EDCO
ActiveSummary
EDCO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.30M and a net result of €-14k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 57% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52=
Solvency65▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity short (current ratio 0.74 against 1.0 in 2024; short-term debt: 13.2% and cash: 0.2% of total assets), and 60.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.7%
Return on assets
-0.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
29 d late
2023
30 d late
2022
88 d late
2021
30 d late
2020
31 d late
2019
91 d late
← 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, abbreviated schema
Equity
€1.30M▼ 1.2%
2024 · €1.32M
2018: €182klowest in 8 years
2019: €189k▲ +4.2% vs 2018
2020: €199k▲ +5.3% vs 2019
2021: €1.21M▲ +509% vs 2020
2022: €1.27M▲ +4.4% vs 2021
2023: €1.30M▲ +2.9% vs 2022
2024: €1.32M▲ +1.3% vs 2023highest in 8 years
2025: €1.30M▼ -1.2% vs 2024
2018 → 2025
Total assets
€3.29M▼ 6.2%
2024 · €3.50M
2018: €450k
2019: €467k▲ +3.9% vs 2018
2020: €423k▼ -9.4% vs 2019lowest in 8 years
2021: €1.65M▲ +289% vs 2020
2022: €3.49M▲ +112% vs 2021
2023: €3.48M▼ -0.4% vs 2022
2024: €3.50M▲ +0.8% vs 2023highest in 8 years
2025: €3.29M▼ -6.2% vs 2024
2018 → 2025
Net result
€-14k
2024 · €18k
2018: €40k
2019: €11k▼ -72.9% vs 2018
2020: €12k▲ +7.8% vs 2019
2021: €1.02M▲ +8628% vs 2020highest in 8 years
2022: €55k▼ -94.6% vs 2021
2023: €67k▲ +20.7% vs 2022
2024: €18k▼ -72.4% vs 2023
2025: €-14k▼ -177% vs 2024lowest in 8 years
2018 → 2025
Working capital
€-114k
2024 · €1k
2018: €-48k
2019: €-59k▼ -23.8% vs 2018
2020: €-63k▼ -6.0% vs 2019
2021: €1.40M▲ +2320% vs 2020highest in 8 years
2022: €118k▼ -91.5% vs 2021
2023: €192k▲ +62.0% vs 2022
2024: €1k▼ -99.4% vs 2023
2025: €-114k▼ -9388% 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€1.21M-€1.27M▲ 4.4%€1.30M▲ 2.9%€1.32M▲ 1.3%€1.30M▼ 1.2%
2021: €1.21Mlowest in 5 years
2022: €1.27M▲ +4.4% vs 2021
2023: €1.30M▲ +2.9% vs 2022
2024: €1.32M▲ +1.3% vs 2023highest in 5 years
2025: €1.30M▼ -1.2% vs 2024
Operating result€1.36M-€96k▼ 93.0%€146k▲ 52.5%€74k▼ 49.2%€28k▼ 62.8%
2021: €1.36Mhighest in 5 years
2022: €96k▼ -93.0% vs 2021
2023: €146k▲ +52.5% vs 2022
2024: €74k▼ -49.2% vs 2023
2025: €28k▼ -62.8% vs 2024lowest in 5 years
Net result€1.02M-€55k▼ 94.6%€67k▲ 20.7%€18k▼ 72.4%€-14k
2021: €1.02Mhighest in 5 years
2022: €55k▼ -94.6% vs 2021
2023: €67k▲ +20.7% vs 2022
2024: €18k▼ -72.4% vs 2023
2025: €-14k▼ -177% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 63% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.29M
Fixed assets
€2.97M ▼ 0.2%
Current assets
€320k ▼ 39.8%
Equity and liabilities €3.29M
Equity
€1.30M ▼ 1.2%
Provisions
€265k ▼ 5.9%
Debt
€1.72M ▼ 9.7%
Debt's share of the balance-sheet total falls from 54.3% to 52.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€160k▼
2024 · €189k
Cash flow
€118k▼
2024 · €133k
Current ratio
0.74▼
2024 · 1.00
Debt to equity
1.32▼
2024 · 1.44
ROE
-1.1%▼
2024 · 1.4%
ROA
-0.4%▼
2024 · 0.5%
Interest coverage
4.07▲
2024 · 3.92
Debt ≤ 1 year
€434k▼
2024 · €530k
Debt > 1 year
€1.28M▼
2024 · €1.37M
Income taxes
€19k▼
2024 · €25k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.50M€3.29M▼
Fixed assets21/28€2.97M€2.97M▼
Tangible fixed assets22/27€2.19M€2.18M▼
Land and buildings22€2.19M€2.18M▼
Plant, machinery and equipment23€26€0▼
Financial fixed assets28€784k€784k=
Current assets29/58€531k€320k▼
Amounts receivable within one year40/41€522k€304k▼
Trade receivables40€376k€274k▼
Other amounts receivable41€147k€30k▼
Cash at bank and in hand54/58€8k€7k▼
