EDOCARE
ActiveSummary
EDOCARE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €89,016. Equity is growing by ~9.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-1
Solvency100=
Growth60▲+1
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 10.04 against 13.52 in 2024; short-term debt: 10% and cash: 39.3% of total assets), and 10.6% 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
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
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
89.4%
Return on assets
7%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
82 d late
2023
447 d late
2022
34 d early
2021
8 d early
2020
144 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 90 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 29 April (4 of the last 5 filed years within 83 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€158,131▲ 6.1%
2024 · €149,093
EBIT margin
83.9%▲ 1.8pp
2024 · 82.1%
Net result
€89,016▼ 2.8%
2024 · €91,598
Working capital
€1.1m▲ 7.1%
2024 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€141,395▲ 18.0%€134,171▼ 5.1%€116,860▼ 12.9%€149,093▲ 27.6%€158,131▲ 6.1%
Operating result€144,042▲ 114%€102,554▼ 28.8%€82,948▼ 19.1%€122,415▲ 47.6%€132,720▲ 8.4%
Net result€103,487▲ 36.3%€73,215▼ 29.3%€57,309▼ 21.7%€91,598▲ 59.8%€89,016▼ 2.8%
EBIT margin101.9%▲ 45.8pp76.4%▼ 25.4pp71.0%▼ 5.5pp82.1%▲ 11.1pp83.9%▲ 1.8pp
Equity€824,511▲ 14.4%€897,725▲ 8.9%€955,034▲ 6.4%€1.0m▲ 9.6%€1.1m▲ 8.5%
Total assets€1.0m▲ 13.9%€1.1m▲ 6.0%€1.0m▼ 2.1%€1.2m▲ 10.5%€1.3m▲ 10.2%
Debt€121,981▲ 35.7%€122,215▲ 0.2%€55,426▼ 54.6%€86,147▲ 55.4%€127,458▲ 48.0%
Working capital€883,348▲ 11.5%€944,326▲ 6.9%€987,564▲ 4.6%€1.1m▲ 8.0%€1.1m▲ 7.1%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 8% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€335 ▼ 50.0%
Current assets
€1.3m ▲ 10.2%
Equity and liabilities €1.3m
Equity
€1.1m ▲ 8.5%
Provisions
€6,702 ▼ 66.2%
Debt
€127,458 ▲ 48.0%
Debt's share of the balance-sheet total rises from 7.5% to 10.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€133,055▲
2024 · €122,988
Cash flow
€89,350▼
2024 · €92,170
Current ratio
10.04▼
2024 · 13.52
Debt to equity
0.11▲
2024 · 0.08
ROE
7.8%▼
2024 · 8.8%
ROA
7.0%▼
2024 · 7.9%
Interest coverage
1237.61▲
2024 · 522.09
Debt ≤ 1 year
€126,460▲
2024 · €85,180
Income taxes
€60,113▲
2024 · €40,439
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,134 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 | €141,395 | €134,171 | €116,860 | €149,093 | €158,131 | ▲ 6.1% |
| Non-recurring operating income76A | - | - | - | - | €1,045 | - |
| Goods, raw materials, services and sundry goods60/61 | €32,224 | €42,591 | €32,446 | €25,138 | €25,123 | ▼ 0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €705 | €659 | €595 | €573 | €335 | ▼ 41.6% |
| Other operating charges640/8 | €868 | €50 | €871 | €968 | €998 | ▲ 3.2% |
| Gross operating margin9900 | €145,615 | €103,263 | €84,414 | €123,955 | €134,053 | ▲ 8.1% |
| Operating profit (loss)9901 | €144,042 | €102,554 | €82,948 | €122,415 | €132,720 | ▲ 8.4% |
| Financial income75/76B | €9,539 | €9,868 | €5,298 | €9,857 | €17,115 | ▲ 73.6% |
| Recurring financial income75 | €9,539 | €9,868 | €5,298 | €9,857 | €17,115 | ▲ 73.6% |
| Financial charges65/66B | €3,133 | €6,322 | €4,937 | €236 | €708 | ▲ 200% |
| Recurring financial charges65 | €3,133 | €6,322 | €4,937 | €236 | €108 | ▼ 54.4% |
| Non-recurring financial charges66B | - | - | - | - | €600 | - |
| Profit (loss) for the period before taxes9903 | €150,449 | €106,101 | €83,309 | €132,037 | €149,128 | ▲ 12.9% |
| Income taxes67/77 | €46,962 | €32,886 | €26,000 | €40,439 | €60,113 | ▲ 48.7% |
| Profit (loss) for the period9904 | €103,487 | €73,215 | €57,309 | €91,598 | €89,016 | ▼ 2.8% |
| Profit (loss) for the period to be appropriated9905 | €103,487 | €73,215 | €57,309 | €91,598 | €89,016 | ▼ 2.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.0m | €1.1m | €1.0m | €1.2m | €1.3m | ▲ 10.2% |
| Fixed assets21/28 | €2,211 | €1,552 | €1,242 | €669 | €335 | ▼ 50.0% |
