2E
ActiveSummary
The computed 12-month bankruptcy probability of 2E is 5.8% (elevated). The 2025 annual accounts show equity of €41,789 and a net result of €8,758. Equity has been growing by about 20% per year since 2022. Its solvency ranks better than 42% of 34,972 sector peers (NACE 43, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-09-2021 Normal situation
- Activity
- General electrical installation work NACE 43211and 5 others
- Establishment unit
- 2.322.367.565 9052 Gent, since 24-09-2021
- Financial year end
- 30 September
- Peppol
- Reachable since 11-11-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 5.8%
- Gross margin
- €29,486
- ▲ 75.8%
- Turnover
- ≈ €140,000
- estimated
- Profit
- €8,758
- ▲ 109%
- Equity
- €41,789
- ▲ 26.5%
- Total assets
- €105,786
- ▼ 3.2%
- Staff
- ≈ 0 FTE
- estimated
Score breakdownraises risk2 changes of registered office in 24 monthsFounded in 2021Liquidity: current ratio 0.62, cash €3,470, halvedlowers riskFigures for financial year 2025 (filed on 10-04-2026)Show the evidence
Checked score
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 42% of them on solvency, 31% on liquidity, 58% on profitability and 73% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 8 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 10-04-2026 PDF all 4 filings
Every figure per financial year
The operating result for 2025 is 97% higher than in 2024. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|
| Tangible fixed assets | €1,350 | €13,110 | €47,572 | €51,780 |
| Depreciation and write-downs of the year | €205 | €2,115 | €9,340 | €15,727 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €4,864 awarded · €4,784 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,547 | €3,651 |
| 2024 | 1 | €1,178 | €0 |
| 2023 | 1 | €941 | €941 |
| 2022 | 1 | €198 | €192 |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,025 | €1,568 | €511 | €899 | ▲ 76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €205 | €2,115 | €9,340 | €15,727 | ▲ 68.4% |
| Other operating charges640/8 | €355 | €667 | €773 | €772 | ▼ 0.2% |
| Gross operating margin9900 | €18,569 | €11,280 | €16,768 | €29,486 | ▲ 75.8% |
| Operating profit (loss)9901 | €16,984 | €6,929 | €6,144 | €12,088 | ▲ 96.8% |
| Financial income75/76B | €236 | €637 | €407 | €579 | ▲ 42.2% |
| Recurring financial income75 | €236 | €637 | €407 | €579 | ▲ 42.2% |
| Financial charges65/66B | €902 | €633 | €2,205 | €2,377 | ▲ 7.8% |
| Recurring financial charges65 | €902 | €633 | €2,205 | €2,377 | ▲ 7.8% |
| Profit (loss) for the period before taxes9903 | €16,318 | €6,932 | €4,347 | €10,291 | ▲ 137% |
| Income taxes67/77 | €3,342 | €1,060 | €163 | €1,533 | ▲ 838% |
| Profit (loss) for the period9904 | €12,976 | €5,872 | €4,183 | €8,758 | ▲ 109% |
| Profit (loss) for the period to be appropriated9905 | €12,976 | €5,872 | €4,183 | €8,758 | ▲ 109% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €39,983 | €43,972 | €109,291 | €105,786 | ▼ 3.2% |
| Fixed assets21/28 | €1,145 | €12,140 | €50,372 | €86,425 | ▲ 71.6% |
| Tangible fixed assets22/27 | €1,145 | €12,140 | €50,372 | €86,425 | ▲ 71.6% |
| Land and buildings22 | - | - | - | €36,032 | - |
| Plant, machinery and equipment23 | - | €2,511 | €6,342 | €17,100 | ▲ 170% |
| Furniture and vehicles24 | €1,145 | €9,629 | €44,030 | €33,293 | ▼ 24.4% |
| Current assets29/58 | €38,838 | €31,832 | €58,919 | €19,361 | ▼ 67.1% |
| Stocks and contracts in progress3 | - | €17,774 | €42,558 | €9,170 | ▼ 78.5% |
| Stocks30/36 | - | €17,774 | €42,558 | €9,170 | ▼ 78.5% |
