EWIAC
ActiveSummary
EWIAC has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €674k and a net result of €228k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 80% of 3307 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+7
Solvency100▲+2
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 3.87 against 2.99 in 2024; short-term debt: 20.9% and cash: 76.5% of total assets), and 20.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.1%
Return on assets
26.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €674k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
53 d late
2024
4 d late
2023
2 d late
2022
28 d late
2021
19 d late
2020
21 d late
2019
55 d late
← 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
Financials · fiscal year 2025, abbreviated schema
Equity
€674k▲ 21.9%
2024 · €553k
2018: €622k
2019: €776k▲ +24.8% vs 2018
2020: €798k▲ +2.9% vs 2019highest in 8 years
2021: €660k▼ -17.4% vs 2020
2022: €518k▼ -21.4% vs 2021lowest in 8 years
2023: €556k▲ +7.3% vs 2022
2024: €553k▼ -0.6% vs 2023
2025: €674k▲ +21.9% vs 2024
2018 → 2025
Total assets
€853k▲ 11.9%
2024 · €762k
2018: €650k
2019: €793k▲ +22.0% vs 2018
2020: €871k▲ +9.9% vs 2019highest in 8 years
2021: €735k▼ -15.7% vs 2020
2022: €619k▼ -15.7% vs 2021lowest in 8 years
2023: €729k▲ +17.8% vs 2022
2024: €762k▲ +4.4% vs 2023
2025: €853k▲ +11.9% vs 2024
2018 → 2025
Net result
€228k▲ 51.5%
2024 · €151k
2018: €129k
2019: €154k▲ +19.1% vs 2018
2020: €107k▼ -30.4% vs 2019
2021: €59k▼ -44.9% vs 2020lowest in 8 years
2022: €61k▲ +3.2% vs 2021
2023: €167k▲ +175% vs 2022
2024: €151k▼ -9.9% vs 2023
2025: €228k▲ +51.5% vs 2024highest in 8 years
2018 → 2025
Working capital
€513k▲ 24.0%
2024 · €414k
2018: €410k
2019: €570k▲ +39.0% vs 2018
2020: €610k▲ +7.0% vs 2019highest in 8 years
2021: €509k▼ -16.6% vs 2020
2022: €395k▼ -22.4% vs 2021
2023: €392k▼ -0.6% vs 2022lowest in 8 years
2024: €414k▲ +5.4% vs 2023
2025: €513k▲ +24.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€660k-€518k▼ 21.4%€556k▲ 7.3%€553k▼ 0.6%€674k▲ 21.9%
2021: €660k
2022: €518k▼ -21.4% vs 2021lowest in 5 years
2023: €556k▲ +7.3% vs 2022
2024: €553k▼ -0.6% vs 2023
2025: €674k▲ +21.9% vs 2024highest in 5 years
Operating result€101k-€89k▼ 12.7%€241k▲ 172%€212k▼ 11.7%€331k▲ 55.9%
2021: €101k
2022: €89k▼ -12.7% vs 2021lowest in 5 years
2023: €241k▲ +172% vs 2022
2024: €212k▼ -11.7% vs 2023
2025: €331k▲ +55.9% vs 2024highest in 5 years
Net result€59k-€61k▲ 3.2%€167k▲ 175%€151k▼ 9.9%€228k▲ 51.5%
2021: €59klowest in 5 years
2022: €61k▲ +3.2% vs 2021
2023: €167k▲ +175% vs 2022
2024: €151k▼ -9.9% vs 2023
2025: €228k▲ +51.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 56% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €853k
Fixed assets
€161k ▲ 14.5%
Current assets
€692k ▲ 11.3%
Equity and liabilities €853k
Equity
€674k ▲ 21.9%
Debt
€179k ▼ 14.4%
Debt's share of the balance-sheet total falls from 27.4% to 20.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€364k▲
2024 · €248k
Cash flow
€261k▲
2024 · €186k
Current ratio
3.87▲
2024 · 2.99
Debt to equity
0.27▼
2024 · 0.38
ROE
33.9%▲
2024 · 27.2%
ROA
26.8%▲
2024 · 19.8%
Interest coverage
535.91▼
2024 · 721.92
Debt ≤ 1 year
€179k▼
2024 · €208k
Income taxes
€108k▲
2024 · €68k
Staff costs
€127k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€762k€853k▲
