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EWA

Active Private limited companyfounded 2017active for 9 yearsMarkt 21, 8700 TieltKBO/BCE: BE 0678.443.239
EWA
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Overview

Lifetime

6 annual accounts with figures on one time axis
peak €104,017 (2025)
€104,017▲ 496%
lowest -€2,802 (2025)
-€2,802▼ €13,565
peak €63,870 (2024)
€61,069▼ 4.4%
€20,366▲ 15.9%
Board4 names since 2020
1 directorADIKTI NUSRET
Documentsfilings and deeds
14-06-202647 days before the deadline
2025micro format
Gross margin from €17,443 to €104,017Loss of €2,802Debts from €17,565 to €20,366

Key points

from the 2025 annual accounts

Filings

6 annual accounts 5 late
AprilJune31 JulyOctober202020222024

The 2024 accounts came latest: 26 days after the end of the period.

Board

1 joined · 1 left

Board changed. Latest change 30-04-2026 · 1 in office.

Position in the sector

-€2,802

Lower net result than 81% of companies in specialised construction. Sector median €10,189 · 35,107 companies.

Checked score

68
Healthy
Financially stronger than 46% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.7% across 47,701 companies (NACE 43, micro).

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 1.7% 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 1.6%▼ -0.1 percentage points vs 01-2025 03-2025: 1.6%● unchanged vs 02-2025 04-2025: 1.7%▲ +0.1 percentage points vs 03-2025 05-2025: 1.7%● unchanged vs 04-2025 06-2025: 1.7%● unchanged vs 05-2025 07-2025: 1.9%▲ +0.2 percentage points vs 06-2025 08-2025: 2.7%▲ +0.8 percentage points vs 07-2025highest value 09-2025: 0.9%▼ -1.8 percentage points vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.8%▼ -0.1 percentage points vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.5%▼ -0.3 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026lowest value 07-2026: 0.6%▲ +0.1 percentage points vs 06-2026 08-2026: 0.8%▲ +0.2 percentage points vs 07-2026 09-2026: 0.8%● unchanged vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026 11-2026: 0.8%● unchanged vs 10-2026

Financial strength
Strong

100=equity 75.0% of total assets
60=short-term debt 21.6% · cash 14.2%
29-42return on assets -3.4%

Score breakdown

raises risk
Size: turnover €164,884, total assets €81,435
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 4.64, cash €11,527
Figures for financial year 2025 (filed on 14-06-2026)
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 81% of them on solvency, 58% on liquidity, 16% on profitability and 29% on growth.

The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 3,440 companies had the same profile as EWA has now. Each dot stands for 9 companies, two years later.

90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a small loss

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

That fits the bankruptcy probability of EWA itself: 0.8% within 12 months.

Test of the method

The method was tested on the 497,447 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 3,440 companies, not a prediction for EWA. 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.

Credit verdict

Credit of up to €4,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 4.64 (4.64 in 2024), above the usual 1.5. Short-term debt is 21.6% and cash 14.2% of total assets. 25% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 4.64, cash €11,527
NBB · annual accounts
raises risk · Size: turnover €164,884, total assets €81,435
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed on 14-06-2026)
NBB · annual accounts
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 14-06-2026, 47 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
47 days early
2024
26 days late
2023
21 days late
2022
4 days late
2021
4 days late
2020
24 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 5 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

KI
Kovacs ISTVAN ZOLTAN
Director
  • Kovacs ISTVAN ZOLTAN 100 sharesdeed of 14-07-2026
Board & ownership

Recent changes

Registered office moved from Willebroek to Tielt New registered office: Markt 21, 8700 TIELT · Previous registered office: Spaarzaamheidsstraat 1A/101, 2830 Willebroek · Resignation: ADIKTI NUSRET (director) · General meeting of 30-04-2026 · Gazette deed
First establishment Rubensstraat 13, Schaerbeek
Registered in the Peppol Directory Reachable for e-invoices through 0208:0678443239
1 director appointed, 1 manager resigning Change of role: ADIKTI Nusret, from manager to director · Appointment: Moore Audit BV (company auditor) · Resignation: SALAZ steven (manager) · General meeting of 31-03-2020 · Gazette deed
All 14 events

Comparable companies

same main activity, similar in size and age
Company
EWA Tielt €81,435 €104,017 75.0% -
ENTREPRISE CICERO Morlanwelz €83,895 €110,176 93.7% -
DS-P Wetteren €79,430 €99,095 23.6% -
SANDER FRIJTERS Antwerp €89,534 €93,907 20.8% -
VDG ELECT Awans €73,048 €98,349 43.2% -
GFPS Zaventem €78,987 €85,524 97.9% -
Lucius Projects Antwerp €85,774 €89,697 -67.7% 0.9

These companies have the same main activity as EWA: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €73,000 and €89,500, founded between 2016 and 2018.