| Amounts receivable within one year40/41 | €10,329 | €4,804 | €3,780 | €6,721 | ▲ 77.8% |
| Trade receivables40 | €8,736 | €2,904 | - | - | - |
| Other amounts receivable41 | €1,592 | €1,900 | €3,780 | €6,721 | ▲ 77.8% |
| Cash at bank and in hand54/58 | €28,510 | €9,255 | €7,009 | €3,470 | ▼ 50.5% |
| Deferred charges and accrued income490/1 | - | - | €5,573 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €39,983 | €43,972 | €109,291 | €105,786 | ▼ 3.2% |
| Equity10/15 | €22,976 | €28,848 | €33,031 | €41,789 | ▲ 26.5% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €12,976 | €18,848 | €23,031 | €31,789 | ▲ 38.0% |
| Distributable reserves133 | €12,976 | €18,848 | €23,031 | €31,789 | ▲ 38.0% |
| Amounts payable17/49 | €17,007 | €15,124 | €76,260 | €63,997 | ▼ 16.1% |
| Amounts payable after more than one year17 | - | - | €39,422 | €32,701 | ▼ 17.0% |
| Financial debts170/4 | - | - | €39,422 | €32,701 | ▼ 17.0% |
| Amounts payable within one year42/48 | €8,607 | €15,124 | €36,839 | €31,296 | ▼ 15.0% |
| Current portion of amounts payable after more than one year42 | - | - | €6,438 | €6,720 | ▲ 4.4% |
| Trade debts44 | €405 | €3,704 | €19,552 | €13,795 | ▼ 29.4% |
| Suppliers440/4 | €405 | €3,704 | €19,552 | €13,795 | ▼ 29.4% |
| Taxes, remuneration and social security45 | €7,420 | €1,556 | €378 | €1,832 | ▲ 385% |
| Taxes450/3 | €7,420 | €1,556 | €378 | €1,832 | ▲ 385% |
| Other amounts payable47/48 | €782 | €9,865 | €10,471 | €8,949 | ▼ 14.5% |
| Accrued charges and deferred income492/3 | €8,400 | - | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,976 | €5,872 | €4,183 | €8,758 | ▲ 109% |
| + Depreciation and write-downs630 | €205 | €2,115 | €9,340 | €15,727 | ▲ 68.4% |
| Operating cash flow (approximation) | €13,181 | €7,988 | €13,524 | €24,485 | ▲ 81.1% |
| Investment in fixed assets (approximation) | - | -€13,110 | -€47,572 | -€51,780 | ▼ 8.8% |
| Change in cash | - | -€19,255 | -€2,246 | -€3,538 | ▼ 57.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as 2E has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of 2E itself is higher: 5.8% within 12 months. It rests on far more data about 2E than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for 2E. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Owners and capital
Owners
Articles of association
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 28-09-2021 (in Dutch)
Network & group
2E shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of 2E. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
07-07
Gazette deed
Registered office moved to ZwijnaardeNew seat: Klaartestraat 14+ 9052 Zwijnaarde · Previous seat: Hogevorst 30 99681 point ▸
- Registered-office move, Klaartestraat 14+ 9052 Zwijnaarde
15-04
Gazette deed
Registered office moved from Zelzate to BasseveldeNew seat: Hogevorst 30 9968 Bassevelde · Previous seat: Zonnebloemstraat 37b 9060 Zelzate1 point ▸
- Registered-office move, Hogevorst 30 9968 Bassevelde
12-05
Gazette deed
Amendment of the articlesDeclaration · Purpose change · Power of attorney9 points ▸
- General meeting, 30-04-2025
- Other provision, “verslag bestuursorgaan bij wijziging voorwerp, artikel 5:101 Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)
- Declaration, “vergadering bij monde van de voorzitter, vrijstelling lezing verslag” (deed in Dutch)
- Declaration, “vijftien dagen, termijn verslag niet nageleefd” (deed in Dutch)
- Declaration, “aandeelhouders,hier allen aanwezig, geen bezwaar termijnoverschrijding” (deed in Dutch)