| Intangible fixed assets21 | €0 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €2,211 | €1,552 | €1,242 | €669 | €335 | ▼ 50.0% |
| Plant, machinery and equipment23 | €1,673 | €1,338 | €1,004 | €669 | €335 | ▼ 50.0% |
| Furniture and vehicles24 | €538 | €214 | €238 | - | - | - |
| Current assets29/58 | €1.0m | €1.1m | €1.0m | €1.2m | €1.3m | ▲ 10.2% |
| Amounts receivable within one year40/41 | €9,179 | €0 | €588 | €588 | - | - |
| Other amounts receivable41 | €9,179 | €0 | €588 | €588 | - | - |
| Current investments50/53 | €531,089 | €581,951 | €784,028 | €848,542 | €770,332 | ▼ 9.2% |
| Cash at bank and in hand54/58 | €452,057 | €471,190 | €257,589 | €302,824 | €499,141 | ▲ 64.8% |
| Deferred charges and accrued income490/1 | €11,226 | €11,376 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.0m | €1.1m | €1.0m | €1.2m | €1.3m | ▲ 10.2% |
| Equity10/15 | €824,511 | €897,725 | €955,034 | €1.0m | €1.1m | ▲ 8.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €801,857 | €874,857 | €930,357 | €1.0m | €1.0m | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €799,997 | €872,997 | €928,497 | €1.0m | €1.0m | = |
| Profit (loss) carried forward14 | €4,054 | €4,269 | €6,077 | €12,675 | €101,691 | ▲ 702% |
| Provisions and deferred taxes16 | €59,270 | €46,128 | €32,986 | €19,844 | €6,702 | ▼ 66.2% |
| Provisions for liabilities and charges160/5 | €59,270 | €46,128 | €32,986 | €19,844 | €6,702 | ▼ 66.2% |
| Environmental obligations163 | €59,270 | €46,128 | €32,986 | €19,844 | €6,702 | ▼ 66.2% |
| Amounts payable17/49 | €121,981 | €122,215 | €55,426 | €86,147 | €127,458 | ▲ 48.0% |
| Amounts payable within one year42/48 | €120,202 | €120,190 | €54,640 | €85,180 | €126,460 | ▲ 48.5% |
| Trade debts44 | €5,109 | €5,124 | €5,289 | €6,701 | - | - |
| Suppliers440/4 | €5,109 | €5,124 | €5,289 | €6,701 | - | - |
| Taxes, remuneration and social security45 | €20,986 | €6,425 | - | €12,500 | €42,070 | ▲ 237% |
| Taxes450/3 | €20,986 | €6,425 | - | €12,500 | €42,070 | ▲ 237% |
| Remuneration and social security454/9 | €0 | €0 | - | - | - | - |
| Other amounts payable47/48 | €94,108 | €108,642 | €49,351 | €65,979 | €84,390 | ▲ 27.9% |
| Accrued charges and deferred income492/3 | €1,778 | €2,024 | €785 | €968 | €998 | ▲ 3.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €103,487 | €73,215 | €57,309 | €91,598 | €89,016 | ▼ 2.8% |
| + Depreciation and write-downs630 | €705 | €659 | €595 | €573 | €335 | ▼ 41.6% |
| Operating cash flow (approximation) | €104,192 | €73,874 | €57,904 | €92,170 | €89,350 | ▼ 3.1% |
| Investment in fixed assets (approximation) | - | €0 | -€285 | €0 | €0 | - |
| Change in cash | - | €19,133 | -€213,601 | €45,235 | €196,317 | ▲ 334% |
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
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 82 days late
21-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 447 days late
2024
30-09
Financial
Equity above €1mEq €1.0m ▲9.6%
7 profitable years in a row build equity to €1.0m.
2023
30-09
Financial
Weakest financial yearnet €57,309 ▼21.7%
Net result drops to €57,309, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity doublescurrent ratio 19.07
Current ratio from 8.86 to 19.07; short-term debt falls from €120,190 to €54,640.
27-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Highest result since 2018net €103,487 ▲36.3%
Operating result €144,042, net result €103,487, both a record.
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 144 days late
2020
27-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
28-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
23-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Ukkel
Ground area
431 m²
Building footprint
94 m²
Volume, LiDAR
822 m³
Parcel 21612C0161/00X002, Brussels · tallest building 12.8 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0161/00X002 | Brussels | 431 m² | 1 · 94 m² | 12.8 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900T65CRBIH3O7651
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-10-2002
Fiscal year end30-09
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.