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Eqla

Active
Non-profit associationfounded 1925active for 101 yearsWoluwedal 34, 1200 Sint-Lambrechts-Woluwe, BelgiumKBO/BCE: BE 0406.570.550

Financials · financial year 2025, full format

Annual accounts 2025 filed on 03-06-2026 PDF all 20 filings

Turnover
€131,017▲ 31.8%
2024 · €99,384
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
-€725,502
2024 · €1.2m
Working capital
€5.9m▼ 16.3%
2024 · €7.0m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a loss of €747,500, after a profit of €228,031 in 2024. It is the lowest result since 2021.

Turnover€0.1m 2025 Operating result-€0.7m 2025 Net result-€0.7m 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Social work activities without accommodation (NACE 88). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.07m-€0.05m▼ 32.0%€0.02m▼ 67.2%€0.04m▲ 167%€0.07m▲ 66.0%€0.09m▲ 28.1%€0.1m▲ 7.9%€0.1m▲ 31.8%
Operating result€1.2m--€1.0m-€1.2m▼ 24.9%€0.3m-€0.2m-€0.5m▼ 156%€0.2m-€0.7m
Net result€0.9m--€0.9m-€0.9mbelow the sector's middle half▲ 2.4%€0.4mabove the sector's middle half-€0.5mbelow the sector's middle half-€0.5mbelow the sector's middle half▼ 5.4%€1.2mabove the sector's middle half-€0.7mbelow the sector's middle half
Equity€6.5m-€5.6m▼ 14.5%€4.7mabove the sector's middle half▼ 16.6%€6.0mabove the sector's middle half▲ 29.5%€5.6mabove the sector's middle half▼ 8.0%€5.0mabove the sector's middle half▼ 9.1%€7.3mabove the sector's middle half▲ 43.9%€6.6mabove the sector's middle half▼ 9.5%
Total assets€8.4m-€7.3m▼ 13.0%€6.4mabove the sector's middle half▼ 13.3%€7.7mabove the sector's middle half▲ 20.7%€8.2mabove the sector's middle half▲ 7.1%€7.2mabove the sector's middle half▼ 12.1%€9.1mabove the sector's middle half▲ 25.7%€7.9mabove the sector's middle half▼ 13.1%
Debt€1.6m-€1.5m▼ 3.7%€1.5m▼ 0.8%€1.5m▼ 3.6%€2.5m▲ 69.6%€2.1m▼ 15.7%€1.8m▼ 14.0%€1.3m▼ 29.1%
Working capital€6.2m-€5.2m▼ 16.7%€4.2mabove the sector's middle half▼ 18.9%€5.2mabove the sector's middle half▲ 23.4%€6.1mabove the sector's middle half▲ 16.9%€5.2mabove the sector's middle half▼ 14.0%€7.0mabove the sector's middle half▲ 35.4%€5.9mabove the sector's middle half▼ 16.3%
Solvency77.5%-76.2%▼ 1.3pp73.3%within the sector's middle half▼ 2.9pp78.6%above the sector's middle half▲ 5.3pp67.5%above the sector's middle half▼ 11.1pp69.8%above the sector's middle half▲ 2.3pp79.9%above the sector's middle half▲ 10.1pp83.2%above the sector's middle half▲ 3.3pp
Current ratio13.28-10.33▼ 2.958.00above the sector's middle half▼ 2.339.00above the sector's middle half▲ 1.018.35above the sector's middle half▼ 0.657.88above the sector's middle half▼ 0.469.45above the sector's middle half▲ 1.578.45above the sector's middle half▼ 1.01
Return on assets (ROA)11.2%--12.9%▼ 24.1pp-14.5%below the sector's middle half▼ 1.6pp4.9%within the sector's middle half▲ 19.4pp-5.9%below the sector's middle half▼ 10.7pp-7.0%below the sector's middle half▼ 1.2pp12.7%above the sector's middle half▲ 19.7pp-9.2%below the sector's middle half▼ 21.8pp
Staff (FTE)38.8-42▲ 8.2%43.3within the sector's middle half▲ 3.1%43.9above the sector's middle half▲ 1.4%46.1above the sector's middle half▲ 5.0%50.6above the sector's middle half▲ 9.8%48.4above the sector's middle half▼ 4.3%43.2above the sector's middle half▼ 10.7%
above within below The sector band is the middle half of the companies in Social work activities without accommodation (NACE 88). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.9m
Fixed assets €1.2m ▼ 0.2%
Current assets €6.7m ▼ 15.1%
Equity and liabilities €7.9m
Equity €6.6m ▼ 9.5%
Provisions €36,400 ▲ 264%
Debt €1.3m ▼ 29.1%
Debt's share of the balance-sheet total falls from 20.0% to 16.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€650,688▼
2024 · €322,008
Cash flow
-€628,690▼
2024 · €1.2m
Debt to equity
0.20▼
2024 · 0.25
ROE
-11.0%▼
2024 · 15.8%
Interest coverage
-25.29▼
2024 · 9.88
Debt ≤ 1 year
€792,461▼
2024 · €833,948
Debt > 1 year
€488,713▼
2024 · €576,335
Customer credit
217 days▲
2024 · 147 days
Supplier credit
24 days▲
2024 · 22 days
Staff costs
€3.7m▼
2024 · €3.9m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as Eqla: other social work without accommodation (NACE 88999). They are comparable in size and age: total assets between €2.5m and €10m, founded between 1927 and 1981.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
Eqla Sint-Lambrechts-Woluwe1925€7.9m€6.6m€3.1m€0.1m-€0.7m43.22025
L'Accueil familial Sint-Lambrechts-Woluwe1954€4.5m€2.3m€4.5m-€0.02m63.12025
Het Vlaamse Kruis Mechelen1927€2.9m€1.8m€3.0m€1.5m€0.3m26.52025
Service Social Juif (Aide aux Israelites, Victimes de la Guerre) Sint-Gillis (bij-Brussel)1961€2.5m€1.0m€2.5m€3.7m€0.003m37.32025
ALTEO Brussel1963€5.0m€2.5m€6.7m€2.0m€0.2m742025
Fonds des Affections Respiratoires Brussel1981€5.8m€5.1m€2.9m-€0.2m352025
11.11.11, Koepel van Internationale Solidariteit Sint-Gillis (bij-Brussel)1980€10.5m€5.4m-€0.1m-€0.009m63.72025

