ACTIVE

EEG

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Financial year 2024 · closed on 31/12/2024

Net result

-1,2 M €

-159.3% YoY

Revenue

143,2 M €

+35.8% YoY

Equity

26,1 M €

-4.4% YoY

Workforce

554,7 ETP

+41.5% YoY

What does EEG do?

EEG is a Public limited company incorporated in 1991. Its main activity is: Electrical installation. Its registered office is in Wevelgem. It employs on average 554,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.891.013

Incorporation

04/02/1991

Legal form

Public limited company

Registered office

Oostlaan 5
8560 Wevelgem · FlandreSee on map

Contributed capital

1 028 356,24 €

Latest accounts

31/12/2024

Average workforce

554,7 ETP

Activities (NACE)

43211Electrical installation· main 43211Electrical installation 45310Wholesale trade of motor vehicle parts and accessories 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation+3

Joint committees (6)

111
124
14901
200
209
218

Signals

Solid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	143,2 M €	+35.8%	105,4 M €	+33.2%	79,1 M €	+2.7%	77,1 M €	+9.6%	70,3 M €	-31.4%	102,5 M €	+9.8%	93,4 M €	-2.5%	95,8 M €	+114%	44,8 M €	+37.6%	32,5 M €	+0.4%	32,4 M €	+6.9%	30,3 M €	+8.4%	28 M €	+7.6%	26 M €	+22.9%	21,2 M €	-10.0%	23,5 M €
EBITDA	3,8 M €	-26.5%	5,1 M €	+36.9%	3,8 M €	+20.1%	3,1 M €	-6.8%	3,4 M €	-0.2%	3,4 M €	-22.9%	4,4 M €	-51.0%	8,9 M €	+83.4%	4,8 M €	+181%	1,7 M €	+34.3%	1,3 M €	-2.2%	1,3 M €	-1.0%	1,3 M €	+29.7%	1 M €	+22.1%	838,8 k €	+24.6%	673,4 k €
Operating result	-860,6 k €	-123%	3,7 M €	+38.7%	2,7 M €	+10.0%	2,5 M €	-5.9%	2,6 M €	+8.5%	2,4 M €	-31.6%	3,5 M €	-58.3%	8,4 M €	+85.5%	4,5 M €	+253%	1,3 M €	+48.5%	864,8 k €	-24.5%	1,1 M €	+53.9%	744,5 k €	+13.3%	656,9 k €	+61.5%	406,7 k €	-3.2%	419,9 k €
Net result	-1,2 M €	-159%	2 M €	+13.6%	1,8 M €	+94.5%	917,2 k €	-52.1%	1,9 M €	+15.4%	1,7 M €	-31.2%	2,4 M €	-71.1%	8,3 M €	+186%	2,9 M €	+259%	813,1 k €	+36.8%	594,6 k €	-18.0%	725,5 k €	+39.3%	520,7 k €	+1.3%	514 k €	+70.9%	300,8 k €	+13.1%	266 k €
Balance sheet
Equity	26,1 M €	-4.4%	27,3 M €	+1.2%	27 M €	0.0%	27 M €	0.0%	27 M €	0.0%	27 M €	+0.2%	26,9 M €	+3.5%	26 M €	+245%	7,6 M €	+23.2%	6,1 M €	+11.8%	5,5 M €	+8.5%	5,1 M €	+12.4%	4,5 M €	+8.6%	4,1 M €	+14.2%	3,6 M €	+35.6%	2,7 M €
Total assets	84,4 M €	+18.1%	71,5 M €	+1.6%	70,3 M €	+9.2%	64,4 M €	+7.0%	60,2 M €	-8.1%	65,4 M €	+5.0%	62,3 M €	+20.3%	51,8 M €	+132%	22,4 M €	+23.4%	18,1 M €	+46.7%	12,4 M €	-6.6%	13,2 M €	+24.7%	10,6 M €	+2.6%	10,3 M €	+4.4%	9,9 M €	+10.9%	8,9 M €
Cash	958,4 k €	-0.2%	960,2 k €	-62.1%	2,5 M €	+0.4%	2,5 M €	-22.4%	3,2 M €	-11.0%	3,6 M €	-19.2%	4,5 M €	-3.3%	4,7 M €	+78.1%	2,6 M €	+322%	621,9 k €	-14.1%	724,1 k €	+13.9%	636 k €	+52.2%	417,9 k €	+15.8%	360,8 k €	-39.9%	600 k €	+27.3%	471,4 k €
Debts	53,9 M €	+27.9%	42,1 M €	+1.2%	41,6 M €	+17.9%	35,3 M €	+15.3%	30,6 M €	-16.8%	36,8 M €	+9.1%	33,8 M €	+46.2%	23,1 M €	+64.5%	14 M €	+21.9%	11,5 M €	+75.4%	6,6 M €	-19.0%	8,1 M €	+33.0%	6,1 M €	-1.2%	6,2 M €	-1.1%	6,2 M €	+0.4%	6,2 M €
Other
Workforce	554,7 ETP	+41.5%	391,9 ETP	+10.6%	354,3 ETP	-3.5%	367,1 ETP	+1.2%	362,6 ETP	-1.0%	366,1 ETP	+8.4%	337,8 ETP	+5.7%	319,5 ETP	+54.9%	206,3 ETP	+6.7%	193,4 ETP	+5.8%	182,8 ETP	+6.8%	171,1 ETP	+7.9%	158,5 ETP	+5.5%	150,2 ETP	+2.8%	146,1 ETP	+3.9%	140,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 6 active · 46 ended

