EZTECH
ActiveSummary
The computed 12-month bankruptcy probability of EZTECH is 2.8% (moderate). The 2024 annual accounts show equity of €72,452 and a net result of -€6,524. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 94% of 36386 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability9▼-69
Solvency100▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity ample (current ratio 10.41 against 2.75 in 2023; short-term debt: 9.6% and cash: 98.5% of total assets), and 9.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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 →
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 2024Solvency, return and age of the figures
Solvency
90.4%
Return on assets
-8.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-10-2025, 82 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
82 d late
2023
94 d late
2022
199 d late
2021
562 d late
2020
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 201 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 (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€72,452▼ 8.3%
2023 · €78,976
Total assets
€80,126▼ 35.2%
2023 · €123,587
Net result
-€6,524
2023 · €9,106
Working capital
€72,197▼ 7.6%
2023 · €78,154
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
Line20202021202220232024
Operating result€2,875-€55,569▲ 1,833%€32,371▼ 41.7%€13,194▼ 59.2%-€5,614
Net result€861within the sector's middle half-€40,343above the sector's middle half▲ 4,588%€23,666within the sector's middle half▼ 41.3%€9,106within the sector's middle half▼ 61.5%-€6,524below the sector's middle half
Equity€5,861below the sector's middle half-€46,204within the sector's middle half▲ 688%€69,870within the sector's middle half▲ 51.2%€78,976within the sector's middle half▲ 13.0%€72,452within the sector's middle half▼ 8.3%
Total assets€22,344below the sector's middle half-€72,509within the sector's middle half▲ 225%€105,664within the sector's middle half▲ 45.7%€123,587within the sector's middle half▲ 17.0%€80,126within the sector's middle half▼ 35.2%
Debt€16,484-€26,306▲ 59.6%€35,793▲ 36.1%€44,610▲ 24.6%€7,675▼ 82.8%
Working capital€3,033below the sector's middle half-€44,230within the sector's middle half▲ 1,359%€68,406within the sector's middle half▲ 54.7%€78,154within the sector's middle half▲ 14.3%€72,197within the sector's middle half▼ 7.6%
Solvency26.2%within the sector's middle half-63.7%within the sector's middle half▲ 37.5pp66.1%above the sector's middle half▲ 2.4pp63.9%within the sector's middle half▼ 2.2pp90.4%above the sector's middle half▲ 26.5pp
Current ratio1.18within the sector's middle half-2.68within the sector's middle half▲ 1.502.91within the sector's middle half▲ 0.232.75within the sector's middle half▼ 0.1610.41above the sector's middle half▲ 7.66
Return on assets (ROA)3.9%within the sector's middle half-55.6%above the sector's middle half▲ 51.8pp22.4%above the sector's middle half▼ 33.2pp7.4%within the sector's middle half▼ 15.0pp-8.1%below the sector's middle half▼ 15.5pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €5,614 after €13,194 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €80,126
Fixed assets
€255 ▼ 69.0%
Current assets
€79,872 ▼ 34.9%
Equity and liabilities €80,126
Equity
€72,452 ▼ 8.3%
Debt
€7,675 ▼ 82.8%
Debt's share of the balance-sheet total falls from 36.1% to 9.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,047▼
2023 · €13,836
Cash flow
-€5,957▼
2023 · €9,748
Debt to equity
0.11▼
2023 · 0.56
ROE
-9.0%▼
2023 · 11.5%
Interest coverage
-5.54▼
2023 · 10.56
Debt ≤ 1 year
€7,675▼
2023 · €44,610
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,442 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
7.3%
stopped otherwise
90%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.8% 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 497,662 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 3,442 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €725 | €855 | €871 | €642 | €567 | ▼ 11.7% |
| Other operating charges640/8 | - | €3,562 | €5,844 | €1,189 | €388 | ▼ 67.4% |
| Gross operating margin9900 | €3,724 | €59,986 | €39,085 | €15,025 | -€4,659 | ▼ 131% |
| Operating profit (loss)9901 | €2,875 | €55,569 | €32,371 | €13,194 | -€5,614 | ▼ 143% |
| Financial income75/76B | - | €323 | €829 | €713 | - | - |
| Recurring financial income75 | €96 | €323 | €829 | €713 | - | - |
| Financial charges65/66B | - | €2,101 | €1,658 | €1,310 | €910 | ▼ 30.5% |
