Checked.be · Company dossierhttps://checked.be/en/c/eeg-0442891013 · as of 31-10-2026
EEG
Active
Public limited company · founded 1991 · active for 35 yearsOostlaan 5, 8560 Wevelgem, BelgiumKBO/BCE: BE 0442.891.013
Summary
EEG has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26.3m and a net result of €158,286. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 34% of 2,441 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
VOF JDS ConsultChair · permanent representative Jan De Schepper
2025 accounts filed 32 days late8 of 28 deeds summarised
Why 68raises riskLiquidity: current ratio 1.39, cash €2.3mLast filed accounts filed 32 days late; 2 of the last 3 lateSector: Specialised construction activities (NACE 43)lowers riskFounded in 1991Show the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
68/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 40% of its sector peers (NACE 43, large)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Average
Solvency56=
equity 31.3% of total assets
Liquidity22+3
short-term debt 60.2% · cash 2.7%
Profitability57+25
return on assets 0.2%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
0.7%Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.3% (35 companies, NACE 43, large)
Last 24 months11-2024: 0.8%12-2024: 0.8%● unchanged vs 11-202401-2025: 0.8%● unchanged vs 12-202402-2025: 0.7%▼ -0.1 percentage points vs 01-202503-2025: 0.7%● unchanged vs 02-202504-2025: 0.7%● unchanged vs 03-202505-2025: 0.8%▲ +0.1 percentage points vs 04-202506-2025: 0.8%● unchanged vs 05-202507-2025: 0.8%● unchanged vs 06-202508-2025: 1.3%▲ +0.5 percentage points vs 07-202509-2025: 1.5%▲ +0.2 percentage points vs 08-202510-2025: 0.7%▼ -0.8 percentage points vs 09-202511-2025: 0.7%● unchanged vs 10-202512-2025: 0.7%● unchanged vs 11-202501-2026: 0.7%● unchanged vs 12-202502-2026: 0.7%● unchanged vs 01-2026lowest value03-2026: 0.7%● unchanged vs 02-202604-2026: 0.7%● unchanged vs 03-202605-2026: 0.7%● unchanged vs 04-202606-2026: 0.7%● unchanged vs 05-202607-2026: 0.7%● unchanged vs 06-202608-2026: 1.3%▲ +0.6 percentage points vs 07-202609-2026: 1.6%▲ +0.3 percentage points vs 08-2026highest value10-2026: 0.7%▼ -0.9 percentage points vs 09-2026
Credit of up to €1,750,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.39, compared with 1.35 in 2024, below the usual 1.5; short-term debt: 60.2% and cash: 2.7% of total assets), and 68.7% of the assets are financed with debt and provisions.
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 43, large): better than 69% on solvency, 28% on liquidity, 22% on profitability and 43% on growth.
The bankruptcy probability was computed on 30-10-2026 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).
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 36 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 September (4 of the last 5 filed years within 50 days of that day).
2025 annual accounts filed late (32 days)Filed on 1 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00495190.
Turnover
Turnover
What the company sold in the financial year. Rising revenue points to growth; compare with last year and with the sector.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€84.0m2025Equity€26.3m2025Debt€57.1m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€19.7m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.0%2025Return on assets (ROA)0.2%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency31.3%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.392025
Average staff in full-time equivalents (FTE).
Staff (FTE)522.52025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
Net result€2.4m-€1.7m▼ 31.2%€1.9mabove the sector's middle half▲ 15.4%€0.9mabove the sector's middle half▼ 52.1%€1.8mabove the sector's middle half▲ 94.5%€2.0mabove the sector's middle half▲ 13.6%-€1.2mbelow the sector's middle half€0.2mwithin the sector's middle half
