EDISON
ActiveSummary
EDISON has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37,356 and a net result of -€7,111. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 62% of 36386 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability13▼-60
Solvency82▼-4
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.17 against 2.37 in 2023; short-term debt: 42.6% and cash: 0.5% of total assets), and 42.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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 2024Solvency, return and age of the figures
Solvency
57.4%
Return on assets
-10.9%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-08-2025, 18 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
18 d late
2023
58 d late
2022
84 d late
2021
88 d late
2020
47 d late
2019
104 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 67 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 oldest company in Leuze-en-Hainaut, Construction sector
Equity
€37,356▼ 16.0%
2023 · €44,467
Total assets
€65,121▼ 10.8%
2023 · €73,042
Net result
-€7,111
2023 · €5,401
Working capital
€32,539▼ 11.4%
2023 · €36,707
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€22,119▲ 527%-€14,150€5,902€5,218▼ 11.6%-€6,085
Net result€16,580within the sector's middle half▲ 1,731%-€20,098below the sector's middle half€3,293within the sector's middle half€5,401within the sector's middle half▲ 64.0%-€7,111below the sector's middle half
Equity€55,871within the sector's middle half▲ 42.2%€35,773within the sector's middle half▼ 36.0%€39,066within the sector's middle half▲ 9.2%€44,467within the sector's middle half▲ 13.8%€37,356within the sector's middle half▼ 16.0%
Total assets€140,417within the sector's middle half▲ 50.0%€107,908within the sector's middle half▼ 23.2%€77,151within the sector's middle half▼ 28.5%€73,042within the sector's middle half▼ 5.3%€65,121below the sector's middle half▼ 10.8%
Debt€84,546▲ 55.6%€72,135▼ 14.7%€38,085▼ 47.2%€28,575▼ 25.0%€27,765▼ 2.8%
Working capital€47,226within the sector's middle half▲ 45.3%€25,476within the sector's middle half▼ 46.1%€33,087within the sector's middle half▲ 29.9%€36,707within the sector's middle half▲ 10.9%€32,539within the sector's middle half▼ 11.4%
Solvency39.8%within the sector's middle half▼ 2.2pp33.2%within the sector's middle half▼ 6.6pp50.6%within the sector's middle half▲ 17.5pp60.9%within the sector's middle half▲ 10.2pp57.4%within the sector's middle half▼ 3.5pp
Current ratio1.85within the sector's middle half▲ 0.121.46within the sector's middle half▼ 0.402.17within the sector's middle half▲ 0.712.37within the sector's middle half▲ 0.202.17within the sector's middle half▼ 0.20
Return on assets (ROA)11.8%within the sector's middle half▲ 10.8pp-18.6%below the sector's middle half▼ 30.4pp4.3%within the sector's middle half▲ 22.9pp7.4%within the sector's middle half▲ 3.1pp-10.9%below the sector's middle half▼ 18.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
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 2024: a loss of €6,085 after €5,218 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65,121
Fixed assets
€4,817 ▼ 50.0%
Current assets
€60,304 ▼ 4.9%
Equity and liabilities €65,121
Equity
€37,356 ▼ 16.0%
Debt
€27,765 ▼ 2.8%
Debt's share of the balance-sheet total rises from 39.1% to 42.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,101▼
2023 · €12,927
Cash flow
€1,075▼
2023 · €13,109
Quick ratio
1.07▼
2023 · 1.37
Debt to equity
0.74▲
2023 · 0.64
ROE
-19.0%▼
2023 · 12.1%
Interest coverage
0.96▼
2023 · 5.37
Debt ≤ 1 year
€27,765▲
2023 · €26,702
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,836 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €970 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,912 | €11,189 | €7,967 | €7,709 | €8,186 | ▲ 6.2% |
| Other operating charges640/8 | - | €2,411 | €1,352 | €334 | €1,252 | ▲ 275% |
| Non-recurring operating charges66A | - | €440 | €2,873 | - | - | - |
| Gross operating margin9900 | €35,616 | €861 | €18,093 | €13,261 | €3,353 | ▼ 74.7% |
| Operating profit (loss)9901 | €22,119 | -€14,150 | €5,902 | €5,218 | -€6,085 | ▼ 217% |
| Financial income75/76B | - | €2 | €460 | €2,591 | €1,156 | ▼ 55.4% |
| Recurring financial income75 | €1,463 | €2 | €460 | €1,813 | €1,156 | ▼ 36.2% |
| Non-recurring financial income76B | - | - | - | €779 | - | - |
| Financial charges65/66B | - | €5,830 | €2,949 | €2,409 | €2,182 | ▼ 9.4% |
| Recurring financial charges65 | €3,619 | €3,224 | €2,912 | €2,409 | €2,182 | ▼ 9.4% |
| Non-recurring financial charges66B | - | €2,606 | €38 | - | - | - |
| Profit (loss) for the period before taxes9903 | €19,963 | -€19,978 | €3,413 | €5,401 | -€7,111 | ▼ 232% |
