E & D SERVICES
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 20-06-2024, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
41 d early
2022
25 d early
2021
4 d late
2020
115 d late
2019
16 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 7 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€430,859
2022 · -€143,857
Total assets
€619,843▲ 76.7%
2022 · €350,873
Net result
€574,614
2022 · -€71,059
Working capital
€430,949▲ 739%
2022 · €51,390
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€25,450€38,364▲ 50.7%-€55,613-€66,009▼ 18.7%€752,006
Net result€12,251€27,160▲ 122%-€62,511-€71,059▼ 13.7%€574,614
Equity-€17,446▲ 41.3%-€10,287▲ 41.0%-€72,798▼ 608%-€143,857▼ 97.6%€430,859
Total assets€528,904▼ 4.3%€467,531▼ 11.6%€361,850▼ 22.6%€350,873▼ 3.0%€619,843▲ 76.7%
Debt€546,350▼ 6.2%€477,817▼ 12.5%€434,648▼ 9.0%€494,730▲ 13.8%€188,984▼ 61.8%
Working capital€102,523▲ 6.6%€132,292▲ 29.0%€94,082▼ 28.9%€51,390▼ 45.4%€430,949▲ 739%
Staff (FTE)3.6▼ 5.3%3.4▼ 5.6%3.5▲ 2.9%2.7▼ 22.9%0.8▼ 70.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Total assets +77% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €752,006 after a loss of €66,009 in 2022, the highest result in the available series.
Balance-sheet composition
Equity and liabilities €619,843
Equity
€430,859
Debt
€188,984
Debt finances 30.5% of the balance-sheet total.
Key figures and ratios
Current ratio
3.28▲
2022 · 1.34
Debt to equity
0.44▲
2022 · -3.44
ROE
133.4%
ROA
92.7%▲
2022 · -20.3%
Debt ≤ 1 year
€188,894▲
2022 · €151,664
Debt > 1 year
€0▼
2022 · €339,539
Income taxes
€172,018▲
2022 · €420
Staff costs
€45,088▼
2022 · €175,536
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,000 | €758,176 | ▲ 4,955% |
| Remuneration, social security and pensions62 | - | - | €208,697 | €175,536 | €45,088 | ▼ 74.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,705 | €46,964 | €44,650 | €35,783 | - | - |
| Other operating charges640/8 | - | - | €1,806 | €1,543 | €1,042 | ▼ 32.5% |
| Non-recurring operating charges66A | - | - | - | - | €6,284 | - |
| Gross operating margin9900 | €279,143 | €289,843 | €199,539 | €146,853 | €804,420 | ▲ 448% |
| Operating profit (loss)9901 | €25,450 | €38,364 | -€55,613 | -€66,009 | €752,006 | ▲ 1,239% |
| Financial income75/76B | - | - | €43 | €2,137 | €4,711 | ▲ 120% |
| Recurring financial income75 | €12 | €2,764 | €43 | €2,137 | €4,711 | ▲ 120% |
| Financial charges65/66B | - | - | €5,849 | €6,768 | €10,085 | ▲ 49.0% |
| Recurring financial charges65 | €8,882 | €6,361 | €5,849 | €6,768 | €10,085 | ▲ 49.0% |
| Profit (loss) for the period before taxes9903 | €16,580 | €34,767 | -€61,419 | -€70,639 | €746,632 | ▲ 1,157% |
| Income taxes67/77 | €4,329 | €7,607 | €1,092 | €420 | €172,018 | ▲ 40,905% |
| Profit (loss) for the period9904 | €12,251 | €27,160 | -€62,511 | -€71,059 | €574,614 | ▲ 909% |
| Transfer from tax-exempt reserves789 | - | - | €6,500 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €12,251 | €27,160 | -€56,011 | -€71,059 | €574,614 | ▲ 909% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €528,904 | €467,531 | €361,850 | €350,873 | €619,843 | ▲ 76.7% |
| Fixed assets21/28 | €266,564 | €222,862 | €183,602 | €147,819 | €0 | ▼ 100% |
| Intangible fixed assets21 | €233,590 | €201,579 | €173,664 | €141,210 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €32,899 | €21,208 | €9,863 | €6,534 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €0 | - | - | - |
| Furniture and vehicles24 | - | - | €3,433 | €1,301 | €0 | ▼ 100% |
| Other tangible fixed assets26 | - | - | €6,430 | €5,233 | €0 | ▼ 100% |
| Financial fixed assets28 | €75 | €75 | €75 | €75 | €0 | ▼ 100% |
| Current assets29/58 | €262,340 | €244,669 | €178,248 | €203,054 | €619,843 | ▲ 205% |