Equity€26.9m-€27.0m▲ 0.2%€27.0mabove the sector's middle half=€27.0mabove the sector's middle half=€27.0mabove the sector's middle half=€27.3mabove the sector's middle half▲ 1.2%€26.1mabove the sector's middle half▼ 4.4%€26.3mabove the sector's middle half▲ 0.6%
Total assets€62.3m-€65.4m▲ 5.0%€60.2mabove the sector's middle half▼ 8.1%€64.4mabove the sector's middle half▲ 7.0%€70.3mabove the sector's middle half▲ 9.2%€71.5mabove the sector's middle half▲ 1.6%€84.4mabove the sector's middle half▲ 18.1%€84.0mabove the sector's middle half▼ 0.4%
Working capital€21.8m-€20.3m▼ 6.7%€20.6mabove the sector's middle half▲ 1.4%€19.8mabove the sector's middle half▼ 3.8%€16.6mabove the sector's middle half▼ 16.2%€18.1mabove the sector's middle half▲ 9.1%€18.3mabove the sector's middle half▲ 1.3%€19.7mabove the sector's middle half▲ 7.4%
Solvency43.2%-41.3%▼ 1.9pp44.9%within the sector's middle half▲ 3.6pp41.9%within the sector's middle half▼ 2.9pp38.4%within the sector's middle half▼ 3.5pp38.2%within the sector's middle half▼ 0.2pp31.0%within the sector's middle half▼ 7.3pp31.3%within the sector's middle half▲ 0.3pp
Current ratio1.72-1.59▼ 0.131.72within the sector's middle half▲ 0.131.59within the sector's middle half▼ 0.141.41within the sector's middle half▼ 0.181.43within the sector's middle half▲ 0.031.35within the sector's middle half▼ 0.081.39within the sector's middle half▲ 0.04
Return on assets (ROA)3.9%-2.5%▼ 1.3pp3.2%within the sector's middle half▲ 0.6pp1.4%within the sector's middle half▼ 1.8pp2.5%within the sector's middle half▲ 1.1pp2.8%within the sector's middle half▲ 0.3pp-1.4%below the sector's middle half▼ 4.3pp0.2%below the sector's middle half▲ 1.6pp
Staff (FTE)337.8-366.1▲ 8.4%362.6above the sector's middle half▼ 1.0%367.1above the sector's middle half▲ 1.2%354.3above the sector's middle half▼ 3.5%391.9above the sector's middle half▲ 10.6%554.7above the sector's middle half▲ 41.5%522.5above the sector's middle half▼ 5.8%
abovewithinbelowthe middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €84.0m
16.4%
83.6%
Fixed assets€13.8m ▼ 0.2%
Current assets€70.2m ▼ 0.4%
Equity and liabilities €84.0m
31.3%
68.0%
Equity€26.3m ▲ 0.6%
Provisions€585,623 ▼ 77.4%
Debt€57.1m ▲ 2.7%
Debt's share of the balance-sheet total rises from 66.0% to 68.0%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€5.0m▲
2024 · €2.2m
Cash flow
€3.6m▲
2024 · €1.9m
Quick ratio
1.15▲
2024 · 1.04
Debt to equity
2.17▲
2024 · 2.13
ROE
0.6%▲
2024 · -4.6%
Interest coverage
7.83▲
2024 · 2.21
Debt ≤ 1 year
€50.6m▼
2024 · €52.2m
Debt > 1 year
€4.7m▲
2024 · €1.6m
Income taxes
€736,467▲
2024 · €328,137
Staff costs
€40.5m▲
2024 · €40.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 513 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 96.1% are still going.
Large
20 years or older
solvency 30% or more
a profit under 5% of the balance sheet
0.8%went bankrupt
3.1%stopped otherwise
96.1%still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
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%
0.9%
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 513 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
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 103 lines
Balance sheetCode20242025
Assets
Total assets20/58€84.4m€84.0m▼
Fixed assets21/28€13.8m€13.8m▼
Intangible fixed assets21€9.0m€7.1m▼
Tangible fixed assets22/27€4.3m€3.1m▼
Land and buildings22€0.04m€0.02m▼
Plant, machinery and equipment23€0.9m€0.6m▼
Furniture and vehicles24€1.2m€1.1m▼
Leasing and similar rights25€1.2m€0.5m▼
Other tangible fixed assets26€0.8m€0.8m▼
Assets under construction and advance payments27€0.1m€0.1m▲
Financial fixed assets28€0.5m€3.6m▲
Affiliated companies280/1€0.05m€3.1m▲