They were chosen from the 795 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 8,617 companies had the same profile as Eqla has now. Two years later, 0.4% had gone bankrupt and 94.2% were still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.4% went bankrupt
5.2% stopped otherwise
94.2% was still going

Another 0.2% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of Eqla itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 8,617 companies, not a prediction for Eqla. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Subsidies and aid

Federal government

2023 · 1 entry · €204,318 in total
Year Department Transactions Amount
2023 FOD Beleid & Ondersteuning 1 €204,318

Wallonia-Brussels Federation

2023 to 2025 · 18 entries · €936,091 in total
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines

Source: Annual accounts 2025 (PDF), filed on 03-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€9.1m€7.9m▼
Fixed assets21/28€1.2m€1.2m▼
Tangible fixed assets22/27€1.2m€1.2m=
Land and buildings22€1.2m€1.1m▼
Plant, machinery and equipment23€0.02m€0.05m▲
Furniture and vehicles24€0.02m€0.05m▲
Financial fixed assets28€0.01m€0.01m▼
Current assets29/58€7.9m€6.7m▼
Amounts receivable within one year40/41€0.09m€0.2m▲
Trade receivables40€0.04m€0.08m▲
Other amounts receivable41€0.05m€0.1m▲
Current investments50/53€3.9m€4.9m▲
Cash at bank and in hand54/58€3.9m€1.6m▼
Deferred charges and accrued income490/1€0.01m€0.008m▼
Equity and liabilities
Total equity and liabilities10/49€9.1m€7.9m▼
Equity10/15€7.3m€6.6m▼
Contributions10/11€4.2m€4.2m=
Capital10€4.2m€4.2m=
Profit (loss) carried forward14€3.0m€2.3m▼
Investment grants15-€0.04m
Provisions and deferred taxes16€0.01m€0.04m▲
Provisions for liabilities and charges160/5€0.01m€0.04m▲
Major repairs and maintenance162€0.01m€0.04m▲
Amounts payable17/49€1.8m€1.3m▼
Amounts payable after more than one year17€0.6m€0.5m▼
Financial debts170/4€0.6m€0.5m▼
Amounts payable within one year42/48€0.8m€0.8m▼
Current portion of amounts payable after more than one year42€0.09m€0.09m▲
Trade debts44€0.05m€0.06m▲
Suppliers440/4€0.05m€0.06m▲
Taxes, remuneration and social security45€0.7m€0.6m▼
Taxes450/3€0.1m€0.1m▼
Remuneration and social security454/9€0.6m€0.5m▼
Accrued charges and deferred income492/3€0.4m€0.007m▼
Income statement Code20242025
Turnover70€0.1m€0.1m▲
Membership fees, donations, legacies and grants73€5.0m€3.9m▼
Goods, raw materials, services and sundry goods60/61€0.9m€0.9m▲
Remuneration, social security and pensions62€3.9m€3.7m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.09m€0.1m▲
Other operating charges640/8€0.05m€0.05m▲
Non-recurring operating charges66A€0.006m€0.03m▲
Gross operating margin9900€4.2m€3.1m▼
Operating profit (loss)9901€0.2m-€0.7m▼
Financial income75/76B€1.0m€0.05m▼
Recurring financial income75€1.0m€0.05m▼
Financial charges65/66B€0.03m€0.03m▼
Recurring financial charges65€0.03m€0.03m▼
Profit (loss) for the period before taxes9903€1.2m-€0.7m▼
Profit (loss) for the period9904€1.2m-€0.7m▼
Profit (loss) for the period to be appropriated9905€1.2m-€0.7m▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.0m€2.3m▼
Profit (loss) brought forward from the previous period14P€1.9m€3.0m▲
Social balance sheet
Average headcount (FTE)908748.443.2▼

