EWAL
ActiveSummary
EWAL has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €686k and a net result of €60k. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 91% of 913 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+4
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 8.96 against 6.88 in 2024; short-term debt: 9% and cash: 2% of total assets), and 10% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Sector 77
higher
← 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
90%
Return on assets
7.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
30 d early
2023
14 d early
2022
45 d early
2021
41 d early
2020
43 d early
2019
45 d early
← before the deadline
after the deadline →
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€686k▲ 9.6%
2024 · €625k
2018: €341k
2019: €386k
2020: €484k
2021: €523k
2022: €541k
2023: €589k
2024: €625k
2018 → 2025
Total assets
€762k▲ 5.1%
2024 · €725k
2018: €471k
2019: €626k
2020: €769k
2021: €714k
2022: €681k
2023: €718k
2024: €725k
2018 → 2025
Net result
€60k▲ 64.6%
2024 · €37k
2018: €13k
2019: €45k
2020: €98k
2021: €39k
2022: €18k
2023: €47k
2024: €37k
2018 → 2025
Working capital
€546k▲ 20.4%
2024 · €453k
2018: €221k
2019: €226k
2020: €298k
2021: €375k
2022: €364k
2023: €386k
2024: €453k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€523k-€541k▲ 3.5%€589k▲ 8.8%€625k▲ 6.2%€686k▲ 9.6%
Operating result€48k-€20k▼ 57.8%€68k▲ 235%€47k▼ 30.1%€76k▲ 60.3%
Net result€39k-€18k▼ 52.9%€47k▲ 158%€37k▼ 23.1%€60k▲ 64.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 60% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €762k
Fixed assets
€148k ▼ 24.0%
Current assets
€614k ▲ 15.8%
Equity and liabilities €762k
Equity
€686k ▲ 9.6%
Debt
€77k ▼ 23.1%
Debt's share of the balance-sheet total falls from 13.7% to 10.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€170k▲
2024 · €135k
Cash flow
€154k▲
2024 · €125k
Current ratio
8.96▲
2024 · 6.88
Debt to equity
0.11▼
2024 · 0.16
ROE
8.8%▲
2024 · 5.8%
ROA
7.9%▲
2024 · 5.0%
Interest coverage
73.27▲
2024 · 40.50
Debt ≤ 1 year
€69k▼
2024 · €77k
Debt > 1 year
€8k▼
2024 · €22k
Income taxes
€14k▲
2024 · €9k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€725k€762k▲
Fixed assets21/28€195k€148k▼
Tangible fixed assets22/27€194k€147k▼
Land and buildings22€28k€28k=
Plant, machinery and equipment23€87k€78k▼
Furniture and vehicles24€80k€42k▼
Financial fixed assets28€620€537▼
Current assets29/58€530k€614k▲
Amounts receivable within one year40/41€517k€592k▲
Trade receivables40€231k€2k▼
Other amounts receivable41€286k€591k▲
Cash at bank and in hand54/58€10k€15k▲
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€725k€762k▲
Equity10/15€625k€686k▲
Contributions10/11€48k€49k▲
Reserves13€139k€139k▼
Tax-exempt reserves132€15k€15k=
Distributable reserves133€124k€123k▼
Profit (loss) carried forward14€438k€498k▲
Amounts payable17/49€100k€77k▼
Amounts payable after more than one year17€22k€8k▼
Financial debts170/4€22k€8k▼
Amounts payable within one year42/48€77k€69k▼
Current portion of amounts payable after more than one year42€18k€14k▼
Trade debts44€7k€6k▼
Suppliers440/4€7k€6k▼
Taxes, remuneration and social security45€35k€47k▲
Taxes450/3€35k€47k▲
Other amounts payable47/48€17k€943▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€88k€93k▲
Other operating charges640/8€758€2k▲
Gross operating margin9900€136k€172k▲
Operating profit (loss)9901€47k€76k▲
Financial income75/76B€1k€834▼
Recurring financial income75€1k€834▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€45k€75k▲
Income taxes67/77€9k€14k▲
Profit (loss) for the period9904€37k€60k▲
Profit (loss) for the period to be appropriated9905€37k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€438k€498k▲
Profit (loss) brought forward from the previous period14P€401k€438k▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €523k ▲8.1%
4 profitable years in a row build equity to €523k.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €98k ▲120%
Operating result €132k, net result €98k, both a record.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Tessenderlo-Ham · 1 establishment unit since 2013
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.
Truibroek 73945 Tessenderlo-HamGround area
2,736 m²
Building footprint
1,096 m²
Volume, LiDAR
4,864 m³
Parcel 71046B0769/00D000, Flanders · tallest building 5.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
EWAL
since 20132.217.713.968
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71046B0769/00D000 | Flanders | 2,736 m² | 1 · 1,096 m² | 5.8 m · 1 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.
Similar companies · same sector, comparable size
L & L CMP
BE 0447.479.608
Geel · Eq €687k
MatrixDecor Support
BE 0466.101.925
Tielt · Eq €681k
SWING
BE 0440.949.528
Merelbeke-Melle · Eq €674k
Vidi - Square AV Solutions
BE 0460.452.268
Duffel · Eq €667k
ADC PRODUCTION
BE 0432.949.107
Zaventem · Eq €659k
Of 517 companies in sector 77222 we hold annual accounts for 165. 105 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 formPrivate limited company
Founded22-12-1983
Fiscal year end31-12
Activities, NACEBEL 2025
77222Rental and leasing activities
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.