Eol'Wapi

Active

Public limited companyfounded 20205 yrs activeQuai Saint-Brice(TOU) 35, 7500 Tournai, BelgiumKBO/BCE: BE 0758.786.260

Summary

Eol'Wapi has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86.65M and a net result of €1.44M. Equity is growing by ~36.3% per year across the filed fiscal years. Its solvency ranks better than 79% of 356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).

Watch Print / PDF

Checked score

Score 2024

74 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability71▼-6

Solvency90▲+3

Growth85=

Track record94

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.85M at 30 days acceptable

Liquidity ample (current ratio 2.7 against 3.05 in 2023; short-term debt: 3.9% and cash: 2.8% of total assets), and 34.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 35

Relative position

BE, all sectors

reference

Sector 35

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

65.3%

Return on assets

1.1%

Age of the figures

21 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

24 d early

2023

47 d early

2022

76 d early

2021

80 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€18.78M▼ 13.5%

2023 · €21.72M

2021: €6.99M 2022: €17.57M 2023: €21.72M

2021 → 2024

EBIT margin

30.7%▼ 11.3pp

2023 · 42.0%

2021: 35.6% 2022: 52.1% 2023: 42.0%

2021 → 2024

Net result

€1.44M▼ 65.9%

2023 · €4.24M

2021: €1.41M 2022: €5.96M 2023: €4.24M

2021 → 2024

Working capital

€8.83M▼ 22.1%

2023 · €11.34M

2021: €2.15M 2022: €6.95M 2023: €11.34M

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€6.99M-€17.57M▲ 151%€21.72M▲ 23.6%€18.78M▼ 13.5%

Equity€41.00M-€41.35M▲ 0.9%€86.44M▲ 109%€86.65M▲ 0.2%

Operating result€2.49M-€9.16M▲ 268%€9.12M▼ 0.4%€5.76M▼ 36.8%

Net result€1.41M-€5.96M▲ 323%€4.24M▼ 28.9%€1.44M▼ 65.9%

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 37% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €132.74M

89.4%

11%

Fixed assets €118.72M ▼ 3.1%

Current assets €14.01M ▼ 17.0%

Equity and liabilities €132.74M

65.3%

33.3%

Equity €86.65M ▲ 0.2%

Provisions €1.88M ▲ 13.3%

Debt €44.21M ▼ 13.8%

Debt's share of the balance-sheet total falls from 36.8% to 33.3%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€14.39M▼

2023 · €17.15M

Cash flow

€10.07M▼

2023 · €12.27M

Current ratio

2.70▼

2023 · 3.05

Debt to equity

0.51▼

2023 · 0.59

ROE

1.7%▼

2023 · 4.9%

ROA

1.1%▼

2023 · 3.0%

Interest coverage

4.29▼

2023 · 5.24

Debt ≤ 1 year

€5.18M▼

2023 · €5.54M

Debt > 1 year

€38.91M▼

2023 · €44.73M

Income taxes

€1.34M▼

2023 · €1.95M

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2024 against 2023 · 74 lines

