Ed Worx

Active

Private limited companyfounded 201313 yrs activeKapelbergweg 33, 3520 Zonhoven, BelgiumKBO/BCE: BE 0536.293.501

The computed 12-month bankruptcy probability of Ed Worx is 1.8% (moderate). The 2025 annual accounts show negative equity (€-85k) and a net result of €-132k. Equity is shrinking by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 7760 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

20 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0▼-8

Solvency0▼-47

Growth32=

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.5 against 1.26 in 2024; short-term debt: 144% and cash: 3.3% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Solvency, return and age of the figures

Solvency

-97.9%

Return on assets

-152.1%

Age of the figures

9 mo

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €-85k

A punctual record breaks

This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

3 d late

2024

on the day

2023

on the day

2022

3 d early

2021

31 d early

2020

31 d late

2019

on the day

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 deadline

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

Financials · fiscal year 2025, abbreviated schema

Equity

€-85k

2024 · €47k

2018: €66k 2019: €79k 2020: €87k 2021: €128k 2022: €128k 2023: €66k 2024: €47k

2018 → 2025

Total assets

€87k▼ 58.8%

2024 · €210k

2018: €453k 2019: €380k 2020: €333k 2021: €404k 2022: €297k 2023: €230k 2024: €210k

2018 → 2025

Net result

€-132k▼ 606%

2024 · €-19k

2018: €21k 2019: €13k 2020: €9k 2021: €40k 2022: €592 2023: €-63k 2024: €-19k

2018 → 2025

Working capital

€-63k

2024 · €37k

2018: €82k 2019: €76k 2020: €85k 2021: €129k 2022: €127k 2023: €61k 2024: €37k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€128k-€128k▲ 0.5%€66k▼ 48.9%€47k▼ 28.5%€-85k

Operating result€55k-€7k▼ 87.6%€-57k€-12k▲ 78.9%€-131k▼ 991%

Net result€40k-€592▼ 98.5%€-63k€-19k▲ 70.2%€-132k▼ 606%

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €131k in 2025 against €12k in 2024; the loss grows and 2025 has the lowest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €87k

28.7%

71.3%

Fixed assets €25k▼ 18.4%

Current assets €62k▼ 65.6%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-127k▼

2024 · €-9k

Cash flow

€-128k▼

2024 · €-15k

Solvency

-97.9%▼

2024 · 22.3%

Current ratio

0.50▼

2024 · 1.26

Quick ratio

0.47▼

2024 · 1.16

Debt / equity

-1.61▼

2024 · 3.48

ROA

-152.1%▼

2024 · -8.9%

Interest coverage

-22.15▼

2024 · -1.15

Debt

€137k▼

2024 · €163k

Debt ≤ 1 year

€125k▼

2024 · €143k

Debt > 1 year

€12k▼

2024 · €20k

Income taxes

€295▼

2024 · €355

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€210k€87k▼

Fixed assets21/28€30k€25k▼

Tangible fixed assets22/27€30k€25k▼

Land and buildings22€21k€19k▼

Plant, machinery and equipment23€8k€6k▼

Furniture and vehicles24€1k€0▼

Financial fixed assets28€90€90=

Current assets29/58€180k€62k▼

Amounts receivable after more than one year29€30k€0▼

Other amounts receivable291€30k€0▼

Stocks and contracts in progress3€13k€3k▼

Stocks30/36€13k€3k▼

Amounts receivable within one year40/41€93k€56k▼

Trade receivables40€76k€22k▼

Other amounts receivable41€17k€34k▲

Cash at bank and in hand54/58€43k€3k▼

Deferred charges and accrued income490/1€234€99▼

Equity and liabilities

Total equity and liabilities10/49€210k€87k▼

Equity10/15€47k€-85k▼

Contributions10/11€16k€16k=

Reserves13€31k€0▼

Distributable reserves133€31k€0▼

Profit (loss) carried forward14-€-101k

Provisions and deferred taxes16-€35k

Provisions for liabilities and charges160/5-€35k

Other liabilities and charges164/5-€35k

Amounts payable17/49€163k€137k▼

Amounts payable after more than one year17€20k€12k▼

Financial debts170/4€20k€12k▼

Amounts payable within one year42/48€143k€125k▼

Current portion of amounts payable after more than one year42€8k€8k▲

Financial debts43€110k€111k▲

Credit institutions430/8€110k€111k▲

Trade debts44€12k€4k▼

Suppliers440/4€12k€4k▼

Taxes, remuneration and social security45€12k€613▼

Taxes450/3€12k€613▼

Other amounts payable47/48€1k€260▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-5k€0▲

Provisions for liabilities and charges: additions (uses and reversals)635/8-€35k

Other operating charges640/8€8k€19k▲

Gross operating margin9900€-6k€-74k▼

Operating profit (loss)9901€-12k€-131k▼

Financial income75/76B€1k€5k▲

Recurring financial income75€1k€5k▲

Financial charges65/66B€8k€6k▼

Recurring financial charges65€8k€6k▼

Profit (loss) for the period before taxes9903€-18k€-131k▼

Income taxes67/77€355€295▼

Profit (loss) for the period9904€-19k€-132k▼

Profit (loss) for the period to be appropriated9905€-19k€-132k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-19k€-132k▼

Transfer from equity791/2€19k€31k▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

03-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 3 days late

2025

31-12

Financial Weakest financial yearnet €-132k

Net result drops to €-132k, the lowest in the series.

31-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

28-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

30-06

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

31-12

Financial Highest result since 2018net €40k ▲372%

Operating result €55k, net result €40k, both a record.

31-12

Financial Equity above €100kEq €128k ▲46.1%

4 profitable years in a row build equity to €128k.

31-08

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 31 days late

2020

31-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

31-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 31 days late

2018

31-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 31 days late

2017

31-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Zonhoven · 1 establishment unit since 2013

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kapelbergweg 333520 Zonhoven

Ground area

1,685 m²

Building footprint

280 m²

Volume, LiDAR

950 m³

Parcel 71442D0122/00N000, Flanders · tallest building 10.4 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

Ed Worx

Kapelbergweg 33, 3520 ZonhovenManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20132.220.412.548

1 parcel

Flanders 1 (100%)