e-DITECH
ActiveFinancials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 27-05-2026 PDF all 12 filings
Turnover
≈ €130,000
Estimated: probably between €54,000 and €310,000
Total assets
€739,208▲ 345%
2024 · €166,137
Net result
€113▼ 97.6%
2024 · €4,668
Working capital
-€544,344
2024 · €110,794
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€5,979
▲ 103%
2025
20182025
Net result
€113
▼ 97.6%
2025
middle half of the sector
20182025
Equity
€165,563
▲ 0.1%
2025
middle half of the sector
20182025
Total assets
€739,208
▲ 345%
2025
middle half of the sector
20182025
Debt
€573,645
▲ 835×
2025
20182025
Working capital
-€544,344
2025
lowest quarter of the sector
20182025
Solvency
22.4%
▼ 77.2pp
2025
middle half of the sector
20182025
Current ratio
0.04
2025
lowest quarter of the sector
20182025
Return on assets (ROA)
0.0%
▼ 2.8pp
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€651--€4,777▼ 633%-€797▲ 83.3%€93€2,070▲ 22×€3,295▲ 59.1%€2,943▼ 10.7%€5,979▲ 103%
Net result€27-€192▲ 599%€12within the sector's middle half▼ 93.6%€43within the sector's middle half▲ 250%€2,036below the sector's middle half▲ 48×€4,437within the sector's middle half▲ 118%€4,668within the sector's middle half▲ 5.2%€113within the sector's middle half▼ 97.6%
Equity€508,063-€438,254▼ 13.7%€414,266above the sector's middle half▼ 5.5%€414,309above the sector's middle half=€156,345within the sector's middle half▼ 62.3%€160,782within the sector's middle half▲ 2.8%€165,450within the sector's middle half▲ 2.9%€165,563within the sector's middle half▲ 0.1%
Total assets€508,113-€438,254▼ 13.7%€433,978above the sector's middle half▼ 1.0%€414,902above the sector's middle half▼ 4.4%€170,409below the sector's middle half▼ 58.9%€167,343below the sector's middle half▼ 1.8%€166,137below the sector's middle half▼ 0.7%€739,208within the sector's middle half▲ 345%
Debt€50-€19,712€593▼ 97.0%€14,064▲ 24×€6,560▼ 53.4%€687▼ 89.5%€573,645▲ 835×
Working capital€457,322-€375,476above the sector's middle half€377,485above the sector's middle half▲ 0.5%€93,471within the sector's middle half▼ 75.2%€102,017within the sector's middle half▲ 9.1%€110,794within the sector's middle half▲ 8.6%-€544,344below the sector's middle half
Solvency100.0%-100.0%=95.5%above the sector's middle half▼ 4.5pp99.9%above the sector's middle half▲ 4.4pp91.7%above the sector's middle half▼ 8.1pp96.1%above the sector's middle half▲ 4.3pp99.6%above the sector's middle half▲ 3.5pp22.4%within the sector's middle half▼ 77.2pp
Current ratio20.05above the sector's middle half7.65above the sector's middle half16.55above the sector's middle half▲ 8.900.04below the sector's middle half
Return on assets (ROA)0.0%-0.0%=0.0%within the sector's middle half=0.0%within the sector's middle half=1.2%within the sector's middle half▲ 1.2pp2.7%within the sector's middle half▲ 1.5pp2.8%within the sector's middle half▲ 0.2pp0.0%within the sector's middle half▼ 2.8pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 103% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €739,208
Fixed assets
€718,032 ▲ 13×
Current assets
€21,176 ▼ 81.0%
Equity and liabilities €739,208
Equity
€165,563 ▲ 0.1%
Debt
€573,645 ▲ 835×
Debt's share of the balance-sheet total rises from 0.4% to 77.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,702▲
2024 · €7,052
Cash flow
€3,836▼
2024 · €8,777
Debt to equity
3.46▲
2024 · 0.00
ROE
0.1%▼
2024 · 2.8%
Interest coverage
1.48▼
2024 · over 100
Debt ≤ 1 year
€565,519▲
2024 · €687
Income taxes
€144▼
2024 · €1,674
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,627 | €27,274 | - | - | - |
| Financial fixed assets | - | - | - | - | €667,100 |
| Depreciation and write-downs of the year | €3,593 | €1,224 | €4,109 | €4,109 | €3,723 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,572 | €6,449 | €5,501 | €3,593 | €1,224 | €4,109 | €4,109 | €3,723 | ▼ 9.4% |
| Other operating charges640/8 | - | - | - | €4,596 | €1,525 | €2,010 | €1,688 | €1,827 | ▲ 8.2% |
| Gross operating margin9900 | €14,580 | €5,890 | €9,199 | €8,281 | €4,820 | €9,414 | €8,741 | €11,529 | ▲ 31.9% |
| Operating profit (loss)9901 | -€651 | -€4,777 | -€797 | €93 | €2,070 | €3,295 | €2,943 | €5,979 | ▲ 103% |
| Financial income75/76B | - | - | - | - | - | €1,191 | €3,438 | €820 | ▼ 76.2% |
| Recurring financial income75 | €700 | €5,114 | €840 | - | - | €1,191 | €3,438 | €820 | ▼ 76.2% |
