Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 17 to 4.8.
Financials
Financial year 2024
E&H PROJECTS from Genk, company number BE0429611218, closed financial year 2024 with a result of € 93,869 after tax. For that financial year E&H PROJECTS recorded a gross margin of € 269,813 and equity of € 765,713. Compared with financial year 2023, the result moved from € 120,935 to € 93,869. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 10, 2025.
€ 765,713
▲ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 93,869
▼ 22% vs 2023
Profit after tax over the fiscal year.
€ 135,327
▼ 15% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 703,713.
People and assets in 2024
4.8
▼ 1.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 156,460
▼ 44% vs 2023
€ 32,600 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.
€ 18,290
▼ 52% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 9,121
▼ 56% vs 2023
Loans from banks and other lenders, long and short.
€ 8.9 million
▲ 12% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 54,355
▼ 48% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,083,303 | € 734,470 | € 936,292 | € 269,813 | ▼ 71% |
| Profit after taxes | € 98,537 | € 199,949 | € 120,935 | € 93,869 | ▼ 22% |
| Equity | € 350,959 | € 550,909 | € 671,844 | € 765,713 | ▲ 14% |
| Total debts | € 3,718,523 | € 7,286,571 | € 8,100,334 | € 9,015,879 | ▲ 11% |
| Cash | € 417,096 | € 60,773 | € 158,743 | € 135,327 | ▼ 15% |
| Land & buildings | € 388 | € 20,966 | € 18,572 | € 16,373 | ▼ 12% |
| Retained profit | € 288,959 | € 488,909 | € 609,844 | € 703,713 | ▲ 15% |
| Bank debt | € 67,793 | € 44,413 | € 20,847 | € 9,121 | ▼ 56% |
| Balance sheet total | € 4,138,493 | € 7,906,490 | € 8,841,188 | € 9,850,603 | ▲ 11% |
| Employees (FTE) | 25.2 | 17 | 6.3 | 4.8 | ▼ 1.5 |
Key figures of E&H PROJECTS, fiscal years 2021 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 31 July 2026.
What happened to E&H PROJECTS?
What happened at E&H PROJECTS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 93,869 (▼ 22% vs 2023). filed late Source: NBB ↗
- YILDIRIM CAR stepped down as director. NBB
- AYHAN BILGIC became a director. NBB
- YILDIRIM CAR became a director. NBB
- New establishment in Genk. KBO
- Start of the company according to the CBE. KBO
In short
From € 98,537 profit in 2021 to € 93,869 profit in 2024.
Paid € 187,816 in corporate taxes since 2021.
Best year ever: 2022, with € 199,949 profit.
On average € 56,200 of value added per employee in 2024.
Management
Behind E&H PROJECTS is AYHAN BILGIC. AYHAN BILGIC is also behind Work2Do, EH GROEP and EH SERVICES.
Directors
According to the 2024 annual accounts
since 2021
since 2021 · until 2024
Establishments
Establishment units
Physical locations of this company
Hengelhoefstraat 166
3600 Genk
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
- 0429.611.218
- VAT number
- BE 0429.611.218
- Registered office
- Hengelhoefstraat 166, 3600 Genk
- Names & denominations
- E&H PROJECTS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 October 1986
- Peppol
- Active · Active since 10 Sept 2025
- Activities · NACE
Algemene elektrotechnische installatiewerken
Installatie van isolatie
Isolatiewerkzaamheden