EDGEWORKS

Active Private limited companyfounded 1988active for 38 yearsHaïfastraat 1, 2030 AntwerpKBO/BCE: BE 0435.521.783 subsidiary of SINSA HOLDING BV

EDGEWORKS

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Overview

Lifetime

18 annual accounts with figures on one time axis, 35 filings since 1989

Compare with

peak €338,399 (2025)

€338,399▲ 377%

lowest -€5,213 (2022)

€314,108▲ 94.4%

peak €3.1m (2025)

€3.1m▲ 5.9%

€656,886▼ 15.2%

Board4 names since 2019

2 directorsETM Management bvba and 1 other

Owners

Documentsfilings and deeds

03-07-202628 days before the deadline

2025abbreviated format

Gross margin from €70,875 to €338,399Result from €161,571 to €314,108Debts from €774,324 to €656,886Cash from €45,266 to €205,221

Key points

from the 2025 annual accounts

Result

€314,108 ▲ 94.4%

The result rose in 2025 from €161,571 to €314,108.

Filings

35 annual accounts since 1989

The last five annual accounts were filed 28 to 37 days before the end of the period.

Position in the sector

€3.1m

More equity than 94% of companies in wholesale trade. Sector median €361,107 · 9,898 companies.

Checked score

Excellent

Financially stronger than 64% of small companies in wholesale trade (NACE 46)

Probability in this band: under 0.55%

Bankruptcy probability within 12 months < 0.1% Very low

0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 4,374 companies (NACE 46, small).

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: 0.1%▲ +0.1 percentage points vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: 0.1%▲ +0.1 percentage points vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026highest value 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength

Strong

100=equity 82.5% of total assets

52+6short-term debt 17.3% · cash 5.5%

56+22return on assets 8.3%

Score breakdown

lowers risk

Size: total assets €3.8m

Founded in 1988

Figures for financial year 2025 (filed on 03-07-2026)

Equity €3.1m (82.5% of total assets)

Calculation

The band follows from the bankruptcy probability. 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 46, small). It does better than 92% of them on solvency, 68% on liquidity, 39% on profitability and 57% on growth.

The bankruptcy probability was computed on 09-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit verdict

Credit of up to €290,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.36 (0.08 in 2024), below 1. Short-term debt is 17.3% and cash 5.5% of total assets. 17.5% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk

Five signals.

lowers riskneutral

Size: total assets €3.8m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Founded in 1988

Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.

KBO

Figures for financial year 2025 (filed on 03-07-2026)

NBB · annual accounts

Equity €3.1m (82.5% of total assets)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

28 days early

2024

34 days early

2023

33 days early

2022

28 days early

2021

37 days early

2020

33 days early

2019

66 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 37 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

10-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

ETM Management bvba

Director, VAN LOENEN Eric

LTV Management

Director, VAN LOENEN Peter

SINSA HOLDING BV consolidatesannual accounts 30-06-2007

Shares in 2 companies, ANTONSEN and DL

Board & ownership

Recent changes

21-10-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0435521783

24-12-2019

4 managers resigning, 2 directors reappointed Capital from €19,000 to €86,023.18, 2,646 new shares · Capital from €86,023.18 to €1,434,000 · Resignations: VAN LOENEN Peter, VAN LOENEN Eric, ETM Management and LTV Management · General meeting of 19-12-2019 · Gazette deed

10-05-2019

2 managers appointed ETM Management bvba (director and manager) and LTV Management (director and manager) · Permanent representatives: Eric van Loenen and Peter van Loenen · General meeting of 01-04-2019 · Gazette deed

10-11-1988

First establishment Haïfastraat 1, Antwerp

All 50 events

Comparable companies

same main activity, similar in size and age

Company
EDGEWORKS Antwerp	€3.8m	€338,399	82.5%	-
V.D.S. & Co Oostkamp	€3.5m	€346,395	71.2%	-
SNOWFORCE Duffel	€3.6m	€232,616	38.9%	2.1
PRIME TIME Evere	€3.4m	€236,497	25.3%	-
KAJONI Veurne	€4.0m	€209,297	41.3%	0.1
CARHU - INVEST Rotselaar	€5.1m	€227,845	88.1%	0
ROOSEN AGENTUREN Bocholt	€2.8m	€441,299	98.6%	1.8

These companies have the same main activity as EDGEWORKS: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €2.8m and €5.1m, founded between 1986 and 1998.