Active mandates

Moore Audit

Auditor · since 28 juin 2024 · until 21 mai 2027 · 0453.925.059

Represented by PLANQUETTE Kristof

Active

EEG GROUP

Director · since 25 janvier 2023 · until 16 mai 2026 · 0466.518.431

Active

jds consult

Chairman of the board of directors · since 25 janvier 2023 · until 16 mai 2026 · 0873.451.841

Active

MUSTANG CONSULTING

Director · since 25 janvier 2023 · until 16 mai 2026 · 0777.731.449

Active

SUNIM

Director · since 25 janvier 2023 · until 16 mai 2026 · 0719.931.030

Active

NEYRINCK Karl

Managing director · since 28 juin 2019 · until 29 août 2025

Active

Ended mandates

Maarten NUYTTEN

Director · since 03 septembre 2021 · until 25 janvier 2023

Ended

Maarten NUYTTEN

Director · since 03 septembre 2021 · until 15 mai 2026

Ended

Moore Audit

Auditor · since 03 septembre 2021 · until 17 mai 2024 · 0453.925.059

Represented by PLANQUETTE Kristof

Ended

Moore Audit

Auditor · since 03 septembre 2021 · until 28 juin 2024 · 0453.925.059

Represented by PLANQUETTE Kristof

Ended

At this address

Other companies at this address

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INSTALLATIEBEDRIJF EEG● Active	0641.837.122
NEYRINCK INVEST● Active	0443.219.328
TM EEG-Cegelec - KBC Datacentra● Active	1024.623.371
TM EEG-Equans UPSIE● Active	1027.691.046
TM EEG/VMA - DE LICHTERVELDE● Active	0746.616.720

