EASYFENCE
ActiveSummary
The computed 12-month bankruptcy probability of EASYFENCE is 2.1% (moderate). The annual accounts of EASYFENCE for fiscal year 2025 show a net loss of 68% of the equity at the start of that year. The 2025 annual accounts show equity of €143,429 and a net result of -€305,251. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 13% of 8085 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability17▼-59
Solvency29▼-13
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.58 against 1.09 in 2024; short-term debt: 50% and cash: 2.5% of total assets), but 96.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8085 sector peers (2025).
NBB · sector comparisonPosition among 8085 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
20 d late
2024
13 d late
2023
32 d early
2022
35 d early
2021
46 d early
2020
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#5 fastest grower in Ath
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€305,251
2024 · €160,491
Working capital
€1.2m▲ 760%
2024 · €135,046
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€187,456▲ 93.4%€42,085▼ 77.5%€8,968▼ 78.7%€217,517▲ 2,325%-€254,604
Net result€147,604▲ 88.0%€29,369▼ 80.1%€2,696▼ 90.8%€160,491▲ 5,854%-€305,251
Equity€256,125▲ 136%€285,495▲ 11.5%€288,190▲ 0.9%€448,681▲ 55.7%€143,429▼ 68.0%
Total assets€440,175▲ 102%€762,734▲ 73.3%€1.2m▲ 51.3%€2.7m▲ 131%€4.0m▲ 51.5%
Debt€184,050▲ 67.5%€477,239▲ 159%€865,503▲ 81.4%€2.2m▲ 156%€3.9m▲ 75.7%
Working capital€110,616▲ 102%€110,441▼ 0.2%-€424,096€135,046€1.2m▲ 760%
Staff (FTE)9.7▲ 116%10.8▲ 11.3%12.4▲ 14.8%12.6▲ 1.6%15.7▲ 24.6%
Why a figure moved sharply
- 2025 Equity -68%, Total assets +51% on 2024. Cause not known from the registers.
- 2024 Net result +5,854%, Equity +56%, Total assets +131% on 2023. Cause not known from the registers.
- 2023 Total assets +51% on 2022. Cause not known from the registers.
- 2022 Net result -80% on 2021. The accounts now follow the full schema, last year the micro schema.
- 2022 Total assets +73% on 2021. Cause not known from the registers.
- 2021 Equity +136%, Total assets +102% on 2020. Cause not known from the registers.
- 2021 Staff (FTE) +116% on 2020. The accounts now follow the micro schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €254,604 after €217,517 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.0m
Fixed assets
€852,394 ▼ 19.0%
Current assets
€3.2m ▲ 97.6%
Equity and liabilities €4.0m
Equity
€143,429 ▼ 68.0%
Debt
€3.9m ▲ 75.7%
Debt's share of the balance-sheet total rises from 83.1% to 96.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€51,561▼
2024 · €464,546
Cash flow
€913▼
2024 · €407,521
Current ratio
1.58▲
2024 · 1.09
Quick ratio
0.59▲
2024 · 0.17
Debt to equity
27.11▲
2024 · 4.93
ROE
-212.8%▼
2024 · 35.8%
ROA
-7.6%▼
2024 · 6.0%
Interest coverage
0.97▼
2024 · 14.53
Debt ≤ 1 year
€2.0m▲
2024 · €1.5m
Debt > 1 year
€1.9m▲
2024 · €738,900
Income taxes
€1,234▼
2024 · €33,276
Staff costs
€965,742▲
2024 · €722,155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 818 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.3%
stopped otherwise
94%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 818 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €506,058 | €576,375 | €728,460 | €722,155 | €965,742 | ▲ 33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,152 | €46,467 | €92,641 | €247,030 | €306,165 | ▲ 23.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €31,846 | -€212 | ▼ 101% |
| Other operating charges640/8 | €915 | €1,519 | €12,276 | €31,468 | €35,064 | ▲ 11.4% |
| Gross operating margin9900 | €723,581 | €666,446 | €842,344 | €1.3m | €1.1m | ▼ 15.8% |
| Operating profit (loss)9901 | €187,456 | €42,085 | €8,968 | €217,517 | -€254,604 | ▼ 217% |
| Financial income75/76B | €15 | €4 | €41 | €8,768 | €3,990 | ▼ 54.5% |
| Recurring financial income75 | €15 | €4 | €41 | €8,768 | €244 | ▼ 97.2% |
| Non-recurring financial income76B | - | - | - | - | €3,746 | - |
| Financial charges65/66B | €682 | €828 | €5,372 | €32,518 | €53,403 | ▲ 64.2% |
| Recurring financial charges65 | €682 | €828 | €5,372 | €31,964 | €53,403 | ▲ 67.1% |
| Non-recurring financial charges66B | - | - | - | €554 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €186,789 | €41,261 | €3,637 | €193,767 | -€304,017 | ▼ 257% |
| Income taxes67/77 | €39,185 | €11,892 | €942 | €33,276 | €1,234 | ▼ 96.3% |
| Profit (loss) for the period9904 | €147,604 | €29,369 | €2,696 | €160,491 | -€305,251 | ▼ 290% |
| Profit (loss) for the period to be appropriated9905 | €147,604 | €29,369 | €2,696 | €160,491 | -€305,251 | ▼ 290% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €440,175 | €762,734 | €1.2m | €2.7m | €4.0m | ▲ 51.5% |
| Fixed assets21/28 | €153,646 | €175,054 | €885,401 | €1.1m | €852,394 | ▼ 19.0% |
| Intangible fixed assets21 | - | - | €347,137 | €479,715 | €370,278 | ▼ 22.8% |