Official details

Source: KBO

Status: Active since 14-10-1988Normal situation
Activity: Agents in non-specialised wholesale tradeNACE 46190and 1 other
Establishment unit: 2.040.817.8402030 Antwerp, since 10-11-1988
Financial year end: 31 December
Peppol: Reachable since 21-10-2026

Company details

Annual accounts 2025

: €338,399▲ 377%
: ≈ €1.7mestimated
: €314,108▲ 94.4%
: €3.1m▲ 5.9%
: €3.8m▲ 1.5%
Filing: Filed on 03-07-2026, 28 days before the end of the filing period

Financials

Insights on EDGEWORKS

EDGEWORKS files the abbreviated format. That format states no turnover. The gross margin rose from -€1,460 in 2007 to €338,399 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 03-07-2026, 28 days before the deadline

€338,399

▲ 377%

€308,708

▲ 11×

€314,108

▲ 94.4%

-€419,676

▲ €194,192

82.5%

▲ 3.4 percentage points

0.36

▲ 0.27

Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.7m. Estimated: probably between €1.1m and €2.9m.

Balance sheet

balance sheet total €3.8m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

82.5%

Higher than 86% of 9,902 companies in 2025.

0.36

Higher than 6% of 9,665 companies in 2025.

8.3%

Higher than 70% of 9,780 companies in 2025.

