EWRENCELL
ActiveSummary
The computed 12-month bankruptcy probability of EWRENCELL is 1.7% (moderate). The 2025 annual accounts show equity of €40,379 and a net result of €12,409. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 84% of 489 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability97▲+21
Solvency99▲+10
Growth52▲+20
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.78 against 2.58 in 2024; short-term debt: 25.9% and cash: 3.5% of total assets), and 25.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 53
Relative position
BE, all sectors
reference
Postal and courier activities (NACE 53)
about 277% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
74.1%
Return on assets
22.8%
Age of the figures
9 mo
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 · 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 €40,379
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
63 d early
2024
71 d early
2023
71 d early
2022
16 d early
2021
25 d late
2020
4 d late
2019
32 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 12 days after the deadline, and 56% of the sector filed late.
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. Usually files around 22 May (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€40,379▲ 44.4%
2024 · €27,969
Total assets
€54,509▲ 24.9%
2024 · €43,629
Net result
€12,409▲ 364%
2024 · €2,675
Working capital
€25,152▲ 1.9%
2024 · €24,694
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€21,706€18,199-€7,829€9,232€14,925▲ 61.7%
Net result-€24,746below the sector's middle half€16,895within the sector's middle half-€8,156below the sector's middle half€2,675within the sector's middle half€12,409within the sector's middle half▲ 364%
Equity€16,555below the sector's middle half▼ 59.9%€33,450within the sector's middle half▲ 102%€25,294within the sector's middle half▼ 24.4%€27,969within the sector's middle half▲ 10.6%€40,379within the sector's middle half▲ 44.4%
Total assets€46,466below the sector's middle half▼ 56.0%€61,099within the sector's middle half▲ 31.5%€38,258below the sector's middle half▼ 37.4%€43,629within the sector's middle half▲ 14.0%€54,509within the sector's middle half▲ 24.9%
Debt€29,911▼ 53.5%€27,650▼ 7.6%€12,964▼ 53.1%€15,660▲ 20.8%€14,130▼ 9.8%
Working capital€33,508within the sector's middle half▲ 113%€38,197within the sector's middle half▲ 14.0%€20,740within the sector's middle half▼ 45.7%€24,694within the sector's middle half▲ 19.1%€25,152within the sector's middle half▲ 1.9%
Solvency35.6%within the sector's middle half▼ 3.5pp54.7%within the sector's middle half▲ 19.1pp66.1%above the sector's middle half▲ 11.4pp64.1%above the sector's middle half▼ 2.0pp74.1%above the sector's middle half▲ 10.0pp
Current ratio3.84above the sector's middle half▲ 2.373.24above the sector's middle half▼ 0.602.60above the sector's middle half▼ 0.642.58above the sector's middle half▼ 0.022.78above the sector's middle half▲ 0.20
Return on assets (ROA)-53.3%below the sector's middle half▼ 57.7pp27.7%above the sector's middle half▲ 80.9pp-21.3%below the sector's middle half▼ 49.0pp6.1%within the sector's middle half▲ 27.4pp22.8%above the sector's middle half▲ 16.6pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 53, Postal and courier activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 62% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54,509
Fixed assets
€15,227 ▲ 365%
Current assets
€39,282 ▼ 2.7%
Equity and liabilities €54,509
Equity
€40,379 ▲ 44.4%
Debt
€14,130 ▼ 9.8%
Debt's share of the balance-sheet total falls from 35.9% to 25.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€16,037▲
2024 · €10,511
Cash flow
€13,522▲
2024 · €3,954
Debt to equity
0.35▼
2024 · 0.56
ROE
30.7%▲
2024 · 9.6%
Interest coverage
8.73▼
2024 · 37.43
Debt ≤ 1 year
€14,130▼
2024 · €15,660
Income taxes
€683▼
2024 · €6,276
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.7% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €427 | €1,283 | €1,279 | €1,112 | ▼ 13.0% |
| Other operating charges640/8 | €1,947 | €348 | €1,347 | €1,520 | €2,029 | ▲ 33.5% |
| Non-recurring operating charges66A | €18,369 | - | - | - | - | - |
| Gross operating margin9900 | -€1,390 | €18,974 | -€5,199 | €12,031 | €18,066 | ▲ 50.2% |
| Operating profit (loss)9901 | -€21,706 | €18,199 | -€7,829 | €9,232 | €14,925 | ▲ 61.7% |
| Financial income75/76B | - | - | - | - | €5 | - |
| Recurring financial income75 | - | - | - | - | €5 | - |
| Financial charges65/66B | €1,219 | €454 | €326 | €281 | €1,838 | ▲ 554% |
| Recurring financial charges65 | €1,219 | €454 | €326 | €281 | €1,838 | ▲ 554% |