Deferred charges and accrued income490/1€794€8k▲
Equity and liabilities
Total equity and liabilities10/49€3.50M€3.29M▼
Equity10/15€1.32M€1.30M▼
Contributions10/11€50k€50k=
Reserves13€1.27M€1.25M▼
Tax-exempt reserves132€844k€794k▼
Distributable reserves133€426k€460k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€281k€265k▼
Deferred taxes168€281k€265k▼
Amounts payable17/49€1.90M€1.72M▼
Amounts payable after more than one year17€1.37M€1.28M▼
Financial debts170/4€1.37M€1.28M▼
Amounts payable within one year42/48€530k€434k▼
Current portion of amounts payable after more than one year42€88k€89k▲
Trade debts44€57k€87k▲
Suppliers440/4€57k€87k▲
Taxes, remuneration and social security45€55k€47k▼
Taxes450/3€55k€47k▼
Remuneration and social security454/9€83€0▼
Other amounts payable47/48€330k€211k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€133k▲
Other operating charges640/8€16k€23k▲
Gross operating margin9900€205k€184k▼
Operating profit (loss)9901€74k€28k▼
Financial income75/76B€362€375▲
Recurring financial income75€362€375▲
Financial charges65/66B€48k€39k▼
Recurring financial charges65€48k€39k▼
Profit (loss) for the period before taxes9903€27k€-11k▼
Transfer from deferred taxes780€17k€17k=
Income taxes67/77€25k€19k▼
Profit (loss) for the period9904€18k€-14k▼
Transfer from tax-exempt reserves789€50k€50k=
Profit (loss) for the period to be appropriated9905€68k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€68k€35k▼
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€68k€34k▼
To other reserves6921€68k€34k▼
Profit to be distributed694/7€2k€2k▼
Return on contributions (dividend)694€2k€2k▼
The notes to these accounts (22 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €242k | €141k | €114k | €133k | ▲ 16.0% |
| Other operating charges640/8 | €9k | €11k | €15k | €16k | €23k | ▲ 46.8% |
| Gross operating margin9900 | €1.40M | €349k | €303k | €205k | €184k | ▼ 10.3% |
| Operating profit (loss)9901 | €1.36M | €96k | €146k | €74k | €28k | ▼ 62.8% |
| Financial income75/76B | €172 | €6k | €352 | €362 | €375 | ▲ 3.6% |
| Recurring financial income75 | €172 | €6k | €352 | €362 | €375 | ▲ 3.6% |
| Financial charges65/66B | €6k | €25k | €40k | €48k | €39k | ▼ 18.2% |
| Recurring financial charges65 | €6k | €25k | €40k | €48k | €39k | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €1.36M | €78k | €106k | €27k | €-11k | ▼ 143% |
| Transfer from deferred taxes780 | - | €17k | €17k | €17k | €17k | = |
| Transfer to deferred taxes680 | €331k | €0 | - | - | - | - |
| Income taxes67/77 | €10k | €39k | €56k | €25k | €19k | ▼ 21.6% |
| Profit (loss) for the period9904 | €1.02M | €55k | €67k | €18k | €-14k | ▼ 177% |
| Transfer from tax-exempt reserves789 | - | €50k | €50k | €50k | €50k | = |
| Transfer to tax-exempt reserves689 | €993k | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €23k | €105k | €116k | €68k | €35k | ▼ 47.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.65M | €3.49M | €3.48M | €3.50M | €3.29M | ▼ 6.2% |
| Fixed assets21/28 | €181k | €2.94M | €2.80M | €2.97M | €2.97M | ▼ 0.2% |
| Tangible fixed assets22/27 | €92k | €2.16M | €2.01M | €2.19M | €2.18M | ▼ 0.2% |
| Land and buildings22 | €62k | €2.15M | €2.01M | €2.19M | €2.18M | ▼ 0.2% |
| Plant, machinery and equipment23 | €1k | €886 | €110 | €26 | €0 | ▼ 100% |
| Furniture and vehicles24 | €29k | €0 | - | - | - | - |
| Leasing and similar rights25 | €0 | - | - | - | - | - |
| Financial fixed assets28 | €89k | €784k | €784k | €784k | €784k | = |
| Current assets29/58 | €1.47M | €551k | €677k | €531k | €320k | ▼ 39.8% |
