUP are EriseD BV, Pieter Engels and TRIPLE L BV. The shares are held by J A R C ((JARC)) (100%).
Directors
According to the 2025 annual accounts
Director · represented by Marc Engels
since 2024
since 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industrieweg 19
2390 Malle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
HETZNER-AS, DE
Website info
Features
Security
Network
Details
- Company number
- 0415.144.459
- VAT number
- BE 0415.144.459
- Registered office
- Industrieweg 19, 2390 Malle
- Names & denominations
- ENGELS GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 June 1975
- Peppol
- Active · Active since 30 Sept 2025
- Contact
- engels.be 03/231.88.84
- Activities · NACE
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