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EdT

Active
Private limited companyfounded 2024active for 1 yearHemelrijk 22, 3500 Hasselt, BelgiumKBO/BCE: BE 1016.485.764

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 08-05-2026 at the NBB

Turnover
≈ €810,000
Estimated: probably between €700,000 and €960,000
Total assets
€173,070
Net result
€62,835
Working capital
€27,274

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €173,070
Fixed assets €39,561
Current assets €133,509
Equity and liabilities €173,070
Equity €66,835
Debt €106,235
Debt's share of the balance-sheet total is 61.4%.
Key figures and ratios
2025 value
EBITDA
€99,710
Cash flow
€68,463
Current ratio
1.26
Quick ratio
0.89
Debt to equity
1.59
ROE
94.0%
ROA
36.3%
Interest coverage
16.27
Debt ≤ 1 year
€106,235
Income taxes
€25,120
Staff costs
€232,397

Comparable companies

These companies have the same main activity as EdT: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €170,000 and €209,000, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
EdT Hasselt2024€173,070€66,835€337,737€62,835-2025
Thommy's Kortrijk2025€185,849€112,102€332,899€102,102-2026
ANNMI Visé2024€170,441€36,719€283,341€16,719-2025
THAI CAFE NAMUR Namur2024€171,921€15,582€387,212€14,5039.92025
Dolcissima Brecht2024€170,419€56,571€300,354€16,003-2025
Ert23 Antwerpen2024€208,597€73,411€362,093€68,4118.72025
TDCO Herzele2024€206,261€96,166€300,437€74,566-2025

They were chosen from the 12,110 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 11,279 companies had the same profile as EdT has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

The bankruptcy probability of EdT itself is higher: 1.3% within 12 months. It rests on far more data about EdT than the profile alone.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for EdT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 41 lines

Source: Annual accounts 2025 at the NBB, filed on 08-05-2026.

Balance sheet Code2025
Assets
Total assets20/58€173,070
Fixed assets21/28€39,561
Tangible fixed assets22/27€19,561
Furniture and vehicles24€17,452
Other tangible fixed assets26€2,109
Financial fixed assets28€20,000
Current assets29/58€133,509
Stocks and contracts in progress3€39,005
Stocks30/36€39,005
Amounts receivable within one year40/41€3,275
Trade receivables40€3,275
Cash at bank and in hand54/58€82,012
Deferred charges and accrued income490/1€9,217
Equity and liabilities
Total equity and liabilities10/49€173,070
Equity10/15€66,835
Contributions10/11€4,000
Reserves13€62,835
Distributable reserves133€62,835
Amounts payable17/49€106,235
Amounts payable within one year42/48€106,235
Trade debts44€18,390
Suppliers440/4€18,390
Taxes, remuneration and social security45€70,715
Taxes450/3€41,212
Remuneration and social security454/9€29,503
Other amounts payable47/48€17,130
Income statement Code2025
Remuneration, social security and pensions62€232,397
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,627
Other operating charges640/8€5,059
Non-recurring operating charges66A€571
Gross operating margin9900€337,737
Operating profit (loss)9901€94,083
Financial charges65/66B€6,127
Recurring financial charges65€6,127
Profit (loss) for the period before taxes9903€87,955
Income taxes67/77€25,120
Profit (loss) for the period9904€62,835
Profit (loss) for the period to be appropriated9905€62,835
Appropriation of the result
Profit (loss) to be appropriated9906€62,835
Transfer to equity691/2€62,835
To other reserves6921€62,835

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Remuneration, social security and pensions62€232,397
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,627
Other operating charges640/8€5,059
Non-recurring operating charges66A€571
Gross operating margin9900€337,737
Operating profit (loss)9901€94,083
Financial charges65/66B€6,127
Recurring financial charges65€6,127
Profit (loss) for the period before taxes9903€87,955
Income taxes67/77€25,120
Profit (loss) for the period9904€62,835
Profit (loss) for the period to be appropriated9905€62,835
Line2025
Assets
Total assets20/58€173,070
Fixed assets21/28€39,561
Tangible fixed assets22/27€19,561
Furniture and vehicles24€17,452
Other tangible fixed assets26€2,109
Financial fixed assets28€20,000
Current assets29/58€133,509
Stocks and contracts in progress3€39,005
Stocks30/36€39,005
Amounts receivable within one year40/41€3,275
Trade receivables40€3,275
Cash at bank and in hand54/58€82,012
Deferred charges and accrued income490/1€9,217
Equity and liabilities
Total equity and liabilities10/49€173,070
Equity10/15€66,835
Contributions10/11€4,000
Reserves13€62,835
Distributable reserves133€62,835
Amounts payable17/49€106,235
Amounts payable within one year42/48€106,235
Trade debts44€18,390
Suppliers440/4€18,390
Taxes, remuneration and social security45€70,715
Taxes450/3€41,212
Remuneration and social security454/9€29,503
Other amounts payable47/48€17,130
Line2025
Profit (loss) for the period9904€62,835
+ Depreciation and write-downs630€5,627
Operating cash flow (approximation)€68,463

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 08-05-2026 2026-00106049 NBB

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