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EQUANS

Active
Public limited companyfounded 198342 yrs activeKoning Albert II-laan 19, 1210 Sint-Joost-ten-Node, BelgiumKBO/BCE: BE 0425.702.910
Summary

The computed 12-month bankruptcy probability of EQUANS is 3.8% (moderate). The 2024 annual accounts show equity of €306.3m and a net result of -€2.3m. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 42% of 334 sector peers (fiscal year 2024). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability54▲+26
Solvency57▲+1
Growth55▼-20
Track record100
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.3 in 2023; short-term debt: 63.4% and cash: 0.2% of total assets), and 68.1% of the assets are financed with debt.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 42 years 0 50 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
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
31.9%
Return on assets
-0.2%
Age of the figures
21 mo
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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
24 d early
2023
8 d early
2022
11 d early
2021
26 d early
2020
18 d early
2019
8 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% 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

On 2 December 1983, EQUANS was incorporated.1 Revenue went from EUR 845 million in 2018 to EUR 1.4 billion in 2024 and headcount from 3,315 to 5,103 full-time equivalents.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€1.37bn▼ 2.1%
2023 · €1.40bn
EBIT margin
-0.2%▲ 1.4pp
2023 · -1.6%
Net result
-€2.3m
2023 · €104.8m
Working capital
€183.2m▼ 2.8%
2023 · €188.5m
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
Line20202021202220232024
Turnover€792.3m▼ 14.6%€906.1m▲ 14.4%€1.00bn▲ 10.4%€1.40bn▲ 39.7%€1.37bn▼ 2.1%
Operating result€2.2m▼ 88.3%€7.8m▲ 261%-€9.7m-€21.7m▼ 125%-€2.2m▲ 90.0%
Net result€2.0m▼ 83.3%€598,589▼ 70.3%-€14.3m€104.8m-€2.3m
EBIT margin0.3%▼ 1.7pp0.9%▲ 0.6pp-1.0%▼ 1.8pp-1.6%▼ 0.6pp-0.2%▲ 1.4pp
Equity€136.7m▲ 1.5%€137.3m▲ 0.4%€123.0m▼ 10.4%€313.8m▲ 155%€306.3m▼ 2.4%
Total assets€585.0m▲ 4.8%€612.0m▲ 4.6%€705.6m▲ 15.3%€997.0m▲ 41.3%€961.5m▼ 3.6%
Debt€425.6m▲ 5.5%€448.9m▲ 5.5%€548.4m▲ 22.2%€637.7m▲ 16.3%€610.5m▼ 4.3%
Working capital€44.7m▼ 15.7%€26.4m▼ 40.9%€11.6m▼ 55.9%€188.5m▲ 1,520%€183.2m▼ 2.8%
Staff (FTE)3,605.5▲ 6.8%3,663▲ 1.6%3,654.3▼ 0.2%5,232.7▲ 43.2%5,103.4▼ 2.5%
Why a figure moved sharply
  • 2023 Equity +155% on 2022. Cause not known from the registers.
  • 2021 Net result -70% on 2020. Cause not known from the registers.
  • 2020 Net result -83% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
-€50.0m€0€50.0m€100.0mOperating result 2020: €2.2m€2.2mNet result 2020: €2.0m€2.0mOperating result 2021: €7.8m€7.8mNet result 2021: €598,589€598,589Operating result 2022: -€9.7m-€9.7mNet result 2022: -€14.3m-€14.3mOperating result 2023: -€21.7m-€21.7mNet result 2023: €104.8m€104.8mOperating result 2024: -€2.2m-€2.2mNet result 2024: -€2.3m-€2.3m20202021202220232024-€50m€0€50m€100mOperating result 2022: -€9.7m-€9.7mNet result 2022: -€14.3m-€14mOperating result 2023: -€21.7m-€22mNet result 2023: €104.8m€105mOperating result 2024: -€2.2m-€2.2mNet result 2024: -€2.3m-€2.3m202220232024
The operating result stays negative: a loss of €2.2m in 2024 against €21.7m in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €961.5m
Fixed assets €169.0m ▼ 1.8%
Current assets €792.5m ▼ 3.9%
Equity and liabilities €961.5m
Equity €306.3m ▼ 2.4%
Provisions €44.7m ▼ 1.9%
Debt €610.5m ▼ 4.3%
Debt's share of the balance-sheet total falls from 64.0% to 63.5%. Equity and debt are lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€21.8m▲
2023 · €195,204
Cash flow
€21.7m▼
2023 · €126.7m
Current ratio
1.30▲
2023 · 1.30
Quick ratio
1.28▲
2023 · 1.28
Debt to equity
1.99▼
2023 · 2.03
ROE
-0.7%▼
2023 · 33.4%
ROA
-0.2%▼
2023 · 10.5%
Interest coverage
13.60▲
2023 · 0.08
Debt ≤ 1 year
€609.3m▼
2023 · €636.4m
Debt > 1 year
€130,945▼
2023 · €151,190
Income taxes
€8.5m▲
2023 · €2.2m
Staff costs
€463.5m▲
2023 · €430.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 147 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 94% are still going.