EDGEWORKS Middle half of the sector 80% of the sector Abbreviated accounts in wholesale trade (NACE 46)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2007
Balance sheet: assets
`20/58`	3.8m	3.7m	3.8m	3.9m	3.0m	3.0m	1.5m	1.4m	1.4m	1.5m	1.3m	1.2m	1.2m	1.2m	1.1m	287,212	38,673	803
`21/28`	3.5m	3.7m	3.7m	3.7m	2.7m	2.7m	1.3m	1.4m	1.4m	1.5m	1.2m	1.2m	1.2m	1.1m	1.1m	253,534	-	-
`22/27`	542,968	852,253	892,213	928,958	968,606	1.0m	1.0m	1.1m	1.1m	1.2m	1.2m	1.2m	1.2m	1.1m	1.1m	253,534	-	-
`22`	542,968	852,253	892,213	928,958	968,606	1.0m	1.0m	1.1m	1.1m	1.2m	1.2m	1.2m	1.2m	1.1m	1.1m	241,292	-	-
`24`	-	-	-	-	-	-	-	-	-	-	-	-	3,060	6,121	9,181	12,242	-	-
`28`	3.0m	2.8m	2.8m	2.8m	1.7m	1.7m	285,595	285,595	285,595	302,233	-	-	-	-	-	-	-	-
`29/58`	232,720	56,765	86,457	154,046	331,721	285,533	152,325	29,025	26,499	39,603	43,670	32,315	46,833	29,963	16,532	33,678	38,673	803
`40/41`	27,499	8,254	4,194	8,226	25,852	27,467	17,013	14,021	8,349	1,271	19,185	3,228	7,716	4,949	-	18,634	2,559	-
`40`	1,619	2,226	-	2,226	-	2,226	17,013	13,371	8,349	1,271	8,821	-	52	-	-	18,634	2,559	-
`41`	25,880	6,027	4,194	6,000	25,852	25,241	-	651	-	-	10,364	3,228	7,665	4,949	-	-	-	-
`54/58`	205,221	45,266	78,465	142,788	303,131	255,506	135,162	14,854	17,820	38,033	24,485	29,087	38,562	25,015	16,532	15,044	34,964	803
`490/1`	-	3,245	3,798	3,032	2,737	2,559	150	149	331	300	-	-	555	-	-	-	1,150	-
Balance sheet: equity and liabilities
`10/49`	3.8m	3.7m	3.8m	3.9m	3.0m	3.0m	1.5m	1.4m	1.4m	1.5m	1.3m	1.2m	1.2m	1.2m	1.1m	287,212	38,673	803
`10/15`	3.1m	2.9m	2.8m	2.5m	2.5m	2.3m	387,816	347,510	303,209	256,394	249,937	213,896	177,455	159,463	90,805	42,166	9,334	-242,606
`10/11`	1.4m	1.4m	1.4m	1.4m	1.4m	1.4m	6,608	6,608	6,608	6,608	6,608	6,608	6,608	6,608	6,608	6,608	6,608	6,200
`100`	-	-	-	-	-	-	19,000	19,000	19,000	19,000	19,000	19,000	19,000	19,000	19,000	19,000	19,000	18,592
`101`	-	-	-	-	-	-	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392	12,392
`11`	-	-	-	-	1.4m	1.4m	-	-	-	-	-	-	-	-	-	-	-	-
`1109/19`	-	-	-	-	1.4m	1.4m	-	-	-	-	-	-	-	-	-	-	-	-
`13`	1.5m	1.3m	1.2m	905,132	905,132	698,861	206,900	206,900	206,900	206,900	206,900	206,900	169,900	151,900	83,900	34,900	1,900	1,859
`130/1`	1,900	1,900	1,900	1,900	1,900	1,900	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,859
`1311`	1,900	1,900	1,900	1,900	1,900	1,900	-	-	-	-	-	-	-	-	-	-	-	-
`133`	1.5m	1.3m	1.2m	903,232	903,232	696,961	205,000	205,000	205,000	205,000	205,000	205,000	168,000	150,000	82,000	33,000	-	-
`14`	169,095	169,095	169,095	169,095	174,308	174,308	174,308	134,002	89,701	42,886	36,429	388	947	955	297	658	826	-250,665
`17/49`	656,886	774,324	1.0m	1.4m	499,876	699,607	1.1m	1.1m	1.1m	1.3m	1.0m	1.0m	1.0m	997,409	994,061	245,045	29,339	243,409
`17`	3,690	103,690	141,173	350,178	425,382	555,058	981,874	966,963	1.0m	1.2m	911,118	972,407	942,047	883,675	856,970	175,949	-	-
`170/4`	-	-	38,033	117,038	193,682	323,358	500,174	586,263	685,173	789,219	656,118	522,407	562,047	600,103	636,640	140,949	-	-
`178/9`	3,690	103,690	103,140	233,140	231,700	231,700	481,700	380,700	355,000	390,000	255,000	450,000	380,000	283,572	220,331	35,000	-	-
`42/48`	652,396	670,634	863,604	1.0m	74,493	144,050	114,749	86,951	94,134	69,859	83,860	57,183	85,467	97,140	133,491	46,771	13,214	243,409
`42`	-	38,033	79,005	76,644	74,379	85,453	86,179	84,355	84,065	62,144	63,302	39,640	38,056	48,295	45,509	7,281	-	-
`44`	1,481	5,015	188	1,746	21	4,316	14,907	25	71	471	18,997	14,029	39,183	27,868	47,752	3,866	1,550	-
`440/4`	1,481	5,015	188	1,746	21	4,316	14,907	25	71	471	18,997	14,029	39,183	27,868	47,752	3,866	1,550	-
`45`	40,408	242	232	16,033	94	281	13,663	2,571	9,998	7,244	1,560	3,515	8,228	20,976	35,578	30,973	11,664	374
`450/3`	40,408	242	232	16,033	94	281	13,663	2,571	9,998	7,244	1,560	3,515	8,228	20,976	35,578	30,973	7,824	374
`454/9`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,840	-
`47/48`	610,508	627,344	784,180	941,016	-	54,000	-	-	-	-	-	-	-	-	4,652	4,652	-	243,035
`492/3`	800	-	770	-	-	500	1,385	750	1,780	3,215	5,255	4,725	21,671	16,595	3,600	22,325	16,125	-
Income statement
`76A`	-	-	-	-	-	-	-	-	-	6,281	-	-	-	4,652	-	-	-	-
`9900`	338,399	70,875	65,240	66,151	67,082	140,658	120,815	132,839	139,403	81,454	129,556	136,894	113,757	170,894	144,780	64,291	7,143	-1,460
`62`	-	-	-	-	-	-	-	-	-	-	154	-	-	-	-	-	-	-
`630`	26,802	39,960	39,904	39,649	39,649	39,649	39,649	39,649	39,649	39,649	39,649	42,324	39,449	36,679	40,922	11,559	-	-
`640/8`	2,889	3,440	3,301	3,015	2,944	5,996	2,665	2,611	2,674	2,572	2,771	2,382	2,399	3,440	1,407	819	304	1,250
`66A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	404	-	-	-
`9901`	308,708	27,475	22,035	23,487	24,489	95,013	78,501	90,579	97,081	39,233	86,983	92,188	71,909	130,775	102,451	51,913	6,840	-2,710
`75/76B`	118,760	190,091	265,127	-	200,000	500,000	0	1	10	15	89	541	999	772	553	776	222	11
`75`	118,760	190,091	265,127	-	200,000	500,000	0	1	10	15	89	541	999	772	553	776	222	11
