EDEC (0425.921.159): financials and annual accounts

EDEC

Ixelles ·KBO/BCE: BE 0425.921.159

Line	2025	2024	2023	2022	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	238,915	217,180	795,756	778,060	209,937	202,629	257,357	200,843	190,757	207,235	213,839	179,804	156,110	153,136	164,202	136,886	128,948	126,305	161,974
Fixed assets`21/28`	19,274	3,524	3,524	3,524	3,524	3,543	3,543	3,543	3,543	3,543	3,543	3,543	3,543	3,543	3,543	3,543	4,265	5,403	7,385
Tangible fixed assets`22/27`	15,750	-	-	-	-	19	19	19	19	19	19	19	19	19	19	19	19	19	3,022
Furniture and vehicles`24`	15,750	-	-	-	-	19	19	19	19	19	19	19	19	19	19	19	19	19	3,022
Financial fixed assets`28`	3,524	3,524	3,524	3,524	3,524	3,524	3,524	3,524	3,524	3,524	3,524	3,524	3,524	3,524	3,524	3,524	4,246	5,384	4,363
Current assets`29/58`	219,642	213,656	792,233	774,536	206,413	199,086	253,814	197,301	187,214	203,692	210,297	176,261	152,567	149,594	160,660	133,344	124,683	120,901	154,589
Amounts receivable within one year`40/41`	214,420	30,667	448,577	678,142	185,406	169,699	177,103	107,427	168,520	165,834	166,131	116,848	126,205	118,716	150,329	113,380	113,760	87,094	118,352
Trade receivables`40`	16,730	22,422	40,965	267,965	175,229	158,171	155,369	89,088	152,321	159,293	160,398	109,856	119,309	116,356	148,151	113,380	113,760	86,056	116,718
Other amounts receivable`41`	197,690	8,245	407,612	410,177	10,177	11,528	21,734	18,339	16,199	6,540	5,733	6,993	6,896	2,360	2,178	-	-	1,038	1,634
Cash at bank and in hand`54/58`	5,222	1,257	2,730	592	1,007	3,594	2,262	14,704	2,774	673	872	2,142	10,445	4,950	2,178	2,176	5,775	1,757	620
Deferred charges and accrued income`490/1`	-	181,732	340,926	95,802	20,000	25,793	74,449	75,169	15,920	37,185	43,293	57,271	15,917	25,928	8,153	17,787	5,148	32,051	35,617
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	238,915	217,180	795,756	778,060	209,937	202,629	257,357	200,843	190,757	207,235	213,839	179,804	156,110	153,136	164,202	136,886	128,948	126,305	161,974
Equity`10/15`	185,754	177,526	172,851	162,190	161,891	160,718	171,047	147,646	131,523	141,287	139,964	149,841	130,190	123,157	125,071	109,981	102,852	102,032	100,697
Contributions`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Capital`10`	-	-	-	18,592	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issued capital`100`	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Reserves`13`	141,859	141,859	141,859	141,859	125,859	125,859	125,859	125,859	125,859	125,859	125,859	125,859	105,859	105,859	105,859	83,859	83,859	81,859	81,185
Non-distributable reserves`130/1`	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859
Reserves not available under the articles`1311`	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	140,000	140,000	140,000	140,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	124,000	104,000	104,000	104,000	82,000	82,000	80,000	79,326
Profit (loss) carried forward`14`	25,303	17,074	12,400	1,739	17,440	16,267	26,596	3,195	-12,928	-3,164	-4,487	5,390	5,739	-1,295	620	7,530	400	1,581	920
Amounts payable`17/49`	53,161	39,654	622,905	615,870	48,046	41,911	86,310	53,197	59,233	65,947	73,875	29,963	25,920	29,980	39,131	26,905	26,097	24,273	61,277
Amounts payable within one year`42/48`	53,161	39,654	622,905	615,870	48,046	41,911	39,340	47,102	42,688	44,659	40,878	29,963	20,920	27,140	33,239	22,682	26,097	20,961	43,838
Current portion of amounts payable after more than one year`42`	-	-	263,620	263,620	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade debts`44`	17,276	2,254	5,389	7,107	5,599	11,156	9,478	5,216	4,976	4,095	9,662	1,469	1,477	6,773	2,652	3,540	5,908	3,045	23,403
Suppliers`440/4`	17,276	2,254	5,389	7,107	5,599	11,156	9,478	5,216	4,976	4,095	9,662	1,469	1,477	6,773	2,652	3,540	5,908	3,045	23,403
Taxes, remuneration and social security`45`	35,886	37,400	32,974	24,220	26,308	20,136	14,982	23,038	18,864	26,315	31,216	28,494	19,442	20,367	30,587	19,142	20,189	17,916	20,435
Taxes`450/3`	9,777	8,033	4,987	1,183	2,660	-	0	1,752	-	-	-	7,500	0	-	-	-	-	672	-
Remuneration and social security`454/9`	26,108	29,367	27,987	23,037	23,648	20,136	14,982	21,285	18,864	26,315	31,216	20,994	19,442	20,367	30,587	19,142	20,189	17,244	20,435
Other amounts payable`47/48`	-	-	320,923	320,923	16,139	10,619	14,880	18,848	18,848	14,248	-	-	-	-	-	-	-	-	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	46,970	6,095	16,545	21,288	32,997	-	5,000	2,840	5,892	4,223	-	3,312	17,439
Income statement
Turnover`70`	-	-	-	203,877	-	-	-	-	201,368	224,884	207,496	243,123	223,186	282,159	318,103	305,265	290,802	279,106	296,729
Non-recurring operating income`76A`	-	-	-	-	4,571	-	-	-	200	-	-	5,000	-	-	-	-	4,081	-	1,905
