EOLE-LIEN
ActiveSummary
EOLE-LIEN has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €53,382. Equity is growing by ~36.6% per year across the filed fiscal years. Its solvency ranks better than 63% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability80▼-1
Solvency69▲+8
Growth85=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 3.92 against 2.55 in 2024; short-term debt: 5.5% and cash: 17.1% of total assets), but 56.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
43.9%
Return on assets
0.8%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
121 d early
2024
125 d early
2023
110 d early
2022
104 d early
2021
111 d early
2020
73 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 96 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 11 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#4 company by equity in the province of Namur, Energy sector#7 company by total assets in the province of Namur, Energy sector
Turnover
€554,720▼ 22.1%
2024 · €711,765
EBIT margin
16.6%▼ 6.5pp
2024 · 23.0%
Net result
€53,382▼ 52.3%
2024 · €111,824
Working capital
€1.1m▲ 43.1%
2024 · €748,786
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
Line20212022202320242025
Turnover€570,690▲ 8,367%€1.1m▲ 90.2%€1.1m▲ 0.8%€711,765▼ 35.0%€554,720▼ 22.1%
Operating result€375,363€639,843▲ 70.5%€598,425▼ 6.5%€163,959▼ 72.6%€91,970▼ 43.9%
Net result€314,743within the sector's middle half€578,028within the sector's middle half▲ 83.7%€462,117within the sector's middle half▼ 20.1%€111,824within the sector's middle half▼ 75.8%€53,382within the sector's middle half▼ 52.3%
EBIT margin65.8%▲ 145.7pp58.9%▼ 6.8pp54.7%▼ 4.3pp23.0%▼ 31.6pp16.6%▼ 6.5pp
Equity€751,918within the sector's middle half▲ 56.1%€1.3mwithin the sector's middle half▲ 76.1%€1.7mwithin the sector's middle half▲ 32.1%€1.8mwithin the sector's middle half▲ 4.0%€2.9mwithin the sector's middle half▲ 61.2%
Total assets€4.9mwithin the sector's middle half▲ 61.5%€5.1mwithin the sector's middle half▲ 3.7%€5.2mwithin the sector's middle half▲ 2.7%€5.0mwithin the sector's middle half▼ 3.8%€6.7mwithin the sector's middle half▲ 33.5%
Debt€4.1m▲ 62.5%€3.7m▼ 9.5%€3.5m▼ 7.7%€3.2m▼ 8.0%€3.7m▲ 17.5%
Working capital€78,060within the sector's middle half▲ 827%€539,839within the sector's middle half▲ 592%€932,958within the sector's middle half▲ 72.8%€748,786within the sector's middle half▼ 19.7%€1.1mwithin the sector's middle half▲ 43.1%
Solvency15.4%within the sector's middle half▼ 0.5pp26.2%within the sector's middle half▲ 10.8pp33.6%within the sector's middle half▲ 7.5pp36.4%within the sector's middle half▲ 2.7pp43.9%within the sector's middle half▲ 7.5pp
Current ratio1.18within the sector's middle half▼ 0.112.43above the sector's middle half▲ 1.243.28above the sector's middle half▲ 0.852.55above the sector's middle half▼ 0.733.92above the sector's middle half▲ 1.37
Return on assets (ROA)6.4%above the sector's middle half▲ 8.3pp11.4%above the sector's middle half▲ 5.0pp8.9%within the sector's middle half▼ 2.5pp2.2%within the sector's middle half▼ 6.6pp0.8%within the sector's middle half▼ 1.4pp
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
The operating result has fallen three years in a row; 2025 is 44% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.7m
Fixed assets
€5.2m ▲ 38.9%
Current assets
€1.4m ▲ 16.8%
Equity and liabilities €6.7m
Equity
€2.9m ▲ 61.2%
Provisions
€11,120 ▲ 100%
Debt
€3.7m ▲ 17.5%
Debt's share of the balance-sheet total falls from 63.5% to 55.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€414,035▼
2024 · €479,487
Cash flow
€375,447▼
2024 · €427,351
Debt to equity
1.27▼
2024 · 1.75
ROE
1.8%▼
2024 · 6.1%
Interest coverage
7.41▼
2024 · 10.31
Debt ≤ 1 year
€367,155▼
2024 · €483,305
Debt > 1 year
€3.4m▲
2024 · €2.7m
Income taxes
-€3,061▼
2024 · €23,631