`65/66B`	103,130	55,995	9,582	28,691	16,119	40,817	26,878	27,930	30,869	36,921	39,818	44,447	41,172	38,163	34,304	5,704	18	56
`65`	103,130	55,995	9,582	28,691	16,119	40,817	26,878	27,930	30,869	36,921	39,818	44,447	41,172	38,163	34,304	5,704	18	56
`9903`	324,338	161,571	277,580	-5,204	208,370	554,196	51,623	62,650	66,221	8,607	47,253	48,282	31,736	98,036	68,296	46,985	7,045	-2,756
`67/77`	10,230	-	1,844	9	2,099	8,236	11,317	18,350	19,406	2,150	11,212	11,841	13,744	29,379	19,657	14,153	1,903	1
`9904`	314,108	161,571	275,736	-5,213	206,271	545,961	40,306	44,300	46,815	6,457	36,041	36,441	17,992	68,658	48,639	32,832	5,142	-2,757
`9905`	314,108	161,571	275,736	-5,213	206,271	545,961	40,306	44,300	46,815	6,457	36,041	36,441	17,992	68,658	48,639	32,832	5,142	-2,757
Appropriation of the result
`9906`	483,203	330,666	444,830	169,095	380,579	720,268	174,308	134,002	89,701	42,886	36,429	37,388	18,947	68,955	49,297	33,658	-245,523	-250,665
`14P`	169,095	169,095	169,095	174,308	174,308	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	246,391	-
`691/2`	174,108	161,571	275,736	-	206,271	491,961	-	-	-	-	-	37,000	18,000	68,000	49,000	33,000	41	-
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	-
`6921`	174,108	161,571	275,736	-	206,271	491,961	-	-	-	-	-	37,000	18,000	68,000	49,000	33,000	-	-
`694/7`	140,000	-	-	-	-	54,000	-	-	-	-	-	-	-	-	-	-	-	-
`694`	-	-	-	-	-	54,000	-	-	-	-	-	-	-	-	-	-	-	-
`695`	140,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 17 older financial years (1989-2006) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 03-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	03-07-2026	2026-00257684	PDF
31-12-2024	abbreviated format	27-06-2025	2025-00190289	PDF
31-12-2023	abbreviated format	28-06-2024	2024-00191180	PDF
31-12-2022	abbreviated format	03-07-2023	2023-00199839	PDF
31-12-2021	abbreviated format	24-06-2022	2022-20097357	PDF
31-12-2020	abbreviated format	28-06-2021	2021-25500390	PDF
31-03-2019	abbreviated format	26-08-2019	2019-51100280	PDF
31-03-2018	abbreviated format	23-08-2018	2018-49100535	PDF
31-03-2017	abbreviated format	30-08-2017	2017-55400314	PDF
31-03-2016	abbreviated format	22-08-2016	2016-45200493	PDF
31-03-2015	abbreviated format	27-08-2015	2015-51200562	PDF
31-03-2014	abbreviated format	13-08-2014	2014-42500194	PDF
31-03-2013	abbreviated format	24-09-2013	2013-59300009	PDF
31-03-2012	abbreviated format	30-10-2012	2012-62700207	PDF
31-03-2011	abbreviated format	27-09-2011	2011-55600126	PDF
31-03-2010	abbreviated format	29-10-2010	2010-59500162	PDF
31-03-2009	abbreviated format	29-10-2009	2009-83500081	PDF
30-06-2007	abbreviated format	15-02-2008	2008-04900247	PDF
30-06-2006	abbreviated format	28-02-2007	2007-06400371	PDF
30-06-2005	abbreviated format	13-01-2006	2006-01201143	PDF
30-06-2004	abbreviated format	22-12-2004	2004-86705076	PDF
30-06-2003	abbreviated format	17-12-2003	2003-84001049	PDF
30-06-2002	abbreviated format	23-01-2003	2003-02205226	PDF
30-06-2001	abbreviated format	14-02-2002	2002-04201940	PDF
30-06-2000	abbreviated format	26-01-2001	2001-02602051	PDF
30-06-1999	abbreviated format	31-01-2000	2000-02504721	PDF
30-06-1998	abbreviated format	17-12-1998	1998-62103474	PDF
30-06-1997	abbreviated format	24-12-1997	1997-58104804	PDF
30-06-1996	abbreviated format	03-02-1997	1997-01505336	PDF
30-06-1995	abbreviated format	31-01-1996	1996-01801532	PDF
30-06-1994	abbreviated format	16-11-1995	1995-57202247	PDF
30-06-1993	abbreviated format	12-07-1994	1994-29002950	PDF
30-06-1992	full format	12-07-1994	1994-29002963	PDF
30-06-1991	abbreviated format	24-04-1992	1992-04504894	PDF
31-12-1989	abbreviated format	08-01-1991	1991-00304555	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2007
335,510	67,435	61,939	63,136	64,138	134,662	118,149	130,227	136,730	78,881	126,631	134,512	111,358	167,454	143,373	63,472	-	-
340,910	201,531	315,640	34,436	245,920	585,609	79,955	83,949	86,464	46,106	75,690	78,765	57,441	105,337	89,561	44,391	-	-
190,000	0	3,159	1.1m	0	1.4m	0	0	-16,638	302,233	30,252	78,413	92,347	95,254	855,722	265,093	-	-
159,954	-33,199	-64,323	-160,344	47,625	120,345	120,307	-2,965	-20,213	13,547	-4,602	-9,474	13,547	8,483	1,488	-19,920	-	-
-419,676	-613,869	-777,147	-881,393	257,228	141,483	37,575	-57,926	-67,635	-30,256	-40,190	-24,868	-38,634	-67,176	-116,958	-13,094	25,459	-242,606
82.5%	79.1%	73.4%	64.3%	83.3%	76.6%	26.1%	24.8%	21.1%	17.0%	20.0%	17.1%	14.5%	13.8%	8.4%	14.7%	24.1%	-
0.36	0.08	0.10	0.15	4.45	1.98	1.33	0.33	0.28	0.57	0.52	0.57	0.55	0.31	0.12	0.72	2.93	-
0.21	0.26	0.36	0.56	0.20	0.30	2.83	3.03	3.75	4.88	4.00	4.84	5.91	6.25	10.95	5.81	3.14	-
10.1%	5.5%	9.9%	-0.2%	8.2%	23.8%	10.4%	12.7%	15.4%	2.5%	14.4%	17.0%	10.1%	43.1%	53.6%	77.9%	55.1%	-
8.3%	4.4%	7.3%	-0.1%	6.9%	18.2%	2.7%	3.2%	3.3%	0.4%	2.9%	2.9%	1.5%	5.9%	4.5%	11.4%	13.3%	-
3.25	1.20	6.46	2.20	3.98	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€3,159	-	-
Financial fixed assets	€190,000	-	-	€1.1m	-
	€26,802	€39,960	€39,904	€39,649	€39,649

