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Eol'Wapi

Active
Public limited companyfounded 20205 yrs activeQuai Saint-Brice(TOU) 35, 7500 Tournai, BelgiumKBO/BCE: BE 0758.786.260
Summary

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).

Checked score

Score 2024
Axes · tick = 2023
Profitability71▼-6
Solvency90▲+3
Growth85=
Track record94
Bankruptcy probability, 12 months
0.5% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,850,000 at 30 days acceptable
Liquidity ample (current ratio 2.7 against 3.05 in 2023; short-term debt: 3.9% and cash: 2.8% of total assets), and 34.7% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Electricity, gas, steam and air conditioning supply (NACE 35)
about 42% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
65.3%
Return on assets
1.1%
Age of the figures
21 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
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 07-07-2025, 24 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
24 d early
2023
47 d early
2022
76 d early
2021
80 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

Eol'Wapi was incorporated on 26 November 2020 as a Public limited company.1 The board currently has 2 members; BONCHOUX Christophe has served longest, since 2026.2 Revenue grew from EUR 7 million in 2021 to EUR 19 million in 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 24-09-2026
  3. 3National Bank, annual accounts 2021 and 2024

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2024, full schema

Turnover
€18.8m▼ 13.5%
2023 · €21.7m
EBIT margin
30.7%▼ 11.3pp
2023 · 42.0%
Net result
€1.4m▼ 65.9%
2023 · €4.2m
Working capital
€8.8m▼ 22.1%
2023 · €11.3m
Trend over the years

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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line2021202220232024
Turnover€7.0m-€17.6m▲ 151%€21.7m▲ 23.6%€18.8m▼ 13.5%
Operating result€2.5m-€9.2m▲ 268%€9.1m▼ 0.4%€5.8m▼ 36.8%
Net result€1.4mabove the sector's middle half-€6.0mabove the sector's middle half▲ 323%€4.2mabove the sector's middle half▼ 28.9%€1.4mabove the sector's middle half▼ 65.9%
EBIT margin35.6%-52.1%▲ 16.5pp42.0%▼ 10.1pp30.7%▼ 11.3pp
Equity€41.0mabove the sector's middle half-€41.4mabove the sector's middle half▲ 0.9%€86.4mabove the sector's middle half▲ 109%€86.6mabove the sector's middle half▲ 0.2%
Total assets€62.6mabove the sector's middle half-€69.6mabove the sector's middle half▲ 11.2%€139.4mabove the sector's middle half▲ 100%€132.7mabove the sector's middle half▼ 4.8%
Debt€20.8m-€27.3m▲ 31.4%€51.3m▲ 87.7%€44.2m▼ 13.8%
Working capital€2.2m-€7.0m▲ 223%€11.3m▲ 63.1%€8.8m▼ 22.1%
Solvency65.5%above the sector's middle half-59.4%above the sector's middle half▼ 6.1pp62.0%above the sector's middle half▲ 2.6pp65.3%above the sector's middle half▲ 3.3pp
above within below 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.
Result per fiscal year
Operating resultNet result
€0€2.5m€5.0m€7.5m€10.0mOperating result 2021: €2.5m€2.5mNet result 2021: €1.4m€1.4mOperating result 2022: €9.2m€9.2mNet result 2022: €6.0m€6.0mOperating result 2023: €9.1m€9.1mNet result 2023: €4.2m€4.2mOperating result 2024: €5.8m€5.8mNet result 2024: €1.4m€1.4m2021202220232024€0€2.5m€5m€7.5m€10mOperating result 2022: €9.2m€9.2mNet result 2022: €6.0m€6mOperating result 2023: €9.1m€9.1mNet result 2023: €4.2m€4.2mOperating result 2024: €5.8m€5.8mNet result 2024: €1.4m€1.4m202220232024
The operating result has fallen two years in a row; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €132.7m
Fixed assets €118.7m ▼ 3.1%
Current assets €14.0m ▼ 17.0%
Equity and liabilities €132.7m
Equity €86.6m ▲ 0.2%
Provisions €1.9m ▲ 13.3%
Debt €44.2m ▼ 13.8%
Debt's share of the balance-sheet total falls from 36.8% to 33.3%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€14.4m▼
2023 · €17.2m
Cash flow
€10.1m▼
2023 · €12.3m
Current ratio
2.70▼
2023 · 3.05
Debt to equity
0.51▼
2023 · 0.59
ROE
1.7%▼
2023 · 4.9%
ROA
1.1%▼
2023 · 3.0%
Interest coverage
4.29▼
2023 · 5.24
Debt ≤ 1 year
€5.2m▼
2023 · €5.5m
Debt > 1 year
€38.9m▼
2023 · €44.7m
Income taxes
€1.3m▼
2023 · €1.9m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of 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
0.6% went bankrupt
4.4% stopped otherwise
95% still going

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%.