| Income taxes67/77 | €3,383 | €120 | €120 | - | - | - |
| Profit (loss) for the period9904 | €16,580 | -€20,098 | €3,293 | €5,401 | -€7,111 | ▼ 232% |
| Profit (loss) for the period to be appropriated9905 | €16,580 | -€20,098 | €3,293 | €5,401 | -€7,111 | ▼ 232% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €140,417 | €107,908 | €77,151 | €73,042 | €65,121 | ▼ 10.8% |
| Fixed assets21/28 | €37,850 | €26,680 | €15,828 | €9,633 | €4,817 | ▼ 50.0% |
| Tangible fixed assets22/27 | €37,470 | €26,280 | €15,441 | €9,232 | €4,402 | ▼ 52.3% |
| Plant, machinery and equipment23 | - | €1,288 | €318 | - | €2,667 | - |
| Furniture and vehicles24 | - | €24,993 | €15,123 | €9,232 | €1,735 | ▼ 81.2% |
| Financial fixed assets28 | €380 | €400 | €387 | €400 | €415 | ▲ 3.6% |
| Current assets29/58 | €102,568 | €81,228 | €61,323 | €63,409 | €60,304 | ▼ 4.9% |
| Stocks and contracts in progress3 | €30,524 | €43,199 | €33,273 | €26,910 | €30,499 | ▲ 13.3% |
| Stocks30/36 | - | €43,199 | €33,273 | €26,910 | €30,499 | ▲ 13.3% |
| Amounts receivable within one year40/41 | €59,736 | €31,688 | €25,067 | €34,740 | €18,664 | ▼ 46.3% |
| Trade receivables40 | - | €23,098 | €17,999 | €30,352 | €15,829 | ▼ 47.8% |
| Other amounts receivable41 | - | €8,590 | €7,068 | €4,388 | €2,835 | ▼ 35.4% |
| Cash at bank and in hand54/58 | €34 | €4,801 | €2,417 | €116 | €321 | ▲ 176% |
| Deferred charges and accrued income490/1 | - | €1,540 | €566 | €1,643 | €10,820 | ▲ 559% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €140,417 | €107,908 | €77,151 | €73,042 | €65,121 | ▼ 10.8% |
| Equity10/15 | €55,871 | €35,773 | €39,066 | €44,467 | €37,356 | ▼ 16.0% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €35,420 | €15,322 | €18,615 | €24,016 | €16,905 | ▼ 29.6% |
| Amounts payable17/49 | €84,546 | €72,135 | €38,085 | €28,575 | €27,765 | ▼ 2.8% |
| Amounts payable after more than one year17 | €26,667 | €16,383 | €9,073 | €1,873 | - | - |
| Financial debts170/4 | - | €16,383 | €9,073 | €1,873 | - | - |
| Amounts payable within one year42/48 | €55,342 | €55,752 | €28,236 | €26,702 | €27,765 | ▲ 4.0% |
| Financial debts43 | - | €15,008 | €10,868 | €14,720 | €14,229 | ▼ 3.3% |
| Credit institutions430/8 | - | €14,281 | €10,805 | €14,720 | €14,229 | ▼ 3.3% |
| Other loans439 | - | €727 | €63 | - | - | - |
| Trade debts44 | €17,806 | €28,300 | €12,549 | €11,183 | €4,624 | ▼ 58.6% |
| Suppliers440/4 | - | €28,300 | €12,549 | €11,183 | €4,624 | ▼ 58.6% |
| Advances received on contracts in progress46 | - | €7,871 | - | - | €2,000 | - |
| Taxes, remuneration and social security45 | - | €4,573 | €4,820 | €799 | €6,911 | ▲ 765% |
| Taxes450/3 | - | €4,573 | €4,820 | €799 | €6,911 | ▲ 765% |
| Accrued charges and deferred income492/3 | - | - | €776 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16,580 | -€20,098 | €3,293 | €5,401 | -€7,111 | ▼ 232% |
| + Depreciation and write-downs630 | €11,912 | €11,189 | €7,967 | €7,709 | €8,186 | ▲ 6.2% |
| Operating cash flow (approximation) | €28,492 | -€8,909 | €11,260 | €13,109 | €1,075 | ▼ 91.8% |
| Investment in fixed assets (approximation) | - | -€20 | €2,885 | -€1,514 | -€3,370 | ▼ 123% |
| Change in cash | - | €4,767 | -€2,384 | -€2,301 | €205 | ▲ 109% |
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
2025
18-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
31-12
Financial
Back to profitnet €3,293
Net result €3,293 after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 days late
2021
31-12
Financial
Weakest financial yearnet -€20,098
Net result drops to -€20,098, the lowest in the series; recovery starts the following year.
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 47 days late
2020
31-12
Financial
Highest result since 2018net €16,580 ▲1,731%
Operating result €22,119, net result €16,580, both a record.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Leuze-en-Hainaut · 1 establishment unit since 1994
Ground area
1,286 m²
Building footprint
118 m²
Parcel 57048A0066/00P000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue du Beau Site(L) 32, 7900 Leuze-en-Hainaut
since 19942.067.476.212
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57048A0066/00P000 | Wallonia | 1,286 m² | 1 · 117 m² | - |
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 7,043 companies in sector 43221 we hold annual accounts for 3,475. 2,852 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
Founded01-04-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
E-mail
edison@skynet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452317136
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.