E40
ActiveSummary
E40 has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€139,683) and a net result of -€2,066. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 5% of 41 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
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Signals
This company filed its last 7 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 39, Remediation activities and other waste management service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% 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 497,340 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% 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 6,621 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0 | - | - | - | - | - |
| Other operating charges640/8 | - | €484 | €507 | €627 | €711 | ▲ 13.3% |
| Gross operating margin9900 | -€2,930 | -€1,402 | -€1,144 | -€1,260 | -€1,182 | ▲ 6.1% |
| Operating profit (loss)9901 | -€3,488 | -€1,886 | -€1,651 | -€1,887 | -€1,893 | ▼ 0.3% |
| Financial income75/76B | - | €0 | - | - | - | - |
| Recurring financial income75 | €881 | €0 | - | - | - | - |
| Financial charges65/66B | - | €270 | €248 | €184 | €172 | ▼ 6.4% |
| Recurring financial charges65 | €206 | €270 | €248 | €184 | €172 | ▼ 6.4% |
| Profit (loss) for the period before taxes9903 | -€2,813 | -€2,156 | -€1,899 | -€2,071 | -€2,066 | ▲ 0.3% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€2,813 | -€2,156 | -€1,899 | -€2,071 | -€2,066 | ▲ 0.3% |
| Profit (loss) for the period to be appropriated9905 | -€2,813 | -€2,156 | -€1,899 | -€2,071 | -€2,066 | ▲ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,796 | €2,759 | €2,993 | €3,127 | €3,416 | ▲ 9.2% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €2,796 | €2,759 | €2,993 | €3,127 | €3,416 | ▲ 9.2% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €2,459 | €2,691 | €2,912 | €3,040 | €3,334 | ▲ 9.7% |
| Trade receivables40 | - | - | - | €95 | - | - |
| Other amounts receivable41 | - | €2,691 | €2,912 | €2,946 | €3,334 | ▲ 13.2% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €277 | €5 | €13 | €87 | €8 | ▼ 90.6% |
| Deferred charges and accrued income490/1 | - | €62 | €68 | - | €74 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,796 | €2,759 | €2,993 | €3,127 | €3,416 | ▲ 9.2% |
| Equity10/15 | -€133,361 | -€133,648 | -€135,547 | -€137,618 | -€139,683 | ▼ 1.5% |
| Contributions10/11 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €62,000 | €62,000 | = |
| Issued capital100 | - | - | - | €62,000 | €62,000 | = |
| Profit (loss) carried forward14 | -€195,361 | -€195,648 | -€197,547 | -€199,618 | -€201,683 | ▼ 1.0% |
| Amounts payable17/49 | €136,156 | €136,407 | €138,540 | €140,745 | €143,099 | ▲ 1.7% |
| Amounts payable within one year42/48 | €136,156 | €136,407 | €138,540 | €140,625 | €143,099 | ▲ 1.8% |
| Trade debts44 | €163 | €745 | €1,523 | €3,021 | €1,565 | ▼ 48.2% |
| Suppliers440/4 | - | €745 | €1,523 | €3,021 | €1,565 | ▼ 48.2% |
| Other amounts payable47/48 | - | €135,662 | €137,017 | €137,604 | €141,534 | ▲ 2.9% |
| Accrued charges and deferred income492/3 | - | - | - | €120 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,813 | -€2,156 | -€1,899 | -€2,071 | -€2,066 | ▲ 0.3% |
| + Depreciation and write-downs630 | €0 | - | - | - | - | - |
| Operating cash flow (approximation) | -€2,813 | -€2,156 | -€1,899 | -€2,071 | -€2,066 | ▲ 0.3% |
| Change in cash | - | -€272 | €8 | €74 | -€79 | ▼ 207% |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23041A0002/00N000 | Flanders | 605 m² | 1 · 126 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
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Company details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.