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on EDGEWORKS

The operating result for 2025 is over 11 times that of 2024 and the highest since 2007. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total falls from 20.9% to 17.5%. Equity is higher and debt is lower.

Large changes and their cause

2021 Net result -62% on 2020. The previous financial year ran 21 months, this one 12.

Board & ownership

Board

2 directors, last change in 2019

ETM Management bvba

Director (not named in the articles), permanent representative VAN LOENEN Eric

appointed by deed of 10-05-2019 term without a fixed end

earlier manager, until 24-12-2019

listed in the 2025 annual accounts, filed on 03-07-2026

LTV Management BVBA

Director (not named in the articles), permanent representative VAN LOENEN Peter

appointed by deed of 10-05-2019 term without a fixed end

earlier manager, until 24-12-2019

listed in the 2025 annual accounts, filed on 03-07-2026

Signing authority: Each director alone
deed of 24-12-2019

Permanent representatives 2

VAN LOENEN Eric

Permanent representative, for ETM Management bvba

appointed by deed of 10-05-2019

VAN LOENEN Peter

Permanent representative, for LTV Management

appointed by deed of 10-05-2019

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today

ETM Management bvba
Director (not named in the articles)

LTV Management
Director (not named in the articles)

VAN LOENEN Eric
Manager

VAN LOENEN Peter
Manager

BoardEarliermandate already running before its first mention

Mandates as a list

ETM Management bvba
- Director and manager, appointed by deed of 10-05-2019, until 24-12-2019
- Director (not named in the articles), since before 24-12-2019
LTV Management
- Director and manager, appointed by deed of 10-05-2019, until 24-12-2019
- Director (not named in the articles), since before 24-12-2019
VAN LOENEN Eric
- Manager, until 24-12-2019
VAN LOENEN Peter
- Manager, until 24-12-2019

See the board, name and registered office on a given date →

Control

Consolidating parent

SINSA HOLDING BV NL

Source: parent in own accounts 30-06-2007

consolidates

This company

EDGEWORKS

Equity €3.1m

Profit €314,108 in 2025

Capital

Contribution: €1,421,607.99
Source: 2025 annual accounts

Articles of association

deed of 24-12-2019 (in Dutch)

