EQ
ActiveSummary
The computed 12-month bankruptcy probability of EQ is 2.8% (moderate). The 2025 annual accounts show negative equity (€-24k) and a net result of €11k. Equity is shrinking by ~51.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+22
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.25 against 1.61 in 2024; short-term debt: 24% and cash: 27.3% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 dateAge against the risk zone
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-64.3%
Return on assets
29.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 5%
← weakest
strongest →
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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
23 d early
2023
1 d early
2022
17 d early
2021
72 d late
2020
11 d early
← 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
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€-24k▲ 31.6%
2024 · €-35k
Total assets
€37k▼ 5.7%
2024 · €39k
Net result
€11k▲ 286%
2024 · €3k
Working capital
€11k▲ 73.0%
2024 · €6k
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€-22k€-9k▲ 58.0%€-31k▼ 234%€4k€11k▲ 203%
Net result€-22k€-10k▲ 54.5%€-32k▼ 211%€3k€11k▲ 286%
Equity€4k▼ 84.7%€-6k€-38k▼ 516%€-35k▲ 7.6%€-24k▲ 31.6%
Total assets€86k▲ 36.7%€82k▼ 5.4%€51k▼ 37.2%€39k▼ 22.9%€37k▼ 5.7%
Debt€82k▲ 124%€88k▲ 6.7%€89k▲ 1.5%€74k▼ 16.4%€61k▼ 17.8%
Working capital€5k▲ 3.2%€8k▲ 60.9%€-1k€6k€11k▲ 73.0%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 203% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37k
Fixed assets
€17k ▼ 23.4%
Current assets
€20k ▲ 17.2%
Key figures and ratios
EBITDA
€26k▲
2024 · €18k
Cash flow
€25k▲
2024 · €17k
Solvency
-64.3%▲
2024 · -88.6%
Current ratio
2.25▲
2024 · 1.61
Debt to equity
-2.56▼
2024 · -2.13
ROA
29.6%▲
2024 · 7.2%
Interest coverage
62.12▲
2024 · 18.48
Debt ≤ 1 year
€9k▼
2024 · €11k
Debt > 1 year
€52k▼
2024 · €64k
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 | €14k | €19k | €17k | €14k | €14k | ▲ 1.8% |
| Other operating charges640/8 | €7k | €2k | €1k | €1k | €6k | ▲ 352% |
| Gross operating margin9900 | €-481 | €11k | €-13k | €19k | €31k | ▲ 64.7% |
| Operating profit (loss)9901 | €-22k | €-9k | €-31k | €4k | €11k | ▲ 203% |
| Financial income75/76B | €102 | €0 | €61 | €43 | €0 | ▼ 99.8% |
| Recurring financial income75 | €102 | €0 | €61 | €43 | €0 | ▼ 99.8% |
| Financial charges65/66B | €437 | €927 | €873 | €959 | €413 | ▼ 57.0% |
| Recurring financial charges65 | €437 | €927 | €873 | €959 | €413 | ▼ 57.0% |
| Profit (loss) for the period before taxes9903 | €-22k | €-10k | €-32k | €3k | €11k | ▲ 286% |
| Profit (loss) for the period9904 | €-22k | €-10k | €-32k | €3k | €11k | ▲ 286% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €-10k | €-32k | €3k | €11k | ▲ 286% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86k | €82k | €51k | €39k | €37k | ▼ 5.7% |
| Fixed assets21/28 | €63k | €44k | €35k | €22k | €17k | ▼ 23.4% |
| Intangible fixed assets21 | €750 | €550 | €350 | €150 | - | - |
| Tangible fixed assets22/27 | €62k | €43k | €35k | €22k | €17k | ▼ 23.4% |
| Plant, machinery and equipment23 | €5k | €3k | €3k | €3k | €9k | ▲ 244% |
| Furniture and vehicles24 | €41k | €29k | €24k | €15k | €8k | ▼ 51.1% |
| Other tangible fixed assets26 | €16k | €12k | €8k | €4k | - | - |
| Financial fixed assets28 | - | - | - | - | €113 | - |
| Current assets29/58 | €23k | €38k | €16k | €17k | €20k | ▲ 17.2% |
| Amounts receivable within one year40/41 | €14k | €36k | €14k | €12k | €10k | ▼ 18.2% |
| Trade receivables40 | €7k | €29k | €2k | €4k | €10k | ▲ 125% |
| Other amounts receivable41 | €7k | €7k | €12k | €7k | - | - |
| Cash at bank and in hand54/58 | €8k | €876 | €2k | €5k | €10k | ▲ 102% |
| Deferred charges and accrued income490/1 | €915 | €875 | €474 | €415 | €380 | ▼ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86k | €82k | €51k | €39k | €37k | ▼ 5.7% |
| Equity10/15 | €4k | €-6k | €-38k | €-35k | €-24k | ▲ 31.6% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-6k | €-16k | €-48k | €-45k | €-34k | ▲ 24.5% |
| Amounts payable17/49 | €82k | €88k | €89k | €74k | €61k | ▼ 17.8% |
| Amounts payable after more than one year17 | €64k | €59k | €72k | €64k | €52k | ▼ 18.0% |
| Financial debts170/4 | €64k | €59k | €72k | €64k | €52k | ▼ 18.0% |
| Amounts payable within one year42/48 | €18k | €29k | €17k | €11k | €9k | ▼ 16.5% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €9k | €9k | €6k | ▼ 32.6% |
| Trade debts44 | €7k | €21k | €9k | €2k | €2k | ▲ 6.6% |
| Suppliers440/4 | €7k | €21k | €9k | €2k | €2k | ▲ 6.6% |
| Taxes, remuneration and social security45 | €3k | - | - | - | €940 | - |
| Taxes450/3 | €3k | - | - | - | €940 | - |
| Accrued charges and deferred income492/3 | - | - | €80 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €-10k | €-32k | €3k | €11k | ▲ 286% |
| + Depreciation and write-downs630 | €14k | €19k | €17k | €14k | €14k | ▲ 1.8% |
| Operating cash flow (approximation) | €-8k | €9k | €-15k | €17k | €25k | ▲ 50.1% |
| Investment in fixed assets (approximation) | - | €0 | €-8k | €-1k | €-9k | ▼ 648% |
| Change in cash | - | €-7k | €868 | €3k | €5k | ▲ 56.4% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-32k
Net result drops to €-32k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Lier · 1 establishment unit since 2020
Ground area
597 m²
Building footprint
364 m²
Volume, LiDAR
2,099 m³
2 parcels, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EQ
since 20202.298.942.164
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024F0235/00F002 | Flanders | 363 m² | 1 · 82 m² | 6.9 m · 2 fl. |
| 12021H0058/00B000 | Flanders | 234 m² | 1 · 283 m² | 11.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 191 EUR awarded · 191 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 191 EUR | 191 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,135. 2,654 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
Founded22-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43230Insulation installation
46130Agents in the wholesale of timber and building materials
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
81220Other building cleaning and industrial cleaning
Scores and ratios are computed by Checked and are not a credit decision.