EWT
ActiveSummary
EWT has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €169,178 and a net result of €19,922. Equity is growing by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 7930 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability58▲+2
Solvency42▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.14 in 2024; short-term debt: 37.4% and cash: 2.8% of total assets), and 82.8% of the assets are financed with debt.
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Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
17.2%
Return on assets
2%
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 7930 sector peers (2025).
NBB · sector comparisonPosition among 7930 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
3 d early
2023
1 d early
2022
3 d early
2021
2 d early
2020
3 d early
2019
2 d early
← 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 2 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€169,178▼ 30.4%
2024 · €243,073
Total assets
€981,609▼ 3.3%
2024 · €1.0m
Net result
€19,922▼ 14.7%
2024 · €23,357
Working capital
-€15,789
2024 · €49,177
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€77,070▲ 94.3%€95,122▲ 23.4%€51,987▼ 45.3%€48,225▼ 7.2%€42,821▼ 11.2%
Net result€52,575above the sector's middle half▲ 111%€79,291above the sector's middle half▲ 50.8%€32,348within the sector's middle half▼ 59.2%€23,357within the sector's middle half▼ 27.8%€19,922within the sector's middle half▼ 14.7%
Equity€123,654above the sector's middle half▲ 74.0%€202,944above the sector's middle half▲ 64.1%€235,293within the sector's middle half▲ 15.9%€243,073within the sector's middle half▲ 3.3%€169,178within the sector's middle half▼ 30.4%
Total assets€305,836above the sector's middle half▲ 4.1%€955,002above the sector's middle half▲ 212%€1.1mwithin the sector's middle half▲ 19.3%€1.0mwithin the sector's middle half▼ 10.9%€981,609within the sector's middle half▼ 3.3%
Debt€182,182▼ 18.2%€752,058▲ 313%€903,611▲ 20.2%€771,633▼ 14.6%€812,431▲ 5.3%
Working capital€101,982above the sector's middle half▲ 92.2%€98,879above the sector's middle half▼ 3.0%€29,924below the sector's middle half▼ 69.7%€49,177within the sector's middle half▲ 64.3%-€15,789below the sector's middle half
Solvency40.4%within the sector's middle half▲ 16.2pp21.3%below the sector's middle half▼ 19.2pp20.7%below the sector's middle half▼ 0.6pp24.0%below the sector's middle half▲ 3.3pp17.2%below the sector's middle half▼ 6.7pp
Current ratio1.63within the sector's middle half▲ 0.381.38within the sector's middle half▼ 0.251.07below the sector's middle half▼ 0.311.14below the sector's middle half▲ 0.080.96below the sector's middle half▼ 0.19
Return on assets (ROA)17.2%above the sector's middle half▲ 8.7pp8.3%within the sector's middle half▼ 8.9pp2.8%within the sector's middle half▼ 5.5pp2.3%within the sector's middle half▼ 0.5pp2.0%within the sector's middle half▼ 0.3pp
Staff (FTE)6.7▲ 28.8%4.6▼ 31.3%5.3within the sector's middle half▲ 15.2%7.2within the sector's middle half▲ 35.8%7.6within the sector's middle half▲ 5.6%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result has fallen three years in a row; 2025 is 11% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €981,609
Fixed assets
€630,024 ▲ 1.7%
Current assets
€351,585 ▼ 11.1%
Equity and liabilities €981,609
Equity
€169,178 ▼ 30.4%
Debt
€812,431 ▲ 5.3%
Debt's share of the balance-sheet total rises from 76.0% to 82.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€78,185▼
2024 · €81,168
Cash flow
€55,287▼
2024 · €56,300
Quick ratio
0.79▼
2024 · 0.92