Participating interests280€0.05m€3.1m▲
Companies linked by participating interests282/3€0.008m€0.008m=
Participating interests282€0.008m€0.008m=
Other financial fixed assets284/8€0.5m€0.5m=
Shares284€0.09m€0.06m▼
Amounts receivable and cash guarantees285/8€0.4m€0.4m▲
Current assets29/58€70.6m€70.2m▼
Amounts receivable after more than one year29€0.01m-
Other amounts receivable291€0.01m-
Stocks and contracts in progress3€16.0m€12.0m▼
Stocks30/36€4.6m€4.2m▼
Raw materials and consumables30/31€4.3m€4.0m▼
Work in progress32€0.2m€0.2m▼
Contracts in progress37€11.4m€7.8m▼
Amounts receivable within one year40/41€52.7m€55.4m▲
Trade receivables40€46.5m€45.5m▼
Other amounts receivable41€6.3m€9.9m▲
Cash at bank and in hand54/58€1.0m€2.3m▲
Deferred charges and accrued income490/1€0.8m€0.6m▼
Equity and liabilities
Total equity and liabilities10/49€84.4m€84.0m▼
Equity10/15€26.1m€26.3m▲
Contributions10/11€1.0m€1.0m=
Capital10€1.0m€1.0m=
Issued capital100€1.0m€1.0m=
Contributions outside capital11€138€138=
Share premium1100/10€138€138=
Reserves13€25.1m€25.1m=
Non-distributable reserves130/1€0.1m€0.1m=
Legal reserve130€0.1m€0.1m=
Tax-exempt reserves132€17.7m€17.7m=
Distributable reserves133€7.3m€7.3m=
Profit (loss) carried forward14-€0.2m
Provisions and deferred taxes16€2.6m€0.6m▼
Provisions for liabilities and charges160/5€2.6m€0.6m▼
Other liabilities and charges164/5€2.6m€0.6m▼
Amounts payable17/49€55.6m€57.1m▲
Amounts payable after more than one year17€1.6m€4.7m▲
Financial debts170/4€1.6m€4.7m▲
Leasing and similar obligations172€0.4m€0.4m▼
Credit institutions173€1.2m€4.3m▲
Amounts payable within one year42/48€52.2m€50.6m▼
Current portion of amounts payable after more than one year42€1.4m€0.8m▼
Financial debts43€16.1m€8.7m▼
Credit institutions430/8€16.1m€8.7m▼
Trade debts44€23.1m€26.2m▲
Suppliers440/4€23.1m€26.2m▲
Advances received on contracts in progress46€3.7m€10.3m▲
Taxes, remuneration and social security45€5.6m€4.5m▼
Taxes450/3€1.1m€0.5m▼
Remuneration and social security454/9€4.5m€3.9m▼
Other amounts payable47/48€2.3m€0.2m▼
Accrued charges and deferred income492/3€1.8m€1.9m▲
Income statementCode20242025
Operating income70/76A€147.9m€161.0m▲
Turnover70€143.2m€158.7m▲
Change in stocks of work in progress, finished goods and contracts in progress71€0.09m-€3.6m▼
Own construction capitalised72-€0.06m
Other operating income74€4.7m€5.9m▲
Non-recurring operating income76A-€0.06m
Operating charges60/66A€148.8m€159.4m▲
Goods for resale, raw materials and consumables60€85.8m€97.9m▲
Purchases600/8€84.7m€97.6m▲
Change in stocks: decrease (increase)609€1.1m€0.3m▼
Services and other goods61€17.3m€18.1m▲
Remuneration, social security and pensions62€40.0m€40.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.1m€3.4m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.06m€0.6m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€1.6m-€2.0m▼
Other operating charges640/8€0.1m€0.4m▲
Non-recurring operating charges66A€0.9m€0.5m▼
Operating profit (loss)9901-€0.9m€1.6m▲
Financial income75/76B€1.2m€0.1m▼
Recurring financial income75€0.2m€0.1m▼
Income from current assets751€0.1m€0.01m▼
Other financial income752/9€0.06m€0.1m▲
Non-recurring financial income76B€1.0m-
Financial charges65/66B€1.2m€0.9m▼
Recurring financial charges65€1.2m€0.9m▼
Debt charges650€1.0m€0.6m▼
Other financial charges652/9€0.2m€0.2m▲
Non-recurring financial charges66B-€0.02m
Profit (loss) for the period before taxes9903-€0.9m€0.9m▲
Transfer from deferred taxes780€0.008m-
Income taxes67/77€0.3m€0.7m▲
Taxes670/3€0.3m€0.7m▲
Profit (loss) for the period9904-€1.2m€0.2m▲
Profit (loss) for the period to be appropriated9905-€1.2m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.9m€0.2m▲
Profit (loss) brought forward from the previous period14P€0.3m-
Transfer from equity791/2€0.9m-
