e2smart
ActiveSummary
e2smart has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €372,648 and a net result of -€15,083. Its solvency ranks better than 54% of 883 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Staff
- 4.8 FTE
- Equity
- €372,648
- Loss
- -€15,083
Why 79raises riskFounded in 2023Liquidity: current ratio 1.89, cash €42,308lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Figures for financial year 2025 (filed 31-01-2026)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (NACE 71, micro): better than 43% on solvency, 13% on liquidity and 14% on profitability.
The bankruptcy probability was computed on 21-10-2026 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
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · full…
- Capital & sharesCapital contribution · Shareholding ·…
- Assemblee Generale - Annee ComptableAmendment of the articles ·…
Financials · financial year 2025, full format
Peer companies
Historical observationOf the 2,146 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 91.6% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 2,146 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €723,808 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,615 |
| Other operating charges640/8 | €14,777 |
| Gross operating margin9900 | €752,367 |
| Operating profit (loss)9901 | €11,166 |
| Financial income75/76B | €40 |
| Recurring financial income75 | €40 |
| Financial charges65/66B | €16,224 |
| Recurring financial charges65 | €16,224 |
| Profit (loss) for the period before taxes9903 | -€5,017 |
| Income taxes67/77 | €10,065 |
| Profit (loss) for the period9904 | -€15,083 |
| Profit (loss) for the period to be appropriated9905 | -€15,083 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €826,035 | |
| Formation expenses20 | €4,456 | |
| Fixed assets21/28 | €15,421 | |
| Tangible fixed assets22/27 | €15,216 | |
| Plant, machinery and equipment23 | €6,207 | |
| Furniture and vehicles24 | €9,008 | |
| Financial fixed assets28 | €205 | |
| Current assets29/58 | €806,159 | |
| Amounts receivable within one year40/41 | €747,863 | |
| Trade receivables40 | €331,666 | |
| Other amounts receivable41 | €416,197 | |
| Cash at bank and in hand54/58 | €42,308 | |
| Deferred charges and accrued income490/1 | €15,988 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €826,035 | |
| Equity10/15 | €372,648 | |
| Contributions10/11 | €40,000 | |
| Profit (loss) carried forward14 | -€15,083 | |
| Investment grants15 | €347,730 | |
| Amounts payable17/49 | €453,387 | |
| Amounts payable within one year42/48 | €427,096 | |
| Trade debts44 | €234,883 | |
| Suppliers440/4 | €234,883 | |
| Taxes, remuneration and social security45 | €121,325 | |
| Taxes450/3 | €47,963 | |
| Remuneration and social security454/9 | €73,363 | |
| Other amounts payable47/48 | €70,888 | |
| Accrued charges and deferred income492/3 | €26,291 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€15,083 |
| + Depreciation and write-downs630 | €2,615 |
| Operating cash flow (approximation) | -€12,467 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | full format | 29-01-2026 | 2026-00023573 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- KOVERIA €160,000 · “versement sur un compte spécial ouvert auprès de la banque BELFIUS”
- KOVERIA
- KOVERIA 900 shares · €35,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 20-09-2024 Capital increase of €35,000 · to €40,000 · 900 new shares · in cash
Group and network
Connections & network
No directors read yet: 4 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
21-10
Gazette deed
Capital & sharesCapital contribution · Shareholding · Power of attorney5 facts ▸
- General meeting, 18-09-2025
- Capital contribution, €160,000
- Shareholding, 18-09-2025
- Other provision, 200000, “acceptation de l'apport supplémentaire sans émission d'actions nouvelles et constatation des capitaux propres” (deed in French)
- Power of attorney
20-12
Gazette deed
Assemblee Generale - Annee ComptableAmendment of the articles · Power of attorney4 facts ▸
- General meeting, “Assemblée Générale Extraordinaire des actionnaires, points à l'ordre du jour” (deed in French)
- Amendment of the articles, 16
- Amendment of the articles, 23
- Power of attorney, Catherine TAHON
20-09
Gazette deed
Amendment of the articles · MiscellaneousRegistered office clause · Incorporation · Capital increase11 facts ▸
- Registered office clause, “Avenue de la Grande Rotisse 45,4030 Grivegnée, BE804.022.409” (deed in French)
- General meeting, 17-09-2024
- Incorporation, 13-07-2023
- Other provision, “statuts non modifiés, unchanged since incorporation” (deed in French)
- Other provision, “unanimité, renonciation aux rapports article 5.121 Code des Sociétés et des Associations” (deed in French)
- Capital increase, €35,000
- Capital contribution, €35,000
- Bank account, “BE21 0689 5339 1203”, 35000 (deed in French)
- Capital
- Amendment of the articles
- Power of attorney
02-04
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, 11-03-2024
- Registered-office move, Avenue de la Grande Rotisse 45 à 4030 Grivegnée
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 4 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 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
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62302C1414/00A000 | Wallonia | 4,433 m² | - | - |
| 62002D0087/00F006 | Wallonia | 381 m² | 1 · 42 m² | 11.5 m · 4 |
How the parcels are linked
Articles of association
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of December at 18:00
Read from the deeds: 1 provision, deed of 20-12-2024