Gross operating margin`9900`	225,022	211,838	192,203	143,299	104,326	105,587	150,512	174,026	143,351	159,034	143,314	178,720	157,292	242,925	289,877	276,507	256,198	244,036	263,180
Goods, raw materials, services and sundry goods`60/61`	-	-	-	60,578	-	-	-	-	58,217	65,850	64,182	64,403	65,894	39,234	28,226	28,758	34,604	35,070	33,549
Remuneration, social security and pensions`62`	204,306	193,035	180,673	138,772	107,142	110,453	140,581	157,310	152,082	156,831	148,509	154,657	149,118	238,725	273,588	268,557	258,435	237,218	256,215
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	5,250	-	-	-	19	-	-	-	-	-	-	-	-	-	-	-	-	3,003	3,003
Other operating charges`640/8`	1,976	6,216	1,448	348	348	348	-	481	513	689	1,142	912	1,020	940	844	729	961	976	988
Non-recurring operating charges`66A`	-	-	-	3,124	-	-	-	-	-	-	4,606	-	-	-	-	-	-	-	-
Operating profit (loss)`9901`	13,491	12,587	10,083	1,055	-3,183	-5,214	9,931	16,235	-9,244	1,514	-6,337	23,150	7,154	3,260	15,445	7,221	-3,197	2,840	2,974
Financial income`75/76B`	-	-	-	-	4,571	-	-	-	200	3	1	1	2	2	2	5	8	8	44
Recurring financial income`75`	-	-	-	-	-	-	-	-	200	3	1	1	2	2	2	5	8	8	44
Non-recurring financial income`76B`	-	-	-	-	4,571	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	85	264	45	192	216	141	118	112	95	193	164	106	121	460	77	96	71	181	156
Recurring financial charges`65`	85	264	45	192	216	141	118	112	95	193	164	106	121	460	77	96	71	181	156
Profit (loss) for the period before taxes`9903`	13,406	12,323	10,037	863	1,172	-5,355	9,813	16,123	-9,139	1,324	-11,105	28,045	7,034	2,802	15,370	7,130	821	2,668	4,767
Income taxes`67/77`	5,177	7,648	3,940	-	-	4,974	2,663	-	625	0	-1,228	8,395	0	4,716	280	1	1	1,333	5,548
Profit (loss) for the period`9904`	8,228	4,675	6,097	863	1,172	-10,329	7,150	16,123	-9,764	1,323	-9,877	19,651	7,034	-1,914	15,090	7,130	820	1,335	-781
Profit (loss) for the period to be appropriated`9905`	8,228	4,675	6,097	863	1,172	-10,329	7,150	16,123	-9,764	1,323	-9,877	19,651	7,034	-1,914	15,090	7,130	820	1,335	-781
Appropriation of the result
Profit (loss) to be appropriated`9906`	25,303	17,074	12,400	1,739	17,440	16,267	10,345	3,195	-12,928	-3,164	-4,487	25,390	5,739	-1,295	22,620	7,530	2,400	2,255	920
Profit (loss) brought forward from the previous period`14P`	17,074	12,400	6,303	876	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	-	-	-	-	-	-	16,251	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	20,000	-	-	22,000	-	2,000	674	-
To other reserves`6921`	-	-	-	-	-	-	-	-	-	-	-	20,000	-	-	22,000	-	2,000	674	-
Social balance sheet
Average staff (FTE)`9087`	4	4	4	4	1	3.1	2.8	-	4	4	4	4.2	4.3	4.3	5	5	5	5	5.7
Hours worked`1013`	5,140	5,248	5,184	-	1,750	3,564	-	-	5,300	5,300	5,142	5,432	7,317	7,317	8,713	8,672	8,695	8,383	9,981
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	01-07-2026	2026-00249013	PDF
31-12-2024	full format	18-06-2025	2025-00176113	PDF
31-12-2023	full format	19-07-2024	2024-00275649	PDF
31-12-2022	abbreviated format	10-08-2023	2023-00331060	PDF
31-12-2020	full format	20-09-2021	2021-67700372	PDF
31-12-2019	full format	30-09-2020	2020-58900279	PDF
31-12-2018	full format	31-08-2019	2019-63400115	PDF
31-12-2017	full format	31-08-2018	2018-58700547	PDF
31-12-2016	full format	29-08-2017	2017-57300570	PDF
31-12-2015	full format	30-08-2016	2016-56300395	PDF
31-12-2014	full format	27-08-2015	2015-53100252	PDF
31-12-2013	full format	26-08-2014	2014-48900060	PDF
31-12-2012	full format	30-08-2013	2013-55100069	PDF
31-12-2011	full format	22-08-2012	2012-44100331	PDF
31-12-2010	full format	29-08-2011	2011-48100054	PDF
31-12-2009	full format	26-08-2010	2010-44900198	PDF
31-12-2008	full format	27-08-2009	2009-66300274	PDF
31-12-2007	full format	22-08-2008	2008-59600125	PDF
31-12-2006	full format	26-07-2007	2007-48400010	PDF
31-12-2005	full format	28-09-2006	2006-80801785	PDF
31-12-2004	full format	30-08-2005	2005-65804953	PDF
31-12-2003	full format	23-09-2004	2004-66103093	PDF
31-12-2002	full format	26-09-2003	2003-69400380	PDF
31-12-2001	full format	03-09-2002	2002-52605260	PDF
31-12-2000	full format	08-08-2001	2001-49004008	PDF
31-12-1999	full format	16-08-2000	2000-51402062	PDF
31-12-1998	full format	26-08-1999	1999-42804466	PDF
31-12-1997	full format	15-07-1998	1998-33203935	PDF
31-12-1996	full format	05-08-1997	1997-36400398	PDF
31-12-1995	full format	17-07-1996	1996-34802468	PDF
31-12-1994	full format	20-07-1995	1995-41303890	PDF
31-12-1993	full format	05-09-1994	1994-38404647	PDF
31-12-1992	full format	16-11-1993	1993-42805247	PDF
31-12-1990	full format	21-02-1992	1992-02003480	PDF
31-12-1988	full format	27-11-1989	1989-26104293	PDF
31-12-1987	full format	30-08-1988	1988-19504422	PDF
31-12-1986	full format	26-05-1987	1987-07300420	PDF
31-12-1985	full format	13-06-1986	1986-15000728	PDF

Line	2025	2024	2023	2022	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	18,741	-	-	-	-3,164	-	-	-	-	-	-	-	-	-	-	-	-	5,843	5,977
Cash flow	13,478	-	-	-	1,191	-	-	-	-	-	-	-	-	-	-	-	-	4,337	2,222
Investment in fixed assets (approximation)	21,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	1,021	670
Change in cash	3,964	-1,473	2,138	-	-2,587	1,332	-12,442	11,931	2,101	-199	-1,270	-8,303	5,496	2,772	1	-3,598	4,018	1,137	-
Working capital	166,480	174,002	169,327	158,666	158,367	157,175	214,474	150,198	144,526	159,033	169,419	146,298	131,648	122,454	127,420	110,662	98,586	99,940	110,751
EBIT margin	-	-	-	0.5%	-	-	-	-	-4.6%	0.7%	-3.1%	9.5%	3.2%	1.2%	4.9%	2.4%	-1.1%	1.0%	1.0%
Solvency	77.7%	81.7%	21.7%	20.8%	77.1%	79.3%	66.5%	73.5%	68.9%	68.2%	65.5%	83.3%	83.4%	80.4%	76.2%	80.3%	79.8%	80.8%	62.2%
Current ratio	4.13	5.39	1.27	1.26	4.30	4.75	6.45	4.19	4.39	4.56	5.14	5.88	7.29	5.51	4.83	5.88	4.78	5.77	3.53
Debt to equity	0.29	0.22	3.60	3.80	0.30	0.26	0.50	0.36	0.45	0.47	0.53	0.20	0.20	0.24	0.31	0.24	0.25	0.24	0.61
ROE	4.4%	2.6%	3.5%	0.5%	0.7%	-6.4%	4.2%	10.9%	-7.4%	0.9%	-7.1%	13.1%	5.4%	-1.6%	12.1%	6.5%	0.8%	1.3%	-0.8%
ROA	3.4%	2.2%	0.8%	0.1%	0.6%	-5.1%	2.8%	8.0%	-5.1%	0.6%	-4.6%	10.9%	4.5%	-1.3%	9.2%	5.2%	0.6%	1.1%	-0.5%
Interest coverage	over 100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	480 days	-	-	-	-	276 days	259 days	282 days	165 days	195 days	151 days	170 days	136 days	143 days	113 days	144 days
Supplier credit	-	-	-	43 days	-	-	-	-	31 days	23 days	55 days	8 days	8 days	63 days	34 days	45 days	62 days	32 days	255 days

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022
Employees at the balance-sheet date	4	4	4	4
full-time	4	4	4	4
in full-time equivalents	4	4	4	4
Average over the year, in full-time equivalents	4	4	4	4
On a permanent contract	4	4	4	4
Training hours	-	2	8	-

Item	2025	2024	2023	2022
Tangible fixed assets	€21,000	-	-	-
Depreciation and write-downs of the year	€5,250	-	-	-

EDEC

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency77.7%

Current ratio4.13

Return on assets3.4%

Staff

Staff cost per FTE€51,076

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on EDEC

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