  • Large
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
4.1% stopped otherwise
94% still going

A further 1.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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 147 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 · 112 lines
Balance sheet Code20232024
Assets
Total assets20/58€997.0m€961.5m▼
Formation expenses20€6,786€5,648▼
Fixed assets21/28€172.2m€169.0m▼
Intangible fixed assets21€10.9m€20.0m▲
Tangible fixed assets22/27€116.8m€106.2m▼
Land and buildings22€67.3m€65.1m▼
Plant, machinery and equipment23€14.5m€15.0m▲
Furniture and vehicles24€22.9m€17.5m▼
Leasing and similar rights25€60,939€48,192▼
Other tangible fixed assets26€1.6m€386,794▼
Assets under construction and advance payments27€10.4m€8.3m▼
Financial fixed assets28€44.5m€42.8m▼
Affiliated companies280/1€42.1m€41.0m▼
Participating interests280€42.1m€41.0m▼
Companies linked by participating interests282/3€2.0m€1.3m▼
Participating interests282€1.2m€660,621▼
Amounts receivable283€776,201€683,946▼
Other financial fixed assets284/8€419,744€443,608▲
Shares284€49,397€51,397▲
Amounts receivable and cash guarantees285/8€370,347€392,210▲
Current assets29/58€824.8m€792.5m▼
Stocks and contracts in progress3€13.4m€11.7m▼
Stocks30/36€13.4m€11.7m▼
Raw materials and consumables30/31€13.4m€11.7m▼
Amounts receivable within one year40/41€694.6m€661.4m▼
Trade receivables40€668.6m€637.4m▼
Other amounts receivable41€26.0m€24.0m▼
Current investments50/53€114.0m€113.3m▼
Other investments51/53€114.0m€113.3m▼
Cash at bank and in hand54/58€1.2m€1.9m▲
Deferred charges and accrued income490/1€1.6m€4.2m▲
Equity and liabilities
Total equity and liabilities10/49€997.0m€961.5m▼
Equity10/15€313.8m€306.3m▼
Contributions10/11€127.2m€127.2m=
Capital10€126.7m€126.7m=
Issued capital100€126.7m€126.7m=
Outside capital11€501,667€501,667=
Share premium1100/10€501,667€501,667=
Reserves13€36.3m€36.2m▼
Non-distributable reserves130/1€12.8m€12.8m=
Legal reserve130€12.7m€12.7m=
Reserves not available under the articles1311€124,496€124,496=
Other1319€46,082€46,082=
Tax-exempt reserves132€10.4m€6.8m▼
Distributable reserves133€13.0m€16.5m▲
Profit (loss) carried forward14€150.3m€143.0m▼
Provisions and deferred taxes16€45.6m€44.7m▼
Provisions for liabilities and charges160/5€44.6m€43.8m▼
Pensions and similar obligations160€3.4m€3.3m▼
Other liabilities and charges164/5€41.2m€40.5m▼
Deferred taxes168€977,262€927,138▼
Amounts payable17/49€637.7m€610.5m▼
Amounts payable after more than one year17€151,190€130,945▼
Financial debts170/4€71,765€54,081▼
Leasing and similar obligations172€71,765€54,081▼
Other amounts payable178/9€79,425€76,864▼
Amounts payable within one year42/48€636.4m€609.3m▼
Current portion of amounts payable after more than one year42€22,870€15,916▼
Financial debts43€563€27,544▲
Other loans439€563€27,544▲
Trade debts44€260.0m€201.4m▼
Suppliers440/4€260.0m€201.4m▼
Advances received on contracts in progress46€243.3m€265.5m▲
Taxes, remuneration and social security45€115.4m€133.0m▲
Taxes450/3€15.7m€17.0m▲
Remuneration and social security454/9€99.7m€116.0m▲
Other amounts payable47/48€17.6m€9.4m▼
Accrued charges and deferred income492/3€1.2m€1.1m▼
Income statement Code20232024
Operating income70/76A€1.48bn€1.47bn▼
Turnover70€1.40bn€1.37bn▼
Own construction capitalised72€2.9m€3.2m▲
Other operating income74€79.2m€98.5m▲
Non-recurring operating income76A€33,479€886,250▲
Operating charges60/66A€1.50bn€1.47bn▼
Goods for resale, raw materials and consumables60€836.1m€762.7m▼
Purchases600/8€836.9m€761.1m▼
Change in stocks: decrease (increase)609-€842,004€1.6m▲
Services and other goods61€195.4m€206.7m▲
Remuneration, social security and pensions62€430.4m€463.5m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21.9m€24.0m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€49,381€2.5m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€7.4m-€939,225▼
Other operating charges640/8€3.9m€5.1m▲
Non-recurring operating charges66A€5.8m€8.3m▲
Operating profit (loss)9901-€21.7m-€2.2m▲
Financial income75/76B€143.8m€13.5m▼
Recurring financial income75€6.0m€13.3m▲
Income from financial fixed assets750€1.2m€9.0m▲
Income from current assets751€1.2m€2.6m▲
Other financial income752/9€3.6m€1.6m▼
Non-recurring financial income76B€137.7m€180,000▼
Financial charges65/66B€15.1m€5.1m▼
Recurring financial charges65€7.6m€5.1m▼
Debt charges650€2.4m€1.6m▼
Other financial charges652/9€5.2m€3.5m▼
Non-recurring financial charges66B€7.5m-
Profit (loss) for the period before taxes9903€106.9m€6.2m▼
Transfer from deferred taxes780€1,826€50,125▲
Income taxes67/77€2.2m€8.5m▲
Taxes670/3€2.5m€8.8m▲
Tax adjustments and reversals of tax provisions77€348,390€286,882▼
Profit (loss) for the period9904€104.8m-€2.3m▼
Transfer from tax-exempt reserves789€2.9m€3.6m▲
Profit (loss) for the period to be appropriated9905€107.6m€1.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€167.1m€151.6m▼
Profit (loss) brought forward from the previous period14P€59.4m€150.3m▲
Transfer to equity691/2€4.2m€3.4m▼
To the legal reserve6920€1.3m-
To other reserves6921€2.9m€3.4m▲
Profit to be distributed694/7€12.6m€5.2m▼
Return on contributions (dividend)694€12.6m€5.2m▼
Social balance
Average headcount (FTE)90875,232.75,103.4▼