Balance sheet Code20232024

Assets

Total assets20/58€139.39M€132.74M▼

Fixed assets21/28€122.51M€118.72M▼

Intangible fixed assets21€38.50M€35.81M▼

Tangible fixed assets22/27€84.01M€82.91M▼

Land and buildings22€254k€243k▼

Plant, machinery and equipment23€80.10M€78.62M▼

Assets under construction and advance payments27€3.65M€4.05M▲

Financial fixed assets28€400€400=

Other financial fixed assets284/8€400€400=

Shares284€400€400=

Current assets29/58€16.88M€14.01M▼

Amounts receivable after more than one year29-€545k

Other amounts receivable291-€545k

Amounts receivable within one year40/41€15.77M€9.54M▼

Trade receivables40€8.62M€6.47M▼

Other amounts receivable41€7.15M€3.07M▼

Current investments50/53€809k-

Other investments51/53€809k-

Cash at bank and in hand54/58€64k€3.67M▲

Deferred charges and accrued income490/1€239k€251k▲

Equity and liabilities

Total equity and liabilities10/49€139.39M€132.74M▼

Equity10/15€86.44M€86.65M▲

Contributions10/11€85.24M€85.24M=

Capital10€85.24M€85.24M=

Issued capital100€85.24M€85.24M=

Reserves13€580k€652k▲

Non-distributable reserves130/1€580k€652k▲

Legal reserve130€580k€652k▲

Profit (loss) carried forward14€620k€757k▲

Provisions and deferred taxes16€1.66M€1.88M▲

Provisions for liabilities and charges160/5€1.66M€1.88M▲

Environmental obligations163€1.66M€1.88M▲

Amounts payable17/49€51.30M€44.21M▼

Amounts payable after more than one year17€44.73M€38.91M▼

Financial debts170/4€44.73M€36.73M▼

Other loans174€44.73M€36.73M▼

Trade debts175-€2.18M

Suppliers1750-€2.18M

Amounts payable within one year42/48€5.54M€5.18M▼

Trade debts44€923k€3.40M▲

Suppliers440/4€923k€3.40M▲

Taxes, remuneration and social security45€1.02M€546k▼

Taxes450/3€1.02M€546k▼

Other amounts payable47/48€3.60M€1.23M▼

Accrued charges and deferred income492/3€1.02M€114k▼

Income statement Code20232024

Operating income70/76A€22.07M€18.87M▼

Turnover70€21.72M€18.78M▼

Other operating income74€349k€88k▼

Operating charges60/66A€12.94M€13.11M▲

Services and other goods61€3.94M€3.88M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8.03M€8.63M▲

Provisions for liabilities and charges: additions (uses and reversals)635/8€216k€220k▲

Other operating charges640/8€765k€385k▼

Operating profit (loss)9901€9.12M€5.76M▼

Financial income75/76B€360k€392k▲

Recurring financial income75€360k€392k▲

Income from current assets751€357k€392k▲

Other financial income752/9€2k-

Financial charges65/66B€3.30M€3.37M▲

Recurring financial charges65€3.30M€3.37M▲

Debt charges650€3.27M€3.35M▲

Other financial charges652/9€28k€18k▼

Profit (loss) for the period before taxes9903€6.18M€2.78M▼

Income taxes67/77€1.95M€1.34M▼

Taxes670/3€1.95M€1.34M▼

Tax adjustments and reversals of tax provisions77€1k-

Profit (loss) for the period9904€4.24M€1.44M▼

Profit (loss) for the period to be appropriated9905€4.24M€1.44M▼

Appropriation of the result

Profit (loss) to be appropriated9906€4.43M€2.06M▼

Profit (loss) brought forward from the previous period14P€195k€620k▲

Transfer to equity691/2€212k€72k▼

To the legal reserve6920€212k€72k▼

Profit to be distributed694/7€3.60M€1.23M▼

Return on contributions (dividend)694€3.60M€1.23M▼

The notes to these accounts (43 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 2Gazette 1Filings 4

2026

24-09

State Gazette act Resignation: Olivier Bontems (director)

Appointments: Camille Destrebecq (director) and Christophe Bonchoux (managing director)6 facts ▸

Board meeting, 09-09-2026
Other statement, 14-08-2026
Other statement, 03-07-2026
Director resignation, Olivier Bontems (director)
Director appointment, Camille Destrebecq (director)
Director appointment, Christophe Bonchoux (managing director)

2025

07-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

14-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

31-12

Financial Equity above €50MEq €86.44M ▲109%

3 profitable years in a row build equity to €86.44M.

16-05

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Highest result since 2021net €5.96M ▲323%

Operating result €9.16M, net result €5.96M, both a record.

12-05

NBB filing Annual accounts filed

fiscal year 2021 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 directors, no change since 2026

BONCHOUX Christophe

Managing director · since 24-09-2026

Current

Camille Destrebecq

Director · since 24-09-2026

Current

24-09-2026 BONCHOUX Christophe: Appointed as Managing director

24-09-2026 Camille Destrebecq: Appointed as Director

24-09-2026 Olivier Bontems: Resigned as Director

Location & real-estate footprint

Registered office, Tournai · 1 establishment unit since 2020

establishment approximate The establishment unit on the map

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.

Quai Saint-Brice(TOU) 357500 Tournai

Ground area

122 m²

Building footprint

59 m²

Volume, LiDAR

777 m³

Parcel 57462D0332/00A000, Wallonia · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.

1 establishment unit

Eol'Wapi

Quai Saint-Brice(TOU) 35, 7500 TournaiProduction of electricity from non-renewable sources

since 20202.389.084.561

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
57462D0332/00A000	Wallonia	122 m²	1 · 59 m²	14.5 m · 4 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.

Structure & network

Connections & network

3 connected companies

Shared directors

Linked via shared directors

AGENCE DE STIMULATION ECONOMIQUE DE WALLONIE PICARDE

via BONCHOUX Christophe · Permanent representative

→

BEBE BOULOT

via BONCHOUX Christophe · Secrétaire général délégué à la gestion journalière

former→

SOCOFE

via BONCHOUX Christophe · Director

former→

Similar companies · same sector, comparable size

ECOPOWER

BE 0445.389.356

Antwerpen · Eq €66.09M

Northwind

BE 0894.163.222

Kortrijk · Eq €54.62M

Machelen (Brab.) · Eq €32.39M

ActiVent Wallonie

BE 0683.894.441

Charleroi · Eq €18.57M

Of 150 companies in sector 35120 we hold annual accounts for 80. 8 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded26-11-2020

Fiscal year end31-12

Activities, NACEBEL 2025

35120Electricity, gas, steam and air conditioning supply

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.