Eol'Wapi
ActiveSummary
Eol'Wapi has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86.6m and a net result of €1.4m. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
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Signals
This company filed its last 4 accounts on average 57 days before the deadline; the sector median for financial year 2024 is 23 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 35, Electricity, gas, steam and air conditioning supply, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 703 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Large
- solvency 30% or more
- a profit under 5% of the balance sheet
- without age
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 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% | 1.6% |
| 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 74% 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 703 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €7.0m | €17.6m | €22.1m | €18.9m | ▼ 14.5% |
| Turnover70 | €7.0m | €17.6m | €21.7m | €18.8m | ▼ 13.5% |
| Other operating income74 | - | €2,400 | €349,459 | €87,851 | ▼ 74.9% |
| Operating charges60/66A | €4.5m | €8.4m | €12.9m | €13.1m | ▲ 1.2% |
| Services and other goods61 | €1.0m | €1.4m | €3.9m | €3.9m | ▼ 1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3.2m | €4.7m | €8.0m | €8.6m | ▲ 7.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €150,140 | €120,193 | €215,580 | €220,426 | ▲ 2.2% |
| Other operating charges640/8 | €62,926 | €2.2m | €765,045 | €385,414 | ▼ 49.6% |
| Non-recurring operating charges66A | €108,726 | - | - | - | - |
| Operating profit (loss)9901 | €2.5m | €9.2m | €9.1m | €5.8m | ▼ 36.8% |
| Financial income75/76B | €11,915 | €1,197 | €359,600 | €392,172 | ▲ 9.1% |
| Recurring financial income75 | €11,915 | €1,197 | €359,600 | €392,172 | ▲ 9.1% |
| Income from financial fixed assets750 | €4 | - | - | - | - |
| Income from current assets751 | €67 | €1,197 | €357,321 | €392,172 | ▲ 9.8% |
| Other financial income752/9 | €11,844 | - | €2,279 | - | - |
| Financial charges65/66B | €509,509 | €700,014 | €3.3m | €3.4m | ▲ 2.2% |
| Recurring financial charges65 | €509,509 | €700,014 | €3.3m | €3.4m | ▲ 2.2% |
| Debt charges650 | €504,971 | €687,695 | €3.3m | €3.4m | ▲ 2.5% |
| Other financial charges652/9 | €4,538 | €12,319 | €28,049 | €18,254 | ▼ 34.9% |
| Profit (loss) for the period before taxes9903 | €2.0m | €8.5m | €6.2m | €2.8m | ▼ 55.0% |
| Income taxes67/77 | €583,864 | €2.5m | €1.9m | €1.3m | ▼ 31.2% |
| Taxes670/3 | €614,674 | €2.5m | €1.9m | €1.3m | ▼ 31.3% |
| Tax adjustments and reversals of tax provisions77 | €30,810 | - | €1,235 | - | - |
| Profit (loss) for the period9904 | €1.4m | €6.0m | €4.2m | €1.4m | ▼ 65.9% |
| Profit (loss) for the period to be appropriated9905 | €1.4m | €6.0m | €4.2m | €1.4m | ▼ 65.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €62.6m | €69.6m | €139.4m | €132.7m | ▼ 4.8% |
| Fixed assets21/28 | €56.9m | €53.1m | €122.5m | €118.7m | ▼ 3.1% |
| Intangible fixed assets21 | €15.2m | €13.5m | €38.5m | €35.8m | ▼ 7.0% |
| Tangible fixed assets22/27 | €41.7m | €39.6m | €84.0m | €82.9m | ▼ 1.3% |
| Land and buildings22 | €276,483 | €265,266 | €254,049 | €242,832 | ▼ 4.4% |
| Plant, machinery and equipment23 | €35.1m | €39.3m | €80.1m | €78.6m | ▼ 1.9% |
| Assets under construction and advance payments27 | €6.3m | - | €3.7m | €4.1m | ▲ 10.9% |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | = |
| Other financial fixed assets284/8 | €400 | €400 | €400 | €400 | = |
| Shares284 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €5.7m | €16.5m | €16.9m | €14.0m | ▼ 17.0% |
| Amounts receivable after more than one year29 | - | - | - | €545,218 | - |
| Other amounts receivable291 | - | - | - | €545,218 | - |
| Amounts receivable within one year40/41 | €4.3m | €15.6m | €15.8m | €9.5m | ▼ 39.5% |
