EWL
ActiveEWL has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-30k) and a net result of €-145k. Equity is growing by ~25.7% per year across the filed fiscal years. Its solvency ranks better than 11% of 7431 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
28
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability7▼-12
Solvency23▼-16
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.24 against 0.7 in 2024; short-term debt: 76.6% and cash: 0.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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 2025Solvency, return and age of the figures
Solvency
-1.9%
Return on assets
-9.2%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €-30k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
16 d early
2023
57 d early
2022
40 d early
2021
48 d early
2020
38 d early
2019
37 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-30k
2024 · €116k
2019: €14k
2020: €-14k
2021: €79k
2022: €101k
2023: €156k
2024: €116k
2019 → 2025
Total assets
€1.58M▲ 95.8%
2024 · €805k
2019: €377k
2020: €810k
2021: €435k
2022: €927k
2023: €775k
2024: €805k
2019 → 2025
Net result
€-145k▼ 256%
2024 · €-41k
2019: €-4k
2020: €-29k
2021: €11k
2022: €23k
2023: €55k
2024: €-41k
2019 → 2025
Working capital
€293k
2024 · €-98k
2019: €-20k
2020: €238k
2021: €39k
2022: €-64k
2023: €-83k
2024: €-98k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€79k-€101k▲ 28.8%€156k▲ 54.5%€116k▼ 26.1%€-30k
Operating result€38k-€85k▲ 125%€129k▲ 52.9%€14k▼ 89.3%€-68k
Net result€11k-€23k▲ 101%€55k▲ 144%€-41k€-145k▼ 256%
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 2025: a loss of €68k after €14k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.58M
Fixed assets
€76k▼ 86.9%
Current assets
€1.50M▲ 563%
Key figures and ratios
EBITDA
€-37k▼
2024 · €45k
Cash flow
€-114k▼
2024 · €-10k
Solvency
-1.9%▼
2024 · 14.4%
Current ratio
1.24▲
2024 · 0.70
Quick ratio
0.05▼
2024 · 0.14
Debt / equity
-53.94▼
2024 · 5.96
ROA
-9.2%▼
2024 · -5.1%
Interest coverage
-0.48▼
2024 · 0.77
Debt
€1.61M▲
2024 · €689k
Debt ≤ 1 year
€1.21M▲
2024 · €324k
Debt > 1 year
€397k▲
2024 · €359k
Income taxes
€288▲
2024 · €192
Staff costs
€59k▲
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€805k€1.58M▲
Fixed assets21/28€579k€76k▼
Tangible fixed assets22/27€575k€72k▼
Land and buildings22€202k€0▼
Plant, machinery and equipment23€33k€22k▼
Furniture and vehicles24€70k€50k▼
Assets under construction and advance payments27€271k€0▼
Financial fixed assets28€4k€4k=
Current assets29/58€226k€1.50M▲
Stocks and contracts in progress3€180k€1.44M▲
Stocks30/36€180k€1.44M▲
Amounts receivable within one year40/41€35k€60k▲
Trade receivables40€32k€32k▲
Other amounts receivable41€2k€28k▲
Cash at bank and in hand54/58€11k€5k▼
Deferred charges and accrued income490/1€376€7▼
Equity and liabilities
Total equity and liabilities10/49€805k€1.58M▲
Equity10/15€116k€-30k▼
Contributions10/11€100k€100k=
Profit (loss) carried forward14€16k€-130k▼
Amounts payable17/49€689k€1.61M▲
Amounts payable after more than one year17€359k€397k▲
Financial debts170/4€359k€397k▲
Amounts payable within one year42/48€324k€1.21M▲
Current portion of amounts payable after more than one year42€20k€23k▲
Financial debts43€118k€962k▲
Credit institutions430/8€113k€446k▲
Other loans439€5k€516k▲
Trade debts44€51k€58k▲
Suppliers440/4€51k€58k▲
Taxes, remuneration and social security45€66k€2k▼
Taxes450/3€65k€0▼
Remuneration and social security454/9€1k€2k▲
Other amounts payable47/48€70k€162k▲
Accrued charges and deferred income492/3€6k€645▼
Income statement
Code20242025
Remuneration, social security and pensions62€14k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k▼
Other operating charges640/8€27k€8k▼
Non-recurring operating charges66A-€955
Gross operating margin9900€86k€30k▼
Operating profit (loss)9901€14k€-68k▼
Financial income75/76B€4k€262▼
Recurring financial income75€4k€262▼
Financial charges65/66B€59k€77k▲
Recurring financial charges65€59k€77k▲
Profit (loss) for the period before taxes9903€-41k€-145k▼
Income taxes67/77€192€288▲
Profit (loss) for the period9904€-41k€-145k▼
Profit (loss) for the period to be appropriated9905€-41k€-145k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€-130k▼
Profit (loss) brought forward from the previous period14P€56k€16k▼
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-145k
Net result drops to €-145k, the lowest in the series.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2019net €55k ▲144%
Operating result €129k, net result €55k, both a record.
31-12
Financial
Equity above €150kEq €156k ▲54.5%
3 profitable years in a row build equity to €156k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €101k ▲28.8%
2 profitable years in a row build equity to €101k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity quadruplescurrent ratio 2.03
Current ratio from 0.47 to 2.03.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Essen · 1 establishment unit since 2018
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.
Oude Baan 2562910 EssenGround area
970 m²
Building footprint
152 m²
Volume, LiDAR
787 m³
Parcel 11642D0530/02D000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EWL
since 20182.275.785.195
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11642D0530/02D000 | Flanders | 969 m² | 1 · 152 m² | 9.0 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 585 EUR awarded · 570 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 335 EUR | 335 EUR |
| 2024 | 1 | 130 EUR | 115 EUR |
| 2022 | 1 | 120 EUR | 120 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
2 categoriesEWL BV41763
Dual-learning approval
4 live approvalsMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Similar companies · same sector, comparable size
I.D.R. CONSTRUCT
BE 0886.923.656
Sint-Lambrechts-Woluwe · Eq €116k
J/WYCKHUYS
BE 0791.619.473
Wingene · Eq €115k
VANCEA
BE 0886.964.436
Overijse · Eq €115k
BOUWWERKEN TEUGELS
BE 0711.869.934
Kapelle-op-den-Bos · Eq €115k
JGE CONSTRUCT
BE 1005.261.181
Zonnebeke · Eq €115k
Of 2,452 companies in sector 41003 we hold annual accounts for 1,055. 754 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-05-2018
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
41003General construction of other non-residential buildings
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82190Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.