E.D. SYSTEMS
ActiveSummary
The computed 12-month bankruptcy probability of E.D. SYSTEMS is 1.6% (moderate). The 2024 annual accounts show equity of €60k and a net result of €-50k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 36375 sector peers (fiscal year 2024). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability4▼-4
Solvency39▼-10
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.9 against 1.1 in 2023; short-term debt: 70.5% and cash: 2.1% of total assets), and 86% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight 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 →
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 2024Solvency, return and age of the figures
Solvency
14%
Return on assets
-11.7%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-50k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
25 d late
2023
91 d late
2022
63 d late
2021
75 d late
2020
144 d late
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€60k▼ 45.5%
2023 · €111k
2018: €77k
2019: €93k▲ +19.6% vs 2018
2020: €112k▲ +21.0% vs 2019
2021: €135k▲ +20.7% vs 2020
2022: €150k▲ +11.1% vs 2021highest in 7 years
2023: €111k▼ -26.4% vs 2022
2024: €60k▼ -45.5% vs 2023lowest in 7 years
2018 → 2024
Total assets
€429k▼ 6.5%
2023 · €459k
2018: €378k
2019: €355k▼ -6.3% vs 2018lowest in 7 years
2020: €390k▲ +9.9% vs 2019
2021: €412k▲ +5.7% vs 2020
2022: €464k▲ +12.7% vs 2021highest in 7 years
2023: €459k▼ -1.2% vs 2022
2024: €429k▼ -6.5% vs 2023
2018 → 2024
Net result
€-50k▼ 26.6%
2023 · €-40k
2018: €-2k
2019: €15k▲ +1033% vs 2018
2020: €19k▲ +27.9% vs 2019
2021: €23k▲ +19.4% vs 2020highest in 7 years
2022: €15k▼ -35.0% vs 2021
2023: €-40k▼ -364% vs 2022
2024: €-50k▼ -26.6% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-30k
2023 · €26k
2018: €93khighest in 7 years
2019: €84k▼ -10.1% vs 2018
2020: €93k▲ +10.4% vs 2019
2021: €73k▼ -21.0% vs 2020
2022: €71k▼ -2.5% vs 2021
2023: €26k▼ -63.9% vs 2022
2024: €-30k▼ -215% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€112k-€135k▲ 20.7%€150k▲ 11.1%€111k▼ 26.4%€60k▼ 45.5%
2020: €112k
2021: €135k▲ +20.7% vs 2020
2022: €150k▲ +11.1% vs 2021highest in 5 years
2023: €111k▼ -26.4% vs 2022
2024: €60k▼ -45.5% vs 2023lowest in 5 years
Operating result€31k-€34k▲ 10.3%€26k▼ 24.6%€-30k€-43k▼ 40.2%
2020: €31k
2021: €34k▲ +10.3% vs 2020highest in 5 years
2022: €26k▼ -24.6% vs 2021
2023: €-30k▼ -218% vs 2022
2024: €-43k▼ -40.2% vs 2023lowest in 5 years
Net result€19k-€23k▲ 19.4%€15k▼ 35.0%€-40k€-50k▼ 26.6%
2020: €19k
2021: €23k▲ +19.4% vs 2020highest in 5 years
2022: €15k▼ -35.0% vs 2021
2023: €-40k▼ -364% vs 2022
2024: €-50k▼ -26.6% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €43k in 2024 against €30k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €429k
Fixed assets
€156k ▼ 9.5%
Current assets
€273k ▼ 4.6%
Equity and liabilities €429k
Equity
€60k ▼ 45.5%
Debt
€369k ▲ 5.9%
Debt's share of the balance-sheet total rises from 75.9% to 86.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-25k▼
2023 · €-12k
Cash flow
€-32k▼
2023 · €-21k
Current ratio
0.90▼
2023 · 1.10
Quick ratio
0.79▼
2023 · 0.96
Debt to equity
6.13▲
2023 · 3.15
ROE
-83.6%▼
2023 · -36.0%
ROA
-11.7%▼
2023 · -8.7%
Interest coverage
-2.58▼
2023 · -1.31
Debt ≤ 1 year
€303k▲
2023 · €260k
Debt > 1 year
€66k▼
2023 · €87k
Income taxes
€-1k▼
2023 · €109
Staff costs
€59k▲
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€459k€429k▼
Fixed assets21/28€173k€156k▼
Tangible fixed assets22/27€172k€156k▼
Land and buildings22€164k€152k▼
Plant, machinery and equipment23€81€1k▲
Furniture and vehicles24€8k€3k▼
Financial fixed assets28€64€64=
Current assets29/58€286k€273k▼
Stocks and contracts in progress3€35k€33k▼
Stocks30/36€35k€33k▼
Amounts receivable within one year40/41€211k€228k▲
