E²
ActiveSummary
E² has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184,359 and a net result of €29,770. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 19% of 17123 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+2
Solvency42▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.07 against 0.01 in 2024; short-term debt: 17% and cash: 1.2% of total assets), and 83.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.9%
Return on assets
2.7%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 17123 sector peers (2025).
NBB · sector comparisonPosition among 17123 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-03-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
29 d early
2023
7 d early
2022
30 d early
2021
1 d early
2020
on the day
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€184,359▲ 19.3%
2024 · €154,589
Total assets
€1.1m▼ 1.7%
2024 · €1.1m
Net result
€29,770▲ 148%
2024 · €11,996
Working capital
-€171,093▲ 7.8%
2024 · -€185,501
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,537▼ 86.7%€27,811▲ 122%€13,872▼ 50.1%€26,975▲ 94.5%€52,724▲ 95.5%
Net result-€7,102€10,487€2,550▼ 75.7%€11,996▲ 370%€29,770▲ 148%
Equity€129,554▼ 5.2%€140,042▲ 8.1%€142,592▲ 1.8%€154,589▲ 8.4%€184,359▲ 19.3%
Total assets€1.4m▼ 4.5%€1.2m▼ 13.8%€1.1m▼ 3.4%€1.1m▼ 2.6%€1.1m▼ 1.7%
Debt€1.2m▼ 4.4%€1.0m▼ 16.1%€992,754▼ 4.1%€951,716▼ 4.1%€903,437▼ 5.1%
Working capital-€90,079▼ 89.9%-€74,477▲ 17.3%-€154,075▼ 107%-€185,501▼ 20.4%-€171,093▲ 7.8%
Staff (FTE)1=1=1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 95% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€1.1m ▼ 2.8%
Current assets
€13,851 ▲ 1,041%
Equity and liabilities €1.1m
Equity
€184,359 ▲ 19.3%
Debt
€903,437 ▼ 5.1%
Debt's share of the balance-sheet total falls from 86.0% to 83.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€83,870▲
2024 · €57,339
Cash flow
€60,916▲
2024 · €42,360
Current ratio
0.07▲
2024 · 0.01
Debt to equity
4.90▼
2024 · 6.16
ROE
16.1%▲
2024 · 7.8%
ROA
2.7%▲
2024 · 1.1%
Interest coverage
10.86▲
2024 · 6.47
Debt ≤ 1 year
€184,944▼
2024 · €186,714
Debt > 1 year
€718,323▼
2024 · €764,991
Income taxes
€15,232▲
2024 · €6,130
Staff costs
€62,822▲
2024 · €57,404
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €48,863 | - | - | - |
| Remuneration, social security and pensions62 | €48,514 | €51,683 | €55,607 | €57,404 | €62,822 | ▲ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,406 | €30,932 | €29,859 | €30,364 | €31,146 | ▲ 2.6% |
| Other operating charges640/8 | €4,635 | €5,701 | €6,496 | €6,450 | €6,652 | ▲ 3.1% |
| Gross operating margin9900 | €102,092 | €116,128 | €105,834 | €121,194 | €153,343 | ▲ 26.5% |
| Operating profit (loss)9901 | €12,537 | €27,811 | €13,872 | €26,975 | €52,724 | ▲ 95.5% |
| Financial income75/76B | €7 | - | - | €7 | - | - |
| Recurring financial income75 | €7 | - | - | €7 | - | - |
| Financial charges65/66B | €19,103 | €16,439 | €10,166 | €8,855 | €7,721 | ▼ 12.8% |
| Recurring financial charges65 | €19,103 | €16,439 | €10,166 | €8,855 | €7,721 | ▼ 12.8% |
| Profit (loss) for the period before taxes9903 | -€6,559 | €11,373 | €3,706 | €18,127 | €45,002 | ▲ 148% |
| Income taxes67/77 | €543 | €885 | €1,155 | €6,130 | €15,232 | ▲ 148% |
| Profit (loss) for the period9904 | -€7,102 | €10,487 | €2,550 | €11,996 | €29,770 | ▲ 148% |
| Transfer from tax-exempt reserves789 | €4,800 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€2,302 | €10,487 | €2,550 | €11,996 | €29,770 | ▲ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 1.7% |
| Fixed assets21/28 | €1.3m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 2.8% |
| Tangible fixed assets22/27 | €1.3m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 2.8% |
| Land and buildings22 | €1.3m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 2.8% |
| Plant, machinery and equipment23 | €1,414 | €2,441 | €2,283 | €2,124 | €1,966 | ▼ 7.5% |
| Current assets29/58 | €59,555 | €67,172 | €12,761 | €1,214 | €13,851 | ▲ 1,041% |
| Amounts receivable within one year40/41 | €50,513 | €57,838 | - | €155 | - | - |
| Trade receivables40 | €45,055 | €57,838 | - | €155 | - | - |
| Other amounts receivable41 | €5,457 | - | - | - | - | - |
