ELECTRICITEITSWERKEN E.W.A.
ActiveSummary
The computed 12-month bankruptcy probability of ELECTRICITEITSWERKEN E.W.A. is 1.5% (moderate). The 2024 annual accounts show negative equity (€-32k) and a net result of €-3k. Equity is shrinking by ~28.8% per year across the filed fiscal years. Its solvency ranks better than 5% of 36375 sector peers (fiscal year 2024). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
24
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability13▲+13
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.5 against 0.67 in 2023; short-term debt: 182.6% and cash: 1% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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
-82.6%
Return on assets
-7.8%
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-32k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
68 d late
2022
60 d late
2021
60 d late
2020
61 d late
2019
66 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€174k
EBIT margin
9.0%
Net result
€-3k▲ 79.8%
2023 · €-15k
2018: €7k
2019: €31k
2020: €-13k
2021: €-27k
2022: €15k
2023: €-15k
2018 → 2024
Working capital
€-35k▼ 15.1%
2023 · €-30k
2018: €42k
2019: €61k
2020: €21k
2021: €-11k
2022: €-5k
2023: €-30k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-2k-€-29k▼ 1,302%€-14k▲ 51.2%€-29k▼ 105%€-32k▼ 10.4%
Operating result€2k-€-12k€22k€-10k€2k
Net result€-13k-€-27k▼ 112%€15k€-15k€-3k▲ 79.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €2k after a loss of €10k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€3k ▼ 14.4%
Current assets
€35k ▼ 41.5%
Key figures and ratios
EBITDA
€3k▲
2023 · €-8k
Cash flow
€-2k▲
2023 · €-13k
Solvency
-82.6%▼
2023 · -44.9%
Current ratio
0.50▼
2023 · 0.67
Quick ratio
0.25▼
2023 · 0.41
Debt to equity
-2.21▲
2023 · -3.23
ROA
-7.8%▲
2023 · -23.0%
Interest coverage
0.45▲
2023 · -1.54
Debt
€70k▼
2023 · €93k
Debt ≤ 1 year
€70k▼
2023 · €91k
Income taxes
€233▼
2023 · €245
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 · 48 lines
Balance sheet
Code20232024
Assets
Total assets20/58€64k€39k▼
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Land and buildings22€4k€3k▼
Current assets29/58€60k€35k▼
Stocks and contracts in progress3€23k€18k▼
Stocks30/36€23k€18k▼
Amounts receivable within one year40/41€36k€15k▼
Trade receivables40€36k€12k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€756€391▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€64k€39k▼
Equity10/15€-29k€-32k▼
Contributions10/11€19k€19k=
Reserves13€43k€43k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-91k€-94k▼
Amounts payable17/49€93k€70k▼
Amounts payable after more than one year17€1k-
Financial debts170/4€1k-
Amounts payable within one year42/48€91k€70k▼
Current portion of amounts payable after more than one year42€13k€2k▼
Financial debts43€19k€19k=
Credit institutions430/8€19k€19k=
Trade debts44€51k€34k▼
Suppliers440/4€51k€34k▼
Taxes, remuneration and social security45€3k€233▼
Taxes450/3€3k€233▼
Other amounts payable47/48€5k€15k▲
Accrued charges and deferred income492/3€1k-
Income statement
Code20232024
Remuneration, social security and pensions62€161-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€537▼
Other operating charges640/8€529€857▲
Gross operating margin9900€-7k€3k▲
Operating profit (loss)9901€-10k€2k▲
Financial income75/76B€215€922▲
Recurring financial income75€215€922▲
Financial charges65/66B€5k€6k▲
Recurring financial charges65€5k€6k▲
Profit (loss) for the period before taxes9903€-15k€-3k▲
Income taxes67/77€245€233▼
Profit (loss) for the period9904€-15k€-3k▲
Profit (loss) for the period to be appropriated9905€-15k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-91k€-94k▼
Profit (loss) brought forward from the previous period14P€-76k€-91k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-12
Financial
Back to profitnet €15k
Net result €15k after 2 loss-making years.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €31k ▲323%
Operating result €38k, net result €31k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 5.70
Current ratio from 2.80 to 5.70; short-term debt falls from €23k to €13k.
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 56 days late
2018
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 86 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 60 days late
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 152 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Malle · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Den Mostheuvel 612390 MalleGround area
1,510 m²
Building footprint
192 m²
Volume, LiDAR
928 m³
Parcel 11049B0637/00R008, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Den Mostheuvel 61, 2390 Malle
since 20012.089.111.368
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11049B0637/00R008 | Flanders | 1,510 m² | 1 · 192 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0841.883.388
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MOINE-PAZ
BE 0798.755.507
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ALEXANDER ROMAN
BE 0733.610.109
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FLOREA CONSTRUCTION
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 5,681 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.