ACTIVE

EWI HOLDING

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Financial year 2025 · closed on 31/12/2025

Net result

801,2 k €

-78.8% YoY

Gross margin

709,5 k €

+48.6% YoY

Equity

1,3 M €

+147.4% YoY

Workforce

0,8 ETP

What does EWI HOLDING do?

EWI HOLDING is a Private limited company incorporated in 1996. Its main activity is: Computer programming activities. Its registered office is in Ixelles. It employs on average 0,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0457.550.780

Incorporation

20/03/1996

Legal form

Private limited company

Registered office

Avenue Louise 480
1050 Ixelles · BruxellesSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

0,8 ETP

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 64210Activities of holding companies 72220Research and experimental development on social sciences and humanities

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	709,5 k €	+48.6%	477,3 k €	+37.9%	346,1 k €	+129%	151,5 k €	+867%	-19,7 k €	-109%	220,5 k €	-53.7%	476,2 k €	+379%	99,4 k €	-8.8%	109 k €	+108%	52,5 k €	+1657%	-3,4 k €	-153%	6,3 k €	+64.4%	3,8 k €	+1280%	-324,5 €	+92.1%	-4,1 k €	+69.6%	-13,5 k €	-34.1%	-10 k €	-164%	15,6 k €	+1013%	1,4 k €	+107%	-19,8 k €
EBITDA	659,7 k €	+39.2%	474 k €	+38.2%	342,9 k €	+131%	148,4 k €	+813%	-20,8 k €	-110%	218,5 k €	-51.5%	450,5 k €	+4142%	10,6 k €	-68.3%	33,5 k €	+148%	13,5 k €	+193%	-14,6 k €	-355%	5,7 k €	+99.3%	2,9 k €	+431%	-865,7 €	+81.5%	-4,7 k €	+66.4%	-13,9 k €	-32.8%	-10,5 k €	-170%	15 k €	+1490%	945,3 €	+104%	-21,1 k €
Operating result	633,6 k €	+39.7%	453,7 k €	+40.3%	323,4 k €	+141%	134,4 k €	+339%	-56,3 k €	-126%	218,5 k €	-51.5%	450,5 k €	+4142%	10,6 k €	-68.3%	33,5 k €	+148%	13,5 k €	+193%	-14,6 k €	-355%	5,7 k €	+63.8%	3,5 k €	+502%	-865,7 €	+81.5%	-4,7 k €	+66.4%	-13,9 k €	-32.8%	-10,5 k €	-171%	14,8 k €	+1981%	710,6 €	+103%	-21,5 k €
Net result	801,2 k €	-78.8%	3,8 M €	+1051%	329,1 k €	+109%	-3,6 M €	-665%	-474,9 k €	-568%	101,5 k €	-73.9%	389 k €	+2527%	14,8 k €	-35.7%	23 k €	+409%	4,5 k €	+132%	-14 k €	-352%	5,6 k €	+60.3%	3,5 k €	+439%	-1 k €	+78.0%	-4,7 k €	+68.1%	-14,6 k €	-36.2%	-10,7 k €	-175%	14,3 k €	+2309%	594,5 €	+103%	-21,3 k €
Balance sheet
Equity	1,3 M €	+147%	523,3 k €	+116%	-3,2 M €	+9.8%	-3,6 M €	-7964%	45,6 k €	-91.2%	520,5 k €	+24.2%	418,9 k €	+1300%	29,9 k €	+97.9%	15,1 k €	+230%	4,6 k €	+115%	-30,9 k €	-83.1%	-16,9 k €	+24.8%	-22,5 k €	+13.4%	-25,9 k €	-4.1%	-24,9 k €	-23.1%	-20,2 k €	-261%	-5,6 k €	-209%	5,1 k €	+156%	-9,2 k €	+6.1%	-9,8 k €
Total assets	8,9 M €	+2.4%	8,7 M €	+77.8%	4,9 M €	+9.2%	4,5 M €	-42.6%	7,8 M €	+1.9%	7,6 M €	+1555%	460,5 k €	+168%	171,8 k €	+2.6%	167,4 k €	-50.1%	335,3 k €	+296138%	113,2 €	-99.1%	12,4 k €	+0.8%	12,3 k €	+6.2%	11,6 k €	-6.5%	12,4 k €	+8.6%	11,5 k €	-39.7%	19 k €	-16.9%	22,9 k €	+17.4%	19,5 k €	+7.1%	18,2 k €
Cash	310,3 k €	+7.2%	289,5 k €	-2.0%	295,6 k €	+148%	119,4 k €	+147%	48,4 k €	-91.2%	547,3 k €	+22.1%	448,4 k €	+1692%	25 k €	+38.8%	18 k €	+16.7%	15,4 k €	+13545%	113,2 €	+1107%	9,4 €	-99.5%	1,8 k €	+540%	274,7 €	-65.2%	788,5 €	+302%	196,1 €	-96.4%	5,5 k €	+17.8%	4,6 k €	+22.7%	3,8 k €	+5.0%	3,6 k €
Debts	7,6 M €	-7.0%	8,1 M €	+0.4%	8,1 M €	+0.8%	8 M €	+4.1%	7,7 M €	+8.8%	7,1 M €	+17013%	41,5 k €	-70.8%	141,9 k €	-6.7%	152,1 k €	-54.0%	330,7 k €	+965%	31 k €	+5.8%	29,3 k €	-15.7%	34,8 k €	-7.3%	37,6 k €	+0.6%	37,3 k €	+18.5%	31,5 k €	+28.0%	24,6 k €	+38.7%	17,7 k €	-38.1%	28,7 k €	+2.5%	28 k €
Other
Workforce	0,8 ETP		0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 15 ended