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/08/2025	30/09/2024	13/07/2023	28/11/2022	09/09/2021	17/07/2020
General meeting	29/08/2025	28/06/2024	07/07/2023	31/10/2022	03/09/2021	30/06/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2024	29/08/2025	29/08/2025	Dutch	PDF
Full modelCorrection	31/12/2023	28/06/2024	30/09/2024	Dutch	PDF
Full model	31/12/2023	28/06/2024	08/07/2024	Dutch	PDF
Full model	31/12/2022	07/07/2023	13/07/2023	Dutch	PDF
Full model	31/12/2021	31/10/2022	28/11/2022	Dutch	PDF
Full model	31/12/2020	03/09/2021	09/09/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	17/07/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	29/06/2018	20/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	14/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	27/07/2016	Dutch	PDF
Full model	30/09/2014	31/03/2015	28/04/2015	Dutch	PDF
Full model	30/09/2013	14/03/2014	09/04/2014	Dutch	PDF
Full model	30/09/2012	29/03/2013	29/04/2013	Dutch	PDF
Full model	30/09/2011	30/03/2012	27/04/2012	Dutch	PDF
Full model	30/09/2010	11/03/2011	08/04/2011	Dutch	PDF
Full model	30/09/2009	30/03/2010	29/04/2010	Dutch	PDF
Full model	30/09/2008	13/03/2009	29/04/2009	Dutch	PDF
Full modelCorrection	30/09/2007	14/03/2008	02/03/2009	Dutch	PDF
Full model	30/09/2007	14/03/2008	29/05/2008	Dutch	PDF
Full model	30/09/2006	09/03/2007	29/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 6 active · 46 ended

Active mandates

Moore Audit

Auditor · since 28 juin 2024 · until 21 mai 2027 · 0453.925.059

Represented by PLANQUETTE Kristof

Active

EEG GROUP

Director · since 25 janvier 2023 · until 16 mai 2026 · 0466.518.431

Active

jds consult

Chairman of the board of directors · since 25 janvier 2023 · until 16 mai 2026 · 0873.451.841

Active

MUSTANG CONSULTING

Director · since 25 janvier 2023 · until 16 mai 2026 · 0777.731.449

Active

SUNIM

Director · since 25 janvier 2023 · until 16 mai 2026 · 0719.931.030

Active

NEYRINCK Karl

Managing director · since 28 juin 2019 · until 29 août 2025

Active

Ended mandates

Maarten NUYTTEN

Director · since 03 septembre 2021 · until 25 janvier 2023

Ended

Maarten NUYTTEN

Director · since 03 septembre 2021 · until 15 mai 2026

Ended

Moore Audit

Auditor · since 03 septembre 2021 · until 17 mai 2024 · 0453.925.059

Represented by PLANQUETTE Kristof

Ended

Moore Audit

Auditor · since 03 septembre 2021 · until 28 juin 2024 · 0453.925.059

Represented by PLANQUETTE Kristof

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring19/09/2024
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/06/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring16/08/2023
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring14/06/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates05/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates31/10/2022
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

29/10/2025
reconductionKarl Neyrinck — bestuurder
2024
Annual accounts 2024-1,2 M €↓
05/12/2024
nominationMaarten NUYTTEN — bijzondere volmacht
05/12/2024
nominationDidier VANDEN BROUCKE — bijzondere volmacht
05/12/2024
nominationGriet DELPORTE — bijzondere volmacht
05/12/2024
nominationJan REYNTJENS — bijzondere volmacht
05/12/2024
nominationNathalie GISTELINCK — bijzondere volmacht
2023
Annual accounts 20232 M €↑
25/01/2023
nominationDidier Vanden Broucke — bestuurder
25/01/2023
nominationStefan Goethals — bestuurder
25/01/2023
nominationJan De Schepper — bestuurder
25/01/2023
nominationGriet Delporte — bestuurder
2022
Annual accounts 20221,8 M €↑
2021
Annual accounts 2021917,2 k €↓
2020
Annual accounts 20201,9 M €↑
2019
Annual accounts 20191,7 M €↓
2018
Annual accounts 20182,4 M €↓
2017
Annual accounts 20178,3 M €↑
2014
Annual accounts 20142,9 M €↑
2013
Annual accounts 2013813,1 k €↑
2012
Annual accounts 2012594,6 k €↓
2011
Annual accounts 2011725,5 k €↑
2010
Annual accounts 2010520,7 k €↑
2009
Annual accounts 2009514 k €↑
2008
Annual accounts 2008300,8 k €↑
2007
Annual accounts 2007266 k €
04/02/1991
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

EEG

Overview

What does EEG do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline