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EDUARDS LINES

Active
Private limited companyfounded 2024active for 2 yearsClaeslaan 2, 1820 Steenokkerzeel, BelgiumKBO/BCE: BE 1012.904.385
Summary

The computed 12-month bankruptcy probability of EDUARDS LINES is 4.8% (elevated). The 2025 annual accounts show equity of €18,842 and a net result of €3,842. Its solvency ranks better than 18% of 2,387 sector peers (NACE 49, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00489129.

Turnover
≈ €150,000
Estimated: probably between €110,000 and €220,000
Total assets
€153,858
Net result
€3,842
Working capital
-€50,378

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

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 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
94.9% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.8% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 2,542 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
Contributions 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
Contributions 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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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 28-08-2026 2026-00489129

Similar companies · same sector, comparable size

Of the 6,616 active companies whose main activity is non-scheduled passenger transport by road (NACE 49320), figures are known for 2,729. 2,184 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.