E2Grid
ActiveSummary
E2Grid has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168k and a net result of €5k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 181 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 39.66 against 10.38 in 2024; short-term debt: 0.9% and cash: 36.3% of total assets), and 1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
99%
Return on assets
2.9%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-04-2026, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
94 d early
2024
94 d early
2023
119 d early
2022
90 d early
2021
109 d early
2020
89 d early
2019
93 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€168k▲ 3.1%
2024 · €163k
Total assets
€170k▲ 1.4%
2024 · €168k
Net result
€5k▲ 39.7%
2024 · €4k
Working capital
€61k▲ 55.8%
2024 · €39k
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€10k▼ 30.9%€13k▲ 25.3%€5k▼ 57.1%€5k▼ 12.5%€7k▲ 50.4%
Net result€10k▼ 30.9%€13k▲ 25.3%€4k▼ 64.4%€4k▼ 20.3%€5k▲ 39.7%
Equity€253k▲ 4.1%€265k▲ 5.0%€270k▲ 1.7%€163k▼ 39.4%€168k▲ 3.1%
Total assets€254k▲ 4.1%€267k▲ 5.0%€271k▲ 1.5%€168k▼ 38.1%€170k▲ 1.4%
Debt€1k▼ 2.6%€1k▲ 3.0%€1k▼ 28.7%€4k▲ 319%€2k▼ 61.2%
Working capital€78k▲ 53.1%€107k▲ 38.0%€129k▲ 20.0%€39k▼ 69.5%€61k▲ 55.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 50% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €170k
Fixed assets
€107k ▼ 13.6%
Current assets
€63k ▲ 44.4%
Equity and liabilities €170k
Equity
€168k ▲ 3.1%
Debt
€2k ▼ 61.2%
Debt's share of the balance-sheet total falls from 2.5% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▲
2024 · €22k
Cash flow
€22k▲
2024 · €21k
Current ratio
39.66▲
2024 · 10.38
Debt to equity
0.01▼
2024 · 0.03
ROE
3.0%▲
2024 · 2.2%
ROA
2.9%▲
2024 · 2.1%
Interest coverage
1002.65▲
2024 · 903.16
Debt ≤ 1 year
€2k▼
2024 · €4k
Income taxes
€2k▲
2024 · €1k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €17k | €17k | €17k | €17k | = |
| Other operating charges640/8 | €111 | €112 | €115 | €126 | €128 | ▲ 1.6% |
| Gross operating margin9900 | €27k | €30k | €22k | €22k | €24k | ▲ 11.0% |
| Operating profit (loss)9901 | €10k | €13k | €5k | €5k | €7k | ▲ 50.4% |
| Financial income75/76B | - | - | - | €53 | €224 | ▲ 319% |
| Recurring financial income75 | - | - | - | €53 | €224 | ▲ 319% |
| Financial charges65/66B | €21 | €24 | €24 | €24 | €24 | = |
| Recurring financial charges65 | €21 | €24 | €24 | €24 | €24 | = |
| Profit (loss) for the period before taxes9903 | €10k | €13k | €5k | €5k | €7k | ▲ 53.7% |
| Income taxes67/77 | - | - | €904 | €1k | €2k | ▲ 95.6% |
| Profit (loss) for the period9904 | €10k | €13k | €4k | €4k | €5k | ▲ 39.7% |
| Profit (loss) for the period to be appropriated9905 | €10k | €13k | €4k | €4k | €5k | ▲ 39.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €254k | €267k | €271k | €168k | €170k | ▲ 1.4% |
| Fixed assets21/28 | €175k | €158k | €141k | €124k | €107k | ▼ 13.6% |
| Tangible fixed assets22/27 | €175k | €158k | €141k | €124k | €107k | ▼ 13.6% |
| Leasing and similar rights25 | €175k | €158k | €141k | €124k | €107k | ▼ 13.6% |
| Current assets29/58 | €79k | €109k | €130k | €44k | €63k | ▲ 44.4% |
| Amounts receivable within one year40/41 | €726 | €1k | €3k | €2k | - | - |
| Trade receivables40 | €726 | €1k | - | - | - | - |
| Other amounts receivable41 | - | - | €3k | €2k | - | - |
| Cash at bank and in hand54/58 | €78k | €107k | €126k | €41k | €62k | ▲ 51.3% |
| Deferred charges and accrued income490/1 | €734 | €752 | €787 | €793 | €1k | ▲ 39.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €254k | €267k | €271k | €168k | €170k | ▲ 1.4% |
| Equity10/15 | €253k | €265k | €270k | €163k | €168k | ▲ 3.1% |
| Contributions10/11 | €200k | €200k | €200k | €90k | €90k | = |
| Reserves13 | €24k | €24k | €24k | €24k | €29k | ▲ 21.2% |
| Non-distributable reserves130/1 | €20k | €20k | - | - | - | - |
| Reserves not available under the articles1311 | €20k | €20k | - | - | - | - |
| Distributable reserves133 | €4k | €4k | €24k | €24k | €29k | ▲ 21.2% |
| Profit (loss) carried forward14 | €29k | €42k | €46k | €50k | €50k | = |
| Amounts payable17/49 | €1k | €1k | €1k | €4k | €2k | ▼ 61.2% |
| Amounts payable within one year42/48 | €1k | €1k | €952 | €4k | €2k | ▼ 62.2% |
| Trade debts44 | - | - | - | - | €26 | - |
| Suppliers440/4 | - | - | - | - | €26 | - |
| Taxes, remuneration and social security45 | €1k | €1k | €952 | €1k | €2k | ▲ 30.6% |
| Taxes450/3 | €1k | €1k | €952 | €1k | €2k | ▲ 30.6% |
| Other amounts payable47/48 | - | - | - | €3k | - | - |
| Accrued charges and deferred income492/3 | €57 | €64 | €64 | €66 | €67 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €13k | €4k | €4k | €5k | ▲ 39.7% |
| + Depreciation and write-downs630 | €17k | €17k | €17k | €17k | €17k | = |
| Operating cash flow (approximation) | €27k | €30k | €21k | €21k | €22k | ▲ 6.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €29k | €19k | €-85k | €21k | ▲ 125% |
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
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity quadruplescurrent ratio 39.66
Current ratio from 10.38 to 39.66; short-term debt falls from €4k to €2k.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €15k ▲194%
Operating result €15k, net result €15k, both a record.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
21-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Waregem · 1 establishment unit since 2011
Ground area
5,448 m²
Building footprint
5,274 m²
Volume, LiDAR
32,743 m³
Parcel 34006A0117/00Z003, Flanders · tallest building 16.8 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Kleine Heerweg 154, 8791 Waregem
since 20112.198.482.828
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0117/00Z003 | Flanders | 5,448 m² | 1 · 5,274 m² | 16.8 m · 2 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 814 companies in sector 35110 we hold annual accounts for 631. 361 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
Founded28-04-2011
Fiscal year end31-12
Activities, NACEBEL 2025
35110Production of electricity from non-renewable sources
35150Electricity, gas, steam and air conditioning supply
46643Wholesale of electrical equipment, including installation materials
Scores and ratios are computed by Checked and are not a credit decision.