| Profit (loss) for the period before taxes9903 | -€22,925 | €17,746 | -€8,156 | €8,952 | €13,092 | ▲ 46.3% |
| Income taxes67/77 | €1,821 | €851 | - | €6,276 | €683 | ▼ 89.1% |
| Profit (loss) for the period9904 | -€24,746 | €16,895 | -€8,156 | €2,675 | €12,409 | ▲ 364% |
| Profit (loss) for the period to be appropriated9905 | -€24,746 | €16,895 | -€8,156 | €2,675 | €12,409 | ▲ 364% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,466 | €61,099 | €38,258 | €43,629 | €54,509 | ▲ 24.9% |
| Fixed assets21/28 | €1,150 | €5,837 | €4,554 | €3,276 | €15,227 | ▲ 365% |
| Tangible fixed assets22/27 | - | €4,687 | €3,404 | €2,126 | €5,077 | ▲ 139% |
| Furniture and vehicles24 | - | €4,687 | €3,404 | €2,126 | €5,077 | ▲ 139% |
| Financial fixed assets28 | €1,150 | €1,150 | €1,150 | €1,150 | €10,150 | ▲ 783% |
| Current assets29/58 | €45,316 | €55,262 | €33,704 | €40,354 | €39,282 | ▼ 2.7% |
| Amounts receivable within one year40/41 | €42,138 | €54,264 | €33,051 | €35,366 | €37,383 | ▲ 5.7% |
| Trade receivables40 | €2,523 | €25,329 | - | €387 | - | - |
| Other amounts receivable41 | €39,615 | €28,935 | €33,051 | €34,979 | €37,383 | ▲ 6.9% |
| Cash at bank and in hand54/58 | €2,951 | €998 | €653 | €4,988 | €1,899 | ▼ 61.9% |
| Deferred charges and accrued income490/1 | €227 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,466 | €61,099 | €38,258 | €43,629 | €54,509 | ▲ 24.9% |
| Equity10/15 | €16,555 | €33,450 | €25,294 | €27,969 | €40,379 | ▲ 44.4% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €8,495 | €25,390 | €17,234 | €19,909 | €32,319 | ▲ 62.3% |
| Amounts payable17/49 | €29,911 | €27,650 | €12,964 | €15,660 | €14,130 | ▼ 9.8% |
| Amounts payable after more than one year17 | €18,103 | €10,585 | - | - | - | - |
| Financial debts170/4 | €18,103 | €10,585 | - | - | - | - |
| Amounts payable within one year42/48 | €11,808 | €17,065 | €12,964 | €15,660 | €14,130 | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | €7,416 | €7,895 | €6,578 | €193 | - | - |
| Financial debts43 | - | €25 | - | €500 | - | - |
| Credit institutions430/8 | - | €25 | - | €500 | - | - |
| Trade debts44 | €874 | €2,508 | €1,138 | €13,544 | €12,698 | ▼ 6.2% |
| Suppliers440/4 | €874 | €2,508 | €1,138 | €13,544 | €12,698 | ▼ 6.2% |
| Taxes, remuneration and social security45 | €3,518 | €6,636 | €5,248 | €1,423 | €1,432 | ▲ 0.6% |
| Taxes450/3 | €1,970 | €6,636 | €5,248 | €1,423 | €1,432 | ▲ 0.6% |
| Remuneration and social security454/9 | €1,548 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,746 | €16,895 | -€8,156 | €2,675 | €12,409 | ▲ 364% |
| + Depreciation and write-downs630 | - | €427 | €1,283 | €1,279 | €1,112 | ▼ 13.0% |
| Operating cash flow (approximation) | -€24,746 | €17,322 | -€6,872 | €3,954 | €13,522 | ▲ 242% |
| Investment in fixed assets (approximation) | - | -€5,115 | €0 | €0 | -€13,063 | - |
| Change in cash | - | -€1,953 | -€345 | €4,335 | -€3,088 | ▼ 171% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €2,675
Net result €2,675 after one loss-making year.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-12
Financial
Back to profitnet €16,895
Net result €16,895 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
30-12
Financial
Weakest financial yearnet -€24,746
Net result drops to -€24,746, the lowest in the series; recovery starts the following year.
30-12
Financial
Liquidity triplescurrent ratio 3.84
Current ratio from 1.46 to 3.84; short-term debt falls from €33,978 to €11,808.
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 4 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 17 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, Machelen (Brab.) · 1 establishment unit since 2013
Ground area
322 m²
Building footprint
191 m²
Volume, LiDAR
1,542 m³
2 parcels, Brussels, Flanders · tallest building 18.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
EWRENCELL
since 20132.216.225.118
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23015C0365/00H003 | Flanders | 251 m² | 1 · 61 m² | 10.2 m · 3 fl. |
| 21014A0055/00C000 | Brussels | 71 m² | 1 · 130 m² | 18.3 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.
Recognitions · licences · registrations
Parcel delivery
Notified to the BIPT
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Of 4,920 companies in sector 53200 we hold annual accounts for 1,324. 1,108 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
Founded18-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
53200Other postal and courier activities
49410Freight transport by road
49420Removal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502598372
Also
9925:BE0502598372
Registered
18-08-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.