Losses
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
The accounts state no turnover.
Of this, €23,801 falls due within a year.
Short-term debts rose from €21,497 to €23,801.
Less equity than 83% of companies in office administrative support. Sector median €198,673 · 2,830 companies.
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 22% of them on solvency, 35% on liquidity, 31% on profitability and 16% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,271 companies had the same profile as E.D.CLOUD has now. Each dot stands for 4 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of E.D.CLOUD itself: 0.9% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,271 companies, not a prediction for E.D.CLOUD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.02 (1.76 in 2024), below the usual 1.5. Short-term debt is 31.1% and cash 10.3% of total assets. 88.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 2 accounts on average 20 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
A company was founded shortly before or after the bankruptcy of another, with a director in both or at the same registered office.
This company was founded 5 months after the bankruptcy of COPROSAIN. The annual accounts of both list SEPTENTRIO Conseil as director.
This is a pattern, not a judgment. A new start after a bankruptcy is often entirely legitimate. The facts come from the KBO register, the Belgian Official Gazette, the director data and the annual accounts at the NBB. The same name in two sets of accounts is not necessarily the same person. What the facts mean is for you to look into.
| Company | ||||
|---|---|---|---|---|
| E.D.CLOUD Liège | €76,444 | €14,800 | 11.6% | - |
| mh avia Juprelle | €65,517 | €14,940 | 24.7% | - |
| BETO Services Genk | €78,651 | €15,077 | 48.0% | - |
| stop.sense.move Molenbeek-Saint-Jean | €83,655 | €14,135 | 24.2% | - |
| Van Landschoot Events Jabbeke | €82,253 | €17,242 | 34.0% | - |
| 5Rhuis Heist-op-den-Berg | €82,555 | €17,776 | 62.8% | - |
| STEP4 Braine-l'Alleud | €88,894 | €12,633 | 74.9% | - |
These companies have the same main activity as E.D.CLOUD: other business support services (NACE 82990). They are comparable in size and age: total assets between €65,500 and €88,900, founded between 2022 and 2023.
E.D.CLOUD has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,843 and a net result of -€5,132.
Its solvency ranks better than 23% of 2,829 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
The turnover shown is an estimate from the gross margin.
Turnover ≈ €85,000. Estimated: probably between €41,000 and €170,000.
Higher than 23% of 2,829 companies in 2025.
Higher than 37% of 2,718 companies in 2025.
Higher than 12% of 2,776 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
76,444 | 94,451 | |
20 |
1,335 | 2,003 | |
21/28 |
50,853 | 54,530 | |
21 |
50,453 | 53,930 | |
22/27 |
400 | 600 | |
23 |
400 | 600 | |
29/58 |
24,255 | 37,918 | |
40/41 |
16,394 | 3,634 | |
40 |
10,230 | 126 | |
41 |
6,164 | 3,508 | |
54/58 |
7,861 | 34,284 | |
| Balance sheet: equity and liabilities | |||
10/49 |
76,444 | 94,451 | |
10/15 |
8,843 | 13,975 | |
10/11 |
15,000 | 15,000 | |
10 |
- | 15,000 | |
100 |
- | 15,000 | |
14 |
-6,157 | -1,025 | |
17/49 |
67,601 | 80,477 | |
17 |
43,799 | 58,980 | |
170/4 |
43,799 | 58,980 | |
42/48 |
23,801 | 21,497 | |
42 |
14,293 | 13,893 | |
44 |
3,000 | 7,603 | |
440/4 |
3,000 | 7,603 | |
45 |
6,508 | - | |
450/3 |
6,508 | - | |
| Income statement | |||
9900 |
14,800 | -2,219 | |
630 |
18,844 | - | |
640/8 |
- | 804 | |
9901 |
-4,045 | -3,023 | |
75/76B |
- | 3,393 | |
75 |
- | 3,393 | |
65/66B |
1,087 | 1,395 | |
65 |
1,087 | 1,395 | |
9903 |
-5,132 | -1,025 | |
9904 |
-5,132 | -1,025 | |
9905 |
-5,132 | -1,025 | |
| Appropriation of the result | |||
9906 |
-6,157 | -1,025 | |
14P |
-1,025 | - | |
| Social balance sheet | |||
Hours worked1013 |
0 | 0 | |
| Document | |||
The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 10-09-2026.
