Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 20.6 to 15.3.
Financials
Financial year 2025
Engels Renovatiebedrijf from Hasselt, company number BE0467673028, closed financial year 2025 with a result of € 75,046 after tax. For that financial year Engels Renovatiebedrijf recorded a gross margin of € 1.2 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 371,663 to € 75,046. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 24, 2026.
€ 1.7 million
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 75,046
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 403,472
▲ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 151,750 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
15.3
▼ 3.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 847,591
▼ 3% vs 2024
€ 55,400 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.
€ 290,889
▲ 24% vs 2024
Of which on lease € 79,315.
Debts at end 2025
€ 1.2 million
▲ 25% vs 2024
€ 150,122 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 131,240
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 75,655
▼ 27% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,319,486 | € 1,345,616 | € 1,620,128 | € 1,161,618 | ▼ 28% |
| Profit after taxes | € 277,796 | € 165,756 | € 371,663 | € 75,046 | ▼ 80% |
| Equity | € 1,194,352 | € 1,357,971 | € 1,727,496 | € 1,650,792 | ▼ 4% |
| Total debts | € 1,372,079 | € 1,270,452 | € 1,239,490 | € 1,522,149 | ▲ 23% |
| Cash | € 306,498 | € 290,292 | € 259,002 | € 403,472 | ▲ 56% |
| Land & buildings | € 389,810 | € 376,344 | € 305,773 | € 295,250 | ▼ 3% |
| Retained profit | € 1,104,352 | € 1,267,971 | € 1,637,496 | € 1,560,792 | ▼ 5% |
| Dividend | € 2,138 | € 2,138 | € 2,138 | € 151,750 | ▲ € 149,612 |
| Bank debt | € 790,657 | € 987,556 | € 941,938 | € 1,178,337 | ▲ 25% |
| Balance sheet total | € 2,566,431 | € 2,628,423 | € 2,999,549 | € 3,196,850 | ▲ 7% |
| Employees (FTE) | 16.6 | 20.6 | 18.5 | 15.3 | ▼ 3.2 |
Key figures of Engels Renovatiebedrijf, 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 Engels Renovatiebedrijf?
What happened at Engels Renovatiebedrijf in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Engels Projects BV stepped down as director. NBB
- Mehmet Aydin stepped down as director. NBB
- Cihat Korkmaz stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 75,046 (▼ 80% vs 2024). Source: NBB ↗
- Engels Projects BV became a director. NBB
- Mehmet Aydin became a director. NBB
- Cihat Korkmaz became a director. NBB
- New establishment in Hasselt. KBO
In short
From € 277,796 profit in 2022 to € 75,046 profit in 2025.
Paid € 356,130 in corporate taxes since 2022.
Best year ever: 2024, with € 371,663 profit.
On average € 75,900 of value added per employee in 2025.
A new publication or filing at Engels Renovatiebedrijf? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
since 2021 · until 2027
Director · represented by Emre Korkmaz
since 2023 · until 2029
Cihat Korkmaz
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Herdersstraat 4 box b
3500 Hasselt
Herdersstraat 4
3500 Hasselt
Active since 1 March 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
AS-ZXCS, NL
Website info
Features
Security
Network
Details
- Company number
- 0467.673.028
- VAT number
- BE 0467.673.028
- Registered office
- Herdersstraat 4 bus b, 3500 Hasselt
- Names & denominations
- Engels Renovatiebedrijf
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 1999
- Peppol
- Active · Active since 16 Feb 2026
- Activities · NACE
Dakwerkzaamheden
Dakbedekking en bouw van dakconstructies
Glaszetten