Official details

Source: KBO
Status
Active since 05-07-2017Normal situation
Activity
General electrical installation workNACE 43211and 5 others
Establishment unit
2.389.554.5171030 Schaerbeek, since 30-04-2026
Financial year end
31 December
Peppol
Reachable since 26-12-2025
Company details

Annual accounts 2025

€164,884
€2,802
€61,069▼ 4.4%
€81,435=
Filing
Filed on 14-06-2026, 47 days before the end of the filing period
Financials

Insights on EWA

EWA files the micro format. That format states no turnover. The gross margin rose from €11,706 in 2020 to €104,017 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 14-06-2026, 47 days before the deadline
€164,884
-€2,802
▼ €17,127
-
-
75.0%
▼ 3.4 percentage points
4.64
▲ 0.00

Money flows

of every €100 of turnover, €1.70 was lost in 2025

Balance sheet

balance sheet total €81,435 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

75.0%

Higher than 80% of 35,119 companies in 2025.

4.64

Higher than 83% of 34,493 companies in 2025.

-3.4%

Higher than 18% of 34,694 companies in 2025.

EWA Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: bottom quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220212020
Balance sheet: assets
20/58 81,43581,43563,80973,75161,49823,590
21/28 ---4002,1434,337
22/27 ---4002,1434,337
23 ---01,3433,137
24 ---4008001,200
29/58 81,43581,43563,80973,35159,35419,253
29 50,96250,96257,43156,38134,3514,300
291 50,96250,96257,43156,38134,3514,300
40/41 18,94618,9464,23711,29724,6856,585
40 16,90016,9002,19110,23216,3562,223
41 2,0462,0462,0461,0658,3284,362
54/58 11,52711,5272,1415,6733198,368
Balance sheet: equity and liabilities
10/49 81,43581,43563,80973,75161,49823,590
10/15 61,06963,87053,10749,01036,78213,085
10/11 1,0001,0001,0001,0001,0001,000
100 -----1,000
13 62,43662,43651,67347,57635,34811,650
130/1 100100100100100100
130 -----100
1319 100100100100100-
133 62,33662,33651,57347,47635,24811,550
14 -2,367435435435435435
17/49 20,36617,56510,70224,74124,71510,505
42/48 17,56417,56510,70224,74124,71510,505
44 8,9078,9073,3917,7806,4016,051
440/4 8,9078,9073,3917,7806,4016,051
45 8,6578,6577,31116,96113,3144,453
450/3 8,6578,6577,31116,96113,3144,453
47/48 ----5,0001
492/3 2,802-----
Income statement
70 164,884----0
9900 104,01717,4437,48419,28742,18511,706
60/61 60,866----0
630 --4001,7432,1932,399
640/8 106,8193,1184749941,535973
9901 -2,80214,3256,61016,55038,4568,335
75/76B -2,112-1,9071,001151
75 -2,112-1,9071,001151
65/66B -781453478212155
65 -781453478212155
9903 -2,80215,6566,15717,97839,2448,331
67/77 -4,8922,0605,74910,5472,504
9904 -2,80210,7634,09712,22828,6985,827
9905 -2,80210,7634,09712,22828,6985,827
Appropriation of the result
9906 -2,36711,1984,53112,66329,1325,935
14P 435435435435435-
691/2 -10,7634,09712,22823,6985,500
6921 -10,7634,09712,22823,6985,500
694/7 ----5,000-
695 ----5,000-
Document PDFPDFPDFPDFPDFPDF

