E4U
ActiveSummary
E4U has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €133k and a net result of €-3k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 38% of 275 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability58▲+18
Solvency58▲+10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days only on tighter terms
Liquidity ample (current ratio 1.91 against 1.33 in 2023; short-term debt: 9.9% and cash: 9.2% of total assets), but 66.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 26
Relative position
BE, all sectors
reference
Manufacture of computer, electronic and optical products (NACE 26)
about 73% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
33.1%
Return on assets
-0.8%
Age of the figures
21 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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2024
92 d late
2023
135 d late
2022
500 d late
2021
2 d late
2020
73 d late
2019
36 d late
2018
on the day
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€133k▲ 10.4%
2023 · €120k
Total assets
€401k▼ 21.8%
2023 · €513k
Net result
€-3k▲ 73.9%
2023 · €-12k
Working capital
€36k▼ 14.2%
2023 · €42k
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
Line20202021202220232024
Operating result€-8k€412€20k▲ 4,758%€-7k€645
Net result€-16k€-7k▲ 51.7%€14k€-12k€-3k▲ 73.9%
Equity€127k▼ 10.9%€129k▲ 1.9%€133k▲ 2.9%€120k▼ 9.4%€133k▲ 10.4%
Total assets€565k▼ 8.7%€531k▼ 6.0%€590k▲ 11.1%€513k▼ 13.1%€401k▼ 21.8%
Debt€438k▼ 8.0%€402k▼ 8.2%€458k▲ 13.7%€393k▼ 14.2%€268k▼ 31.6%
Working capital€41k▲ 14.8%€49k▲ 20.7%€55k▲ 11.8%€42k▼ 23.7%€36k▼ 14.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €645 after a loss of €7k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €401k
Fixed assets
€326k ▼ 5.5%
Current assets
€76k ▼ 55.0%
Equity and liabilities €401k
Equity
€133k ▲ 10.4%
Debt
€268k ▼ 31.6%
Debt's share of the balance-sheet total falls from 76.6% to 66.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19k▲
2023 · €18k
Cash flow
€15k▲
2023 · €12k
Current ratio
1.91▲
2023 · 1.33
Quick ratio
1.20▲
2023 · 1.08
Debt to equity
2.02▼
2023 · 3.27
ROE
-2.4%▲
2023 · -10.4%
ROA
-0.8%▲
2023 · -2.4%
Interest coverage
4.78▲
2023 · 2.91
Debt ≤ 1 year
€40k▼
2023 · €126k
Debt > 1 year
€229k▼
2023 · €266k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €35k | €25k | €24k | €18k | ▼ 25.4% |
| Other operating charges640/8 | - | - | €4k | €4k | €5k | ▲ 11.9% |
| Gross operating margin9900 | €59k | €59k | €49k | €22k | €23k | ▲ 7.2% |
| Operating profit (loss)9901 | €-8k | €412 | €20k | €-7k | €645 | ▲ 110% |
| Financial income75/76B | - | - | €1 | €100 | - | - |
| Recurring financial income75 | - | - | €1 | €100 | - | - |
| Financial charges65/66B | - | - | €6k | €6k | €4k | ▼ 35.2% |
| Recurring financial charges65 | €7k | €8k | €6k | €6k | €4k | ▼ 35.2% |
| Profit (loss) for the period before taxes9903 | €-16k | €-7k | €14k | €-12k | €-3k | ▲ 73.9% |
| Income taxes67/77 | - | - | €174 | - | - | - |
| Profit (loss) for the period9904 | €-16k | €-7k | €14k | €-12k | €-3k | ▲ 73.9% |
| Profit (loss) for the period to be appropriated9905 | €-16k | €-7k | €14k | €-12k | €-3k | ▲ 73.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €565k | €531k | €590k | €513k | €401k | ▼ 21.8% |
| Fixed assets21/28 | €425k | €391k | €367k | €345k | €326k | ▼ 5.5% |
| Intangible fixed assets21 | €6k | - | - | - | - | - |
| Tangible fixed assets22/27 | €419k | €391k | €367k | €344k | €325k | ▼ 5.5% |
| Land and buildings22 | - | - | €365k | €343k | €324k | ▼ 5.4% |
| Plant, machinery and equipment23 | - | - | €580 | €2k | €1k | ▼ 33.2% |
| Furniture and vehicles24 | - | - | €1k | €0 | €0 | = |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €140k | €141k | €223k | €168k | €76k | ▼ 55.0% |
| Stocks and contracts in progress3 | €31k | €34k | €31k | €32k | €28k | ▼ 12.5% |
| Stocks30/36 | - | - | €31k | €32k | €28k | ▼ 12.5% |
| Amounts receivable within one year40/41 | €9k | €12k | €82k | €57k | €11k | ▼ 81.3% |
