EGNG
ActiveSummary
The computed 12-month bankruptcy probability of EGNG is 1.6% (moderate). The 2024 annual accounts show negative equity (-€323,397) and a net result of -€99,925. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 36 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
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Peer companies
Historical observationOf the 129 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Medium-sized
- 10 to 20 years old
- negative equity
- a small loss
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.6% 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 497,662 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% | 1.7% |
| 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 75% 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 129 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €475,189 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,000 | - | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,012 | - |
| Other operating charges640/8 | - | €101 | €1,555 | €12,098 | €21,461 | ▲ 77.4% |
| Non-recurring operating charges66A | - | €31,000 | - | - | - | - |
| Gross operating margin9900 | -€1,782 | -€5,177 | €2,875 | €85,240 | €228,455 | ▲ 168% |
| Operating profit (loss)9901 | -€16,032 | -€36,278 | €1,320 | €73,143 | €205,982 | ▲ 182% |
| Financial income75/76B | - | - | - | - | €3,336 | - |
| Recurring financial income75 | - | - | - | - | €3,336 | - |
| Financial charges65/66B | - | €194 | €8,477 | €262,354 | €309,243 | ▲ 17.9% |
| Recurring financial charges65 | €110 | €94 | €8,476 | €262,354 | €309,243 | ▲ 17.9% |
| Non-recurring financial charges66B | - | €100 | €1 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€16,141 | -€36,471 | -€7,157 | -€189,211 | -€99,925 | ▲ 47.2% |
| Profit (loss) for the period9904 | -€16,141 | -€36,471 | -€7,157 | -€189,211 | -€99,925 | ▲ 47.2% |
| Profit (loss) for the period to be appropriated9905 | -€16,141 | -€36,471 | -€7,157 | -€189,211 | -€99,925 | ▲ 47.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60,581 | €20,462 | €2.3m | €5.4m | €6.8m | ▲ 27.1% |
| Fixed assets21/28 | €56,000 | - | €2.2m | €471,102 | €1.1m | ▲ 131% |
| Tangible fixed assets22/27 | €56,000 | - | €2.2m | €471,102 | €1.1m | ▲ 130% |
| Land and buildings22 | - | - | €2.2m | €471,102 | €1.1m | ▲ 130% |
| Financial fixed assets28 | - | - | - | - | €5,000 | - |
| Current assets29/58 | €4,581 | €20,462 | €31,768 | €4.9m | €5.7m | ▲ 17.0% |
| Stocks and contracts in progress3 | - | - | - | €4.9m | €5.3m | ▲ 8.2% |
| Stocks30/36 | - | - | - | €4.9m | €5.3m | ▲ 8.2% |
| Amounts receivable within one year40/41 | €3,445 | €3,542 | €1,012 | - | €370,974 | - |
| Trade receivables40 | - | €1,012 | €1,012 | - | €244,508 | - |
| Other amounts receivable41 | - | €2,529 | - | - | €126,465 | - |
| Cash at bank and in hand54/58 | €1,135 | €16,921 | €30,756 | €31,955 | €98,726 | ▲ 209% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60,581 | €20,462 | €2.3m | €5.4m | €6.8m | ▲ 27.1% |
| Equity10/15 | €9,368 | -€27,104 | -€34,260 | -€223,472 | -€323,397 | ▼ 44.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,909 | €6,909 | €6,909 | €6,909 | €6,909 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | €5,049 | €5,049 | €5,049 | €6,909 | ▲ 36.8% |
| Profit (loss) carried forward14 | -€16,141 | -€52,613 | -€59,769 | -€248,980 | -€348,906 | ▼ 40.1% |
| Amounts payable17/49 | €51,213 | €47,566 | €2.3m | €5.6m | €7.2m | ▲ 27.8% |
| Amounts payable after more than one year17 | - | - | - | €2.8m | €2.5m | ▼ 9.9% |
| Financial debts170/4 | - | - | - | €2.8m | €2.5m | ▼ 9.9% |
| Amounts payable within one year42/48 | €51,213 | €47,566 | €2.3m | €2.7m | €4.5m | ▲ 69.6% |
| Financial debts43 | - | - | €1.7m | €1.1m | €340,000 | ▼ 69.1% |
| Credit institutions430/8 | - | - | €1.7m | €1.1m | €340,000 | ▼ 69.1% |
| Trade debts44 | - | €1,535 | €21,772 | €99,821 | €556,436 | ▲ 457% |
| Suppliers440/4 | - | €1,535 | €21,772 | €99,821 | €556,436 | ▲ 457% |
| Taxes, remuneration and social security45 | - | - | €3,360 | €2,501 | €10,800 | ▲ 332% |
| Taxes450/3 | - | - | €3,360 | €2,501 | €10,800 | ▲ 332% |
| Other amounts payable47/48 | - | €46,031 | €548,255 | €1.5m | €3.6m | ▲ 147% |
| Accrued charges and deferred income492/3 | - | - | - | €133,024 | €112,259 | ▼ 15.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,141 | -€36,471 | -€7,157 | -€189,211 | -€99,925 | ▲ 47.2% |
| + Depreciation and write-downs630 | €14,000 | - | - | - | - | - |
| Operating cash flow (approximation) | -€2,141 | -€36,471 | -€7,157 | -€189,211 | -€99,925 | ▲ 47.2% |
| Investment in fixed assets (approximation) | - | - | - | €1.8m | -€618,733 | ▼ 135% |
| Change in cash | - | €15,785 | €13,835 | €1,199 | €66,771 | ▲ 5,468% |
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 6 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. |
|---|---|---|---|---|
| 11004A0049/00A004 | Flanders | 889 m² | 1 · 159 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.