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EDUARDS LINES

Active
Private limited companyfounded 20242 yrs activeClaeslaan 2, 1820 Steenokkerzeel, BelgiumKBO/BCE: BE 1012.904.385
Summary

The computed 12-month bankruptcy probability of EDUARDS LINES is 3.3% (moderate). The 2025 annual accounts show equity of €18,842 and a net result of €3,842. Its solvency ranks better than 18% of 1880 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes
Profitability65
Solvency37
Growth-
Track record67
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.25; short-term debt: 43.9% and cash: 4.3% of total assets), and 87.8% 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
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
12.2%
Return on assets
2.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 1880 sector peers (2025).
NBB · sector comparison
Position among 1880 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 1 filing
Deviation from the deadline
2025
28 d late
← before the deadline after the deadline →
Checked, nothing found (1)
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

EDUARDS LINES was incorporated on 28 August 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

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

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Financials · fiscal year 2025, abbreviated schema

Equity
€18,842
Total assets
€153,858
Net result
€3,842
Working capital
-€50,378

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €153,858
Fixed assets €136,641
Current assets €17,216
Equity and liabilities €153,858
Equity €18,842
Debt €135,015
Debt finances 87.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€59,210
Cash flow
€49,080
Current ratio
0.25
Debt to equity
7.17
ROE
20.4%
ROA
2.5%
Interest coverage
5.17
Debt ≤ 1 year
€67,594
Debt > 1 year
€67,421
Income taxes
€1,084

Peer companies

Historical observation

Of the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.3% went bankrupt
1.1% stopped otherwise
95% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.3% 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 497,058 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% 1.6%
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 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 2,541 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 · 41 lines
Balance sheet Code2025
Assets
Total assets20/58€153,858
Fixed assets21/28€136,641
Tangible fixed assets22/27€136,580
Furniture and vehicles24€1,580
Leasing and similar rights25€135,000
Financial fixed assets28€62
Current assets29/58€17,216
Amounts receivable within one year40/41€10,569
Trade receivables40€8,461
Other amounts receivable41€2,108
Cash at bank and in hand54/58€6,648
Equity and liabilities
Total equity and liabilities10/49€153,858
Equity10/15€18,842
Contributions10/11€15,000
Outside capital11€15,000
Other1109/19€15,000
Profit (loss) carried forward14€3,842
Amounts payable17/49€135,015
Amounts payable after more than one year17€67,421
Financial debts170/4€67,421
Amounts payable within one year42/48€67,594
Current portion of amounts payable after more than one year42€35,894
Trade debts44€7,161
Suppliers440/4€7,161
Advances received on contracts in progress46€350
Taxes, remuneration and social security45€1,213
Taxes450/3€1,213
Other amounts payable47/48€22,976
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45,238
Other operating charges640/8€193
Gross operating margin9900€59,403
Operating profit (loss)9901€13,972
Financial income75/76B€2,412
Recurring financial income75€2,412
Financial charges65/66B€11,457
Recurring financial charges65€11,457
Profit (loss) for the period before taxes9903€4,927
Income taxes67/77€1,084
Profit (loss) for the period9904€3,842
Profit (loss) for the period to be appropriated9905€3,842
Appropriation of the result
Profit (loss) to be appropriated9906€3,842

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

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45,238
Other operating charges640/8€193
Gross operating margin9900€59,403
Operating profit (loss)9901€13,972
Financial income75/76B€2,412
Recurring financial income75€2,412
Financial charges65/66B€11,457
Recurring financial charges65€11,457
Profit (loss) for the period before taxes9903€4,927
Income taxes67/77€1,084
Profit (loss) for the period9904€3,842
Profit (loss) for the period to be appropriated9905€3,842
Line2025
Assets
Total assets20/58€153,858
Fixed assets21/28€136,641
Tangible fixed assets22/27€136,580
Furniture and vehicles24€1,580
Leasing and similar rights25€135,000
Financial fixed assets28€62
Current assets29/58€17,216
Amounts receivable within one year40/41€10,569
Trade receivables40€8,461
Other amounts receivable41€2,108
Cash at bank and in hand54/58€6,648
Equity and liabilities
Total equity and liabilities10/49€153,858
Equity10/15€18,842
Contributions10/11€15,000
Outside capital11€15,000
Other1109/19€15,000
Profit (loss) carried forward14€3,842
Amounts payable17/49€135,015
Amounts payable after more than one year17€67,421
Financial debts170/4€67,421
Amounts payable within one year42/48€67,594
Current portion of amounts payable after more than one year42€35,894
Trade debts44€7,161
Suppliers440/4€7,161
Advances received on contracts in progress46€350
Taxes, remuneration and social security45€1,213
Taxes450/3€1,213
Other amounts payable47/48€22,976
Line2025
Profit (loss) for the period9904€3,842
+ Depreciation and write-downs630€45,238
Operating cash flow (approximation)€49,080

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

2026
28-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
NBB filing
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, Steenokkerzeel · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
645 m²
Building footprint
136 m²
Volume, LiDAR
782 m³
Parcel 23081D0151/00D006, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Claeslaan 2, 1820 Steenokkerzeel
Land transport and transport via pipelines
since 20242.363.345.810
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23081D0151/00D006 Flanders 645 m² 1 · 136 m² 10.6 m · 2 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 6,972 companies in sector 49320 we hold annual accounts for 2,715. 2,189 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
Founded28-08-2024
Fiscal year end31-12
Activities, NACEBEL 2025
49320Non-scheduled passenger transport by road
E-invoicing
Reachable via Peppol
Peppol ID 0208:1012904385
Also 9925:BE1012904385
Registered 18-12-2025

Register as of 26 September 2026 · Peppol Directory

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