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E&E CONSTRUCTORS

Active
Public limited companyfounded 1984active for 42 yearsGeraardsbergsestraat 13, 9300 Aalst, BelgiumKBO/BCE: BE 0425.762.593
Summary

E&E CONSTRUCTORS has been active since 1984 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €354,264 and a net result of -€23,362. Equity remains stable across the filed financial years (±2% per year). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Activity not known1 site
Size
€391,166total assets 2025
Equity
€354,264
Loss
-€23,362
Turnover not published (micro format)
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
VRE MANAGEMENT · 98%
Accounts filed 2 days late0 of 6 deeds read
Why 92raises riskLoss of €23,362 (financial year 2025)lowers riskSize: total assets €391,166Equity €354,264 (90.6% of total assets)Liquidity: current ratio 10.60, cash €59,516Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 48% of its sector peers (no NACE code, micro)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 90.6% of total assets
Liquidity 69+16
short-term debt 9.4% · cash 15.2%
Profitability 23-46
return on assets -6.0%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.4%▲ +0.2 percentage points vs 01-2025highest value 03-2025: 0.3%▼ -0.1 percentage points vs 02-2025 04-2025: 0.1%▼ -0.2 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025lowest value 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.2%▲ +0.1 percentage points vs 01-2026 03-2026: 0.1%▼ -0.1 percentage points vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €30,000 on 30-day terms is acceptable
Liquidity ample (current ratio 10.6, compared with 9.64 in 2024, above the usual 1.5; short-term debt: 9.4% and cash: 15.2% of total assets), and 9.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 81% on solvency, 65% on liquidity, 18% on profitability and 29% on growth.

The bankruptcy probability was computed on 12-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €391,166
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €23,362 (financial year 2025)
NBB · annual accounts
lowers risk · Equity €354,264 (90.6% of total assets)
NBB · annual accounts
lowers risk · Liquidity: current ratio 10.60, cash €59,516
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
2 days late
2024
on the day
2023
on the day
2022
3 days late
2021
32 days early
2020
39 days early
2019
36 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 15 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end13-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Weakest financial yearnet -€23,362
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, micro format

2025 annual accounts filed late (2 days) Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00036462.

Equity
€354,264▼ 6.2%
2024 · €377,626
Total assets
€391,166▼ 7.2%
2024 · €421,335
Net result
-€23,362
2024 · €53,423
Working capital
€354,264▼ 6.2%
2024 · €377,626
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result falls in 2025; 2025 is 70% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€10,680 2025 Net result-€23,362 2025

