EDEL CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of EDEL CONSTRUCT is 2.1% (moderate). For EDEL CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €17k and a net result of €-7k. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 19% of 9008 sector peers (fiscal year 2023). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability27▼-13
Solvency35▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
9.9%
Return on assets
-4%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 12-09-2024, 43 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
43 d late
2022
57 d late
2021
31 d late
2020
40 d late
2019
189 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€17k▼ 28.8%
2022 · €24k
2019: €4k
2020: €12k
2021: €22k
2022: €24k
2019 → 2023
Total assets
€172k▲ 3.6%
2022 · €166k
2019: €4k
2020: €34k
2021: €94k
2022: €166k
2019 → 2023
Net result
€-7k
2022 · €2k
2019: €-2k
2020: €8k
2021: €11k
2022: €2k
2019 → 2023
Working capital
€17k▼ 28.8%
2022 · €24k
2020: €12k
2021: €22k
2022: €24k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€4k-€12k▲ 231%€22k▲ 90.5%€24k▲ 7.8%€17k▼ 28.8%
Operating result€-2k-€9k€15k▲ 60.6%€6k▼ 62.7%€-3k
Net result€-2k-€8k€11k▲ 29.7%€2k▼ 83.7%€-7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €3k after €6k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €172k
Equity
€17k ▼ 28.8%
Debt
€155k ▲ 9.1%
Debt's share of the balance-sheet total rises from 85.6% to 90.1%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.11▼
2022 · 1.17
Quick ratio
0.37▼
2022 · 0.39
Debt to equity
9.10▲
2022 · 5.94
ROE
-40.4%▼
2022 · 7.2%
ROA
-4.0%▼
2022 · 1.0%
Debt ≤ 1 year
€155k▲
2022 · €142k
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 · 2023 against 2022 · 36 lines
Balance sheet
Code20222023
Assets
Total assets20/58€166k€172k▲
Current assets29/58€166k€172k▲
Stocks and contracts in progress3€110k€115k▲
Contracts in progress37€110k€115k▲
Amounts receivable within one year40/41€44k€56k▲
Other amounts receivable41€44k€56k▲
Cash at bank and in hand54/58€11k€72▼
Equity and liabilities
Total equity and liabilities10/49€166k€172k▲
Equity10/15€24k€17k▼
Contributions10/11€6k€6k=
Outside capital11€6k€6k=
Other1109/19€6k€6k=
Profit (loss) carried forward14€18k€11k▼
Amounts payable17/49€142k€155k▲
Amounts payable within one year42/48€142k€155k▲
Financial debts43€24k-
Other loans439€24k-
Trade debts44€78k€108k▲
Suppliers440/4€78k€88k▲
Bills of exchange payable441-€20k
Advances received on contracts in progress46€17k€17k=
Taxes, remuneration and social security45€13k€9k▼
Taxes450/3€13k€9k▼
Other amounts payable47/48€9k€21k▲
Income statement
Code20222023
Non-recurring operating income76A-€1k
Other operating charges640/8€1k€1k▲
Gross operating margin9900€7k€-2k▼
Operating profit (loss)9901€6k€-3k▼
Financial charges65/66B€969€3k▲
Recurring financial charges65€969€3k▲
Profit (loss) for the period before taxes9903€5k€-7k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€2k€-7k▼
Profit (loss) for the period to be appropriated9905€2k€-7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€11k▼
Profit (loss) brought forward from the previous period14P€16k€18k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 43 days late
2023
31-12
Financial
Weakest financial yearnet €-7k ▼500%
Net result drops to €-7k, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2019net €11k ▲29.7%
Operating result €15k, net result €11k, both a record.
09-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 40 days late
05-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 189 days late
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Saint-Ghislain · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Louis Caty(B) 257331 Saint-GhislainGround area
490 m²
Building footprint
167 m²
Volume, LiDAR
1,014 m³
Parcel 53009B0061/00H013, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Edel Construct
since 20172.272.758.597
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53009B0061/00H013 | Wallonia | 490 m² | 1 · 166 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CEZAR CONSTRUCT
BE 0744.456.489
Sint-Pieters-Leeuw · Eq €17,006
Oromex
BE 0472.335.560
Hasselt · Eq €17,019
ROBUILD
BE 0632.666.266
Ranst · Eq €16,995
AXIVEL
BE 0665.765.933
Fosses-la-Ville · Eq €17,021
FIDANOV CONSTRUCT
BE 0788.314.545
Leuven · Eq €16,989
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,082 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-10-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.