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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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
E2 DRIVES from Wavre, company number BE0525885302, closed financial year 2025 with a result of € -671,456 after tax. For that financial year E2 DRIVES recorded revenue of € 4.7 million and equity of € -2.1 million. Compared with financial year 2024, the result moved from € -489,302 to € -671,456. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ -2.1 million
▼ € 578,769 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -671,456
▼ 37 % more loss than in 2024
Profit after tax over the fiscal year.
€ 87,873
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.6 million.
People and assets in 2025
27.7
▲ 7.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▲ 45% vs 2024
€ 94,300 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.
€ 242,844
▲ 132% vs 2024
Of which on lease € 24,567.
Debts at end 2025
€ 1.7 million
▼ 5% vs 2024
€ 59,651 is repaid this year. At this pace the long-term loan is gone in ≈ 28 years.
€ 376,522
▲ 6% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 50 days on average.
€ 431,262
▲ 137% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 665,919 | € 1,263,917 | € 2,877,622 | € 4,658,277 | ▲ 62% |
| Profit after taxes | € -988,052 | € -2,096,220 | € -489,302 | € -671,456 | ▼ € 182,154 |
| Equity | € 42,733 | € -2,114,690 | € -1,510,915 | € -2,089,684 | ▼ € 578,769 |
| Total debts | € 2,784,346 | € 4,766,483 | € 5,358,581 | € 5,885,493 | ▲ 10% |
| Cash | € 75,637 | € 196,031 | € 976,388 | € 87,873 | ▼ 91% |
| Retained profit | € -2,306,196 | € -4,402,416 | € -4,891,718 | € -5,563,174 | ▼ € 671,456 |
| Bank debt | € 2,331,936 | € 4,150,714 | € 1,765,156 | € 1,675,297 | ▼ 5% |
| Balance sheet total | € 2,827,079 | € 2,651,793 | € 3,847,666 | € 3,795,809 | ▼ 1% |
| Employees (FTE) | 9.9 | 15 | 20.4 | 27.7 | ▲ 7.3 |
Key figures of E2 DRIVES, 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 E2 DRIVES?
What happened at E2 DRIVES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Markus SCHMIDT stepped down as director. NBB
- Amélie HOANG stepped down as director. NBB
- Frank VIGO stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 671,456. Source: NBB ↗
- Markus SCHMIDT became a director. NBB
- Amélie HOANG became a director. NBB
- Frank VIGO became a director. NBB
- New establishment in Wavre. KBO
In short
From € 988,052 loss in 2022 to € 671,456 loss in 2025.
Paid € 3,710 in corporate taxes since 2022.
Pays suppliers within 50 days on average.
Management
The stake of DELEVAL ENGINEERING, GODFRIND ENGINEERING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
E2 DRIVESThe shares are held by DELEVAL ENGINEERING (20%) and GODFRIND ENGINEERING (10.5%).
Directors
According to the 2025 annual accounts
Markus SCHMIDT
Director
since 2025 · until 2029
Amélie HOANG
Director
since 2025 · until 2029
Frank VIGO
Director
since 2023 · until 2029
Shareholders
10.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chemin du Temple 10 box 3
1300 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
DNS
Cloudflare DNS
Domain
Domain
e2drives.com
Registered
2013-03-26
Registrar
Gandi SAS
Expires
2027-03-26
Website info
Features
Security
Details
- Company number
- 0525.885.302
- VAT number
- BE 0525.885.302
- Registered office
- Chemin du Temple 10 bus 3, 1300 Wavre
- Names & denominations
- E2 DRIVES
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 10 April 2013
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- e2drives.com
- Activities · NACE
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