Fixed assets21/28€140k€161k▲
Tangible fixed assets22/27€140k€161k▲
Land and buildings22€87k€73k▼
Plant, machinery and equipment23€4k€656▼
Furniture and vehicles24€50k€87k▲
Current assets29/58€621k€692k▲
Amounts receivable within one year40/41€79k€31k▼
Trade receivables40€79k€31k▼
Cash at bank and in hand54/58€537k€652k▲
Deferred charges and accrued income490/1€5k€9k▲
Equity and liabilities
Total equity and liabilities10/49€762k€853k▲
Equity10/15€553k€674k▲
Contributions10/11€6k€6k=
Reserves13€547k€668k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€545k€666k▲
Amounts payable17/49€209k€179k▼
Amounts payable within one year42/48€208k€179k▼
Trade debts44€5k€14k▲
Suppliers440/4€5k€14k▲
Taxes, remuneration and social security45€44k€54k▲
Taxes450/3€29k€54k▲
Remuneration and social security454/9€16k-
Other amounts payable47/48€158k€111k▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Remuneration, social security and pensions62-€127k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€33k▼
Gross operating margin9900€248k€491k▲
Operating profit (loss)9901€212k€331k▲
Financial income75/76B€7k€5k▼
Recurring financial income75€7k€5k▼
Financial charges65/66B€344€679▲
Recurring financial charges65€344€679▲
Profit (loss) for the period before taxes9903€219k€336k▲
Income taxes67/77€68k€108k▲
Profit (loss) for the period9904€151k€228k▲
Profit (loss) for the period to be appropriated9905€151k€228k▲
Appropriation of the result
Profit (loss) to be appropriated9906€151k€228k▲
Transfer from equity791/2€154k€107k▼
Transfer to equity691/2€151k€228k▲
To other reserves6921€151k€228k▲
Profit to be distributed694/7€154k€107k▼
Return on contributions (dividend)694€154k€107k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €127k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51k | €38k | €27k | €36k | €33k | ▼ 9.3% |
| Gross operating margin9900 | €153k | €126k | €267k | €248k | €491k | ▲ 97.6% |
| Operating profit (loss)9901 | €101k | €89k | €241k | €212k | €331k | ▲ 55.9% |
| Financial income75/76B | €24 | - | €1k | €7k | €5k | ▼ 21.1% |
| Recurring financial income75 | €24 | - | €1k | €7k | €5k | ▼ 21.1% |
| Financial charges65/66B | €571 | €1k | €887 | €344 | €679 | ▲ 97.4% |
| Recurring financial charges65 | €571 | €1k | €887 | €344 | €679 | ▲ 97.4% |
| Profit (loss) for the period before taxes9903 | €101k | €87k | €241k | €219k | €336k | ▲ 53.5% |
| Income taxes67/77 | €42k | €26k | €74k | €68k | €108k | ▲ 57.8% |
| Profit (loss) for the period9904 | €59k | €61k | €167k | €151k | €228k | ▲ 51.5% |
| Profit (loss) for the period to be appropriated9905 | €59k | €61k | €167k | €151k | €228k | ▲ 51.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €735k | €619k | €729k | €762k | €853k | ▲ 11.9% |
| Fixed assets21/28 | €151k | €123k | €164k | €140k | €161k | ▲ 14.5% |
| Tangible fixed assets22/27 | €151k | €123k | €164k | €140k | €161k | ▲ 14.5% |
| Land and buildings22 | €121k | €111k | €94k | €87k | €73k | ▼ 16.3% |
| Plant, machinery and equipment23 | €28k | €13k | €7k | €4k | €656 | ▼ 81.8% |
| Furniture and vehicles24 | €2k | - | €63k | €50k | €87k | ▲ 75.8% |
| Current assets29/58 | €583k | €496k | €566k | €621k | €692k | ▲ 11.3% |
| Amounts receivable within one year40/41 | €124k | €66k | €52k | €79k | €31k | ▼ 61.1% |
