ELECTRONIC DOCUMENT SOLUTIONS
Open bankruptcyA bankruptcy procedure is open for ELECTRONIC DOCUMENT SOLUTIONS according to publications in the Belgian State Gazette; curator: GAUTHIER LEFEBVRE.
Summary
The 2021 annual accounts show negative equity (€-46k) and a net result of €-58k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 26-07-2022, 5 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
5 d early
2020
87 d late
2019
74 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-46k
2020 · €11k
2018: €7k
2019: €8k▲ +19.5% vs 2018
2020: €11k▲ +42.3% vs 2019highest in 4 years
2021: €-46k▼ -514% vs 2020lowest in 4 years
2018 → 2021
Total assets
€71k▼ 17.2%
2020 · €86k
2018: €45klowest in 4 years
2019: €74k▲ +64.5% vs 2018
2020: €86k▲ +15.7% vs 2019highest in 4 years
2021: €71k▼ -17.2% vs 2020
2018 → 2021
Net result
€-58k
2020 · €3k
2018: €389
2019: €1k▲ +231% vs 2018
2020: €3k▲ +159% vs 2019highest in 4 years
2021: €-58k▼ -1831% vs 2020lowest in 4 years
2018 → 2021
Working capital
€-62k▼ 478%
2020 · €-11k
2018: €6khighest in 4 years
2019: €-18k▼ -428% vs 2018
2020: €-11k▲ +41.7% vs 2019
2021: €-62k▼ -478% vs 2020lowest in 4 years
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€7k-€8k▲ 19.5%€11k▲ 42.3%€-46k
2018: €7k
2019: €8k▲ +19.5% vs 2018
2020: €11k▲ +42.3% vs 2019highest in 4 years
2021: €-46k▼ -514% vs 2020lowest in 4 years
Operating result€1k-€2k▲ 57.3%€3k▲ 107%€-57k
2018: €1k
2019: €2k▲ +57.3% vs 2018
2020: €3k▲ +107% vs 2019highest in 4 years
2021: €-57k▼ -1804% vs 2020lowest in 4 years
Net result€389-€1k▲ 231%€3k▲ 159%€-58k
2018: €389
2019: €1k▲ +231% vs 2018
2020: €3k▲ +159% vs 2019highest in 4 years
2021: €-58k▼ -1831% vs 2020lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €57k after €3k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €71k
Fixed assets
€16k ▼ 27.3%
Current assets
€55k ▼ 13.4%
Key figures and ratios
EBITDA
€-51k▼
2020 · €9k
Cash flow
€-51k▼
2020 · €9k
Solvency
-65.5%▼
2020 · 13.1%
Current ratio
0.47▼
2020 · 0.86
Quick ratio
0.47▼
2020 · 0.84
Debt to equity
-2.53
ROA
-81.4%▼
2020 · 3.9%
Interest coverage
-177.58
Debt
€117k▲
2020 · €74k
Debt ≤ 1 year
€117k▲
2020 · €74k
Staff costs
€105k
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 · 2021 against 2020 · 43 lines
Balance sheet
Code20202021
Assets
Total assets20/58€86k€71k▼
Formation expenses20€357€47▼
Fixed assets21/28€22k€16k▼
Intangible fixed assets21€20k€15k▼
Tangible fixed assets22/27€1k€859▼
Furniture and vehicles24-€859
Current assets29/58€64k€55k▼
Stocks and contracts in progress3€1k€63▼
Stocks30/36-€63
Amounts receivable within one year40/41€62k€48k▼
Trade receivables40-€40k
Other amounts receivable41-€8k
Cash at bank and in hand54/58€1k€7k▲
Deferred charges and accrued income490/1-€200
Equity and liabilities
Total equity and liabilities10/49€86k€71k▼
Equity10/15€11k€-46k▼
Contributions10/11-€6k
Reserves13€19€19=
Non-distributable reserves130/1-€19
Reserves not available under the articles1311-€19
Profit (loss) carried forward14€5k€-53k▼
Amounts payable17/49€74k€117k▲
Amounts payable within one year42/48€74k€117k▲
Trade debts44€16k€7k▼
Suppliers440/4-€7k
Advances received on contracts in progress46-€17k
Taxes, remuneration and social security45-€68k
Taxes450/3-€45k
Remuneration and social security454/9-€22k
Other amounts payable47/48-€26k
Income statement
Code20202021
Remuneration, social security and pensions62-€105k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8-€658
Gross operating margin9900€9k€55k▲
Operating profit (loss)9901€3k€-57k▼
Recurring financial income75€245-
Financial charges65/66B-€288
Recurring financial charges65€282€288▲
Profit (loss) for the period before taxes9903€3k€-58k▼
Profit (loss) for the period9904€3k€-58k▼
Profit (loss) for the period to be appropriated9905€3k€-58k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-53k
Profit (loss) brought forward from the previous period14P-€5k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €105k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €571 | €2k | €6k | €6k | ▲ 6.4% |
| Other operating charges640/8 | - | - | - | €658 | - |
| Gross operating margin9900 | €2k | €3k | €9k | €55k | ▲ 495% |
| Operating profit (loss)9901 | €1k | €2k | €3k | €-57k | ▼ 1,804% |
