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 28.3 to 2.6.
Financials
Financial year 2025
ENGAGOR from Gent, company number BE0834080135, closed financial year 2025 with a result of € 596,390 after tax. For that financial year ENGAGOR recorded revenue of € 2 million and equity of € 12.6 million. Compared with financial year 2024, the result moved from € 3.5 million to € 596,390. 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 October 1, 2026.
€ 12.6 million
▲ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 596,390
▼ 83% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 10.5 million.
People and assets in 2025
2.6
▼ 4.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 744,031
▼ 87% vs 2024
€ 286,200 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 237,218
▼ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 197 days on average.
€ 56,630
▼ 66% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 12,866,360 | € 1,991,627 | ▼ 85% |
| Gross margin | € 5,890,008 | € 13,833,845 | - | - | |
| Profit after taxes | € 1,304,114 | € 6,123,525 | € 3,532,480 | € 596,390 | ▼ 83% |
| Equity | € 2,341,865 | € 8,465,390 | € 11,997,870 | € 12,594,259 | ▲ 5% |
| Total debts | € 6,922,368 | € 8,840,034 | € 5,391,710 | € 293,848 | ▼ 95% |
| Cash | € 562,072 | € 1,660,321 | € 5,031,319 | - | |
| Retained profit | € 277,191 | € 6,400,715 | € 9,933,195 | € 10,529,585 | ▲ 6% |
| Balance sheet total | € 9,264,234 | € 17,673,024 | € 17,427,046 | € 12,894,003 | ▼ 26% |
| Employees (FTE) | 30.7 | 28.3 | 7 | 2.6 | ▼ 4.4 |
Key figures of ENGAGOR, 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 ENGAGOR?
What happened at ENGAGOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Maat Gilmartin stepped down as director. NBB
- Jason Derek stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 596,390 (▼ 83% vs 2024). filed late Source: NBB ↗
- Maat Gilmartin became a director. NBB
- Rachita Sundar stepped down as director. NBB
- Blake Andrew Tierney stepped down as director. NBB
- Jason Derek became a director. NBB
- Rachita Sundar became a director. NBB
In short
From € 1.3 million profit in 2022 to € 596,390 profit in 2025.
Paid € 4 million in corporate taxes since 2022.
Best year ever: 2023, with € 6.1 million profit.
On average € 488,800 of value added per employee in 2023.
Management
Directors
According to the 2025 annual accounts
Rachita Sundar
Director
since 2025 · until 2026
Maat Gilmartin
Director
since 2026 · until 2032
Jason Derek
Director
since 2025 · until 2032
Blake Andrew Tierney
Director
since 2023 · until 2026
Establishments
Establishment units
Physical locations of this company
Grauwpoort 1
9000 Gent
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.
Details
- Company number
- 0834.080.135
- VAT number
- BE 0834.080.135
- Registered office
- Grauwpoort 1, 9000 Gent
- Names & denominations
- ENGAGOR
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 2011
- Peppol
- Active · Active since 4 Dec 2025
- Activities · NACE
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