Annual meeting: Second Friday of June at 18:00

Capital transactions

Capital over time

24-12-2019 Capital increase of €67,023.18 · to €86,023.18 · 2,646 new shares · in kind
24-12-2019 Capital increase of €1,347,976.82 · to €1,434,000 · from reserves
24-12-2019 Converted to unavailable equity · €1,423,507.99

Network & group

Holdings

own 2025 accounts, the bar shows equity in euros

This companyEDGEWORKS2 holdings, 1 country 2025 accounts

Belgium 2 Equity Result

BE Antonsen €612,687 result €50,073
BE DL €333,174 result €11,010

Source: list of holdings in its own 2025 accounts. Every holding stands with its own latest accounts.

Parent

SINSA HOLDING BV

Netherlands

At the same address

Haïfastraat 1, 2030 Antwerp · 2 other companies

ANTONSEN registered office since 31-03-2009 · founded in 2009	4 FTE (2025) 0811.244.454
DL registered office since 31-03-2009 · founded in 2009	total assets €430,527 (2025) 0811.245.444

Holdings and subsidiaries

2 holdings

Share, source and own figures per holding (2)

Source for every holding own accounts 2025

ANTONSENsubsidiary
Equity €612,687 Profit of €50,073 in 2025 (profit of €114,670 in 2024) Checked score 96

100%
DLsubsidiary
Equity €333,174 Profit of €11,010 in 2025 (profit of €13,225 in 2024) Checked score 93

100%

Holdings through the years 2020 to 2025

Holdings through the years
Name	2020	2021	2022	2023	2024	2025
ANTONSEN 2020 to 2025: 100%	100%
DL 2020 to 2021: 43.61% 2022 to 2025: 100%	43.61%		100%

Source: list of holdings in its own accounts

Connections & network

2 current directors

Depth

The network starts from the directors of EDGEWORKS. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

50 events since 1988

Board

Filings

Financial

Establishments

19901995200020052010201520202025

Deadline for the 2026 accounts: 31-07-2027

2026

21-10-2026

Registered in the Peppol Directory Reachable for e-invoices through 0208:0435521783

03-07-2026

Annual accounts 2025 filed NBBabbreviated format · 28 days before the deadline

2025

27-06-2025

Annual accounts 2024 filed PDFabbreviated format · 34 days before the deadline

2024

28-06-2024

Annual accounts 2023 filed PDFabbreviated format · 33 days before the deadline

2023

31-12-2023

Back to profit net €275,736 The net result is €275,736, after one loss-making year.

03-07-2023

Annual accounts 2022 filed PDFabbreviated format · 28 days before the deadline

2022

31-12-2022

Weakest financial year net -€5,213 The net result drops to -€5,213, the lowest from 2007 to 2025. It recovers the following year.

24-06-2022

Annual accounts 2021 filed PDFabbreviated format · 37 days before the deadline

2021

31-12-2021

Liquidity more than doubled current ratio 4.45 The current ratio rises from 1.98 to 4.45. Short-term debt falls from €144,050 to €74,493.

28-06-2021

Annual accounts 2020 filed PDFabbreviated format · 33 days before the deadline

2020

31-12-2020

Highest result from 2007 to 2025 net €545,961 ▲1,255% The net result of €545,961 is the highest of those years.

31-12-2020

Equity above €2m equity €2.3m ▲492% After 12 profitable years in a row, equity reaches €2.3m.

2019

24-12-2019

4 managers resigning, 2 directors reappointedCapital from €19,000 to €86,023.18, 2,646 new shares · Capital from €86,023.18 to €1,434,000 · Resignations: VAN LOENEN Peter, VAN LOENEN Eric, ETM Management and LTV Management · General meeting of 19-12-201913 points ▸

Director resignation, VAN LOENEN Peter (manager)
Director resignation, VAN LOENEN Eric (manager)
Director resignation, ETM Management (manager)
Permanent representative, VAN LOENEN Eric
Permanent representative, VAN LOENEN Peter
Director resignation, LTV Management (manager)
Director reappointment, ETM Management (director (not named in the articles))
Director reappointment, LTV Management (director (not named in the articles))
General meeting, 19-12-2019
Permanent representative, PARMENTIER Guy (manager and permanent representative)
Capital increase, €67,023.18
Capital increase, €1,347,976.82
Legal-form conversion, from private limited company (pre-2019) to private limited company
The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

26-08-2019

Annual accounts 2019 filed PDFabbreviated format · 66 days before the deadline

10-05-2019

2 managers appointedETM Management bvba (director and manager) and LTV Management (director and manager) · Permanent representatives: Eric van Loenen and Peter van Loenen · General meeting of 01-04-20195 points ▸

General meeting, 01-04-2019
Director appointment, ETM Management bvba (director and manager)
Director appointment, LTV Management (director and manager)
Permanent representative, Eric van Loenen
Permanent representative, Peter van Loenen

Open the deed in the Belgian Official Gazette

31-03-2019

Liquidity more than triples current ratio 1.33 The current ratio rises from 0.33 to 1.33.

