Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Annual account missing NBB
Fiscal year 2025 was expected before 30 April 2026 and has not been filed.
Financials
Financial year 2024
Eqwal from Gent, company number BE0426419720, closed financial year 2024 with a result of € 2.4 million after tax. For that financial year Eqwal recorded revenue of € 34.5 million and equity of € 9.7 million. Compared with financial year 2023, the result moved from € 2.5 million to € 2.4 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 17, 2025.
€ 9.7 million
▲ 42% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.4 million
▼ 3% vs 2023
Profit after tax over the fiscal year.
€ 158,465
▼ 90% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 3.8 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2024
158.1
▲ 46.9 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 11.3 million
▲ 40% vs 2023
€ 71,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 546,540
▼ 10% vs 2023
Of which on lease € 186,656.
Debts at end 2024
€ 416,626
▼ 17% vs 2023
€ 171,570 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 5.8 million
▲ 63% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 105 days on average.
€ 4.3 million
▲ 27% vs 2023
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Revenue | € 21,889,872 | € 26,051,563 | € 34,482,310 | ▲ 32% |
| Profit after taxes | € 2,482,145 | € 2,451,613 | € 2,385,502 | ▼ 3% |
| Equity | € 6,856,976 | € 6,858,589 | € 9,722,494 | ▲ 42% |
| Total debts | € 6,707,628 | € 10,209,551 | € 14,603,458 | ▲ 43% |
| Cash | € 1,601,645 | € 1,529,944 | € 158,465 | ▼ 90% |
| Land & buildings | € 34,869 | € 78,426 | € 109,974 | ▲ 40% |
| Retained profit | € 6,141,896 | € 6,143,509 | € 8,913,808 | ▲ 45% |
| Dividend | € 1,000,000 | € 2,450,000 | € 3,800,000 | ▲ 55% |
| Bank debt | € 448,165 | € 500,007 | € 416,626 | ▼ 17% |
| Balance sheet total | € 13,564,604 | € 17,068,140 | € 24,325,952 | ▲ 43% |
| Employees (FTE) | 100.2 | 111.2 | 158.1 | ▲ 46.9 |
Key figures of Eqwal, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 April 2026.
What happened to Eqwal?
What happened at Eqwal in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Finicoma BV stepped down as director. NBB
- New establishment in Wijnegem. KBO
- New establishment in Hasselt. KBO
- New annual accounts for financial year 2024: profit of € 2.4 million (▼ 3% vs 2023). Source: NBB ↗
- New establishment in Antwerpen. KBO
- Finicoma BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.5 million profit in 2022 to € 2.4 million profit in 2024.
Paid € 2.9 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.5 million profit.
Paid out € 7.3 million in dividends to the owners in total.
Management
The shares are held by Finicoma BV (100%). It owns 0% of Orthoshop itself.
Directors
According to the 2024 annual accounts
Managing director · represented by Jean-Pierre Mahé
Also active at: CAROSKIN, ORTHOSHOP, DE PRETRE ORTHOPEDIE, Eqwal Charleroi, SOCIETE DISTRIBUTION MEDICALE, BASILIC ORTHO PEDIA, Eqwal Care Namur, SCHOENEN REYSKENS +13 more
since 2020 · until 2026
Shareholders
100%
Participations
0%
Establishments
Establishment units
Physical locations of this company
Herman Teirlinckstraat 15
9041 Gent
Krijgsbaan 3
2110 Wijnegem
Active since 15 January 2026
Bisschoppenhoflaan 585
2100 Antwerpen
Active since 1 June 2024
Gouverneur Roppesingel 10
3500 Hasselt
Active since 9 September 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.419.720
- VAT number
- BE 0426.419.720
- Registered office
- Herman Teirlinckstraat 15, 9041 Gent
- Names & denominations
- Eqwal
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 1984
- Peppol
- Active · Active since 17 Oct 2025
- Activities · NACE
Vervaardiging van medische en tandheelkundige instrumenten en benodigdheden
Vervaardiging van orthopedische artikelen en prothesen
Groothandel in farmaceutische en medische artikelen
Detailhandel in medische en orthopedische artikelen
Groothandel in farmaceutische producten
Detailhandel in medische en orthopedische artikelen, muv corrigerende brillen, lenzen en zonnebrillen
Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels