Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
General Engineering & Consulting from Oostende, company number BE0432162417, closed financial year 2025 with a result of € 43,037 after tax. For that financial year General Engineering & Consulting recorded a gross margin of € 649,638 and equity of € 7.3 million. Compared with financial year 2024, the result moved from € 61,428 to € 43,037. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on February 26, 2026.
€ 7.3 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 43,037
▼ 30% vs 2024
Profit after tax over the fiscal year.
€ 463,118
▼ 16% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 278,244.
People and assets in 2025
€ 41,001
▲ 5% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 73,692
▼ 13% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 160,170
▼ 50% vs 2024
€ 115,795 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 332,606
▲ € 318,832 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 96,542
▲ € 79,105 vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 509,531 | € 573,374 | € 595,163 | € 649,638 | ▲ 9% |
| Profit after taxes | € 33,602 | € 58,376 | € 61,428 | € 43,037 | ▼ 30% |
| Equity | € 6,358,550 | € 6,416,926 | € 7,212,767 | € 7,255,804 | ▲ 1% |
| Total debts | € 1,460,850 | € 1,244,184 | € 1,113,748 | € 1,381,483 | ▲ 24% |
| Cash | € 1,943,256 | € 527,931 | € 549,016 | € 463,118 | ▼ 16% |
| Land & buildings | € 5,327,731 | € 5,038,488 | € 5,600,989 | € 5,009,376 | ▼ 11% |
| Retained profit | € 281,557 | € 339,933 | € 235,207 | € 278,244 | ▲ 18% |
| Dividend | € 472,426 | € 0 | € 166,155 | € 0 | ▼ 100% |
| Bank debt | € 647,682 | € 485,178 | € 322,674 | € 160,170 | ▼ 50% |
| Balance sheet total | € 7,819,400 | € 7,661,110 | € 8,326,515 | € 8,637,287 | ▲ 4% |
Key figures of General Engineering & Consulting, fiscal years 2022 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 General Engineering & Consulting?
What happened at General Engineering & Consulting in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 43,037 (▼ 30% vs 2024). Source: NBB ↗
- Tom Musschoot became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 33,602 profit in 2022 to € 43,037 profit in 2025.
Paid € 54,107 in corporate taxes since 2022.
Best year ever: 2024, with € 61,428 profit.
Paid out € 638,581 in dividends to the owners in total.
Management
Behind General Engineering & Consulting is Tom Musschoot.
Directors
According to the 2025 annual accounts
Tom Musschoot
Director
since 2016
Establishments
Establishment units
Physical locations of this company
Baanhofstraat 8
8400 Oostende
Zilversparrenstraat 28
8310 Brugge
Active since 19 October 1987
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.162.417
- VAT number
- BE 0432.162.417
- Registered office
- Baanhofstraat 8, 8400 Oostende
- Names & denominations
- General Engineering & Consulting · GENCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 October 1987
- Peppol
- Active · Active since 5 Jan 2026
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