From reserves792€0.9m-
Social balance sheet
Average headcount (FTE)9087554.7522.5▼
The notes to these accounts (101 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
-
€80.4m
€84.2m
€113.1m
€147.9m
€161.0m
▲ 8.9%
Turnover70
€93.4m
€102.5m
€70.3m
€77.1m
€79.1m
€105.4m
€143.2m
€158.7m
▲ 10.8%
Change in stocks of work in progress, finished goods and contracts in progress71
-
-
-
€0.1m
€1.6m
€3.1m
€0.09m
-€3.6m
-
Own construction capitalised72
-
-
-
€0.3m
€0.2m
-
-
€0.06m
-
Other operating income74
-
-
-
€2.8m
€3.4m
€4.4m
€4.7m
€5.9m
▲ 26.0%
Non-recurring operating income76A
-
-
-
-
-
€0.2m
-
€0.06m
-
Operating charges60/66A
-
-
-
€77.9m
€81.5m
€109.3m
€148.8m
€159.4m
▲ 7.1%
Goods for resale, raw materials and consumables60
-
-
-
€46.6m
€47.7m
€66.8m
€85.8m
€97.9m
▲ 14.1%
Purchases600/8
-
-
-
€47.0m
€49.0m
€67.7m
€84.7m
€97.6m
▲ 15.2%
Change in stocks: decrease (increase)609
-
-
-
-€0.4m
-€1.3m
-€0.9m
€1.1m
€0.3m
▼ 70.9%
Services and other goods61
-
-
-
€8.3m
€9.7m
€12.2m
€17.3m
€18.1m
▲ 4.4%
Remuneration, social security and pensions62
-
-
-
€22.3m
€22.8m
€28.7m
€40.0m
€40.5m
▲ 1.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€0.9m
€1.0m
€0.8m
€0.7m
€1.1m
€1.2m
€3.1m
€3.4m
▲ 9.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
-
-€0.03m
-
-€0.06m
€0.6m
-
Provisions for liabilities and charges: additions (uses and reversals)635/8
-
-
-
-€0.08m
-€0.004m
€0.2m
€1.6m
-€2.0m
-
Other operating charges640/8
-
-
-
€0.06m
€0.1m
€0.2m
€0.1m
€0.4m
▲ 175%
Non-recurring operating charges66A
-
-
-
€0.01m
€0.05m
€0.002m
€0.9m
€0.5m
▼ 43.7%
Operating profit (loss)9901
€3.5m
€2.4m
€2.6m
€2.5m
€2.7m
€3.7m
-€0.9m
€1.6m
-
Financial income75/76B
-
-
-
€0.2m
€0.05m
€0.05m
€1.2m
€0.1m
▼ 90.1%
Recurring financial income75
€0.2m
€0.2m
€0.2m
€0.2m
€0.05m
€0.05m
€0.2m
€0.1m
▼ 38.9%
Income from financial fixed assets750
-
-
-
€0.1m
-
-
-
-
-
Income from current assets751
-
-
-
€0.009m
€0.005m
€0.007m
€0.1m
€0.01m
▼ 89.8%
Other financial income752/9
-
-
-
€0.08m
€0.05m
€0.04m
€0.06m
€0.1m
▲ 63.8%
Non-recurring financial income76B
-
-
-
-
-
-
€1.0m
-
-
Financial charges65/66B
-
-
-
€1.2m
€0.2m
€0.7m
€1.2m
€0.9m
▼ 27.6%
Recurring financial charges65
€0.1m
€0.1m
€0.1m
€0.2m
€0.2m
€0.7m
€1.2m
€0.9m
▼ 28.8%
Debt charges650
€0.06m
€0.07m
€0.06m
€0.09m
€0.1m
€0.5m
€1.0m
€0.6m
▼ 36.3%
Other financial charges652/9
-
-
-
€0.1m
€0.1m
€0.2m
€0.2m
€0.2m
▲ 10.9%
Non-recurring financial charges66B
-
-
-
€1.0m
-
-
-
€0.02m
-
Profit (loss) for the period before taxes9903
€3.6m
€2.4m
€2.7m
€1.5m
€2.5m
€3.1m
-€0.9m
€0.9m
-
Transfer from deferred taxes780
-
-
-
-
-
-
€0.008m
-
-
Income taxes67/77
€1.1m
€0.8m
€0.8m
€0.6m
€0.7m
€1.1m
€0.3m
€0.7m
▲ 124%
Taxes670/3
-
-
-
€0.6m
€0.7m
€1.1m
€0.3m
€0.7m
▲ 124%
Profit (loss) for the period9904
€2.4m
€1.7m
€1.9m
€0.9m
€1.8m
€2.0m
-€1.2m
€0.2m
-
Profit (loss) for the period to be appropriated9905
€2.1m
€2.3m
€1.9m
€0.9m
€1.8m
€2.0m
-€1.2m
€0.2m
-
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€62.3m
€65.4m
€60.2m
€64.4m
€70.3m
€71.5m
€84.4m
€84.0m
▼ 0.4%
Fixed assets21/28
€10.5m
€11.0m
€11.2m
€10.9m
€12.9m
€11.7m
€13.8m
€13.8m
▼ 0.2%
Intangible fixed assets21
€0.02m
€0.01m
€0.01m
€0.003m
€1.8m
€1.8m
€9.0m
€7.1m
▼ 21.1%
Tangible fixed assets22/27
€2.5m
€2.8m
€2.9m
€3.8m
€2.4m
€2.6m
€4.3m
€3.1m
▼ 27.8%
Land and buildings22
-
-
-
€0.004m
€0.003m
€0.001m
€0.04m
€0.02m
▼ 42.3%
Plant, machinery and equipment23
-
-
-
€0.4m
€0.5m
€0.8m
€0.9m
€0.6m
▼ 34.5%
Furniture and vehicles24
-
-
-
€1.2m
€1.2m
€1.2m
€1.2m
€1.1m
▼ 10.4%
Leasing and similar rights25
-
-
-
-
-
-
€1.2m
€0.5m
▼ 60.3%
Other tangible fixed assets26
-
-
-
€0.5m
€0.6m
€0.5m
€0.8m
€0.8m
▼ 5.3%
Assets under construction and advance payments27
-
-
-
€1.6m
-
-
€0.1m
€0.1m
▲ 24.5%
Financial fixed assets28
€8.0m
€8.2m
€8.2m
€7.2m
€8.7m
€7.3m
€0.5m
€3.6m
▲ 599%