The companies in ten equal groups, from lowest to highest expected share.
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.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 74 lines
Balance sheet Code20232024
Assets
Total assets20/58€139.4m€132.7m▼
Fixed assets21/28€122.5m€118.7m▼
Intangible fixed assets21€38.5m€35.8m▼
Tangible fixed assets22/27€84.0m€82.9m▼
Land and buildings22€254,049€242,832▼
Plant, machinery and equipment23€80.1m€78.6m▼
Assets under construction and advance payments27€3.7m€4.1m▲
Financial fixed assets28€400€400=
Other financial fixed assets284/8€400€400=
Shares284€400€400=
Current assets29/58€16.9m€14.0m▼
Amounts receivable after more than one year29-€545,218
Other amounts receivable291-€545,218
Amounts receivable within one year40/41€15.8m€9.5m▼
Trade receivables40€8.6m€6.5m▼
Other amounts receivable41€7.2m€3.1m▼
Current investments50/53€809,313-
Other investments51/53€809,313-
Cash at bank and in hand54/58€64,026€3.7m▲
Deferred charges and accrued income490/1€239,039€251,232▲
Equity and liabilities
Total equity and liabilities10/49€139.4m€132.7m▼
Equity10/15€86.4m€86.6m▲
Contributions10/11€85.2m€85.2m=
Capital10€85.2m€85.2m=
Issued capital100€85.2m€85.2m=
Reserves13€580,001€652,190▲
Non-distributable reserves130/1€580,001€652,190▲
Legal reserve130€580,001€652,190▲
Profit (loss) carried forward14€620,026€757,185▲
Provisions and deferred taxes16€1.7m€1.9m▲
Provisions for liabilities and charges160/5€1.7m€1.9m▲
Environmental obligations163€1.7m€1.9m▲
Amounts payable17/49€51.3m€44.2m▼
Amounts payable after more than one year17€44.7m€38.9m▼
Financial debts170/4€44.7m€36.7m▼
Other loans174€44.7m€36.7m▼
Trade debts175-€2.2m
Suppliers1750-€2.2m
Amounts payable within one year42/48€5.5m€5.2m▼
Trade debts44€923,493€3.4m▲
Suppliers440/4€923,493€3.4m▲
Taxes, remuneration and social security45€1.0m€545,602▼
Taxes450/3€1.0m€545,602▼
Other amounts payable47/48€3.6m€1.2m▼
Accrued charges and deferred income492/3€1.0m€113,631▼
Income statement Code20232024
Operating income70/76A€22.1m€18.9m▼
Turnover70€21.7m€18.8m▼
Other operating income74€349,459€87,851▼
Operating charges60/66A€12.9m€13.1m▲
Services and other goods61€3.9m€3.9m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8.0m€8.6m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€215,580€220,426▲
Other operating charges640/8€765,045€385,414▼
Operating profit (loss)9901€9.1m€5.8m▼
Financial income75/76B€359,600€392,172▲
Recurring financial income75€359,600€392,172▲
Income from current assets751€357,321€392,172▲
Other financial income752/9€2,279-
Financial charges65/66B€3.3m€3.4m▲
Recurring financial charges65€3.3m€3.4m▲
Debt charges650€3.3m€3.4m▲
Other financial charges652/9€28,049€18,254▼
Profit (loss) for the period before taxes9903€6.2m€2.8m▼
Income taxes67/77€1.9m€1.3m▼
Taxes670/3€1.9m€1.3m▼
Tax adjustments and reversals of tax provisions77€1,235-
Profit (loss) for the period9904€4.2m€1.4m▼
Profit (loss) for the period to be appropriated9905€4.2m€1.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.4m€2.1m▼
Profit (loss) brought forward from the previous period14P€194,922€620,026▲
Transfer to equity691/2€211,847€72,189▼
To the legal reserve6920€211,847€72,189▼
Profit to be distributed694/7€3.6m€1.2m▼
Return on contributions (dividend)694€3.6m€1.2m▼

The notes to these accounts (43 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2021202220232024Change
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%
Line2021202220232024Change
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%
Line2021202220232024Change
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.

Download as CSV

Timeline · acts, filings and financial milestones

2026
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)
2025
07-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
14-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Equity above €50mEq €86.4m ▲109%
3 profitable years in a row build equity to €86.4m.
16-05
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Highest result since 2021net €6.0m ▲323%
Operating result €9.2m, net result €6.0m, both a record.
12-05
NBB filing Annual accounts filed
fiscal year 2021 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 director, 1 in day-to-day management, last change in 2026

Board 1

Camille Destrebecq
Director · since 24-09-2026
Current

Day-to-day management 1

BONCHOUX Christophe
Managing director · since 24-09-2026
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
13 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2020
seat establishment approximate The establishment unit on the map
Ground area
122 m²
Building footprint
59 m²
Volume, LiDAR
777 m³
Parcel 57462D0332/00A000, Wallonia · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Eol'Wapi
Quai Saint-Brice(TOU) 35, 7500 TournaiProduction of electricity from non-renewable sources
since 20202.389.084.561
1 parcel
Wallonia 1 (100%)
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
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.

Mandate history

3 people since 2026, 2 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Camille Destrebecq
  • Director, from 24-09-2026 to date
BONCHOUX Christophe
  • Managing director, from 24-09-2026 to date
Olivier Bontems
  • Director, until 24-09-2026
See the board, name and seat on a given date →

Structure & network

Part of the group ELECTRICITE DE FRANCE 66 companies Group, risk and exposure

Owners and holdings

3 owners

Chain of control

  1. EDF BELGIUM 68.63%
  2. Luminus 51%
  3. Eol'Wapi

Highest known parent: EDF BELGIUM. The sources do not say who stands above it.

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 companies
Depth
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
BEBE BOULOT
via BONCHOUX Christophe · Secrétaire général délégué à la gestion journalière
former→
former→

Similar companies · same sector, comparable size

Of 149 companies in sector 35120 we hold annual accounts for 80. 8 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded26-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
35120
E-invoicing
Reachable via Peppol
Peppol ID 0208:0758786260
Also 9925:BE0758786260
Registered 13-11-2025

Register as of 27 September 2026 · Peppol Directory

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