The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 14-06-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 14-06-2026 2026-00160367 PDF
31-12-2024 micro format 26-08-2025 2025-00406611 PDF
31-12-2023 micro format 21-08-2024 2024-00364281 PDF
31-12-2022 micro format 04-08-2023 2023-00313276 PDF
31-12-2021 micro format 04-08-2022 2022-20276291 PDF
31-12-2020 micro format 24-08-2021 2021-52400519 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220212020
--7,01018,29340,64910,733
--4,49713,97230,8918,226
--0004,030
09,386-3,5325,354-8,049-
63,87163,87053,10748,61034,6398,748
-1.7%-----
75.0%78.4%83.2%66.5%59.8%55.5%
4.644.645.962.962.401.83
0.330.280.200.500.670.80
-4.6%16.9%7.7%25.0%78.0%44.5%
-3.4%13.2%6.4%16.6%46.7%24.7%
--15.4738.23over 100-
37 days-----
53 days-----

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on EWA

The operating result for 2025 is a loss of €2,802, after a profit of €14,325 in 2024. It is the lowest result since 2020.

Debt's share of the balance-sheet total rises from 21.6% to 25.0%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, last change in April 2026
Kovacs ISTVAN ZOLTAN
Director
appointed by deed of 14-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 02-04-2020

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
Kovacs ISTVAN ZOLTAN
Director
ADIKTI NUSRET
Director (not named in the articles)
Moore Audit
Company auditor
SALAZ steven
Manager
BoardEarliermandate already running before its first mention
Mandates as a list
  • Kovacs ISTVAN ZOLTAN
    • Director, appointed by deed of 14-07-2026, still in office
  • ADIKTI NUSRET
    • Director (not named in the articles), appointed by deed of 02-04-2020, until 30-04-2026
    • Manager, until 02-04-2020
  • Moore Audit
    • Company auditor, appointed by deed of 02-04-2020, until 02-04-2020
  • SALAZ steven
    • Manager, until 02-04-2020

See the board, name and registered office on a given date →

Control

Shareholder
Kovacs ISTVAN ZOLTAN
This company
EWA
Equity €61,069
Loss €2,802 in 2025

Capital

Contribution
€1,000
Source
2025 annual accounts

Articles of association

deed of 02-04-2020 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 18:00

Shareholders

Stated in the deed deed of 14-07-2026 ↗

Network & group

No group

EWA has no parent and no holdings in its annual accounts. Kovacs ISTVAN ZOLTAN is the only director. EWA shares no director with another company.

At the same address

Markt 21, 8700 Tielt · 2 other companies
KEBABYLON
establishment since 18-06-2019
 founded in 2019
0728.596.692
B.C.-TRADING
establishment since 22-09-1994
 founded in 1994
0453.272.090

Timeline

Timeline

14 events since 2017

Deadline for the 2026 accounts: 31-07-2027

2026
Registered office moved from Willebroek to TieltNew registered office: Markt 21, 8700 TIELT · Previous registered office: Spaarzaamheidsstraat 1A/101, 2830 Willebroek · Resignation: ADIKTI NUSRET (director) · General meeting of 30-04-20265 points ▸

Open the deed in the Belgian Official Gazette

Annual accounts 2025 filed NBBmicro format · 47 days before the deadline
First establishment Rubensstraat 13, Schaerbeek
2025
Weakest financial year net -€2,802 The net result drops to -€2,802, the lowest from 2020 to 2025.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0678443239
Annual accounts 2024 filed PDFmicro format · 26 days late
2024
Annual accounts 2023 filed PDFmicro format · 21 days late
2023
Liquidity doubles current ratio 5.96 The current ratio rises from 2.96 to 5.96. Short-term debt falls from €24,741 to €10,702.
Annual accounts 2022 filed PDFmicro format · 4 days late
2022
Annual accounts 2021 filed PDFmicro format · 4 days late
2021
Highest result from 2020 to 2025 net €28,698 ▲393% The operating result of €38,456 and the net result of €28,698 are both a record.
Annual accounts 2020 filed PDFmicro format · 24 days late
2020
1 director appointed, 1 manager resigningChange of role: ADIKTI Nusret, from manager to director · Appointment: Moore Audit BV (company auditor) · Resignation: SALAZ steven (manager) · General meeting of 31-03-202010 points ▸
  • General meeting, 31-03-2020
  • Auditor appointment, Moore Audit BV (company auditor)
  • Legal-form conversion, from general partnership to private limited company
  • Accounting effect, 31-12-2019
  • ADIKTI Nusret holds 45 shares
  • SALAZ steven holds 5 shares
  • Director resignation, ADIKTI Nusret (manager)
  • Director resignation, SALAZ steven (manager)
  • Director appointment, ADIKTI Nusret (director (not named in the articles))
  • Registered office clause, Spaarzaamheidsstraat 1A/101, 2830 Willebroek
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2017
Incorporation PDFpublished on 20-07-2017

