EKWALIM
ActiveSummary
EKWALIM has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €24k and a net result of €-1k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 85% of 15865 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▲+27
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 6.14 against 5.89 in 2023; short-term debt: 16.3% and cash: 35.7% of total assets), and 16.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
83.7%
Return on assets
-4%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-1k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
42 d early
2022
38 d early
2021
23 d early
2020
10 d late
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€24k▼ 4.6%
2023 · €26k
2018: €27k
2019: €36k▲ +34.0% vs 2018
2020: €52k▲ +43.3% vs 2019highest in 7 years
2021: €39k▼ -25.2% vs 2020
2022: €36k▼ -6.7% vs 2021
2023: €26k▼ -29.6% vs 2022
2024: €24k▼ -4.6% vs 2023lowest in 7 years
2018 → 2024
Total assets
€29k▼ 5.4%
2023 · €31k
2018: €38k
2019: €57k▲ +50.9% vs 2018
2020: €154k▲ +169% vs 2019highest in 7 years
2021: €81k▼ -47.3% vs 2020
2022: €42k▼ -48.6% vs 2021
2023: €31k▼ -26.5% vs 2022
2024: €29k▼ -5.4% vs 2023lowest in 7 years
2018 → 2024
Net result
€-1k▲ 89.1%
2023 · €-11k
2018: €8k
2019: €9k▲ +9.1% vs 2018
2020: €16k▲ +70.8% vs 2019highest in 7 years
2021: €11k▼ -30.9% vs 2020
2022: €-3k▼ -124% vs 2021
2023: €-11k▼ -314% vs 2022lowest in 7 years
2024: €-1k▲ +89.1% vs 2023
2018 → 2024
Working capital
€24k▼ 4.6%
2023 · €26k
2018: €27k
2019: €36k▲ +34.0% vs 2018
2020: €52k▲ +43.3% vs 2019highest in 7 years
2021: €39k▼ -25.2% vs 2020
2022: €36k▼ -6.7% vs 2021
2023: €26k▼ -29.6% vs 2022
2024: €24k▼ -4.6% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€52k-€39k▼ 25.2%€36k▼ 6.7%€26k▼ 29.6%€24k▼ 4.6%
2020: €52khighest in 5 years
2021: €39k▼ -25.2% vs 2020
2022: €36k▼ -6.7% vs 2021
2023: €26k▼ -29.6% vs 2022
2024: €24k▼ -4.6% vs 2023lowest in 5 years
Operating result€19k-€16k▼ 16.2%€-2k€-9k▼ 302%€-860▲ 89.9%
2020: €19khighest in 5 years
2021: €16k▼ -16.2% vs 2020
2022: €-2k▼ -113% vs 2021
2023: €-9k▼ -302% vs 2022lowest in 5 years
2024: €-860▲ +89.9% vs 2023
Net result€16k-€11k▼ 30.9%€-3k€-11k▼ 314%€-1k▲ 89.1%
2020: €16khighest in 5 years
2021: €11k▼ -30.9% vs 2020
2022: €-3k▼ -124% vs 2021
2023: €-11k▼ -314% vs 2022lowest in 5 years
2024: €-1k▲ +89.1% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €860 in 2024 against €9k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €29k
Equity
€24k ▼ 4.6%
Debt
€5k ▼ 9.2%
Debt's share of the balance-sheet total falls from 17.0% to 16.3%. Equity and debt are lower.
