E-DECO
ActiveSummary
The computed 12-month bankruptcy probability of E-DECO is 2.0% (moderate). For E-DECO, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €139,845 and a net result of -€7,429. Equity is shrinking by ~10.2% per year across the filed fiscal years. The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability13▲+2
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2022Solvency, return and age of the figures
Solvency
93.9%
Return on assets
-5%
Age of the figures
45 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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 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
31-12-2023 close31-07-2024 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 04-10-2023, 65 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
not filed
2023
not filed
2022
65 d late
2021
102 d late
2020
408 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 166 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)
History
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Financials · fiscal year 2022, micro schema
Equity
€139,845▼ 5.0%
2021 · €147,274
Total assets
€148,980▼ 12.2%
2021 · €169,752
Net result
-€7,429▲ 30.9%
2021 · -€10,745
Working capital
€8,555▼ 34.2%
2021 · €13,003
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
Line20182019202020212022
Operating result€10,352-€1,396▼ 86.5%-€52,847-€11,379▲ 78.5%-€8,445▲ 25.8%
Net result€4,538-€1,316▼ 71.0%-€51,267-€10,745▲ 79.0%-€7,429▲ 30.9%
Equity€207,970-€209,286▲ 0.6%€158,019▼ 24.5%€147,274▼ 6.8%€139,845▼ 5.0%
Total assets€282,952-€236,549▼ 16.4%€186,428▼ 21.2%€169,752▼ 8.9%€148,980▼ 12.2%
Debt€74,982-€27,263▼ 63.6%€28,409▲ 4.2%€22,478▼ 20.9%€9,135▼ 59.4%
Working capital€73,819-€75,899▲ 2.8%€19,764▼ 74.0%€13,003▼ 34.2%€8,555▼ 34.2%
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 €8,445 in 2022 against €11,379 in 2021; the loss shrinks.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €148,980
Fixed assets
€131,289 ▼ 2.2%
Current assets
€17,690 ▼ 50.1%
Equity and liabilities €148,980
Equity
€139,845 ▼ 5.0%
Debt
€9,135 ▼ 59.4%
Debt's share of the balance-sheet total falls from 13.2% to 6.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€5,463▲
2021 · -€7,396
Cash flow
-€4,448▲
2021 · -€6,762
Current ratio
1.94▲
2021 · 1.58
Debt to equity
0.07▼
2021 · 0.15
ROE
-5.3%▲
2021 · -7.3%
ROA
-5.0%▲
2021 · -6.3%
Interest coverage
-10.10▲
2021 · -28.56
Debt ≤ 1 year
€9,135▼
2021 · €22,478
Income taxes
€146▼
2021 · €336
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,346 | €764 | €1,001 | €3,983 | €2,982 | ▼ 25.1% |
| Other operating charges640/8 | - | - | €8,335 | €320 | €4,086 | ▲ 1,177% |
| Non-recurring operating charges66A | - | - | €27,564 | - | - | - |
| Gross operating margin9900 | €19,147 | €2,877 | -€15,946 | -€7,076 | -€1,377 | ▲ 80.5% |
| Operating profit (loss)9901 | €10,352 | €1,396 | -€52,847 | -€11,379 | -€8,445 | ▲ 25.8% |
| Financial income75/76B | - | - | €4,141 | €1,229 | €1,703 | ▲ 38.5% |
| Recurring financial income75 | €630 | €4,654 | €4,141 | €1,229 | €1,703 | ▲ 38.5% |
| Financial charges65/66B | - | - | €2,222 | €259 | €541 | ▲ 109% |
| Recurring financial charges65 | €2,291 | €1,422 | €2,222 | €259 | €541 | ▲ 109% |
| Profit (loss) for the period before taxes9903 | €8,691 | €4,627 | -€50,928 | -€10,409 | -€7,283 | ▲ 30.0% |
| Income taxes67/77 | €4,153 | €3,311 | €340 | €336 | €146 | ▼ 56.4% |
| Profit (loss) for the period9904 | €4,538 | €1,316 | -€51,267 | -€10,745 | -€7,429 | ▲ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €4,538 | €1,316 | -€51,267 | -€10,745 | -€7,429 | ▲ 30.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €282,952 | €236,549 | €186,428 | €169,752 | €148,980 | ▼ 12.2% |
