ACTIVE

ENGELS PROJECTS

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Financial year 2025 · closed on 30/06/2025

Net result

6,4 k €

+679.2% YoY

Gross margin

11 k €

+769.3% YoY

Equity

148,5 k €

+4.5% YoY

What does ENGELS PROJECTS do?

ENGELS PROJECTS is a Private limited company incorporated in 1994. Its registered office is in Hasselt.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.175.002

Incorporation

04/03/1994

Legal form

Private limited company

Registered office

Herdersstraat 4
3500 Hasselt · FlandreSee on map

Contributed capital

11 477,33 €

Latest accounts

30/06/2025

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	11 k €	+769%	1,3 k €	+31.8%	961,2 €	+173%	-1,3 k €	-108%	16,3 k €	-51.1%	33,3 k €	+204%	11 k €	+117%	-62,9 k €	-408%	20,4 k €	-30.9%	29,5 k €	-36.6%	46,6 k €	+465%	8,3 k €	-66.9%	24,9 k €	-4.2%	26 k €	+59.5%	16,3 k €	+340%	3,7 k €	-84.9%	24,5 k €	-44.5%	44,2 k €	+123%	19,8 k €	+1870%	-1,1 k €
EBITDA	10,4 k €	+1021%	927,5 €	+16.0%	799,5 €	+154%	-1,5 k €	-109%	16,1 k €	-50.9%	32,9 k €	+234%	9,8 k €	+115%	-67,5 k €	-680%	11,6 k €	-5.3%	12,3 k €	-69.5%	40,3 k €	+787%	4,5 k €	-81.4%	24,4 k €	-2.8%	25,2 k €	+765%	2,9 k €	-15.7%	3,4 k €	-85.9%	24,4 k €	-35.5%	37,8 k €	+94.2%	19,5 k €	+844%	-2,6 k €
Operating result	10 k €	+1307%	708 €	-5.6%	750,2 €	+151%	-1,5 k €	-109%	16,1 k €	-50.9%	32,9 k €	+234%	9,8 k €	+113%	-78,5 k €	-812%	11 k €	+78.4%	6,2 k €	-84.4%	39,7 k €	+774%	4,5 k €	-81.4%	24,4 k €	-2.8%	25,2 k €	+765%	2,9 k €	-15.7%	3,4 k €	-85.9%	24,4 k €	-35.5%	37,8 k €	+103%	18,6 k €	+657%	-3,3 k €
Net result	6,4 k €	+679%	-1,1 k €	+31.8%	-1,6 k €	+62.3%	-4,3 k €	-134%	12,7 k €	-65.9%	37,2 k €	+491%	6,3 k €	+106%	-98,7 k €	-11050%	901,4 €	+127%	-3,3 k €	-111%	29 k €	+1412%	1,9 k €	-88.4%	16,6 k €	-0.4%	16,6 k €	+6598%	-256,1 €	-101%	27,5 k €	+114%	12,9 k €	-28.7%	18 k €	-1.5%	18,3 k €	+642%	-3,4 k €
Balance sheet
Equity	148,5 k €	+4.5%	142,1 k €	-0.8%	143,2 k €	-1.1%	144,8 k €	-2.9%	149,1 k €	+9.3%	136,4 k €	+37.6%	99,2 k €	+6.8%	92,8 k €	-41.5%	158,8 k €	+26.9%	125,2 k €	-2.6%	128,4 k €	+29.2%	99,4 k €	+2.0%	97,5 k €	+20.5%	80,9 k €	+25.9%	64,3 k €	-0.4%	64,5 k €	+37.3%	47 k €	+37.6%	34,2 k €	+112%	16,1 k €	+842%	-2,2 k €
Total assets	210,5 k €	+0.1%	210,2 k €	-1.1%	212,6 k €	-5.3%	224,4 k €	-8.6%	245,6 k €	-29.4%	348 k €	-17.1%	419,8 k €	-0.8%	423,1 k €	-8.3%	461,7 k €	-42.8%	806,7 k €	+54.2%	523,2 k €	+80.6%	289,8 k €	-29.6%	411,7 k €	+26.4%	325,8 k €	+5.5%	308,8 k €	+39.1%	221,9 k €	-50.4%	447,1 k €	+217%	141,1 k €	+4.4%	135,2 k €	+10221%	1,3 k €
Cash	3,9 k €	+10.6%	3,5 k €	-38.0%	5,7 k €	-1.8%	5,8 k €	-27.4%	8 k €	-93.7%	127,1 k €	+6652%	1,9 k €	-76.5%	8 k €	-68.0%	25 k €	-37.7%	40,2 k €	+42.4%	28,2 k €	-81.4%	151,9 k €	+2812%	5,2 k €	-69.1%	16,9 k €	+145%	6,9 k €	-52.1%	14,4 k €	-68.4%	45,5 k €	-13.8%	52,8 k €	+3739%	1,4 k €	+1924%	68 €
Debts	62 k €	-8.9%	68,1 k €	-1.8%	69,4 k €	-12.8%	79,6 k €	-17.6%	96,5 k €	-54.4%	211,6 k €	-34.0%	320,6 k €	-2.9%	330,3 k €	+9.0%	302,9 k €	-55.5%	681 k €	+72.5%	394,8 k €	+107%	190,3 k €	-39.4%	314,2 k €	+33.2%	235,9 k €	-3.5%	244,5 k €	+55.3%	157,4 k €	-60.7%	400,1 k €	+274%	106,9 k €	-10.2%	119,1 k €	+3319%	3,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 6 ended