| Amounts receivable within one year40/41 | €25k | €450k | €660k | €522k | €304k | ▼ 41.7% |
| Trade receivables40 | €19k | €277k | €487k | €376k | €274k | ▼ 27.0% |
| Other amounts receivable41 | €6k | €173k | €173k | €147k | €30k | ▼ 79.5% |
| Cash at bank and in hand54/58 | €1.44M | €100k | €16k | €8k | €7k | ▼ 13.0% |
| Deferred charges and accrued income490/1 | €3k | €870 | €765 | €794 | €8k | ▲ 940% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.65M | €3.49M | €3.48M | €3.50M | €3.29M | ▼ 6.2% |
| Equity10/15 | €1.21M | €1.27M | €1.30M | €1.32M | €1.30M | ▼ 1.2% |
| Contributions10/11 | €50k | €50k | €50k | €50k | €50k | = |
| Reserves13 | €1.16M | €1.22M | €1.25M | €1.27M | €1.25M | ▼ 1.3% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Tax-exempt reserves132 | €993k | €943k | €894k | €844k | €794k | ▼ 5.9% |
| Distributable reserves133 | €171k | €274k | €360k | €426k | €460k | ▲ 7.9% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €331k | €314k | €298k | €281k | €265k | ▼ 5.9% |
| Deferred taxes168 | €331k | €314k | €298k | €281k | €265k | ▼ 5.9% |
| Amounts payable17/49 | €102k | €1.91M | €1.87M | €1.90M | €1.72M | ▼ 9.7% |
| Amounts payable after more than one year17 | €34k | €1.47M | €1.39M | €1.37M | €1.28M | ▼ 6.5% |
| Financial debts170/4 | €34k | €1.47M | €1.39M | €1.37M | €1.28M | ▼ 6.5% |
| Amounts payable within one year42/48 | €68k | €432k | €486k | €530k | €434k | ▼ 18.2% |
| Current portion of amounts payable after more than one year42 | €29k | €106k | €88k | €88k | €89k | ▲ 0.4% |
| Trade debts44 | €5k | €7k | €13k | €57k | €87k | ▲ 52.4% |
| Suppliers440/4 | €5k | €7k | €13k | €57k | €87k | ▲ 52.4% |
| Taxes, remuneration and social security45 | €9k | €19k | €52k | €55k | €47k | ▼ 14.4% |
| Taxes450/3 | €9k | €19k | €52k | €55k | €47k | ▼ 14.2% |
| Remuneration and social security454/9 | - | €55 | €12 | €83 | €0 | ▼ 100% |
| Other amounts payable47/48 | €25k | €300k | €332k | €330k | €211k | ▼ 36.0% |
| Accrued charges and deferred income492/3 | €282 | €2k | €2k | €2k | €3k | ▲ 36.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.02M | €55k | €67k | €18k | €-14k | ▼ 177% |
| + Depreciation and write-downs630 | €27k | €242k | €141k | €114k | €133k | ▲ 16.0% |
| Operating cash flow (approximation) | €1.04M | €297k | €208k | €133k | €118k | ▼ 10.8% |
| Investment in fixed assets (approximation) | - | €-3.00M | €0 | €-289k | €-127k | ▲ 55.9% |
| Change in cash | - | €-1.34M | €-83k | €-8k | €-1k | ▲ 86.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 88 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €1.02M ▲8,628%
Operating result €1.36M, net result €1.02M, both a record.
31-12
Financial
Liquidity times 56current ratio 21.53
Current ratio from 0.38 to 21.53; short-term debt falls from €102k to €68k.
31-12
Financial
Equity above €1MEq €1.21M ▲509%
4 profitable years in a row build equity to €1.21M.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days 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, Ieper · 1 establishment unit since 2003
Ground area
2,317 m²
Building footprint
211 m²
Volume, LiDAR
1,209 m³
Parcel 33302B0275/00C002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EDCO
since 20032.134.545.475
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33302B0275/00C002 | Flanders | 2,317 m² | 1 · 211 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,326 companies in sector 68110 we hold annual accounts for 5,385. 3,048 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
Founded08-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.