Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Target Engineering Recruitment from Mechelen, company number BE0650762211, closed financial year 2025 with a result of € -16,438 after tax. For that financial year Target Engineering Recruitment recorded a gross margin of € -9,639 and equity of € -252,950. Compared with financial year 2024, the result moved from € -112,327 to € -16,438. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ -252,950
▼ € 16,438 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -16,438
▲ 85 % less loss than in 2024
Profit after tax over the fiscal year.
€ 2,151
▼ 85% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -261,010.
People and assets in 2025
0
▼ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 583
▼ € 270,734 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.
€ 551
▼ 41% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 715
▼ 95% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 67,373 | € 267,965 | € 175,627 | € -9,639 | ▼ € 185,267 |
| Profit after taxes | € -104,090 | € 12,829 | € -112,327 | € -16,438 | ▲ € 95,889 |
| Equity | € -137,013 | € -124,184 | € -236,511 | € -252,950 | ▼ € 16,438 |
| Total debts | € 330,120 | € 314,519 | € 288,464 | € 270,340 | ▼ 6% |
| Cash | € 4,405 | € 5,426 | € 14,585 | € 2,151 | ▼ 85% |
| Retained profit | € -145,073 | € -132,244 | € -244,571 | € -261,010 | ▼ € 16,438 |
| Bank debt | € 9,805 | € 16,000 | € 25,126 | € 0 | ▼ 100% |
| Balance sheet total | € 193,107 | € 190,335 | € 51,953 | € 17,390 | ▼ 67% |
| Employees (FTE) | 2.6 | 3 | 3.6 | 0 | ▼ 3.6 |
Key figures of Target Engineering Recruitment, 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 Target Engineering Recruitment?
What happened at Target Engineering Recruitment in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 16,438. Source: NBB ↗
- ELMOS GROUP became a director. NBB
- D.M.C. BV became a director. NBB
- New establishment in Mechelen. KBO
- Start of the company according to the CBE. KBO
In short
From € 104,090 loss in 2022 to € 16,438 loss in 2025.
Paid € 1,981 in corporate taxes since 2022.
Best year ever: 2023, with € 12,829 profit.
On average € 48,800 of value added per employee in 2024.
Management
The stake of CONTRACT I.T., ElmosGroup comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Target Engineering RecruitmentBehind Target Engineering Recruitment are D.M.C. BV and ELMOS GROUP . The shares are held by CONTRACT I.T. (100%) and ElmosGroup (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Liesbeth DEBRUYN
Also active at: Assign Holding, Assign KMO IT services, Target IT Recruitment, ElmosExpert, ASSIGN
since 2020
Director · represented by Eddy Lambaerts
Also active at: ELMOS, Elmos & Partners, Target IT Recruitment, ElmosExpert, CONTRACT I.T.
since 2025
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Generaal De Wittelaan 9 box 1B
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →CEWE Belgium NV
€ 17.4 million revenue · 2025
VEDEFAR
€ 510,921 gross margin · 2025
STREET ONE RETAIL BELGIUM
HAMMER DISTRIBUTION BE
€ 674,097 gross margin · 2025
VIRTEO
+4 more
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
COMBELL-AS, BE
Domain
Domain
target-recruitment.eu
Registrar
Telenet NV (Hosting & Cloud)
Website info
Features
Security
Network
Details
- Company number
- 0650.762.211
- VAT number
- BE 0650.762.211
- Registered office
- Generaal De Wittelaan 9 bus 1B, 2800 Mechelen
- Names & denominations
- Target Engineering Recruitment · Target Engineering
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 2016
- Peppol
- Active · Active since 14 Oct 2025
- Contact
- target-recruitment.eu
- Activities · NACE
Overige zakelijke dienstverlening, neg
Overige rechtskundige dienstverlening