Equity
EWBT has made a profit without a break since 2019.
EWBT has made a profit without a break since 2019.
Of this, €54,040 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 510.1% higher than in 2024.
In 2025, 1 person joined and nobody left.
Short-term debts fell from €93,147 to €54,040.
Six of the last ten came late. The 2016 accounts came latest: 413 days after the end of the period.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 31% of them on solvency, 31% on liquidity, 69% on profitability and 89% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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).
In July 2024, 5,053 companies had the same profile as EWBT has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EWBT itself: 0.5% within 12 months.
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.
| 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 5,053 companies, not a prediction for EWBT. 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.
Liquidity is ample, with a current ratio of 1.53 (0.98 in 2024), above the usual 1.5. Short-term debt is 36.2% and cash 6.1% of total assets. However, 70.8% of the assets are financed with debt and provisions.
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.
The company filed its last 7 accounts on average 8 days before 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.
| Company | ||||
|---|---|---|---|---|
| EWBT Geel | €149,337 | €56,905 | 29.2% | - |
| EWP INDUSTRIAL & ENERGY SOLUTIONS Turnhout | €145,040 | €56,632 | 23.1% | - |
| Timer-Tech Hulshout | €163,884 | €60,188 | 27.1% | - |
| IMALAYA Antwerp | €126,965 | €58,598 | 43.0% | - |
| STEYGO Beerse | €147,847 | €70,618 | 14.0% | - |
| ECOTHERM Ghent | €159,785 | €57,819 | 80.8% | - |
| TELPRO Zedelgem | €158,711 | €52,174 | 53.6% | - |
These companies have the same main activity as EWBT: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €127,000 and €164,000, founded between 2014 and 2016.
EWBT files the micro format. That format states no turnover. The gross margin rose from €8,716 in 2015 to €56,905 in 2025.
The balance sheet grew most from 2020 to 2022 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €220,000. Estimated: probably between €140,000 and €350,000.
Higher than 31% of 35,125 companies in 2025.
Higher than 41% of 34,499 companies in 2025.
Higher than 65% of 34,700 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and nobody left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||
20/58 |
149,337 | 147,278 | 121,960 | 133,630 | 122,307 | 89,668 | 18,404 | 15,290 | 21,552 | 37,112 | 21,242 | |
21/28 |
66,832 | 55,539 | 44,132 | 64,265 | 83,514 | 53,317 | 5,738 | 11,477 | 17,312 | 24,217 | 2,516 | |
22/27 |
66,832 | 55,539 | 44,132 | 64,265 | 83,514 | 53,317 | 5,738 | 11,477 | 17,312 | 24,217 | 2,516 | |
23 |
34,078 | 5,586 | 5,931 | 6,207 | 8,014 | - | - | - | - | - | - | |
24 |
1,602 | 2,663 | 4,078 | 7,054 | 7,616 | 9,774 | 523 | 1,046 | 1,568 | 2,091 | - | |
25 |
31,152 | 47,289 | 34,124 | 51,004 | 67,884 | - | - | - | - | - | - | |
26 |
- | - | - | - | - | - | - | - | 97 | 1,264 | 2,516 | |
29/58 |
82,505 | 91,739 | 77,828 | 69,365 | 38,793 | 36,351 | 12,666 | 3,813 | 4,240 | 12,895 | 18,726 | |
29 |
- | 0 | 16,350 | 15,797 | 15,263 | - | - | - | - | - | - | |
291 |
- | 0 | 16,350 | 15,797 | 15,263 | - | - | - | - | - | - | |
3 |
11,030 | 14,820 | 12,245 | 0 | 4,500 | - | - | - | 500 | 2,800 | - | |
30/36 |
5,030 | 4,820 | 3,845 | - | - | - | - | - | - | - | - | |
37 |
6,000 | 10,000 | 8,400 | 0 | 4,500 | - | - | - | 500 | 2,800 | - | |
40/41 |
57,960 | 64,090 | 42,682 | 52,195 | 14,223 | 10,612 | 6,518 | 3,581 | 2,435 | 2,694 | 6,828 | |
40 |
24,928 | 40,004 | 12,660 | 32,928 | 7,188 | 9,843 | 3,813 | 2,315 | - | - | 4,000 | |
41 |
33,032 | 24,086 | 30,021 | 19,266 | 7,035 | 768 | 2,704 | 1,266 | 2,435 | 2,694 | 2,828 | |
54/58 |
9,163 | 12,638 | 2,643 | 0 | 4,808 | 25,739 | 6,148 | 220 | 1,305 | 7,401 | 11,898 | |
490/1 |
4,351 | 191 | 3,909 | 1,373 | - | - | - | 12 | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||