The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Turnover70€0.07m€0.05m€0.02m€0.04m€0.07m€0.09m€0.1m€0.1m▲ 31.8%
Membership fees, donations, legacies and grants73---€3.9m€4.2m€4.0m€5.0m€3.9m▼ 22.4%
Goods, raw materials, services and sundry goods60/61---€0.8m€1.0m€0.9m€0.9m€0.9m▲ 1.1%
Remuneration, social security and pensions62---€2.7m€3.3m€3.6m€3.9m€3.7m▼ 6.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.09m€0.1m▲ 3.0%
Other operating charges640/8---€0.03m€0.04m€0.03m€0.05m€0.05m▲ 3.1%
Non-recurring operating charges66A---€91€0.001m€0.02m€0.006m€0.03m▲ 445%
Gross operating margin9900---€3.2m€3.3m€3.2m€4.2m€3.1m▼ 26.2%
Operating profit (loss)9901€1.2m-€1.0m-€1.2m€0.3m-€0.2m-€0.5m€0.2m-€0.7m-
Financial income75/76B---€0.1m€0.07m€0.05m€1.0m€0.05m▼ 95.0%
Recurring financial income75€0.05m€0.07m€0.3m€0.1m€0.07m€0.03m€1.0m€0.05m▼ 95.0%
Non-recurring financial income76B-----€0.02m---
Financial charges65/66B---€0.08m€0.4m€0.09m€0.03m€0.03m▼ 21.0%
Recurring financial charges65€0.3m€0.03m€0.03m€0.08m€0.4m€0.09m€0.03m€0.03m▼ 21.0%
Debt charges650€0.02m€0.02m€0.02m------
Profit (loss) for the period before taxes9903€0.9m-€0.9m-€0.9m€0.4m-€0.5m-€0.5m€1.2m-€0.7m-
Profit (loss) for the period9904€0.9m-€0.9m-€0.9m€0.4m-€0.5m-€0.5m€1.2m-€0.7m-
Profit (loss) for the period to be appropriated9905€0.9m-€0.9m-€0.9m€0.4m-€0.5m-€0.5m€1.2m-€0.7m-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€8.4m€7.3m€6.4m€7.7m€8.2m€7.2m€9.1m€7.9m▼ 13.1%
Fixed assets21/28€1.7m€1.6m€1.6m€1.9m€1.4m€1.3m€1.2m€1.2m▼ 0.2%
Intangible fixed assets21€0.003m€0.002m€0.001m------
Tangible fixed assets22/27€1.7m€1.6m€1.6m€1.8m€1.3m€1.3m€1.2m€1.2m=
Land and buildings22---€1.3m€1.3m€1.2m€1.2m€1.1m▼ 5.1%
Plant, machinery and equipment23---€0.1m€0.06m€0.04m€0.02m€0.05m▲ 110%
Furniture and vehicles24---€0.006m€0.007m€0.005m€0.02m€0.05m▲ 233%
Other tangible fixed assets26---€0.4m-----
Financial fixed assets28€0.007m€0.007m€0.009m€0.009m€0.01m€0.01m€0.01m€0.01m▼ 21.0%
Current assets29/58€6.7m€5.7m€4.8m€5.8m€6.9m€6.0m€7.9m€6.7m▼ 15.1%
Amounts receivable within one year40/41€0.2m€0.2m€0.2m€0.2m€0.2m€0.3m€0.09m€0.2m▲ 107%
Trade receivables40---€0.04m€0.06m€0.07m€0.04m€0.08m▲ 94.2%
Other amounts receivable41---€0.1m€0.2m€0.2m€0.05m€0.1m▲ 118%
Current investments50/53€4.1m€4.1m€4.1m€3.9m€3.7m€4.6m€3.9m€4.9m▲ 25.0%
Cash at bank and in hand54/58€2.4m€1.2m€0.5m€1.7m€2.9m€1.1m€3.9m€1.6m▼ 58.6%
Deferred charges and accrued income490/1---€0.02m€0.04m€0.02m€0.01m€0.008m▼ 15.8%
Equity and liabilities
