EDOUARD AV
ActiveEDOUARD AV has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €35k and a net result of €43k. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 26% of 37959 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+4
Solvency53▼-29
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.76 in 2023; short-term debt: 70% and cash: 50.1% of total assets), and 72% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
28%
Return on assets
33.9%
Age of the figures
21 mo
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 16-06-2025, 45 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
7 d early
2022
41 d early
2021
24 d early
2020
45 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€35k▼ 29.2%
2023 · €50k
2020: €23k
2021: €45k
2022: €61k
2023: €50k
2020 → 2024
Total assets
€125k▲ 42.8%
2023 · €88k
2020: €34k
2021: €78k
2022: €105k
2023: €88k
2020 → 2024
Net result
€43k▲ 125%
2023 · €19k
2020: €22k
2021: €23k
2022: €16k
2023: €19k
2020 → 2024
Working capital
€2k▼ 92.3%
2023 · €25k
2020: €20k
2021: €41k
2022: €35k
2023: €25k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€45k▲ 98.9%€61k▲ 34.3%€50k▼ 18.3%€35k▼ 29.2%
Operating result€27k-€30k▲ 9.1%€20k▼ 34.5%€28k▲ 44.4%€57k▲ 101%
Net result€22k-€23k▲ 3.4%€16k▼ 31.1%€19k▲ 21.5%€43k▲ 125%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 101% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €125k
Fixed assets
€36k▲ 15.3%
Current assets
€90k▲ 57.8%
Equity and liabilities €125k
Equity
€35k▼ 29.2%
Debt
€90k▲ 137%
The debt ratio rises from 43.4% to 72.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€62k▲
2023 · €37k
Cash flow
€47k▲
2023 · €27k
Solvency
28.0%▼
2023 · 56.6%
Current ratio
1.02▼
2023 · 1.76
Quick ratio
1.01▼
2023 · 1.76
Debt / equity
2.57▲
2023 · 0.77
ROE
120.9%▲
2023 · 38.0%
ROA
33.9%▲
2023 · 21.5%
Interest coverage
25.64▲
2023 · 15.90
Debt
€90k▲
2023 · €38k
Debt ≤ 1 year
€88k▲
2023 · €32k
Debt > 1 year
€2k▼
2023 · €6k
Income taxes
€12k▲
2023 · €7k
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€88k€125k▲
Fixed assets21/28€31k€36k▲
Tangible fixed assets22/27€31k€36k▲
Furniture and vehicles24€2k€9k▲
Other tangible fixed assets26€29k€27k▼
Current assets29/58€57k€90k▲
Stocks and contracts in progress3-€748
Stocks30/36-€748
Amounts receivable within one year40/41-€25k
Trade receivables40-€25k
Cash at bank and in hand54/58€57k€63k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€88k€125k▲
Equity10/15€50k€35k▼
Contributions10/11€1k€1k=
Reserves13€48k€34k▼
Distributable reserves133€48k€34k▼
Profit (loss) carried forward14€654€169▼
Amounts payable17/49€38k€90k▲
Amounts payable after more than one year17€6k€2k▼
Financial debts170/4€6k€2k▼
Amounts payable within one year42/48€32k€88k▲
Current portion of amounts payable after more than one year42€4k€3k▼
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€22k€21k▼
Taxes450/3€22k€21k▼
Other amounts payable47/48€3k€59k▲
Income statement
Code20232024
Non-recurring operating income76A€10k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€4k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€38k€63k▲
Operating profit (loss)9901€28k€57k▲
Financial income75/76B€56€126▲
Recurring financial income75€56€126▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€26k€55k▲
Income taxes67/77€7k€12k▲
Profit (loss) for the period9904€19k€43k▲
Profit (loss) for the period to be appropriated9905€19k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€43k▲
Profit (loss) brought forward from the previous period14P€799€654▼
Transfer from equity791/2€30k€14k▼
Transfer to equity691/2€19k-
To other reserves6921€19k-
Profit to be distributed694/7€30k€57k▲
Return on contributions (dividend)694€30k€57k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €43k ▲125%
Operating result €57k, net result €43k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €16k ▼31.1%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-06
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.
Directors · office · real estate
Directors
1 act for this company is 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, Zulte · 1 establishment unit since 2019
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.
Donkerstraat 689870 ZulteGround area
3,082 m²
Building footprint
229 m²
Volume, LiDAR
537 m³
Parcel 44037A0883/00N000, Flanders · tallest building 6.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
EDOUARD AV
since 20192.297.040.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44037A0883/00N000 | Flanders | 3,082 m² | 1 · 229 m² | 6.6 m · 1 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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Of 5,700 companies in sector 70100 we hold annual accounts for 3,494. 1,889 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-12-2019
Fiscal year end31-12
Activities, NACEBEL
70100Activities of head offices
90393Specialised image, lighting and sound technical services
43211General electrical installation work
43212Electrical installation work in industrial facilities
43240Other construction installation
43299Specialised construction activities
46431Wholesale of electrical household appliances and audio-video equipment
47400Retail sale of information and communication equipment
47430Retail trade
77222Rental and leasing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.