EDL Projects
ActiveSummary
EDL Projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €340k and a net result of €56k. Equity is growing by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-10
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.73 against 27.35 in 2024; short-term debt: 21.1% and cash: 39.1% of total assets), and 21.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
78.9%
Return on assets
13%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
3 d early
2023
1 d early
2022
1 d early
2021
4 d early
2020
10 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€340k▼ 6.6%
2024 · €364k
2020: €74klowest in 6 years
2021: €158k▲ +112% vs 2020
2022: €229k▲ +45.3% vs 2021
2023: €287k▲ +25.4% vs 2022
2024: €364k▲ +26.9% vs 2023highest in 6 years
2025: €340k▼ -6.6% vs 2024
2020 → 2025
Total assets
€431k▲ 14.1%
2024 · €378k
2020: €105klowest in 6 years
2021: €171k▲ +62.8% vs 2020
2022: €244k▲ +42.8% vs 2021
2023: €298k▲ +22.0% vs 2022
2024: €378k▲ +27.0% vs 2023
2025: €431k▲ +14.1% vs 2024highest in 6 years
2020 → 2025
Net result
€56k▼ 29.0%
2024 · €79k
2020: €62k
2021: €83k▲ +34.7% vs 2020highest in 6 years
2022: €73k▼ -12.4% vs 2021
2023: €54k▼ -26.7% vs 2022lowest in 6 years
2024: €79k▲ +47.3% vs 2023
2025: €56k▼ -29.0% vs 2024
2020 → 2025
Working capital
€340k▼ 6.3%
2024 · €363k
2020: €73klowest in 6 years
2021: €157k▲ +115% vs 2020
2022: €224k▲ +43.4% vs 2021
2023: €284k▲ +26.5% vs 2022
2024: €363k▲ +27.7% vs 2023highest in 6 years
2025: €340k▼ -6.3% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€158k-€229k▲ 45.3%€287k▲ 25.4%€364k▲ 26.9%€340k▼ 6.6%
2021: €158klowest in 5 years
2022: €229k▲ +45.3% vs 2021
2023: €287k▲ +25.4% vs 2022
2024: €364k▲ +26.9% vs 2023highest in 5 years
2025: €340k▼ -6.6% vs 2024
Operating result€103k-€91k▼ 11.8%€67k▼ 26.2%€99k▲ 46.7%€66k▼ 32.8%
2021: €103khighest in 5 years
2022: €91k▼ -11.8% vs 2021
2023: €67k▼ -26.2% vs 2022
2024: €99k▲ +46.7% vs 2023
2025: €66k▼ -32.8% vs 2024lowest in 5 years
Net result€83k-€73k▼ 12.4%€54k▼ 26.7%€79k▲ 47.3%€56k▼ 29.0%
2021: €83khighest in 5 years
2022: €73k▼ -12.4% vs 2021
2023: €54k▼ -26.7% vs 2022lowest in 5 years
2024: €79k▲ +47.3% vs 2023
2025: €56k▼ -29.0% 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 falls in 2025; 2025 is 33% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €431k
Fixed assets
€720 ▼ 59.2%
Current assets
€431k ▲ 14.4%
Equity and liabilities €431k
Equity
€340k ▼ 6.6%
Debt
€91k ▲ 561%
Debt's share of the balance-sheet total rises from 3.6% to 21.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€67k▼
2024 · €101k
Cash flow
€57k▼
2024 · €81k
Current ratio
4.73▼
2024 · 27.35
Debt to equity
0.27▲
2024 · 0.04
ROE
16.5%▼
2024 · 21.6%
ROA
13.0%▼
2024 · 20.8%
Interest coverage
229.61▼
2024 · 376.41
Debt ≤ 1 year
€91k▲
2024 · €14k
Income taxes
€14k▼
2024 · €20k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€378k€431k▲
Fixed assets21/28€2k€720▼
Tangible fixed assets22/27€2k€720▼
Plant, machinery and equipment23€2k€720▼
Current assets29/58€376k€431k▲
Amounts receivable within one year40/41€428€12k▲
Trade receivables40€158€11k▲
Other amounts receivable41€271€779▲
Current investments50/53€325k€250k▼
Cash at bank and in hand54/58€51k€169k▲
Equity and liabilities
Total equity and liabilities10/49€378k€431k▲
Equity10/15€364k€340k▼
Contributions10/11€19k€19k=
Reserves13€345k€321k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€343k€320k▼
Profit (loss) carried forward14€942€344▼
Amounts payable17/49€14k€91k▲
Amounts payable within one year42/48€14k€91k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€5k▼
Other amounts payable47/48€5k€84k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Other operating charges640/8€525€531▲
Gross operating margin9900€102k€68k▼
Operating profit (loss)9901€99k€66k▼
Financial income75/76B€0€4k▲
Recurring financial income75€0€4k▲
Financial charges65/66B€269€294▲
Recurring financial charges65€269€294▲
Profit (loss) for the period before taxes9903€99k€70k▼
Income taxes67/77€20k€14k▼
Profit (loss) for the period9904€79k€56k▼
Profit (loss) for the period to be appropriated9905€79k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€80k€57k▼
Profit (loss) brought forward from the previous period14P€715€942▲
Transfer from equity791/2-€78k
Transfer to equity691/2€77k€55k▼
To other reserves6921€77k€55k▼
Profit to be distributed694/7€2k€80k▲
Return on contributions (dividend)694€2k€80k▲
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 | €350 | €1k | €1k | €3k | €1k | ▼ 59.7% |
