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EH SERVICES

Active
Private limited companyfounded 2023active for 3 yearsHengelhoefstraat 166, 3600 Genk, BelgiumKBO/BCE: BE 1000.088.113
Summary

The computed 12-month bankruptcy probability of EH SERVICES is 5.5% (elevated). The 2024 annual accounts show equity of €73,969 and a net result of €63,969. Its solvency ranks better than 15% of 7,408 sector peers (NACE 43, financial year 2024). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2024, abbreviated format

2024 annual accounts filed late (71 days) Filed on 10 October 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00541662.

Turnover
≈ €290,000
Estimated: probably between €200,000 and €440,000
Total assets
€482,299
Net result
€63,969
Working capital
€106,969

Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €482,299
Equity €73,969
Debt €408,330
Debt finances 84.7% of the balance-sheet total.
Key figures and ratios
2024 value
EBITDA
€81,081
Cash flow
€65,134
Current ratio
1.28
Debt to equity
5.52
ROE
86.5%
ROA
13.3%
Interest coverage
over 100
Debt ≤ 1 year
€375,330
Income taxes
€15,964

Peer companies

Historical observation

Of the 1,602 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 96.6% are still going.

  • Small
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
2.3% went bankrupt
0.9% stopped otherwise
96.6% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 5.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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 1,602 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 accounts As filed with the NBB · 2024 · 32 lines
Balance sheet Code2024
Assets
Total assets20/58€482,299
Current assets29/58€482,299
Amounts receivable within one year40/41€480,749
Trade receivables40€477,066
Other amounts receivable41€3,683
Cash at bank and in hand54/58€1,520
Deferred charges and accrued income490/1€30
Equity and liabilities
Total equity and liabilities10/49€482,299
Equity10/15€73,969
Contributions10/11€10,000
Profit (loss) carried forward14€63,969
Amounts payable17/49€408,330
Amounts payable within one year42/48€375,330
Trade debts44€273,173
Suppliers440/4€273,173
Advances received on contracts in progress46€72,000
Taxes, remuneration and social security45€30,157
Taxes450/3€30,157
Accrued charges and deferred income492/3€33,000
Income statement Code2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,166
Other operating charges640/8€62
Gross operating margin9900€81,143
Operating profit (loss)9901€79,916
Financial income75/76B€112
Recurring financial income75€112
Financial charges65/66B€94
Recurring financial charges65€94
Profit (loss) for the period before taxes9903€79,933
Income taxes67/77€15,964
Profit (loss) for the period9904€63,969
Profit (loss) for the period to be appropriated9905€63,969
Appropriation of the result
Profit (loss) to be appropriated9906€63,969

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,166
Other operating charges640/8€62
Gross operating margin9900€81,143
Operating profit (loss)9901€79,916
Financial income75/76B€112
Recurring financial income75€112
Financial charges65/66B€94
Recurring financial charges65€94
Profit (loss) for the period before taxes9903€79,933
Income taxes67/77€15,964
Profit (loss) for the period9904€63,969
Profit (loss) for the period to be appropriated9905€63,969
Line2024
Assets
Total assets20/58€482,299
Current assets29/58€482,299
Amounts receivable within one year40/41€480,749
Trade receivables40€477,066
Other amounts receivable41€3,683
Cash at bank and in hand54/58€1,520
Deferred charges and accrued income490/1€30
Equity and liabilities
Total equity and liabilities10/49€482,299
Equity10/15€73,969
Contributions10/11€10,000
Profit (loss) carried forward14€63,969
Amounts payable17/49€408,330
Amounts payable within one year42/48€375,330
Trade debts44€273,173
Suppliers440/4€273,173
Advances received on contracts in progress46€72,000
Taxes, remuneration and social security45€30,157
Taxes450/3€30,157
Accrued charges and deferred income492/3€33,000
Line2024
Profit (loss) for the period9904€63,969
+ Depreciation and write-downs630€1,166
Operating cash flow (approximation)€65,134

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2024 abbreviated format 10-10-2025 2025-00541662

Similar companies · same sector, comparable size

Of the 22,639 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,550. 8,936 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.