Affiliated companies280/1
-
-
-
€6.7m
€8.2m
€6.8m
€0.05m
€3.1m
▲ 68×
Participating interests280
-
-
-
€6.7m
€8.2m
€6.8m
€0.05m
€3.1m
▲ 68×
Companies linked by participating interests282/3
-
-
-
€0.02m
€0.02m
€0.02m
€0.008m
€0.008m
=
Participating interests282
-
-
-
€0.02m
€0.02m
€0.02m
€0.008m
€0.008m
=
Other financial fixed assets284/8
-
-
-
€0.4m
€0.5m
€0.5m
€0.5m
€0.5m
=
Shares284
-
-
-
€0.05m
€0.05m
€0.05m
€0.09m
€0.06m
▼ 26.7%
Amounts receivable and cash guarantees285/8
-
-
-
€0.4m
€0.5m
€0.5m
€0.4m
€0.4m
▲ 6.2%
Current assets29/58
€51.8m
€54.4m
€49.0m
€53.4m
€57.4m
€59.8m
€70.6m
€70.2m
▼ 0.4%
Amounts receivable after more than one year29
-
-
-
-
-
-
€0.01m
-
-
Other amounts receivable291
-
-
-
-
-
-
€0.01m
-
-
Stocks and contracts in progress3
€1.7m
€1.5m
€1.3m
€6.1m
€8.8m
€12.9m
€16.0m
€12.0m
▼ 24.8%
Stocks30/36
-
-
-
€1.8m
€3.5m
€4.1m
€4.6m
€4.2m
▼ 8.5%
Raw materials and consumables30/31
-
-
-
€1.7m
€2.9m
€3.9m
€4.3m
€4.0m
▼ 7.6%
Work in progress32
-
-
-
-
€0.5m
€0.2m
€0.2m
€0.2m
▼ 25.5%
Advance payments36
-
-
-
€0.1m
-
-
-
-
-
Contracts in progress37
-
-
-
€4.3m
€5.3m
€8.8m
€11.4m
€7.8m
▼ 31.3%
Amounts receivable within one year40/41
€40.5m
€44.2m
€40.3m
€44.8m
€45.4m
€45.0m
€52.7m
€55.4m
▲ 5.0%
Trade receivables40
-
-
-
€30.5m
€31.1m
€32.7m
€46.5m
€45.5m
▼ 2.1%
Other amounts receivable41
-
-
-
€14.3m
€14.3m
€12.3m
€6.3m
€9.9m
▲ 58.0%
Current investments50/53
€0.001m
€175
€175
€175
-
-
-
-
-
Other investments51/53
-
-
-
€175
-
-
-
-
-
Cash at bank and in hand54/58
€4.5m
€3.6m
€3.2m
€2.5m
€2.5m
€1.0m
€1.0m
€2.3m
▲ 135%
Deferred charges and accrued income490/1
-
-
-
€0.02m
€0.7m
€0.9m
€0.8m
€0.6m
▼ 33.0%
Equity and liabilities
Total equity and liabilities10/49
€62.3m
€65.4m
€60.2m
€64.4m
€70.3m
€71.5m
€84.4m
€84.0m
▼ 0.4%
Equity10/15
€26.9m
€27.0m
€27.0m
€27.0m
€27.0m
€27.3m
€26.1m
€26.3m
▲ 0.6%
Contributions10/11
€1.0m
€1.0m
€1.0m
€1.0m
€1.0m
€1.0m
€1.0m
€1.0m
=
Capital10
-
-
-
€1.0m
€1.0m
€1.0m
€1.0m
€1.0m
=
Issued capital100
-
-
-
€1.0m
€1.0m
€1.0m
€1.0m
€1.0m
=
Contributions outside capital11
-
-
-
€138
€138
€138
€138
€138
=
Share premium1100/10
-
-
-
€138
€138
€138
€138
€138
=
Reserves13
€25.9m
€26.0m
€26.0m
€26.0m
€26.0m
€26.0m
€25.1m
€25.1m
=
Non-distributable reserves130/1
-
-
-
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
=
Legal reserve130
-
-
-
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
=
Tax-exempt reserves132
-
-
-
€17.7m
€17.7m
€17.7m
€17.7m
€17.7m
=
Distributable reserves133
-
-
-
€8.2m
€8.2m
€8.2m
€7.3m
€7.3m
=
Profit (loss) carried forward14
€0.009m
€0.009m
€0.009m
€0.009m
€0.009m
€0.3m
-
€0.2m
-
Provisions and deferred taxes16
€0.8m
€0.9m
€0.8m
€0.7m
€0.7m
€0.9m
€2.6m
€0.6m
▼ 77.4%
Provisions for liabilities and charges160/5
-
-
-
€0.7m
€0.7m
€0.9m
€2.6m
€0.6m
▼ 77.4%
Other liabilities and charges164/5
-
-
-
€0.7m
€0.7m
€0.9m
€2.6m
€0.6m
▼ 77.4%
Amounts payable17/49
€34.6m
€37.5m
€32.4m
€36.7m
€42.6m
€43.2m
€55.6m
€57.1m
▲ 2.7%
Amounts payable after more than one year17
€3.7m
€2.7m
€2.2m
€1.6m
€0.8m
€0.4m
€1.6m
€4.7m
▲ 185%
Financial debts170/4
-
-
-
€1.6m
€0.8m
€0.4m
€1.6m
€4.7m
▲ 185%
Leasing and similar obligations172
-
-
-
-
-
-
€0.4m
€0.4m
▼ 19.3%
Credit institutions173
-
-
-
€1.6m
€0.8m
€0.4m
€1.2m
€4.3m
▲ 259%
Amounts payable within one year42/48
€30.1m
€34.1m
€28.4m
€33.7m
€40.8m
€41.7m
€52.2m
€50.6m
▼ 3.2%
Current portion of amounts payable after more than one year42
-
-
-
€0.8m
€0.8m
€0.7m
€1.4m
€0.8m
▼ 43.9%
Financial debts43
-
-
-
€5.2m
€8.8m
€7.9m
€16.1m
€8.7m
▼ 46.2%
Credit institutions430/8
-
-
-
€5.2m
€8.8m
€7.9m
€16.1m
€8.7m
▼ 46.2%
Trade debts44
€17.5m
€18.1m
€16.9m
€18.4m
€20.3m
€19.7m
€23.1m
€26.2m
▲ 13.2%
Suppliers440/4
-
-
-
€18.4m
€20.3m
€19.7m
€23.1m
€26.2m
▲ 13.2%
Advances received on contracts in progress46
-
-
-
€3.7m
€3.9m
€3.6m
€3.7m
€10.3m
▲ 176%