10/49 |
149,337 | 147,278 | 121,960 | 133,630 | 122,307 | 89,668 | 18,404 | 15,290 | 21,552 | 37,112 | 21,242 | |
10/15 |
43,606 | 24,105 | 18,600 | 48,165 | 46,148 | 39,191 | 974 | -13,529 | 1,637 | 12,492 | 17,368 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | 6,200 | 6,200 | |
13 |
25,006 | 5,505 | 0 | 29,565 | 27,548 | 20,591 | 4,968 | 4,968 | 4,968 | 4,968 | 4,968 | |
130/1 |
- | - | 0 | 250 | 250 | 250 | - | - | - | - | - | |
130 |
- | - | - | - | - | - | 250 | 250 | 250 | 250 | 250 | |
1311 |
- | - | 0 | 250 | 250 | 250 | - | - | - | - | - | |
133 |
25,006 | 5,505 | 0 | 29,315 | 27,298 | 20,341 | 4,718 | 4,718 | 4,718 | 4,718 | 4,718 | |
14 |
- | 0 | 0 | - | - | 0 | -22,594 | -37,097 | -21,932 | -4,876 | - | |
17/49 |
105,732 | 123,173 | 103,360 | 85,464 | 76,159 | 50,477 | 17,430 | 28,819 | 19,915 | 24,620 | 3,874 | |
17 |
51,692 | 30,026 | 17,589 | 34,606 | 50,031 | 32,260 | 10,714 | 6,091 | 11,354 | 16,506 | - | |
170/4 |
51,692 | 30,026 | 17,589 | 34,606 | 50,031 | 32,260 | 10,714 | 6,091 | 11,354 | 16,506 | - | |
42/48 |
54,040 | 93,147 | 85,771 | 50,858 | 26,128 | 18,217 | 6,717 | 22,728 | 8,562 | 8,114 | 2,374 | |
42 |
15,713 | 15,031 | 17,017 | 15,425 | 15,931 | 8,560 | 5,377 | 5,263 | 5,152 | 5,043 | - | |
43 |
- | - | 0 | 2,971 | - | - | - | - | - | - | - | |
430/8 |
- | - | 0 | 2,971 | - | - | - | - | - | - | - | |
44 |
37,728 | 75,182 | 34,919 | 26,515 | 6,775 | 2,726 | 903 | 1,402 | 421 | - | 21 | |
440/4 |
37,728 | 75,182 | 34,919 | 26,515 | 6,775 | 2,726 | 903 | 1,402 | 421 | - | 21 | |
46 |
- | - | 0 | 3,719 | - | - | - | 408 | - | - | - | |
45 |
599 | 2,934 | 1,917 | 2,228 | 3,422 | 3,422 | - | 9,909 | 82 | 2,979 | 2,353 | |
450/3 |
273 | 1,991 | 1,836 | 952 | 3,422 | 3,422 | - | 9,909 | 82 | 2,979 | 2,353 | |
454/9 |
326 | 943 | 81 | 1,277 | - | - | - | - | - | - | - | |
47/48 |
- | 0 | 31,917 | - | 0 | 3,509 | 437 | 5,746 | 2,906 | 92 | - | |
492/3 |
- | - | - | - | - | - | - | - | - | - | 1,500 | |
| Income statement | ||||||||||||
9900 |
56,905 | 36,095 | 31,628 | 36,846 | 27,237 | 46,993 | 21,162 | 3,277 | -7,199 | 3,102 | 8,716 | |
62 |
7,664 | 5,597 | 3,502 | 9,621 | - | - | - | - | - | - | - | |
630 |
21,828 | 20,698 | 21,905 | 20,885 | 17,337 | 3,897 | 5,738 | 5,836 | 6,905 | 6,990 | 2,004 | |
640/8 |
1,312 | 1,432 | 1,268 | 1,577 | 954 | 922 | 520 | 696 | 391 | 373 | 14 | |
9901 |
26,101 | 8,369 | 4,952 | 4,763 | 8,946 | 42,175 | 14,903 | -3,254 | -14,495 | -4,261 | 6,698 | |
75/76B |
456 | 825 | 1,261 | 732 | 263 | 0 | 43 | - | - | - | 95 | |
75 |
456 | 825 | 1,261 | 732 | 263 | 0 | 43 | - | - | - | 95 | |
65/66B |
2,565 | 2,605 | 2,604 | 2,526 | 2,252 | 535 | 443 | 2,599 | 2,561 | 615 | 72 | |
65 |
2,565 | 2,605 | 2,604 | 2,526 | 2,072 | 535 | 443 | 2,599 | 2,561 | 615 | 72 | |
66B |
- | - | - | 0 | 180 | - | - | - | - | - | - | |
9903 |
23,991 | 6,588 | 3,610 | 2,970 | 6,957 | 41,639 | 14,503 | -5,854 | -17,056 | -4,876 | 6,721 | |
67/77 |
4,491 | 1,083 | 1,258 | 952 | 0 | 3,422 | - | 9,312 | - | - | 1,753 | |
9904 |
19,501 | 5,505 | 2,352 | 2,018 | 6,957 | 38,217 | 14,503 | -15,166 | -17,056 | -4,876 | 4,968 | |
9905 |
19,501 | 5,505 | 2,352 | 2,018 | 6,957 | 38,217 | 14,503 | -15,166 | -17,056 | -4,876 | 4,968 | |
| Appropriation of the result | ||||||||||||
9906 |
19,501 | 5,505 | 2,352 | 2,018 | 6,957 | 15,623 | -22,594 | -37,097 | -21,932 | -4,876 | 4,968 | |
14P |
- | - | - | - | 0 | - | - | - | - | - | - | |
791/2 |
- | 0 | 29,565 | - | - | - | - | - | - | - | - | |
691/2 |
19,501 | 5,505 | 0 | 2,018 | 6,957 | 15,623 | - | - | - | - | 4,968 | |
6920 |
- | - | - | - | - | - | - | - | - | - | 250 | |
6921 |
19,501 | 5,505 | 0 | 2,018 | 6,957 | 15,623 | - | - | - | - | 4,718 | |
694/7 |
- | 0 | 31,917 | - | - | - | - | - | - | - | - | |
694 |
- | 0 | 31,917 | - | - | - | - | - | - | - | - | |
| Social balance sheet | ||||||||||||
9087 |
0.8 | 0.4 | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
501 | 375 | - | - | - | - | - | - | - | - | - | |
| Document | ||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 20-08-2026.