| Trade receivables40 | €4.3m | €7.6m | €8.6m | €6.5m | ▼ 24.9% |
| Other amounts receivable41 | €76,320 | €8.0m | €7.2m | €3.1m | ▼ 57.1% |
| Current investments50/53 | €1.0m | €13 | €809,313 | - | - |
| Other investments51/53 | €1.0m | €13 | €809,313 | - | - |
| Cash at bank and in hand54/58 | €393,112 | €823,503 | €64,026 | €3.7m | ▲ 5,635% |
| Deferred charges and accrued income490/1 | €14,299 | €28,436 | €239,039 | €251,232 | ▲ 5.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €62.6m | €69.6m | €139.4m | €132.7m | ▼ 4.8% |
| Equity10/15 | €41.0m | €41.4m | €86.4m | €86.6m | ▲ 0.2% |
| Contributions10/11 | €40.8m | €40.8m | €85.2m | €85.2m | = |
| Capital10 | €40.8m | €40.8m | €85.2m | €85.2m | = |
| Issued capital100 | €40.8m | €40.8m | €85.2m | €85.2m | = |
| Reserves13 | €70,387 | €368,154 | €580,001 | €652,190 | ▲ 12.4% |
| Non-distributable reserves130/1 | €70,387 | €368,154 | €580,001 | €652,190 | ▲ 12.4% |
| Legal reserve130 | €70,387 | €368,154 | €580,001 | €652,190 | ▲ 12.4% |
| Profit (loss) carried forward14 | €137,350 | €194,922 | €620,026 | €757,185 | ▲ 22.1% |
| Provisions and deferred taxes16 | €810,295 | €930,488 | €1.7m | €1.9m | ▲ 13.3% |
| Provisions for liabilities and charges160/5 | €810,295 | €930,488 | €1.7m | €1.9m | ▲ 13.3% |
| Environmental obligations163 | €810,295 | €930,488 | €1.7m | €1.9m | ▲ 13.3% |
| Amounts payable17/49 | €20.8m | €27.3m | €51.3m | €44.2m | ▼ 13.8% |
| Amounts payable after more than one year17 | €17.1m | €17.1m | €44.7m | €38.9m | ▼ 13.0% |
| Financial debts170/4 | €17.1m | €17.1m | €44.7m | €36.7m | ▼ 17.9% |
| Other loans174 | €17.1m | €17.1m | €44.7m | €36.7m | ▼ 17.9% |
| Trade debts175 | - | - | - | €2.2m | - |
| Suppliers1750 | - | - | - | €2.2m | - |
| Amounts payable within one year42/48 | €3.6m | €9.5m | €5.5m | €5.2m | ▼ 6.5% |
| Trade debts44 | €1.0m | €700,525 | €923,493 | €3.4m | ▲ 268% |
| Suppliers440/4 | €1.0m | €700,525 | €923,493 | €3.4m | ▲ 268% |
| Taxes, remuneration and social security45 | €1.4m | €3.2m | €1.0m | €545,602 | ▼ 46.4% |
| Taxes450/3 | €1.4m | €3.2m | €1.0m | €545,602 | ▼ 46.4% |
| Other amounts payable47/48 | €1.2m | €5.6m | €3.6m | €1.2m | ▼ 65.7% |
| Accrued charges and deferred income492/3 | €134,810 | €739,425 | €1.0m | €113,631 | ▼ 88.9% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.4m | €6.0m | €4.2m | €1.4m | ▼ 65.9% |
| + Depreciation and write-downs630 | €3.2m | €4.7m | €8.0m | €8.6m | ▲ 7.4% |
| Operating cash flow (approximation) | €4.6m | €10.7m | €12.3m | €10.1m | ▼ 17.9% |
| Investment in fixed assets (approximation) | - | -€978,666 | -€77.4m | -€4.8m | ▲ 93.7% |
| Change in cash | - | €430,391 | -€759,477 | €3.6m | ▲ 575% |
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
24-09
State Gazette act
Resignation: Olivier Bontems (director)Appointments: Camille Destrebecq (director) and Christophe Bonchoux (managing director)6 facts ▸
- Board meeting, 09-09-2026
- Other statement, 14-08-2026
- Other statement, 03-07-2026
- Director resignation, Olivier Bontems (director)
- Director appointment, Camille Destrebecq (director)
- Director appointment, Christophe Bonchoux (managing director)
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 1
Day-to-day management 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462D0332/00A000 | Wallonia | 122 m² | 1 · 59 m² | 14.5 m · 4 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Camille Destrebecq |
|
| BONCHOUX Christophe |
|
| Olivier Bontems |
|
Structure & network
Owners and holdings
3 ownersChain of control
- EDF BELGIUM
- Luminus
- Eol'Wapi
Highest known parent: EDF BELGIUM. The sources do not say who stands above it.
Owners 3
- LuminusparentSourceaccounts Luminus 202551%
- 24.5%
- 24.5%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
3 connected companiesSimilar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.