Taxes, remuneration and social security45
-
-
-
€3.6m
€4.2m
€5.5m
€5.6m
€4.5m
▼ 20.8%
Taxes450/3
-
-
-
€1.0m
€1.3m
€1.4m
€1.1m
€0.5m
▼ 54.2%
Remuneration and social security454/9
-
-
-
€2.6m
€2.9m
€4.0m
€4.5m
€3.9m
▼ 12.4%
Other amounts payable47/48
-
-
-
€1.9m
€2.8m
€4.4m
€2.3m
€0.2m
▼ 90.0%
Accrued charges and deferred income492/3
-
-
-
€1.4m
€1.0m
€1.0m
€1.8m
€1.9m
▲ 7.2%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€2.4m
€1.7m
€1.9m
€0.9m
€1.8m
€2.0m
-€1.2m
€0.2m
-
+ Depreciation and write-downs630
€0.9m
€1.0m
€0.8m
€0.7m
€1.1m
€1.2m
€3.1m
€3.4m
▲ 9.5%
Operating cash flow (approximation)
€3.3m
€2.6m
€2.8m
€1.7m
€2.9m
€3.2m
€1.9m
€3.6m
▲ 87.3%
Investment in fixed assets (approximation)
-
-€1.5m
-€1.0m
-€0.5m
-€3.1m
€0.04m
-€5.2m
-€3.4m
▲ 35.8%
Change in cash
-
-€0.9m
-€0.4m
-€0.7m
€0.01m
-€1.6m
-€0.002m
€1.3m
-
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of the 22,640 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,554. 171 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
Flemish government
Subsidies and aid from the Flemish government to this company. Public aid says something about projects and the obligations that come with it.
buyer: Universitaire Medisch Centrum Sint-PieterRepair and maintenance servicesawarded 30-10-2024€434,1931 tenderTED 605-2025
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
Not every act has been read: a resignation may still be missing
20 of this company's 28 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.
Owners and capital
Owners
Owners
Who owns the company, as the companies file it in their annual accounts, with the chain of control up to the highest known parent.
According to the 2025 annual accounts of EEG and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
Capital and shareholders
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
Capital over the years
16-08-2023Capital stated in the deed · €1,028,218.51 · 3,002 shares
According to the 2025 annual accounts of EEG and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
14 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, zoom with the mouse wheel.
BE 0405.126.438operation treated as a merger by absorption · Gazette deed of 16-08-2023 (4 acts)
History
History
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 4 February 1991, EEG was incorporated.16 companies were merged into the company between 2023 and 2024, including DE KOCK and HEYER BENELUX.23The company has filed 34 sets of annual accounts, the latest for financial year 2025.4
Next filing, financial year 2026, expected by
31-07-2027
2026
01-09
NBB filingAnnual accounts filed
financial year 2025 · full format · 32 days late
2025
31-12
FinancialBack to profitnet €158,286
Net result €158,286 after one loss-making year.
17-10
Gazette deedReappointment: Karl Neyrinck (director)
3 facts ▸
Director reappointment, Karl Neyrinck (director)
Other provision, “copy for gazette annexes after deposit”, 25132645 (deed in Dutch)
Other provision, “signatory caption, Mededelingen” (deed in Dutch)
29-08
NBB filingAnnual accounts filed
financial year 2024 · full format · 29 days late
08-01
Gazette deedResignations & appointments
Power of attorney8 facts ▸
Board meeting, 05-12-2024
Other provision, “alle in het verleden toegekende en eerder in het Belgisch Staatsblad gepubliceerde volmachten, herroeping bestaande bijzondere volmachten” (deed in Dutch)
Power of attorney, Maarten NUYTTEN
Power of attorney, Didier VANDEN BROUCKE
Power of attorney, Griet DELPORTE
Power of attorney, Jan REYNTJENS
Power of attorney, Nathalie GISTELINCK
Other provision, “signature identification field, instrumenting notary or authorised representative” (deed in Dutch)
2024
31-12
FinancialWeakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series; recovery starts the following year.
