EWA engineering
ActiveSummary
EWA engineering has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,600 and a net result of €8,344. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 17% of 9743 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+2
Solvency38▼-62
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity tight (current ratio 1.12 against 5.36 in 2024; short-term debt: 86.9% and cash: 55.2% of total assets), and 86.9% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer 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
13.1%
Return on assets
5.9%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9743 sector peers (2025).
NBB · sector comparisonPosition among 9743 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 21-04-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
1 d early
2023
5 d early
2022
3 d early
2021
9 d early
2020
on the day
2019
1 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 4 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 26 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€18,600▼ 79.5%
2024 · €90,828
Total assets
€142,081▲ 27.8%
2024 · €111,195
Net result
€8,344
2024 · -€859
Working capital
€14,337▼ 83.5%
2024 · €86,810
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4,293▼ 28.1%€45,290▲ 955%€36,417▼ 19.6%€1,358▼ 96.3%€14,221▲ 947%
Net result€3,787within the sector's middle half▼ 25.4%€35,583within the sector's middle half▲ 840%€28,013within the sector's middle half▼ 21.3%-€859below the sector's middle half€8,344within the sector's middle half
Equity€69,591within the sector's middle half▲ 5.8%€96,674within the sector's middle half▲ 38.9%€91,687within the sector's middle half▼ 5.2%€90,828within the sector's middle half▼ 0.9%€18,600below the sector's middle half▼ 79.5%
Total assets€83,660within the sector's middle half▲ 0.6%€131,454within the sector's middle half▲ 57.1%€132,361within the sector's middle half▲ 0.7%€111,195within the sector's middle half▼ 16.0%€142,081within the sector's middle half▲ 27.8%
Debt€14,068▼ 19.0%€34,780▲ 147%€40,675▲ 16.9%€20,367▼ 49.9%€123,481▲ 506%
Working capital€67,477within the sector's middle half▲ 3.8%€93,166within the sector's middle half▲ 38.1%€82,977within the sector's middle half▼ 10.9%€86,810within the sector's middle half▲ 4.6%€14,337within the sector's middle half▼ 83.5%
Solvency83.2%above the sector's middle half▲ 4.1pp73.5%within the sector's middle half▼ 9.6pp69.3%within the sector's middle half▼ 4.3pp81.7%above the sector's middle half▲ 12.4pp13.1%below the sector's middle half▼ 68.6pp
Current ratio5.85above the sector's middle half▲ 1.003.70within the sector's middle half▼ 2.153.06within the sector's middle half▼ 0.645.36above the sector's middle half▲ 2.311.12below the sector's middle half▼ 4.25
Return on assets (ROA)4.5%within the sector's middle half▼ 1.6pp27.1%above the sector's middle half▲ 22.5pp21.2%within the sector's middle half▼ 5.9pp-0.8%below the sector's middle half▼ 21.9pp5.9%within the sector's middle half▲ 6.6pp
Staff (FTE)111=
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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 recovers in 2025; 2025 is 947% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €142,081
Fixed assets
€4,263 ▼ 5.0%
Current assets
€137,817 ▲ 29.2%
Equity and liabilities €142,081
Equity
€18,600 ▼ 79.5%
Debt
€123,481 ▲ 506%
Debt's share of the balance-sheet total rises from 18.3% to 86.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15,830▲
2024 · €4,892
Cash flow
€9,953▲
2024 · €2,675
Debt to equity
6.64▲
2024 · 0.22
ROE
44.9%▲
2024 · -0.9%
Interest coverage
5.30▼
2024 · 11.25
Debt ≤ 1 year
€123,481▲
2024 · €19,899
Income taxes
€2,946▲
2024 · €1,791
Staff costs
€6,272▼
2024 · €35,267
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 5,053 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 | €140 | €113 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €4,941 | €30,442 | €38,691 | €35,267 | €6,272 | ▼ 82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €359 | €633 | €3,212 | €3,533 | €1,609 | ▼ 54.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,920 | - |
| Other operating charges640/8 | €1,137 | €706 | €1,236 | €1,073 | €467 | ▼ 56.4% |
| Non-recurring operating charges66A | €84 | €0 | - | - | - | - |
| Gross operating margin9900 | €10,814 | €77,071 | €79,556 | €41,232 | €24,490 | ▼ 40.6% |
| Operating profit (loss)9901 | €4,293 | €45,290 | €36,417 | €1,358 | €14,221 | ▲ 947% |
| Financial income75/76B | €1,627 | €1,461 | €1,371 | €8 | €55 | ▲ 564% |
| Recurring financial income75 | €1,627 | €1,461 | €1,371 | €8 | €55 | ▲ 564% |
| Financial charges65/66B | €398 | €402 | €300 | €435 | €2,987 | ▲ 587% |
| Recurring financial charges65 | €398 | €402 | €300 | €435 | €2,987 | ▲ 587% |
