EDCOM
ActiveSummary
EDCOM has been active since 2004 and the Belgian Official 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 about 3% per year across the filed financial years. Its solvency ranks better than 5% of 39,184 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- -€458,159
- Loss
- -€29,737
Why 53raises riskCapped at 59: negative equityNegative equity -€458,159Loss of €29,737, the second in a row (financial year 2025)lowers riskSize: total assets €10,623Sector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 3% on solvency, 7% on liquidity, 4% on profitability and 30% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 19 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Weakest financial yearnet -€36,433
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €30,440 in 2025 against €36,042 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 6,619 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.4% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 6,619 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.
| Line | 2019 | 2020 | 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 | -€28,039 | -€12,211 | €28,401 | €12,503 | -€8,336 | -€26,420 | -€22,320 | ▲ 15.5% |
| Operating profit (loss)9901 | -€28,867 | -€13,056 | €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 | €0 | €1,090 | - |
| Financial charges65/66B | - | - | - | €170 | €64 | €101 | €101 | ▲ 0.4% |
| Recurring financial charges65 | €87 | €102 | €116 | €170 | €64 | €101 | €101 | ▲ 0.4% |
| Profit (loss) for the period before taxes9903 | -€28,954 | -€13,158 | €22,423 | €2,995 | -€17,132 | -€36,143 | -€29,451 | ▲ 18.5% |
| Income taxes67/77 | €191 | €177 | €296 | €248 | €306 | €290 | €286 | ▼ 1.2% |
| Profit (loss) for the period9904 | -€29,145 | -€13,335 | €22,127 | €2,747 | -€17,439 | -€36,433 | -€29,737 | ▲ 18.4% |
| Profit (loss) for the period to be appropriated9905 | -€29,145 | -€13,335 | €22,127 | €2,747 | -€17,439 | -€36,433 | -€29,737 | ▲ 18.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €20,763 | €3,517 | €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 | €20,763 | €3,517 | €10,333 | €14,316 | €4,484 | €6,837 | €7,674 | ▲ 12.2% |
| Amounts receivable within one year40/41 | €12,396 | €0 | - | €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 | €8,367 | €3,517 | €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 | €20,763 | €3,517 | €44,117 | €40,391 | €22,851 | €17,495 | €10,623 | ▼ 39.3% |
| Equity10/15 | -€386,090 | -€399,425 | -€377,298 | -€374,551 | -€391,989 | -€428,422 | -€458,159 | ▼ 6.9% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,855 | €1,855 | €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 | -€394,145 | -€407,480 | -€385,353 | -€382,606 | -€400,044 | -€436,477 | -€466,214 | ▼ 6.8% |
| Amounts payable17/49 | €406,853 | €402,942 | €421,415 | €414,942 | €414,840 | €445,917 | €468,782 | ▲ 5.1% |
| Amounts payable within one year42/48 | €406,853 | €402,942 | €421,415 | €414,830 | €414,840 | €445,917 | €468,782 | ▲ 5.1% |
| Trade debts44 | €2,010 | €1,268 | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€29,145 | -€13,335 | €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) | -€29,145 | -€13,335 | €26,887 | €10,456 | -€9,730 | -€28,724 | -€22,029 | ▲ 23.3% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€4,850 | €5,465 | €2,394 | -€9,644 | -€994 | €782 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-09-2025 | micro format | 27-04-2026 | 2026-00088222 |
| 30-09-2024 | micro format | 28-04-2025 | 2025-00077669 |
| 30-09-2023 | micro format | 25-03-2024 | 2024-00048368 |
| 30-09-2022 | micro format | 20-04-2023 | 2023-00061758 |
| 30-09-2021 | micro format | 29-03-2022 | 2022-09000259 |
| 30-09-2020 | micro format | 08-04-2021 | 2021-10000090 |
| 30-09-2019 | micro format | 30-03-2020 | 2020-07900108 |
| 30-09-2018 | micro format | 25-04-2019 | 2019-10600137 |
| 30-09-2017 | micro format | 20-03-2018 | 2018-07100572 |
| 30-09-2016 | abbreviated format | 29-03-2017 | 2017-08000309 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DESTOOP, Edouard |
|
Owners and capital
Capital and shareholders
- 05-09-2023 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
05-09
Gazette deed
Resignation: DESTOOP, Edouard (manager)Appointment: DESTOOP, Edouard (director) · Capital conversion · Registered office clause12 facts ▸
- General meeting, 29-08-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, statuten aanpassen en rechtsvorm besloten vennootschap behouden” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Registered office clause, “verwijzing naar adres uit statuten geschrapt,precies adres buiten statuten, 8792 Desselgem (Waregem),Leemputstraat 16” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Capital
- Director resignation, DESTOOP, Edouard (manager)
- Director appointment, DESTOOP, Edouard (director (not named in the articles))
- Director discharge, DESTOOP, Edouard
- Power of attorney, Bernard Desmet
- Power of attorney
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 34010B0218/00V000 | Flanders | 3,576 m² | 1 · 316 m² | 8.0 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “1. Het verlenen van administratief,financieel en managementadvies betreffende het bestuur van diverse ondernemingen in de meest ruime zin…” (deed in Dutch)
16 activities (deed in Dutch)
- 1. Het verlenen van administratief,financieel en managementadvies betreffende het bestuur van diverse ondernemingen in de meest ruime zin van het woord. Het verstrekken van alle vormen van adviezen aan ondernemingen,welke niet door de wet voorbehouden zijn aan gespecialiseerde beroepen,zich situerend op het vlak van het management en marketing. Deze adviezen kunnen verstrekt worden onder de vorm van interim management,crisis management of nog andere denkbare vormen.