2018

23-08-2018

Annual accounts 2018 filed PDFabbreviated format · 69 days before the deadline

2017

30-08-2017

Annual accounts 2017 filed PDFabbreviated format · 62 days before the deadline

2016

22-08-2016

Annual accounts 2016 filed PDFabbreviated format · 70 days before the deadline

2015

27-08-2015

Annual accounts 2015 filed PDFabbreviated format · 65 days before the deadline

2014

13-08-2014

Annual accounts 2014 filed PDFabbreviated format · 79 days before the deadline

31-03-2014

Equity above €200,000 equity €213,896 ▲20.5% After 6 profitable years in a row, equity reaches €213,896.

2013

24-09-2013

Annual accounts 2013 filed PDFabbreviated format · 37 days before the deadline

2012

30-10-2012

Annual accounts 2012 filed PDFabbreviated format · 1 day before the deadline

31-03-2012

Equity above €150,000 equity €159,463 ▲75.6% After 4 profitable years in a row, equity reaches €159,463.

2011

27-09-2011

Annual accounts 2011 filed PDFabbreviated format · 34 days before the deadline

2010

29-10-2010

Annual accounts 2010 filed PDFabbreviated format · 2 days before the deadline

2009

29-10-2009

Annual accounts 2009 filed PDFabbreviated format · 2 days before the deadline

31-03-2009

Back to profit net €5,142 The net result is €5,142, after one loss-making year.

31-03-2009

Liquidity more than 887 times current ratio 2.93 The current ratio rises from 0.00 to 2.93. Short-term debt falls from €243,409 to €13,214.

2008

15-02-2008

Annual accounts 2007 filed PDFabbreviated format · 15 days late

2007

28-02-2007

Annual accounts 2006 filed PDFabbreviated format · 28 days late

2006

13-01-2006

Annual accounts 2005 filed PDFabbreviated format

2004

22-12-2004

Annual accounts 2004 filed PDFabbreviated format

2003

17-12-2003

Annual accounts 2003 filed PDFabbreviated format

23-01-2003

Annual accounts 2002 filed PDFabbreviated format

2002

14-02-2002

Annual accounts 2001 filed PDFabbreviated format

2001

26-01-2001

Annual accounts 2000 filed PDFabbreviated format

2000

31-01-2000

Annual accounts 1999 filed PDFabbreviated format

1998

17-12-1998

Annual accounts 1998 filed PDFabbreviated format

1997

24-12-1997

Annual accounts 1997 filed PDFabbreviated format

03-02-1997

Annual accounts 1996 filed PDFabbreviated format

1996

31-01-1996

Annual accounts 1995 filed PDFabbreviated format

1995

16-11-1995

Annual accounts 1994 filed PDFabbreviated format

1994

12-07-1994

Annual accounts 1992 filed PDFfull format

12-07-1994

Annual accounts 1993 filed PDFabbreviated format

1992

24-04-1992

Annual accounts 1991 filed PDFabbreviated format

1991

08-01-1991

Annual accounts 1989 filed PDFabbreviated format

1988

10-11-1988

First establishment Haïfastraat 1, Antwerp

14-10-1988

Incorporation published on 04-11-1988

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

On 14 October 1988, EDGEWORKS was incorporated.¹ A capital increase in 2019 brought the capital to €1.4m.² Total assets went from €1.5m in 2019 to €3.8m in 2025.³

Company details

Identity

Enterprise number: 0435.521.783
VAT number: BE 0435.521.783
Peppol ID: 0208:0435521783
Legal form: Private limited company
Status: Active, normal situation
Founded: 14-10-1988
Financial year: ends on 31 December
Annual meeting: Second Friday of June at 18:00
deed of 24-12-2019 (in Dutch)
Peppol: Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: EDGEWORKS in Dutch
Entity type: Legal entity
Registered office clause: “Vlaams Gewest”
deed of 24-12-2019 (in Dutch)