| Financial charges65/66B | - | - | - | €34 | €34 | €35 | €39 | €6,541 | ▲ 168× |
| Recurring financial charges65 | €21 | €23 | €27 | €34 | €34 | €35 | €39 | €6,541 | ▲ 168× |
| Profit (loss) for the period before taxes9903 | €27 | €313 | €16 | €58 | €2,036 | €4,451 | €6,342 | €257 | ▼ 95.9% |
| Income taxes67/77 | - | €122 | €4 | €16 | - | €14 | €1,674 | €144 | ▼ 91.4% |
| Profit (loss) for the period9904 | €27 | €192 | €12 | €43 | €2,036 | €4,437 | €4,668 | €113 | ▼ 97.6% |
| Profit (loss) for the period to be appropriated9905 | €27 | €192 | €12 | €43 | €2,036 | €4,437 | €4,668 | €113 | ▼ 97.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €508,113 | €438,254 | €433,978 | €414,902 | €170,409 | €167,343 | €166,137 | €739,208 | ▲ 345% |
| Fixed assets21/28 | €50,741 | €44,292 | €38,790 | €36,824 | €62,874 | €58,765 | €54,656 | €718,032 | ▲ 13× |
| Tangible fixed assets22/27 | €50,741 | €44,292 | €38,790 | €36,824 | €62,874 | €58,765 | €54,656 | €50,932 | ▼ 6.8% |
| Land and buildings22 | - | - | - | €36,824 | €60,946 | €57,608 | €54,270 | €50,932 | ▼ 6.2% |
| Furniture and vehicles24 | - | - | - | - | €1,928 | €1,157 | €386 | - | - |
| Financial fixed assets28 | - | - | - | - | - | - | - | €667,100 | - |
| Current assets29/58 | €457,372 | €393,962 | €395,188 | €378,078 | €107,535 | €108,578 | €111,481 | €21,176 | ▼ 81.0% |
| Amounts receivable within one year40/41 | €2,015 | €102,831 | €96,822 | €4,300 | €1,781 | €1,580 | €1,504 | €1,270 | ▼ 15.6% |
| Trade receivables40 | - | - | - | €4,052 | - | - | - | €302 | - |
| Other amounts receivable41 | - | - | - | €248 | €1,781 | €1,580 | €1,504 | €968 | ▼ 35.6% |
| Current investments50/53 | €313,600 | €280,000 | - | - | - | - | €103,240 | - | - |
| Cash at bank and in hand54/58 | €141,758 | €11,131 | €298,076 | €373,778 | €105,753 | €106,997 | €6,737 | €19,906 | ▲ 195% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €508,113 | €438,254 | €433,978 | €414,902 | €170,409 | €167,343 | €166,137 | €739,208 | ▲ 345% |
| Equity10/15 | €508,063 | €438,254 | €414,266 | €414,309 | €156,345 | €160,782 | €165,450 | €165,563 | ▲ 0.1% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €488,063 | €418,254 | €394,266 | €394,309 | €136,345 | €140,782 | €145,450 | €145,450 | = |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | - | €392,309 | €134,345 | €138,782 | €143,450 | €143,450 | = |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | - | €113 | - |
| Amounts payable17/49 | €50 | - | €19,712 | €593 | €14,064 | €6,560 | €687 | €573,645 | ▲ 835× |
| Amounts payable within one year42/48 | €50 | - | €19,712 | €593 | €14,064 | €6,560 | €687 | €565,519 | ▲ 823× |
| Trade debts44 | - | - | €19,712 | €126 | €14,064 | €6,560 | €687 | €519 | ▼ 24.4% |
| Suppliers440/4 | - | - | - | €126 | €14,064 | €6,560 | €687 | €519 | ▼ 24.4% |
| Taxes, remuneration and social security45 | - | - | - | €467 | - | - | - | - | - |
| Taxes450/3 | - | - | - | €467 | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | - | €565,000 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | - | €8,126 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27 | €192 | €12 | €43 | €2,036 | €4,437 | €4,668 | €113 | ▼ 97.6% |
| + Depreciation and write-downs630 | €12,572 | €6,449 | €5,501 | €3,593 | €1,224 | €4,109 | €4,109 | €3,723 | ▼ 9.4% |
| Operating cash flow (approximation) | €12,600 | €6,641 | €5,514 | €3,636 | €3,260 | €8,546 | €8,777 | €3,836 | ▼ 56.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€1,627 | -€27,274 | €0 | €0 | -€667,100 | - |
| Change in cash | - | -€130,626 | €286,944 | €75,702 | -€268,025 | €1,244 | -€100,260 | €13,169 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 27-05-2026 | 2026-00124751 | |
| 31-12-2024 | abbreviated format | 30-05-2025 | 2025-00116540 | |
| 31-12-2023 | abbreviated format | 18-06-2024 | 2024-00141568 | |
| 31-12-2022 | abbreviated format | 31-05-2023 | 2023-00102468 | |
| 31-12-2021 | micro format | 01-06-2022 | 2022-20041864 | |
| 31-12-2020 | micro format | 03-06-2021 | 2021-17000183 | |
| 31-12-2019 | micro format | 02-06-2020 | 2020-14000418 | |
| 31-12-2018 | micro format | 28-05-2019 | 2019-14600566 | |
| 31-12-2017 | micro format | 29-05-2018 | 2018-14600131 | |
| 31-12-2016 | micro format | 30-05-2017 | 2017-14000259 |