EDVH

Active

Private limited companyfounded 20206 yrs activeEmiel Clausstraat 35/01, 8793 Waregem, BelgiumKBO/BCE: BE 0746.847.441

The computed 12-month bankruptcy probability of EDVH is 3.3% (moderate). The 2024 annual accounts show negative equity (€-2.51M) and a net result of €-58k. Equity is shrinking by ~1806.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 26052 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

16 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability0▼-100

Solvency0▼-37

Growth32▼-46

Track record100

Bankruptcy probability, 12 months

3.3% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.11 against 1.33 in 2022; short-term debt: 865.7% and cash: 2.6% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

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 2024

Solvency, return and age of the figures

Solvency

-790.9%

Return on assets

-18.4%

Age of the figures

21 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

212224

2021 to 2024 · latest year €-2.51M

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-10-2025, 66 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 · 3 filings

Deviation from the deadline

2025

not confirmed

2024

66 d late

2022

354 d late

2021

9 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€-2.51M

2022 · €40k

2021: €-46k 2022: €40k

2021 → 2024

Total assets

€318k▼ 6.1%

2022 · €339k

2021: €188k 2022: €339k

2021 → 2024

Net result

€-58k

2022 · €86k

2021: €-52k 2022: €86k

2021 → 2024

Working capital

€-2.46M

2022 · €72k

2021: €-24k 2022: €72k

2021 → 2024

Multi-year overview

Available amounts per fiscal year

Line202120222024Trend

Equity€-46k-€40k€-2.51M

Operating result€-51k-€87k€-58k

Net result€-52k-€86k€-58k

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

Result per fiscal year

Operating resultNet result

The operating result is €-58k in 2024, compared with €87k in 2022. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2024 in colour, 2022 as the grey bar beneath

Assets €318k

91.0%

Fixed assets €29k▼ 40.2%

Current assets €289k▼ 0.5%

Key figures and ratios

2024 value · change against 2022

EBITDA

€-37k▼

2022 · €101k

Cash flow

€-37k▼

2022 · €100k

Solvency

-790.9%▼

2022 · 11.8%

Current ratio

0.11▼

2022 · 1.33

Quick ratio

0.11▼

2022 · 0.42

Debt / equity

-1.13▼

2022 · 7.45

ROA

-18.4%▼

2022 · 25.3%

Debt

€2.83M▲

2022 · €299k

Debt ≤ 1 year

€2.75M▲

2022 · €219k

Debt > 1 year

€80k=

2022 · €80k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2022

Balance sheet Code20222024

Assets

Total assets20/58€339k€318k▼

Fixed assets21/28€48k€29k▼

Intangible fixed assets21€3k€3k=

Tangible fixed assets22/27€40k€21k▼

Land and buildings22€3k-

Plant, machinery and equipment23€3k-

Furniture and vehicles24€34k€21k▼

Financial fixed assets28€4k€4k=

Current assets29/58€291k€289k▼

Stocks and contracts in progress3€199k-

Stocks30/36€199k-

Amounts receivable within one year40/41€58k€262k▲

Trade receivables40€54k€256k▲

Other amounts receivable41€4k€6k▲

Cash at bank and in hand54/58€15k€8k▼

Deferred charges and accrued income490/1€19k€19k▲

Equity and liabilities

Total equity and liabilities10/49€339k€318k▼

Equity10/15€40k€-2.51M▼

Contributions10/11€6k€6k=

Profit (loss) carried forward14€34k€-2.52M▼

Amounts payable17/49€299k€2.83M▲

Amounts payable after more than one year17€80k€80k=

Financial debts170/4€80k€80k=

Amounts payable within one year42/48€219k€2.75M▲

Trade debts44€56k€2.56M▲

Suppliers440/4€56k€2.56M▲

Taxes, remuneration and social security45€21k€28k▲

Remuneration and social security454/9€21k€28k▲

Other amounts payable47/48€142k€160k▲

Income statement Code20222024

Remuneration, social security and pensions62€594-

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€21k▲

Other operating charges640/8€3k€894▼

Non-recurring operating charges66A€1k-

Gross operating margin9900€106k€-36k▼

Operating profit (loss)9901€87k€-58k▼

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€1k-

Recurring financial charges65€1k-

Profit (loss) for the period before taxes9903€86k€-58k▼

Income taxes67/77€-8-

Profit (loss) for the period9904€86k€-58k▼

Profit (loss) for the period to be appropriated9905€86k€-58k▼

Appropriation of the result

Profit (loss) to be appropriated9906€34k€-2.52M▼

Profit (loss) brought forward from the previous period14P€-52k€-2.46M▼

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

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Timeline · acts, filings and financial milestones

All 5Financial 2Filings 3

2025

05-10

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 66 days late

2024

31-12

Financial Weakest financial yearnet €-58k ▼168%

Net result drops to €-58k, the lowest in the series.

19-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 354 days late

2022

31-12

Financial Back to profitnet €86k

Net result €86k after one loss-making year.

22-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 acts for this company are 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, Waregem · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Emiel Clausstraat 35/018793 Waregem

Ground area

1.3 ha

Building footprint

2,875 m²

Volume, LiDAR

15,024 m³

Parcel 34035A0051/00A002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

EDVH

Emiel Clausstraat 35, 8793 WaregemManufacture of furniture

since 20202.302.255.507

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34035A0051/00A002	Flanders	1.3 ha	1 · 2,875 m²	8.1 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2022 · 2 entries · 619 EUR awarded · 619 EUR paid

Year	Entries	awarded	paid
2022	2	619 EUR	619 EUR

Schemes

Stagebonus (stopgezet)

1 entry · 500 EUR · 500 EUR paid · Departement Werk en Sociale Economie

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 119 EUR · 119 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Dual-learning approval

1 live approval · 2 ended

Medewerker tegelzetwerken en dekvloeren duaal (so)

Goedgekeurd · 2021 to 2026

Similar companies · same sector, comparable size

E & M

BE 0441.305.854

Merelbeke-Melle · Eq €40k

Sint-Jans-Molenbeek · Eq €40k

Of 4,249 companies in sector 47789 we hold annual accounts for 1,021. 748 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded12-05-2020

Fiscal year end31-12

Activities, NACEBEL

47789Other retail sale of new goods

43331Floor and wall tiling

81210General cleaning of buildings

Sources

Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.