Active mandates

Sinan Aydin

Director · since 01 octobre 2025

Active

Emre Korkmaz

Director · since 01 juin 2023

Active

Ended mandates

Cihat Korkmaz

Director · since 09 mars 2006

Ended

Cihat Korkmaz

Manager · since 09 mars 2006

Ended

Jean Excelmans

Manager · since 09 mars 2006

Ended

Mehmet Aydin

Director · since 09 mars 2006

Ended

At this address

Other companies at this address

Company	CBE no.
Engels Immo● Active	0859.664.973
Engels Renovatiebedrijf● Active	0467.673.028
HASDAK VOF● Active	0759.596.706

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	30/06/2025	30/06/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	6 months	12 months	12 months	12 months	12 months
Filing date	09/12/2025	20/12/2024	21/06/2024	23/06/2023	28/06/2022	06/07/2021
General meeting	08/12/2025	09/12/2024	13/06/2024	08/06/2023	09/06/2022	11/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	08/12/2025	09/12/2025	Dutch	PDF
Abridged model	30/06/2024	09/12/2024	20/12/2024	Dutch	PDF
Abridged model	31/12/2023	13/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	08/06/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	09/06/2022	28/06/2022	Dutch	PDF
Abridged model	31/12/2020	11/06/2021	06/07/2021	Dutch	PDF
Abridged model	31/12/2019	11/06/2020	22/06/2020	Dutch	PDF
Abridged model	31/12/2018	13/06/2019	04/07/2019	Dutch	PDF
Abridged model	31/12/2017	14/06/2018	02/07/2018	Dutch	PDF
Abridged model	31/12/2016	08/06/2017	30/06/2017	Dutch	PDF
Abridged model	31/12/2015	09/06/2016	09/06/2016	Dutch	PDF
Abridged model	31/12/2014	11/06/2015	18/08/2015	Dutch	PDF
Abridged model	31/12/2013	12/06/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	13/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	14/06/2012	22/06/2012	Dutch	PDF
Abridged model	31/12/2010	12/06/2011	02/08/2011	Dutch	PDF
Abridged model	31/12/2009	11/06/2010	27/07/2010	Dutch	PDF
Abridged model	31/12/2008	12/06/2009	20/07/2009	Dutch	PDF
Abridged model	31/12/2007	12/06/2008	20/08/2008	Dutch	PDF
Abridged model	31/12/2006	05/06/2007	09/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 6 ended

Active mandates

Sinan Aydin

Director · since 01 octobre 2025

Active

Emre Korkmaz

Director · since 01 juin 2023

Active

Ended mandates

Cihat Korkmaz

Director · since 09 mars 2006

Ended

Cihat Korkmaz

Manager · since 09 mars 2006

Ended

Jean Excelmans

Manager · since 09 mars 2006

Ended

Mehmet Aydin

Director · since 09 mars 2006

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2024
WIJZIGING RECHTSVORM - JAARREKENINGEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates06/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/03/2006
MAATSCHAPPELIJKE ZETEL - BENAMING - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20256,4 k €↑
2024
Annual accounts 2024-1,1 k €↑
2023
Annual accounts 2023-1,6 k €↑
2022
Annual accounts 2022-4,3 k €↓
2021
Annual accounts 202112,7 k €↓
2020
Annual accounts 202037,2 k €↑
2019
Annual accounts 20196,3 k €↑
2018
Annual accounts 2018-98,7 k €↓
2017
Annual accounts 2017901,4 €↑
2016
Annual accounts 2016-3,3 k €↓
2015
Annual accounts 201529 k €↑
2014
Annual accounts 20141,9 k €↓
2013
Annual accounts 201316,6 k €↓
2012
Annual accounts 201216,6 k €↑
2011
Annual accounts 2011-256,1 €↓
2010
Annual accounts 201027,5 k €↑
2009
Annual accounts 200912,9 k €↓
2008
Annual accounts 200818 k €↓
2007
Annual accounts 200718,3 k €↑
2006
Annual accounts 2006-3,4 k €
04/03/1994
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ENGELS PROJECTS

Overview

What does ENGELS PROJECTS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline