EDEL Concept
ActiveSummary
EDEL Concept has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €144k and a net result of €25k. Equity is growing by ~51.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+7
Solvency81▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.51 against 0.34 in 2024; short-term debt: 44.4% and cash: 20.8% of total assets), and 44.4% of the assets are financed with debt.
Credit check for your own amount and term
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 →
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
55.6%
Return on assets
9.5%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
18 d late
2023
7 d late
2022
20 d early
2021
29 d late
2020
25 d early
2019
41 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, micro schema
Equity
€144k▲ 20.5%
2024 · €119k
2018: €-56k
2019: €-57k▼ -1.7% vs 2018lowest in 8 years
2020: €9k▲ +116% vs 2019
2021: €48k▲ +410% vs 2020
2022: €58k▲ +20.3% vs 2021
2023: €109k▲ +88.7% vs 2022
2024: €119k▲ +9.2% vs 2023
2025: €144k▲ +20.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€259k▲ 1.7%
2024 · €255k
2018: €278k
2019: €291k▲ +4.6% vs 2018
2020: €351k▲ +20.7% vs 2019highest in 8 years
2021: €266k▼ -24.2% vs 2020
2022: €271k▲ +2.0% vs 2021
2023: €282k▲ +4.0% vs 2022
2024: €255k▼ -9.8% vs 2023lowest in 8 years
2025: €259k▲ +1.7% vs 2024
2018 → 2025
Net result
€25k▲ 144%
2024 · €10k
2018: €-17klowest in 8 years
2019: €-988▲ +94.2% vs 2018
2020: €67k▲ +6875% vs 2019highest in 8 years
2021: €39k▼ -42.1% vs 2020
2022: €10k▼ -74.8% vs 2021
2023: €51k▲ +426% vs 2022
2024: €10k▼ -80.4% vs 2023
2025: €25k▲ +144% vs 2024
2018 → 2025
Working capital
€-57k▲ 33.6%
2024 · €-86k
2018: €-198k
2019: €-232k▼ -17.1% vs 2018lowest in 8 years
2020: €-170k▲ +26.7% vs 2019
2021: €-131k▲ +22.8% vs 2020
2022: €-126k▲ +3.6% vs 2021
2023: €-84k▲ +33.8% vs 2022
2024: €-86k▼ -2.3% vs 2023
2025: €-57k▲ +33.6% vs 2024highest 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€48k-€58k▲ 20.3%€109k▲ 88.7%€119k▲ 9.2%€144k▲ 20.5%
2021: €48klowest in 5 years
2022: €58k▲ +20.3% vs 2021
2023: €109k▲ +88.7% vs 2022
2024: €119k▲ +9.2% vs 2023
2025: €144k▲ +20.5% vs 2024highest in 5 years
Operating result€54k-€19k▼ 64.3%€75k▲ 284%€19k▼ 74.9%€35k▲ 88.1%
2021: €54k
2022: €19k▼ -64.3% vs 2021
2023: €75k▲ +284% vs 2022highest in 5 years
2024: €19k▼ -74.9% vs 2023lowest in 5 years
2025: €35k▲ +88.1% vs 2024
Net result€39k-€10k▼ 74.8%€51k▲ 426%€10k▼ 80.4%€25k▲ 144%
2021: €39k
2022: €10k▼ -74.8% vs 2021lowest in 5 years
2023: €51k▲ +426% vs 2022highest in 5 years
2024: €10k▼ -80.4% vs 2023
2025: €25k▲ +144% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 88% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €259k
Fixed assets
€201k ▼ 5.0%
Current assets
€58k ▲ 34.2%
Equity and liabilities €259k
Equity
€144k ▲ 20.5%
Debt
€115k ▼ 15.0%
Debt's share of the balance-sheet total falls from 53.1% to 44.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€46k▲
2024 · €29k
Cash flow
€35k▲
2024 · €21k
Current ratio
0.51▲
2024 · 0.34
Debt to equity
0.80▼
2024 · 1.13
ROE
17.0%▲
2024 · 8.4%
ROA
9.5%▲
2024 · 3.9%
Interest coverage
40.56▲
2024 · 6.75
Debt ≤ 1 year
€115k▼
2024 · €129k
Income taxes
€10k▲
2024 · €4k
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 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€255k€259k▲
Fixed assets21/28€211k€201k▼
Tangible fixed assets22/27€211k€201k▼
Land and buildings22€211k€201k▼
Financial fixed assets28€26€26=
Current assets29/58€43k€58k▲
Amounts receivable within one year40/41€4k€2k▼
Trade receivables40€4k€2k▼
Cash at bank and in hand54/58€38k€54k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€255k€259k▲
Equity10/15€119k€144k▲
Contributions10/11€50k€50k=
Reserves13€10k€35k▲
Distributable reserves133€10k€35k▲
Profit (loss) carried forward14€59k€59k=
Amounts payable17/49€135k€115k▼
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€129k€115k▼
Current portion of amounts payable after more than one year42€19k€3k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45€27k€9k▼
Taxes450/3€27k€9k▼
Other amounts payable47/48€80k€100k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€3k€536▼
Gross operating margin9900€32k€46k▲
Operating profit (loss)9901€19k€35k▲
Financial income75/76B€39€0▼
Recurring financial income75€39€0▼
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€14k€34k▲
Income taxes67/77€4k€10k▲
Profit (loss) for the period9904€10k€25k▲
Profit (loss) for the period to be appropriated9905€10k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€84k▲
Profit (loss) brought forward from the previous period14P€59k€59k=
Transfer to equity691/2€10k€25k▲
To other reserves6921€10k€25k▲
The notes to these accounts (5 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 | €21k | €18k | €15k | €10k | €10k | ▲ 0.1% |
| Other operating charges640/8 | €968 | €3k | €1k | €3k | €536 | ▼ 80.6% |
| Gross operating margin9900 | €76k | €41k | €90k | €32k | €46k | ▲ 44.6% |
| Operating profit (loss)9901 | €54k | €19k | €75k | €19k | €35k | ▲ 88.1% |
| Financial income75/76B | - | €10 | €0 | €39 | €0 | ▼ 100.0% |
| Recurring financial income75 | - | €10 | €0 | €39 | €0 | ▼ 100.0% |
| Financial charges65/66B | €6k | €5k | €3k | €4k | €1k | ▼ 73.9% |
| Recurring financial charges65 | €6k | €5k | €3k | €4k | €1k | ▼ 73.9% |
| Profit (loss) for the period before taxes9903 | €49k | €14k | €71k | €14k | €34k | ▲ 136% |
| Income taxes67/77 | €10k | €5k | €20k | €4k | €10k | ▲ 118% |
| Profit (loss) for the period9904 | €39k | €10k | €51k | €10k | €25k | ▲ 144% |
| Profit (loss) for the period to be appropriated9905 | €39k | €10k | €51k | €10k | €25k | ▲ 144% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €266k | €271k | €282k | €255k | €259k | ▲ 1.7% |
| Fixed assets21/28 | €253k | €236k | €222k | €211k | €201k | ▼ 5.0% |
| Tangible fixed assets22/27 | €253k | €236k | €222k | €211k | €201k | ▼ 5.0% |
| Land and buildings22 | €241k | €232k | €222k | €211k | €201k | ▼ 5.0% |
| Furniture and vehicles24 | €12k | €4k | - | - | - | - |
| Financial fixed assets28 | €26 | €26 | €26 | €26 | €26 | = |
| Current assets29/58 | €13k | €35k | €60k | €43k | €58k | ▲ 34.2% |
| Amounts receivable within one year40/41 | €9k | €10k | €15k | €4k | €2k | ▼ 41.0% |
| Trade receivables40 | €4k | €5k | €5k | €4k | €2k | ▼ 41.0% |
| Other amounts receivable41 | €5k | €5k | €10k | - | - | - |
| Cash at bank and in hand54/58 | €4k | €23k | €44k | €38k | €54k | ▲ 43.1% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €2k | ▲ 6.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €266k | €271k | €282k | €255k | €259k | ▲ 1.7% |
| Equity10/15 | €48k | €58k | €109k | €119k | €144k | ▲ 20.5% |
| Contributions10/11 | €50k | €50k | €50k | €50k | €50k | = |
| Reserves13 | - | - | - | €10k | €35k | ▲ 244% |
| Distributable reserves133 | - | - | - | €10k | €35k | ▲ 244% |
| Profit (loss) carried forward14 | €-2k | €8k | €59k | €59k | €59k | = |
| Amounts payable17/49 | €218k | €213k | €173k | €135k | €115k | ▼ 15.0% |
| Amounts payable after more than one year17 | €73k | €52k | €29k | €6k | - | - |
| Financial debts170/4 | €73k | €52k | €29k | €6k | - | - |
| Amounts payable within one year42/48 | €144k | €161k | €144k | €129k | €115k | ▼ 10.8% |
| Current portion of amounts payable after more than one year42 | €21k | €21k | €22k | €19k | €3k | ▼ 86.5% |
| Financial debts43 | €7k | - | - | - | - | - |
| Credit institutions430/8 | €7k | - | - | - | - | - |
| Trade debts44 | €3k | €6k | €6k | €4k | €2k | ▼ 32.1% |
| Suppliers440/4 | €3k | €6k | €6k | €4k | €2k | ▼ 32.1% |
| Taxes, remuneration and social security45 | €6k | €18k | €45k | €27k | €9k | ▼ 64.7% |
| Taxes450/3 | €6k | €18k | €39k | €27k | €9k | ▼ 64.7% |
| Remuneration and social security454/9 | - | - | €6k | - | - | - |
| Other amounts payable47/48 | €107k | €116k | €71k | €80k | €100k | ▲ 26.1% |
| Accrued charges and deferred income492/3 | €794 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €10k | €51k | €10k | €25k | ▲ 144% |
| + Depreciation and write-downs630 | €21k | €18k | €15k | €10k | €10k | ▲ 0.1% |
| Operating cash flow (approximation) | €59k | €28k | €66k | €21k | €35k | ▲ 70.6% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €0 | - |
| Change in cash | - | €19k | €20k | €-6k | €16k | ▲ 379% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
31-12
Financial
Equity above €100kEq €109k ▲88.7%
4 profitable years in a row build equity to €109k.
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €67k
Net result €67k after 2 loss-making years.
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Liège · 1 establishment unit since 2008
Ground area
45 m²
Building footprint
21 m²
Volume, LiDAR
222 m³
Parcel 62063A0144/00A000, Wallonia · tallest building 14.1 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Rue Saint-Gangulphe 29, 4000 Liège
since 20082.175.569.250
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62063A0144/00A000 | Wallonia | 45 m² | 1 · 21 m² | 14.1 m · 4 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 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,862 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
Founded26-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.