| Tangible fixed assets22/27 | €153,646 | €175,054 | €523,264 | €534,299 | €443,595 | ▼ 17.0% |
| Land and buildings22 | €13,085 | €16,014 | €14,549 | €144,239 | €119,216 | ▼ 17.3% |
| Plant, machinery and equipment23 | €106,423 | €101,967 | €161,860 | €127,430 | €142,022 | ▲ 11.5% |
| Furniture and vehicles24 | €34,138 | €57,073 | €346,855 | €262,630 | €182,357 | ▼ 30.6% |
| Financial fixed assets28 | - | - | €15,000 | €38,520 | €38,520 | = |
| Current assets29/58 | €286,529 | €587,680 | €268,292 | €1.6m | €3.2m | ▲ 97.6% |
| Stocks and contracts in progress3 | - | - | - | €1.4m | €2.0m | ▲ 45.8% |
| Stocks30/36 | - | - | - | €1.2m | €2.0m | ▲ 63.7% |
| Contracts in progress37 | - | - | - | €148,403 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €151,395 | €188,081 | €202,012 | €160,978 | €1.1m | ▲ 569% |
| Trade receivables40 | €151,395 | €188,081 | €183,666 | €148,150 | €1.0m | ▲ 607% |
| Other amounts receivable41 | - | - | €18,346 | €12,828 | €29,753 | ▲ 132% |
| Cash at bank and in hand54/58 | €122,074 | €390,383 | €51,775 | €61,461 | €101,671 | ▲ 65.4% |
| Deferred charges and accrued income490/1 | €13,060 | €9,217 | €14,505 | €27,313 | €17,864 | ▼ 34.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €440,175 | €762,734 | €1.2m | €2.7m | €4.0m | ▲ 51.5% |
| Equity10/15 | €256,125 | €285,495 | €288,190 | €448,681 | €143,429 | ▼ 68.0% |
| Contributions10/11 | €30,000 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Reserves13 | €226,125 | €255,495 | €258,190 | €418,681 | €113,429 | ▼ 72.9% |
| Distributable reserves133 | €226,125 | €255,495 | €258,190 | €418,681 | €113,429 | ▼ 72.9% |
| Amounts payable17/49 | €184,050 | €477,239 | €865,503 | €2.2m | €3.9m | ▲ 75.7% |
| Amounts payable after more than one year17 | - | - | €173,114 | €738,900 | €1.9m | ▲ 153% |
| Financial debts170/4 | - | - | €173,114 | €256,348 | €214,085 | ▼ 16.5% |
| Other amounts payable178/9 | - | - | - | €482,551 | €1.7m | ▲ 243% |
| Amounts payable within one year42/48 | €175,913 | €477,239 | €692,389 | €1.5m | €2.0m | ▲ 36.9% |
| Current portion of amounts payable after more than one year42 | - | - | €187,337 | €38,217 | €42,264 | ▲ 10.6% |
| Financial debts43 | - | - | - | €36,100 | €600,000 | ▲ 1,562% |
| Credit institutions430/8 | - | - | - | €36,100 | €600,000 | ▲ 1,562% |
| Trade debts44 | €73,409 | €412,994 | €405,322 | €1.3m | €1.0m | ▼ 19.8% |
| Suppliers440/4 | €73,409 | €412,994 | €405,322 | €1.3m | €1.0m | ▼ 19.8% |
| Taxes, remuneration and social security45 | €100,918 | €64,246 | €96,148 | €139,938 | €365,232 | ▲ 161% |
| Taxes450/3 | €54,431 | €11,963 | €2,193 | €48,132 | €208,404 | ▲ 333% |
| Remuneration and social security454/9 | €46,488 | €52,283 | €93,955 | €91,806 | €156,828 | ▲ 70.8% |
| Other amounts payable47/48 | €1,585 | - | €3,581 | €0 | - | - |
| Accrued charges and deferred income492/3 | €8,137 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €147,604 | €29,369 | €2,696 | €160,491 | -€305,251 | ▼ 290% |
| + Depreciation and write-downs630 | €29,152 | €46,467 | €92,641 | €247,030 | €306,165 | ▲ 23.9% |
| Operating cash flow (approximation) | €176,756 | €75,836 | €95,336 | €407,521 | €913 | ▼ 99.8% |
| Investment in fixed assets (approximation) | - | -€67,874 | -€802,988 | -€414,163 | -€106,024 | ▲ 74.4% |
| Change in cash | - | €268,309 | -€338,608 | €9,686 | €40,210 | ▲ 315% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 20 days late
2025
31-12
Financial
Weakest financial yearnet -€305,251
Net result drops to -€305,251, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 13 days late
2024
31-12
Financial
Highest result since 2020net €160,491 ▲5,854%
Operating result €217,517, net result €160,491, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.09
Current ratio from 0.39 to 1.09.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €256,125 ▲136%
2 profitable years in a row build equity to €256,125.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ath · 2 establishment units since 2020
Ground area
8,620 m²
Building footprint
4,416 m²
Volume, LiDAR
12,811 m³
2 parcels, Wallonia · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
EASYFENCE
since 20202.301.292.435
EASYFENCE
since 20252.390.325.369
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028C0082/00X005 | Wallonia | 4,929 m² | 1 · 3,024 m² | 9.9 m · 2 fl. |
| 51040A0175/00R000 | Wallonia | 3,690 m² | 1 · 1,392 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 396 companies in sector 46839 we hold annual accounts for 251. 166 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
Founded16-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46839Wholesale trade
47522Retail trade
Contact
E-mail
rh@easyfence.beAth
Phone
068264110Ath
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746348781
Registered
04-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.