Debt to equity
4.80▲
2024 · 3.17
ROE
11.8%▲
2024 · 9.6%
Interest coverage
4.43▲
2024 · 4.15
Debt ≤ 1 year
€367,374▲
2024 · €346,110
Debt > 1 year
€445,057▲
2024 · €425,522
Income taxes
€7,229▼
2024 · €7,581
Staff costs
€295,286▲
2024 · €238,803
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,504 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €3,095 | €0 | - | €1,000 | - |
| Remuneration, social security and pensions62 | €190,141 | €164,760 | €168,022 | €238,803 | €295,286 | ▲ 23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,781 | €20,754 | €31,585 | €32,943 | €35,364 | ▲ 7.3% |
| Other operating charges640/8 | €1,853 | €1,466 | €1,037 | €2,975 | €3,408 | ▲ 14.5% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €278,845 | €282,102 | €252,632 | €322,947 | €376,879 | ▲ 16.7% |
| Operating profit (loss)9901 | €77,070 | €95,122 | €51,987 | €48,225 | €42,821 | ▼ 11.2% |
| Financial income75/76B | €677 | €1,097 | €1,949 | €2,292 | €1,978 | ▼ 13.7% |
| Recurring financial income75 | €677 | €1,097 | €1,949 | €2,292 | €1,978 | ▼ 13.7% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €5,279 | €8,477 | €17,768 | €19,579 | €17,647 | ▼ 9.9% |
| Recurring financial charges65 | €4,454 | €8,477 | €17,768 | €19,579 | €17,647 | ▼ 9.9% |
| Non-recurring financial charges66B | €825 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €72,468 | €87,742 | €36,169 | €30,938 | €27,151 | ▼ 12.2% |
| Income taxes67/77 | €19,893 | €8,451 | €3,820 | €7,581 | €7,229 | ▼ 4.6% |
| Profit (loss) for the period9904 | €52,575 | €79,291 | €32,348 | €23,357 | €19,922 | ▼ 14.7% |
| Profit (loss) for the period to be appropriated9905 | €52,575 | €79,291 | €32,348 | €23,357 | €19,922 | ▼ 14.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €305,836 | €955,002 | €1.1m | €1.0m | €981,609 | ▼ 3.3% |
| Fixed assets21/28 | €41,692 | €592,455 | €662,639 | €619,418 | €630,024 | ▲ 1.7% |
| Tangible fixed assets22/27 | €41,692 | €592,455 | €662,639 | €619,418 | €630,024 | ▲ 1.7% |
| Land and buildings22 | - | €538,284 | €613,082 | €583,487 | €595,878 | ▲ 2.1% |
| Plant, machinery and equipment23 | €991 | €23,497 | €26,464 | €20,204 | €14,243 | ▼ 29.5% |
| Furniture and vehicles24 | €28,260 | €20,401 | €14,988 | €9,790 | €16,135 | ▲ 64.8% |
| Other tangible fixed assets26 | €12,441 | €10,273 | €8,105 | €5,936 | €3,768 | ▼ 36.5% |
| Current assets29/58 | €264,144 | €362,547 | €476,264 | €395,287 | €351,585 | ▼ 11.1% |
| Stocks and contracts in progress3 | €58,013 | €83,300 | €101,441 | €78,513 | €60,100 | ▼ 23.5% |
| Stocks30/36 | €13,013 | €33,300 | €31,441 | €28,513 | €30,100 | ▲ 5.6% |
| Contracts in progress37 | €45,000 | €50,000 | €70,000 | €50,000 | €30,000 | ▼ 40.0% |
| Amounts receivable within one year40/41 | €81,130 | €203,760 | €281,831 | €284,392 | €253,925 | ▼ 10.7% |
| Trade receivables40 | €16,931 | €88,360 | €162,127 | €178,252 | €171,977 | ▼ 3.5% |
| Other amounts receivable41 | €64,199 | €115,400 | €119,704 | €106,140 | €81,948 | ▼ 22.8% |
| Cash at bank and in hand54/58 | €109,855 | €58,686 | €83,753 | €22,785 | €27,567 | ▲ 21.0% |
| Deferred charges and accrued income490/1 | €15,146 | €16,802 | €9,238 | €9,598 | €9,993 | ▲ 4.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €305,836 | €955,002 | €1.1m | €1.0m | €981,609 | ▼ 3.3% |
| Equity10/15 | €123,654 | €202,944 | €235,293 | €243,073 | €169,178 | ▼ 30.4% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €111,254 | €190,544 | €222,893 | €207,315 | €113,499 | ▼ 45.3% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €109,394 | €188,684 | €222,893 | €207,315 | €113,499 | ▼ 45.3% |
