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EYKON

Active
Public limited companyfounded 2002active for 24 yearsTechnologiepark-Zwijnaarde 122, 9052 Gent, BelgiumKBO/BCE: BE 0477.849.021
Summary

EYKON has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €1.4m and a net result of €1.2m. Equity is growing by about 5.3% per year across the filed financial years. Its solvency ranks better than 10% of 257 sector peers (NACE 46, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2026, full format

Turnover
€50.0m▼ 10.4%
2025 · €55.8m
EBIT margin
3.3%▲ 0.3pp
2025 · 3.0%
Net result
€1.2m▲ 8.5%
2025 · €1.1m
Working capital
€1.8m▼ 41.3%
2025 · €3.1m
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result falls in 2026; 2026 is 1% below 2025.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€50.0m 2026 Operating result€1.7m 2026 Net result€1.2m 2026

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Turnover€7.5m-€7.1m▼ 5.5%€6.6m▼ 7.4%€6.7m▲ 0.7%€6.9m▲ 4.2%€18.6m▲ 168%€55.8m▲ 200%€50.0m▼ 10.4%
Operating result-€0.04m-€0.004m€0.09m▲ 2,326%€0.3m▲ 261%€0.2m▼ 43.9%€0.7m▲ 277%€1.7m▲ 144%€1.7m▼ 0.9%
Net result-€0.05m--€0.009m▲ 82.4%€0.06mwithin the sector's middle half€0.2mwithin the sector's middle half▲ 301%€0.1mwithin the sector's middle half▼ 48.2%€0.5mwithin the sector's middle half▲ 313%€1.1mabove the sector's middle half▲ 131%€1.2m▲ 8.5%
EBIT margin-0.6%-0.1%▲ 0.6pp1.4%▲ 1.3pp4.9%▲ 3.5pp2.6%▼ 2.3pp3.7%▲ 1.1pp3.0%▼ 0.7pp3.3%▲ 0.3pp
Equity€1.2m-€1.2m▼ 0.8%€1.2mwithin the sector's middle half▲ 4.9%€1.5mwithin the sector's middle half▲ 18.6%€1.1mwithin the sector's middle half▼ 26.3%€1.6mwithin the sector's middle half▲ 45.6%€2.7mwithin the sector's middle half▲ 72.4%€1.4m▼ 47.7%
Total assets€4.0m-€3.0m▼ 24.4%€3.9mwithin the sector's middle half▲ 29.5%€3.0mwithin the sector's middle half▼ 23.1%€3.7mwithin the sector's middle half▲ 22.5%€12.5mwithin the sector's middle half▲ 241%€12.7mwithin the sector's middle half▲ 1.5%€11.9m▼ 5.8%
Debt€2.4m-€1.5m▼ 39.8%€2.1m▲ 47.0%€1.2m▼ 45.1%€2.3m▲ 92.7%€10.5m▲ 364%€9.6m▼ 8.3%€10.2m▲ 6.1%
Working capital€1.5m-€1.5m▲ 0.4%€1.7mwithin the sector's middle half▲ 13.1%€1.8mwithin the sector's middle half▲ 4.0%€1.4mwithin the sector's middle half▼ 23.2%€2.0mwithin the sector's middle half▲ 41.9%€3.1mwithin the sector's middle half▲ 57.6%€1.8m▼ 41.3%
Solvency29.6%-38.9%▲ 9.3pp31.5%within the sector's middle half▼ 7.4pp48.5%within the sector's middle half▲ 17.1pp29.2%within the sector's middle half▼ 19.4pp12.4%below the sector's middle half▼ 16.7pp21.1%below the sector's middle half▲ 8.7pp11.7%▼ 9.4pp
Current ratio1.63-2.05▲ 0.421.81within the sector's middle half▼ 0.242.53within the sector's middle half▲ 0.721.61within the sector's middle half▼ 0.921.19within the sector's middle half▼ 0.421.32within the sector's middle half▲ 0.141.18▼ 0.14
Return on assets (ROA)-1.3%--0.3%▲ 1.0pp1.5%within the sector's middle half▲ 1.8pp7.6%within the sector's middle half▲ 6.2pp3.2%within the sector's middle half▼ 4.4pp3.9%within the sector's middle half▲ 0.7pp8.9%within the sector's middle half▲ 5.0pp10.2%▲ 1.3pp
Staff (FTE)3.5-3▼ 14.3%3below the sector's middle half=3below the sector's middle half=5.2within the sector's middle half▲ 73.3%5.8within the sector's middle half▲ 11.5%7within the sector's middle half▲ 20.7%6.6▼ 5.7%
above within below the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €11.9m
Fixed assets €29,023 ▲ 81.1%
Current assets €11.9m ▼ 5.9%
Equity and liabilities €11.9m
Equity €1.4m ▼ 47.7%
Provisions €315,424 ▼ 11.2%
Debt €10.2m ▲ 6.1%
Debt's share of the balance-sheet total rises from 76.1% to 85.6%. Equity is lower and debt is higher.