Active mandates

Sofia Frumina

Director · since 24 octobre 2022

Active

Andrii Mitchenko

Director · since 01 février 2019

Active

Ended mandates

Sofia FRUMIN

Director · since 24 octobre 2022

Ended

Andrii Mitchenko

Manager · since 01 avril 2019

Ended

Charel De Vos

Managing director · since 29 mai 2015 · until 29 mai 2021

Ended

Marie- Jeanne Spruyt

Director · since 29 mai 2015 · until 29 mai 2021

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	02/07/2025	08/07/2024	28/06/2023	29/06/2022	20/08/2021
General meeting	26/08/2026	27/06/2025	21/06/2024	18/06/2023	27/05/2022	18/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/08/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	02/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	08/07/2024	Dutch	PDF
Abridged model	31/12/2022	18/06/2023	28/06/2023	Dutch	PDF
Micro model	31/12/2021	27/05/2022	29/06/2022	Dutch	PDF
Micro model	31/12/2020	18/06/2021	20/08/2021	Dutch	PDF
Micro model	31/12/2019	07/08/2020	01/09/2020	Dutch	PDF
Micro model	31/12/2018	31/05/2019	05/06/2019	Dutch	PDF
Micro model	31/12/2017	01/06/2018	29/06/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	24/08/2017	Dutch	PDF
Abridged model	31/12/2015	19/01/2016	24/03/2016	Dutch	PDF
Abridged model	31/12/2014	29/05/2015	03/06/2015	Dutch	PDF
Abridged model	31/12/2013	30/05/2014	23/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/05/2013	19/06/2013	Dutch	PDF
Abridged model	31/12/2011	30/06/2012	26/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	23/06/2010	22/07/2010	Dutch	PDF
Abridged model	31/12/2008	29/05/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	11/06/2008	16/07/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	06/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 2 active · 15 ended

Active mandates

Sofia Frumina

Director · since 24 octobre 2022

Active

Andrii Mitchenko

Director · since 01 février 2019

Active

Ended mandates

Sofia FRUMIN

Director · since 24 octobre 2022

Ended

Andrii Mitchenko

Manager · since 01 avril 2019

Ended

Charel De Vos

Managing director · since 29 mai 2015 · until 29 mai 2021

Ended

Marie- Jeanne Spruyt

Director · since 29 mai 2015 · until 29 mai 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Registered office01/08/2022
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/10/2020
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/02/2016
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
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

2025
Annual accounts 2025801,2 k €↓
2024
Annual accounts 20243,8 M €↑
2023
Annual accounts 2023329,1 k €↑
2022
Annual accounts 2022-3,6 M €↓
2021
Annual accounts 2021-474,9 k €↓
2020
Annual accounts 2020101,5 k €↓
2020
Name changeEWI Holding
2019
Annual accounts 2019389 k €↑
2018
Annual accounts 201814,8 k €↓
2017
Annual accounts 201723 k €↑
2016
Annual accounts 20164,5 k €↑
2015
Annual accounts 2015-14 k €↓
2015
Name changeEcosoft Water International
2014
Annual accounts 20145,6 k €↑
2013
Annual accounts 20133,5 k €↑
2012
Annual accounts 2012-1 k €↑
2011
Annual accounts 2011-4,7 k €↑
2010
Annual accounts 2010-14,6 k €↓
2009
Annual accounts 2009-10,7 k €↓
2008
Annual accounts 200814,3 k €↑
2007
Annual accounts 2007594,5 €↑
2006
Annual accounts 2006-21,3 k €
2006
Name changeSTARTMEDIA
20/03/1996
IncorporationPrivate 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

EWI HOLDING

Overview

What does EWI HOLDING do?

Trend over 20 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