Liquidity
0.23 was 1.44 in 2024
Short-term debts fell from €7,653 to €6,674.
EDVA
Lifetime
4 annual accounts with figures on one time axispeak €17,527 (2024)
-€7,236▼ €24,763
lowest -€12,326 (2025)
-€12,326▼ €21,539
peak €17,103 (2024)
€4,777▼ 72.1%
€6,674▼ 12.8%
Board1 name since 2022
1 directorVANDERHELSTRAETEN Eddy Marcel Jean
Documentsfilings and deeds
17-08-202617 days late
2025micro format
Gross margin from €17,527 to -€7,236Loss of €12,326Equity from €17,103 to €4,777Cash from €4,838 to €1,195
Key points
from the 2025 annual accountsFilings
4 annual accounts 3 late
The 2022 accounts came latest: 29 days after the end of the period.
Position in the sector
-€12,326
Lower net result than 88% of companies in other professional activities. Sector median €9,321 · 4,357 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 20% of micro companies in other professional activities (NACE 74)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,430 companies (NACE 74, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.2%▼ -0.2 percentage points vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.1%▼ -0.1 percentage points vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.3%▲ +0.1 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €12,326 (financial year 2025)
lowers risk
Sector: Other professional, scientific and technical activities (NACE 74)
Size: total assets €11,451
Figures for financial year 2025 (filed on 17-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro). It does better than 44% of them on solvency, 19% on liquidity, 7% on profitability and 9% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as EDVA has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EDVA itself is lower: 0.3% within 12 months. It rests on far more data about EDVA than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 3,223 companies, not a prediction for EDVA. 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.
Credit verdict
No publishable credit limit, so 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 is insufficient, with a current ratio of 0.23 (1.44 in 2024), below 1. Short-term debt is 58.3% and cash 10.4% of total assets. 58.3% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 17 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-08-2026, 17 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
17 days late
2024
25 days late
2023
21 days early
2022
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 13 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0788654540
Incorporation
Founding capital of €500, 50 shares · Founder: VANDERHELSTRAETEN Eddy Marcel Jean · Appointment: VANDERHELSTRAETEN Eddy Marcel Jean (director) · published on 19-07-2022 · Gazette deed
First establishment
Minderbroedersstraat 8, Ronse
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| EDVA Ronse | €11,451 | -€7,236 | 41.7% | - |
| PERFECTRANSLATION Liège | €10,648 | -€2,541 | -353.8% | - |
| FRED FRENCH TOUCH Tournai | €16,784 | -€7,556 | 56.0% | - |
| LAMBERT TRANSLATIONS Hannut | €10,817 | -€3,247 | 58.0% | - |
| HERMES COMPAGNIE Forest | €7,617 | -€13,957 | -128.0% | - |
| NVM BUSINESS SERVICES Rixensart | €7,208 | -€9,390 | -18.2% | - |
| DK CONSULTING Leuven | €5,934 | -€6,912 | -97.1% | - |
These companies have the same main activity as EDVA: translation services (NACE 74301). They are comparable in size and age: total assets between €5,930 and €16,800, founded between 2019 and 2023.
Official details
Source: KBO- Status
- Active since 15-07-2022Normal situation
- Activity
- Translation servicesNACE 74301and 2 others
- Establishment unit
- 2.333.385.9739600 Ronse, since 15-07-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 28-11-2024
Insights on EDVA
EDVA files the micro format. That format states no turnover. The gross margin fell from €2,407 in 2022 to -€7,236 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about EDVA
- What is the company number of EDVA?
- The company number of EDVA is 0788.654.540. The VAT number is the same number with BE in front: BE 0788.654.540.
- Where is EDVA based?
- The registered office is at Minderbroedersstraat 8, 9600 Ronse.Company details
- What does EDVA do?
- According to the KBO register, the main activity is translation services (NACE 74301).
- What is the legal form of EDVA?
- EDVA is a private limited company (BV).
- When was EDVA founded?
- EDVA was founded on 15-07-2022.
- Is EDVA still active?
- Yes, EDVA is an active enterprise in the KBO register.
- What is the turnover of EDVA?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is EDVA profitable?
- In financial year 2025, EDVA made a loss of €12,326.
- Where can I find the annual accounts of EDVA?
- EDVA filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of EDVA due?
- EDVA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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