| Amounts receivable within one year40/41 | €26,017 | €31,425 | €31,586 | €31,215 | €32,124 | ▲ 2.9% |
| Trade receivables40 | - | - | €1,118 | €0 | €0 | - |
| Other amounts receivable41 | - | - | €30,468 | €31,215 | €32,124 | ▲ 2.9% |
| Current investments50/53 | - | - | - | - | €0 | - |
| Cash at bank and in hand54/58 | €54,056 | €84,180 | €31,019 | €53,568 | €547,126 | ▲ 921% |
| Deferred charges and accrued income490/1 | - | - | €115,643 | €118,272 | €40,593 | ▼ 65.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €528,904 | €467,531 | €361,850 | €350,873 | €619,843 | ▲ 76.7% |
| Equity10/15 | -€17,446 | -€10,287 | -€72,798 | -€143,857 | €430,859 | ▲ 400% |
| Contributions10/11 | €7,440 | €0 | €7,440 | €7,440 | €7,440 | = |
| Outside capital11 | - | - | €7,440 | €7,440 | €7,440 | = |
| Other1109/19 | - | - | €7,440 | €7,440 | €7,440 | = |
| Reserves13 | €11,528 | €11,528 | €5,028 | €5,028 | €423,419 | ▲ 8,322% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | - | - | €0 | - | - | - |
| Distributable reserves133 | - | - | €3,168 | €3,168 | €421,559 | ▲ 13,208% |
| Profit (loss) carried forward14 | -€36,414 | -€29,254 | -€85,265 | -€156,324 | - | - |
| Amounts payable17/49 | €546,350 | €477,817 | €434,648 | €494,730 | €188,984 | ▼ 61.8% |
| Amounts payable after more than one year17 | €382,722 | €362,431 | €347,701 | €339,539 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €347,701 | €339,539 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €159,817 | €112,377 | €84,167 | €151,664 | €188,894 | ▲ 24.5% |
| Current portion of amounts payable after more than one year42 | - | - | €13,628 | €7,950 | €0 | ▼ 100% |
| Financial debts43 | - | - | €883 | €1,666 | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €883 | €1,666 | €0 | ▼ 100% |
| Trade debts44 | €71,477 | €17,086 | €13,151 | €105,852 | €8,879 | ▼ 91.6% |
| Suppliers440/4 | - | - | €13,151 | €105,852 | €8,879 | ▼ 91.6% |
| Advances received on contracts in progress46 | - | - | - | - | €9,075 | - |
| Taxes, remuneration and social security45 | - | - | €56,504 | €36,197 | €170,940 | ▲ 372% |
| Taxes450/3 | - | - | €20,733 | €13,395 | €170,940 | ▲ 1,176% |
| Remuneration and social security454/9 | - | - | €35,772 | €22,803 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | €0 | - | €0 | - |
| Accrued charges and deferred income492/3 | - | - | €2,780 | €3,526 | €90 | ▼ 97.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,251 | €27,160 | -€62,511 | -€71,059 | €574,614 | ▲ 909% |
| + Depreciation and write-downs630 | €46,705 | €46,964 | €44,650 | €35,783 | - | - |
| Operating cash flow (approximation) | €58,955 | €74,123 | -€17,861 | -€35,276 | €574,614 | ▲ 1,729% |
| Investment in fixed assets (approximation) | - | -€3,261 | -€5,390 | €0 | €147,819 | - |
| Change in cash | - | €30,124 | -€53,160 | €22,548 | €493,558 | ▲ 2,089% |
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
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €574,614
Net result €574,614 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.28
Current ratio from 1.34 to 3.28.
31-12
Financial
Equity above €200,000Eq €430,859
Equity rises from -€143,857 to €430,859.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€71,059
Net result drops to -€71,059, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
23-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 115 days late
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €12,251
Net result €12,251 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Show earlier events
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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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Structure & network
Owners and holdings
2 ownersOwners 2
-
50%
-
50%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.