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Edroga

Active
Private limited companyfounded 20224 yrs activeFrans Beckersstraat 23, 2600 Antwerpen, BelgiumKBO/BCE: BE 0782.953.811
Summary

The annual accounts of Edroga for fiscal year 2025 show a net loss of 52% of the equity at the start of that year. The 2025 annual accounts show equity of €7,554 and a net result of -€8,034. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 9557 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency57▼-20
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.42 against 1.16 in 2024; short-term debt: 68.4% and cash: 24.3% of total assets), and 68.4% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
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 2025
Solvency, return and age of the figures
Solvency
31.6%
Return on assets
-33.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
30 d early
2024
31 d early
2023
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

On 7 March 2022, Edroga was incorporated as a Private limited company.1 Total assets went from EUR 15,574 in 2023 to EUR 23,879 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€7,554▼ 51.5%
2024 · €15,588
Total assets
€23,879▼ 19.6%
2024 · €29,709
Net result
-€8,034
2024 · €11,728
Working capital
-€9,469
2024 · €2,268
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line202320242025
Operating result-€1,038-€15,469-€5,481
Net result-€1,140below the sector's middle half-€11,728within the sector's middle half-€8,034below the sector's middle half
Equity€3,860below the sector's middle half-€15,588below the sector's middle half▲ 304%€7,554below the sector's middle half▼ 51.5%
Total assets€15,574below the sector's middle half-€29,709below the sector's middle half▲ 90.8%€23,879below the sector's middle half▼ 19.6%
Debt€11,714-€14,122▲ 20.6%€16,326▲ 15.6%
Working capital-€5,236below the sector's middle half-€2,268below the sector's middle half-€9,469below the sector's middle half
Solvency24.8%below the sector's middle half-52.5%within the sector's middle half▲ 27.7pp31.6%within the sector's middle half▼ 20.8pp
Current ratio0.55below the sector's middle half-1.16below the sector's middle half▲ 0.610.42below the sector's middle half▼ 0.74
Return on assets (ROA)-7.3%below the sector's middle half-39.5%above the sector's middle half▲ 46.8pp-33.6%below the sector's middle half▼ 73.1pp
above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€10,000€0€10,000€20,000Operating result 2023: -€1,038-€1,038Net result 2023: -€1,140-€1,140Operating result 2024: €15,469€15,469Net result 2024: €11,728€11,728Operating result 2025: -€5,481-€5,481Net result 2025: -€8,034-€8,034202320242025-€10,000€0€10,000€20,000Operating result 2023: -€1,038-€1,040Net result 2023: -€1,140-€1,140Operating result 2024: €15,469€15,500Net result 2024: €11,728€11,700Operating result 2025: -€5,481-€5,480Net result 2025: -€8,034-€8,030202320242025
The operating result turns negative in 2025: a loss of €5,481 after €15,469 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,879
Fixed assets €17,022 ▲ 27.8%
Current assets €6,857 ▼ 58.2%
Equity and liabilities €23,879
Equity €7,554 ▼ 51.5%
Debt €16,326 ▲ 15.6%
Debt's share of the balance-sheet total rises from 47.5% to 68.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€3,487▼
2024 · €17,745
Cash flow
-€6,040▼
2024 · €14,004
Debt to equity
2.16▲
2024 · 0.91
ROE
-106.4%▼
2024 · 75.2%
Interest coverage
-134.01▼
2024 · 241.43
Debt ≤ 1 year
€16,326▲
2024 · €14,122
Income taxes
-€24▼
2024 · €3,668
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,227 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.9% went bankrupt
8.6% stopped otherwise
87% still going

A further 1.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 3,227 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€29,709€23,879▼
Fixed assets21/28€13,320€17,022▲
Tangible fixed assets22/27€8,320€12,022▲
Plant, machinery and equipment23€2,531€6,322▲
Furniture and vehicles24€5,789€5,700▼
Financial fixed assets28€5,000€5,000=
Current assets29/58€16,390€6,857▼
Amounts receivable within one year40/41€3,754€1,065▼
Trade receivables40€2,805-
Other amounts receivable41€949€1,065▲
Cash at bank and in hand54/58€12,636€5,792▼
Equity and liabilities
Total equity and liabilities10/49€29,709€23,879▼
Equity10/15€15,588€7,554▼
Contributions10/11€5,000€5,000=
Reserves13€10,588€2,554▼
Distributable reserves133€10,588€2,554▼
Amounts payable17/49€14,122€16,326▲
Amounts payable within one year42/48€14,122€16,326▲
Trade debts44€36-
Suppliers440/4€36-
Taxes, remuneration and social security45-€81
Taxes450/3-€81
Other amounts payable47/48€14,086€16,245▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,276€1,994▼
Other operating charges640/8€765€1,318▲
Gross operating margin9900€18,511-€2,169▼
Operating profit (loss)9901€15,469-€5,481▼
Financial charges65/66B€74€2,577▲
Recurring financial charges65€74€26▼
Non-recurring financial charges66B-€2,551
Profit (loss) for the period before taxes9903€15,396-€8,058▼
Income taxes67/77€3,668-€24▼
Profit (loss) for the period9904€11,728-€8,034▼
Profit (loss) for the period to be appropriated9905€11,728-€8,034▼
Appropriation of the result
Profit (loss) to be appropriated9906€10,588-€8,034▼
Profit (loss) brought forward from the previous period14P-€1,140-
Transfer from equity791/2-€8,034
Transfer to equity691/2€10,588-
To other reserves6921€10,588-