| Fixed assets21/28 | €134,151 | €133,387 | €138,254 | €134,271 | €131,289 | ▼ 2.2% |
| Intangible fixed assets21 | €1,253 | €895 | - | - | - | - |
| Tangible fixed assets22/27 | €132,298 | €131,892 | €137,654 | €133,671 | €130,689 | ▼ 2.2% |
| Land and buildings22 | - | - | €130,689 | €130,689 | €130,689 | = |
| Furniture and vehicles24 | - | - | €6,965 | €2,982 | - | - |
| Financial fixed assets28 | €600 | €600 | €600 | €600 | €600 | = |
| Current assets29/58 | €148,801 | €103,162 | €48,174 | €35,481 | €17,690 | ▼ 50.1% |
| Stocks and contracts in progress3 | €54,132 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €76,343 | €97,879 | €40,880 | €32,641 | €14,412 | ▼ 55.8% |
| Trade receivables40 | - | - | €10,038 | €12,459 | €3,298 | ▼ 73.5% |
| Other amounts receivable41 | - | - | €30,843 | €20,182 | €11,114 | ▼ 44.9% |
| Cash at bank and in hand54/58 | €17,743 | €4,968 | €7,294 | €2,840 | €3,278 | ▲ 15.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €282,952 | €236,549 | €186,428 | €169,752 | €148,980 | ▼ 12.2% |
| Equity10/15 | €207,970 | €209,286 | €158,019 | €147,274 | €139,845 | ▼ 5.0% |
| Contributions10/11 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Revaluation surpluses12 | - | - | €116,510 | €116,510 | €116,510 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €83,404 | €84,720 | €33,452 | €22,707 | €15,278 | ▼ 32.7% |
| Amounts payable17/49 | €74,982 | €27,263 | €28,409 | €22,478 | €9,135 | ▼ 59.4% |
| Amounts payable within one year42/48 | €74,982 | €27,263 | €28,409 | €22,478 | €9,135 | ▼ 59.4% |
| Financial debts43 | - | - | €242 | €340 | - | - |
| Credit institutions430/8 | - | - | €242 | €340 | - | - |
| Trade debts44 | €61,778 | €19,232 | €17,119 | €10,289 | €5,403 | ▼ 47.5% |
| Suppliers440/4 | - | - | €17,119 | €10,289 | €5,403 | ▼ 47.5% |
| Taxes, remuneration and social security45 | - | - | €2,818 | €1,573 | €3,732 | ▲ 137% |
| Taxes450/3 | - | - | €2,818 | €1,573 | €3,732 | ▲ 137% |
| Other amounts payable47/48 | - | - | €8,231 | €10,276 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,538 | €1,316 | -€51,267 | -€10,745 | -€7,429 | ▲ 30.9% |
| + Depreciation and write-downs630 | €3,346 | €764 | €1,001 | €3,983 | €2,982 | ▼ 25.1% |
| Operating cash flow (approximation) | €7,883 | €2,080 | -€50,266 | -€6,762 | -€4,448 | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | €0 | -€5,869 | €0 | €0 | - |
| Change in cash | - | -€12,775 | €2,325 | -€4,454 | €438 | ▲ 110% |
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
2023
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
23-06
Bankruptcy
Judicial dissolution, liquidator appointed
Tribunal de l’entreprise du Hainaut, division Tournai · event 20-06-2023
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 102 days late
12-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 408 days late
2020
31-12
Financial
Weakest financial yearnet -€51,267
Net result drops to -€51,267, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 243 days late
2015
16-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 108 days late
2014
30-09
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Tournai · 1 establishment unit since 1999
Ground area
764 m²
Building footprint
90 m²
Volume, LiDAR
1,035 m³
2 parcels, Wallonia · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
E-DECO SPRL
since 19992.092.807.464
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57033D0788/00G000 | Wallonia | 620 m² | 1 · 33 m² | 9.3 m · 3 fl. |
| 57081F0396/00A000 | Wallonia | 144 m² | 1 · 57 m² | 14.2 m · 4 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-03-1999
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.