NORMAL SITUATION

THE ENGINEERING NETWORK

Financial year 2023 · closed on 30/06/2023
Net result
328,8 k €
+190.4% YoY
Gross margin
2,3 M €
-41.7% YoY
Equity
-18,7 k €
+94.6% YoY
Workforce
41,2 ETP
-24.0% YoY

Company — Normal situation.

What does THE ENGINEERING NETWORK do?

THE ENGINEERING NETWORK is a company registered in Belgium. It employs on average 41,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0821.443.213
Legal form
Private limited company
Contributed capital
7 569,19 €
Latest accounts
30/06/2023
Average workforce
41,2 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDA
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 13 financial years

2023202220212020201920182017201620152014201320122011
Income statement
Gross margin2,3 M €3,9 M €4,7 M €3,6 M €4,0 M €4,0 M €3,3 M €3,0 M €2,5 M €2,2 M €2,3 M €2,1 M €2,2 M €
EBITDA459,4 k €-216,4 k €127,5 k €127,7 k €340,7 k €413,8 k €400,1 k €389,5 k €250,5 k €11,9 k €174,6 k €131,7 k €177,5 k €
Operating result425,3 k €-281,6 k €-98,9 k €6,7 k €135,7 k €207,6 k €101,5 k €264,7 k €151,8 k €-32,3 k €121,7 k €76,8 k €97,8 k €
Net result328,8 k €-363,8 k €-220,9 k €-86,1 k €8,0 k €50,0 k €13,1 k €131,8 k €63,3 k €-58,9 k €55,9 k €25,6 k €39,4 k €
Balance sheet
Equity-18,7 k €-347,6 k €39,8 k €260,7 k €346,8 k €338,8 k €288,8 k €275,7 k €143,9 k €80,6 k €139,5 k €83,6 k €58,0 k €
Total assets1,6 M €1,8 M €3,4 M €3,6 M €3,5 M €2,9 M €2,8 M €1,7 M €1,6 M €1,3 M €1,2 M €811,3 k €685,8 k €
Cash300,4 k €340,6 k €261,3 k €255,1 k €760,5 €10,1 k €143,9 k €219,2 k €94,9 k €49,4 k €2,2 k €614,4 €65,5 k €
Debts1,6 M €2,1 M €3,4 M €3,4 M €3,1 M €2,5 M €2,5 M €1,4 M €1,4 M €1,2 M €1,0 M €697,7 k €627,8 k €
Other
Workforce41,2 ETP54,2 ETP59,6 ETP64,7 ETP64,3 ETP66,7 ETP55,9 ETP52,9 ETP44,4 ETP42,6 ETP38,3 ETP38,7 ETP15,8 ETP
Governance

Board of directors

Seen on filing of 30/06/2023 · 1 active · 3 ended

Active mandates

P.O. Management

Director · since 19 août 2022 · 0869.932.127

Represented by Koen Verhaert

Active

Ended mandates

Mike Matheeussen

Director · since 11 décembre 2009 · until 19 août 2022

Ended
Mike Matheeussen

Director

Ended
Mike Matheeussen

Manager

Ended
Annual accounts

Full financial information

202320222021202020192018
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202301/01/202201/10/202001/10/201901/10/201801/10/2017
Closing of the financial year30/06/202331/12/202231/12/202130/09/202030/09/201930/09/2018
Length of the financial year6 months12 months15 months12 months12 months12 months
Filing date29/01/202423/06/202309/08/202230/06/202130/06/202108/04/2019
General meeting26/01/202415/06/202316/06/202218/03/202119/03/202021/03/2019
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202326/01/202429/01/2024DutchPDF
Abridged model31/12/202215/06/202323/06/2023DutchPDF
Abridged model31/12/202116/06/202209/08/2022DutchPDF
Abridged modelCorrection30/09/202018/03/202130/06/2021DutchPDF
Abridged model30/09/202018/03/202131/05/2021DutchPDF
Abridged modelCorrection30/09/201919/03/202030/06/2021DutchPDF
Abridged model30/09/201919/03/202019/05/2020DutchPDF
Abridged model30/09/201821/03/201908/04/2019DutchPDF
Abridged model30/09/201715/03/201827/04/2018DutchPDF
Abridged model30/09/201601/03/201707/03/2017DutchPDF
Abridged model30/09/201524/02/201615/03/2016DutchPDF
Abridged model30/09/201419/03/201528/04/2015DutchPDF
Abridged model30/09/201320/03/201430/04/2014DutchPDF
Abridged model30/09/201221/03/201302/05/2013DutchPDF
Abridged model30/09/201116/03/201226/04/2012DutchPDF
Estimate

Indicative valuation

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 30/06/2023 · 1 active · 3 ended

Active mandates

P.O. Management

Director · since 19 août 2022 · 0869.932.127

Represented by Koen Verhaert

Active

Ended mandates

Mike Matheeussen

Director · since 11 décembre 2009 · until 19 août 2022

Ended
Mike Matheeussen

Director

Ended
Mike Matheeussen

Manager

Ended
Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

Timeline

  1. 2023
    Annual accounts 2023328,8 k €
  2. 2022
    Annual accounts 2022-363,8 k €
  3. 2021
    Annual accounts 2021-220,9 k €
  4. 2020
    Annual accounts 2020-86,1 k €
  5. 2019
    Annual accounts 20198,0 k €
  6. 2018
    Annual accounts 201850,0 k €
  7. 2017
    Annual accounts 201713,1 k €
  8. 2016
    Annual accounts 2016131,8 k €
  9. 2015
    Annual accounts 201563,3 k €
  10. 2014
    Annual accounts 2014-58,9 k €
  11. 2013
    Annual accounts 201355,9 k €
  12. 2012
    Annual accounts 201225,6 k €
  13. 2011
    Annual accounts 201139,4 k €