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Remuneration, social security and pensions62€90---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€501€2,276€1,994▼ 12.4%
Other operating charges640/8€400€765€1,318▲ 72.2%
Gross operating margin9900-€47€18,511-€2,169▼ 112%
Operating profit (loss)9901-€1,038€15,469-€5,481▼ 135%
Financial income75/76B€2---
Recurring financial income75€2---
Financial charges65/66B€104€74€2,577▲ 3,406%
Recurring financial charges65€104€74€26▼ 64.6%
Non-recurring financial charges66B--€2,551-
Profit (loss) for the period before taxes9903-€1,140€15,396-€8,058▼ 152%
Income taxes67/77-€3,668-€24▼ 101%
Profit (loss) for the period9904-€1,140€11,728-€8,034▼ 169%
Profit (loss) for the period to be appropriated9905-€1,140€11,728-€8,034▼ 169%
Line202320242025Change
Assets
Total assets20/58€15,574€29,709€23,879▼ 19.6%
Fixed assets21/28€9,096€13,320€17,022▲ 27.8%
Tangible fixed assets22/27€4,096€8,320€12,022▲ 44.5%
Plant, machinery and equipment23€3,238€2,531€6,322▲ 150%
Furniture and vehicles24€858€5,789€5,700▼ 1.5%
Financial fixed assets28€5,000€5,000€5,000=
Current assets29/58€6,478€16,390€6,857▼ 58.2%
Amounts receivable within one year40/41€305€3,754€1,065▼ 71.6%
Trade receivables40-€2,805--
Other amounts receivable41€305€949€1,065▲ 12.2%
Cash at bank and in hand54/58€6,173€12,636€5,792▼ 54.2%
Equity and liabilities
Total equity and liabilities10/49€15,574€29,709€23,879▼ 19.6%
Equity10/15€3,860€15,588€7,554▼ 51.5%
Contributions10/11€5,000€5,000€5,000=
Reserves13-€10,588€2,554▼ 75.9%
Distributable reserves133-€10,588€2,554▼ 75.9%
Profit (loss) carried forward14-€1,140---
Amounts payable17/49€11,714€14,122€16,326▲ 15.6%
Amounts payable within one year42/48€11,714€14,122€16,326▲ 15.6%
Trade debts44€539€36--
Suppliers440/4€539€36--
Taxes, remuneration and social security45--€81-
Taxes450/3--€81-
Other amounts payable47/48€11,176€14,086€16,245▲ 15.3%
Line202320242025Change
Profit (loss) for the period9904-€1,140€11,728-€8,034▼ 169%
+ Depreciation and write-downs630€501€2,276€1,994▼ 12.4%
Operating cash flow (approximation)-€639€14,004-€6,040▼ 143%
Investment in fixed assets (approximation)--€6,500-€5,697▲ 12.4%
Change in cash-€6,463-€6,844▼ 206%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
01-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€8,034
Net result drops to -€8,034, the lowest in the series.
30-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial Back to profitnet €11,728
Net result €11,728 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 1.16
Current ratio from 0.55 to 1.16.
31-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Antwerpen · 1 establishment unit since 2022
seat establishment approximate The establishment unit on the map
Ground area
306 m²
Building footprint
112 m²
Volume, LiDAR
952 m³
Parcel 11003A0374/00A000, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Edroga
Frans Beckersstraat 23, 2600 AntwerpenBusiness consulting
since 20222.328.673.060
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11003A0374/00A000 Flanders 306 m² 1 · 112 m² 9.5 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.

Similar companies · same sector, comparable size

Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 2,476 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
Founded07-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0782953811
Also 9925:BE0782953811
Registered 29-12-2025

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.