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ED EXPERT

Active
Private limited companyfounded 20224 yrs activeHeuvel 8, 9320 Aalst, BelgiumKBO/BCE: BE 0782.861.660
Summary

The computed 12-month bankruptcy probability of ED EXPERT is 4.1% (elevated). The annual accounts of ED EXPERT for fiscal year 2025 show a net loss of 196% of total assets and of 85% of the equity at the start of that year. The 2025 annual accounts show equity of €248 and a net result of -€1,370. Equity is shrinking by ~329.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 37% of 28254 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency61▲+22
Growth22=
Track record94
Bankruptcy probability, 12 months
4.1% Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
balance sheet total too small for a liquidity verdict.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 2025
Age of the figures
Age of the figures
13 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
232425
2023 to 2025 · latest year -€1,370
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 31-03-2026, 0 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
on the day
2024
1 d late
2023
1 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today. Usually files around 1 April (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
31-08-2026 close28-09-2026 today31-03-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 3 March 2022, ED EXPERT was incorporated as a Private limited company.1 The company has filed 3 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Turnover
€28,282▼ 87.8%
2023 · €232,684
EBIT margin
-32.4%▼ 36.2pp
2023 · 3.8%
Net result
-€1,370▲ 85.3%
2024 · -€9,296
Working capital
€248▼ 84.7%
2024 · €1,618
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
Line202320242025
Turnover€232,684-€28,282▼ 87.8%
Operating result€8,796--€9,172-€1,314▲ 85.7%
Net result€5,914within the sector's middle half--€9,296below the sector's middle half-€1,370below the sector's middle half▲ 85.3%
EBIT margin3.8%--32.4%▼ 36.2pp
Equity€10,914below the sector's middle half-€1,618below the sector's middle half▼ 85.2%€248below the sector's middle half▼ 84.7%
Total assets€38,320below the sector's middle half-€11,249below the sector's middle half▼ 70.6%€697below the sector's middle half▼ 93.8%
Debt€27,406-€9,631▼ 64.9%€449▼ 95.3%
Working capital€10,914within the sector's middle half-€1,618below the sector's middle half▼ 85.2%€248below the sector's middle half▼ 84.7%
Solvency28.5%within the sector's middle half-14.4%below the sector's middle half▼ 14.1pp
Current ratio1.40within the sector's middle half-1.17within the sector's middle half▼ 0.23
Return on assets (ROA)15.4%within the sector's middle half--82.6%below the sector's middle half▼ 98.1pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000-€5,000€0€5,000€10,000Operating result 2023: €8,796€8,796Net result 2023: €5,914€5,914Operating result 2024: -€9,172-€9,172Net result 2024: -€9,296-€9,296Operating result 2025: -€1,314-€1,314Net result 2025: -€1,370-€1,370202320242025-€10,000-€5,000€0€5,000€10,000Operating result 2023: €8,796€8,800Net result 2023: €5,914€5,910Operating result 2024: -€9,172-€9,170Net result 2024: -€9,296-€9,300Operating result 2025: -€1,314-€1,310Net result 2025: -€1,370-€1,370202320242025
The operating result stays negative: a loss of €1,314 in 2025 against €9,172 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €697
Equity €248 ▼ 84.7%
Debt €449 ▼ 95.3%
Debt's share of the balance-sheet total falls from 85.6% to 64.4%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€449▼
2024 · €9,631
Ratios withheld: a balance sheet total of €697 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,227 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.9% went bankrupt
8.6% stopped otherwise
87% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,227 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 28 lines
Balance sheet Code20242025
Assets
Total assets20/58€11,249€697▼
Current assets29/58€11,249€697▼
Amounts receivable within one year40/41€8,387€316▼
Trade receivables40€8,387€232▼
Other amounts receivable41-€84
Cash at bank and in hand54/58€2,862€381▼
Equity and liabilities
Total equity and liabilities10/49€11,249€697▼