The notes to these accounts (132 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€955.6m€1.09bn€1.48bn€1.47bn▼ 0.6%
Turnover70€792.3m€906.1m€1.00bn€1.40bn€1.37bn▼ 2.1%
Own construction capitalised72-€3.1m€3.4m€2.9m€3.2m▲ 10.1%
Other operating income74-€46.4m€86.1m€79.2m€98.5m▲ 24.4%
Non-recurring operating income76A---€33,479€886,250▲ 2,547%
Operating charges60/66A-€947.8m€1.10bn€1.50bn€1.47bn▼ 1.9%
Goods for resale, raw materials and consumables60-€562.2m€650.1m€836.1m€762.7m▼ 8.8%
Purchases600/8-€563.1m€650.9m€836.9m€761.1m▼ 9.1%
Change in stocks: decrease (increase)609--€909,808-€866,132-€842,004€1.6m▲ 287%
Services and other goods61-€95.5m€133.3m€195.4m€206.7m▲ 5.8%
Remuneration, social security and pensions62-€265.1m€287.1m€430.4m€463.5m▲ 7.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13.9m€14.5m€16.3m€21.9m€24.0m▲ 9.2%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€186,669€44,983-€49,381€2.5m▲ 5,174%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€1.1m€7.1m€7.4m-€939,225▼ 113%
Other operating charges640/8-€5.2m€3.6m€3.9m€5.1m▲ 29.5%
Non-recurring operating charges66A-€4.1m€2.0m€5.8m€8.3m▲ 43.3%
Operating profit (loss)9901€2.2m€7.8m-€9.7m-€21.7m-€2.2m▲ 90.0%
Financial income75/76B-€2.9m€3.0m€143.8m€13.5m▼ 90.6%
Recurring financial income75€2.0m€2.9m€3.0m€6.0m€13.3m▲ 120%
Income from financial fixed assets750-€1.7m€621,591€1.2m€9.0m▲ 630%
Income from current assets751--€17,437€1.2m€2.6m▲ 118%
Other financial income752/9-€1.2m€2.4m€3.6m€1.6m▼ 54.9%
Non-recurring financial income76B--€7,399€137.7m€180,000▼ 99.9%
Financial charges65/66B-€2.9m€6.3m€15.1m€5.1m▼ 66.4%
Recurring financial charges65€3.7m€2.8m€6.3m€7.6m€5.1m▼ 33.2%
Debt charges650€649,802€599,305€1.4m€2.4m€1.6m▼ 34.3%
Other financial charges652/9-€2.2m€5.0m€5.2m€3.5m▼ 32.8%
Non-recurring financial charges66B-€125,000-€7.5m--
Profit (loss) for the period before taxes9903€3.4m€7.8m-€13.0m€106.9m€6.2m▼ 94.2%
Transfer from deferred taxes780---€1,826€50,125▲ 2,645%
Income taxes67/77€1.4m€7.2m€1.3m€2.2m€8.5m▲ 294%
Taxes670/3-€7.2m€1.8m€2.5m€8.8m▲ 251%
Tax adjustments and reversals of tax provisions77--€480,473€348,390€286,882▼ 17.7%
Profit (loss) for the period9904€2.0m€598,589-€14.3m€104.8m-€2.3m▼ 102%
Transfer from tax-exempt reserves789--€747,600€2.9m€3.6m▲ 25.0%
Profit (loss) for the period to be appropriated9905€13,002€598,589-€13.6m€107.6m€1.3m▼ 98.8%
Line20202021202220232024Change
Assets
Total assets20/58€585.0m€612.0m€705.6m€997.0m€961.5m▼ 3.6%
Formation expenses20€10,200€9,062€7,924€6,786€5,648▼ 16.8%
Fixed assets21/28€116.2m€139.0m€146.4m€172.2m€169.0m▼ 1.8%
Intangible fixed assets21€5.2m€3.7m€4.5m€10.9m€20.0m▲ 84.0%
Tangible fixed assets22/27€74.7m€90.8m€98.7m€116.8m€106.2m▼ 9.0%
Land and buildings22-€36.6m€45.2m€67.3m€65.1m▼ 3.4%
Plant, machinery and equipment23-€12.5m€12.8m€14.5m€15.0m▲ 3.5%
Furniture and vehicles24-€25.7m€29.7m€22.9m€17.5m▼ 23.8%
Leasing and similar rights25-€86,432€73,685€60,939€48,192▼ 20.9%
Other tangible fixed assets26-€88,453€70,259€1.6m€386,794▼ 76.1%
Assets under construction and advance payments27-€15.9m€10.8m€10.4m€8.3m▼ 20.2%
Financial fixed assets28€36.3m€44.5m€43.2m€44.5m€42.8m▼ 3.9%
Affiliated companies280/1-€40.3m€40.4m€42.1m€41.0m▼ 2.7%
Participating interests280-€40.3m€40.3m€42.1m€41.0m▼ 2.7%
Amounts receivable281--€125,000---
Companies linked by participating interests282/3-€4.0m€2.7m€2.0m€1.3m▼ 32.4%
Participating interests282-€1.3m€1.3m€1.2m€660,621▼ 45.5%
Amounts receivable283-€2.7m€1.3m€776,201€683,946▼ 11.9%