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 542 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 93% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 542 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €570,690 | €1.1m | €1.1m | €711,765 | €554,720 | ▼ 22.1% |
| Non-recurring operating income76A | - | - | €5 | €2,000 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €34,316 | €116,301 | €177,804 | €226,791 | €133,652 | ▼ 41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €160,121 | €327,327 | €315,082 | €315,527 | €322,065 | ▲ 2.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €5,560 | €5,560 | = |
| Other operating charges640/8 | €890 | €2,217 | €3,403 | €1,927 | €1,473 | ▼ 23.6% |
| Gross operating margin9900 | €536,374 | €969,387 | €916,909 | €486,974 | €421,068 | ▼ 13.5% |
| Operating profit (loss)9901 | €375,363 | €639,843 | €598,425 | €163,959 | €91,970 | ▼ 43.9% |
| Financial income75/76B | - | - | €13,010 | €18,011 | €14,214 | ▼ 21.1% |
| Recurring financial income75 | - | - | €13,010 | €18,011 | €14,214 | ▼ 21.1% |
| Financial charges65/66B | €60,620 | €61,815 | €52,427 | €46,515 | €55,863 | ▲ 20.1% |
| Recurring financial charges65 | €60,620 | €61,815 | €52,427 | €46,515 | €55,863 | ▲ 20.1% |
| Profit (loss) for the period before taxes9903 | €314,743 | €578,028 | €559,007 | €135,455 | €50,321 | ▼ 62.9% |
| Income taxes67/77 | - | - | €96,891 | €23,631 | -€3,061 | ▼ 113% |
| Profit (loss) for the period9904 | €314,743 | €578,028 | €462,117 | €111,824 | €53,382 | ▼ 52.3% |
| Profit (loss) for the period to be appropriated9905 | €314,743 | €578,028 | €462,117 | €111,824 | €53,382 | ▼ 52.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.9m | €5.1m | €5.2m | €5.0m | €6.7m | ▲ 33.5% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | €4.4m | €4.1m | €3.9m | €3.8m | €5.2m | ▲ 38.9% |
| Intangible fixed assets21 | €85,991 | €65,948 | €47,106 | €28,264 | €9,421 | ▼ 66.7% |
| Tangible fixed assets22/27 | €4.3m | €4.0m | €3.7m | €3.5m | €4.9m | ▲ 39.5% |
| Land and buildings22 | - | €58,000 | €58,000 | €58,000 | €58,000 | = |
| Plant, machinery and equipment23 | €4.3m | €4.0m | €3.7m | €3.4m | €3.2m | ▼ 6.4% |
| Assets under construction and advance payments27 | - | - | - | €76,195 | €1.7m | ▲ 2,101% |
| Financial fixed assets28 | €42,250 | €62,250 | €85,000 | €235,000 | €336,500 | ▲ 43.2% |
| Current assets29/58 | €500,502 | €918,363 | €1.3m | €1.2m | €1.4m | ▲ 16.8% |
| Amounts receivable within one year40/41 | €188,334 | €230,724 | €756,519 | €297,130 | €254,342 | ▼ 14.4% |
| Trade receivables40 | €188,334 | €230,705 | €416,767 | €202,130 | €159,778 | ▼ 21.0% |
| Other amounts receivable41 | - | €19 | €339,752 | €95,000 | €94,564 | ▼ 0.5% |
| Current investments50/53 | €2,000 | €400 | €250,400 | €400,400 | €400 | ▼ 99.9% |
| Cash at bank and in hand54/58 | €302,345 | €679,080 | €289,643 | €486,073 | €1.1m | ▲ 135% |
| Deferred charges and accrued income490/1 | €7,823 | €8,159 | €46,275 | €48,488 | €42,848 | ▼ 11.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.9m | €5.1m | €5.2m | €5.0m | €6.7m | ▲ 33.5% |
| Equity10/15 | €751,918 | €1.3m | €1.7m | €1.8m | €2.9m | ▲ 61.2% |
| Contributions10/11 | €855,000 | €903,400 | €922,200 | €936,200 | €2.1m | ▲ 122% |
| Profit (loss) carried forward14 | -€103,082 | €420,742 | €827,527 | €883,179 | €853,413 | ▼ 3.4% |
| Provisions and deferred taxes16 | - | - | - | €5,560 | €11,120 | ▲ 100% |
| Provisions for liabilities and charges160/5 | - | - | - | €5,560 | €11,120 | ▲ 100% |
| Major repairs and maintenance162 | - | - | - | €5,560 | €11,120 | ▲ 100% |
| Amounts payable17/49 | €4.1m | €3.7m | €3.5m | €3.2m | €3.7m | ▲ 17.5% |
| Amounts payable after more than one year17 | €3.7m | €3.4m | €3.0m | €2.7m | €3.4m | ▲ 24.9% |
| Financial debts170/4 | €3.7m | €3.4m | €3.0m | €2.7m | €3.4m | ▲ 24.9% |
| Amounts payable within one year42/48 | €422,442 | €378,524 | €409,880 | €483,305 | €367,155 | ▼ 24.0% |
