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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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2023; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2023
ENGINEERING FIRST from Elsene, company number BE0891413964, closed financial year 2023 with a result of € -265 after tax. For that financial year ENGINEERING FIRST recorded a gross margin of € -265 and equity of € 20,195. Compared with financial year 2022, the result moved from € -9,143 to € -265. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 29, 2026.
€ 20,195
▲ 114% vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -265
▲ 97 % less loss than in 2022
Profit after tax over the fiscal year.
€ 151
▼ 32% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1,595.
Debts at end 2023
€ 60,625
▲ 10% vs 2022
€ 5,478 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 416
Supplier invoices still open on the last day of the fiscal year.
€ 124,745
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2020 | 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|---|
| Gross margin | € 24,666 | € 0 | € -5,512 | € -265 | ▲ € 5,247 |
| Profit after taxes | € 28,148 | € 0 | € -9,143 | € -265 | ▲ € 8,878 |
| Equity | € 416,445 | € 131,428 | € 9,457 | € 20,195 | ▲ 114% |
| Total debts | € 247,615 | € 101,609 | € 398,491 | € 400,139 | |
| Cash | € 10 | € 8 | € 222 | € 151 | ▼ 32% |
| Land & buildings | € 110,968 | € 110,968 | € 350,968 | € 350,968 | |
| Retained profit | € 397,845 | € 1,860 | € -9,143 | € 1,595 | ▲ € 10,738 |
| Bank debt | € 71,633 | € 66,848 | € 55,041 | € 60,625 | ▲ 10% |
| Balance sheet total | € 664,060 | € 233,037 | € 407,948 | € 420,334 | ▲ 3% |
Key figures of ENGINEERING FIRST, fiscal years 2020 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to ENGINEERING FIRST?
What happened at ENGINEERING FIRST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Corrected annual accounts filed for financial year 2022. filed late Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 28,148 profit in 2020 to € 265 loss in 2023.
Paid € 11,390 in corporate taxes since 2020.
Best year ever: 2020, with € 28,148 profit.
A new publication or filing at ENGINEERING FIRST? 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
Establishments
Establishment units
Physical locations of this company
Marsveldplein 5
1050 Elsene
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0891.413.964
- VAT number
- BE 0891.413.964
- Registered office
- Marsveldplein 5, 1050 Elsene
- Names & denominations
- ENGINEERING FIRST
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 August 2007
- Peppol
- Not registered