30-09
NBB filingAnnual accounts filed
financial year 2023 · full format · 61 days late
19-09
Gazette deedCapital & shares · Restructuring
Merger · Dissolution · Shareholding10 facts ▸
General meeting, 30-07-2024 (5 times)
Other provision, “kennisname en bespreking fusievoorstel” (deed in Dutch)
Merger, “met fusie door overneming gelijkgestelde verrichting (geruisloze fusie), overnemende vennootschap is houdster van alle aandelen van de overgenomen vennootschapp…” (deed in Dutch) (4 times)
Dissolution, merger, “fusie met de naamloze vennootschap EEG” (deed in Dutch) (4 times)
Shareholding (4 times)
Other provision, “geen uitgifte van nieuwe aandelen, overnemende vennootschap is houdster van alle aandelen van de overgenomen vennootschappen” (deed in Dutch)
Share cancellation, “bestuursorgaan van de overnemende vennootschap, intrekking en vernietiging” (deed in Dutch) (4 times)
Accounting effect, 01-01-2024
Other provision, “vaststelling beëindiging mandaat van en kwijting aan de bestuurders van de overgenomen vennootschappen” (deed in Dutch)
Merger, “gehele vermogen, omvattende zowel de rechten als de verplichtingen, fusie door overneming” (deed in Dutch) (4 times)
Shareholding (4 times)
Accounting effect, 01-01-2024
Other provision, “houders van andere effecten dan aandelen” (deed in Dutch)
Other provision, “aandeelhouders met bijzondere rechten” (deed in Dutch)
Other provision, “bijzondere voordelen aan leden van bestuursorganen van te fuseren vennootschappen” (deed in Dutch)
Real estate, “Vlaams Gewest” (deed in Dutch) (3 times)
Real estate, “perceel grond met daarop opgerichte gebouwen gelegen in het "Parc Industriel de Namur-Sud-Naninne", rue des Gerboises 6 te 5100 Naninne (Namen), alle rechten en…” (deed in Dutch)
2023
16-08
Gazette deedAmendment of the articles · Resignations & appointments · Restructuring
Resignation: NEYRINCK Freddy Etienne Marcel Victor (director) · Registered office clause · Director discharge17 facts ▸
Registered office clause, “8560 Wevelgem(Gullegem),Oostlaan 5” (deed in Dutch)
Director resignation, NEYRINCK Freddy Etienne Marcel Victor (director)
Director discharge, NEYRINCK Freddy Etienne Marcel Victor
Power of attorney
General meeting, 18-07-2023
Other provision, “EERSTE BESLUIT - kennisname en bespreking fusievoorstel, algemene vergaderingen overnemende en over te nemen vennootschappen” (deed in Dutch)
Merger, “met fusie door overneming gelijkgestelde verrichting, geruisloze fusie” (deed in Dutch) (2 times)
Shareholding (2 times)
Other provision, “geen nieuwe aandelen bij fusie, inbreng” (deed in Dutch)
Share cancellation, “intrekking en vernietiging, artikel 3:77 §4 KB 2019-04-29” (deed in Dutch) (2 times)
Accounting effect, 01-01-2023
Other provision, “jaarrekening per 2022-12-31, B - vaststelling eigendomsovergang vermogen overgenomen vennootschappen” (deed in Dutch)
Merger, “fusie door overneming, gehele vermogen,zowel rechten als verplichtingen” (deed in Dutch) (2 times)
Shareholding (2 times)
Accounting effect, 01-01-2023
Other provision, “houders van andere effecten dan aandelen” (deed in Dutch)
Other provision, “aandeelhouders met bijzondere rechten” (deed in Dutch)
Other provision, “bijzondere voordelen aan leden van bestuursorganen” (deed in Dutch)
Other provision, “eigendom of zakelijk recht op onroerend goed door over te nemen vennootschappen, bepalingen Bodemdecreet geen toepassing” (deed in Dutch)
Permanent representatives: Didier Vanden Broucke, Stefan Goethals and 2 others · Resignations: Maarten Nuytten (director) and Karl Neyrinck (chair of the board) · Power of attorney18 facts ▸
General meeting, 25-01-2023
Director appointment, Sunim Comm. V. (director)
Director appointment, Mustang Consulting BV (director)
Director appointment, JDF Consult VOF (director)
Director appointment, EEG Group BV (director)
Permanent representative, Didier Vanden Broucke
Permanent representative, Stefan Goethals
Permanent representative, Jan De Schepper (2 times)
Permanent representative, Griet Delporte
Director resignation, Maarten Nuytten (director)
Board meeting, 25-01-2023
Director appointment, JDS Consult VOF (chair of the board)
+6 further facts in this act
2022
28-11
NBB filingAnnual accounts filed
financial year 2021 · full format · 120 days late
31-10
Gazette deedResignation: Baneco (director)
Permanent representative: Bart Neyrinck3 facts ▸
General meeting, 03-09-2022
Director resignation, Baneco (director)
Permanent representative, Bart Neyrinck
2021
09-09
NBB filingAnnual accounts filed
financial year 2020 · full format · 40 days late
2020
17-07
NBB filingAnnual accounts filed
financial year 2019 · full format
2019
31-07
NBB filingAnnual accounts filed
financial year 2018 · full format
2018
20-07
NBB filingAnnual accounts filed
financial year 2017 · full format
2017
14-07
NBB filingAnnual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 34 annual accounts filed, the latest 10 are here; all 34 are under Financials.