| Trade receivables40 | €35k | €26k | €52k | €79k | €31k | ▼ 61.1% |
| Other amounts receivable41 | €89k | €40k | - | - | - | - |
| Cash at bank and in hand54/58 | €457k | €426k | €509k | €537k | €652k | ▲ 21.4% |
| Deferred charges and accrued income490/1 | €3k | €3k | €5k | €5k | €9k | ▲ 87.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €735k | €619k | €729k | €762k | €853k | ▲ 11.9% |
| Equity10/15 | €660k | €518k | €556k | €553k | €674k | ▲ 21.9% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €654k | €512k | €550k | €547k | €668k | ▲ 22.1% |
| Non-distributable reserves130/1 | €6k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €6k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €648k | €510k | €548k | €545k | €666k | ▲ 22.2% |
| Amounts payable17/49 | €75k | €101k | €173k | €209k | €179k | ▼ 14.4% |
| Amounts payable within one year42/48 | €75k | €101k | €173k | €208k | €179k | ▼ 14.0% |
| Trade debts44 | €42k | €27k | €13k | €5k | €14k | ▲ 191% |
| Suppliers440/4 | €42k | €27k | €13k | €5k | €14k | ▲ 191% |
| Taxes, remuneration and social security45 | - | - | €20k | €44k | €54k | ▲ 21.5% |
| Taxes450/3 | - | - | €20k | €29k | €54k | ▲ 87.4% |
| Remuneration and social security454/9 | - | - | - | €16k | - | - |
| Other amounts payable47/48 | €33k | €73k | €140k | €158k | €111k | ▼ 30.0% |
| Accrued charges and deferred income492/3 | - | - | - | €1k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €59k | €61k | €167k | €151k | €228k | ▲ 51.5% |
| + Depreciation and write-downs630 | €51k | €38k | €27k | €36k | €33k | ▼ 9.3% |
| Operating cash flow (approximation) | €110k | €99k | €194k | €186k | €261k | ▲ 39.9% |
| Investment in fixed assets (approximation) | - | €-10k | €-67k | €-12k | €-53k | ▼ 330% |
| Change in cash | - | €-31k | €83k | €28k | €115k | ▲ 305% |
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
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 53 days late
2025
31-12
Financial
Highest result since 2018net €228k ▲51.5%
Operating result €331k, net result €228k, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 2 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 19 days late
2021
31-12
Financial
Weakest financial yearnet €59k ▼44.9%
Net result drops to €59k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 21 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 55 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Dendermonde · 2 establishment units since 2004
Ground area
1,829 m²
Building footprint
191 m²
Volume, LiDAR
1,615 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Sint-Ursmarusstraat (BAA) 62, 9200 Dendermonde
since 20042.247.568.390
Rossevaalstraat 116C, 9280 Lebbeke
since 20162.247.568.588
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42011B0674/00V000 | Flanders | 1,290 m² | - | - |
| 42002C0271/00H000 | Flanders | 539 m² | 1 · 191 m² | 12.2 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,870 EUR awarded · 2,870 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 762 EUR | 762 EUR |
| 2024 | 1 | 497 EUR | 497 EUR |
| 2023 | 1 | 1,110 EUR | 1,440 EUR |
| 2022 | 1 | 501 EUR | 171 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 5,100 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 (pre-2019)
Founded08-07-1998
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.