| Recurring financial income75 | - | - | €245 | - | - |
| Financial charges65/66B | - | - | - | €288 | - |
| Recurring financial charges65 | €516 | €340 | €282 | €288 | ▲ 2.1% |
| Profit (loss) for the period before taxes9903 | €518 | €1k | €3k | €-58k | ▼ 1,831% |
| Income taxes67/77 | €129 | - | - | - | - |
| Profit (loss) for the period9904 | €389 | €1k | €3k | €-58k | ▼ 1,831% |
| Profit (loss) for the period to be appropriated9905 | €389 | €1k | €3k | €-58k | ▼ 1,831% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €45k | €74k | €86k | €71k | ▼ 17.2% |
| Formation expenses20 | €975 | €666 | €357 | €47 | ▼ 86.8% |
| Fixed assets21/28 | - | €26k | €22k | €16k | ▼ 27.3% |
| Intangible fixed assets21 | - | €26k | €20k | €15k | ▼ 26.7% |
| Tangible fixed assets22/27 | - | - | €1k | €859 | ▼ 36.2% |
| Furniture and vehicles24 | - | - | - | €859 | - |
| Current assets29/58 | €44k | €48k | €64k | €55k | ▼ 13.4% |
| Stocks and contracts in progress3 | - | - | €1k | €63 | ▼ 94.1% |
| Stocks30/36 | - | - | - | €63 | - |
| Amounts receivable within one year40/41 | €44k | €40k | €62k | €48k | ▼ 22.6% |
| Trade receivables40 | - | - | - | €40k | - |
| Other amounts receivable41 | - | - | - | €8k | - |
| Cash at bank and in hand54/58 | €16 | €8k | €1k | €7k | ▲ 590% |
| Deferred charges and accrued income490/1 | - | - | - | €200 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €45k | €74k | €86k | €71k | ▼ 17.2% |
| Equity10/15 | €7k | €8k | €11k | €-46k | ▼ 514% |
| Contributions10/11 | €6k | €6k | - | €6k | - |
| Reserves13 | €19 | €19 | €19 | €19 | = |
| Non-distributable reserves130/1 | - | - | - | €19 | - |
| Reserves not available under the articles1311 | - | - | - | €19 | - |
| Profit (loss) carried forward14 | €370 | €2k | €5k | €-53k | ▼ 1,156% |
| Amounts payable17/49 | €38k | €66k | €74k | €117k | ▲ 57.7% |
| Amounts payable within one year42/48 | €38k | €66k | €74k | €117k | ▲ 57.7% |
| Trade debts44 | €23k | €23k | €16k | €7k | ▼ 57.0% |
| Suppliers440/4 | - | - | - | €7k | - |
| Advances received on contracts in progress46 | - | - | - | €17k | - |
| Taxes, remuneration and social security45 | - | - | - | €68k | - |
| Taxes450/3 | - | - | - | €45k | - |
| Remuneration and social security454/9 | - | - | - | €22k | - |
| Other amounts payable47/48 | - | - | - | €26k | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €389 | €1k | €3k | €-58k | ▼ 1,831% |
| + Depreciation and write-downs630 | €571 | €2k | €6k | €6k | ▲ 6.4% |
| Operating cash flow (approximation) | €960 | €3k | €9k | €-51k | ▼ 662% |
| Investment in fixed assets (approximation) | - | - | €-2k | €-310 | ▲ 82.5% |
| Change in cash | - | €8k | €-7k | €6k | ▲ 188% |
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
2025
14-10
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Tournai · event 07-10-2025
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-58k
Net result drops to €-58k, the lowest in the series.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Highest result since 2018net €3k ▲159%
Operating result €3k, net result €3k, both a record.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 65 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Tournai · 1 establishment unit since 2017
Ground area
9,671 m²
Building footprint
2,321 m²
Volume, LiDAR
14,304 m³
Parcel 57050A0188/00R002, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
XEFI WAPI
since 20172.263.592.592
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57050A0188/00R002 | Wallonia | 9,671 m² | 1 · 2,321 m² | 7.5 m · 2 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GAUTHIER LEFEBVRE RUE DE LA TERRE A
BRIQUES 29, 7522 03 MARQUAIN- .
Date provisoire de cessation de paiement : 07/10/2025 |
07-10-2025 → present |
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Of 2,787 companies in sector 63910 we hold annual accounts for 699. 423 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 (pre-2019)
Founded15-03-2017
Fiscal year end31-12
Abbreviation FR
e-doc-s
Activities, NACEBEL 2025
63910Web portal activities
18130Pre-press and pre-media services
62100Computer programming
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.