EWODEL
ActiveSummary
EWODEL has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €18k. Equity is growing by ~31% per year across the filed fiscal years. Its solvency ranks better than 40% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+5
Solvency74▼-4
Growth52=
Track record94
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 2.45 against 2.75 in 2024; short-term debt: 40.5% and cash: 62.7% of total assets), but 51.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
48.6%
Return on assets
21.7%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
23 d early
2024
6 d early
2023
22 d late
2022
4 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, micro schema
Equity
€40k▲ 28.9%
2024 · €31k
2022: €17klowest in 4 years
2023: €27k▲ +58.0% vs 2022
2024: €31k▲ +15.9% vs 2023
2025: €40k▲ +28.9% vs 2024highest in 4 years
2022 → 2025
Total assets
€83k▲ 41.3%
2024 · €59k
2022: €41klowest in 4 years
2023: €59k▲ +43.7% vs 2022
2024: €59k▼ -0.8% vs 2023
2025: €83k▲ +41.3% vs 2024highest in 4 years
2022 → 2025
Net result
€18k▲ 71.0%
2024 · €11k
2022: €31khighest in 4 years
2023: €18k▼ -42.1% vs 2022
2024: €11k▼ -41.7% vs 2023lowest in 4 years
2025: €18k▲ +71.0% vs 2024
2022 → 2025
Working capital
€49k▲ 31.4%
2024 · €37k
2022: €14klowest in 4 years
2023: €25k▲ +75.8% vs 2022
2024: €37k▲ +45.6% vs 2023
2025: €49k▲ +31.4% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€17k-€27k▲ 58.0%€31k▲ 15.9%€40k▲ 28.9%
2022: €17klowest in 4 years
2023: €27k▲ +58.0% vs 2022
2024: €31k▲ +15.9% vs 2023
2025: €40k▲ +28.9% vs 2024highest in 4 years
Operating result€43k-€27k▼ 37.9%€19k▼ 29.8%€29k▲ 54.1%
2022: €43khighest in 4 years
2023: €27k▼ -37.9% vs 2022
2024: €19k▼ -29.8% vs 2023lowest in 4 years
2025: €29k▲ +54.1% vs 2024
Net result€31k-€18k▼ 42.1%€11k▼ 41.7%€18k▲ 71.0%
2022: €31khighest in 4 years
2023: €18k▼ -42.1% vs 2022
2024: €11k▼ -41.7% vs 2023lowest in 4 years
2025: €18k▲ +71.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 54% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€704 ▲ 40.3%
Current assets
€82k ▲ 41.3%
Equity and liabilities €83k
Equity
€40k ▲ 28.9%
Debt
€43k ▲ 55.5%
Debt's share of the balance-sheet total rises from 46.7% to 51.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30k▲
2024 · €20k
Cash flow
€19k▲
2024 · €12k
Current ratio
2.45▼
2024 · 2.75
Debt to equity
1.06▲
2024 · 0.88
ROE
44.7%▲
2024 · 33.7%
ROA
21.7%▲
2024 · 18.0%
Interest coverage
8.67▲
2024 · 6.37
Debt ≤ 1 year
€34k▲
2024 · €21k
Income taxes
€7k▲
2024 · €5k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€59k€83k▲
Fixed assets21/28€502€704▲
Tangible fixed assets22/27€502€704▲
Furniture and vehicles24€502€704▲
Current assets29/58€58k€82k▲
Amounts receivable within one year40/41€36k€8k▼
Trade receivables40€33k€7k▼
Other amounts receivable41€3k€915▼
Cash at bank and in hand54/58€22k€52k▲
Deferred charges and accrued income490/1-€22k
Equity and liabilities
Total equity and liabilities10/49€59k€83k▲
Equity10/15€31k€40k▲
Contributions10/11€2k€2k=
Reserves13€29k€37k▲
Distributable reserves133€29k€37k▲
Profit (loss) carried forward14-€871
Amounts payable17/49€27k€43k▲
Amounts payable within one year42/48€21k€34k▲
Trade debts44€11k€20k▲
Suppliers440/4€11k€20k▲
Taxes, remuneration and social security45€10k€10k▲
Taxes450/3€7k€10k▲
Remuneration and social security454/9€3k-
Other amounts payable47/48€425€4k▲
Accrued charges and deferred income492/3€6k€9k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€754▼
Gross operating margin9900€20k€30k▲
Operating profit (loss)9901€19k€29k▲
Financial income75/76B€3€14▲
Recurring financial income75€3€14▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€16k€25k▲
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€11k€18k▲
Profit (loss) for the period to be appropriated9905€11k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€18k▲
Transfer to equity691/2€4k€8k▲