Key figures and ratios
2026 value · change against 2025
Quick ratio
0.63▼
2025 · 1.04
Debt to equity
7.30▲
2025 · 3.60
ROE
87.1%▲
2025 · 42.0%
Debt ≤ 1 year
€10.1m▲
2025 · €9.6m
Income taxes
€422,897▼
2025 · €499,600
Staff costs
€1.0m▲
2025 · €996,627
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 20 years or older
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.0% went bankrupt
3.7% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.8%
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 3,818 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 69 lines
Balance sheet Code20252026
Assets
Total assets20/58€12.7m€11.9m▼
Fixed assets21/28€0.02m€0.03m▲
Financial fixed assets28€0.02m€0.03m▲
Other financial fixed assets284/8€0.02m€0.03m▲
Amounts receivable and cash guarantees285/8€0.02m€0.03m▲
Current assets29/58€12.7m€11.9m▼
Stocks and contracts in progress3€2.7m€5.6m▲
Stocks30/36€2.7m€5.6m▲
Goods purchased for resale34€2.7m€5.6m▲
Amounts receivable within one year40/41€9.8m€4.8m▼
Trade receivables40€7.8m€4.8m▼
Other amounts receivable41€2.0m€0▼
Cash at bank and in hand54/58-€1.2m
Deferred charges and accrued income490/1€0.2m€0.4m▲
Equity and liabilities
Total equity and liabilities10/49€12.7m€11.9m▼
Equity10/15€2.7m€1.4m▼
Contributions10/11€0.1m€0.1m=
Capital10€0.1m€0.1m=
Issued capital100€0.1m€0.1m=
Reserves13€0.01m€0.01m=
Non-distributable reserves130/1€0.01m€0.01m=
Legal reserve130€0.01m€0.01m=
Profit (loss) carried forward14€2.6m€1.3m▼
Provisions and deferred taxes16€0.4m€0.3m▼
Provisions for liabilities and charges160/5€0.4m€0.3m▼
Pensions and similar obligations160€0.4m€0.3m▼
Amounts payable17/49€9.6m€10.2m▲
Amounts payable within one year42/48€9.6m€10.1m▲
Trade debts44€8.1m€4.1m▼
Suppliers440/4€8.1m€4.1m▼
Taxes, remuneration and social security45€1.4m€0.9m▼
Taxes450/3€1.2m€0.7m▼
Remuneration and social security454/9€0.2m€0.2m▼
Other amounts payable47/48-€5.2m
Accrued charges and deferred income492/3€0.07m€0.1m▲
Income statement Code20252026
Operating income70/76A€55.8m€50.0m▼
Turnover70€55.8m€50.0m▼
Operating charges60/66A€54.1m€48.3m▼
Goods for resale, raw materials and consumables60€51.3m€45.7m▼
Purchases600/8€49.4m€48.6m▼
Change in stocks: decrease (increase)609€1.9m-€2.9m▼
Services and other goods61€1.8m€1.6m▼
Remuneration, social security and pensions62€1.0m€1.0m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.01m€0.006m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0.06m-€0.04m▲
Other operating charges640/8€0.009m€0.002m▼
Non-recurring operating charges66A-€0.001m
Operating profit (loss)9901€1.7m€1.7m▼
Financial income75/76B€0.009m€0.008m▼
Recurring financial income75€0.009m€0.008m▼
Income from financial fixed assets750-€0
Other financial income752/9€0.009m€0.008m▼
Non-recurring financial income76B-€0
Financial charges65/66B€0.07m€0.03m▼
Recurring financial charges65€0.07m€0.02m▼