Other financial fixed assets284/8-€162,529€142,709€419,744€443,608▲ 5.7%
Shares284-€4,037€4,037€49,397€51,397▲ 4.0%
Amounts receivable and cash guarantees285/8-€158,492€138,672€370,347€392,210▲ 5.9%
Current assets29/58€468.8m€473.0m€559.2m€824.8m€792.5m▼ 3.9%
Stocks and contracts in progress3€4.9m€5.8m€6.7m€13.4m€11.7m▼ 12.9%
Stocks30/36-€5.8m€6.7m€13.4m€11.7m▼ 12.9%
Raw materials and consumables30/31-€5.8m€6.7m€13.4m€11.7m▼ 12.9%
Amounts receivable within one year40/41€400.9m€460.3m€544.9m€694.6m€661.4m▼ 4.8%
Trade receivables40-€436.8m€533.3m€668.6m€637.4m▼ 4.7%
Other amounts receivable41-€23.6m€11.6m€26.0m€24.0m▼ 7.5%
Current investments50/53€59.1m€2.9m€4.5m€114.0m€113.3m▼ 0.6%
Own shares50-€2.9m€2.9m---
Other investments51/53--€1.6m€114.0m€113.3m▼ 0.6%
Cash at bank and in hand54/58€1.2m€1.7m€250,831€1.2m€1.9m▲ 51.0%
Deferred charges and accrued income490/1-€2.3m€2.8m€1.6m€4.2m▲ 159%
Equity and liabilities
Total equity and liabilities10/49€585.0m€612.0m€705.6m€997.0m€961.5m▼ 3.6%
Equity10/15€136.7m€137.3m€123.0m€313.8m€306.3m▼ 2.4%
Contributions10/11€108.1m€108.1m€108.1m€127.2m€127.2m=
Capital10-€108.1m€108.1m€126.7m€126.7m=
Issued capital100-€108.1m€108.1m€126.7m€126.7m=
Outside capital11---€501,667€501,667=
Share premium1100/10---€501,667€501,667=
Reserves13€16.1m€16.1m€16.1m€36.3m€36.2m▼ 0.4%
Non-distributable reserves130/1-€12.5m€12.5m€12.8m€12.8m=
Legal reserve130-€9.6m€9.6m€12.7m€12.7m=
Reserves not available under the articles1311---€124,496€124,496=
Own shares acquired1312-€2.9m€2.9m---
Other1319-€46,135€46,135€46,082€46,082=
Tax-exempt reserves132-€3.6m€2.8m€10.4m€6.8m▼ 34.4%
Distributable reserves133--€747,600€13.0m€16.5m▲ 26.5%
Profit (loss) carried forward14€12.5m€13.1m-€1.2m€150.3m€143.0m▼ 4.9%
Provisions and deferred taxes16€22.8m€25.8m€34.2m€45.6m€44.7m▼ 1.9%
Provisions for liabilities and charges160/5-€25.8m€34.2m€44.6m€43.8m▼ 1.8%
Pensions and similar obligations160-€5.0m€3.7m€3.4m€3.3m▼ 3.6%
Other liabilities and charges164/5-€20.8m€30.5m€41.2m€40.5m▼ 1.7%
Deferred taxes168---€977,262€927,138▼ 5.1%
Amounts payable17/49€425.6m€448.9m€548.4m€637.7m€610.5m▼ 4.3%
Amounts payable after more than one year17€208,894€193,955€178,151€151,190€130,945▼ 13.4%
Financial debts170/4-€104,286€88,482€71,765€54,081▼ 24.6%
Leasing and similar obligations172-€104,286€88,482€71,765€54,081▼ 24.6%
Other amounts payable178/9-€89,669€89,669€79,425€76,864▼ 3.2%
Amounts payable within one year42/48€424.1m€446.6m€547.5m€636.4m€609.3m▼ 4.3%
Current portion of amounts payable after more than one year42-€11,283€19,618€22,870€15,916▼ 30.4%
Financial debts43-€2.5m€47.2m€563€27,544▲ 4,792%
Other loans439-€2.5m€47.2m€563€27,544▲ 4,792%
Trade debts44€179.8m€188.1m€242.2m€260.0m€201.4m▼ 22.6%
Suppliers440/4-€188.1m€242.2m€260.0m€201.4m▼ 22.6%
Advances received on contracts in progress46-€179.3m€168.0m€243.3m€265.5m▲ 9.1%
Taxes, remuneration and social security45-€72.5m€86.3m€115.4m€133.0m▲ 15.3%
Taxes450/3-€7.6m€13.2m€15.7m€17.0m▲ 8.2%
Remuneration and social security454/9-€64.9m€73.1m€99.7m€116.0m▲ 16.4%
Other amounts payable47/48-€4.2m€3.7m€17.6m€9.4m▼ 46.7%
Accrued charges and deferred income492/3-€2.1m€735,297€1.2m€1.1m▼ 4.5%
Line20202021202220232024Change
Profit (loss) for the period9904€2.0m€598,589-€14.3m€104.8m-€2.3m▼ 102%
+ Depreciation and write-downs630€13.9m€14.5m€16.3m€21.9m€24.0m▲ 9.2%
Operating cash flow (approximation)€15.9m€15.1m€2.0m€126.7m€21.7m▼ 82.9%
Investment in fixed assets (approximation)--€37.3m-€23.7m-€47.7m-€20.8m▲ 56.4%
Change in cash-€428,500-€1.4m€983,585€629,014▼ 36.0%

