EDCOM
ActiveSummary
EDCOM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€458,159) and a net result of -€29,737. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 5% of 31896 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.02 against 0.02 in 2024; cash: 14.3% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
Return on assets
-279.9%
Age of the figures
12 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€458,159
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
36 d early
2022
10 d early
2021
32 d early
2020
22 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€458,159▼ 6.9%
2024 · -€428,422
Total assets
€10,623▼ 39.3%
2024 · €17,495
Net result
-€29,737▲ 18.4%
2024 · -€36,433
Working capital
-€461,108▼ 5.0%
2024 · -€439,079
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22,539€3,165▼ 86.0%-€17,068-€36,042▼ 111%-€30,440▲ 15.5%
Net result€22,127within the sector's middle half€2,747within the sector's middle half▼ 87.6%-€17,439below the sector's middle half-€36,433below the sector's middle half▼ 109%-€29,737below the sector's middle half▲ 18.4%
Equity-€377,298below the sector's middle half▲ 5.5%-€374,551below the sector's middle half▲ 0.7%-€391,989below the sector's middle half▼ 4.7%-€428,422below the sector's middle half▼ 9.3%-€458,159below the sector's middle half▼ 6.9%
Total assets€44,117below the sector's middle half▲ 1,154%€40,391below the sector's middle half▼ 8.4%€22,851below the sector's middle half▼ 43.4%€17,495below the sector's middle half▼ 23.4%€10,623below the sector's middle half▼ 39.3%
Debt€421,415▲ 4.6%€414,942▼ 1.5%€414,840=€445,917▲ 7.5%€468,782▲ 5.1%
Working capital-€411,082▼ 2.9%-€400,514▲ 2.6%-€410,356▼ 2.5%-€439,079▼ 7.0%-€461,108▼ 5.0%
Solvency-855.2%below the sector's middle half-927.3%below the sector's middle half▼ 72.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 €30,440 in 2025 against €36,042 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10,623
Fixed assets
€2,949 ▼ 72.3%
Current assets
€7,674 ▲ 12.2%
Key figures and ratios
EBITDA
-€22,732▲
2024 · -€28,333
Cash flow
-€22,029▲
2024 · -€28,724
Current ratio
0.02▲
2024 · 0.02
Debt to equity
-1.02▲
2024 · -1.04
ROA
-279.9%▼
2024 · -208.2%
Interest coverage
-224.44▲
2024 · -280.86
Debt ≤ 1 year
€468,782▲
2024 · €445,917
Income taxes
€286▼
2024 · €290
A ratio outside any meaningful range has been withheld (balance sheet total €10,623, equity -€458,159).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,640 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.1%
went bankrupt
9.9%
stopped otherwise
84%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,640 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,760 | €7,709 | €7,709 | €7,709 | €7,709 | = |
| Other operating charges640/8 | - | €1,629 | €1,022 | €1,913 | €411 | ▼ 78.5% |
| Gross operating margin9900 | €28,401 | €12,503 | -€8,336 | -€26,420 | -€22,320 | ▲ 15.5% |
| Operating profit (loss)9901 | €22,539 | €3,165 | -€17,068 | -€36,042 | -€30,440 | ▲ 15.5% |
| Financial income75/76B | - | - | €0 | €0 | €1,090 | - |
| Recurring financial income75 | €0 | - | €0 | €0 | €1,090 | - |
| Financial charges65/66B | - | €170 | €64 | €101 | €101 | ▲ 0.4% |
| Recurring financial charges65 | €116 | €170 | €64 | €101 | €101 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | €22,423 | €2,995 | -€17,132 | -€36,143 | -€29,451 | ▲ 18.5% |
| Income taxes67/77 | €296 | €248 | €306 | €290 | €286 | ▼ 1.2% |
| Profit (loss) for the period9904 | €22,127 | €2,747 | -€17,439 | -€36,433 | -€29,737 | ▲ 18.4% |
| Profit (loss) for the period to be appropriated9905 | €22,127 | €2,747 | -€17,439 | -€36,433 | -€29,737 | ▲ 18.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,117 | €40,391 | €22,851 | €17,495 | €10,623 | ▼ 39.3% |
| Fixed assets21/28 | €33,784 | €26,076 | €18,367 | €10,658 | €2,949 | ▼ 72.3% |
| Tangible fixed assets22/27 | €33,784 | €26,076 | €18,367 | €10,658 | €2,949 | ▼ 72.3% |
| Furniture and vehicles24 | - | €26,076 | €18,367 | €10,658 | €2,949 | ▼ 72.3% |
| Current assets29/58 | €10,333 | €14,316 | €4,484 | €6,837 | €7,674 | ▲ 12.2% |
| Amounts receivable within one year40/41 | - | €524 | €0 | €4,317 | €3,581 | ▼ 17.0% |
| Trade receivables40 | - | €524 | €0 | €3,183 | €3,183 | = |
| Other amounts receivable41 | - | - | - | €1,133 | €398 | ▼ 64.9% |
| Cash at bank and in hand54/58 | €8,982 | €11,377 | €1,733 | €739 | €1,521 | ▲ 106% |
| Deferred charges and accrued income490/1 | - | €2,415 | €2,752 | €1,782 | €2,572 | ▲ 44.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,117 | €40,391 | €22,851 | €17,495 | €10,623 | ▼ 39.3% |
| Equity10/15 | -€377,298 | -€374,551 | -€391,989 | -€428,422 | -€458,159 | ▼ 6.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | - | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €1,855 | €0 | - | - | - |
| Distributable reserves133 | - | - | €1,855 | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | -€385,353 | -€382,606 | -€400,044 | -€436,477 | -€466,214 | ▼ 6.8% |
| Amounts payable17/49 | €421,415 | €414,942 | €414,840 | €445,917 | €468,782 | ▲ 5.1% |
| Amounts payable within one year42/48 | €421,415 | €414,830 | €414,840 | €445,917 | €468,782 | ▲ 5.1% |
| Trade debts44 | €852 | €1,951 | €1,113 | €2,279 | €3,003 | ▲ 31.8% |
| Suppliers440/4 | - | €1,951 | €1,113 | €2,279 | €3,003 | ▲ 31.8% |
| Taxes, remuneration and social security45 | - | €3,377 | €899 | €333 | €330 | ▼ 1.1% |
| Taxes450/3 | - | €3,377 | €899 | €333 | €330 | ▼ 1.1% |
| Other amounts payable47/48 | - | €409,502 | €412,828 | €443,305 | €465,449 | ▲ 5.0% |
| Accrued charges and deferred income492/3 | - | €112 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,127 | €2,747 | -€17,439 | -€36,433 | -€29,737 | ▲ 18.4% |
| + Depreciation and write-downs630 | €4,760 | €7,709 | €7,709 | €7,709 | €7,709 | = |
| Operating cash flow (approximation) | €26,887 | €10,456 | -€9,730 | -€28,724 | -€22,029 | ▲ 23.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €2,394 | -€9,644 | -€994 | €782 | ▲ 179% |
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
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €22,127
Net result €22,127 after 3 loss-making years.
08-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Waregem · 1 establishment unit since 2004
Ground area
3,576 m²
Building footprint
316 m²
Volume, LiDAR
1,516 m³
Parcel 34010B0218/00V000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
EDCOM
since 20042.137.042.830
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34010B0218/00V000 | Flanders | 3,576 m² | 1 · 316 m² | 8.0 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-03-2004
Fiscal year end30-09
Activities, NACEBEL 2025
70200Business and other management consultancy
46412Wholesale of household textiles and bedding
47791Retail sale of antiques
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863860323
Also
9925:BE0863860323
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.