EDC
ActiveSummary
EDC has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €-5k. Equity is shrinking by ~5.7% per year across the filed fiscal years. Its solvency ranks better than 65% of 394 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17▲+13
Solvency93▼-7
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 3.05 in 2024; short-term debt: 31.5% and cash: 36.9% of total assets), and 31.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · 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 2025Solvency, return and age of the figures
Solvency
68.3%
Return on assets
-4.6%
Age of the figures
9 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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
26 d late
2023
30 d late
2022
28 d early
2021
34 d early
2020
33 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€77k▼ 16.6%
2024 · €92k
2018: €140k
2019: €147k▲ +5.0% vs 2018highest in 8 years
2020: €145k▼ -1.5% vs 2019
2021: €133k▼ -8.3% vs 2020
2022: €132k▼ -0.5% vs 2021
2023: €127k▼ -4.2% vs 2022
2024: €92k▼ -27.6% vs 2023
2025: €77k▼ -16.6% vs 2024lowest in 8 years
2018 → 2025
Total assets
€112k▼ 8.6%
2024 · €123k
2018: €148k
2019: €184k▲ +23.9% vs 2018highest in 8 years
2020: €177k▼ -3.5% vs 2019
2021: €166k▼ -6.5% vs 2020
2022: €146k▼ -11.8% vs 2021
2023: €135k▼ -7.4% vs 2022
2024: €123k▼ -9.4% vs 2023
2025: €112k▼ -8.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€-5k▲ 64.3%
2024 · €-15k
2018: €6k
2019: €7k▲ +16.3% vs 2018highest in 8 years
2020: €-2k▼ -131% vs 2019
2021: €-12k▼ -458% vs 2020
2022: €-722▲ +94.0% vs 2021
2023: €-6k▼ -661% vs 2022
2024: €-15k▼ -165% vs 2023lowest in 8 years
2025: €-5k▲ +64.3% vs 2024
2018 → 2025
Working capital
€54k▼ 13.6%
2024 · €63k
2018: €133khighest in 8 years
2019: €132k▼ -0.4% vs 2018
2020: €132k▼ -0.2% vs 2019
2021: €92k▼ -30.2% vs 2020
2022: €82k▼ -10.8% vs 2021
2023: €89k▲ +8.2% vs 2022
2024: €63k▼ -29.4% vs 2023
2025: €54k▼ -13.6% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€133k-€132k▼ 0.5%€127k▼ 4.2%€92k▼ 27.6%€77k▼ 16.6%
2021: €133khighest in 5 years
2022: €132k▼ -0.5% vs 2021
2023: €127k▼ -4.2% vs 2022
2024: €92k▼ -27.6% vs 2023
2025: €77k▼ -16.6% vs 2024lowest in 5 years
Operating result€-10k-€58€-4k€-14k▼ 267%€-8k▲ 43.6%
2021: €-10k
2022: €58▲ +101% vs 2021highest in 5 years
2023: €-4k▼ -6545% vs 2022
2024: €-14k▼ -267% vs 2023lowest in 5 years
2025: €-8k▲ +43.6% vs 2024
Net result€-12k-€-722▲ 94.0%€-6k▼ 661%€-15k▼ 165%€-5k▲ 64.3%
2021: €-12k
2022: €-722▲ +94.0% vs 2021highest in 5 years
2023: €-6k▼ -661% vs 2022
2024: €-15k▼ -165% vs 2023lowest in 5 years
2025: €-5k▲ +64.3% vs 2024
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 €8k in 2025 against €14k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112k
Fixed assets
€23k ▼ 22.7%
Current assets
€89k ▼ 4.1%
Equity and liabilities €112k
Equity
€77k ▼ 16.6%
Debt
€36k ▲ 15.2%
Debt's share of the balance-sheet total rises from 25.2% to 31.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€570▲
2024 · €-499
Cash flow
€3k▲
2024 · €-1k
Current ratio
2.53▼
2024 · 3.05
Quick ratio
2.28▼
2024 · 2.74
Debt to equity
0.46▲
2024 · 0.34
ROE
-6.8%▲
2024 · -15.9%
ROA
-4.6%▲
2024 · -11.9%
Interest coverage
0.45▲
2024 · -0.28
Debt ≤ 1 year
€35k▲
2024 · €31k
Income taxes
€135▼
2024 · €145
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€123k€112k▼
Fixed assets21/28€29k€23k▼
Intangible fixed assets21€3k-
Tangible fixed assets22/27€27k€23k▼
Plant, machinery and equipment23€9k€8k▼