Debt charges650€0.06m€0.01m▼
Other financial charges652/9€0.01m€0.01m▼
Non-recurring financial charges66B-€0.008m
Profit (loss) for the period before taxes9903€1.6m€1.6m▲
Income taxes67/77€0.5m€0.4m▼
Taxes670/3€0.5m€0.5m▼
Tax adjustments and reversals of tax provisions77€0.004m€0.03m▲
Profit (loss) for the period9904€1.1m€1.2m▲
Profit (loss) for the period to be appropriated9905€1.1m€1.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.6m€3.8m▲
Profit (loss) brought forward from the previous period14P€1.4m€2.6m▲
Profit to be distributed694/7-€2.5m
Return on contributions (dividend)694-€2.5m
Social balance sheet
Average headcount (FTE)90877.06.6▼

The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023202420252026Change
Operating income70/76A---€6.7m€7.2m€18.7m€55.8m€50.0m▼ 10.4%
Turnover70€7.5m€7.1m€6.6m€6.7m€6.9m€18.6m€55.8m€50.0m▼ 10.4%
Other operating income74----€0.2m€0.1m---
Operating charges60/66A---€6.3m€7.0m€18.0m€54.1m€48.3m▼ 10.7%
Goods for resale, raw materials and consumables60---€5.4m€5.4m€15.8m€51.3m€45.7m▼ 11.0%
Purchases600/8---€5.3m€5.5m€19.6m€49.4m€48.6m▼ 1.7%
Change in stocks: decrease (increase)609---€0.2m-€0.2m-€3.7m€1.9m-€2.9m▼ 252%
Services and other goods61---€0.6m€0.7m€1.0m€1.8m€1.6m▼ 10.7%
Remuneration, social security and pensions62---€0.5m€0.9m€0.9m€1.0m€1.0m▲ 1.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€0.05m€0.008m€0.02m-€0.01m€0.006m▲ 150%
Provisions for liabilities and charges: additions (uses and reversals)635/8----€0.2m-€0.03m€0.09m-€0.06m-€0.04m▲ 38.3%
Other operating charges640/8---€0.002m€0.002m€0.1m€0.009m€0.002m▼ 76.0%
Non-recurring operating charges66A----€330€277-€0.001m-
Operating profit (loss)9901-€0.04m€0.004m€0.09m€0.3m€0.2m€0.7m€1.7m€1.7m▼ 0.9%
Financial income75/76B---€0.001m€0.008m€0.01m€0.009m€0.008m▼ 12.1%
Recurring financial income75€0.001m€0.001m€0.001m€0.001m€0.008m€0.01m€0.009m€0.008m▼ 12.1%
Income from financial fixed assets750-------€0-
Other financial income752/9---€0.001m€0.008m€0.01m€0.009m€0.008m▼ 12.1%
Non-recurring financial income76B-------€0-
Financial charges65/66B---€0.01m€0.02m€0.02m€0.07m€0.03m▼ 52.1%
Recurring financial charges65€0.009m€0.008m€0.009m€0.01m€0.02m€0.02m€0.07m€0.02m▼ 63.8%
Debt charges650-----€0.007m€0.06m€0.01m▼ 74.3%
Other financial charges652/9---€0.01m€0.02m€0.02m€0.01m€0.01m▼ 16.3%
Non-recurring financial charges66B-------€0.008m-
Profit (loss) for the period before taxes9903-€0.05m-€0.008m€0.08m€0.3m€0.2m€0.7m€1.6m€1.6m▲ 1.1%
Income taxes67/77€0.001m€0.001m€0.03m€0.09m€0.06m€0.2m€0.5m€0.4m▼ 15.4%
Taxes670/3---€0.09m€0.06m€0.2m€0.5m€0.5m▼ 10.0%
Tax adjustments and reversals of tax provisions77------€0.004m€0.03m▲ 588%
Profit (loss) for the period9904-€0.05m-€0.009m€0.06m€0.2m€0.1m€0.5m€1.1m€1.2m▲ 8.5%
Profit (loss) for the period to be appropriated9905-€0.05m-€0.009m€0.06m€0.2m€0.1m€0.5m€1.1m€1.2m▲ 8.5%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€4.0m€3.0m€3.9m€3.0m€3.7m€12.5m€12.7m€11.9m▼ 5.8%