Equity10/15€1,618€248▼
Contributions10/11€5,000€5,000=
Profit (loss) carried forward14-€3,382-€4,752▼
Amounts payable17/49€9,631€449▼
Amounts payable within one year42/48€9,631€449▼
Trade debts44€8,345€192▼
Bills of exchange payable441€8,345€192▼
Taxes, remuneration and social security45€1,286€257▼
Remuneration and social security454/9€1,286€257▼
Income statement Code20242025
Turnover70€28,282-
Goods, raw materials, services and sundry goods60/61€37,069€192▼
Other operating charges640/8€384€1,122▲
Gross operating margin9900-€8,788-€192▲
Operating profit (loss)9901-€9,172-€1,314▲
Financial charges65/66B€124€55▼
Recurring financial charges65€124€55▼
Profit (loss) for the period before taxes9903-€9,296-€1,370▲
Profit (loss) for the period9904-€9,296-€1,370▲
Profit (loss) for the period to be appropriated9905-€9,296-€1,370▲
Appropriation of the result
Profit (loss) to be appropriated9906-€3,382-€4,752▼
Profit (loss) brought forward from the previous period14P€5,914-€3,382▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Turnover70€232,684€28,282--
Goods, raw materials, services and sundry goods60/61€223,428€37,069€192▼ 99.5%
Other operating charges640/8€461€384€1,122▲ 192%
Gross operating margin9900€9,256-€8,788-€192▲ 97.8%
Operating profit (loss)9901€8,796-€9,172-€1,314▲ 85.7%
Financial charges65/66B€1,349€124€55▼ 55.3%
Recurring financial charges65€1,349€124€55▼ 55.3%
Profit (loss) for the period before taxes9903€7,447-€9,296-€1,370▲ 85.3%
Income taxes67/77€1,533---
Profit (loss) for the period9904€5,914-€9,296-€1,370▲ 85.3%
Profit (loss) for the period to be appropriated9905€5,914-€9,296-€1,370▲ 85.3%
Line202320242025Change
Assets
Total assets20/58€38,320€11,249€697▼ 93.8%
Current assets29/58€38,320€11,249€697▼ 93.8%
Amounts receivable within one year40/41€29,370€8,387€316▼ 96.2%
Trade receivables40€24,318€8,387€232▼ 97.2%
Other amounts receivable41€5,052-€84-
Cash at bank and in hand54/58€8,950€2,862€381▼ 86.7%
Equity and liabilities
Total equity and liabilities10/49€38,320€11,249€697▼ 93.8%
Equity10/15€10,914€1,618€248▼ 84.7%
Contributions10/11€5,000€5,000€5,000=
Profit (loss) carried forward14€5,914-€3,382-€4,752▼ 40.5%
Amounts payable17/49€27,406€9,631€449▼ 95.3%
Amounts payable within one year42/48€27,406€9,631€449▼ 95.3%
Trade debts44€22,821€8,345€192▼ 97.7%
Suppliers440/4€142---
Bills of exchange payable441€22,679€8,345€192▼ 97.7%
Taxes, remuneration and social security45€4,585€1,286€257▼ 80.0%
Taxes450/3€1,533---
Remuneration and social security454/9€3,052€1,286€257▼ 80.0%
Line202320242025Change
Profit (loss) for the period9904€5,914-€9,296-€1,370▲ 85.3%
Operating cash flow (approximation)€5,914-€9,296-€1,370▲ 85.3%
Change in cash--€6,088-€2,481▲ 59.2%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-03-2027
2026
31-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
01-04
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-08
Financial Weakest financial yearnet -€9,296
Net result drops to -€9,296, the lowest in the series; recovery starts the following year.
01-04
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 1 day 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, Aalst · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
770 m²
Building footprint
253 m²
Volume, LiDAR
2,156 m³
2 parcels, Brussels, Flanders · tallest building 17.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
ED EXPERT
Clemenceaulaan 94, 1070 AnderlechtGeneral construction of buildings
since 20222.328.575.367
2 parcels
Flanders 1 (50%) Brussels 1 (50%)
Parcel (capakey) Region Area Buildings Height / fl.
21305B0225/00M007 Brussels 433 m² 1 · 144 m² 17.2 m · 4 fl.
41014A0139/00Z000 Flanders 337 m² 1 · 109 m² 10.1 m · 2 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.

Similar companies · same sector, comparable size

Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 102 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
Founded03-03-2022
Fiscal year end31-08
Activities, NACEBEL 2025
43910Bricklaying and masonry work
43421Specialised construction activities
43990Other specialised construction activities
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.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.