Furniture and vehicles24€354€56▼
Other tangible fixed assets26€17k€15k▼
Current assets29/58€93k€89k▼
Stocks and contracts in progress3€10k€9k▼
Stocks30/36€4k€3k▼
Contracts in progress37€6k€6k=
Amounts receivable within one year40/41€4k€2k▼
Trade receivables40-€2k
Other amounts receivable41€4k€432▼
Current investments50/53€43k€36k▼
Cash at bank and in hand54/58€36k€41k▲
Deferred charges and accrued income490/1€883€724▼
Equity and liabilities
Total equity and liabilities10/49€123k€112k▼
Equity10/15€92k€77k▼
Contributions10/11€20k€20k=
Reserves13€71k€56k▼
Distributable reserves133€71k€56k▼
Amounts payable17/49€31k€36k▲
Amounts payable within one year42/48€31k€35k▲
Trade debts44€2k€18k▲
Suppliers440/4€2k€18k▲
Taxes, remuneration and social security45€8k€8k▼
Taxes450/3€8k€8k▼
Other amounts payable47/48€20k€10k▼
Accrued charges and deferred income492/3€244€235▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€8k▼
Other operating charges640/8€19k€15k▼
Gross operating margin9900€18k€16k▼
Operating profit (loss)9901€-14k€-8k▲
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€4k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-14k€-5k▲
Income taxes67/77€145€135▼
Profit (loss) for the period9904€-15k€-5k▲
Profit (loss) for the period to be appropriated9905€-15k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-5k▲
Transfer from equity791/2€35k€15k▼
Profit to be distributed694/7€20k€10k▼
Return on contributions (dividend)694€20k€10k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €13k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €25k | €22k | €13k | €8k | ▼ 37.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €4k | - | - | - | - |
| Other operating charges640/8 | €13k | €4k | €3k | €19k | €15k | ▼ 19.6% |
| Non-recurring operating charges66A | €15 | - | - | - | - | - |
| Gross operating margin9900 | €20k | €33k | €21k | €18k | €16k | ▼ 14.2% |
| Operating profit (loss)9901 | €-10k | €58 | €-4k | €-14k | €-8k | ▲ 43.6% |
| Financial income75/76B | €2 | - | €698 | €1k | €4k | ▲ 241% |
| Recurring financial income75 | €2 | - | €698 | €1k | €4k | ▲ 241% |
| Financial charges65/66B | €662 | €486 | €2k | €2k | €1k | ▼ 28.7% |
| Recurring financial charges65 | €662 | €486 | €2k | €2k | €1k | ▼ 28.7% |
| Profit (loss) for the period before taxes9903 | €-10k | €-428 | €-5k | €-14k | €-5k | ▲ 64.8% |
| Income taxes67/77 | €2k | €295 | €126 | €145 | €135 | ▼ 7.0% |
| Profit (loss) for the period9904 | €-12k | €-722 | €-6k | €-15k | €-5k | ▲ 64.3% |
| Transfer from tax-exempt reserves789 | €13k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1k | €-722 | €-6k | €-15k | €-5k | ▲ 64.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €166k | €146k | €135k | €123k | €112k | ▼ 8.6% |
| Fixed assets21/28 | €48k | €51k | €38k | €29k | €23k | ▼ 22.7% |
| Intangible fixed assets21 | €15k | €19k | €11k | €3k | - | - |
| Tangible fixed assets22/27 | €32k | €33k | €27k | €27k | €23k | ▼ 15.3% |
| Plant, machinery and equipment23 | €3k | €4k | €7k | €9k | €8k | ▼ 13.3% |
| Furniture and vehicles24 | €856 | €135 | €651 | €354 | €56 | ▼ 84.2% |
| Leasing and similar rights25 | €12k | €6k | - | - | - | - |
| Other tangible fixed assets26 | €16k | €22k | €20k | €17k | €15k | ▼ 14.9% |
| Financial fixed assets28 | €2k | - | - | - | - | - |
| Current assets29/58 | €118k | €95k | €97k | €93k | €89k | ▼ 4.1% |
| Stocks and contracts in progress3 | €16k | €12k | €12k | €10k | €9k | ▼ 7.5% |