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

2025
07-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
23-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Back to profitnet €104.8m
Net result €104.8m after one loss-making year.
31-12
Financial Equity above €250mEq €313.8m ▲155%
Equity rises from €123.0m to €313.8m.
20-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial Weakest financial yearnet -€14.3m
Net result drops to -€14.3m, the lowest in the series; recovery starts the following year.
05-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
13-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
23-07
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
23-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Show earlier events
2016
22-07
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2014
25-11
State Gazette act Incorporation · Founder
Founding capital · Corporate purpose
25-11
State Gazette act Incorporation · Founder
Founding capital · Corporate purpose
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 121 acts read
About the unread acts

We know of 121 Belgian State Gazette acts for this company. None of them has 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
121 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, Sint-Joost-ten-Node · 26 establishment units since 1983
seat establishment approximate 25 of 26 establishment units on the map
Ground area
62.7 ha
Building footprint
8.7 ha
Volume, LiDAR
949,598 m³
25 parcels, Brussels, Flanders, Wallonia · tallest building 53.4 m, ±14 floors. Linked by address, not a title deed.
168 companies at this address See who is registered here
26 establishment units
EQUANS
Rue Altiero Spinelli 1, 1401 NivellesManufacture of machinery and equipment not elsewhere classified
since 19832.001.652.606
EQUANS
Koning Albert II-laan 19, 1210 Sint-Joost-ten-NodeNACE 1120002
since 19832.023.630.628
EQUANS
Sint-Jansveld 7, 2160 WommelgemNACE 45331
since 19852.102.491.529
EQUANS
Industrieweg 70, 8800 RoeselareNACE 28520
since 19872.033.753.666
EQUANS
Industrieweg 16, 1850 GrimbergenNACE 1120002
since 19882.023.630.529
EQUANS
Vitshoekstraat 5, 2070 Beveren-Kruibeke-ZwijndrechtNACE 1120002
since 19882.023.630.727
Show 20 more locations
EQUANS
Skaldenstraat 62, 9042 GentNACE 1120002
since 19882.023.631.123
EQUANS
Avenue de l'Indépendance 21, 4020 LiègeNACE 4532001
since 19962.102.491.925
EQUANS
Nijverheidslaan 61, 8560 WevelgemNACE 2971001
since 19962.102.491.826
EQUANS
Stadsheide 43, 3500 HasseltManufacture of machinery and equipment not elsewhere classified
since 20012.095.225.635
EQUANS
Rue de Condé (Bas) 98, 7971 BeloeilNACE 4521504
since 20032.288.775.376
EQUANS
Dobbelenbergstraat 8B, 1130 BrusselNACE 63122
since 20042.145.666.526
EQUANS
Kontichsesteenweg 25B, 2630 AartselaarNACE 1120002
since 20042.145.653.559
EQUANS
Henry Fordlaan 33, 3600 GenkNACE 1120002
since 20042.145.664.150
EQUANS
Chaussée de Tubize 489, 1420 Braine-l'AlleudNACE 1120002
since 20042.145.670.682
EQUANS
Centrum-Zuid 3020, 3530 Houthalen-HelchterenManufacture of machinery and equipment not elsewhere classified