| Profit (loss) carried forward14 | - | - | - | €23,357 | €43,279 | ▲ 85.3% |
| Amounts payable17/49 | €182,182 | €752,058 | €903,611 | €771,633 | €812,431 | ▲ 5.3% |
| Amounts payable after more than one year17 | €20,020 | €488,389 | €457,271 | €425,522 | €445,057 | ▲ 4.6% |
| Financial debts170/4 | €20,020 | €488,389 | €457,271 | €425,522 | €445,057 | ▲ 4.6% |
| Amounts payable within one year42/48 | €162,162 | €263,668 | €446,340 | €346,110 | €367,374 | ▲ 6.1% |
| Current portion of amounts payable after more than one year42 | €11,412 | €30,502 | €31,119 | €31,748 | €29,258 | ▼ 7.8% |
| Financial debts43 | €9,167 | €65,000 | €100,000 | €120,000 | €120,000 | = |
| Credit institutions430/8 | €9,167 | €65,000 | €100,000 | €120,000 | €120,000 | = |
| Trade debts44 | €122,755 | €155,484 | €298,298 | €178,751 | €190,512 | ▲ 6.6% |
| Suppliers440/4 | €122,755 | €155,484 | €298,298 | €178,751 | €190,512 | ▲ 6.6% |
| Taxes, remuneration and social security45 | €18,829 | €12,683 | €16,923 | €15,611 | €27,604 | ▲ 76.8% |
| Taxes450/3 | - | €1,867 | €16 | €0 | €803 | - |
| Remuneration and social security454/9 | €18,829 | €10,816 | €16,908 | €15,611 | €26,801 | ▲ 71.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,575 | €79,291 | €32,348 | €23,357 | €19,922 | ▼ 14.7% |
| + Depreciation and write-downs630 | €9,781 | €20,754 | €31,585 | €32,943 | €35,364 | ▲ 7.3% |
| Operating cash flow (approximation) | €62,356 | €100,044 | €63,934 | €56,300 | €55,287 | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | -€571,516 | -€101,770 | €10,278 | -€45,971 | ▼ 547% |
| Change in cash | - | -€51,169 | €25,067 | -€60,968 | €4,783 | ▲ 108% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €79,291 ▲50.8%
Operating result €95,122, net result €79,291, both a record.
31-12
Financial
Equity above €200,000Eq €202,944 ▲64.1%
5 profitable years in a row build equity to €202,944.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €123,654 ▲74%
4 profitable years in a row build equity to €123,654.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Sint-Truiden · 2 establishment units since 2013
Ground area
2,999 m²
Building footprint
1,169 m²
Volume, LiDAR
3,517 m³
2 parcels, Flanders · tallest building 16.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
EWT
since 20132.225.380.433
EWT
since 20232.356.347.358
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352C0652/00L000 | Flanders | 2,249 m² | 1 · 1,001 m² | 16.7 m |
| 71061A0050/00H005 | Flanders | 750 m² | 1 · 167 m² | 6.9 m · 2 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 · 2 entries · 1,500 EUR awarded · 1,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,000 EUR | 1,000 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Recognitions · licences · registrations
Recognised contractor
7 categoriesEWT BV43447
Dual-learning approval
4 live approvals · 6 endedElektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Show 6 ended approvals
Installateur gebouwenautomatisering duaal (so)
Residentieel elektrotechnisch installateur (so)
Industrieel elektrotechnisch installateur (so)
Installateur elektrotechnische basiscomponenten duaal (so)
Installateur fotovoltaïsche systemen (so)
Residentieel elektrotechnisch installateur (so)
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,496 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
Founded19-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0543470511
Also
9925:BE0543470511
Registered
22-06-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.