| Stocks30/36 | €5k | €6k | €6k | €4k | €3k | ▼ 18.1% |
| Contracts in progress37 | €11k | €6k | €6k | €6k | €6k | = |
| Amounts receivable within one year40/41 | €21k | €22k | €13k | €4k | €2k | ▼ 45.8% |
| Trade receivables40 | €20k | €11k | €9k | - | €2k | - |
| Other amounts receivable41 | €1k | €11k | €4k | €4k | €432 | ▼ 88.7% |
| Current investments50/53 | - | - | €68k | €43k | €36k | ▼ 14.9% |
| Cash at bank and in hand54/58 | €79k | €60k | €5k | €36k | €41k | ▲ 14.3% |
| Deferred charges and accrued income490/1 | €1k | €1k | €660 | €883 | €724 | ▼ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €166k | €146k | €135k | €123k | €112k | ▼ 8.6% |
| Equity10/15 | €133k | €132k | €127k | €92k | €77k | ▼ 16.6% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €20k | = |
| Reserves13 | €114k | €114k | €106k | €71k | €56k | ▼ 21.3% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €113k | €112k | €106k | €71k | €56k | ▼ 21.3% |
| Amounts payable17/49 | €33k | €14k | €9k | €31k | €36k | ▲ 15.2% |
| Amounts payable after more than one year17 | €7k | €1k | - | - | - | - |
| Financial debts170/4 | €7k | €1k | - | - | - | - |
| Amounts payable within one year42/48 | €26k | €13k | €8k | €31k | €35k | ▲ 15.4% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | - | - | - | - |
| Trade debts44 | €13k | €4k | €6k | €2k | €18k | ▲ 627% |
| Suppliers440/4 | €13k | €4k | €6k | €2k | €18k | ▲ 627% |
| Taxes, remuneration and social security45 | €6k | €3k | €2k | €8k | €8k | ▼ 2.2% |
| Taxes450/3 | €6k | €3k | €2k | €8k | €8k | ▼ 2.2% |
| Other amounts payable47/48 | €79 | €79 | €79 | €20k | €10k | ▼ 50.7% |
| Accrued charges and deferred income492/3 | - | - | €262 | €244 | €235 | ▼ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €-722 | €-6k | €-15k | €-5k | ▲ 64.3% |
| + Depreciation and write-downs630 | €17k | €25k | €22k | €13k | €8k | ▼ 37.3% |
| Operating cash flow (approximation) | €5k | €24k | €16k | €-1k | €3k | ▲ 354% |
| Investment in fixed assets (approximation) | - | €-28k | €-9k | €-5k | €-2k | ▲ 62.7% |
| Change in cash | - | €-19k | €-56k | €31k | €5k | ▼ 83.5% |
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
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Weakest financial yearnet €-15k
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €7k ▲16.3%
Operating result €11k, net result €7k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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
Registered office, Izegem · 1 establishment unit since 1987
Ground area
3,019 m²
Building footprint
1,084 m²
Volume, LiDAR
6,754 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BVBA EDC
since 19872.031.085.176
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36494D0019/00H000 | Flanders | 2,791 m² | 1 · 984 m² | 7.7 m · 2 fl. |
| 36492A0661/00R000 | Flanders | 228 m² | 1 · 100 m² | 8.6 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,617 EUR awarded · 1,617 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 135 EUR | 135 EUR |
| 2024 | 1 | 510 EUR | 510 EUR |
| 2023 | 1 | 972 EUR | 972 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 18 companies in sector 28292 we hold annual accounts for 16. 7 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
Founded28-09-1987
Fiscal year end31-12
Activities, NACEBEL 2025
28292Manufacture of machinery and equipment not elsewhere classified
Scores and ratios are computed by Checked and are not a credit decision.