EWSA
ActiveEWSA has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €49k and a net result of €-26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 55% of 961 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
48
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-82
Solvency75▼-2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 2.0 in 2024; short-term debt: 15.2% and cash: 4% of total assets), but 50.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 52
Relative position
BE, all sectors
reference
Sector 52
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.7%
Return on assets
-26.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
59 d late
2023
77 d early
2022
94 d late
2021
108 d late
2020
88 d late
2019
89 d late
← before the deadline
after the deadline →
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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€49k▼ 34.7%
2024 · €75k
2018: €5k
2019: €32k
2020: €33k
2021: €22k
2022: €25k
2023: €59k
2024: €75k
2018 → 2025
Total assets
€98k▼ 32.0%
2024 · €144k
2018: €41k
2019: €57k
2020: €57k
2021: €33k
2022: €34k
2023: €102k
2024: €144k
2018 → 2025
Net result
€-26k
2024 · €15k
2018: €-7k
2019: €28k
2020: €81
2021: €-11k
2022: €4k
2023: €40k
2024: €15k
2018 → 2025
Working capital
€9k▼ 64.5%
2024 · €25k
2018: €-7k
2019: €21k
2020: €23k
2021: €18k
2022: €23k
2023: €53k
2024: €25k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22k-€25k▲ 13.6%€59k▲ 137%€75k▲ 25.8%€49k▼ 34.7%
Operating result€-10k-€4k€47k▲ 949%€22k▼ 53.5%€-23k
Net result€-11k-€4k€40k▲ 956%€15k▼ 61.9%€-26k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €23k after €22k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98k
Fixed assets
€74k▼ 20.7%
Current assets
€24k▼ 52.7%
Equity and liabilities €98k
Equity
€49k▼ 34.7%
Debt
€49k▼ 29.1%
The debt ratio rises from 48.3% to 50.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-1k▼
2024 · €41k
Cash flow
€-4k▼
2024 · €34k
Solvency
49.7%▼
2024 · 51.7%
Current ratio
1.60▼
2024 · 2.00
Quick ratio
1.60▼
2024 · 2.00
Debt / equity
1.01▲
2024 · 0.93
ROE
-53.0%▼
2024 · 20.5%
ROA
-26.4%▼
2024 · 10.6%
Interest coverage
-0.44▼
2024 · 15.61
Debt
€49k▼
2024 · €70k
Debt ≤ 1 year
€15k▼
2024 · €25k
Debt > 1 year
€34k▼
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€144k€98k▼
Fixed assets21/28€94k€74k▼
Tangible fixed assets22/27€89k€70k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€84k€63k▼
Other tangible fixed assets26€4k€4k▲
Financial fixed assets28€5k€5k=
Current assets29/58€51k€24k▼
Amounts receivable within one year40/41€19k€20k▲
Trade receivables40€19k€13k▼
Other amounts receivable41€100€7k▲
Cash at bank and in hand54/58€32k€4k▼
Deferred charges and accrued income490/1€60-
Equity and liabilities
Total equity and liabilities10/49€144k€98k▼
Equity10/15€75k€49k▼
Contributions10/11€19k€19k=
Reserves13€56k€30k▼
Distributable reserves133€56k€30k▼
Amounts payable17/49€70k€49k▼
Amounts payable after more than one year17€44k€34k▼
Financial debts170/4€44k€34k▼
Amounts payable within one year42/48€25k€15k▼
Current portion of amounts payable after more than one year42€9k€7k▼
Trade debts44€1k€1k▼
Suppliers440/4€1k€1k▼
Taxes, remuneration and social security45€7k€4k▼
Taxes450/3€7k€4k▼
Other amounts payable47/48€8k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€22k▲
Other operating charges640/8€1k€953▼
Non-recurring operating charges66A€990-
Gross operating margin9900€43k€-139▼
Operating profit (loss)9901€22k€-23k▼
Financial income75/76B-€10
Recurring financial income75-€10
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€19k€-26k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€15k€-26k▼
Profit (loss) for the period to be appropriated9905€15k€-26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€15k€-26k▼
Transfer from equity791/2-€26k
Transfer to equity691/2€15k-
To other reserves6921€15k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-26k ▼269%
Net result drops to €-26k, the lowest in the series.
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 59 days late
2024
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €40k ▲956%
Operating result €47k, net result €40k, both a record.
02-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 94 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
16-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 108 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 2.22
Current ratio from 0.66 to 2.22; short-term debt falls from €20k to €17k.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kalmthoutsebaan 622040 AntwerpenGround area
1,273 m²
Building footprint
158 m²
Volume, LiDAR
1,017 m³
Parcel 11820C0520/00G039, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EWSA // E-Creative
since 20152.243.738.870
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11820C0520/00G039 | Flanders | 1,273 m² | 1 · 158 m² | 9.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Of 3,191 companies in sector 52250 we hold annual accounts for 1,956. 1,142 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2015
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
33120Repair and maintenance of machinery
43211General electrical installation work
43350Other building finishing work
68201Renting and operating of own or leased residential real estate, excluding social housing
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.