Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
EWG from Lokeren, company number BE0779443597, closed financial year 2025 with a result of € 37,236 after tax. For that financial year EWG recorded revenue of € 781,747 and equity of € -53,746. Compared with financial year 2024, the result moved from € -6,156 to € 37,236. Profitable, and profit is growing. 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 July 23, 2026.
€ -53,746
▲ € 37,236 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 37,236
▲ still € 6,156 loss in 2024
Profit after tax over the fiscal year.
€ 10,141
▼ 66% 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 € -73,746.
People and assets in 2025
2.3
▲ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 218,709
▲ 18% vs 2024
€ 95,100 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.
€ 725
▼ 28% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 6.5 million
€ 20,377 is repaid this year. At this pace the long-term loan is gone in ≈ 321 years.
€ 195,728
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 138 days on average.
€ 85,031
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 781,747 | |
| Gross margin | € 268,023 | € 195,459 | € 189,967 | - | |
| Profit after taxes | € -109,669 | € 4,843 | € -6,156 | € 37,236 | ▲ € 43,392 |
| Equity | € -89,669 | € -84,826 | € -90,982 | € -53,746 | ▲ € 37,236 |
| Total debts | € 6,885,554 | € 6,770,045 | € 9,344,903 | € 9,469,955 | ▲ 1% |
| Cash | € 4,529 | € 10,647 | € 29,683 | € 10,141 | ▼ 66% |
| Retained profit | € -109,669 | € -104,826 | € -110,982 | € -73,746 | ▲ € 37,236 |
| Bank debt | € 6,526,031 | € 6,538,481 | € 6,544,167 | € 6,546,408 | |
| Balance sheet total | € 6,795,885 | € 6,685,219 | € 9,253,921 | € 9,416,210 | ▲ 2% |
| Employees (FTE) | 2 | 2 | 2 | 2.3 | ▲ 0.3 |
Key figures of EWG, 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 EWG?
What happened at EWG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 37,236. Source: NBB ↗
- New establishment in Lokeren. KBO
- Engels B&E BV became a director. NBB
- J&M Invest NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 109,669 loss in 2022 to € 37,236 profit in 2025.
Paid € 1,872 in corporate taxes since 2022.
Best year ever: 2025, with € 37,236 profit.
On average € 95,000 of value added per employee in 2024.
A new publication or filing at EWG? We notify you, reason included.
Follow EWGDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of COCOCINEL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EWGBehind EWG are Engels B&E BV and J&M Invest NV. The shares are held by COCOCINEL (100%). It owns 100% of EOS BV, 100% of DM BV and 100% of ENGELS NV itself.
Directors
According to the 2025 annual accounts
Director · represented by Didier Engels
Also active at: ENGELS WOOD FACTORY, IMMO - 47, DM, Avista Aluminium, AC WINDOWS, COCOCINEL, CASTIBO, SDW Windows +3 more
since 2021
Director · represented by Christophe Engels
Also active at: ENGELS WOOD FACTORY, Avista Aluminium, AC WINDOWS, COCOCINEL, ENGELS, EOS
since 2021
Shareholders
100%
Establishments
Establishment units
Physical locations of this company
Gentse Steenweg 136
9160 Lokeren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →ENGELS WOOD FACTORY same network
€ 7.7 million revenue · 2025
IMMO - 47 same network
€ 427,563 gross margin · 2025
DM same network
€ -8,788 gross margin · 2025
ENGELS GROEP
Peppy
€ 233,057 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0779.443.597
- VAT number
- BE 0779.443.597
- Registered office
- Gentse Steenweg 136, 9160 Lokeren
- Names & denominations
- EWG
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 2021
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Overige zakelijke dienstverlening, neg
Activiteiten van hoofdkantoren