EDW Formation
ActiveSummary
EDW Formation has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137k and a net result of €23k. Equity is growing by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 12% of 685 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+17
Solvency31▲+1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity short (current ratio 0.72 against 0.61 in 2024; short-term debt: 25.4% and cash: 0.4% of total assets), and 93.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer 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 2025Solvency, return and age of the figures
Solvency
6.2%
Return on assets
1%
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 12% of 685 sector peers (2025).
NBB · sector comparisonPosition among 685 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
30 d late
2023
30 d late
2022
8 d late
2021
53 d early
2020
15 d early
2019
68 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€23k
2024 · €-61k
Working capital
€-160k▲ 23.9%
2024 · €-211k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€484k▲ 342%€-44k€-63k▼ 43.3%€18k€109k▲ 492%
Net result€382k▲ 315%€-36k€-76k▼ 114%€-61k▲ 20.1%€23k
Equity€286k€251k▼ 12.4%€175k▼ 30.3%€114k▼ 34.7%€137k▲ 20.4%
Total assets€835k▲ 111%€504k▼ 39.6%€1.73M▲ 244%€2.27M▲ 31.0%€2.22M▼ 2.3%
Debt€548k▲ 32.3%€253k▼ 53.9%€1.56M▲ 515%€2.15M▲ 38.4%€2.08M▼ 3.5%
Working capital€91k€133k▲ 45.8%€27k▼ 79.7%€-211k€-160k▲ 23.9%
Staff (FTE)4.8▲ 33.3%4▼ 16.7%4=4.1▲ 2.5%5.1▲ 24.4%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 492% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.22M
Fixed assets
€1.81M ▼ 6.3%
Current assets
€403k ▲ 21.1%
Equity and liabilities €2.22M
Equity
€137k ▲ 20.4%
Debt
€2.08M ▼ 3.5%
Debt's share of the balance-sheet total falls from 95.0% to 93.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€250k▲
2024 · €112k
Cash flow
€163k▲
2024 · €33k
Current ratio
0.72▲
2024 · 0.61
Quick ratio
0.69▲
2024 · 0.59
Debt to equity
15.14▼
2024 · 18.87
ROE
16.9%▲
2024 · -53.2%
ROA
1.0%▲
2024 · -2.7%
Interest coverage
2.90▲
2024 · 1.38
Debt ≤ 1 year
€564k▲
2024 · €544k
Debt > 1 year
€1.51M▼
2024 · €1.58M
Income taxes
€371▼
2024 · €631
Staff costs
€269k▲
2024 · €210k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €700 | €10k | €0 | €3k | €5k | ▲ 68.5% |
| Remuneration, social security and pensions62 | €219k | €196k | €209k | €210k | €269k | ▲ 28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67k | €77k | €113k | €94k | €140k | ▲ 49.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €4k | €767 | €5k | €1k | €-5k | ▼ 508% |
| Other operating charges640/8 | €9k | €5k | €9k | €5k | €6k | ▲ 34.4% |
| Non-recurring operating charges66A | €13k | €5k | €4k | €14k | €9k | ▼ 36.3% |
| Gross operating margin9900 | €797k | €240k | €276k | €342k | €530k | ▲ 54.9% |
| Operating profit (loss)9901 | €484k | €-44k | €-63k | €18k | €109k | ▲ 492% |
| Financial income75/76B | €40k | €19k | €2k | €3k | €245 | ▼ 90.5% |
| Recurring financial income75 | €665 | €722 | €0 | €228 | €245 | ▲ 7.5% |
| Non-recurring financial income76B | €39k | €19k | €2k | €2k | €0 | ▼ 100% |
| Financial charges65/66B | €15k | €8k | €14k | €81k | €86k | ▲ 6.1% |
| Recurring financial charges65 | €15k | €8k | €14k | €81k | €86k | ▲ 6.1% |
| Profit (loss) for the period before taxes9903 | €509k | €-33k | €-76k | €-60k | €24k | ▲ 139% |
| Income taxes67/77 | €127k | €3k | €514 | €631 | €371 | ▼ 41.2% |
| Profit (loss) for the period9904 | €382k | €-36k | €-76k | €-61k | €23k | ▲ 138% |
| Profit (loss) for the period to be appropriated9905 | €382k | €-36k | €-76k | €-61k | €23k | ▲ 138% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €835k | €504k | €1.73M | €2.27M | €2.22M | ▼ 2.3% |
| Formation expenses20 | €61k | €30k | €0 | - | - | - |
| Fixed assets21/28 | €239k | €176k | €1.40M | €1.94M | €1.81M | ▼ 6.3% |
| Intangible fixed assets21 | €1k | €818 | €522 | €226 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €225k | €156k | €1.38M | €1.92M | €1.79M | ▼ 6.4% |
| Land and buildings22 | - | - | €376k | €1.84M | €1.76M | ▼ 4.5% |
| Plant, machinery and equipment23 | €6k | €7k | €4k | €2k | €5k | ▲ 98.0% |
| Furniture and vehicles24 | €72k | €62k | €56k | €39k | €24k | ▼ 37.8% |
| Leasing and similar rights25 | €137k | €81k | €56k | €32k | €7k | ▼ 76.9% |
| Other tangible fixed assets26 | €10k | €7k | €5k | €2k | €617 | ▼ 72.2% |
| Assets under construction and advance payments27 | - | - | €881k | €0 | - | - |