| Other operating charges640/8 | - | €468 | €601 | €525 | €531 | ▲ 1.2% |
| Gross operating margin9900 | €104k | €93k | €69k | €102k | €68k | ▼ 33.3% |
| Operating profit (loss)9901 | €103k | €91k | €67k | €99k | €66k | ▼ 32.8% |
| Financial income75/76B | - | €2 | - | €0 | €4k | ▲ 5,879,286% |
| Recurring financial income75 | - | €2 | - | €0 | €4k | ▲ 5,879,286% |
| Financial charges65/66B | - | €165 | €153 | €269 | €294 | ▲ 9.0% |
| Recurring financial charges65 | €64 | €165 | €153 | €269 | €294 | ▲ 9.0% |
| Profit (loss) for the period before taxes9903 | €103k | €91k | €67k | €99k | €70k | ▼ 28.7% |
| Income taxes67/77 | €20k | €18k | €14k | €20k | €14k | ▼ 27.9% |
| Profit (loss) for the period9904 | €83k | €73k | €54k | €79k | €56k | ▼ 29.0% |
| Profit (loss) for the period to be appropriated9905 | €83k | €73k | €54k | €79k | €56k | ▼ 29.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €171k | €244k | €298k | €378k | €431k | ▲ 14.1% |
| Fixed assets21/28 | €1k | €5k | €3k | €2k | €720 | ▼ 59.2% |
| Tangible fixed assets22/27 | €1k | €5k | €3k | €2k | €720 | ▼ 59.2% |
| Plant, machinery and equipment23 | - | €4k | €3k | €2k | €720 | ▼ 59.2% |
| Furniture and vehicles24 | - | €700 | €350 | - | - | - |
| Current assets29/58 | €170k | €239k | €294k | €376k | €431k | ▲ 14.4% |
| Amounts receivable within one year40/41 | - | €2k | €1k | €428 | €12k | ▲ 2,670% |
| Trade receivables40 | - | - | - | €158 | €11k | ▲ 6,940% |
| Other amounts receivable41 | - | €2k | €1k | €271 | €779 | ▲ 187% |
| Current investments50/53 | - | - | - | €325k | €250k | ▼ 23.1% |
| Cash at bank and in hand54/58 | €170k | €238k | €293k | €51k | €169k | ▲ 231% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €171k | €244k | €298k | €378k | €431k | ▲ 14.1% |
| Equity10/15 | €158k | €229k | €287k | €364k | €340k | ▼ 6.6% |
| Contributions10/11 | - | €12k | €19k | €19k | €19k | = |
| Reserves13 | €145k | €215k | €268k | €345k | €321k | ▼ 6.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €213k | €266k | €343k | €320k | ▼ 6.8% |
| Profit (loss) carried forward14 | €368 | €2k | €715 | €942 | €344 | ▼ 63.5% |
| Amounts payable17/49 | €13k | €15k | €10k | €14k | €91k | ▲ 561% |
| Amounts payable within one year42/48 | €13k | €15k | €10k | €14k | €91k | ▲ 561% |
| Trade debts44 | €3k | €3k | €3k | €2k | €2k | ▲ 20.5% |
| Suppliers440/4 | - | €3k | €3k | €2k | €2k | ▲ 20.5% |
| Taxes, remuneration and social security45 | - | €5k | €5k | €7k | €5k | ▼ 20.8% |
| Taxes450/3 | - | €5k | €5k | €7k | €5k | ▼ 20.8% |
| Other amounts payable47/48 | - | €7k | €2k | €5k | €84k | ▲ 1,516% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83k | €73k | €54k | €79k | €56k | ▼ 29.0% |
| + Depreciation and write-downs630 | €350 | €1k | €1k | €3k | €1k | ▼ 59.7% |
| Operating cash flow (approximation) | €84k | €74k | €55k | €81k | €57k | ▼ 29.9% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €-1k | €0 | ▲ 100% |
| Change in cash | - | €68k | €56k | €-242k | €118k | ▲ 149% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €54k ▼26.7%
Net result drops to €54k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €200kEq €229k ▲45.3%
3 profitable years in a row build equity to €229k.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2020net €83k ▲34.7%
Operating result €103k, net result €83k, both a record.
30-06
Financial
Liquidity quadruplescurrent ratio 12.89
Current ratio from 3.38 to 12.89; short-term debt falls from €31k to €13k.
30-06
Financial
Equity above €150kEq €158k ▲112%
2 profitable years in a row build equity to €158k.
21-01
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.
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, Maldegem · 1 establishment unit since 2019
Ground area
293 m²
Building footprint
184 m²
Volume, LiDAR
1,177 m³
Parcel 43010C0289/00E000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
EDL Projects
since 20192.286.928.715
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43010C0289/00E000 | Flanders | 293 m² | 1 · 184 m² | 9.8 m · 2 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 11,218 companies in sector 82100 we hold annual accounts for 3,511. 2,223 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
Founded26-02-2019
Fiscal year end30-06
Activities, NACEBEL 2025
82100Office administrative and support services
Contact
E-mail
herwig@deboekhouders.beMaldegem
Scores and ratios are computed by Checked and are not a credit decision.