EDLEX
ActiveSummary
EDLEX has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,475 and a net result of €13,414. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 44% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency51▼-1
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.88 in 2024; short-term debt: 74.5% and cash: 55.6% of total assets), and 74.5% 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 · 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
25.5%
Return on assets
25.4%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
3 d late
2024
55 d early
2023
57 d early
2022
48 d early
2021
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€69,877
EBIT margin
26.0%
Net result
€13,414
2024 · -€7,541
Working capital
-€9,598▼ 469%
2024 · -€1,687
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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
Line20212022202320242025
Turnover€69,877
Operating result€4,823-€22,447▲ 365%-€7,781-€4,936▲ 36.6%€18,143
Net result€2,755within the sector's middle half-€15,590within the sector's middle half▲ 466%-€10,742below the sector's middle half-€7,541within the sector's middle half▲ 29.8%€13,414within the sector's middle half
EBIT margin26.0%
Equity€7,755below the sector's middle half-€23,344within the sector's middle half▲ 201%€12,602within the sector's middle half▼ 46.0%€5,061below the sector's middle half▼ 59.8%€13,475below the sector's middle half▲ 166%
Total assets€18,196below the sector's middle half-€45,192below the sector's middle half▲ 148%€47,043below the sector's middle half▲ 4.1%€18,639below the sector's middle half▼ 60.4%€52,834below the sector's middle half▲ 183%
Debt€10,442-€21,848▲ 109%€34,441▲ 57.6%€13,578▼ 60.6%€39,359▲ 190%
Working capital€7,260-€20,891▲ 188%€3,313▼ 84.1%-€1,687-€9,598▼ 469%
Solvency42.6%within the sector's middle half-51.7%within the sector's middle half▲ 9.0pp26.8%within the sector's middle half▼ 24.9pp27.2%within the sector's middle half▲ 0.4pp25.5%within the sector's middle half▼ 1.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18,143 after a loss of €4,936 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €52,834
Fixed assets
€23,072 ▲ 242%
Current assets
€29,761 ▲ 150%
Equity and liabilities €52,834
Equity
€13,475 ▲ 166%
Debt
€39,359 ▲ 190%
Debt's share of the balance-sheet total rises from 72.8% to 74.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26,127▲
2024 · -€444
Cash flow
€21,398▲
2024 · -€3,049
Current ratio
0.76▼
2024 · 0.88
Debt to equity
2.92▲
2024 · 2.68
ROE
99.5%▲
2024 · -149.0%
ROA
25.4%▲
2024 · -40.5%
Interest coverage
13.49▲
2024 · -0.25
Debt ≤ 1 year
€39,359▲
2024 · €13,578
Income taxes
€3,519▲
2024 · €856
Staff costs
€1,760
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 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% | 1.6% |
| 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 74% 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 6,703 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €69,877 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €47,530 | - |
| Remuneration, social security and pensions62 | - | - | - | - | €1,760 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €153 | €431 | €2,113 | €4,492 | €7,984 | ▲ 77.7% |
| Other operating charges640/8 | €348 | €1,194 | €1,940 | €643 | €745 | ▲ 15.9% |
| Gross operating margin9900 | €5,323 | €24,071 | -€3,728 | €199 | €28,632 | ▲ 14,323% |
| Operating profit (loss)9901 | €4,823 | €22,447 | -€7,781 | -€4,936 | €18,143 | ▲ 468% |
| Financial income75/76B | €1 | €1 | €0 | €14 | €727 | ▲ 5,282% |
| Recurring financial income75 | €1 | €1 | €0 | €14 | €727 | ▲ 5,282% |
| Financial charges65/66B | €154 | €810 | €2,237 | €1,763 | €1,936 | ▲ 9.8% |
| Recurring financial charges65 | €154 | €810 | €2,237 | €1,763 | €1,936 | ▲ 9.8% |
| Profit (loss) for the period before taxes9903 | €4,670 | €21,638 | -€10,018 | -€6,686 | €16,933 | ▲ 353% |
| Income taxes67/77 | €1,915 | €6,048 | €724 | €856 | €3,519 | ▲ 311% |
| Profit (loss) for the period9904 | €2,755 | €15,590 | -€10,742 | -€7,541 | €13,414 | ▲ 278% |