2025 annual accounts filed 41 days after the deadline. Filed on 10 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00510073.
| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 14,800 | - | ||
| 13,713 | - | ||
| 14,500 | 54,530 | ||
| -26,423 | - | ||
| 454 | 16,422 | ||
| 11.6% | 14.8% | ||
| 1.02 | 1.76 | ||
| 7.64 | 5.76 | ||
| -58.0% | -7.3% | ||
| -6.7% | -1.1% | ||
| 13.61 | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 |
|---|---|---|
| Employees at the balance-sheet date | 0 | 0 |
| full-time | 0 | 0 |
| part-time | 0 | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
| Item | 2025 | 2024 |
|---|---|---|
| Tangible fixed assets | - | €600 |
| Intangible fixed assets | €14,500 | €53,930 |
| €18,844 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €4,045, larger than the loss of €3,023 in 2024.
Debt's share of the balance-sheet total rises from 85.2% to 88.4%. Equity and debt are lower.
1 other company of this director was struck off by the FPS Economy (2026).
1 other company of this director went bankrupt (2022).
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.
E.D.CLOUD has no parent and no holdings in its annual accounts.
| EURO FIDES CREDIT MANAGEMENT
establishment since 25-03-1981 · founded in 1981 |
total assets €11.7m (2025) 0421.412.045 |
| AUGEO
registered office since 05-11-2002 · founded in 1993 |
total assets €3.2m (2025) 0449.700.413 |
| AKT - CCI Liège-Verviers-Namur
registered office since 01-05-2009 · founded in 2009 |
17 FTE (2025) 0810.570.206 |
| HIVELAB Software & IT services
registered office since 19-11-2002 · founded in 1993 · negative equity (2025) |
total assets €431,938 (2025) 0450.218.867 |
| EDICOVER
establishment since 05-09-1988 · founded in 1988 |
total assets €421,488 (2025) 0435.016.888 |
| IZIKO
registered office since 17-07-2024 · founded in 2024 |
total assets €336,224 (2025) 1011.657.936 |
| JOBARDENT
registered office since 09-05-2008 · founded in 2008 · accounts filed late |
total assets €161,882 (2022) 0897.823.090 |
| EURO INVEST GROUP
registered office since 19-09-1973 · founded in 1973 |
total assets €84,148 (2025) 0413.717.371 |
| AUXILIUM SERVICES
registered office since 17-07-2006 · founded in 2006 · negative equity (2025) |
total assets €78,160 (2025) 0882.143.833 |
| LANDMARK BELGIQUE
establishment since 20-05-2016 · founded in 2016 · negative equity (2025) |
total assets €7,313 (2025) 0653.869.278 |
| COPROSAIN via SEPTENTRIO Conseil, no longer at COPROSAIN · Director general · deed of 16-12-2021 Open bankruptcy · founded in 1985 |
68 FTE (2021) |
| IMMO C via SEPTENTRIO Conseil, no longer at IMMO C · Director · deed of 06-03-2020 founded in 2020 |
total assets €1.5m (2025) |
| FUNDING FATHERS via SEPTENTRIO Conseil, no longer at FUNDING FATHERS · Director · deed of 25-05-2022 founded in 2022 |
total assets €1,439 (2025) |
Deadline for the 2026 accounts: 31-07-2027
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Rue de Lantin 155 registered office 4000 Liège | 01-07-2023 | 2.360.530.335 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 62087B0318/00W003 | 4,077 m² | 1 · 208 m² | 8.6 m · 2 |
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