| Recurring financial charges65 | €1,936 | €2,101 | €1,658 | €1,310 | €910 | ▼ 30.5% |
| Profit (loss) for the period before taxes9903 | €1,036 | €53,791 | €31,541 | €12,597 | -€6,524 | ▼ 152% |
| Income taxes67/77 | €176 | €13,448 | €7,875 | €3,490 | - | - |
| Profit (loss) for the period9904 | €861 | €40,343 | €23,666 | €9,106 | -€6,524 | ▼ 172% |
| Profit (loss) for the period to be appropriated9905 | €861 | €40,343 | €23,666 | €9,106 | -€6,524 | ▼ 172% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,344 | €72,509 | €105,664 | €123,587 | €80,126 | ▼ 35.2% |
| Fixed assets21/28 | €2,828 | €1,974 | €1,464 | €822 | €255 | ▼ 69.0% |
| Tangible fixed assets22/27 | €2,828 | €1,974 | €1,464 | €822 | €255 | ▼ 69.0% |
| Furniture and vehicles24 | - | €1,974 | €1,464 | €822 | €255 | ▼ 69.0% |
| Current assets29/58 | €19,516 | €70,536 | €104,199 | €122,764 | €79,872 | ▼ 34.9% |
| Stocks and contracts in progress3 | €14,276 | €10,836 | €5,502 | - | - | - |
| Stocks30/36 | - | €10,836 | €5,502 | - | - | - |
| Amounts receivable within one year40/41 | €653 | €10,273 | €11,246 | €15,899 | €986 | ▼ 93.8% |
| Other amounts receivable41 | - | €10,273 | €11,246 | €15,899 | €986 | ▼ 93.8% |
| Cash at bank and in hand54/58 | €4,587 | €49,427 | €87,451 | €106,865 | €78,886 | ▼ 26.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,344 | €72,509 | €105,664 | €123,587 | €80,126 | ▼ 35.2% |
| Equity10/15 | €5,861 | €46,204 | €69,870 | €78,976 | €72,452 | ▼ 8.3% |
| Contributions10/11 | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €861 | €41,204 | €64,870 | €73,976 | €67,452 | ▼ 8.8% |
| Amounts payable17/49 | €16,484 | €26,306 | €35,793 | €44,610 | €7,675 | ▼ 82.8% |
| Amounts payable within one year42/48 | €16,484 | €26,306 | €35,793 | €44,610 | €7,675 | ▼ 82.8% |
| Financial debts43 | - | - | - | - | €74 | - |
| Credit institutions430/8 | - | - | - | - | €74 | - |
| Trade debts44 | €11,325 | €12,149 | €14,164 | €18,581 | €7,589 | ▼ 59.2% |
| Suppliers440/4 | - | €12,149 | €14,164 | €18,581 | €7,589 | ▼ 59.2% |
| Taxes, remuneration and social security45 | - | €14,156 | €21,629 | €26,030 | €12 | ▼ 100.0% |
| Taxes450/3 | - | €14,156 | €21,629 | €26,030 | €12 | ▼ 100.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €861 | €40,343 | €23,666 | €9,106 | -€6,524 | ▼ 172% |
| + Depreciation and write-downs630 | €725 | €855 | €871 | €642 | €567 | ▼ 11.7% |
| Operating cash flow (approximation) | €1,586 | €41,198 | €24,537 | €9,748 | -€5,957 | ▼ 161% |
| Investment in fixed assets (approximation) | - | €0 | -€362 | €0 | €0 | - |
| Change in cash | - | €44,840 | €38,023 | €19,414 | -€27,980 | ▼ 244% |
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
2025
21-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 82 days late
2024
31-12
Financial
Weakest financial yearnet -€6,524
Net result drops to -€6,524, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 10.41
Current ratio from 2.75 to 10.41; short-term debt falls from €44,610 to €7,675.
02-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 94 days late
15-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 199 days late
13-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 562 days late
2021
31-12
Financial
Highest result since 2020net €40,343 ▲4,588%
Operating result €55,569, net result €40,343, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.68
Current ratio from 1.18 to 2.68.
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 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, Gent · 1 establishment unit since 2020
Ground area
150 m²
Building footprint
90 m²
Volume, LiDAR
489 m³
Parcel 44816K0553/00X002, Flanders · tallest building 10.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Eztech
since 20202.299.383.515
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44816K0553/00X002 | Flanders | 150 m² | 1 · 90 m² | 10.8 m · 1 fl. |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 2,339 EUR awarded · 2,339 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 339 EUR | 339 EUR |
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Recognitions · licences · registrations
Recognised contractor
4 categoriesEZTECH BV45235
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,335. 8,779 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
Founded29-01-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0742674164
Also
9925:BE0742674164
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.