| Profit (loss) for the period to be appropriated9905 | €2,755 | €15,590 | -€10,742 | -€7,541 | €13,414 | ▲ 278% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,196 | €45,192 | €47,043 | €18,639 | €52,834 | ▲ 183% |
| Fixed assets21/28 | €495 | €2,453 | €9,990 | €6,748 | €23,072 | ▲ 242% |
| Intangible fixed assets21 | - | - | €7,772 | €5,689 | €2,356 | ▼ 58.6% |
| Tangible fixed assets22/27 | €495 | €2,453 | €2,218 | €1,059 | €20,717 | ▲ 1,856% |
| Furniture and vehicles24 | €495 | €2,453 | €2,218 | €1,059 | €20,717 | ▲ 1,856% |
| Current assets29/58 | €17,701 | €42,739 | €37,054 | €11,891 | €29,761 | ▲ 150% |
| Amounts receivable within one year40/41 | €791 | €2,904 | €1,616 | €2,014 | - | - |
| Trade receivables40 | €791 | €2,903 | €1,616 | €2,014 | - | - |
| Other amounts receivable41 | - | €1 | €0 | €0 | - | - |
| Cash at bank and in hand54/58 | €16,762 | €36,024 | €33,478 | €8,904 | €29,382 | ▲ 230% |
| Deferred charges and accrued income490/1 | €149 | €3,812 | €1,959 | €973 | €379 | ▼ 61.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,196 | €45,192 | €47,043 | €18,639 | €52,834 | ▲ 183% |
| Equity10/15 | €7,755 | €23,344 | €12,602 | €5,061 | €13,475 | ▲ 166% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Capital10 | - | - | - | - | €5,000 | - |
| Issued capital100 | - | - | - | - | €5,000 | - |
| Profit (loss) carried forward14 | €2,755 | €18,344 | €7,602 | €61 | €8,475 | ▲ 13,795% |
| Amounts payable17/49 | €10,442 | €21,848 | €34,441 | €13,578 | €39,359 | ▲ 190% |
| Amounts payable within one year42/48 | €10,442 | €21,848 | €33,741 | €13,578 | €39,359 | ▲ 190% |
| Trade debts44 | €91 | €759 | €1,380 | €4,185 | €1,323 | ▼ 68.4% |
| Suppliers440/4 | €91 | €759 | €1,380 | €1,748 | €898 | ▼ 48.6% |
| Bills of exchange payable441 | - | - | - | €2,437 | €425 | ▼ 82.6% |
| Taxes, remuneration and social security45 | €4,558 | €19,961 | €22,733 | €4,700 | €8,459 | ▲ 80.0% |
| Taxes450/3 | €4,558 | €19,961 | €19,233 | €4,700 | €6,072 | ▲ 29.2% |
| Remuneration and social security454/9 | - | - | €3,500 | €0 | €2,386 | - |
| Other amounts payable47/48 | €5,793 | €1,128 | €9,628 | €4,693 | €29,578 | ▲ 530% |
| Accrued charges and deferred income492/3 | - | - | €700 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,755 | €15,590 | -€10,742 | -€7,541 | €13,414 | ▲ 278% |
| + Depreciation and write-downs630 | €153 | €431 | €2,113 | €4,492 | €7,984 | ▲ 77.7% |
| Operating cash flow (approximation) | €2,907 | €16,020 | -€8,629 | -€3,049 | €21,398 | ▲ 802% |
| Investment in fixed assets (approximation) | - | -€2,389 | -€9,649 | -€1,250 | -€24,309 | ▼ 1,845% |
| Change in cash | - | €19,262 | -€2,545 | -€24,574 | €20,478 | ▲ 183% |
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
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 3 days late
2025
31-12
Financial
Back to profitnet €13,414
Net result €13,414 after 2 loss-making years.
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€10,742
Net result drops to -€10,742, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €15,590 ▲466%
Operating result €22,447, net result €15,590, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Genappe · 1 establishment unit since 2021
Ground area
2,694 m²
Building footprint
300 m²
Volume, LiDAR
2,241 m³
2 parcels, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Grand rue du Double Ecot 74, 1380 Lasne
since 20212.315.533.817
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25106G0126/02S000 | Wallonia | 1,766 m² | 1 · 183 m² | 10.7 m · 3 fl. |
| 25024B0072/00E000 | Wallonia | 928 m² | 1 · 117 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,530 companies in sector 68322 we hold annual accounts for 741. 370 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
Founded28-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
68322Real estate appraisal on a fee or contract basis
66210Risk and damage evaluation
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0765744823
Also
9925:BE0765744823
Registered
07-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.