EDCO
InactiveFinancials · financial year 2024, micro format
Annual accounts 2024 filed on 24-06-2025 at the NBB all 2 filings
Equity
€249,097▼ 21.3%
2023 · €316,560
Total assets
€302,487▼ 36.0%
2023 · €472,714
Net result
-€67,463
2023 · €259,132
Working capital
€249,747▼ 21.1%
2023 · €316,553
Trend over the years
2023 to 2024, 2 financial years
The operating result for 2024 is a loss of €65,588, after a profit of €21,441 in 2023.
Operating result-€65,588
2024
Net result-€67,463
2024
Total assets€302,487
2024
Equity€249,097
2024
Debt€53,389
2024
Working capital€249,747
2024
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20232024
Operating result€21,441--€65,588
Net result€259,132--€67,463
Equity€316,560-€249,097▼ 21.3%
Total assets€472,714-€302,487▼ 36.0%
Debt€156,153-€53,389▼ 65.8%
Working capital€316,553-€249,747▼ 21.1%
Staff (FTE)0-
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €302,487
Equity
€249,097 ▼ 21.3%
Debt
€53,389 ▼ 65.8%
Debt's share of the balance-sheet total falls from 33.0% to 17.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€65,588▼
2023 · €21,870
Cash flow
-€67,463▼
2023 · €259,562
Current ratio
5.74▲
2023 · 3.04
Quick ratio
5.53▲
2023 · 3.04
Debt to equity
0.21▼
2023 · 0.49
ROE
-27.1%▼
2023 · 81.9%
ROA
-22.3%▼
2023 · 54.8%
Interest coverage
-9.59▼
2023 · 4.86
Debt ≤ 1 year
€52,740▼
2023 · €155,434
Income taxes
€77▼
2023 · €30,267
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 |
|---|---|---|
| Tangible fixed assets | €0 | - |
| Depreciation and write-downs of the year | €430 | €0 |
Source: notes to the 2023 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €430 | €0 | ▼ 100% |
| Other operating charges640/8 | €919 | €649 | ▼ 29.3% |
| Non-recurring operating charges66A | - | €39,932 | - |
| Gross operating margin9900 | €22,789 | -€25,006 | - |
| Operating profit (loss)9901 | €21,441 | -€65,588 | - |
| Financial income75/76B | €272,455 | €5,044 | ▼ 98.1% |
| Recurring financial income75 | €1,902 | €4,970 | ▲ 161% |
| Non-recurring financial income76B | €270,553 | €74 | ▼ 100.0% |
| Financial charges65/66B | €4,496 | €6,842 | ▲ 52.2% |
| Recurring financial charges65 | €4,496 | €6,842 | ▲ 52.2% |
| Profit (loss) for the period before taxes9903 | €289,399 | -€67,386 | - |
| Income taxes67/77 | €30,267 | €77 | ▼ 99.7% |
| Profit (loss) for the period9904 | €259,132 | -€67,463 | - |
| Profit (loss) for the period to be appropriated9905 | €259,132 | -€67,463 | - |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €472,714 | €302,487 | ▼ 36.0% |
| Fixed assets21/28 | €726 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €726 | €0 | ▼ 100% |
| Furniture and vehicles24 | €726 | €0 | ▼ 100% |
| Financial fixed assets28 | €0 | - | - |
| Current assets29/58 | €471,987 | €302,487 | ▼ 35.9% |
| Stocks and contracts in progress3 | - | €11,074 | - |
| Stocks30/36 | - | €11,074 | - |
| Amounts receivable within one year40/41 | €54,916 | €13,405 | ▼ 75.6% |
| Trade receivables40 | €0 | - | - |
| Other amounts receivable41 | €54,916 | €13,405 | ▼ 75.6% |
| Cash at bank and in hand54/58 | €416,665 | €278,007 | ▼ 33.3% |
| Deferred charges and accrued income490/1 | €407 | €0 | ▼ 100% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €472,714 | €302,487 | ▼ 36.0% |
| Equity10/15 | €316,560 | €249,097 | ▼ 21.3% |
| Contributions10/11 | €25,000 | €25,000 | = |
| Reserves13 | €286,920 | €286,920 | = |
| Non-distributable reserves130/1 | €2,500 | €2,500 | = |
| Reserves not available under the articles1311 | €2,500 | €2,500 | = |
| Distributable reserves133 | €284,420 | €284,420 | = |
| Profit (loss) carried forward14 | €4,640 | -€62,823 | - |
| Amounts payable17/49 | €156,153 | €53,389 | ▼ 65.8% |
| Amounts payable within one year42/48 | €155,434 | €52,740 | ▼ 66.1% |
| Financial debts43 | €29,485 | €24,979 | ▼ 15.3% |
| Credit institutions430/8 | €29,485 | €24,979 | ▼ 15.3% |
| Trade debts44 | €1,492 | €1,272 | ▼ 14.7% |
| Suppliers440/4 | €1,492 | €1,272 | ▼ 14.7% |
| Taxes, remuneration and social security45 | €44,457 | €26,489 | ▼ 40.4% |
| Taxes450/3 | €44,457 | €26,489 | ▼ 40.4% |
| Other amounts payable47/48 | €80,000 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €719 | €649 | ▼ 9.7% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €259,132 | -€67,463 | - |
| + Depreciation and write-downs630 | €430 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €259,562 | -€67,463 | - |
| Investment in fixed assets (approximation) | - | €726 | - |
| Change in cash | - | -€138,658 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.