ELECTRONIC DEVELOPMENT SECURITY
Open bankruptcyA bankruptcy procedure is open for ELECTRONIC DEVELOPMENT SECURITY according to publications in the Belgian State Gazette; curator: VIRGINIE SALTEUR.
Summary
The 2022 annual accounts show equity of €130k and a net result of €25k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, full schema
Turnover
€80k▲ 19.5%
2021 · €67k
2018: €6k
2019: €79k
2020: €66k
2021: €67k
2018 → 2022
EBIT margin
46.2%▲ 1.5pp
2021 · 44.8%
2018: -19.1%
2019: 58.3%
2020: 52.8%
2021: 44.8%
2018 → 2022
Net result
€25k▲ 11.4%
2021 · €22k
2018: €-1k
2019: €41k
2020: €27k
2021: €22k
2018 → 2022
Working capital
€130k▲ 24.2%
2021 · €105k
2018: €32k
2019: €63k
2020: €90k
2021: €105k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€6k-€79k▲ 1,345%€66k▼ 17.0%€67k▲ 1.6%€80k▲ 19.5%
Equity€22k-€63k▲ 190%€90k▲ 43.7%€105k▲ 16.8%€130k▲ 23.6%
Operating result€-1k-€46k€35k▼ 24.9%€30k▼ 13.8%€37k▲ 23.3%
Net result€-1k-€41k€27k▼ 33.3%€22k▼ 18.8%€25k▲ 11.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 23% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €233k
Fixed assets
€2k ▲ 65.5%
Current assets
€231k ▲ 22.9%
Equity and liabilities €233k
Equity
€130k ▲ 23.6%
Debt
€103k ▲ 22.5%
Debt's share of the balance-sheet total falls from 44.3% to 44.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37k▲
2021 · €30k
Cash flow
€25k▲
2021 · €23k
Current ratio
2.28▲
2021 · 2.25
Debt to equity
0.79▼
2021 · 0.80
ROE
19.1%▼
2021 · 21.1%
ROA
10.7%▼
2021 · 11.8%
Interest coverage
26.67▼
2021 · 29.10
Debt ≤ 1 year
€101k▲
2021 · €84k
Income taxes
€11k▼
2021 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 44 lines
Balance sheet
Code20212022
Assets
Total assets20/58€189k€233k▲
Fixed assets21/28€969€2k▲
Tangible fixed assets22/27€969€2k▲
Furniture and vehicles24€969€2k▲
Current assets29/58€188k€231k▲
Amounts receivable within one year40/41€175k€217k▲
Trade receivables40€29k€26k▼
Other amounts receivable41€146k€190k▲
Cash at bank and in hand54/58€13k€15k▲
Equity and liabilities
Total equity and liabilities10/49€189k€233k▲
Equity10/15€105k€130k▲
Contributions10/11€23k€23k=
Capital10€23k€23k=
Issued capital100€23k€23k=
Profit (loss) carried forward14€82k€107k▲
Amounts payable17/49€84k€103k▲
Amounts payable within one year42/48€84k€101k▲
Financial debts43€5k€3k▼
Credit institutions430/8€5k€3k▼
Trade debts44€948€6k▲
Suppliers440/4€948€6k▲
Taxes, remuneration and social security45€78k€92k▲
Taxes450/3€78k€92k▲
Other amounts payable47/48€1€601▲
Accrued charges and deferred income492/3€278€1k▲
Income statement
Code20212022
Turnover70€67k€80k▲
Goods, raw materials, services and sundry goods60/61€31k€35k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€243€0▼
Other operating charges640/8€6k€8k▲
Gross operating margin9900€36k€45k▲
Operating profit (loss)9901€30k€37k▲
Financial income75/76B€6k-
Recurring financial income75€6k-
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€35k€36k▲
Income taxes67/77€13k€11k▼
Profit (loss) for the period9904€22k€25k▲
Transfer to tax-exempt reserves689€7k-
Profit (loss) for the period to be appropriated9905€15k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€82k€107k▲
Profit (loss) brought forward from the previous period14P€67k€82k▲
Transfer to equity691/2€0-
To the legal reserve6920€0-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
20-11
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · ELECTRONIC DEVELOPMENT SECU- RITY SRL DREVE RICHELLE 161 MN 57, 1410 WATERLOO · event 10-10-2024
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 1052 days late
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 1417 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 682 days late
10-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 284 days late
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 1745 days late
2021
31-12
Financial
Equity above €100kEq €105k ▲16.8%
3 profitable years in a row build equity to €105k.
2019
31-12
Financial
Back to profitnet €41k
Net result €41k after one loss-making year.
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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
1 establishment unit since 2019
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.
Ground area
6,366 m²
Building footprint
1,169 m²
Volume, LiDAR
16,365 m³
2 parcels, Wallonia · tallest building 18.1 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de Diane 3, 1410 Waterloo
since 20192.292.124.054
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0600/00R000 | Wallonia | 4,633 m² | 1 · 788 m² | 18.1 m · 5 fl. |
| 25762H0345/00C000 | Wallonia | 1,733 m² | 1 · 381 m² | 13.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | VIRGINIE SALTEUR AVENUE DU CENTENAIRE 120,
1400 NIVELLES |
10-10-2024 → present |
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Of 2,762 companies in sector 69109 we hold annual accounts for 1,208. 934 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded16-01-2017
Fiscal year end31-12
Abbreviation FR
E.D.S.
Activities, NACEBEL 2025
69109Other legal services
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.