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 5 July 2017, EWA was incorporated.1 In 2026 the registered office moved to Tielt.2 Total assets went from €23,590 in 2020 to €81,435 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 14-07-2026
  3. 3National Bank, annual accounts 2020 and 2025

Company details

Identity

Enterprise number
0678.443.239
VAT number
BE 0678.443.239
Peppol ID
0208:0678443239
Other Peppol ID
9925:BE0678443239
Legal form
Private limited company
Status
Active, normal situation
Founded
05-07-2017
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 18:00
deed of 02-04-2020 (in Dutch)
Peppol
Reachable since 26-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
EWA in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-04-2020 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 02-04-2020 (in Dutch)

Activities

NACEBEL 2025
43211 General electrical installation work main activity
43212 Electrical installation work in industrial facilities
43222 Installation of electric heating, air conditioning, cooling and ventilation
43240 Other construction installation
47521 Retail sale of hardware, building materials, paint and glass (general range)
95100 Repair and maintenance of computers and communication equipment
Codes under NACEBEL 2008
43211 Specialised construction activities main activity
43212 Specialised construction activities
43222 Specialised construction activities
43299 Specialised construction activities
47521 Retail trade
95110 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
PurposeThe purpose describes the activities the company may carry out under its articles.
“De vervaardiging,de montage en demontage,de plaatsing,de herstelling en het onderhoud van elektrische en elektrotechnische…”
8 activities
  1. De vervaardiging,de montage en demontage,de plaatsing,de herstelling en het onderhoud van elektrische en elektrotechnische installatie,elektromechanische installaties,verlichting,drijfkracht,telefonie,alarmen beveiligingssystemen,automatisatie,installaties en uitrusting voor telecommunicatie,telematica,elektronica,datacommunicatie,verwarming,domotica,klimaatregeling,diverse specialisaties en dergelijke,de plaatsing van alle toebehoren en randapparatuur in verband hiermee,het uitvoeren van alle bedradingen en bekabelingen;
  2. Onderneming voor de aan- en de verkoop,de groot-en de kleinhandel van alle materialen nodig voor hogervermelde activiteiten;
  3. Alle activiteiten in verband met interieur en decoratie,vormgeving,binnenhuisinrichting,binnenhuisarchitectuur en totaalinrichting,gaande van het ontwerp tot de effectieve realisatie,de uitvoering. coördinatie en begeleiding van renovatie-en totaalprojecten.
  4. Het uitvoeren van algemene aannemingen en diverse deelactiviteiten in de metaal-,bouw- en elektriciteitssector,gaande van de voorbereiding tot de afwerking,inclusief de coördinatiewerken;
  5. Het uitvoeren van de installatie van ventilatie- en stofzuigersystemen
  6. Het uitvoeren gyprocwerken;
  7. Het uitvoeren van isolatiewerken;
  8. Het uitvoeren van werken van betegeling en chapewerken;
deed of 02-04-2020 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Markt 21 registered office 8700 Tielt
Rubensstraat 13 1030 Schaerbeek 30-04-2026 2.389.554.517

Buildings and parcels at the addresses

Ground area
211 m²
Buildings
193 m²
Volume, LiDAR
1,949 m³
Tallest building
17.3 m
Buildings to scale, each on its own parcel
105 m², 12.6 m 89 m², 17.3 m 105 m², 12.6 m 89 m², 17.3 m

Location

registered office establishment The establishment unit on the map
3 companies at this address See who is registered here

Parcels

Flanders 1 (50%) Brussels 1 (50%)
Cadastral parcelRegionArea Buildings Height / floors
37015K0370/00R000Flanders114 m² 1 · 105 m² 12.6 m · 3
21910E0180/00P006Brussels96 m² 1 · 89 m² 17.3 m · 5

Invoicing and payment

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0678.443.239

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