| Trade receivables40 | - | - | €27k | €48k | €3k | ▼ 93.9% |
| Other amounts receivable41 | - | - | €55k | €9k | €8k | ▼ 11.8% |
| Cash at bank and in hand54/58 | €97k | €88k | €110k | €79k | €37k | ▼ 53.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €565k | €531k | €590k | €513k | €401k | ▼ 21.8% |
| Equity10/15 | €127k | €129k | €133k | €120k | €133k | ▲ 10.4% |
| Contributions10/11 | €21k | €21k | €21k | €21k | €21k | = |
| Capital10 | - | - | €21k | €21k | €21k | = |
| Issued capital100 | - | - | €21k | €21k | €21k | = |
| Reserves13 | €106k | €108k | €112k | €99k | €112k | ▲ 12.6% |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Legal reserve130 | - | - | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | - | €19k | €19k | €19k | = |
| Distributable reserves133 | - | - | €91k | €78k | €91k | ▲ 16.0% |
| Amounts payable17/49 | €438k | €402k | €458k | €393k | €268k | ▼ 31.6% |
| Amounts payable after more than one year17 | €340k | €311k | €290k | €266k | €229k | ▼ 14.1% |
| Financial debts170/4 | - | - | €290k | €266k | €229k | ▼ 14.1% |
| Amounts payable within one year42/48 | €99k | €91k | €168k | €126k | €40k | ▼ 68.6% |
| Current portion of amounts payable after more than one year42 | - | - | €23k | €23k | €23k | = |
| Trade debts44 | €9k | €2k | €19k | €15k | €6k | ▼ 60.9% |
| Suppliers440/4 | - | - | €19k | €15k | €6k | ▼ 60.9% |
| Taxes, remuneration and social security45 | - | - | €51k | €6k | - | - |
| Taxes450/3 | - | - | €48k | €6k | - | - |
| Remuneration and social security454/9 | - | - | €2k | - | - | - |
| Other amounts payable47/48 | - | - | €75k | €81k | €10k | ▼ 87.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-16k | €-7k | €14k | €-12k | €-3k | ▲ 73.9% |
| + Depreciation and write-downs630 | €44k | €35k | €25k | €24k | €18k | ▼ 25.4% |
| Operating cash flow (approximation) | €29k | €27k | €39k | €12k | €15k | ▲ 26.6% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-1k | €1k | ▲ 187% |
| Change in cash | - | €-9k | €21k | €-31k | €-42k | ▼ 36.2% |
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
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
14-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 135 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 500 days late
2022
31-03
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
12-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
2020
31-03
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
2019
06-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 36 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
14-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 44 days late
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 52 days late
2015
16-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 46 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Brugge · 1 establishment unit since 2008
Ground area
466 m²
Building footprint
156 m²
Volume, LiDAR
858 m³
Parcel 31424B0550/00P000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
E4U
since 20082.171.474.068
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31424B0550/00P000 | Flanders | 466 m² | 1 · 156 m² | 8.8 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.
Similar companies · same sector, comparable size
CONSORT
BE 0416.189.287
Turnhout · Eq €137k
Manufacture Le Cygne
BE 0400.638.902
Kraainem · Eq €129k
TM INDUSTRY
BE 0453.457.083
Villers-le-Bouillet · Eq €127k
R.A.S.
BE 0889.484.456
Beveren · Eq €140k
CURSOR SYSTEMS
BE 0462.839.557
Sint-Katelijne-Waver · Eq €141k
Of 213 companies in sector 26510 we hold annual accounts for 166. 89 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
Founded22-04-2008
Fiscal year end31-12
Activities, NACEBEL 2025
26510Manufacture of computer, electronic and optical products
28210Manufacture of machinery and equipment not elsewhere classified
43120Site preparation
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43320Joinery installation
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.