EPAH
ActiveSummary
EPAH has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.09M and a net result of €305k. Equity is growing by ~38% per year across the filed fiscal years. Its solvency ranks better than 35% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-5
Solvency65▼-30
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 2.73 in 2024; short-term debt: 38.1% and cash: 12.3% of total assets), and 60.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 dateAge against the risk zone
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
39.6%
Return on assets
11.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 5 filingsDeviation from the deadline
2025
31 d late
2024
161 d early
2023
31 d late
2022
31 d late
2021
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.09M▼ 33.4%
2024 · €1.63M
Total assets
€2.75M▲ 17.1%
2024 · €2.35M
Net result
€305k▼ 14.9%
2024 · €358k
Working capital
€414k▼ 64.5%
2024 · €1.17M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7k-€905k▲ 12,672%€797k▼ 11.9%€503k▼ 36.9%€443k▼ 11.9%
Net result€4k-€681k▲ 18,734%€580k▼ 14.7%€358k▼ 38.3%€305k▼ 14.9%
Equity€14k-€694k▲ 5,000%€1.27M▲ 83.6%€1.63M▲ 28.1%€1.09M▼ 33.4%
Total assets€287k-€1.40M▲ 387%€2.45M▲ 75.4%€2.35M▼ 4.2%€2.75M▲ 17.1%
Debt€274k-€703k▲ 157%€1.18M▲ 67.4%€715k▼ 39.2%€1.66M▲ 132%
Working capital€-19k-€381k€997k▲ 162%€1.17M▲ 17.0%€414k▼ 64.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.75M
Fixed assets
€1.29M ▲ 153%
Current assets
€1.46M ▼ 20.5%
Equity and liabilities €2.75M
Equity
€1.09M ▼ 33.4%
Debt
€1.66M ▲ 132%
Debt's share of the balance-sheet total rises from 30.5% to 60.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€602k▲
2024 · €536k
Cash flow
€464k▲
2024 · €391k
Current ratio
1.39▼
2024 · 2.73
Debt to equity
1.53▲
2024 · 0.44
ROE
28.0%▲
2024 · 21.9%
ROA
11.1%▼
2024 · 15.3%
Interest coverage
16.18▼
2024 · 16.92
Debt ≤ 1 year
€1.05M▲
2024 · €673k
Debt > 1 year
€591k▲
2024 · €433
Income taxes
€101k▼
2024 · €113k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €48k | €19k | €33k | €159k | ▲ 376% |
| Other operating charges640/8 | €966 | €2k | €1k | €5k | €5k | ▲ 10.2% |
| Gross operating margin9900 | €39k | €954k | €818k | €541k | €607k | ▲ 12.2% |
| Operating profit (loss)9901 | €7k | €905k | €797k | €503k | €443k | ▼ 11.9% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €3k | €4k | €30k | €32k | €37k | ▲ 17.3% |
| Recurring financial charges65 | €3k | €4k | €30k | €32k | €37k | ▲ 17.3% |
| Profit (loss) for the period before taxes9903 | €5k | €901k | €767k | €471k | €406k | ▼ 13.9% |
| Income taxes67/77 | €904 | €220k | €187k | €113k | €101k | ▼ 10.8% |
| Profit (loss) for the period9904 | €4k | €681k | €580k | €358k | €305k | ▼ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €4k | €681k | €580k | €358k | €305k | ▼ 14.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €287k | €1.40M | €2.45M | €2.35M | €2.75M | ▲ 17.1% |
| Fixed assets21/28 | €190k | €459k | €439k | €509k | €1.29M | ▲ 153% |
| Tangible fixed assets22/27 | €190k | €459k | €439k | €509k | €1.29M | ▲ 153% |
| Land and buildings22 | €190k | €459k | €439k | €420k | €1.22M | ▲ 191% |
| Furniture and vehicles24 | - | - | - | €89k | €68k | ▼ 23.1% |
| Current assets29/58 | €97k | €939k | €2.01M | €1.84M | €1.46M | ▼ 20.5% |
| Amounts receivable within one year40/41 | €62k | €847k | €894k | €767k | €1.12M | ▲ 46.4% |
| Trade receivables40 | €36k | - | €497k | €9k | €17k | ▲ 82.6% |
| Other amounts receivable41 | €26k | €847k | €397k | €758k | €1.11M | ▲ 45.9% |
| Cash at bank and in hand54/58 | €35k | €92k | €1.12M | €1.07M | €338k | ▼ 68.4% |
| Deferred charges and accrued income490/1 | €126 | €167 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €287k | €1.40M | €2.45M | €2.35M | €2.75M | ▲ 17.1% |
| Equity10/15 | €14k | €694k | €1.27M | €1.63M | €1.09M | ▼ 33.4% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves13 | €4k | €684k | €1.26M | €1.62M | €1.08M | ▼ 33.6% |
| Distributable reserves133 | €4k | €684k | €1.26M | €1.62M | €1.08M | ▼ 33.6% |
| Amounts payable17/49 | €274k | €703k | €1.18M | €715k | €1.66M | ▲ 132% |
| Amounts payable after more than one year17 | €157k | €145k | €139k | €433 | €591k | ▲ 136,224% |
| Financial debts170/4 | €157k | €145k | €139k | - | €590k | - |
| Other amounts payable178/9 | €433 | €433 | €433 | €433 | €433 | = |
| Amounts payable within one year42/48 | €116k | €558k | €1.02M | €673k | €1.05M | ▲ 55.8% |
| Current portion of amounts payable after more than one year42 | €12k | €12k | €9k | - | €35k | - |
| Trade debts44 | €8k | €884 | €13k | €3k | €3k | ▼ 12.1% |
| Suppliers440/4 | €8k | €884 | €13k | €3k | €3k | ▼ 12.1% |
| Taxes, remuneration and social security45 | €23k | €421k | €580k | €248k | €295k | ▲ 19.0% |
| Taxes450/3 | €6k | €421k | €580k | €248k | €295k | ▲ 19.0% |
| Remuneration and social security454/9 | €18k | - | - | - | - | - |
| Other amounts payable47/48 | €74k | €123k | €414k | €422k | €716k | ▲ 69.7% |
| Accrued charges and deferred income492/3 | - | - | €23k | €42k | €24k | ▼ 43.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €681k | €580k | €358k | €305k | ▼ 14.9% |
| + Depreciation and write-downs630 | €31k | €48k | €19k | €33k | €159k | ▲ 376% |
| Operating cash flow (approximation) | €34k | €729k | €600k | €391k | €464k | ▲ 18.4% |
| Investment in fixed assets (approximation) | - | €-317k | €0 | €-103k | €-939k | ▼ 814% |
| Change in cash | - | €57k | €1.03M | €-46k | €-734k | ▼ 1,482% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Equity above €1MEq €1.27M ▲83.6%
3 profitable years in a row build equity to €1.27M.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2021net €681k ▲18,734%
Operating result €905k, net result €681k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.68
Current ratio from 0.84 to 1.68.
31-12
Financial
Equity above €500kEq €694k ▲5,000%
2 profitable years in a row build equity to €694k.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Antwerpen · 1 establishment unit since 2020
Ground area
535 m²
Building footprint
148 m²
Volume, LiDAR
1,281 m³
Parcel 11383B0273/00L006, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
EPAH
since 20202.307.750.457
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11383B0273/00L006 | Flanders | 535 m² | 1 · 148 m² | 14.2 m · 3 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.
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Of 2,261 companies in sector 69102 we hold annual accounts for 1,755. 1,176 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
Founded22-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69102Activities of notaries
Scores and ratios are computed by Checked and are not a credit decision.