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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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
E.A.P. from Zele, company number BE0436805054, closed financial year 2025 with a result of € 121,463 after tax. For that financial year E.A.P. recorded a gross margin of € 226,346 and equity of € 753,106. Compared with financial year 2024, the result moved from € 70,337 to € 121,463. Profitable, and profit is growing. 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 June 16, 2026.
€ 753,106
▲ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 121,463
▲ 73% vs 2024
Profit after tax over the fiscal year.
€ 9,437
▲ 174% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 691,106.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 161,408
▼ 27% vs 2024
€ 50,655 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 89,152
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 57,977
▲ € 50,205 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 159,684 | € 158,190 | € 157,503 | € 226,346 | ▲ 44% |
| Profit after taxes | € 68,162 | € 68,157 | € 70,337 | € 121,463 | ▲ 73% |
| Equity | € 489,189 | € 558,666 | € 630,324 | € 753,106 | ▲ 19% |
| Total debts | € 832,772 | € 740,510 | € 620,947 | € 540,473 | ▼ 13% |
| Cash | € 7,976 | € 8,937 | € 3,447 | € 9,437 | ▲ 174% |
| Land & buildings | € 1,110,441 | € 1,060,194 | € 1,012,656 | € 982,600 | ▼ 3% |
| Retained profit | € 427,189 | € 496,666 | € 568,324 | € 691,106 | ▲ 22% |
| Bank debt | € 330,767 | € 270,599 | € 221,007 | € 161,408 | ▼ 27% |
| Balance sheet total | € 1,379,948 | € 1,352,998 | € 1,300,930 | € 1,339,075 | ▲ 3% |
Key figures of E.A.P., fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to E.A.P.?
What happened at E.A.P. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 121,463 (▲ 73% vs 2024). Source: NBB ↗
- New establishment in Zele. KBO
- Start of the company according to the CBE. KBO
In short
From € 68,162 profit in 2022 to € 121,463 profit in 2025.
Paid € 125,408 in corporate taxes since 2022.
Best year ever: 2025, with € 121,463 profit.
Management
Behind E.A.P. are Etienne Van de Moortel, Annie Benaerens and Peggy Van de Moortel. The same people are also behind RECUPER ZELE. Etienne Van de Moortel is also behind KABEL RECYCLING COMPANY and CARRETIE. Peggy Van de Moortel is also behind KABEL RECYCLING COMPANY and CARRETIE.
Directors
According to the 2025 annual accounts
Etienne Van de Moortel
Managing director
Also active at: KABEL RECYCLING COMPANY, RECUPER ZELE, CARRETIE
Establishments
Establishment units
Physical locations of this company
Korte Rinkhoutstraat 30
9240 Zele
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0436.805.054
- VAT number
- BE 0436.805.054
- Registered office
- Korte Rinkhoutstraat 30, 9240 Zele
- Names & denominations
- E.A.P.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 February 1989
- Peppol
- Active · Active since 16 Jul 2025
- Activities · NACE
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