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€37,888-€47,994▲ 26.7%€11,256▼ 76.5%-€2,215€28,143€35,247▲ 25.2%€10,680▼ 69.7%
Net result€25,695-€30,359▲ 18.1%-€5,235-€6,809▼ 30.1%€1,422€53,423▲ 3,656%-€23,362
Equity€304,466-€334,825▲ 10.0%€329,590▼ 1.6%€322,781▼ 2.1%€324,203▲ 0.4%€377,626▲ 16.5%€354,264▼ 6.2%
Total assets€805,645-€518,023▼ 35.7%€614,153▲ 18.6%€608,241▼ 1.0%€379,559▼ 37.6%€421,335▲ 11.0%€391,166▼ 7.2%
Debt€501,179-€183,198▼ 63.4%€284,563▲ 55.3%€285,460▲ 0.3%€55,355▼ 80.6%€43,709▼ 21.0%€36,901▼ 15.6%
Working capital€304,466-€334,825▲ 10.0%€329,590▼ 1.6%€322,781▼ 2.1%€324,203▲ 0.4%€377,626▲ 16.5%€354,264▼ 6.2%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €391,166
Equity €354,264 ▼ 6.2%
Debt €36,901 ▼ 15.6%
Debt's share of the balance-sheet total falls from 10.4% to 9.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Current ratio
10.60▲
2024 · 9.64
Debt to equity
0.10▼
2024 · 0.12
ROE
-6.6%▼
2024 · 14.1%
ROA
-6.0%▼
2024 · 12.7%
Debt ≤ 1 year
€36,901▼
2024 · €43,709
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.2% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90.2% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,468 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 12,321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€421,335€391,166▼
Current assets29/58€421,335€391,166▼
Amounts receivable after more than one year29€292,000€292,000=
Other amounts receivable291€292,000€292,000=
Stocks and contracts in progress3€102,332-
Stocks30/36€102,332-
Amounts receivable within one year40/41€14,825€39,650▲
Other amounts receivable41€14,825€39,650▲
Cash at bank and in hand54/58€12,178€59,516▲
Equity and liabilities
Total equity and liabilities10/49€421,335€391,166▼
Equity10/15€377,626€354,264▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€59,976€59,976=
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€53,776€53,776=
Profit (loss) carried forward14€255,650€232,289▼
Amounts payable17/49€43,709€36,901▼
Amounts payable within one year42/48€43,709€36,901▼
Trade debts44-€144
Suppliers440/4-€144
Taxes, remuneration and social security45€15,581-
Taxes450/3€15,581-
Other amounts payable47/48€28,128€36,757▲
Income statement Code20242025
Other operating charges640/8-€285
Gross operating margin9900€35,247€10,965▼
Operating profit (loss)9901€35,247€10,680▼
Financial income75/76B€33,892-
Recurring financial income75€33,892-
Financial charges65/66B€135€34,042▲
Recurring financial charges65€135€34,042▲
Profit (loss) for the period before taxes9903€69,003-€23,362▼
Income taxes67/77€15,581-
Profit (loss) for the period9904€53,423-€23,362▼
Profit (loss) for the period to be appropriated9905€53,423-€23,362▼
Appropriation of the result
Profit (loss) to be appropriated9906€255,650€232,289▼
Profit (loss) brought forward from the previous period14P€202,227€255,650▲
Line2019202020212022202320242025Change
Other operating charges640/8---€189€199-€285-
Gross operating margin9900€38,212€47,994€11,562-€2,027€28,341€35,247€10,965▼ 68.9%
Operating profit (loss)9901€37,888€47,994€11,256-€2,215€28,143€35,247€10,680▼ 69.7%
Financial income75/76B-----€33,892--
Recurring financial income75-----€33,892--
Financial charges65/66B---€4,593€26,720€135€34,042▲ 25,116%
Recurring financial charges65€335€3,625€16,491€4,593€26,720€135€34,042▲ 25,116%
Profit (loss) for the period before taxes9903€37,554€44,369-€5,235-€6,809€1,422€69,003-€23,362-
Income taxes67/77€11,858€14,010---€15,581--
Profit (loss) for the period9904€25,695€30,359-€5,235-€6,809€1,422€53,423-€23,362-
Profit (loss) for the period to be appropriated9905€25,695€30,359-€5,235-€6,809€1,422€53,423-€23,362-
Line2019202020212022202320242025Change
Assets
Total assets20/58€805,645€518,023€614,153€608,241€379,559€421,335€391,166▼ 7.2%
Current assets29/58€805,645€518,023€614,153€608,241€379,559€421,335€391,166▼ 7.2%
Amounts receivable after more than one year29-----€292,000€292,000=
Other amounts receivable291-----€292,000€292,000=
Stocks and contracts in progress3€610,691€444,437€332,698€332,698€179,524€102,332--
Stocks30/36---€332,698€179,524€102,332--
Amounts receivable within one year40/41--€250,000€250,000-€14,825€39,650▲ 167%
Other amounts receivable41---€250,000-€14,825€39,650▲ 167%
Cash at bank and in hand54/58€194,954€73,586€31,455€25,543€200,035€12,178€59,516▲ 389%
Equity and liabilities
Total equity and liabilities10/49€805,645€518,023€614,153€608,241€379,559€421,335€391,166▼ 7.2%
Equity10/15€304,466€334,825€329,590€322,781€324,203€377,626€354,264▼ 6.2%
Contributions10/11€62,000-€62,000€62,000€62,000€62,000€62,000=
Capital10---€62,000€62,000€62,000€62,000=
Issued capital100---€62,000€62,000€62,000€62,000=
Reserves13€59,976€59,976€59,976€59,976€59,976€59,976€59,976=
Non-distributable reserves130/1---€6,200€6,200€6,200€6,200=
Legal reserve130---€6,200€6,200€6,200€6,200=
Distributable reserves133---€53,776€53,776€53,776€53,776=
Profit (loss) carried forward14€182,490€212,849€207,614€200,805€202,227€255,650€232,289▼ 9.1%
Amounts payable17/49€501,179€183,198€284,563€285,460€55,355€43,709€36,901▼ 15.6%
Amounts payable within one year42/48€501,179€183,198€284,563€285,460€55,355€43,709€36,901▼ 15.6%
Current portion of amounts payable after more than one year42---€250,000----
Trade debts44€133-€120€122€17,052-€144-
Suppliers440/4---€122€17,052-€144-
Taxes, remuneration and social security45-----€15,581--
Taxes450/3-----€15,581--
Other amounts payable47/48---€35,338€38,304€28,128€36,757▲ 30.7%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€25,695€30,359-€5,235-€6,809€1,422€53,423-€23,362-
Operating cash flow (approximation)€25,695€30,359-€5,235-€6,809€1,422€53,423-€23,362-
Change in cash--€121,368-€42,131-€5,912€174,492-€187,856€47,338-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 40 filings with the National Bank
Financial year Type Filed Reference
30-06-2025 micro format 02-02-2026 2026-00036462
30-06-2024 micro format 31-01-2025 2025-00022582
30-06-2023 micro format 31-01-2024 2024-00028195
30-06-2022 micro format 03-02-2023 2023-00021622
30-06-2021 micro format 30-12-2021 2021-82100490
30-06-2020 micro format 23-12-2020 2020-76800228
30-06-2019 micro format 26-12-2019 2019-77600153
30-06-2018 micro format 20-12-2018 2018-75100021
30-06-2017 micro format 23-11-2017 2017-70100444
30-06-2016 abbreviated format 19-01-2017 2017-01800147

