ACTIVE

ENGIBEX

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

-22.3% YoY

Gross margin

7 M €

+7.9% YoY

Equity

2,6 M €

+41.5% YoY

Workforce

68,2 ETP

+11.1% YoY

What does ENGIBEX do?

ENGIBEX is a Public limited company incorporated in 2011. Its main activity is: Engineering activities and related technical consultancy. Its registered office is in Watermael-Boitsfort. It employs on average 68,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0839.511.937

Incorporation

22/09/2011

Legal form

Public limited company

Registered office

Chaussée de La Hulpe 185
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

100 000,00 €

Latest accounts

31/12/2025

Average workforce

68,2 ETP

Activities (NACE)

71121Engineering activities and related technical consultancy· main 71121Engineering activities and related technical consultancy

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	7 M €	+7.9%	6,5 M €	+35.2%	4,8 M €	+4.4%	4,6 M €	+2.5%	4,5 M €	+15.0%	3,9 M €	+10.6%	3,5 M €	+20.3%	2,9 M €	+8.0%	2,7 M €	+3.1%	2,6 M €	+36.2%	1,9 M €	+73.1%	1,1 M €	+146%	457 k €
EBITDA	1,4 M €	-17.4%	1,7 M €	+124%	769,9 k €	-18.6%	945,4 k €	-22.2%	1,2 M €	+10.6%	1,1 M €	+10.3%	996,2 k €	+18.2%	842,5 k €	-12.5%	963,4 k €	+20.3%	801 k €	+11.6%	718 k €	+29.6%	554 k €	+4079%	13,3 k €
Operating result	1,4 M €	-17.4%	1,7 M €	+125%	766,7 k €	-18.6%	941,3 k €	-22.2%	1,2 M €	+11.6%	1,1 M €	+10.3%	983,8 k €	+18.4%	831,1 k €	-12.7%	952 k €	+20.3%	791,6 k €	+10.4%	716,8 k €	+29.7%	552,7 k €	+4070%	13,3 k €
Net result	1,1 M €	-22.3%	1,4 M €	+137%	581,4 k €	-20.8%	733,9 k €	-22.7%	949,6 k €	+16.4%	815,6 k €	+11.8%	729,4 k €	+22.4%	595,9 k €	-7.8%	646,3 k €	+29.1%	500,8 k €	+7.7%	465,2 k €	+31.6%	353,4 k €	+5251%	6,6 k €
Balance sheet
Equity	2,6 M €	+41.5%	1,9 M €	+25.5%	1,5 M €	-22.1%	1,9 M €	+1.8%	1,9 M €	-20.1%	2,3 M €	+28.4%	1,8 M €	+30.9%	1,4 M €	+39.9%	992,1 k €	+66.5%	595,8 k €	+50.8%	395,2 k €	-8.1%	430 k €	+303%	106,6 k €
Total assets	4,1 M €	+7.5%	3,8 M €	+15.8%	3,3 M €	+0.5%	3,3 M €	+0.1%	3,3 M €	+6.7%	3,1 M €	+17.5%	2,6 M €	+24.9%	2,1 M €	+33.8%	1,6 M €	+11.5%	1,4 M €	-2.2%	1,4 M €	+61.4%	885,6 k €	+142%	366,5 k €
Cash	833,8 k €	-25.7%	1,1 M €	+129%	490,5 k €	-62.7%	1,3 M €	-21.5%	1,7 M €	-21.7%	2,1 M €	+104%	1 M €	+47.1%	713,7 k €	-15.9%	848,9 k €	+18.0%	719,2 k €	-15.3%	849,4 k €	+48.9%	570,6 k €	+415%	110,9 k €
Debts	1,5 M €	-24.9%	2 M €	+8.0%	1,8 M €	+31.6%	1,4 M €	-2.2%	1,4 M €	+92.5%	729,2 k €	-7.5%	788,5 k €	+14.3%	690,1 k €	+21.6%	567,7 k €	-16.5%	679,6 k €	-34.3%	1 M €	+127%	455,6 k €	+152%	180,7 k €
Other
Workforce	68,2 ETP	+11.1%	61,4 ETP	+21.3%	50,6 ETP	+2.2%	49,5 ETP	+7.4%	46,1 ETP	+6.5%	43,3 ETP	+3.1%	42,0 ETP	+30.8%	32,1 ETP	+7.4%	29,9 ETP	+10.7%	27,0 ETP	+42.1%	19,0 ETP	+81.0%	10,5 ETP	+81.0%	5,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 19 ended

Active mandates

ENGICO HOLDING

Director · since 14 novembre 2020 · 0627.763.214

Represented by De BROUWER DAVID

Active

Ended mandates

ENGICO HOLDING

Director · since 14 novembre 2020 · until 02 juin 2023 · 0627.763.214

Represented by De Brouwer David

Ended

ENGICO HOLDING

Director · since 14 novembre 2020 · 0627.763.214

Represented by De Brouwer David

Ended

David DE BROUWER

Director · since 24 avril 2017 · until 24 avril 2023

Ended

ENGICO HOLDING

Managing director · since 24 avril 2017 · until 24 avril 2023 · 0627.763.214

Ended

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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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/06/2026	22/07/2025	29/07/2024	26/07/2023	26/08/2022	21/06/2021
General meeting	05/06/2026	30/06/2025	29/06/2024	30/06/2023	30/06/2022	04/06/2021
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

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	05/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	22/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	29/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	26/08/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	21/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/06/2020	04/08/2020	Dutch	PDF
Abridged model	31/12/2018	07/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	23/04/2018	14/06/2018	Dutch	PDF
Abridged model	31/12/2016	24/04/2017	12/07/2017	Dutch	PDF
Abridged model	31/12/2015	23/04/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	25/06/2015	Dutch	PDF
Abridged model	31/12/2013	24/09/2014	26/09/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	10/07/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

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 31/12/2025 · 1 active · 19 ended

Active mandates

ENGICO HOLDING

Director · since 14 novembre 2020 · 0627.763.214

Represented by De BROUWER DAVID

Active

Ended mandates

ENGICO HOLDING

Director · since 14 novembre 2020 · until 02 juin 2023 · 0627.763.214

Represented by De Brouwer David

Ended

ENGICO HOLDING

Director · since 14 novembre 2020 · 0627.763.214

Represented by De Brouwer David

Ended

David DE BROUWER

Director · since 24 avril 2017 · until 24 avril 2023

Ended

ENGICO HOLDING

Managing director · since 24 avril 2017 · until 24 avril 2023 · 0627.763.214

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office15/12/2021
MAATSCHAPPELIJKE ZETEL
PDF
Mandates01/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office25/01/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates24/06/2015
ONTSLAGEN - BENOEMINGEN
PDF
Other04/10/2011
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 20251,1 M €↓
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 2023581,4 k €↓
2022
Annual accounts 2022733,9 k €↓
2021
Annual accounts 2021949,6 k €↑
2019
Annual accounts 2019815,6 k €↑
2018
Annual accounts 2018729,4 k €↑
2017
Annual accounts 2017595,9 k €↓
2016
Annual accounts 2016646,3 k €↑
2015
Annual accounts 2015500,8 k €↑
2014
Annual accounts 2014465,2 k €↑
2013
Annual accounts 2013353,4 k €↑
2012
Annual accounts 20126,6 k €
22/09/2011
IncorporationPublic 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

ENGIBEX

Overview

What does ENGIBEX do?

Trend over 13 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