E.D.CONSTRUCT
ActiveSummary
E.D.CONSTRUCT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11,909 and a net result of -€5,051. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 39% of 2076 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2023
Profitability50▼-50
Solvency60▲+1
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.95 against 1.49 in 2023; short-term debt: 65.4% and cash: 0.8% of total assets), and 65.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
34.6%
Return on assets
-14.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2023
36 d late
2022
30 d late
2021
43 d late
2020
58 d late
2019
40 d late
2018
50 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2023 is 1 day before the deadline, and 44% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 6 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
Turnover
€33,082▼ 50.6%
2020 · €66,933
EBIT margin
23.5%▲ 31.8pp
2020 · -8.3%
Net result
-€5,051
2023 · €10,558
Working capital
-€1,183
2023 · €12,499
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Turnover€66,933▼ 5.2%€33,082▼ 50.6%
Operating result-€5,583▼ 73.3%€7,770€1,488▼ 80.8%€14,818▲ 896%€4,166-
Net result-€7,345below the sector's middle half▼ 36.0%€6,466within the sector's middle half-€916below the sector's middle half€10,558within the sector's middle half-€5,051below the sector's middle half-
EBIT margin-8.3%▼ 3.8pp23.5%▲ 31.8pp
Equity-€2,834below the sector's middle half€3,632below the sector's middle half€2,716below the sector's middle half▼ 25.2%€13,274below the sector's middle half▲ 389%€11,909below the sector's middle half-
Total assets€43,010below the sector's middle half▲ 17.9%€34,057below the sector's middle half▼ 20.8%€32,412below the sector's middle half▼ 4.8%€39,028below the sector's middle half▲ 20.4%€34,418below the sector's middle half-
Debt€45,845▲ 43.4%€30,425▼ 33.6%€29,696▼ 2.4%€25,755▼ 13.3%€22,509-
Working capital-€5,512below the sector's middle half▼ 70.6%-€891below the sector's middle half▲ 83.8%€222below the sector's middle half€12,499within the sector's middle half▲ 5,518%-€1,183below the sector's middle half-
Solvency-6.6%below the sector's middle half▼ 19.0pp10.7%below the sector's middle half▲ 17.3pp8.4%below the sector's middle half▼ 2.3pp34.0%within the sector's middle half▲ 25.6pp34.6%within the sector's middle half-
Current ratio0.86below the sector's middle half▲ 0.010.97below the sector's middle half▲ 0.111.01below the sector's middle half▲ 0.041.49within the sector's middle half▲ 0.480.95below the sector's middle half-
Return on assets (ROA)-17.1%below the sector's middle half▼ 2.3pp19.0%above the sector's middle half▲ 36.1pp-2.8%below the sector's middle half▼ 21.8pp27.1%above the sector's middle half▲ 29.9pp-14.7%below the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result is €4,166 in 2025, compared with €14,818 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €34,418
Fixed assets
€13,092 ▲ 1,590%
Current assets
€21,326 ▼ 44.3%
Equity and liabilities €34,418
Equity
€11,909 ▼ 10.3%
Debt
€22,509 ▼ 12.6%
Debt's share of the balance-sheet total falls from 66.0% to 65.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€5,663▼
2023 · €16,536
Cash flow
-€3,554▼
2023 · €12,277
Debt to equity
1.89▼
2023 · 1.94
ROE
-42.4%▼
2023 · 79.5%
Interest coverage
93.66▼
2023 · 169.71
Debt ≤ 1 year
€22,509▼
2023 · €25,755
Income taxes
€1,157▼
2023 · €4,275
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.0%
went bankrupt
9.8%
stopped otherwise
88%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,805 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €66,933 | €33,082 | - | - | - | - |
| Non-recurring operating income76A | - | €568 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €26,108 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €220 | - | €140 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,694 | €1,852 | €2,030 | €1,719 | €1,497 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €10,600 | - |
| Other operating charges640/8 | - | €989 | €547 | €639 | €387 | - |
| Non-recurring operating charges66A | - | €110 | - | - | - | - |
| Gross operating margin9900 | €207 | €10,941 | €4,065 | €17,316 | €16,651 | - |
| Operating profit (loss)9901 | -€5,583 | €7,770 | €1,488 | €14,818 | €4,166 | - |
| Financial income75/76B | - | €2,048 | €158 | €113 | - | - |
| Recurring financial income75 | €0 | €66 | €144 | €113 | - | - |
| Non-recurring financial income76B | - | €1,982 | €14 | - | - | - |
| Financial charges65/66B | - | €559 | €2,465 | €97 | €8,060 | - |