| Profit (loss) for the period before taxes9903 | €5,522 | €46,349 | €37,488 | €932 | €11,290 | ▲ 1,111% |
| Income taxes67/77 | €1,734 | €10,766 | €9,475 | €1,791 | €2,946 | ▲ 64.5% |
| Profit (loss) for the period9904 | €3,787 | €35,583 | €28,013 | -€859 | €8,344 | ▲ 1,072% |
| Profit (loss) for the period to be appropriated9905 | €3,787 | €35,583 | €28,013 | -€859 | €8,344 | ▲ 1,072% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,660 | €131,454 | €132,361 | €111,195 | €142,081 | ▲ 27.8% |
| Fixed assets21/28 | €2,266 | €3,769 | €9,038 | €4,486 | €4,263 | ▼ 5.0% |
| Tangible fixed assets22/27 | €1,826 | €3,062 | €8,019 | €4,486 | €4,263 | ▼ 5.0% |
| Plant, machinery and equipment23 | - | - | - | - | €1,147 | - |
| Furniture and vehicles24 | €908 | €2,327 | €3,764 | €800 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €918 | €734 | €4,255 | €3,686 | €3,116 | ▼ 15.5% |
| Financial fixed assets28 | €441 | €708 | €1,019 | €0 | - | - |
| Current assets29/58 | €81,394 | €127,685 | €123,323 | €106,709 | €137,817 | ▲ 29.2% |
| Amounts receivable within one year40/41 | €53,869 | €38,934 | €41,993 | €66,677 | €54,667 | ▼ 18.0% |
| Trade receivables40 | €32,512 | €13,204 | €41,993 | €65,892 | €54,354 | ▼ 17.5% |
| Other amounts receivable41 | €21,357 | €25,729 | €0 | €786 | €313 | ▼ 60.1% |
| Cash at bank and in hand54/58 | €23,945 | €80,208 | €77,677 | €37,043 | €78,373 | ▲ 112% |
| Deferred charges and accrued income490/1 | €3,579 | €8,543 | €3,653 | €2,989 | €4,778 | ▲ 59.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,660 | €131,454 | €132,361 | €111,195 | €142,081 | ▲ 27.8% |
| Equity10/15 | €69,591 | €96,674 | €91,687 | €90,828 | €18,600 | ▼ 79.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €50,860 | €78,060 | €73,060 | €72,201 | €0 | ▼ 100% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | €49,000 | €76,200 | €71,200 | €72,201 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €131 | €14 | €27 | €27 | €0 | ▼ 100% |
| Amounts payable17/49 | €14,068 | €34,780 | €40,675 | €20,367 | €123,481 | ▲ 506% |
| Amounts payable within one year42/48 | €13,916 | €34,519 | €40,347 | €19,899 | €123,481 | ▲ 521% |
| Financial debts43 | €1,114 | €1,107 | €725 | €0 | €246 | - |
| Credit institutions430/8 | €1,114 | €1,107 | €725 | €0 | €246 | - |
| Trade debts44 | €4,668 | €8,796 | €4,691 | €7,616 | €5,316 | ▼ 30.2% |
| Suppliers440/4 | €4,668 | €8,796 | €4,691 | €7,616 | €5,316 | ▼ 30.2% |
| Advances received on contracts in progress46 | - | - | - | - | €25,766 | - |
| Taxes, remuneration and social security45 | €8,134 | €16,117 | €28,500 | €12,283 | €11,581 | ▼ 5.7% |
| Taxes450/3 | €5,083 | €5,939 | €16,660 | €8,009 | €9,193 | ▲ 14.8% |
| Remuneration and social security454/9 | €3,051 | €10,178 | €11,839 | €4,274 | €2,389 | ▼ 44.1% |
| Other amounts payable47/48 | - | €8,500 | €6,431 | €0 | €80,572 | - |
| Accrued charges and deferred income492/3 | €152 | €261 | €328 | €468 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,787 | €35,583 | €28,013 | -€859 | €8,344 | ▲ 1,072% |
| + Depreciation and write-downs630 | €359 | €633 | €3,212 | €3,533 | €1,609 | ▼ 54.5% |
| Operating cash flow (approximation) | €4,146 | €36,216 | €31,225 | €2,675 | €9,953 | ▲ 272% |
| Investment in fixed assets (approximation) | - | -€2,136 | -€8,481 | €1,019 | -€1,386 | ▼ 236% |
| Change in cash | - | €56,262 | -€2,530 | -€40,634 | €41,329 | ▲ 202% |
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
21-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €8,344
Net result €8,344 after one loss-making year.
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€859
Net result drops to -€859, the lowest in the series; recovery starts the following year.
25-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2019net €35,583 ▲840%
Operating result €45,290, net result €35,583, both a record.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Watermaal-Bosvoorde · 2 establishment units since 2015
Ground area
2,464 m²
Building footprint
808 m²
Volume, LiDAR
9,799 m³
2 parcels, Brussels, Wallonia · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
87
companies at this address
See who is registered here
2 establishment units
EWA engineering
since 2015unit no. 2.241.960.109
EWA Engineering
since 2020unit no. 2.307.019.789
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0165/00Y007 | Brussels | 2,183 m² | 1 · 716 m² | 19.5 m · 5 fl. |
| 92094B0050/00R011 | Wallonia | 281 m² | 1 · 92 m² | - |
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.
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Of 11,567 companies in this sector we hold annual accounts for 6,567. 3,879 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded08-05-2015
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0629916416
Registered
20-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.