Financials
Financial year 2025
ENGICON from Harelbeke, company number BE0421949505, closed financial year 2025 with a result of € -12.5 million after tax. For that financial year ENGICON recorded revenue of € 105.9 million and equity of € 16.2 million. Compared with financial year 2024, the result moved from € 167,196 to € -12.5 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on January 21, 2026.
€ 16.2 million
▼ 43% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -12.5 million
▼ still € 167,196 profit in 2024
Profit after tax over the fiscal year.
€ 9.2 million
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -9 million.
People and assets in 2025
225
▲ 30.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 20.8 million
▲ 12% vs 2024
€ 92,500 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.
€ 592,697
▼ 25% vs 2024
Of which on lease € 176,569.
Debts at end 2025
€ 4.1 million
▲ 151% vs 2024
€ 759,765 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 10.9 million
▼ 25% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 45 days on average.
€ 4.3 million
▼ 1% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 93,809,787 | € 90,968,148 | € 106,087,693 | € 105,928,533 | |
| Profit after taxes | € 227,374 | € 518,472 | € 167,196 | € -12,453,473 | ▼ € 12.6 million |
| Equity | € 27,967,129 | € 28,485,601 | € 28,652,796 | € 16,199,323 | ▼ 43% |
| Total debts | € 25,875,021 | € 45,193,618 | € 35,202,180 | € 31,220,921 | ▼ 11% |
| Cash | € 12,391,843 | € 18,569,662 | € 8,993,877 | € 9,213,240 | ▲ 2% |
| Land & buildings | € 7,342,681 | € 7,653,673 | € 7,483,603 | € 7,394,211 | ▼ 1% |
| Retained profit | € 2,723,587 | € 3,242,058 | € 3,409,254 | € -9,044,219 | ▼ € 12.5 million |
| Bank debt | € 1,281,012 | € 2,288,123 | € 1,651,099 | € 4,146,982 | ▲ 151% |
| Balance sheet total | € 53,846,325 | € 73,679,218 | € 63,854,976 | € 47,420,245 | ▼ 26% |
| Employees (FTE) | 161.9 | 168.9 | 194.5 | 225 | ▲ 30.5 |
Key figures of ENGICON, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to ENGICON?
What happened at ENGICON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- OMICON BV stepped down as director. NBB
- XAMECON BV stepped down as director. NBB
- PROPER@VIES BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 12.5 million (▼ € 12.6 million vs 2024). Source: NBB ↗
- OMICON BV became a director. NBB
- XAMECON BV became a director. NBB
- Marc MEURISSE stepped down as director. NBB
- Xavier MESTDAG stepped down as director. NBB
In short
From € 227,374 profit in 2022 to € 12.5 million loss in 2025.
Paid € 1.6 million in corporate taxes since 2022.
Best year ever: 2023, with € 518,472 profit.
Pays suppliers within 45 days on average.
Management
The shares are held by OMICON BV (50%) and XAMECON BV (50%). It owns 100% of ENGICON NEDERLAND BV, 99% of ENGICON Sp. z o.o. and 10% of NLB HOLDING BV itself.
Directors
According to the 2025 annual accounts
since 2025 · until 2030
since 2022 · until 2024
Managing director · represented by PETER VERREPT
since 2021 · until 2027
Director · represented by Xavier Mestdag
since 2025 · until 2030
Xavier MESTDAG
Director
since 2022 · until 2024
Shareholders
50%
50%
Participations
ENGICON NEDERLAND BV
100%
ENGICON Sp. z o.o.
99%
NLB HOLDING BV
10%
Establishments
Establishment units
Physical locations of this company
Broelstraat 20
8530 Harelbeke
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0421.949.505
- VAT number
- BE 0421.949.505
- Registered office
- Broelstraat 20, 8530 Harelbeke
- Names & denominations
- ENGICON
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 October 1981
- Peppol
- Active · Active since 19 Dec 2025
- Activities · NACE
Vervaardiging van tanks, reservoirs en bergingsmiddelen van metaal
Vervaardiging van andere tanks, reservoirs en bergingsmiddelen, van metaal
Smeden van metaal
Vervaardiging van metalen constructiewerken en delen daarvan
Algemene elektrotechnische installatiewerken
Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts
Elektrische installatie
Technische studiën en ingenieursactiviteiten