Show all 40 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 6 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

1 owner

Chain of control

  1. VRE MANAGEMENT 98%
  2. E&E CONSTRUCTORS

Highest known parent: VRE MANAGEMENT. The sources do not say who stands above it.

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

Depth

The network starts from this company’s shareholders. What else they own or run appears here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

E&E CONSTRUCTORS was incorporated on 14 May 1984.1 Total assets fell from €805,645 in 2019 to €391,166 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-01-2027
2026
02-02
NBB filing Annual accounts filed
financial year 2025 · micro format · 2 days late
2025
30-06
Financial Weakest financial yearnet -€23,362
Net result drops to -€23,362, the lowest in the series.
31-01
NBB filing Annual accounts filed
financial year 2024 · micro format
2024
30-06
Financial Highest result from 2019 to 2025net €53,423 ▲3,656%
Net result €53,423, the highest in the series.
31-01
NBB filing Annual accounts filed
financial year 2023 · micro format
2023
30-06
Financial Back to profitnet €1,422
Net result €1,422 after 2 loss-making years.
30-06
Financial Liquidity more than triplescurrent ratio 6.86
Current ratio from 2.13 to 6.86; short-term debt falls from €285,460 to €55,355.
03-02
NBB filing Annual accounts filed
financial year 2022 · micro format · 3 days late
2021
30-12
NBB filing Annual accounts filed
financial year 2021 · micro format
2020
23-12
NBB filing Annual accounts filed
financial year 2020 · micro format
2019
26-12
NBB filing Annual accounts filed
financial year 2019 · micro format
2018
20-12
NBB filing Annual accounts filed
financial year 2018 · micro format
2017
23-11
NBB filing Annual accounts filed
financial year 2017 · micro format
19-01
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 40 annual accounts filed, the latest 10 are here; all 40 are under Financials.
0 of 6 deeds read
About the unread acts

We know of 6 Belgian Official 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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Register details

Identification
Legal formPublic limited company
Founded14-05-1984
Financial year end30-06
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if you send it electronically, you need their agreement on a secure channel. The invoice remains valid; it is the customer, not you, who risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 13 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2003
registered office establishment approximate The establishment unit on the map
Ground area
380 m²
Building footprint
254 m²
Building volume
1,573 m³
2 parcels, Flanders · tallest building 11.5 m. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
E&E CONSTRUCTORS
Geraardsbergsestraat 11, 9300 AalstManufacture of outerwear
since 2003unit no. 2.134.987.816
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
41002A2164/00B000 Flanders 240 m² 1 · 114 m² 11.5 m · 3
41002B0392/00F000 Flanders 140 m² 1 · 140 m² 7.1 m · 2
How the parcels are linked
Good to know
Both parcels match the address exactly.