Trade receivables40€206k€214k▲
Other amounts receivable41€6k€14k▲
Cash at bank and in hand54/58€36k€9k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€459k€429k▼
Equity10/15€111k€60k▼
Contributions10/11€6k€6k=
Reserves13€6k€6k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€4k€4k=
Profit (loss) carried forward14€98k€48k▼
Amounts payable17/49€348k€369k▲
Amounts payable after more than one year17€87k€66k▼
Financial debts170/4€87k€66k▼
Amounts payable within one year42/48€260k€303k▲
Current portion of amounts payable after more than one year42€23k€21k▼
Financial debts43-€22k
Credit institutions430/8-€22k
Trade debts44€163k€156k▼
Suppliers440/4€163k€156k▼
Advances received on contracts in progress46€17k€39k▲
Taxes, remuneration and social security45€10k€2k▼
Taxes450/3€6k€1k▼
Remuneration and social security454/9€4k€1k▼
Other amounts payable47/48€47k€61k▲
Accrued charges and deferred income492/3€300€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€25k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€18k▼
Other operating charges640/8€5k€4k▼
Gross operating margin9900€17k€39k▲
Operating profit (loss)9901€-30k€-43k▼
Financial income75/76B€116€671▲
Recurring financial income75€116€671▲
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€-40k€-51k▼
Income taxes67/77€109€-1k▼
Profit (loss) for the period9904€-40k€-50k▼
Profit (loss) for the period to be appropriated9905€-40k€-50k▼
Appropriation of the result
Profit (loss) to be appropriated9906€98k€48k▼
Profit (loss) brought forward from the previous period14P€138k€98k▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €15k | €3k | €25k | €59k | ▲ 140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €16k | €18k | €18k | €18k | ▼ 0.9% |
| Other operating charges640/8 | - | €3k | €2k | €5k | €4k | ▼ 4.4% |
| Non-recurring operating charges66A | - | €420 | - | - | - | - |
| Gross operating margin9900 | €51k | €68k | €48k | €17k | €39k | ▲ 129% |
| Operating profit (loss)9901 | €31k | €34k | €26k | €-30k | €-43k | ▼ 40.2% |
| Financial income75/76B | - | €0 | €0 | €116 | €671 | ▲ 480% |
| Recurring financial income75 | €97 | €0 | €0 | €116 | €671 | ▲ 480% |
| Financial charges65/66B | - | €6k | €6k | €9k | €10k | ▲ 2.1% |
| Recurring financial charges65 | €6k | €6k | €6k | €9k | €10k | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €25k | €28k | €20k | €-40k | €-51k | ▼ 29.9% |
| Income taxes67/77 | €5k | €5k | €5k | €109 | €-1k | ▼ 1,166% |
| Profit (loss) for the period9904 | €19k | €23k | €15k | €-40k | €-50k | ▼ 26.6% |
| Profit (loss) for the period to be appropriated9905 | €19k | €23k | €15k | €-40k | €-50k | ▼ 26.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €390k | €412k | €464k | €459k | €429k | ▼ 6.5% |
| Fixed assets21/28 | €175k | €196k | €190k | €173k | €156k | ▼ 9.5% |
| Tangible fixed assets22/27 | €175k | €196k | €190k | €172k | €156k | ▼ 9.5% |
| Land and buildings22 | - | €177k | €176k | €164k | €152k | ▼ 7.5% |
| Plant, machinery and equipment23 | - | €319 | €142 | €81 | €1k | ▲ 1,522% |
| Furniture and vehicles24 | - | €19k | €13k | €8k | €3k | ▼ 66.4% |
| Financial fixed assets28 | €59 | €59 | €64 | €64 | €64 | = |
| Current assets29/58 | €215k | €216k | €275k | €286k | €273k | ▼ 4.6% |
| Stocks and contracts in progress3 | €29k | €24k | €23k | €35k | €33k | ▼ 6.2% |
| Stocks30/36 | - | €24k | €23k | €35k | €33k | ▼ 6.2% |
| Amounts receivable within one year40/41 | €147k | €171k | €220k | €211k | €228k | ▲ 8.0% |
| Trade receivables40 | - | €169k | €212k | €206k | €214k | ▲ 4.2% |
| Other amounts receivable41 | - | €2k | €8k | €6k | €14k | ▲ 146% |
| Cash at bank and in hand54/58 | €39k | €22k | €31k | €36k | €9k | ▼ 75.1% |