To other reserves6921€4k€8k▲
Profit to be distributed694/7€6k€9k▲
Return on contributions (dividend)694€6k€9k▲
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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €561 | €1k | €1k | €754 | ▼ 29.0% |
| Gross operating margin9900 | €43k | €28k | €20k | €30k | ▲ 49.7% |
| Operating profit (loss)9901 | €43k | €27k | €19k | €29k | ▲ 54.1% |
| Financial income75/76B | - | €0 | €3 | €14 | ▲ 390% |
| Recurring financial income75 | - | €0 | €3 | €14 | ▲ 390% |
| Financial charges65/66B | €697 | €1k | €3k | €3k | ▲ 10.0% |
| Recurring financial charges65 | €697 | €1k | €3k | €3k | ▲ 10.0% |
| Profit (loss) for the period before taxes9903 | €42k | €25k | €16k | €25k | ▲ 63.0% |
| Income taxes67/77 | €11k | €7k | €5k | €7k | ▲ 46.2% |
| Profit (loss) for the period9904 | €31k | €18k | €11k | €18k | ▲ 71.0% |
| Profit (loss) for the period to be appropriated9905 | €31k | €18k | €11k | €18k | ▲ 71.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €41k | €59k | €59k | €83k | ▲ 41.3% |
| Fixed assets21/28 | €3k | €2k | €502 | €704 | ▲ 40.3% |
| Tangible fixed assets22/27 | €3k | €2k | €502 | €704 | ▲ 40.3% |
| Furniture and vehicles24 | €3k | €2k | €502 | €704 | ▲ 40.3% |
| Current assets29/58 | €39k | €58k | €58k | €82k | ▲ 41.3% |
| Amounts receivable within one year40/41 | €24k | €24k | €36k | €8k | ▼ 77.8% |
| Trade receivables40 | €23k | €21k | €33k | €7k | ▼ 78.5% |
| Other amounts receivable41 | €924 | €3k | €3k | €915 | ▼ 69.7% |
| Cash at bank and in hand54/58 | €14k | €33k | €22k | €52k | ▲ 139% |
| Deferred charges and accrued income490/1 | €1k | €253 | - | €22k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €41k | €59k | €59k | €83k | ▲ 41.3% |
| Equity10/15 | €17k | €27k | €31k | €40k | ▲ 28.9% |
| Contributions10/11 | €2k | €2k | €2k | €2k | = |
| Reserves13 | €15k | €25k | €29k | €37k | ▲ 28.1% |
| Distributable reserves133 | €15k | €25k | €29k | €37k | ▲ 28.1% |
| Profit (loss) carried forward14 | - | - | - | €871 | - |
| Amounts payable17/49 | €24k | €32k | €27k | €43k | ▲ 55.5% |
| Amounts payable within one year42/48 | €24k | €32k | €21k | €34k | ▲ 58.6% |
| Trade debts44 | €1k | €12k | €11k | €20k | ▲ 83.6% |
| Suppliers440/4 | €1k | €12k | €11k | €20k | ▲ 83.6% |
| Taxes, remuneration and social security45 | €6k | €10k | €10k | €10k | ▲ 2.2% |
| Taxes450/3 | €6k | €7k | €7k | €10k | ▲ 46.3% |
| Remuneration and social security454/9 | - | €3k | €3k | - | - |
| Other amounts payable47/48 | €16k | €10k | €425 | €4k | ▲ 742% |
| Accrued charges and deferred income492/3 | - | - | €6k | €9k | ▲ 44.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €31k | €18k | €11k | €18k | ▲ 71.0% |
| + Depreciation and write-downs630 | €561 | €1k | €1k | €754 | ▼ 29.0% |
| Operating cash flow (approximation) | €32k | €19k | €12k | €19k | ▲ 61.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-957 | - |
| Change in cash | - | €19k | €-12k | €30k | ▲ 363% |
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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €11k ▼41.7%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 22 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Geer · 1 establishment unit since 2022
Ground area
1,258 m²
Building footprint
119 m²
Parcel 64022A0090/00K000, Wallonia. Linked by address, not a title deed.
1 establishment unit
EWODEL
since 20222.326.107.609
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64022A0090/00K000 | Wallonia | 1,258 m² | 1 · 119 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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AT RUNTIME
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,653 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
Founded06-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
Scores and ratios are computed by Checked and are not a credit decision.