| Current investments50/53 | - | €250 | €250 | €250 | €250 | = |
| Cash at bank and in hand54/58 | €9,042 | €9,085 | €12,511 | €685 | €12,667 | ▲ 1,749% |
| Deferred charges and accrued income490/1 | - | - | - | €123 | €934 | ▲ 658% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 1.7% |
| Equity10/15 | €129,554 | €140,042 | €142,592 | €154,589 | €184,359 | ▲ 19.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | €6,200 | - | - | - | - | - |
| Issued capital100 | €18,600 | - | - | - | - | - |
| Uncalled capital101 | €12,400 | - | - | - | - | - |
| Reserves13 | €125,656 | €133,842 | €136,392 | €148,389 | €178,159 | ▲ 20.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | - | - |
| Legal reserve130 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | €123,796 | €131,982 | €134,532 | €148,389 | €178,159 | ▲ 20.1% |
| Profit (loss) carried forward14 | -€2,302 | - | - | - | - | - |
| Amounts payable17/49 | €1.2m | €1.0m | €992,754 | €951,716 | €903,437 | ▼ 5.1% |
| Amounts payable after more than one year17 | €1.1m | €893,713 | €825,918 | €764,991 | €718,323 | ▼ 6.1% |
| Financial debts170/4 | €1.1m | €893,713 | €825,918 | €764,991 | €718,323 | ▼ 6.1% |
| Amounts payable within one year42/48 | €149,634 | €141,649 | €166,835 | €186,714 | €184,944 | ▼ 0.9% |
| Current portion of amounts payable after more than one year42 | €67,179 | €67,485 | €67,795 | €60,927 | €46,668 | ▼ 23.4% |
| Trade debts44 | €13,678 | €18,682 | €14,516 | €8,412 | €33,124 | ▲ 294% |
| Suppliers440/4 | €13,678 | €18,682 | €14,516 | €8,412 | €33,124 | ▲ 294% |
| Advances received on contracts in progress46 | - | - | €13,626 | - | - | - |
| Taxes, remuneration and social security45 | €12,122 | €13,861 | €14,622 | €19,654 | €26,735 | ▲ 36.0% |
| Taxes450/3 | €7,162 | €6,232 | €7,285 | €9,866 | €16,592 | ▲ 68.2% |
| Remuneration and social security454/9 | €4,959 | €7,629 | €7,337 | €9,788 | €10,143 | ▲ 3.6% |
| Other amounts payable47/48 | €56,655 | €41,621 | €56,277 | €97,721 | €78,417 | ▼ 19.8% |
| Accrued charges and deferred income492/3 | - | - | - | €10 | €170 | ▲ 1,526% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,102 | €10,487 | €2,550 | €11,996 | €29,770 | ▲ 148% |
| + Depreciation and write-downs630 | €36,406 | €30,932 | €29,859 | €30,364 | €31,146 | ▲ 2.6% |
| Operating cash flow (approximation) | €29,304 | €41,420 | €32,409 | €42,360 | €60,916 | ▲ 43.8% |
| Investment in fixed assets (approximation) | - | €165,005 | -€44,212 | -€12,869 | €0 | ▲ 100% |
| Change in cash | - | €43 | €3,426 | -€11,826 | €11,982 | ▲ 201% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €150,000Eq €154,589 ▲8.4%
3 profitable years in a row build equity to €154,589.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €10,487
Net result €10,487 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€7,102
Net result drops to -€7,102, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €100,000Eq €136,656 ▲93.6%
3 profitable years in a row build equity to €136,656.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Highest result since 2018net €78,773 ▲457%
Operating result €99,990, net result €78,773, both a record.
Show earlier events
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Herk-de-Stad · 1 establishment unit since 2007
Ground area
2,611 m²
Building footprint
242 m²
Volume, LiDAR
241 m³
Parcel 71024A0247/00Z000, Flanders · tallest building 4.0 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
E²
since 20072.164.084.054
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71024A0247/00Z000 | Flanders | 2,611 m² | 1 · 242 m² | 4.0 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 4 entries · 5,219 EUR awarded · 5,219 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -3,204 EUR | 2,556 EUR |
| 2024 | 1 | 2,663 EUR | 2,663 EUR |
| 2023 | 1 | 5,760 EUR | 0 EUR |
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Of 30,002 companies in sector 62200 we hold annual accounts for 18,394. 15,077 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-07-2007
Fiscal year end30-09
Activities, NACEBEL 2025
62100Computer programming
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.