EDAR
Open bankruptcyA bankruptcy procedure is open for EDAR according to publications in the Belgian State Gazette; curator: JACQUES PIRON. The 2021 annual accounts show negative equity (€-94k) and a net result of €-27k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, full schema
Turnover
€12k▼ 69.1%
2020 · €40k
2018: €72k
2019: €96k
2020: €40k
2018 → 2021
EBIT margin
-215.6%▼ 98.7pp
2020 · -116.9%
2018: -33.3%
2019: -10.2%
2020: -116.9%
2018 → 2021
Net result
€-27k▲ 42.5%
2020 · €-47k
2018: €-25k
2019: €-11k
2020: €-47k
2018 → 2021
Working capital
€-91k▼ 36.6%
2020 · €-67k
2018: €-11k
2019: €-25k
2020: €-67k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€72k-€96k▲ 31.9%€40k▼ 58.3%€12k▼ 69.1%
Equity€-10k-€-20k▼ 111%€-68k▼ 234%€-94k▼ 38.0%
Operating result€-24k-€-10k▲ 59.7%€-47k▼ 379%€-27k▲ 43.0%
Net result€-25k-€-11k▲ 57.8%€-47k▼ 346%€-27k▲ 42.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2021 against €47k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €13k
Fixed assets
€10k▼ 12.8%
Current assets
€4k▼ 89.3%
Key figures and ratios
EBITDA
€-25k▲
2020 · €-45k
Cash flow
€-26k▲
2020 · €-46k
Solvency
-707.0%▼
2020 · -151.3%
Current ratio
0.04▼
2020 · 0.34
Quick ratio
0.04▼
2020 · 0.34
Debt / equity
-1.14▲
2020 · -1.66
ROA
-206.2%▼
2020 · -106.0%
Interest coverage
-33.39▲
2020 · -51.16
Debt
€107k▼
2020 · €113k
Debt ≤ 1 year
€95k▼
2020 · €100k
Debt > 1 year
€12k=
2020 · €12k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€45k€13k▼
Fixed assets21/28€11k€10k▼
Intangible fixed assets21€11k€10k▼
Tangible fixed assets22/27€204-
Furniture and vehicles24€204-
Current assets29/58€34k€4k▼
Amounts receivable within one year40/41€34k€4k▼
Trade receivables40€9k-
Other amounts receivable41€25k€4k▼
Cash at bank and in hand54/58€157€6▼
Equity and liabilities
Total equity and liabilities10/49€45k€13k▼
Equity10/15€-68k€-94k▼
Contributions10/11-€2k
Profit (loss) carried forward14€-68k€-95k▼
Amounts payable17/49€113k€107k▼
Amounts payable after more than one year17€12k€12k=
Financial debts170/4€12k€12k=
Amounts payable within one year42/48€100k€95k▼
Current portion of amounts payable after more than one year42€9k€9k▼
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€3k-
Suppliers440/4€3k-
Taxes, remuneration and social security45€83k€86k▲
Taxes450/3€83k€86k▲
Income statement
Code20202021
Turnover70€40k€12k▼
Goods, raw materials, services and sundry goods60/61€73k€37k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€12k-
Gross operating margin9900€-33k€-25k▲
Operating profit (loss)9901€-47k€-27k▲
Financial income75/76B-€11
Recurring financial income75-€11
Financial charges65/66B€875€753▼
Recurring financial charges65€875€753▼
Profit (loss) for the period before taxes9903€-47k€-27k▲
Profit (loss) for the period9904€-47k€-27k▲
Profit (loss) for the period to be appropriated9905€-47k€-27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-68k€-95k▼
Profit (loss) brought forward from the previous period14P€-20k€-68k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-04
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL EDAR AVENUE DE LA CHASSE 133, 1040 ETTERBEEK · event 20-04-2026
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 304 days late
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 650 days late
2020
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
28-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 455 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 64 days late
10-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 406 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
1 establishment unit since 2014
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.
Ground area
75 m²
Building footprint
63 m²
Volume, LiDAR
859 m³
Parcel 21364B0183/00H003, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20142.262.238.948
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES PIRON AVENUE HENRI JASPAR 113 BTE 3,
1060 SAINT-GILLES |
20-04-2026 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-07-2014
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.