8 of 28 deeds read
About the unread acts
Of the 28 Belgian Official Gazette deeds we know for this company, 8 have been read. The other 20 have not been read yet: what they contain is neither established nor disproved here.
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation
If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number
0442.891.013
Recognitions · licences · registrations
Recognised contractor
Recognised contractor
The company is recognised to carry out public contracts, a good sign of reliability in construction. For each category the class sets the highest amount, excluding VAT, of one contract; class 8 has no upper limit.
8 categories
EEG NVapproval no. 04476
D16Sanitary installations and gas heating with individual appliancesclass 8, no upper limit
D17Central heating, thermal installationsclass 8, no upper limit
D18Ventilation, warm-air heating and air conditioningclass 8, no upper limit
P1Electrical installations in buildings, with fire and burglar alarms and telecomsclass 8, no upper limit
P2Electrical and electromechanical installations of structures and industry, outdoor installationsclass 6, up to €3,870,000
P3Overhead power linesclass 6, up to €3,870,000
S1Public telephone and telegraph equipmentclass 6, up to €3,870,000
T3Refrigeration equipmentclass 1, up to €162,000
decision 08-07-2024
Dual-learning approval
12 live approvals · 16 ended
Datacommunicatie- en netwerkinstallaties duaal 1 (so)
Monteur sanitaire en verwarmingsinstallaties duaal (so)
approved · 2024 to 2029
Sanitaire en verwarmingsinstallaties duaal (so)
approved · 2024 to 2029
Technicus installatietechnieken (vwo)
approved · 2024 to 2029
Technicus installatietechnieken duaal (so)
approved · 2024 to 2029
Vakman installatietechnieken (vwo)
approved · 2024 to 2029
Show 16 ended approvals
Elektrotechnieken duaal (so)
ended · 2020 to 2025
Industrieel elektrotechnisch installateur (so)
discontinued · 2022 to 2025
Monteur centrale verwarming (so)
discontinued · 2024 to 2025
Residentieel elektrotechnisch installateur (so)
discontinued · 2021 to 2025
Sanitair installateur (so)
discontinued · 2024 to 2025
Elektrotechnicus (vwo)
ended · 2019 to 2024
Elektrotechnicus duaal (so)
ended · 2019 to 2024
Monteur centrale verwarming (so)
ended · 2019 to 2024
Monteur sanitaire en verwarmingsinstallaties duaal (so)
ended · 2019 to 2024
Sanitair installateur (so)
ended · 2019 to 2024
Administratief medewerker (so)
ended · 2018 to 2023
Polyvalent administratief ondersteuner (vwo)
ended · 2018 to 2023
Polyvalent administratief ondersteuner duaal (so)
ended · 2018 to 2023
Elektrische installaties duaal (so)
ended · 2017 to 2022
Elektrotechnisch installateur (vwo)
ended · 2017 to 2022
Residentieel elektrotechnisch installateur (so)
ended · 2016 to 2021
Licences in the Official Gazette
Licences in the Official Gazette
Licences and approvals a public authority granted, renewed, suspended or withdrew, as the Belgian Official Gazette published them: security, care, waste, driving schools and more. Each line links to the publication.
1 publication
Security firm approval (camera systems)
Granted · decision 26-11-2020 · published on 14-10-2021 · Official Gazette
Legal Entity Identifier
Legal Entity Identifier
An international code the company uses to identify itself on financial markets. Needed by anyone trading securities.
967600BYXNDCBYU7TF69
no longer live in the LEI register
Environmental permits
2 applications in Flanders since 2021 · 2 granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie
Granted on 09-12-2024submitted 23-09-2024authority: Gavereproject 2024123564
Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning)
Granted on 11-10-2021submitted 29-06-2021authority: Sint-Martens-Latemproject 2021111046
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Board ruleHow the board is made up, meets and takes decisions.
“Bij ontstentenis benoeming of afwezigheid waarneming door aangeduide aanwezige bestuurder door raad, voor zover raad van bestuur bestaat” (deed in Dutch)
“Ten minste helft leden die volgens wet mogen deelnemen aanwezig of vertegenwoordigd, teleconferentie of videoconferentie met simultaan horen…” (deed in Dutch)
“Een of meer adviserende comités in midden onder aansprakelijkheid met samenstelling en opdracht, volgens wettelijke bepalingen” (deed in Dutch)
Other provisionsOther rules from the articles that fall under none of the themes above.
Other provision: “Niet verder dan dagelijks leven of minder belang of spoed die tussenkomst bestuursorgaan niet rechtvaardigt, dagelijks bestuur en…” (deed in Dutch)
Other provision: “Toelating algemene vergadering en aanwezigheidslijst, door iedere aandeelhouder of gemachtigde voor deelname” (deed in Dutch)