- 1. Het bestuur waarnemen van andere vennootschappen of ondernemingen en daarvoor vergoedingen ontvangen.
- 2. De groot- en kleinhandel,de aankoop en verkoop,de import en export,de zelfstandige vertegenwoordiging,de commissiehandel en het postorderbedrijf,van alle textielvaren en tapijten en dat in de meest ruime zin.
- 3. Het verwerven en beheren van antiek en meubels en dat in de meest ruime zin; de aankoop,verkoop,de groot- en kleinhandel,de import en export,het verhuren,het tentoonstellen tegen vergoeding van antiek en meubels en in het algemeen van handel in antiek en meubels.
- 4. Alle immobiliaire operaties of ermee verband houdende verrichtingen met name: de aankoop,verkoop,ruiling,het bouwen,het laten bouwen,het huren,verhuren,ter beschikking stellen van gebouwen en gronden,de omvorming of ombouw en valorisatie van onroerende goederen,in voorkomend geval door middel van lotissering,verkaveling,nieuwbouw,heropbouw of verbouwing,alle activiteiten van makelaar in onroerende goederen.
- 5. Het optreden als tussenpersoon in de handel.
- 6. Het verstrekken van operationeel en intellectueel advies betreffende de commerciële organisatie en uitbating van productiebedrijven of dienstverlenende ondernemingen.
- 7. Het verlenen van commercieel advies betreffende de marketing van producten van productie of dienstverlenende ondernemingen.
- 8. Het beheren van een onroerend patrimonium en het valoriseren van dit patrimonium door het stellen van alle bestuursdaden ondermeer aankoop,verkoop,verhuren,in huur nemen,ruilen,oprichten,laten uitvoeren van bouwwerken dit alles in de ruimste zin.
- 9. Het beheren van bedrijfsruimtes en het valoriseren ervan door het stellen van alle bestuursdaden,ondermeer oprichten,aankoop,verkoop,ruilen,laten uitvoeren van bouwwerken en het ter beschikking stellen ervan; dit alles in de ruimste zin.
- 10. Het beheren van een roerend patrimonium inzonderheid van het verwerven en verhandelen van effecten,de participatie in andere vennootschappen en/of ondernemingen,het stellen van zakelijke of persoonlijke waarborgen in het voordeel van derden.
- 11. Het verwerven,en beheren van een kunstpatrimonium en dat in de meest ruime zin; de aankoop,verkoop,het verhuren,het tentoonstellen tegen vergoeding van kunstwerken en in het algemeen van handel in de kunst.
- 12. Het verwerven van licenties,brevetten en octrooien,alle rechten op know-how en ontwikkelde procédés.
- 13. De vennootschap mag zich borgstellen of zakelijke zekerheden verstrekken ten voordele van derden of ondernemingen of vennootschappen waarin zij belangen bezit als medeeigenaar,vennoot,schuldeiser of op andere wijze.
- 14. Zij mag op welke wijze ook betrokken zijn in zaken,ondernemingen of vennootschappen die hetzelfde,een soortgelijk,een gelijkaardig of samenhangend voorwerp hebben of die de ontwikkeling van haar onderneming kunnen bevorderen.
- 15. De vennootschap mag alle verrichtingen uitvoeren in België of in het buitenland,voor eigen rekening en voor rekening van derden,dit alles in de meest uitgebreide zin.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Edcom
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meer bestuurders, indien benoemd in statuten” (deed in Dutch)“Vormen college dat voorzitter aanstelt en handelt zoals raadvergadering, wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)“Algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of March at 11:00