Fixed assets21/28€0.02m€0.01m€0.01m€0.01m€0.01m€0.01m€0.02m€0.03m▲ 81.1%
Financial fixed assets28€0.02m€0.01m€0.01m€0.01m€0.01m€0.01m€0.02m€0.03m▲ 81.1%
Other financial fixed assets284/8---€0.01m€0.01m€0.01m€0.02m€0.03m▲ 81.1%
Amounts receivable and cash guarantees285/8---€0.01m€0.01m€0.01m€0.02m€0.03m▲ 81.1%
Current assets29/58€3.9m€3.0m€3.9m€3.0m€3.6m€12.5m€12.7m€11.9m▼ 5.9%
Stocks and contracts in progress3€1.0m€0.8m€0.8m€0.7m€0.8m€4.6m€2.7m€5.6m▲ 108%
Stocks30/36---€0.7m€0.8m€4.6m€2.7m€5.6m▲ 108%
Goods purchased for resale34---€0.7m€0.8m€4.6m€2.7m€5.6m▲ 108%
Amounts receivable within one year40/41€3.0m€2.2m€3.1m€2.3m€2.8m€7.9m€9.8m€4.8m▼ 51.2%
Trade receivables40---€0.7m€1.5m€7.9m€7.8m€4.8m▼ 38.4%
Other amounts receivable41---€1.6m€1.3m-€2.0m€0▼ 100%
Cash at bank and in hand54/58-------€1.2m-
Deferred charges and accrued income490/1---€0.02m€0.02m€0.02m€0.2m€0.4m▲ 94.8%
Equity and liabilities
Total equity and liabilities10/49€4.0m€3.0m€3.9m€3.0m€3.7m€12.5m€12.7m€11.9m▼ 5.8%
Equity10/15€1.2m€1.2m€1.2m€1.5m€1.1m€1.6m€2.7m€1.4m▼ 47.7%
Contributions10/11€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m€0.1m=
Capital10---€0.1m€0.1m€0.1m€0.1m€0.1m=
Issued capital100---€0.1m€0.1m€0.1m€0.1m€0.1m=
Reserves13€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m€0.01m=
Non-distributable reserves130/1---€0.01m€0.01m€0.01m€0.01m€0.01m=
Legal reserve130---€0.01m€0.01m€0.01m€0.01m€0.01m=
Profit (loss) carried forward14€1.0m€1.0m€1.1m€1.3m€0.9m€1.4m€2.6m€1.3m▼ 50.1%
Provisions and deferred taxes16€0.4m€0.4m€0.5m€0.4m€0.3m€0.4m€0.4m€0.3m▼ 11.2%
Provisions for liabilities and charges160/5---€0.4m€0.3m€0.4m€0.4m€0.3m▼ 11.2%
Pensions and similar obligations160---€0.4m€0.3m€0.4m€0.4m€0.3m▼ 11.2%
Amounts payable17/49€2.4m€1.5m€2.1m€1.2m€2.3m€10.5m€9.6m€10.2m▲ 6.1%
Amounts payable within one year42/48€2.4m€1.5m€2.1m€1.2m€2.3m€10.5m€9.6m€10.1m▲ 5.5%
Trade debts44€2.1m€1.2m€1.8m€1.0m€1.7m€8.8m€8.1m€4.1m▼ 49.7%
Suppliers440/4---€1.0m€1.7m€8.8m€8.1m€4.1m▼ 49.7%
Advances received on contracts in progress46---€0.02m€0.05m----
Taxes, remuneration and social security45---€0.2m€0.5m€1.5m€1.4m€0.9m▼ 40.2%
Taxes450/3---€0.05m€0.3m€1.3m€1.2m€0.7m▼ 45.7%
Remuneration and social security454/9---€0.1m€0.2m€0.2m€0.2m€0.2m▼ 7.2%
Other amounts payable47/48-----€0.3m-€5.2m-
Accrued charges and deferred income492/3------€0.07m€0.1m▲ 78.0%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904-€0.05m-€0.009m€0.06m€0.2m€0.1m€0.5m€1.1m€1.2m▲ 8.5%
Operating cash flow (approximation)-€0.05m-€0.009m€0.06m€0.2m€0.1m€0.5m€1.1m€1.2m▲ 8.5%
Investment in fixed assets (approximation)-€0.01m€0-€445€0€0-€0.002m-€0.01m▼ 486%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Public contracts: not fully processed yet. The notices from June 2023 to September 2026 are still being read.