EDMACO
ActiveThe computed 12-month bankruptcy probability of EDMACO is 3.4% (moderate). The 2024 annual accounts show negative equity (€-61k) and a net result of €-34k. Equity is shrinking by ~87.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 515 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
7
/ 100
Critical▼ -23 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency33▼-14
Growth32▼-26
Stability94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.24 against 1.11 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-187.1%
Return on assets
-104.5%
Age of the figures
20 mo
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
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
222324
2022 to 2024 · latest year -€61k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
105 d late
2022
84 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-61k▼ 126%
2023 · €-27k
2022: €-14k
2023: €-27k
2022 → 2024
Total assets
€32k▼ 59.3%
2023 · €79k
2022: €76k
2023: €79k
2022 → 2024
Net result
€-34k▼ 164%
2023 · €-13k
2022: €-19k
2023: €-13k
2022 → 2024
Working capital
€-44k
2023 · €7k
2022: €28k
2023: €7k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€-14k-€-27k▼ 91.8%€-61k▼ 126%
Operating result€-17k-€-10k▲ 42.5%€-30k▼ 208%
Net result€-19k-€-13k▲ 31.4%€-34k▼ 164%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €30k in 2024 against €10k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €32k
Fixed assets
€18k▲ 53.5%
Current assets
€14k▼ 79.1%
Key figures and ratios
EBITDA
€-25k▼
2023 · €-6k
Cash flow
€-29k▼
2023 · €-9k
Solvency
-187.1%▼
2023 · -33.6%
Current ratio
0.24▼
2023 · 1.11
Quick ratio
0.11▼
2023 · 0.14
Debt / equity
-1.53▲
2023 · -3.97
ROE
55.8%▲
2023 · 47.9%
ROA
-104.5%▼
2023 · -16.1%
Interest coverage
-5.92▼
2023 · -1.61
Debt
€93k▼
2023 · €106k
Debt ≤ 1 year
€58k▼
2023 · €61k
Debt > 1 year
€34k▼
2023 · €45k
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€79k€32k▼
Fixed assets21/28€12k€18k▲
Intangible fixed assets21-€802
Tangible fixed assets22/27€10k€16k▲
Land and buildings22€1k€0▼
Plant, machinery and equipment23€6k€8k▲
Furniture and vehicles24€3k€4k▲
Other tangible fixed assets26-€4k
Financial fixed assets28€2k€2k=
Current assets29/58€68k€14k▼
Stocks and contracts in progress3€59k€8k▼
Stocks30/36€59k€8k▼
Amounts receivable within one year40/41€9k€6k▼
Trade receivables40€8k€6k▼
Other amounts receivable41€160€0▼
Deferred charges and accrued income490/1€168€74▼
Equity and liabilities
Total equity and liabilities10/49€79k€32k▼
Equity10/15€-27k€-61k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-31k€-65k▼
Amounts payable17/49€106k€93k▼
Amounts payable after more than one year17€45k€34k▼
Financial debts170/4€45k€34k▼
Amounts payable within one year42/48€61k€58k▼
Current portion of amounts payable after more than one year42€11k€11k▲
Financial debts43€24k€25k▲
Credit institutions430/8€24k€25k▲
Trade debts44€22k€15k▼
Suppliers440/4€22k€15k▼
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48€4k€4k▲
Accrued charges and deferred income492/3-€614
Income statement
Code20232024
Non-recurring operating income76A-€0
Remuneration, social security and pensions62€46-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€5k▲
Other operating charges640/8€270€1k▲
Non-recurring operating charges66A-€39k
Gross operating margin9900€-6k€16k▲
Operating profit (loss)9901€-10k€-30k▼
Financial income75/76B€653€100▼
Recurring financial income75€653€100▼
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€-13k€-34k▼
Profit (loss) for the period9904€-13k€-34k▼
Profit (loss) for the period to be appropriated9905€-13k€-34k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-31k€-65k▼
Profit (loss) brought forward from the previous period14P€-19k€-31k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-34k
Net result drops to €-34k, the lowest in the series.
13-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 105 days late
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zwevegem · 1 establishment unit since 2022
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.
Stokerijstraat(Z) 68550 ZwevegemGround area
344 m²
Building footprint
103 m²
Volume, LiDAR
633 m³
Parcel 34042A1024/00_000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DV Machinery
since 20222.327.520.641
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34042A1024/00_000 | Flanders | 343 m² | 1 · 103 m² | 10.4 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.
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Roeselare
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 262 companies in sector 28300 we hold annual accounts for 196.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-01-2022
Fiscal year end31-12
Activities, NACEBEL
28300Manufacture of machinery and equipment not elsewhere classified
33120Repair and maintenance of machinery
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
46610Wholesale trade
77221Rental and leasing activities
77310Rental and leasing activities
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.