since 20042.145.673.454
EQUANS
Leo Bosschartlaan 1, 2660 AntwerpenNACE 1120002
since 20042.145.680.382
EQUANS
Rue des Anglais 7, 4430 AnsNACE 1120002
since 20052.145.391.956
EQUANS
Bosstraat 67, 3560 LummenManufacture of machinery and equipment not elsewhere classified
since 20052.153.370.801
EQUANS
Rue du Tronquoy, ZI, Nov. 12, 5380 FernelmontConstruction of utility projects for electricity and telecommunications
since 20142.254.341.267
EQUANS
Vantegemstraat 39, 9230 WetterenMining support service activities
since 20162.259.575.606
EQUANS
Avenue Robert Schuman 112, 1401 NivellesManufacture of fabricated metal products, except machinery and equipment
since 20182.299.468.340
EQUANS
Rue Emile Vandervelde 209, 4860 PepinsterConstruction of utility projects for electricity and telecommunications
since 20192.288.774.683
EQUANS
Chaussée de Gilly(FL) 263, 6220 FleurusManufacture of fabricated metal products, except machinery and equipment
since 20192.299.653.729
EQUANS
Humaniteitslaan 231, 1620 DrogenbosGeneral electrical installation work
since 20252.381.065.235
EQUANS
Haïfastraat 5, 2030 AntwerpenManufacture of fabricated metal products, except machinery and equipment
since 20262.389.684.971
25 parcels
Flanders 15 (60%) Wallonia 8 (32%) Brussels 2 (8%)
Parcel (capakey) Region Area Buildings Height / fl.
44813B0194/00Y002 Flanders 22.1 ha 1 · 7,357 m² 10.0 m · 3 fl.
11382C0010/00G003 Flanders 11.3 ha 1 · 7,387 m² 37.1 m · 11 fl.
23025I0013/00T003 Flanders 6.5 ha 1 · 1.7 ha 12.9 m · 4 fl.
11056H0776/00F002 Flanders 4.1 ha 1 · 5,065 m² -
11001B0016/00N000 Flanders 2.5 ha 1 · 9,746 m² 14.2 m · 3 fl.
71304E0731/00F003 Flanders 2.0 ha 1 · 2,909 m² 10.9 m · 2 fl.
25004A0023/00K002 Wallonia 1.7 ha 1 · 3,062 m² 7.9 m · 2 fl.
42025G1359/00A000 Flanders 1.7 ha 1 · 6,311 m² 13.1 m · 4 fl.
62332B0145/00V000 Wallonia 1.7 ha 1 · 3,878 m² 13.1 m · 4 fl.
25743G0175/00G000 Wallonia 1.4 ha 1 · 4,350 m² 8.6 m · 2 fl.
63083B0052/00X002 Wallonia 1.1 ha - -
36505A0179/00K000 Flanders 7,377 m² 1 · 1,043 m² 7.8 m · 2 fl.
51007C0718/00X002 Wallonia 7,109 m² 1 · 1,137 m² 7.8 m · 2 fl.
71037C2826/00E000 Flanders 6,921 m² 1 · 1,019 m² 16.8 m · 4 fl.
62113B0466/00L000 Wallonia 6,070 m² 1 · 1,114 m² 7.0 m · 2 fl.
21821A0170/00T000 Brussels 5,481 m² 1 · 2,211 m² 10.3 m · 2 fl.
34029B0443/00D000 Flanders 5,029 m² 1 · 1,925 m² 9.6 m · 3 fl.
71322A0235/00K000 Flanders 4,948 m² 1 · 1,626 m² 7.6 m · 2 fl.
11052C0187/00Z002 Flanders 4,735 m² 1 · 1,718 m² 12.1 m · 2 fl.
22001A0006/00B002 Flanders 3,980 m² 1 · 1,751 m² 9.5 m · 3 fl.
72015C0744/00E000 Flanders 3,882 m² 1 · 1,364 m² 7.5 m · 1 fl.
25004A0023/00H010 Wallonia 3,819 m² 1 · 682 m² 15.0 m · 4 fl.
11807G1681/00D000 Flanders 2,948 m² 1 · 2,080 m² 24.1 m · 3 fl.
21014A0003/00M022 Brussels 2,542 m² 1 · 1,816 m² 53.4 m · 14 fl.
52332B0521/00E016indicative Wallonia 1,000 m² 1 · 198 m² 7.7 m · 2 fl.
Linked by address, not proof of ownership
Good to know
24 of 25 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group BOUYGUES 5 companies Group, risk and exposure