Activities

NACEBEL 2025

46190 Agents in non-specialised wholesale trade main activity

82990 Other business support services

Codes under NACEBEL 2008

46190 Wholesale trade main activity

82990 Other business support services

Purpose: “Het verlenen van diensten en prestaties zowel in eigen naam als in onderaanneming van alle mogelijke ondernemingen waarvan hun activiteiten…”
11 activities
Het verlenen van diensten en prestaties zowel in eigen naam als in onderaanneming van alle mogelijke ondernemingen waarvan hun activiteiten zich situeren in alle sectoren gaande van : niet-limitatieve opsomming: de bouw, metaal, chemie, handel in, aan- en verkoop, import, export, bemiddeling bij, verhuur van, beheer van alle mogelijke roerende goederen, tot fabricatie van goederen ongeacht hun aard of voorwerp;
Adviesverlening inzake verruimings- en verbeteringstrajecten betreffende bedrijfsorganisatie, personeel, management en uitvoering binnen arbeidsintensieve sectoren bestaande in het economische reguliere verkeer; bedrijfseconomische aangelegenheden;
De aanwerving, de selectie, de vorming en het ter beschikking stellen van personeel;
Het verwerven, in eigendom of anderszins, van bedrijfsuitrusting van gelijk welke aard, om deze ten bezwarende titel ter beschikking te stellen van derden, in het kader van wetenschappelijk, professioneel of administratief dienstbetoon;
De deelneming, onder gelijk welke vorm, aan de oprichting, de uitbreiding, de omvorming, de fusie, de opslorping, het beheer en de controle van ondernemingen van gelijk welke aard, en het verlenen, aan ondernemingen waarin de vennootschap belang stelt, van alle hulp onder meer in de vorm van leningen, voorschotten of borgstellingen;
Het uitoefenen van mandaten van bestuur, vereffenaar of commissaris in vennootschappen of ondernemingen van gelijk welke aard;
Het verwerven van participaties onder gelijk welke vorm, in gelijk welke Belgische of buitenlandse ondernemingen, en het beheer van deze participaties; de vennootschap ontzegt zich evenwel elke activiteit onderworpen aan de controle van de Commissie voor Bank- en Financiewezen;
Het huren en verhuren, aan- en verkopen van roerende goederen;
Het uitbouwen en het beheren van een onroerend vermogen, omvattend het aankopen, het verkopen, het huren en verhuren, het doen bouwen, het doen verbouwen, het beheren, het inrichten en het uitbaten van onroerende goederen, alsook de makelarij in onroerende goederen;
Het voeren en organiseren van alle publicitaire activiteiten in al haar vormen, ongeacht de middelen, in de meest ruime zin van het woord;
In het algemeen: De vennootschap mag in België en in het buitenland alle commerciële, industriële en financiële roerende en onroerende verrichtingen doen die in verband staan met haar voorwerp, hierboven niet-limitatief opgesomd. Dit alles zowel in het groot als in het klein, voor eigen rekeningen zowel als voor rekening van derden of als tussenpersoon, makelaar, of anderszins, doch steeds met uitsluiting van de activiteiten voorbehouden aan wettelijk gereglementeerde beroepen, in zoverre althans de vennootschap niet aan de vestigingsvereisten zou voldoen. Zij mag eveneens belangen hebben bij wijze van inbreng, inschrijving of anderszins in alle ondernemingen, verenigingen, vennootschappen die een gelijkaardig, analoog of aanverwant voorwerp nastreven of wier voorwerp van aard is dat van de vennootschap te bevorderen. Zij mag zich voor deze onderneming, verenigingen of vennootschappen borg stellen of aval verlenen, voorschotten en krediet toestaan of andere waarborgen verstrekken.
deed of 24-12-2019 (in Dutch)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Haïfastraat 1 registered office 2030 Antwerp	10-11-1988	2.040.817.840

Buildings and parcels at the address

Ground area: 3,090 m²
Buildings: 2,638 m²
Volume, LiDAR: 20,656 m³
Tallest building: 31.7 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

3 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
11807G1681/00C000	3,090 m²	1 · 2,638 m²	31.7 m · 3

Overview

Lifetime

Key points

Result

Filings

Position in the sector

Checked score

Score breakdown

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on EDGEWORKS

Financials

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency82.5%

Current ratio0.36

Return on assets8.3%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on EDGEWORKS

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Capital transactions

Network & group

Holdings

Belgium 2 Equity Result

Parent

At the same address

Holdings and subsidiaries

Holdings 2

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

in €m

in euro

82.5%

0.36

8.3%