| Current portion of amounts payable after more than one year42 | €365,817 | €318,637 | €296,490 | €349,377 | €252,297 | ▼ 27.8% |
| Trade debts44 | €5,145 | €5,683 | €6,537 | €2,877 | €14,092 | ▲ 390% |
| Suppliers440/4 | €5,145 | €5,683 | €6,537 | €2,877 | €14,092 | ▲ 390% |
| Taxes, remuneration and social security45 | €180 | - | €51,521 | €74,879 | €17,617 | ▼ 76.5% |
| Taxes450/3 | €180 | - | €51,521 | €74,879 | €17,617 | ▼ 76.5% |
| Other amounts payable47/48 | €51,300 | €54,204 | €55,332 | €56,172 | €83,148 | ▲ 48.0% |
| Accrued charges and deferred income492/3 | - | - | €2,042 | €2,703 | €4,653 | ▲ 72.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €314,743 | €578,028 | €462,117 | €111,824 | €53,382 | ▼ 52.3% |
| + Depreciation and write-downs630 | €160,121 | €327,327 | €315,082 | €315,527 | €322,065 | ▲ 2.1% |
| Operating cash flow (approximation) | €474,865 | €905,355 | €777,198 | €427,351 | €375,447 | ▼ 12.1% |
| Investment in fixed assets (approximation) | - | -€89,135 | -€28,100 | -€226,195 | -€1.8m | ▼ 691% |
| Change in cash | - | €376,735 | -€389,436 | €196,430 | €655,006 | ▲ 233% |
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
Next filing, fiscal year 2026, expected by
2026
11-09
State Gazette act
Resignation: Vincent Golard (director)Power of attorney3 facts ▸
State Gazette act
Resignation: Vincent Golard (director)
Power of attorney3 facts ▸
- Board meeting, 15-07-2026
- Director resignation, Vincent Golard (director)
- Power of attorney, Gatellier Pascal
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Equity above €2mEq €2.9m ▲61.2%
5 profitable years in a row build equity to €2.9m.
28-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €578,028 ▲83.7%
Operating result €639,843, net result €578,028, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.43
Current ratio from 1.18 to 2.43; short-term debt falls from €422,442 to €378,524.
31-12
Financial
Equity above €1mEq €1.3m ▲76.1%
2 profitable years in a row build equity to €1.3m.
11-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €314,743
Net result €314,743 after 3 loss-making years.
31-12
Financial
Equity above €500,000Eq €751,918 ▲56.1%
Equity rises from €481,774 to €751,918.
Show earlier events
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 1.30
Current ratio from 0.62 to 1.30; short-term debt falls from €886,021 to €28,189.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€303,942
Net result drops to -€303,942, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500,000Eq €522,675 ▲78.4%
Equity rises from €293,017 to €522,675.
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
15-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2026
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Not every act has been read: a resignation may be missing here
11 of this company's 12 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, Namur
Ground area
1,825 m²
Building footprint
193 m²
Volume, LiDAR
1,345 m³
Parcel 92123C0075/00N000, Wallonia · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92123C0075/00N000 | Wallonia | 1,825 m² | 1 · 193 m² | 10.0 m · 2 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
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Vincent Golard |
|
Structure & network
Owners and holdings
1 owner · 2 holdingsOwners 1
-
1%
Holdings 2
-
5%
-
1.3%
According to the 2025 annual accounts of EOLE-LIEN and those 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
No current directors or connected companies found in the register.
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Identification & contact
Identification
Legal formCooperative company
Founded03-10-2013
Fiscal year end31-12
Activities, NACEBEL 2025
35140Electricity, gas, steam and air conditioning supply
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0539923774
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.