| Financial fixed assets28 | €13k | €18k | €18k | €18k | €18k | = |
| Current assets29/58 | €535k | €298k | €334k | €333k | €403k | ▲ 21.1% |
| Stocks and contracts in progress3 | €3k | €6k | €13k | €13k | €12k | ▼ 8.8% |
| Stocks30/36 | €3k | €6k | €13k | €13k | €12k | ▼ 8.8% |
| Amounts receivable within one year40/41 | €365k | €253k | €292k | €293k | €366k | ▲ 25.1% |
| Trade receivables40 | €179k | €119k | €132k | €114k | €165k | ▲ 45.4% |
| Other amounts receivable41 | €187k | €134k | €160k | €179k | €201k | ▲ 12.3% |
| Cash at bank and in hand54/58 | €159k | €9k | €12k | €11k | €9k | ▼ 18.5% |
| Deferred charges and accrued income490/1 | €8k | €30k | €17k | €16k | €16k | ▲ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €835k | €504k | €1.73M | €2.27M | €2.22M | ▼ 2.3% |
| Equity10/15 | €286k | €251k | €175k | €114k | €137k | ▲ 20.4% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €107k | €107k | €107k | €107k | €107k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €106k | €106k | €107k | €107k | €107k | = |
| Profit (loss) carried forward14 | €167k | €131k | €55k | €-6k | €18k | ▲ 413% |
| Amounts payable17/49 | €548k | €253k | €1.56M | €2.15M | €2.08M | ▼ 3.5% |
| Amounts payable after more than one year17 | €104k | €68k | €1.19M | €1.58M | €1.51M | ▼ 4.8% |
| Financial debts170/4 | €104k | €68k | €1.01M | €1.32M | €1.25M | ▼ 5.8% |
| Other amounts payable178/9 | - | - | €180k | €260k | €260k | = |
| Amounts payable within one year42/48 | €444k | €164k | €307k | €544k | €564k | ▲ 3.7% |
| Current portion of amounts payable after more than one year42 | €147k | €36k | €59k | €93k | €80k | ▼ 13.6% |
| Financial debts43 | - | - | - | €2 | €2 | = |
| Credit institutions430/8 | - | - | - | €2 | €2 | = |
| Trade debts44 | €45k | €41k | €117k | €220k | €94k | ▼ 57.1% |
| Suppliers440/4 | €45k | €41k | €117k | €220k | €94k | ▼ 57.1% |
| Advances received on contracts in progress46 | - | - | - | - | €420 | - |
| Taxes, remuneration and social security45 | €175k | €88k | €132k | €231k | €389k | ▲ 68.4% |
| Taxes450/3 | €141k | €53k | €77k | €156k | €275k | ▲ 76.3% |
| Remuneration and social security454/9 | €33k | €35k | €55k | €75k | €114k | ▲ 51.9% |
| Other amounts payable47/48 | €77k | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €165 | €20k | €56k | €29k | €10k | ▼ 66.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €382k | €-36k | €-76k | €-61k | €23k | ▲ 138% |
| + Depreciation and write-downs630 | €67k | €77k | €113k | €94k | €140k | ▲ 49.6% |
| Operating cash flow (approximation) | €449k | €41k | €37k | €33k | €163k | ▲ 395% |
| Investment in fixed assets (approximation) | - | €-14k | €-1.33M | €-632k | €-18k | ▲ 97.2% |
| Change in cash | - | €-150k | €3k | €-631 | €-2k | ▼ 234% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €23k
Net result €23k after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-76k
Net result drops to €-76k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €382k ▲315%
Operating result €484k, net result €382k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.21
Current ratio from 0.58 to 1.21.
31-12
Financial
Equity above €200kEq €286k
2 profitable years in a row build equity to €286k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €92k
Net result €92k after 2 loss-making years.
Show earlier events
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
18-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 110 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 57 days late
09-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 374 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, La Louvière · 1 establishment unit since 2016
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.
Rue Scoumanne(M) 1767110 La LouvièreGround area
8,581 m²
Parcel 55019B0085/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
EDW Formation
since 20162.249.666.758
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55019B0085/00E000 | Wallonia | 8,581 m² | - | - |
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.
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Of 3,019 companies in sector 85592 we hold annual accounts for 988. 753 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
Founded28-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
85592Vocational training
82300Organisation of conventions and trade shows
Contact
E-mail
eric@edw-formation.beLa Louvière
Phone
0474/68.55.14La Louvière
Scores and ratios are computed by Checked and are not a credit decision.