Key figures and ratios
Current ratio
6.14▲
2023 · 5.89
Quick ratio
4.95▲
2023 · 4.81
Debt to equity
0.19▼
2023 · 0.20
ROE
-4.8%▲
2023 · -42.0%
ROA
-4.0%▲
2023 · -34.9%
Debt ≤ 1 year
€5k▼
2023 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€31k€29k▼
Current assets29/58€31k€29k▼
Stocks and contracts in progress3€6k€6k=
Stocks30/36€6k€6k=
Amounts receivable within one year40/41€22k€13k▼
Trade receivables40€13k€4k▼
Other amounts receivable41€9k€9k▼
Cash at bank and in hand54/58€4k€10k▲
Deferred charges and accrued income490/1-€300
Equity and liabilities
Total equity and liabilities10/49€31k€29k▼
Equity10/15€26k€24k▼
Contributions10/11€19k€19k=
Reserves13€10k€10k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Distributable reserves133€9k€9k=
Profit (loss) carried forward14€-3k€-4k▼
Amounts payable17/49€5k€5k▼
Amounts payable within one year42/48€5k€5k▼
Trade debts44€619€142▼
Suppliers440/4€619€142▼
Other amounts payable47/48€5k€5k=
Income statement
Code20232024
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k-
Other operating charges640/8€609€617▲
Gross operating margin9900€-3k€-243▲
Operating profit (loss)9901€-9k€-860▲
Financial charges65/66B€2k€310▼
Recurring financial charges65€2k€310▼
Profit (loss) for the period before taxes9903€-11k€-1k▲
Profit (loss) for the period9904€-11k€-1k▲
Profit (loss) for the period to be appropriated9905€-11k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-4k▼
Profit (loss) brought forward from the previous period14P€8k€-3k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5k | - | - |
| Other operating charges640/8 | - | €544 | €3k | €609 | €617 | ▲ 1.3% |
| Gross operating margin9900 | €20k | €17k | €466 | €-3k | €-243 | ▲ 91.6% |
| Operating profit (loss)9901 | €19k | €16k | €-2k | €-9k | €-860 | ▲ 89.9% |
| Financial income75/76B | - | - | €423 | - | - | - |
| Recurring financial income75 | €837 | - | €423 | - | - | - |
| Financial charges65/66B | - | €2k | €894 | €2k | €310 | ▼ 86.0% |
| Recurring financial charges65 | €557 | €2k | €894 | €2k | €310 | ▼ 86.0% |
| Profit (loss) for the period before taxes9903 | €20k | €14k | €-3k | €-11k | €-1k | ▲ 89.1% |
| Income taxes67/77 | €4k | €3k | €2 | - | - | - |
| Profit (loss) for the period9904 | €16k | €11k | €-3k | €-11k | €-1k | ▲ 89.1% |
| Profit (loss) for the period to be appropriated9905 | €16k | €11k | €-3k | €-11k | €-1k | ▲ 89.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €154k | €81k | €42k | €31k | €29k | ▼ 5.4% |
| Current assets29/58 | €154k | €81k | €42k | €31k | €29k | ▼ 5.4% |
| Stocks and contracts in progress3 | - | €18k | €11k | €6k | €6k | = |
| Stocks30/36 | - | €18k | €11k | €6k | €6k | = |
| Amounts receivable within one year40/41 | €71k | €41k | €23k | €22k | €13k | ▼ 40.9% |
| Trade receivables40 | - | €21k | €14k | €13k | €4k | ▼ 69.0% |
| Other amounts receivable41 | - | €20k | €9k | €9k | €9k | ▼ 0.4% |
| Cash at bank and in hand54/58 | €83k | €22k | €8k | €4k | €10k | ▲ 196% |
| Deferred charges and accrued income490/1 | - | - | €300 | - | €300 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €154k | €81k | €42k | €31k | €29k | ▼ 5.4% |
| Equity10/15 | €52k | €39k | €36k | €26k | €24k | ▼ 4.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €9k | €9k | €9k | €9k | = |
| Profit (loss) carried forward14 | €23k | €10k | €8k | €-3k | €-4k | ▼ 37.9% |
| Amounts payable17/49 | €102k | €43k | €6k | €5k | €5k | ▼ 9.2% |
| Amounts payable within one year42/48 | €102k | €43k | €6k | €5k | €5k | ▼ 9.2% |
| Trade debts44 | €94k | €23k | €61 | €619 | €142 | ▼ 77.1% |
| Suppliers440/4 | - | €23k | €61 | €619 | €142 | ▼ 77.1% |
| Taxes, remuneration and social security45 | - | €6k | €887 | - | - | - |
| Taxes450/3 | - | €6k | €887 | - | - | - |
| Other amounts payable47/48 | - | €14k | €5k | €5k | €5k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €11k | €-3k | €-11k | €-1k | ▲ 89.1% |
| Operating cash flow (approximation) | €16k | €11k | €-3k | €-11k | €-1k | ▲ 89.1% |
| Change in cash | - | €-61k | €-15k | €-4k | €7k | ▲ 262% |
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
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity quadruplescurrent ratio 7.54
Current ratio from 1.91 to 7.54; short-term debt falls from €43k to €6k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 10 days late
2020
31-12
Financial
Highest result since 2018net €16k ▲70.8%
Operating result €19k, net result €16k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Herstal · 1 establishment unit since 2017
Ground area
7,983 m²
Building footprint
3,933 m²
Parcel 62312B0024/00W007, Wallonia. Linked by address, not a title deed.
1 establishment unit
Prolongement de l'Abbaye 134, 4040 Herstal
since 20172.270.226.503
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62312B0024/00W007 | Wallonia | 7,982 m² | 1 · 3,933 m² | - |
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.
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Of 1,423 companies in sector 46389 we hold annual accounts for 853. 435 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 (pre-2019)
Founded28-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
10860Manufacture of food products
10890Manufacture of food products
Scores and ratios are computed by Checked and are not a credit decision.