E&K TECHNICS
ActiveSummary
The computed 12-month bankruptcy probability of E&K TECHNICS is 5.3% (elevated). The 2024 annual accounts show negative equity (€-18k) and a net result of €-37k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7445 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-30
Solvency0▼-70
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
5.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 1.15 in 2023; short-term debt: 175% and cash: 9.6% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-75%
Return on assets
-152.7%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-18k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
26 d late
2022
34 d early
2021
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€-18k
2023 · €19k
2021: €5k
2022: €22k▲ +332% vs 2021highest in 4 years
2023: €19k▼ -15.1% vs 2022
2024: €-18k▼ -197% vs 2023lowest in 4 years
2021 → 2024
Total assets
€24k▼ 42.7%
2023 · €42k
2021: €32k
2022: €59k▲ +84.8% vs 2021highest in 4 years
2023: €42k▼ -29.2% vs 2022
2024: €24k▼ -42.7% vs 2023lowest in 4 years
2021 → 2024
Net result
€-37k▼ 1,002%
2023 · €-3k
2021: €3k
2022: €17k▲ +555% vs 2021highest in 4 years
2023: €-3k▼ -120% vs 2022
2024: €-37k▼ -1002% vs 2023lowest in 4 years
2021 → 2024
Working capital
€-29k
2023 · €3k
2021: €-6k
2022: €3k▲ +162% vs 2021
2023: €3k▲ +1.2% vs 2022highest in 4 years
2024: €-29k▼ -945% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€5k-€22k▲ 332%€19k▼ 15.1%€-18k
2021: €5k
2022: €22k▲ +332% vs 2021highest in 4 years
2023: €19k▼ -15.1% vs 2022
2024: €-18k▼ -197% vs 2023lowest in 4 years
Operating result€3k-€25k▲ 799%€-2k€-36k▼ 1,540%
2021: €3k
2022: €25k▲ +799% vs 2021highest in 4 years
2023: €-2k▼ -109% vs 2022
2024: €-36k▼ -1540% vs 2023lowest in 4 years
Net result€3k-€17k▲ 555%€-3k€-37k▼ 1,002%
2021: €3k
2022: €17k▲ +555% vs 2021highest in 4 years
2023: €-3k▼ -120% vs 2022
2024: €-37k▼ -1002% vs 2023lowest in 4 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €36k in 2024 against €2k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24k
Fixed assets
€12k ▼ 23.6%
Current assets
€12k ▼ 53.5%
Key figures and ratios
EBITDA
€-33k▼
2023 · €2k
Cash flow
€-33k▼
2023 · €675
Solvency
-75.0%▼
2023 · 44.6%
Current ratio
0.30▼
2023 · 1.15
Quick ratio
0.20▼
2023 · 0.71
Debt to equity
-2.33▼
2023 · 1.24
ROA
-152.7%▼
2023 · -7.9%
Interest coverage
-370.14▼
2023 · 2.51
Debt
€42k▲
2023 · €23k
Debt ≤ 1 year
€42k▲
2023 · €23k
Income taxes
€158▼
2023 · €393
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€42k€24k▼
Fixed assets21/28€15k€12k▼
Tangible fixed assets22/27€15k€12k▼
Land and buildings22€11k€9k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€27k€12k▼
Stocks and contracts in progress3€10k€4k▼
Stocks30/36€10k€4k▼
Amounts receivable within one year40/41€16k€6k▼
Trade receivables40€15k€6k▼
Other amounts receivable41€592€375▼
Cash at bank and in hand54/58€915€2k▲
Equity and liabilities
Total equity and liabilities10/49€42k€24k▼
Equity10/15€19k€-18k▼
Contributions10/11€3k€3k=
Reserves13€16k-
Distributable reserves133€16k-
Profit (loss) carried forward14-€-20k
Amounts payable17/49€23k€42k▲
Amounts payable within one year42/48€23k€42k▲
Current portion of amounts payable after more than one year42€633-
Trade debts44€6k€2k▼
Suppliers440/4€6k€2k▼
Taxes, remuneration and social security45€393€624▲
Taxes450/3€393€624▲
Other amounts payable47/48€16k€39k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▼
Other operating charges640/8€341€340▼
Non-recurring operating charges66A-€4k
Gross operating margin9900€2k€-28k▼
Operating profit (loss)9901€-2k€-36k▼
Financial charges65/66B€708€88▼
Recurring financial charges65€708€88▼
Profit (loss) for the period before taxes9903€-3k€-36k▼
Income taxes67/77€393€158▼
Profit (loss) for the period9904€-3k€-37k▼
Profit (loss) for the period to be appropriated9905€-3k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-37k▼