Owners and holdings

2 owners · 19 holdings · 17 subsidiaries in the tree

Chain of control

  1. Equans Holding Belux 100%
  2. EQUANS

Highest known parent: Equans Holding Belux. The sources do not say who stands above it.

Owners 2

Holdings 19

Show 9 more holdings
Stated earlier (4)

An older source named these holdings; newer accounts no longer list them.

All subsidiaries, including indirect ones 17

Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.

According to the 2024 annual accounts of EQUANS 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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 16 entries · 662,588 EUR awarded · 629,635 EUR paid
Year Entries awardedpaid
2025 4 122,169 EUR122,169 EUR
2024 5 183,077 EUR181,179 EUR
2023 3 192,832 EUR192,832 EUR
2022 4 164,510 EUR133,455 EUR
Schemes
4 entries · 329,490 EUR · 329,490 EUR paid · Departement Werk en Sociale Economie
4 entries · 195,253 EUR · 195,253 EUR paid · Departement Werk en Sociale Economie
2 entries · 47,405 EUR · 47,405 EUR paid · Departement Werk en Sociale Economie
1 entry · 31,055 EUR · Vlaams Energie- en Klimaatagentschap
1 entry · 25,035 EUR · 23,137 EUR paid · Agentschap Wegen en Verkeer
Show 3 more
2 entries · 22,600 EUR · 22,600 EUR paid · Departement Werk en Sociale Economie
1 entry · 8,750 EUR · 8,750 EUR paid · Departement Werk en Sociale Economie
1 entry · 3,000 EUR · 3,000 EUR paid · Departement Werk en Sociale Economie

European Union, budget

2023 · 2 entries · 4,400 EUR in total
Year Entries awarded
2023 2 4,400 EUR
Projects
GEEL EQUANS IPC (INDUSTRIAL PC)
Horizon Europe · 27-10-2022 to 14-01-2023 · 4,400 EUR

European research

1 project · 743,505 EUR EU contribution
Programmes
1 entry · 743,505 EUR
Projects
SEA-TITAN: Surging Energy Absorption Through Increasing Thrust And efficieNcy
Horizon 2020 · participant · 01-04-2018 to 30-09-2021 · 743,505 EUR · SEA-TITAN

Recognitions · licences · registrations

Recognised contractor

46 categories
EQUANS NV01671
category C, class 8 · category C1, class 8 · category C2, class 8 · category C3, class 6 · category C5, class 5 · category C6, class 8 · category C7, class 7 · category D, class 7 · category D1, class 7 · category D16, class 8 · category D17, class 8 · category D18, class 8 · category D4, class 7 · category E, class 8 · category E1, class 8 · category F, class 8 · category F1, class 8 · category F2, class 8 · category F3, class 8 · category G, class 5 · category H, class 8 · category H2, class 8 · category K, class 8 · category K1, class 8 · category K2, class 7 · category K3, class 8 · category L, class 8 · category L1, class 8 · category L2, class 8 · category M, class 7 · category M1, class 8 · category N, class 8 · category N2, class 8 · category P1, class 8 · category P2, class 8 · category P3, class 8 · category P4, class 8 · category S, class 8 · category S1, class 8 · category S2, class 8 · category S3, class 8 · category S4, class 8 · category T2, class 6 · category T3, class 8 · category U, class 8 · category V, class 8
decision 17-06-2024

