Electric Power Distribution Company
Open bankruptcyA bankruptcy procedure is open for Electric Power Distribution Company according to publications in the Belgian State Gazette; curator: ALAIN CLEYMAN. The 2024 annual accounts show equity of €149k and a net result of €43k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
64 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€149k▲ 41.2%
2023 · €105k
2023: €105k
2023 → 2024
Total assets
€1.03M▲ 166%
2023 · €386k
2023: €386k
2023 → 2024
Net result
€43k▼ 57.5%
2023 · €102k
2023: €102k
2023 → 2024
Working capital
€-65k
2023 · €49k
2023: €49k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€105k-€149k▲ 41.2%
Operating result€131k-€75k▼ 43.0%
Net result€102k-€43k▼ 57.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.03M
Fixed assets
€909k▲ 1,518%
Current assets
€117k▼ 64.6%
Equity and liabilities €1.03M
Equity
€149k▲ 41.2%
Debt
€877k▲ 212%
The debt ratio rises from 72.7% to 85.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€194k▲
2023 · €134k
Cash flow
€162k▲
2023 · €105k
Solvency
14.5%▼
2023 · 27.3%
Current ratio
0.64▼
2023 · 1.17
Quick ratio
0.64▼
2023 · 1.17
Debt / equity
5.90▲
2023 · 2.67
ROE
29.2%▼
2023 · 97.2%
ROA
4.2%▼
2023 · 26.5%
Interest coverage
10.54▼
2023 · 131.45
Debt
€877k▲
2023 · €281k
Debt ≤ 1 year
€181k▼
2023 · €281k
Debt > 1 year
€696k
Income taxes
€13k▼
2023 · €28k
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 2023
Balance sheet
Code20232024
Assets
Total assets20/58€386k€1.03M▲
Fixed assets21/28€56k€909k▲
Tangible fixed assets22/27€56k€909k▲
Land and buildings22€42k€899k▲
Furniture and vehicles24€9k€7k▼
Other tangible fixed assets26€5k€4k▼
Current assets29/58€330k€117k▼
Amounts receivable within one year40/41€10k€62k▲
Trade receivables40€4k-
Other amounts receivable41€6k€62k▲
Cash at bank and in hand54/58€316k€55k▼
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€386k€1.03M▲
Equity10/15€105k€149k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€102k€146k▲
Amounts payable17/49€281k€877k▲
Amounts payable after more than one year17-€696k
Financial debts170/4-€696k
Amounts payable within one year42/48€281k€181k▼
Current portion of amounts payable after more than one year42-€47k
Trade debts44€253k€94k▼
Suppliers440/4€253k€94k▼
Taxes, remuneration and social security45€28k€41k▲
Taxes450/3€28k€41k▲
Other amounts payable47/48-€45
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€119k▲
Other operating charges640/8€633€12k▲
Gross operating margin9900€134k€206k▲
Operating profit (loss)9901€131k€75k▼
Financial charges65/66B€1k€18k▲
Recurring financial charges65€1k€18k▲
Profit (loss) for the period before taxes9903€130k€56k▼
Income taxes67/77€28k€13k▼
Profit (loss) for the period9904€102k€43k▼
Profit (loss) for the period to be appropriated9905€102k€43k▼
Appropriation of the result
Profit (loss) to be appropriated9906€102k€146k▲
Profit (loss) brought forward from the previous period14P-€102k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
16-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · ELECTRIC POWER DISTRIBU- TION COMPANY BV VRIESENROT (STG) 11, 9200 DENDERMONDE · event 12-01-2026
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
03-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 64 days late
SignalNBB filing
Directors · office · real estate
Directors
2 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, Dendermonde · 1 establishment unit since 2023
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.
Vriesenrot (STG) 119200 DendermondeGround area
2,705 m²
Building footprint
1,127 m²
Volume, LiDAR
8,266 m³
Parcel 42021A1030/00E000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Electric Power Distribution Company
since 20232.341.363.333
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A1030/00E000 | Flanders | 2,705 m² | 1 · 1,127 m² | 9.7 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN CLEYMAN PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
12-01-2026 → present |
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Of 249 companies in sector 26110 we hold annual accounts for 182. 91 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2023
Fiscal year end31-12
Abbreviation NL
EPDC
Activities, NACEBEL
26110Manufacture of computer, electronic and optical products
33200Installation of industrial machinery and equipment
43211General electrical installation work
46140Agents in the wholesale of industrial machinery, ships and aircraft
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.