EPCOM REAL ESTATE
ActiveEPCOM REAL ESTATE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.75M and a net result of €-108k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 19357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability65▲+16
Solvency72▼-4
Growth68=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 4.83 in 2023; short-term debt: 7.7% and cash: 7.3% of total assets), and 53.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2024Solvency, return and age of the figures
Solvency
46.6%
Return on assets
-2.9%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-108k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
37 d early
2022
42 d early
2021
103 d early
2020
10 d late
2019
43 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€215k▼ 0.7%
2021 · €217k
2018: €177k
2019: €222k
2020: €210k
2021: €217k
2018 → 2022
EBIT margin
-79.6%▼ 721.8pp
2021 · 642.2%
2018: -68.8%
2019: -75.7%
2020: -87.3%
2021: 642.2%
2018 → 2022
Net result
€-108k▼ 4.3%
2023 · €-103k
2018: €-135k
2019: €-212k
2020: €-193k
2021: €1.04M
2022: €-155k
2023: €-103k
2018 → 2024
Working capital
€67k▼ 77.0%
2023 · €293k
2018: €702k
2019: €51k
2020: €305k
2021: €2.02M
2022: €1.19M
2023: €293k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€210k-€217k▲ 3.3%€215k▼ 0.7%
Equity€1.04M-€2.08M▲ 99.8%€1.96M▼ 5.8%€1.86M▼ 5.3%€1.75M▼ 5.8%
Operating result€-183k-€1.39M€-171k€-110k▲ 35.8%€-100k▲ 9.4%
Net result€-193k-€1.04M€-155k€-103k▲ 33.4%€-108k▼ 4.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €100k in 2024 against €110k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.76M
Fixed assets
€3.40M▲ 3.0%
Current assets
€356k▼ 3.7%
Equity and liabilities €3.76M
Equity
€1.75M▼ 5.8%
Provisions
€330k▼ 3.0%
Debt
€1.68M▲ 13.7%
The debt ratio rises from 40.1% to 44.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€109k▲
2023 · €82k
Cash flow
€101k▲
2023 · €89k
Solvency
46.6%▼
2023 · 50.6%
Current ratio
1.23▼
2023 · 4.83
Quick ratio
1.23▼
2023 · 4.83
Debt / equity
0.96▲
2023 · 0.79
ROE
-6.1%▼
2023 · -5.5%
ROA
-2.9%▼
2023 · -2.8%
Interest coverage
6.75▲
2023 · 4.07
Debt
€1.68M▲
2023 · €1.47M
Debt ≤ 1 year
€289k▲
2023 · €77k
Debt > 1 year
€1.35M▼
2023 · €1.36M
Income taxes
€4k▲
2023 · €-1k
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€3.67M€3.76M▲
Fixed assets21/28€3.30M€3.40M▲
Tangible fixed assets22/27€3.30M€3.40M▲
Land and buildings22€3.29M€3.40M▲
Furniture and vehicles24€13k€6k▼
Current assets29/58€370k€356k▼
Amounts receivable within one year40/41€68k€65k▼
Trade receivables40€57k€65k▲
Other amounts receivable41€11k€0▼
Current investments50/53€26k€14k▼
Cash at bank and in hand54/58€273k€274k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€3.67M€3.76M▲
Equity10/15€1.86M€1.75M▼
Contributions10/11€2.09M€2.09M=
Capital10€2.09M€2.09M=
Issued capital100€2.09M€2.09M=
Reserves13€1.08M€1.04M▼
Non-distributable reserves130/1€3k€3k=
Legal reserve130€3k€3k=
Tax-exempt reserves132€1.02M€990k▼
Distributable reserves133€52k€52k=
Profit (loss) carried forward14€-1.30M€-1.38M▼
Provisions and deferred taxes16€340k€330k▼
Deferred taxes168€340k€330k▼
Amounts payable17/49€1.47M€1.68M▲
Amounts payable after more than one year17€1.36M€1.35M▼
Financial debts170/4€1.36M€1.35M▼
Amounts payable within one year42/48€77k€289k▲
Current portion of amounts payable after more than one year42€43k€11k▼
Trade debts44€30k€43k▲
Suppliers440/4€30k€43k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48-€230k
Accrued charges and deferred income492/3€36k€37k▲
Income statement
Code20232024
Non-recurring operating income76A-€29k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€192k€209k▲
Other operating charges640/8€26k€42k▲
Gross operating margin9900€108k€151k▲
Operating profit (loss)9901€-110k€-100k▲
Financial income75/76B€9k€2k▼
Recurring financial income75€9k€2k▼
Financial charges65/66B€20k€16k▼
Recurring financial charges65€20k€16k▼
Profit (loss) for the period before taxes9903€-122k€-114k▲
Transfer from deferred taxes780€17k€10k▼
Income taxes67/77€-1k€4k▲
Profit (loss) for the period9904€-103k€-108k▼
Transfer from tax-exempt reserves789€51k€31k▼
Profit (loss) for the period to be appropriated9905€-53k€-77k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.30M€-1.38M▼
Profit (loss) brought forward from the previous period14P€-1.25M€-1.30M▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €1.04M
Net result €1.04M after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 15.33
Current ratio from 5.74 to 15.33.
31-12
Financial
Equity above €2MEq €2.08M ▲99.8%
Equity rises from €1.04M to €2.08M.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
31-12
Financial
Liquidity times 5current ratio 5.74
Current ratio from 1.15 to 5.74; short-term debt falls from €331k to €64k.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-212k
Net result drops to €-212k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial 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
Registered office, Watermaal-Bosvoorde · 1 establishment unit since 1987
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.
Kruisboogsquare 61170 Watermaal-BosvoordeGround area
1,155 m²
Building footprint
415 m²
Volume, LiDAR
2,976 m³
2 parcels, Brussels, Flanders · tallest building 12.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Museumlaan 65, 3080 Tervuren
since 19872.033.022.802
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24104C0084/00B002 | Flanders | 959 m² | 1 · 219 m² | 8.5 m · 2 fl. |
| 21652E0006/00M000 | Brussels | 195 m² | 1 · 196 m² | 12.6 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.
Recognitions · licences · registrations
Legal Entity Identifier
5493000K5R3P0MVMF231
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 4,432 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-02-1987
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 38 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.