2025 annual accounts filed 20 days after the deadline. Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00409220.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-08-2026 | 2026-00409220 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00194602 | |
| 31-12-2023 | micro format | 06-06-2024 | 2024-00112144 | |
| 31-12-2022 | micro format | 28-08-2023 | 2023-00360050 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20093141 | |
| 31-12-2020 | micro format | 18-08-2021 | 2021-49400324 | |
| 31-12-2019 | micro format | 28-07-2020 | 2020-34500395 | |
| 31-12-2018 | micro format | 08-08-2019 | 2019-44400189 | |
| 31-12-2017 | micro format | 17-09-2018 | 2018-63000485 | |
| 31-12-2016 | micro format | 17-09-2018 | 2018-63000484 | |
| 31-12-2015 | abbreviated format | 09-06-2016 | 2016-16000578 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 47,929 | 29,066 | 26,857 | 25,649 | 26,284 | 46,072 | 20,642 | 2,581 | -7,590 | 2,729 | 8,702 | ||
| 41,329 | 26,202 | 24,257 | 22,903 | 24,294 | 42,114 | 20,241 | -9,330 | -10,151 | 2,114 | 6,973 | ||
| 33,122 | 50,225 | 1,773 | 1,636 | 47,534 | 56,692 | 0 | 0 | 0 | 28,692 | 4,520 | ||
| -3,475 | 9,995 | 2,643 | -4,808 | -20,932 | 19,591 | 5,929 | -1,086 | -6,095 | -4,497 | - | ||
| 28,465 | -1,408 | -7,943 | 18,507 | 12,665 | 18,133 | 5,949 | -18,915 | -4,322 | 4,781 | 16,353 | ||
| 29.2% | 16.4% | 15.3% | 36.0% | 37.7% | 43.7% | 5.3% | -88.5% | 7.6% | 33.7% | 81.8% | ||
| 1.53 | 0.98 | 0.91 | 1.36 | 1.48 | 2.00 | 1.89 | 0.17 | 0.50 | 1.59 | 7.89 | ||
| 1.32 | 0.83 | 0.76 | 1.36 | 1.31 | 2.00 | 1.89 | 0.17 | 0.44 | 1.24 | 7.89 | ||
| 2.42 | 5.11 | 5.56 | 1.77 | 1.65 | 1.29 | - | - | 12.17 | 1.97 | 0.22 | ||
| 44.7% | 22.8% | 12.6% | 4.2% | 15.1% | 97.5% | - | - | - | -39.0% | 28.6% | ||
| 13.1% | 3.7% | 1.9% | 1.5% | 5.7% | 42.6% | 78.8% | -99.2% | -79.1% | -13.1% | 23.4% | ||
| 18.68 | 11.16 | 10.32 | 10.15 | 12.68 | - | - | - | - | - | - |
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.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 1 | - |
| full-time | 0 | - |
| part-time | 1 | - |
| in full-time equivalents | 0.2 | - |
| 0.2 | 0.2 | |
| On a permanent contract | 0 | - |
| Joined | 1 | 6 |
| Left | 0 | 6 |
| Training hours | 0 | - |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €33,122 | €50,225 | €1,773 | €1,636 | €47,534 |
| €21,828 | €20,698 | €21,905 | €20,885 | €17,337 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is over 3.1 times that of 2024 and the highest since 2020. It is the third rise in a row, after the fall in 2022.
Debt's share of the balance-sheet total falls from 83.6% to 70.8%. Equity is higher and debt is lower.
EWBT has no parent and no holdings in its annual accounts. EWBT shares no director with another company.
| IACONO STABLES
registered office since 01-01-2021 · founded in 2020 |
total assets €440,170 (2025) 0760.295.007 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 13376G0075/00B002 | 3,889 m² | 1 · 513 m² | 8.9 m · 2 |
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 0597.612.842
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