Dual-learning approval

31 live approvals · 23 ended
Elektrische installaties duaal (so)
Goedgekeurd · 2022 to 2027
Elektrotechnicus (vwo)
Goedgekeurd · 2024 to 2029
Elektrotechnicus (vwo)
Goedgekeurd · 2022 to 2027
Elektrotechnicus (vwo)
Goedgekeurd · 2023 to 2028
Elektrotechnicus duaal (so)
Goedgekeurd · 2024 to 2029
Elektrotechnicus duaal (so)
Goedgekeurd · 2022 to 2027
Show 25 more
Elektrotechnicus duaal (so)
Goedgekeurd · 2023 to 2028
Elektrotechnieken duaal (so)
Goedgekeurd · 2024 to 2029
Elektrotechnisch installateur (vwo)
Goedgekeurd · 2022 to 2027
Installateur elektrotechnische basiscomponenten duaal (so)
Goedgekeurd · 2023 to 2028
Installateur elektrotechnische basiscomponenten duaal (so)
Goedgekeurd · 2024 to 2029
Installateur elektrotechnische basiscomponenten duaal (so)
Goedgekeurd · 2024 to 2029
Lassen-constructie duaal (so)
Goedgekeurd · 2023 to 2028
Lasser-monteerder (vwo)
Goedgekeurd · 2025 to 2030
Lasser-monteerder duaal (so)
Goedgekeurd · 2025 to 2030
Logistiek duaal (so)
Goedgekeurd · 2026 to 2031
Magazijnmedewerker (vwo)
Goedgekeurd · 2025 to 2030
Magazijnmedewerker duaal (so)
Goedgekeurd · 2025 to 2030
Mechanische vormgeving duaal (so)
Goedgekeurd · 2024 to 2029
Monteur sanitaire en verwarmingsinstallaties duaal (so)
Goedgekeurd · 2023 to 2028
Omsteller verspaning en monteerder-afregelaar duaal (so)
Goedgekeurd · 2023 to 2028
Onderhoudsmonteur (vwo)
Goedgekeurd · 2024 to 2029
Pijpfitter-fabriceur (vwo)
Goedgekeurd · 2022 to 2027
Pijpfitter-fabriceur (vwo)
Goedgekeurd · 2023 to 2028
Pijpfitter-fabriceur duaal (so)
Goedgekeurd · 2022 to 2027
Pijpfitter-fabriceur duaal (so)
Goedgekeurd · 2023 to 2028
Preventief onderhoud machines en installaties duaal (so)
Goedgekeurd · 2024 to 2029
Sanitaire en verwarmingsinstallaties duaal (so)
Goedgekeurd · 2023 to 2028
Technicus installatietechnieken (vwo)
Goedgekeurd · 2023 to 2028
Technicus installatietechnieken duaal (so)
Goedgekeurd · 2023 to 2028
Vakman installatietechnieken (vwo)
Goedgekeurd · 2023 to 2028
Show 23 ended approvals
Koelinstallaties duaal (so)
discontinued · 2024 to 2026
Technicus koelinstallaties duaal (so)
discontinued · 2024 to 2026
Elektrotechnicus (vwo)
ended · 2020 to 2025
Elektrotechnicus duaal (so)
ended · 2020 to 2025
Industrieel elektrotechnisch installateur (so)
discontinued · 2024 to 2025
Installateur gebouwenautomatisering duaal (so)
discontinued · 2023 to 2025
Lasser-monteerder (vwo)
ended · 2020 to 2025
Lasser-monteerder duaal (so)
ended · 2020 to 2025
Technicus domotica (so)
discontinued · 2024 to 2025
Elektrotechnicus (vwo)
ended · 2019 to 2024
Elektrotechnicus duaal (so)
ended · 2019 to 2024
Elektrotechnicus (vwo)
ended · 2018 to 2023
Elektrotechnicus (vwo)
ended · 2018 to 2023
Elektrotechnicus duaal (so)
ended · 2018 to 2023
Elektrotechnicus duaal (so)
ended · 2018 to 2023
Installateur elektrotechnische basiscomponenten duaal (so)
ended · 2018 to 2023
Installateur gebouwenautomatisering duaal (so)
ended · 2018 to 2023
Koelinstallaties duaal (so)
discontinued · 2023 to 2023
Residentieel elektrotechnisch installateur (so)
ended · 2018 to 2023
Technicus koelinstallaties duaal (so)
discontinued · 2023 to 2023
Elektrische installaties duaal (so)
ended · 2017 to 2022
Elektrotechnisch installateur (vwo)
ended · 2017 to 2022
Industrieel elektrotechnisch installateur (so)
ended · 2017 to 2022

Legal Entity Identifier

549300VWVXR1GOHG0E16
live in the LEI register

Similar companies · same sector, comparable size

Of 1,824 companies in sector 42220 we hold annual accounts for 957. 6 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
Founded02-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
42220Construction of utility projects for electricity and telecommunications
43130Specialised construction activities
43211General electrical installation work
43212Electrical installation work in industrial facilities
Contact
E-invoicing
Reachable via Peppol
Peppol ID 0208:0425702910
Also 9925:BE0425702910
Registered 02-01-2026

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.