EDM WORK

Open bankruptcy

Private limited companyfounded 2019Houtstraat 4, 9800 Deinze, BelgiumKBO/BCE: BE 0724.500.522

A bankruptcy procedure is open for EDM WORK according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €313k and a net result of €81k.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

The KBO register records the legal situation: open bankruptcy (code 050). This is today's state according to the register itself; the register carries no start date.

KBO · legal situation

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 5 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

86 d late

2022

52 d late

2021

236 d late

2020

601 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€313k▲ 34.9%

2023 · €232k

2020: €13k 2021: €20k 2022: €215k 2023: €232k

2020 → 2024

Total assets

€611k▲ 0.7%

2023 · €607k

2020: €38k 2021: €357k 2022: €530k 2023: €607k

2020 → 2024

Net result

€81k▲ 372%

2023 · €17k

2020: €13k 2021: €7k 2022: €194k 2023: €17k

2020 → 2024

Working capital

€294k▲ 39.4%

2023 · €211k

2020: €-15k 2021: €-20k 2022: €162k 2023: €211k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€13k-€20k▲ 53.7%€215k▲ 951%€232k▲ 8.0%€313k▲ 34.9%

Operating result€17k-€13k▼ 21.3%€257k▲ 1,873%€59k▼ 77.2%€106k▲ 80.3%

Net result€13k-€7k▼ 45.9%€194k▲ 2,622%€17k▼ 91.2%€81k▲ 372%

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 recovers in 2024; 2024 is 80% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €611k

96.9%

Fixed assets €19k▼ 10.3%

Current assets €593k▲ 1.1%

Equity and liabilities €611k

51.2%

48.8%

Equity €313k▲ 34.9%

Debt €299k▼ 20.5%

The debt ratio falls from 61.8% to 48.8%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2023

EBITDA

€106k▲

2023 · €61k

Cash flow

€82k▲

2023 · €19k

Solvency

51.2%▲

2023 · 38.2%

Current ratio

1.99▲

2023 · 1.56

Quick ratio

1.99▲

2023 · 1.56

Debt / equity

0.95▼

2023 · 1.62

ROE

25.9%▲

2023 · 7.4%

ROA

13.2%▲

2023 · 2.8%

Interest coverage

8.69▲

2023 · 1.43

Debt

€299k▼

2023 · €375k

Debt ≤ 1 year

€299k▼

2023 · €375k

Income taxes

€32k▼

2023 · €34k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€607k€611k▲

Fixed assets21/28€21k€19k▼

Tangible fixed assets22/27€3k€801▼

Furniture and vehicles24€3k€801▼

Financial fixed assets28€18k€18k=

Current assets29/58€586k€593k▲

Amounts receivable after more than one year29€524k€546k▲

Other amounts receivable291€524k€546k▲

Amounts receivable within one year40/41€48k€46k▼

Trade receivables40€42k€15k▼

Other amounts receivable41€7k€31k▲

Cash at bank and in hand54/58€14k€765▼

Equity and liabilities

Total equity and liabilities10/49€607k€611k▲

Equity10/15€232k€313k▲

Contributions10/11€100€100=

Reserves13€232k€313k▲

Non-distributable reserves130/1€10€10=

Reserves not available under the articles1311€10€10=

Distributable reserves133€232k€313k▲

Amounts payable17/49€375k€299k▼

Amounts payable within one year42/48€375k€299k▼

Trade debts44€23k-

Suppliers440/4€23k-

Taxes, remuneration and social security45€144k€152k▲

Taxes450/3€144k€152k▲

Other amounts payable47/48€208k€146k▼

Income statement Code20232024

Non-recurring operating income76A-€1k

Remuneration, social security and pensions62€15k-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€601▼

Other operating charges640/8€42k€2k▼

Non-recurring operating charges66A€31k-

Gross operating margin9900€149k€109k▼

Operating profit (loss)9901€59k€106k▲

Financial income75/76B€39k€23k▼

Recurring financial income75€138€23k▲

Non-recurring financial income76B€39k-

Financial charges65/66B€46k€16k▼

Recurring financial charges65€42k€12k▼

Non-recurring financial charges66B€4k€4k▼

Profit (loss) for the period before taxes9903€51k€113k▲

Income taxes67/77€34k€32k▼

Profit (loss) for the period9904€17k€81k▲

Profit (loss) for the period to be appropriated9905€17k€81k▲

Appropriation of the result

Profit (loss) to be appropriated9906€17k€81k▲

Transfer to equity691/2€17k€81k▲

To other reserves6921€17k€81k▲

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Signals 3Financial 3Filings 5

2025

24-11

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · EDM WORK BV HOUT- STRAAT 4, 9800 DEINZE PETEGEM · event 18-11-2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 29 days late

2024

25-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 86 days late

2023

26-07

Bankruptcy Bankruptcy reversal

Ondernemingsrechtbank Gent, afdeling Gent · EDM WORK BVBA LIJNMOLENSTRAAT 87, 9040 SINT-AMANDSBERG · event 20-07-2023

21-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 52 days late

12-06

Bankruptcy Opening

Ondernemingsrechtbank Gent, afdeling Gent · EDM WORK BVBA LIJNMO- LENSTRAAT 87, 9040 SINT-AMANDSBERG · event 06-06-2023

2022

22-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 236 days late

22-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 601 days late

30-09

Financial Highest result since 2020net €194k ▲2622%

Operating result €257k, net result €194k, both a record.

30-09

Financial Equity above €200kEq €215k ▲951%

3 profitable years in a row build equity to €215k.

2021

30-09

Financial Weakest financial yearnet €7k ▼45.9%

Net result drops to €7k, the lowest in the series.

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

Directors · office · real estate

Directors

6 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, Deinze · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Houtstraat 49800 Deinze

Ground area

681 m²

Building footprint

148 m²

Volume, LiDAR

732 m³

Parcel 44025A0108/00V000, Flanders · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

EDM WORK

Houtstraat 4, 9800 DeinzeComputing infrastructure, data processing, hosting and other information service activities

since 20192.287.471.222

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44025A0108/00V000	Flanders	681 m²	1 · 148 m²	7.0 m · 2 fl.

Linked by address, not proof of ownership

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.

Insolvency mandates

2 mandates

Role	Name	Tenure
Curator	LIEVE TEINTENIER FRANKLIN ROOSEVELT 42, 9600 RONSE ↔ Also on 166 other cases	18-11-2025 → present
Curator	ALEXIA DE CLERCQ EDGARD GEVAERTDREEF 10, 9830 SINT-MARTENS-LATEM	06-06-2023 → present