| Recurring financial charges65 | €723 | €559 | €326 | €97 | €60 | - |
| Non-recurring financial charges66B | - | - | €2,139 | - | €8,000 | - |
| Profit (loss) for the period before taxes9903 | -€6,931 | €9,259 | -€819 | €14,833 | -€3,894 | - |
| Income taxes67/77 | €414 | €2,793 | €97 | €4,275 | €1,157 | - |
| Profit (loss) for the period9904 | -€7,345 | €6,466 | -€916 | €10,558 | -€5,051 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,345 | €6,466 | -€916 | €10,558 | -€5,051 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €43,010 | €34,057 | €32,412 | €39,028 | €34,418 | - |
| Fixed assets21/28 | €8,089 | €4,523 | €2,493 | €775 | €13,092 | - |
| Tangible fixed assets22/27 | €8,089 | €4,523 | €2,493 | €775 | €13,092 | - |
| Plant, machinery and equipment23 | - | €467 | €156 | €47 | €2,428 | - |
| Furniture and vehicles24 | - | €4,056 | €2,337 | €728 | €10,664 | - |
| Current assets29/58 | €34,921 | €29,534 | €29,919 | €38,254 | €21,326 | - |
| Amounts receivable within one year40/41 | €30,352 | €27,558 | €29,544 | €36,245 | €20,901 | - |
| Trade receivables40 | - | €25,362 | €26,362 | €33,362 | €15,185 | - |
| Other amounts receivable41 | - | €2,196 | €3,183 | €2,883 | €5,716 | - |
| Cash at bank and in hand54/58 | €3,159 | €1,531 | €281 | €1,368 | €271 | - |
| Deferred charges and accrued income490/1 | - | €446 | €93 | €641 | €154 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €43,010 | €34,057 | €32,412 | €39,028 | €34,418 | - |
| Equity10/15 | -€2,834 | €3,632 | €2,716 | €13,274 | €11,909 | - |
| Contributions10/11 | €9,200 | €9,200 | €9,200 | €9,200 | €9,200 | - |
| Capital10 | - | €9,200 | €9,200 | €9,200 | €9,200 | - |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | - |
| Uncalled capital101 | - | €9,400 | €9,400 | €9,400 | €9,400 | - |
| Reserves13 | €122 | €122 | €122 | €122 | €122 | - |
| Non-distributable reserves130/1 | - | €122 | €122 | €122 | €122 | - |
| Legal reserve130 | - | €122 | €122 | €122 | €122 | - |
| Profit (loss) carried forward14 | -€12,156 | -€5,690 | -€6,606 | €3,952 | €2,587 | - |
| Amounts payable17/49 | €45,845 | €30,425 | €29,696 | €25,755 | €22,509 | - |
| Amounts payable after more than one year17 | €5,411 | - | - | - | - | - |
| Amounts payable within one year42/48 | €40,433 | €30,425 | €29,696 | €25,755 | €22,509 | - |
| Current portion of amounts payable after more than one year42 | - | €1,763 | - | - | - | - |
| Trade debts44 | €6,512 | €1,563 | €2,935 | €2,395 | €3,788 | - |
| Suppliers440/4 | - | €1,563 | €2,935 | €2,395 | €3,788 | - |
| Taxes, remuneration and social security45 | - | €2,793 | €3,071 | €4,275 | €2,541 | - |
| Taxes450/3 | - | €2,793 | €3,071 | €4,275 | €2,541 | - |
| Other amounts payable47/48 | - | €24,307 | €23,691 | €19,085 | €16,180 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,345 | €6,466 | -€916 | €10,558 | -€5,051 | - |
| + Depreciation and write-downs630 | €3,694 | €1,852 | €2,030 | €1,719 | €1,497 | - |
| Operating cash flow (approximation) | -€3,651 | €8,318 | €1,114 | €12,277 | -€3,554 | - |
| Investment in fixed assets (approximation) | - | €1,714 | €0 | €0 | - | - |
| Change in cash | - | -€1,629 | -€1,249 | €1,087 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
31-12
Financial
Back to profitnet €10,558
Net result €10,558 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
12-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 43 days late
2021
31-12
Financial
Back to profitnet €6,466
Net result €6,466 after 3 loss-making years.
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 58 days late
2020
31-12
Financial
Weakest financial yearnet -€7,345
Net result drops to -€7,345, the lowest in the series; recovery starts the following year.
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Namur · 1 establishment unit since 2007
Ground area
211 m²
Building footprint
58 m²
Volume, LiDAR
566 m³
Parcel 92135D0614/00A000, Wallonia · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
ANKEMO FACADES SPRL
since 20072.165.539.450
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135D0614/00A000 | Wallonia | 211 m² | 1 · 58 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,302 companies in sector 43350 we hold annual accounts for 2,363. 1,504 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-09-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43990Other specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0892076534
Also
9925:BE0892076534
Registered
01-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.