| Deferred charges and accrued income490/1 | - | - | €1k | €3k | €2k | ▼ 30.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €390k | €412k | €464k | €459k | €429k | ▼ 6.5% |
| Equity10/15 | €112k | €135k | €150k | €111k | €60k | ▼ 45.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Capital10 | - | €6k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Uncalled capital101 | - | €12k | - | - | - | - |
| Reserves13 | €6k | €6k | €6k | €6k | €6k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €4k | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | €100k | €123k | €138k | €98k | €48k | ▼ 51.1% |
| Amounts payable17/49 | €278k | €277k | €314k | €348k | €369k | ▲ 5.9% |
| Amounts payable after more than one year17 | €156k | €134k | €111k | €87k | €66k | ▼ 24.3% |
| Financial debts170/4 | - | €134k | €111k | €87k | €66k | ▼ 24.3% |
| Amounts payable within one year42/48 | €122k | €143k | €203k | €260k | €303k | ▲ 16.2% |
| Current portion of amounts payable after more than one year42 | - | €22k | €23k | €23k | €21k | ▼ 8.7% |
| Financial debts43 | - | €3k | €0 | - | €22k | - |
| Credit institutions430/8 | - | €3k | €0 | - | €22k | - |
| Trade debts44 | €40k | €51k | €101k | €163k | €156k | ▼ 4.2% |
| Suppliers440/4 | - | €51k | €101k | €163k | €156k | ▼ 4.2% |
| Advances received on contracts in progress46 | - | €29k | €37k | €17k | €39k | ▲ 133% |
| Taxes, remuneration and social security45 | - | €8k | €11k | €10k | €2k | ▼ 77.5% |
| Taxes450/3 | - | €2k | €7k | €6k | €1k | ▼ 80.1% |
| Remuneration and social security454/9 | - | €6k | €4k | €4k | €1k | ▼ 73.8% |
| Other amounts payable47/48 | - | €29k | €32k | €47k | €61k | ▲ 29.5% |
| Accrued charges and deferred income492/3 | - | - | - | €300 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19k | €23k | €15k | €-40k | €-50k | ▼ 26.6% |
| + Depreciation and write-downs630 | €15k | €16k | €18k | €18k | €18k | ▼ 0.9% |
| Operating cash flow (approximation) | €34k | €39k | €33k | €-21k | €-32k | ▼ 50.0% |
| Investment in fixed assets (approximation) | - | €-37k | €-12k | €-1k | €-2k | ▼ 43.7% |
| Change in cash | - | €-18k | €9k | €6k | €-27k | ▼ 592% |
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
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-12
Financial
Equity above €150kEq €150k ▲11.1%
4 profitable years in a row build equity to €150k.
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Highest result since 2018net €23k ▲19.4%
Operating result €34k, net result €23k, both a record.
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 144 days late
2020
31-12
Financial
Equity above €100kEq €112k ▲21%
2 profitable years in a row build equity to €112k.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €15k
Net result €15k after one loss-making year.
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 120 days late
Show earlier events
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
08-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 100 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Mouscron · 2 establishment units since 2005
Ground area
676 m²
Building footprint
119 m²
Volume, LiDAR
992 m³
2 parcels, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
E.D. SYSTEMS
since 20052.149.013.917
E.D. Systems SPRL
since 20172.270.552.838
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54003S0847/00B000 | Wallonia | 340 m² | 1 · 74 m² | 9.6 m · 3 fl. |
| 54003S0848/00A000 | Wallonia | 336 m² | 1 · 45 m² | 10.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,326. 8,696 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
Founded01-07-2005
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail
edsystems@skynet.beMouscron
Phone
0478808800Mouscron
Scores and ratios are computed by Checked and are not a credit decision.