Total equity and liabilities10/49€8.4m€7.3m€6.4m€7.7m€8.2m€7.2m€9.1m€7.9m▼ 13.1%
Equity10/15€6.5m€5.6m€4.7m€6.0m€5.6m€5.0m€7.3m€6.6m▼ 9.5%
Contributions10/11------€4.2m€4.2m=
Capital10------€4.2m€4.2m=
Profit (loss) carried forward14€1.7m€0.8m-€0.1m€2.9m€2.4m€1.9m€3.0m€2.3m▼ 23.9%
Investment grants15-------€0.04m-
Provisions and deferred taxes16€0.3m€0.2m€0.2m€0.2m€0.2m€0.07m€0.01m€0.04m▲ 264%
Provisions for liabilities and charges160/5---€0.06m€0.06m€0.01m€0.01m€0.04m▲ 264%
Major repairs and maintenance162---€0.01m€0.01m€0.01m€0.01m€0.04m▲ 264%
Other liabilities and charges164/5---€0.05m€0.05m----
Amounts payable17/49€1.6m€1.5m€1.5m€1.5m€2.5m€2.1m€1.8m€1.3m▼ 29.1%
Amounts payable after more than one year17€1.1m€1.0m€0.9m€0.8m€0.7m€0.7m€0.6m€0.5m▼ 15.2%
Financial debts170/4---€0.8m€0.7m€0.7m€0.6m€0.5m▼ 15.2%
Amounts payable within one year42/48€0.5m€0.6m€0.6m€0.6m€0.8m€0.8m€0.8m€0.8m▼ 5.0%
Current portion of amounts payable after more than one year42---€0.08m€0.08m€0.08m€0.09m€0.09m▲ 1.9%
Trade debts44€0.05m€0.07m€0.06m€0.07m€0.1m€0.06m€0.05m€0.06m▲ 10.3%
Suppliers440/4---€0.07m€0.1m€0.06m€0.05m€0.06m▲ 10.3%
Taxes, remuneration and social security45---€0.5m€0.6m€0.6m€0.7m€0.6m▼ 7.2%
Taxes450/3---€0.08m€0.1m€0.1m€0.1m€0.1m▼ 7.4%
Remuneration and social security454/9---€0.4m€0.5m€0.5m€0.6m€0.5m▼ 7.1%
Accrued charges and deferred income492/3---€0.001m€0.9m€0.7m€0.4m€0.007m▼ 98.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.9m-€0.9m-€0.9m€0.4m-€0.5m-€0.5m€1.2m-€0.7m-
+ Depreciation and write-downs630€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.09m€0.1m▲ 3.0%
Operating cash flow (approximation)€1.1m-€0.8m-€0.8m€0.5m-€0.3m-€0.4m€1.2m-€0.6m-
Investment in fixed assets (approximation)--€0.008m-€0.09m-€0.4m€0.4m-€0.03m-€0.03m-€0.09m▼ 205%
Change in cash--€1.2m-€0.8m€1.2m€1.3m-€1.8m€2.8m-€2.3m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 03-06-2026 2026-00134444 PDF
31-12-2024 full format 27-05-2025 2025-00107073 PDF
31-12-2023 full format 28-05-2024 2024-00097697 PDF
31-12-2022 full format 06-06-2023 2023-00108315 PDF
31-12-2021 full format 23-05-2022 2022-20033923 PDF
31-12-2020 abbreviated format 06-07-2021 2021-31400512 PDF
31-12-2019 abbreviated format 16-09-2020 2020-53400569 PDF
31-12-2018 abbreviated format 25-06-2019 2019-22200220 PDF
31-12-2017 abbreviated format 10-07-2018 2018-30400226 PDF
31-12-2016 abbreviated format 13-07-2017 2017-31200584 PDF

Show all 20 filings

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