Transfer from equity791/2€3k€16k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €3k | €4k | €4k | ▼ 10.8% |
| Other operating charges640/8 | €275 | €297 | €341 | €340 | ▼ 0.3% |
| Non-recurring operating charges66A | - | - | - | €4k | - |
| Gross operating margin9900 | €8k | €28k | €2k | €-28k | ▼ 1,430% |
| Operating profit (loss)9901 | €3k | €25k | €-2k | €-36k | ▼ 1,540% |
| Financial charges65/66B | €165 | €275 | €708 | €88 | ▼ 87.5% |
| Recurring financial charges65 | €165 | €275 | €708 | €88 | ▼ 87.5% |
| Profit (loss) for the period before taxes9903 | €3k | €24k | €-3k | €-36k | ▼ 1,146% |
| Income taxes67/77 | - | €7k | €393 | €158 | ▼ 59.8% |
| Profit (loss) for the period9904 | €3k | €17k | €-3k | €-37k | ▼ 1,002% |
| Profit (loss) for the period to be appropriated9905 | €3k | €17k | €-3k | €-37k | ▼ 1,002% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €32k | €59k | €42k | €24k | ▼ 42.7% |
| Fixed assets21/28 | €15k | €19k | €15k | €12k | ▼ 23.6% |
| Tangible fixed assets22/27 | €15k | €19k | €15k | €12k | ▼ 23.6% |
| Land and buildings22 | €5k | €12k | €11k | €9k | ▼ 12.4% |
| Plant, machinery and equipment23 | €865 | €432 | - | - | - |
| Furniture and vehicles24 | €9k | €7k | €4k | €2k | ▼ 50.1% |
| Current assets29/58 | €17k | €40k | €27k | €12k | ▼ 53.5% |
| Stocks and contracts in progress3 | €438 | €3k | €10k | €4k | ▼ 62.2% |
| Stocks30/36 | €438 | €3k | €10k | €4k | ▼ 62.2% |
| Amounts receivable within one year40/41 | €11k | €29k | €16k | €6k | ▼ 59.9% |
| Trade receivables40 | €11k | €27k | €15k | €6k | ▼ 60.8% |
| Other amounts receivable41 | - | €3k | €592 | €375 | ▼ 36.7% |
| Cash at bank and in hand54/58 | €6k | €8k | €915 | €2k | ▲ 152% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €32k | €59k | €42k | €24k | ▼ 42.7% |
| Equity10/15 | €5k | €22k | €19k | €-18k | ▼ 197% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €3k | €19k | €16k | - | - |
| Distributable reserves133 | €3k | €19k | €16k | - | - |
| Profit (loss) carried forward14 | - | - | - | €-20k | - |
| Amounts payable17/49 | €27k | €37k | €23k | €42k | ▲ 81.0% |
| Amounts payable after more than one year17 | €4k | €633 | - | - | - |
| Financial debts170/4 | €4k | €633 | - | - | - |
| Amounts payable within one year42/48 | €22k | €36k | €23k | €42k | ▲ 81.0% |
| Current portion of amounts payable after more than one year42 | €4k | €4k | €633 | - | - |
| Trade debts44 | €3k | €10k | €6k | €2k | ▼ 68.6% |
| Suppliers440/4 | €3k | €10k | €6k | €2k | ▼ 68.6% |
| Taxes, remuneration and social security45 | €8k | €7k | €393 | €624 | ▲ 58.7% |
| Taxes450/3 | €8k | €7k | €393 | €624 | ▲ 58.7% |
| Other amounts payable47/48 | €8k | €16k | €16k | €39k | ▲ 148% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €17k | €-3k | €-37k | ▼ 1,002% |
| + Depreciation and write-downs630 | €5k | €3k | €4k | €4k | ▼ 10.8% |
| Operating cash flow (approximation) | €7k | €20k | €675 | €-33k | ▼ 4,981% |
| Investment in fixed assets (approximation) | - | €-7k | €0 | €0 | - |
| Change in cash | - | €2k | €-7k | €1k | ▲ 120% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2021net €17k ▲555%
Operating result €25k, net result €17k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tielt · 1 establishment unit since 2020
Ground area
1,159 m²
Building footprint
189 m²
Volume, LiDAR
437 m³
Parcel 37007E0614/00D000, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
E&K TECHNICS
since 20202.311.111.904
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37007E0614/00D000 | Flanders | 1,159 m² | 1 · 189 m² | 5.7 m · 1 fl. |
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.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 7,050 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
Founded27-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
68121Development of residential building projects
Scores and ratios are computed by Checked and are not a credit decision.