- Declaration, “vergadering bij monde van de voorzitter, bijzonder verslag zonder opmerking” (deed in Dutch)
- Purpose change
- Power of attorney
- Other provision, “uittreksel, VOOR ONTLEDEND UITTREKSEL” (deed in Dutch)
28-09
Gazette deed
IncorporationAppointment: HOLTAPPELS Wim (director) · Founder · Founding capital6 points ▸
- Incorporation, “2E” (deed in Dutch)
- Founder, HOLTAPPELS Wim
- Founding capital
- Registered office clause, “9060 Zelzate,Zonnebloemstraat 37 B” (deed in Dutch)
- Director appointment, HOLTAPPELS Wim (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen daaruit en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
1 former office
- Zonnebloemstraat 37b, 9060 Zelzate until 26-03-2026 · act of 15-04-2026
Activities
NACEBEL 2025Codes under NACEBEL 2008
49 activities
- Bosbouw en bosbouwactiviteiten
- Teelt van hakhout, vezelhout en brandhout
- Houtteelt: aanplanten, herbeplanten, verplanten, uitdunnen en in stand houden van bossen en andere houtopstanden
- Exploitatie van bosboomkwekerij
- Teelt van zaden van woudbomen en woudheesters
- Teelt van plantaardige producten voor vlechtwerk
- Vervaardiging van elektronische onderdelen en printplaten
- Vervaardiging van elektronische onderdelen
- Vervaardiging van elektronische printplaten
- Vervaardiging van computers en randapparatuur
- Vervaardiging van computers en randapparatuur
- Vervaardiging van communicatieapparatuur
- Vervaardiging van communicatieapparatuur
- Vervaardiging van consumentenelektronica
- Vervaardiging van consumentenelektronica
- Vervaardiging van meet-, controle- en navigatie-instrumenten en -apparatuur; vervaardiging van uurwerken
- Vervaardiging van meet-, controle- en navigatie-instrumenten en -apparatuur
- Reparatie van elektronische en optische apparatuur
- Reparatie van elektrische apparatuur
- Algemene bouw residentieel
- Elektrische installatie, loodgieterswerk en overige bouwinstallatie
- Elektrische installatie
- Elektrotechnische installatiewerken aan gebouwen
- Elektrotechnische installatiewerken, uitgezonderd aan gebouwen
- Loodgieterswerk, installatie van verwarming en klimaatregeling
- Loodgieterswerk
- Installatie van verwarming, klimaatregeling en ventilatie
- Overige bouwinstallatie
- Isolatiewerkzaamheden
- Overige bouwinstallatie, n.e.g.
- Dakwerkzaamheden
- Detailhandel, niet in winkels en exclusief markt- en straathandel
- Detailhandel via postorderbedrijven of via internet
- Overige gespecialiseerde wetenschappelijke en technische activiteiten, n.e.g.
- Overige gespecialiseerde wetenschappelijke en technische activiteiten, n.e.g.
- Overige gespecialiseerde wetenschappelijke en technische activiteiten
- Reparatie van computers en consumentenartikelen
- Reparatie van computers en communicatieapparatuur
- Reparatie van computers en randapparatuur
- Reparatie van communicatieapparatuur
- Reparatie van consumentenartikelen
- Reparatie van consumentenelektronica
- Reparatie van huishoudapparaten en van werktuigen voor gebruik in huis en tuin
- Ingenieurs en aanverwante technische adviseurs, exclusief landmeters
- Industriële vormgeving
- Uitwerking van projecten op het gebied van klimaatbeheersing, koeltechniek, zuivering en voorkomen van pollutie, akoestiek, enz.
- Overige technische testen en toetsen
- Overige zakelijke dienstverlening, n.e.g.
- 3D printing
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0774.553.314
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44082B0334/00D003 | Flanders | 645 m² | 1 · 203 m² | 8.5 m · 1 |