Active BE 0739.863.045Private limited company

EDGARO

Mullemstraat 6 ·9700 Oudenaarde, Belgium· 6 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

EDGARO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €304k and a net result of €4k. Equity is growing by ~85.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 5424 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€304k
Net result	€4k
Better than sector	78%
Active	6 yrs

Financial profile 4 of 5 axes measured · computed by Checked

64 / 100

Strong profile, led by solvency.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 6

Solvency 100

Growth 52

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2019, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview6 NBB filings

Annual accounts filed on 06-01-2026 with the NBB · fiscal year 2025 · abbreviated schema

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~85.3%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	82.7%	51.8%	better than 78% of 5424 sector peers
Net result	€4k	€53k	better than 23% of 5425 sector peers
Equity	€304k	€622k	better than 35% of 5425 sector peers
Gross operating margin	€9k	€87k	better than 19% of 5421 sector peers
Total assets	€368k	€1.54M	better than 16% of 5425 sector peers

Net profit

€4k

-98.3% 21-25

Total assets

€368k

-3.9% 21-25

Equity

€304k

+1.2% 21-25

Income taxes

€1k

-58.6% 21-25

Debt

€64k

-22.7% 21-25

Debt ≤ 1y

€33k

-5.1% 21-25

Debt > 1y

€30k

-36.0% 21-25

Solvency

82.7%

+5.4% 21-25

ROE

1.2%

-98.3% 21-25

ROA

1.0%

-98.2% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€4k	€212k	€17k	€56k	€7k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	-	-	-
Income taxes	€1k	€3k	€5k	€14k	€2k
Dividends	-	-	-	-	-
Total assets	€368k	€382k	€306k	€329k	€286k
Equity	€304k	€300k	€88k	€71k	€15k
Debt	€64k	€82k	€218k	€258k	€271k
of which ≤ 1y	€33k	€35k	€153k	€175k	€170k
of which > 1y	€30k	€47k	€65k	€83k	€101k
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	82.7%	78.5%	28.8%	21.6%	5.3%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	1.0%	55.5%	5.5%	17.0%	2.5%
ROE	1.2%	70.7%	19.2%	78.8%	48.1%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €268k · 73.0% Current assets €99k · 27.0%

Equity & liabilities

Equity €304k · 82.7% Debt €64k · 17.3%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€368k	€382k	€306k	€329k	€286k
Fixed assets	21/28	€268k	€258k	€257k	€257k	€257k
Tangible fixed assets	22/27	€11k	€776	-	-	-
Financial fixed assets	28	€257k	€257k	€257k	€257k	€257k
Current assets	29/58	€99k	€124k	€48k	€71k	€28k
Amounts receivable within one year	40/41	€14k	€18k	€11k	€13k	€11k
Cash & bank	54/58	€83k	€104k	€37k	€56k	€17k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€368k	€382k	€306k	€329k	€286k
Equity	10/15	€304k	€300k	€88k	€71k	€15k
Contributions / capital	10/11	€5k	€5k	€5k	€5k	-
Reserves	13	€299k	€295k	€83k	€66k	€10k
Amounts payable	17/49	€64k	€82k	€218k	€258k	€271k
Amounts payable after one year	17	€30k	€47k	€65k	€83k	€101k
Amounts payable within one year	42/48	€33k	€35k	€153k	€175k	€170k
Trade debts payable within one year	44	€13k	€5k	€3k	€3k	€9k
Income statement
Turnover	70	-	€114k	-	-	-
Gross operating margin	9900	€9k	€18k	€24k	€73k	€12k
Operating result	9901	€6k	€17k	€23k	€72k	€12k
Financial income	75	€0	€200k	-	-	-
Financial charges	65	€784	€1k	€2k	€2k	€2k
Result before taxes	9903	€5k	€216k	€21k	€70k	€9k
Income taxes	67/77	€1k	€3k	€5k	€14k	€2k
Net result for the period	9904	€4k	€212k	€17k	€56k	€7k
Result to be appropriated	9905	€4k	€212k	€17k	€56k	€7k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	20-12-2019
Status	Active
Postal code	9700

Establishment units 1 location

EDGARO

Mullemstraat 6, 9700 OudenaardeReal estate activities

since 20192.302.300.146

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45026A0224/00A000	Flanders	1,234 m²	1 · 185 m²	6.8 m · 1 fl.

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.

Updates 6 events

All 10Financial 4Filings 6

Next filing, fiscal year 2026, expected by 31-01-2027

2026

06-01

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

30-06

Financial Weakest financial yearnet €4k ▼98.3%

Net result drops to €4k, the lowest in the series.

31-01

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

30-06

Financial Highest result since 2021net €212k ▲1161%

Net result €212k, the highest in the series.

30-06

Financial Liquidity times 11current ratio 3.55

Current ratio from 0.32 to 3.55; short-term debt falls from €153k to €35k.

30-06

Financial Equity above €200kEq €300k ▲242%

4 profitable years in a row build equity to €300k.

11-01

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

09-01

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

03-01

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

28-01

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

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.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies64210

Names & trade names

Legal nameNL

EDGARO

Similar companies Comparable size · 19,555 of 24,645 companies in this sector with filed accounts

JUFO BE 0699.501.939 · Rotselaar

MONKEY PROJECTS BE 0822.624.831 · Roeselare

ALISITA BE 0816.732.476 · Zonnebeke

Ersalys BE 0676.904.008 · Oud-Heverlee

DB verzekeringen BE 0777.705.814 · Bonheiden